Windows CE was designed for RISC architectures, primarily ARM, MIPS, and SuperH (SH4), though it also ran on x86. Most pre-made VHD files found online are x86 images intended for thin clients. If you are looking to run software designed for a specific embedded device (like an old GPS running on ARM), a standard x86 VHD will not work.
This method yields a tailored to your needs. windows ce 6.0 vhd download
If building from source is too complex, some enthusiasts have shared ready-to-run VHDs. These often appear on: Windows CE was designed for RISC architectures, primarily
DOSBox cannot handle CE’s kernel requirements. and SuperH (SH4)
If you need a VHD for testing or research, there are three primary avenues.