COTE CEDRIC
ActiveCOTE CEDRIC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €214k and a net result of €34k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+8
Solvency91▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.7 in 2024; short-term debt: 29.2% and cash: 45.9% of total assets), and 33.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
66.2%
Return on assets
10.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
32 d early
2023
61 d early
2022
25 d early
2021
66 d early
2020
22 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34k▲ 198%
2024 · €11k
2019: €33k
2020: €-6k
2021: €23k
2022: €42k
2023: €-127
2024: €11k
2019 → 2025
Working capital
€117k▲ 82.9%
2024 · €64k
2019: €40k
2020: €40k
2021: €59k
2022: €31k
2023: €36k
2024: €64k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€169k▲ 33.1%€169k▼ 0.1%€180k▲ 6.7%€214k▲ 18.8%
Operating result€26k-€69k▲ 169%€9k▼ 86.7%€16k▲ 77.1%€57k▲ 254%
Net result€23k-€42k▲ 81.7%€-127€11k€34k▲ 198%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 254% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323k
Fixed assets
€111k▼ 23.6%
Current assets
€212k▲ 108%
Equity and liabilities €323k
Equity
€214k▲ 18.8%
Debt
€109k▲ 61.3%
The debt ratio rises from 27.3% to 33.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€98k▲
2024 · €56k
Cash flow
€74k▲
2024 · €52k
Solvency
66.2%▼
2024 · 72.7%
Current ratio
2.24▼
2024 · 2.70
Quick ratio
1.69▲
2024 · 1.54
Debt / equity
0.51▲
2024 · 0.38
ROE
15.8%▲
2024 · 6.3%
ROA
10.5%▲
2024 · 4.6%
Interest coverage
19.01▲
2024 · 14.34
Debt
€109k▲
2024 · €68k
Debt ≤ 1 year
€94k▲
2024 · €38k
Debt > 1 year
€14k▼
2024 · €29k
Income taxes
€18k▲
2024 · €2k
Staff costs
€40k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€248k€323k▲
Fixed assets21/28€146k€111k▼
Tangible fixed assets22/27€146k€111k▼
Land and buildings22€57k€50k▼
Plant, machinery and equipment23€8k€11k▲
Furniture and vehicles24€81k€51k▼
Current assets29/58€102k€212k▲
Stocks and contracts in progress3€44k€52k▲
Stocks30/36€44k€52k▲
Amounts receivable within one year40/41€7k€7k▼
Trade receivables40€3k€2k▼
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€48k€148k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€248k€323k▲
Equity10/15€180k€214k▲
Reserves13€36k€36k=
Non-distributable reserves130/1€21k€21k=
Reserves not available under the articles1311€21k€21k=
Tax-exempt reserves132€15k€15k=
Profit (loss) carried forward14€144k€178k▲
Amounts payable17/49€68k€109k▲
Amounts payable after more than one year17€29k€14k▼
Financial debts170/4€29k€14k▼
Amounts payable within one year42/48€38k€94k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€10k€15k▲
Suppliers440/4€10k€15k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€1k▼
Remuneration and social security454/9-€350
Other amounts payable47/48€12k€63k▲
Accrued charges and deferred income492/3€850€828▼
Income statement
Code20242025
Remuneration, social security and pensions62€30k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€41k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€91k€141k▲
Operating profit (loss)9901€16k€57k▲
Financial income75/76B€689€771▲
Recurring financial income75€689€771▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€5k▲
Non-recurring financial charges66B-€632
Profit (loss) for the period before taxes9903€13k€52k▲
Income taxes67/77€2k€18k▲
Profit (loss) for the period9904€11k€34k▲
Profit (loss) for the period to be appropriated9905€11k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€144k€178k▲
Profit (loss) brought forward from the previous period14P€133k€144k▲
Social balance
Average headcount (FTE)90870.01.0▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Equity above €200kEq €214k ▲18.8%
2 profitable years in a row build equity to €214k.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Highest result since 2019net €42k ▲81.7%
Operating result €69k, net result €42k, both a record.
30-06
Financial
Equity above €150kEq €169k ▲33.1%
2 profitable years in a row build equity to €169k.
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
09-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-6k ▼119%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Rochefort · 1 establishment unit since 1998
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.
Rue des Ecureuils 295580 RochefortGround area
1,121 m²
Building footprint
215 m²
Parcel 91114C0728/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Ecureuils 29, 5580 Rochefort
since 19982.089.815.114
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91114C0728/00A000 | Wallonia | 1,121 m² | 1 · 215 m² | - |
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.
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DNV CHAUFFAGE
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MnC
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,766 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-1998
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
45310
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.