CERAL
ActiveSummary
CERAL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.1m and a net result of €2.0m. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 72% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency87▲+21
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 2.32 against 1.55 in 2023; short-term debt: 37.8% and cash: 4.9% of total assets), and 38.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.7%
Return on assets
39.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
on the day
2022
60 d late
2021
23 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€0▼ 100%
2020 · €7.4m
EBIT margin
20.4%
Net result
€2.0m▲ 0.6%
2023 · €2.0m
Working capital
€2.5m▲ 17.6%
2023 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€7.4m€0
Operating result€1.5m▲ 16.5%€1.7m▲ 13.3%€2.0m▲ 16.0%€2.5m▲ 25.9%€2.5m▲ 1.0%
Net result€1.2mabove the sector's middle half▲ 27.8%€1.4mabove the sector's middle half▲ 19.4%€1.6mabove the sector's middle half▲ 15.0%€2.0mabove the sector's middle half▲ 22.9%€2.0mabove the sector's middle half▲ 0.6%
EBIT margin20.4%
Equity€4.9mabove the sector's middle half▲ 31.8%€5.9mabove the sector's middle half▲ 20.8%€4.2mwithin the sector's middle half▼ 29.1%€2.8mwithin the sector's middle half▼ 34.0%€3.1mwithin the sector's middle half▲ 13.9%
Total assets€5.8mwithin the sector's middle half▲ 18.8%€6.6mwithin the sector's middle half▲ 14.3%€4.8mwithin the sector's middle half▼ 28.4%€6.7mwithin the sector's middle half▲ 40.4%€5.1mwithin the sector's middle half▼ 24.0%
Debt€948,127▼ 21.1%€766,792▼ 19.1%€590,346▼ 23.0%€3.9m▲ 567%€1.9m▼ 50.5%
Working capital€3.9mabove the sector's middle half▲ 37.0%€5.1mabove the sector's middle half▲ 31.2%€3.4mwithin the sector's middle half▼ 33.9%€2.2mwithin the sector's middle half▼ 36.4%€2.5mwithin the sector's middle half▲ 17.6%
Solvency83.7%above the sector's middle half▲ 8.2pp88.5%above the sector's middle half▲ 4.8pp87.6%above the sector's middle half▼ 0.9pp41.1%within the sector's middle half▼ 46.5pp61.7%within the sector's middle half▲ 20.5pp
Current ratio5.13above the sector's middle half▲ 1.757.70above the sector's middle half▲ 2.576.76above the sector's middle half▼ 0.941.55within the sector's middle half▼ 5.212.32within the sector's middle half▲ 0.77
Return on assets (ROA)20.2%above the sector's middle half▲ 1.4pp21.1%above the sector's middle half▲ 0.9pp33.9%above the sector's middle half▲ 12.8pp29.7%above the sector's middle half▼ 4.2pp39.3%above the sector's middle half▲ 9.6pp
Staff (FTE)5within the sector's middle half▼ 23.1%7.6within the sector's middle half▲ 52.0%7.6within the sector's middle half=17.7within the sector's middle half▲ 133%19.7within the sector's middle half▲ 11.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.1m
Fixed assets
€615,097 ▲ 2.7%
Current assets
€4.5m ▼ 26.6%
Equity and liabilities €5.1m
Equity
€3.1m ▲ 13.9%
Debt
€1.9m ▼ 50.5%
Debt's share of the balance-sheet total falls from 58.9% to 38.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.7m▲
2023 · €2.7m
Cash flow
€2.2m▼
2023 · €2.2m
Quick ratio
1.51▲
2023 · 1.14
Debt to equity
0.62▼
2023 · 1.43
ROE
63.7%▼
2023 · 72.1%
Interest coverage
26.47▼
2023 · 210.70
Debt ≤ 1 year
€1.9m▼
2023 · €3.9m
Income taxes
€545,209▲
2023 · €540,697
Staff costs
€940,611▲
2023 · €839,792
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 20,134 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €7.4m | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | €421,769 | €513,506 | €839,792 | €940,611 | ▲ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €213,572 | €227,144 | €177,940 | €192,067 | €171,577 | ▼ 10.7% |
| Other operating charges640/8 | - | €33,108 | €34,991 | €51,641 | €47,768 | ▼ 7.5% |
| Non-recurring operating charges66A | - | €2,788 | €617 | €3,600 | €15,118 | ▲ 320% |
| Gross operating margin9900 | €2.0m | €2.4m | €2.7m | €3.6m | €3.7m | ▲ 3.1% |
| Operating profit (loss)9901 | €1.5m | €1.7m | €2.0m | €2.5m | €2.5m | ▲ 1.0% |
| Financial income75/76B | - | €26,387 | €25,955 | €24,270 | €105,940 | ▲ 336% |
| Recurring financial income75 | €26,250 | €26,387 | €25,955 | €24,270 | €105,940 | ▲ 336% |
| Financial charges65/66B | - | €3,232 | €10,297 | €12,833 | €102,318 | ▲ 697% |
| Recurring financial charges65 | €3,487 | €3,232 | €10,297 | €12,833 | €102,318 | ▲ 697% |
| Profit (loss) for the period before taxes9903 | €1.5m | €1.7m | €2.0m | €2.5m | €2.5m | ▲ 0.7% |
| Transfer from deferred taxes780 | - | €0 | - | - | - | - |
| Income taxes67/77 | €365,372 | €340,322 | €397,678 | €540,697 | €545,209 | ▲ 0.8% |
| Profit (loss) for the period9904 | €1.2m | €1.4m | €1.6m | €2.0m | €2.0m | ▲ 0.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €427,200 | - | - |
| Transfer to tax-exempt reserves689 | - | €421,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €754,405 | €982,261 | €1.6m | €2.4m | €2.0m | ▼ 17.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.8m | €6.6m | €4.8m | €6.7m | €5.1m | ▼ 24.0% |
| Fixed assets21/28 | €953,665 | €742,815 | €769,764 | €598,865 | €615,097 | ▲ 2.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €938,757 | €727,771 | €766,384 | €595,351 | €611,447 | ▲ 2.7% |
| Land and buildings22 | - | €368,319 | €323,455 | €275,911 | €236,786 | ▼ 14.2% |
| Plant, machinery and equipment23 | - | €58,792 | €54,207 | €36,027 | €24,498 | ▼ 32.0% |
| Furniture and vehicles24 | - | €300,660 | €388,723 | €283,412 | €350,163 | ▲ 23.6% |
| Financial fixed assets28 | €14,909 | €15,044 | €3,380 | €3,515 | €3,650 | ▲ 3.8% |
| Current assets29/58 | €4.9m | €5.9m | €4.0m | €6.1m | €4.5m | ▼ 26.6% |
| Stocks and contracts in progress3 | €906,064 | €914,464 | €1.0m | €1.6m | €1.6m | ▼ 2.6% |
| Stocks30/36 | - | €914,464 | €1.0m | €1.6m | €1.6m | ▼ 2.6% |
| Amounts receivable within one year40/41 | €983,151 | €1.2m | €1.7m | €1.6m | €2.6m | ▲ 65.4% |
| Trade receivables40 | - | €1.1m | €1.5m | €1.5m | €1.4m | ▼ 3.3% |
| Other amounts receivable41 | - | €24,631 | €138,246 | €116,464 | €1.2m | ▲ 937% |
| Current investments50/53 | - | €1.5m | €850,000 | €1.5m | - | - |
| Cash at bank and in hand54/58 | €3.0m | €2.3m | €434,378 | €1.4m | €249,777 | ▼ 81.9% |
| Deferred charges and accrued income490/1 | - | €7,405 | €3,682 | €14,697 | €26,237 | ▲ 78.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.8m | €6.6m | €4.8m | €6.7m | €5.1m | ▼ 24.0% |
| Equity10/15 | €4.9m | €5.9m | €4.2m | €2.8m | €3.1m | ▲ 13.9% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €926,814 | €1.3m | €1.3m | €920,614 | €920,614 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Tax-exempt reserves132 | - | €1.3m | €1.3m | €914,417 | €914,417 | = |
| Profit (loss) carried forward14 | €3.9m | €4.5m | €2.8m | €1.8m | €2.1m | ▲ 21.8% |
| Investment grants15 | - | €8,000 | €6,000 | €4,000 | €2,000 | ▼ 50.0% |
| Amounts payable17/49 | €948,127 | €766,792 | €590,346 | €3.9m | €1.9m | ▼ 50.5% |
| Amounts payable within one year42/48 | €948,127 | €766,792 | €590,346 | €3.9m | €1.9m | ▼ 51.0% |
| Trade debts44 | €766,932 | €136,343 | €0 | €304,661 | €206,968 | ▼ 32.1% |
| Suppliers440/4 | - | €136,343 | - | €304,661 | €206,968 | ▼ 32.1% |
| Taxes, remuneration and social security45 | - | €130,241 | €65,138 | €95,728 | €105,279 | ▲ 10.0% |
| Taxes450/3 | - | €89,774 | €2,226 | €0 | €29,982 | - |
| Remuneration and social security454/9 | - | €40,466 | €62,912 | €95,728 | €75,296 | ▼ 21.3% |
| Other amounts payable47/48 | - | €500,208 | €525,208 | €3.5m | €1.6m | ▼ 54.3% |
| Accrued charges and deferred income492/3 | - | - | - | €9,417 | €24,225 | ▲ 157% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €1.4m | €1.6m | €2.0m | €2.0m | ▲ 0.6% |
| + Depreciation and write-downs630 | €213,572 | €227,144 | €177,940 | €192,067 | €171,577 | ▼ 10.7% |
| Operating cash flow (approximation) | €1.4m | €1.6m | €1.8m | €2.2m | €2.2m | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€16,294 | -€204,889 | -€21,169 | -€187,809 | ▼ 787% |
| Change in cash | - | -€655,640 | -€1.9m | €948,270 | -€1.1m | ▼ 219% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
01-07
State Gazette act
Capital & shares · Statutes amendmentTransfer restriction5 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Transfer restriction5 facts ▸
- General meeting, 19-06-2026
- Transfer restriction, toutes les actions et tout autre titre éventuellement émis, modification et remplacement en entièreté
- Other statement, modification article 17 - délibérations du conseil d'administration, 17
- Other statement, modification article 19 - pouvoirs du conseil d'administration, gérer et veiller conformité loi, statuts et règlements du groupe
- Other statement, modification article 20 - gestion journalière, administrateur-délégué si administrateur, directeur ou directeur général ou autre titre de nomination sinon
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.0m ▲0.6%
Operating result €2.5m, net result €2.0m, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Equity above €5mEq €5.9m ▲20.8%
4 profitable years in a row build equity to €5.9m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
24-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 55 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 1985
Ground area
2,245 m²
Building footprint
190 m²
Parcel 62066A0038/00X000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CERAL
since 19852.027.205.671
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62066A0038/00X000 | Wallonia | 2,245 m² | 1 · 190 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAns2.027.205.671
Legal Entity Identifier
549300BQLNRXCH28Y992
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Of 689 companies in sector 46216 we hold annual accounts for 476. 329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-04-1985
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
01110Growing of cereals (except rice), leguminous crops and oil seeds
47761Retail sale of flowers, plants, seeds and fertilisers
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427291334
Also
9925:BE0427291334
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.