Summary
CESTO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.94M and a net result of €2.58M. Equity is growing by ~58.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 8048 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-11-2025, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
54 d late
2023
30 d late
2022
62 d early
2021
103 d early
2020
18 d late
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3.94M▲ 188%
2024 · €1.37M
Net result
€2.58M▲ 1,695%
2024 · €144k
Total assets
€5.95M▲ 23.2%
2024 · €4.83M
Solvency
66.3%▲ 38.0pp
2024 · 28.3%
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
Line20212022202320242025
Operating result€-23k€88k€298k▲ 239%€350k▲ 17.5%€1.76M▲ 402%
Net result€-42k€68k€772k▲ 1,039%€144k▼ 81.4%€2.58M▲ 1,695%
Equity€385k▼ 9.9%€452k▲ 17.6%€1.22M▲ 171%€1.37M▲ 11.7%€3.94M▲ 188%
Total assets€2.68M▲ 98.5%€2.87M▲ 7.4%€4.24M▲ 47.5%€4.83M▲ 14.0%€5.95M▲ 23.2%
Debt€2.29M▲ 149%€2.42M▲ 5.7%€3.01M▲ 24.5%€3.46M▲ 14.9%€2.01M▼ 42.0%
Working capital€291k▼ 8.0%€369k▲ 26.9%€208k▼ 43.5%€655k▲ 214%€3.17M▲ 385%
Solvency14.4%▼ 17.3pp15.7%▲ 1.4pp28.9%▲ 13.1pp28.3%▼ 0.6pp66.3%▲ 38.0pp
Staff (FTE)11=1=1.9▲ 90.0%1.9=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 402% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.95M
Fixed assets
€1.48M ▼ 0.1%
Current assets
€4.47M ▲ 33.5%
Equity and liabilities €5.95M
Equity
€3.94M ▲ 188%
Debt
€2.01M ▼ 42.0%
Debt's share of the balance-sheet total falls from 71.7% to 33.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
65.3%▲
2024 · 10.5%
ROA
43.3%▲
2024 · 3.0%
Debt ≤ 1 year
€1.29M▼
2024 · €2.69M
Debt > 1 year
€714k▼
2024 · €773k
Income taxes
€127k▼
2024 · €207k
Staff costs
€83k▼
2024 · €129k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9k | €811 | €0 | €1.38M | - |
| Remuneration, social security and pensions62 | - | €71k | €53k | €129k | €83k | ▼ 35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €10k | €7k | €66k | €19k | ▼ 71.0% |
| Other operating charges640/8 | - | €9k | €8k | €16k | €16k | ▲ 0.8% |
| Gross operating margin9900 | €61k | €177k | €366k | €560k | €1.87M | ▲ 235% |
| Operating profit (loss)9901 | €-23k | €88k | €298k | €350k | €1.76M | ▲ 402% |
| Financial income75/76B | - | €136 | €656k | €47k | €994k | ▲ 2,015% |
| Recurring financial income75 | €199 | €136 | €656k | €47k | €994k | ▲ 2,015% |
| Financial charges65/66B | - | €4k | €74k | €47k | €47k | ▲ 0.3% |
| Recurring financial charges65 | €20k | €4k | €74k | €47k | €47k | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €-42k | €84k | €879k | €350k | €2.70M | ▲ 672% |
| Income taxes67/77 | - | €16k | €108k | €207k | €127k | ▼ 38.6% |
| Profit (loss) for the period9904 | €-42k | €68k | €772k | €144k | €2.58M | ▲ 1,695% |
| Profit (loss) for the period to be appropriated9905 | €-42k | €68k | €772k | €144k | €2.58M | ▲ 1,695% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.68M | €2.87M | €4.24M | €4.83M | €5.95M | ▲ 23.2% |
| Fixed assets21/28 | €94k | €84k | €1.49M | €1.49M | €1.48M | ▼ 0.1% |
| Tangible fixed assets22/27 | €10k | - | €1.41M | €1.39M | €1.39M | = |
| Land and buildings22 | - | - | €1.41M | €1.37M | €1.36M | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | - | €2k | €19k | ▲ 941% |
| Furniture and vehicles24 | - | - | - | €21k | €17k | ▼ 18.1% |
| Financial fixed assets28 | €84k | €84k | €81k | €94k | €92k | ▼ 2.5% |
| Current assets29/58 | €2.58M | €2.79M | €2.75M | €3.35M | €4.47M | ▲ 33.5% |
| Amounts receivable after more than one year29 | - | €2.61M | €1.22M | €1.22M | €1.22M | = |
| Other amounts receivable291 | - | €2.61M | €1.22M | €1.22M | €1.22M | = |
| Amounts receivable within one year40/41 | €363k | €172k | €841k | €1.95M | €3.07M | ▲ 57.7% |
| Trade receivables40 | - | €158k | €263k | €152k | €127k | ▼ 16.6% |
| Other amounts receivable41 | - | €14k | €578k | €1.80M | €2.95M | ▲ 64.0% |
| Current investments50/53 | €10k | €10k | €10k | €10k | €10k | = |
| Cash at bank and in hand54/58 | €7k | €3k | €676k | €165k | €163k | ▼ 1.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.68M | €2.87M | €4.24M | €4.83M | €5.95M | ▲ 23.2% |
| Equity10/15 | €385k | €452k | €1.22M | €1.37M | €3.94M | ▲ 188% |
| Contributions10/11 | €32k | €32k | €32k | €32k | €32k | = |
| Capital10 | - | €32k | - | - | - | - |
| Issued capital100 | - | €32k | - | - | - | - |
| Reserves13 | €395k | €420k | €420k | €564k | €420k | ▼ 25.5% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | - | €3k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €417k | €417k | €561k | €417k | ▼ 25.6% |
| Profit (loss) carried forward14 | €-42k | - | €772k | €772k | €3.49M | ▲ 352% |
| Amounts payable17/49 | €2.29M | €2.42M | €3.01M | €3.46M | €2.01M | ▼ 42.0% |
| Amounts payable after more than one year17 | - | - | €473k | €773k | €714k | ▼ 7.7% |
| Financial debts170/4 | - | - | €473k | €773k | €714k | ▼ 7.7% |
| Amounts payable within one year42/48 | €2.29M | €2.42M | €2.54M | €2.69M | €1.29M | ▼ 51.9% |
| Current portion of amounts payable after more than one year42 | - | €69k | €24k | €187k | €118k | ▼ 36.6% |
| Financial debts43 | - | €451k | €200k | €203k | €7k | ▼ 96.6% |
| Credit institutions430/8 | - | - | - | €3k | €7k | ▲ 117% |
| Other loans439 | - | €451k | €200k | €200k | €0 | ▼ 100% |
| Trade debts44 | €981k | €979k | €33k | €20k | €32k | ▲ 54.5% |
| Suppliers440/4 | - | €979k | €33k | €20k | €32k | ▲ 54.5% |
| Advances received on contracts in progress46 | - | - | €1.33M | €1.33M | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €47k | €94k | €148k | €240k | ▲ 62.1% |
| Taxes450/3 | - | €38k | €86k | €134k | €215k | ▲ 60.7% |
| Remuneration and social security454/9 | - | €8k | €8k | €14k | €25k | ▲ 75.1% |
| Other amounts payable47/48 | - | €876k | €860k | €803k | €898k | ▲ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-42k | €68k | €772k | €144k | €2.58M | ▲ 1,695% |
| + Depreciation and write-downs630 | €17k | €10k | €7k | €66k | €19k | ▼ 71.0% |
| Operating cash flow (approximation) | €-25k | €78k | €779k | €210k | €2.60M | ▲ 1,138% |
| Investment in fixed assets (approximation) | - | €0 | €-1.41M | €-63k | €-17k | ▲ 72.5% |
| Change in cash | - | €-5k | €673k | €-511k | €-2k | ▲ 99.7% |
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
21-08
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- Board meeting, 01-01-2026
- Registered-office move, Catersdreef 15, 2970 Schilde
- Power of attorney, BV Proteus Accountants & Belastingconsulenten
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
31-03
Financial
Highest result since 2019net €2.58M ▲1,695%
Operating result €1.76M, net result €2.58M, both a record.
31-03
Financial
Liquidity triplescurrent ratio 3.45
Current ratio from 1.24 to 3.45; short-term debt falls from €2.69M to €1.29M.
31-03
Financial
Equity above €2MEq €3.94M ▲188%
4 profitable years in a row build equity to €3.94M.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
31-03
Financial
Equity above €1MEq €1.22M ▲171%
2 profitable years in a row build equity to €1.22M.
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
Show earlier events
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2008
Ground area
4,019 m²
Building footprint
491 m²
Volume, LiDAR
122 m³
2 parcels, Flanders · tallest building 15.3 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Cesto
since 20082.172.430.410
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0577/00A000 | Flanders | 2,698 m² | 1 · 297 m² | - |
| 11039A0420/00M002 | Flanders | 1,320 m² | 1 · 194 m² | 15.3 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 8,883 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
Founded02-07-2008
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.