CERGOLUX
ActiveCERGOLUX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 16% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▲+1
Solvency40=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.82 in 2024; short-term debt: 66% and cash: 0.9% of total assets), and 84.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
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
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
15.4%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €109k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
21 d early
2023
29 d late
2022
28 d late
2021
23 d late
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€109k▲ 4.9%
2024 · €104k
2018: €100k
2019: €97k
2020: €87k
2021: €96k
2022: €92k
2023: €97k
2024: €104k
2018 → 2025
Total assets
€710k▲ 1.4%
2024 · €700k
2018: €605k
2019: €615k
2020: €635k
2021: €649k
2022: €640k
2023: €661k
2024: €700k
2018 → 2025
Net result
€5k▼ 28.0%
2024 · €7k
2018: €14k
2019: €-3k
2020: €-10k
2021: €10k
2022: €-4k
2023: €5k
2024: €7k
2018 → 2025
Working capital
€-130k▼ 64.8%
2024 · €-79k
2018: €-18k
2019: €-34k
2020: €11k
2021: €-37k
2022: €-65k
2023: €-82k
2024: €-79k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€92k▼ 4.0%€97k▲ 5.1%€104k▲ 7.2%€109k▲ 4.9%
Operating result€24k-€11k▼ 55.5%€22k▲ 104%€26k▲ 18.1%€24k▼ 9.1%
Net result€10k-€-4k€5k€7k▲ 49.7%€5k▼ 28.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €710k
Fixed assets
€371k▲ 10.9%
Current assets
€338k▼ 7.4%
Equity and liabilities €710k
Equity
€109k▲ 4.9%
Provisions
€14k▼ 4.9%
Debt
€587k▲ 0.9%
The debt ratio falls from 83.1% to 82.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €41k
Cash flow
€25k▲
2024 · €22k
Solvency
15.4%▲
2024 · 14.9%
Current ratio
0.72▼
2024 · 0.82
Quick ratio
0.40▼
2024 · 0.53
Debt / equity
5.37▼
2024 · 5.59
ROE
4.6%▼
2024 · 6.7%
ROA
0.7%▼
2024 · 1.0%
Interest coverage
2.48▲
2024 · 2.26
Debt
€587k▲
2024 · €582k
Debt ≤ 1 year
€468k▲
2024 · €444k
Debt > 1 year
€118k▼
2024 · €134k
Income taxes
€2k▼
2024 · €2k
Staff costs
€180k▲
2024 · €151k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€700k€710k▲
Fixed assets21/28€335k€371k▲
Tangible fixed assets22/27€334k€371k▲
Land and buildings22€301k€325k▲
Plant, machinery and equipment23€28k€22k▼
Furniture and vehicles24€5k€24k▲
Financial fixed assets28€545€545=
Current assets29/58€365k€338k▼
Stocks and contracts in progress3€131k€149k▲
Stocks30/36€101k€113k▲
Contracts in progress37€30k€37k▲
Amounts receivable within one year40/41€213k€176k▼
Trade receivables40€174k€134k▼
Other amounts receivable41€38k€42k▲
Cash at bank and in hand54/58€17k€6k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€700k€710k▲
Equity10/15€104k€109k▲
Contributions10/11€12k€12k=
Reserves13€64k€62k▼
Tax-exempt reserves132€28k€27k▼
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€28k€35k▲
Provisions and deferred taxes16€14k€14k▼
Deferred taxes168€14k€14k▼
Amounts payable17/49€582k€587k▲
Amounts payable after more than one year17€134k€118k▼
Financial debts170/4€134k€118k▼
Amounts payable within one year42/48€444k€468k▲
Current portion of amounts payable after more than one year42€32k€39k▲
Financial debts43€87k€81k▼
Credit institutions430/8€87k€81k▼
Trade debts44€263k€293k▲
Suppliers440/4€263k€293k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3€7k€2k▼
Remuneration and social security454/9€17k€16k▼
Other amounts payable47/48€39k€37k▼
Accrued charges and deferred income492/3€3k€348▼
Income statement
Code20242025
Remuneration, social security and pensions62€151k€180k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲
Other operating charges640/8€2k€8k▲
Gross operating margin9900€194k€232k▲
Operating profit (loss)9901€26k€24k▼
Financial income75/76B€209€263▲
Recurring financial income75€209€263▲
Financial charges65/66B€18k€18k▼
Recurring financial charges65€18k€18k▼
Profit (loss) for the period before taxes9903€8k€6k▼
Transfer from deferred taxes780€1k€708▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€7k€5k▼
Transfer from tax-exempt reserves789€2k€1k▼
Profit (loss) for the period to be appropriated9905€9k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€35k▲
Profit (loss) brought forward from the previous period14P€19k€28k▲
Social balance
Average headcount (FTE)90872.63.3▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €104k ▲7.2%
2 profitable years in a row build equity to €104k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Dentergem · 1 establishment unit since 1997
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.
Olsenesteenweg(Oes) 78720 DentergemGround area
2,939 m²
Building footprint
146 m²
Volume, LiDAR
705 m³
Parcel 37008A0181/00K000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CERGOLUX
since 19972.081.237.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37008A0181/00K000 | Flanders | 2,939 m² | 1 · 146 m² | 6.9 m · 2 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.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsBinnen- en buitenschrijnwerk duaal (so)
Medewerker hout duaal (so)
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SCHRIJNWERKERIJ CRAUWELS
BE 0862.197.564
Lint · Eq €110k
KR INTERIEURPROJECTEN
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Kapellen · Eq €108k
HOUTCREATIES VANTOMME
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Kortrijk · Eq €111k
Of 746 companies in sector 43332 we hold annual accounts for 411. 353 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-1997
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43332Laying of wooden floor and wall coverings
45421
45432
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.