CETIN
ActiveSummary
CETIN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €28k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 18941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 6.38 against 6.77 in 2023; short-term debt: 13.5% and cash: 24.8% of total assets), and 13.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
41 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
10 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€120k▲ 30.2%
2023 · €92k
2018: €18k
2019: €40k
2020: €48k
2021: €66k
2022: €69k
2023: €92k
2018 → 2024
Total assets
€138k▲ 31.6%
2023 · €105k
2018: €56k
2019: €68k
2020: €73k
2021: €83k
2022: €92k
2023: €105k
2018 → 2024
Net result
€28k▲ 16.6%
2023 · €24k
2018: €-6k
2019: €26k
2020: €8k
2021: €17k
2022: €3k
2023: €24k
2018 → 2024
Working capital
€101k▲ 32.1%
2023 · €76k
2018: €23k
2019: €39k
2020: €40k
2021: €56k
2022: €62k
2023: €76k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€66k▲ 35.9%€69k▲ 4.8%€92k▲ 33.3%€120k▲ 30.2%
Operating result€11k-€28k▲ 149%€6k▼ 77.0%€34k▲ 426%€41k▲ 21.3%
Net result€8k-€17k▲ 109%€3k▼ 81.6%€24k▲ 648%€28k▲ 16.6%
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 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €138k
Fixed assets
€19k ▲ 21.1%
Current assets
€120k ▲ 33.5%
Equity and liabilities €138k
Equity
€120k ▲ 30.2%
Debt
€19k ▲ 41.5%
Debt's share of the balance-sheet total rises from 12.6% to 13.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2023 · €35k
Cash flow
€30k▲
2023 · €25k
Current ratio
6.38▼
2023 · 6.77
Quick ratio
5.70▼
2023 · 6.20
Debt to equity
0.16▲
2023 · 0.14
ROE
23.2%▼
2023 · 25.9%
ROA
20.1%▼
2023 · 22.7%
Interest coverage
49.57▲
2023 · 27.93
Debt ≤ 1 year
€19k▲
2023 · €13k
Income taxes
€13k▲
2023 · €9k
Staff costs
€27k▼
2023 · €52k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€105k€138k▲
Fixed assets21/28€15k€19k▲
Tangible fixed assets22/27€11k€14k▲
Furniture and vehicles24€2k€7k▲
Other tangible fixed assets26€9k€7k▼
Financial fixed assets28€5k€5k=
Current assets29/58€90k€120k▲
Stocks and contracts in progress3€8k€13k▲
Stocks30/36€8k€13k▲
Amounts receivable within one year40/41€67k€72k▲
Trade receivables40-€592
Other amounts receivable41€67k€72k▲
Cash at bank and in hand54/58€15k€34k▲
Equity and liabilities
Total equity and liabilities10/49€105k€138k▲
Equity10/15€92k€120k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€71k€99k▲
Amounts payable17/49€13k€19k▲
Amounts payable within one year42/48€13k€19k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€12k€17k▲
Taxes450/3€11k€14k▲
Remuneration and social security454/9€1k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€52k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€833€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€3k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€91k€76k▼
Operating profit (loss)9901€34k€41k▲
Financial charges65/66B€1k€875▼
Recurring financial charges65€1k€875▼
Profit (loss) for the period before taxes9903€33k€40k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€24k€28k▲
Profit (loss) for the period to be appropriated9905€24k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€99k▲
Profit (loss) brought forward from the previous period14P€48k€71k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €28k ▲16.6%
Operating result €41k, net result €28k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲30.2%
6 profitable years in a row build equity to €120k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
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
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Steenokkerzeel · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Fuérisonplaats 81820 SteenokkerzeelGround area
531 m²
Building footprint
135 m²
Volume, LiDAR
793 m³
Parcel 23081E0338/00P000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE PIZZABAKKER
since 20072.160.023.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23081E0338/00P000 | Flanders | 531 m² | 1 · 135 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSteenokkerzeel2.160.023.615
Similar companies · same sector, comparable size
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Tea & Lunch Georges
BE 0670.859.324
Oostende · Eq €119,620
MARVEN
BE 0446.808.130
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DEAN & CO
BE 0899.330.550
De Haan · Eq €119,693
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,370 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.