CABLETRAY
ActiveSummary
The annual accounts of CABLETRAY for fiscal year 2024 show a net loss of 66% of total assets and of 85% of the equity at the start of that year. The 2024 annual accounts show equity of €7,166 and a net result of -€40,311. Equity is shrinking by ~21.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 29% of 15862 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency37▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.2 against 1.5 in 2023; short-term debt: 83.3% and cash: 0.4% of total assets), and 88.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.8%
Return on assets
-66.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€40,311
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
31 d early
2022
on the day
2021
34 d early
2020
1 d early
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€40,311▼ 58.8%
2023 · -€25,377
Working capital
€10,166▼ 77.5%
2023 · €45,235
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€16,013▼ 45.3%-€15,388▲ 3.9%€20,862-€22,913-€36,566▼ 59.6%
Net result-€18,012▼ 39.7%-€17,943▲ 0.4%€19,192-€25,377-€40,311▼ 58.8%
Equity€71,605▼ 20.1%€53,662▼ 25.1%€72,854▲ 35.8%€47,477▼ 34.8%€7,166▼ 84.9%
Total assets€160,884▼ 11.2%€127,574▼ 20.7%€161,130▲ 26.3%€138,473▼ 14.1%€60,785▼ 56.1%
Debt€89,279▼ 2.4%€73,912▼ 17.2%€88,276▲ 19.4%€90,996▲ 3.1%€53,619▼ 41.1%
Working capital€70,868▼ 19.1%€54,154▼ 23.6%€69,415▲ 28.2%€45,235▼ 34.8%€10,166▼ 77.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,566 in 2024 against €22,913 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €60,785
Equity
€7,166 ▼ 84.9%
Debt
€53,619 ▼ 41.1%
Debt's share of the balance-sheet total rises from 65.7% to 88.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.20▼
2023 · 1.50
Debt to equity
7.48▲
2023 · 1.92
ROE
-562.5%▼
2023 · -53.5%
ROA
-66.3%▼
2023 · -18.3%
Debt ≤ 1 year
€50,619▼
2023 · €90,495
Income taxes
€114▼
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,212 | €1,212 | €1,372 | €1,372 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €199 | - | - | - | - |
| Other operating charges640/8 | - | €5,595 | €6,434 | €6,485 | €3,973 | ▼ 38.7% |
| Gross operating margin9900 | €13,682 | -€8,382 | €28,667 | -€15,056 | -€32,593 | ▼ 116% |
| Operating profit (loss)9901 | -€16,013 | -€15,388 | €20,862 | -€22,913 | -€36,566 | ▼ 59.6% |
| Financial income75/76B | - | €676 | €1,130 | €609 | - | - |
| Recurring financial income75 | €955 | €676 | €1,130 | €609 | - | - |
| Financial charges65/66B | - | €3,113 | €2,681 | €2,942 | €3,631 | ▲ 23.4% |
| Recurring financial charges65 | €2,838 | €3,113 | €2,681 | €2,942 | €3,631 | ▲ 23.4% |
| Profit (loss) for the period before taxes9903 | -€17,896 | -€17,826 | €19,311 | -€25,246 | -€40,197 | ▼ 59.2% |
| Income taxes67/77 | €116 | €117 | €120 | €132 | €114 | ▼ 13.4% |
| Profit (loss) for the period9904 | -€18,012 | -€17,943 | €19,192 | -€25,377 | -€40,311 | ▼ 58.8% |
| Profit (loss) for the period to be appropriated9905 | -€18,012 | -€17,943 | €19,192 | -€25,377 | -€40,311 | ▼ 58.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,884 | €127,574 | €161,130 | €138,473 | €60,785 | ▼ 56.1% |
| Fixed assets21/28 | €1,212 | - | €4,115 | €2,743 | - | - |
| Tangible fixed assets22/27 | €1,212 | - | €4,115 | €2,743 | - | - |
| Furniture and vehicles24 | - | - | €4,115 | €2,743 | - | - |
| Current assets29/58 | €159,672 | €127,574 | €157,015 | €135,730 | €60,785 | ▼ 55.2% |
| Stocks and contracts in progress3 | €27,316 | €26,745 | €24,766 | €24,169 | - | - |
| Stocks30/36 | - | €26,745 | €24,766 | €24,169 | - | - |
| Amounts receivable within one year40/41 | €96,593 | €66,084 | €94,234 | €61,114 | €59,835 | ▼ 2.1% |
| Trade receivables40 | - | €52,754 | €83,747 | €48,531 | €59,835 | ▲ 23.3% |
| Other amounts receivable41 | - | €13,329 | €10,487 | €12,583 | - | - |
| Cash at bank and in hand54/58 | €33,972 | €32,992 | €36,496 | €49,859 | €232 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | - | €1,754 | €1,518 | €589 | €717 | ▲ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,884 | €127,574 | €161,130 | €138,473 | €60,785 | ▼ 56.1% |
| Equity10/15 | €71,605 | €53,662 | €72,854 | €47,477 | €7,166 | ▼ 84.9% |
| 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 | €27,600 | €16,200 | €16,200 | €16,200 | €16,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€17,995 | -€24,538 | -€5,346 | -€30,723 | -€71,034 | ▼ 131% |
| Amounts payable17/49 | €89,279 | €73,912 | €88,276 | €90,996 | €53,619 | ▼ 41.1% |
| Amounts payable within one year42/48 | €88,804 | €73,420 | €87,600 | €90,495 | €50,619 | ▼ 44.1% |
| Financial debts43 | - | €6,500 | €4,500 | €4,500 | - | - |
| Credit institutions430/8 | - | €6,500 | €4,500 | €4,500 | - | - |
| Trade debts44 | €69,914 | €61,561 | €81,094 | €84,622 | €38,027 | ▼ 55.1% |
| Suppliers440/4 | - | €61,561 | €81,094 | €84,622 | €38,027 | ▼ 55.1% |
| Advances received on contracts in progress46 | - | - | €1,312 | €619 | €1,216 | ▲ 96.5% |
| Taxes, remuneration and social security45 | - | €817 | €694 | €754 | €1,683 | ▲ 123% |
| Taxes450/3 | - | €117 | €651 | €754 | €1,683 | ▲ 123% |
| Remuneration and social security454/9 | - | €700 | €42 | - | - | - |
| Other amounts payable47/48 | - | €4,543 | - | - | €9,692 | - |
| Accrued charges and deferred income492/3 | - | €492 | €676 | €502 | €3,000 | ▲ 498% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,012 | -€17,943 | €19,192 | -€25,377 | -€40,311 | ▼ 58.8% |
| + Depreciation and write-downs630 | €1,212 | €1,212 | €1,372 | €1,372 | - | - |
| Operating cash flow (approximation) | -€16,800 | -€16,731 | €20,563 | -€24,006 | -€40,311 | ▼ 67.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - | - |
| Change in cash | - | -€980 | €3,505 | €13,362 | -€49,626 | ▼ 471% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€40,311
Net result drops to -€40,311, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,192
Net result €19,192 after 3 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aalst · 1 establishment unit since 1991
Ground area
124 m²
Building footprint
136 m²
Volume, LiDAR
1,256 m³
2 parcels, Brussels, Flanders · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CABLETRAY
since 19912.055.353.784
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0263/00X004 | Brussels | 110 m² | 1 · 136 m² | 16.5 m · 4 fl. |
| 41002A2097/00V000 | Flanders | 13 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 175 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
Founded18-11-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.