CERDECK
ActiveSummary
CERDECK has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €-16k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 88% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-62
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 8.86 against 7.3 in 2024; short-term debt: 11.1% and cash: 0% of total assets), and 18.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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
54 d late
2024
30 d late
2023
23 d late
2022
23 d late
2021
26 d late
2020
25 d late
2019
31 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
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€107k▼ 13.0%
2024 · €123k
Total assets
€132k▼ 13.2%
2024 · €152k
Net result
€-16k▼ 434%
2024 · €-3k
Working capital
€115k▼ 5.3%
2024 · €122k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€920€4k▲ 306%€24k▲ 536%€-8k€-15k▼ 76.3%
Net result€4k▲ 12.2%€7k▲ 83.9%€20k▲ 173%€-3k€-16k▼ 434%
Equity€99k▲ 4.2%€107k▲ 7.3%€126k▲ 18.6%€123k▼ 2.4%€107k▼ 13.0%
Total assets€142k▲ 0.4%€157k▲ 10.3%€164k▲ 4.6%€152k▼ 7.2%€132k▼ 13.2%
Debt€43k▼ 7.2%€50k▲ 17.0%€38k▼ 24.9%€29k▼ 23.2%€25k▼ 13.9%
Working capital€96k▲ 1.4%€73k▼ 24.2%€116k▲ 58.5%€122k▲ 5.2%€115k▼ 5.3%
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 €15k in 2025 against €8k 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 €132k
Fixed assets
€2k ▼ 79.6%
Current assets
€130k ▼ 7.9%
Equity and liabilities €132k
Equity
€107k ▼ 13.0%
Debt
€25k ▼ 13.9%
Debt's share of the balance-sheet total falls from 19.1% to 18.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €9k
Cash flow
€-5k▼
2024 · €15k
Current ratio
8.86▲
2024 · 7.30
Debt to equity
0.23▼
2024 · 0.24
ROE
-15.0%▼
2024 · -2.4%
ROA
-12.1%▼
2024 · -2.0%
Interest coverage
-3.22▼
2024 · 7.93
Debt ≤ 1 year
€15k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €357 | €2k | €500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €11k | €18k | €18k | €11k | ▼ 38.8% |
| Other operating charges640/8 | €1k | €2k | €1k | €3k | €2k | ▼ 20.4% |
| Gross operating margin9900 | €7k | €17k | €43k | €12k | €-2k | ▼ 117% |
| Operating profit (loss)9901 | €920 | €4k | €24k | €-8k | €-15k | ▼ 76.3% |
| Financial income75/76B | €6k | €7k | €5k | €7k | €0 | ▼ 100% |
| Recurring financial income75 | €6k | €7k | €5k | €7k | €0 | ▼ 100% |
| Financial charges65/66B | €2k | €1k | €2k | €1k | €1k | ▲ 6.9% |
| Recurring financial charges65 | €2k | €1k | €2k | €1k | €1k | ▲ 6.9% |
| Profit (loss) for the period before taxes9903 | €5k | €9k | €27k | €-3k | €-16k | ▼ 434% |
| Income taxes67/77 | €1k | €2k | €7k | €0 | - | - |
| Profit (loss) for the period9904 | €4k | €7k | €20k | €-3k | €-16k | ▼ 434% |
| Profit (loss) for the period to be appropriated9905 | €4k | €7k | €20k | €-3k | €-16k | ▼ 434% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142k | €157k | €164k | €152k | €132k | ▼ 13.2% |
| Fixed assets21/28 | €18k | €45k | €28k | €11k | €2k | ▼ 79.6% |
| Tangible fixed assets22/27 | €18k | €45k | €28k | €11k | €2k | ▼ 79.6% |
| Land and buildings22 | €2k | €1k | €733 | €263 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €9k | €21k | €13k | €7k | €2k | ▼ 73.8% |
| Furniture and vehicles24 | €7k | €23k | €14k | €4k | €590 | ▼ 86.9% |
| Current assets29/58 | €125k | €112k | €137k | €141k | €130k | ▼ 7.9% |
| Amounts receivable within one year40/41 | €123k | €108k | €131k | €141k | €130k | ▼ 7.9% |
| Trade receivables40 | €15k | €11k | €23k | €28k | €16k | ▼ 42.1% |
| Other amounts receivable41 | €108k | €97k | €108k | €113k | €114k | ▲ 0.8% |
| Cash at bank and in hand54/58 | €32 | €28 | €28 | €28 | €28 | = |
| Deferred charges and accrued income490/1 | €2k | €4k | €5k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142k | €157k | €164k | €152k | €132k | ▼ 13.2% |
| Equity10/15 | €99k | €107k | €126k | €123k | €107k | ▼ 13.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €79k | €86k | €106k | €103k | €87k | ▼ 15.6% |
| Amounts payable17/49 | €43k | €50k | €38k | €29k | €25k | ▼ 13.9% |
| Amounts payable after more than one year17 | €13k | €8k | €3k | €0 | - | - |
| Financial debts170/4 | €13k | €8k | €3k | €0 | - | - |
| Amounts payable within one year42/48 | €28k | €39k | €21k | €19k | €15k | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €3k | €0 | ▼ 100% |
| Financial debts43 | €11k | €12k | €1k | €9k | €11k | ▲ 12.5% |
| Credit institutions430/8 | €11k | €12k | €1k | €9k | €11k | ▲ 12.5% |
| Trade debts44 | €9k | €16k | €3k | €0 | €0 | ▼ 100% |
| Suppliers440/4 | €9k | €16k | €3k | €0 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €3k | €5k | €12k | €7k | €0 | ▼ 100.0% |
| Taxes450/3 | €3k | €5k | €12k | €7k | €0 | ▼ 100.0% |
| Other amounts payable47/48 | - | - | - | - | €4k | - |
| Accrued charges and deferred income492/3 | €1k | €3k | €14k | €10k | €10k | ▲ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €7k | €20k | €-3k | €-16k | ▼ 434% |
| + Depreciation and write-downs630 | €5k | €11k | €18k | €18k | €11k | ▼ 38.8% |
| Operating cash flow (approximation) | €9k | €18k | €38k | €15k | €-5k | ▼ 136% |
| Investment in fixed assets (approximation) | - | €-39k | €0 | €-1k | €-2k | ▼ 23.4% |
| Change in cash | - | €-4 | €0 | €0 | €0 | - |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Highest result since 2018net €20k ▲173%
Operating result €24k, net result €20k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.53
Current ratio from 2.89 to 6.53; short-term debt falls from €39k to €21k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €100kEq €107k ▲7.3%
5 profitable years in a row build equity to €107k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Beloeil · 1 establishment unit since 2009
Ground area
1.7 ha
Building footprint
175 m²
Volume, LiDAR
1,038 m³
Parcel 51054B0523/00V000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cerdeck
since 20092.177.514.002
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51054B0523/00V000 | Wallonia | 1.7 ha | 1 · 175 m² | 6.8 m · 2 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.
Similar companies · same sector, comparable size
VAVURE
BE 0744.395.717
Visé · Eq €107,313
MCM SOLUTION
BE 0753.904.586
Drogenbos · Eq €107,333
PATTYN MANUEL ALGEMENE BOUWWERKEN
BE 0887.944.037
Ledegem · Eq €107,287
Bouwgroep STEDI
BE 0630.923.632
Sint-Truiden · Eq €107,283
BUILD AND REBUILD BV
BE 0840.915.665
Lebbeke · Eq €107,345
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,050 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.