Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CEDENFO from Profondeville, company number BE0471566686, closed financial year 2025 with a result of € 106,230 after tax. For that financial year CEDENFO recorded a gross margin of € 135,918 and equity of € 174,169. Compared with financial year 2024, the result moved from € -63,937 to € 106,230. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 19, 2026.
€ 174,169
▲ 105% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 106,230
▲ still € 63,937 loss in 2024
Profit after tax over the fiscal year.
€ 105,009
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 17,000 paid out
16 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 4,784
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,870
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,197
▲ € 21,213 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,311 | € 97,742 | € 61,574 | € 135,918 | ▲ 121% |
| Profit after taxes | € 31,299 | € 70,341 | € -63,937 | € 106,230 | ▲ € 170,167 |
| Equity | € 89,535 | € 159,876 | € 84,939 | € 174,169 | ▲ 105% |
| Total debts | € 62,336 | € 56,206 | € 196,917 | € 175,259 | ▼ 11% |
| Cash | € 118,947 | € 192,867 | € 212,793 | € 105,009 | ▼ 51% |
| Retained profit | € 83,335 | € 153,676 | € 78,739 | € 167,969 | ▲ 113% |
| Dividend | € 15,000 | € 0 | € 11,000 | € 17,000 | ▲ 55% |
| Balance sheet total | € 151,871 | € 216,082 | € 281,856 | € 349,428 | ▲ 24% |
Key figures of CEDENFO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CEDENFO?
What happened at CEDENFO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 106,230. Source: NBB ↗
- New establishment in Profondeville. KBO
- Start of the company according to the CBE. KBO
- Etienne CRESPEIGNE became a director. NBB
In short
From € 31,299 profit in 2022 to € 106,230 profit in 2025.
Paid € 55,015 in corporate taxes since 2022.
Best year ever: 2025, with € 106,230 profit.
Paid out € 43,000 in dividends to the owners in total.
Management
Behind CEDENFO is Etienne CRESPEIGNE.
Directors
According to the 2025 annual accounts
Etienne CRESPEIGNE
Director
since 2000
Establishments
Establishment units
Physical locations of this company
Rue François Steignier(B.V.) 2
5170 Profondeville
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.566.686
- VAT number
- BE 0471.566.686
- Registered office
- Rue François Steignier(B.V.) 2, 5170 Profondeville
- Names & denominations
- CEDENFO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 2000
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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