CERES CONSULT
ActiveSummary
CERES CONSULT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €723,120 and a net result of -€30,095. Equity is growing by ~27.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+19
Solvency62▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.9 in 2024; short-term debt: 20.3% and cash: 1.9% of total assets), and 63.2% of the assets are financed with debt.
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Signals
Four 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 · 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
19202122232425
2019 to 2025 · latest year -€30,095
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
8 d early
2022
18 d early
2021
1 d early
2020
4 d early
2019
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 29 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€723,120▼ 4.0%
2024 · €753,215
Total assets
€2.0m▲ 3.5%
2024 · €1.9m
Net result
-€30,095▼ 172%
2024 · -€11,083
Working capital
-€96,722▼ 205%
2024 · -€31,734
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,378▲ 6.5%€661,644▲ 6,276%-€4,569-€15,249▼ 234%-€38,552▼ 153%
Net result€7,095▲ 13.4%€496,222▲ 6,894%-€7,347-€11,083▼ 50.9%-€30,095▼ 172%
Equity€9,579▲ 286%€539,966▲ 5,537%€532,619▼ 1.4%€753,215▲ 41.4%€723,120▼ 4.0%
Total assets€184,153▼ 0.5%€874,170▲ 375%€849,117▼ 2.9%€1.9m▲ 123%€2.0m▲ 3.5%
Debt€174,575▼ 4.4%€170,295▼ 2.5%€152,589▼ 10.4%€980,640▲ 543%€1.1m▲ 10.4%
Working capital-€34,205▼ 17.2%€654,097€257,360▼ 60.7%-€31,734-€96,722▼ 205%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +6,894% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38,552 in 2025 against €15,249 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 €2.0m
Fixed assets
€1.7m ▲ 4.1%
Current assets
€302,070 ▲ 1.2%
Equity and liabilities €2.0m
Equity
€723,120 ▼ 4.0%
Provisions
€158,580 ▼ 3.2%
Debt
€1.1m ▲ 10.4%
Debt's share of the balance-sheet total rises from 51.7% to 55.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48,079▲
2024 · €14,929
Cash flow
€56,536▲
2024 · €19,095
Current ratio
0.76▼
2024 · 0.90
Debt to equity
1.50▲
2024 · 1.30
ROE
-4.2%▼
2024 · -1.5%
ROA
-1.5%▼
2024 · -0.6%
Interest coverage
5.93▲
2024 · 3.51
Debt ≤ 1 year
€398,793▲
2024 · €330,140
Debt > 1 year
€681,425▲
2024 · €649,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.6%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,687 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,092 | €7,526 | €7,752 | €30,177 | €86,631 | ▲ 187% |
| Other operating charges640/8 | €905 | €3,424 | €976 | €1,581 | €4,174 | ▲ 164% |
| Gross operating margin9900 | €18,375 | €672,594 | €4,158 | €16,510 | €52,253 | ▲ 216% |
| Operating profit (loss)9901 | €10,378 | €661,644 | -€4,569 | -€15,249 | -€38,552 | ▼ 153% |
| Financial income75/76B | €0 | €2,231 | - | €8,414 | €11,250 | ▲ 33.7% |
| Recurring financial income75 | €0 | €2,231 | - | €8,414 | €11,250 | ▲ 33.7% |
| Financial charges65/66B | €3,284 | €3,040 | €2,778 | €4,257 | €8,113 | ▲ 90.6% |
| Recurring financial charges65 | €3,284 | €3,040 | €2,778 | €4,257 | €8,113 | ▲ 90.6% |
| Profit (loss) for the period before taxes9903 | €7,095 | €660,835 | -€7,347 | -€11,091 | -€35,416 | ▼ 219% |
| Transfer from deferred taxes780 | - | - | - | €8 | €5,321 | ▲ 63,017% |
| Transfer to deferred taxes680 | - | €163,909 | - | - | - | - |
| Income taxes67/77 | - | €704 | - | - | - | - |
| Profit (loss) for the period9904 | €7,095 | €496,222 | -€7,347 | -€11,083 | -€30,095 | ▼ 172% |
| Transfer from tax-exempt reserves789 | - | - | €14,194 | €25 | €15,962 | ▲ 63,042% |
| Transfer to tax-exempt reserves689 | - | €491,726 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,095 | €4,496 | €6,847 | -€11,057 | -€14,133 | ▼ 27.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €184,153 | €874,170 | €849,117 | €1.9m | €2.0m | ▲ 3.5% |
| Formation expenses20 | - | - | - | €8,717 | €6,891 | ▼ 20.9% |
| Fixed assets21/28 | €183,454 | €175,928 | €552,752 | €1.6m | €1.7m | ▲ 4.1% |
| Tangible fixed assets22/27 | €183,454 | €175,928 | €552,752 | €1.6m | €1.7m | ▲ 4.1% |
| Land and buildings22 | €183,454 | €175,928 | €173,140 | €1.1m | €1.6m | ▲ 50.3% |
| Furniture and vehicles24 | - | - | - | €29,187 | €23,189 | ▼ 20.6% |
| Assets under construction and advance payments27 | - | - | €379,612 | €475,661 | - | - |
| Financial fixed assets28 | - | - | - | - | €17 | - |
| Current assets29/58 | €699 | €698,242 | €296,365 | €298,406 | €302,070 | ▲ 1.2% |
| Amounts receivable after more than one year29 | - | - | - | €250,000 | €250,000 | = |
| Other amounts receivable291 | - | - | - | €250,000 | €250,000 | = |
| Amounts receivable within one year40/41 | - | €9,833 | - | €4,750 | - | - |
| Trade receivables40 | - | - | - | €4,750 | - | - |
| Other amounts receivable41 | - | €9,833 | - | - | - | - |
| Cash at bank and in hand54/58 | €699 | €688,275 | €296,209 | €29,577 | €37,175 | ▲ 25.7% |
| Deferred charges and accrued income490/1 | - | €134 | €156 | €14,079 | €14,895 | ▲ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €184,153 | €874,170 | €849,117 | €1.9m | €2.0m | ▲ 3.5% |
| Equity10/15 | €9,579 | €539,966 | €532,619 | €753,215 | €723,120 | ▼ 4.0% |
| Contributions10/11 | €6,200 | €13,831 | €13,831 | €226,181 | €226,181 | = |
| Reserves13 | €1,855 | €513,117 | €498,923 | €498,898 | €482,936 | ▼ 3.2% |
| Non-distributable reserves130/1 | €1,855 | €7,197 | - | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €7,197 | - | - | - | - |
| Tax-exempt reserves132 | - | €505,920 | €491,726 | €491,701 | €475,739 | ▼ 3.2% |
| Distributable reserves133 | - | - | €7,197 | €7,197 | €7,197 | = |
| Profit (loss) carried forward14 | €1,524 | €13,017 | €19,865 | €28,136 | €14,003 | ▼ 50.2% |
| Provisions and deferred taxes16 | - | €163,909 | €163,909 | €163,900 | €158,580 | ▼ 3.2% |
| Deferred taxes168 | - | €163,909 | €163,909 | €163,900 | €158,580 | ▼ 3.2% |
| Amounts payable17/49 | €174,575 | €170,295 | €152,589 | €980,640 | €1.1m | ▲ 10.4% |
| Amounts payable after more than one year17 | €138,600 | €125,400 | €112,200 | €649,000 | €681,425 | ▲ 5.0% |
| Financial debts170/4 | €138,600 | €125,400 | €112,200 | €649,000 | €681,425 | ▲ 5.0% |
| Amounts payable within one year42/48 | €34,904 | €44,145 | €39,004 | €330,140 | €398,793 | ▲ 20.8% |
| Current portion of amounts payable after more than one year42 | €13,200 | €13,200 | €13,200 | €28,200 | €35,700 | ▲ 26.6% |
| Trade debts44 | €1,156 | €348 | €1,259 | €15,540 | €4,891 | ▼ 68.5% |
| Suppliers440/4 | €1,156 | €348 | €1,259 | €15,540 | €4,891 | ▼ 68.5% |
| Taxes, remuneration and social security45 | - | €704 | €47 | €4,664 | - | - |
| Taxes450/3 | - | €704 | €47 | €4,664 | - | - |
| Other amounts payable47/48 | €20,548 | €29,894 | €24,498 | €281,736 | €358,201 | ▲ 27.1% |
| Accrued charges and deferred income492/3 | €1,071 | €750 | €1,384 | €1,500 | €2,645 | ▲ 76.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,095 | €496,222 | -€7,347 | -€11,083 | -€30,095 | ▼ 172% |
| + Depreciation and write-downs630 | €7,092 | €7,526 | €7,752 | €30,177 | €86,631 | ▲ 187% |
| Operating cash flow (approximation) | €14,187 | €503,749 | €405 | €19,095 | €56,536 | ▲ 196% |
| Investment in fixed assets (approximation) | - | €0 | -€384,576 | -€1.1m | -€151,599 | ▲ 85.8% |
| Change in cash | - | €687,576 | -€392,066 | -€266,632 | €7,599 | ▲ 103% |
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
22-05
State Gazette act
Capital & shares · RestructuringAuditor report · Capital contribution · Share issue33 facts ▸
State Gazette act
Capital & shares · Restructuring
Auditor report · Capital contribution · Share issue33 facts ▸
- General meeting, 29-04-2026
- Other statement, kennisname,bespreking en goedkeuring splitsingsvoorstel, goed in al haar geledingen
- Other statement, uitdrukkelijk en unaniem, verzaking splitsingsverslaggeving
- Other statement, uitdrukkelijk en unaniem, geen mededeling door bestuursorganen alle betrokken vennootschappen sinds splitsingsvoorstel tot laatste algemene vergadering
- Other statement, lezing en onderzoek verslagen inbreng in natura, VIERDE BESLUIT
- Auditor report, Leuven, splitsing van NV DE ROTS
- Capital contribution
- Share issue, 866, splitsing activa Te splitsen vennootschap NV DE ROTS bij CERES CONSULT BV
- Accounting effect, 01-10-2025
- Other statement, stukken niet minstens een maand voor buitengewone algemene vergadering overhandigd, laattijdige stukken bedrijfsrevisor
- Other statement, verantwoordelijkheid bestuursorgaan inbreng in natura
- Other statement, verantwoordelijkheid bedrijfsrevisor inbreng in natura
- +21 further facts in this act
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
19-03
State Gazette act
RestructuringDemerger · Net-asset statement · Accounting effect13 facts ▸
State Gazette act
Restructuring
Demerger · Net-asset statement · Accounting effect13 facts ▸
- Demerger, 10/03/2026
- Demerger, 10/03/2026
- Demerger, 10/03/2026
- Demerger, 10/03/2026
- Net-asset statement, 30/09/2025
- Accounting effect, 01/10/2025
- Share issue, 866, Filip Van Nieuwenhuysen
- Share issue, 1838, Maatschap Alfa
- Share issue, 842, Maatschap Vaniott
- Share issue, 142, Filip Van Nieuwenhuysen
- Share issue, 142, Maatschap Vaniott
- Share issue, 142, Maatschap Alfa
- +1 further facts in this act
2025
30-09
Financial
Weakest financial yearnet -€30,095
Net result drops to -€30,095, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2019net €496,222 ▲6,894%
Operating result €661,644, net result €496,222, both a record.
30-09
Financial
Liquidity times 789current ratio 15.82
Current ratio from 0.02 to 15.82.
30-09
Financial
Equity above €500,000Eq €539,966 ▲5,537%
4 profitable years in a row build equity to €539,966.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 2 of 11 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Merchtem · 1 establishment unit since 2011
Ground area
315 m²
Building footprint
112 m²
Volume, LiDAR
735 m³
Parcel 23602I0014/00Z008, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
CERES CONSULT
since 20112.195.813.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0014/00Z008 | Flanders | 315 m² | 1 · 112 m² | 10.6 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.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionReceived in a demerger part of:De Rots
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 22-05-2026 ↗
- DE ROTS
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 22-05-2026 Capital increase · 866 new shares
Company details
Identification
Legal formPrivate limited company
Founded19-01-2011
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.