CEY

Active

Private limited companyfounded 200620 yrs activeVifquinstraat 20, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0880.627.762

Summary

The computed 12-month bankruptcy probability of CEY is 3.3% (moderate). The 2024 annual accounts show negative equity (€-15k) and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 6717 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

26 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability3▼-75

Solvency14▼-12

Growth58=

Track record100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.79 against 0.89 in 2023; short-term debt: 111.5% and cash: 22.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

-11.5%

Return on assets

-12.5%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-15k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

50 d late

2023

85 d late

2022

65 d late

2021

78 d late

2020

90 d late

2019

117 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-15k

2023 · €1k

2018: €43k 2019: €-8k 2020: €-28k 2021: €-31k 2022: €-43k 2023: €1k

2018 → 2024

Total assets

€135k▼ 5.7%

2023 · €143k

2018: €177k 2019: €141k 2020: €88k 2021: €70k 2022: €45k 2023: €143k

2018 → 2024

Net result

€-17k

2023 · €45k

2018: €-19k 2019: €-51k 2020: €-30k 2021: €-2k 2022: €-13k 2023: €45k

2018 → 2024

Working capital

€-32k▼ 97.2%

2023 · €-16k

2018: €7k 2019: €-36k 2020: €-42k 2021: €-47k 2022: €-53k 2023: €-16k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-28k-€-31k▼ 8.1%€-43k▼ 41.8%€1k€-15k

Operating result€-27k-€5k€-5k€76k€-4k

Net result€-30k-€-2k▲ 92.4%€-13k▼ 458%€45k€-17k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €4k after €76k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €135k

12.1%

87.9%

Fixed assets €16k ▼ 7.1%

Current assets €118k ▼ 5.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-2k▼

2023 · €83k

Cash flow

€-14k▼

2023 · €51k

Solvency

-11.5%▼

2023 · 1.0%

Current ratio

0.79▼

2023 · 0.89

Debt to equity

-9.70

ROA

-12.5%▼

2023 · 31.3%

Interest coverage

-0.14▼

2023 · 3.32

Debt

€150k▲

2023 · €141k

Debt ≤ 1 year

€150k▲

2023 · €141k

Income taxes

€295▼

2023 · €7k

Staff costs

€110k▼

2023 · €157k

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 · 2024 against 2023 · 41 lines

Balance sheet Code20232024

Assets

Total assets20/58€143k€135k▼

Fixed assets21/28€18k€16k▼

Tangible fixed assets22/27€3k€361▼

Plant, machinery and equipment23€721€361▼

Furniture and vehicles24€2k-

Financial fixed assets28€15k€16k▲

Current assets29/58€125k€118k▼

Amounts receivable within one year40/41€70k€81k▲

Trade receivables40€33k€19k▼

Other amounts receivable41€37k€62k▲

Cash at bank and in hand54/58€48k€30k▼

Deferred charges and accrued income490/1€8k€8k▼

Equity and liabilities

Total equity and liabilities10/49€143k€135k▼

Equity10/15€1k€-15k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-19k€-36k▼

Amounts payable17/49€141k€150k▲

Amounts payable within one year42/48€141k€150k▲

Trade debts44€28k€26k▼

Suppliers440/4€28k€26k▼

Taxes, remuneration and social security45€113k€124k▲

Taxes450/3€96k€111k▲

Remuneration and social security454/9€17k€12k▼

Income statement Code20232024

Remuneration, social security and pensions62€157k€110k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼

Other operating charges640/8€17k€14k▼

Gross operating margin9900€257k€123k▼

Operating profit (loss)9901€76k€-4k▼

Financial income75/76B€1€1▲

Recurring financial income75€1€1▲

Financial charges65/66B€25k€12k▼

Recurring financial charges65€25k€12k▼

Profit (loss) for the period before taxes9903€51k€-17k▼

Income taxes67/77€7k€295▼

Profit (loss) for the period9904€45k€-17k▼

Profit (loss) for the period to be appropriated9905€45k€-17k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-19k€-36k▼

Profit (loss) brought forward from the previous period14P€-64k€-19k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

19-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 50 days late

2024

24-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 85 days late

2023

31-12

Financial Back to profitnet €45k

Net result €45k after 5 loss-making years.

04-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 65 days late

2022

17-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 78 days late

2021

29-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 90 days late

2020

25-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 117 days late

2019

31-12

Financial Weakest financial yearnet €-51k

Net result drops to €-51k, the lowest in the series; recovery starts the following year.

13-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 44 days late

2018

17-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 78 days late

2017

18-10

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 79 days late

2016

22-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 22 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Schaarbeek · 1 establishment unit since 2006

establishment The establishment unit on the map

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.

Vifquinstraat 201030 Schaarbeek

Ground area

113 m²

Building footprint

77 m²

Volume, LiDAR

798 m³

Parcel 21906D0324/00M008, Brussels · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Vifquinstraat 20, 1030 Schaarbeek

NACE 6024201

since 20062.153.584.496

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21906D0324/00M008	Brussels	113 m²	1 · 77 m²	16.4 m · 4 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.

Recognitions · licences · registrations

Parcel delivery

Notified to the BIPT

since 23-05-2024

Similar companies · same sector, comparable size

transport et terrassements Bianco & fils

La Louvière · Eq €1,388

Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 1,062 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 formPrivate limited company

Founded11-04-2006

Fiscal year end31-12

Activities, NACEBEL 2025

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.