ACTIVE

CYDEX IMMO

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Financial year 2025 · closed on 31/12/2025
Net result
91,5 k €
+42.2% YoY
Gross margin
680,7 k €
+22.9% YoY
Equity
22 k €
-84.7% YoY
Workforce
9,0 ETP
-21.7% YoY

What does CYDEX IMMO do?

CYDEX IMMO is a Private limited company incorporated in 2008. Its main activity is: Real estate agencies. Its registered office is in Braine-l'Alleud. It employs on average 9,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0807.787.987
Incorporation
22/10/2008
Legal form
Private limited company
Registered office
Av Alph Allard 288
1420 Braine-l'Alleud · WallonieSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Average workforce
9,0 ETP
Activities (NACE)
68310Real estate agencies· main68311Real estate agencies70200Management consultancy activities70220Business and other management consultancy activities46150Agents involved in the sale of furniture, household goods, hardware and ironmongery46150Agents involved in the sale of furniture, household goods, hardware and ironmongery+4
Joint committees (1)
  • 323
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin680,7 k €554 k €384,1 k €908,3 k €522,1 k €264,7 k €362,1 k €225,7 k €244,4 k €130,7 k €
EBITDA194,8 k €169,1 k €-127,8 k €201,2 k €168,6 k €70,1 k €201,6 k €72,4 k €142,3 k €63,7 k €
Operating result141 k €86,9 k €-229,7 k €56 k €114,4 k €40,7 k €172,7 k €53,1 k €123,3 k €53,2 k €
Net result91,5 k €64,3 k €-260,2 k €3,5 k €54,3 k €16,5 k €108,8 k €15,8 k €65 k €26,1 k €
Balance sheet
Equity22 k €143,6 k €91,2 k €351,5 k €348 k €312,3 k €295,9 k €187,1 k €171,3 k €106,3 k €
Total assets1 M €1,7 M €1,3 M €1,5 M €1,3 M €1,1 M €641,3 k €431 k €504,2 k €516,6 k €
Cash377,9 k €895,6 k €589,3 k €704,1 k €809,4 k €681,5 k €475,6 k €304,7 k €383,8 k €448,3 k €
Debts998 k €1,6 M €1,2 M €1,1 M €954,1 k €745,5 k €345,5 k €243,9 k €332,8 k €410,3 k €
Other
Workforce9,0 ETP11,5 ETP13,0 ETP13,0 ETP9,3 ETP7,2 ETP6,1 ETP6,3 ETP4,3 ETP2,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Cédric Demaerschalk

Director

Active

Ended mandates

Cédric Demaerschalk

Director · since 30 mars 2016

Ended
DEMAERSCHALK CEDRIC

Manager

Ended
YVES DEMAERSCHALK

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months18 months12 months12 months
Filing date01/07/202630/08/202529/08/202423/08/202310/02/202201/02/2021
General meeting02/06/202629/08/202528/08/202430/06/202327/01/202228/01/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/06/202601/07/2026FrenchPDF
Abridged model31/12/202429/08/202530/08/2025FrenchPDF
Abridged model31/12/202328/08/202429/08/2024FrenchPDF
Abridged model31/12/202230/06/202323/08/2023FrenchPDF
Abridged model30/06/202127/01/202210/02/2022FrenchPDF
Abridged model30/06/202028/01/202101/02/2021FrenchPDF
Abridged model30/06/201909/12/201930/01/2020FrenchPDF
Abridged model30/06/201813/11/201809/01/2019FrenchPDF
Abridged model30/06/201707/11/201705/01/2018FrenchPDF
Abridged model30/06/201614/12/201621/12/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Cédric Demaerschalk

Director

Active

Ended mandates

Cédric Demaerschalk

Director · since 30 mars 2016

Ended
DEMAERSCHALK CEDRIC

Manager

Ended
YVES DEMAERSCHALK

Manager

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office28/11/2024
    SIEGE SOCIAL
    PDF
  • Mandates04/07/2022
    MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates04/01/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/01/2018
    DIVERS
    PDF
  • Capital / shares20/06/2016
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates12/12/2012
    DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates31/08/2011
    DEMISSIONS, NOMINATIONS
    PDF
  • Other26/11/2008
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202591,5 k €↑
  2. 2024
    Annual accounts 202464,3 k €↑
  3. 2023
    Annual accounts 2023-260,2 k €↓
  4. 2022
    Annual accounts 20223,5 k €↓
  5. 2021
    Annual accounts 202154,3 k €↑
  6. 2020
    Annual accounts 202016,5 k €↓
  7. 2019
    Annual accounts 2019108,8 k €↑
  8. 2018
    Annual accounts 201815,8 k €↓
  9. 2017
    Annual accounts 201765 k €↑
  10. 2016
    Annual accounts 201626,1 k €
  11. 22/10/2008
    IncorporationPrivate limited company