CEROLEC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €49k and a net result of €8k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 9864 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
40 d early
2022
136 d early
2021
39 d early
2020
24 d early
2019
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€49k▲ 18.1%
2023 · €41k
2018: €-1k
2019: €11k
2020: €48k
2021: €175k
2022: €19k
2023: €41k
2018 → 2024
Net result
€8k▼ 66.8%
2023 · €23k
2018: €-2k
2019: €11k
2020: €37k
2021: €119k
2022: €57k
2023: €23k
2018 → 2024
Total assets
€67k▲ 28.5%
2023 · €52k
2018: €61k
2019: €50k
2020: €71k
2021: €197k
2022: €136k
2023: €52k
2018 → 2024
Solvency
72.5%▼ 6.4pp
2023 · 78.9%
2018: -2.1%
2019: 22.9%
2020: 67.9%
2021: 88.7%
2022: 13.9%
2023: 78.9%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€175k▲ 264%€19k▼ 89.2%€41k▲ 120%€49k▲ 18.1%
Operating result€48k-€154k▲ 222%€75k▼ 51.0%€32k▼ 57.3%€12k▼ 62.7%
Net result€37k-€119k▲ 227%€57k▼ 52.1%€23k▼ 60.5%€8k▼ 66.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 63% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €67k
Equity
€49k▲ 18.1%
Debt
€19k▲ 67.5%
The debt ratio rises from 21.1% to 27.5%. Equity and debt are higher.
Key figures and ratios
Solvency
72.5%▼
2023 · 78.9%
ROE
15.3%▼
2023 · 54.5%
ROA
11.1%▼
2023 · 43.0%
Debt
€19k▲
2023 · €11k
Debt ≤ 1 year
€19k▲
2023 · €11k
Income taxes
€3k▼
2023 · €7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€52k€67k▲
Fixed assets21/28€3k€0▼
Tangible fixed assets22/27€3k€0▼
Furniture and vehicles24€3k€0▼
Current assets29/58€49k€67k▲
Amounts receivable within one year40/41€27k€28k▲
Trade receivables40€19k€22k▲
Other amounts receivable41€8k€5k▼
Cash at bank and in hand54/58€20k€35k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€52k€67k▲
Equity10/15€41k€49k▲
Contributions10/11€19k€19k=
Reserves13€200€200=
Non-distributable reserves130/1€200€200=
Reserves not available under the articles1311€200€200=
Profit (loss) carried forward14€23k€30k▲
Amounts payable17/49€11k€19k▲
Amounts payable within one year42/48€11k€19k▲
Trade debts44€349€8k▲
Suppliers440/4€349€8k▲
Taxes, remuneration and social security45€11k€11k▲
Taxes450/3€11k€11k▲
Other amounts payable47/48€0-
Income statement
Code20232024
Non-recurring operating income76A€63€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€0▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€35k€13k▼
Operating profit (loss)9901€32k€12k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€30k€10k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€23k€8k▼
Profit (loss) for the period to be appropriated9905€23k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€30k▲
Profit (loss) brought forward from the previous period14P€31€23k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 4.44
Current ratio from 1.11 to 4.44; short-term debt falls from €117k to €11k.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €119k ▲227%
Operating result €154k, net result €119k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 8.48
Current ratio from 2.70 to 8.48; short-term debt falls from €23k to €22k.
31-12
Financial
Equity above €150kEq €175k ▲264%
3 profitable years in a row build equity to €175k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 2.70
Current ratio from 0.52 to 2.70; short-term debt falls from €38k to €23k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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, Zutendaal · 1 establishment unit since 2016
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.
Sint-Hubertusstraat 403690 ZutendaalGround area
946 m²
Building footprint
168 m²
Volume, LiDAR
803 m³
Parcel 71067A0295/00Y023, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CEROLEC
since 20162.259.545.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71067A0295/00Y023 | Flanders | 946 m² | 1 · 168 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,728 companies in sector 64210 we hold annual accounts for 19,764. 10,387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.