CEPATIM
ActiveSummary
The computed 12-month bankruptcy probability of CEPATIM is 2.1% (moderate). The 2025 annual accounts show equity of €73k and a net result of €25k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency54▼-17
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.74 in 2024; short-term debt: 70.9% and cash: 44.7% of total assets), and 71% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
29%
Return on assets
10.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
41 d late
2024
60 d late
2023
65 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▼ 65.0%
2024 · €207k
2023: €83k
2024: €207k▲ +150% vs 2023highest in 3 years
2025: €73k▼ -65.0% vs 2024lowest in 3 years
2023 → 2025
Total assets
€251k▼ 44.0%
2024 · €448k
2023: €173klowest in 3 years
2024: €448k▲ +159% vs 2023highest in 3 years
2025: €251k▼ -44.0% vs 2024
2023 → 2025
Net result
€25k▼ 79.6%
2024 · €124k
2023: €82k
2024: €124k▲ +51.5% vs 2023highest in 3 years
2025: €25k▼ -79.6% vs 2024lowest in 3 years
2023 → 2025
Working capital
€54k▼ 69.7%
2024 · €177k
2023: €53klowest in 3 years
2024: €177k▲ +232% vs 2023highest in 3 years
2025: €54k▼ -69.7% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€83k-€207k▲ 150%€73k▼ 65.0%
2023: €83k
2024: €207k▲ +150% vs 2023highest in 3 years
2025: €73k▼ -65.0% vs 2024lowest in 3 years
Operating result€102k-€160k▲ 56.4%€35k▼ 78.4%
2023: €102k
2024: €160k▲ +56.4% vs 2023highest in 3 years
2025: €35k▼ -78.4% vs 2024lowest in 3 years
Net result€82k-€124k▲ 51.5%€25k▼ 79.6%
2023: €82k
2024: €124k▲ +51.5% vs 2023highest in 3 years
2025: €25k▼ -79.6% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €251k
Fixed assets
€19k ▼ 36.4%
Current assets
€231k ▼ 44.6%
Equity and liabilities €251k
Equity
€73k ▼ 65.0%
Debt
€178k ▼ 25.9%
Debt's share of the balance-sheet total rises from 53.7% to 71.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €171k
Cash flow
€36k▼
2024 · €135k
Current ratio
1.30▼
2024 · 1.74
Debt to equity
2.45▲
2024 · 1.16
ROE
34.9%▼
2024 · 60.0%
ROA
10.1%▼
2024 · 27.8%
Interest coverage
143.81▲
2024 · 110.50
Debt ≤ 1 year
€178k▼
2024 · €240k
Income taxes
€10k▼
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€448k€251k▼
Fixed assets21/28€31k€19k▼
Tangible fixed assets22/27€20k€9k▼
Plant, machinery and equipment23€20k€9k▼
Financial fixed assets28€11k€11k=
Current assets29/58€417k€231k▼
Amounts receivable within one year40/41€321k€119k▼
Trade receivables40€315k€100k▼
Other amounts receivable41€6k€19k▲
Cash at bank and in hand54/58€96k€112k▲
Deferred charges and accrued income490/1€119€400▲
Equity and liabilities
Total equity and liabilities10/49€448k€251k▼
Equity10/15€207k€73k▼
Contributions10/11€1k€1k=
Reserves13-€25k
Distributable reserves133-€25k
Profit (loss) carried forward14€206k€46k▼
Amounts payable17/49€240k€178k▼
Amounts payable within one year42/48€240k€178k▼
Trade debts44€185k€8k▼
Suppliers440/4€185k€8k▼
Taxes, remuneration and social security45€55k€10k▼
Taxes450/3€55k€10k▼
Other amounts payable47/48-€160k
Accrued charges and deferred income492/3-€350
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€244€2k▲
Gross operating margin9900€171k€48k▼
Operating profit (loss)9901€160k€35k▼
Financial income75/76B€88€612▲
Recurring financial income75€88€612▲
Financial charges65/66B€2k€318▼
Recurring financial charges65€2k€318▼
Profit (loss) for the period before taxes9903€159k€35k▼
Income taxes67/77€35k€10k▼
Profit (loss) for the period9904€124k€25k▼
Profit (loss) for the period to be appropriated9905€124k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€206k€232k▲
Profit (loss) brought forward from the previous period14P€82k€206k▲
Transfer to equity691/2-€25k
To other reserves6921-€25k
Profit to be distributed694/7-€160k
Return on contributions (dividend)694-€160k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €11k | €11k | ▲ 5.6% |
| Other operating charges640/8 | €2k | €244 | €2k | ▲ 730% |
| Gross operating margin9900 | €107k | €171k | €48k | ▼ 72.1% |
| Operating profit (loss)9901 | €102k | €160k | €35k | ▼ 78.4% |
| Financial income75/76B | €142 | €88 | €612 | ▲ 598% |
| Recurring financial income75 | €142 | €88 | €612 | ▲ 598% |
| Financial charges65/66B | €167 | €2k | €318 | ▼ 79.5% |
| Recurring financial charges65 | €167 | €2k | €318 | ▼ 79.5% |
| Profit (loss) for the period before taxes9903 | €102k | €159k | €35k | ▼ 78.1% |
| Income taxes67/77 | €20k | €35k | €10k | ▼ 72.5% |
| Profit (loss) for the period9904 | €82k | €124k | €25k | ▼ 79.6% |
| Profit (loss) for the period to be appropriated9905 | €82k | €124k | €25k | ▼ 79.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €173k | €448k | €251k | ▼ 44.0% |
| Fixed assets21/28 | €30k | €31k | €19k | ▼ 36.4% |
| Tangible fixed assets22/27 | €19k | €20k | €9k | ▼ 56.3% |
| Plant, machinery and equipment23 | €19k | €20k | €9k | ▼ 56.3% |
| Financial fixed assets28 | €11k | €11k | €11k | = |
| Current assets29/58 | €143k | €417k | €231k | ▼ 44.6% |
| Amounts receivable within one year40/41 | €115k | €321k | €119k | ▼ 63.0% |
| Trade receivables40 | €104k | €315k | €100k | ▼ 68.2% |
| Other amounts receivable41 | €11k | €6k | €19k | ▲ 221% |
| Cash at bank and in hand54/58 | €26k | €96k | €112k | ▲ 16.7% |
| Deferred charges and accrued income490/1 | €2k | €119 | €400 | ▲ 235% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €173k | €448k | €251k | ▼ 44.0% |
| Equity10/15 | €83k | €207k | €73k | ▼ 65.0% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | - | - | €25k | - |
| Distributable reserves133 | - | - | €25k | - |
| Profit (loss) carried forward14 | €82k | €206k | €46k | ▼ 77.6% |
| Amounts payable17/49 | €90k | €240k | €178k | ▼ 25.9% |
| Amounts payable within one year42/48 | €90k | €240k | €178k | ▼ 26.1% |
| Trade debts44 | €70k | €185k | €8k | ▼ 95.6% |
| Suppliers440/4 | €70k | €185k | €8k | ▼ 95.6% |
| Taxes, remuneration and social security45 | €20k | €55k | €10k | ▼ 82.7% |
| Taxes450/3 | €20k | €55k | €10k | ▼ 82.7% |
| Other amounts payable47/48 | - | - | €160k | - |
| Accrued charges and deferred income492/3 | - | - | €350 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €82k | €124k | €25k | ▼ 79.6% |
| + Depreciation and write-downs630 | €3k | €11k | €11k | ▲ 5.6% |
| Operating cash flow (approximation) | €85k | €135k | €36k | ▼ 72.9% |
| Investment in fixed assets (approximation) | - | €-11k | €0 | ▲ 100% |
| Change in cash | - | €70k | €16k | ▼ 77.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
31-12
Financial
Weakest financial yearnet €25k ▼79.6%
Net result drops to €25k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2023net €124k ▲51.5%
Operating result €160k, net result €124k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲150%
2 profitable years in a row build equity to €207k.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Grimbergen · 1 establishment unit since 2022
Ground area
363 m²
Building footprint
164 m²
Volume, LiDAR
433 m³
Parcel 23402D0432/00B003, Flanders · tallest building 9.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CETIM CONSTRUCT
since 20222.338.191.037
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402D0432/00B003 | Flanders | 363 m² | 1 · 164 m² | 9.2 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,229 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
27401Manufacture of electrical equipment
27402Manufacture of electrical equipment
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.