CEDREX
ActiveSummary
CEDREX has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.33M and a net result of €114k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability63▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 8.78 against 5.88 in 2023; short-term debt: 8.9% and cash: 41.9% of total assets), and 15.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
84.3%
Return on assets
7.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
20 d early
2022
45 d early
2021
37 d early
2020
38 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.33M▲ 9.1%
2023 · €1.22M
2018: €918klowest in 7 years
2019: €1.04M▲ +13.5% vs 2018
2020: €1.05M▲ +0.4% vs 2019
2021: €1.09M▲ +3.9% vs 2020
2022: €1.16M▲ +6.9% vs 2021
2023: €1.22M▲ +4.6% vs 2022
2024: €1.33M▲ +9.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.57M▼ 0.8%
2023 · €1.59M
2018: €1.24Mlowest in 7 years
2019: €1.27M▲ +2.5% vs 2018
2020: €1.28M▲ +1.1% vs 2019
2021: €1.29M▲ +0.5% vs 2020
2022: €1.35M▲ +4.8% vs 2021
2023: €1.59M▲ +17.4% vs 2022highest in 7 years
2024: €1.57M▼ -0.8% vs 2023
2018 → 2024
Net result
€114k▼ 9.4%
2023 · €126k
2018: €59k
2019: €124k▲ +109% vs 2018
2020: €44k▼ -64.3% vs 2019lowest in 7 years
2021: €80k▲ +81.3% vs 2020
2022: €132k▲ +64.5% vs 2021highest in 7 years
2023: €126k▼ -4.5% vs 2022
2024: €114k▼ -9.4% vs 2023
2018 → 2024
Working capital
€1.08M▲ 9.3%
2023 · €993k
2018: €839klowest in 7 years
2019: €915k▲ +9.0% vs 2018
2020: €882k▼ -3.6% vs 2019
2021: €895k▲ +1.5% vs 2020
2022: €977k▲ +9.1% vs 2021
2023: €993k▲ +1.7% vs 2022
2024: €1.08M▲ +9.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.05M-€1.09M▲ 3.9%€1.16M▲ 6.9%€1.22M▲ 4.6%€1.33M▲ 9.1%
2020: €1.05Mlowest in 5 years
2021: €1.09M▲ +3.9% vs 2020
2022: €1.16M▲ +6.9% vs 2021
2023: €1.22M▲ +4.6% vs 2022
2024: €1.33M▲ +9.1% vs 2023highest in 5 years
Operating result€97k-€146k▲ 50.3%€246k▲ 68.2%€232k▼ 5.4%€193k▼ 16.9%
2020: €97klowest in 5 years
2021: €146k▲ +50.3% vs 2020
2022: €246k▲ +68.2% vs 2021highest in 5 years
2023: €232k▼ -5.4% vs 2022
2024: €193k▼ -16.9% vs 2023
Net result€44k-€80k▲ 81.3%€132k▲ 64.5%€126k▼ 4.5%€114k▼ 9.4%
2020: €44klowest in 5 years
2021: €80k▲ +81.3% vs 2020
2022: €132k▲ +64.5% vs 2021highest in 5 years
2023: €126k▼ -4.5% vs 2022
2024: €114k▼ -9.4% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.57M
Fixed assets
€349k ▼ 10.5%
Current assets
€1.22M ▲ 2.3%
Equity and liabilities €1.57M
Equity
€1.33M ▲ 9.1%
Provisions
€47k ▼ 13.5%
Debt
€201k ▼ 36.7%
Debt's share of the balance-sheet total falls from 20.0% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€243k▼
2023 · €264k
Cash flow
€164k▲
2023 · €158k
Current ratio
8.78▲
2023 · 5.88
Debt to equity
0.15▼
2023 · 0.26
ROE
8.6%▼
2023 · 10.4%
ROA
7.3%▼
2023 · 8.0%
Interest coverage
4.19▼
2023 · 4.25
Debt ≤ 1 year
€140k▼
2023 · €203k
Debt > 1 year
€61k▼
2023 · €111k
Income taxes
€47k▼
2023 · €53k
Staff costs
€47k▼
2023 · €48k
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 · 2024 against 2023 · 62 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.59M€1.57M▼
Fixed assets21/28€390k€349k▼
Tangible fixed assets22/27€390k€349k▼
Land and buildings22€204k€195k▼
Plant, machinery and equipment23€41k€35k▼
Furniture and vehicles24€144k€118k▼
Other tangible fixed assets26€2k€2k=
Current assets29/58€1.20M€1.22M▲
Amounts receivable after more than one year29€313k€463k▲
Other amounts receivable291€313k€463k▲
Amounts receivable within one year40/41€21k€16k▼
Trade receivables40€2k€0▼
Other amounts receivable41€19k€16k▼
Current investments50/53€59k€61k▲
Cash at bank and in hand54/58€782k€660k▼
Deferred charges and accrued income490/1€22k€25k▲
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.57M▼
Equity10/15€1.22M€1.33M▲
Contributions10/11€469k€469k=
Reserves13€710k€820k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€710k€820k▲
Profit (loss) carried forward14€37k€37k=
Provisions and deferred taxes16€54k€47k▼
Provisions for liabilities and charges160/5€54k€47k▼
Other liabilities and charges164/5€54k€47k▼
Amounts payable17/49€317k€201k▼
Amounts payable after more than one year17€111k€61k▼
Financial debts170/4€111k€61k▼
Amounts payable within one year42/48€203k€140k▼
Current portion of amounts payable after more than one year42€59k€50k▼
Trade debts44€7k€9k▲
Suppliers440/4€7k€9k▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€0-
Remuneration and social security454/9€9k€6k▼
Other amounts payable47/48€128k€75k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20232024
Non-recurring operating income76A€7k€16k▲
Remuneration, social security and pensions62€48k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€50k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-3k€-7k▼
Other operating charges640/8€9k€10k▲
Gross operating margin9900€318k€292k▼
Operating profit (loss)9901€232k€193k▼
Financial income75/76B€9k€27k▲
Recurring financial income75€9k€27k▲
Financial charges65/66B€62k€58k▼
Recurring financial charges65€62k€58k▼
Profit (loss) for the period before taxes9903€180k€162k▼
Income taxes67/77€53k€47k▼
Profit (loss) for the period9904€126k€114k▼
Profit (loss) for the period to be appropriated9905€126k€114k▼
Appropriation of the result
Profit (loss) to be appropriated9906€161k€151k▼
Profit (loss) brought forward from the previous period14P€35k€37k▲
Transfer from equity791/2€73k€0▼
Transfer to equity691/2€124k€111k▼
To other reserves6921€124k€111k▼
Profit to be distributed694/7€73k€4k▼
Return on contributions (dividend)694€73k€0▼
Other beneficiaries697-€4k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7k | €16k | ▲ 146% |
| Remuneration, social security and pensions62 | - | €38k | €40k | €48k | €47k | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €43k | €24k | €32k | €50k | ▲ 55.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €13k | €14k | €-3k | €-7k | ▼ 121% |
| Other operating charges640/8 | - | €9k | €5k | €9k | €10k | ▲ 7.0% |
| Gross operating margin9900 | €168k | €250k | €329k | €318k | €292k | ▼ 8.1% |
| Operating profit (loss)9901 | €97k | €146k | €246k | €232k | €193k | ▼ 16.9% |
| Financial income75/76B | - | €1k | €675 | €9k | €27k | ▲ 184% |
| Recurring financial income75 | €1k | €1k | €675 | €9k | €27k | ▲ 184% |
| Financial charges65/66B | - | €33k | €52k | €62k | €58k | ▼ 6.8% |
| Recurring financial charges65 | €42k | €33k | €52k | €62k | €58k | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €56k | €114k | €195k | €180k | €162k | ▼ 9.9% |
| Income taxes67/77 | €12k | €34k | €62k | €53k | €47k | ▼ 11.2% |
| Profit (loss) for the period9904 | €44k | €80k | €132k | €126k | €114k | ▼ 9.4% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €137k | €80k | €132k | €126k | €114k | ▼ 9.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.28M | €1.29M | €1.35M | €1.59M | €1.57M | ▼ 0.8% |
| Fixed assets21/28 | €289k | €295k | €279k | €390k | €349k | ▼ 10.5% |
| Tangible fixed assets22/27 | €289k | €295k | €279k | €390k | €349k | ▼ 10.5% |
| Land and buildings22 | - | €221k | €212k | €204k | €195k | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €48k | €43k | €41k | €35k | ▼ 14.2% |
| Furniture and vehicles24 | - | €24k | €23k | €144k | €118k | ▼ 18.3% |
| Other tangible fixed assets26 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €995k | €995k | €1.07M | €1.20M | €1.22M | ▲ 2.3% |
| Amounts receivable after more than one year29 | - | - | - | €313k | €463k | ▲ 48.0% |
| Other amounts receivable291 | - | - | - | €313k | €463k | ▲ 48.0% |
| Amounts receivable within one year40/41 | €30k | €30k | €29k | €21k | €16k | ▼ 23.7% |
| Trade receivables40 | - | €4k | €18k | €2k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €26k | €11k | €19k | €16k | ▼ 15.4% |
| Current investments50/53 | - | - | - | €59k | €61k | ▲ 3.4% |
| Cash at bank and in hand54/58 | €958k | €958k | €1.04M | €782k | €660k | ▼ 15.6% |
| Deferred charges and accrued income490/1 | - | €7k | €7k | €22k | €25k | ▲ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.28M | €1.29M | €1.35M | €1.59M | €1.57M | ▼ 0.8% |
| Equity10/15 | €1.05M | €1.09M | €1.16M | €1.22M | €1.33M | ▲ 9.1% |
| Contributions10/11 | - | €469k | €469k | €469k | €469k | = |
| Reserves13 | €545k | €585k | €658k | €710k | €820k | ▲ 15.6% |
| Non-distributable reserves130/1 | - | €47k | €47k | €0 | - | - |
| Reserves not available under the articles1311 | - | €47k | €47k | €0 | - | - |
| Distributable reserves133 | - | €538k | €611k | €710k | €820k | ▲ 15.6% |
| Profit (loss) carried forward14 | €32k | €32k | €35k | €37k | €37k | = |
| Provisions and deferred taxes16 | €30k | €43k | €58k | €54k | €47k | ▼ 13.5% |
| Provisions for liabilities and charges160/5 | - | €43k | €58k | €54k | €47k | ▼ 13.5% |
| Environmental obligations163 | - | €0 | - | - | - | - |
| Other liabilities and charges164/5 | - | €43k | €58k | €54k | €47k | ▼ 13.5% |
| Amounts payable17/49 | €208k | €160k | €132k | €317k | €201k | ▼ 36.7% |
| Amounts payable after more than one year17 | €95k | €60k | €37k | €111k | €61k | ▼ 45.0% |
| Financial debts170/4 | - | €60k | €37k | €111k | €61k | ▼ 45.0% |
| Amounts payable within one year42/48 | €113k | €100k | €96k | €203k | €140k | ▼ 31.4% |
| Current portion of amounts payable after more than one year42 | - | €34k | €24k | €59k | €50k | ▼ 15.5% |
| Trade debts44 | €6k | €10k | €1k | €7k | €9k | ▲ 24.3% |
| Suppliers440/4 | - | €10k | €1k | €7k | €9k | ▲ 24.3% |
| Taxes, remuneration and social security45 | - | €15k | €12k | €9k | €6k | ▼ 34.3% |
| Taxes450/3 | - | €6k | €6k | €0 | - | - |
| Remuneration and social security454/9 | - | €9k | €6k | €9k | €6k | ▼ 34.3% |
| Other amounts payable47/48 | - | €40k | €59k | €128k | €75k | ▼ 41.6% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €80k | €132k | €126k | €114k | ▼ 9.4% |
| + Depreciation and write-downs630 | €42k | €43k | €24k | €32k | €50k | ▲ 55.8% |
| Operating cash flow (approximation) | €86k | €124k | €157k | €158k | €164k | ▲ 3.8% |
| Investment in fixed assets (approximation) | - | €-50k | €-8k | €-143k | €-9k | ▲ 93.7% |
| Change in cash | - | €-563 | €79k | €-255k | €-122k | ▲ 52.1% |
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €132k ▲64.5%
Net result €132k, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €44k ▼64.3%
Net result drops to €44k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €1MEq €1.04M ▲13.5%
2 profitable years in a row build equity to €1.04M.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Braine-l'Alleud · 1 establishment unit since 1993
Ground area
2,621 m²
Building footprint
590 m²
Volume, LiDAR
7,466 m³
Parcel 25014N0295/00M000, Wallonia · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
Chaussée Bara 68, 1420 Braine-l'Alleud
since 19932.014.629.127
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014N0295/00M000 | Wallonia | 2,621 m² | 1 · 590 m² | 15.7 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300JS67DJVI276465
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Of 1,136 companies in sector 46130 we hold annual accounts for 646. 307 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
Founded10-02-1978
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
Scores and ratios are computed by Checked and are not a credit decision.