Financials
- Fiscal year
- 2025
- Turnover
- €5.2m
- Profit
- €105,914
- Solvency
- 65.8%
Turnover▼ 25.9%
Net result
20242025
CERCO
ActiveSummary
CERCO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of €105,914. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 5451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Wholesale of other machinery and equipment
NACE 46649Wholesale trade NACE 46630NACE 46699
#1 company by total assets in Braine-le-Comte, Wholesale and retail trade sector1 site
Size
€5.2mturnover 2025
- Staff
- 10.5 FTE
- Equity
- €5.2m
- Profit
- €105,914
Structure
- Largest shareholder
- FINANCIERE MARCURE · 42.84%
- Holdings
- 3
Accounts filed 28 d late0 of 5 deeds read
Why 92- Latest accounts 28 days late; 2 of the last 3 late+ Founded in 1985+ Equity €5.2m (65.8% of total assets)+ Size: turnover €5.2m, 10.5 FTE, total assets €7.8mShow the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Better than 50% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
91-7
equity 65.8% of total assets
Liquidity
48-9
short-term debt 30.3% · cash 8.2%
Profitability
60-4
return on assets 1.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 6 months
05-2026: 0.1%lowest value
06-2026: 0.1%▲ +1.8% vs 05-2026
07-2026: 0.1%▲ +1.7% vs 06-2026
08-2026: 0.1%▲ +107% vs 07-2026
09-2026: 0.1%▲ +9.0% vs 08-2026highest value
10-2026: 0.1%● 0.0% vs 09-2026highest value
- Founded in 1985 lowers the probability for this profile
- Latest accounts 28 days late; 2 of the last 3 late raises the probability
- Equity €5.2m (65.8% of total assets) lowers the probability
- Size: turnover €5.2m, 10.5 FTE, total assets €7.8m lowers the probability for this profile
Credit up to €470,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 3.32 in 2024; short-term debt: 30.3% and cash: 8.2% of total assets), and 34.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 75%, liquidity 57%, profitability 44%, growth against the median 24%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
61 d late
2023
58 d late
2022
31 d late
2021
23 d late
2020
27 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 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 (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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet €105,914 ▼71%
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Board & ownership
- Largest shareholder
- FINANCIERE MARCURE · 42.84%
Network & group
- Subsidiaries
- 1
- Holdings
- 3
3 holdings
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 30-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale of other machinery and equipmentNACE 46649
- Founded
- 04-09-1985
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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