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Confidex

Active
Public limited companyfounded 197155 yrs activeBloemenlaan 8, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0408.287.153
Summary

Confidex has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €642,043 and a net result of €26,985. Equity is shrinking by ~8.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability47=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 19.86 against 19.07 in 2023; short-term debt: 5% and cash: 0% of total assets), and 5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 55 years 0 60 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
95%
Return on assets
4%
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
47 d early
2022
62 d early
2021
47 d early
2020
43 d early
2019
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 40 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 May 1971, Confidex was incorporated.1 Total assets went from EUR 994,683 in 2018 to EUR 676,091 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€642,043▲ 4.4%
2023 · €615,058
Total assets
€676,091▲ 4.2%
2023 · €649,122
Net result
€26,985▲ 7.5%
2023 · €25,104
Working capital
€642,043▲ 4.4%
2023 · €615,076
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€83▼ 98.5%-€2,498-€1,809▲ 27.6%-€2,021▼ 11.7%-€2,026▼ 0.2%
Net result-€79,766€30,217€30,343▲ 0.4%€25,104▼ 17.3%€26,985▲ 7.5%
Equity€708,130▼ 35.8%€559,611▼ 21.0%€589,954▲ 5.4%€615,058▲ 4.3%€642,043▲ 4.4%
Total assets€743,356▼ 32.7%€594,463▼ 20.0%€624,371▲ 5.0%€649,122▲ 4.0%€676,091▲ 4.2%
Debt€35,226▲ 1,414%€34,852▼ 1.1%€34,417▼ 1.2%€34,064▼ 1.0%€34,048=
Working capital€708,569▼ 35.8%€559,713▼ 21.0%€589,970▲ 5.4%€615,076▲ 4.3%€642,043▲ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2020: €83€83Net result 2020: -€79,766-€79,766Operating result 2021: -€2,498-€2,498Net result 2021: €30,217€30,217Operating result 2022: -€1,809-€1,809Net result 2022: €30,343€30,343Operating result 2023: -€2,021-€2,021Net result 2023: €25,104€25,104Operating result 2024: -€2,026-€2,026Net result 2024: €26,985€26,98520202021202220232024-€10,000€0€10,000€20,000€30,000Operating result 2022: -€1,809-€1,810Net result 2022: €30,343€30,300Operating result 2023: -€2,021-€2,020Net result 2023: €25,104€25,100Operating result 2024: -€2,026-€2,030Net result 2024: €26,985€27,000202220232024
The operating result stays negative: a loss of €2,026 in 2024 against €2,021 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €676,091
Equity €642,043 ▲ 4.4%
Debt €34,048 =
Debt's share of the balance-sheet total falls from 5.2% to 5.0%. Equity is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
19.86▲
2023 · 19.07
Debt to equity
0.05▼
2023 · 0.06
ROE
4.2%▲
2023 · 4.1%
ROA
4.0%▲
2023 · 3.9%
Debt ≤ 1 year
€34,048=
2023 · €34,046
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,684 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€649,122€676,091▲
Current assets29/58€649,122€676,091▲
Amounts receivable within one year40/41€649,061€676,049▲
Other amounts receivable41€649,061€676,049▲
Current investments50/53€3€3=
Cash at bank and in hand54/58€58€39▼
Equity and liabilities
Total equity and liabilities10/49€649,122€676,091▲
Equity10/15€615,058€642,043▲
Contributions10/11€70,000€70,000=
Capital10€70,000€70,000=
Issued capital100€70,000€70,000=
Reserves13€7,000€7,000=
Non-distributable reserves130/1€7,000€7,000=
Legal reserve130€7,000€7,000=
Profit (loss) carried forward14€538,058€565,043▲
Amounts payable17/49€34,064€34,048=
Amounts payable within one year42/48€34,046€34,048=
Trade debts44€1,637€1,639▲
Suppliers440/4€1,637€1,639▲
Other amounts payable47/48€32,409€32,409=
Accrued charges and deferred income492/3€18-
Income statement Code20232024
Other operating charges640/8€384€387▲
Gross operating margin9900-€1,637-€1,639▼
Operating profit (loss)9901-€2,021-€2,026▼
Financial income75/76B€27,200€29,068▲
Recurring financial income75€27,200€29,068▲
Financial charges65/66B€75€57▼
Recurring financial charges65€75€57▼
Profit (loss) for the period before taxes9903€25,104€26,985▲
Profit (loss) for the period9904€25,104€26,985▲
Profit (loss) for the period to be appropriated9905€25,104€26,985▲
Appropriation of the result
Profit (loss) to be appropriated9906€538,058€565,043▲
Profit (loss) brought forward from the previous period14P€512,954€538,058▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€868€355€384€387▲ 0.8%
Gross operating margin9900€951-€1,630-€1,454-€1,637-€1,639▼ 0.1%
Operating profit (loss)9901€83-€2,498-€1,809-€2,021-€2,026▼ 0.2%
Financial income75/76B-€35,644€32,234€27,200€29,068▲ 6.9%
Recurring financial income75€14,979€18,795€32,234€27,200€29,068▲ 6.9%
Non-recurring financial income76B-€16,849----
Financial charges65/66B-€2,929€82€75€57▼ 24.0%
Recurring financial charges65€512€2,929€82€75€57▼ 24.0%
Profit (loss) for the period before taxes9903-€79,766€30,217€30,343€25,104€26,985▲ 7.5%
Profit (loss) for the period9904-€79,766€30,217€30,343€25,104€26,985▲ 7.5%
Profit (loss) for the period to be appropriated9905-€79,766€30,217€30,343€25,104€26,985▲ 7.5%
Line20202021202220232024Change
Assets
Total assets20/58€743,356€594,463€624,371€649,122€676,091▲ 4.2%
Current assets29/58€743,356€594,463€624,371€649,122€676,091▲ 4.2%
Amounts receivable within one year40/41€365,505€593,516€624,198€649,061€676,049▲ 4.2%
Trade receivables40--€487---
Other amounts receivable41-€593,516€623,711€649,061€676,049▲ 4.2%
Current investments50/53€325,783€3€3€3€3=
Cash at bank and in hand54/58€52,068€944€170€58€39▼ 32.8%
Equity and liabilities
Total equity and liabilities10/49€743,356€594,463€624,371€649,122€676,091▲ 4.2%
Equity10/15€708,130€559,611€589,954€615,058€642,043▲ 4.4%
Contributions10/11€70,000€70,000€70,000€70,000€70,000=
Capital10-€70,000€70,000€70,000€70,000=
Issued capital100-€70,000€70,000€70,000€70,000=
Reserves13€7,000€7,000€7,000€7,000€7,000=
Non-distributable reserves130/1-€7,000€7,000€7,000€7,000=
Legal reserve130-€7,000€7,000€7,000€7,000=
Profit (loss) carried forward14€631,130€482,611€512,954€538,058€565,043▲ 5.0%
Amounts payable17/49€35,226€34,852€34,417€34,064€34,048=
Amounts payable within one year42/48€34,787€34,750€34,401€34,046€34,048=
Trade debts44€1,667€1,630€1,992€1,637€1,639▲ 0.1%
Suppliers440/4-€1,630€1,992€1,637€1,639▲ 0.1%
Other amounts payable47/48-€33,120€32,409€32,409€32,409=
Accrued charges and deferred income492/3-€102€16€18--
Line20202021202220232024Change
Profit (loss) for the period9904-€79,766€30,217€30,343€25,104€26,985▲ 7.5%
Operating cash flow (approximation)-€79,766€30,217€30,343€25,104€26,985▲ 7.5%
Change in cash--€51,124-€774-€112-€19▲ 83.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €30,217
Net result €30,217 after one loss-making year.
18-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €110,349
Net result €110,349 after one loss-making year.
31-12
Financial Equity above €1mEq €1.1m ▲11.1%
Equity rises from €992,247 to €1.1m.
08-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
14-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Sint-Pieters-Woluwe · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
1,900 m²
Building footprint
202 m²
Volume, LiDAR
1,766 m³
Parcel 21682C0023/00H003, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
CONFIDEX
Bloemenlaan 8, 1150 Sint-Pieters-WoluweNACE 7020302
since 19922.006.244.070
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21682C0023/00H003 Brussels 1,900 m² 1 · 202 m² 12.0 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. SOCOFEDI SECURITIES 100%
  2. Confidex

Highest known parent: SOCOFEDI SECURITIES. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

875500NS7ZNGLKR9J393
no longer live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded10-05-1971
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.