CENGO SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of CENGO SOLUTION is 3.3% (moderate). The 2025 annual accounts show negative equity (-€67,184) and a net result of €8,170. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 1,552 sector peers (NACE 81, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-01-2016 Normal situation
- Activity
- Other building cleaning and industrial cleaning NACE 81220
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.3%
- Gross margin
- €11,494
- Turnover
- ≈ €100,000
- estimated
- Profit
- €8,170
- Equity
- -€67,184
- ▲ 10.8%
- Total assets
- €145,021
- ▲ 18.9%
- Negative equity on 31-12-2025
- 2025 accounts filed 47 days after the deadline
Score breakdownraises riskLast filed accounts filed 47 days late; 1 of the last 3 accounts lateNo registered site in the KBOSector: Services to buildings and landscape activities (NACE 81)lowers riskSize: total assets €145,021Show the evidence
Checked score
About 3 in 100 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 81, micro). It does better than 3% of them on solvency, 8% on liquidity, 50% on profitability and 54% on growth.
The bankruptcy probability was computed on 01-11-2026 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 37 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 47 days after the deadline Filed on 16 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00516614.
Annual accounts 2025 filed on 16-09-2026 at the NBB all 7 filings
2021 to 2025, 5 financial years 2021 to 2025, 5 financial years
The operating result for 2025 is a profit of €9,207, after a loss of €97,137 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,434 | €1,113 | €1,196 | €3,229 | €400 |
| Financial fixed assets | €150 | - | - | - | - |
| Depreciation and write-downs of the year | €6,872 | €7,243 | €7,060 | €5,215 | €1,045 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as CENGO SOLUTION: other building cleaning and industrial cleaning (NACE 81220). They are comparable in size and age: total assets between €116,000 and €196,000, founded between 2014 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| CENGO SOLUTION Sint-Joost-ten-Node | 2016 | €145,021 | -€67,184 | €11,494 | €8,170 | - | 2025 |
| VERSO BEZETTINGSWERKEN Oud-Turnhout | 2015 | €137,556 | €109,543 | €12,740 | €9,024 | 1.2 | 2025 |
| Cleantime Westerlo | 2014 | €157,113 | €130,853 | €13,913 | €11,228 | - | 2025 |
| BELTRANS & LOGISTICS Zelzate | 2014 | €156,300 | €77,439 | €10,603 | -€9,060 | - | 2025 |
| CINALCO Brussel | 2016 | €116,187 | €86,676 | €10,975 | €6,096 | - | 2024 |
| NETOBEL Sint-Agatha-Berchem | 2014 | €196,057 | €175,277 | €12,313 | €2,811 | - | 2025 |
| BeNe Cleaning Ukkel | 2019 | €165,953 | €152,811 | €12,747 | €888 | - | 2024 |
They were chosen from the 2,272 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,632 companies had the same profile as CENGO SOLUTION has now. Two years later, 2.9% had gone bankrupt and 91.9% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CENGO SOLUTION itself: 3.3% within 12 months.
Test of the method
The method was tested on the 497,445 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 3,632 companies, not a prediction for CENGO SOLUTION. 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,872 | €7,243 | €7,060 | €5,215 | €1,045 | ▼ 80.0% |
| Other operating charges640/8 | €2,318 | €322 | €479 | €75 | €1,243 | ▲ 17× |
| Gross operating margin9900 | €13,829 | €19,946 | €595 | -€91,847 | €11,494 | - |
| Operating profit (loss)9901 | €4,638 | €12,381 | -€6,944 | -€97,137 | €9,207 | - |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €162 | €159 | €281 | €343 | €1,036 | ▲ 202% |
| Recurring financial charges65 | €162 | €159 | €281 | €343 | €1,036 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | €4,476 | €12,222 | -€7,225 | -€97,480 | €8,170 | - |
| Income taxes67/77 | - | €382 | €1,014 | €3,617 | - | - |
| Profit (loss) for the period9904 | €4,476 | €11,841 | -€8,239 | -€101,098 | €8,170 | - |
| Profit (loss) for the period to be appropriated9905 | €4,476 | €11,841 | -€8,239 | -€101,098 | €8,170 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,802 | €137,774 | €154,112 | €121,971 | €145,021 | ▲ 18.9% |
| Fixed assets21/28 | €16,712 | €10,582 | €4,718 | €2,732 | €2,088 | ▼ 23.6% |
| Tangible fixed assets22/27 | €16,562 | €10,432 | €4,568 | €2,582 | €1,938 | ▼ 25.0% |
| Furniture and vehicles24 | €16,562 | €10,432 | €4,568 | €2,582 | €1,938 | ▼ 25.0% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €114,090 | €127,192 | €149,393 | €119,239 | €142,933 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €62,716 | €90,526 | €111,920 | €80,894 | €97,475 | ▲ 20.5% |
| Trade receivables40 | €61,861 | €76,867 | €96,360 | €65,334 | €90,977 | ▲ 39.2% |
| Other amounts receivable41 | €855 | €13,659 | €15,560 | €15,560 | €6,498 | ▼ 58.2% |
| Cash at bank and in hand54/58 | €19,812 | €5,103 | €5,911 | €6,783 | €13,896 | ▲ 105% |
| Deferred charges and accrued income490/1 | €31,562 | €31,562 | €31,562 | €31,562 | €31,562 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,802 | €137,774 | €154,112 | €121,971 | €145,021 | ▲ 18.9% |
| Equity10/15 | €22,141 | €33,982 | €25,743 | -€75,355 | -€67,184 | ▲ 10.8% |
| Contributions10/11 | €100 | €100 | €1,960 | €1,960 | €1,960 | = |
| Capital10 | €100 | €100 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €18,500 | €18,500 | - | - | - | - |
| Contributions outside capital11 | - | - | €1,960 | €1,960 | €1,960 | = |
| Other1109/19 | - | - | €1,960 | €1,960 | €1,960 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €20,181 | €32,022 | €23,783 | -€77,315 | -€69,144 | ▲ 10.6% |
| Provisions and deferred taxes16 | €33,500 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €33,500 | - | - | - | - | - |
| Major repairs and maintenance162 | €33,500 | - | - | - | - | - |
| Amounts payable17/49 | €75,160 | €103,792 | €128,368 | €197,326 | €212,205 | ▲ 7.5% |
| Amounts payable within one year42/48 | €75,160 | €103,792 | €128,368 | €197,326 | €212,205 | ▲ 7.5% |
| Trade debts44 | €54,312 | €94,582 | €118,918 | €189,928 | €207,698 | ▲ 9.4% |
| Suppliers440/4 | €54,312 | €94,582 | €118,918 | €189,928 | €207,698 | ▲ 9.4% |
| Taxes, remuneration and social security45 | €8,833 | €9,209 | €9,451 | €7,398 | €4,507 | ▼ 39.1% |
| Taxes450/3 | €8,833 | €9,209 | €9,451 | €7,398 | €4,507 | ▼ 39.1% |
| Other amounts payable47/48 | €12,016 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,476 | €11,841 | -€8,239 | -€101,098 | €8,170 | - |
| + Depreciation and write-downs630 | €6,872 | €7,243 | €7,060 | €5,215 | €1,045 | ▼ 80.0% |
| Operating cash flow (approximation) | €11,348 | €19,083 | -€1,179 | -€95,882 | €9,215 | - |
| Investment in fixed assets (approximation) | - | -€1,113 | -€1,196 | -€3,229 | -€400 | ▲ 87.6% |
| Change in cash | - | -€14,708 | €807 | €872 | €7,113 | ▲ 716% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-09-2026 | 2026-00516614 | NBB |
| 31-12-2024 | micro format | 03-06-2025 | 2025-00123863 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00353884 | |
| 31-12-2022 | micro format | 22-09-2023 | 2023-00456501 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20391589 | |
| 31-12-2017 | full format | 17-12-2018 | 2018-74700191 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-58500139 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-05-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KURTOGLU Cengiz |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Fixe ou proportionnelle, assemblée générale décide si exercé gratuitement”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, cessions entre vifs onéreux/gratuit volontaires/forcées exclusion/retrait…”
Articles of association, deed of 08-05-2024 (in French)
Network & group
CENGO SOLUTION shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of CENGO SOLUTION. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-05
Gazette deed
Company renamed from KURT CONSTRUCT to CENGO SOLUTIONChange of role: KURTOGLU Cengiz, from manager to director · Amendment of the articles · Capital conversion8 points ▸
- General meeting, 23-04-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Name change, CENGO SOLUTION
- Capital
- Director resignation, KURTOGLU Cengiz (manager)
- Director appointment, KURTOGLU Cengiz (director (not named in the articles))
- Director discharge, KURTOGLU Cengiz
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
11 activities
- L’entreprise générale de bâtiment,peinture,maçonnerie,électricité,toiture ;
- Fournir tous services ou prestations au profit de toutes clientèles privées ou commerciales ;
- Le nettoyage et l’entretien d’immeubles,le nettoyage de vitres et de bureaux,de petits travaux de bureau,services intérimaires,sous-traitance ;
- Marchés publics ;
- Transports de personnes et de marchandises,restaurant,café,snack,night shop,épicerie ;
- Construction,générale,plafonnage,cimentage,toiture,électricité,gros œuvre,peinture,carrelage,etc…
- Vente de meubles et de mobiliers
- Hôtel,ébergement,auberge de jeunesse,location de kot,etc….
- Agence de sécurité
- Electricité au sens large,placement réparation,etc…
- Transport (national et international) de marchandises de personnes de véhicules,etc….
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0645.817.288
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21572C0009/00H006 | Brussels | 182 m² | 1 · 144 m² | 16.8 m · 2 |