CERAMAT
ActiveThe annual accounts of CERAMAT for fiscal year 2025 show a net loss of 54% of total assets and of 69% of the equity at the start of that year. The 2025 annual accounts show equity of €59k and a net result of €-128k. Equity is shrinking by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 10252 sector peers (fiscal year 2025). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency50▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.29 in 2024; short-term debt: 72.2% and cash: 1.1% of total assets), and 75.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.6%
Return on assets
-53.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-128k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
54 d late
2023
22 d late
2022
11 d late
2021
24 d late
2020
22 d early
2019
69 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€59k▼ 68.6%
2024 · €187k
2018: €494k
2019: €487k
2020: €474k
2021: €476k
2022: €502k
2023: €394k
2024: €187k
2018 → 2025
Total assets
€238k▼ 62.9%
2024 · €641k
2018: €653k
2019: €660k
2020: €655k
2021: €707k
2022: €873k
2023: €784k
2024: €641k
2018 → 2025
Net result
€-128k▲ 38.1%
2024 · €-207k
2018: €38k
2019: €-7k
2020: €-13k
2021: €2k
2022: €26k
2023: €-108k
2024: €-207k
2018 → 2025
Working capital
€14k▼ 88.8%
2024 · €129k
2018: €336k
2019: €394k
2020: €494k
2021: €456k
2022: €495k
2023: €322k
2024: €129k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€476k-€502k▲ 5.5%€394k▼ 21.5%€187k▼ 52.6%€59k▼ 68.6%
Operating result€-7k-€12k€-124k€-216k▼ 74.0%€-127k▲ 41.2%
Net result€2k-€26k▲ 1,205%€-108k€-207k▼ 92.5%€-128k▲ 38.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €127k in 2025 against €216k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€52k▼ 28.3%
Current assets
€186k▼ 67.3%
Equity and liabilities €238k
Equity
€59k▼ 68.6%
Debt
€179k▼ 60.5%
The debt ratio rises from 70.8% to 75.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-108k▲
2024 · €-182k
Cash flow
€-110k▲
2024 · €-173k
Solvency
24.6%▼
2024 · 29.2%
Current ratio
1.08▼
2024 · 1.29
Quick ratio
1.08▼
2024 · 1.29
Debt / equity
3.06▲
2024 · 2.43
ROE
-219.0%▼
2024 · -110.9%
ROA
-53.9%▼
2024 · -32.3%
Interest coverage
-7.68▲
2024 · -19.87
Debt
€179k▼
2024 · €454k
Debt ≤ 1 year
€172k▼
2024 · €440k
Debt > 1 year
€6k▼
2024 · €14k
Income taxes
€494▼
2024 · €521
Staff costs
€258k▼
2024 · €268k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€641k€238k▼
Fixed assets21/28€72k€52k▼
Tangible fixed assets22/27€72k€52k▼
Land and buildings22€16k€10k▼
Plant, machinery and equipment23€48k€38k▼
Furniture and vehicles24-€1k
Other tangible fixed assets26€8k€2k▼
Current assets29/58€569k€186k▼
Amounts receivable within one year40/41€561k€183k▼
Trade receivables40€122k€113k▼
Other amounts receivable41€440k€71k▼
Cash at bank and in hand54/58€7k€3k▼
Deferred charges and accrued income490/1€427€457▲
Equity and liabilities
Total equity and liabilities10/49€641k€238k▼
Equity10/15€187k€59k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€119k€-10k▼
Amounts payable17/49€454k€179k▼
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€440k€172k▼
Current portion of amounts payable after more than one year42€34k€8k▼
Trade debts44€172k€65k▼
Suppliers440/4€40k€65k▲
Bills of exchange payable441€133k-
Taxes, remuneration and social security45€63k€61k▼
Taxes450/3€18k€18k▼
Remuneration and social security454/9€45k€43k▼
Other amounts payable47/48€171k€38k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€104-
Remuneration, social security and pensions62€268k€258k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€19k▼
Other operating charges640/8€8k€16k▲
Gross operating margin9900€94k€166k▲
Operating profit (loss)9901€-216k€-127k▲
Financial income75/76B€18k€13k▼
Recurring financial income75€18k€13k▼
Financial charges65/66B€9k€14k▲
Recurring financial charges65€9k€14k▲
Profit (loss) for the period before taxes9903€-207k€-128k▲
Income taxes67/77€521€494▼
Profit (loss) for the period9904€-207k€-128k▲
Profit (loss) for the period to be appropriated9905€-207k€-128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-221k€-10k▲
Profit (loss) brought forward from the previous period14P€-14k€119k▲
Transfer from equity791/2€340k-
Social balance
Average headcount (FTE)90874.54.1▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
2024
31-12
Financial
Weakest financial yearnet €-207k
Net result drops to €-207k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Equity above €500kEq €502k ▲5.5%
2 profitable years in a row build equity to €502k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1980
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuvensesteenweg 3201932 ZaventemGround area
1,508 m²
Building footprint
489 m²
Volume, LiDAR
2,170 m³
Parcel 23078A0414/00S000, Flanders · tallest building 13.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CEREMAT
since 19802.017.263.171
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0414/00S000 | Flanders | 1,508 m² | 1 · 489 m² | 13.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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WIM JACOBS
BE 0831.841.415
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CARREAUX CERAM
BE 0688.714.549
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Antonio Vasco Créations, Entreprise générale
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Of 176 companies in sector 47523 we hold annual accounts for 142. 106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-01-1980
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
47523Retail trade
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.