CEDR
ActiveCEDR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €938k and a net result of €116k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 1937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-2
Solvency72▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.78 in 2023; short-term debt: 32.7% and cash: 32% of total assets), but 52.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.4%
Return on assets
5.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
35 d early
2022
27 d early
2021
46 d early
2020
45 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€938k▲ 7.0%
2023 · €876k
2018: €729k
2019: €837k
2020: €936k
2021: €799k
2022: €786k
2023: €876k
2018 → 2024
Total assets
€1.98M▼ 3.0%
2023 · €2.04M
2018: €1.07M
2019: €1.80M
2020: €2.18M
2021: €1.99M
2022: €1.96M
2023: €2.04M
2018 → 2024
Net result
€116k▼ 22.3%
2023 · €149k
2018: €59k
2019: €109k
2020: €99k
2021: €12k
2022: €42k
2023: €149k
2018 → 2024
Working capital
€628k▲ 14.4%
2023 · €550k
2018: €685k
2019: €670k
2020: €765k
2021: €596k
2022: €557k
2023: €550k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€936k-€799k▼ 14.6%€786k▼ 1.7%€876k▲ 11.5%€938k▲ 7.0%
Operating result€179k-€37k▼ 79.3%€94k▲ 152%€252k▲ 169%€199k▼ 21.1%
Net result€99k-€12k▼ 87.9%€42k▲ 252%€149k▲ 254%€116k▼ 22.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.98M
Fixed assets
€704k▼ 10.7%
Current assets
€1.28M▲ 1.8%
Equity and liabilities €1.98M
Equity
€938k▲ 7.0%
Debt
€1.04M▼ 10.6%
The debt ratio falls from 57.1% to 52.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€296k▼
2023 · €340k
Cash flow
€213k▼
2023 · €237k
Solvency
47.4%▲
2023 · 42.9%
Current ratio
1.97▲
2023 · 1.78
Quick ratio
1.97▲
2023 · 1.78
Debt / equity
1.11▼
2023 · 1.33
ROE
12.4%▼
2023 · 17.0%
ROA
5.9%▼
2023 · 7.3%
Interest coverage
21.39▼
2023 · 23.10
Debt
€1.04M▼
2023 · €1.17M
Debt ≤ 1 year
€647k▼
2023 · €703k
Debt > 1 year
€394k▼
2023 · €459k
Income taxes
€74k▼
2023 · €89k
Staff costs
€1.87M▼
2023 · €1.89M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.04M€1.98M▼
Fixed assets21/28€789k€704k▼
Intangible fixed assets21€11k€6k▼
Tangible fixed assets22/27€763k€691k▼
Land and buildings22€574k€552k▼
Plant, machinery and equipment23€41k€30k▼
Furniture and vehicles24€89k€65k▼
Leasing and similar rights25€36k€22k▼
Other tangible fixed assets26€23k€21k▼
Financial fixed assets28€15k€7k▼
Current assets29/58€1.25M€1.28M▲
Amounts receivable within one year40/41€548k€606k▲
Trade receivables40€546k€606k▲
Other amounts receivable41€2k€196▼
Cash at bank and in hand54/58€679k€633k▼
Deferred charges and accrued income490/1€26k€36k▲
Equity and liabilities
Total equity and liabilities10/49€2.04M€1.98M▼
Equity10/15€876k€938k▲
Contributions10/11€6k€6k=
Reserves13€444k€506k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€426k€487k▲
Profit (loss) carried forward14€426k€426k=
Amounts payable17/49€1.17M€1.04M▼
Amounts payable after more than one year17€459k€394k▼
Financial debts170/4€459k€394k▼
Amounts payable within one year42/48€703k€647k▼
Current portion of amounts payable after more than one year42€74k€106k▲
Financial debts43€43k€0▼
Credit institutions430/8€43k€0▼
Trade debts44€56k€74k▲
Suppliers440/4€56k€74k▲
Taxes, remuneration and social security45€470k€412k▼
Taxes450/3€92k€114k▲
Remuneration and social security454/9€378k€298k▼
Other amounts payable47/48€60k€56k▼
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€1.89M€1.87M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€97k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€-10k▼
Other operating charges640/8€9k€11k▲
Gross operating margin9900€2.25M€2.17M▼
Operating profit (loss)9901€252k€199k▼
Financial income75/76B€961€5k▲
Recurring financial income75€961€3k▲
Non-recurring financial income76B-€3k
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€238k€190k▼
Income taxes67/77€89k€74k▼
Profit (loss) for the period9904€149k€116k▼
Profit (loss) for the period to be appropriated9905€149k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€575k€541k▼
Profit (loss) brought forward from the previous period14P€426k€426k=
Transfer from equity791/2€59k€54k▼
Transfer to equity691/2€149k€116k▼
To other reserves6921€149k€116k▼
Profit to be distributed694/7€59k€54k▼
Return on contributions (dividend)694€59k€54k▼
Social balance
Average headcount (FTE)908721.020.9▼
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €149k ▲254%
Operating result €252k, net result €149k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €12k ▼87.9%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 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 · 2 establishment units since 2014
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.
Straatsburgdok-Noordkaai 212030 AntwerpenGround area
1.3 ha
Building footprint
6,614 m²
Volume, LiDAR
85,069 m³
2 parcels, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
CEDR
since 20142.230.459.075
CEDR
since 20192.289.370.145
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G2131/00Y000 | Flanders | 1.2 ha | 1 · 6,614 m² | 17.0 m · 4 fl. |
| 44813S0432/00G000 | Flanders | 985 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 8,201 EUR awarded · 8,201 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,811 EUR | 2,811 EUR |
| 2024 | 1 | 2,873 EUR | 3,369 EUR |
| 2023 | 1 | 867 EUR | 371 EUR |
| 2022 | 1 | 1,650 EUR | 1,650 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,555 companies in sector 71121 we hold annual accounts for 6,561. 3,522 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2002
Fiscal year end31-12
Activities, NACEBEL
70311
71121Engineering and related technical consultancy, excluding land surveyors
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 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.