Cemax
ActiveCemax has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €38k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 13044 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency41▼-21
Growth52=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.32 against 1.04 in 2024), and 66.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
3 d early
2021
2 d early
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€134k▼ 35.7%
2024 · €209k
2019: €117k
2020: €119k
2021: €142k
2022: €182k
2023: €197k
2024: €209k
2019 → 2025
Total assets
€404k▼ 23.2%
2024 · €526k
2019: €440k
2020: €407k
2021: €402k
2022: €497k
2023: €406k
2024: €526k
2019 → 2025
Net result
€38k▲ 10.2%
2024 · €35k
2019: €41k
2020: €3k
2021: €23k
2022: €75k
2023: €20k
2024: €35k
2019 → 2025
Working capital
€-92k
2024 · €5k
2019: €-41k
2020: €-44k
2021: €43k
2022: €21k
2023: €26k
2024: €5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€142k-€182k▲ 28.3%€197k▲ 8.2%€209k▲ 6.1%€134k▼ 35.7%
Operating result€32k-€103k▲ 218%€34k▼ 67.0%€53k▲ 55.9%€66k▲ 24.1%
Net result€23k-€75k▲ 225%€20k▼ 73.4%€35k▲ 74.4%€38k▲ 10.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404k
Fixed assets
€361k▼ 8.2%
Current assets
€43k▼ 67.6%
Equity and liabilities €404k
Equity
€134k▼ 35.7%
Debt
€270k▼ 15.0%
The debt ratio rises from 60.4% to 66.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€107k▲
2024 · €86k
Cash flow
€79k▲
2024 · €68k
Solvency
33.2%▼
2024 · 39.6%
Current ratio
0.32▼
2024 · 1.04
Quick ratio
0.22▼
2024 · 0.89
Debt / equity
2.01▲
2024 · 1.52
ROE
28.4%▲
2024 · 16.6%
ROA
9.4%▲
2024 · 6.6%
Interest coverage
9.24▼
2024 · 12.29
Debt
€270k▼
2024 · €318k
Debt ≤ 1 year
€135k▲
2024 · €127k
Debt > 1 year
€135k▼
2024 · €186k
Income taxes
€18k▲
2024 · €13k
Staff costs
€32k▼
2024 · €61k
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€526k€404k▼
Fixed assets21/28€394k€361k▼
Tangible fixed assets22/27€394k€361k▼
Land and buildings22€251k€237k▼
Plant, machinery and equipment23€58k€53k▼
Furniture and vehicles24€25k€23k▼
Leasing and similar rights25€60k€48k▼
Current assets29/58€132k€43k▼
Amounts receivable after more than one year29€55k€0▼
Other amounts receivable291€55k€0▼
Stocks and contracts in progress3€19k€14k▼
Stocks30/36€19k€14k▼
Amounts receivable within one year40/41€36k€0▼
Trade receivables40€593€0▼
Other amounts receivable41€36k€0▼
Cash at bank and in hand54/58€14k€23k▲
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€526k€404k▼
Equity10/15€209k€134k▼
Contributions10/11€20k€20k=
Reserves13€189k€114k▼
Distributable reserves133€189k€114k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€318k€270k▼
Amounts payable after more than one year17€186k€135k▼
Financial debts170/4€186k€135k▼
Amounts payable within one year42/48€127k€135k▲
Current portion of amounts payable after more than one year42€48k€56k▲
Financial debts43€16€0▼
Credit institutions430/8€16€0▼
Trade debts44€47k€34k▼
Suppliers440/4€47k€34k▼
Advances received on contracts in progress46€476€289▼
Taxes, remuneration and social security45€10k€17k▲
Taxes450/3€8k€15k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€22k€28k▲
Accrued charges and deferred income492/3€4k€653▼
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€61k€32k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€41k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€151k€144k▼
Operating profit (loss)9901€53k€66k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€7k€12k▲
Recurring financial charges65€7k€12k▲
Profit (loss) for the period before taxes9903€48k€56k▲
Income taxes67/77€13k€18k▲
Profit (loss) for the period9904€35k€38k▲
Profit (loss) for the period to be appropriated9905€35k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€38k▲
Transfer from equity791/2€23k€113k▲
Transfer to equity691/2€35k€38k▲
To other reserves6921€35k€38k▲
Profit to be distributed694/7€23k€113k▲
Return on contributions (dividend)694€23k€113k▲
The notes to these accounts (12 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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €200kEq €209k ▲6.1%
6 profitable years in a row build equity to €209k.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €75k ▲225%
Operating result €103k, net result €75k, both a record.
31-03
Financial
Equity above €150kEq €182k ▲28.3%
4 profitable years in a row build equity to €182k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 1.74
Current ratio from 0.64 to 1.74; short-term debt falls from €119k to €58k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €3k ▼93.6%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2022
Celine Staessens
CurrentDirector · since 01-10-2022
01-10-2022
Appointed as Director
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2010
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.
Ward De Bockstraat 219160 LokerenGround area
1,826 m²
Building footprint
371 m²
Volume, LiDAR
1,861 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bokmolenhoeve
since 20102.189.068.482
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1375/02G000 | Flanders | 987 m² | 1 · 244 m² | 9.3 m · 2 fl. |
| 46383D0468/00G000 | Flanders | 839 m² | 1 · 127 m² | 7.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteLokeren2.189.068.482
Similar companies · same sector, comparable size
Bâton
BE 1005.243.167
Mechelen · Eq €134k
Green Blasters
BE 0736.378.171
Sint-Lievens-Houtem · Eq €134k
KOJI
BE 0724.950.779
Turnhout · Eq €134k
Restaurant De Snoeck
BE 0669.595.354
Berlare · Eq €134k
Jawali
BE 0675.632.615
Rotselaar · Eq €134k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 9,113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2010
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.