Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 13 to 9.
Financials
Financial year 2025
CYDEX IMMO from Braine-l'Alleud, company number BE0807787987, closed financial year 2025 with a result of € 91,452 after tax. For that financial year CYDEX IMMO recorded a gross margin of € 680,675 and equity of € 22,000. Compared with financial year 2024, the result moved from € 64,322 to € 91,452. Profitable, and profit is growing. The buffer shrank hard: equity is 85 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 22,000
▼ 85% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 91,452
▲ 42% vs 2024
Profit after tax over the fiscal year.
€ 377,948
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 213,018 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
9
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 396,512
▲ 8% vs 2024
€ 44,100 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.
€ 46,820
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 193,832
▼ 47% vs 2024
€ 91,819 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 44,013
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,981
▼ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 908,259 | € 384,150 | € 553,973 | € 680,675 | ▲ 23% |
| Profit after taxes | € 3,486 | € -260,235 | € 64,322 | € 91,452 | ▲ 42% |
| Equity | € 351,479 | € 91,244 | € 143,567 | € 22,000 | ▼ 85% |
| Total debts | € 1,138,674 | € 1,196,362 | € 1,558,123 | € 998,034 | ▼ 36% |
| Cash | € 704,112 | € 589,286 | € 895,561 | € 377,948 | ▼ 58% |
| Land & buildings | € 134,710 | € 127,002 | € 79,497 | € 26,049 | ▼ 67% |
| Retained profit | € 331,479 | € 71,244 | € 123,567 | € 2,000 | ▼ 98% |
| Dividend | € 0 | € 0 | € 12,000 | € 213,018 | ▲ € 201,018 |
| Bank debt | € 395,902 | € 564,026 | € 366,922 | € 193,832 | ▼ 47% |
| Balance sheet total | € 1,490,152 | € 1,287,606 | € 1,701,690 | € 1,020,034 | ▼ 40% |
| Employees (FTE) | 13 | 13 | 11.5 | 9 | ▼ 2.5 |
Key figures of CYDEX IMMO, 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 CYDEX IMMO?
What happened at CYDEX IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 91,452 (▲ 42% vs 2024). Source: NBB ↗
- New establishment in Waterloo. KBO
- New establishment in Tubize. KBO
- New establishment in Nivelles. KBO
- New establishment in Genappe. KBO
- New establishment in Braine-le-Château. KBO
- New establishment in Braine-l'Alleud. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 3,486 profit in 2022 to € 91,452 profit in 2025.
Paid € 62,092 in corporate taxes since 2022.
Best year ever: 2025, with € 91,452 profit.
On average € 75,600 of value added per employee in 2025.
Management
The stake of CEDISY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CYDEX IMMOBehind CYDEX IMMO is Cédric Demaerschalk. The shares are held by CEDISY.
Directors
According to the 2025 annual accounts
Cédric Demaerschalk
Director
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Av Alph Allard 288
1420 Braine-l'Alleud
Chaussée de Bruxelles 2
1470 Genappe
Active since 1 October 2019
Rue de Tubize 5 box 2
1440 Braine-le-Château
Active since 1 February 2017
Boulevard Georges Deryck 2
1480 Tubize
Active since 1 December 2022
Chaussée de Namur 67D
1400 Nivelles
Active since 22 January 2021
Chaussée de Bruxelles 402 box 5
1410 Waterloo
Active since 31 March 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- RAINERI Véronique(associée commanditaire) 40%
- DEMAERSCHALK Yves(associé commandité et associé gérant) 40%
- DEMAERSCHALK Cédric(associé commandité et associé gérant) 20%
Details
- Company number
- 0807.787.987
- VAT number
- BE 0807.787.987
- Registered office
- Av Alph Allard 288, 1420 Braine-l'Alleud
- Names & denominations
- CYDEX IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 2008
- Peppol
- Active · Active since 31 Oct 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren
Handelsbemiddeling in de niet-gespecialiseerde groothandel