CIDEC
ActiveSummary
CIDEC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.62M and a net result of €210k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+11
Solvency44▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.04 in 2024; short-term debt: 79.8% and cash: 2.9% of total assets), and 81.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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
18.6%
Return on assets
2.4%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
32 d early
2023
37 d early
2022
40 d early
2021
44 d early
2020
36 d early
2019
17 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€210k▲ 68.6%
2024 · €124k
2019: €580khighest in 7 years
2020: €324k▼ -44.0% vs 2019
2021: €309k▼ -4.7% vs 2020
2022: €281k▼ -9.2% vs 2021
2023: €147k▼ -47.6% vs 2022
2024: €124k▼ -15.4% vs 2023lowest in 7 years
2025: €210k▲ +68.6% vs 2024
2019 → 2025
Working capital
€-6.69M▲ 3.8%
2024 · €-6.95M
2019: €-1.51Mhighest in 7 years
2020: €-2.09M▼ -37.9% vs 2019
2021: €-1.62M▲ +22.5% vs 2020
2022: €-4.70M▼ -191% vs 2021
2023: €-7.41M▼ -57.5% vs 2022lowest in 7 years
2024: €-6.95M▲ +6.1% vs 2023
2025: €-6.69M▲ +3.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€862k-€1.14M▲ 32.6%€1.29M▲ 12.9%€1.41M▲ 9.6%€1.62M▲ 14.8%
2021: €862klowest in 5 years
2022: €1.14M▲ +32.6% vs 2021
2023: €1.29M▲ +12.9% vs 2022
2024: €1.41M▲ +9.6% vs 2023
2025: €1.62M▲ +14.8% vs 2024highest in 5 years
Operating result€458k-€430k▼ 6.2%€478k▲ 11.3%€592k▲ 23.9%€582k▼ 1.8%
2021: €458k
2022: €430k▼ -6.2% vs 2021lowest in 5 years
2023: €478k▲ +11.3% vs 2022
2024: €592k▲ +23.9% vs 2023highest in 5 years
2025: €582k▼ -1.8% vs 2024
Net result€309k-€281k▼ 9.2%€147k▼ 47.6%€124k▼ 15.4%€210k▲ 68.6%
2021: €309khighest in 5 years
2022: €281k▼ -9.2% vs 2021
2023: €147k▼ -47.6% vs 2022
2024: €124k▼ -15.4% vs 2023lowest in 5 years
2025: €210k▲ +68.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.71M
Fixed assets
€8.44M ▼ 0.5%
Current assets
€267k ▼ 4.6%
Equity and liabilities €8.71M
Equity
€1.62M ▲ 14.8%
Debt
€7.09M ▼ 3.7%
Debt's share of the balance-sheet total falls from 83.9% to 81.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.10M▼
2024 · €1.11M
Cash flow
€726k▲
2024 · €643k
Current ratio
0.04▼
2024 · 0.04
Debt to equity
4.36▼
2024 · 5.20
ROE
12.9%▲
2024 · 8.8%
ROA
2.4%▲
2024 · 1.4%
Interest coverage
3.86▲
2024 · 2.71
Debt ≤ 1 year
€6.95M▼
2024 · €7.23M
Debt > 1 year
€3k=
2024 · €3k
Income taxes
€87k▲
2024 · €58k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.77M€8.71M▼
Fixed assets21/28€8.49M€8.44M▼
Tangible fixed assets22/27€8.48M€8.44M▼
Land and buildings22€8.33M€8.36M▲
Plant, machinery and equipment23€150k€71k▼
Financial fixed assets28€6k€6k=
Other financial fixed assets284/8€6k€6k=
Amounts receivable and cash guarantees285/8€6k€6k=
Current assets29/58€280k€267k▼
Amounts receivable within one year40/41€30k€17k▼
Trade receivables40€3k€4k▲
Other amounts receivable41€27k€14k▼
Cash at bank and in hand54/58€250k€250k=
Equity and liabilities
Total equity and liabilities10/49€8.77M€8.71M▼
Equity10/15€1.41M€1.62M▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€488k€488k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€482k€482k=
Profit (loss) carried forward14€863k€1.07M▲
Amounts payable17/49€7.35M€7.09M▼
Amounts payable after more than one year17€3k€3k=
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€7.23M€6.95M▼
Trade debts44€21k€854▼
Suppliers440/4€21k€854▼
Taxes, remuneration and social security45€11k€30k▲
Taxes450/3€11k€30k▲
Other amounts payable47/48€7.20M€6.92M▼
Accrued charges and deferred income492/3€119k€130k▲
Income statement
Code20242025
Operating income70/76A€1.26M€1.26M=
Other operating income74€1.26M€1.26M=
Operating charges60/66A€672k€682k▲
Services and other goods61€27k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€518k€516k▼
Other operating charges640/8€126k€148k▲
Operating profit (loss)9901€592k€582k▼
Financial charges65/66B€410k€285k▼
Recurring financial charges65€410k€285k▼
Debt charges650€409k€284k▼
Other financial charges652/9€621€623▲
Profit (loss) for the period before taxes9903€183k€297k▲
Income taxes67/77€58k€87k▲
Taxes670/3€58k€87k▲
Profit (loss) for the period9904€124k€210k▲
Profit (loss) for the period to be appropriated9905€124k€210k▲
Appropriation of the result
Profit (loss) to be appropriated9906€863k€1.07M▲
Profit (loss) brought forward from the previous period14P€739k€863k▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €769k | €786k | €888k | €1.26M | €1.26M | = |
| Other operating income74 | €769k | €786k | €888k | €1.26M | €1.26M | = |
| Operating charges60/66A | €311k | €356k | €409k | €672k | €682k | ▲ 1.6% |
| Services and other goods61 | €42k | €69k | €40k | €27k | €18k | ▼ 33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €182k | €179k | €262k | €518k | €516k | ▼ 0.4% |
| Other operating charges640/8 | €87k | €109k | €107k | €126k | €148k | ▲ 17.1% |
| Operating profit (loss)9901 | €458k | €430k | €478k | €592k | €582k | ▼ 1.8% |
| Financial charges65/66B | €17k | €46k | €259k | €410k | €285k | ▼ 30.5% |
| Recurring financial charges65 | €17k | €46k | €259k | €410k | €285k | ▼ 30.5% |
| Debt charges650 | €16k | €45k | €259k | €409k | €284k | ▼ 30.6% |
| Other financial charges652/9 | €458 | €863 | €610 | €621 | €623 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €441k | €383k | €219k | €183k | €297k | ▲ 62.8% |
| Income taxes67/77 | €132k | €103k | €72k | €58k | €87k | ▲ 50.2% |
| Taxes670/3 | €132k | €103k | €72k | €58k | €87k | ▲ 50.2% |
| Tax adjustments and reversals of tax provisions77 | - | €245 | - | - | - | - |
| Profit (loss) for the period9904 | €309k | €281k | €147k | €124k | €210k | ▲ 68.6% |
| Transfer from tax-exempt reserves789 | - | €124k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €309k | €405k | €147k | €124k | €210k | ▲ 68.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.49M | €6.12M | €9.00M | €8.77M | €8.71M | ▼ 0.7% |
| Fixed assets21/28 | €2.48M | €5.86M | €8.73M | €8.49M | €8.44M | ▼ 0.5% |
| Tangible fixed assets22/27 | €2.48M | €5.85M | €8.73M | €8.48M | €8.44M | ▼ 0.5% |
| Land and buildings22 | €2.08M | €1.98M | €8.50M | €8.33M | €8.36M | ▲ 0.4% |
| Plant, machinery and equipment23 | €398k | €314k | €231k | €150k | €71k | ▼ 52.7% |
| Furniture and vehicles24 | €763 | €166 | - | - | - | - |
| Assets under construction and advance payments27 | - | €3.55M | - | - | - | - |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €6k | = |
| Other financial fixed assets284/8 | €6k | €6k | €6k | €6k | €6k | = |
| Amounts receivable and cash guarantees285/8 | €6k | €6k | €6k | €6k | €6k | = |
| Current assets29/58 | €6k | €257k | €264k | €280k | €267k | ▼ 4.6% |
| Amounts receivable within one year40/41 | €6k | €7k | €14k | €30k | €17k | ▼ 42.8% |
| Trade receivables40 | €3k | €3k | €3k | €3k | €4k | ▲ 5.9% |
| Other amounts receivable41 | €2k | €4k | €10k | €27k | €14k | ▼ 49.0% |
| Cash at bank and in hand54/58 | - | €250k | €250k | €250k | €250k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.49M | €6.12M | €9.00M | €8.77M | €8.71M | ▼ 0.7% |
| Equity10/15 | €862k | €1.14M | €1.29M | €1.41M | €1.62M | ▲ 14.8% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €488k | €488k | €488k | €488k | €488k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €124k | - | - | - | - | - |
| Distributable reserves133 | €358k | €482k | €482k | €482k | €482k | = |
| Profit (loss) carried forward14 | €311k | €592k | €739k | €863k | €1.07M | ▲ 24.3% |
| Amounts payable17/49 | €1.63M | €4.97M | €7.71M | €7.35M | €7.09M | ▼ 3.7% |
| Amounts payable after more than one year17 | €3k | €3k | €3k | €3k | €3k | = |
| Other amounts payable178/9 | €3k | €3k | €3k | €3k | €3k | = |
| Amounts payable within one year42/48 | €1.62M | €4.96M | €7.67M | €7.23M | €6.95M | ▼ 3.9% |
| Trade debts44 | €5k | €585k | €45k | €21k | €854 | ▼ 95.9% |
| Suppliers440/4 | €5k | €585k | €45k | €21k | €854 | ▼ 95.9% |
| Taxes, remuneration and social security45 | €20k | €3k | €6k | €11k | €30k | ▲ 166% |
| Taxes450/3 | €20k | €3k | €6k | €11k | €30k | ▲ 166% |
| Other amounts payable47/48 | €1.60M | €4.37M | €7.62M | €7.20M | €6.92M | ▼ 3.9% |
| Accrued charges and deferred income492/3 | €2k | €11k | €36k | €119k | €130k | ▲ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €309k | €281k | €147k | €124k | €210k | ▲ 68.6% |
| + Depreciation and write-downs630 | €182k | €179k | €262k | €518k | €516k | ▼ 0.4% |
| Operating cash flow (approximation) | €491k | €460k | €409k | €643k | €726k | ▲ 13.0% |
| Investment in fixed assets (approximation) | - | €-3.55M | €-3.14M | €-270k | €-470k | ▼ 74.0% |
| Change in cash | - | - | €0 | €0 | €0 | - |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €124k ▼15.4%
Net result drops to €124k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.14M ▲32.6%
4 profitable years in a row build equity to €1.14M.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 392 days late
18-01
State Gazette act
General meeting · Capital decrease
Capital · Statutes amendment
2015
21-05
State Gazette act
Board meeting · Demerger
Accounting effect · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Harelbeke · 1 establishment unit since 1990
Ground area
4.5 ha
Building footprint
8,862 m²
Volume, LiDAR
58,483 m³
Parcel 34004B0514/00B000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CIDEC
since 19902.050.605.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004B0514/00B000 | Flanders | 4.5 ha | 1 · 8,862 m² | 9.0 m · 2 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.
Structure & network
Acquisitions and mergers
1 transactionSplit off to:GROEP V
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,809 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.