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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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CEDALEX from Elsene, company number BE0476304939, closed financial year 2025 with a result of € 809,939 after tax. For that financial year CEDALEX recorded a gross margin of € 43,290 and equity of € 21.3 million. Compared with financial year 2024, the result moved from € 700,571 to € 809,939. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 21.3 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 809,939
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 206,247
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 11 million.
Debts at end 2025
€ 725,877
▼ 5% vs 2024
€ 41,355 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 1,487
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -24,680 | € -63,482 | € -49,805 | € 43,290 | ▲ € 93,094 |
| Profit after taxes | € -44,584 | € -261,065 | € 700,571 | € 809,939 | ▲ 16% |
| Equity | € 20,045,331 | € 19,784,266 | € 20,484,837 | € 21,294,776 | ▲ 4% |
| Total debts | € 1,451,066 | € 2,662,929 | € 2,767,151 | € 1,172,302 | ▼ 58% |
| Cash | € 583,329 | € 266,221 | € 324,997 | € 206,247 | ▼ 37% |
| Land & buildings | € 107,800 | € 1,188,205 | € 1,154,319 | € 1,120,433 | ▼ 3% |
| Retained profit | € 9,794,331 | € 9,533,266 | € 10,233,837 | € 11,043,776 | ▲ 8% |
| Bank debt | € 116,266 | € 806,964 | € 765,367 | € 725,877 | ▼ 5% |
| Balance sheet total | € 21,496,397 | € 22,447,195 | € 23,251,988 | € 22,467,078 | ▼ 3% |
Key figures of CEDALEX, 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 CEDALEX?
What happened at CEDALEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 809,939 (▲ 16% vs 2024). filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 44,584 loss in 2022 to € 809,939 profit in 2025.
Paid € 1,468 in corporate taxes since 2022.
Best year ever: 2025, with € 809,939 profit.
A new publication or filing at CEDALEX? We notify you, reason included.
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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
Behind CEDALEX is Philippe GINESTET. It owns 99% of CARINVEST SARL, 99% of TOISON INVESTISSEMENTS, 99% of ORINVEST, 99% of OLIPIERRE HOLDING, 99% of TOISOR PROPERTY and 95% of GINVEST itself.
Directors
According to the 2025 annual accounts
Philippe GINESTET
Director
Also active at: TOISON INVESTISSEMENTS, TOISOR PROPERTY, ORINVEST, OLIPIERRE HOLDING, GINVEST, XL GESTION, XL INVESTISSEMENTS
Establishments
Establishment units
Physical locations of this company
Gulden-Vlieslaan 23 box 1
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Soconet
Infotecha
TOISON INVESTISSEMENTS same network
€ -2,635 gross margin · 2025
TOISOR PROPERTY same network
€ -2,635 gross margin · 2025
ORINVEST same network
€ -2,635 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.304.939
- VAT number
- BE 0476.304.939
- Registered office
- Gulden-Vlieslaan 23 bus 1, 1050 Elsene
- Names & denominations
- CEDALEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2001
- Peppol
- Not registered