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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Shrinking team NBB
FTE fell two years in a row, from 6.8 to 5.6.
Financials
Financial year 2025
CED & Co from Saint-Ghislain, company number BE0823376382, closed financial year 2025 with a result of € 120,311 after tax. For that financial year CED & Co recorded a gross margin of € 353,438 and equity of € 192,433. Compared with financial year 2024, the result moved from € -35,444 to € 120,311. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 192,433
▲ 167% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 120,311
▲ still € 35,444 loss in 2024
Profit after tax over the fiscal year.
€ 93,201
▲ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 92,433.
People and assets in 2025
5.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 156,478
▼ 48% vs 2024
€ 27,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 457,550
▼ 10% vs 2024
€ 38,332 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 4,026
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,154
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 351,131 | € 341,443 | € 325,536 | € 353,438 | ▲ 9% |
| Profit after taxes | € 11,936 | € -5,412 | € -35,444 | € 120,311 | ▲ € 155,755 |
| Equity | € 112,978 | € 107,565 | € 72,122 | € 192,433 | ▲ 167% |
| Total debts | € 739,982 | € 739,145 | € 737,171 | € 497,247 | ▼ 33% |
| Cash | € 46,122 | € 52,607 | € 62,897 | € 93,201 | ▲ 48% |
| Land & buildings | € 650,171 | € 624,926 | € 599,681 | € 574,436 | ▼ 4% |
| Retained profit | € 12,978 | € 7,565 | € -27,878 | € 92,433 | ▲ € 120,311 |
| Bank debt | € 586,537 | € 555,148 | € 509,108 | € 457,550 | ▼ 10% |
| Balance sheet total | € 852,960 | € 846,711 | € 809,293 | € 689,680 | ▼ 15% |
| Employees (FTE) | 6.9 | 6.8 | 5.8 | 5.6 | ▼ 0.2 |
Key figures of CED & Co, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CED & Co?
What happened at CED & Co in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 120,311. Source: NBB ↗
- New establishment in Saint-Ghislain. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,936 profit in 2022 to € 120,311 profit in 2025.
Paid € 30,349 in corporate taxes since 2022.
Best year ever: 2025, with € 120,311 profit.
On average € 63,100 of value added per employee in 2025.
Management
Behind CED & Co is CEDRIC MAES. CEDRIC MAES is also behind LUNAREST.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue des Chaufours(H) 75
7334 Saint-Ghislain
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0823.376.382
- VAT number
- BE 0823.376.382
- Registered office
- Rue des Chaufours(H) 75, 7334 Saint-Ghislain
- Names & denominations
- CED & Co
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 2010
- Peppol
- Active · Active since 1 Dec 2025