Checked.be
Active
BE 0881.216.393Private limited company
GROUP Cé
Diestersteenweg 273 ·3510 Hasselt, Belgium· 20 yrs active
Sector: Wholesale trade
(46713)
Conclusion
GROUP Cé has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €408k and a net result of €14k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €408k |
| Net result | €14k |
| Staff (FTE) | 1 |
| Better than sector | 61% |
Financial profile
69
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
81
Profitability
17
Solvency
97
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2006, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
81
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€35k
estimate, not credit advice
Score history
81
2022
69
2023
89
2024
81
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.11 (≥ 1.5)
+10
Leverage
Debt/equity 0.80 (< 1.0)
+10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 5.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-05-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 55.6% | 44.7% | |
| Net result | €14k | €31k | |
| Equity | €408k | €398k | |
| Gross operating margin | €155k | €211k | |
| Staff costs | €63k | €189k |
€85k
-41.0%
22-25
€14k
-66.0%
22-25
€86k
-19.1%
22-25
€734k
-16.0%
22-25
€408k
+3.4%
22-25
€163k
+44.2%
22-25
1
0.0%
22-25
€63k
+5.4%
22-25
€10k
-56.4%
22-25
€35k
-
22-25
€326k
-32.0%
22-25
€147k
-52.5%
22-25
€179k
+5.0%
22-25
2.11
+54.4%
22-25
0.97
-8.2%
22-25
55.6%
+23.2%
22-25
0.80
-34.3%
22-25
3.3%
-67.2%
22-25
1.8%
-59.6%
22-25
5.39
-29.0%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €85k | €144k | €121k | €260k |
| Net profit | €14k | €40k | €29k | €144k |
| Cash flow | €86k | €106k | €93k | €197k |
| Staff costs | €63k | €60k | €59k | €55k |
| Income taxes | €10k | €23k | €15k | €59k |
| Dividends | - | - | - | €35k |
| Total assets | €734k | €874k | €792k | €927k |
| Equity | €408k | €395k | €350k | €321k |
| Debt | €326k | €480k | €442k | €606k |
| of which ≤ 1y | €147k | €309k | €270k | €338k |
| of which > 1y | €179k | €171k | €173k | €269k |
| Working capital | €163k | €113k | €119k | €168k |
| Employees (FTE) | 1.0 | 1.0 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.11 | 1.37 | 1.44 | 1.50 |
| Quick ratio | 0.97 | 1.06 | 0.95 | 1.14 |
| Working capital ratio | 22.2% | 12.9% | 15.0% | 18.1% |
| Solvency | 55.6% | 45.1% | 44.1% | 34.6% |
| Debt / equity | 0.80 | 1.22 | 1.27 | 1.89 |
| Long-term debt ratio | 0.44 | 0.43 | 0.49 | 0.84 |
| Interest coverage | 5.39 | 7.59 | 7.81 | 29.90 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.8% | 4.6% | 3.6% | 15.5% |
| ROE | 3.3% | 10.1% | 8.2% | 44.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €734k | €874k | €792k | €927k |
| Fixed assets | 21/28 | €424k | €452k | €403k | €421k |
| Tangible fixed assets | 22/27 | €424k | €452k | €403k | €421k |
| Current assets | 29/58 | €309k | €422k | €389k | €506k |
| Stocks & contracts in progress | 3 | €167k | €95k | €132k | €122k |
| Amounts receivable within one year | 40/41 | €42k | €109k | €96k | €269k |
| Cash & bank | 54/58 | €89k | €209k | €152k | €108k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €734k | €874k | €792k | €927k |
| Equity | 10/15 | €408k | €395k | €350k | €321k |
| Contributions / capital | 10/11 | €21k | €21k | €21k | €21k |
| Reserves | 13 | €387k | €373k | €329k | €300k |
| Amounts payable | 17/49 | €326k | €480k | €442k | €606k |
| Amounts payable after one year | 17 | €179k | €171k | €173k | €269k |
| Amounts payable within one year | 42/48 | €147k | €309k | €270k | €338k |
| Trade debts payable within one year | 44 | €50k | €100k | €90k | €128k |
| Income statement | |||||
| Gross operating margin | 9900 | €155k | €214k | €183k | €323k |
| Operating result | 9901 | €12k | €77k | €57k | €208k |
| Financial income | 75 | €3k | €3k | €2k | €4k |
| Financial charges | 65 | €16k | €19k | €15k | €9k |
| Result before taxes | 9903 | €24k | €63k | €44k | €203k |
| Income taxes | 67/77 | €10k | €23k | €15k | €59k |
| Net result for the period | 9904 | €14k | €40k | €29k | €144k |
| Result to be appropriated | 9905 | €14k | €40k | €29k | €144k |
Legal Structure
| NACE primary | Wholesale trade(46713) |
| Legal form | Private limited company(610) |
| Incorporation | 10-05-2006 |
| Status | Active |
| Postal code | 3510 |
Establishment units
GROUP Cé BVBA
since 20062.153.603.502
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71028B0122/00B003 | Flanders | 1,880 m² | 1 · 293 m² | 11.0 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €14k ▼66%
Net result drops to €14k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of motor vehicles, trailers and semi-trailers29320Wholesale trade46713General maintenance and repair of cars and light vans (up to 3.5 tonnes)95311Retail sale of motor vehicle parts and accessories4782050200Other maintenance and repair of motor vehicles95319
Names & trade names
| Legal nameNL | GROUP Cé |
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