Financials
- Financial year
- 2025
- Total assets
- €7.3m
- Loss
- -€172,446
- Solvency
- 36.9%
Total assets▼ 2.6%
Net result
20192025
CENES
ActiveSummary
CENES has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of -€172,446. Equity is growing by about 4.5% per year across the filed financial years. Its solvency ranks better than 55% of 11,189 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Real estate agency activities
NACE 68310
1 site
Size
€7.3mtotal assets 2025
- Equity
- €2.7m
- Loss
- -€172,446
Turnover not published (abbreviated or micro format)
Why 93raises riskLoss of €172,446, the second in a row (financial year 2025)lowers riskSize: total assets €7.3mFigures for financial year 2025 (filed 22-11-2025)Legal form: public limited companyShow the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Average
Solvency
62-1
equity 36.9% of total assets
Liquidity
64+33
short-term debt 2.9% · cash 11.3%
Profitability
25-2
return on assets -2.4%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025highest value
12-2025: 0.1%▼ -0.1 percentage points vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €250,000 on 30-day terms is acceptable
Liquidity ample (current ratio 9.88, compared with 0.65 in 2024, above the usual 1.5; short-term debt: 2.9% and cash: 11.3% of total assets), but 63.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 57% on solvency, 90% on liquidity, 18% on profitability and 27% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€172,446
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-11-2025, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
43 days early
2023
78 days early
2022
4 days early
2021
83 days early
2020
75 days early
2019
59 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end25-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than 15 timescurrent ratio 9.88
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
By topic
Board & ownership
- Board
- 2 members
- Philip CammaertChair
- Anne SaelenDirector
Timeline
- Events
- 38
- Since
- 1996
- Next accounts
- by 31-01-2027
- 30-06-2024Weakest financial year
- 20-12-2023Resignations: Philip Cammaert, Anne Saelen and 3…
- 12-12-2023Reappointments: Philip Cammaert, Anne Saelen and 3…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Real estate agency activitiesNACE 68310
- Founded
- 02-12-1993
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 13
- Who signs
- A managing director alone
- Purpose
- “De aankoop, de verkoop, de ruiling, het huren en verhuren, de verkaveling, de promotie…” (deed in Dutch)
Key facts about CENES
- What is the company number of CENES?
- 0451.552.222. In Belgium the VAT number is the company number with BE in front: BE 0451.552.222.
- Where is CENES based?
- The registered office is at Guldenzandstraat(Odk) 105, 8670 Koksijde.Company details
- What does CENES do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of CENES?
- Public limited company (NV).
- When was CENES founded?
- On 02-12-1993.
- Is CENES still active?
- Yes, CENES is an active enterprise in the KBO register.
- What is the turnover of CENES?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is CENES profitable?
- In financial year 2025, CENES made a loss of €172,446.
- Where can I find the annual accounts of CENES?
- CENES filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CENES due?
- By 31-01-2027, for financial year 2026.Timeline
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