CERAMAT
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 20-01-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 €-356k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-02-2026, 69 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
69 d early
2024
84 d early
2023
14 d early
2022
6 d early
2021
23 d early
2020
on the day
2019
76 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€167k▲ 46.3%
2024 · €114k
2022: €248k
2023: €200k
2024: €114k
2022 → 2025
EBIT margin
-231.3%▼ 210.0pp
2024 · -21.4%
2022: -0.5%
2023: -4.7%
2024: -21.4%
2022 → 2025
Net result
€-356k▼ 286,785%
2024 · €-124
2018: €37k
2019: €69k
2020: €70k
2021: €46k
2022: €822
2023: €6k
2024: €-124
2018 → 2025
Working capital
€747k▲ 18.0%
2024 · €633k
2018: €607k
2019: €719k
2020: €801k
2021: €813k
2022: €616k
2023: €628k
2024: €633k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€248k€200k▼ 19.4%€114k▼ 43.1%€167k▲ 46.3%
Equity€834k-€820k▼ 1.7%€826k▲ 0.7%€825k=€470k▼ 43.1%
Operating result€71k-€-1k€-9k▼ 734%€-24k▼ 160%€-386k▼ 1,484%
Net result€46k-€822▼ 98.2%€6k▲ 586%€-124€-356k▼ 286,785%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €386k in 2025 against €24k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €869k
Fixed assets
€53k ▼ 90.3%
Current assets
€816k ▲ 10.2%
Equity and liabilities €869k
Equity
€470k ▼ 43.1%
Debt
€400k ▼ 13.7%
Debt's share of the balance-sheet total rises from 35.9% to 46.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-385k▼
2024 · €6k
Cash flow
€-355k▼
2024 · €30k
Current ratio
11.77▲
2024 · 6.88
Debt to equity
0.85▲
2024 · 0.56
ROE
-75.7%▼
2024 · 0.0%
ROA
-40.9%▼
2024 · 0.0%
Interest coverage
-43.91▼
2024 · 0.41
Debt ≤ 1 year
€69k▼
2024 · €108k
Debt > 1 year
€327k▼
2024 · €355k
Income taxes
€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.29M€869k▼
Fixed assets21/28€548k€53k▼
Intangible fixed assets21€381-
Tangible fixed assets22/27€545k€50k▼
Land and buildings22€542k€50k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€438-
Financial fixed assets28€3k€3k=
Current assets29/58€740k€816k▲
Amounts receivable after more than one year29€629k€682k▲
Other amounts receivable291€629k€682k▲
Amounts receivable within one year40/41€12k€11k▼
Trade receivables40€11k€5k▼
Other amounts receivable41€123€6k▲
Cash at bank and in hand54/58€32k€67k▲
Deferred charges and accrued income490/1€68k€58k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€869k▼
Equity10/15€825k€470k▼
Contributions10/11€19k€19k=
Reserves13€649k€649k=
Non-distributable reserves130/1€631k€631k=
Reserves not available under the articles1311€2k€2k=
Other1319€629k€629k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€157k€-198k▼
Amounts payable17/49€463k€400k▼
Amounts payable after more than one year17€355k€327k▼
Financial debts170/4€355k€327k▼
Amounts payable within one year42/48€108k€69k▼
Current portion of amounts payable after more than one year42€28k€28k▲
Financial debts43€70k-
Other loans439€70k-
Trade debts44€9k€41k▲
Suppliers440/4€9k€41k▲
Taxes, remuneration and social security45€1k€522▼
Taxes450/3€1k€522▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Turnover70€114k€167k▲
Goods, raw materials, services and sundry goods60/61€98k€54k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€479▼
Other operating charges640/8€8k€5k▼
Non-recurring operating charges66A€2k€493k▲
Gross operating margin9900€16k€113k▲
Operating profit (loss)9901€-24k€-386k▼
Financial income75/76B€39k€39k▼
Recurring financial income75€39k€39k▼
Financial charges65/66B€15k€9k▼
Recurring financial charges65€15k€9k▼
Profit (loss) for the period before taxes9903€-124€-356k▼
Income taxes67/77-€1
Profit (loss) for the period9904€-124€-356k▼
Profit (loss) for the period to be appropriated9905€-124€-356k▼
Appropriation of the result
Profit (loss) to be appropriated9906€157k€-198k▼
Profit (loss) brought forward from the previous period14P€158k€157k▼
The notes to these accounts (22 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
20-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
05-02
State Gazette act
Restructuring · End & cessationDissolution · Merger · Real estate7 facts ▸
State Gazette act
Restructuring · End & cessation
Dissolution · Merger · Real estate7 facts ▸
- General meeting, 20-01-2026
- Dissolution, 20-01-2026
- Merger, fusion simplifiée
- Real estate, Un terrain industriel, sis Rue de Saint-Donat, 16, cadastrée selon titre et selon extrait matrice cadastral récent section I numéro 199X P0000 pour une contenan…
- Accounting effect, 01-10-2025
- Power of attorney, Nicolas Freddy Pascal Alain DOISON
- Accounting effect, 30-09-2025
2025
30-09
Financial
Weakest financial yearnet €-356k
Net result drops to €-356k, the lowest in the series.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €70k ▲1.7%
Net result €70k, the highest in the series.
30-09
Financial
Liquidity times 5current ratio 81.68
Current ratio from 14.85 to 81.68; short-term debt falls from €52k to €10k.
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:INGENIERIE ET CONSTRUCTION MASSET