CECAMAX

Active

Private limited companyfounded 2002active for 24 yearsRue de Sas(SG) 84, 7330 Saint-Ghislain, BelgiumKBO/BCE: BE 0477.747.962

Summary

The computed 12-month bankruptcy probability of CECAMAX is 3.4% (moderate). The 2025 annual accounts show equity of €183,787 and a net result of -€7,598. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 49% of 13,626 sector peers (NACE 46, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).

Risk analysisFollow Report Compare

CECAMAXActiveChecked score 49/100

Risk analysis Report Compare

Activity

Wholesale of perfume and cosmetics

NACE 46450

1 site

Size

€463,415total assets 2025

Equity: €183,787
Loss: -€7,598

Turnover not published (micro format)

Financial health

49 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 3.4%

Structure

HD AUTODirector · permanent representative Hakki DEMIRCI

Accounts filed 13 days late3 of 7 deeds read

Why 49raises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.22, cash €304Latest accounts 14 days late; 1 of the last 3 late2 ex-officio strike-offs in the KBOShow the evidence

Checked score

Score 2025

49 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 40% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 65+10

equity 39.7% of total assets

Liquidity 47+13

short-term debt 15.3% · cash 0.1%

Profitability 41+6

return on assets -1.6%

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,868 companies, NACE 46, micro)

Last 24 months 11-2024: 2.1% 12-2024: 2.1%● unchanged vs 11-2024lowest value 01-2025: 2.6%▲ +0.5 percentage points vs 12-2024 02-2025: 3.3%▲ +0.7 percentage points vs 01-2025 03-2025: 3.6%▲ +0.3 percentage points vs 02-2025 04-2025: 3.0%▼ -0.6 percentage points vs 03-2025 05-2025: 3.0%● unchanged vs 04-2025 06-2025: 3.0%● unchanged vs 05-2025 07-2025: 3.0%● unchanged vs 06-2025 08-2025: 3.0%● unchanged vs 07-2025 09-2025: 3.0%● unchanged vs 08-2025 10-2025: 2.9%▼ -0.1 percentage points vs 09-2025 11-2025: 2.9%● unchanged vs 10-2025 12-2025: 5.8%▲ +2.9 percentage points vs 11-2025 01-2026: 5.8%● unchanged vs 12-2025 02-2026: 7.1%▲ +1.3 percentage points vs 01-2026highest value 03-2026: 3.8%▼ -3.3 percentage points vs 02-2026 04-2026: 3.4%▼ -0.4 percentage points vs 03-2026 05-2026: 3.0%▼ -0.4 percentage points vs 04-2026 06-2026: 3.0%● unchanged vs 05-2026 07-2026: 3.0%● unchanged vs 06-2026 08-2026: 3.0%● unchanged vs 07-2026 09-2026: 3.0%● unchanged vs 08-2026 10-2026: 3.4%▲ +0.4 percentage points vs 09-2026

Credit of up to €9,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.22, compared with 0.79 in 2024, below 1; short-term debt: 15.3% and cash: 0.1% of total assets), and 60.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 48% on solvency, 46% on liquidity, 33% on profitability and 33% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

raises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Liquidity: current ratio 0.22, cash €304

NBB · annual accounts

Latest accounts 14 days late; 1 of the last 3 late

NBB · filings

2 ex-officio strike-offs in the KBO

KBO publications

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

19202122232425

2019 to 2025 · latest year -€7,598

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

13 days late

2024

49 days late

2023

19 days late

2022

384 days late

2021

59 days late

2020

9 days late

2019

10 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 78 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Administrative warnings in the KBO publications

2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

UBO non-compliance×2

Searched, nothing found (1)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 March (4 of the last 5 filed years within 36 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end24-10-2026 today31-01-2027 deadline

01-06-2026 Resignation: HD AUTO (manager)Appointment: HD AUTO (director) ·…
13-02-2026 Annual accounts filedfinancial year 2025 · micro…
17-11-2025 Registered officeRegistered-office move · Director in…

Key points

Risk: 4 loss-making years in a rowloss financial year 2025 -€7,598 View
New directorlatest change 01-06-2026 · 1 in office 1 joined View
Total assets 20256 financial years filed €463,415 View

By topic

Financials

Financial year: 2025
Total assets: €463,415
Loss: -€7,598
Solvency: 39.7%

Total assets▼ 27.8%

Net result

20192025

Go to Financials

Board & ownership

Board: 1 member

HD AUTODirector

Go to Board & ownership

Timeline

Events: 31
Since: 2004
Next accounts: by 31-01-2027

21-03-2025Annual accounts filed
12-04-2024UBO non-compliance
29-03-2024UBO non-compliance

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Wholesale of perfume and cosmeticsNACE 46450
Founded: 14-06-2002
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 25

Who signs: Each director alone
Annual meeting: First Friday of December at 19:00
Purpose: “Import-export, le commerce de gros ou au détail, la distribution, le conditionnement, la…” (deed in French)

Go to Articles of association

Key facts about CECAMAX

What is the company number of CECAMAX?: 0477.747.962. In Belgium the VAT number is the company number with BE in front: BE 0477.747.962.
Where is CECAMAX based?: The registered office is at Rue de Sas(SG) 84, 7330 Saint-Ghislain.Company details
What does CECAMAX do?: According to the KBO register, the main activity is wholesale of perfume and cosmetics (NACE 46450).
What is the legal form of CECAMAX?: Private limited company (BV).
When was CECAMAX founded?: On 14-06-2002.
Is CECAMAX still active?: Yes, CECAMAX is an active enterprise in the KBO register.
What is the turnover of CECAMAX?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is CECAMAX profitable?: In financial year 2025, CECAMAX made a loss of €7,598.
Where can I find the annual accounts of CECAMAX?: CECAMAX filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CECAMAX due?: By 31-01-2027, for financial year 2026.Timeline