Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Cennox Managed Services from Vilvoorde, company number BE0759399340, closed financial year 2025 with a result of € -853,131 after tax. For that financial year Cennox Managed Services recorded revenue of € 25.3 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -554,666 to € -853,131. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 1.7 million
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -853,131
▼ 54 % more loss than in 2024
Profit after tax over the fiscal year.
€ 568,337
▲ 112% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -615,022.
People and assets in 2025
144.8
▲ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.1 million
▲ 9% vs 2024
€ 69,600 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
€ 1.8 million
▼ 18% vs 2024
Loans from banks and other lenders, long and short.
€ 8.9 million
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 187 days on average.
€ 1.4 million
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,622,334 | € 19,673,767 | € 22,803,768 | € 25,290,879 | ▲ 11% |
| Profit after taxes | € 590,255 | € 124,361 | € -554,666 | € -853,131 | ▼ € 298,465 |
| Equity | € 3,023,575 | € 3,147,936 | € 2,593,270 | € 1,740,139 | ▼ 33% |
| Total debts | € 3,888,576 | € 6,690,564 | € 8,562,339 | € 12,166,159 | ▲ 42% |
| Cash | € 141,024 | € 358,835 | € 268,467 | € 568,337 | ▲ 112% |
| Retained profit | € 668,414 | € 792,775 | € 238,109 | € -615,022 | ▼ € 853,131 |
| Bank debt | € 0 | € 1,000,000 | € 2,155,175 | € 1,765,109 | ▼ 18% |
| Balance sheet total | € 7,076,146 | € 9,851,773 | € 11,155,609 | € 13,906,298 | ▲ 25% |
| Employees (FTE) | 140.5 | 136.8 | 141.7 | 144.8 | ▲ 3.1 |
Key figures of Cennox Managed 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 Managed Services?
What happened at Cennox Managed Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Harish Nataraj stepped down as director. NBB
- Michael Goggans stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 853,131. filed late Source: NBB ↗
- Harish Nataraj became a director. NBB
- Michael Goggans became a director. NBB
- Nils Carl Anton Anderbrant became a director. NBB
- Ronald van Veenendaal became a director. NBB
- Frederiek De Prest became a director. NBB
In short
From € 590,255 profit in 2022 to € 853,131 loss in 2025.
Paid € 774,127 in corporate taxes since 2022.
Best year ever: 2022, with € 590,255 profit.
Pays suppliers within 187 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 stake of Cennox Cash Services comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Cennox Managed ServicesBehind Cennox Managed Services are Ronald van Veenendaal, Clive Nation, Frederiek De Prest, David Roy Dodd and Nils Carl Anton Anderbrant. The shares are held by Cennox Cash Services (100%).
Directors
According to the 2025 annual accounts
since 2023
Clive Nation
Director
since 2020
since 2021
David Roy Dodd
Director
since 2020
Nils Carl Anton Anderbrant
Director
since 2023
Harish Nataraj
Director
since 2025 · until 2031
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
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
- 0759.399.340
- VAT number
- BE 0759.399.340
- Registered office
- Radiatorenstraat 41, 1800 Vilvoorde
- Names & denominations
- Cennox Managed Services
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2020
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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