Equity
CEGIMO has made a profit without a break since 2022.
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 67% of them on solvency, 72% on liquidity, 79% on profitability and 78% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as CEGIMO has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CEGIMO itself is lower: 0.2% within 12 months. It rests on far more data about CEGIMO than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for CEGIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.04 (1.73 in 2024), above the usual 1.5. Short-term debt is 16% and cash 11.5% of total assets. 46.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 27 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Shares in 1 company, ALENO SMART BUILDING
Board & ownership| Company | ||||
|---|---|---|---|---|
| CEGIMO Le Roeulx | €305,754 | €62,362 | 53.7% | - |
| ND Construction Binche | €313,108 | €51,406 | 10.3% | - |
| aSD² Kiné Mons | €280,182 | €40,351 | 24.4% | - |
| Bouw en renovatiewerken David Ponette Middelkerke | €286,748 | €62,005 | 26.1% | - |
| Estdemax Ghent | €326,405 | €62,641 | 30.3% | - |
| Landmeter Van den Vonder Hulshout | €346,453 | €58,396 | 41.7% | - |
| Hogires Beerse | €304,220 | €82,022 | 75.8% | - |
These companies have the same main activity as CEGIMO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €280,000 and €346,000, founded in 2020.
CEGIMO files the micro format. That format states no turnover. The gross margin rose from €10,809 in 2021 to €62,362 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €84,000 and €380,000.
Higher than 69% of 17,185 companies in 2025.
Higher than 67% of 16,482 companies in 2025.
Higher than 76% of 16,861 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
305,754 | 258,865 | 251,040 | 290,400 | 322,872 | |
21/28 |
206,275 | 207,278 | 103,628 | 107,478 | 178,890 | |
22/27 |
181,275 | 182,278 | 91,128 | 94,978 | 166,390 | |
22 |
173,078 | 86,078 | 89,328 | 92,578 | 101,390 | |
23 |
8,197 | 1,200 | 1,800 | 2,400 | - | |
25 |
- | 95,000 | - | - | - | |
27 |
- | - | - | - | 65,000 | |
28 |
25,000 | 25,000 | 12,500 | 12,500 | 12,500 | |
29/58 |
99,478 | 51,587 | 147,412 | 182,922 | 143,983 | |
3 |
40,000 | 29,310 | 29,310 | 86,115 | 117,467 | |
30/36 |
40,000 | 29,310 | 29,310 | 86,115 | 117,467 | |
40/41 |
24,394 | 7,333 | 5,958 | 7,287 | 7,497 | |
41 |
24,394 | 7,333 | 5,958 | 7,287 | 7,497 | |
54/58 |
35,085 | 14,944 | 112,144 | 89,520 | 19,019 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
305,754 | 258,865 | 251,040 | 290,400 | 322,872 | |
10/15 |
164,303 | 131,201 | 108,269 | 87,046 | 78,640 | |
10/11 |
80,000 | 80,000 | 80,000 | 80,000 | 80,000 | |
14 |
84,303 | 51,201 | 28,269 | 7,046 | -1,360 | |
17/49 |
141,451 | 127,664 | 142,771 | 203,354 | 244,232 | |
17 |
92,626 | 97,807 | 102,866 | 157,816 | 177,500 | |
170/4 |
92,626 | 97,807 | 102,866 | 157,816 | 177,500 | |
42/48 |
48,825 | 29,858 | 39,905 | 45,538 | 48,732 | |
42 |
5,809 | 5,687 | 5,569 | 4,815 | - | |
44 |
10,010 | 9,718 | 4,223 | 3,474 | 15,000 | |
440/4 |
10,010 | 9,718 | 4,223 | 3,474 | 15,000 | |
45 |
12,402 | 6,726 | 5,326 | 1,762 | - | |
450/3 |
12,402 | 6,726 | 5,326 | 1,762 | - | |
47/48 |
20,604 | 7,727 | 24,787 | 35,488 | 33,732 | |
492/3 |
- | - | - | - | 18,000 | |
| Income statement | ||||||
76A |
- | - | - | 9,438 | - | |
9900 |
62,362 | 36,656 | 37,179 | 17,580 | 10,809 | |
630 |
9,214 | 3,850 | 3,850 | 3,850 | 4,438 | |
640/8 |
5,175 | 560 | 3,736 | 515 | 7,463 | |
66A |
- | - | 176 | - | - | |
9901 |
47,973 | 32,246 | 29,417 | 13,215 | -1,092 | |
75/76B |
221 | 689 | 43 | - | - | |
75 |
221 | 689 | 43 | - | - | |
65/66B |
2,962 | 3,611 | 2,931 | 3,047 | 267 | |
65 |
2,962 | 3,611 | 2,931 | 3,047 | 267 | |
9903 |
45,232 | 29,324 | 26,529 | 10,168 | -1,360 | |
67/77 |
12,130 | 6,393 | 5,306 | 1,762 | - | |
9904 |
33,102 | 22,932 | 21,223 | 8,406 | -1,360 | |
9905 |
33,102 | 22,932 | 21,223 | 8,406 | -1,360 | |
| Appropriation of the result | ||||||
9906 |
84,303 | 51,201 | 28,269 | 7,046 | -1,360 | |
14P |
51,201 | 28,269 | 7,046 | -1,360 | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00427542.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00427542 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00404524 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00368028 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379003 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20332535 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 57,187 | 36,096 | 33,267 | 17,065 | 3,346 | ||
| 42,316 | 26,782 | 25,073 | 12,256 | 3,079 | ||
| 8,211 | 107,500 | 0 | 3,000 | 183,328 | ||
| 20,141 | -97,200 | 22,624 | 70,502 | - | ||
| 50,653 | 21,729 | 107,507 | 137,384 | 95,251 | ||
| 53.7% | 50.7% | 43.1% | 30.0% | 24.4% | ||
| 2.04 | 1.73 | 3.69 | 4.02 | 2.95 | ||
| 1.22 | 0.75 | 2.96 | 2.13 | 0.54 | ||
| 0.86 | 0.97 | 1.32 | 2.34 | 3.11 | ||
| 20.1% | 17.5% | 19.6% | 9.7% | -1.7% | ||
| 10.8% | 8.9% | 8.5% | 2.9% | -0.4% | ||
| 19.31 | 10.00 | 11.35 | 5.60 | 12.52 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,211 | €95,000 | - | €3,000 | €170,828 |
| Financial fixed assets | - | €12,500 | - | - | €12,500 |
| €9,214 | €3,850 | €3,850 | €3,850 | €4,438 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 49% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total falls from 49.3% to 46.3%. Equity and debt are higher.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| La Paneterie via ALENO SMART BUILDING, at CEGIMO, last mentioned in 2021 · Director · deed of 15-03-2021 founded in 2003 |
total assets €1.5m (2025) |
| Name | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| ALENO SMART BUILDING | 50% | 100% | |||
Source: list of holdings in its own accounts
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 10 July 2020, CEGIMO was incorporated as a private limited company by two natural persons, with a starting capital of €5,000.12 CERRO Gaetano is director of the company, appointed by deed of 14-07-2020.2 Total assets went from €322,872 in 2021 to €305,754 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Rue des Enhauts 50 registered office 7070 Le Roeulx 68110 Buying and selling of own real estate | 10-07-2020 | 2.313.936.087 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55049A0423/00R000 | 966 m² | 1 · 102 m² | 9.2 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0750.478.409
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