CIDEC
ActiveSummary
CIDEC has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €209,776. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 31% of 5,778 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €1.6m
- Profit
- €209,776
- Parent
- Hunter Douglas Belgium · 99.93%
- Frederikus HassingDirector
- Hunter Douglas Belgium NVDirector · permanent representative Luc Janvier
Why 93raises riskLiquidity: current ratio 0.04, cash €250,000Equity €1.6m (18.6% of total assets)lowers riskSize: total assets €8.7mFigures for financial year 2025 (filed 24-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 38% on solvency, 10% on liquidity, 53% on profitability and 77% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Permanent representatives: Leen Defoer and Luc…Appointment: EY Bedrijfsrevisoren BV (statutory…
- Annual accounts filedfinancial year 2025 · full…
- Reappointment: Hunter Douglas Belgium NV (director)Permanent representative: Luc Janvier
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97.4% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €0.8m | €0.8m | €0.9m | €1.3m | €1.3m | = |
| Other operating income74 | - | - | €0.8m | €0.8m | €0.9m | €1.3m | €1.3m | = |
| Operating charges60/66A | - | - | €0.3m | €0.4m | €0.4m | €0.7m | €0.7m | ▲ 1.6% |
| Services and other goods61 | - | - | €0.04m | €0.07m | €0.04m | €0.03m | €0.02m | ▼ 33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | ▼ 0.4% |
| Other operating charges640/8 | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 17.1% |
| Operating profit (loss)9901 | €0.9m | €0.4m | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 1.8% |
| Recurring financial income75 | €0.004m | €0.003m | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €0.02m | €0.05m | €0.3m | €0.4m | €0.3m | ▼ 30.5% |
| Recurring financial charges65 | €0.06m | €0.02m | €0.02m | €0.05m | €0.3m | €0.4m | €0.3m | ▼ 30.5% |
| Debt charges650 | €0.03m | - | €0.02m | €0.05m | €0.3m | €0.4m | €0.3m | ▼ 30.6% |
| Other financial charges652/9 | - | - | €458 | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €0.8m | €0.4m | €0.4m | €0.4m | €0.2m | €0.2m | €0.3m | ▲ 62.8% |
| Income taxes67/77 | €0.3m | €0.08m | €0.1m | €0.1m | €0.07m | €0.06m | €0.09m | ▲ 50.2% |
| Taxes670/3 | - | - | €0.1m | €0.1m | €0.07m | €0.06m | €0.09m | ▲ 50.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €245 | - | - | - | - |
| Profit (loss) for the period9904 | €0.6m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | €0.2m | ▲ 68.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.1m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €0.3m | €0.3m | €0.4m | €0.1m | €0.1m | €0.2m | ▲ 68.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.7m | €2.8m | €2.5m | €6.1m | €9.0m | €8.8m | €8.7m | ▼ 0.7% |
| Fixed assets21/28 | €2.6m | €2.6m | €2.5m | €5.9m | €8.7m | €8.5m | €8.4m | ▼ 0.5% |
| Tangible fixed assets22/27 | €2.6m | €2.6m | €2.5m | €5.9m | €8.7m | €8.5m | €8.4m | ▼ 0.5% |
| Land and buildings22 | - | - | €2.1m | €2.0m | €8.5m | €8.3m | €8.4m | ▲ 0.4% |
| Plant, machinery and equipment23 | - | - | €0.4m | €0.3m | €0.2m | €0.1m | €0.07m | ▼ 52.7% |
| Furniture and vehicles24 | - | - | €0.001m | €166 | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €3.6m | - | - | - | - |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Other financial fixed assets284/8 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Amounts receivable and cash guarantees285/8 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Current assets29/58 | €0.1m | €0.1m | €0.006m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 4.6% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.006m | €0.007m | €0.01m | €0.03m | €0.02m | ▼ 42.8% |
| Trade receivables40 | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.004m | ▲ 5.9% |
| Other amounts receivable41 | - | - | €0.002m | €0.004m | €0.01m | €0.03m | €0.01m | ▼ 49.0% |
| Cash at bank and in hand54/58 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.7m | €2.8m | €2.5m | €6.1m | €9.0m | €8.8m | €8.7m | ▼ 0.7% |
| Equity10/15 | €1.1m | €0.6m | €0.9m | €1.1m | €1.3m | €1.4m | €1.6m | ▲ 14.8% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | €0.1m | - | - | - | - | - |
| Distributable reserves133 | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €0.6m | €0.002m | €0.3m | €0.6m | €0.7m | €0.9m | €1.1m | ▲ 24.3% |
| Amounts payable17/49 | €1.6m | €2.2m | €1.6m | €5.0m | €7.7m | €7.4m | €7.1m | ▼ 3.7% |
| Amounts payable after more than one year17 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Other amounts payable178/9 | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Amounts payable within one year42/48 | €1.6m | €2.2m | €1.6m | €5.0m | €7.7m | €7.2m | €7.0m | ▼ 3.9% |
| Trade debts44 | €0.04m | €0.04m | €0.005m | €0.6m | €0.05m | €0.02m | €0.001m | ▼ 95.9% |
| Suppliers440/4 | - | - | €0.005m | €0.6m | €0.05m | €0.02m | €0.001m | ▼ 95.9% |
| Taxes, remuneration and social security45 | - | - | €0.02m | €0.003m | €0.006m | €0.01m | €0.03m | ▲ 166% |
| Taxes450/3 | - | - | €0.02m | €0.003m | €0.006m | €0.01m | €0.03m | ▲ 166% |
| Other amounts payable47/48 | - | - | €1.6m | €4.4m | €7.6m | €7.2m | €6.9m | ▼ 3.9% |
| Accrued charges and deferred income492/3 | - | - | €0.002m | €0.01m | €0.04m | €0.1m | €0.1m | ▲ 9.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | €0.2m | ▲ 68.6% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | ▼ 0.4% |
| Operating cash flow (approximation) | €0.8m | €0.5m | €0.5m | €0.5m | €0.4m | €0.6m | €0.7m | ▲ 13.0% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.02m | -€3.6m | -€3.1m | -€0.3m | -€0.5m | ▼ 74.0% |
| Change in cash | - | - | - | - | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 24-07-2026 | 2026-00338210 |
| 31-12-2024 | full format | 29-06-2025 | 2025-00200026 |
| 31-12-2023 | full format | 24-06-2024 | 2024-00159712 |
| 31-12-2022 | full format | 21-06-2023 | 2023-00143660 |
| 31-12-2021 | full format | 17-06-2022 | 2022-20074826 |
| 31-12-2020 | full format | 25-06-2021 | 2021-25400503 |
| 31-12-2019 | full format | 17-08-2020 | 2020-41300596 |
| 30-06-2018 | full format | 04-01-2019 | 2019-00100284 |
| 30-06-2017 | full format | 28-02-2018 | 2018-05700542 |
| 30-06-2016 | full format | 27-02-2018 | 2018-05500295 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Frederikus Hassing |
|
| Hunter Douglas Belgium NV |
|
| EY Bedrijfsrevisoren BV |
|
| Cormelis van Leeuwen |
|
Owners and capital
Owners
3 ownersChain of control
- HUNTER DOUGLAS HOLDINGS ltd.GB
- Hunter Douglas Belgium
- CIDEC
Highest known parent: HUNTER DOUGLAS HOLDINGS ltd. (United Kingdom). The sources do not say who stands above it.
Owners 3
-
99.93%
- HUNTER DOUGLAS HOLDINGS ltd.GBconsolidating parentconsolidates
- Buismetaal III BVNLSourceown accounts 20250.07%
According to the 2025 annual accounts of CIDEC and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 12-12-2023 Capital stated in the deed · €62,500 · 1,502 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
29-09
Gazette deed
Permanent representatives: Leen Defoer and Luc JanvierAppointment: EY Bedrijfsrevisoren BV (statutory auditor)3 facts ▸
- Permanent representative, Leen Defoer
- Auditor appointment, EY Bedrijfsrevisoren BV
- Permanent representative, Luc Janvier
14-11
Gazette deed
Reappointment: Hunter Douglas Belgium NV (director)Permanent representative: Luc Janvier4 facts ▸
- Director reappointment, Hunter Douglas Belgium NV (director)
- Permanent representative, Luc Janvier (director)
- General meeting, 02/06/25
- Other provision, “naam en handtekening laatste bladzijde, Mededelingen” (deed in Dutch)
25-09
Gazette deed
Resignation: Cormelis van Leeuwen (director)Appointment: Frederikus Hassing (director) · Permanent representative: Luc Janvier4 facts ▸
- General meeting, “jaarlijkse algemene vergadering, zetel van de vennootschap” (deed in Dutch)
- Director resignation, Cormelis van Leeuwen (director)
- Director appointment, Frederikus Hassing (director)
- Permanent representative, Luc Janvier
12-12
Gazette deed
Appointment: Ernst en Young Bedrijfsrevisoren (statutory auditor)Amendment of the articles · Legal form clause · Capital7 facts ▸
- General meeting, 17-11-2023
- Amendment of the articles (2 times)
- Legal form clause, “Naamloze vennootschap, NV” (deed in Dutch)
- Capital, €62,500
- General meeting, 01-06-2023
- Auditor appointment, Ernst en Young Bedrijfsrevisoren (statutory auditor)
- Power of attorney
Show earlier events
About the unread acts
Of the 16 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34004B0514/00B000 | Flanders | 4.5 ha | 1 · 8,862 m² | 9.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen die rechtstreeks betrekking hebben op het oordeelkundig beheer en uitbreiding van een roerend en onroerend patrimonium…” (deed in Dutch)
3 activities (deed in Dutch)
- Alle verrichtingen die rechtstreeks betrekking hebben op het oordeelkundig beheer en uitbreiding van een roerend en onroerend patrimonium. De vennootschap zal binnen het kader van het voorwerp mogen overgaan tot aankopen, opschikken, uitrusten, in opstal nemen of in opstal geven, valoriseren en bouwen van onroerende goederen, al dan niet gemeubeld.
- Het beheer van vennootschappen ongeacht hun voorwerp, het optreden als vereffenaar.
- Het beleggen van beschikbare middelen in roerende en onroerende goederen en waarden; het verwerven, te gelde maken, inbrengen, afstaan en verhandelen door uitgiften of obligaties, van participaties of belangen onder gelijk welke vorm in Belgische of buitenlandse vennootschappen, bestaande of op te richten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CIDEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- A managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 1 June at 15:00