CIMAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €614k and a net result of €59k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 5523 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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
2 d early
2023
29 d late
2022
on the day
2021
16 d late
2020
32 d late
2019
on the day
← 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 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€614k▲ 10.6%
2024 · €555k
2019: €435k
2020: €462k
2021: €473k
2022: €463k
2023: €541k
2024: €555k
2019 → 2025
Net result
€59k▲ 325%
2024 · €14k
2019: €137k
2020: €50k
2021: €27k
2022: €-10k
2023: €78k
2024: €14k
2019 → 2025
Total assets
€1.91M▼ 1.0%
2024 · €1.93M
2019: €1.05M
2020: €1.04M
2021: €1.36M
2022: €1.68M
2023: €1.75M
2024: €1.93M
2019 → 2025
Solvency
32.1%▲ 3.4pp
2024 · 28.8%
2019: 41.5%
2020: 44.3%
2021: 34.8%
2022: 27.5%
2023: 31.0%
2024: 28.8%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€473k-€463k▼ 2.1%€541k▲ 16.8%€555k▲ 2.6%€614k▲ 10.6%
Operating result€34k-€-8k€89k€38k▼ 57.4%€114k▲ 202%
Net result€27k-€-10k€78k€14k▼ 82.2%€59k▲ 325%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 202% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.91M
Fixed assets
€1.33M▼ 2.7%
Current assets
€581k▲ 3.3%
Equity and liabilities €1.91M
Equity
€614k▲ 10.6%
Provisions
€24k▼ 15.9%
Debt
€1.27M▼ 5.4%
The debt ratio falls from 69.7% to 66.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
32.1%▲
2024 · 28.8%
ROE
9.6%▲
2024 · 2.5%
ROA
3.1%▲
2024 · 0.7%
Debt
€1.27M▼
2024 · €1.34M
Debt ≤ 1 year
€241k▼
2024 · €241k
Debt > 1 year
€1.02M▼
2024 · €1.09M
Income taxes
€34k▲
2024 · €7k
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€1.93M€1.91M▼
Fixed assets21/28€1.36M€1.33M▼
Tangible fixed assets22/27€1.36M€1.33M▼
Land and buildings22€1.36M€1.30M▼
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€4k€28k▲
Current assets29/58€563k€581k▲
Amounts receivable within one year40/41€430k€206k▼
Trade receivables40-€11k
Other amounts receivable41€430k€195k▼
Current investments50/53-€59k
Cash at bank and in hand54/58€129k€315k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.93M€1.91M▼
Equity10/15€555k€614k▲
Contributions10/11€8k€8k=
Reserves13€547k€605k▲
Tax-exempt reserves132€85k€74k▼
Distributable reserves133€462k€532k▲
Provisions and deferred taxes16€29k€24k▼
Deferred taxes168€29k€24k▼
Amounts payable17/49€1.34M€1.27M▼
Amounts payable after more than one year17€1.09M€1.02M▼
Financial debts170/4€1.09M€1.02M▼
Amounts payable within one year42/48€241k€241k▼
Current portion of amounts payable after more than one year42€73k€74k▲
Financial debts43€6k€8k▲
Credit institutions430/8€6k€8k▲
Trade debts44€1k€448▼
Suppliers440/4€1k€448▼
Advances received on contracts in progress46€11k€0▼
Taxes, remuneration and social security45€115€16k▲
Taxes450/3€115€16k▲
Other amounts payable47/48€150k€141k▼
Accrued charges and deferred income492/3€10k€12k▲
Income statement
Code20242025
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€79k▼
Other operating charges640/8€2k€6k▲
Gross operating margin9900€163k€199k▲
Operating profit (loss)9901€38k€114k▲
Financial income75/76B€12k€8k▼
Recurring financial income75€12k€8k▼
Financial charges65/66B€33k€34k▲
Recurring financial charges65€33k€34k▲
Profit (loss) for the period before taxes9903€16k€88k▲
Transfer from deferred taxes780€5k€5k▼
Income taxes67/77€7k€34k▲
Profit (loss) for the period9904€14k€59k▲
Transfer from tax-exempt reserves789€11k€11k▼
Profit (loss) for the period to be appropriated9905€25k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€70k▲
Transfer to equity691/2€25k€70k▲
To other reserves6921€25k€70k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 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 · abbreviated schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
30-06
Financial
Equity above €500kEq €541k ▲16.8%
Equity rises from €463k to €541k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-10k ▼137%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 2005
Ground area
869 m²
Building footprint
230 m²
Volume, LiDAR
211 m³
Parcel 34016C0312/00B005, Flanders · tallest building 9.4 m. Linked by address, not a title deed.
1 establishment unit
VERZEKERINGSKANTOOR BRAM DEROO
since 20052.149.126.060
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0312/00B005 | Flanders | 869 m² | 1 · 230 m² | 9.3 m |
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 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,474 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2005
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.