CYMAKO
ActiveSummary
CYMAKO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,867 and a net result of €46,867. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency62▲+33
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.01 in 2024; short-term debt: 61.7% and cash: 50.4% of total assets), and 63% of the assets are financed with debt.
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Signals
Four 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
37%
Return on assets
195.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
21 d late
2024
59 d early
2023
64 d early
2022
46 d early
2021
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€8,867▲ 343%
2024 · €2,000
Total assets
€23,972▼ 51.7%
2024 · €49,678
Net result
€46,867▲ 26.8%
2024 · €36,950
Working capital
€2,729▲ 416%
2024 · €529
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€57,517-€48,266▼ 16.1%€47,407▼ 1.8%€45,734▼ 3.5%€61,725▲ 35.0%
Net result€44,390within the sector's middle half-€34,577within the sector's middle half▼ 22.1%€36,044within the sector's middle half▲ 4.2%€36,950within the sector's middle half▲ 2.5%€46,867within the sector's middle half▲ 26.8%
Equity€45,590within the sector's middle half-€79,366within the sector's middle half▲ 74.1%€115,411within the sector's middle half▲ 45.4%€2,000below the sector's middle half▼ 98.3%€8,867below the sector's middle half▲ 343%
Total assets€67,942below the sector's middle half-€86,987within the sector's middle half▲ 28.0%€125,769within the sector's middle half▲ 44.6%€49,678below the sector's middle half▼ 60.5%€23,972below the sector's middle half▼ 51.7%
Debt€22,353-€7,620▼ 65.9%€10,358▲ 35.9%€47,678▲ 360%€15,105▼ 68.3%
Working capital€45,590-€79,366▲ 74.1%€112,636▲ 41.9%€529▼ 99.5%€2,729▲ 416%
Solvency67.1%within the sector's middle half-91.2%above the sector's middle half▲ 24.1pp91.8%above the sector's middle half▲ 0.5pp4.0%below the sector's middle half▼ 87.7pp37.0%within the sector's middle half▲ 33.0pp
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 recovers in 2025; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,972
Fixed assets
€6,444 ▲ 291%
Current assets
€17,528 ▼ 63.5%
Equity and liabilities €23,972
Equity
€8,867 ▲ 343%
Debt
€15,105 ▼ 68.3%
Debt's share of the balance-sheet total falls from 96.0% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62,930▲
2024 · €45,821
Cash flow
€48,072▲
2024 · €37,036
Current ratio
1.18▲
2024 · 1.01
Debt to equity
1.70▼
2024 · 23.84
ROE
528.6%
ROA
195.5%▲
2024 · 74.4%
Interest coverage
28.38▲
2024 · 19.08
Debt ≤ 1 year
€14,799▼
2024 · €47,502
Income taxes
€12,851▲
2024 · €9,814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% 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 497,058 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% | 1.6% |
| 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 26,964 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €86 | €1,205 | ▲ 1,295% |
| Other operating charges640/8 | - | €1,590 | €1,342 | €1,592 | €1,546 | ▼ 2.9% |
| Gross operating margin9900 | €57,517 | €49,856 | €48,749 | €47,413 | €64,476 | ▲ 36.0% |
| Operating profit (loss)9901 | €57,517 | €48,266 | €47,407 | €45,734 | €61,725 | ▲ 35.0% |
| Financial income75/76B | €1 | €347 | €1,296 | €3,431 | €211 | ▼ 93.9% |
| Recurring financial income75 | €1 | €347 | €1,296 | €3,431 | €211 | ▼ 93.9% |
| Financial charges65/66B | €1,455 | €4,377 | €2,687 | €2,401 | €2,217 | ▼ 7.7% |
| Recurring financial charges65 | €1,455 | €4,377 | €2,687 | €2,401 | €2,217 | ▼ 7.7% |
| Profit (loss) for the period before taxes9903 | €56,063 | €44,237 | €46,016 | €46,764 | €59,718 | ▲ 27.7% |
| Income taxes67/77 | €11,673 | €9,660 | €9,972 | €9,814 | €12,851 | ▲ 30.9% |
| Profit (loss) for the period9904 | €44,390 | €34,577 | €36,044 | €36,950 | €46,867 | ▲ 26.8% |
| Profit (loss) for the period to be appropriated9905 | €44,390 | €34,577 | €36,044 | €36,950 | €46,867 | ▲ 26.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,942 | €86,987 | €125,769 | €49,678 | €23,972 | ▼ 51.7% |
| Fixed assets21/28 | - | - | €2,775 | €1,646 | €6,444 | ▲ 291% |
| Intangible fixed assets21 | - | - | - | €1,646 | €5,117 | ▲ 211% |
| Tangible fixed assets22/27 | - | - | - | - | €1,327 | - |
| Furniture and vehicles24 | - | - | - | - | €1,327 | - |
| Financial fixed assets28 | - | - | €2,775 | €0 | - | - |
| Current assets29/58 | €67,942 | €86,987 | €122,994 | €48,032 | €17,528 | ▼ 63.5% |
| Amounts receivable after more than one year29 | - | €15,000 | €15,000 | €15,000 | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €15,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €15,000 | €15,000 | - | - | - |
| Amounts receivable within one year40/41 | €3,077 | €16,361 | €34,440 | €300 | €723 | ▲ 141% |
| Trade receivables40 | €1,371 | €12,705 | €1,150 | €0 | - | - |
| Other amounts receivable41 | €1,706 | €3,656 | €33,290 | €300 | €723 | ▲ 141% |
| Current investments50/53 | - | €19,212 | €19,704 | €0 | - | - |
| Cash at bank and in hand54/58 | €63,873 | €36,067 | €49,840 | €29,199 | €12,083 | ▼ 58.6% |
| Deferred charges and accrued income490/1 | €992 | €347 | €4,010 | €3,532 | €4,722 | ▲ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,942 | €86,987 | €125,769 | €49,678 | €23,972 | ▼ 51.7% |
| Equity10/15 | €45,590 | €79,366 | €115,411 | €2,000 | €8,867 | ▲ 343% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €43,590 | €77,366 | €113,411 | €0 | - | - |
| Distributable reserves133 | €43,590 | €77,366 | €113,411 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €6,867 | - |
| Amounts payable17/49 | €22,353 | €7,620 | €10,358 | €47,678 | €15,105 | ▼ 68.3% |
| Amounts payable within one year42/48 | €22,353 | €7,620 | €10,358 | €47,502 | €14,799 | ▼ 68.8% |
| Trade debts44 | €4,435 | €599 | €4,320 | €1,527 | €4,415 | ▲ 189% |
| Suppliers440/4 | €4,435 | €599 | €4,320 | €1,527 | €4,415 | ▲ 189% |
| Taxes, remuneration and social security45 | €17,117 | €6,221 | €6,038 | €6,157 | €6,736 | ▲ 9.4% |
| Taxes450/3 | €17,117 | €6,221 | €6,038 | €6,157 | €6,736 | ▲ 9.4% |
| Other amounts payable47/48 | €800 | €800 | - | €39,818 | €3,648 | ▼ 90.8% |
| Accrued charges and deferred income492/3 | - | - | - | €175 | €306 | ▲ 74.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,390 | €34,577 | €36,044 | €36,950 | €46,867 | ▲ 26.8% |
| + Depreciation and write-downs630 | - | - | - | €86 | €1,205 | ▲ 1,295% |
| Operating cash flow (approximation) | €44,390 | €34,577 | €36,044 | €37,036 | €48,072 | ▲ 29.8% |
| Investment in fixed assets (approximation) | - | - | - | €1,043 | -€6,003 | ▼ 676% |
| Change in cash | - | -€27,806 | €13,773 | -€20,641 | -€17,116 | ▲ 17.1% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Highest result since 2021net €46,867 ▲26.8%
Operating result €61,725, net result €46,867, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €115,411 ▲45.4%
3 profitable years in a row build equity to €115,411.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €34,577 ▼22.1%
Net result drops to €34,577, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 11.42
Current ratio from 3.04 to 11.42; short-term debt falls from €22,353 to €7,620.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
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, Gent · 1 establishment unit since 2021
Ground area
355 m²
Building footprint
189 m²
Volume, LiDAR
2,606 m³
Parcel 44432C1188/00P004, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CYMAKO
since 20212.311.719.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1188/00P004 | Flanders | 355 m² | 1 · 189 m² | 16.5 m · 5 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 5,712 companies in sector 70100 we hold annual accounts for 3,504. 1,123 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
Founded05-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760822864
Also
9925:BE0760822864
Registered
18-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.