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CENNOX

Active
Public limited companyfounded 2002active for 24 yearsRadiatorenstraat 41, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0477.887.128
Summary

CENNOX has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.9m and a net result of €992,018. Equity is growing by about 5.7% per year across the filed financial years. Its solvency ranks better than 64% of 102 sector peers (NACE 80, financial year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Investigation and security activities
NACE 80090Wholesale of other machinery and equipment NACE 46649
3rd largest company by equity in Vilvoorde, Administrative and support services sector1 site
Size
€8.9mturnover 2024
Staff
33.6 FTE
Equity
€9.9m
Profit
€992,018
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
CENNOX HOLDINGS LIMITED
Holdings
2
Accounts 78 days overdue2 of 31 deeds read
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 28-08-2025)Liquidity: current ratio 4.72, cash €75,826lowers riskFounded in 2002Sector: Investigation and security activities (NACE 80)Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 50% of its sector peers (NACE 80, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 65+1
equity 39.6% of total assets
Liquidity 46+2
short-term debt 16.4% · cash 0.3%
Profitability 55+41
return on assets 4.0%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (60 companies, NACE 80, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025 09-2025: 0.2%▼ -0.6 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026 10-2026: 0.9%▲ +0.3 percentage points vs 09-2026highest value
Credit of up to €550,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 4.72, compared with 3.77 in 2023, above the usual 1.5; short-term debt: 16.4% and cash: 0.3% of total assets), but 60.4% 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 80, small): better than 53% on solvency, 50% on liquidity, 38% on profitability and 60% on growth.

The bankruptcy probability was computed on 16-10-2026 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 · Figures for financial year 2024 (filed 28-08-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 4.72, cash €75,826
NBB · annual accounts
lowers risk · Founded in 2002
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Sector: Investigation and security activities (NACE 80)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
27 days late
2023
30 days late
2022
30 days late
2021
31 days late
2020
30 days late
2019
4 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 24 days after the deadline; the sector median (NACE 80) for financial year 2024 is 2 days before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Clive Nation (director) and David…Appointment: Chris Groenewald (director) ·…
  2. Appointments: Michael Goggans (director) and Harish…Gazette deed
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Back in profit in 2024after -€401,272 in 2023 €992,018 View
  • Positive: Among the best 7% on equitysector median €335,668 · 102 companies €9.9m View
  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View
  • Board changedlatest change 25-09-2026 · 3 in office 3 joined · 2 left View
  • Controlled by CENNOX HOLDINGS LIMITEDthe company in turn controls 3 companies parent View
  • Positive: 3 years of growth in a rowturnover 2024: €8.9m 3 years View

By topic

Financials

Financial year
2024
Turnover
€8.9m
Profit
€992,018
Solvency
39.6%
Turnover▲ 1.6%
Net result
20182024
Go to Financials

Board & ownership

Board
3 members
Parent
CENNOX HOLDINGS LIMITED
  • Harish NatarajDirector
  • Michael GoggansDirector
  • Chris GroenewaldDirector
Go to Board & ownership

Timeline

Events
28
Since
2003
  1. 31-12-2024Back to profit
  2. 30-08-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Investigation and security activitiesNACE 80090
Founded
09-07-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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