CERBUX INVEST
ActiveCERBUX INVEST has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.29M) and a net result of €-354k. Equity is shrinking by ~37.1% per year across the filed fiscal years. Its solvency ranks better than 7% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-17
Solvency0▼-2
Growth31=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.62 against 1.14 in 2024; short-term debt: 3.9% and cash: 0.6% of total assets), but 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
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 →
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
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
-34.1%
Return on assets
-9.3%
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
1819202122232425
2018 to 2025 · latest year €-1.29M
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 28-06-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
34 d early
2023
44 d late
2022
22 d late
2021
26 d early
2020
11 d late
2019
73 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€550k▲ 16.0%
2022 · €474k
2018: €601k
2019: €494k
2020: €498k
2021: €446k
2022: €474k
2018 → 2023
EBIT margin
-8.9%▲ 21.6pp
2022 · -30.6%
2018: 355.1%
2019: 8.7%
2020: -3.4%
2021: -31.9%
2022: -30.6%
2018 → 2023
Net result
€-354k▼ 91.7%
2024 · €-185k
2018: €2.05M
2019: €-239k
2020: €-81k
2021: €-204k
2022: €-263k
2023: €-76k
2024: €-185k
2018 → 2025
Working capital
€92k▲ 271%
2024 · €25k
2018: €123k
2019: €-139k
2020: €-155k
2021: €-234k
2022: €-87k
2023: €-42k
2024: €25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€446k-€474k▲ 6.4%€550k▲ 16.0%
Equity€-385k-€-658k▼ 70.9%€-745k▼ 13.2%€-940k▼ 26.2%€-1.29M▼ 37.7%
Operating result€-142k-€-145k▼ 2.0%€-49k▲ 66.0%€-78k▼ 59.2%€-221k▼ 182%
Net result€-204k-€-263k▼ 28.5%€-76k▲ 70.9%€-185k▼ 142%€-354k▼ 91.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €221k in 2025 against €78k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.79M
Fixed assets
€3.55M▼ 7.5%
Current assets
€240k▲ 17.8%
Key figures and ratios
EBITDA
€74k▼
2024 · €215k
Cash flow
€-60k▼
2024 · €109k
Solvency
-34.1%▼
2024 · -23.3%
Current ratio
1.62▲
2024 · 1.14
Quick ratio
1.62▲
2024 · 1.14
Debt / equity
-3.93▲
2024 · -5.27
ROA
-9.3%▼
2024 · -4.6%
Interest coverage
0.46▼
2024 · 1.80
Debt
€5.09M▲
2024 · €4.96M
Debt ≤ 1 year
€148k▼
2024 · €179k
Debt > 1 year
€4.55M▲
2024 · €4.46M
Income taxes
€378▲
2024 · €365
Staff costs
€63k▲
2024 · €58k
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€4.04M€3.79M▼
Fixed assets21/28€3.84M€3.55M▼
Intangible fixed assets21€37k€31k▼
Tangible fixed assets22/27€3.80M€3.51M▼
Land and buildings22€3.57M€3.32M▼
Plant, machinery and equipment23€159k€137k▼
Furniture and vehicles24€70k€61k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€5k€5k=
Current assets29/58€204k€240k▲
Amounts receivable within one year40/41€178k€203k▲
Trade receivables40€13k€38k▲
Other amounts receivable41€164k€164k=
Cash at bank and in hand54/58€9k€24k▲
Deferred charges and accrued income490/1€17k€14k▼
Equity and liabilities
Total equity and liabilities10/49€4.04M€3.79M▼
Equity10/15€-940k€-1.29M▼
Contributions10/11€68k€68k=
Revaluation surpluses12€1.17M€1.17M=
Reserves13€377k€377k=
Distributable reserves133€377k€377k=
Profit (loss) carried forward14€-2.55M€-2.91M▼
Investment grants15€312-
Provisions and deferred taxes16€26k-
Deferred taxes168€26k-
Amounts payable17/49€4.96M€5.09M▲
Amounts payable after more than one year17€4.46M€4.55M▲
Financial debts170/4€4.35M€4.45M▲
Trade debts175€103k€103k=
Other amounts payable178/9€120€120=
Amounts payable within one year42/48€179k€148k▼
Current portion of amounts payable after more than one year42€113k€118k▲
Trade debts44€58k€12k▼
Suppliers440/4€58k€12k▼
Taxes, remuneration and social security45€8k€17k▲
Taxes450/3€3€4k▲
Remuneration and social security454/9€8k€14k▲
Accrued charges and deferred income492/3€321k€389k▲
Income statement
Code20242025
Remuneration, social security and pensions62€58k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€294k€295k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-27k
Other operating charges640/8€134k€177k▲
Gross operating margin9900€407k€287k▼
Operating profit (loss)9901€-78k€-221k▼
Financial income75/76B€10k€407▼
Recurring financial income75€10k€407▼
Financial charges65/66B€120k€159k▲
Recurring financial charges65€120k€159k▲
Profit (loss) for the period before taxes9903€-188k€-380k▼
Transfer from deferred taxes780€3k€26k▲
Income taxes67/77€365€378▲
Profit (loss) for the period9904€-185k€-354k▼
Profit (loss) for the period to be appropriated9905€-185k€-354k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.55M€-2.91M▼
Profit (loss) brought forward from the previous period14P€-2.37M€-2.55M▼
The notes to these accounts (16 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
28-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-354k
Net result drops to €-354k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 44 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Ukkel · 1 establishment unit since 1989
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.
Eikenboslaan 1751180 UkkelGround area
324 m²
Building footprint
235 m²
Volume, LiDAR
2,329 m³
2 parcels, Brussels · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CERBUX INVEST
since 19892.042.951.543
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/00A011 | Brussels | 260 m² | 1 · 170 m² | 15.5 m · 3 fl. |
| 21805E0443/00V000indicative | Brussels | 64 m² | 1 · 64 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MAALISIMMO
BE 0675.467.913
Lendelede · Eq €184k
A. ET R. IMMOBILIERE
BE 0465.756.683
Verviers · Eq €181k
IMMO TOUBKAL
BE 0566.974.007
Sint-Jans-Molenbeek · Eq €186k
SYNDIC SOLUTIONS
BE 0561.822.119
Bredene · Eq €180k
Immo Yes
BE 0831.698.487
Beveren-Kruibeke-Zwijndrecht · Eq €188k
Of 3,766 companies in sector 68321 we hold annual accounts for 1,391. 1,003 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-1989
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.