Summary
CESA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2008 annual accounts show equity of €283,458 and a net result of €221,356. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2008 are too old to assess current financial health.
Axes, FY 2008
Profitability73
Solvency43
Growth-
Track record85
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2008Solvency, return and age of the figures
Solvency
18.3%
Return on assets
14.3%
Age of the figures
213 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2008 was due by 31-07-2009 and was filed on 25-08-2009, 25 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 · 1 filingDeviation from the deadline
2008
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2008, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€221,356
Working capital
€364,769
Balance-sheet composition
Assets €1.5m
Fixed assets
€15,139
Current assets
€1.5m
Equity and liabilities €1.5m
Equity
€283,458
Debt
€1.3m
Debt finances 81.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€229,718
Cash flow
€227,704
Current ratio
1.31
ROE
78.1%
ROA
14.3%
Debt ≤ 1 year
€1.2m
Annual accounts
| Line | 2008 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,348 |
| Gross operating margin9900 | €453,244 |
| Operating profit (loss)9901 | €223,370 |
| Recurring financial charges65 | €2,014 |
| Profit (loss) for the period before taxes9903 | €221,356 |
| Profit (loss) for the period9904 | €221,356 |
| Line | 2008 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.5m | |
| Fixed assets21/28 | €15,139 | |
| Intangible fixed assets21 | €217 | |
| Tangible fixed assets22/27 | €14,922 | |
| Current assets29/58 | €1.5m | |
| Amounts receivable within one year40/41 | €123,402 | |
| Cash at bank and in hand54/58 | €920,451 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.5m | |
| Equity10/15 | €283,458 | |
| Profit (loss) carried forward14 | €283,458 | |
| Amounts payable17/49 | €1.3m | |
| Amounts payable within one year42/48 | €1.2m | |
| Trade debts44 | €1.1m | |
| Line | 2008 |
|---|---|
| Profit (loss) for the period9904 | €221,356 |
| + Depreciation and write-downs630 | €6,348 |
| Operating cash flow (approximation) | €227,704 |
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
2009
25-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 25 days late
NBB filing
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel
Ground area
8,002 m²
Building footprint
5,725 m²
Volume, LiDAR
104,834 m³
Parcel 21804D0114/00B000, Brussels · tallest building 28.0 m, ±7 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0114/00B000indicative | Brussels | 8,002 m² | 1 · 5,725 m² | 28.0 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formNon-profit association
Founded20-12-2001
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476739459
Also
9925:BE0476739459
Registered
03-04-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.