CESACO
ActiveSummary
CESACO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €20k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 82% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 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
Profitability55▲+46
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 10.26; short-term debt: 8.3% and cash: 15% of total assets), and 19.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
80.7%
Return on assets
16.9%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
2 d early
2023
1 d early
2022
on the day
2021
1 d early
2020
63 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€96k▲ 15.7%
2024 · €83k
2018: €113k
2019: €98k
2020: €100k
2021: €106k
2022: €129k
2023: €90k
2024: €83k
2018 → 2025
Total assets
€119k▲ 42.9%
2024 · €83k
2018: €315k
2019: €800k
2020: €1.28M
2021: €227k
2022: €158k
2023: €201k
2024: €83k
2018 → 2025
Net result
€20k
2024 · €-7k
2018: €112k
2019: €33k
2020: €1k
2021: €7k
2022: €22k
2023: €-39k
2024: €-7k
2018 → 2025
Working capital
€92k▲ 41.9%
2024 · €65k
2018: €108k
2019: €96k
2020: €99k
2021: €82k
2022: €107k
2023: €71k
2024: €65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€129k▲ 21.0%€90k▼ 30.2%€83k▼ 7.6%€96k▲ 15.7%
Operating result€49k-€38k▼ 23.5%€-39k€-6k▲ 84.1%€43k
Net result€7k-€22k▲ 231%€-39k€-7k▲ 82.5%€20k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €43k after a loss of €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119k
Fixed assets
€18k ▼ 4.6%
Current assets
€102k ▲ 56.6%
Equity and liabilities €119k
Equity
€96k ▲ 15.7%
Debt
€23k ▲ 8,275%
Debt's share of the balance-sheet total rises from 0.3% to 19.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €-5k
Cash flow
€21k▲
2024 · €-6k
Current ratio
10.26
Debt to equity
0.24▲
2024 · 0.00
ROE
21.0%▲
2024 · -8.2%
ROA
16.9%▲
2024 · -8.1%
Interest coverage
1.78▲
2024 · -8.24
Debt ≤ 1 year
€10k▲
2024 · €275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83k€119k▲
Fixed assets21/28€19k€18k▼
Tangible fixed assets22/27€18k€17k▼
Furniture and vehicles24€256€17▼
Other tangible fixed assets26€18k€17k▼
Financial fixed assets28€520€520=
Current assets29/58€65k€102k▲
Amounts receivable within one year40/41€36k€84k▲
Trade receivables40€250€36k▲
Other amounts receivable41€35k€47k▲
Cash at bank and in hand54/58€29k€18k▼
Equity and liabilities
Total equity and liabilities10/49€83k€119k▲
Equity10/15€83k€96k▲
Contributions10/11€70k€70k=
Capital10€70k€70k=
Issued capital100€70k€70k=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€6k€19k▲
Amounts payable17/49€275€23k▲
Amounts payable within one year42/48€275€10k▲
Trade debts44€275€10k▲
Suppliers440/4€275€10k▲
Accrued charges and deferred income492/3-€13k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€849€849=
Other operating charges640/8€512€757▲
Gross operating margin9900€-5k€45k▲
Operating profit (loss)9901€-6k€43k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€643€25k▲
Recurring financial charges65€643€25k▲
Profit (loss) for the period before taxes9903€-7k€20k▲
Profit (loss) for the period9904€-7k€20k▲
Profit (loss) for the period to be appropriated9905€-7k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€27k▲
Profit (loss) brought forward from the previous period14P€13k€6k▼
Profit to be distributed694/7-€7k
Return on contributions (dividend)694-€7k
The notes to these accounts (6 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
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 143current ratio 235.50
Current ratio from 1.65 to 235.50; short-term debt falls from €110k to €275.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity triplescurrent ratio 4.75
Current ratio from 1.68 to 4.75; short-term debt falls from €121k to €28k.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €100kEq €106k ▲6.8%
4 profitable years in a row build equity to €106k.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 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, Brasschaat · 1 establishment unit since 1996
Ground area
3,889 m²
Building footprint
1,108 m²
Volume, LiDAR
16,453 m³
Parcel 11324D0381/00L000, Flanders · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Cesaco
since 19962.077.886.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0381/00L000 | Flanders | 3,889 m² | 1 · 1,108 m² | 20.1 m · 5 fl. |
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.
Similar companies · same sector, comparable size
NOE-BEKISTINGTECHNIEK
BE 0461.112.066
Zaventem · Eq €96,763
MULTITEL EXPORT
BE 0808.282.588
Plombières · Eq €97,206
DC MIX
BE 1015.933.557
Philippeville · Eq €99,334
DE CEUSTER WALLONIA
BE 0764.375.044
Fernelmont · Eq €99,406
Rototilt
BE 1008.459.807
Gent · Eq €93,094
Of 388 companies in sector 46630 we hold annual accounts for 276. 145 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-06-1996
Fiscal year end30-09
Activities, NACEBEL 2025
46630Wholesale trade
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.