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CEDCO SOLUTIONS

Active
Private limited company (pre-2019)founded 2016active for 10 yearsBarnkrachtstraat 29/31, 2170 Antwerpen, BelgiumKBO/BCE: BE 0652.629.460
Summary

The computed 12-month bankruptcy probability of CEDCO SOLUTIONS is 4.1% (elevated). The 2024 annual accounts show equity of €50,212 and a net result of €15,633. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 32% of 6,611 sector peers (NACE 49, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Freight transport by road
NACE 49410Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
1 site
Size
€249,448total assets 2024
Equity
€50,212
Profit
€15,633
Turnover not published (micro format)
Financial health
49 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.1%
Structure
Accounts 82 days overdue0 of 1 deed read
Why 49raises riskFigures for financial year 2024 (filed 20-10-2025)1 financial year not filed after the legal deadline; latest accounts 79 days late; 3 of the last 3 lateSector: Land transport and transport via pipelines (NACE 49)lowers riskLiquidity: current ratio 1.20, cash €56,692Show the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 50% of its sector peers (NACE 49, micro)
Financial strength · tick = 2023
Average
Solvency 45+7
equity 20.1% of total assets
Liquidity 35-10
short-term debt 79.9% · cash 22.7%
Profitability 77+9
return on assets 6.3%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,092 companies, NACE 49, micro)
Last 24 months 11-2024: 4.1% 12-2024: 4.1%● unchanged vs 11-2024 01-2025: 4.1%● unchanged vs 12-2024 02-2025: 4.1%● unchanged vs 01-2025 03-2025: 4.0%▼ -0.1 percentage points vs 02-2025 04-2025: 4.1%▲ +0.1 percentage points vs 03-2025 05-2025: 4.0%▼ -0.1 percentage points vs 04-2025 06-2025: 3.9%▼ -0.1 percentage points vs 05-2025 07-2025: 4.0%▲ +0.1 percentage points vs 06-2025 08-2025: 4.2%▲ +0.2 percentage points vs 07-2025 09-2025: 4.6%▲ +0.4 percentage points vs 08-2025 10-2025: 5.8%▲ +1.2 percentage points vs 09-2025highest value 11-2025: 2.3%▼ -3.5 percentage points vs 10-2025 12-2025: 2.3%● unchanged vs 11-2025 01-2026: 2.3%● unchanged vs 12-2025 02-2026: 2.3%● unchanged vs 01-2026 03-2026: 2.3%● unchanged vs 02-2026 04-2026: 2.3%● unchanged vs 03-2026 05-2026: 2.3%● unchanged vs 04-2026 06-2026: 2.2%▼ -0.1 percentage points vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026lowest value 08-2026: 2.8%▲ +0.6 percentage points vs 07-2026 09-2026: 3.1%▲ +0.3 percentage points vs 08-2026 10-2026: 4.1%▲ +1.0 percentage point vs 09-2026
Credit of up to €2,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.2, compared with 4.89 in 2023, below the usual 1.5; short-term debt: 79.9% and cash: 22.7% of total assets), and 79.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 32% on solvency, 32% on liquidity, 58% on profitability and 80% on growth.

The bankruptcy probability was computed on 20-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 20-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 79 days late; 3 of the last 3 late
NBB · filings
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Liquidity: current ratio 1.20, cash €56,692
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 82 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline21-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-10-2025, 79 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
79 days late
2023
61 days late
2022
31 days late
2021
31 days late
2020
31 days late
2019
89 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 54 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Back to profitnet €15,633
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 82 days late View
  • Among the largest 17% on gross marginsector median €39,636 · 6,557 companies €186,609 View
  • Total assets 20246 financial years filed €249,448 View

By topic

Financials

Financial year
2024
Total assets
€249,448
Profit
€15,633
Solvency
20.1%
Total assets▼ 6.8%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2017
  1. 31-12-2023Weakest financial year
  2. 31-08-2023Annual accounts filed
  3. 31-12-2022Liquidity quadruples
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Freight transport by roadNACE 49410
Founded
19-04-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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