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Generated 16-08-2026
Active BE 0534.895.612Public limited company

CERAM Découpe

Rue du Progrès(FL) 10 ·6220 Fleurus, Belgium· 13 yrs active
Sector: Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment) (47521)
Conclusion Checked

The computed 12-month bankruptcy probability of CERAM Découpe is 1.5% (low). The 2023 annual accounts show equity of €293k and a net result of €-61k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 825 sector peers (fiscal year 2023). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €293k
Net result €-61k
Staff (FTE) 10
Better than sector 56%
Financial profile 5 of 5 axes measured · computed by Checked
Health25Profitability0Solvency29Growth52Stability100
41 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 25
Profitability 0
Solvency 29
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.5% Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate sector +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Established
Founded in 2013, 13 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
25 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 31-08-2024 with the NBB · fiscal year 2023 · volledig
€-100k€0€100k€200kOperating result 2019: €123k€123kNet result 2019: €144k€144kOperating result 2020: €89k€89kNet result 2020: €200k€200kOperating result 2021: €32k€32kNet result 2021: €10k€10kOperating result 2022: €60k€60kNet result 2022: €37k€37kOperating result 2023: €-35k€-35kNet result 2023: €-61k€-61k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~9.1%/year over 6 fiscal years, indicative, assuming unchanged policy.
€100k€200k€300k€400k€500k2024: €415k (€391k - €439k)2025: €443k (€404k - €482k)2026: €472k (€418k - €525k)2018: €182k2019: €273k2020: €327k2021: €330k2022: €360k2023: €293k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 22.5% 18.0%
better than 56% of 825 sector peers
Net result €-61k €11k
better than 17% of 821 sector peers
Equity €293k €80k
better than 73% of 826 sector peers
Gross operating margin €517k €162k
better than 83% of 745 sector peers
Staff costs €371k €187k
higher than 73% of 649 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€128k
-21.2% 18-23
Net profit
€-61k
- 18-23
Cash flow
€102k
-26.7% 18-23
Total assets
€1.30M
+4.4% 18-23
Equity
€293k
-18.7% 18-23
Working capital
€-52k
- 18-23
Employees (FTE)
10
+19.0% 18-23
Staff costs
€371k
+14.8% 18-23
Show 11 other metrics
Income taxes
€-201
- 18-23
Debt
€1.01M
+13.8% 18-23
Debt ≤ 1y
€439k
+55.3% 18-23
Debt > 1y
€563k
-6.6% 18-23
Current ratio
0.88
-13.7% 18-23
Quick ratio
0.88
-8.7% 18-23
Solvency
22.5%
-22.1% 18-23
Debt / equity
3.44
+40.0% 18-23
ROE
-20.8%
- 18-23
ROA
-4.7%
- 18-23
Interest coverage
4.04
-42.4% 18-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue-
EBITDA€128k
Net profit€-61k
Cash flow€102k
Staff costs€371k
Income taxes-
Dividends-
Total assets€1.30M
Equity€293k
Debt€1.01M
of which ≤ 1y€439k
of which > 1y€563k
Working capital€-52k
Employees (FTE)10.0
Ratios (computed)
2023
Current ratio0.88
Quick ratio0.88
Working capital ratio-4.0%
Solvency22.5%
Debt / equity3.44
Long-term debt ratio1.92
Interest coverage4.04
Gross margin-
Net margin-
ROA-4.7%
ROE-20.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1.30M
Fixed assets 21/28€913k
Tangible fixed assets 22/27€912k
Financial fixed assets 28€640
Current assets 29/58€387k
Stocks & contracts in progress 3€2k
Amounts receivable within one year 40/41€202k
Investments 50/53€81k
Cash & bank 54/58€40k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.30M
Equity 10/15€293k
Contributions / capital 10/11€62k
Reserves 13€87k
Accumulated profits (losses) 14€105k
Amounts payable 17/49€1.01M
Amounts payable after one year 17€563k
Amounts payable within one year 42/48€439k
Trade debts payable within one year 44€38k
Income statement
Gross operating margin 9900€517k
Operating result 9901€-35k
Financial income 75€0
Financial charges 65€32k
Result before taxes 9903€-61k
Net result for the period 9904€-61k
Result to be appropriated 9905€-61k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • SEVERINO Vincenzo
    Director
    State Gazette act 24033303 (23-02-2024)
    Former
    - → 07-12-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)(47521)
Legal form Public limited company(014)
Incorporation04-06-2013
StatusActive
Postal code6220
Establishment units 2 locations
CERAM DECOUPE
Rue du Progrès(FL) 10, 6220 FleurusVervaardiging dakpannen, tegels en andere producten voor de bouw, van gebakken klei
since 20132.223.227.330
CERAM DECOUPE
Rue de Fontenelle(FAR) 25, 6240 FarciennesVervaardiging dakpannen, tegels en andere producten voor de bouw, van gebakken klei
since 20232.341.847.343
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52018A0001/00W009 Wallonia 4,658 m² 1 · 1,798 m² -
52021C0318/00M005 Wallonia 1,875 m² 1 · 647 m² 7.7 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
31-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
23-02-2024
State Gazette act Director changes
2023
23-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
28-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
31-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
16-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
25-10-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
14-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
26-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
03-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
15-06-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
23-02-2024 SEVERINO Vincenzo resigns as director Director changes
  • SEVERINO Vincenzo, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "SEVERINO Vincenzo",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": "2023-12-07",
      "evidence_quote": "l\u0027Assembl\u00E9e g\u00E9n\u00E9rale a pris connaissance du souhait de Monsieur SEVERINO Vincenzo de d\u00E9missionner de son poste d\u0027administrateur en date du 07.12.2023.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Charleroi",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-02-23",
    "filing_date": "2023-12-15",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-15",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0534.895.612",
    "name_full": "CERAM DECOUPE",
    "legal_form": "SA"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "SEVERINO Gino",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Overige industrie, n.e.g.32990Overige industrie, neg32990Bouwmarkten en andere doe-het-zelfzaken in bouwmaterialen, algemeen assortiment47521Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)47521
Primary activity highlighted.
Names & trade names
Legal nameFR CERAM Découpe
Trade nameFR SA
Registered office
Rue du Progrès(FL) 10
6220 Fleurus, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative