Ceresco
ActiveSummary
Ceresco has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.9m and a net result of -€480,275. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-19
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370,000 at 30 days acceptable
short-term debt: 0% and cash: 0.1% of total assets, and 0% of the assets are financed with debt.
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Signals
Six 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
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
100%
Return on assets
-8.1%
Age of the figures
9 mo
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 -€480,275
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
27 d early
2023
35 d early
2022
on the day
2021
3 d early
2020
32 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 13 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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 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 Which other companies belong to the same group?VANSAN HOLDING · 10 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€480,275▼ 1,600%
2024 · -€28,250
Working capital
€587,304▼ 6.2%
2024 · €626,225
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-€34,197▼ 75.9%-€20,887▲ 38.9%-€32,412▼ 55.2%-€31,701▲ 2.2%-€43,422▼ 37.0%
Net result-€122,696▼ 664%€429,303-€26,812-€28,250▼ 5.4%-€480,275▼ 1,600%
Equity€6.0m▼ 2.0%€6.5m▲ 7.1%€6.4m▼ 0.4%€6.4m▼ 0.4%€5.9m▼ 7.5%
Total assets€6.4m▼ 29.5%€6.5m▲ 0.5%€6.5m▼ 0.3%€6.4m▼ 0.5%€5.9m▼ 7.7%
Debt€409,005▼ 86.3%€11,507▼ 97.2%€16,920▲ 47.0%€14,924▼ 11.8%€998▼ 93.3%
Working capital€253,573€682,876▲ 169%€656,064▼ 3.9%€626,225▼ 4.5%€587,304▼ 6.2%
Staff (FTE)00
Why a figure moved sharply
- 2025 Net result -1,600% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,422 in 2025 against €31,701 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 €5.9m
Fixed assets
€5.3m ▼ 7.6%
Current assets
€588,303 ▼ 8.2%
Equity and liabilities €5.9m
Equity
€5.9m ▼ 7.5%
Debt
€998 ▼ 93.3%
Debt's share of the balance-sheet total falls from 0.2% to 0.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.00
ROE
-8.1%▼
2024 · -0.4%
ROA
-8.1%▼
2024 · -0.4%
Debt ≤ 1 year
€998▼
2024 · €14,924
A ratio outside any meaningful range has been withheld (balance sheet total €5.9m, equity €5.9m).
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,155 | €1,155 | €1,185 | €1,255 | €1,285 | ▲ 2.5% |
| Gross operating margin9900 | -€33,042 | -€19,732 | -€31,227 | -€30,446 | -€42,136 | ▼ 38.4% |
| Operating profit (loss)9901 | -€34,197 | -€20,887 | -€32,412 | -€31,701 | -€43,422 | ▼ 37.0% |
| Financial income75/76B | €129,855 | €450,340 | €5,750 | €3,601 | €4,681 | ▲ 30.0% |
| Recurring financial income75 | €129,855 | €450,340 | €5,750 | €3,601 | €4,681 | ▲ 30.0% |
| Financial charges65/66B | €207,299 | €150 | €150 | €150 | €441,535 | ▲ 294,256% |
| Recurring financial charges65 | €51,439 | €150 | €150 | €150 | €180 | ▲ 20.0% |
| Non-recurring financial charges66B | €155,860 | - | - | - | €441,355 | - |
| Profit (loss) for the period before taxes9903 | -€111,641 | €429,303 | -€26,812 | -€28,250 | -€480,275 | ▼ 1,600% |
| Income taxes67/77 | €11,055 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€122,696 | €429,303 | -€26,812 | -€28,250 | -€480,275 | ▼ 1,600% |
| Profit (loss) for the period to be appropriated9905 | -€122,696 | €429,303 | -€26,812 | -€28,250 | -€480,275 | ▼ 1,600% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.4m | €6.5m | €6.5m | €6.4m | €5.9m | ▼ 7.7% |
| Fixed assets21/28 | €5.8m | €5.8m | €5.8m | €5.8m | €5.3m | ▼ 7.6% |
| Financial fixed assets28 | €5.8m | €5.8m | €5.8m | €5.8m | €5.3m | ▼ 7.6% |
| Current assets29/58 | €660,989 | €692,794 | €671,395 | €641,149 | €588,303 | ▼ 8.2% |
| Amounts receivable within one year40/41 | €643,306 | €647,056 | €640,860 | €632,762 | €582,844 | ▼ 7.9% |
| Other amounts receivable41 | €643,306 | €647,056 | €640,860 | €632,762 | €582,844 | ▼ 7.9% |
| Cash at bank and in hand54/58 | €17,683 | €45,738 | €30,534 | €8,387 | €5,459 | ▼ 34.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.4m | €6.5m | €6.5m | €6.4m | €5.9m | ▼ 7.7% |
| Equity10/15 | €6.0m | €6.5m | €6.4m | €6.4m | €5.9m | ▼ 7.5% |
| Contributions10/11 | €209,850 | €209,850 | €209,850 | €209,850 | €209,850 | = |
| Capital10 | €209,850 | €209,850 | €209,850 | €209,850 | €209,850 | = |
| Issued capital100 | €209,850 | €209,850 | €209,850 | €209,850 | €209,850 | = |
| Reserves13 | €5.8m | €6.3m | €6.2m | €6.2m | €5.7m | ▼ 7.7% |
| Non-distributable reserves130/1 | €20,985 | €20,985 | €20,985 | €20,985 | €20,985 | = |
| Legal reserve130 | €20,985 | €20,985 | €20,985 | €20,985 | €20,985 | = |
| Distributable reserves133 | €5.8m | €6.2m | €6.2m | €6.2m | €5.7m | ▼ 7.8% |
| Amounts payable17/49 | €409,005 | €11,507 | €16,920 | €14,924 | €998 | ▼ 93.3% |
| Amounts payable within one year42/48 | €407,416 | €9,918 | €15,331 | €14,924 | €998 | ▼ 93.3% |
| Trade debts44 | €7,416 | €9,918 | €15,331 | €14,924 | €998 | ▼ 93.3% |
| Suppliers440/4 | €7,416 | €9,918 | €15,331 | €14,924 | €998 | ▼ 93.3% |
| Other amounts payable47/48 | €400,000 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €1,589 | €1,589 | €1,589 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€122,696 | €429,303 | -€26,812 | -€28,250 | -€480,275 | ▼ 1,600% |
| Operating cash flow (approximation) | -€122,696 | €429,303 | -€26,812 | -€28,250 | -€480,275 | ▼ 1,600% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €441,355 | - |
| Change in cash | - | €28,055 | -€15,204 | -€22,147 | -€2,928 | ▲ 86.8% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 5 days late
2025
31-12
Financial
Weakest financial yearnet -€480,275
Net result drops to -€480,275, the lowest in the series.
31-12
Financial
Liquidity times 14current ratio 589.20
Current ratio from 42.96 to 589.20; short-term debt falls from €14,924 to €998.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €429,303
Net result €429,303 after 3 loss-making years.
31-12
Financial
Liquidity times 43current ratio 69.85
Current ratio from 1.62 to 69.85; short-term debt falls from €407,416 to €9,918.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 14current ratio 15.73
Current ratio from 1.11 to 15.73; short-term debt falls from €2.8m to €20,000.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Bilzen-Hoeselt · 1 establishment unit since 1997
Ground area
9.2 ha
Building footprint
3.7 ha
Volume, LiDAR
352,182 m³
Parcel 73037B0178/00T000, Flanders · tallest building 17.2 m, ±3 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
CERESCO
since 19972.082.160.527
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73037B0178/00T000 | Flanders | 9.2 ha | 1 · 3.7 ha | 17.2 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
Part of the group
VANSAN HOLDING
10 companies
Group, risk and exposure
Owners and holdings
2 owners · 2 holdingsChain of control
- VANSAN HOLDING
- VANSAN INVESTMENTS
- Ceresco
Highest known parent: VANSAN HOLDING. The sources do not say who stands above it.
Owners 2
- VANSAN INVESTMENTSparent80%
-
20%
Holdings 2
-
100%
-
50%
According to the 2025 annual accounts of Ceresco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded26-02-1997
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460096338
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.