CEDAR IMMO
ActiveThe computed 12-month bankruptcy probability of CEDAR IMMO is 1.7% (moderate). The 2025 annual accounts show negative equity (€-21k) and a net result of €-3k. Equity is shrinking by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 14038 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 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
Profitability61▲+17
Solvency22=
Growth72=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 77.1% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 →
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
-3.4%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-21k
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 11-03-2026, 142 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
142 d early
2024
53 d late
2023
72 d late
2022
49 d early
2021
41 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€43k▲ 245%
2021 · €12k
2021: €12k
2021 → 2022
EBIT margin
32.0%▲ 113.5pp
2021 · -81.5%
2021: -81.5%
2021 → 2022
Net result
€-3k▼ 131%
2024 · €-1k
2021: €-14k
2022: €6k
2023: €-27k
2024: €-1k
2021 → 2025
Working capital
€-486k=
2024 · €-486k
2021: €-103k
2022: €-455k
2023: €-478k
2024: €-486k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12k-€43k▲ 245%
Equity€5k-€10k▲ 120%€-17k€-18k▼ 7.2%€-21k▼ 15.4%
Operating result€-10k-€14k€6k▼ 58.3%€7k▲ 21.5%€1k▼ 84.4%
Net result€-14k-€6k€-27k€-1k▲ 95.5%€-3k▼ 131%
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 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €633k
Fixed assets
€631k▼ 2.2%
Current assets
€2k▼ 8.5%
Key figures and ratios
EBITDA
€20k▼
2024 · €25k
Cash flow
€16k▼
2024 · €16k
Solvency
-3.4%▼
2024 · -2.8%
Current ratio
0.00▼
2024 · 0.00
Quick ratio
0.00▼
2024 · 0.00
Debt / equity
-30.76▲
2024 · -36.13
ROA
-0.4%▼
2024 · -0.2%
Interest coverage
5.18▲
2024 · 3.01
Debt
€654k▼
2024 · €666k
Debt ≤ 1 year
€488k=
2024 · €488k
Debt > 1 year
€166k▼
2024 · €178k
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€648k€633k▼
Fixed assets21/28€646k€631k▼
Tangible fixed assets22/27€646k€631k▼
Land and buildings22€633k€615k▼
Other tangible fixed assets26€13k€16k▲
Current assets29/58€2k€2k▼
Cash at bank and in hand54/58€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€648k€633k▼
Equity10/15€-18k€-21k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-37k€-40k▼
Amounts payable17/49€666k€654k▼
Amounts payable after more than one year17€178k€166k▼
Financial debts170/4€178k€166k▼
Amounts payable within one year42/48€488k€488k=
Current portion of amounts payable after more than one year42€12k€12k=
Taxes, remuneration and social security45€4k€4k=
Taxes450/3€4k€4k=
Other amounts payable47/48€472k€472k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€6k€1k▼
Gross operating margin9900€31k€22k▼
Operating profit (loss)9901€7k€1k▼
Financial charges65/66B€8k€4k▼
Recurring financial charges65€8k€4k▼
Profit (loss) for the period before taxes9903€-1k€-3k▼
Profit (loss) for the period9904€-1k€-3k▼
Profit (loss) for the period to be appropriated9905€-1k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-40k▼
Profit (loss) brought forward from the previous period14P€-36k€-37k▼
The notes to these accounts (6 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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Weakest financial yearnet €-27k ▼592%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vorst · 1 establishment unit since 2021
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.
Lusambostraat 361190 VorstGround area
3,197 m²
Building footprint
1,010 m²
Volume, LiDAR
8,138 m³
Parcel 21384D0069/00H000, Brussels · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CEDAR IMMO
since 20212.315.435.728
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0069/00H000 | Brussels | 3,197 m² | 1 · 1,009 m² | 10.4 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 1,919 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2021
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.