C.E.R.
ActiveSummary
C.E.R. has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€187,255) and a net result of €684. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 5% of 13,660 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €713 after a loss of €279 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 3,794 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.5% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,794 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,542 | €1,542 | €408 | €408 | €408 | €279 | €47 | ▼ 83.3% |
| Other operating charges640/8 | - | - | - | - | - | - | €387 | - |
| Gross operating margin9900 | -€614 | - | - | - | €2,000 | - | €1,147 | - |
| Operating profit (loss)9901 | -€2,157 | -€1,542 | -€408 | -€408 | €1,592 | -€279 | €713 | - |
| Financial charges65/66B | - | - | - | €30 | €24 | €24 | €29 | ▲ 18.8% |
| Recurring financial charges65 | €21 | €23 | €32 | €30 | €24 | €24 | €29 | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | -€2,178 | -€1,566 | -€440 | -€438 | €1,568 | -€303 | €684 | - |
| Profit (loss) for the period9904 | -€2,178 | -€1,566 | -€440 | -€438 | €1,568 | -€303 | €684 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,178 | -€1,566 | -€440 | -€438 | €1,568 | -€303 | €684 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5,772 | €4,231 | €3,814 | €3,406 | €4,998 | €4,719 | €4,659 | ▼ 1.3% |
| Fixed assets21/28 | €3,092 | €1,549 | €1,141 | €733 | €326 | €47 | - | - |
| Tangible fixed assets22/27 | €3,092 | €1,549 | €1,141 | €733 | €326 | €47 | - | - |
| Land and buildings22 | - | - | - | €733 | €326 | €47 | - | - |
| Current assets29/58 | €2,680 | €2,681 | €2,673 | €2,673 | €4,673 | €4,673 | €4,659 | ▼ 0.3% |
| Amounts receivable within one year40/41 | €2,677 | €2,677 | €2,673 | €2,673 | €4,673 | €4,673 | €3,928 | ▼ 15.9% |
| Trade receivables40 | - | - | - | - | €2,420 | €2,420 | €2,420 | = |
| Other amounts receivable41 | - | - | - | €2,673 | €2,253 | €2,253 | €1,508 | ▼ 33.1% |
| Cash at bank and in hand54/58 | €3 | €4 | - | - | - | - | €731 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5,772 | €4,231 | €3,814 | €3,406 | €4,998 | €4,719 | €4,659 | ▼ 1.3% |
| Equity10/15 | -€186,761 | -€188,326 | -€188,766 | -€189,204 | -€187,636 | -€187,939 | -€187,255 | ▲ 0.4% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€205,361 | -€206,926 | -€207,366 | -€207,804 | -€206,236 | -€206,539 | -€205,855 | ▲ 0.3% |
| Amounts payable17/49 | €192,533 | €192,557 | €192,580 | €192,610 | €192,634 | €192,658 | €191,913 | ▼ 0.4% |
| Amounts payable within one year42/48 | €192,533 | €192,557 | €192,580 | €192,610 | €192,634 | €192,658 | €191,913 | ▼ 0.4% |
| Other amounts payable47/48 | - | - | - | €192,610 | €192,634 | €192,658 | €191,913 | ▼ 0.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,178 | -€1,566 | -€440 | -€438 | €1,568 | -€303 | €684 | - |
| + Depreciation and write-downs630 | €1,542 | €1,542 | €408 | €408 | €408 | €279 | €47 | ▼ 83.3% |
| Operating cash flow (approximation) | -€635 | -€23 | -€32 | -€30 | €1,976 | -€24 | €731 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - | - |
| Change in cash | - | €1 | - | - | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 18-12-2025 | 2025-00587691 |
| 30-06-2024 | micro format | 18-12-2024 | 2024-00622463 |
| 30-06-2023 | micro format | 21-12-2023 | 2023-00536379 |
| 30-06-2022 | micro format | 20-12-2022 | 2022-20542876 |
| 30-06-2021 | micro format | 15-12-2021 | 2021-80500146 |
| 30-06-2020 | micro format | 11-02-2021 | 2021-05400404 |
| 30-06-2019 | micro format | 15-01-2020 | 2020-01700177 |
| 30-06-2018 | micro format | 21-12-2018 | 2018-75600589 |
| 30-06-2017 | micro format | 15-12-2017 | 2017-72100465 |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-71400324 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.