Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €10,860 in 2024.
Of this, €654,482 falls due within a year.
Between 2016 and 2025, 46% of the full-time equivalents disappeared.
Nine of the last ten came late. The 2019 accounts came latest: 56 days after the end of the period.
Lower net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 7% of them on solvency, 16% on liquidity, 9% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 678 companies had the same profile as CENTECH has now. Each dot stands for 2 companies, two years later.
Another 2.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CENTECH itself is lower: 1.3% within 12 months. It rests on far more data about CENTECH than the profile alone.
The method was tested on the 497,447 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 678 companies, not a prediction for CENTECH. 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.
Liquidity is insufficient, with a current ratio of 0.77 (0.94 in 2024), below 1. Short-term debt is 80% and cash 16.5% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CENTECH Liège | €0.8m | €988,590 | -7.1% | - |
| VISTA SECURITY Braine-l'Alleud | €0.8m | €902,982 | 24.0% | - |
| C.G.E. Mons | €0.9m | €945,045 | 78.2% | 0 |
| VEILIGHEID & COMFORT Ternat | €0.8m | €958,292 | 52.2% | 15.5 |
| GEERT ROEKELOOS Leuven | €0.7m | €859,646 | 39.1% | 18.5 |
| POTVLIEGE Maldegem | €0.9m | €883,907 | 68.7% | 6 |
| BERNARD GILLET Verviers | €1.0m | €809,791 | 53.9% | 11.6 |
These companies have the same main activity as CENTECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €704,000 and €1m, founded between 1999 and 2005.
CENTECH files the micro format. That format states no turnover. The gross margin rose from €217,022 in 2006 to €988,590 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.2m. Estimated: probably between €1.9m and €2.7m.
Higher than 8% of 35,136 companies in 2025.
Higher than 13% of 34,510 companies in 2025.
Higher than 11% of 34,711 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 5 people joined and 4 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
818,544 | 878,816 | 893,896 | 1.0m | 1.0m | 1.0m | 766,107 | 979,757 | 966,216 | 1.0m | 691,667 | 722,167 | 477,876 | 406,071 | 400,944 | 287,878 | 370,917 | 426,669 | 328,624 | 167,478 | |
21/28 |
317,098 | 329,241 | 352,402 | 381,984 | 403,375 | 410,379 | 108,641 | 102,300 | 98,610 | 104,507 | 103,803 | 106,136 | 18,015 | 29,859 | 13,005 | 12,898 | 13,934 | 21,757 | 11,554 | 2,998 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | 167 | 333 | - | - | - | - | 590 | 1,180 | - | |
22/27 |
300,700 | 312,843 | 328,504 | 358,086 | 379,477 | 386,481 | 84,743 | 78,402 | 89,592 | 95,489 | 94,785 | 96,951 | 16,164 | 28,341 | 11,487 | 11,380 | 12,416 | 19,099 | 8,856 | 1,480 | |
22 |
283,286 | 299,262 | 317,589 | 337,816 | 357,301 | 360,154 | 67,240 | 72,609 | 78,185 | 83,762 | 87,696 | 89,151 | - | - | - | - | - | - | - | - | |
23 |
3,873 | 9,746 | 9,240 | 18,459 | 12,783 | 11,794 | 12,524 | 670 | 1,006 | 1,543 | 471 | 1,151 | 3,291 | 2,198 | 2,965 | 4,916 | 4,292 | 5,687 | 6,088 | 879 | |
24 |
13,541 | 3,834 | 1,675 | 1,811 | 9,394 | 14,533 | 4,979 | 5,123 | 10,401 | 10,184 | 6,619 | 6,649 | 12,873 | 26,143 | 8,522 | 6,464 | 8,124 | 13,412 | 2,768 | 601 | |
28 |
16,398 | 16,398 | 23,898 | 23,898 | 23,898 | 23,898 | 23,898 | 23,898 | 9,018 | 9,018 | 9,018 | 9,018 | 1,518 | 1,518 | 1,518 | 1,518 | 1,518 | 2,068 | 1,518 | 1,518 | |
29/58 |
501,446 | 549,576 | 541,494 | 631,303 | 607,878 | 602,238 | 657,466 | 877,457 | 867,606 | 937,359 | 587,863 | 616,031 | 459,860 | 376,211 | 387,939 | 274,980 | 356,983 | 404,912 | 317,070 | 164,480 | |
29 |
2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 11,803 | 10,714 | 14,678 | 3,868 | 2,184 | 7,026 | 3,196 | 32,655 | 17,694 | - | - | |
290 |
2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 2,657 | 11,803 | 10,714 | 14,678 | 3,868 | 2,184 | 7,026 | 3,196 | 32,655 | 17,694 | - | - | |
3 |
38,214 | 22,875 | 21,880 | 11,759 | 13,014 | 4,477 | 10,472 | 38,026 | 26,247 | 30,396 | 65,852 | 74,282 | 7,053 | 57,908 | 82,274 | 36,574 | 4,367 | 23,433 | 68,917 | 56,858 | |
30/36 |
38,214 | 22,875 | 21,880 | 11,759 | 13,014 | 4,477 | 10,472 | 38,026 | 26,247 | 30,396 | 65,852 | 74,282 | 7,053 | 57,908 | 82,274 | 36,574 | 4,367 | 23,433 | 13,837 | 8,343 | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 55,080 | 48,515 | |
40/41 |
312,094 | 402,474 | 494,830 | 567,250 | 485,609 | 548,635 | 642,516 | 710,990 | 796,014 | 849,567 | 442,529 | 525,331 | 447,224 | 304,714 | 287,795 | 233,614 | 318,347 | 348,191 | 246,222 | 105,871 | |
40 |
311,974 | 402,474 | 494,830 | 567,250 | 477,033 | 548,340 | 638,469 | 696,889 | 782,608 | 834,222 | 408,104 | 476,978 | 434,390 | 290,829 | 264,131 | 201,717 | 279,453 | 308,411 | 227,289 | 87,802 | |
41 |
119 | - | - | - | 8,576 | 295 | 4,047 | 14,101 | 13,406 | 15,345 | 34,426 | 48,353 | 12,834 | 13,885 | 23,663 | 31,897 | 38,894 | 39,780 | 18,934 | 18,069 | |
54/58 |
135,313 | 119,241 | 19,989 | 49,077 | 106,485 | 44,329 | 1,623 | 125,784 | 41,003 | 45,593 | 67,630 | 1,741 | 1,673 | 11,392 | 10,808 | 1,596 | 1,518 | 1,607 | 1,555 | 857 | |
490/1 |
13,169 | 2,329 | 2,138 | 560 | 113 | 2,141 | 199 | - | 1,686 | - | 1,139 | - | 43 | 14 | 36 | - | 96 | 13,987 | 375 | 894 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
818,544 | 878,816 | 893,896 | 1.0m | 1.0m | 1.0m | 766,107 | 979,757 | 966,216 | 1.0m | 691,667 | 722,167 | 477,876 | 406,071 | 400,944 | 287,878 | 370,917 | 426,669 | 328,624 | 167,478 | |
10/15 |
-57,901 | 40,733 | 29,872 | 141,547 | 122,835 | 109,299 | 88,937 | 80,893 | 77,539 | 54,596 | 49,498 | 44,089 | 44,693 | 49,775 | 32,444 | 60,900 | 87,357 | 60,726 | 90,820 | 40,741 | |
10/11 |
18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
100 |
- | - | - | - | - | - | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
13 |
54,485 | 54,485 | 54,485 | 122,485 | 103,773 | 90,237 | 61,875 | 61,875 | 57,875 | 41,875 | 41,875 | 41,875 | 41,875 | 41,875 | 41,875 | 41,875 | 67,875 | 40,875 | 20,875 | 20,875 | |
130/1 |
- | - | 1,875 | 1,875 | 1,875 | 1,875 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | |
1311 |
- | - | 1,875 | 1,875 | 1,875 | 1,875 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
54,485 | 54,485 | 52,610 | 120,610 | 101,898 | 88,362 | 60,000 | 60,000 | 56,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 66,000 | 39,000 | 19,000 | 19,000 | |
14 |
-131,136 | -32,503 | -43,363 | 312 | 312 | 312 | 8,312 | 268 | 914 | -6,029 | -11,127 | -16,536 | -15,932 | -10,850 | -28,181 | 275 | 732 | 1,101 | 51,195 | 1,116 | |
17/49 |
876,445 | 838,084 | 864,023 | 871,739 | 888,418 | 903,318 | 677,170 | 898,864 | 888,677 | 987,270 | 642,169 | 678,077 | 433,183 | 356,295 | 368,500 | 226,978 | 283,560 | 365,943 | 237,804 | 126,737 | |
17 |
219,134 | 241,357 | 263,327 | 285,039 | 306,514 | 329,810 | 102,332 | 102,314 | 128,453 | 154,323 | 181,073 | 77,391 | 9,774 | 13,851 | 1,204 | 3,824 | 6,709 | 9,464 | - | - | |
170/4 |
168,834 | 241,057 | 263,027 | 284,739 | 306,214 | 329,510 | 102,032 | 102,014 | 128,153 | 154,023 | 180,773 | 77,091 | 9,774 | 13,851 | 1,204 | 3,824 | 6,709 | 9,464 | - | - | |
178/9 |
50,300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | - | - | - | - | - | - | - | - | |
42/48 |
654,482 | 585,575 | 593,554 | 583,177 | 576,324 | 570,651 | 568,458 | 792,549 | 758,224 | 828,386 | 458,456 | 597,337 | 421,069 | 338,044 | 363,523 | 221,290 | 275,128 | 355,028 | 237,804 | 126,737 | |
42 |
42,860 | 44,226 | 41,952 | 42,513 | 42,318 | 292,245 | 268,554 | 276,139 | 275,870 | 276,516 | 34,509 | 9,572 | 4,077 | 3,921 | 2,620 | 2,885 | 11,056 | 2,380 | 15,000 | - | |
43 |
250,000 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | 77,650 | 46,254 | - | 84,142 | 63,961 | 63,529 | 101,700 | 82,789 | 23,154 | |
430/8 |
250,000 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | 77,650 | 46,254 | - | 84,142 | 63,961 | 63,529 | 101,700 | 82,789 | 23,154 | |
44 |
124,192 | 100,784 | 123,914 | 134,639 | 146,129 | 93,350 | 117,282 | 241,681 | 303,232 | 355,356 | 223,461 | 196,790 | 190,933 | 107,217 | 82,154 | 62,837 | 71,681 | 142,023 | 62,048 | 32,541 | |
440/4 |
124,192 | 100,784 | 123,914 | 134,639 | 146,129 | 93,350 | 117,282 | 241,681 | 303,232 | 355,356 | 223,461 | 196,790 | 190,933 | 107,217 | 82,154 | 62,837 | 71,681 | 142,023 | 62,048 | 32,541 | |
46 |
474 | - | - | - | 662 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
209,863 | 159,590 | 154,784 | 134,422 | 121,072 | 167,163 | 168,711 | 270,009 | 175,489 | 192,450 | 183,480 | 265,776 | 127,070 | 137,928 | 146,731 | 68,880 | 107,857 | 89,318 | 77,967 | 58,292 | |
450/3 |
75,349 | 50,757 | 28,205 | 18,083 | 20,660 | 39,965 | 24,490 | 33,387 | 13,048 | 38,889 | 34,325 | 67,865 | 19,448 | 34,215 | 33,099 | 10,686 | 29,535 | 38,822 | 41,916 | 23,159 | |
454/9 |
134,513 | 108,832 | 126,579 | 116,340 | 100,412 | 127,198 | 144,221 | 236,621 | 162,441 | 153,562 | 149,155 | 197,911 | 107,621 | 103,713 | 113,632 | 58,194 | 78,322 | 50,496 | 36,051 | 35,133 | |
47/48 |
27,093 | 30,975 | 22,905 | 21,603 | 16,143 | 17,893 | 13,912 | 4,721 | 3,632 | 4,064 | 17,007 | 47,549 | 52,735 | 88,979 | 47,877 | 22,727 | 21,005 | 19,607 | - | 12,750 | |
492/3 |
2,829 | 11,152 | 7,142 | 3,523 | 5,580 | 2,856 | 6,380 | 4,000 | 2,000 | 4,560 | 2,640 | 3,349 | 2,339 | 4,400 | 3,772 | 1,864 | 1,723 | 1,451 | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 903,674 | 565,571 | |
76A |
- | - | - | - | - | - | - | 12,652 | 95 | 1,470 | - | 470 | 133 | - | - | 1,038 | 266 | 4,549 | - | - | |
9900 |
988,590 | 1.0m | 986,284 | 1.0m | 1.1m | 958,227 | 1.1m | 1.3m | 1.4m | 1.4m | 1.3m | 1.1m | 995,059 | 992,822 | 620,132 | 617,927 | 648,732 | 477,779 | 461,363 | 217,022 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 464,715 | 378,317 | |
62 |
1.0m | 964,946 | 1.0m | 947,839 | 995,281 | 884,129 | 1.0m | 1.3m | 1.4m | 1.4m | 1.2m | 1.1m | 937,296 | 835,637 | 570,657 | 553,872 | 585,766 | 481,757 | 372,763 | 144,223 | |
630 |
27,888 | 26,944 | 32,401 | 34,075 | 34,184 | 22,365 | 17,444 | 19,139 | 20,743 | 18,633 | 17,669 | 15,327 | 12,488 | 21,483 | 9,712 | 8,307 | 9,242 | 9,555 | 4,680 | 877 | |
631/4 |
- | - | - | - | - | -8,689 | - | - | -17,716 | - | -8,048 | - | - | 35,794 | 51,088 | 43,840 | - | 6,161 | - | - | |
640/8 |
8,587 | 3,805 | 3,863 | 6,966 | 7,977 | 14,570 | 4,550 | 4,323 | 32,368 | 4,544 | 11,395 | 4,481 | 6,580 | 5,315 | 3,595 | 14,979 | 6,102 | 2,794 | 4,251 | 1,376 | |
66A |
48 | 149 | - | - | - | - | - | 214 | 1,419 | - | - | 1,581 | 486 | - | - | - | 444 | 1,548 | 888 | - | |
9901 |
-81,108 | 40,325 | -93,663 | 46,575 | 36,188 | 45,853 | 32,986 | 27,923 | 55,457 | 28,800 | 60,701 | 52,934 | 38,695 | 94,593 | -14,920 | -3,071 | 47,622 | -22,488 | 79,668 | 70,546 | |
75/76B |
5,898 | 144 | 8 | 164 | 3 | 11 | 2 | 435 | 1,499 | 1,802 | 47 | 1,273 | 1,856 | 218 | 202 | 256 | 18 | 1,390 | 16 | 60 | |
75 |
104 | 144 | 8 | 164 | 3 | 11 | 2 | 435 | 1,499 | 1,802 | 47 | 1,273 | 1,856 | 218 | 202 | 256 | 18 | 1,390 | 16 | 60 | |
76B |
5,794 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
23,223 | 29,428 | 18,019 | 17,883 | 16,071 | 14,881 | 19,056 | 18,405 | 16,721 | 16,293 | 32,752 | 31,737 | 29,564 | 14,393 | 13,738 | 24,680 | 20,838 | 11,944 | 5,069 | 2,671 | |
65 |
23,223 | 29,428 | 18,019 | 17,883 | 16,071 | 14,881 | 19,056 | 18,405 | 16,721 | 16,293 | 32,752 | 31,737 | 29,564 | 14,393 | 13,738 | 24,680 | 20,838 | 11,944 | 5,069 | 2,671 | |
9903 |
-98,434 | 11,041 | -111,674 | 28,856 | 20,119 | 30,984 | 13,932 | 9,953 | 40,236 | 14,309 | 27,996 | 21,360 | 10,635 | 80,419 | -28,456 | -26,457 | 26,624 | -30,041 | 73,727 | 67,935 | |
67/77 |
200 | 181 | 1 | 10,144 | 6,584 | 10,621 | 5,887 | 6,599 | 17,293 | 9,210 | 22,588 | 21,964 | 15,717 | 13,088 | - | - | -7 | 53 | 23,648 | 23,159 | |
9904 |
-98,634 | 10,860 | -111,675 | 18,713 | 13,535 | 20,362 | 8,044 | 3,354 | 22,943 | 5,099 | 5,408 | -604 | -5,082 | 67,331 | -28,456 | -26,457 | 26,631 | -30,094 | 50,079 | 44,776 | |
9905 |
-98,634 | 10,860 | -111,675 | 18,713 | 13,535 | 20,362 | 8,044 | 3,354 | 22,943 | 5,099 | 5,408 | -604 | -5,082 | 67,331 | -28,456 | -26,457 | 26,631 | -30,094 | 50,079 | 44,776 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-131,136 | -32,503 | -111,363 | 19,024 | 13,847 | 28,674 | 8,312 | 4,268 | 16,914 | -6,029 | -11,127 | -16,536 | -15,932 | 39,150 | -28,181 | -25,725 | 27,732 | 21,101 | 51,195 | 44,776 | |
14P |
-32,503 | -43,363 | 312 | 312 | 312 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 68,000 | - | - | - | - | - | - | - | - | - | - | - | - | 26,000 | - | - | - | - | |
691/2 |
- | - | - | 18,713 | 13,535 | 28,362 | - | 4,000 | 16,000 | - | - | - | - | - | - | - | 27,000 | 20,000 | - | 19,660 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 660 | |
6921 |
- | - | - | 18,713 | 13,535 | 28,362 | - | 4,000 | 16,000 | - | - | - | - | - | - | - | 27,000 | 20,000 | - | 19,000 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 50,000 | - | - | - | - | - | 24,000 | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 50,000 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
21 | 21.2 | 22.5 | 22.8 | 23.8 | 25 | 27.8 | 32.1 | 38.6 | 38.6 | 35.3 | 30.4 | 27.4 | 26.8 | 19.4 | 16.2 | 15.9 | 14.6 | 12.2 | 6.1 | |
Hours worked1013 |
28,462 | 26,782 | 28,378 | 28,804 | 32,414 | 293,408 | 33,321 | 42,677 | 49,840 | 51,573 | 47,753 | 41,146 | 38,741 | 39,218 | 28,170 | 24,332 | 24,384 | 22,014 | 19,824 | 10,092 | |
| Document | |||||||||||||||||||||
The accounts for 2 older financial years (2004-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-08-2026.
2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408614.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-08-2026 | 2026-00408614 | |
| 31-12-2024 | full format | 26-08-2025 | 2025-00404666 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00394135 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00391830 | |
| 31-12-2021 | full format | 25-08-2022 | 2022-20326439 | |
| 31-12-2020 | full format | 26-08-2021 | 2021-55000136 | |
| 31-12-2019 | full format | 25-09-2020 | 2020-56000098 | |
| 31-12-2018 | full format | 02-08-2019 | 2019-43500007 | |
| 31-12-2017 | full format | 20-08-2018 | 2018-48300049 | |
| 31-12-2016 | full format | 31-07-2017 | 2017-40200030 | |
| 31-12-2015 | full format | 13-07-2016 | 2016-31600166 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-55900592 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-47400300 | |
| 31-12-2012 | full format | 29-08-2013 | 2013-53100559 | |
| 31-12-2011 | full format | 22-08-2012 | 2012-44100306 | |
| 31-12-2010 | full format | 31-08-2011 | 2011-52100131 | |
| 31-12-2009 | full format | 12-08-2010 | 2010-40800362 | |
| 31-12-2008 | full format | 31-08-2009 | 2009-73900167 | |
| 31-12-2007 | full format | 30-07-2008 | 2008-51300120 | |
| 31-12-2006 | full format | 12-09-2007 | 2007-72100334 | |
| 31-12-2005 | full format | 08-06-2006 | 2006-21404227 | |
| 31-12-2004 | full format | 23-06-2005 | 2005-31804321 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -53,221 | 67,268 | -61,262 | 80,650 | 70,371 | 68,218 | 50,431 | 47,062 | 76,200 | 47,432 | 78,371 | 68,261 | 51,184 | 116,077 | -5,208 | 5,236 | 56,864 | -12,933 | 84,349 | 71,423 | ||
| -70,746 | 37,804 | -79,274 | 52,788 | 47,719 | 42,727 | 25,489 | 22,492 | 43,686 | 23,731 | 23,078 | 14,723 | 7,407 | 88,814 | -18,743 | -18,150 | 35,873 | -20,539 | 54,760 | 45,653 | ||
| 16,000 | 11,282 | 2,819 | 15,629 | 27,180 | 324,889 | 23,786 | 22,829 | 14,846 | 19,337 | 15,337 | 104,244 | 9,739 | 40,337 | 9,819 | 7,271 | 4,120 | 19,758 | 13,237 | 3,275 | ||
| 16,072 | 99,252 | -29,088 | -57,408 | 62,156 | 42,706 | -124,161 | 84,781 | -4,591 | -22,037 | 65,889 | 68 | -9,720 | 585 | 9,212 | 78 | -89 | 52 | 698 | - | ||
| -153,036 | -35,999 | -52,061 | 48,126 | 31,554 | 31,587 | 89,008 | 84,907 | 109,382 | 108,972 | 129,407 | 18,694 | 38,791 | 38,167 | 24,415 | 53,690 | 81,855 | 49,884 | 79,266 | 37,743 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.8% | 12.5% | ||
| -7.1% | 4.6% | 3.3% | 14.0% | 12.1% | 10.8% | 11.6% | 8.3% | 8.0% | 5.2% | 7.2% | 6.1% | 9.4% | 12.3% | 8.1% | 21.2% | 23.6% | 14.2% | 27.6% | 24.3% | ||
| 0.77 | 0.94 | 0.91 | 1.08 | 1.05 | 1.06 | 1.16 | 1.11 | 1.14 | 1.13 | 1.28 | 1.03 | 1.09 | 1.11 | 1.07 | 1.24 | 1.30 | 1.14 | 1.33 | 1.30 | ||
| 0.71 | 0.90 | 0.88 | 1.06 | 1.03 | 1.05 | 1.14 | 1.06 | 1.11 | 1.09 | 1.14 | 0.91 | 1.08 | 0.94 | 0.84 | 1.08 | 1.28 | 1.07 | 1.04 | 0.85 | ||
| - | 20.58 | 28.92 | 6.16 | 7.23 | 8.26 | 7.61 | 11.11 | 11.46 | 18.08 | 12.97 | 15.38 | 9.69 | 7.16 | 11.36 | 3.73 | 3.25 | 6.03 | 2.62 | 3.11 | ||
| - | 26.7% | -373.8% | 13.2% | 11.0% | 18.6% | 9.0% | 4.1% | 29.6% | 9.3% | 10.9% | -1.4% | -11.4% | 135.3% | -87.7% | -43.4% | 30.5% | -49.6% | 55.1% | 109.9% | ||
| -12.0% | 1.2% | -12.5% | 1.8% | 1.3% | 2.0% | 1.1% | 0.3% | 2.4% | 0.5% | 0.8% | -0.1% | -1.1% | 16.6% | -7.1% | -9.2% | 7.2% | -7.1% | 15.2% | 26.7% | ||
| -2.29 | 2.29 | -3.40 | 4.51 | 4.38 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 92 days | 57 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49 days | 31 days |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 21 | 21 | - | 22 |
| full-time | 22 | 21 | 21 | - | 22 |
| in full-time equivalents | 22 | 21 | 21 | - | 22 |
| 21 | 21 | 22.5 | 22.8 | 23.8 | |
| On a permanent contract | 21 | 20 | 20 | - | 21 |
| Joined | 5 | 1 | 1 | - | 2 |
| Left | 4 | 1 | 4 | - | 5 |
| Training hours | - | 1,444 | - | - | 676 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €213,027 | €234,502 | €256,214 | €277,448 |
| Mortgages, amount registered | - | €340,000 | €340,000 | €340,000 | €340,000 |
| Carrying value of the mortgaged assets | - | €299,262 | €317,589 | €337,816 | €357,301 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,000 | €11,282 | €2,819 | €15,629 | €27,180 |
| €27,888 | €26,944 | €32,401 | €34,075 | €34,184 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €81,108, after a profit of €40,325 in 2024.
Equity is negative. Debt (€876,445) exceeds the balance-sheet total (€818,544).
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| Château de Vendargues
registered office since 12-10-2021 · founded in 2021 |
total assets €1.5m (2025) 0775.656.243 |
| Charbonnages de la Grande Bacnure
registered office since 19-06-1915 · founded in 1915 |
total assets €102,554 (2022) 0404.396.364 |
| VALOREM
registered office since 04-11-2019 · founded in 2019 |
total assets €54,060 (2025) 0737.363.613 |
| BEL.COME
registered office since 02-12-2014 · founded in 2014 · negative equity (2026) |
total assets €15,950 (2026) 0505.855.988 |
| LA BELLE RESPIRE
registered office since 30-10-2020 · founded in 2020 · negative equity (2025) |
total assets €352 (2025) 0757.667.790 |
| ETUDES ET EXPANSION
registered office since 23-08-1984 |
founded in 1984 0429.856.587 |
| Name | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SEB | 4.82% | |||||||||||
| TBC Telecom | 25% | |||||||||||
Source: list of holdings in its own accounts
The network starts from the directors of CENTECH. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Côte-d'Or 68 registered office 4000 Liège | 01-01-2004 | 2.134.308.321 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62078A0480/00H018 | 830 m² | 1 · 380 m² | 6.9 m · 2 |
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 0861.925.667
If something looks wrong or is missing, please tell us.