CYMAISES
ActiveSummary
CYMAISES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,417 and a net result of -€1,965. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-11
Solvency47=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.26 in 2024; short-term debt: 52.4% and cash: 27.5% of total assets), and 77.5% of the assets are financed with debt.
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Signals
Five 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.5%
Return on assets
-3.3%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
76 d early
2023
7 d early
2022
1 d late
2021
5 d early
2020
1 d early
2019
7 d late
← 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 19 days before 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 25 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13,417▼ 12.8%
2024 · €15,381
Total assets
€59,702▼ 16.1%
2024 · €71,139
Net result
-€1,965
2024 · €1,090
Working capital
€6,929▼ 18.7%
2024 · €8,522
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,876▼ 42.1%€7,257▼ 51.2%-€8,629€3,327-€195
Net result€14,487within the sector's middle half▼ 40.3%€5,521within the sector's middle half▼ 61.9%-€9,413below the sector's middle half€1,090below the sector's middle half-€1,965below the sector's middle half
Equity€18,183below the sector's middle half▲ 392%€23,704below the sector's middle half▲ 30.4%€14,292below the sector's middle half▼ 39.7%€15,381below the sector's middle half▲ 7.6%€13,417below the sector's middle half▼ 12.8%
Total assets€44,807below the sector's middle half▲ 1.3%€56,613below the sector's middle half▲ 26.3%€76,675below the sector's middle half▲ 35.4%€71,139below the sector's middle half▼ 7.2%€59,702below the sector's middle half▼ 16.1%
Debt€26,624▼ 34.3%€32,909▲ 23.6%€62,383▲ 89.6%€55,757▼ 10.6%€46,285▼ 17.0%
Working capital€16,436within the sector's middle half▲ 743%€18,979within the sector's middle half▲ 15.5%€7,590within the sector's middle half▼ 60.0%€8,522within the sector's middle half▲ 12.3%€6,929within the sector's middle half▼ 18.7%
Solvency40.6%within the sector's middle half▲ 32.2pp41.9%within the sector's middle half▲ 1.3pp18.6%below the sector's middle half▼ 23.2pp21.6%below the sector's middle half▲ 3.0pp22.5%within the sector's middle half▲ 0.9pp
Current ratio1.62within the sector's middle half▲ 0.561.58within the sector's middle half▼ 0.041.24within the sector's middle half▼ 0.331.26within the sector's middle half▲ 0.021.22within the sector's middle half▼ 0.04
Return on assets (ROA)32.3%above the sector's middle half▼ 22.5pp9.8%within the sector's middle half▼ 22.6pp-12.3%below the sector's middle half▼ 22.0pp1.5%below the sector's middle half▲ 13.8pp-3.3%below the sector's middle half▼ 4.8pp
Staff (FTE)0▼ 100%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €195 after €3,327 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,702
Fixed assets
€21,478 ▼ 28.7%
Current assets
€38,224 ▼ 6.8%
Equity and liabilities €59,702
Equity
€13,417 ▼ 12.8%
Debt
€46,285 ▼ 17.0%
Debt's share of the balance-sheet total falls from 78.4% to 77.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8,459▼
2024 · €11,907
Cash flow
€6,690▼
2024 · €9,670
Debt to equity
3.45▼
2024 · 3.62
ROE
-14.6%▼
2024 · 7.1%
Interest coverage
4.78▼
2024 · 5.32
Debt ≤ 1 year
€31,296▼
2024 · €32,485
Debt > 1 year
€14,990▼
2024 · €23,272
Staff costs
€170▼
2024 · €1,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,341 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% | 1.0% |
| 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% 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 2,450 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 | €584 | €146 | €160 | €1,542 | €170 | ▼ 89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,007 | €657 | €4,154 | €8,581 | €8,654 | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €144 | - | - | - | - | - |
| Other operating charges640/8 | €2,530 | €8,848 | €3,071 | €1,325 | €2,496 | ▲ 88.4% |
| Gross operating margin9900 | €23,141 | €16,908 | -€1,244 | €14,774 | €11,125 | ▼ 24.7% |
| Operating profit (loss)9901 | €14,876 | €7,257 | -€8,629 | €3,327 | -€195 | ▼ 106% |
| Financial income75/76B | €3 | - | €84 | €0 | €1 | ▲ 2,950% |
| Recurring financial income75 | €3 | - | €84 | €0 | €1 | ▲ 2,950% |
| Financial charges65/66B | €392 | €130 | €867 | €2,237 | €1,770 | ▼ 20.9% |
| Recurring financial charges65 | €392 | €130 | €867 | €2,237 | €1,770 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €14,487 | €7,127 | -€9,413 | €1,090 | -€1,965 | ▼ 280% |
| Income taxes67/77 | - | €1,606 | - | - | - | - |
| Profit (loss) for the period9904 | €14,487 | €5,521 | -€9,413 | €1,090 | -€1,965 | ▼ 280% |
| Profit (loss) for the period to be appropriated9905 | €14,487 | €5,521 | -€9,413 | €1,090 | -€1,965 | ▼ 280% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,807 | €56,613 | €76,675 | €71,139 | €59,702 | ▼ 16.1% |
| Fixed assets21/28 | €1,747 | €4,725 | €37,763 | €30,132 | €21,478 | ▼ 28.7% |
| Tangible fixed assets22/27 | €1,597 | €4,575 | €37,613 | €29,982 | €21,328 | ▼ 28.9% |
| Land and buildings22 | - | - | €2,140 | €1,542 | €944 | ▼ 38.8% |
| Plant, machinery and equipment23 | €413 | €61 | - | - | - | - |
| Furniture and vehicles24 | €322 | €1,676 | €35,473 | €28,441 | €20,384 | ▼ 28.3% |
| Other tangible fixed assets26 | €862 | €2,838 | - | - | - | - |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €43,060 | €51,888 | €38,912 | €41,006 | €38,224 | ▼ 6.8% |
| Amounts receivable within one year40/41 | €17,289 | €27,955 | €26,428 | €19,451 | €21,409 | ▲ 10.1% |
| Trade receivables40 | €17,289 | €27,889 | €26,428 | €19,283 | €19,451 | ▲ 0.9% |
| Other amounts receivable41 | - | €66 | - | €168 | €1,958 | ▲ 1,066% |
| Cash at bank and in hand54/58 | €23,781 | €23,837 | €12,484 | €21,104 | €16,389 | ▼ 22.3% |
| Deferred charges and accrued income490/1 | €1,990 | €96 | - | €451 | €426 | ▼ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,807 | €56,613 | €76,675 | €71,139 | €59,702 | ▼ 16.1% |
| Equity10/15 | €18,183 | €23,704 | €14,292 | €15,381 | €13,417 | ▼ 12.8% |
| Contributions10/11 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | = |
| Reserves13 | €12,383 | €12,383 | €12,383 | €12,383 | €12,383 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €10,523 | €10,523 | €10,523 | €10,523 | €10,523 | = |
| Profit (loss) carried forward14 | -€10,400 | -€4,879 | -€14,292 | -€13,202 | -€15,167 | ▼ 14.9% |
| Amounts payable17/49 | €26,624 | €32,909 | €62,383 | €55,757 | €46,285 | ▼ 17.0% |
| Amounts payable after more than one year17 | - | - | €31,061 | €23,272 | €14,990 | ▼ 35.6% |
| Financial debts170/4 | - | - | €31,061 | €23,272 | €14,990 | ▼ 35.6% |
| Amounts payable within one year42/48 | €26,624 | €32,909 | €31,323 | €32,485 | €31,296 | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | €4,736 | - | €7,323 | €7,788 | €8,283 | ▲ 6.4% |
| Trade debts44 | €13,672 | €16,583 | €880 | €8,865 | €1,264 | ▼ 85.7% |
| Suppliers440/4 | €13,672 | €16,583 | €880 | €8,865 | €1,264 | ▼ 85.7% |
| Taxes, remuneration and social security45 | €4,220 | €7,437 | €6,339 | €4,868 | €6,586 | ▲ 35.3% |
| Taxes450/3 | €4,220 | €7,437 | €6,339 | €4,857 | €6,575 | ▲ 35.4% |
| Remuneration and social security454/9 | - | - | - | €11 | €11 | = |
| Other amounts payable47/48 | €3,996 | €8,889 | €16,781 | €10,963 | €15,163 | ▲ 38.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,487 | €5,521 | -€9,413 | €1,090 | -€1,965 | ▼ 280% |
| + Depreciation and write-downs630 | €5,007 | €657 | €4,154 | €8,581 | €8,654 | ▲ 0.9% |
| Operating cash flow (approximation) | €19,494 | €6,178 | -€5,259 | €9,670 | €6,690 | ▼ 30.8% |
| Investment in fixed assets (approximation) | - | -€3,635 | -€37,191 | -€950 | €0 | ▲ 100% |
| Change in cash | - | €56 | -€11,353 | €8,619 | -€4,715 | ▼ 155% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,090
Net result €1,090 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €24,260
Net result €24,260 after 2 loss-making years.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Weakest financial yearnet -€21,654
Net result drops to -€21,654, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2005
Ground area
107 m²
Building footprint
56 m²
Volume, LiDAR
542 m³
Parcel 62815C0334/00B034, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ORDINATIO.CYMAISES
since 20052.149.959.963
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62815C0334/00B034 | Wallonia | 107 m² | 1 · 56 m² | 11.5 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.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 26,258 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63100Computing infrastructure, data processing, hosting and related activities
69209Other tax advisory services
82300Organisation of conventions and trade shows
82990Other business support services
91110Libraries, archives, museums and other cultural activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477570392
Registered
26-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.