CERIM
ActiveSummary
CERIM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,046 and a net result of €21,525. Equity is growing by ~55.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 7098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-13
Solvency82▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.24 in 2024; short-term debt: 39.5% and cash: 0.1% of total assets), and 43.1% of the assets are financed with debt.
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Signals
Four 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
56.9%
Return on assets
12.1%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-05-2026, 26 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
26 d late
2024
27 d late
2023
5 d early
2022
2 d early
2021
18 d late
2020
28 d late
2019
65 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 4 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 18 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21,525▼ 15.0%
2024 · €25,327
Working capital
€107,396▲ 33.1%
2024 · €80,673
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Operating result€11,361▼ 48.5%€30,179▲ 166%€21,942▼ 27.3%€35,329▲ 61.0%€30,240▼ 14.4%
Net result€7,987within the sector's middle half▼ 63.0%€21,510within the sector's middle half▲ 169%€15,503within the sector's middle half▼ 27.9%€25,327within the sector's middle half▲ 63.4%€21,525within the sector's middle half▼ 15.0%
Equity€17,180within the sector's middle half▲ 86.9%€38,691within the sector's middle half▲ 125%€54,194within the sector's middle half▲ 40.1%€79,521within the sector's middle half▲ 46.7%€101,046within the sector's middle half▲ 27.1%
Total assets€138,012within the sector's middle half=€138,134within the sector's middle half▲ 0.1%€138,270within the sector's middle half▲ 0.1%€145,533within the sector's middle half▲ 5.3%€177,569within the sector's middle half▲ 22.0%
Debt€120,831▼ 6.2%€99,443▼ 17.7%€84,076▼ 15.5%€66,011▼ 21.5%€76,523▲ 15.9%
Working capital€17,478within the sector's middle half▲ 84.2%€42,988within the sector's middle half▲ 146%€58,529within the sector's middle half▲ 36.1%€80,673within the sector's middle half▲ 37.8%€107,396within the sector's middle half▲ 33.1%
Solvency12.4%below the sector's middle half▲ 5.8pp28.0%within the sector's middle half▲ 15.6pp39.2%within the sector's middle half▲ 11.2pp54.6%within the sector's middle half▲ 15.4pp56.9%within the sector's middle half▲ 2.3pp
Current ratio1.15within the sector's middle half▲ 0.071.45within the sector's middle half▲ 0.311.73within the sector's middle half▲ 0.282.24within the sector's middle half▲ 0.512.53within the sector's middle half▲ 0.29
Return on assets (ROA)5.8%within the sector's middle half▼ 9.9pp15.6%within the sector's middle half▲ 9.8pp11.2%within the sector's middle half▼ 4.4pp17.4%within the sector's middle half▲ 6.2pp12.1%within the sector's middle half▼ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,569
Fixed assets
€50 =
Current assets
€177,520 ▲ 22.0%
Equity and liabilities €177,569
Equity
€101,046 ▲ 27.1%
Debt
€76,523 ▲ 15.9%
Debt's share of the balance-sheet total falls from 45.4% to 43.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
1.89▲
2024 · 1.55
Debt to equity
0.76▼
2024 · 0.83
ROE
21.3%▼
2024 · 31.8%
Debt ≤ 1 year
€70,123▲
2024 · €64,810
Income taxes
€8,613▼
2024 · €9,923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €395 | €1,380 | €843 | €945 | €431 | ▼ 54.5% |
| Gross operating margin9900 | €11,757 | €31,559 | €22,786 | €36,275 | €30,670 | ▼ 15.4% |
| Operating profit (loss)9901 | €11,361 | €30,179 | €21,942 | €35,329 | €30,240 | ▼ 14.4% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | €79 | €71 | €72 | €79 | €102 | ▲ 28.6% |
| Recurring financial charges65 | €79 | €71 | €72 | €79 | €102 | ▲ 28.6% |
| Profit (loss) for the period before taxes9903 | €11,282 | €30,110 | €21,870 | €35,250 | €30,138 | ▼ 14.5% |
| Income taxes67/77 | €3,295 | €8,599 | €6,367 | €9,923 | €8,613 | ▼ 13.2% |
| Profit (loss) for the period9904 | €7,987 | €21,510 | €15,503 | €25,327 | €21,525 | ▼ 15.0% |
| Profit (loss) for the period to be appropriated9905 | €7,987 | €21,510 | €15,503 | €25,327 | €21,525 | ▼ 15.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,012 | €138,134 | €138,270 | €145,533 | €177,569 | ▲ 22.0% |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | €50 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €137,962 | €138,084 | €138,221 | €145,483 | €177,520 | ▲ 22.0% |
| Stocks and contracts in progress3 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Contracts in progress37 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Amounts receivable within one year40/41 | €92,950 | €92,994 | €92,946 | €99,860 | €132,422 | ▲ 32.6% |
| Trade receivables40 | €91,664 | €91,664 | €91,664 | €96,661 | €98,538 | ▲ 1.9% |
| Other amounts receivable41 | €1,286 | €1,330 | €1,282 | €3,199 | €33,884 | ▲ 959% |
| Cash at bank and in hand54/58 | €12 | €90 | €274 | €261 | €98 | ▼ 62.4% |
| Deferred charges and accrued income490/1 | - | - | - | €362 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,012 | €138,134 | €138,270 | €145,533 | €177,569 | ▲ 22.0% |
| Equity10/15 | €17,180 | €38,691 | €54,194 | €79,521 | €101,046 | ▲ 27.1% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €13,394 | €13,394 | €13,394 | €13,394 | €13,394 | = |
| Tax-exempt reserves132 | €13,394 | €13,394 | €13,394 | €13,394 | €13,394 | = |
| Profit (loss) carried forward14 | -€58,714 | -€37,204 | -€21,701 | €3,627 | €25,152 | ▲ 594% |
| Amounts payable17/49 | €120,831 | €99,443 | €84,076 | €66,011 | €76,523 | ▲ 15.9% |
| Amounts payable within one year42/48 | €120,484 | €95,096 | €79,692 | €64,810 | €70,123 | ▲ 8.2% |
| Trade debts44 | €8,394 | €8,955 | €11,735 | €14,997 | €17,721 | ▲ 18.2% |
| Suppliers440/4 | €8,394 | €8,955 | €11,735 | €14,997 | €17,721 | ▲ 18.2% |
| Taxes, remuneration and social security45 | €5,950 | €11,905 | €16,491 | €11,320 | €17,035 | ▲ 50.5% |
| Taxes450/3 | €5,950 | €11,905 | €16,491 | €11,320 | €17,035 | ▲ 50.5% |
| Other amounts payable47/48 | €106,140 | €74,235 | €51,466 | €38,493 | €35,367 | ▼ 8.1% |
| Accrued charges and deferred income492/3 | €348 | €4,348 | €4,384 | €1,201 | €6,400 | ▲ 433% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,987 | €21,510 | €15,503 | €25,327 | €21,525 | ▼ 15.0% |
| Operating cash flow (approximation) | €7,987 | €21,510 | €15,503 | €25,327 | €21,525 | ▼ 15.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €78 | €184 | -€14 | -€163 | ▼ 1,088% |
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
17-07
State Gazette act
Resignation: Jean-Pierre WARGNIES (director)Shareholding · Share transfer4 facts ▸
State Gazette act
Resignation: Jean-Pierre WARGNIES (director)
Shareholding · Share transfer4 facts ▸
- Director resignation, Jean-Pierre WARGNIES (director)
- Shareholding, Christian DEJARDIN
- Director in office, Christian DEJARDIN (director)
- Share transfer, Jean-Pierre WARGNIES
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-09
Financial
Equity above €100,000Eq €101,046 ▲27.1%
8 profitable years in a row build equity to €101,046.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-09
Financial
Highest result since 2018net €25,327 ▲63.4%
Operating result €35,329, net result €25,327, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Namur
Ground area
158 m²
Building footprint
153 m²
Volume, LiDAR
1,824 m³
Parcel 92094C0295/00P000, Wallonia · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0295/00P000 | Wallonia | 158 m² | 1 · 153 m² | 15.9 m · 4 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jean-Pierre WARGNIES |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 17-07-2026 ↗
- Christian DEJARDIN all shares
Share transfer
act of 17-07-2026 ↗
- from Jean-Pierre WARGNIES
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 2,710 companies in sector 73200 we hold annual accounts for 1,787. 1,311 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 (pre-2019)
Founded20-12-1991
Fiscal year end30-09
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446154567
Registered
19-12-2025
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.