Liquidity
5.43 was 1.87 in 2024
Short-term debts fell from €17,698 to €6,845.
CEZAR CONCEPT
Lifetime
17 annual accounts with figures on one time axispeak €76,066 (2014)
€18,644▲ 22.5%
lowest -€8,551 (2012)
€4,507▲ 236%
peak €52,031 (2021)
€43,583▲ 11.5%
€7,065▼ 64.0%
peak 1 FTE (2010)
-not published
Board4 names since 2009
3 directorsRenaud CEZAR and 2 others
Documentsfilings and deeds
23-06-202638 days before the deadline
2025abbreviated format
Gross margin from €15,215 to €18,644Result from €1,340 to €4,507Debts from €19,600 to €7,065
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2009
The last five annual accounts were filed 24 to 38 days before the end of the period.
Position in the sector
86.1%
Higher solvency than 90% of companies in furniture. Sector median 38.5% · 285 companies.
Checked score
98
Excellent
Financially stronger than 80% of micro companies in furniture (NACE 31)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 829 companies (NACE 31, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.4 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €50,648
lowers risk
Liquidity: current ratio 5.43, cash €27,888
Equity €43,583 (86.1% of total assets)
Founded in 2009
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro). It does better than 91% of them on solvency, 94% on liquidity, 72% on profitability and 65% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as CEZAR CONCEPT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of CEZAR CONCEPT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for CEZAR CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.43 (1.87 in 2024), above the usual 1.5. Short-term debt is 13.5% and cash 55.1% of total assets. 13.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €43,583
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
28 days early
2023
29 days early
2022
24 days early
2021
26 days early
2020
23 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809402642
Changes of role: Renaud CEZAR, Gilles CEZAR and Marie WAGEMANS
Permanent representative: Marie WAGEMANS · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
First establishment
Chaussée Charlemagne 154, Thimister-Clermont
Incorporation
published on 06-02-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CEZAR CONCEPT Thimister-Clermont | €50,648 | €18,644 | 86.1% | - |
| Meubellakkerij Luyten Nijlen | €62,918 | €19,856 | 20.7% | - |
| PISTIL Woluwe-Saint-Lambert | €70,935 | €26,667 | -212.6% | - |
| MAQUET and CO Eupen | €91,775 | €22,057 | -5.3% | - |
| LA COPIE Wellin | €43,284 | €30,436 | 21.6% | - |
| TURNHOUTSE SCHRIJN-& INTERIEURWERKEN Antwerp | €91,273 | €19,305 | 95.7% | - |
| JACKIE BRUSSELS Glabbeek | €53,874 | €20,102 | 66.8% | - |
These companies have the same main activity as CEZAR CONCEPT: manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004). They are comparable in size and age: total assets between €43,300 and €91,800, founded between 1999 and 2011.
Official details
Source: KBO- Status
- Active since 23-01-2009Normal situation
- Activity
- Manufacture of dining room, living room, bedroom and bathroom furnitureNACE 31004and 3 others
- Joint committee
- 124Construction · annual accounts 2024
- Establishment unit
- 2.176.683.0674890 Thimister-Clermont, since 11-03-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Annual accounts 2025
- ≈ €130,000estimated
- €50,648▼ 13.7%
- ≈ 0 FTEestimated
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on CEZAR CONCEPT
CEZAR CONCEPT files the abbreviated format. That format states no turnover. The gross margin fell from €46,545 in 2009 to €18,644 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CEZAR CONCEPT
- What is the company number of CEZAR CONCEPT?
- The company number of CEZAR CONCEPT is 0809.402.642. The VAT number is the same number with BE in front: BE 0809.402.642.
- Where is CEZAR CONCEPT based?
- The registered office is at Chaussée Charlemagne 154, 4890 Thimister-Clermont.Company details
- What does CEZAR CONCEPT do?
- According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
- What is the legal form of CEZAR CONCEPT?
- CEZAR CONCEPT is a private limited company (BV).
- When was CEZAR CONCEPT founded?
- CEZAR CONCEPT was founded on 23-01-2009.
- Is CEZAR CONCEPT still active?
- Yes, CEZAR CONCEPT is an active enterprise in the KBO register.
- How many employees does CEZAR CONCEPT have?
- CEZAR CONCEPT had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does CEZAR CONCEPT fall under?
- In its 2024 annual accounts, CEZAR CONCEPT states joint committee 124 (Construction).
- What is the turnover of CEZAR CONCEPT?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €18,644 and 2,730 comparable companies of the same size. It probably lies between €53,000 and €320,000. It is a rough estimate. In financial year 2019 turnover was €0.
- Is CEZAR CONCEPT profitable?
- In financial year 2025, CEZAR CONCEPT made a profit of €4,507.
- Where can I find the annual accounts of CEZAR CONCEPT?
- CEZAR CONCEPT filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CEZAR CONCEPT due?
- CEZAR CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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