CEDALEX
ActiveSummary
CEDALEX has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €-9k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-78
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.98 in 2024; short-term debt: 24.3% and cash: 0.5% of total assets), and 24.7% 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
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
75.3%
Return on assets
-28%
Age of the figures
15 mo
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 →
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
14 d early
2022
on the day
2021
on the day
2020
2 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 27.1%
2024 · €33k
2019: €23k
2020: €20k
2021: €32k
2022: €35k
2023: €30k
2024: €33k
2019 → 2025
Total assets
€32k▼ 27.2%
2024 · €44k
2019: €38k
2020: €31k
2021: €49k
2022: €44k
2023: €50k
2024: €44k
2019 → 2025
Net result
€-9k
2024 · €3k
2019: €1k
2020: €-3k
2021: €12k
2022: €7k
2023: €4k
2024: €3k
2019 → 2025
Working capital
€5k▼ 54.7%
2024 · €11k
2019: €22k
2020: €14k
2021: €29k
2022: €36k
2023: €18k
2024: €11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€35k▲ 10.7%€30k▼ 14.8%€33k▲ 11.1%€24k▼ 27.1%
Operating result€23k-€15k▼ 35.1%€9k▼ 41.7%€7k▼ 15.9%€-6k
Net result€12k-€7k▼ 41.3%€4k▼ 43.4%€3k▼ 15.3%€-9k
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 €6k after €7k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€19k ▼ 13.4%
Current assets
€13k ▼ 41.5%
Equity and liabilities €32k
Equity
€24k ▼ 27.1%
Debt
€8k ▼ 27.4%
Debt's share of the balance-sheet total falls from 24.8% to 24.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €10k
Cash flow
€-6k▼
2024 · €6k
Current ratio
1.62▼
2024 · 1.98
Debt to equity
0.33▼
2024 · 0.33
ROE
-37.2%▼
2024 · 10.0%
ROA
-28.0%▼
2024 · 7.5%
Interest coverage
-1.48▼
2024 · 16.92
Debt ≤ 1 year
€8k▼
2024 · €11k
Income taxes
€386▼
2024 · €3k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€44k€32k▼
Fixed assets21/28€22k€19k▼
Tangible fixed assets22/27€22k€19k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€19k€17k▼
Current assets29/58€22k€13k▼
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Amounts receivable within one year40/41€13k€12k▼
Trade receivables40€12k€11k▼
Other amounts receivable41€1k€704▼
Cash at bank and in hand54/58€2k€146▼
Deferred charges and accrued income490/1€2k€521▼
Equity and liabilities
Total equity and liabilities10/49€44k€32k▼
Equity10/15€33k€24k▼
Contributions10/11€6k€6k=
Reserves13€24k€24k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€3k€-6k▼
Amounts payable17/49€11k€8k▼
Amounts payable within one year42/48€11k€8k▼
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€837€5k▲
Suppliers440/4€837€5k▲
Taxes, remuneration and social security45€5k€986▼
Taxes450/3€5k€386▼
Remuneration and social security454/9-€600
Other amounts payable47/48€4k€14▼
Accrued charges and deferred income492/3-€144
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€11k€418▼
Operating profit (loss)9901€7k€-6k▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€571€2k▲
Recurring financial charges65€571€2k▲
Profit (loss) for the period before taxes9903€7k€-9k▼
Income taxes67/77€3k€386▼
Profit (loss) for the period9904€3k€-9k▼
Profit (loss) for the period to be appropriated9905€3k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-6k▼
Profit (loss) brought forward from the previous period14P-€3k
The notes to these accounts (6 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-9k ▼370%
Net result drops to €-9k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity doublescurrent ratio 5.45
Current ratio from 2.70 to 5.45; short-term debt falls from €17k to €8k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Laureins · 1 establishment unit since 2012
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.
Burg. Van de Keerestraat(WAT) 109988 Sint-LaureinsGround area
312 m²
Building footprint
87 m²
Parcel 43017B0654/00L002, Flanders. Linked by address, not a title deed.
1 establishment unit
CEDALEX
since 20122.210.408.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43017B0654/00L002 | Flanders | 312 m² | 1 · 87 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.
Similar companies · same sector, comparable size
ALTA-VINA
BE 0733.735.714
Grimbergen · Eq €23,924
Saborelios
BE 1008.310.545
Heusden-Zolder · Eq €24,515
GAMAY CONSULTING
BE 0754.384.638
Soignies · Eq €23,744
STAPPA SASU
BE 0746.577.920
Vorst · Eq €24,839
Seaberry Liquids
BE 0753.672.479
Koksijde · Eq €24,931
Of 1,050 companies in sector 46341 we hold annual accounts for 534. 324 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
Founded19-06-2012
Fiscal year end30-06
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
46190Agents in non-specialised wholesale trade
46389Wholesale of other food products
47522Retail trade
47524Retail trade
59113Video and film production, excluding cinema and television films
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.