Cardenis Immo
ActiveCardenis Immo has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €143k and a net result of €-24k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▼-36
Solvency100=
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.84 in 2023; short-term debt: 20.7% and cash: 0.1% of total assets), and 20.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
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 · 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
79.1%
Return on assets
-13.4%
Age of the figures
21 mo
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 €-24k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
14 d early
2022
30 d late
2021
12 d late
2020
145 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€143k▼ 14.5%
2023 · €167k
2018: €146k
2019: €136k
2020: €167k
2021: €185k
2022: €190k
2023: €167k
2018 → 2024
Total assets
€181k▼ 4.4%
2023 · €189k
2018: €281k
2019: €276k
2020: €257k
2021: €256k
2022: €263k
2023: €189k
2018 → 2024
Net result
€-24k▼ 5.9%
2023 · €-23k
2018: €-26k
2019: €-10k
2020: €31k
2021: €18k
2022: €5k
2023: €-23k
2018 → 2024
Working capital
€-19k▼ 469%
2023 · €-3k
2018: €-86k
2019: €-85k
2020: €-40k
2021: €-8k
2022: €11k
2023: €-3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€167k-€185k▲ 10.7%€190k▲ 2.7%€167k▼ 12.0%€143k▼ 14.5%
Operating result€27k-€19k▼ 30.7%€8k▼ 58.7%€5k▼ 37.4%€-24k
Net result€31k-€18k▼ 43.1%€5k▼ 72.2%€-23k€-24k▼ 5.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €24k after €5k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181k
Fixed assets
€162k▼ 4.8%
Current assets
€18k=
Equity and liabilities €181k
Equity
€143k▼ 14.5%
Debt
€38k▲ 73.6%
The debt ratio rises from 11.5% to 20.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2023 · €13k
Cash flow
€-16k▼
2023 · €-15k
Solvency
79.1%▼
2023 · 88.5%
Current ratio
0.48▼
2023 · 0.84
Quick ratio
0.48▼
2023 · 0.84
Debt / equity
0.26▲
2023 · 0.13
ROE
-17.0%▼
2023 · -13.7%
ROA
-13.4%▼
2023 · -12.1%
Debt
€38k▲
2023 · €22k
Debt ≤ 1 year
€37k▲
2023 · €21k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€189k€181k▼
Fixed assets21/28€171k€162k▼
Tangible fixed assets22/27€171k€162k▼
Land and buildings22€171k€162k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0€0=
Current assets29/58€18k€18k=
Amounts receivable within one year40/41€3k€3k=
Other amounts receivable41€3k€3k=
Cash at bank and in hand54/58€106€106=
Deferred charges and accrued income490/1€15k€15k=
Equity and liabilities
Total equity and liabilities10/49€189k€181k▼
Equity10/15€167k€143k▼
Contributions10/11€198k€198k=
Capital10€198k€198k=
Issued capital100€198k€198k=
Revaluation surpluses12€231k€231k=
Reserves13€27k€27k=
Tax-exempt reserves132€27k€27k=
Profit (loss) carried forward14€-290k€-314k▼
Amounts payable17/49€22k€38k▲
Amounts payable within one year42/48€21k€37k▲
Financial debts43€4k€4k=
Credit institutions430/8€4k€4k=
Trade debts44€16k€32k▲
Suppliers440/4€16k€32k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Accrued charges and deferred income492/3€206€206=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€12k€9k▼
Gross operating margin9900€25k€-6k▼
Operating profit (loss)9901€5k€-24k▼
Financial charges65/66B€3k-
Recurring financial charges65€3k-
Profit (loss) for the period before taxes9903€2k€-24k▼
Income taxes67/77€25k-
Profit (loss) for the period9904€-23k€-24k▼
Profit (loss) for the period to be appropriated9905€-23k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-290k€-314k▼
Profit (loss) brought forward from the previous period14P€-267k€-290k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 145 days late
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €167k ▲23%
Equity rises from €136k to €167k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 253 days late
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 262 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 627 days late
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 310 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Leuven · 1 establishment unit since 1989
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.
Ambachtenlaan 43001 LeuvenGround area
1.5 ha
Building footprint
5,794 m²
Volume, LiDAR
34,611 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwlandlaan 95-B432, 3200 Aarschot
since 19892.042.191.379
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0020/00V000 | Flanders | 8,451 m² | 1 · 4,161 m² | 8.9 m · 2 fl. |
| 24662F0091/00H000 | Flanders | 6,503 m² | 1 · 1,633 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ROVAR INVEST
BE 0760.696.269
Antwerpen · Eq €143k
BEHEER E & S
BE 0716.704.888
Beringen · Eq €143k
TEYC BELGIUM
BE 0506.812.627
Elsene · Eq €143k
IMMOPITET
BE 0451.523.617
Florenville · Eq €142k
Immo Heze
BE 0777.954.252
Herentals · Eq €143k
Of 12,016 companies in sector 68203 we hold annual accounts for 5,982. 4,055 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-01-1989
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
49410Freight transport by road
79110Travel agency activities
64210Activities of holding companies
68110Buying and selling of own real estate
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.