CEVES
ActiveSummary
CEVES has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€34,565. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 61.67; short-term debt: 0.1% and cash: 4% of total assets), and 7.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
92.6%
Return on assets
-2.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-02-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
138 d early
2023
105 d early
2022
54 d early
2021
80 d early
2020
53 d early
2019
77 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 83 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.3m▼ 2.5%
2024 · €1.4m
Total assets
€1.4m▲ 4.5%
2024 · €1.4m
Net result
-€34,565▼ 1,240%
2024 · -€2,580
Working capital
€87,362▼ 67.2%
2024 · €266,223
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€40,090▼ 16.2%€47,029▲ 17.3%€18,438▼ 60.8%-€5,254-€38,956▼ 642%
Net result€29,342▼ 8.9%€34,330▲ 17.0%€12,544▼ 63.5%-€2,580-€34,565▼ 1,240%
Equity€1.3m▲ 2.3%€1.4m▲ 2.6%€1.4m▲ 0.9%€1.4m▼ 0.2%€1.3m▼ 2.5%
Total assets€1.5m▼ 7.7%€1.4m▼ 5.4%€1.4m▲ 0.2%€1.4m▼ 0.5%€1.4m▲ 4.5%
Debt€122,603▼ 54.9%€12,437▼ 89.9%€5,034▼ 59.5%€3,192▼ 36.6%€102,189▲ 3,101%
Working capital-€63,376▲ 64.9%€61,650€167,451▲ 172%€266,223▲ 59.0%€87,362▼ 67.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38,956 in 2025 against €5,254 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.3m ▲ 21.8%
Current assets
€88,802 ▼ 66.8%
Equity and liabilities €1.4m
Equity
€1.3m ▼ 2.5%
Provisions
€4,098 ▼ 33.3%
Debt
€102,189 ▲ 3,101%
Debt's share of the balance-sheet total rises from 0.2% to 7.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€69,994▼
2024 · €98,283
Cash flow
€74,384▼
2024 · €100,957
Current ratio
61.67
Debt to equity
0.08▲
2024 · 0.00
ROE
-2.6%▼
2024 · -0.2%
ROA
-2.4%▼
2024 · -0.2%
Interest coverage
21.29▼
2024 · 529.09
Debt ≤ 1 year
€1,440=
2024 · €1,440
Debt > 1 year
€100,000
Income taxes
€301▼
2024 · €1,756
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,208 | €100,667 | €103,094 | €103,537 | €108,949 | ▲ 5.2% |
| Other operating charges640/8 | - | €7,011 | €7,560 | €7,548 | €7,395 | ▼ 2.0% |
| Non-recurring operating charges66A | - | - | - | - | €42,003 | - |
| Gross operating margin9900 | €149,059 | €154,708 | €129,092 | €105,832 | €119,392 | ▲ 12.8% |
| Operating profit (loss)9901 | €40,090 | €47,029 | €18,438 | -€5,254 | -€38,956 | ▼ 642% |
| Financial income75/76B | - | €1 | €2 | €2,566 | €5,930 | ▲ 131% |
| Recurring financial income75 | €0 | €1 | €2 | €2,566 | €5,930 | ▲ 131% |
| Financial charges65/66B | - | €192 | €184 | €186 | €3,288 | ▲ 1,670% |
| Recurring financial charges65 | €304 | €192 | €184 | €186 | €3,288 | ▲ 1,670% |
| Profit (loss) for the period before taxes9903 | €39,786 | €46,838 | €18,257 | -€2,873 | -€36,314 | ▼ 1,164% |
| Transfer from deferred taxes780 | - | €2,049 | €2,049 | €2,049 | €2,049 | = |
| Income taxes67/77 | €12,492 | €14,557 | €7,762 | €1,756 | €301 | ▼ 82.9% |
| Profit (loss) for the period9904 | €29,342 | €34,330 | €12,544 | -€2,580 | -€34,565 | ▼ 1,240% |
| Transfer from tax-exempt reserves789 | - | €3,979 | €3,979 | €3,979 | €3,979 | = |
| Profit (loss) for the period to be appropriated9905 | €95,322 | €38,309 | €16,523 | €1,400 | -€30,586 | ▼ 2,285% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | ▲ 4.5% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.2m | €1.1m | €1.3m | ▲ 21.8% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.2m | €1.1m | €1.3m | ▲ 21.9% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.1m | €1.3m | ▲ 22.4% |
| Furniture and vehicles24 | - | €28,510 | €17,018 | €5,525 | €676 | ▼ 87.8% |
| Financial fixed assets28 | €1,735 | €1,735 | €1,735 | €1,735 | €1,735 | = |
| Current assets29/58 | €59,114 | €73,326 | €171,653 | €267,663 | €88,802 | ▼ 66.8% |
| Amounts receivable within one year40/41 | €14,626 | €5,263 | - | €1,014 | €1,478 | ▲ 45.8% |
| Trade receivables40 | - | €5,000 | - | - | - | - |
| Other amounts receivable41 | - | €263 | - | €1,014 | €1,478 | ▲ 45.8% |
| Current investments50/53 | - | - | €80,000 | €190,000 | €25,000 | ▼ 86.8% |
| Cash at bank and in hand54/58 | €39,773 | €55,007 | €86,772 | €71,649 | €57,028 | ▼ 20.4% |
| Deferred charges and accrued income490/1 | - | €13,056 | €4,880 | €5,000 | €5,296 | ▲ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | ▲ 4.5% |
| Equity10/15 | €1.3m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 2.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 2.7% |
| Non-distributable reserves130/1 | - | €60,200 | €60,200 | €60,200 | €60,200 | = |
| Legal reserve130 | - | €60,200 | €60,200 | €60,200 | €60,200 | = |
| Tax-exempt reserves132 | - | €19,896 | €15,917 | €11,938 | €7,958 | ▼ 33.3% |
| Distributable reserves133 | - | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 2.5% |
| Provisions and deferred taxes16 | €12,294 | €10,245 | €8,196 | €6,147 | €4,098 | ▼ 33.3% |
| Deferred taxes168 | - | €10,245 | €8,196 | €6,147 | €4,098 | ▼ 33.3% |
| Amounts payable17/49 | €122,603 | €12,437 | €5,034 | €3,192 | €102,189 | ▲ 3,101% |
| Amounts payable after more than one year17 | - | - | - | - | €100,000 | - |
| Financial debts170/4 | - | - | - | - | €100,000 | - |
| Amounts payable within one year42/48 | €122,490 | €11,675 | €4,202 | €1,440 | €1,440 | = |
| Trade debts44 | €1,050 | €8,678 | - | - | - | - |
| Suppliers440/4 | - | €8,678 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €1,557 | €2,762 | - | - | - |
| Taxes450/3 | - | €1,557 | €2,762 | - | - | - |
| Other amounts payable47/48 | - | €1,440 | €1,440 | €1,440 | €1,440 | = |
| Accrued charges and deferred income492/3 | - | €762 | €833 | €1,752 | €749 | ▼ 57.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,342 | €34,330 | €12,544 | -€2,580 | -€34,565 | ▼ 1,240% |
| + Depreciation and write-downs630 | €102,208 | €100,667 | €103,094 | €103,537 | €108,949 | ▲ 5.2% |
| Operating cash flow (approximation) | €131,550 | €134,997 | €115,638 | €100,957 | €74,384 | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | -€8,571 | -€7,859 | -€1,056 | -€350,193 | ▼ 33,053% |
| Change in cash | - | €15,234 | €31,765 | -€15,124 | -€14,621 | ▲ 3.3% |
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
12-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€34,565
Net result drops to -€34,565, the lowest in the series.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Liquidity times 5current ratio 185.88
Current ratio from 40.85 to 185.88; short-term debt falls from €4,202 to €1,440.
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity times 7current ratio 40.85
Current ratio from 6.28 to 40.85; short-term debt falls from €11,675 to €4,202.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 13current ratio 6.28
Current ratio from 0.48 to 6.28; short-term debt falls from €122,490 to €11,675.
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Stekene · 1 establishment unit since 1984
Ground area
3,621 m²
Building footprint
277 m²
Volume, LiDAR
1,431 m³
Parcel 46322C0876/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CEVES
since 19842.135.670.576
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46322C0876/00G000 | Flanders | 3,621 m² | 1 · 277 m² | 8.3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded10-03-1984
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426413681
Also
9925:BE0426413681
Registered
13-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.