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Cabex

Active
Public limited companyfounded 198144 yrs activeRue de la Terre à Briques(MAR) 29, 7522 Tournai, BelgiumKBO/BCE: BE 0422.056.106
Summary

Cabex has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,725 and a net result of -€698. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 95% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability35▲+9
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
short-term debt: 0.5% and cash: 8.9% of total assets, and 1.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · 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
highest failure risk from 2 to 8 years 44 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
20 d early
2023
7 d early
2022
22 d early
2021
3 d early
2020
2 d early
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 26 October 1981, Cabex was incorporated.1 Total assets went from EUR 90,135 in 2019 to EUR 81,667 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€698▲ 81.4%
2024 · -€3,750
Working capital
€78,330▼ 0.2%
2024 · €78,485
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,268▲ 3.4%-€1,315▼ 3.7%-€1,419▼ 7.9%-€3,698▼ 161%-€1,780▲ 51.9%
Net result-€788below the sector's middle half▲ 50.3%-€965below the sector's middle half▼ 22.5%-€1,443below the sector's middle half▼ 49.5%-€3,750below the sector's middle half▼ 160%-€698within the sector's middle half▲ 81.4%
Equity€87,580within the sector's middle half▼ 0.9%€86,615below the sector's middle half▼ 1.1%€85,172below the sector's middle half▼ 1.7%€81,422below the sector's middle half▼ 4.4%€80,725below the sector's middle half▼ 0.9%
Total assets€87,927below the sector's middle half▼ 0.9%€86,962below the sector's middle half▼ 1.1%€85,520below the sector's middle half▼ 1.7%€81,422below the sector's middle half▼ 4.8%€81,667below the sector's middle half▲ 0.3%
Debt€348▼ 10.9%€348=€348=€0▼ 100%€942
Working capital€84,642▼ 1.0%€83,677▼ 1.1%€82,235▼ 1.7%€78,485▼ 4.6%€78,330▼ 0.2%
Solvency99.6%above the sector's middle half=99.6%above the sector's middle half=99.6%above the sector's middle half=100.0%above the sector's middle half▲ 0.4pp98.8%above the sector's middle half▼ 1.2pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€4,000-€3,000-€2,000-€1,000€0Operating result 2021: -€1,268-€1,268Net result 2021: -€788-€788Operating result 2022: -€1,315-€1,315Net result 2022: -€965-€965Operating result 2023: -€1,419-€1,419Net result 2023: -€1,443-€1,443Operating result 2024: -€3,698-€3,698Net result 2024: -€3,750-€3,750Operating result 2025: -€1,780-€1,780Net result 2025: -€698-€69820212022202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€1,419-€1,420Net result 2023: -€1,443-€1,440Operating result 2024: -€3,698-€3,700Net result 2024: -€3,750-€3,750Operating result 2025: -€1,780-€1,780Net result 2025: -€698-€698202320242025
The operating result stays negative: a loss of €1,780 in 2025 against €3,698 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,667
Fixed assets €2,938 =
Current assets €78,730 ▲ 0.3%
Equity and liabilities €81,667
Equity €80,725
Debt €942
Debt finances 1.2% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.01▲
2024 · 0.00
ROE
-0.9%▲
2024 · -4.6%
ROA
-0.9%▲
2024 · -4.6%
Debt ≤ 1 year
€400▲
2024 · €0
A ratio outside any meaningful range has been withheld (balance sheet total €81,667, equity €80,725).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€81,422€81,667▲
Fixed assets21/28€2,938€2,938=
Financial fixed assets28€2,938€2,938=
Current assets29/58€78,485€78,730▲
Amounts receivable within one year40/41-€334
Other amounts receivable41-€334
Current investments50/53-€70,000
Cash at bank and in hand54/58€78,485€7,284▼
Deferred charges and accrued income490/1-€1,112
Equity and liabilities
Total equity and liabilities10/49€81,422€81,667▲
Equity10/15€81,422€80,725▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€19,422€18,725▼
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€13,222€12,525▼
Amounts payable17/49€0€942▲
Amounts payable within one year42/48€0€400▲
Trade debts44€0€400▲
Suppliers440/4€0€400▲
Accrued charges and deferred income492/3-€543
Income statement Code20242025
Other operating charges640/8€633€609▼
Gross operating margin9900-€3,064-€1,171▲
Operating profit (loss)9901-€3,698-€1,780▲
Financial income75/76B-€1,112
Recurring financial income75-€1,112
Financial charges65/66B€53€30▼
Recurring financial charges65€53€30▼
Profit (loss) for the period before taxes9903-€3,750-€698▲
Profit (loss) for the period9904-€3,750-€698▲
Profit (loss) for the period to be appropriated9905-€3,750-€698▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,750-€698▲
Transfer from equity791/2€3,750€698▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€348€348€633€609▼ 3.9%
Gross operating margin9900-€920-€967-€1,071-€3,064-€1,171▲ 61.8%
Operating profit (loss)9901-€1,268-€1,315-€1,419-€3,698-€1,780▲ 51.9%
Financial income75/76B-€418€0-€1,112-
Recurring financial income75€724€418€0-€1,112-
Financial charges65/66B-€68€24€53€30▼ 42.9%
Recurring financial charges65€243€68€24€53€30▼ 42.9%
Profit (loss) for the period before taxes9903-€788-€965-€1,443-€3,750-€698▲ 81.4%
Profit (loss) for the period9904-€788-€965-€1,443-€3,750-€698▲ 81.4%
Profit (loss) for the period to be appropriated9905-€788-€965-€1,443-€3,750-€698▲ 81.4%
Line20212022202320242025Change
Assets
Total assets20/58€87,927€86,962€85,520€81,422€81,667▲ 0.3%
Fixed assets21/28€2,938€2,938€2,938€2,938€2,938=
Financial fixed assets28€2,938€2,938€2,938€2,938€2,938=
Current assets29/58€84,990€84,025€82,582€78,485€78,730▲ 0.3%
Amounts receivable within one year40/41€83,576€0--€334-
Other amounts receivable41-€0--€334-
Current investments50/53----€70,000-
Cash at bank and in hand54/58€1,414€84,025€82,582€78,485€7,284▼ 90.7%
Deferred charges and accrued income490/1----€1,112-
Equity and liabilities
Total equity and liabilities10/49€87,927€86,962€85,520€81,422€81,667▲ 0.3%
Equity10/15€87,580€86,615€85,172€81,422€80,725▼ 0.9%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€25,580€24,615€23,172€19,422€18,725▼ 3.6%
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200=
Legal reserve130-€6,200€6,200€6,200€6,200=
Distributable reserves133-€18,415€16,972€13,222€12,525▼ 5.3%
Amounts payable17/49€348€348€348€0€942-
Amounts payable within one year42/48€348€348€348€0€400-
Trade debts44€348€348€348€0€400-
Suppliers440/4-€348€348€0€400-
Accrued charges and deferred income492/3----€543-
Line20212022202320242025Change
Profit (loss) for the period9904-€788-€965-€1,443-€3,750-€698▲ 81.4%
Operating cash flow (approximation)-€788-€965-€1,443-€3,750-€698▲ 81.4%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€82,611-€1,443-€4,098-€71,201▼ 1,638%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet -€3,750
Net result drops to -€3,750, the lowest in the series; recovery starts the following year.
24-01
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
09-01
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
28-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
29-01
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
09-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
09-01
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
23-02
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

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.

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Directors · office · real estate

Directors
5 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, Tournai · 1 establishment unit since 1981
seat establishment The establishment unit on the map
Ground area
3,455 m²
Building footprint
668 m²
Volume, LiDAR
4,432 m³
Parcel 57050A0166/00D005, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Terre à Briques(MAR) 29D, 7522 Tournai
Holdings
since 19812.019.680.352
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57050A0166/00D005 Wallonia 3,455 m² 1 · 668 m² 7.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. THEO 99.2%
  2. Cabex

Highest known parent: THEO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 40,121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded26-10-1981
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0422056106
Also 9925:BE0422056106
Registered 05-12-2025

Register as of 27 September 2026 · Peppol Directory

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