Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Cennox Cash Services from Vilvoorde, company number BE0435463880, closed financial year 2025 with a result of € -297,767 after tax. For that financial year Cennox Cash Services recorded revenue of € 1.2 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € -172,750 to € -297,767. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 4.1 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -297,767
▼ 72 % more loss than in 2024
Profit after tax over the fiscal year.
€ 88,131
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.5 million.
People and assets in 2025
34.8
▲ 4.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 25% vs 2024
€ 63,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 3.2 million
▲ 169% vs 2024
€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.1 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 200 days on average.
€ 145,941
▼ 59% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,533,190 | € 3,345,269 | € 2,328,645 | € 1,236,088 | ▼ 47% |
| Profit after taxes | € 41,822 | € -33,793 | € -172,750 | € -297,767 | ▼ € 125,018 |
| Equity | € 4,647,719 | € 4,613,926 | € 4,441,176 | € 4,143,409 | ▼ 7% |
| Total debts | € 3,477,937 | € 3,694,284 | € 3,372,151 | € 5,503,329 | ▲ 63% |
| Cash | € 139,506 | € 112,876 | € 87,641 | € 88,131 | ▲ 1% |
| Retained profit | € 4,033,007 | € 3,999,214 | € 3,826,464 | € 3,528,697 | ▼ 8% |
| Bank debt | € 1,814,375 | € 1,814,375 | € 1,205,276 | € 3,246,963 | ▲ 169% |
| Balance sheet total | € 8,125,657 | € 8,308,210 | € 7,813,327 | € 9,646,738 | ▲ 23% |
| Employees (FTE) | 42.2 | 38.3 | 30.2 | 34.8 | ▲ 4.6 |
Key figures of Cennox Cash Services, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Cennox Cash Services?
What happened at Cennox Cash Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michael Goggans stepped down as director. NBB
- Harish Nataraj stepped down as director. NBB
- Ronald van Veenendaal stepped down as director. NBB
- Frederiek De Prest stepped down as director. NBB
- Clive Nation stepped down as director. NBB
- David Roy Dodd stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 297,767. filed late Source: NBB ↗
- Michael Goggans became a director. NBB
In short
From € 41,822 profit in 2022 to € 297,767 loss in 2025.
Paid € 150,736 in corporate taxes since 2022.
Best year ever: 2022, with € 41,822 profit.
Pays suppliers within 200 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Cennox nv (100%). It owns 100% of Cennox Managed Services itself.
Directors
According to the 2025 annual accounts
Clive Nation
Director
since 2020 · until 2026
since 2023 · until 2028
Frederiek De Prest
Chairman of the board
Also active at: Cennox Managed Services, MOBILE ME CONSULTING
since 2021 · until 2027
since 2025 · until 2031
David Roy Dodd
Director
since 2020 · until 2026
Harish Nataraj
Director
since 2025 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Radiatorenstraat 41
1800 Vilvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.463.880
- VAT number
- BE 0435.463.880
- Registered office
- Radiatorenstraat 41, 1800 Vilvoorde
- Names & denominations
- Cennox Cash Services
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 September 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Opsporings- en particuliere beveiligingsdiensten
Particuliere beveiliging
Beveiligingsactiviteiten, neg
Diensten in verband met beveiligingssystemen