CAEX
ActiveSummary
CAEX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-882k) and a net result of €-36k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▲+4
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.3% and cash: 0.1% of total assets, and equity is negative.
Credit check for your own amount and term
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 2025Solvency, return and age of the figures
Solvency
-326.2%
Return on assets
-13.2%
Age of the figures
9 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 · 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 €-882k
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 d early
2024
35 d early
2023
30 d early
2022
5 d early
2021
5 d early
2020
24 d early
2019
26 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-882k▼ 4.2%
2024 · €-846k
2018: €-240khighest in 8 years
2019: €-422k▼ -76.0% vs 2018
2020: €-603k▼ -43.0% vs 2019
2021: €-702k▼ -16.3% vs 2020
2022: €-774k▼ -10.3% vs 2021
2023: €-815k▼ -5.3% vs 2022
2024: €-846k▼ -3.8% vs 2023
2025: €-882k▼ -4.2% vs 2024lowest in 8 years
2018 → 2025
Total assets
€270k▲ 18,933%
2024 · €1k
2018: €72k
2019: €82k▲ +13.8% vs 2018
2020: €101k▲ +23.7% vs 2019
2021: €62k▼ -38.5% vs 2020
2022: €2k▼ -96.3% vs 2021
2023: €2k▼ -32.4% vs 2022
2024: €1k▼ -7.5% vs 2023lowest in 8 years
2025: €270k▲ +18933% vs 2024highest in 8 years
2018 → 2025
Net result
€-36k▼ 14.9%
2024 · €-31k
2018: €-137k
2019: €-182k▼ -33.2% vs 2018lowest in 8 years
2020: €-181k▲ +0.5% vs 2019
2021: €-99k▲ +45.7% vs 2020
2022: €-72k▲ +26.7% vs 2021
2023: €-41k▲ +43.1% vs 2022
2024: €-31k▲ +24.2% vs 2023highest in 8 years
2025: €-36k▼ -14.9% vs 2024
2018 → 2025
Working capital
€270k▲ 38,975%
2024 · €690
2018: €-285k
2019: €-439k▼ -53.6% vs 2018lowest in 8 years
2020: €2k▲ +100% vs 2019
2021: €2k▼ -21.5% vs 2020
2022: €2k▲ +14.7% vs 2021
2023: €-2k▼ -222% vs 2022
2024: €690▲ +132% vs 2023
2025: €270k▲ +38975% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-702k-€-774k▼ 10.3%€-815k▼ 5.3%€-846k▼ 3.8%€-882k▼ 4.2%
2021: €-702khighest in 5 years
2022: €-774k▼ -10.3% vs 2021
2023: €-815k▼ -5.3% vs 2022
2024: €-846k▼ -3.8% vs 2023
2025: €-882k▼ -4.2% vs 2024lowest in 5 years
Operating result€-90k-€-63k▲ 30.0%€-8k▲ 88.0%€-3k▲ 56.5%€-3k▼ 1.2%
2021: €-90klowest in 5 years
2022: €-63k▲ +30.0% vs 2021
2023: €-8k▲ +88.0% vs 2022
2024: €-3k▲ +56.5% vs 2023highest in 5 years
2025: €-3k▼ -1.2% vs 2024
Net result€-99k-€-72k▲ 26.7%€-41k▲ 43.1%€-31k▲ 24.2%€-36k▼ 14.9%
2021: €-99klowest in 5 years
2022: €-72k▲ +26.7% vs 2021
2023: €-41k▲ +43.1% vs 2022
2024: €-31k▲ +24.2% vs 2023highest in 5 years
2025: €-36k▼ -14.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €3k in 2024; the loss grows.
Key figures and ratios
Solvency
-326.2%
Debt to equity
-1.31
ROA
-13.2%
Debt
€1.15M▲
2024 · €848k
Debt ≤ 1 year
€768▲
2024 · €731
Debt > 1 year
€1.15M▲
2024 · €847k
A ratio outside any meaningful range has been withheld (balance sheet total €270k, equity €-882k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1k€270k▲
Current assets29/58€1k€270k▲
Amounts receivable within one year40/41€127€270k▲
Trade receivables40-€270k
Other amounts receivable41€127€186▲
Cash at bank and in hand54/58€1k€296▼
Equity and liabilities
Total equity and liabilities10/49€1k€270k▲
Equity10/15€-846k€-882k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-915k€-950k▼
Amounts payable17/49€848k€1.15M▲
Amounts payable after more than one year17€847k€1.15M▲
Other amounts payable178/9€847k€1.15M▲
Amounts payable within one year42/48€731€768▲
Trade debts44€731€768▲
Suppliers440/4€731€768▲
Accrued charges and deferred income492/3€155€155=
Income statement
Code20242025
Other operating charges640/8€635€643▲
Gross operating margin9900€-3k€-3k▼
Operating profit (loss)9901€-3k€-3k▼
Financial charges65/66B€28k€33k▲
Recurring financial charges65€28k€33k▲
Profit (loss) for the period before taxes9903€-31k€-36k▼
Profit (loss) for the period9904€-31k€-36k▼
Profit (loss) for the period to be appropriated9905€-31k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-915k€-950k▼
Profit (loss) brought forward from the previous period14P€-883k€-915k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €77k | €-256 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €0 | - | - | - | - |
| Other operating charges640/8 | €781 | €1k | €2k | €635 | €643 | ▲ 1.3% |
| Non-recurring operating charges66A | - | €57k | €0 | - | - | - |
| Gross operating margin9900 | €-354 | €-5k | €-5k | €-3k | €-3k | ▼ 1.2% |
| Operating profit (loss)9901 | €-90k | €-63k | €-8k | €-3k | €-3k | ▼ 1.2% |
| Financial income75/76B | €81 | €2 | €0 | - | - | - |
| Recurring financial income75 | €81 | €2 | €0 | - | - | - |
| Financial charges65/66B | €9k | €9k | €34k | €28k | €33k | ▲ 16.5% |
| Recurring financial charges65 | €9k | €9k | €34k | €28k | €33k | ▲ 16.5% |
| Profit (loss) for the period before taxes9903 | €-99k | €-72k | €-41k | €-31k | €-36k | ▼ 14.9% |
| Profit (loss) for the period9904 | €-99k | €-72k | €-41k | €-31k | €-36k | ▼ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €-99k | €-72k | €-41k | €-31k | €-36k | ▼ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €2k | €2k | €1k | €270k | ▲ 18,933% |
| Fixed assets21/28 | €60k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €57k | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €44k | €0 | - | - | - | - |
| Furniture and vehicles24 | €9k | €0 | - | - | - | - |
| Other tangible fixed assets26 | €3k | €0 | - | - | - | - |
| Financial fixed assets28 | €2k | €0 | - | - | - | - |
| Current assets29/58 | €3k | €2k | €2k | €1k | €270k | ▲ 18,933% |
| Amounts receivable within one year40/41 | €315 | €175 | €1k | €127 | €270k | ▲ 212,913% |
| Trade receivables40 | €40 | €100 | €0 | - | €270k | - |
| Other amounts receivable41 | €275 | €75 | €1k | €127 | €186 | ▲ 46.3% |
| Cash at bank and in hand54/58 | €2k | €2k | €472 | €1k | €296 | ▼ 77.2% |
| Deferred charges and accrued income490/1 | €38 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €2k | €2k | €1k | €270k | ▲ 18,933% |
| Equity10/15 | €-702k | €-774k | €-815k | €-846k | €-882k | ▼ 4.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-770k | €-842k | €-883k | €-915k | €-950k | ▼ 3.9% |
| Amounts payable17/49 | €764k | €776k | €817k | €848k | €1.15M | ▲ 36.0% |
| Amounts payable after more than one year17 | €763k | €776k | €813k | €847k | €1.15M | ▲ 36.0% |
| Other amounts payable178/9 | €763k | €776k | €813k | €847k | €1.15M | ▲ 36.0% |
| Amounts payable within one year42/48 | €1k | €502 | €4k | €731 | €768 | ▲ 5.1% |
| Trade debts44 | €1k | €502 | €4k | €731 | €768 | ▲ 5.1% |
| Suppliers440/4 | €1k | €502 | €4k | €731 | €768 | ▲ 5.1% |
| Accrued charges and deferred income492/3 | - | €155 | €155 | €155 | €155 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-99k | €-72k | €-41k | €-31k | €-36k | ▼ 14.9% |
| + Depreciation and write-downs630 | €12k | €0 | - | - | - | - |
| Operating cash flow (approximation) | €-87k | €-72k | €-41k | €-31k | €-36k | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | €60k | - | - | - | - |
| Change in cash | - | €-117 | €-2k | €822 | €-999 | ▼ 221% |
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
Next filing, fiscal year 2026, expected by
2026
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 181current ratio 352.03
Current ratio from 1.94 to 352.03.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 1.94
Current ratio from 0.42 to 1.94; short-term debt falls from €4k to €731.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.07 to 2.51; short-term debt falls from €28k to €1k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 20current ratio 1.07
Current ratio from 0.05 to 1.07; short-term debt falls from €463k to €28k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €-182k
Net result drops to €-182k, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
11 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, Putte · 1 establishment unit since 1994
Ground area
5,717 m²
Building footprint
855 m²
Volume, LiDAR
3,558 m³
Parcel 12029C0494/00L000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Leuvensebaan 211, 2580 Putte
since 19942.065.469.696
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029C0494/00L000 | Flanders | 5,717 m² | 1 · 855 m² | 8.4 m · 1 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.
Similar companies · same sector and region
ABISCO
BE 0431.870.031
Kontich
ACROS ORGANICS
BE 0451.781.854
Geel
AFT International
BE 0404.853.650
Ranst
ANTWERPS DISTRIBUTIE CENTRUM
BE 0433.940.287
Kontich
ASTELLAS PHARMA
BE 0451.827.087
LEIDEN
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,897 companies in sector 46460 we hold annual accounts for 1,116. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
68310Real estate agency activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.