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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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Cetex Sud from Lebbeke, company number BE0560708993, closed financial year 2025 with a result of € 197,540 after tax. For that financial year Cetex Sud recorded revenue of € 11.5 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 182,582 to € 197,540. 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 10, 2026.
€ 1.2 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 197,540
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 151,773
▲ 6% 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 € 1 million.
People and assets in 2025
24.9
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 3% vs 2024
€ 67,500 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.
€ 17,592
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 248,839
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 10 days on average.
€ 376,075
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,643,485 | € 9,677,374 | € 11,024,611 | € 11,467,039 | ▲ 4% |
| Profit after taxes | € 100,651 | € 159,475 | € 182,582 | € 197,540 | ▲ 8% |
| Equity | € 1,505,885 | € 1,665,360 | € 1,015,942 | € 1,213,482 | ▲ 19% |
| Total debts | € 712,783 | € 1,102,807 | € 1,188,543 | € 1,304,234 | ▲ 10% |
| Cash | € 68,282 | € 116,268 | € 142,963 | € 151,773 | ▲ 6% |
| Retained profit | € 1,305,885 | € 1,465,360 | € 815,942 | € 1,013,482 | ▲ 24% |
| Dividend | € 0 | € 0 | € 832,000 | € 0 | ▼ 100% |
| Balance sheet total | € 2,218,669 | € 2,768,168 | € 2,204,485 | € 2,517,716 | ▲ 14% |
| Employees (FTE) | 23.8 | 24.4 | 24.2 | 24.9 | ▲ 0.7 |
Key figures of Cetex Sud, 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 Cetex Sud?
What happened at Cetex Sud in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 197,540 (▲ 8% vs 2024). filed late Source: NBB ↗
- Fashion44 BV stepped down as director. NBB
- Matho BV stepped down as director. NBB
- New establishment in Sint-Niklaas. KBO
- New establishment in Turnhout. KBO
- Fashion44 BV became a director. NBB
- Matho BV became a director. NBB
- New establishment in Aalst. KBO
In short
From € 100,651 profit in 2022 to € 197,540 profit in 2025.
Paid € 299,197 in corporate taxes since 2022.
Best year ever: 2025, with € 197,540 profit.
Paid out € 832,000 in dividends to the owners in total.
Management
The stake of FASHION44 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Cetex SudThe shares are held by FASHION44 (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by ANN-CHRISTINE Bouckaert
Also active at: Caroline, CETEX NOORD
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kouterbaan 44
9280 Lebbeke
Chaussée de Bruxelles 236
1410 Waterloo
Active since 30 July 2014
Rue du Pot-d'Or 14
4000 Liège
Active since 30 July 2014
Rue Saint-Jacques 15
5000 Namur
Active since 30 July 2014
Sint-Lambertusstraat 200
1200 Sint-Lambrechts-Woluwe
Active since 30 July 2014
Louizalaan 21-21A
1050 Elsene
Active since 30 July 2014
Kattestraat 45-47
9300 Aalst
Active since 1 January 2018
Kapelstraat 100
9100 Sint-Niklaas
Active since 22 June 2021
Gasthuisstraat 1
2300 Turnhout
Active since 22 June 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Caroline same network
€ 26.9 million revenue · 2025
CETEX NOORD same network
€ 12.6 million revenue · 2025
IMMOCEL same network
€ 1.9 million revenue · 2025
FASHION44 same network
€ 1.4 million revenue · 2025
IMMO44 same network
€ 437,239 revenue · 2025
+1 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
- 0560.708.993
- VAT number
- BE 0560.708.993
- Registered office
- Kouterbaan 44, 9280 Lebbeke
- Names & denominations
- Cetex Sud
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 August 2014
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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