CERTAS
Bankruptcy closedInactive since 13-05-2026; last annual accounts for fiscal year 2022.
Summary
CERTAS was declared bankrupt on 27-11-2023 (Ondernemingsrechtbank Gent, afdeling Oostende); the bankruptcy was closed for insufficient assets by judgment of 27-04-2026, published in the Belgian State Gazette on 04-05-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-08-2023, 28 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
not confirmed
2024
not filed
2023
not filed
2022
28 d late
2021
12 d early
2020
31 d late
2019
82 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€48k▼ 47.2%
2021 · €92k
Total assets
€48k▼ 47.2%
2021 · €92k
Net result
€-43k▲ 9.3%
2021 · €-48k
Working capital
Not included in this filing
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
Line20182019202020212022
Operating result€-1k-€-22k▼ 1,939%€-21k▲ 3.4%€-48k▼ 128%€-43k▲ 9.2%
Net result€-1k-€-22k▼ 1,937%€-21k▲ 3.4%€-48k▼ 128%€-43k▲ 9.3%
Equity€182k-€160k▼ 11.9%€139k▼ 13.0%€92k▼ 34.2%€48k▼ 47.2%
Total assets€182k-€160k▼ 11.9%€139k▼ 13.0%€92k▼ 34.2%€48k▼ 47.2%
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 €43k in 2022 against €48k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €48k
Fixed assets
€599 =
Current assets
€48k ▼ 47.5%
Key figures and ratios
Solvency
100.0%=
2021 · 100.0%
ROE
-89.5%▼
2021 · -52.0%
ROA
-89.5%▼
2021 · -52.0%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €25k | €24k | ▼ 2.8% |
| Gross operating margin9900 | €-605 | €-22k | €-21k | €-23k | €-19k | ▲ 16.0% |
| Operating profit (loss)9901 | €-1k | €-22k | €-21k | €-48k | €-43k | ▲ 9.2% |
| Financial charges65/66B | - | - | - | €76 | €36 | ▼ 52.6% |
| Recurring financial charges65 | €3 | €36 | €37 | €76 | €36 | ▼ 52.6% |
| Profit (loss) for the period before taxes9903 | €-1k | €-22k | €-21k | €-48k | €-43k | ▲ 9.3% |
| Profit (loss) for the period9904 | €-1k | €-22k | €-21k | €-48k | €-43k | ▲ 9.3% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-22k | €-21k | €-48k | €-43k | ▲ 9.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182k | €160k | €139k | €92k | €48k | ▼ 47.2% |
| Fixed assets21/28 | €599 | €599 | €599 | €599 | €599 | = |
| Financial fixed assets28 | €599 | €599 | €599 | €599 | €599 | = |
| Current assets29/58 | €181k | €160k | €139k | €91k | €48k | ▼ 47.5% |
| Amounts receivable within one year40/41 | €181k | €160k | €139k | €91k | €48k | ▼ 47.5% |
| Trade receivables40 | - | - | - | €72k | €48k | ▼ 33.3% |
| Other amounts receivable41 | - | - | - | €19k | - | - |
| Cash at bank and in hand54/58 | - | - | - | - | €10 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182k | €160k | €139k | €92k | €48k | ▼ 47.2% |
| Equity10/15 | €182k | €160k | €139k | €92k | €48k | ▼ 47.2% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Capital10 | - | - | - | €8k | €8k | = |
| Issued capital100 | - | - | - | €20k | €20k | = |
| Uncalled capital101 | - | - | - | €12k | €12k | = |
| Reserves13 | €84k | €84k | €84k | €84k | €84k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Legal reserve130 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €82k | €82k | = |
| Profit (loss) carried forward14 | €90k | €69k | €48k | €115 | €-43k | ▼ 37,623% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-22k | €-21k | €-48k | €-43k | ▲ 9.3% |
| Operating cash flow (approximation) | €-1k | €-22k | €-21k | €-48k | €-43k | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
04-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oostende · event 27-04-2026
2023
01-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 27-11-2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Menen
Ground area
3,563 m²
Building footprint
633 m²
Volume, LiDAR
9,342 m³
Parcel 34024A0215/00D002, Flanders · tallest building 22.3 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0215/00D002 | Flanders | 3,563 m² | 1 · 633 m² | 22.3 m · 4 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MIGUEL SNAUWAERT GROENESTRAAT 34,
8210 ZEDELGEM |
27-11-2023 → 27-04-2026 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-01-1998
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.