CEMCO
ActiveCEMCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €445k and a net result of €309k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 3161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency73▼-27
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.3 against 3.66 in 2024), but 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
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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
32%
Return on assets
22.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d late
2023
19 d early
2022
42 d early
2021
20 d early
2020
8 d early
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€309k
2024 · €-2.29M
2018: €-2k
2019: €4k
2020: €-2k
2021: €-952
2022: €2k
2023: €31k
2024: €-2.29M
2018 → 2025
Working capital
€105k▼ 22.0%
2024 · €135k
2018: €-754
2019: €3k
2020: €2k
2021: €821
2023: €29k
2024: €135k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€2.40M€2.43M▲ 1.3%€136k▼ 94.4%€445k▲ 226%
Operating result€-936-€2k€46k▲ 2,195%€147k▲ 221%€349k▲ 137%
Net result€-952-€2k€31k▲ 1,593%€-2.29M€309k
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 137% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.39M
Fixed assets
€1.20M▲ 50,304%
Current assets
€186k▲ 0.2%
Equity and liabilities €1.39M
Equity
€445k▲ 226%
Debt
€944k▲ 1,738%
The debt ratio rises from 27.4% to 68.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€378k▲
2024 · €147k
Cash flow
€338k▲
2024 · €-2.29M
Solvency
32.0%▼
2024 · 72.6%
Current ratio
2.30▼
2024 · 3.66
Quick ratio
2.30▼
2024 · 3.66
Debt / equity
2.12▲
2024 · 0.38
ROE
69.4%
ROA
22.2%
Interest coverage
11.91▼
2024 · 375.29
Debt
€944k▲
2024 · €51k
Debt ≤ 1 year
€81k▲
2024 · €51k
Debt > 1 year
€863k▲
2024 · €697
Income taxes
€10k▼
2024 · €38k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€188k€1.39M▲
Fixed assets21/28€2k€1.20M▲
Tangible fixed assets22/27€2k€1.20M▲
Land and buildings22-€1.18M
Furniture and vehicles24€2k€26k▲
Current assets29/58€185k€186k▲
Amounts receivable after more than one year29€86k€45k▼
Other amounts receivable291€86k€45k▼
Amounts receivable within one year40/41€41k€14k▼
Other amounts receivable41€41k€14k▼
Cash at bank and in hand54/58€59k€127k▲
Deferred charges and accrued income490/1-€614
Equity and liabilities
Total equity and liabilities10/49€188k€1.39M▲
Equity10/15€136k€445k▲
Contributions10/11€2.42M€2.42M=
Outside capital11€2.42M€2.42M=
Other1109/19€2.42M€2.42M=
Reserves13€31k€131k▲
Distributable reserves133€31k€131k▲
Profit (loss) carried forward14€-2.31M€-2.10M▲
Amounts payable17/49€51k€944k▲
Amounts payable after more than one year17€697€863k▲
Financial debts170/4€697€863k▲
Amounts payable within one year42/48€51k€81k▲
Financial debts43€40k€4k▼
Credit institutions430/8€40k€4k▼
Trade debts44-€61k
Suppliers440/4-€61k
Taxes, remuneration and social security45€10k€14k▲
Taxes450/3€10k€14k▲
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€399€29k▲
Other operating charges640/8€1k€9k▲
Gross operating margin9900€148k€387k▲
Operating profit (loss)9901€147k€349k▲
Financial income75/76B€603€1k▲
Recurring financial income75€603€1k▲
Financial charges65/66B€2.40M€32k▼
Recurring financial charges65€393€32k▲
Non-recurring financial charges66B€2.40M-
Profit (loss) for the period before taxes9903€-2.25M€319k▲
Income taxes67/77€38k€10k▼
Profit (loss) for the period9904€-2.29M€309k▲
Profit (loss) for the period to be appropriated9905€-2.29M€309k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.31M€-2.00M▲
Profit (loss) brought forward from the previous period14P€-23k€-2.31M▼
Transfer to equity691/2-€100k
To other reserves6921-€100k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €309k
Net result €309k after one loss-making year.
31-12
Financial
Equity above €200kEq €445k ▲226%
Equity rises from €136k to €445k.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
31-12
Financial
Weakest financial yearnet €-2.29M ▼7497%
Net result drops to €-2.29M, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.40M
Equity rises from €-6k to €2.40M.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 26current ratio 143.99
Current ratio from 5.45 to 143.99; short-term debt falls from €398 to €6.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity times 14current ratio 9.75
Current ratio from 0.67 to 9.75; short-term debt falls from €2k to €398.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Louis Raes
CurrentDirector · since 21-02-2023
21-02-2023
Appointed as Director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1997
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.
Middelburgstraat 641170 Watermaal-BosvoordeGround area
84 m²
Building footprint
41 m²
Volume, LiDAR
205 m³
Parcel 21652E0615/00K000, Brussels · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CEMCO
since 19972.084.050.443
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0615/00K000 | Brussels | 84 m² | 1 · 41 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
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.
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4LIFE
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 35,446 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-1997
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.