CEM'K
ActiveSummary
The annual accounts of CEM'K for fiscal year 2025 show a net loss of 138% of total assets and of 94% of the equity at the start of that year. The 2025 annual accounts show equity of €1,310 and a net result of -€19,119. Equity is shrinking by ~24.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 16% of 32023 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency34▼-47
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 1.99 in 2024; short-term debt: 90.5% and cash: 29.2% of total assets), and 90.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
9.5%
Return on assets
-138%
Age of the figures
9 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€19,119
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
25 d late
2023
on the day
2022
28 d late
2021
31 d late
2020
31 d late
2019
31 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 24 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1,310▼ 93.6%
2024 · €20,429
Total assets
€13,850▼ 61.7%
2024 · €36,185
Net result
-€19,119▲ 22.1%
2024 · -€24,546
Working capital
-€577
2024 · €14,977
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,378-€29,181▼ 43.2%-€3,823▲ 86.9%-€24,275▼ 535%-€18,896▲ 22.2%
Net result-€20,859below the sector's middle half-€29,497below the sector's middle half▼ 41.4%-€4,117below the sector's middle half▲ 86.0%-€24,546below the sector's middle half▼ 496%-€19,119below the sector's middle half▲ 22.1%
Equity€78,589within the sector's middle half▼ 21.0%€49,092within the sector's middle half▼ 37.5%€44,975within the sector's middle half▼ 8.4%€20,429below the sector's middle half▼ 54.6%€1,310below the sector's middle half▼ 93.6%
Total assets€102,058within the sector's middle half▲ 0.9%€69,360below the sector's middle half▼ 32.0%€64,913below the sector's middle half▼ 6.4%€36,185below the sector's middle half▼ 44.3%€13,850below the sector's middle half▼ 61.7%
Debt€23,469▲ 1,294%€20,268▼ 13.6%€19,938▼ 1.6%€15,756▼ 21.0%€12,540▼ 20.4%
Working capital€20,008within the sector's middle half▼ 53.2%-€6,099below the sector's middle half€37,885within the sector's middle half€14,977within the sector's middle half▼ 60.5%-€577below the sector's middle half
Solvency77.0%within the sector's middle half▼ 21.3pp70.8%within the sector's middle half▼ 6.2pp69.3%within the sector's middle half▼ 1.5pp56.5%within the sector's middle half▼ 12.8pp9.5%below the sector's middle half▼ 47.0pp
Current ratio2.73within the sector's middle half▼ 23.690.50below the sector's middle half▼ 2.233.44within the sector's middle half▲ 2.941.99within the sector's middle half▼ 1.450.95below the sector's middle half▼ 1.04
Return on assets (ROA)-20.4%below the sector's middle half▼ 44.9pp-42.5%below the sector's middle half▼ 22.1pp-6.3%below the sector's middle half▲ 36.2pp-67.8%below the sector's middle half▼ 61.5pp-138.0%below the sector's middle half▼ 70.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,896 in 2025 against €24,275 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,850
Fixed assets
€1,887 ▼ 69.0%
Current assets
€11,963 ▼ 60.3%
Equity and liabilities €13,850
Equity
€1,310 ▼ 93.6%
Debt
€12,540 ▼ 20.4%
Debt's share of the balance-sheet total rises from 43.5% to 90.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,697▲
2024 · -€18,856
Cash flow
-€14,920▲
2024 · -€19,127
Debt to equity
9.57▲
2024 · 0.77
Interest coverage
-179.23▼
2024 · -143.94
Debt ≤ 1 year
€12,540▼
2024 · €15,122
Income taxes
€141▲
2024 · €140
A ratio outside any meaningful range has been withheld (balance sheet total €13,850, equity €1,310).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 642 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.5%
stopped otherwise
90%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 642 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,902 | €10,386 | €6,305 | €5,419 | €4,199 | ▼ 22.5% |
| Other operating charges640/8 | €4,612 | €753 | €841 | €840 | €959 | ▲ 14.2% |
| Gross operating margin9900 | -€6,864 | -€18,042 | €3,323 | -€18,016 | -€13,738 | ▲ 23.7% |
| Operating profit (loss)9901 | -€20,378 | -€29,181 | -€3,823 | -€24,275 | -€18,896 | ▲ 22.2% |
| Financial charges65/66B | €361 | €196 | €163 | €131 | €82 | ▼ 37.4% |
| Recurring financial charges65 | €361 | €196 | €163 | €131 | €82 | ▼ 37.4% |
| Profit (loss) for the period before taxes9903 | -€20,739 | -€29,377 | -€3,986 | -€24,406 | -€18,978 | ▲ 22.2% |
| Income taxes67/77 | €120 | €120 | €131 | €140 | €141 | ▲ 0.7% |
| Profit (loss) for the period9904 | -€20,859 | -€29,497 | -€4,117 | -€24,546 | -€19,119 | ▲ 22.1% |
| Profit (loss) for the period to be appropriated9905 | -€20,859 | -€29,497 | -€4,117 | -€24,546 | -€19,119 | ▲ 22.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,058 | €69,360 | €64,913 | €36,185 | €13,850 | ▼ 61.7% |
| Formation expenses20 | - | - | €949 | - | - | - |
| Fixed assets21/28 | €70,458 | €63,354 | €10,556 | €6,086 | €1,887 | ▼ 69.0% |
| Tangible fixed assets22/27 | €70,458 | €63,354 | €10,556 | €6,086 | €1,887 | ▼ 69.0% |
| Land and buildings22 | €50,393 | €46,624 | €10,556 | - | - | - |
| Furniture and vehicles24 | €20,065 | €16,730 | - | €6,086 | €1,887 | ▼ 69.0% |
| Current assets29/58 | €31,600 | €6,006 | €53,408 | €30,099 | €11,963 | ▼ 60.3% |
| Amounts receivable within one year40/41 | €1,451 | €1,310 | €1,027 | €628 | €7,921 | ▲ 1,161% |
| Trade receivables40 | €145 | €145 | €145 | €145 | €7,595 | ▲ 5,138% |
| Other amounts receivable41 | €1,306 | €1,165 | €882 | €483 | €326 | ▼ 32.5% |
| Cash at bank and in hand54/58 | €30,149 | €4,696 | €52,381 | €29,471 | €4,042 | ▼ 86.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,058 | €69,360 | €64,913 | €36,185 | €13,850 | ▼ 61.7% |
| Equity10/15 | €78,589 | €49,092 | €44,975 | €20,429 | €1,310 | ▼ 93.6% |
| Contributions10/11 | €6,200 | €6,200 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €18,586 | €18,586 | €16,726 | €16,726 | €16,726 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €16,726 | €16,726 | €16,726 | €16,726 | €16,726 | = |
| Profit (loss) carried forward14 | €53,803 | €24,306 | €20,189 | -€4,357 | -€23,476 | ▼ 439% |
| Amounts payable17/49 | €23,469 | €20,268 | €19,938 | €15,756 | €12,540 | ▼ 20.4% |
| Amounts payable after more than one year17 | €11,877 | €8,163 | €4,415 | €634 | - | - |
| Financial debts170/4 | €11,877 | €8,163 | €4,415 | €634 | - | - |
| Amounts payable within one year42/48 | €11,592 | €12,105 | €15,523 | €15,122 | €12,540 | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | €3,681 | €3,714 | €3,748 | €3,782 | €634 | ▼ 83.2% |
| Trade debts44 | €379 | €75 | €298 | €164 | €72 | ▼ 56.1% |
| Suppliers440/4 | €379 | €75 | €298 | €164 | €72 | ▼ 56.1% |
| Taxes, remuneration and social security45 | €120 | €120 | €131 | €140 | €141 | ▲ 0.7% |
| Taxes450/3 | €120 | €120 | €131 | €140 | €141 | ▲ 0.7% |
| Other amounts payable47/48 | €7,412 | €8,196 | €11,346 | €11,036 | €11,693 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,859 | -€29,497 | -€4,117 | -€24,546 | -€19,119 | ▲ 22.1% |
| + Depreciation and write-downs630 | €8,902 | €10,386 | €6,305 | €5,419 | €4,199 | ▼ 22.5% |
| Operating cash flow (approximation) | -€11,957 | -€19,111 | €2,188 | -€19,127 | -€14,920 | ▲ 22.0% |
| Investment in fixed assets (approximation) | - | -€3,282 | €46,493 | -€949 | €0 | ▲ 100% |
| Change in cash | - | -€25,453 | €47,685 | -€22,910 | -€25,429 | ▼ 11.0% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 7current ratio 3.44
Current ratio from 0.50 to 3.44.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€29,497
Net result drops to -€29,497, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €24,737
Net result €24,737 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Koekelberg · 1 establishment unit since 2013
Ground area
345 m²
Building footprint
98 m²
Volume, LiDAR
1,116 m³
Parcel 21492B0071/00S009, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CEM'K
since 20132.223.875.349
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0071/00S009 | Brussels | 345 m² | 1 · 98 m² | 16.3 m · 4 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.
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Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. 5,892 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
Founded12-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
32990Other manufacturing not elsewhere classified
43990Other specialised construction activities
71113Urban planning and landscape architecture
74130Interior design
81300Landscape service activities
Contact
E-mail
ckirbas70@gmail.comKoekelberg
Phone
010/618718Koekelberg
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541803990
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.