CYDEL
ActiveSummary
CYDEL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€45,408) and a net result of -€43,851. Equity is shrinking by ~159.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 8091 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 8091 sector peers (2025).
NBB · sector comparisonPosition among 8091 sector peers
Solvency
better than 7%
← weakest
strongest →
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 29-10-2025, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
29 d early
2023
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 October (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€45,408▼ 2,816%
2024 · -€1,557
Net result
-€43,851▼ 96.6%
2024 · -€22,305
Total assets
€690,827▲ 1,615%
2024 · €40,289
Solvency
-6.6%▼ 2.7pp
2024 · -3.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€17,449--€21,032-€20,716▲ 1.5%
Net result€12,748within the sector's middle half--€22,305below the sector's middle half-€43,851below the sector's middle half▼ 96.6%
Equity€20,748below the sector's middle half--€1,557below the sector's middle half-€45,408below the sector's middle half▼ 2,816%
Total assets€72,309below the sector's middle half-€40,289below the sector's middle half▼ 44.3%€690,827within the sector's middle half▲ 1,615%
Debt€51,562-€41,846▼ 18.8%€736,235▲ 1,659%
Working capital€6,406within the sector's middle half--€15,024within the sector's middle half-€47,549below the sector's middle half▼ 216%
Solvency28.7%within the sector's middle half--3.9%below the sector's middle half▼ 32.6pp-6.6%below the sector's middle half▼ 2.7pp
Current ratio1.23within the sector's middle half-0.46below the sector's middle half▼ 0.770.27below the sector's middle half▼ 0.19
Return on assets (ROA)17.6%within the sector's middle half--55.4%below the sector's middle half▼ 73.0pp-6.3%below the sector's middle half▲ 49.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,716 in 2025 against €21,032 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €690,827
Fixed assets
€673,444 ▲ 2,354%
Current assets
€17,383 ▲ 35.4%
Key figures and ratios
Debt ≤ 1 year
€64,932▲
2024 · €27,867
Debt > 1 year
€659,504▲
2024 · €13,980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,868 | €12,161 | €22,696 | ▲ 86.6% |
| Other operating charges640/8 | €312 | €923 | €713 | ▼ 22.8% |
| Gross operating margin9900 | €26,630 | -€7,948 | €2,693 | ▲ 134% |
| Operating profit (loss)9901 | €17,449 | -€21,032 | -€20,716 | ▲ 1.5% |
| Financial income75/76B | - | - | €691 | - |
| Recurring financial income75 | - | - | €691 | - |
| Financial charges65/66B | €1,272 | €1,273 | €23,826 | ▲ 1,772% |
| Recurring financial charges65 | €1,272 | €1,273 | €23,826 | ▲ 1,772% |
| Profit (loss) for the period before taxes9903 | €16,178 | -€22,305 | -€43,851 | ▼ 96.6% |
| Income taxes67/77 | €3,430 | - | - | - |
| Profit (loss) for the period9904 | €12,748 | -€22,305 | -€43,851 | ▼ 96.6% |
| Profit (loss) for the period to be appropriated9905 | €12,748 | -€22,305 | -€43,851 | ▼ 96.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €72,309 | €40,289 | €690,827 | ▲ 1,615% |
| Fixed assets21/28 | €38,374 | €27,446 | €673,444 | ▲ 2,354% |
| Tangible fixed assets22/27 | €38,374 | €27,446 | €673,444 | ▲ 2,354% |
| Land and buildings22 | - | - | €655,155 | - |
| Plant, machinery and equipment23 | €763 | €1,440 | €3,886 | ▲ 170% |
| Furniture and vehicles24 | €37,611 | €26,007 | €14,402 | ▼ 44.6% |
| Current assets29/58 | €33,936 | €12,843 | €17,383 | ▲ 35.4% |
| Amounts receivable within one year40/41 | €9,581 | €7,470 | €8,487 | ▲ 13.6% |
| Trade receivables40 | €7,470 | €7,470 | €7,470 | = |
| Other amounts receivable41 | €2,111 | - | €1,017 | - |
| Cash at bank and in hand54/58 | €23,584 | €3,858 | €8,896 | ▲ 131% |
| Deferred charges and accrued income490/1 | €770 | €1,515 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €72,309 | €40,289 | €690,827 | ▲ 1,615% |
| Equity10/15 | €20,748 | -€1,557 | -€45,408 | ▼ 2,816% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €12,748 | €12,748 | €0 | ▼ 100% |
| Distributable reserves133 | €12,748 | €12,748 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | -€22,305 | -€53,408 | ▼ 139% |
| Amounts payable17/49 | €51,562 | €41,846 | €736,235 | ▲ 1,659% |
| Amounts payable after more than one year17 | €24,032 | €13,980 | €659,504 | ▲ 4,618% |
| Financial debts170/4 | €24,032 | €13,980 | €659,504 | ▲ 4,618% |
| Amounts payable within one year42/48 | €27,530 | €27,867 | €64,932 | ▲ 133% |
| Current portion of amounts payable after more than one year42 | €9,694 | €10,052 | €29,338 | ▲ 192% |
| Trade debts44 | €1,392 | €3,758 | €1,083 | ▼ 71.2% |
| Suppliers440/4 | €1,392 | €3,758 | €1,083 | ▼ 71.2% |
| Taxes, remuneration and social security45 | €9,543 | €7,737 | €2,526 | ▼ 67.3% |
| Taxes450/3 | €5,143 | €737 | €2,526 | ▲ 243% |
| Remuneration and social security454/9 | €4,400 | €7,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | €6,901 | €6,319 | €31,985 | ▲ 406% |
| Accrued charges and deferred income492/3 | - | - | €11,798 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,748 | -€22,305 | -€43,851 | ▼ 96.6% |
| + Depreciation and write-downs630 | €8,868 | €12,161 | €22,696 | ▲ 86.6% |
| Operating cash flow (approximation) | €21,616 | -€10,143 | -€21,155 | ▼ 109% |
| Investment in fixed assets (approximation) | - | -€1,234 | -€668,693 | ▼ 54,096% |
| Change in cash | - | -€19,727 | €5,038 | ▲ 126% |
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
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€43,851
Net result drops to -€43,851, the lowest in the series.
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Maaseik · 1 establishment unit since 2021
Ground area
1.2 ha
Building footprint
1,634 m²
Volume, LiDAR
9,325 m³
Parcel 72021C0909/00W000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CYDEL
since 20212.320.089.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021C0909/00W000 | Flanders | 1.2 ha | 1 · 1,634 m² | 8.1 m · 2 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 7,521 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-07-2021
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771289659
Also
9925:BE0771289659
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.