Cambre 45
ActiveCambre 45 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336k and a net result of €-61k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 9135 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-3
Solvency35▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 7.49 against 7.51 in 2024; short-term debt: 4% and cash: 0.3% of total assets), but 89.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-61k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
6 d late
2024
24 d early
2023
54 d early
2022
56 d early
2021
54 d early
2020
26 d late
2019
53 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-61k▼ 10.3%
2024 · €-56k
2018: €-52k
2019: €-101k
2020: €-9k
2021: €-15k
2022: €-24k
2023: €-79k
2024: €-56k
2018 → 2025
Working capital
€836k▼ 1.1%
2024 · €845k
2018: €565k
2019: €1.16M
2020: €1.05M
2021: €1.07M
2022: €1.07M
2023: €876k
2024: €845k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€556k-€532k▼ 4.3%€453k▼ 14.8%€397k▼ 12.3%€336k▼ 15.4%
Operating result€-8k-€-7k▲ 20.4%€-16k▼ 137%€5k€24k▲ 370%
Net result€-15k-€-24k▼ 54.9%€-79k▼ 229%€-56k▲ 29.5%€-61k▼ 10.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 370% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.26M
Fixed assets
€2.29M▼ 3.8%
Current assets
€964k▼ 1.0%
Equity and liabilities €3.26M
Equity
€336k▼ 15.4%
Debt
€2.92M▼ 1.3%
The debt ratio rises from 88.2% to 89.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€114k▲
2024 · €96k
Cash flow
€29k▼
2024 · €36k
Solvency
10.3%▼
2024 · 11.8%
Current ratio
7.49▼
2024 · 7.51
Quick ratio
7.49▼
2024 · 7.51
Debt / equity
8.69▲
2024 · 7.45
ROE
-18.3%▼
2024 · -14.0%
ROA
-1.9%▼
2024 · -1.7%
Interest coverage
1.33▼
2024 · 1.58
Debt
€2.92M▼
2024 · €2.96M
Debt ≤ 1 year
€129k▼
2024 · €130k
Debt > 1 year
€2.52M▼
2024 · €2.61M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.36M€3.26M▼
Fixed assets21/28€2.38M€2.29M▼
Tangible fixed assets22/27€2.38M€2.29M▼
Land and buildings22€2.38M€2.29M▼
Furniture and vehicles24€856€0▼
Financial fixed assets28€1k€1k=
Current assets29/58€974k€964k▼
Amounts receivable after more than one year29€940k€943k▲
Other amounts receivable291€940k€943k▲
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€3k€7k▲
Other amounts receivable41€8k€0▼
Cash at bank and in hand54/58€19k€11k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€3.36M€3.26M▼
Equity10/15€397k€336k▼
Contributions10/11€800k€800k=
Profit (loss) carried forward14€-403k€-464k▼
Amounts payable17/49€2.96M€2.92M▼
Amounts payable after more than one year17€2.61M€2.52M▼
Financial debts170/4€2.61M€2.52M▼
Amounts payable within one year42/48€130k€129k▼
Current portion of amounts payable after more than one year42€88k€90k▲
Trade debts44€14k€11k▼
Suppliers440/4€14k€11k▼
Taxes, remuneration and social security45€24k€24k▼
Taxes450/3€24k€24k▼
Other amounts payable47/48€4k€4k▼
Accrued charges and deferred income492/3€218k€270k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€90k▼
Other operating charges640/8€10k€9k▼
Gross operating margin9900€106k€124k▲
Operating profit (loss)9901€5k€24k▲
Financial income75/76B€0€368▲
Recurring financial income75€0€368▲
Financial charges65/66B€61k€86k▲
Recurring financial charges65€61k€86k▲
Profit (loss) for the period before taxes9903€-56k€-61k▼
Profit (loss) for the period9904€-56k€-61k▼
Profit (loss) for the period to be appropriated9905€-56k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-403k€-464k▼
Profit (loss) brought forward from the previous period14P€-347k€-403k▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Permanent representative5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Permanent representative5 facts ▸
- General meeting, 05/06/2026
- Director reappointment, GEMAP SRL (administrateur)
- Permanent representative, Saint-Rémy Gérald
- Mandate compensation, GEMAP SRL
- Director appointment, PIEYRE Jérôme (administrateur)
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-101k
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 8.90
Current ratio from 1.40 to 8.90; short-term debt falls from €1.42M to €147k.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2020
PIEYRE Jérôme
CurrentDirector · since 01-01-2020
GEMAP
CurrentDirector · since 29-08-2019 · Private limited company · perm. rep.: Saint-Rémy Gérald
01-01-2020
PIEYRE Jérôme: Appointed as Director
29-08-2019
GEMAP: Mandate renewed as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 541050 ElseneGround area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Cambre 45
since 20162.256.112.409
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
1 connected companyNetwork connections
Shared corporate director
→
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
Cambre 45BE 0659.919.506
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Of 3,766 companies in sector 68321 we hold annual accounts for 1,390. 958 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-07-2016
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.