Cerimo
ActiveSummary
Cerimo has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38.9m and a net result of €2.8m. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+8
Solvency100=
Growth68=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 5.06 against 2.91 in 2024; short-term debt: 13.9% and cash: 1.3% of total assets), and 14.1% of the assets are financed with debt.
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Signals
Seven 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
85.9%
Return on assets
6.1%
Age of the figures
10 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 · Filed after the deadline
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 07-07-2026, 7 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
7 d late
2024
1 d early
2023
30 d late
2022
27 d late
2021
30 d late
2020
on the day
2019
on the day
← 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 13 days after the deadline; the sector median for financial year 2024 is 7 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 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-11-2026 close30-06-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€230,430▲ 37.3%
2019 · €167,808
EBIT margin
-62.8%▼ 432.9pp
2019 · 370.1%
Net result
€2.8m▲ 147%
2024 · €1.1m
Working capital
€25.5m▲ 13.1%
2024 · €22.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€296,128▼ 105%-€130,423▲ 56.0%-€243,216▼ 86.5%-€270,993▼ 11.4%-€174,286▲ 35.7%
Net result€465,309▼ 40.9%€1.0m▲ 125%€308,810▼ 70.5%€1.1m▲ 261%€2.8m▲ 147%
EBIT margin
Equity€33.7m▲ 1.4%€34.7m▲ 3.1%€35.0m▲ 0.9%€36.1m▲ 3.2%€38.9m▲ 7.6%
Total assets€35.6m▲ 3.9%€35.5m▼ 0.4%€35.7m▲ 0.7%€48.2m▲ 34.8%€45.3m▼ 6.0%
Debt€1.9m▲ 87.8%€683,282▼ 63.4%€612,401▼ 10.4%€11.9m▲ 1,849%€6.3m▼ 47.1%
Working capital€20.2m▲ 4.2%€22.0m▲ 8.8%€22.1m▲ 0.2%€22.6m▲ 2.3%€25.5m▲ 13.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €174,286 in 2025 against €270,993 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45.3m
Fixed assets
€13.5m ▼ 1.9%
Current assets
€31.8m ▼ 7.6%
Equity and liabilities €45.3m
Equity
€38.9m ▲ 7.6%
Provisions
€95,950 ▼ 4.7%
Debt
€6.3m ▼ 47.1%
Debt's share of the balance-sheet total falls from 24.8% to 13.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122,672▲
2024 · €49,801
Cash flow
€3.0m▲
2024 · €1.4m
Current ratio
5.06▲
2024 · 2.91
Debt to equity
0.16▼
2024 · 0.33
ROE
7.1%▲
2024 · 3.1%
ROA
6.1%▲
2024 · 2.3%
Interest coverage
0.43▲
2024 · 0.10
Debt ≤ 1 year
€6.3m▼
2024 · €11.8m
Income taxes
€493,671▲
2024 · €426,040
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €313,153 | €390,370 | €320,366 | €320,793 | €296,958 | ▼ 7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,980 | - | - | - | - |
| Other operating charges640/8 | €14,670 | €41,044 | €36,906 | €39,823 | €33,295 | ▼ 16.4% |
| Gross operating margin9900 | €31,696 | €305,971 | €114,056 | €89,623 | €155,967 | ▲ 74.0% |
| Operating profit (loss)9901 | -€296,128 | -€130,423 | -€243,216 | -€270,993 | -€174,286 | ▲ 35.7% |
| Financial income75/76B | €978,125 | €1.5m | €829,159 | €2.3m | €3.7m | ▲ 59.5% |
| Recurring financial income75 | €978,125 | €1.5m | €829,159 | €2.3m | €3.7m | ▲ 59.5% |
| Financial charges65/66B | €88,950 | €152,083 | €147,900 | €512,776 | €285,896 | ▼ 44.2% |
| Recurring financial charges65 | €88,950 | €152,083 | €147,900 | €512,776 | €285,896 | ▼ 44.2% |
| Profit (loss) for the period before taxes9903 | €593,047 | €1.2m | €438,043 | €1.5m | €3.2m | ▲ 111% |
| Transfer from deferred taxes780 | €4,685 | €4,685 | €4,685 | €4,685 | €4,685 | = |
| Income taxes67/77 | €132,424 | €203,152 | €133,918 | €426,040 | €493,671 | ▲ 15.9% |
| Profit (loss) for the period9904 | €465,309 | €1.0m | €308,810 | €1.1m | €2.8m | ▲ 147% |
| Transfer from tax-exempt reserves789 | €14,054 | €14,054 | €14,054 | €14,054 | €14,054 | = |
| Profit (loss) for the period to be appropriated9905 | €479,363 | €1.1m | €322,864 | €1.1m | €2.8m | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35.6m | €35.5m | €35.7m | €48.2m | €45.3m | ▼ 6.0% |
| Fixed assets21/28 | €13.7m | €12.9m | €13.1m | €13.7m | €13.5m | ▼ 1.9% |
| Tangible fixed assets22/27 | €3.2m | €3.4m | €3.1m | €3.2m | €3.0m | ▼ 6.8% |
| Land and buildings22 | €3.2m | €3.4m | €3.1m | €3.1m | €2.9m | ▼ 6.5% |
| Furniture and vehicles24 | €13,533 | €46,110 | €32,515 | €25,593 | €14,500 | ▼ 43.3% |
| Other tangible fixed assets26 | €2,700 | €3,878 | €3,750 | €8,623 | €8,495 | ▼ 1.5% |
| Financial fixed assets28 | €10.5m | €9.5m | €10.0m | €10.6m | €10.5m | ▼ 0.5% |
| Current assets29/58 | €22.0m | €22.6m | €22.6m | €34.4m | €31.8m | ▼ 7.6% |
| Amounts receivable after more than one year29 | €1.4m | €1.0m | €1.1m | €1.4m | €1.7m | ▲ 26.6% |
| Other amounts receivable291 | €1.4m | €1.0m | €1.1m | €1.4m | €1.7m | ▲ 26.6% |
| Stocks and contracts in progress3 | €38,980 | - | - | - | - | - |
| Stocks30/36 | €38,980 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €7.2m | €7.5m | €6.6m | €18.4m | €19.0m | ▲ 3.5% |
| Trade receivables40 | €8,796 | €201,054 | €39,939 | €1,179 | €1,692 | ▲ 43.6% |
| Other amounts receivable41 | €7.2m | €7.3m | €6.6m | €18.4m | €19.0m | ▲ 3.5% |
| Current investments50/53 | €11.8m | €12.5m | €13.0m | €13.6m | €9.8m | ▼ 27.9% |
| Cash at bank and in hand54/58 | €981,242 | €1.1m | €1.4m | €352,344 | €584,835 | ▲ 66.0% |
| Deferred charges and accrued income490/1 | €564,557 | €478,771 | €515,341 | €729,695 | €679,121 | ▼ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35.6m | €35.5m | €35.7m | €48.2m | €45.3m | ▼ 6.0% |
| Equity10/15 | €33.7m | €34.7m | €35.0m | €36.1m | €38.9m | ▲ 7.6% |
| Contributions10/11 | €14.1m | €14.1m | €14.1m | €14.1m | €14.1m | = |
| Capital10 | €14.1m | €14.1m | €14.1m | €14.1m | €14.1m | = |
| Issued capital100 | €14.1m | €14.1m | €14.1m | €14.1m | €14.1m | = |
| Reserves13 | €3.1m | €4.2m | €4.5m | €5.7m | €8.5m | ▲ 51.1% |
| Non-distributable reserves130/1 | €921,915 | €974,953 | €991,096 | €1.0m | €1.2m | ▲ 13.2% |
| Legal reserve130 | €921,728 | €974,767 | €990,910 | €1.0m | €1.2m | ▲ 13.2% |
| Reserves not available under the articles1311 | - | €187 | €187 | €187 | €187 | = |
| Other1319 | €187 | - | - | - | - | - |
| Tax-exempt reserves132 | €344,067 | €330,013 | €315,958 | €301,904 | €287,850 | ▼ 4.7% |
| Distributable reserves133 | €1.8m | €2.9m | €3.2m | €4.3m | €7.1m | ▲ 64.3% |
| Profit (loss) carried forward14 | €16.5m | €16.5m | €16.4m | €16.4m | €16.3m | ▼ 0.8% |
| Provisions and deferred taxes16 | €114,689 | €110,004 | €105,319 | €100,635 | €95,950 | ▼ 4.7% |
| Deferred taxes168 | €114,689 | €110,004 | €105,319 | €100,635 | €95,950 | ▼ 4.7% |
| Amounts payable17/49 | €1.9m | €683,282 | €612,401 | €11.9m | €6.3m | ▼ 47.1% |
| Amounts payable after more than one year17 | €139,430 | €99,800 | €58,323 | €14,915 | - | - |
| Financial debts170/4 | €139,430 | €99,800 | €58,323 | €14,915 | - | - |
| Amounts payable within one year42/48 | €1.7m | €572,963 | €548,457 | €11.8m | €6.3m | ▼ 47.0% |
| Current portion of amounts payable after more than one year42 | €37,866 | €39,630 | €41,476 | €43,409 | €14,915 | ▼ 65.6% |
| Financial debts43 | - | - | - | €10.6m | €5.0m | ▼ 52.8% |
| Credit institutions430/8 | - | - | - | €10.6m | €5.0m | ▼ 52.8% |
| Trade debts44 | €7,300 | €14,631 | €24,204 | €47,984 | €3,648 | ▼ 92.4% |
| Suppliers440/4 | €7,300 | €14,631 | €24,204 | €47,984 | €3,648 | ▼ 92.4% |
| Taxes, remuneration and social security45 | €45,440 | €38,496 | €43,696 | €173,949 | €232,750 | ▲ 33.8% |
| Taxes450/3 | €45,440 | €38,496 | €43,696 | €173,949 | €232,750 | ▲ 33.8% |
| Other amounts payable47/48 | €1.6m | €480,205 | €439,080 | €984,473 | €1.0m | ▲ 5.0% |
| Accrued charges and deferred income492/3 | €4,985 | €10,519 | €5,621 | €71,806 | €26,148 | ▼ 63.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €465,309 | €1.0m | €308,810 | €1.1m | €2.8m | ▲ 147% |
| + Depreciation and write-downs630 | €313,153 | €390,370 | €320,366 | €320,793 | €296,958 | ▼ 7.4% |
| Operating cash flow (approximation) | €778,462 | €1.4m | €629,176 | €1.4m | €3.0m | ▲ 112% |
| Investment in fixed assets (approximation) | - | €388,107 | -€531,728 | -€944,143 | -€31,624 | ▲ 96.7% |
| Change in cash | - | €87,376 | €337,820 | -€1.1m | €232,491 | ▲ 122% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 7 days late
20-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 05/02/2026
- Registered-office move, 22d, rue de la Cambre (1er étage) à 1200 Woluwe-Saint-Lambert
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-11
Financial
Weakest financial yearnet €308,810 ▼70.5%
Net result drops to €308,810, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
30-11
Financial
Liquidity triplescurrent ratio 39.45
Current ratio from 12.75 to 39.45; short-term debt falls from €1.7m to €572,963.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-11
Financial
Highest result since 2018net €3.3m ▲18.8%
Operating result €621,119, net result €3.3m, both a record.
30-11
Financial
Liquidity times 5current ratio 44.56
Current ratio from 8.30 to 44.56; short-term debt falls from €1.9m to €339,937.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 2 establishment units since 1992
Ground area
2,298 m²
Building footprint
557 m²
Volume, LiDAR
6,670 m³
3 parcels, Brussels, Wallonia · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
2 establishment units
CERIMO SA
since 19922.058.074.239
CERIMO
since 20002.058.074.338
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21674C0222/00H002 | Brussels | 1,947 m² | 1 · 357 m² | 16.6 m · 5 fl. |
| 21445C0255/00Y004 | Brussels | 225 m² | 1 · 96 m² | 14.1 m · 4 fl. |
| 52049B0355/00G000 | Wallonia | 126 m² | 1 · 105 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500VK71PENFNFOE71
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 446 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
Founded04-06-1992
Fiscal year end30-11
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.