CEGESPRO
ActiveSummary
CEGESPRO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468,135 and a net result of €45,634. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-3
Solvency72▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.86 against 1.61 in 2024; short-term debt: 14.9% and cash: 6.8% of total assets), and 53.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.9%
Return on assets
4.6%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 21-12-2025, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
69 d early
2024
17 d late
2023
55 d early
2022
15 d late
2021
on the day
2020
20 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close27-09-2026 today28-02-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,634▼ 27.4%
2024 · €62,846
Working capital
-€21,331
2024 · €102,484
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,664▲ 12.3%€59,295▲ 14.8%€73,873▲ 24.6%€88,728▲ 20.1%€67,949▼ 23.4%
Net result€32,048▲ 25.1%€37,611▲ 17.4%€48,600▲ 29.2%€62,846▲ 29.3%€45,634▼ 27.4%
Equity€273,443▲ 13.3%€311,054▲ 13.8%€359,655▲ 15.6%€422,501▲ 17.5%€468,135▲ 10.8%
Total assets€763,380▲ 6.1%€823,850▲ 7.9%€881,827▲ 7.0%€964,223▲ 9.3%€998,126▲ 3.5%
Debt€489,938▲ 2.4%€512,796▲ 4.7%€522,173▲ 1.8%€541,723▲ 3.7%€529,992▼ 2.2%
Working capital-€27,687▲ 46.3%€27,326€41,975▲ 53.6%€102,484▲ 144%-€21,331
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €998,126
Fixed assets
€871,049 ▲ 25.8%
Current assets
€127,077 ▼ 53.2%
Equity and liabilities €998,126
Equity
€468,135 ▲ 10.8%
Debt
€529,992 ▼ 2.2%
Debt's share of the balance-sheet total falls from 56.2% to 53.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,546▼
2024 · €95,829
Cash flow
€55,232▼
2024 · €69,948
Current ratio
0.86▼
2024 · 1.61
Debt to equity
1.13▼
2024 · 1.28
ROE
9.7%▼
2024 · 14.9%
ROA
4.6%▼
2024 · 6.5%
Interest coverage
8.91▼
2024 · 10.98
Debt ≤ 1 year
€148,408▼
2024 · €169,081
Debt > 1 year
€300,000=
2024 · €300,000
Income taxes
€15,211▼
2024 · €20,928
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,482 | €7,794 | €7,794 | €7,102 | €9,598 | ▲ 35.1% |
| Other operating charges640/8 | - | €25,235 | €18,189 | €19,247 | €17,743 | ▼ 7.8% |
| Gross operating margin9900 | €75,055 | €92,324 | €99,856 | €115,076 | €95,290 | ▼ 17.2% |
| Operating profit (loss)9901 | €51,664 | €59,295 | €73,873 | €88,728 | €67,949 | ▼ 23.4% |
| Financial income75/76B | - | - | - | €3,771 | €1,602 | ▼ 57.5% |
| Recurring financial income75 | - | - | - | €3,771 | €1,602 | ▼ 57.5% |
| Financial charges65/66B | - | €8,811 | €8,845 | €8,724 | €8,706 | ▼ 0.2% |
| Recurring financial charges65 | €8,767 | €8,811 | €8,845 | €8,724 | €8,706 | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €42,896 | €50,484 | €65,029 | €83,774 | €60,845 | ▼ 27.4% |
| Income taxes67/77 | €10,848 | €12,873 | €16,428 | €20,928 | €15,211 | ▼ 27.3% |
| Profit (loss) for the period9904 | €32,048 | €37,611 | €48,600 | €62,846 | €45,634 | ▼ 27.4% |
| Profit (loss) for the period to be appropriated9905 | €32,048 | €37,611 | €48,600 | €62,846 | €45,634 | ▼ 27.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €763,380 | €823,850 | €881,827 | €964,223 | €998,126 | ▲ 3.5% |
| Fixed assets21/28 | €650,344 | €642,550 | €684,756 | €692,659 | €871,049 | ▲ 25.8% |
| Intangible fixed assets21 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Tangible fixed assets22/27 | €51,224 | €43,430 | €35,636 | €43,539 | €46,049 | ▲ 5.8% |
| Land and buildings22 | - | €17,872 | €14,021 | €10,170 | €6,319 | ▼ 37.9% |
| Plant, machinery and equipment23 | - | €25,558 | €21,615 | €33,369 | €39,730 | ▲ 19.1% |
| Financial fixed assets28 | €549,120 | €549,120 | €599,120 | €599,120 | €775,000 | ▲ 29.4% |
| Current assets29/58 | €113,037 | €181,300 | €197,071 | €271,565 | €127,077 | ▼ 53.2% |
| Amounts receivable within one year40/41 | - | - | - | €16,966 | €6,124 | ▼ 63.9% |
| Trade receivables40 | - | - | - | €16,966 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | €6,124 | - |
| Current investments50/53 | - | - | - | €130,687 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €83,037 | €144,267 | €181,027 | €102,575 | €68,351 | ▼ 33.4% |
| Deferred charges and accrued income490/1 | - | €37,033 | €16,044 | €21,337 | €52,603 | ▲ 147% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €763,380 | €823,850 | €881,827 | €964,223 | €998,126 | ▲ 3.5% |
| Equity10/15 | €273,443 | €311,054 | €359,655 | €422,501 | €468,135 | ▲ 10.8% |
| Contributions10/11 | €111,552 | €111,552 | €111,552 | €111,552 | €111,552 | = |
| Capital10 | - | €111,552 | €111,552 | €111,552 | €111,552 | = |
| Issued capital100 | - | €111,552 | €111,552 | €111,552 | €111,552 | = |
| Reserves13 | €11,155 | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Non-distributable reserves130/1 | - | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Legal reserve130 | - | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Profit (loss) carried forward14 | €150,735 | €188,347 | €236,947 | €299,793 | €345,427 | ▲ 15.2% |
| Amounts payable17/49 | €489,938 | €512,796 | €522,173 | €541,723 | €529,992 | ▼ 2.2% |
| Amounts payable after more than one year17 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Other amounts payable178/9 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Amounts payable within one year42/48 | €140,724 | €153,974 | €155,096 | €169,081 | €148,408 | ▼ 12.2% |
| Financial debts43 | - | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Other loans439 | - | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Trade debts44 | €9,876 | €20,881 | €18,448 | €33,115 | €17,971 | ▼ 45.7% |
| Suppliers440/4 | - | €20,881 | €18,448 | €33,115 | €17,971 | ▼ 45.7% |
| Taxes, remuneration and social security45 | - | €2,873 | €6,428 | €5,746 | €0 | ▼ 100% |
| Taxes450/3 | - | €2,873 | €6,428 | €5,746 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €220 | €220 | €220 | €437 | ▲ 98.6% |
| Accrued charges and deferred income492/3 | - | €58,822 | €67,077 | €72,642 | €81,584 | ▲ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,048 | €37,611 | €48,600 | €62,846 | €45,634 | ▼ 27.4% |
| + Depreciation and write-downs630 | €7,482 | €7,794 | €7,794 | €7,102 | €9,598 | ▲ 35.1% |
| Operating cash flow (approximation) | €39,530 | €45,405 | €56,394 | €69,948 | €55,232 | ▼ 21.0% |
| Investment in fixed assets (approximation) | - | €0 | -€50,000 | -€15,004 | -€187,988 | ▼ 1,153% |
| Change in cash | - | €61,231 | €36,760 | -€78,452 | -€34,224 | ▲ 56.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 17 days late
2024
31-07
Financial
Highest result since 2019net €62,846 ▲29.3%
Operating result €88,728, net result €62,846, both a record.
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 15 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1991
Ground area
1,166 m²
Building footprint
451 m²
Volume, LiDAR
6,497 m³
2 parcels, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Kleine Wijngaardstraat 162, 1160 Oudergem
since 19912.050.918.510
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0145/00N006 | Brussels | 767 m² | 1 · 363 m² | 20.2 m · 6 fl. |
| 21332B0447/00P006 | Brussels | 399 m² | 1 · 88 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- E & M
- CEGESPRO
Highest known parent: E & M. The sources do not say who stands above it.
Owners 1
- E & MparentSourceaccounts E & M 2025100%
Holdings 1
-
100%
According to the annual accounts to 31-07-2025 of CEGESPRO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
KOMPANO
BE 0524.963.802
Bütgenbach · Eq €468,119
K.I. STYLING
BE 0465.026.611
Lommel · Eq €468,066
A.M. MANAGEMENT
BE 0821.589.010
Genk · Eq €468,026
ELLA Consult
BE 0698.883.614
Diest · Eq €468,269
YK Advies
BE 0504.948.346
Tienen · Eq €468,286
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 35,188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-1990
Fiscal year end31-07
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442397105
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.