CED SERVICES
CED SERVICES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295k and a net result of €77k. Equity is growing by ~46.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 1258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €295k |
| Net result | €77k |
| Better than sector | 46% |
| Active | 15 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.3% | 45.8% | |
| Net result | €77k | €16k | |
| Equity | €295k | €57k | |
| Gross operating margin | €183k | €46k | |
| Staff costs | €35k | €30k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €143k | €153k | €66k | €63k |
| Net profit | €77k | €90k | €30k | €30k |
| Cash flow | €90k | €100k | €41k | €39k |
| Staff costs | €35k | €36k | €67k | €48k |
| Income taxes | €32k | €37k | €17k | €13k |
| Dividends | - | - | - | - |
| Total assets | €698k | €535k | €331k | €245k |
| Equity | €295k | €218k | €128k | €98k |
| Debt | €403k | €317k | €203k | €147k |
| of which ≤ 1y | €118k | €218k | €135k | €129k |
| of which > 1y | €284k | €99k | €68k | €18k |
| Working capital | €532k | €294k | €174k | €85k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 5.49 | 2.35 | 2.29 | 1.66 |
| Quick ratio | 1.55 | 1.27 | 1.64 | 1.66 |
| Working capital ratio | 76.3% | 55.0% | 52.7% | 34.8% |
| Solvency | 42.3% | 40.7% | 38.6% | 39.9% |
| Debt / equity | 1.37 | 1.46 | 1.59 | 1.51 |
| Long-term debt ratio | 0.96 | 0.46 | 0.53 | 0.18 |
| Interest coverage | 6.87 | 13.42 | 7.87 | 6.02 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 11.0% | 16.8% | 9.1% | 12.4% |
| ROE | 26.1% | 41.3% | 23.5% | 31.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €698k | €535k | €331k | €245k |
| Fixed assets | 21/28 | €47k | €23k | €21k | €31k |
| Tangible fixed assets | 22/27 | €41k | €17k | €15k | €24k |
| Financial fixed assets | 28 | €6k | €6k | €6k | €6k |
| Current assets | 29/58 | €651k | €512k | €310k | €215k |
| Stocks & contracts in progress | 3 | €467k | €235k | €88k | - |
| Amounts receivable within one year | 40/41 | €179k | €209k | €174k | €168k |
| Cash & bank | 54/58 | €6k | €67k | €47k | €47k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €698k | €535k | €331k | €245k |
| Equity | 10/15 | €295k | €218k | €128k | €98k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €276k | €199k | €109k | €79k |
| Accumulated profits (losses) | 14 | €245 | €136 | €102 | €67 |
| Amounts payable | 17/49 | €403k | €317k | €203k | €147k |
| Amounts payable after one year | 17 | €284k | €99k | €68k | €18k |
| Amounts payable within one year | 42/48 | €118k | €218k | €135k | €129k |
| Trade debts payable within one year | 44 | €4k | €120k | €65k | €52k |
| Income statement | |||||
| Gross operating margin | 9900 | €183k | €191k | €136k | €114k |
| Operating result | 9901 | €130k | €143k | €55k | €54k |
| Financial income | 75 | €250 | - | - | - |
| Financial charges | 65 | €21k | €11k | €8k | €10k |
| Result before taxes | 9903 | €109k | €127k | €47k | €44k |
| Income taxes | 67/77 | €32k | €37k | €17k | €13k |
| Net result for the period | 9904 | €77k | €90k | €30k | €30k |
| Result to be appropriated | 9905 | €77k | €90k | €30k | €30k |
-
HENNART CédricDirectorState Gazette act 25322216 (01-04-2025)Current01-04-2025 → present
4 events
- 01-04-2025 Resigned· Manager
- 01-04-2025 Appointed· Director
- 01-04-2025 Appointed· Managing director
- 01-04-2025 Appointed· Personne déléguée à la gestion journalière
Permanent representatives (1)
-
HENNART CédricReprésentant permanentState Gazette act 25322216 (01-04-2025)Permanent representative01-04-2025 → present
| NACE primary | Repair and maintenance of electrical equipment(33140) |
| Legal form | Private limited company(610) |
| Incorporation | 21-10-2010 |
| Status | Active |
| Postal code | 7608 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57090A1470/00F000 | Wallonia | 2,411 m² | 1 · 427 m² | - |
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
01-04-2025 4 directors appointed, 1 resigning
- HENNART Cédric, Bestuurder
- HENNART Cédric, Gedelegeerd bestuurder
- HENNART Cédric, Représentant permanent
- HENNART Cédric, Personne déléguée à la gestion journalière
- HENNART Cédric, Zaakvoerder
Technical details
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}| Legal nameFR | CED SERVICES |