Ceusters & Partners
ActiveSummary
The computed 12-month bankruptcy probability of Ceusters & Partners is 2.5% (moderate). The 2025 annual accounts show equity of €144k and a net result of €63k. Equity is growing by ~74% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+6
Solvency42▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.1 in 2024; short-term debt: 11.7% and cash: 1.6% of total assets), and 82.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.3%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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 · 3 filingsDeviation from the deadline
2025
5 d late
2024
31 d early
2023
8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€144k▲ 78.2%
2024 · €81k
2023: €24klowest in 3 years
2024: €81k▲ +231% vs 2023
2025: €144k▲ +78.2% vs 2024highest in 3 years
2023 → 2025
Total assets
€832k▼ 0.2%
2024 · €834k
2023: €853khighest in 3 years
2024: €834k▼ -2.2% vs 2023
2025: €832k▼ -0.2% vs 2024lowest in 3 years
2023 → 2025
Net result
€63k▲ 12.1%
2024 · €56k
2023: €24klowest in 3 years
2024: €56k▲ +132% vs 2023
2025: €63k▲ +12.1% vs 2024highest in 3 years
2023 → 2025
Working capital
€-76k▲ 8.2%
2024 · €-83k
2023: €-87klowest in 3 years
2024: €-83k▲ +4.1% vs 2023
2025: €-76k▲ +8.2% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€24k-€81k▲ 231%€144k▲ 78.2%
2023: €24klowest in 3 years
2024: €81k▲ +231% vs 2023
2025: €144k▲ +78.2% vs 2024highest in 3 years
Operating result€52k-€91k▲ 75.2%€92k▲ 1.3%
2023: €52klowest in 3 years
2024: €91k▲ +75.2% vs 2023
2025: €92k▲ +1.3% vs 2024highest in 3 years
Net result€24k-€56k▲ 132%€63k▲ 12.1%
2023: €24klowest in 3 years
2024: €56k▲ +132% vs 2023
2025: €63k▲ +12.1% vs 2024highest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €832k
Fixed assets
€811k ▼ 1.7%
Current assets
€21k ▲ 125%
Equity and liabilities €832k
Equity
€144k ▲ 78.2%
Debt
€688k ▼ 8.6%
Debt's share of the balance-sheet total falls from 90.3% to 82.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€108k▲
2024 · €106k
Cash flow
€78k▲
2024 · €71k
Current ratio
0.22▲
2024 · 0.10
Debt to equity
4.79▼
2024 · 9.35
ROE
43.9%▼
2024 · 69.8%
ROA
7.6%▲
2024 · 6.7%
Interest coverage
8.47▲
2024 · 5.35
Debt ≤ 1 year
€98k▲
2024 · €93k
Debt > 1 year
€591k▼
2024 · €661k
Income taxes
€17k▲
2024 · €15k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€834k€832k▼
Fixed assets21/28€825k€811k▼
Tangible fixed assets22/27€55k€41k▼
Furniture and vehicles24€55k€41k▼
Financial fixed assets28€770k€770k=
Current assets29/58€9k€21k▲
Amounts receivable within one year40/41€5k€8k▲
Trade receivables40€5k€4k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€5k€14k▲
Deferred charges and accrued income490/1€174€0▼
Equity and liabilities
Total equity and liabilities10/49€834k€832k▼
Equity10/15€81k€144k▲
Contributions10/11€100€100=
Reserves13€81k€144k▲
Distributable reserves133€81k€144k▲
Amounts payable17/49€754k€688k▼
Amounts payable after more than one year17€661k€591k▼
Financial debts170/4€661k€591k▼
Amounts payable within one year42/48€93k€98k▲
Current portion of amounts payable after more than one year42€67k€70k▲
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€11k€5k▼
Taxes450/3€11k€5k▼
Other amounts payable47/48€13k€18k▲
Accrued charges and deferred income492/3€111€89▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€663€978▲
Gross operating margin9900€107k€109k▲
Operating profit (loss)9901€91k€92k▲
Financial income75/76B-€51
Recurring financial income75-€51
Financial charges65/66B€20k€13k▼
Recurring financial charges65€20k€13k▼
Profit (loss) for the period before taxes9903€71k€80k▲
Income taxes67/77€15k€17k▲
Profit (loss) for the period9904€56k€63k▲
Profit (loss) for the period to be appropriated9905€56k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€63k▲
Transfer to equity691/2€56k€63k▲
To other reserves6921€56k€63k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €15k | €15k | ▲ 2.3% |
| Other operating charges640/8 | €148 | €663 | €978 | ▲ 47.7% |
| Gross operating margin9900 | €57k | €107k | €109k | ▲ 1.7% |
| Operating profit (loss)9901 | €52k | €91k | €92k | ▲ 1.3% |
| Financial income75/76B | - | - | €51 | - |
| Recurring financial income75 | - | - | €51 | - |
| Financial charges65/66B | €21k | €20k | €13k | ▼ 35.9% |
| Recurring financial charges65 | €21k | €20k | €13k | ▼ 35.9% |
| Profit (loss) for the period before taxes9903 | €31k | €71k | €80k | ▲ 11.8% |
| Income taxes67/77 | €7k | €15k | €17k | ▲ 10.5% |
| Profit (loss) for the period9904 | €24k | €56k | €63k | ▲ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €24k | €56k | €63k | ▲ 12.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €853k | €834k | €832k | ▼ 0.2% |
| Fixed assets21/28 | €840k | €825k | €811k | ▼ 1.7% |
| Tangible fixed assets22/27 | €70k | €55k | €41k | ▼ 25.2% |
| Furniture and vehicles24 | €70k | €55k | €41k | ▼ 25.2% |
| Financial fixed assets28 | €770k | €770k | €770k | = |
| Current assets29/58 | €13k | €9k | €21k | ▲ 125% |
| Amounts receivable within one year40/41 | €507 | €5k | €8k | ▲ 64.2% |
| Trade receivables40 | €507 | €5k | €4k | ▼ 8.2% |
| Other amounts receivable41 | - | - | €3k | - |
| Cash at bank and in hand54/58 | €12k | €5k | €14k | ▲ 193% |
| Deferred charges and accrued income490/1 | €415 | €174 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €853k | €834k | €832k | ▼ 0.2% |
| Equity10/15 | €24k | €81k | €144k | ▲ 78.2% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €24k | €81k | €144k | ▲ 78.3% |
| Distributable reserves133 | €24k | €81k | €144k | ▲ 78.3% |
| Amounts payable17/49 | €829k | €754k | €688k | ▼ 8.6% |
| Amounts payable after more than one year17 | €728k | €661k | €591k | ▼ 10.6% |
| Financial debts170/4 | €728k | €661k | €591k | ▼ 10.6% |
| Amounts payable within one year42/48 | €100k | €93k | €98k | ▲ 5.3% |
| Current portion of amounts payable after more than one year42 | €65k | €67k | €70k | ▲ 4.0% |
| Trade debts44 | €365 | €1k | €4k | ▲ 288% |
| Suppliers440/4 | €365 | €1k | €4k | ▲ 288% |
| Taxes, remuneration and social security45 | €11k | €11k | €5k | ▼ 51.3% |
| Taxes450/3 | €11k | €11k | €5k | ▼ 51.3% |
| Other amounts payable47/48 | €24k | €13k | €18k | ▲ 33.7% |
| Accrued charges and deferred income492/3 | €393 | €111 | €89 | ▼ 20.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €56k | €63k | ▲ 12.1% |
| + Depreciation and write-downs630 | €5k | €15k | €15k | ▲ 2.3% |
| Operating cash flow (approximation) | €29k | €71k | €78k | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | - |
| Change in cash | - | €-8k | €9k | ▲ 217% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
31-12
Financial
Highest result since 2023net €63k ▲12.1%
Operating result €92k, net result €63k, both a record.
31-12
Financial
Equity above €100kEq €144k ▲78.2%
3 profitable years in a row build equity to €144k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Scherpenheuvel-Zichem · 1 establishment unit since 2022
Ground area
2,067 m²
Building footprint
1,148 m²
Volume, LiDAR
362 m³
Parcel 24005C0573/00G004, Flanders · tallest building 16.3 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Ceusters & Partners
since 20222.336.574.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24005C0573/00G004 | Flanders | 2,067 m² | 1 · 1,148 m² | 16.3 m |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.