CERAVA
ActiveSummary
The computed 12-month bankruptcy probability of CERAVA is 1.9% (moderate). The 2025 annual accounts show equity of €5.79M and a net result of €241k. Equity is growing by ~29% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-25
Solvency78▼-15
Growth78=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 2.45 in 2024; short-term debt: 46.9% and cash: 0.9% of total assets), and 46.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.1%
Return on assets
2.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
29 d late
2024
on the day
2023
22 d late
2022
6 d early
2021
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€31k
EBIT margin
-561.5%
Net result
€241k▲ 557%
2024 · €37k
2021: €15k
2022: €13k▼ -9.6% vs 2021lowest in 5 years
2023: €52k▲ +293% vs 2022
2024: €37k▼ -29.9% vs 2023
2025: €241k▲ +557% vs 2024highest in 5 years
2021 → 2025
Working capital
€4.21M▲ 10.0%
2024 · €3.83M
2021: €2.36Mlowest in 5 years
2022: €2.37M▲ +0.6% vs 2021
2023: €2.42M▲ +2.0% vs 2022
2024: €3.83M▲ +58.0% vs 2023
2025: €4.21M▲ +10.0% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31k
Equity€2.36M-€2.37M▲ 0.6%€2.42M▲ 2.2%€5.54M▲ 129%€5.79M▲ 4.3%
2021: €2.36Mlowest in 5 years
2022: €2.37M▲ +0.6% vs 2021
2023: €2.42M▲ +2.2% vs 2022
2024: €5.54M▲ +129% vs 2023
2025: €5.79M▲ +4.3% vs 2024highest in 5 years
Operating result€-16k-€-18k▼ 8.5%€-17k▲ 5.3%€-224k▼ 1,236%€-175k▲ 22.2%
2021: €-16khighest in 5 years
2022: €-18k▼ -8.5% vs 2021
2023: €-17k▲ +5.3% vs 2022
2024: €-224k▼ -1236% vs 2023lowest in 5 years
2025: €-175k▲ +22.2% vs 2024
Net result€15k-€13k▼ 9.6%€52k▲ 293%€37k▼ 29.9%€241k▲ 557%
2021: €15k
2022: €13k▼ -9.6% vs 2021lowest in 5 years
2023: €52k▲ +293% vs 2022
2024: €37k▼ -29.9% vs 2023
2025: €241k▲ +557% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €175k in 2025 against €224k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.89M
Fixed assets
€1.58M ▼ 8.2%
Current assets
€9.32M ▲ 44.1%
Equity and liabilities €10.89M
Equity
€5.79M ▲ 4.3%
Debt
€5.11M ▲ 93.6%
Debt's share of the balance-sheet total rises from 32.2% to 46.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-33k▲
2024 · €-85k
Cash flow
€383k▲
2024 · €177k
Current ratio
1.82▼
2024 · 2.45
Debt to equity
0.88▲
2024 · 0.48
ROE
4.2%▲
2024 · 0.7%
ROA
2.2%▲
2024 · 0.4%
Interest coverage
-0.15▼
2024 · 4.52
Debt ≤ 1 year
€5.11M▲
2024 · €2.64M
Income taxes
€123k▲
2024 · €7k
Staff costs
€5k▼
2024 · €13k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.18M€10.89M▲
Fixed assets21/28€1.72M€1.58M▼
Tangible fixed assets22/27€1.72M€1.58M▼
Land and buildings22€1.69M€1.57M▼
Plant, machinery and equipment23€29k€3k▼
Current assets29/58€6.46M€9.32M▲
Amounts receivable within one year40/41€1.46M€3.12M▲
Other amounts receivable41€1.46M€3.12M▲
Current investments50/53€4.94M€6.10M▲
Cash at bank and in hand54/58€64k€94k▲
Equity and liabilities
Total equity and liabilities10/49€8.18M€10.89M▲
Equity10/15€5.54M€5.79M▲
Contributions10/11€1.63M€1.63M=
Reserves13€3.92M€4.16M▲
Tax-exempt reserves132€637k€608k▼
Distributable reserves133€3.28M€3.55M▲
Amounts payable17/49€2.64M€5.11M▲
Amounts payable within one year42/48€2.64M€5.11M▲
Current portion of amounts payable after more than one year42€155k€922k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€5k€69k▲
Taxes450/3€0€64k▲
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€2.48M€4.11M▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Turnover70-€31k
Non-recurring operating income76A-€0
Goods, raw materials, services and sundry goods60/61-€52k
Remuneration, social security and pensions62€13k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€140k€141k▲
Other operating charges640/8€13k€8k▼
Gross operating margin9900€-59k€-20k▲
Operating profit (loss)9901€-224k€-175k▲
Financial income75/76B€249k€759k▲
Recurring financial income75€249k€759k▲
Financial charges65/66B€-19k€220k▲
Recurring financial charges65€-19k€220k▲
Profit (loss) for the period before taxes9903€44k€364k▲
Income taxes67/77€7k€123k▲
Profit (loss) for the period9904€37k€241k▲
Transfer from tax-exempt reserves789€29k€29k=
Profit (loss) for the period to be appropriated9905€66k€270k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€270k▲
Transfer to equity691/2€66k€270k▲
To other reserves6921€66k€270k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €31k | - |
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €52k | - |
| Remuneration, social security and pensions62 | - | - | - | €13k | €5k | ▼ 60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €140k | €141k | ▲ 1.1% |
| Other operating charges640/8 | €7k | €7k | €949 | €13k | €8k | ▼ 39.0% |
| Gross operating margin9900 | €-9k | €-11k | €-16k | €-59k | €-20k | ▲ 65.5% |
| Operating profit (loss)9901 | €-16k | €-18k | €-17k | €-224k | €-175k | ▲ 22.2% |
| Financial income75/76B | €198k | €338k | €463k | €249k | €759k | ▲ 204% |
| Recurring financial income75 | €198k | €338k | €463k | €249k | €759k | ▲ 204% |
| Financial charges65/66B | €132k | €260k | €250k | €-19k | €220k | ▲ 1,277% |
| Recurring financial charges65 | €132k | €260k | €250k | €-19k | €220k | ▲ 1,277% |
| Profit (loss) for the period before taxes9903 | €50k | €60k | €196k | €44k | €364k | ▲ 737% |
| Income taxes67/77 | €35k | €47k | €144k | €7k | €123k | ▲ 1,703% |
| Profit (loss) for the period9904 | €15k | €13k | €52k | €37k | €241k | ▲ 557% |
| Transfer from tax-exempt reserves789 | - | - | - | €29k | €29k | = |
| Profit (loss) for the period to be appropriated9905 | €15k | €13k | €52k | €66k | €270k | ▲ 311% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.49M | €4.19M | €3.98M | €8.18M | €10.89M | ▲ 33.1% |
| Fixed assets21/28 | - | - | - | €1.72M | €1.58M | ▼ 8.2% |
| Tangible fixed assets22/27 | - | - | - | €1.72M | €1.58M | ▼ 8.2% |
| Land and buildings22 | - | - | - | €1.69M | €1.57M | ▼ 6.8% |
| Plant, machinery and equipment23 | - | - | - | €29k | €3k | ▼ 90.0% |
| Current assets29/58 | €4.49M | €4.19M | €3.98M | €6.46M | €9.32M | ▲ 44.1% |
| Amounts receivable within one year40/41 | - | - | €260 | €1.46M | €3.12M | ▲ 114% |
| Other amounts receivable41 | - | - | €260 | €1.46M | €3.12M | ▲ 114% |
| Current investments50/53 | €4.35M | €4.14M | €3.18M | €4.94M | €6.10M | ▲ 23.6% |
| Cash at bank and in hand54/58 | €137k | €54k | €799k | €64k | €94k | ▲ 47.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.49M | €4.19M | €3.98M | €8.18M | €10.89M | ▲ 33.1% |
| Equity10/15 | €2.36M | €2.37M | €2.42M | €5.54M | €5.79M | ▲ 4.3% |
| Contributions10/11 | €568k | €568k | €568k | €1.63M | €1.63M | = |
| Reserves13 | €1.79M | €1.80M | €1.85M | €3.92M | €4.16M | ▲ 6.2% |
| Tax-exempt reserves132 | - | - | - | €637k | €608k | ▼ 4.6% |
| Distributable reserves133 | €1.79M | €1.80M | €1.85M | €3.28M | €3.55M | ▲ 8.2% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €2.14M | €1.82M | €1.56M | €2.64M | €5.11M | ▲ 93.6% |
| Amounts payable within one year42/48 | €2.13M | €1.82M | €1.56M | €2.64M | €5.11M | ▲ 93.6% |
| Current portion of amounts payable after more than one year42 | €1.02M | €660k | €245k | €155k | €922k | ▲ 495% |
| Trade debts44 | €2k | €550 | €0 | €1k | €2k | ▲ 19.7% |
| Suppliers440/4 | €2k | €550 | €0 | €1k | €2k | ▲ 19.7% |
| Taxes, remuneration and social security45 | €0 | - | €100k | €5k | €69k | ▲ 1,216% |
| Taxes450/3 | €0 | - | €95k | €0 | €64k | - |
| Remuneration and social security454/9 | - | - | €4k | €5k | €5k | ▼ 12.0% |
| Other amounts payable47/48 | €1.11M | €1.16M | €1.22M | €2.48M | €4.11M | ▲ 66.2% |
| Accrued charges and deferred income492/3 | €5k | €5k | €377 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €13k | €52k | €37k | €241k | ▲ 557% |
| + Depreciation and write-downs630 | - | - | - | €140k | €141k | ▲ 1.1% |
| Operating cash flow (approximation) | €15k | €13k | €52k | €177k | €383k | ▲ 117% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €-83k | €745k | €-735k | €30k | ▲ 104% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2021net €241k ▲557%
Net result €241k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €5MEq €5.54M ▲129%
4 profitable years in a row build equity to €5.54M.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €13k ▼9.6%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Deinze · 1 establishment unit since 2021
Ground area
1.6 ha
Building footprint
397 m²
Volume, LiDAR
4,092 m³
Parcel 44065A0508/00R000, Flanders · tallest building 24.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CERAVA FINANCE
since 20212.314.250.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44065A0508/00R000 | Flanders | 1.6 ha | 1 · 397 m² | 24.7 m · 3 fl. |
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.
Structure & network
Ownership & control
1 subsidiary, 1 abroadCERAVABE 0762.730.992
controls
Where this company holds controlsubsidiary per the LEI register1
VORSENO VENTURES LIMITED
Limassol, Cyprus · LEI lapsed
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 435 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 435 EUR | 435 EUR |
| 2023 | 1 | 0 EUR | 645 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300JTVSSTWAP7QC48
Identification & contact
Identification
Legal formPrivate limited company
Founded01-02-2021
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.