CYBRA
ActiveSummary
CYBRA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.24M and a net result of €73k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-14
Solvency88▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 4.0 against 7.15 in 2023; short-term debt: 6.3% and cash: 0.7% of total assets), and 36.9% 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
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
63.1%
Return on assets
3.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d late
2023
96 d late
2022
59 d late
2021
10 d early
2020
54 d early
2019
175 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.24M▲ 6.3%
2023 · €1.16M
Total assets
€1.96M▲ 0.4%
2023 · €1.95M
Net result
€73k▼ 74.9%
2023 · €289k
Working capital
€372k▼ 34.2%
2023 · €565k
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€24k▼ 75.8%€430k▲ 1,681%€-110k€529k€80k▼ 84.8%
Net result€-28k€175k€26k▼ 85.1%€289k▲ 1,010%€73k▼ 74.9%
Equity€2.16M▲ 3,485%€1.54M▼ 29.0%€1.30M▼ 15.7%€1.16M▼ 10.2%€1.24M▲ 6.3%
Total assets€3.86M▲ 84.3%€2.78M▼ 28.0%€2.08M▼ 25.0%€1.95M▼ 6.4%€1.96M▲ 0.4%
Debt€1.69M▼ 16.7%€1.24M▼ 26.7%€520k▼ 58.1%€519k▼ 0.2%€454k▼ 12.4%
Working capital€-14k▲ 72.3%€875k€807k▼ 7.8%€565k▼ 29.9%€372k▼ 34.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 85% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.96M
Fixed assets
€1.46M ▲ 13.1%
Current assets
€496k ▼ 24.5%
Equity and liabilities €1.96M
Equity
€1.24M ▲ 6.3%
Provisions
€267k =
Debt
€454k ▼ 12.4%
Debt's share of the balance-sheet total falls from 26.6% to 23.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138k▼
2023 · €578k
Cash flow
€130k▼
2023 · €339k
Current ratio
4.00▼
2023 · 7.15
Debt to equity
0.37▼
2023 · 0.45
ROE
5.9%▼
2023 · 24.9%
ROA
3.7%▼
2023 · 14.9%
Interest coverage
19.35▼
2023 · 87.84
Debt ≤ 1 year
€124k▲
2023 · €92k
Debt > 1 year
€330k▼
2023 · €427k
Income taxes
€257▼
2023 · €288k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82k | €36k | €44k | €49k | €57k | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €37k | - |
| Other operating charges640/8 | - | €1.46M | €67k | €15k | €7k | ▼ 56.5% |
| Non-recurring operating charges66A | - | - | €4k | €3k | - | - |
| Gross operating margin9900 | €115k | €1.93M | €4k | €596k | €181k | ▼ 69.6% |
| Operating profit (loss)9901 | €24k | €430k | €-110k | €529k | €80k | ▼ 84.8% |
| Financial income75/76B | - | - | €20k | €55k | €1 | ▼ 100.0% |
| Recurring financial income75 | - | - | €20k | €55k | €1 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | €20k | - | - | - |
| Financial charges65/66B | - | €27k | €14k | €7k | €7k | ▲ 8.0% |
| Recurring financial charges65 | €50k | €27k | €14k | €7k | €7k | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €-26k | €403k | €-105k | €577k | €73k | ▼ 87.3% |
| Income taxes67/77 | €2k | €228k | €-131k | €288k | €257 | ▼ 99.9% |
| Profit (loss) for the period9904 | €-28k | €175k | €26k | €289k | €73k | ▼ 74.9% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €175k | €26k | €289k | €73k | ▼ 74.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.86M | €2.78M | €2.08M | €1.95M | €1.96M | ▲ 0.4% |
| Fixed assets21/28 | €3.44M | €1.18M | €1.21M | €1.29M | €1.46M | ▲ 13.1% |
| Tangible fixed assets22/27 | €3.44M | €1.18M | €1.21M | €1.29M | €1.46M | ▲ 13.1% |
| Land and buildings22 | - | €1.17M | €1.14M | €1.21M | €1.19M | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €3k | €13k | €9k | €107k | ▲ 1,094% |
| Furniture and vehicles24 | - | €3k | €56k | €68k | €167k | ▲ 144% |
| Current assets29/58 | €415k | €1.60M | €874k | €657k | €496k | ▼ 24.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €386k | - |
| Other amounts receivable291 | - | - | - | - | €386k | - |
| Amounts receivable within one year40/41 | €397k | €1.59M | €864k | €624k | €84k | ▼ 86.6% |
| Trade receivables40 | - | €1.50M | €58k | - | - | - |
| Other amounts receivable41 | - | €91k | €806k | €624k | €84k | ▼ 86.6% |
| Cash at bank and in hand54/58 | €14k | €7k | €9k | €27k | €13k | ▼ 52.3% |
| Deferred charges and accrued income490/1 | - | €4k | €834 | €6k | €14k | ▲ 120% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.86M | €2.78M | €2.08M | €1.95M | €1.96M | ▲ 0.4% |
| Equity10/15 | €2.16M | €1.54M | €1.30M | €1.16M | €1.24M | ▲ 6.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | - | - | - |
| Issued capital100 | - | €62k | €62k | - | - | - |
| Revaluation surpluses12 | - | €1.33M | €1.33M | €907k | €907k | = |
| Reserves13 | €95k | €95k | €897k | €897k | €897k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €6k | €6k | = |
| Tax-exempt reserves132 | - | €33k | €834k | €834k | €834k | = |
| Distributable reserves133 | - | €56k | €56k | €56k | €56k | = |
| Profit (loss) carried forward14 | €-125k | €50k | €-992k | €-703k | €-630k | ▲ 10.4% |
| Provisions and deferred taxes16 | - | - | €267k | €267k | €267k | = |
| Deferred taxes168 | - | - | €267k | €267k | €267k | = |
| Amounts payable17/49 | €1.69M | €1.24M | €520k | €519k | €454k | ▼ 12.4% |
| Amounts payable after more than one year17 | €1.26M | €515k | €453k | €427k | €330k | ▼ 22.6% |
| Financial debts170/4 | - | €515k | €453k | €427k | €330k | ▼ 22.6% |
| Amounts payable within one year42/48 | €429k | €727k | €67k | €92k | €124k | ▲ 34.9% |
| Current portion of amounts payable after more than one year42 | - | €711k | €52k | €26k | €77k | ▲ 197% |
| Trade debts44 | €21k | €12k | €15k | €66k | €47k | ▼ 28.6% |
| Suppliers440/4 | - | €12k | €15k | €66k | €47k | ▼ 28.6% |
| Taxes, remuneration and social security45 | - | €4k | - | - | €256 | - |
| Taxes450/3 | - | €4k | - | - | €256 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €175k | €26k | €289k | €73k | ▼ 74.9% |
| + Depreciation and write-downs630 | €82k | €36k | €44k | €49k | €57k | ▲ 16.6% |
| Operating cash flow (approximation) | €54k | €212k | €70k | €339k | €130k | ▼ 61.6% |
| Investment in fixed assets (approximation) | - | €2.23M | €-76k | €-133k | €-227k | ▼ 70.9% |
| Change in cash | - | €-8k | €2k | €18k | €-14k | ▼ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
18-09
State Gazette act
Incorporation · Statutes amendmentReappointment: FANOK Ludmila (director) · Appointment: FANOK Ludmila (director) · Capital conversion11 facts ▸
State Gazette act
Incorporation · Statutes amendment
Reappointment: FANOK Ludmila (director) · Appointment: FANOK Ludmila (director) · Capital conversion11 facts ▸
- Incorporation, 22-01-1996
- Statutes amendment
- Capital conversion, pas d'apport ni d'incorporation de réserves, 62.000,00
- Capital, €61.973,38
- Director reappointment, FANOK Ludmila (director)
- Declaration, absence de décision, interdiction ou condamnation empêchant l'exercice de la fonction d'administrateur
- Director appointment, FANOK Ludmila (director)
- Board composition, FANOK Ludmila (sole director)
- Statutes amendment
- Registered office clause, 1050 IXELLES, rue de Livourne, 81
- Power of attorney
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Highest result since 2018net €289k ▲1,010%
Operating result €529k, net result €289k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Liquidity times 6current ratio 13.02
Current ratio from 2.20 to 13.02; short-term debt falls from €727k to €67k.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €175k
Net result €175k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.20
Current ratio from 0.97 to 2.20.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €2MEq €2.16M ▲3,485%
Equity rises from €60k to €2.16M.
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 100 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
FANOK Ludmila
CurrentDirector · since 10-04-2020
13-08-2026
Mandate renewed as Director
10-04-2020
Appointed as Director
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2009
Ground area
1,209 m²
Building footprint
264 m²
Volume, LiDAR
2,547 m³
2 parcels, Brussels, Wallonia · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Chaussée de Tervuren 109, 1410 Waterloo
since 20092.248.322.022
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0684/00A000 | Wallonia | 1,092 m² | 1 · 147 m² | 9.1 m · 2 fl. |
| 21447A0324/00D004 | Brussels | 117 m² | 1 · 117 m² | 19.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Articles of association
Who signs
Two directors jointly, or a managing director alone
Annual meeting
Last Friday of June
Duration
Unlimited
Purpose
La constitution et la gestion d'un patrimoine mobilier et immobilier, ainsi que toutes activités qui se rapportent directement ou indirectement à la gestion de ce patrimoine; La…
Full purpose (4 activities)
- La constitution et la gestion d'un patrimoine mobilier et immobilier, ainsi que toutes activités qui se rapportent directement ou indirectement à la gestion de ce patrimoine
- La construction, la rénovation, l'aménagement et la décoration d'immeuble
- Toutes les opérations commerciales et industrielles, financières et civiles, mobilières et immobilières, en relation quelconque avec son objet et pouvant en faciliter la réalisation
- S'intéresser par voie d'association, d'apport ou de fusion, de souscription, de participation, d'intervention financières ou autrement, dans toutes les sociétés ou entreprises existantes ou à créer, dont l'objet serait analogue ou connexe au sien, ou qui seraient susceptibles de constituer pour elle une source d'approvisionnement ou une possibilité de débouchés
Other provisions of the articles (73)
- Legal form clause: CYBRA
- Registered office clause: Région de Bruxelles-Capitale, sièges administratifs, agences, ateliers, dépôts et succursales en Belgique et à l'étranger par simple décision de l'organe d'admi…
- Capital: €61.973,38
- Other provision: montants distribués reviennent au nu-propriétaire, à la charge pour celui-ci de les placer en vue de l'exercice de l'usufruit par l'usufruitier, sauf convention…
- Share issue rule
- Other statement (9)
- Other statement: totalité du montant représenté par leurs actions, appels de fonds - engagement des souscripteurs
- Other statement: appels de fonds - décision de l'organe d'administration, traitement égal
- Other statement: solde restant dû et dommages intérêts, déchéance de l'actionnaire
- Other statement: partielles ou totales, libérations anticipées
- Other statement: détermine librement les versements ultérieurs, actions souscrites en espèces et non entièrement libérées
- Other statement: nominatives, nature des actions non entièrement libérées
- Other statement: nominatives ou dématérialisées, nature des actions entièrement libérées
- Other statement: démembrement de l'action en usufruit et nue-propriété, droits respectifs
- Other statement: peut être tenu en la forme électronique, registre des actions
- Other statement: nominatifs ou dématérialisés, nature des autres titres
- Other statement: le titulaire peut à tout moment demander la conversion en titres nominatifs, conversion des titres dématérialisés
- Other statement: démembrement des titres en usufruit et nue-propriété, indication de leurs droits respectifs
- Other statement: peut être tenu en la forme électronique, registre des titres
- Other statement: toute action est indivisible, la société ne reconnaît qu'un seul propriétaire par action
- Other statement: les droits sont exercés par le débiteur-gagiste, décès de l'actionnaire unique
- Transfer restriction: entre vifs ou transmission pour cause de mort, cessions libres
- Transfer restriction: cessions soumises à agrément, nullité
- Transfer restriction: demande d'agrément, sous pli recommandé à l'organe d'administration
- Transfer restriction: organe d'administration, notification du sort de la demande
- Transfer restriction: héritiers et légataires, ne deviendraient pas de plein droit actionnaires
- Transfer restriction: tous les frais de procédure et d'expertise pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs proportionnellement au nombre d'actions a…
- Transfer restriction (2)
- Board rule: composition du conseil d'administration, 3
- Board rule: en cas de parité de voix au scrutin de ballottage, le candidat le plus âgé est élu, six ans au plus
- Board rule (9)
- Board rule: présidence du conseil d'administration, le conseil d'administration élit parmi ses membres un président
- Board rule: convocation du conseil d'administration, par écrit
- Board rule: tout administrateur peut donner mandat à un de ses collègues pour le représenter à une réunion déterminée du conseil d'administration et pour y voter en ses lie…
- Board rule: Le conseil d'administration détermine s'ils agissent seul ou conjointement, Le conseil d'administration fixe les attributions et rémunérations éventuelles pour…
- Board rule: L'administrateur unique détermine s'ils agissent seul ou conjointement, Ils ne doivent pas prouver leurs pouvoirs vis-à-vis des tiers
- Auditor rule
- Meeting notice
- Meeting access: Pour être admis à l'assemblée générale et, pour les actionnaires, pour y exercer le droit de vote, un titulaire de titres doit remplir les conditions suivantes,…
- Meeting access
- Proxy rule
- Meeting access: Avant d'entrer en séance, une liste de présences indiquant le nom des actionnaires, le nombre de leurs titres et, le cas échéant, les procurations est signée pa…
- Voting rule
- Other statement: composition bureau assemblee, président du conseil d'administration
- Other statement: assemblee par procedure ecrite, approbations signées perdront toute force de droit si non parvenues en temps utile
- Other statement: héritiers et légataires régulièrement saisis ou envoyés en possession, proportionnellement à leurs droits dans la succession, jusqu'au jour du partage ou de la…
- Other statement: prorogation assemblee, même ordre du jour
- Other statement: proces verbaux assemblee, registre spécial tenu au siège social
- Other statement: affectation benefices, un-dixième du capital social
- Other statement: paiement dividendes, époque et endroits désignés par le conseil d'administration
- Liquidation rule: designation liquidateurs, organe d'administration en fonction, qui agit le cas échéant en qualité de collège de liquidateurs
- Liquidation rule: toutes les opérations prévues par la loi, pouvoirs liquidateurs
- Liquidation distribution: mode liquidation, biens qui subsistent en nature répartis de la même façon
- Other statement: election domicile, toutes les communications, sommations, assignations et significations peuvent lui être valablement faites
- Other statement: application code societes, dispositions du Code des sociétés et des associations réputées inscrites dans les statuts
- 1 more provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Capital over the years
- 18-09-2026 Capital stated in the act · 61,973.38 EUR
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.