CEMABO
ActiveSummary
CEMABO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €325k and a net result of €21k. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-47
Solvency42▼-58
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 4.16 against 42.61 in 2024; short-term debt: 2.8% and cash: 0.1% of total assets), but 82.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 →
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
17.3%
Return on assets
1.1%
Age of the figures
12 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3200 sector peers (2025).
NBB · sector comparisonPosition among 3200 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 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
27 d late
2024
23 d late
2023
1 d early
2022
3 d early
2021
2 d late
2020
2 d early
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 35.9%
2024 · €32k
2018: €39lowest in 8 years
2019: €61k▲ +157374% vs 2018
2020: €60k▼ -1.2% vs 2019
2021: €34k▼ -43.0% vs 2020
2022: €44k▲ +28.8% vs 2021
2023: €84k▲ +89.9% vs 2022highest in 8 years
2024: €32k▼ -61.2% vs 2023
2025: €21k▼ -35.9% vs 2024
2018 → 2025
Working capital
€165k▼ 46.0%
2024 · €306k
2018: €4klowest in 8 years
2019: €64k▲ +1572% vs 2018
2020: €121k▲ +89.1% vs 2019
2021: €122k▲ +1.1% vs 2020
2022: €173k▲ +41.4% vs 2021
2023: €265k▲ +53.3% vs 2022
2024: €306k▲ +15.6% vs 2023highest in 8 years
2025: €165k▼ -46.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€203k▲ 27.8%€286k▲ 41.3%€319k▲ 11.3%€325k▲ 2.0%
2021: €159klowest in 5 years
2022: €203k▲ +27.8% vs 2021
2023: €286k▲ +41.3% vs 2022
2024: €319k▲ +11.3% vs 2023
2025: €325k▲ +2.0% vs 2024highest in 5 years
Operating result€49k-€63k▲ 28.4%€115k▲ 84.0%€55k▼ 52.2%€734▼ 98.7%
2021: €49k
2022: €63k▲ +28.4% vs 2021
2023: €115k▲ +84.0% vs 2022highest in 5 years
2024: €55k▼ -52.2% vs 2023
2025: €734▼ -98.7% vs 2024lowest in 5 years
Net result€34k-€44k▲ 28.8%€84k▲ 89.9%€32k▼ 61.2%€21k▼ 35.9%
2021: €34k
2022: €44k▲ +28.8% vs 2021
2023: €84k▲ +89.9% vs 2022highest in 5 years
2024: €32k▼ -61.2% vs 2023
2025: €21k▼ -35.9% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€1.66M ▲ 12,119%
Current assets
€218k ▼ 30.6%
Equity and liabilities €1.88M
Equity
€325k ▲ 2.0%
Debt
€1.55M ▲ 18,209%
Debt's share of the balance-sheet total rises from 2.6% to 82.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▼
2024 · €64k
Cash flow
€30k▼
2024 · €41k
Current ratio
4.16▼
2024 · 42.61
Debt to equity
4.77▲
2024 · 0.03
ROE
6.4%▼
2024 · 10.2%
ROA
1.1%▼
2024 · 9.9%
Interest coverage
0.35▼
2024 · 4.72
Debt ≤ 1 year
€52k▲
2024 · €7k
Debt > 1 year
€1.49M
Income taxes
€2k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€327k€1.88M▲
Fixed assets21/28€14k€1.66M▲
Tangible fixed assets22/27€14k€6k▼
Furniture and vehicles24€13k€6k▼
Other tangible fixed assets26€1k€687▼
Financial fixed assets28-€1.65M
Current assets29/58€314k€218k▼
Amounts receivable within one year40/41€75k€112k▲
Trade receivables40€30k€14k▼
Other amounts receivable41€46k€98k▲
Current investments50/53€226k€97k▼
Cash at bank and in hand54/58€11k€2k▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€327k€1.88M▲
Equity10/15€319k€325k▲
Contributions10/11€50k€50k=
Reserves13€269k€275k▲
Distributable reserves133€269k€275k▲
Amounts payable17/49€8k€1.55M▲
Amounts payable after more than one year17-€1.49M
Financial debts170/4-€588k
Other amounts payable178/9-€900k
Amounts payable within one year42/48€7k€52k▲
Current portion of amounts payable after more than one year42-€48k
Trade debts44€434€26▼
Suppliers440/4€434€26▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48€199-
Accrued charges and deferred income492/3€1k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€65k€11k▼
Operating profit (loss)9901€55k€734▼
Financial income75/76B€5k€50k▲
Recurring financial income75€5k€50k▲
Financial charges65/66B€14k€27k▲
Recurring financial charges65€14k€27k▲
Profit (loss) for the period before taxes9903€47k€23k▼
Income taxes67/77€14k€2k▼
Profit (loss) for the period9904€32k€21k▼
Profit (loss) for the period to be appropriated9905€32k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€21k▼
Transfer from equity791/2-€14k
Transfer to equity691/2€32k€21k▼
To other reserves6921€32k€21k▼
Profit to be distributed694/7-€14k
Return on contributions (dividend)694-€14k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €9k | €9k | €9k | €9k | ▼ 1.0% |
| Other operating charges640/8 | €3k | €998 | €1k | €1k | €1k | ▼ 1.0% |
| Gross operating margin9900 | €57k | €72k | €125k | €65k | €11k | ▼ 83.5% |
| Operating profit (loss)9901 | €49k | €63k | €115k | €55k | €734 | ▼ 98.7% |
| Financial income75/76B | - | - | €5k | €5k | €50k | ▲ 862% |
| Recurring financial income75 | - | - | €5k | €5k | €50k | ▲ 862% |
| Financial charges65/66B | €45 | €40 | €521 | €14k | €27k | ▲ 99.5% |
| Recurring financial charges65 | €45 | €40 | €521 | €14k | €27k | ▲ 99.5% |
| Profit (loss) for the period before taxes9903 | €49k | €63k | €119k | €47k | €23k | ▼ 50.3% |
| Income taxes67/77 | €15k | €19k | €35k | €14k | €2k | ▼ 83.3% |
| Profit (loss) for the period9904 | €34k | €44k | €84k | €32k | €21k | ▼ 35.9% |
| Profit (loss) for the period to be appropriated9905 | €34k | €44k | €84k | €32k | €21k | ▼ 35.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163k | €220k | €326k | €327k | €1.88M | ▲ 474% |
| Fixed assets21/28 | €36k | €30k | €22k | €14k | €1.66M | ▲ 12,119% |
| Tangible fixed assets22/27 | €36k | €30k | €22k | €14k | €6k | ▼ 53.1% |
| Furniture and vehicles24 | €36k | €28k | €21k | €13k | €6k | ▼ 54.6% |
| Other tangible fixed assets26 | - | €2k | €1k | €1k | €687 | ▼ 36.2% |
| Financial fixed assets28 | - | - | - | - | €1.65M | - |
| Current assets29/58 | €127k | €189k | €304k | €314k | €218k | ▼ 30.6% |
| Amounts receivable within one year40/41 | €6k | €16k | €122k | €75k | €112k | ▲ 48.3% |
| Trade receivables40 | €3k | €7k | €71k | €30k | €14k | ▼ 52.7% |
| Other amounts receivable41 | €3k | €9k | €52k | €46k | €98k | ▲ 114% |
| Current investments50/53 | - | - | €100k | €226k | €97k | ▼ 56.8% |
| Cash at bank and in hand54/58 | €119k | €173k | €78k | €11k | €2k | ▼ 77.4% |
| Deferred charges and accrued income490/1 | €2k | €176 | €4k | €2k | €6k | ▲ 206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163k | €220k | €326k | €327k | €1.88M | ▲ 474% |
| Equity10/15 | €159k | €203k | €286k | €319k | €325k | ▲ 2.0% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Capital10 | €50k | €50k | €50k | - | - | - |
| Issued capital100 | €50k | €50k | €50k | - | - | - |
| Reserves13 | €109k | €153k | €236k | €269k | €275k | ▲ 2.4% |
| Non-distributable reserves130/1 | €50 | €50 | €50 | - | - | - |
| Legal reserve130 | €50 | €50 | €50 | - | - | - |
| Distributable reserves133 | €109k | €153k | €236k | €269k | €275k | ▲ 2.4% |
| Amounts payable17/49 | €4k | €17k | €40k | €8k | €1.55M | ▲ 18,209% |
| Amounts payable after more than one year17 | - | - | - | - | €1.49M | - |
| Financial debts170/4 | - | - | - | - | €588k | - |
| Other amounts payable178/9 | - | - | - | - | €900k | - |
| Amounts payable within one year42/48 | €4k | €16k | €39k | €7k | €52k | ▲ 610% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €48k | - |
| Trade debts44 | €1k | €5k | €3k | €434 | €26 | ▼ 94.0% |
| Suppliers440/4 | €1k | €5k | €3k | €434 | €26 | ▼ 94.0% |
| Taxes, remuneration and social security45 | €3k | €4k | €25k | €7k | €4k | ▼ 40.7% |
| Taxes450/3 | €3k | €4k | €25k | €7k | €4k | ▼ 40.7% |
| Other amounts payable47/48 | - | €8k | €11k | €199 | - | - |
| Accrued charges and deferred income492/3 | - | €540 | €959 | €1k | €12k | ▲ 976% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €44k | €84k | €32k | €21k | ▼ 35.9% |
| + Depreciation and write-downs630 | €5k | €9k | €9k | €9k | €9k | ▼ 1.0% |
| Operating cash flow (approximation) | €39k | €53k | €93k | €41k | €30k | ▼ 28.4% |
| Investment in fixed assets (approximation) | - | €-3k | €-1k | €-331 | €-1.66M | ▼ 500,879% |
| Change in cash | - | €54k | €-95k | €-67k | €-8k | ▲ 87.6% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
30-09
Financial
Liquidity times 5current ratio 42.61
Current ratio from 7.76 to 42.61; short-term debt falls from €39k to €7k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €84k ▲89.9%
Operating result €115k, net result €84k, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €200kEq €203k ▲27.8%
5 profitable years in a row build equity to €203k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Liquidity triplescurrent ratio 30.43
Current ratio from 9.83 to 30.43; short-term debt falls from €14k to €4k.
30-09
Financial
Equity above €150kEq €159k ▲27.5%
4 profitable years in a row build equity to €159k.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €124k ▲93.2%
3 profitable years in a row build equity to €124k.
Show earlier events
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
30-09
Financial
Liquidity times 5current ratio 5.80
Current ratio from 1.24 to 5.80; short-term debt falls from €16k to €13k.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 38 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, Waimes · 1 establishment unit since 2011
Ground area
2,141 m²
Building footprint
209 m²
Volume, LiDAR
1,189 m³
Parcel 63080G0226/00F000, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CEMABO
since 20112.197.564.791
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080G0226/00F000 | Wallonia | 2,141 m² | 1 · 209 m² | 10.6 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,667 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 (pre-2019)
Founded15-12-2010
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.