CEM & EFE
ActiveThe computed 12-month bankruptcy probability of CEM & EFE is 3.2% (moderate). The 2024 annual accounts show equity of €45k and a net result of €-29k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 36376 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability3▼-80
Solvency57▼-22
Growth55▼-30
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.35 against 2.63 in 2023; short-term debt: 46.8% and cash: 4.4% of total assets), and 68% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32%
Return on assets
-20.5%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
30 d late
2022
80 d late
2021
159 d late
2020
131 d late
2019
96 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€417k▲ 241%
2020 · €123k
2018: €142k
2019: €216k
2020: €123k
2018 → 2021
EBIT margin
7.9%▲ 2.9pp
2020 · 5.0%
2018: 22.3%
2019: 30.5%
2020: 5.0%
2018 → 2021
Net result
€-29k
2023 · €33k
2018: €29k
2019: €61k
2020: €-2
2021: €14k
2022: €13k
2023: €33k
2018 → 2024
Working capital
€23k▼ 84.1%
2023 · €143k
2018: €56k
2019: €98k
2020: €95k
2021: €106k
2022: €118k
2023: €143k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€123k-€417k▲ 241%
Equity€98k-€111k▲ 13.8%€125k▲ 12.1%€158k▲ 26.8%€45k▼ 71.8%
Operating result€6k-€33k▲ 434%€26k▼ 19.9%€55k▲ 108%€-14k
Net result€-2-€14k€13k▼ 0.5%€33k▲ 148%€-29k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14k after €55k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €140k
Fixed assets
€52k▼ 15.8%
Current assets
€88k▼ 61.9%
Equity and liabilities €140k
Equity
€45k▼ 71.8%
Debt
€95k▼ 29.2%
The debt ratio rises from 45.9% to 68.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▼
2023 · €72k
Cash flow
€-11k▼
2023 · €51k
Solvency
32.0%▼
2023 · 54.1%
Current ratio
1.35▼
2023 · 2.63
Quick ratio
1.19▼
2023 · 2.45
Debt / equity
2.13▲
2023 · 0.85
ROE
-64.2%▼
2023 · 21.1%
ROA
-20.5%▼
2023 · 11.4%
Interest coverage
0.39▼
2023 · 18.41
Debt
€95k▼
2023 · €134k
Debt ≤ 1 year
€65k▼
2023 · €88k
Debt > 1 year
€30k▼
2023 · €46k
Income taxes
€6k▼
2023 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€293k€140k▼
Fixed assets21/28€61k€52k▼
Tangible fixed assets22/27€61k€51k▼
Furniture and vehicles24€61k€51k▼
Financial fixed assets28€144€144=
Current assets29/58€231k€88k▼
Stocks and contracts in progress3€15k€10k▼
Stocks30/36€15k€10k▼
Amounts receivable within one year40/41€209k€72k▼
Trade receivables40€142k€63k▼
Other amounts receivable41€67k€8k▼
Cash at bank and in hand54/58€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€293k€140k▼
Equity10/15€158k€45k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€138k€24k▼
Amounts payable17/49€134k€95k▼
Amounts payable after more than one year17€46k€30k▼
Financial debts170/4€46k€30k▼
Amounts payable within one year42/48€88k€65k▼
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€50k€17k▼
Suppliers440/4€50k€17k▼
Taxes, remuneration and social security45€23k€32k▲
Taxes450/3€23k€32k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€7k€10k▲
Gross operating margin9900€80k€13k▼
Operating profit (loss)9901€55k€-14k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€8k▲
Profit (loss) for the period before taxes9903€53k€-22k▼
Income taxes67/77€19k€6k▼
Profit (loss) for the period9904€33k€-29k▼
Profit (loss) for the period to be appropriated9905€33k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€109k▼
Profit (loss) brought forward from the previous period14P€104k€138k▲
Profit to be distributed694/7-€85k
Return on contributions (dividend)694-€85k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-29k ▼186%
Net result drops to €-29k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150kEq €158k ▲26.8%
3 profitable years in a row build equity to €158k.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 159 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 10.49
Current ratio from 3.24 to 10.49; short-term debt falls from €43k to €11k.
31-12
Financial
Equity above €100kEq €111k ▲13.8%
Equity rises from €98k to €111k.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 131 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 96 days late
2019
31-12
Financial
Highest result since 2018net €61k ▲109%
Operating result €66k, net result €61k, both a record.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 64 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 184 days late
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 77 days late
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schaarbeek · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Daillylaan 601030 SchaarbeekGround area
280 m²
Building footprint
191 m²
Volume, LiDAR
2,208 m³
2 parcels, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
-
since 20122.206.588.563
Kubat
since 20212.319.155.776
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0334/00V012 | Brussels | 147 m² | 1 · 120 m² | 18.5 m · 5 fl. |
| 21906D0031/00X003 | Brussels | 133 m² | 1 · 71 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.319.155.776
Similar companies · same sector, comparable size
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ARMAGRO
BE 0734.830.626
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Best Dal
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VE CONTRACTORS
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,446 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2012
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43994Specialised construction activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47252Retail sale of beverages, general range
47260Retail trade
47279Other retail sale of food
47299Retail trade
47620Retail trade
47621Retail sale of newspapers and periodicals
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
92000Gambling and betting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.