CERISAIE DEVELOPMENT

Active

Private limited companyfounded 20224 yrs activeTerhulpsesteenweg 185, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0785.462.052

The computed 12-month bankruptcy probability of CERISAIE DEVELOPMENT is 1.7% (moderate). The 2025 annual accounts show negative equity (€-5k) and a net result of €-2k. Equity is shrinking by ~60.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 14038 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

34 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability37=

Solvency25=

Growth32▼-26

Track record94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 1.0 against 1.0 in 2024; short-term debt: 100.3% and cash: 0.3% of total assets), and equity is negative.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

-0.3%

Return on assets

-0.1%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year €-5k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

66 d early

2024

54 d early

2023

62 d early

2022

68 d early

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-5k▼ 57.2%

2024 · €-3k

2022: €-756 2023: €-2k 2024: €-3k

2022 → 2025

Total assets

€1.73M▲ 0.5%

2024 · €1.72M

2022: €1.95M 2023: €1.91M 2024: €1.72M

2022 → 2025

Net result

€-2k▼ 21.5%

2024 · €-2k

2022: €-2k 2023: €-1k 2024: €-2k

2022 → 2025

Working capital

€-5k▼ 57.2%

2024 · €-3k

2022: €-756 2023: €-2k 2024: €-3k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€-756-€-2k▼ 144%€-3k▼ 89.1%€-5k▼ 57.2%

Operating result€-2k-€-1k▲ 38.2%€-1k▼ 38.7%€-2k▼ 4.4%

Net result€-2k-€-1k▲ 38.1%€-2k▼ 51.1%€-2k▼ 21.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2k in 2025 against €1k in 2024; the loss grows.

Key figures and ratios

2025 value · change against 2024

Solvency

-0.3%▼

2024 · -0.2%

Current ratio

1.00▼

2024 · 1.00

Quick ratio

0.00▲

2024 · 0.00

ROA

-0.1%▼

2024 · -0.1%

Debt

€1.74M▲

2024 · €1.72M

Debt ≤ 1 year

€1.74M▲

2024 · €1.72M

A ratio outside any meaningful range has been withheld (balance sheet total €1.73M, equity €-5k).

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€1.72M€1.73M▲

Current assets29/58€1.72M€1.73M▲

Stocks and contracts in progress3€1.72M€1.72M▲

Stocks30/36€1.72M€1.72M▲

Amounts receivable within one year40/41€142€11▼

Other amounts receivable41€142€11▼

Cash at bank and in hand54/58€494€5k▲

Equity and liabilities

Total equity and liabilities10/49€1.72M€1.73M▲

Equity10/15€-3k€-5k▼

Contributions10/11€1k€1k=

Profit (loss) carried forward14€-4k€-6k▼

Amounts payable17/49€1.72M€1.74M▲

Amounts payable within one year42/48€1.72M€1.74M▲

Other amounts payable47/48€1.72M€1.74M▲

Income statement Code20242025

Other operating charges640/8€968€998▲

Gross operating margin9900€-504€-537▼

Operating profit (loss)9901€-1k€-2k▼

Financial charges65/66B€172€460▲

Recurring financial charges65€172€460▲

Profit (loss) for the period before taxes9903€-2k€-2k▼

Profit (loss) for the period9904€-2k€-2k▼

Profit (loss) for the period to be appropriated9905€-2k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-4k€-6k▼

Profit (loss) brought forward from the previous period14P€-3k€-4k▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-2k

Net result drops to €-2k, the lowest in the series.

07-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

24-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2022

establishment approximate The establishment unit on the map

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.

Terhulpsesteenweg 1851170 Watermaal-Bosvoorde

Ground area

8,605 m²

Building footprint

1,129 m²

Volume, LiDAR

30,086 m³

2 parcels, Brussels, Wallonia · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.

1 establishment unit

CERISAIE DEVELOPMENT

Rue de la Basse,Spy 2, 5190 Jemeppe-sur-SambreReal estate development

since 20222.332.955.413

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21652E0042/00H002 ProtectedMonument · Site or landscapeCBRSource ↗	Brussels	7,608 m²	1 · 1,019 m²	35.8 m · 10 fl.
92119C0225/00S000	Wallonia	997 m²	1 · 110 m²	9.5 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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).

Similar companies · same sector and region

We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 7,321 companies in sector 68110 we hold annual accounts for 5,381.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-04-2022

Fiscal year end31-12

Activities, NACEBEL

68110Buying and selling of own real estate

68121Development of residential building projects

68122Development of non-residential building projects

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

68204Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.