CATHANIX
ActiveSummary
CATHANIX has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €315k and a net result of €-23k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 37% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-57
Solvency47▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.41 in 2023; short-term debt: 73.1% and cash: 29.7% of total assets), and 77.5% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
22.5%
Return on assets
-1.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
133 d late
2022
60 d late
2021
31 d late
2020
26 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-23k
2023 · €49k
2018: €4k
2019: €-45k▼ -1259% vs 2018lowest in 7 years
2020: €22k▲ +148% vs 2019
2021: €54k▲ +148% vs 2020
2022: €156k▲ +191% vs 2021highest in 7 years
2023: €49k▼ -68.4% vs 2022
2024: €-23k▼ -147% vs 2023
2018 → 2024
Working capital
€326k▼ 2.1%
2023 · €333k
2018: €71k
2019: €36k▼ -48.7% vs 2018lowest in 7 years
2020: €86k▲ +136% vs 2019
2021: €142k▲ +65.3% vs 2020
2022: €290k▲ +105% vs 2021
2023: €333k▲ +14.8% vs 2022highest in 7 years
2024: €326k▼ -2.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€79k-€133k▲ 68.2%€289k▲ 118%€338k▲ 17.1%€315k▼ 6.8%
2020: €79klowest in 5 years
2021: €133k▲ +68.2% vs 2020
2022: €289k▲ +118% vs 2021
2023: €338k▲ +17.1% vs 2022highest in 5 years
2024: €315k▼ -6.8% vs 2023
Operating result€-13k-€24k€153k▲ 532%€15k▼ 90.5%€-70k
2020: €-13k
2021: €24k▲ +286% vs 2020
2022: €153k▲ +532% vs 2021highest in 5 years
2023: €15k▼ -90.5% vs 2022
2024: €-70k▼ -580% vs 2023lowest in 5 years
Net result€22k-€54k▲ 148%€156k▲ 191%€49k▼ 68.4%€-23k
2020: €22k
2021: €54k▲ +148% vs 2020
2022: €156k▲ +191% vs 2021highest in 5 years
2023: €49k▼ -68.4% vs 2022
2024: €-23k▼ -147% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €70k after €15k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.40M
Fixed assets
€51k ▲ 148%
Current assets
€1.35M ▲ 18.9%
Equity and liabilities €1.40M
Equity
€315k ▼ 6.8%
Debt
€1.09M ▲ 32.7%
Debt's share of the balance-sheet total rises from 70.8% to 77.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-65k▼
2023 · €19k
Cash flow
€-19k▼
2023 · €53k
Current ratio
1.32▼
2023 · 1.41
Quick ratio
1.15▼
2023 · 1.21
Debt to equity
3.45▲
2023 · 2.42
ROE
-7.3%▼
2023 · 14.6%
ROA
-1.6%▼
2023 · 4.3%
Interest coverage
-18.18▼
2023 · 8.47
Debt ≤ 1 year
€1.03M▲
2023 · €805k
Debt > 1 year
€61k
Income taxes
€0▼
2023 · €18k
Staff costs
€293k▼
2023 · €301k
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.16M€1.40M▲
Formation expenses20€0€0=
Fixed assets21/28€21k€51k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€20k€51k▲
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€9k€10k▲
Leasing and similar rights25€0€0=
Other tangible fixed assets26€3k€33k▲
Financial fixed assets28€318€318=
Current assets29/58€1.14M€1.35M▲
Amounts receivable after more than one year29€94k€94k=
Trade receivables290€94k€94k=
Stocks and contracts in progress3€165k€173k▲
Stocks30/36€165k€173k▲
Amounts receivable within one year40/41€504k€666k▲
Trade receivables40€487k€601k▲
Other amounts receivable41€17k€65k▲
Cash at bank and in hand54/58€370k€417k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.40M▲
Equity10/15€338k€315k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€228k€205k▼
Amounts payable17/49€820k€1.09M▲
Amounts payable after more than one year17-€61k
Financial debts170/4-€61k
Amounts payable within one year42/48€805k€1.03M▲
Current portion of amounts payable after more than one year42€13k€22k▲
Trade debts44€38k€141k▲
Suppliers440/4€38k€141k▲
Advances received on contracts in progress46€698k€810k▲
Taxes, remuneration and social security45€54k€51k▼
Taxes450/3€12k€11k▼
Remuneration and social security454/9€42k€41k▼
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€16k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€301k€293k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€9k€1k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€329k€230k▼
Operating profit (loss)9901€15k€-70k▼
Financial income75/76B€56k€50k▼
Recurring financial income75€56k€50k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€68k€-23k▼
Income taxes67/77€18k€0▼
Profit (loss) for the period9904€49k€-23k▼
Profit (loss) for the period to be appropriated9905€49k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€228k€205k▼
Profit (loss) brought forward from the previous period14P€179k€228k▲
Social balance
Average headcount (FTE)90876.05.2▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €229k | €269k | €301k | €293k | ▼ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €15k | €8k | €4k | €4k | ▲ 7.8% |
| Other operating charges640/8 | - | €2k | €1k | €9k | €1k | ▼ 87.4% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €199k | €269k | €431k | €329k | €230k | ▼ 30.2% |
| Operating profit (loss)9901 | €-13k | €24k | €153k | €15k | €-70k | ▼ 580% |
| Financial income75/76B | - | €50k | €60k | €56k | €50k | ▼ 9.8% |
| Recurring financial income75 | €37k | €50k | €60k | €56k | €50k | ▼ 9.8% |
| Financial charges65/66B | - | €4k | €3k | €2k | €4k | ▲ 64.3% |
| Recurring financial charges65 | €2k | €4k | €3k | €2k | €4k | ▲ 64.3% |
| Profit (loss) for the period before taxes9903 | €22k | €70k | €210k | €68k | €-23k | ▼ 134% |
| Income taxes67/77 | €392 | €17k | €54k | €18k | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | €22k | €54k | €156k | €49k | €-23k | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €22k | €54k | €156k | €49k | €-23k | ▼ 147% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.25M | €1.04M | €1.27M | €1.16M | €1.40M | ▲ 21.2% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €21k | €14k | €10k | €21k | €51k | ▲ 148% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €21k | €14k | €10k | €20k | €51k | ▲ 150% |
| Plant, machinery and equipment23 | - | €4k | €6k | €8k | €7k | ▼ 13.0% |
| Furniture and vehicles24 | - | €10k | €3k | €9k | €10k | ▲ 12.2% |
| Leasing and similar rights25 | - | - | - | €0 | €0 | - |
| Other tangible fixed assets26 | - | €550 | €445 | €3k | €33k | ▲ 1,118% |
| Financial fixed assets28 | €318 | €318 | €318 | €318 | €318 | = |
| Current assets29/58 | €1.23M | €1.02M | €1.26M | €1.14M | €1.35M | ▲ 18.9% |
| Amounts receivable after more than one year29 | - | €94k | €94k | €94k | €94k | = |
| Trade receivables290 | - | €94k | €94k | €94k | €94k | = |
| Stocks and contracts in progress3 | €157k | €142k | €157k | €165k | €173k | ▲ 4.4% |
| Stocks30/36 | - | €142k | €157k | €165k | €173k | ▲ 4.4% |
| Amounts receivable within one year40/41 | €809k | €559k | €687k | €504k | €666k | ▲ 32.2% |
| Trade receivables40 | - | €512k | €650k | €487k | €601k | ▲ 23.4% |
| Other amounts receivable41 | - | €47k | €38k | €17k | €65k | ▲ 287% |
| Cash at bank and in hand54/58 | €166k | €220k | €316k | €370k | €417k | ▲ 12.5% |
| Deferred charges and accrued income490/1 | - | €7k | €6k | €4k | €3k | ▼ 18.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.25M | €1.04M | €1.27M | €1.16M | €1.40M | ▲ 21.2% |
| Equity10/15 | €79k | €133k | €289k | €338k | €315k | ▼ 6.8% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | €100k | €100k | €100k | €100k | = |
| Issued capital100 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-31k | €23k | €179k | €228k | €205k | ▼ 10.1% |
| Amounts payable17/49 | €1.17M | €903k | €982k | €820k | €1.09M | ▲ 32.7% |
| Amounts payable after more than one year17 | €721 | - | - | - | €61k | - |
| Financial debts170/4 | - | - | - | - | €61k | - |
| Amounts payable within one year42/48 | €1.14M | €880k | €970k | €805k | €1.03M | ▲ 27.6% |
| Current portion of amounts payable after more than one year42 | - | €14k | €13k | €13k | €22k | ▲ 67.6% |
| Trade debts44 | €125k | €57k | €56k | €38k | €141k | ▲ 269% |
| Suppliers440/4 | - | €57k | €56k | €38k | €141k | ▲ 269% |
| Advances received on contracts in progress46 | - | €755k | €851k | €698k | €810k | ▲ 16.1% |
| Taxes, remuneration and social security45 | - | €53k | €48k | €54k | €51k | ▼ 4.3% |
| Taxes450/3 | - | €9k | €12k | €12k | €11k | ▼ 7.5% |
| Remuneration and social security454/9 | - | €44k | €36k | €42k | €41k | ▼ 3.5% |
| Other amounts payable47/48 | - | €989 | €2k | €2k | €2k | ▲ 15.2% |
| Accrued charges and deferred income492/3 | - | €23k | €12k | €16k | €1k | ▼ 93.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €54k | €156k | €49k | €-23k | ▼ 147% |
| + Depreciation and write-downs630 | €37k | €15k | €8k | €4k | €4k | ▲ 7.8% |
| Operating cash flow (approximation) | €59k | €68k | €164k | €53k | €-19k | ▼ 135% |
| Investment in fixed assets (approximation) | - | €-8k | €-4k | €-14k | €-35k | ▼ 142% |
| Change in cash | - | €54k | €96k | €54k | €46k | ▼ 14.6% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 133 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €156k ▲191%
Operating result €153k, net result €156k, both a record.
31-12
Financial
Equity above €200kEq €289k ▲118%
3 profitable years in a row build equity to €289k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €133k ▲68.2%
2 profitable years in a row build equity to €133k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
07-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Brussel · 1 establishment unit since 2008
Ground area
1,354 m²
Building footprint
617 m²
Volume, LiDAR
10,463 m³
Parcel 21807G0060/00G003, Brussels · tallest building 27.0 m, ±8 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CATHANIX
since 20082.172.307.179
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0060/00G003 | Brussels | 1,354 m² | 1 · 617 m² | 27.0 m · 8 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.
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Of 1,511 companies in sector 47540 we hold annual accounts for 805. 645 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.