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CAEX

Active Public limited companyfounded 1994active for 32 yearsLeuvensebaan 211, 2580 PutteKBO/BCE: BE 0451.783.141 subsidiary of IHL SA
CAEX
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Overview

Lifetime

20 annual accounts with figures on one time axis, 32 filings since 1994
peak €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 accounts

Equity

-€882,245
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€1.2m in 13 years
20132015-212,3832017201920212023-35,8232025

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 strength
Weak

0=equity -326.2% of total assets
50-24short-term debt 0.3% · cash 0.1%
4+4return on assets -13.2%

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
  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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
lowers risk · Size: total assets €270,481
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€882,245
NBB · annual accounts
raises risk · Loss of €35,823, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 352.03, cash €296, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity 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 filings
Deviation 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 months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VL
VERELST Lyn
Chair
VK
VERELST Kay
Director, since 22-12-2023
IS
IHL SA
Director
  • IHL SA consolidatesannual accounts 2020
Board & ownership

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
All 48 events

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
Company details

Annual accounts 2025

-€2,676▼ 1.2%
€35,823▲ 14.9%
-€882,245▼ 4.2%
€270,481▲ 190×
Filing
Filed on 25-07-2026, 6 days before the end of the filing period
Financials

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.

Financials

Annual accounts 2025

abbreviated format, filed on 25-07-2026, 6 days before the deadline
-€2,676
▼ €31
-€3,320
▼ €39
-
-
-326.2%
-

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Money flows

no detail for 2025

Balance sheet

balance sheet total €270,481 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-326.2%

Lower than 95% of 9,902 companies in 2025.

-

Higher than 69% of 8,435 companies in 2021.

-13.2%

Higher than 9% of 9,780 companies in 2025.

CAEX Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 270,4811,4211,5362,27262,086100,97281,59871,72789,95085,222347,918720,857737,0701.1m951,7901.1m1.1m1.8m1.4m951,833
21/28 ---059,51971,32157,36657,10166,19746,89544,751-50,51754,34160,40966,31072,30378,25916,81523,595
22/27 ---057,11968,92154,96654,70163,79746,89544,751-50,51754,34160,40966,31072,30378,25916,81523,595
22 ------------50,24953,59956,94960,29963,67367,13014,96119,980
23 ---044,30752,52734,99034,60340,42720,25219,445-02062,0193,6676,7248,5871,8543,614
24 ---09,35112,07814,80615,76418,31420,86518,805-2685371,4412,3451,9072,542--
26 ---03,4614,3155,1704,3345,0565,7796,501---------
28 ---02,4002,4002,4002,4002,400-----------
29/58 270,4811,4211,5362,2722,56729,65124,23214,62623,75338,327303,167720,857686,5531.1m891,3811.1m981,5471.7m1.4m928,238
3 ----------265,176265,176297,111551,212545,500730,900513,050891,4001.1m553,502
30/36 ----------265,176265,176297,111258,250258,250337,550340,050179,900455,415322,170
37 -------------292,962287,250393,350173,000711,500678,325231,332
40/41 270,1861271,06417531512,14912,11313,19716,73114,44334,330386,504358,221351,352316,688314,939309,376600,899192,364335,800
40 270,000-01004010,54911,41012,34111,41011,41022,66110,99211,84128,5457,00012,64614,685349,1904,091148,491
41 1861271,064752751,6007038565,3213,03311,669375,512346,381322,807309,688302,293294,691251,709188,274187,309
50/53 ------------421421190190190150,428--
54/58 2961,2944722,0972,21317,36711,9871,4286,48223,8843,47336,0411,66899,2574,199419157,40951,23837,62038,937
490/1 ---038135132-540-18833,13629,13257,44524,80325,1581,5224,852--
Balance sheet: equity and liabilities
10/49 270,4811,4211,5362,27262,086100,97281,59871,72789,95085,222347,918720,857737,0701.1m951,7901.1m1.1m1.8m1.4m951,833
10/15 -882,245-846,423-815,240-774,123-701,922-603,396-422,084-239,799-102,92928,085228,723283,447307,769322,897308,787299,900304,132151,53472,450104,296
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 6,2006,2006,2006,2006,2006,2006,200178,468178,468178,468166,723215,803215,803215,803215,803215,803215,803115,80360,00060,000
130/1 6,2006,2006,2006,2006,2006,200--------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
132 -------1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000
133 -------171,268171,268171,268159,523208,603208,603208,603208,603208,603208,603108,60352,80052,800
14 -950,445-914,623-883,440-842,323-770,122-671,596-490,284-480,267-343,397-212,383-5,64429,96645,09430,98422,09726,329-26,270-49,550-17,704
17/49 1.2m847,844816,776776,395764,007704,368503,682311,526192,87957,137119,195437,410429,301791,131643,002838,016749,7181.6m1.3m847,537
17 1.2m846,958812,934775,738762,984676,682-----------175,284191,284206,975
170/4 -----------------175,284191,284206,975
178/9 1.2m846,958812,934775,738762,984676,682--------------
42/48 7687313,6875021,02327,686462,749300,092188,50351,681119,158429,981422,088778,815631,628827,598636,2181.4m1.1m628,741
42 -----------------16,51615,69114,956
43 ------------892280,000160,000300,000100,000283,000700,000100,000
430/8 ------------892280,000160,000300,000100,000283,000700,000100,000
44 7687313,6875021,0235,0686,4192,3122,0966,04211,843181,252180,466181,342186,238207,141274,556133,163163,088140,210
440/4 7687313,6875021,0235,0686,4192,3122,0966,04211,843181,252180,466181,342186,238207,141274,556133,163163,088140,210
46 -------------88,50060,00050,000-707,3891,700154,695
45 -----22,61827,91618,55324,55524,0663,7421,095309-7,32162,77265,3302,0585,01510,727
450/3 -----1,3241,3161,3771,3611,201-482187-7,32162,77265,3302,0585,01510,727
454/9 -----21,29426,60117,17523,19522,8653,742613122-------
47/48 ------428,415279,227161,85221,573103,573247,634240,421228,972218,069207,685196,332229,840218,895208,154
492/3 155155155155--40,93211,4344,3765,456377,4297,21312,31711,37410,418113,50178,29112,41611,821
Income statement
70 ------------------14,870562,519
76A -----------60512,40428,500---2,479--
9900 -2,676-2,646-5,115-5,094-3549,161-10,039-40,452-44,942-109,673-34,2553,981-33,748-14,97712,9883,207264,034116,02620,92011,244
60/61 ------------------446,002790,439
62 --0-25676,968150,478140,82173,60573,56783,84424,235---------
630 ---011,80110,1779,9679,0969,0966,3305,4832683,8246,0676,5217,3357,3147,4317,0906,987
631/4 ---------5,000--------278--396
640/8 6436352,4251,0427819638549258271,6631,74152,1121,1842,0071,8874,9474,1503,8251,3081,719
66A --057,036--340-----5,000-------
9901 -3,320-3,281-7,540-62,916-89,904-152,458-162,021-124,078-128,432-206,511-65,714-48,399-38,756-23,0524,581-9,075252,570105,04912,5222,934
75/76B --0281---2,97489617,36933,13629,16529,36824,80431,0359,9885,12211,3822,854
75 --0281---2,97489617,36933,13629,16529,36824,80431,0359,9885,12211,3822,854
65/66B 32,50327,90233,5769,2878,70328,85520,26312,7925,5566,7696,3779,66412,94120,70727,87918,75040,54366,70053,09327,917
65 32,50327,90233,5769,2878,70328,85520,26312,7925,5566,7696,3779,66412,94120,70727,87918,75040,54366,70053,09327,917
9903 -35,823-31,183-41,117-72,201-98,526-181,312-182,284-136,870-131,014-212,383-54,722-24,322-15,12814,1091,5073,210222,01445,950-29,189-22,129
67/77 ----------2----7,3817,44269,41622,6702,656563
9904 -35,823-31,183-41,117-72,201-98,526-181,312-182,284-136,870-131,014-212,383-54,724-24,322-15,12814,1098,888-4,232152,59823,280-31,845-22,692
9905 -35,823-31,183-41,117-72,201-98,526-181,312-182,284-136,870-131,014-212,383-54,724-24,322-15,12814,1098,888-4,232152,59823,280-31,845-22,692
Appropriation of the result
9906 -950,445-914,623-883,440-842,323-770,122-671,596-662,552-480,267-343,397-212,383-49,0805,64429,96645,09430,98422,097126,329-26,270-49,550-17,704
14P -914,623-883,440-842,323-770,122-671,596---------------
791/2 ------172,268---49,080---------
691/2 ----------------100,000---
6921 ----------------100,000---
Social balance sheet
9087 ----0.3111110.3---------
Hours worked1013 ------1,8161,7841,7521,928504---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 25-07-2026 2026-00344985 PDF
31-12-2024 micro format 26-06-2025 2025-00220678 PDF
31-12-2023 micro format 01-07-2024 2024-00196876 PDF
31-12-2022 micro format 26-07-2023 2023-00286404 PDF
31-12-2021 abbreviated format 26-07-2022 2022-20233454 PDF
31-12-2020 abbreviated format 07-07-2021 2021-33000508 PDF
31-12-2019 abbreviated format 26-08-2020 2020-45200296 PDF
31-12-2018 micro format 30-08-2019 2019-60200275 PDF
31-12-2017 micro format 17-07-2018 2018-34600389 PDF
31-12-2016 micro format 05-07-2017 2017-27600259 PDF
31-12-2015 abbreviated format 23-08-2016 2016-47200521 PDF
31-12-2014 full format 19-08-2015 2015-44900587 PDF
31-12-2013 full format 26-08-2014 2014-50600502 PDF
31-12-2012 full format 21-08-2013 2013-44500063 PDF
31-12-2011 full format 02-10-2012 2012-59800546 PDF
31-12-2010 full format 26-07-2011 2011-33600263 PDF
31-12-2009 full format 16-08-2010 2010-41800280 PDF
31-12-2008 full format 30-07-2009 2009-52300096 PDF
31-12-2007 full format 30-07-2008 2008-50600071 PDF
31-12-2006 abbreviated format 23-07-2007 2007-44900136 PDF
31-12-2005 full format 25-07-2006 2006-52701508 PDF
31-12-2004 full format 30-06-2005 2005-38501924 PDF
31-12-2003 full format 14-06-2004 2004-24100757 PDF
31-12-2002 full format 17-06-2003 2003-25100029 PDF
31-12-2001 full format 15-07-2002 2002-38001206 PDF
31-12-2000 full format 04-07-2001 2001-33402295 PDF
31-12-1999 full format 26-06-2000 2000-28303006 PDF
31-12-1998 full format 06-07-1999 1999-30700165 PDF
31-12-1997 full format 30-06-1998 1998-24805252 PDF
31-12-1996 full format 30-07-1997 1997-34603400 PDF
31-12-1995 full format 02-07-1996 1996-25802768 PDF
31-12-1994 full format 10-07-1995 1995-37505004 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
----62,916-78,103-142,280-152,053-114,982-119,335-200,181-60,231-48,131-34,932-16,98411,102-1,740259,884112,48019,6139,921
----72,201-86,724-171,135-172,317-127,774-121,917-206,053-49,241-24,054-11,30420,17715,4083,103159,91330,711-24,755-15,705
0---59,519024,13210,572028,3988,47450,234-50,249006191,3421,35968,875311917
-999822-1,625-117-15,1545,38110,559-5,054-17,40220,411-32,56834,373-97,58995,0583,781-156,991106,17213,618-1,317-
269,713690-2,1511,7701,5431,965-438,517-285,467-164,750-13,354184,009290,876264,465280,872259,753244,008345,330326,850259,335299,497
------------------84.2%0.5%
-326.2%-----597.6%-517.3%-334.3%-114.4%33.0%65.7%39.3%41.8%29.0%32.4%26.4%28.9%8.5%5.2%11.0%
----2.511.070.050.050.130.742.541.681.631.361.411.291.541.241.231.48
----2.511.070.050.050.130.740.321.060.920.650.550.410.740.590.210.60
---------2.030.521.541.392.452.082.792.4710.7318.068.13
----------756.2%-23.9%-8.6%-4.9%4.4%2.9%-1.4%50.2%15.4%-44.0%-21.8%
-13.2%----158.7%-179.6%-223.4%-190.8%-145.7%-249.2%-15.7%-3.4%-2.1%1.3%0.9%-0.4%14.5%1.3%-2.3%-2.4%
----6.77-8.97---------------
------------------100 days96 days
------------------133 days65 days

A ratio outside any meaningful range has been withheld (balance sheet total €270,481, equity -€882,245).

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Financial fixed assets€0----
---€0€11,801

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CAEX

The operating result for 2025 is a loss of €3,320, larger than the loss of €3,281 in 2024.

Equity is negative. Debt (€1.2m) exceeds the balance-sheet total (€270,481).

Board & ownership

Board

3 directors, 1 in day-to-day management, last change in 2024
VERELST Lyn
Chair of the board, director (not named in the articles) and managing director
chair of the board appointed by deed of 05-03-2024 director (not named in the articles) since 29-12-2023 term without a fixed end
earlier director, until 05-03-2024
listed in the 2025 annual accounts, filed on 25-07-2026
VERELST Kay
Director (not named in the articles)
since 22-12-2023 6-year term from 2024
earlier director, until 05-03-2024
listed in the 2025 annual accounts, filed on 25-07-2026
IHL SA
Director
listed in the 2025 annual accounts, filed on 25-07-2026
VERELST Lyn
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 20. Vertegenwoordiging van de vennootschap 1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”
deed of 05-03-2024

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
VERELST Kay
Director (not named in the articles)
VERELST Lyn
Chair of the board, Director (not named in the articles), Managing director
IHL SA
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • VERELST Kay
    • Director, from before 09-06-2022 to 05-03-2024
    • Director (not named in the articles), since before 05-03-2024
  • VERELST Lyn
    • Director, from before 09-06-2022 to 05-03-2024
    • Director (not named in the articles), since before 05-03-2024
    • Chair of the board, appointed by deed of 05-03-2024, still in office
    • Managing director, appointed by deed of 05-03-2024, still in office
  • IHL SA
    • Director, since before 31-12-2022

See the board, name and registered office on a given date →

Control

Consolidating parent
IHL SA LU
Source: parent in own accounts 2020
consolidates
This company
CAEX
Equity -€882,245
Loss €35,823 in 2025

Capital

Capital
€62,000
Shares
2,500
Contribution per share
€24.80
Equity per share
-€353 in 2025
Source
deed of 05-03-2024

Owners through the years

as the annual accounts name them
IHL SA LU
consolidates
VANTO
50%
50% until 2014
Owners as a list

Source: parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 05-03-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Raad van bestuur, 6 jaar”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Alle verrichtingen vermeld in wet,tenzij algemene vergadering anders besluit bij gewone meerderheid”

Network & group

Parent

IHL SA
Luxembourg

At the same address

Leuvensebaan 211, 2580 Putte · 4 other companies
VANTO
registered office since 01-02-1989 · founded in 1988
 total assets €21.1m (2025)
0434.121.124
Stoeterij Schranshof
registered office since 26-12-1994 · founded in 1991
 turnover €116,983 (2025)
0444.592.570
PROBEC
registered office since 23-04-2002 · founded in 1988
 total assets €387,272 (2025)
0436.240.870
DE GULDEN HANT
registered office since 31-01-1996 · founded in 1995 · negative equity (2025)
 total assets €581 (2025)
0456.801.110

Connections & network

3 current directors
Depth

The network starts from the directors of CAEX. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

48 events since 1994

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 6 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0451783141
2025
Liquidity times 181 current ratio 352.03 The current ratio rises from 1.94 to 352.03.
Annual accounts 2024 filed PDFmicro format · 35 days before the deadline
2024
Liquidity more than quadruples current ratio 1.94 The current ratio rises from 0.42 to 1.94. Short-term debt falls from €3,687 to €731.
Annual accounts 2023 filed PDFmicro format · 30 days before the deadline
1 director resigning, 2 reappointmentsChange of role: VERELST Lyn, from director to managing director · Resignation: VERELST Kay · Reappointments: VERELST Kay (director) and VERELST Lyn (director)8 points ▸
  • Capital, €62,000, 2,500 shares
  • Director resignation, VERELST Kay
  • Director resignation, VERELST Lyn
  • Director reappointment, VERELST Kay (director (not named in the articles))
  • Director reappointment, VERELST Lyn (director (not named in the articles))
  • Director appointment, VERELST Lyn (managing director)
  • Director appointment, VERELST Lyn (chair of the board)
  • Registered office clause, Leuvensebaan 211, 2580 Putte
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 5 days before the deadline
2022
Reappointments: Kay Verelst (director) and Lyn Verelst (director)General meeting of 09-06-20223 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 5 days before the deadline
2021
Liquidity more than doubled current ratio 2.51 The current ratio rises from 1.07 to 2.51. Short-term debt falls from €27,686 to €1,023.
Annual accounts 2020 filed PDFabbreviated format · 24 days before the deadline
2020
Liquidity more than 20 times current ratio 1.07 The current ratio rises from 0.05 to 1.07. Short-term debt falls from €462,749 to €27,686.
Annual accounts 2019 filed PDFabbreviated format · 26 days late
2019
Registered office moved to PutteNew registered office: Leuvensebaan 211, 2580 PUTTE · Board meeting of 15-10-20192 points ▸
  • Board meeting, 15-10-2019
  • Registered-office move, Leuvensebaan 211, 2580 PUTTE

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 30 days late
2018
Annual accounts 2017 filed PDFmicro format · 14 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 26 days before the deadline
2016
Weakest financial year net -€212,383 The net result drops to -€212,383, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2015 filed PDFabbreviated format · 23 days late
2015
Annual accounts 2014 filed PDFfull format · 19 days late
2014
Annual accounts 2013 filed PDFfull format · 26 days late
2013
Annual accounts 2012 filed PDFfull format · 21 days late
2012
Annual accounts 2011 filed PDFfull format · 63 days late
2011
Back to profit net €8,888 The net result is €8,888, after one loss-making year.
Annual accounts 2010 filed PDFfull format · 5 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 16 days late
2009
Highest result from 2006 to 2025 net €152,598 ▲555% The operating result of €252,570 and the net result of €152,598 are both a record.
Equity above €200,000 equity €304,132 ▲101% After 2 profitable years in a row, equity reaches €304,132.
Annual accounts 2008 filed PDFfull format · 1 day before the deadline
2008
Back to profit net €23,280 The net result is €23,280, after 2 loss-making years.
Equity above €150,000 equity €151,534 ▲109% Equity rises from €72,450 to €151,534.
Annual accounts 2007 filed PDFfull format · 1 day before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 8 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
First establishment Leuvensebaan 211, Putte
Incorporation published on 16-02-1994

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 28 January 1994, CAEX was incorporated.1 In 2019 the registered office moved to Putte.2 Total assets went from €71,727 in 2018 to €270,481 in 2025 and headcount from 1 full-time equivalents in 2018 to 0.3 in 2021.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 19-12-2019
  3. 3National Bank, annual accounts 2018, 2021 and 2025

Company details

Identity

Enterprise number
0451.783.141
VAT number
BE 0451.783.141
Peppol ID
0208:0451783141
Other Peppol ID
9925:BE0451783141
Legal form
Public limited company
Status
Active, normal situation
Founded
28-01-1994
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 05-03-2024 (in Dutch)
Peppol
Reachable since 17-07-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CAEX in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-03-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 05-03-2024 (in Dutch)

Activities

NACEBEL 2025
46460 Wholesale of pharmaceutical and medical goods main activity
68310 Real estate agency activities
70200 Business and other management consultancy
Codes under NACEBEL 2008
46460 Wholesale trade main activity
68311 Real estate activities
70220 Business consulting
Codes under NACEBEL 2003
70311 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“De in- en uitvoer, de aan- en verkoop, de distributie van farmaceutische en aanverwante producten. Het uitvoeren van studies in de…”
9 activities
  1. De in- en uitvoer, de aan- en verkoop, de distributie van farmaceutische en aanverwante producten. Het uitvoeren van studies in de gezondheidssector met betrekking tot geneesmiddelen en behandelingen in de breedste zin van het woord, het vervaardigen en/of laten vervaardigen van geneesmiddelen of andere producten voor de behandeling van ziekten en het commercialiseren hiervan evenals van de know-how en de opgedane kennis;
  2. Het kweken, kopen en verkopen van paarden, de voorbereiding en opleiding ervan en eender welke handeling verband houdende hiermee, zowel direct als indirect;
  3. Het verwerven, verkopen en beheren van een onroerend vermogen van welke aard ook, waaronder de aankoop, verkoop, ruil, huren, verhuren, bouwen, renoveren, onderhoud en herstelling van onroerende goederen en alles wat daarmee verband houdt;
  4. Het verlenen van persoonlijke of zakelijke zekerheden voor leningen of kredieten, ook indien zij werden aangegaan door derden, en het participeren in allerlei verrichtingen van financiële aard, met inbegrip van maar niet beperkt tot leningen, geldplaatsingen en andere financiële verrichtingen;
  5. Roerende en onroerende leasing, zowel als leasingnemer dan als leasinggever;
  6. Het beheer van alle roerende goederen, het riemen van belangen op welke wijze ook, in andere vennootschappen en ondernemingen, dit zowel binnen als buiten België, het aankopen, invoeren, verhandelen, ruilen van, en nemen van opties op, roerende lichamelijke en onlichamelijke goederen, waarin begrepen effecten en portefeuillewaarden, al dan niet ter beurze genoteerd;
  7. Het besturen, begeleiden en adviseren van vennootschappen en ondermemingen en hun management en het verlenen van administratieve, financiële, commerciële, juridische en technische diensten en bijstand aan deze vennootschappen en ondernemingen en hun management;
  8. Het uitoefenen van managementopdrachten;
  9. Het optreden als bestuurder en/of vereffenaar van andere vennootschappen;
deed of 05-03-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Leuvensebaan 211 registered office 2580 Putte 4618032 Agents specialised in the wholesale of other particular products 07-02-1994 2.065.469.696

Buildings and parcels at the address

Ground area
5,717 m²
Buildings
855 m²
Volume, LiDAR
3,558 m³
Tallest building
8.4 m
Buildings to scale, each on its own parcel
855 m², 8.4 m 855 m², 8.4 m

Location

registered office establishment The establishment unit on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
12029C0494/00L0005,717 m² 1 · 855 m² 8.4 m · 1

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