CBEXCO
ActiveSummary
CBEXCO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €478k and a net result of €94k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.37 against 6.09 in 2024; short-term debt: 17.9% and cash: 75.4% of total assets), and 17.9% of the assets are financed with debt.
Credit check for your own amount and term
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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
82.1%
Return on assets
16.1%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
25 d early
2024
22 d late
2023
9 d early
2022
28 d late
2021
23 d late
2020
5 d early
2019
116 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€478k=
2024 · €478k
2018: €84k
2019: €156k
2020: €320k
2021: €524k
2022: €356k
2023: €462k
2024: €478k
2018 → 2025
Total assets
€582k▲ 2.4%
2024 · €568k
2018: €140k
2019: €248k
2020: €487k
2021: €658k
2022: €734k
2023: €576k
2024: €568k
2018 → 2025
Net result
€94k▲ 16.2%
2024 · €81k
2018: €65k
2019: €72k
2020: €165k
2021: €235k
2022: €185k
2023: €165k
2024: €81k
2018 → 2025
Working capital
€454k▼ 1.1%
2024 · €459k
2018: €87k
2019: €158k
2020: €321k
2021: €528k
2022: €345k
2023: €442k
2024: €459k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€524k-€356k▼ 32.1%€462k▲ 29.7%€478k▲ 3.5%€478k=
Operating result€314k-€239k▼ 24.0%€238k▼ 0.3%€110k▼ 53.6%€117k▲ 5.7%
Net result€235k-€185k▼ 21.6%€165k▼ 10.8%€81k▼ 50.9%€94k▲ 16.2%
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 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €582k
Fixed assets
€24k ▲ 28.1%
Current assets
€558k ▲ 1.6%
Equity and liabilities €582k
Equity
€478k =
Debt
€104k ▲ 15.2%
Debt's share of the balance-sheet total rises from 15.9% to 17.9%. Debt is higher.
Key figures and ratios
EBITDA
€122k▲
2024 · €114k
Cash flow
€99k▲
2024 · €84k
Current ratio
5.37▼
2024 · 6.09
Debt to equity
0.22▲
2024 · 0.19
ROE
19.6%▲
2024 · 16.9%
ROA
16.1%▲
2024 · 14.2%
Interest coverage
837.44▲
2024 · 761.42
Debt ≤ 1 year
€104k▲
2024 · €90k
Income taxes
€34k▲
2024 · €32k
Staff costs
€2k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€568k€582k▲
Fixed assets21/28€18k€24k▲
Tangible fixed assets22/27€18k€24k▲
Land and buildings22€16k€14k▼
Furniture and vehicles24€3k€10k▲
Current assets29/58€549k€558k▲
Amounts receivable within one year40/41€33k€41k▲
Trade receivables40€14k€21k▲
Other amounts receivable41€19k€20k▲
Current investments50/53€76k€76k=
Cash at bank and in hand54/58€436k€438k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€568k€582k▲
Equity10/15€478k€478k=
Contributions10/11€19k€19k=
Reserves13€459k€459k=
Distributable reserves133€459k€459k=
Amounts payable17/49€90k€104k▲
Amounts payable within one year42/48€90k€104k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€18k€2k▼
Taxes450/3€18k€2k▼
Other amounts payable47/48€67k€100k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€119k€125k▲
Operating profit (loss)9901€110k€117k▲
Financial income75/76B€3k€11k▲
Recurring financial income75€3k€11k▲
Financial charges65/66B€149€146▼
Recurring financial charges65€149€146▼
Profit (loss) for the period before taxes9903€113k€128k▲
Income taxes67/77€32k€34k▲
Profit (loss) for the period9904€81k€94k▲
Profit (loss) for the period to be appropriated9905€81k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€81k€94k▲
Transfer from equity791/2€42k-
Transfer to equity691/2€59k-
To other reserves6921€59k-
Profit to be distributed694/7€65k€94k▲
Return on contributions (dividend)694€65k€94k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.86
Current ratio from 1.92 to 4.86; short-term debt falls from €374k to €115k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €235k ▲42.9%
Operating result €314k, net result €235k, both a record.
31-12
Financial
Equity above €500kEq €524k ▲63.8%
4 profitable years in a row build equity to €524k.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €320k ▲106%
3 profitable years in a row build equity to €320k.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
31-12
Financial
Equity above €150kEq €156k ▲85.1%
2 profitable years in a row build equity to €156k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 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
3 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, Walhain · 1 establishment unit since 2017
Ground area
1,320 m²
Building footprint
111 m²
Volume, LiDAR
811 m³
Parcel 25071B0374/00C000, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CBEXCO
since 20172.266.359.369
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071B0374/00C000 | Wallonia | 1,320 m² | 1 · 111 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 4,564 companies in sector 74999 we hold annual accounts for 1,936. 1,201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.