CEDANA
ActiveCEDANA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €33k. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
88
/ 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-16
Solvency87▼-13
Growth52=
Stability94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.62 in 2024), and 17.4% 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
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
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 · 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
82.6%
Return on assets
13.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 4 filingsDeviation from the deadline
2025
25 d late
2024
1 d late
2023
19 d late
2022
20 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€200k▲ 20.2%
2024 · €166k
2022: €69k
2023: €114k
2024: €166k
2022 → 2025
Total assets
€241k▲ 17.0%
2024 · €206k
2022: €120k
2023: €155k
2024: €206k
2022 → 2025
Net result
€33k▼ 36.2%
2024 · €52k
2022: €68k
2023: €45k
2024: €52k
2022 → 2025
Working capital
€18k▼ 73.0%
2024 · €65k
2022: €58k
2023: €105k
2024: €65k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€69k-€114k▲ 64.5%€166k▲ 46.1%€200k▲ 20.2%
Operating result€91k-€57k▼ 37.9%€67k▲ 17.6%€42k▼ 37.8%
Net result€68k-€45k▼ 34.1%€52k▲ 17.7%€33k▼ 36.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€182k▲ 80.5%
Current assets
€60k▼ 43.5%
Equity and liabilities €241k
Equity
€200k▲ 20.2%
Debt
€42k▲ 4.2%
The debt ratio falls from 19.5% to 17.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€47k▼
2024 · €74k
Cash flow
€39k▼
2024 · €60k
Solvency
82.6%▲
2024 · 80.5%
Current ratio
1.42▼
2024 · 2.62
Quick ratio
1.42▼
2024 · 2.62
Debt / equity
0.21▼
2024 · 0.24
ROE
16.8%▼
2024 · 31.6%
ROA
13.9%▼
2024 · 25.4%
Interest coverage
32.29▼
2024 · 70.62
Debt
€42k▲
2024 · €40k
Debt ≤ 1 year
€42k▲
2024 · €40k
Income taxes
€7k▼
2024 · €14k
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€206k€241k▲
Fixed assets21/28€101k€182k▲
Tangible fixed assets22/27€101k€182k▲
Land and buildings22€54k€54k=
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€5k€4k▼
Assets under construction and advance payments27€40k€122k▲
Current assets29/58€106k€60k▼
Amounts receivable within one year40/41€16k€37k▲
Trade receivables40€10k€19k▲
Other amounts receivable41€7k€18k▲
Cash at bank and in hand54/58€89k€22k▼
Deferred charges and accrued income490/1€396€420▲
Equity and liabilities
Total equity and liabilities10/49€206k€241k▲
Equity10/15€166k€200k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€165k€198k▲
Amounts payable17/49€40k€42k▲
Amounts payable within one year42/48€40k€42k▲
Trade debts44€235€580▲
Suppliers440/4€235€580▲
Taxes, remuneration and social security45€28k€14k▼
Taxes450/3€26k€14k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€12k€27k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€673€695▲
Gross operating margin9900€75k€48k▼
Operating profit (loss)9901€67k€42k▼
Financial income75/76B€283€385▲
Recurring financial income75€283€385▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€66k€40k▼
Income taxes67/77€14k€7k▼
Profit (loss) for the period9904€52k€33k▼
Profit (loss) for the period to be appropriated9905€52k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€165k€198k▲
Profit (loss) brought forward from the previous period14P€112k€165k▲
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €33k ▼36.2%
Net result drops to €33k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Equity above €150kEq €166k ▲46.1%
3 profitable years in a row build equity to €166k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Equity above €100kEq €114k ▲64.5%
2 profitable years in a row build equity to €114k.
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 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, Waterloo · 1 establishment unit since 2022
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.
Clos des Girolles 81410 WaterlooGround area
799 m²
Building footprint
165 m²
Parcel 25764N0833/00M002, Wallonia. Linked by address, not a title deed.
1 establishment unit
CEDANA
since 20222.326.719.796
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764N0833/00M002 | Wallonia | 799 m² | 1 · 165 m² | - |
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.
Similar companies · same sector, comparable size
AGENCE IMMOBILIERE SOCIALE D'UCCLE
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Kapellen · Eq €200k
RESIDENCY
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JACKA INVEST
BE 0448.799.402
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KASPERS
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Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 5,168 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2022
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.