Summary
CEMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €61,757 and a net result of €993. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 78% of 1,848 sector peers (NACE 66, financial year 2025). The company has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#6 oldest company in Berlaar, Finance and insurance sector
Equity
€61,757▲ 1.6%
2024 · €60,764
Net result
€993▼ 96.0%
2024 · €24,570
Total assets
€84,756▲ 15.3%
2024 · €73,488
Solvency
72.9%▼ 9.8pp
2024 · 82.7%
Trend over the years
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €280 after €39,887 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€280
2025
Net result€993
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€84,756
2025
Equity€61,757
2025
Debt€22,999
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€58,231
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency72.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.53
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220242025
Operating result€97,641-€134,919▲ 38.2%€153,092▲ 13.5%€144,297▼ 5.7%€141,802▼ 1.7%€39,887--€280
Net result€60,117-€100,619▲ 67.4%€105,900within the sector's middle half▲ 5.2%€102,132within the sector's middle half▼ 3.6%€100,524within the sector's middle half▼ 1.6%€24,570within the sector's middle half-€993below the sector's middle half▼ 96.0%
Equity€522,270-€622,890▲ 19.3%€730,372above the sector's middle half▲ 17.3%€832,504above the sector's middle half▲ 14.0%€933,028above the sector's middle half▲ 12.1%€60,764below the sector's middle half-€61,757below the sector's middle half▲ 1.6%
Total assets€539,423-€655,520▲ 21.5%€774,748within the sector's middle half▲ 18.2%€873,076within the sector's middle half▲ 12.7%€956,157within the sector's middle half▲ 9.5%€73,488below the sector's middle half-€84,756below the sector's middle half▲ 15.3%
Debt€17,152-€24,253▲ 41.4%€39,251▲ 61.8%€37,273▼ 5.0%€23,128▼ 37.9%€12,724-€22,999▲ 80.8%
Working capital€256,131-€357,033▲ 39.4%€478,837above the sector's middle half▲ 34.1%€599,505above the sector's middle half▲ 25.2%€661,778above the sector's middle half▲ 10.4%€58,123within the sector's middle half-€58,231within the sector's middle half▲ 0.2%
Solvency96.8%-95.0%▼ 1.8pp94.3%above the sector's middle half▼ 0.7pp95.4%above the sector's middle half▲ 1.1pp97.6%above the sector's middle half▲ 2.2pp82.7%above the sector's middle half-72.9%above the sector's middle half▼ 9.8pp
Current ratio15.93-15.72▼ 0.2113.20above the sector's middle half▼ 2.5217.08above the sector's middle half▲ 3.8829.61above the sector's middle half▲ 12.535.57above the sector's middle half-3.53above the sector's middle half▼ 2.04
Return on assets (ROA)11.1%-15.3%▲ 4.2pp13.7%within the sector's middle half▼ 1.7pp11.7%within the sector's middle half▼ 2.0pp10.5%within the sector's middle half▼ 1.2pp33.4%above the sector's middle half-1.2%below the sector's middle half▼ 32.3pp
Staff (FTE)0.4-0.1▼ 75.0%0.1below the sector's middle half=0.2below the sector's middle half▲ 100%0.1below the sector's middle half▼ 50.0%1below the sector's middle half-
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,756
Fixed assets
€3,538 ▲ 33.3%
Current assets
€81,218 ▲ 14.7%
Equity and liabilities €84,756
Equity
€61,757 ▲ 1.6%
Debt
€22,999 ▲ 80.8%
Debt's share of the balance-sheet total rises from 17.3% to 27.1%. Equity and debt are higher.
Key figures and ratios
ROE
1.6%▼
2024 · 40.4%
Debt ≤ 1 year
€22,987▲
2024 · €12,712
Income taxes
-€1,103▼
2024 · €15,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €168,929 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €4,291 | €2,211 | €60,395 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,907 | €24,703 | €20,722 | €21,061 | €28,147 | €1,716 | €1,644 | ▼ 4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €80 | - | - |
| Other operating charges640/8 | - | - | - | €146 | €726 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €126,687 | €169,951 | €175,473 | €169,794 | €172,886 | €102,196 | €1,484 | ▼ 98.5% |
| Operating profit (loss)9901 | €97,641 | €134,919 | €153,092 | €144,297 | €141,802 | €39,887 | -€280 | - |
| Financial income75/76B | - | - | - | €4,498 | €4,671 | €817 | €406 | ▼ 50.3% |
| Recurring financial income75 | €723 | €1,289 | €2,001 | €4,498 | €4,671 | €817 | €406 | ▼ 50.3% |
| Financial charges65/66B | - | - | - | €211 | €207 | €244 | €236 | ▼ 3.4% |
| Recurring financial charges65 | €12,966 | -€3,564 | €241 | €211 | €207 | €244 | €236 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €85,398 | €139,771 | €154,852 | €148,583 | €146,266 | €40,460 | -€110 | - |
| Transfer from deferred taxes780 | - | - | - | €1,826 | €3,299 | - | - | - |
| Income taxes67/77 | €25,281 | €30,775 | €50,622 | €48,277 | €49,041 | €15,890 | -€1,103 | - |
| Profit (loss) for the period9904 | €60,117 | €100,619 | €105,900 | €102,132 | €100,524 | €24,570 | €993 | ▼ 96.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €7,319 | €11,038 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €60,117 | €80,676 | €110,911 | €109,451 | €111,562 | €24,570 | €993 | ▼ 96.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €539,423 | €655,520 | €774,748 | €873,076 | €956,157 | €73,488 | €84,756 | ▲ 15.3% |
| Fixed assets21/28 | €266,140 | €274,234 | €256,661 | €236,298 | €271,251 | €2,654 | €3,538 | ▲ 33.3% |
| Intangible fixed assets21 | €3,558 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €262,581 | €274,234 | €256,661 | €236,298 | €271,251 | €2,654 | €3,538 | ▲ 33.3% |
| Land and buildings22 | - | - | - | €212,749 | €205,851 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €628 | €4,679 | €157 | €2,523 | ▲ 16× |
| Furniture and vehicles24 | - | - | - | €22,921 | €60,721 | €2,497 | €1,015 | ▼ 59.4% |
| Current assets29/58 | €273,283 | €381,287 | €518,088 | €636,778 | €684,906 | €70,834 | €81,218 | ▲ 14.7% |
| Amounts receivable after more than one year29 | - | - | - | €250,000 | €250,000 | - | - | - |
| Other amounts receivable291 | - | - | - | €250,000 | €250,000 | - | - | - |
| Amounts receivable within one year40/41 | €34,287 | €26,136 | €29,941 | €23,938 | €26,991 | €31,043 | €38,304 | ▲ 23.4% |
| Trade receivables40 | - | - | - | €21,196 | €22,324 | €30,969 | €38,230 | ▲ 23.4% |
| Other amounts receivable41 | - | - | - | €2,742 | €4,667 | €74 | €74 | = |
| Current investments50/53 | €101,861 | €126,179 | €144,901 | €163,797 | €182,866 | - | - | - |
| Cash at bank and in hand54/58 | €137,055 | €228,961 | €93,246 | €199,043 | €225,050 | €39,543 | €42,243 | ▲ 6.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €248 | €671 | ▲ 170% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €539,423 | €655,520 | €774,748 | €873,076 | €956,157 | €73,488 | €84,756 | ▲ 15.3% |
| Equity10/15 | €522,270 | €622,890 | €730,372 | €832,504 | €933,028 | €60,764 | €61,757 | ▲ 1.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €245 | €245 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | - | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €503,670 | €604,290 | €711,772 | €813,904 | €912,521 | €35,924 | €35,924 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €25 | €25 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €25 | €25 | = |
| Tax-exempt reserves132 | - | - | - | €11,038 | - | - | - | - |
| Distributable reserves133 | - | - | - | €801,006 | €910,661 | €35,900 | €35,900 | = |
| Profit (loss) carried forward14 | - | - | - | - | €1,907 | €24,595 | €25,588 | ▲ 4.0% |
| Provisions and deferred taxes16 | - | €8,377 | €5,125 | €3,299 | - | - | - | - |
| Deferred taxes168 | - | - | - | €3,299 | - | - | - | - |
| Amounts payable17/49 | €17,152 | €24,253 | €39,251 | €37,273 | €23,128 | €12,724 | €22,999 | ▲ 80.8% |
| Amounts payable within one year42/48 | €17,152 | €24,253 | €39,251 | €37,273 | €23,128 | €12,712 | €22,987 | ▲ 80.8% |
| Trade debts44 | €2,146 | €3,307 | €3,361 | €1,178 | €1,218 | €8,728 | €22,397 | ▲ 157% |
| Suppliers440/4 | - | - | - | €1,178 | €1,218 | €8,728 | €22,397 | ▲ 157% |
| Taxes, remuneration and social security45 | - | - | - | €36,095 | €21,911 | €2,983 | €590 | ▼ 80.2% |
| Taxes450/3 | - | - | - | €36,095 | €21,911 | €2,983 | €590 | ▼ 80.2% |
| Other amounts payable47/48 | - | - | - | - | - | €1,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €12 | €12 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,117 | €100,619 | €105,900 | €102,132 | €100,524 | €24,570 | €993 | ▼ 96.0% |
| + Depreciation and write-downs630 | €25,907 | €24,703 | €20,722 | €21,061 | €28,147 | €1,716 | €1,644 | ▼ 4.2% |
| Operating cash flow (approximation) | €86,025 | €125,322 | €126,623 | €123,193 | €128,671 | €26,286 | €2,637 | ▼ 90.0% |
| Investment in fixed assets (approximation) | - | -€32,797 | -€3,149 | -€698 | -€63,100 | - | -€2,529 | - |
| Change in cash | - | €91,906 | -€135,715 | €105,797 | €26,007 | - | €2,701 | - |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00273313 |
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00293421 |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00267404 |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00166824 |
| 31-12-2021 | abbreviated format | 24-06-2022 | 2022-20088404 |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-28600319 |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-24600589 |
| 31-12-2018 | abbreviated format | 21-06-2019 | 2019-21300459 |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-21100202 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21800059 |
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Of the 4,607 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,228. 2,432 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.