CYDEX IMMO
ActiveSummary
CYDEX IMMO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,000 and a net result of €91,452. Equity is shrinking by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+7
Solvency27▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.1 in 2024; short-term debt: 87.8% and cash: 37.1% of total assets), and 97.8% of the assets are financed with debt.
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Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2025Solvency, return and age of the figures
Solvency
2.2%
Return on assets
9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8763 sector peers (2025).
NBB · sector comparisonPosition among 8763 sector peers
Solvency
better than 10%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
30 d late
2023
29 d late
2022
23 d late
2021
10 d late
2020
1 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€91,452▲ 42.2%
2024 · €64,322
Working capital
-€81,689
2024 · €132,993
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€114,448▲ 181%€56,010▼ 51.1%-€229,745€86,858€141,003▲ 62.3%
Net result€54,262within the sector's middle half▲ 229%€3,486within the sector's middle half▼ 93.6%-€260,235below the sector's middle half€64,322within the sector's middle half€91,452within the sector's middle half▲ 42.2%
Equity€347,993within the sector's middle half▲ 11.4%€351,479within the sector's middle half▲ 1.0%€91,244below the sector's middle half▼ 74.0%€143,567within the sector's middle half▲ 57.3%€22,000below the sector's middle half▼ 84.7%
Total assets€1.3mwithin the sector's middle half▲ 23.1%€1.5mwithin the sector's middle half▲ 14.4%€1.3mwithin the sector's middle half▼ 13.6%€1.7mwithin the sector's middle half▲ 32.2%€1.0mwithin the sector's middle half▼ 40.1%
Debt€954,446▲ 28.0%€1.1m▲ 19.3%€1.2m▲ 5.1%€1.6m▲ 30.2%€998,034▼ 35.9%
Working capital€299,917within the sector's middle half▲ 8.7%€181,371within the sector's middle half▼ 39.5%€66,116within the sector's middle half▼ 63.5%€132,993within the sector's middle half▲ 101%-€81,689below the sector's middle half
Solvency26.7%within the sector's middle half▼ 2.8pp23.6%within the sector's middle half▼ 3.1pp7.1%below the sector's middle half▼ 16.5pp8.4%below the sector's middle half▲ 1.4pp2.2%below the sector's middle half▼ 6.3pp
Current ratio1.37within the sector's middle half▼ 0.091.21within the sector's middle half▼ 0.161.08within the sector's middle half▼ 0.131.10within the sector's middle half▲ 0.030.91within the sector's middle half▼ 0.20
Return on assets (ROA)4.2%within the sector's middle half▲ 2.6pp0.2%within the sector's middle half▼ 3.9pp-20.2%below the sector's middle half▼ 20.4pp3.8%within the sector's middle half▲ 24.0pp9.0%within the sector's middle half▲ 5.2pp
Staff (FTE)9.3within the sector's middle half▲ 29.2%13above the sector's middle half▲ 39.8%13above the sector's middle half=11.5above the sector's middle half▼ 11.5%9above the sector's middle half▼ 21.7%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€206,183 ▼ 29.9%
Current assets
€813,852 ▼ 42.2%
Equity and liabilities €1.0m
Equity
€22,000 ▼ 84.7%
Debt
€998,034 ▼ 35.9%
Debt's share of the balance-sheet total rises from 91.6% to 97.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€194,834▲
2024 · €169,057
Cash flow
€145,283▼
2024 · €146,521
Debt to equity
45.37▲
2024 · 10.85
ROE
415.7%▲
2024 · 44.8%
Interest coverage
6.43▲
2024 · 6.36
Debt ≤ 1 year
€895,541▼
2024 · €1.3m
Debt > 1 year
€102,493▼
2024 · €283,735
Income taxes
€26,058▲
2024 · €2,743
Staff costs
€396,512▲
2024 · €368,140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,324 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 1,324 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €700,300 | €503,371 | €368,140 | €396,512 | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,119 | €145,196 | €101,965 | €82,199 | €53,832 | ▼ 34.5% |
| Other operating charges640/8 | - | €6,753 | €8,558 | €11,623 | €89,329 | ▲ 669% |
| Non-recurring operating charges66A | - | - | - | €5,154 | - | - |
| Gross operating margin9900 | €522,117 | €908,259 | €384,150 | €553,973 | €680,675 | ▲ 22.9% |
| Operating profit (loss)9901 | €114,448 | €56,010 | -€229,745 | €86,858 | €141,003 | ▲ 62.3% |
| Financial income75/76B | - | €5,213 | €4,146 | €6,802 | €6,828 | ▲ 0.4% |
| Recurring financial income75 | €5,614 | €5,213 | €4,146 | €6,802 | €6,828 | ▲ 0.4% |
| Financial charges65/66B | - | €27,818 | €31,264 | €26,595 | €30,321 | ▲ 14.0% |
| Recurring financial charges65 | €15,346 | €27,818 | €31,264 | €26,595 | €30,321 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €104,716 | €33,405 | -€256,863 | €67,065 | €117,510 | ▲ 75.2% |
| Income taxes67/77 | €50,454 | €29,919 | €3,372 | €2,743 | €26,058 | ▲ 850% |
| Profit (loss) for the period9904 | €54,262 | €3,486 | -€260,235 | €64,322 | €91,452 | ▲ 42.2% |
| Profit (loss) for the period to be appropriated9905 | €54,262 | €3,486 | -€260,235 | €64,322 | €91,452 | ▲ 42.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.5m | €1.3m | €1.7m | €1.0m | ▼ 40.1% |
| Fixed assets21/28 | €197,920 | €452,258 | €387,281 | €294,309 | €206,183 | ▼ 29.9% |
| Intangible fixed assets21 | €25,710 | €68,759 | €63,906 | €36,422 | €25,422 | ▼ 30.2% |
| Tangible fixed assets22/27 | €172,209 | €380,259 | €316,264 | €250,527 | €174,351 | ▼ 30.4% |
| Land and buildings22 | - | €134,710 | €127,002 | €79,497 | €26,049 | ▼ 67.2% |
| Plant, machinery and equipment23 | - | €10,079 | €9,001 | €7,923 | €6,845 | ▼ 13.6% |
| Furniture and vehicles24 | - | €143,203 | €81,955 | €71,947 | €46,820 | ▼ 34.9% |
| Other tangible fixed assets26 | - | €92,265 | €98,307 | €91,160 | €94,638 | ▲ 3.8% |
| Financial fixed assets28 | - | €3,240 | €7,110 | €7,360 | €6,410 | ▼ 12.9% |
| Current assets29/58 | €1.1m | €1.0m | €900,326 | €1.4m | €813,852 | ▼ 42.2% |
| Amounts receivable after more than one year29 | - | - | €63,500 | €63,500 | - | - |
| Other amounts receivable291 | - | - | €63,500 | €63,500 | - | - |
| Amounts receivable within one year40/41 | €284,613 | €303,991 | €232,733 | €435,669 | €423,906 | ▼ 2.7% |
| Trade receivables40 | - | €218,563 | €104,492 | €335,122 | €56,651 | ▼ 83.1% |
| Other amounts receivable41 | - | €85,428 | €128,241 | €100,548 | €367,256 | ▲ 265% |
| Cash at bank and in hand54/58 | €809,370 | €704,112 | €589,286 | €895,561 | €377,948 | ▼ 57.8% |
| Deferred charges and accrued income490/1 | - | €29,792 | €14,807 | €12,651 | €11,998 | ▼ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.3m | €1.7m | €1.0m | ▼ 40.1% |
| Equity10/15 | €347,993 | €351,479 | €91,244 | €143,567 | €22,000 | ▼ 84.7% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €56,262 | €59,749 | €59,749 | €59,749 | €2,000 | ▼ 96.7% |
| Distributable reserves133 | - | €59,749 | €59,749 | €59,749 | €2,000 | ▼ 96.7% |
| Profit (loss) carried forward14 | €271,730 | €271,730 | €11,496 | €63,818 | €0 | ▼ 100% |
| Amounts payable17/49 | €954,446 | €1.1m | €1.2m | €1.6m | €998,034 | ▼ 35.9% |
| Amounts payable after more than one year17 | €149,497 | €282,150 | €356,022 | €283,735 | €102,493 | ▼ 63.9% |
| Financial debts170/4 | - | €281,450 | €355,322 | €282,715 | €102,013 | ▼ 63.9% |
| Other amounts payable178/9 | - | €700 | €700 | €1,020 | €480 | ▼ 52.9% |
| Amounts payable within one year42/48 | €804,602 | €856,523 | €834,210 | €1.3m | €895,541 | ▼ 29.7% |
| Current portion of amounts payable after more than one year42 | - | €110,284 | €84,765 | €84,207 | €91,819 | ▲ 9.0% |
| Financial debts43 | - | €4,167 | €123,940 | €0 | - | - |
| Credit institutions430/8 | - | €4,167 | €78,805 | €0 | - | - |
| Other loans439 | - | - | €45,135 | - | - | - |
| Trade debts44 | €163,176 | €67,536 | €119,827 | €197,576 | €44,013 | ▼ 77.7% |
| Suppliers440/4 | - | €67,536 | €119,827 | €197,576 | €44,013 | ▼ 77.7% |
| Taxes, remuneration and social security45 | - | €81,265 | €95,080 | €87,149 | €54,981 | ▼ 36.9% |
| Taxes450/3 | - | €35,150 | €41,769 | €48,462 | €3,745 | ▼ 92.3% |
| Remuneration and social security454/9 | - | €46,115 | €53,310 | €38,686 | €51,236 | ▲ 32.4% |
| Other amounts payable47/48 | - | €593,271 | €410,599 | €905,457 | €704,727 | ▼ 22.2% |
| Accrued charges and deferred income492/3 | - | - | €6,130 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,262 | €3,486 | -€260,235 | €64,322 | €91,452 | ▲ 42.2% |
| + Depreciation and write-downs630 | €54,119 | €145,196 | €101,965 | €82,199 | €53,832 | ▼ 34.5% |
| Operating cash flow (approximation) | €108,381 | €148,682 | -€158,269 | €146,521 | €145,283 | ▼ 0.8% |
| Investment in fixed assets (approximation) | - | -€399,535 | -€36,988 | €10,772 | €34,295 | ▲ 218% |
| Change in cash | - | -€105,259 | -€114,826 | €306,275 | -€517,613 | ▼ 269% |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Back to profitnet €64,322
Net result €64,322 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €143,567 ▲57.3%
Equity rises from €91,244 to €143,567.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€260,235
Net result drops to -€260,235, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1 day late
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Braine-l'Alleud · 6 establishment units since 2012
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.
Av Alph Allard 2881420 Braine-l'AlleudGround area
1.1 ha
Building footprint
647 m²
Volume, LiDAR
5,102 m³
5 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
6 establishment units
ERA CEDIMMO
since 20122.235.095.081
ERA CEDIMMO
since 20172.297.814.489
ERA CEDIMMO
since 20192.297.814.192
Chaussée de Namur 67D, 1400 Nivelles
since 20212.348.203.813
ERA CEDIMMO
since 20222.348.203.714
ERA CEDIMMO
since 20232.348.203.912
5 parcels
Wallonia
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0073/00W002 | Wallonia | 6,966 m² | - | - |
| 25015D0016/00T002 | Wallonia | 1,440 m² | 1 · 162 m² | 11.0 m · 3 fl. |
| 25782C0087/00Z000 | Wallonia | 1,267 m² | 1 · 196 m² | 9.0 m · 3 fl. |
| 25003D0044/00H000 | Wallonia | 893 m² | 1 · 167 m² | 10.4 m · 3 fl. |
| 25110A0395/00A000 | Wallonia | 165 m² | 1 · 121 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 31,631 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
Founded22-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807787987
Registered
31-10-2025
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.