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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
The Cedar Fund from Zele, company number BE0847067841, closed financial year 2024 with a result of € -45,667 after tax. For that financial year The Cedar Fund recorded a gross margin of € -4,957 and equity of € -208,122. Compared with financial year 2023, the result moved from € -66,490 to € -45,667. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 19, 2025.
€ -208,122
▼ € 45,667 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,667
▲ 31 % less loss than in 2023
Profit after tax over the fiscal year.
€ 3,461
▲ € 2,940 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -410,122.
Debts at end 2024
€ 831,919
▲ 36% vs 2023
Loans from banks and other lenders, long and short.
€ 1,040
▼ 58% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 44,104 | € 32,852 | € -7,297 | € -4,957 | ▲ € 2,340 |
| Profit after taxes | € 885 | € -92,953 | € -66,490 | € -45,667 | ▲ € 20,823 |
| Equity | € -3,011 | € -95,964 | € -162,455 | € -208,122 | ▼ € 45,667 |
| Total debts | € 797,853 | € 906,022 | € 810,721 | € 836,218 | ▲ 3% |
| Cash | € 657 | € 751 | € 520 | € 3,461 | ▲ € 2,940 |
| Land & buildings | € 555,482 | € 670,856 | € 647,746 | € 624,636 | ▼ 4% |
| Retained profit | € -205,011 | € -297,964 | € -364,455 | € -410,122 | ▼ € 45,667 |
| Bank debt | € 658,277 | € 633,919 | € 609,791 | € 831,919 | ▲ 36% |
| Balance sheet total | € 794,841 | € 810,058 | € 648,266 | € 628,097 | ▼ 3% |
Key figures of The Cedar Fund, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to The Cedar Fund?
What happened at The Cedar Fund in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 45,667. Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 885 profit in 2021 to € 45,667 loss in 2024.
Best year ever: 2021, with € 885 profit.
A new publication or filing at The Cedar Fund? 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 The Cedar Fund are Dirk Ameel, Marc Van den Steen, Jean Vercruysse and Stefaan Vandooren. Dirk Ameel is also behind Wijkgezondheidscentrum De Central. Marc Van den Steen is also behind HEALTHY GROWTH. Jean Vercruysse is also behind EFFIC.
Directors
According to the 2024 annual accounts
Stefaan Vandooren
Chairman of the board
Establishments
Establishment units
Physical locations of this company
Wezepoelstraat 120
9240 Zele
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0847.067.841
- VAT number
- BE 0847.067.841
- Registered office
- Wezepoelstraat 120, 9240 Zele
- Names & denominations
- The Cedar Fund
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2012
- Peppol
- Active · Active since 31 Dec 2025