Summary
CEDMAX has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9.34M and a net result of €330k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 8663 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
22 d early
2023
28 d early
2022
14 d early
2021
20 d early
2020
18 d early
2019
59 d late
← 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, abbreviated schema
Equity
€9.34M▲ 14.7%
2024 · €8.15M
2019: €6.97M
2020: €6.92M
2021: €6.96M
2022: €6.92M
2023: €6.93M
2024: €8.15M
2019 → 2025
Total assets
€21.75M▲ 38.5%
2024 · €15.71M
2019: €9.84M
2020: €9.86M
2021: €10.89M
2022: €13.20M
2023: €16.24M
2024: €15.71M
2019 → 2025
Net result
€330k▲ 51.6%
2024 · €218k
2019: €86k
2020: €-48k
2021: €32k
2022: €-35k
2023: €7k
2024: €218k
2019 → 2025
Working capital
€-8.06M▼ 224%
2024 · €-2.49M
2019: €-2.75M
2020: €-2.79M
2021: €-2.76M
2022: €-2.90M
2023: €-3.05M
2024: €-2.49M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.96M-€6.92M▼ 0.5%€6.93M▲ 0.1%€8.15M▲ 17.6%€9.34M▲ 14.7%
Operating result€76k-€22k▼ 71.6%€26k▲ 18.9%€19k▼ 26.0%€56k▲ 195%
Net result€32k-€-35k€7k€218k▲ 3,097%€330k▲ 51.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 195% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.75M
Fixed assets
€20.74M ▲ 42.7%
Current assets
€1.01M ▼ 13.7%
Equity and liabilities €21.75M
Equity
€9.34M ▲ 14.7%
Debt
€12.41M ▲ 64.1%
Debt's share of the balance-sheet total rises from 48.1% to 57.1%. Equity and debt are higher.
Key figures and ratios
ROE
3.5%▲
2024 · 2.7%
ROA
1.5%▲
2024 · 1.4%
Debt ≤ 1 year
€9.07M▲
2024 · €3.66M
Debt > 1 year
€3.29M▼
2024 · €3.70M
Income taxes
€360▲
2024 · €109
Staff costs
€127k▲
2024 · €32k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15.71M€21.75M▲
Fixed assets21/28€14.53M€20.74M▲
Tangible fixed assets22/27€92k€145k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€89k€132k▲
Other tangible fixed assets26-€11k
Financial fixed assets28€14.44M€20.59M▲
Current assets29/58€1.17M€1.01M▼
Amounts receivable after more than one year29€676k€613k▼
Other amounts receivable291€676k€613k▼
Amounts receivable within one year40/41€392k€342k▼
Trade receivables40€908-
Other amounts receivable41€391k€342k▼
Cash at bank and in hand54/58€94k€55k▼
Deferred charges and accrued income490/1€10k€2k▼
Equity and liabilities
Total equity and liabilities10/49€15.71M€21.75M▲
Equity10/15€8.15M€9.34M▲
Contributions10/11€7.89M€8.75M▲
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€253k€583k▲
Amounts payable17/49€7.56M€12.41M▲
Amounts payable after more than one year17€3.70M€3.29M▼
Financial debts170/4€3.70M€3.29M▼
Amounts payable within one year42/48€3.66M€9.07M▲
Trade debts44€58k€2k▼
Suppliers440/4€58k€2k▼
Taxes, remuneration and social security45€78k€40k▼
Taxes450/3€75k€25k▼
Remuneration and social security454/9€4k€15k▲
Other amounts payable47/48€3.52M€9.02M▲
Accrued charges and deferred income492/3€202k€53k▼
Income statement
Code20242025
Remuneration, social security and pensions62€32k€127k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€21k▲
Other operating charges640/8€306€3k▲
Gross operating margin9900€60k€207k▲
Operating profit (loss)9901€19k€56k▲
Financial income75/76B€473k€387k▼
Recurring financial income75€210k€378k▲
Non-recurring financial income76B€263k€9k▼
Financial charges65/66B€274k€113k▼
Recurring financial charges65€274k€113k▼
Profit (loss) for the period before taxes9903€218k€331k▲
Income taxes67/77€109€360▲
Profit (loss) for the period9904€218k€330k▲
Profit (loss) for the period to be appropriated9905€218k€330k▲
Appropriation of the result
Profit (loss) to be appropriated9906€253k€583k▲
Profit (loss) brought forward from the previous period14P€35k€253k▲
Social balance
Average headcount (FTE)90870.41.5▲
The notes to these accounts (10 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €330k ▲51.6%
Net result €330k, the highest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-48k ▼156%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zulte · 1 establishment unit since 2018
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.
Boelakendreef 299870 ZulteGround area
7,893 m²
Building footprint
89 m²
Volume, LiDAR
619 m³
Parcel 44081A0323/00S000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CEDMAX
since 20182.284.116.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081A0323/00S000 | Flanders | 7,893 m² | 1 · 89 m² | 9.8 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 7,192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:053/782929