CERFON
ActiveThe computed 12-month bankruptcy probability of CERFON is 1.8% (moderate). The 2024 annual accounts show equity of €100k and a net result of €24k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 38% of 18942 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▲+24
Solvency40▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.55 in 2023; short-term debt: 23.4% and cash: 2.5% of total assets), and 85.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.6%
Return on assets
3.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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
not confirmed
2024
55 d late
2023
47 d late
2022
31 d late
2021
109 d late
2020
102 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€100k▲ 31.0%
2023 · €76k
2018: €59k
2019: €22k
2020: €21k
2021: €27k
2022: €83k
2023: €76k
2018 → 2024
Total assets
€683k▲ 2.5%
2023 · €666k
2018: €136k
2019: €753k
2020: €732k
2021: €678k
2022: €677k
2023: €666k
2018 → 2024
Net result
€24k
2023 · €-3k
2018: €15k
2019: €-37k
2020: €-1k
2021: €7k
2022: €55k
2023: €-3k
2018 → 2024
Working capital
€-54k▲ 14.8%
2023 · €-63k
2018: €29k
2019: €-105k
2020: €-111k
2021: €-109k
2022: €-42k
2023: €-63k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€27k▲ 32.7%€83k▲ 203%€76k▼ 7.8%€100k▲ 31.0%
Operating result€19k-€28k▲ 44.7%€80k▲ 190%€35k▼ 55.6%€61k▲ 72.7%
Net result€-1k-€7k€55k▲ 725%€-3k€24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 73% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €683k
Fixed assets
€577k▼ 1.8%
Current assets
€106k▲ 35.1%
Equity and liabilities €683k
Equity
€100k▲ 31.0%
Debt
€583k▼ 1.2%
The debt ratio falls from 88.6% to 85.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95k▲
2023 · €67k
Cash flow
€57k▲
2023 · €28k
Solvency
14.6%▲
2023 · 11.4%
Current ratio
0.66▲
2023 · 0.55
Quick ratio
0.64▲
2023 · 0.52
Debt / equity
5.84▼
2023 · 7.74
ROE
23.7%▲
2023 · -4.4%
ROA
3.5%▲
2023 · -0.5%
Interest coverage
4.20▲
2023 · 1.85
Debt
€583k▼
2023 · €590k
Debt ≤ 1 year
€160k▲
2023 · €142k
Debt > 1 year
€421k▼
2023 · €444k
Income taxes
€16k▲
2023 · €3k
Staff costs
€121k▲
2023 · €101k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€666k€683k▲
Fixed assets21/28€588k€577k▼
Tangible fixed assets22/27€588k€577k▼
Land and buildings22€569k€543k▼
Plant, machinery and equipment23€3k€14k▲
Furniture and vehicles24€15k€20k▲
Financial fixed assets28€190€190=
Current assets29/58€78k€106k▲
Stocks and contracts in progress3€5k€3k▼
Stocks30/36€5k€3k▼
Amounts receivable within one year40/41€46k€83k▲
Trade receivables40€46k€82k▲
Other amounts receivable41€140€1k▲
Cash at bank and in hand54/58€14k€17k▲
Deferred charges and accrued income490/1€13k€3k▼
Equity and liabilities
Total equity and liabilities10/49€666k€683k▲
Equity10/15€76k€100k▲
Contributions10/11€13k€13k=
Reserves13€9k€9k=
Tax-exempt reserves132€9k€9k=
Profit (loss) carried forward14€55k€78k▲
Amounts payable17/49€590k€583k▼
Amounts payable after more than one year17€444k€421k▼
Financial debts170/4€444k€421k▼
Amounts payable within one year42/48€142k€160k▲
Current portion of amounts payable after more than one year42€48k€23k▼
Trade debts44€31k€95k▲
Suppliers440/4€31k€95k▲
Taxes, remuneration and social security45€60k€41k▼
Taxes450/3€45k€29k▼
Remuneration and social security454/9€14k€12k▼
Other amounts payable47/48€3k€1k▼
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€101k€121k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€34k▲
Other operating charges640/8€8k€5k▼
Gross operating margin9900€176k€221k▲
Operating profit (loss)9901€35k€61k▲
Financial income75/76B€82€582▲
Recurring financial income75€82€582▲
Financial charges65/66B€36k€23k▼
Recurring financial charges65€36k€23k▼
Profit (loss) for the period before taxes9903€-832€39k▲
Income taxes67/77€3k€16k▲
Profit (loss) for the period9904€-3k€24k▲
Profit (loss) for the period to be appropriated9905€-3k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€78k▲
Profit (loss) brought forward from the previous period14P€58k€55k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €55k ▲725%
Operating result €80k, net result €55k, both a record.
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €-37k ▼341%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 38 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Limbourg · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Saint-Georges 314830 LimbourgGround area
310 m²
Building footprint
147 m²
Volume, LiDAR
1,307 m³
Parcel 63046A0515/00C000, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Brasserie Saint Georges
since 20122.209.845.090
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63046A0515/00C000 ProtectedArchitectural ensemble · Monument · Site or landscape |
Wallonia | 310 m² | 1 · 147 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteLimbourg2.209.845.090
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,573 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2011
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
56210Event catering
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.