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CEFALY Technology

Active
Private limited companyfounded 2004active for 21 yearsBoulevard de Patience et Beaujonc 3, 4000 Liège, Belgium47 active companies are registered at this addressKBO/BCE: BE 0870.578.661
Summary

The computed 12-month bankruptcy probability of CEFALY Technology is 2.2% (moderate). The 2025 annual accounts show negative equity (-€16.0m) and a net result of -€1.6m. Equity is shrinking by about 56% per year across the filed financial years. Its solvency ranks better than 5% of 172 sector peers (NACE 26, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
CEFALY TechnologyActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of computer, electronic and optical products
NACE 26600Manufacture of medical and dental instruments and supplies NACE 32500
1 site
Size
€14.0mturnover 2025
Staff
4.1 FTE
Equity
-€16.0m
Loss
-€1.6m
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.2%
Structure
Parent
DW Luxco Company S.A.R.L.
Holdings
1
Auditor: Baker Tilly Audit, Comptabilité, Conseil2025 accounts filed 80 days late4 of 12 deeds summarised
Why 51raises riskLoss of €1.6m, the second in a row (financial year 2025)Negative equity -€16.0mLast filed accounts filed 80 days late; 3 of the last 3 latelowers riskSize: turnover €14.0m, 4.1 FTE, total assets €4.8mShow the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 26, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -330.9% of total assets
Liquidity 24+15
short-term debt 76.2% · cash 12.3%
Profitability 0=
return on assets -33.8%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (447 companies, NACE 26, micro)
Last 24 months 11-2024: 8.0%highest value 12-2024: 8.0%● unchanged vs 11-2024highest value 01-2025: 8.0%● unchanged vs 12-2024highest value 02-2025: 7.1%▼ -0.9 percentage points vs 01-2025 03-2025: 7.1%● unchanged vs 02-2025 04-2025: 7.1%● unchanged vs 03-2025 05-2025: 5.5%▼ -1.6 percentage points vs 04-2025 06-2025: 6.9%▲ +1.4 percentage points vs 05-2025 07-2025: 7.1%▲ +0.2 percentage points vs 06-2025 08-2025: 6.1%▼ -1.0 percentage point vs 07-2025 09-2025: 6.3%▲ +0.2 percentage points vs 08-2025 10-2025: 6.2%▼ -0.1 percentage points vs 09-2025 11-2025: 6.2%● unchanged vs 10-2025 12-2025: 6.7%▲ +0.5 percentage points vs 11-2025 01-2026: 4.9%▼ -1.8 percentage points vs 12-2025 02-2026: 5.0%▲ +0.1 percentage points vs 01-2026 03-2026: 4.8%▼ -0.2 percentage points vs 02-2026 04-2026: 4.9%▲ +0.1 percentage points vs 03-2026 05-2026: 4.3%▼ -0.6 percentage points vs 04-2026 06-2026: 4.6%▲ +0.3 percentage points vs 05-2026 07-2026: 4.5%▼ -0.1 percentage points vs 06-2026 08-2026: 4.3%▼ -0.2 percentage points vs 07-2026 09-2026: 4.3%● unchanged vs 08-2026 10-2026: 2.2%▼ -2.1 percentage points vs 09-2026lowest value
No credit on open account
Liquidity tight (current ratio 1.31, compared with 0.68 in 2024, below the usual 1.5; short-term debt: 76.2% and cash: 12.3% of total assets), and equity is negative.
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 26, micro): better than 7% on solvency, 15% on liquidity, 10% on profitability and 36% on growth.

The bankruptcy probability was computed on 26-10-2026 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 risk
raises risk · Loss of €1.6m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€16.0m
NBB · annual accounts
lowers risk · Size: turnover €14.0m, 4.1 FTE, total assets €4.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Last filed accounts filed 80 days late; 3 of the last 3 late
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16.0m
raises risk · 2025 accounts filed 80 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-10-2026, 80 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 · 10 filings
Deviation from the deadline
2025
80 days late
2024
125 days late
2023
278 days late
2022
624 days late
2021
912 days late
2020
699 days late
2019
14 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 390 days after the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% 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 5 May (4 of the last 5 filed years within 345 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: Baker Tilly Audit, Comptabilité, Conseil…Permanent representative: Christophe HABETS
  3. Annual accounts filedfinancial year 2024 · unclassified…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€16.0m View
  • Risk: 7 loss-making years in a rowloss financial year 2025 -€1.6m View
  • Caution: Among the weakest 5% on solvencysector median 51.7% · 172 companies -330.9% View
  • Positive: Result rose in 2025from -€6.3m to -€1.6m ▲ 74.0% View
  • Caution: Board changedlatest change 18-11-2025 · 1 in office 1 joined · 1 left View
  • Caution: Latest accounts filed lateafter the legal deadline 80 days View
  • Controlled by DW Luxco Company S.A.R.L.the company in turn controls 1 companies parent View

By topic

Financials

Financial year
2025
Turnover
€14.0m
Loss
-€1.6m
Solvency
-330.9%
Turnover▼ 1.5%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
DW Luxco Company S.A.R.L.
Auditor
Baker Tilly Audit, Comptabilité…
  • Andrew PageDirector
Go to Board & ownership

Timeline

Events
28
Since
2006
Next accounts
by 31-07-2027
  1. 18-11-2025Resignation: Jennifer Trainor McDermott (director)
  2. 05-05-2025Annual accounts filed
  3. 15-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of computer, electronic and optical productsNACE 26600
Founded
13-12-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about CEFALY Technology

What is the company number of CEFALY Technology?
0870.578.661. In Belgium the VAT number is the company number with BE in front: BE 0870.578.661.
Where is CEFALY Technology based?
The registered office is at Boulevard de Patience et Beaujonc 3, 4000 Liège.Company details
What does CEFALY Technology do?
According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26600).
What is the legal form of CEFALY Technology?
Private limited company (BV).
When was CEFALY Technology founded?
On 13-12-2004.
Is CEFALY Technology still active?
Yes, CEFALY Technology is an active enterprise in the KBO register.
How many employees does CEFALY Technology have?
On average 4.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CEFALY Technology?
€14.0m in financial year 2025, according to the filed annual accounts.
Is CEFALY Technology profitable?
In financial year 2025, CEFALY Technology made a loss of €1.6m.
Where can I find the annual accounts of CEFALY Technology?
CEFALY Technology filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CEFALY Technology due?
By 31-07-2027, for financial year 2026.Timeline

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