CEMSTEEL
ActiveCEMSTEEL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €474k and a net result of €103k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 66% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+79
Solvency83▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 2.29 in 2024; short-term debt: 32% and cash: 49.7% of total assets), and 42.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
57.6%
Return on assets
12.5%
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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
44 d early
2023
22 d early
2022
18 d early
2021
24 d early
2020
4 d early
2019
21 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€103k
2024 · €-83k
2018: €49k
2019: €40k
2020: €25k
2021: €77k
2022: €49k
2023: €23k
2024: €-83k
2018 → 2025
Working capital
€379k▲ 25.9%
2024 · €301k
2018: €373k
2019: €442k
2020: €510k
2021: €442k
2022: €459k
2023: €380k
2024: €301k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€466k-€516k▲ 10.6%€511k▼ 0.9%€428k▼ 16.3%€474k▲ 10.8%
Operating result€108k-€76k▼ 29.9%€42k▼ 44.2%€-78k€126k
Net result€77k-€49k▼ 35.4%€23k▼ 54.4%€-83k€103k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €126k after a loss of €78k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €824k
Fixed assets
€181k▼ 20.2%
Current assets
€643k▲ 20.3%
Equity and liabilities €824k
Equity
€474k▲ 10.8%
Provisions
€55k▲ 10.0%
Debt
€295k▲ 4.0%
The debt ratio falls from 37.2% to 35.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€172k▲
2024 · €-15k
Cash flow
€149k▲
2024 · €-21k
Solvency
57.6%▲
2024 · 56.2%
Current ratio
2.44▲
2024 · 2.29
Quick ratio
2.44▲
2024 · 2.29
Debt / equity
0.62▼
2024 · 0.66
ROE
21.8%▲
2024 · -19.5%
ROA
12.5%▲
2024 · -11.0%
Interest coverage
21.34▲
2024 · -2.24
Debt
€295k▲
2024 · €283k
Debt ≤ 1 year
€264k▲
2024 · €233k
Debt > 1 year
€31k▼
2024 · €50k
Income taxes
€16k▲
2024 · €748
Staff costs
€562k▼
2024 · €586k
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€761k€824k▲
Fixed assets21/28€227k€181k▼
Tangible fixed assets22/27€199k€155k▼
Land and buildings22€144k€130k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€51k€21k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€27k€25k▼
Current assets29/58€535k€643k▲
Amounts receivable within one year40/41€277k€225k▼
Trade receivables40€236k€194k▼
Other amounts receivable41€41k€31k▼
Cash at bank and in hand54/58€250k€409k▲
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€761k€824k▲
Equity10/15€428k€474k▲
Contributions10/11€19k€19k=
Reserves13€409k€456k▲
Tax-exempt reserves132€116k€116k=
Distributable reserves133€293k€340k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€50k€55k▲
Provisions for liabilities and charges160/5€50k€55k▲
Other liabilities and charges164/5€50k€55k▲
Amounts payable17/49€283k€295k▲
Amounts payable after more than one year17€50k€31k▼
Financial debts170/4€48k€29k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€233k€264k▲
Current portion of amounts payable after more than one year42€20k€19k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€97k€80k▼
Suppliers440/4€97k€80k▼
Taxes, remuneration and social security45€31k€21k▼
Taxes450/3€130€16k▲
Remuneration and social security454/9€30k€5k▼
Other amounts payable47/48€86k€144k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€586k€562k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€46k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-38k€5k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€537k€744k▲
Operating profit (loss)9901€-78k€126k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€-83k€119k▲
Income taxes67/77€748€16k▲
Profit (loss) for the period9904€-83k€103k▲
Profit (loss) for the period to be appropriated9905€-83k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€103k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€83k€27k▼
Transfer to equity691/2€0€73k▲
To other reserves6921€0€73k▲
Profit to be distributed694/7€0€57k▲
Return on contributions (dividend)694€0€27k▲
Directors or managers695-€30k
Social balance
Average headcount (FTE)908716.814.7▼
The notes to these accounts (20 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
31-12
Financial
Back to profitnet €103k
Net result €103k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-83k ▼470%
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €516k ▲10.6%
5 profitable years in a row build equity to €516k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Liège · 2 establishment units since 2010
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.
Rue Lamarck 1184000 LiègeGround area
900 m²
Building footprint
179 m²
Volume, LiDAR
1,311 m³
2 parcels, Flanders, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CEMSTEEL
since 20102.192.887.908
CEMSTEEL
since 20182.282.416.532
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302F0134/00N000 | Flanders | 692 m² | 1 · 126 m² | 9.2 m · 2 fl. |
| 62810B0444/00D002 | Wallonia | 208 m² | 1 · 52 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryCEMSTEEL SRL38810
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VMK TEGELS
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Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 4,666 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2010
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@cemsteel.be