CERGELIS
ActiveSummary
CERGELIS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.84M and a net result of €178k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency88▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.03 in 2024; short-term debt: 5.3% and cash: 5.9% of total assets), and 36.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
63.1%
Return on assets
2.3%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
31 d early
2023
48 d early
2022
53 d early
2021
51 d early
2020
53 d early
2019
53 d early
← 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
Financials · fiscal year 2025, abbreviated schema
Equity
€4.84M▲ 3.8%
2024 · €4.66M
2018: €3.98Mlowest in 8 years
2019: €4.05M▲ +1.7% vs 2018
2020: €4.15M▲ +2.5% vs 2019
2021: €4.25M▲ +2.4% vs 2020
2022: €4.35M▲ +2.4% vs 2021
2023: €4.50M▲ +3.4% vs 2022
2024: €4.66M▲ +3.6% vs 2023
2025: €4.84M▲ +3.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€7.67M▼ 2.6%
2024 · €7.88M
2018: €6.19M
2019: €6.00M▼ -3.1% vs 2018
2020: €5.46M▼ -8.9% vs 2019lowest in 8 years
2021: €8.13M▲ +48.7% vs 2020highest in 8 years
2022: €7.89M▼ -2.9% vs 2021
2023: €8.02M▲ +1.6% vs 2022
2024: €7.88M▼ -1.8% vs 2023
2025: €7.67M▼ -2.6% vs 2024
2018 → 2025
Net result
€178k▲ 10.3%
2024 · €161k
2018: €97k
2019: €68k▼ -29.6% vs 2018lowest in 8 years
2020: €100k▲ +45.9% vs 2019
2021: €99k▼ -1.3% vs 2020
2022: €102k▲ +3.7% vs 2021
2023: €148k▲ +44.5% vs 2022
2024: €161k▲ +9.1% vs 2023
2025: €178k▲ +10.3% vs 2024highest in 8 years
2018 → 2025
Working capital
€58k▲ 247%
2024 · €17k
2018: €-291k
2019: €-325k▼ -11.8% vs 2018
2020: €64k▲ +120% vs 2019highest in 8 years
2021: €-537k▼ -940% vs 2020lowest in 8 years
2022: €-97k▲ +81.9% vs 2021
2023: €34k▲ +135% vs 2022
2024: €17k▼ -51.7% vs 2023
2025: €58k▲ +247% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.25M-€4.35M▲ 2.4%€4.50M▲ 3.4%€4.66M▲ 3.6%€4.84M▲ 3.8%
2021: €4.25Mlowest in 5 years
2022: €4.35M▲ +2.4% vs 2021
2023: €4.50M▲ +3.4% vs 2022
2024: €4.66M▲ +3.6% vs 2023
2025: €4.84M▲ +3.8% vs 2024highest in 5 years
Operating result€154k-€188k▲ 22.1%€247k▲ 31.4%€264k▲ 6.6%€285k▲ 8.0%
2021: €154klowest in 5 years
2022: €188k▲ +22.1% vs 2021
2023: €247k▲ +31.4% vs 2022
2024: €264k▲ +6.6% vs 2023
2025: €285k▲ +8.0% vs 2024highest in 5 years
Net result€99k-€102k▲ 3.7%€148k▲ 44.5%€161k▲ 9.1%€178k▲ 10.3%
2021: €99klowest in 5 years
2022: €102k▲ +3.7% vs 2021
2023: €148k▲ +44.5% vs 2022
2024: €161k▲ +9.1% vs 2023
2025: €178k▲ +10.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.67M
Fixed assets
€7.21M ▼ 2.1%
Current assets
€462k ▼ 10.6%
Equity and liabilities €7.67M
Equity
€4.84M ▲ 3.8%
Provisions
€18k =
Debt
€2.81M ▼ 12.0%
Debt's share of the balance-sheet total falls from 40.6% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€437k▲
2024 · €416k
Cash flow
€330k▲
2024 · €313k
Current ratio
1.14▲
2024 · 1.03
Debt to equity
0.58▼
2024 · 0.69
ROE
3.7%▲
2024 · 3.5%
ROA
2.3%▲
2024 · 2.0%
Interest coverage
9.15▲
2024 · 8.52
Debt ≤ 1 year
€405k▼
2024 · €500k
Debt > 1 year
€2.41M▼
2024 · €2.70M
Income taxes
€59k▲
2024 · €54k
Staff costs
€-89▼
2024 · €138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.88M€7.67M▼
Fixed assets21/28€7.36M€7.21M▼
Tangible fixed assets22/27€1.88M€1.73M▼
Land and buildings22€1.88M€1.73M▼
Financial fixed assets28€5.48M€5.48M=
Current assets29/58€517k€462k▼
Amounts receivable within one year40/41€52k€629▼
Trade receivables40€2k€0▼
Other amounts receivable41€50k€629▼
Cash at bank and in hand54/58€460k€455k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€7.88M€7.67M▼
Equity10/15€4.66M€4.84M▲
Contributions10/11€2.95M€2.95M=
Reserves13€1.71M€1.89M▲
Non-distributable reserves130/1€82k€82k=
Reserves not available under the articles1311€82k€82k=
Distributable reserves133€1.63M€1.81M▲
Provisions and deferred taxes16€18k€18k=
Provisions for liabilities and charges160/5€18k€18k=
Environmental obligations163€18k€18k=
Amounts payable17/49€3.20M€2.81M▼
Amounts payable after more than one year17€2.70M€2.41M▼
Financial debts170/4€2.59M€2.30M▼
Other amounts payable178/9€106k€107k▲
Amounts payable within one year42/48€500k€405k▼
Current portion of amounts payable after more than one year42€395k€308k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Advances received on contracts in progress46€15k€0▼
Taxes, remuneration and social security45€6k€13k▲
Taxes450/3€6k€13k▲
Other amounts payable47/48€81k€80k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€138€-89▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€152k=
Other operating charges640/8€3k€4k▲
Gross operating margin9900€420k€440k▲
Operating profit (loss)9901€264k€285k▲
Financial income75/76B€25€57▲
Recurring financial income75€25€57▲
Financial charges65/66B€49k€48k▼
Recurring financial charges65€49k€48k▼
Profit (loss) for the period before taxes9903€215k€237k▲
Income taxes67/77€54k€59k▲
Profit (loss) for the period9904€161k€178k▲
Profit (loss) for the period to be appropriated9905€161k€178k▲
Appropriation of the result
Profit (loss) to be appropriated9906€161k€178k▲
Transfer to equity691/2€161k€178k▲
To other reserves6921€161k€178k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17k | €2k | €869 | €138 | €-89 | ▼ 165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €154k | €154k | €153k | €152k | €152k | = |
| Other operating charges640/8 | €4k | €3k | €3k | €3k | €4k | ▲ 2.9% |
| Gross operating margin9900 | €329k | €347k | €405k | €420k | €440k | ▲ 5.0% |
| Operating profit (loss)9901 | €154k | €188k | €247k | €264k | €285k | ▲ 8.0% |
| Financial income75/76B | €4k | €141 | €2 | €25 | €57 | ▲ 130% |
| Recurring financial income75 | €4k | €141 | €2 | €25 | €57 | ▲ 130% |
| Financial charges65/66B | €28k | €52k | €51k | €49k | €48k | ▼ 2.2% |
| Recurring financial charges65 | €28k | €52k | €51k | €49k | €48k | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €130k | €136k | €197k | €215k | €237k | ▲ 10.3% |
| Income taxes67/77 | €32k | €34k | €49k | €54k | €59k | ▲ 10.2% |
| Profit (loss) for the period9904 | €99k | €102k | €148k | €161k | €178k | ▲ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €99k | €102k | €148k | €161k | €178k | ▲ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.13M | €7.89M | €8.02M | €7.88M | €7.67M | ▼ 2.6% |
| Fixed assets21/28 | €7.82M | €7.67M | €7.51M | €7.36M | €7.21M | ▼ 2.1% |
| Tangible fixed assets22/27 | €2.34M | €2.19M | €2.03M | €1.88M | €1.73M | ▼ 8.1% |
| Land and buildings22 | €2.34M | €2.19M | €2.03M | €1.88M | €1.73M | ▼ 8.1% |
| Financial fixed assets28 | €5.48M | €5.48M | €5.48M | €5.48M | €5.48M | = |
| Current assets29/58 | €308k | €224k | €506k | €517k | €462k | ▼ 10.6% |
| Amounts receivable after more than one year29 | €50k | €50k | €0 | - | - | - |
| Trade receivables290 | €50k | €50k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €6k | €10k | €51k | €52k | €629 | ▼ 98.8% |
| Trade receivables40 | €3k | €0 | €18 | €2k | €0 | ▼ 100% |
| Other amounts receivable41 | €3k | €10k | €51k | €50k | €629 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €243k | €165k | €408k | €460k | €455k | ▼ 1.2% |
| Deferred charges and accrued income490/1 | €9k | €0 | €48k | €4k | €7k | ▲ 51.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.13M | €7.89M | €8.02M | €7.88M | €7.67M | ▼ 2.6% |
| Equity10/15 | €4.25M | €4.35M | €4.50M | €4.66M | €4.84M | ▲ 3.8% |
| Contributions10/11 | €2.95M | €2.95M | €2.95M | €2.95M | €2.95M | = |
| Reserves13 | €1.30M | €1.40M | €1.55M | €1.71M | €1.89M | ▲ 10.4% |
| Non-distributable reserves130/1 | €82k | €82k | €82k | €82k | €82k | = |
| Reserves not available under the articles1311 | €82k | €82k | €82k | €82k | €82k | = |
| Distributable reserves133 | €1.22M | €1.32M | €1.47M | €1.63M | €1.81M | ▲ 10.9% |
| Provisions and deferred taxes16 | €18k | €18k | €18k | €18k | €18k | = |
| Provisions for liabilities and charges160/5 | €18k | €18k | €18k | €18k | €18k | = |
| Environmental obligations163 | €18k | €18k | €18k | €18k | €18k | = |
| Amounts payable17/49 | €3.86M | €3.52M | €3.50M | €3.20M | €2.81M | ▼ 12.0% |
| Amounts payable after more than one year17 | €3.01M | €3.20M | €3.02M | €2.70M | €2.41M | ▼ 10.7% |
| Financial debts170/4 | €2.91M | €3.09M | €2.92M | €2.59M | €2.30M | ▼ 11.2% |
| Other amounts payable178/9 | €101k | €103k | €104k | €106k | €107k | ▲ 1.4% |
| Amounts payable within one year42/48 | €845k | €321k | €472k | €500k | €405k | ▼ 19.1% |
| Current portion of amounts payable after more than one year42 | €371k | €309k | €386k | €395k | €308k | ▼ 22.1% |
| Trade debts44 | €5k | €4k | €267 | €2k | €4k | ▲ 64.4% |
| Suppliers440/4 | €5k | €4k | €267 | €2k | €4k | ▲ 64.4% |
| Advances received on contracts in progress46 | - | - | - | €15k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €10k | €7k | €2k | €6k | €13k | ▲ 117% |
| Taxes450/3 | €7k | €7k | €2k | €6k | €13k | ▲ 117% |
| Remuneration and social security454/9 | €3k | €0 | - | - | - | - |
| Other amounts payable47/48 | €459k | €1k | €83k | €81k | €80k | ▼ 1.6% |
| Accrued charges and deferred income492/3 | €3k | €3k | €4k | €2k | €2k | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99k | €102k | €148k | €161k | €178k | ▲ 10.3% |
| + Depreciation and write-downs630 | €154k | €154k | €153k | €152k | €152k | = |
| Operating cash flow (approximation) | €252k | €256k | €301k | €313k | €330k | ▲ 5.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-78k | €243k | €52k | €-5k | ▼ 110% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €178k ▲10.3%
Operating result €285k, net result €178k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.26
Current ratio from 0.52 to 1.26; short-term debt falls from €670k to €246k.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €68k ▼29.6%
Net result drops to €68k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Oudsbergen · 2 establishment units since 2005
Ground area
2.2 ha
Building footprint
5,788 m²
Volume, LiDAR
47,060 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
CERGELIS BVBA
since 20052.150.400.324
Hasseltweg 240, 3600 Genk
since 20182.274.784.810
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00F155 | Flanders | 1.2 ha | 1 · 188 m² | 7.4 m · 2 fl. |
| 71562B0913/00Z007 | Flanders | 1.0 ha | 1 · 5,600 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
M2B IMMO
BE 0846.173.857
Thimister-Clermont · Eq €4.84M
Brico-Trading
BE 0401.296.918
Dilbeek · Eq €4.83M
STUDIE- EN EXPERTISEBUREAU DE PALMENAER
BE 0421.239.425
Gent · Eq €4.82M
IMMO STEENHOVEN
BE 0766.404.423
Mol · Eq €4.80M
E. MARTENS
BE 0479.511.778
Schoten · Eq €4.79M
Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 2,696 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
Founded06-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.