CEMACOM
ActiveSummary
CEMACOM has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,550 and a net result of €12,086. Equity has been growing by about 5.8% per year since 2019. Its solvency ranks better than 51% of 13,749 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-01-1990 Normal situation
- Activity
- Agents specialised in the wholesale of other particular products NACE 46180and 4 others
- Establishment unit
- 2.047.242.507 8531 Harelbeke, since 26-02-1990
- Financial year end
- 30 September
- Peppol
- Reachable since 23-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €31,448
- ▲ 75.2%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €12,086
- ▲ 30×
- Equity
- €125,550
- ▲ 2.3%
- Total assets
- €296,514
- ▼ 3.3%
Score breakdownraises riskLiquidity: current ratio 2.67lowers riskFounded in 1990Size: total assets €296,514Figures for financial year 2025 (filed on 30-04-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 51% of them on solvency, 88% on liquidity, 41% on profitability and 48% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 35 filings
Every figure per financial year
The operating result for 2025 is over 10 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 |
| Mortgage mandates | - | - | €0 | - | - |
| Carrying value of the mortgaged assets | €153,147 | €146,504 | €139,861 | €138,040 | €131,348 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,702 | €17,000 | - | €4,696 | €2,562 |
| Depreciation and write-downs of the year | €19,931 | €10,538 | €13,602 | €12,790 | €13,336 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,306 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,444 | €20,265 | €19,931 | €10,538 | €13,602 | €12,790 | €13,336 | ▲ 4.3% |
| Other operating charges640/8 | - | - | €3,575 | €3,382 | €3,685 | €3,741 | €3,773 | ▲ 0.9% |
| Gross operating margin9900 | €61,220 | €34,841 | €33,323 | €26,208 | €19,905 | €17,945 | €31,448 | ▲ 75.2% |
| Operating profit (loss)9901 | €39,078 | €8,935 | €9,817 | €12,288 | €2,618 | €1,414 | €14,339 | ▲ 914% |
| Financial income75/76B | - | - | €10,086 | €10,574 | €7,377 | €8,634 | €7,889 | ▼ 8.6% |
| Recurring financial income75 | €7,933 | €13,456 | €10,086 | €10,574 | €7,377 | €8,634 | €7,889 | ▼ 8.6% |
| Financial charges65/66B | - | - | €8,002 | €8,262 | €8,637 | €7,574 | €7,436 | ▼ 1.8% |
| Recurring financial charges65 | €9,198 | €10,485 | €8,002 | €8,262 | €8,637 | €7,574 | €7,436 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €37,814 | €11,906 | €11,901 | €14,600 | €1,359 | €2,475 | €14,792 | ▲ 498% |
| Transfer from deferred taxes780 | - | - | €1,236 | €1,236 | €1,236 | €836 | €902 | ▲ 7.9% |
| Transfer to deferred taxes680 | - | - | - | €661 | €0 | - | - | - |
| Income taxes67/77 | €412 | €4,768 | €5,106 | €4,702 | €2,510 | €2,909 | €3,608 | ▲ 24.0% |
| Profit (loss) for the period9904 | €38,637 | €8,374 | €8,031 | €10,473 | €84 | €401 | €12,086 | ▲ 30× |
| Transfer from tax-exempt reserves789 | - | - | €2,943 | €2,943 | €2,943 | €3,344 | €3,608 | ▲ 7.9% |
| Transfer to tax-exempt reserves689 | - | - | - | €2,645 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €41,580 | €11,316 | €10,974 | €10,771 | €3,027 | €3,745 | €15,693 | ▲ 319% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €336,595 | €345,029 | €340,137 | €325,410 | €307,825 | €306,596 | €296,514 | ▼ 3.3% |
| Fixed assets21/28 | €200,431 | €182,905 | €164,676 | €171,138 | €157,536 | €149,442 | €138,668 | ▼ 7.2% |
| Intangible fixed assets21 | €11,900 | €10,200 | €8,500 | €6,800 | €5,100 | €3,400 | €1,700 | ▼ 50.0% |
| Tangible fixed assets22/27 | €188,196 | €172,370 | €155,841 | €164,003 | €152,101 | €145,707 | €136,633 | ▼ 6.2% |
| Land and buildings22 | - | - | €153,147 | €146,504 | €139,861 | €138,040 | €131,348 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €729 | - |
| Furniture and vehicles24 | - | - | €2,694 | €17,499 | €12,240 | €7,667 | €4,557 | ▼ 40.6% |
| Financial fixed assets28 | €335 | €335 | €335 | €335 | €335 | €335 | €335 | = |
| Current assets29/58 | €136,164 | €162,125 | €175,461 | €154,272 | €150,289 | €157,154 | €157,845 | ▲ 0.4% |
| Amounts receivable within one year40/41 | €133,988 | €159,750 | €173,013 | €151,798 | €147,637 | €154,461 | €155,280 | ▲ 0.5% |
| Trade receivables40 | - | - | €4,729 | €13,321 | €7,019 | €10,157 | €8,435 | ▼ 17.0% |
| Other amounts receivable41 | - | - | €168,284 | €138,477 | €140,619 | €144,303 | €146,845 | ▲ 1.8% |
| Cash at bank and in hand54/58 | €2 | €2 | €2 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €2,446 | €2,474 | €2,652 | €2,694 | €2,565 | ▼ 4.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €336,595 | €345,029 | €340,137 | €325,410 | €307,825 | €306,596 | €296,514 | ▼ 3.3% |
| Equity10/15 | €86,492 | €94,866 | €102,897 | €113,370 | €113,454 | €122,764 | €125,550 | ▲ 2.3% |
| Contributions10/11 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Revaluation surpluses12 | - | - | €9,355 | €9,355 | €9,355 | €9,355 | €9,355 | = |
| Reserves13 | €77,259 | €74,316 | €74,950 | €85,423 | €85,507 | €94,818 | €97,603 | ▲ 2.9% |
| Tax-exempt reserves132 | - | - | €71,373 | €71,075 | €68,132 | €73,697 | €70,089 | ▼ 4.9% |
| Distributable reserves133 | - | - | €3,577 | €14,348 | €17,375 | €21,121 | €27,514 | ▲ 30.3% |
| Profit (loss) carried forward14 | -€18,713 | -€7,397 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €32,453 | €31,217 | €29,980 | €29,405 | €28,169 | €18,424 | €17,522 | ▼ 4.9% |
| Deferred taxes168 | - | - | €29,980 | €29,405 | €28,169 | €18,424 | €17,522 | ▼ 4.9% |
| Amounts payable17/49 | €217,650 | €218,947 | €207,259 | €182,634 | €166,202 | €165,407 | €153,441 | ▼ 7.2% |
| Amounts payable after more than one year17 | €161,341 | €146,857 | €131,831 | €118,254 | €106,295 | €93,995 | €94,340 | ▲ 0.4% |
| Financial debts170/4 | - | - | €131,831 | €118,254 | €106,295 | €93,995 | €94,340 | ▲ 0.4% |
| Amounts payable within one year42/48 | €56,309 | €72,090 | €75,428 | €64,380 | €59,906 | €71,412 | €59,102 | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | - | - | €15,026 | €13,577 | €11,959 | €12,300 | €14,005 | ▲ 13.9% |
| Financial debts43 | - | - | €17,951 | €17,903 | €17,947 | €15,720 | €11,124 | ▼ 29.2% |
| Credit institutions430/8 | - | - | €17,951 | €17,903 | €17,947 | €15,720 | €11,124 | ▼ 29.2% |
| Trade debts44 | €14,619 | €12,889 | €22,220 | €13,916 | €14,428 | €26,859 | €8,176 | ▼ 69.6% |
| Suppliers440/4 | - | - | €22,220 | €13,916 | €14,428 | €26,859 | €8,176 | ▼ 69.6% |
| Taxes, remuneration and social security45 | - | - | €20,232 | €18,985 | €15,573 | €16,533 | €16,498 | ▼ 0.2% |
| Taxes450/3 | - | - | €20,232 | €18,985 | €15,573 | €16,533 | €16,498 | ▼ 0.2% |
| Other amounts payable47/48 | - | - | - | - | - | - | €9,300 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,637 | €8,374 | €8,031 | €10,473 | €84 | €401 | €12,086 | ▲ 30× |
| + Depreciation and write-downs630 | €20,444 | €20,265 | €19,931 | €10,538 | €13,602 | €12,790 | €13,336 | ▲ 4.3% |
| Operating cash flow (approximation) | €59,081 | €28,639 | €27,962 | €21,011 | €13,686 | €13,191 | €25,422 | ▲ 92.7% |
| Investment in fixed assets (approximation) | - | -€2,740 | -€1,702 | -€17,000 | €0 | -€4,696 | -€2,562 | ▲ 45.4% |
| Change in cash | - | -€1 | €0 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as CEMACOM has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CEMACOM itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for CEMACOM. 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.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00095559 | |
| 30-09-2024 | micro format | 29-04-2025 | 2025-00080930 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00074034 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00069953 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20012571 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-11700094 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10400158 | |
| 30-09-2018 | micro format | 14-05-2019 | 2019-12900279 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-10800265 | |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-06800009 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CNUDDE Martine |
|
| VANDEPUTTE Filip |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Als vergoeding voor de inbrengen, 750”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Vereffenaars, een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen”
Articles of association, deed of 07-01-2026 (in Dutch)
Network & group
CEMACOM shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of CEMACOM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-01
Gazette deed
Reappointment: CNUDDE Martine (director)Change of role: VANDEPUTTE Filip, from statutory director to director · Amendment of the articles · Capital conversion12 points ▸
- General meeting, 31-12-2025
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “artikel 39,§2,derde lid van de wet van 23-03-2019 tot invoering van het Wetboek van vennootschappen en verenigingen en houdende diverse bepalingen, eigen ver…” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered office clause, “Vlaamse Gewest, Tweede Aardstraat 1 A,8531 Harelbeke(Bavikhove)” (deed in Dutch)
- Other provision, “nieuwe terminologie WVV, bestuurder” (deed in Dutch)
- Director reappointment, CNUDDE Martine (director (not named in the articles))
- Director resignation, VANDEPUTTE Filip (statutory director)
- Director discharge, VANDEPUTTE Filip
- Director appointment, VANDEPUTTE Filip (director (not named in the articles))
- Power of attorney
- Power of attorney, Jeroen Van Gampelaere
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
21 activities
- Het fabriceren en gieten van alle mogelijke goederen en producten op basis van beton en van cement
- Het aan- en verkopen van bouwmaterialen,beton,betonprodukten en geprefabriceerde elementen uit beton,uit hout of uit kunststof evenals alle aanverwante goederen en producten
- Het aannemen van alle afsluitingen,grondwerken en metaalconstructies
- Het oprichten en herstellen van gebouwen en stallen
- De aan-en verkoop van alle machines voor het verwerken van beton en betonproducten
- Het verlenen van dienstprestaties van economische aard,zowel in eigen beheer als in deelname met derden;daartoe behoren techno-consult,assistentie op gebied van engineering,technisch,commercieel,administratief en financieel beheer en advies
- Het verrichten van administratief werk
- Groot- en kleinhandel in import- en export van,commissiehandel in,en de verwerking van oude plastiek,vodden,pluksel en textiefafval,gebruikte flessen en glasscherven,oud papier,karton,oud ijzer en schroot en alle andere recuperatieproducten
- Recyclage,verwerking,handel in alle grondstoffen,handel in alle kunststoffen,handel in afgewerkte producten vervaardigd in kunststof
- Onderneming voor het uitvoeren van diverse land-,tuinbouw- en boswerken
- Alle verrichtingen die verband houden met tuinbouw-,landbouw- en bosbouwloonwerken,in het bijzonder het uitvoeren van landbouw- en bosbouwwerk in de ruimste zin van het woord,onder meer het vervoer en behandelen en verhandelen van tuinbouw- en landbouwproducten en van alle producten dienstig voor tuin- en landbouw
- Vervaardiging productie,groothandel,kleinhandel,handelsbemiddeling,verhuur en vertegenwoordiging van plastieken/kunststoffen tuinbouwproducten en dit in de ruimste zin van het woord
- De aan- en verkoop,in- en uitvoer,huur en verhuur,handelsbemiddeling,groothandel,kleinhandel,commissiehandel en vertegenwoordiging van algemene goederen of specifieke goederen en materialen:bloemen en planten;paletten;verpakkingen
- Reconditioneren van oude goederen,in de ruimste zin van het woord,om deze in nieuwe vorm terug aan te bieden
- Handlanger in de tuinbouw,verwerkende nijverheid,transport en dit in de ruimste zin van het woord
- Het beheer,de instandhouding en valorisatie van een onroerend patrimonium,met inbegrip van het onderhoud,de verbouwing en bebouwing ervan.Dit omvat ondermeer de aankoop,het bouwen,oprichten,uitrusten,ombouwen en verhuren,met het oog op beheer en opbrengst,alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan
- Het terbeschikking stellen van roerende en onroerende goederen in natura aan de zaakvoerders of bestuurders.De bezoldiging van de bedrijfsleider,met inbegrip van de kosten verbonden aan het voordeel alle aard,dient om het voorwerp te realiseren
- Het beleggen van beschikbare middelen in roerende goederen en waarden;het verwerven,te gelde maken,inbrengen,afstaan en verhandelen door uitgiften of andere middelen van alle soorten marktwaarden,aandelen of obligaties,van participaties of belangen onder gelijk welke vorm in Belgische of buitenlandse vennootschappen,bestaande of op te richten,dit alles voor zover als wettelijk toegelaten
- De vennootschap kan persoonlijke of zakelijke borgen stellen in het voordeel van derden,zowel aandeelhouders,bestuurders als loutere derden,evenals hen leningen,voorschotten en kredieten toestaan,met respect voor de wettelijke beperkingen
- De vennootschap kan daarenboven belangen nemen hetzij door deelneming,inbreng of op elke andere wijze,in alle vennootschappen,ondernemingen,syndicaten of groeperingen,bestaande of op te richten,zowel in België als in het buitenland die een gelijkluidend,soortgelijk of aanvullend voorwerp nastreven of die van aard zijn de ontwikkeling in haar onderneming te bevorderen
- De vennootschap zal bij middel van inbreng,versmelting,inschrijving of op om het even welke wijze mogen deelnemen aan alle ondernemingen,verenigingen,vennootschappen,die een gelijkaardig of bijhorend voorwerp nastreven of die eenvoudig nuttig zijn tot de gehele of gedeeltelijke verwezenlijking van haar voorwerp
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34004A0317/00A002 | Flanders | 1,165 m² | 1 · 206 m² | 9.3 m · 2 |