CERITECH
ActiveSummary
CERITECH has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14,650 and a net result of €23,491. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+29
Solvency39▲+23
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.86 against 0.64 in 2023; short-term debt: 84.2% and cash: 1.6% of total assets), and 85.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
14.4%
Return on assets
23.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
104 d late
2023
49 d late
2022
92 d late
2021
16 d late
2020
86 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 72 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€14,650
2023 · -€8,841
Total assets
€101,480▲ 8.0%
2023 · €93,980
Net result
€23,491▲ 75,144%
2023 · €31
Working capital
-€12,208▲ 60.4%
2023 · -€30,819
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result-€5,075▼ 34.7%-€5,602▼ 10.4%€2,085€1,562▼ 25.1%€26,412▲ 1,591%
Net result-€7,654below the sector's middle half▼ 25.0%-€8,460below the sector's middle half▼ 10.5%€172below the sector's middle half€31below the sector's middle half▼ 81.9%€23,491within the sector's middle half▲ 75,144%
Equity-€585below the sector's middle half-€9,044below the sector's middle half▼ 1,447%-€8,872below the sector's middle half▲ 1.9%-€8,841below the sector's middle half▲ 0.4%€14,650below the sector's middle half
Total assets€162,533within the sector's middle half▲ 0.5%€148,880within the sector's middle half▼ 8.4%€123,291within the sector's middle half▼ 17.2%€93,980within the sector's middle half▼ 23.8%€101,480within the sector's middle half▲ 8.0%
Debt€163,117▲ 5.5%€157,925▼ 3.2%€132,163▼ 16.3%€102,821▼ 22.2%€86,830▼ 15.6%
Working capital€32,219within the sector's middle half▼ 22.2%€1,262below the sector's middle half▼ 96.1%-€12,614below the sector's middle half-€30,819below the sector's middle half▼ 144%-€12,208below the sector's middle half▲ 60.4%
Solvency-0.4%below the sector's middle half▼ 4.7pp-6.1%below the sector's middle half▼ 5.7pp-7.2%below the sector's middle half▼ 1.1pp-9.4%below the sector's middle half▼ 2.2pp14.4%below the sector's middle half▲ 23.8pp
Current ratio1.49within the sector's middle half▼ 0.421.01below the sector's middle half▼ 0.480.86below the sector's middle half▼ 0.160.64below the sector's middle half▼ 0.210.86below the sector's middle half▲ 0.21
Return on assets (ROA)-4.7%below the sector's middle half▼ 0.9pp-5.7%below the sector's middle half▼ 1.0pp0.1%below the sector's middle half▲ 5.8pp0.0%below the sector's middle half▼ 0.1pp23.1%above the sector's middle half▲ 23.1pp
Staff (FTE)2.6within the sector's middle half▲ 100%2.3▼ 11.5%1.6▼ 30.4%1▼ 37.5%1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,591% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101,480
Fixed assets
€28,255 ▼ 26.1%
Current assets
€73,225 ▲ 31.3%
Equity and liabilities €101,480
Equity
€14,650
Debt
€86,830
Debt finances 85.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€37,147▲
2023 · €12,075
Cash flow
€34,225▲
2023 · €10,544
Quick ratio
0.74▲
2023 · 0.39
Debt to equity
5.93▲
2023 · -11.63
ROE
160.3%
Interest coverage
26.23▲
2023 · 7.82
Debt ≤ 1 year
€85,434▼
2023 · €86,580
Income taxes
€1,515
Staff costs
€54,588▲
2023 · €43,926
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
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 1.4% 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 6,713 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €44,365 | €44,983 | €43,926 | €54,588 | ▲ 24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,300 | €10,000 | €10,143 | €10,513 | €10,734 | ▲ 2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €425 | - | - | €2,119 | - |
| Other operating charges640/8 | - | €379 | €640 | €2,663 | €1,927 | ▼ 27.7% |
| Non-recurring operating charges66A | - | - | €8,279 | - | - | - |
| Gross operating margin9900 | €49,025 | €49,568 | €66,131 | €58,665 | €95,780 | ▲ 63.3% |
| Operating profit (loss)9901 | -€5,075 | -€5,602 | €2,085 | €1,562 | €26,412 | ▲ 1,591% |
| Financial income75/76B | - | €7 | €1 | €13 | €11 | ▼ 15.9% |
| Recurring financial income75 | €3 | €7 | €1 | €13 | €11 | ▼ 15.9% |
| Financial charges65/66B | - | €2,864 | €1,914 | €1,544 | €1,416 | ▼ 8.3% |
| Recurring financial charges65 | €2,582 | €2,864 | €1,914 | €1,544 | €1,416 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | -€7,654 | -€8,460 | €172 | €31 | €25,007 | ▲ 79,998% |
| Income taxes67/77 | - | - | - | - | €1,515 | - |
| Profit (loss) for the period9904 | -€7,654 | -€8,460 | €172 | €31 | €23,491 | ▲ 75,144% |
| Profit (loss) for the period to be appropriated9905 | -€7,654 | -€8,460 | €172 | €31 | €23,491 | ▲ 75,144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €162,533 | €148,880 | €123,291 | €93,980 | €101,480 | ▲ 8.0% |
| Fixed assets21/28 | €65,000 | €56,700 | €47,535 | €38,219 | €28,255 | ▼ 26.1% |
| Intangible fixed assets21 | €65,000 | €55,000 | €45,000 | €35,000 | €25,000 | ▼ 28.6% |
| Tangible fixed assets22/27 | - | - | €835 | €1,519 | €1,555 | ▲ 2.4% |
| Plant, machinery and equipment23 | - | - | €548 | €320 | €93 | ▼ 71.0% |
| Furniture and vehicles24 | - | - | €287 | €1,198 | €1,462 | ▲ 22.0% |
| Financial fixed assets28 | - | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Current assets29/58 | €97,533 | €92,180 | €75,756 | €55,761 | €73,225 | ▲ 31.3% |
| Stocks and contracts in progress3 | €29,386 | €29,386 | €29,128 | €22,178 | €10,354 | ▼ 53.3% |
| Stocks30/36 | - | €29,386 | €29,128 | €22,178 | €10,354 | ▼ 53.3% |
| Amounts receivable within one year40/41 | €58,057 | €60,992 | €37,492 | €25,759 | €60,881 | ▲ 136% |
| Trade receivables40 | - | €59,684 | €36,248 | €24,406 | €60,873 | ▲ 149% |
| Other amounts receivable41 | - | €1,307 | €1,244 | €1,353 | €8 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €10,090 | €52 | €8,739 | €7,243 | €1,596 | ▼ 78.0% |
| Deferred charges and accrued income490/1 | - | €1,751 | €397 | €582 | €395 | ▼ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €162,533 | €148,880 | €123,291 | €93,980 | €101,480 | ▲ 8.0% |
| Equity10/15 | -€585 | -€9,044 | -€8,872 | -€8,841 | €14,650 | ▲ 266% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€19,185 | -€27,644 | -€27,472 | -€27,441 | -€3,950 | ▲ 85.6% |
| Amounts payable17/49 | €163,117 | €157,925 | €132,163 | €102,821 | €86,830 | ▼ 15.6% |
| Amounts payable after more than one year17 | €97,803 | €67,006 | €43,793 | €16,240 | - | - |
| Financial debts170/4 | - | €67,006 | €43,793 | €16,240 | - | - |
| Amounts payable within one year42/48 | €65,314 | €90,918 | €88,370 | €86,580 | €85,434 | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | - | €24,444 | €24,140 | €21,328 | €14,764 | ▼ 30.8% |
| Trade debts44 | €42,413 | €35,695 | €13,593 | €18,880 | €9,142 | ▼ 51.6% |
| Suppliers440/4 | - | €35,695 | €13,593 | €18,880 | €9,142 | ▼ 51.6% |
| Advances received on contracts in progress46 | - | - | €198 | - | - | - |
| Taxes, remuneration and social security45 | - | €10,295 | €9,071 | €7,093 | €19,135 | ▲ 170% |
| Taxes450/3 | - | €1,104 | €1,165 | €855 | €4,102 | ▲ 380% |
| Remuneration and social security454/9 | - | €9,191 | €7,905 | €6,238 | €15,033 | ▲ 141% |
| Other amounts payable47/48 | - | €20,485 | €41,368 | €39,280 | €42,392 | ▲ 7.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,396 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,654 | -€8,460 | €172 | €31 | €23,491 | ▲ 75,144% |
| + Depreciation and write-downs630 | €10,300 | €10,000 | €10,143 | €10,513 | €10,734 | ▲ 2.1% |
| Operating cash flow (approximation) | €2,646 | €1,540 | €10,315 | €10,544 | €34,225 | ▲ 225% |
| Investment in fixed assets (approximation) | - | -€1,700 | -€977 | -€1,197 | -€771 | ▲ 35.6% |
| Change in cash | - | -€10,038 | €8,687 | -€1,497 | -€5,646 | ▼ 277% |
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
2026
16-09
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- General meeting, 30-06-2026
- Registered-office move, Rue de Brimez(WP) 136 boîte 2, 5100 Namur
- Director in office, Guy Collard (administrateur gérant)
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 104 days late
2024
31-12
Financial
Highest result since 2018net €23,491 ▲75,144%
Operating result €26,412, net result €23,491, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Back to profitnet €172
Net result €172 after 4 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet -€8,460
Net result drops to -€8,460, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 160 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Namur · 1 establishment unit since 2017
Ground area
691 m²
Building footprint
205 m²
Parcel 92135G0017/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Brimez(WP) 136/2, 5100 Namur
since 20172.266.572.868
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135G0017/00H000 | Wallonia | 691 m² | 1 · 205 m² | - |
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.
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 6,516 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
Founded31-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
Contact
E-mail
ceritech.pac@gmail.comNamur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679445507
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.