CYREX
CYREX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €-17k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 10% of 16691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €7k |
| Net result | €-17k |
| Staff (FTE) | 1.2 |
| Better than sector | 10% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.6% | 60.0% | |
| Net result | €-17k | €29k | |
| Equity | €7k | €72k | |
| Gross operating margin | €48k | €55k | |
| Staff costs | €60k | €25k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-13k | €25k | €18k | €17k | €13k |
| Net profit | €-17k | €6k | €862 | €3k | €126 |
| Cash flow | €-13k | €13k | €9k | €11k | €4k |
| Staff costs | €60k | €101k | €52k | €81k | €91k |
| Income taxes | €0 | €11k | €3k | €4k | €8k |
| Dividends | - | - | - | - | - |
| Total assets | €190k | €180k | €158k | €116k | €100k |
| Equity | €7k | €24k | €18k | €23k | €19k |
| Debt | €183k | €156k | €140k | €93k | €81k |
| of which ≤ 1y | €183k | €156k | €91k | €45k | €52k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-2k | €14k | €52k | €54k | €27k |
| Employees (FTE) | 1.2 | 1.8 | 1.0 | 1.7 | 2.8 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.99 | 1.09 | 1.57 | 2.19 | 1.52 |
| Quick ratio | 0.99 | 1.09 | 1.57 | 2.19 | 1.52 |
| Working capital ratio | -1.2% | 7.7% | 32.9% | 46.1% | 27.2% |
| Solvency | 3.6% | 13.1% | 11.1% | 19.6% | 19.4% |
| Debt / equity | 26.72 | 6.65 | 8.02 | 4.09 | 4.15 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -17.07 | 22.24 | 3.31 | 7.36 | 12.25 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -8.8% | 3.3% | 0.5% | 3.0% | 0.1% |
| ROE | -243.8% | 25.6% | 4.9% | 15.1% | 0.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €190k | €180k | €158k | €116k | €100k |
| Fixed assets | 21/28 | €9k | €10k | €15k | €18k | €21k |
| Intangible fixed assets | 21 | - | €0 | €2k | €5k | €8k |
| Tangible fixed assets | 22/27 | €3k | €3k | €9k | €9k | €8k |
| Financial fixed assets | 28 | €6k | €6k | €5k | €5k | €5k |
| Current assets | 29/58 | €181k | €170k | €143k | €99k | €79k |
| Amounts receivable within one year | 40/41 | €161k | €135k | €102k | €48k | €41k |
| Cash & bank | 54/58 | €11k | €18k | €33k | €41k | €29k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €190k | €180k | €158k | €116k | €100k |
| Equity | 10/15 | €7k | €24k | €18k | €23k | €19k |
| Contributions / capital | 10/11 | €1 | €1 | €1 | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €5k | €22k | €16k | €15k | €11k |
| Amounts payable | 17/49 | €183k | €156k | €140k | €93k | €81k |
| Amounts payable within one year | 42/48 | €183k | €156k | €91k | €45k | €52k |
| Trade debts payable within one year | 44 | €131k | €94k | €27k | €32k | €9k |
| Income statement | ||||||
| Gross operating margin | 9900 | €48k | €130k | €74k | €107k | €108k |
| Operating result | 9901 | €-16k | €18k | €10k | €9k | €9k |
| Financial income | 75 | €423 | €15 | €13 | €427 | €63 |
| Financial charges | 65 | €764 | €1k | €6k | €2k | €1k |
| Result before taxes | 9903 | €-17k | €17k | €4k | €7k | €8k |
| Income taxes | 67/77 | €0 | €11k | €3k | €4k | €8k |
| Net result for the period | 9904 | €-17k | €6k | €862 | €3k | €126 |
| Result to be appropriated | 9905 | €-17k | €6k | €862 | €3k | €126 |
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 14-07-2015 |
| Status | Active |
| Postal code | 8800 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1278/00X003 | Flanders | 7,646 m² | 1 · 828 m² | 0.6 m |
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.
18-04-2025 Registered office moved from Gent to Roeselare
- Kleindokkaai 19, 9000 Gent → Kwadestraat 155 bus 12.2, 8800 Roeselare
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "Kwadestraat 155 bus 12.2, 8800 Roeselare",
"city": "Roeselare",
"region": "vlaams_gewest",
"street": "Kwadestraat",
"country": "BE",
"postcode": "8800",
"box_number": "12.2",
"street_number": "155",
"locality_suffix": null
},
"old_address": {
"raw": "Kleindokkaai 19, 9000 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Kleindokkaai",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "19",
"locality_suffix": null
},
"effective_date": "2025-02-01",
"evidence_quote": "Het bestuur beslist dat de zetel van de vennootschap zal worden verplaatst van Kleindokkaai 19, 9000 Gent naar Kwadestraat 155 bus 12.2, 8800 Roeselare, en dit vanaf 01/02/2025.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-04-18",
"filing_date": "2025-04-10",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2025-02-01",
"unanimous": null
},
"subject_company": {
"kbo": "0633.885.003",
"name_full": "CYREX",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0882.371.584",
"org_name": "NV TITECA ACCOUNTANCY",
"person_name": "Manon De Groote",
"org_rep_person_name": "Manon De Groote",
"person_role_at_subject": "Aangestelde"
},
"co_filed_documents": [
"de notulen van de bestuursvergadering dd. 01/02/2025"
]
}| Legal nameNL | CYREX |