CEDAK
ActiveThe computed 12-month bankruptcy probability of CEDAK is 2.7% (moderate). The annual accounts of CEDAK for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €5k and a net result of €-46k. Equity is growing by ~48.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 27711 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-38
Solvency30▼-59
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 2.96 in 2024; short-term debt: 89.5% and cash: 68.7% of total assets), and 95.3% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
4.7%
Return on assets
-43%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 11%
← weakest
strongest →
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 15-04-2026, 107 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
107 d early
2024
76 d early
2023
20 d early
2022
5 d early
2021
33 d early
2020
41 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 94.3%
2024 · €88k
2020: €15k
2021: €23k
2022: €51k
2023: €82k
2024: €88k
2020 → 2025
Total assets
€107k▼ 22.0%
2024 · €137k
2020: €48k
2021: €52k
2022: €103k
2023: €134k
2024: €137k
2020 → 2025
Net result
€-46k
2024 · €6k
2020: €10k
2021: €8k
2022: €28k
2023: €30k
2024: €6k
2020 → 2025
Working capital
€-5k
2024 · €73k
2020: €10k
2021: €8k
2022: €30k
2023: €67k
2024: €73k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€51k▲ 121%€82k▲ 58.5%€88k▲ 7.6%€5k▼ 94.3%
Operating result€10k-€34k▲ 222%€39k▲ 14.4%€36k▼ 5.8%€-14k
Net result€8k-€28k▲ 251%€30k▲ 7.0%€6k▼ 79.5%€-46k
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 2025: a loss of €14k after €36k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€16k▼ 38.7%
Current assets
€91k▼ 17.9%
Equity and liabilities €107k
Equity
€5k▼ 94.3%
Debt
€102k▲ 106%
The debt ratio rises from 36.1% to 95.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €46k
Cash flow
€-36k▼
2024 · €16k
Solvency
4.7%▼
2024 · 63.9%
Current ratio
0.95▼
2024 · 2.96
Quick ratio
0.93▼
2024 · 2.94
Debt / equity
20.42▲
2024 · 0.56
ROE
-920.0%▼
2024 · 7.0%
ROA
-43.0%▼
2024 · 4.5%
Interest coverage
-0.12▼
2024 · 1.58
Debt
€102k▲
2024 · €50k
Debt ≤ 1 year
€96k▲
2024 · €37k
Debt > 1 year
€6k▼
2024 · €12k
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€137k€107k▼
Fixed assets21/28€27k€16k▼
Intangible fixed assets21€431€107▼
Tangible fixed assets22/27€26k€16k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€23k€15k▼
Current assets29/58€110k€91k▼
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€18k€14k▼
Trade receivables40€9k€3k▼
Other amounts receivable41€9k€12k▲
Cash at bank and in hand54/58€90k€74k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€137k€107k▼
Equity10/15€88k€5k▼
Contributions10/11€5k€5k=
Reserves13€83k-
Distributable reserves133€83k-
Amounts payable17/49€50k€102k▲
Amounts payable after more than one year17€12k€6k▼
Financial debts170/4€12k€6k▼
Amounts payable within one year42/48€37k€96k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€2k-
Other loans439€2k-
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€9€73▲
Taxes450/3€9€73▲
Other amounts payable47/48€22k€85k▲
Income statement
Code20242025
Non-recurring operating income76A€36-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€1k€863▼
Gross operating margin9900€47k€-3k▼
Operating profit (loss)9901€36k€-14k▼
Financial income75/76B€563€212▼
Recurring financial income75€563€212▼
Financial charges65/66B€29k€32k▲
Recurring financial charges65€29k€32k▲
Profit (loss) for the period before taxes9903€8k€-46k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€6k€-46k▼
Profit (loss) for the period to be appropriated9905€6k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-46k▼
Transfer from equity791/2-€83k
Transfer to equity691/2€6k-
To other reserves6921€6k-
Profit to be distributed694/7-€37k
Return on contributions (dividend)694-€37k
The notes to these accounts (8 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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-46k ▼845%
Net result drops to €-46k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €30k ▲7%
Operating result €39k, net result €30k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2020
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.
Eduard Van Steenbergenlaan 162100 AntwerpenGround area
163 m²
Building footprint
74 m²
Volume, LiDAR
520 m³
Parcel 11346B0557/00D003, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CEDAK
since 20202.298.842.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0557/00D003 | Flanders | 163 m² | 1 · 74 m² | 8.8 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900THAEX29N0NA327
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 2,738 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2020
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.