Turnover
≈ €230,000 estimated
The micro format states no turnover.
CEK
Lifetime
13 annual accounts with figures on one time axispeak €182,383 (2023)
€94,786▼ 39.2%
lowest -€42,134 (2021)
€2,619▼ 87.9%
peak €58,980 (2025)
€58,980▲ 4.6%
€874,000▼ 3.9%
peak 1.3 FTE (2019)
-not published
Board3 names since 2021
2 directorsKaraman Caner and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €155,942 to €94,786Result from €21,685 to €2,619Appointment: SHALA ARTON (director) 29-04Resignation: SHALA ARTON (director) 29-04
Key points
from the 2025 annual accountsChecked score
79
Excellent
Financially stronger than 33% of micro companies in repair of computers and personal goods (NACE 95)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 5,138 companies (NACE 95, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.3 percentage points vs 08-2025
10-2025: 2.1%▲ +0.9 percentage points vs 09-2025highest value
11-2025: 0.5%▼ -1.6 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.4 percentage points vs 07-2026
09-2026: 0.5%▼ -0.5 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Equity €58,980 (6.3% of total assets)
lowers risk
Size: total assets €932,980
Founded in 2012
Calculation
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 95, micro). It does better than 20% of them on solvency, 44% on liquidity, 25% on profitability and 44% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 1,448 companies had the same profile as CEK has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CEK itself: 0.5% within 12 months.
Test of the method
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 1,448 companies, not a prediction for CEK. 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.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.55 in 2024), below 1. Short-term debt is 22.8% and cash 6% of total assets. 93.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3328 sector peers (2025).
NBB · sector comparisonPosition among 3328 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
57 days late
2023
12 days early
2022
28 days late
2021
26 days late
2020
81 days late
2019
33 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0849837586
Appointment: SHALA ARTON (director)
General meeting of 25-03-2025 · Gazette deed
Resignation: SHALA ARTON (director)
Director discharge: SHALA ARTON · General meeting of 20-02-2025 · Gazette deed
Appointment: Shala Arton (additional director)
General meeting of 01-01-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CEK Maasmechelen | €0.9m | €94,786 | 6.3% | - |
| Davy Sneppe Zedelgem | €0.7m | €87,050 | 34.9% | - |
| CARROSSERIE VERHOYE Waregem | €1.2m | €89,342 | 79.4% | - |
| Hans De Croix Diksmuide | €0.8m | €107,703 | 18.7% | - |
| Carrosserie Goemckaert Gistel | €0.6m | €156,055 | 56.8% | - |
| CARROSSERIE MICHIELS Vilvoorde | €0.5m | €80,682 | 20.0% | - |
| CRASHCARS Zonhoven | €1.0m | €50,010 | 32.8% | - |
These companies have the same main activity as CEK: bodywork repair (including spraying and painting) (NACE 95314). They are comparable in size and age: total assets between €531,000 and €1.2m, founded between 2004 and 2017.
Official details
Source: KBO- Status
- Active since 17-10-2012Normal situation
- Activity
- Bodywork repair (including spraying and painting)NACE 95314and 2 others
- Establishment unit
- 2.214.031.0373630 Maasmechelen, since 23-10-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Insights on CEK
CEK files the micro format. That format states no turnover. The gross margin rose from €60,183 in 2013 to €94,786 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CEK
- What is the company number of CEK?
- The company number of CEK is 0849.837.586. The VAT number is the same number with BE in front: BE 0849.837.586.
- Where is CEK based?
- The registered office is at Industrielaan 23, 3630 Maasmechelen.Company details
- What does CEK do?
- According to the KBO register, the main activity is bodywork repair (including spraying and painting) (NACE 95314).
- What is the legal form of CEK?
- CEK is a private limited company (BV).
- When was CEK founded?
- CEK was founded on 17-10-2012.
- Is CEK still active?
- Yes, CEK is an active enterprise in the KBO register.
- How many employees does CEK have?
- CEK had an average of 1.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of CEK?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €94,786 and 33 comparable companies (NACE 953). It probably lies between €170,000 and €310,000.
- Is CEK profitable?
- In financial year 2025, CEK made a profit of €2,619.
- Where can I find the annual accounts of CEK?
- CEK filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CEK due?
- CEK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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