Ceiso
ActiveSummary
Ceiso has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €563,585 and a net result of -€15,626. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 94% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-58
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 9.82 against 11.37 in 2024; short-term debt: 8.5% and cash: 0.5% of total assets), and 8.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
91.5%
Return on assets
-2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
23 d early
2023
59 d late
2022
25 d early
2021
24 d early
2020
31 d late
2019
4 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 7 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€563,585▼ 2.7%
2024 · €579,211
Total assets
€616,035▼ 2.0%
2024 · €628,789
Net result
-€15,626
2024 · €27,694
Working capital
€462,526▼ 3.3%
2024 · €478,291
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€14,867▼ 90.8%€2,865▼ 80.7%€107,871▲ 3,665%€29,927▼ 72.3%-€26,649
Net result€15,456▼ 86.6%€7,047▼ 54.4%€80,490▲ 1,042%€27,694▼ 65.6%-€15,626
Equity€463,980▼ 34.5%€471,027▲ 1.5%€551,517▲ 17.1%€579,211▲ 5.0%€563,585▼ 2.7%
Total assets€869,544▲ 1.0%€523,929▼ 39.7%€578,572▲ 10.4%€628,789▲ 8.7%€616,035▼ 2.0%
Debt€405,565▲ 166%€52,902▼ 87.0%€27,055▼ 48.9%€49,578▲ 83.2%€52,451▲ 5.8%
Working capital€358,270▼ 41.1%€366,788▲ 2.4%€448,966▲ 22.4%€478,291▲ 6.5%€462,526▼ 3.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26,649 after €29,927 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €616,035
Fixed assets
€101,059 ▼ 3.2%
Current assets
€514,977 ▼ 1.8%
Equity and liabilities €616,035
Equity
€563,585 ▼ 2.7%
Debt
€52,451 ▲ 5.8%
Debt's share of the balance-sheet total rises from 7.9% to 8.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€22,054▼
2024 · €36,091
Cash flow
-€11,032▼
2024 · €33,859
Current ratio
9.82▼
2024 · 11.37
Quick ratio
4.87▼
2024 · 11.33
Debt to equity
0.09▲
2024 · 0.09
ROE
-2.8%▼
2024 · 4.8%
ROA
-2.5%▼
2024 · 4.4%
Interest coverage
-22.05▼
2024 · 29.42
Debt ≤ 1 year
€52,451▲
2024 · €46,141
Debt > 1 year
€0▼
2024 · €3,438
Income taxes
-€33▼
2024 · €11,090
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 | €1,807 | €6,164 | €6,164 | €6,164 | €4,594 | ▼ 25.5% |
| Other operating charges640/8 | €1,859 | €2,026 | €960 | €387 | €403 | ▲ 4.0% |
| Gross operating margin9900 | €18,533 | €11,055 | €114,995 | €36,479 | -€21,652 | ▼ 159% |
| Operating profit (loss)9901 | €14,867 | €2,865 | €107,871 | €29,927 | -€26,649 | ▼ 189% |
| Financial income75/76B | €10,232 | €10,361 | €6,684 | €10,084 | €11,990 | ▲ 18.9% |
| Recurring financial income75 | €10,232 | €10,361 | €6,684 | €10,084 | €11,990 | ▲ 18.9% |
| Financial charges65/66B | €3,406 | €2,924 | €1,520 | €1,227 | €1,000 | ▼ 18.5% |
| Recurring financial charges65 | €3,406 | €2,924 | €1,520 | €1,227 | €1,000 | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €21,693 | €10,301 | €113,034 | €38,784 | -€15,659 | ▼ 140% |
| Income taxes67/77 | €6,236 | €3,254 | €32,544 | €11,090 | -€33 | ▼ 100% |
| Profit (loss) for the period9904 | €15,456 | €7,047 | €80,490 | €27,694 | -€15,626 | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | €15,456 | €7,047 | €80,490 | €27,694 | -€15,626 | ▼ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €869,544 | €523,929 | €578,572 | €628,789 | €616,035 | ▼ 2.0% |
| Fixed assets21/28 | €122,850 | €116,686 | €110,521 | €104,357 | €101,059 | ▼ 3.2% |
| Tangible fixed assets22/27 | €22,850 | €16,686 | €10,521 | €4,357 | €1,059 | ▼ 75.7% |
| Furniture and vehicles24 | €22,850 | €16,686 | €10,521 | €4,357 | €1,059 | ▼ 75.7% |
| Financial fixed assets28 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Current assets29/58 | €746,694 | €407,243 | €468,050 | €524,432 | €514,977 | ▼ 1.8% |
| Amounts receivable after more than one year29 | €517,000 | €307,000 | €257,000 | €0 | - | - |
| Other amounts receivable291 | €517,000 | €307,000 | €257,000 | €0 | - | - |
| Stocks and contracts in progress3 | €160,050 | €74,743 | €20,807 | €1,601 | €259,773 | ▲ 16,131% |
| Stocks30/36 | €160,050 | €74,743 | €20,807 | €1,601 | €259,773 | ▲ 16,131% |
| Amounts receivable within one year40/41 | €2,556 | €8,634 | €140,308 | €218,293 | €240,258 | ▲ 10.1% |
| Trade receivables40 | - | - | €102,846 | €0 | - | - |
| Other amounts receivable41 | €2,556 | €8,634 | €37,462 | €218,293 | €240,258 | ▲ 10.1% |
| Current investments50/53 | €363 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €64,647 | €16,413 | €45,924 | €304,538 | €2,956 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €2,079 | €452 | €4,012 | €0 | €11,989 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €869,544 | €523,929 | €578,572 | €628,789 | €616,035 | ▼ 2.0% |
| Equity10/15 | €463,980 | €471,027 | €551,517 | €579,211 | €563,585 | ▼ 2.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €451,580 | €458,627 | €539,117 | €566,811 | €566,811 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €449,720 | €456,767 | €539,117 | €566,811 | €566,811 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€15,626 | - |
| Amounts payable17/49 | €405,565 | €52,902 | €27,055 | €49,578 | €52,451 | ▲ 5.8% |
| Amounts payable after more than one year17 | €16,867 | €12,447 | €7,971 | €3,438 | €0 | ▼ 100% |
| Financial debts170/4 | €16,867 | €12,447 | €7,971 | €3,438 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €388,424 | €40,455 | €19,084 | €46,141 | €52,451 | ▲ 13.7% |
| Current portion of amounts payable after more than one year42 | €4,364 | €4,420 | €4,476 | €4,533 | €3,438 | ▼ 24.2% |
| Financial debts43 | €115,500 | €27,555 | - | - | €6,054 | - |
| Credit institutions430/8 | €115,500 | €27,555 | - | - | €6,054 | - |
| Trade debts44 | €2,084 | €3,419 | €2,634 | €2,498 | €2,545 | ▲ 1.9% |
| Suppliers440/4 | €2,084 | €3,419 | €2,634 | €2,498 | €2,545 | ▲ 1.9% |
| Taxes, remuneration and social security45 | €2,267 | €1,560 | €11,173 | €38,132 | €1,677 | ▼ 95.6% |
| Taxes450/3 | €2,267 | €1,560 | €11,173 | €38,132 | €1,677 | ▼ 95.6% |
| Other amounts payable47/48 | €264,209 | €3,502 | €802 | €977 | €38,737 | ▲ 3,865% |
| Accrued charges and deferred income492/3 | €274 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,456 | €7,047 | €80,490 | €27,694 | -€15,626 | ▼ 156% |
| + Depreciation and write-downs630 | €1,807 | €6,164 | €6,164 | €6,164 | €4,594 | ▼ 25.5% |
| Operating cash flow (approximation) | €17,263 | €13,211 | €86,654 | €33,859 | -€11,032 | ▼ 133% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,296 | - |
| Change in cash | - | -€48,233 | €29,511 | €258,614 | -€301,582 | ▼ 217% |
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€15,626
Net result drops to -€15,626, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 24.53
Current ratio from 10.07 to 24.53; short-term debt falls from €40,455 to €19,084.
31-12
Financial
Equity above €500,000Eq €551,517 ▲17.1%
6 profitable years in a row build equity to €551,517.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 5current ratio 10.07
Current ratio from 1.92 to 10.07; short-term debt falls from €388,424 to €40,455.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Highest result since 2018net €209,359 ▲91.2%
Operating result €309,272, net result €209,359, both a record.
Show earlier events
31-12
Financial
Liquidity quadruplescurrent ratio 14.08
Current ratio from 3.93 to 14.08; short-term debt falls from €131,534 to €45,362.
31-12
Financial
Equity above €500,000Eq €593,146 ▲53.9%
2 profitable years in a row build equity to €593,146.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Meise · 1 establishment unit since 2005
Ground area
6,324 m²
Building footprint
1,728 m²
Volume, LiDAR
7,294 m³
Parcel 23050D0543/00D000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Isodak +
since 20052.147.744.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050D0543/00D000 | Flanders | 6,323 m² | 1 · 1,728 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,800 EUR awarded · 1,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,800 EUR | 1,800 EUR |
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,472. 2,230 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.