CESD CONSULTING
ActiveCESD CONSULTING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-6k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy▲ +26 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency84▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 2.24 in 2024), but 59.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.7%
Return on assets
-6%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 8 filingsDeviation from the deadline
2025
10 d late
2024
20 d late
2023
21 d late
2022
60 d early
2021
11 d late
2020
27 d late
2019
101 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€38k▼ 14.5%
2024 · €45k
2018: €14k
2019: €19k
2020: €20k
2021: €35k
2022: €45k
2023: €66k
2024: €45k
2018 → 2025
Total assets
€94k▼ 10.3%
2024 · €105k
2018: €58k
2019: €69k
2020: €56k
2021: €72k
2022: €72k
2023: €126k
2024: €105k
2018 → 2025
Net result
€-6k▲ 72.1%
2024 · €-20k
2018: €1k
2019: €10k
2020: €2k
2021: €10k
2022: €11k
2023: €22k
2024: €-20k
2018 → 2025
Working capital
€30k▼ 7.0%
2024 · €33k
2018: €-1k
2019: €970
2020: €737
2021: €23k
2022: €38k
2023: €51k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€45k▲ 28.4%€66k▲ 47.5%€45k▼ 32.0%€38k▼ 14.5%
Operating result€14k-€17k▲ 26.6%€27k▲ 57.1%€-18k€-4k▲ 77.7%
Net result€10k-€11k▲ 9.3%€22k▲ 106%€-20k€-6k▲ 72.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €18k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94k
Fixed assets
€33k▼ 28.1%
Current assets
€61k▲ 3.4%
Equity and liabilities €94k
Equity
€38k▼ 14.5%
Debt
€56k▼ 7.1%
The debt ratio rises from 57.3% to 59.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€9k▲
2024 · €-5k
Cash flow
€7k▲
2024 · €-7k
Solvency
40.7%▼
2024 · 42.7%
Current ratio
1.99▼
2024 · 2.24
Quick ratio
1.99▼
2024 · 2.24
Debt / equity
1.46▲
2024 · 1.34
ROE
-14.8%▲
2024 · -45.3%
ROA
-6.0%▲
2024 · -19.3%
Interest coverage
6.39▲
2024 · -3.16
Debt
€56k▼
2024 · €60k
Debt ≤ 1 year
€31k▲
2024 · €27k
Debt > 1 year
€25k▼
2024 · €33k
Income taxes
€318▼
2024 · €356
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€105k€94k▼
Fixed assets21/28€45k€33k▼
Tangible fixed assets22/27€45k€32k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€44k€31k▼
Financial fixed assets28€25€25=
Current assets29/58€59k€61k▲
Amounts receivable within one year40/41€21k€26k▲
Trade receivables40€16k€22k▲
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€33k€29k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€105k€94k▼
Equity10/15€45k€38k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€24k€18k▼
Amounts payable17/49€60k€56k▼
Amounts payable after more than one year17€33k€25k▼
Financial debts170/4€33k€25k▼
Amounts payable within one year42/48€27k€31k▲
Current portion of amounts payable after more than one year42€8k€9k▲
Financial debts43€267€233▼
Credit institutions430/8€267€233▼
Trade debts44€10k€16k▲
Suppliers440/4€10k€16k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€583€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€4k€1k▼
Gross operating margin9900€-831€10k▲
Operating profit (loss)9901€-18k€-4k▲
Financial income75/76B€25€100▲
Recurring financial income75€25€100▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-20k€-5k▲
Income taxes67/77€356€318▼
Profit (loss) for the period9904€-20k€-6k▲
Profit (loss) for the period to be appropriated9905€-20k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€19k▼
Profit (loss) brought forward from the previous period14P€45k€24k▼
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €-20k ▼192%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Highest result since 2018net €22k ▲106%
Operating result €27k, net result €22k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Chastre · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Brasserie 51450 ChastreGround area
1,449 m²
Building footprint
128 m²
Volume, LiDAR
787 m³
Parcel 25017A0597/00E000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CESD CONSULTING
since 20182.359.391.574
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017A0597/00E000 | Wallonia | 1,449 m² | 1 · 128 m² | 7.8 m · 2 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.
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 36,267 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
43212Electrical installation work in industrial facilities
74104Other professional, scientific and technical activities
74130Interior design
82300Organisation of conventions and trade shows
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.