CERFILS
ActiveSummary
CERFILS has been active since 2012 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 €883,888. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 55% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-25
Solvency83▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.77 in 2024; short-term debt: 41.6% and cash: 0% of total assets), and 41.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58.4%
Return on assets
8.7%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
20 d early
2023
30 d early
2022
28 d early
2021
3 d late
2020
2 d early
2019
2 d early
← 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 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 11 July (5 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
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Ciney, Professional and technical services sector#1 company by equity in Ciney, Professional and technical services sector
Turnover
€1.5m
EBIT margin
53.6%
Net result
€883,888▼ 48.5%
2024 · €1.7m
Working capital
-€697,033▲ 10.7%
2024 · -€780,921
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€12,629▼ 27.7%-€10,110▲ 19.9%-€10,771▼ 6.5%-€11,210▼ 4.1%€10,170
Net result-€3,128below the sector's middle half▼ 155%€57,864within the sector's middle half€654,579above the sector's middle half▲ 1,031%€1.7mabove the sector's middle half▲ 162%€883,888above the sector's middle half▼ 48.5%
EBIT margin
Equity€3.4mabove the sector's middle half▼ 0.1%€3.5mabove the sector's middle half▲ 1.7%€4.1mabove the sector's middle half▲ 19.0%€5.8mabove the sector's middle half▲ 41.8%€5.9mabove the sector's middle half▲ 1.4%
Total assets€7.4mabove the sector's middle half▲ 0.1%€8.1mabove the sector's middle half▲ 8.8%€9.0mabove the sector's middle half▲ 11.2%€9.3mabove the sector's middle half▲ 3.2%€10.1mwithin the sector's middle half▲ 9.1%
Debt€4.0m▲ 0.3%€4.6m▲ 14.8%€4.9m▲ 5.5%€3.4m▼ 29.3%€4.2m▲ 22.0%
Working capital-€2.3mbelow the sector's middle half▼ 23.2%-€2.7mbelow the sector's middle half▼ 18.3%-€2.5mbelow the sector's middle half▲ 8.4%-€780,921below the sector's middle half▲ 68.7%-€697,033below the sector's middle half▲ 10.7%
Solvency45.7%within the sector's middle half▼ 0.1pp42.8%within the sector's middle half▼ 3.0pp45.7%within the sector's middle half▲ 3.0pp62.8%within the sector's middle half▲ 17.1pp58.4%within the sector's middle half▼ 4.4pp
Current ratio0.26below the sector's middle half▼ 0.040.35below the sector's middle half▲ 0.090.49below the sector's middle half▲ 0.140.77within the sector's middle half▲ 0.290.83within the sector's middle half▲ 0.06
Return on assets (ROA)0.0%below the sector's middle half=0.7%within the sector's middle half▲ 0.8pp7.3%within the sector's middle half▲ 6.6pp18.5%above the sector's middle half▲ 11.2pp8.7%within the sector's middle half▼ 9.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10,170 after a loss of €11,210 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€6.6m =
Current assets
€3.5m ▲ 31.6%
Equity and liabilities €10.1m
Equity
€5.9m ▲ 1.4%
Debt
€4.2m ▲ 22.0%
Debt's share of the balance-sheet total rises from 37.2% to 41.6%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.71▲
2024 · 0.59
ROE
15.0%▼
2024 · 29.5%
Debt ≤ 1 year
€4.2m▲
2024 · €3.4m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €335,721 | €335,281 | €349,706 | €305,302 | €249,676 | ▼ 18.2% |
| Other operating income74 | €335,721 | €335,281 | €349,706 | €305,302 | €227,550 | ▼ 25.5% |
| Non-recurring operating income76A | - | - | - | - | €22,126 | - |
| Operating charges60/66A | €348,351 | €345,391 | €360,477 | €316,511 | €239,506 | ▼ 24.3% |
| Services and other goods61 | €348,301 | €345,391 | €360,477 | €316,511 | €239,506 | ▼ 24.3% |
| Other operating charges640/8 | €50 | - | - | - | - | - |
| Operating profit (loss)9901 | -€12,629 | -€10,110 | -€10,771 | -€11,210 | €10,170 | ▲ 191% |
| Financial income75/76B | €51,610 | €110,256 | €836,707 | €1.9m | €993,916 | ▼ 47.5% |
| Recurring financial income75 | €51,610 | €110,256 | €836,707 | €1.9m | €993,916 | ▼ 47.5% |
| Income from financial fixed assets750 | €51,610 | €103,221 | €791,359 | €1.8m | €903,221 | ▼ 49.9% |
| Income from current assets751 | - | €7,035 | €45,348 | €90,374 | €90,695 | ▲ 0.4% |
| Financial charges65/66B | €42,109 | €42,282 | €171,357 | €166,662 | €120,198 | ▼ 27.9% |
| Recurring financial charges65 | €42,109 | €42,282 | €171,357 | €166,662 | €120,198 | ▼ 27.9% |
| Debt charges650 | €41,292 | €41,405 | €168,942 | €165,559 | €119,173 | ▼ 28.0% |
| Other financial charges652/9 | €817 | €877 | €2,414 | €1,103 | €1,026 | ▼ 7.0% |
| Profit (loss) for the period before taxes9903 | -€3,128 | €57,864 | €654,579 | €1.7m | €883,888 | ▼ 48.5% |
| Income taxes67/77 | - | €0 | - | - | - | - |
| Taxes670/3 | - | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€3,128 | €57,864 | €654,579 | €1.7m | €883,888 | ▼ 48.5% |
| Profit (loss) for the period to be appropriated9905 | -€3,128 | €57,864 | €654,579 | €1.7m | €883,888 | ▼ 48.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.4m | €8.1m | €9.0m | €9.3m | €10.1m | ▲ 9.1% |
| Fixed assets21/28 | €6.6m | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €6.6m | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Affiliated companies280/1 | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | = |
| Participating interests280 | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | = |
| Other financial fixed assets284/8 | €784,518 | €784,518 | €784,214 | €784,214 | €784,214 | = |
| Shares284 | €784,214 | €784,214 | €784,214 | €784,214 | €784,214 | = |
| Amounts receivable and cash guarantees285/8 | €303 | €303 | - | - | - | - |
| Current assets29/58 | €815,859 | €1.5m | €2.4m | €2.7m | €3.5m | ▲ 31.6% |
| Amounts receivable within one year40/41 | €756,758 | €1.4m | €2.3m | €2.7m | €3.5m | ▲ 31.9% |
| Trade receivables40 | €202,488 | €70,013 | €61,280 | €90,374 | €95,457 | ▲ 5.6% |
| Other amounts receivable41 | €554,271 | €1.3m | €2.3m | €2.6m | €3.4m | ▲ 32.8% |
| Cash at bank and in hand54/58 | €59,101 | €53,328 | €47,622 | €9,043 | €4,209 | ▼ 53.5% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.4m | €8.1m | €9.0m | €9.3m | €10.1m | ▲ 9.1% |
| Equity10/15 | €3.4m | €3.5m | €4.1m | €5.8m | €5.9m | ▲ 1.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Profit (loss) carried forward14 | €584,457 | €642,321 | €1.3m | €3.0m | €3.1m | ▲ 2.8% |
| Amounts payable17/49 | €4.0m | €4.6m | €4.9m | €3.4m | €4.2m | ▲ 22.0% |
| Amounts payable after more than one year17 | €902,851 | €426,546 | - | - | - | - |
| Financial debts170/4 | €902,851 | €426,546 | - | - | - | - |
| Credit institutions173 | €902,851 | €426,546 | - | - | - | - |
| Amounts payable within one year42/48 | €3.1m | €4.2m | €4.9m | €3.4m | €4.2m | ▲ 22.0% |
| Current portion of amounts payable after more than one year42 | €471,148 | €476,305 | €426,546 | - | - | - |
| Financial debts43 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Credit institutions430/8 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Trade debts44 | €24,885 | €37,112 | €117,998 | €102,349 | €86,380 | ▼ 15.6% |
| Suppliers440/4 | €24,885 | €37,112 | €117,998 | €102,349 | €86,380 | ▼ 15.6% |
| Taxes, remuneration and social security45 | €2,347 | €2,347 | - | - | - | - |
| Taxes450/3 | - | €0 | - | - | - | - |
| Remuneration and social security454/9 | €2,347 | €2,347 | - | - | - | - |
| Other amounts payable47/48 | €2.6m | €2.2m | €2.8m | €1.8m | €2.6m | ▲ 42.0% |
| Accrued charges and deferred income492/3 | €4,934 | €1,478 | €869 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,128 | €57,864 | €654,579 | €1.7m | €883,888 | ▼ 48.5% |
| Operating cash flow (approximation) | -€3,128 | €57,864 | €654,579 | €1.7m | €883,888 | ▼ 48.5% |
| Investment in fixed assets (approximation) | - | €0 | €303 | €0 | €0 | - |
| Change in cash | - | -€5,773 | -€5,706 | -€38,579 | -€4,834 | ▲ 87.5% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.7m ▲162%
Net result €1.7m, the highest in the series.
31-12
Financial
Equity above €5mEq €5.8m ▲41.8%
3 profitable years in a row build equity to €5.8m.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €57,864
Net result €57,864 after 2 loss-making years.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
31-12
Financial
Weakest financial yearnet -€3,128
Net result drops to -€3,128, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ciney · 1 establishment unit since 2012
Ground area
1.9 ha
Building footprint
5,821 m²
Parcel 91030B0310/00R008, Wallonia. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
CERFILS
since 20122.206.493.048
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0310/00R008 | Wallonia | 1.9 ha | 1 · 5,821 m² | - |
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
Teweka
71 companies
Group, risk and exposure
Owners and holdings
1 owner · 4 holdingsChain of control
- Teweka
- CERFILS
Highest known parent: Teweka. The sources do not say who stands above it.
Owners 1
- Tewekaparent100%
Holdings 4
-
100%
- FILSFILS DINANTsubsidiaryEquity €2.0mResult €425,809100%
- M. et G. FILSFILSsubsidiaryEquity €3.0mResult €440,149100%
-
17.2%
According to the 2025 annual accounts of CERFILS 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 10,022 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
083/211041Ciney
Fax
083/234344Ciney
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842814687
Also
9925:BE0842814687
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.