Equity
-€882,245
Debts exceed assets in financial year 2025.
CAEX
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €264,034 (2009)
-€2,676▼ €31
lowest -€212,383 (2016)
-€35,823▼ €4,640
peak €322,897 (2012)
-€882,245▼ €35,823
€1.2m▲ 36.0%
peak 1 FTE (2016)
-not published
Board3 names since 2022
3 directorsVERELST Kay and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
25-07-20266 days before the deadline
2025abbreviated format
Loss of €35,823Debts from €847,844 to €1.2mCash from €1,294 to €296
Key points
from the 2025 annual accountsLosses
-€1.2m in 13 years
Every financial year from 2013 to 2025 closed with a loss. 2016 was the heaviest.
Debts
€1.2m 426% of the balance sheet
After one year 100%Within one year 0%
Of this, €768 falls due within a year.
Turnover not published (abbreviated or micro format)
Checked score
54
Fair
Financially stronger than 26% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025
08-2025: 0.5%▼ -0.3 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026lowest value
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 1.4%● unchanged vs 08-2026highest value
10-2026: 1.4%● unchanged vs 09-2026highest value
11-2026: 1.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€882,245
Loss of €35,823, the second in a row (financial year 2025)
Liquidity: current ratio 352.03, cash €296, halved
lowers risk
Size: total assets €270,481
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 53% on liquidity, 14% on profitability and 32% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as CAEX has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAEX itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for CAEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Short-term debt is 0.3% and cash 0.1% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€882,245
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 days early
2024
35 days early
2023
30 days early
2022
5 days early
2021
5 days early
2020
24 days early
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451783141
1 director resigning, 2 reappointments
Change of role: VERELST Lyn, from director to managing director · Resignation: VERELST Kay · Reappointments: VERELST Kay (director) and VERELST Lyn (director) · Gazette deed
Reappointments: Kay Verelst (director) and Lyn Verelst (director)
General meeting of 09-06-2022 · Gazette deed
Registered office moved to Putte
New registered office: Leuvensebaan 211, 2580 PUTTE · Board meeting of 15-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CAEX Putte | €270,481 | -€2,676 | -326.2% | - |
| Expertisebureau IMA Balen | €211,646 | €836 | 98.4% | - |
| MEDESTIME Charleroi | €231,746 | -€38,922 | -292.8% | - |
| AB2 Etterbeek | €278,131 | -€4,688 | 55.4% | - |
| CM ORTHOPAEDIC Kalmthout | €371,439 | -€699 | 7.5% | 0 |
| Roller Willebroek | €167,766 | -€1,056 | 97.9% | - |
| PROVIDENTAL Antwerp | €517,153 | -€92,794 | 4.9% | - |
These companies have the same main activity as CAEX: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €168,000 and €517,000, founded between 1987 and 1998.
Official details
Source: KBO- Status
- Active since 28-01-1994Normal situation
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460and 2 others
- Establishment unit
- 2.065.469.6962580 Putte, since 07-02-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 17-07-2026
Annual accounts 2025
- €270,481▲ 190×
- Filing
- Filed on 25-07-2026, 6 days before the end of the filing period
Insights on CAEX
CAEX files the abbreviated format. That format states no turnover. The gross margin fell from €11,244 in 2006 to -€2,676 in 2025.
In March 2024, the Official Gazette published the appointment of VERELST Lyn as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CAEX
- What is the company number of CAEX?
- The company number of CAEX is 0451.783.141. The VAT number is the same number with BE in front: BE 0451.783.141.
- Where is CAEX based?
- The registered office is at Leuvensebaan 211, 2580 Putte.Company details
- What does CAEX do?
- According to the KBO register, the main activity is wholesale of pharmaceutical and medical goods (NACE 46460).
- What is the legal form of CAEX?
- CAEX is a public limited company (NV).
- When was CAEX founded?
- CAEX was founded on 28-01-1994.
- Is CAEX still active?
- Yes, CAEX is an active enterprise in the KBO register.
- How many employees does CAEX have?
- CAEX had an average of 0.3 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of CAEX?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is CAEX profitable?
- In financial year 2025, CAEX made a loss of €35,823.
- Where can I find the annual accounts of CAEX?
- CAEX filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CAEX due?
- CAEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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