Checked.be
Active
BE 1002.654.950Private limited company
CEM23
Ijskelderstraat 192 ·9000 Gent, Belgium· 2 yrs active
Sector: On-demand passenger transport by chauffeured vehicle
(49330)
Conclusion
The computed 12-month bankruptcy probability of CEM23 is 5.6% (elevated). The 2025 annual accounts show negative equity (€-9k) and a net result of €-15k. Its solvency ranks better than 8% of 4269 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €-9k |
| Net result | €-15k |
| Better than sector | 8% |
| Active | 2 yrs |
Financial profile
51
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
7
Profitability
100
Solvency
33
Growth
32
Stability
82
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
7
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
45
2024
7
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.07 (< 1.0)
-10
Quick ratio
Quick ratio 0.07 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 173% (≥ 10%)
+10
Interest coverage
Interest coverage -46.8× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -41.6% | 39.2% | |
| Net result | €-15k | €6k | |
| Equity | €-9k | €37k | |
| Gross operating margin | €-8k | €40k | |
| Total assets | €21k | €113k |
€-9k
-
24-25
€-15k
-
24-25
€-9k
-
24-25
€21k
-17.1%
24-25
€-9k
-
24-25
€-28k
-50.9%
24-25
€-88
-
24-25
€30k
+57.3%
24-25
€30k
+57.3%
24-25
0.07
+118.3%
24-25
0.07
+118.3%
24-25
-41.6%
-
24-25
-3.40
-
24-25
173.3%
+656.7%
24-25
-72.1%
-
24-25
-46.77
-
24-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 |
|---|---|---|
| Deposit | micro schema | micro schema |
| Revenue | - | - |
| EBITDA | €-9k | - |
| Net profit | €-15k | €1k |
| Cash flow | €-9k | - |
| Staff costs | - | - |
| Income taxes | €-88 | €439 |
| Dividends | - | - |
| Total assets | €21k | €26k |
| Equity | €-9k | €6k |
| Debt | €30k | €19k |
| of which ≤ 1y | €30k | €19k |
| of which > 1y | - | - |
| Working capital | €-28k | €-19k |
| Employees (FTE) | - | - |
Ratios (computed)
| 2025 | 2024 | |
|---|---|---|
| Current ratio | 0.07 | 0.03 |
| Quick ratio | 0.07 | 0.03 |
| Working capital ratio | -131.4% | -72.2% |
| Solvency | -41.6% | 25.3% |
| Debt / equity | -3.40 | 2.95 |
| Long-term debt ratio | - | - |
| Interest coverage | -46.77 | - |
| Gross margin | - | - |
| Net margin | - | - |
| ROA | -72.1% | 5.8% |
| ROE | 173.3% | 22.9% |
| EBITDA margin | - | - |
| Days sales outstanding | - | - |
| Days payable outstanding | - | 26d |
| Inventory turnover | - | - |
| Days inventory (DSI) | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 |
|---|---|---|---|
| Balance sheet, Assets | |||
| TOTAL ASSETS | 20/58 | €21k | €26k |
| Fixed assets | 21/28 | €19k | €24k |
| Formation expenses | 20 | - | €1k |
| Tangible fixed assets | 22/27 | €19k | €24k |
| Current assets | 29/58 | €2k | €635 |
| Amounts receivable within one year | 40/41 | €2k | €490 |
| Cash & bank | 54/58 | €18 | €145 |
| Balance sheet, Equity & liabilities | |||
| TOTAL EQUITY & LIABILITIES | 10/49 | €21k | €26k |
| Equity | 10/15 | €-9k | €6k |
| Contributions / capital | 10/11 | €5k | €5k |
| Accumulated profits (losses) | 14 | €-14k | €1k |
| Amounts payable | 17/49 | €30k | €19k |
| Amounts payable within one year | 42/48 | €30k | €19k |
| Trade debts payable within one year | 44 | €1k | €1k |
| Income statement | |||
| Gross operating margin | 9900 | €-8k | €2k |
| Operating result | 9901 | €-15k | €2k |
| Financial income | 75 | - | €0 |
| Financial charges | 65 | €199 | €70 |
| Result before taxes | 9903 | €-15k | €2k |
| Income taxes | 67/77 | €-88 | €439 |
| Net result for the period | 9904 | €-15k | €1k |
| Result to be appropriated | 9905 | €-15k | €1k |
Directors & mandates
Current directors & mandates
-
Murat YilmazDirectorState Gazette act 26048584 (10-04-2026)Current31-03-2026 → present
Former directors (1)
-
Cem YilmazDirectorState Gazette act 26048584 (10-04-2026)Former- → 10-04-2026
2 events
- 10-04-2026 Resigned· Director
- 31-03-2026 Resigned· Director
Legal Structure
| NACE primary | On-demand passenger transport by chauffeured vehicle(49330) |
| Legal form | Private limited company(610) |
| Incorporation | 24-11-2023 |
| Status | Active |
| Postal code | 9000 |
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0077/00F004 | Flanders | 163 m² | 1 · 147 m² | 14.5 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
10-04
State Gazette act
Capital & shares
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2023
28-11
State Gazette act
Incorporation
oprichting
State Gazette actNBB filing
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 1
10-04-2026
Capital change
All acts · 2
updated 4 months ago
2026
10-04-2026 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "eenhoofdigheid_declaration",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-04-10",
"filing_date": "2026-03-31",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"act_date": "2026-03-31",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "1002.654.950",
"name_full": "CEM23",
"legal_form": "B.V.",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": null,
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "Murat Yilmaz",
"role": "aandeelhouder",
"n_shares": 100,
"share_class": "alg. verg."
},
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "Cem Yilmaz",
"role": "simple_associ\u00E9",
"n_shares": null,
"share_class": null
}
],
"share_classes_after": [
{
"n_shares": 100,
"class_name": "alg. verg.",
"capital_share_eur": null,
"voting_rights_per_share": 1.0
}
]
}2023
28-11-2023 Incorporation of a new BV
Summary:
oprichting
Technical details
{
"kind": "oprichting",
"seat": "9000 Gent, Ijskelderstraat 192 bus 201",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1985-01-01",
"name": "YILMAZ Cem",
"niss": null,
"address": "9000 Gent, Ijskelderstraat 192 bus 0201"
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 5000,
"holder_person_name": "YILMAZ Cem",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "1002.654.950",
"name_full": "CEM23",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2023-11-24",
"post_incorporation_mandates": []
}Credit advice
Company registry (CBE)
Activities
Taxi operation49320On-demand passenger transport by chauffeured vehicle49330
Names & trade names
| Legal nameNL | CEM23 |
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