CESA
ActiveSummary
CESA has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,255) and a net result of -€2,110. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.5% (low).
Financials · financial year 2025, micro format
Equity
-€12,255▼ 20.8%
2024 · -€10,145
Total assets
€0
2024 · €0
Net result
-€2,110▼ 10.7%
2024 · -€1,906
Working capital
-€8,239▼ 68.5%
2022 · -€4,888
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €811 in 2025 against €1,048 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€811
2025
Net result-€2,110
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0
2025
Equity-€12,255
2025
Debt€12,255
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€8,239
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€11,862-€6,244▼ 47.4%€13,683▲ 119%-€2,690€2,730-€2,251-€1,048▲ 53.4%-€811▲ 22.6%
Net result€9,176-€3,157▼ 65.6%€11,460▲ 263%-€6,357€457-€24,389-€1,906▲ 92.2%-€2,110▼ 10.7%
Equity€7,433-€10,590▲ 42.5%€22,050▲ 108%€15,693▼ 28.8%€16,150▲ 2.9%-€8,239-€10,145▼ 23.1%-€12,255▼ 20.8%
Total assets€25,061-€24,158▼ 3.6%€28,682▲ 18.7%€33,131▲ 15.5%€22,329▼ 32.6%€103▼ 99.5%€0▼ 100%€0
Debt€17,628-€13,568▼ 23.0%€6,632▼ 51.1%€17,438▲ 163%€6,178▼ 64.6%€8,342▲ 35.0%€10,145▲ 21.6%€12,255▲ 20.8%
Working capital-€9,105--€5,948▲ 34.7%€5,512-€845-€4,888▼ 478%-€8,239▼ 68.5%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€12,255▲
2024 · €10,145
Ratios withheld: a balance sheet total of €0 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €381 | €1,141 | €190 | €200 | €194 | ▼ 2.9% |
| Gross operating margin9900 | €13,375 | €6,844 | €14,493 | -€2,309 | €3,872 | -€2,061 | -€848 | -€617 | ▲ 27.3% |
| Operating profit (loss)9901 | €11,862 | €6,244 | €13,683 | -€2,690 | €2,730 | -€2,251 | -€1,048 | -€811 | ▲ 22.6% |
| Financial income75/76B | - | - | - | €3 | - | - | - | - | - |
| Recurring financial income75 | €304 | - | - | €3 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,672 | €2,273 | €22,138 | €858 | €1,299 | ▲ 51.5% |
| Recurring financial charges65 | €2,990 | €2,215 | €1,346 | €1,672 | €2,273 | €1,099 | €858 | €1,299 | ▲ 51.5% |
| Non-recurring financial charges66B | - | - | - | - | - | €21,038 | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,176 | €4,028 | €12,337 | -€4,360 | €457 | -€24,389 | -€1,906 | -€2,110 | ▼ 10.7% |
| Income taxes67/77 | - | €871 | €877 | €1,997 | - | - | - | - | - |
| Profit (loss) for the period9904 | €9,176 | €3,157 | €11,460 | -€6,357 | €457 | -€24,389 | -€1,906 | -€2,110 | ▼ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €9,176 | €3,157 | €11,460 | -€6,357 | €457 | -€24,389 | -€1,906 | -€2,110 | ▼ 10.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €25,061 | €24,158 | €28,682 | €33,131 | €22,329 | €103 | €0 | €0 | - |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €16,538 | €16,538 | €16,538 | €16,538 | €21,038 | - | - | - | - |
| Tangible fixed assets22/27 | €16,538 | €16,538 | €16,538 | €16,538 | €21,038 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €16,538 | €21,038 | - | - | - | - |
| Current assets29/58 | €8,522 | €7,620 | €12,143 | €16,592 | €1,290 | €103 | - | - | - |
| Amounts receivable within one year40/41 | €7,201 | €6,325 | €10,976 | €15,608 | €177 | €103 | - | - | - |
| Trade receivables40 | - | - | - | €5,608 | €177 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €10,000 | - | €103 | - | - | - |
| Cash at bank and in hand54/58 | €718 | €718 | €718 | €718 | €718 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €266 | €395 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €25,061 | €24,158 | €28,682 | €33,131 | €22,329 | €103 | €0 | €0 | - |
| Equity10/15 | €7,433 | €10,590 | €22,050 | €15,693 | €16,150 | -€8,239 | -€10,145 | -€12,255 | ▼ 20.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,455 | €1,455 | €1,455 | €1,455 | €1,455 | €1,455 | €1,455 | €1,455 | = |
| Non-distributable reserves130/1 | - | - | - | €1,455 | €1,455 | €1,455 | €1,455 | €1,455 | = |
| Reserves not available under the articles1311 | - | - | - | €1,455 | €1,455 | €1,455 | €1,455 | €1,455 | = |
| Profit (loss) carried forward14 | -€12,621 | -€9,464 | €1,996 | -€4,362 | -€3,904 | -€28,293 | -€30,200 | -€32,310 | ▼ 7.0% |
| Amounts payable17/49 | €17,628 | €13,568 | €6,632 | €17,438 | €6,178 | €8,342 | €10,145 | €12,255 | ▲ 20.8% |
| Amounts payable within one year42/48 | €17,628 | €13,568 | €6,632 | €17,438 | €6,178 | €8,342 | €10,145 | €12,255 | ▲ 20.8% |
| Financial debts43 | - | - | - | €4,978 | €4,998 | €4,967 | €4,999 | €5,248 | ▲ 5.0% |
| Credit institutions430/8 | - | - | - | €4,978 | €4,998 | €4,967 | €4,999 | €5,248 | ▲ 5.0% |
| Trade debts44 | €3,601 | €3,486 | €1,602 | €9,860 | €730 | €384 | €448 | - | - |
| Suppliers440/4 | - | - | - | €9,860 | €730 | €384 | €448 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,600 | €450 | - | - | - | - |
| Taxes450/3 | - | - | - | €2,600 | €450 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €2,991 | €4,698 | €7,007 | ▲ 49.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,176 | €3,157 | €11,460 | -€6,357 | €457 | -€24,389 | -€1,906 | -€2,110 | ▼ 10.7% |
| Operating cash flow (approximation) | €9,176 | €3,157 | €11,460 | -€6,357 | €457 | -€24,389 | -€1,906 | -€2,110 | ▼ 10.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,500 | - | - | - | - |
| Change in cash | - | €0 | €0 | €0 | €0 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-06-2026 | 2026-00160176 |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00157610 |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00193713 |
| 31-12-2022 | micro format | 12-06-2023 | 2023-00118239 |
| 31-12-2021 | micro format | 13-06-2022 | 2022-20058221 |
| 31-12-2020 | micro format | 17-06-2021 | 2021-20900360 |
| 31-12-2019 | micro format | 17-06-2020 | 2020-17600186 |
| 31-12-2018 | abbreviated format | 11-06-2019 | 2019-17500420 |
| 31-12-2017 | abbreviated format | 12-06-2018 | 2018-17800227 |
| 31-12-2016 | abbreviated format | 14-06-2017 | 2017-17400324 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.