CERODA
ActiveSummary
CERODA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €63k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 47% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-9
Solvency64▼-15
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.78 in 2024; short-term debt: 16.2% and cash: 16.4% of total assets), but 60.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% 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
39.2%
Return on assets
8.3%
Age of the figures
9 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
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
2122232425
2021 to 2025 · latest year €298k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
19 d late
2023
132 d late
2022
498 d late
2021
863 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€298k▲ 26.7%
2024 · €235k
2021: €259k
2022: €255k▼ -1.4% vs 2021
2023: €168k▼ -34.1% vs 2022lowest in 5 years
2024: €235k▲ +39.9% vs 2023
2025: €298k▲ +26.7% vs 2024highest in 5 years
2021 → 2025
Total assets
€760k▲ 76.0%
2024 · €432k
2021: €518k
2022: €505k▼ -2.5% vs 2021
2023: €420k▼ -16.8% vs 2022lowest in 5 years
2024: €432k▲ +2.7% vs 2023
2025: €760k▲ +76.0% vs 2024highest in 5 years
2021 → 2025
Net result
€63k▼ 6.4%
2024 · €67k
2021: €19k
2022: €-4k▼ -119% vs 2021
2023: €-87k▼ -2369% vs 2022lowest in 5 years
2024: €67k▲ +177% vs 2023highest in 5 years
2025: €63k▼ -6.4% vs 2024
2021 → 2025
Working capital
€89k▲ 6.3%
2024 · €84k
2021: €93khighest in 5 years
2022: €88k▼ -5.2% vs 2021
2023: €3k▼ -97.0% vs 2022lowest in 5 years
2024: €84k▲ +3038% vs 2023
2025: €89k▲ +6.3% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€259k-€255k▼ 1.4%€168k▼ 34.1%€235k▲ 39.9%€298k▲ 26.7%
2021: €259k
2022: €255k▼ -1.4% vs 2021
2023: €168k▼ -34.1% vs 2022lowest in 5 years
2024: €235k▲ +39.9% vs 2023
2025: €298k▲ +26.7% vs 2024highest in 5 years
Operating result€23k-€-2k€-85k▼ 4,153%€71k€75k▲ 5.3%
2021: €23k
2022: €-2k▼ -109% vs 2021
2023: €-85k▼ -4153% vs 2022lowest in 5 years
2024: €71k▲ +184% vs 2023
2025: €75k▲ +5.3% vs 2024highest in 5 years
Net result€19k-€-4k€-87k▼ 2,369%€67k€63k▼ 6.4%
2021: €19k
2022: €-4k▼ -119% vs 2021
2023: €-87k▼ -2369% vs 2022lowest in 5 years
2024: €67k▲ +177% vs 2023highest in 5 years
2025: €63k▼ -6.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760k
Fixed assets
€548k ▲ 128%
Current assets
€212k ▲ 10.8%
Equity and liabilities €760k
Equity
€298k ▲ 26.7%
Debt
€462k ▲ 135%
Debt's share of the balance-sheet total rises from 45.6% to 60.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€168k▲
2024 · €104k
Cash flow
€156k▲
2024 · €100k
Current ratio
1.72▼
2024 · 1.78
Debt to equity
1.55▲
2024 · 0.84
ROE
21.1%▼
2024 · 28.5%
ROA
8.3%▼
2024 · 15.5%
Interest coverage
13.79▼
2024 · 25.01
Debt ≤ 1 year
€123k▲
2024 · €107k
Debt > 1 year
€339k▲
2024 · €89k
Staff costs
€744k▲
2024 · €702k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€432k€760k▲
Fixed assets21/28€241k€548k▲
Tangible fixed assets22/27€240k€548k▲
Land and buildings22€131k€457k▲
Plant, machinery and equipment23€105k€87k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€396€396=
Current assets29/58€191k€212k▲
Amounts receivable within one year40/41€101k€87k▼
Trade receivables40€73k€67k▼
Other amounts receivable41€27k€19k▼
Cash at bank and in hand54/58€90k€125k▲
Equity and liabilities
Total equity and liabilities10/49€432k€760k▲
Equity10/15€235k€298k▲
Reserves13€203k€203k=
Profit (loss) carried forward14€32k€94k▲
Amounts payable17/49€197k€462k▲
Amounts payable after more than one year17€89k€339k▲
Financial debts170/4€89k€339k▲
Amounts payable within one year42/48€107k€123k▲
Current portion of amounts payable after more than one year42€24k€32k▲
Trade debts44€6k€11k▲
Suppliers440/4€6k€11k▲
Taxes, remuneration and social security45€78k€80k▲
Remuneration and social security454/9€78k€80k▲
Income statement
Code20242025
Remuneration, social security and pensions62€702k€744k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€93k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€812k€916k▲
Operating profit (loss)9901€71k€75k▲
Financial income75/76B€2€30▲
Recurring financial income75€2€30▲
Financial charges65/66B€4k€12k▲
Recurring financial charges65€4k€12k▲
Profit (loss) for the period before taxes9903€67k€63k▼
Profit (loss) for the period9904€67k€63k▼
Profit (loss) for the period to be appropriated9905€67k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€94k▲
Profit (loss) brought forward from the previous period14P€-35k€32k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €465k | €602k | €690k | €702k | €744k | ▲ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €36k | €38k | €33k | €93k | ▲ 185% |
| Other operating charges640/8 | €2k | €2k | €4k | €6k | €5k | ▼ 18.9% |
| Gross operating margin9900 | €525k | €638k | €647k | €812k | €916k | ▲ 12.9% |
| Operating profit (loss)9901 | €23k | €-2k | €-85k | €71k | €75k | ▲ 5.3% |
| Financial income75/76B | €28 | €2k | €1k | €2 | €30 | ▲ 1,172% |
| Recurring financial income75 | €28 | €2k | €1k | €2 | €30 | ▲ 1,172% |
| Financial charges65/66B | €4k | €4k | €4k | €4k | €12k | ▲ 193% |
| Recurring financial charges65 | €4k | €4k | €4k | €4k | €12k | ▲ 193% |
| Profit (loss) for the period before taxes9903 | €19k | €-4k | €-87k | €67k | €63k | ▼ 6.4% |
| Profit (loss) for the period9904 | €19k | €-4k | €-87k | €67k | €63k | ▼ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €19k | €-4k | €-87k | €67k | €63k | ▼ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €518k | €505k | €420k | €432k | €760k | ▲ 76.0% |
| Fixed assets21/28 | €302k | €283k | €267k | €241k | €548k | ▲ 128% |
| Tangible fixed assets22/27 | €301k | €282k | €266k | €240k | €548k | ▲ 128% |
| Land and buildings22 | €149k | €143k | €137k | €131k | €457k | ▲ 249% |
| Plant, machinery and equipment23 | €149k | €135k | €126k | €105k | €87k | ▼ 17.0% |
| Furniture and vehicles24 | €3k | €4k | €3k | €4k | €3k | ▼ 15.0% |
| Financial fixed assets28 | €396 | €396 | €396 | €396 | €396 | = |
| Current assets29/58 | €216k | €222k | €154k | €191k | €212k | ▲ 10.8% |
| Amounts receivable within one year40/41 | €148k | €133k | €140k | €101k | €87k | ▼ 14.0% |
| Trade receivables40 | €108k | €93k | €105k | €73k | €67k | ▼ 8.1% |
| Other amounts receivable41 | €40k | €40k | €35k | €27k | €19k | ▼ 30.0% |
| Cash at bank and in hand54/58 | €69k | €88k | €14k | €90k | €125k | ▲ 38.4% |
| Deferred charges and accrued income490/1 | €52 | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €518k | €505k | €420k | €432k | €760k | ▲ 76.0% |
| Equity10/15 | €259k | €255k | €168k | €235k | €298k | ▲ 26.7% |
| Reserves13 | €203k | €203k | €203k | €203k | €203k | = |
| Profit (loss) carried forward14 | €55k | €52k | €-35k | €32k | €94k | ▲ 198% |
| Amounts payable17/49 | €259k | €250k | €252k | €197k | €462k | ▲ 135% |
| Amounts payable after more than one year17 | €136k | €116k | €101k | €89k | €339k | ▲ 280% |
| Financial debts170/4 | €136k | €116k | €101k | €89k | €339k | ▲ 280% |
| Amounts payable within one year42/48 | €123k | €134k | €151k | €107k | €123k | ▲ 14.2% |
| Current portion of amounts payable after more than one year42 | €32k | €32k | €27k | €24k | €32k | ▲ 31.0% |
| Financial debts43 | - | - | €16k | - | - | - |
| Credit institutions430/8 | - | - | €16k | - | - | - |
| Trade debts44 | €27k | €33k | €29k | €6k | €11k | ▲ 101% |
| Suppliers440/4 | €27k | €33k | €29k | €6k | €11k | ▲ 101% |
| Taxes, remuneration and social security45 | €65k | €69k | €79k | €78k | €80k | ▲ 2.7% |
| Taxes450/3 | - | - | €40 | - | - | - |
| Remuneration and social security454/9 | €65k | €69k | €79k | €78k | €80k | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €-4k | €-87k | €67k | €63k | ▼ 6.4% |
| + Depreciation and write-downs630 | €35k | €36k | €38k | €33k | €93k | ▲ 185% |
| Operating cash flow (approximation) | €54k | €32k | €-49k | €100k | €156k | ▲ 56.3% |
| Investment in fixed assets (approximation) | - | €-17k | €-21k | €-7k | €-400k | ▼ 5,885% |
| Change in cash | - | €20k | €-74k | €76k | €35k | ▼ 54.6% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €235k ▲39.9%
Equity rises from €168k to €235k.
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
10-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 498 days late
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 863 days late
2023
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Ath · 4 establishment units since 2014
Ground area
4,611 m²
Building footprint
706 m²
Volume, LiDAR
8,286 m³
3 parcels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
4 establishment units
CERODA
since 20142.227.278.663
CERODA
since 20192.384.272.965
CERODA
since 20212.384.272.767
CERODA
since 20262.384.273.064
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004C0362/00Z002 | Wallonia | 3,304 m² | 1 · 451 m² | 16.8 m · 5 fl. |
| 51004C0362/00M002 | Wallonia | 731 m² | 1 · 103 m² | 14.1 m · 3 fl. |
| 51004C0220/00T000 | Wallonia | 575 m² | 1 · 152 m² | 12.3 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
Food safety, FASFC
1 siteAth2.227.278.663
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Of 323 companies in sector 87202 we hold annual accounts for 273. 147 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded23-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
87202Residential care activities
Contact
E-mail
info@ceroda.beAth
Scores and ratios are computed by Checked and are not a credit decision.