CEYHUN ELECTRICS

Active

Private limited companyfounded 20233 yrs activeBloemenlus 38, 9920 Lievegem, BelgiumKBO/BCE: BE 0803.205.233

The computed 12-month bankruptcy probability of CEYHUN ELECTRICS is 3.0% (moderate). The 2024 annual accounts show equity of €29k and a net result of €24k. Its solvency ranks better than 29% of 36373 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

55 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability97

Solvency52

Growth-

Track record79

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity tight (current ratio 1.26; short-term debt: 49.8% and cash: 0.2% of total assets), and 72.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

27.4%

Return on assets

22.7%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

29 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€29k

Total assets

€106k

Net result

€24k

Working capital

€14k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €106k

37.1%

62.9%

Fixed assets €39k

Current assets €66k

Equity and liabilities €106k

27.4%

72.6%

Equity €29k

Debt €77k

Debt finances 72.6% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€46k

Cash flow

€36k

Solvency

27.4%

Current ratio

1.26

Quick ratio

1.26

Debt / equity

2.65

ROE

82.7%

ROA

22.7%

Interest coverage

18.11

Debt

€77k

Debt ≤ 1 year

€53k

Debt > 1 year

€24k

Income taxes

€7k

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Assets

Total assets20/58€106k

Formation expenses20€0

Fixed assets21/28€39k

Tangible fixed assets22/27€39k

Plant, machinery and equipment23€2k

Leasing and similar rights25€37k

Financial fixed assets28€250

Current assets29/58€66k

Amounts receivable within one year40/41€65k

Trade receivables40€63k

Other amounts receivable41€2k

Cash at bank and in hand54/58€194

Deferred charges and accrued income490/1€1k

Equity and liabilities

Total equity and liabilities10/49€106k

Equity10/15€29k

Contributions10/11€5k

Reserves13€24k

Distributable reserves133€24k

Amounts payable17/49€77k

Amounts payable after more than one year17€24k

Financial debts170/4€24k

Amounts payable within one year42/48€53k

Current portion of amounts payable after more than one year42€5k

Trade debts44€25k

Suppliers440/4€25k

Taxes, remuneration and social security45€10k

Taxes450/3€7k

Remuneration and social security454/9€2k

Other amounts payable47/48€13k

Income statement Code2024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k

Other operating charges640/8€8k

Gross operating margin9900€54k

Operating profit (loss)9901€34k

Financial charges65/66B€3k

Recurring financial charges65€3k

Profit (loss) for the period before taxes9903€31k

Income taxes67/77€7k

Profit (loss) for the period9904€24k

Profit (loss) for the period to be appropriated9905€24k

Appropriation of the result

Profit (loss) to be appropriated9906€24k

Transfer to equity691/2€24k

To other reserves6921€24k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2025

02-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

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, Lievegem · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Bloemenlus 389920 Lievegem

Ground area

524 m²

Building footprint

212 m²

Volume, LiDAR

869 m³

Parcel 44036A1815/00M000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

CEYHUN ELECTRICS

Bloemenlus 38, 9920 LievegemCivil engineering

since 20232.346.967.359

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44036A1815/00M000	Flanders	524 m²	1 · 212 m²	6.6 m · 1 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 579 EUR awarded · 579 EUR paid

Year	Entries	awarded	paid
2025	1	579 EUR	579 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 579 EUR · 579 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

8 categories

CEYHUN ELECTRICS BV43065

category C1, class 1 · category C2, class 1 · category G1, class 1 · category G2, class 1 · category G5, class 1 · category P1, class 1 · category P2, class 1 · category P3, class 1

decision 29-06-2026