CEZAR CONCEPT
ActiveSummary
CEZAR CONCEPT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39k and a net result of €1k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 121 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+14
Solvency92▲+10
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.74 in 2023; short-term debt: 30.2% and cash: 44.9% of total assets), and 33.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← 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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
66.6%
Return on assets
2.3%
Age of the figures
21 mo
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
29 d early
2022
24 d early
2021
26 d early
2020
23 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€1k
2023 · €-6k
2018: €53
2019: €-4k▼ -6811% vs 2018
2020: €-2k▲ +48.4% vs 2019
2021: €9k▲ +565% vs 2020highest in 7 years
2022: €-8k▼ -197% vs 2021lowest in 7 years
2023: €-6k▲ +28.8% vs 2022
2024: €1k▲ +123% vs 2023
2018 → 2024
Working capital
€15k▲ 26.9%
2023 · €12k
2018: €27k
2019: €24k▼ -11.4% vs 2018
2020: €22k▼ -6.0% vs 2019
2021: €52k▲ +132% vs 2020highest in 7 years
2022: €16k▼ -69.2% vs 2021
2023: €12k▼ -24.0% vs 2022lowest in 7 years
2024: €15k▲ +26.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€52k▲ 19.7%€44k▼ 16.0%€38k▼ 13.6%€39k▲ 3.6%
2020: €43k
2021: €52k▲ +19.7% vs 2020highest in 5 years
2022: €44k▼ -16.0% vs 2021
2023: €38k▼ -13.6% vs 2022lowest in 5 years
2024: €39k▲ +3.6% vs 2023
Operating result€-876-€11k€-8k€-5k▲ 41.1%€2k
2020: €-876
2021: €11k▲ +1407% vs 2020highest in 5 years
2022: €-8k▼ -169% vs 2021lowest in 5 years
2023: €-5k▲ +41.1% vs 2022
2024: €2k▲ +148% vs 2023
Net result€-2k-€9k€-8k€-6k▲ 28.8%€1k
2020: €-2k
2021: €9k▲ +565% vs 2020highest in 5 years
2022: €-8k▼ -197% vs 2021lowest in 5 years
2023: €-6k▲ +28.8% vs 2022
2024: €1k▲ +123% vs 2023
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2k after a loss of €5k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59k
Fixed assets
€26k ▼ 32.1%
Current assets
€33k ▲ 16.0%
Equity and liabilities €59k
Equity
€39k ▲ 3.6%
Debt
€20k ▼ 31.1%
Debt's share of the balance-sheet total falls from 43.0% to 33.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▲
2023 · €7k
Cash flow
€13k▲
2023 · €6k
Current ratio
1.87▲
2023 · 1.74
Debt to equity
0.50▼
2023 · 0.75
ROE
3.4%▲
2023 · -15.8%
ROA
2.3%▲
2023 · -9.0%
Interest coverage
20.55▲
2023 · 9.32
Debt ≤ 1 year
€18k▲
2023 · €16k
Debt > 1 year
€2k▼
2023 · €12k
Income taxes
€180▼
2023 · €522
Staff costs
€395▼
2023 · €13k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€66k€59k▼
Fixed assets21/28€38k€26k▼
Tangible fixed assets22/27€38k€25k▼
Furniture and vehicles24€38k€25k▼
Financial fixed assets28€42€42=
Current assets29/58€29k€33k▲
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€7k€7k=
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€18k€26k▲
Equity and liabilities
Total equity and liabilities10/49€66k€59k▼
Equity10/15€38k€39k▲
Contributions10/11€20k€20k=
Reserves13€17k€17k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€735€2k▲
Amounts payable17/49€28k€20k▼
Amounts payable after more than one year17€12k€2k▼
Financial debts170/4€12k€2k▼
Amounts payable within one year42/48€16k€18k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€705€506▼
Suppliers440/4€705€506▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€33€0▼
Other amounts payable47/48€0€2k▲
Accrued charges and deferred income492/3€250€213▼
Income statement
Code20232024
Remuneration, social security and pensions62€13k€395▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€758€536▼
Gross operating margin9900€21k€15k▼
Operating profit (loss)9901€-5k€2k▲
Financial charges65/66B€798€695▼
Recurring financial charges65€798€695▼
Profit (loss) for the period before taxes9903€-5k€2k▲
Income taxes67/77€522€180▼
Profit (loss) for the period9904€-6k€1k▲
Profit (loss) for the period to be appropriated9905€-6k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€2k▲
Profit (loss) brought forward from the previous period14P€682€735▲
Transfer from equity791/2€6k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €47k | €49k | €13k | €395 | ▼ 96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | - | €11k | €12k | €12k | = |
| Other operating charges640/8 | - | €860 | €635 | €758 | €536 | ▼ 29.3% |
| Gross operating margin9900 | €54k | €59k | €53k | €21k | €15k | ▼ 26.6% |
| Operating profit (loss)9901 | €-876 | €11k | €-8k | €-5k | €2k | ▲ 148% |
| Financial income75/76B | - | €244 | - | - | - | - |
| Recurring financial income75 | - | €244 | - | - | - | - |
| Financial charges65/66B | - | €739 | €923 | €798 | €695 | ▼ 12.9% |
| Recurring financial charges65 | €476 | €739 | €923 | €798 | €695 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €-1k | €11k | €-9k | €-5k | €2k | ▲ 128% |
| Income taxes67/77 | €494 | €2k | €-432 | €522 | €180 | ▼ 65.5% |
| Profit (loss) for the period9904 | €-2k | €9k | €-8k | €-6k | €1k | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €9k | €-8k | €-6k | €1k | ▲ 123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €70k | €91k | €66k | €59k | ▼ 11.3% |
| Fixed assets21/28 | €25k | €42 | €50k | €38k | €26k | ▼ 32.1% |
| Tangible fixed assets22/27 | €25k | €0 | €50k | €38k | €25k | ▼ 32.1% |
| Furniture and vehicles24 | - | - | €50k | €38k | €25k | ▼ 32.1% |
| Financial fixed assets28 | €42 | €42 | €42 | €42 | €42 | = |
| Current assets29/58 | €54k | €70k | €42k | €29k | €33k | ▲ 16.0% |
| Amounts receivable within one year40/41 | €13k | €20k | €13k | €11k | €7k | ▼ 37.9% |
| Trade receivables40 | - | €13k | €11k | €7k | €7k | = |
| Other amounts receivable41 | - | €7k | €2k | €4k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €41k | €50k | €28k | €18k | €26k | ▲ 49.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €70k | €91k | €66k | €59k | ▼ 11.3% |
| Equity10/15 | €43k | €52k | €44k | €38k | €39k | ▲ 3.6% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €22k | €32k | €23k | €17k | €17k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €30k | €21k | €17k | €17k | = |
| Profit (loss) carried forward14 | €1k | €31 | €682 | €735 | €2k | ▲ 182% |
| Amounts payable17/49 | €35k | €18k | €48k | €28k | €20k | ▼ 31.1% |
| Amounts payable after more than one year17 | €4k | €0 | €22k | €12k | €2k | ▼ 85.7% |
| Financial debts170/4 | - | €0 | €22k | €12k | €2k | ▼ 85.7% |
| Amounts payable within one year42/48 | €31k | €18k | €26k | €16k | €18k | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | - | - | €10k | €10k | €10k | ▲ 0.7% |
| Trade debts44 | €7k | €4k | €562 | €705 | €506 | ▼ 28.1% |
| Suppliers440/4 | - | €4k | €562 | €705 | €506 | ▼ 28.1% |
| Advances received on contracts in progress46 | - | - | €1k | €0 | - | - |
| Taxes, remuneration and social security45 | - | €14k | €13k | €6k | €5k | ▼ 9.9% |
| Taxes450/3 | - | €13k | €11k | €6k | €5k | ▼ 9.4% |
| Remuneration and social security454/9 | - | €1k | €2k | €33 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €718 | €0 | €2k | - |
| Accrued charges and deferred income492/3 | - | - | €191 | €250 | €213 | ▼ 15.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €9k | €-8k | €-6k | €1k | ▲ 123% |
| + Depreciation and write-downs630 | €13k | - | €11k | €12k | €12k | = |
| Operating cash flow (approximation) | €11k | €9k | €2k | €6k | €13k | ▲ 119% |
| Investment in fixed assets (approximation) | - | €25k | €-60k | €0 | €0 | - |
| Change in cash | - | €9k | €-22k | €-10k | €9k | ▲ 183% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.85
Current ratio from 1.71 to 3.85; short-term debt falls from €31k to €18k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Thimister-Clermont · 1 establishment unit since 2009
Ground area
4,095 m²
Building footprint
189 m²
Volume, LiDAR
1,355 m³
Parcel 63017B0560/00G000, Wallonia · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CEZAR CONCEPT
since 20092.176.683.067
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63017B0560/00G000 | Wallonia | 4,095 m² | 1 · 189 m² | 11.3 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.
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Of 1,499 companies in sector 31004 we hold annual accounts for 621. 409 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
Founded23-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43320Joinery installation
31002Manufacture of furniture
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.