CESTICO
ActiveSummary
CESTICO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €131,001 and a net result of €56,541. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 54% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency87▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 4.22 against 3.63 in 2023; short-term debt: 17.8% and cash: 34% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
35 d early
2022
26 d early
2021
31 d early
2020
31 d early
2019
42 d 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 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€131,001▲ 45.0%
2023 · €90,361
Total assets
€211,623▲ 71.0%
2023 · €123,770
Net result
€56,541▲ 105%
2023 · €27,542
Working capital
€121,286▲ 154%
2023 · €47,697
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3,359▼ 87.0%€15,709▲ 368%€4,639▼ 70.5%€38,231▲ 724%€42,667▲ 11.6%
Net result€1,413▼ 92.6%€10,086▲ 614%€4,227▼ 58.1%€27,542▲ 552%€56,541▲ 105%
Equity€41,949▲ 3.5%€50,435▲ 20.2%€53,062▲ 5.2%€90,361▲ 70.3%€131,001▲ 45.0%
Total assets€122,089▲ 50.1%€106,227▼ 13.0%€94,655▼ 10.9%€123,770▲ 30.8%€211,623▲ 71.0%
Debt€80,140▲ 96.3%€55,792▼ 30.4%€41,593▼ 25.4%€33,409▼ 19.7%€80,622▲ 141%
Working capital€3,312▼ 85.0%€10,615▲ 220%€9,446▼ 11.0%€47,697▲ 405%€121,286▲ 154%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €211,623
Fixed assets
€52,692 ▼ 9.1%
Current assets
€158,931 ▲ 142%
Equity and liabilities €211,623
Equity
€131,001 ▲ 45.0%
Debt
€80,622 ▲ 141%
Debt's share of the balance-sheet total rises from 27.0% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45,828▼
2023 · €47,533
Cash flow
€59,702▲
2023 · €36,844
Current ratio
4.22▲
2023 · 3.63
Debt to equity
0.62▲
2023 · 0.37
ROE
43.2%▲
2023 · 30.5%
ROA
26.7%▲
2023 · 22.3%
Interest coverage
141.44▲
2023 · 118.24
Debt ≤ 1 year
€37,645▲
2023 · €18,112
Debt > 1 year
€42,788▲
2023 · €15,297
Income taxes
€1,417▼
2023 · €10,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,929 | €10,127 | €9,708 | €9,302 | €3,161 | ▼ 66.0% |
| Other operating charges640/8 | - | €514 | €742 | €618 | €874 | ▲ 41.4% |
| Non-recurring operating charges66A | - | - | - | - | €1,411 | - |
| Gross operating margin9900 | €12,800 | €26,350 | €15,089 | €48,151 | €48,113 | ▼ 0.1% |
| Operating profit (loss)9901 | €3,359 | €15,709 | €4,639 | €38,231 | €42,667 | ▲ 11.6% |
| Financial income75/76B | - | €3 | €2,110 | - | €15,615 | - |
| Recurring financial income75 | €37 | €3 | €2,110 | - | €15,615 | - |
| Financial charges65/66B | - | €1,378 | €609 | €402 | €324 | ▼ 19.4% |
| Recurring financial charges65 | €654 | €1,378 | €609 | €402 | €324 | ▼ 19.4% |
| Profit (loss) for the period before taxes9903 | €2,742 | €14,334 | €6,140 | €37,829 | €57,958 | ▲ 53.2% |
| Income taxes67/77 | €1,329 | €4,248 | €1,913 | €10,287 | €1,417 | ▼ 86.2% |
| Profit (loss) for the period9904 | €1,413 | €10,086 | €4,227 | €27,542 | €56,541 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €1,413 | €10,086 | €4,227 | €27,542 | €56,541 | ▲ 105% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,089 | €106,227 | €94,655 | €123,770 | €211,623 | ▲ 71.0% |
| Fixed assets21/28 | €78,686 | €70,820 | €65,611 | €57,961 | €52,692 | ▼ 9.1% |
| Tangible fixed assets22/27 | €28,687 | €20,821 | €15,612 | €7,962 | €52,692 | ▲ 562% |
| Land and buildings22 | - | €15,671 | €8,453 | €1,235 | €610 | ▼ 50.6% |
| Plant, machinery and equipment23 | - | €1,532 | €4,950 | €4,358 | €3,765 | ▼ 13.6% |
| Furniture and vehicles24 | - | €3,618 | €2,209 | €2,369 | €48,317 | ▲ 1,940% |
| Financial fixed assets28 | €49,999 | €49,999 | €49,999 | €49,999 | - | - |
| Current assets29/58 | €43,402 | €35,407 | €29,044 | €65,809 | €158,931 | ▲ 142% |
| Amounts receivable within one year40/41 | €17,533 | €18,008 | €15,931 | €13,955 | €35,365 | ▲ 153% |
| Trade receivables40 | - | €12,585 | €12,097 | €13,399 | €26,599 | ▲ 98.5% |
| Other amounts receivable41 | - | €5,423 | €3,834 | €556 | €8,766 | ▲ 1,477% |
| Current investments50/53 | - | - | - | €15,000 | €50,000 | ▲ 233% |
| Cash at bank and in hand54/58 | €25,426 | €16,628 | €12,652 | €36,668 | €71,974 | ▲ 96.3% |
| Deferred charges and accrued income490/1 | - | €771 | €461 | €186 | €1,592 | ▲ 756% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,089 | €106,227 | €94,655 | €123,770 | €211,623 | ▲ 71.0% |
| Equity10/15 | €41,949 | €50,435 | €53,062 | €90,361 | €131,001 | ▲ 45.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €35,749 | €44,235 | €46,862 | €71,761 | €112,401 | ▲ 56.6% |
| Non-distributable reserves130/1 | - | €1,717 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,717 | - | - | - | - |
| Distributable reserves133 | - | €42,518 | €46,862 | €71,761 | €112,401 | ▲ 56.6% |
| Amounts payable17/49 | €80,140 | €55,792 | €41,593 | €33,409 | €80,622 | ▲ 141% |
| Amounts payable after more than one year17 | €39,921 | €31,000 | €21,995 | €15,297 | €42,788 | ▲ 180% |
| Financial debts170/4 | - | €31,000 | €21,995 | €15,297 | €42,788 | ▲ 180% |
| Amounts payable within one year42/48 | €40,090 | €24,792 | €19,598 | €18,112 | €37,645 | ▲ 108% |
| Current portion of amounts payable after more than one year42 | - | €8,921 | €9,004 | €6,698 | €12,508 | ▲ 86.7% |
| Trade debts44 | €13,538 | €3,967 | €3,326 | €3,308 | €4,172 | ▲ 26.1% |
| Suppliers440/4 | - | €3,967 | €3,326 | €3,308 | €4,172 | ▲ 26.1% |
| Taxes, remuneration and social security45 | - | €5,255 | €4,661 | €4,834 | €1,836 | ▼ 62.0% |
| Taxes450/3 | - | €5,255 | €4,661 | €4,834 | €1,836 | ▼ 62.0% |
| Other amounts payable47/48 | - | €6,649 | €2,607 | €3,272 | €19,129 | ▲ 485% |
| Accrued charges and deferred income492/3 | - | - | - | - | €189 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,413 | €10,086 | €4,227 | €27,542 | €56,541 | ▲ 105% |
| + Depreciation and write-downs630 | €8,929 | €10,127 | €9,708 | €9,302 | €3,161 | ▼ 66.0% |
| Operating cash flow (approximation) | €10,342 | €20,213 | €13,935 | €36,844 | €59,702 | ▲ 62.0% |
| Investment in fixed assets (approximation) | - | -€2,261 | -€4,499 | -€1,652 | €2,108 | ▲ 228% |
| Change in cash | - | -€8,798 | -€3,976 | €24,016 | €35,306 | ▲ 47.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €56,541 ▲105%
Operating result €42,667, net result €56,541, both a record.
31-12
Financial
Equity above €100,000Eq €131,001 ▲45%
7 profitable years in a row build equity to €131,001.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.63
Current ratio from 1.48 to 3.63; short-term debt falls from €19,598 to €18,112.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €1,413 ▼92.6%
Net result drops to €1,413, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Roeselare · 1 establishment unit since 2017
Ground area
975 m²
Building footprint
178 m²
Volume, LiDAR
1,005 m³
Parcel 36505A0622/00B000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CESTICO
since 20172.267.600.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505A0622/00B000 | Flanders | 975 m² | 1 · 178 m² | 8.8 m · 2 fl. |
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 5,712 companies in sector 70100 we hold annual accounts for 3,504. 2,349 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
Founded05-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680729172
Also
9925:BE0680729172
Registered
25-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.