CEDARS IMMO
ActiveSummary
The computed 12-month bankruptcy probability of CEDARS IMMO is 3.6% (moderate). The 2025 annual accounts show negative equity (€-9k) and a net result of €8k. Equity is growing by ~41.5% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 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▲+8
Solvency19▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.1 in 2024; short-term debt: 39.8% and cash: 1.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 · 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
-5.9%
Return on assets
5.3%
Age of the figures
9 mo
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 25-02-2026, 156 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
156 d early
2024
126 d early
2023
125 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-9k▲ 47.1%
2024 · €-17k
2023: €-23k
2024: €-17k
2023 → 2025
Total assets
€152k▲ 0.6%
2024 · €151k
2023: €158k
2024: €151k
2023 → 2025
Net result
€8k▲ 31.0%
2024 · €6k
2023: €-26k
2024: €6k
2023 → 2025
Working capital
€-59k▼ 24.2%
2024 · €-47k
2023: €-45k
2024: €-47k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-23k-€-17k▲ 26.4%€-9k▲ 47.1%
Operating result€-20k-€11k€12k▲ 12.5%
Net result€-26k-€6k€8k▲ 31.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€150k ▲ 2.9%
Current assets
€2k ▼ 64.2%
Key figures and ratios
EBITDA
€19k▲
2024 · €17k
Cash flow
€15k▲
2024 · €12k
Solvency
-5.9%▲
2024 · -11.2%
Current ratio
0.03▼
2024 · 0.10
Debt to equity
-17.92▼
2024 · -9.91
ROA
5.3%▲
2024 · 4.0%
Interest coverage
4.31▲
2024 · 3.50
Debt
€161k▼
2024 · €168k
Debt ≤ 1 year
€60k▲
2024 · €52k
Debt > 1 year
€100k▼
2024 · €115k
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 · 2025 against 2024 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€151k€152k▲
Fixed assets21/28€146k€150k▲
Tangible fixed assets22/27€146k€150k▲
Land and buildings22€146k€150k▲
Current assets29/58€5k€2k▼
Amounts receivable within one year40/41-€159
Other amounts receivable41-€159
Cash at bank and in hand54/58€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€151k€152k▲
Equity10/15€-17k€-9k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-20k€-12k▲
Amounts payable17/49€168k€161k▼
Amounts payable after more than one year17€115k€100k▼
Financial debts170/4€115k€100k▼
Amounts payable within one year42/48€52k€60k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€847-
Suppliers440/4€847-
Other amounts payable47/48€37k€45k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€387€400▲
Gross operating margin9900€18k€20k▲
Operating profit (loss)9901€11k€12k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€6k€8k▲
Profit (loss) for the period9904€6k€8k▲
Profit (loss) for the period to be appropriated9905€6k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-12k▲
Profit (loss) brought forward from the previous period14P€-26k€-20k▲
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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €8k ▲31%
Operating result €12k, net result €8k, both a record.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Namur · 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.
Rue de Fernelmont(CH) 1225020 NamurGround area
4,157 m²
Building footprint
712 m²
Volume, LiDAR
12,131 m³
2 parcels, Wallonia · tallest building 25.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
CEDARS IMMO
since 20222.338.589.133
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92024D0384/00Y000 | Wallonia | 3,434 m² | 1 · 264 m² | 10.8 m · 3 fl. |
| 92094C0482/00L002 | Wallonia | 723 m² | 1 · 448 m² | 25.3 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.