CECAMAX
ActiveThe file of CECAMAX contains 1 historical bankruptcy publication, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.6% (low). The 2025 annual accounts show equity of €184k and a net result of €-8k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 48% of 11209 sector peers (fiscal year 2025).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+6
Solvency65▲+10
Growth32=
Track record85
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity short (current ratio 0.22 against 0.79 in 2024; short-term debt: 15.3% and cash: 0.1% of total assets), and 60.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
39.7%
Return on assets
-1.6%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-8k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
49 d late
2023
19 d late
2022
384 d late
2021
59 d late
2020
9 d late
2019
10 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€184k▼ 4.0%
2024 · €191k
2019: €198k
2020: €190k
2021: €199k
2022: €198k
2023: €197k
2024: €191k
2019 → 2025
Total assets
€463k▼ 27.8%
2024 · €642k
2019: €279k
2020: €283k
2021: €413k
2022: €458k
2023: €291k
2024: €642k
2019 → 2025
Net result
€-8k▼ 27.3%
2024 · €-6k
2019: €-1k
2020: €-8k
2021: €9k
2022: €-1k
2023: €-644
2024: €-6k
2019 → 2025
Working capital
€-55k▼ 15.7%
2024 · €-48k
2019: €246k
2020: €238k
2021: €8k
2022: €245
2023: €-399
2024: €-48k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€199k-€198k▼ 0.6%€197k▼ 0.3%€191k▼ 3.0%€184k▼ 4.0%
Operating result€9k-€-1k€-348▲ 70.1%€-1k▼ 255%€-6k▼ 408%
Net result€9k-€-1k€-644▲ 49.5%€-6k▼ 827%€-8k▼ 27.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €1k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €463k
Fixed assets
€448k▼ 2.6%
Current assets
€16k▼ 91.3%
Equity and liabilities €463k
Equity
€184k▼ 4.0%
Provisions
€77k▼ 5.0%
Debt
€203k▼ 45.1%
The debt ratio falls from 57.6% to 43.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k
Cash flow
€14k
Solvency
39.7%▲
2024 · 29.8%
Current ratio
0.22▼
2024 · 0.79
Quick ratio
0.22▼
2024 · 0.79
Debt / equity
1.10▼
2024 · 1.93
ROE
-4.1%▼
2024 · -3.1%
ROA
-1.6%▼
2024 · -0.9%
Interest coverage
2.91
Debt
€203k▼
2024 · €370k
Debt ≤ 1 year
€71k▼
2024 · €230k
Debt > 1 year
€132k▼
2024 · €140k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€642k€463k▼
Fixed assets21/28€459k€448k▼
Tangible fixed assets22/27€459k€448k▼
Land and buildings22€278k€448k▲
Assets under construction and advance payments27€181k-
Current assets29/58€182k€16k▼
Amounts receivable within one year40/41€182k€16k▼
Trade receivables40€162k€5k▼
Other amounts receivable41€20k€10k▼
Cash at bank and in hand54/58€298€304▲
Equity and liabilities
Total equity and liabilities10/49€642k€463k▼
Equity10/15€191k€184k▼
Contributions10/11€6k€6k=
Reserves13€168k€160k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€166k€159k▼
Profit (loss) carried forward14€17k€17k▲
Provisions and deferred taxes16€81k€77k▼
Deferred taxes168€81k€77k▼
Amounts payable17/49€370k€203k▼
Amounts payable after more than one year17€140k€132k▼
Financial debts170/4€140k€132k▼
Amounts payable within one year42/48€230k€71k▼
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€194k€35k▼
Suppliers440/4€194k€35k▼
Other amounts payable47/48€29k€28k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€22k
Other operating charges640/8€3k-
Gross operating margin9900€2k€16k▲
Operating profit (loss)9901€-1k€-6k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€-6k€-12k▼
Transfer from deferred taxes780-€4k
Profit (loss) for the period9904€-6k€-8k▼
Transfer from tax-exempt reserves789-€8k
Profit (loss) for the period to be appropriated9905€-6k€241▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€17k▲
Profit (loss) brought forward from the previous period14P€23k€17k▼
The notes to these accounts (8 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
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 384 days late
12-02
Bankruptcy
Judicial dissolution
Tribunal de l’entreprise du Hainaut, division Mons · CECAMAX SRL- RUE DES CHIENS 6, 7350 HENSIES
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-06
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
30-06
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-10-2020
Laurent Bierlaire: Resigned as Director
10-03-2017
DESTRAIX Caroline Isabelle Jeanne: Resigned as Managing director
Location & real-estate footprint
Registered office, Saint-Ghislain · 1 establishment unit since 2002
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.
Rue de Sas(SG) 847330 Saint-GhislainGround area
1,453 m²
Parcel 53070A0167/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Sas(SG) 84, 7330 Saint-Ghislain
since 20022.114.036.509
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53070A0167/00V000 | Wallonia | 1,453 m² | - | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
Distribution A.C.B.
BE 0418.742.961
Braine-l'Alleud · Eq €183k
IMAO BELGIQUE
BE 0888.795.756
Herstal · Eq €182k
INHAIR
BE 0698.902.321
Seraing · Eq €182k
MAXAM
BE 0472.801.655
Enghien · Eq €187k
AP SERVICES CONSULTING
BE 0680.616.633
Honnelles · Eq €180k
Of 798 companies in sector 46450 we hold annual accounts for 452. 332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2002
Fiscal year end30-06
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.