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D C.E.L.

Active
Private limited companyfounded 20242 yrs activeRoute du Condroz 104/11, 4100 Seraing, BelgiumKBO/BCE: BE 1014.123.815
Summary

The computed 12-month bankruptcy probability of D C.E.L. is 3.0% (moderate). The 2025 annual accounts show equity of €5,498 and a net result of €1,998. Its solvency ranks better than 13% of 28254 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability73
Solvency34
Growth-
Track record67
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.05; short-term debt: 91.4% and cash: 8.2% of total assets), and 91.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 28254 sector peers (2025).
NBB · sector comparison
Position among 28254 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
18 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

On 25 September 2024, D C.E.L. was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€5,498
Total assets
€63,664
Net result
€1,998
Working capital
€2,733

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

Balance-sheet composition
Assets €63,664
Fixed assets €2,765
Current assets €60,900
Equity and liabilities €63,664
Equity €5,498
Debt €58,167
Debt finances 91.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€3,643
Cash flow
€2,800
Current ratio
1.05
Quick ratio
0.83
Debt to equity
10.58
ROE
36.3%
ROA
3.1%
Interest coverage
39.60
Debt ≤ 1 year
€58,167
Income taxes
€842

Peer companies

Historical observation

Of the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
4.9% went bankrupt
2.0% stopped otherwise
92% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,136 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€63,664
Fixed assets21/28€2,765
Tangible fixed assets22/27€2,765
Plant, machinery and equipment23€1,211
Furniture and vehicles24€1,554
Current assets29/58€60,900
Stocks and contracts in progress3€12,500
Stocks30/36€12,500
Amounts receivable within one year40/41€42,254
Trade receivables40€32,504
Other amounts receivable41€9,750
Cash at bank and in hand54/58€5,216
Deferred charges and accrued income490/1€929
Equity and liabilities
Total equity and liabilities10/49€63,664
Equity10/15€5,498
Contributions10/11€3,500
Profit (loss) carried forward14€1,998
Amounts payable17/49€58,167
Amounts payable within one year42/48€58,167
Trade debts44€50,632
Suppliers440/4€50,632
Taxes, remuneration and social security45€7,535
Taxes450/3€2,922
Remuneration and social security454/9€4,613
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€803
Other operating charges640/8€5
Gross operating margin9900€3,648
Operating profit (loss)9901€2,841
Financial income75/76B€91
Recurring financial income75€91
Financial charges65/66B€92
Recurring financial charges65€92
Profit (loss) for the period before taxes9903€2,840
Income taxes67/77€842
Profit (loss) for the period9904€1,998
Profit (loss) for the period to be appropriated9905€1,998
Appropriation of the result
Profit (loss) to be appropriated9906€1,998

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€803
Other operating charges640/8€5
Gross operating margin9900€3,648
Operating profit (loss)9901€2,841
Financial income75/76B€91
Recurring financial income75€91
Financial charges65/66B€92
Recurring financial charges65€92
Profit (loss) for the period before taxes9903€2,840
Income taxes67/77€842
Profit (loss) for the period9904€1,998
Profit (loss) for the period to be appropriated9905€1,998
Line2025
Assets
Total assets20/58€63,664
Fixed assets21/28€2,765
Tangible fixed assets22/27€2,765
Plant, machinery and equipment23€1,211
Furniture and vehicles24€1,554
Current assets29/58€60,900
Stocks and contracts in progress3€12,500
Stocks30/36€12,500
Amounts receivable within one year40/41€42,254
Trade receivables40€32,504
Other amounts receivable41€9,750
Cash at bank and in hand54/58€5,216
Deferred charges and accrued income490/1€929
Equity and liabilities
Total equity and liabilities10/49€63,664
Equity10/15€5,498
Contributions10/11€3,500
Profit (loss) carried forward14€1,998
Amounts payable17/49€58,167
Amounts payable within one year42/48€58,167
Trade debts44€50,632
Suppliers440/4€50,632
Taxes, remuneration and social security45€7,535
Taxes450/3€2,922
Remuneration and social security454/9€4,613
Line2025
Profit (loss) for the period9904€1,998
+ Depreciation and write-downs630€803
Operating cash flow (approximation)€2,800

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
18-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Seraing · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
3,890 m²
Building footprint
1,014 m²
Volume, LiDAR
5,153 m³
Parcel 62019B0173/00N000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
D C.E.L.
Route du Condroz 104, 4100 SeraingSite preparation
since 20242.365.447.641
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62019B0173/00N000 Wallonia 3,890 m² 1 · 1,014 m² 7.0 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.

Similar companies · same sector, comparable size

Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 509 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
Founded25-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43320Joinery installation
43332Laying of wooden floor and wall coverings
43343Specialised construction activities
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014123815
Also 9925:BE1014123815

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.