Financials
- Fiscal year
- 2025
- Turnover
- €3.0m
- Profit
- €73,386
- Solvency
- 2.3%
Turnover▲ 4.3%
Net result
20182025
CEGWA
ActiveSummary
The computed 12-month bankruptcy probability of CEGWA is 1.9% (moderate). The 2025 annual accounts show equity of €20,637 and a net result of €73,386. Equity is shrinking by ~14.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 9% of 2204 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Screed work
NACE 43422NACE 43996
1 site
How big
€3.0mturnover 2025
- Staff
- 21 FTE
- Equity
- €20,637
- Profit
- €73,386
Who decides
Accounts 140 d early0 of 2 deeds read
Why 53- 1 of the last 3 late- Equity €20,637 (2.3% of total assets)- Size: turnover €3.0m, 21 FTE, total assets €882,952- Sector Specialised construction activities (NACE 43)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 29% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
27+7
equity 2.3% of total assets
Liquidity
15+8
short-term debt 81.1% · cash 7.9%
Profitability
52+28
return on assets 8.3%
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
- 1 of the last 3 late raises the probability
- Equity €20,637 (2.3% of total assets) raises the probability
- Size: turnover €3.0m, 21 FTE, total assets €882,952 raises the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.8 in 2024; short-term debt: 81.1% and cash: 7.9% of total assets), and 97.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 4%, liquidity 7%, profitability 24%, growth against the median 78%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2204 sector peers (2025).
NBB · sector comparisonPosition among 2204 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-03-2026, 140 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
140 d early
2024
57 d late
2023
61 d early
2022
53 d late
2021
6 d early
2020
58 d late
2019
59 d late
← 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 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 July (4 of the last 5 filed years within 63 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Back to profitnet €73,386
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2019
- Next accounts
- by 31-07-2027
- 13-03-2026Annual accounts filed
- 31-12-2025Back to profit
- 26-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Screed workNACE 43422
- Founded
- 27-06-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check 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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.