CARDINAL MANAGEMENT
ActiveCARDINAL MANAGEMENT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91k and a net result of €41k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 7709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+2
Solvency82▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 3.26 in 2023; short-term debt: 42.8% and cash: 36.2% of total assets), and 42.8% 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 82
Relative position
BE, all sectors
reference
Sector 82
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.2%
Return on assets
25.7%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2023
29 d late
2022
31 d late
2021
31 d late
2020
51 d late
2019
90 d late
2018
12 d late
← 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, micro schema
Equity
€91k▼ 20.9%
2023 · €115k
2018: €61k
2019: €48k
2020: €64k
2021: €83k
2022: €111k
2023: €115k
2018 → 2025
Total assets
€158k▼ 3.1%
2023 · €164k
2018: €108k
2019: €105k
2020: €128k
2021: €185k
2022: €140k
2023: €164k
2018 → 2025
Net result
€41k▲ 4.8%
2023 · €39k
2018: €30k
2019: €17k
2020: €26k
2021: €49k
2022: €43k
2023: €39k
2018 → 2025
Working capital
€89k▼ 19.6%
2023 · €111k
2018: €61k
2019: €48k
2020: €64k
2021: €80k
2022: €108k
2023: €111k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€64k-€83k▲ 28.8%€111k▲ 33.2%€115k▲ 3.5%€91k▼ 20.9%
Operating result€47k-€63k▲ 35.5%€60k▼ 4.4%€56k▼ 6.8%€59k▲ 4.8%
Net result€26k-€49k▲ 87.6%€43k▼ 12.3%€39k▼ 8.8%€41k▲ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €59k in 2025, compared with €56k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €158k
Fixed assets
€2k▼ 56.3%
Current assets
€157k▼ 1.8%
Equity and liabilities €158k
Equity
€91k▼ 20.9%
Debt
€68k▲ 38.3%
The debt ratio rises from 30.0% to 42.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€60k▲
2023 · €57k
Cash flow
€42k▲
2023 · €40k
Solvency
57.2%▼
2023 · 70.0%
Current ratio
2.31▼
2023 · 3.26
Quick ratio
2.31▼
2023 · 3.26
Debt / equity
0.75▲
2023 · 0.43
ROE
44.9%▲
2023 · 33.9%
ROA
25.7%▲
2023 · 23.8%
Interest coverage
99.89▼
2023 · 126.76
Debt
€68k▲
2023 · €49k
Debt ≤ 1 year
€68k▲
2023 · €49k
Income taxes
€21k▲
2023 · €20k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€164k€158k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€2k€523▼
Current assets29/58€160k€157k▼
Amounts receivable within one year40/41€131k€99k▼
Trade receivables40€58k€47k▼
Other amounts receivable41€74k€51k▼
Cash at bank and in hand54/58€25k€57k▲
Deferred charges and accrued income490/1€3k€783▼
Equity and liabilities
Total equity and liabilities10/49€164k€158k▼
Equity10/15€115k€91k▼
Contributions10/11€8k€8k=
Reserves13€107k€83k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€107k€83k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€49k€68k▲
Amounts payable within one year42/48€49k€68k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€9k€37k▲
Taxes450/3€4k€30k▲
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€35k€28k▼
Income statement
Code20232025
Non-recurring operating income76A€581€2▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€661€697▲
Non-recurring operating charges66A€0€130▲
Gross operating margin9900€58k€61k▲
Operating profit (loss)9901€56k€59k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€451€600▲
Recurring financial charges65€451€600▲
Profit (loss) for the period before taxes9903€59k€62k▲
Income taxes67/77€20k€21k▲
Profit (loss) for the period9904€39k€41k▲
Profit (loss) for the period to be appropriated9905€39k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€41k▲
Transfer from equity791/2€20k€28k▲
Transfer to equity691/2€24k€41k▲
To other reserves6921€24k€41k▲
Profit to be distributed694/7€35k€28k▼
Return on contributions (dividend)694€35k€28k▼
The notes to these accounts (5 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 4.71
Current ratio from 1.79 to 4.71; short-term debt falls from €102k to €29k.
31-12
Financial
Equity above €100kEq €111k ▲33.2%
5 profitable years in a row build equity to €111k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €49k ▲87.6%
Operating result €63k, net result €49k, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €17k ▼42.9%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Ukkel · 1 establishment unit since 2003
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.
Boetendaelstraat 381180 UkkelGround area
697 m²
Building footprint
196 m²
Volume, LiDAR
2,447 m³
2 parcels, Brussels · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
cardinal management
since 20032.133.719.787
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0097/00N007 | Brussels | 418 m² | 1 · 121 m² | 20.4 m · 6 fl. |
| 21016B0190/00L002 | Brussels | 279 m² | 1 · 75 m² | 12.1 m · 3 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.
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GODAERT
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AMANE CONSULTING
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TRATE
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,512. 2,612 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2003
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
47791Retail sale of antiques
74104Other professional, scientific and technical activities
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.