Summary
CERTASS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €122,093 and a net result of €301,359. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 39% of 1,801 sector peers (NACE 66, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#4 oldest company in Peer, Finance and insurance sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€122,093▲ 101%
2024 · €60,734
Net result
€301,359▼ 3.1%
2024 · €311,046
Total assets
€429,612=
2024 · €429,766
Solvency
28.4%▲ 14.3pp
2024 · 14.1%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€402,658
2025
Net result€301,359
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€429,612
2025
Equity€122,093
2025
Debt€307,519
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€111,207
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)70.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency28.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.36
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.5
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€138,584-€254,484▲ 83.6%€271,195▲ 6.6%€302,148▲ 11.4%€312,940▲ 3.6%€310,084▼ 0.9%€412,625▲ 33.1%€402,658▼ 2.4%
Net result€95,093-€174,032▲ 83.0%€199,073▲ 14.4%€223,595above the sector's middle half▲ 12.3%€232,354above the sector's middle half▲ 3.9%€228,961above the sector's middle half▼ 1.5%€311,046above the sector's middle half▲ 35.9%€301,359above the sector's middle half▼ 3.1%
Equity€148,272-€148,272=€137,304▼ 7.4%€28,372below the sector's middle half▼ 79.3%€80,726below the sector's middle half▲ 185%€69,687below the sector's middle half▼ 13.7%€60,734below the sector's middle half▼ 12.8%€122,093within the sector's middle half▲ 101%
Total assets€341,911-€383,176▲ 12.1%€383,176=€392,548below the sector's middle half▲ 2.4%€341,424below the sector's middle half▼ 13.0%€349,391below the sector's middle half▲ 2.3%€429,766below the sector's middle half▲ 23.0%€429,612within the sector's middle half=
Debt€193,639-€245,872▲ 27.0%€286,103▲ 16.4%€364,176▲ 27.3%€260,698▼ 28.4%€279,704▲ 7.3%€369,033▲ 31.9%€307,519▼ 16.7%
Working capital€167,521-€136,107▼ 18.8%€96,377▼ 29.2%€28,372within the sector's middle half▼ 70.6%€73,870within the sector's middle half▲ 160%€63,004within the sector's middle half▼ 14.7%€57,114within the sector's middle half▼ 9.3%€111,207within the sector's middle half▲ 94.7%
Solvency43.4%-38.7%▼ 4.7pp35.8%▼ 2.9pp7.2%below the sector's middle half▼ 28.6pp23.6%within the sector's middle half▲ 16.4pp19.9%within the sector's middle half▼ 3.7pp14.1%below the sector's middle half▼ 5.8pp28.4%within the sector's middle half▲ 14.3pp
Current ratio1.98-1.55▼ 0.421.34▼ 0.221.08within the sector's middle half▼ 0.261.28within the sector's middle half▲ 0.211.23within the sector's middle half▼ 0.061.15within the sector's middle half▼ 0.071.36within the sector's middle half▲ 0.21
Return on assets (ROA)27.8%-45.4%▲ 17.6pp52.0%▲ 6.5pp57.0%above the sector's middle half▲ 5.0pp68.1%above the sector's middle half▲ 11.1pp65.5%above the sector's middle half▼ 2.5pp72.4%above the sector's middle half▲ 6.8pp70.1%above the sector's middle half▼ 2.2pp
Staff (FTE)2.6-2.6=2.6=2.3within the sector's middle half▼ 11.5%3within the sector's middle half▲ 30.4%3.9within the sector's middle half▲ 30.0%3.5within the sector's middle half▼ 10.3%3.5within the sector's middle half=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €429,612
Fixed assets
€11,324 ▲ 213%
Current assets
€418,288 ▼ 1.8%
Equity and liabilities €429,612
Equity
€122,093 ▲ 101%
Debt
€307,519 ▼ 16.7%
Debt's share of the balance-sheet total falls from 85.9% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
246.8%▼
2024 · 512.1%
Debt ≤ 1 year
€307,081▼
2024 · €369,033
Income taxes
€103,363▼
2024 · €103,528
Staff costs
€198,192▼
2024 · €219,987
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €400 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €117,421 | €153,027 | €223,661 | €219,987 | €198,192 | ▼ 9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,442 | €3,442 | €1,710 | - | €1,526 | €3,009 | €3,064 | €2,559 | ▼ 16.5% |
| Other operating charges640/8 | - | - | - | €838 | €850 | €1,257 | €1,184 | €1,202 | ▲ 1.5% |
| Gross operating margin9900 | €290,074 | €382,481 | €386,218 | €420,407 | €468,344 | €538,012 | €636,860 | €604,612 | ▼ 5.1% |
| Operating profit (loss)9901 | €138,584 | €254,484 | €271,195 | €302,148 | €312,940 | €310,084 | €412,625 | €402,658 | ▼ 2.4% |
| Financial income75/76B | - | - | - | €335 | - | €465 | €2,504 | €2,912 | ▲ 16.3% |
| Recurring financial income75 | €105 | €140 | €140 | €335 | - | €465 | €2,504 | €2,912 | ▲ 16.3% |
| Financial charges65/66B | - | - | - | €725 | €513 | €1,814 | €556 | €848 | ▲ 52.7% |
| Recurring financial charges65 | €1,333 | €3,378 | €3,378 | €725 | €513 | €1,814 | €556 | €848 | ▲ 52.7% |
| Profit (loss) for the period before taxes9903 | €137,341 | €251,246 | €268,969 | €301,757 | €312,427 | €308,736 | €414,574 | €404,722 | ▼ 2.4% |
| Income taxes67/77 | €42,248 | €77,214 | €77,214 | €78,163 | €80,073 | €79,775 | €103,528 | €103,363 | ▼ 0.2% |
| Profit (loss) for the period9904 | €95,093 | €174,032 | €199,073 | €223,595 | €232,354 | €228,961 | €311,046 | €301,359 | ▼ 3.1% |
| Profit (loss) for the period to be appropriated9905 | €95,093 | €174,032 | €199,073 | €223,595 | €232,354 | €228,961 | €311,046 | €301,359 | ▼ 3.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €341,911 | €383,176 | €383,176 | €392,548 | €341,424 | €349,391 | €429,766 | €429,612 | = |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €4,617 | €2,906 | €1,197 | - | €6,856 | €6,684 | €3,619 | €11,324 | ▲ 213% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €4,617 | €2,906 | €1,197 | - | €6,856 | €6,684 | €3,619 | €11,324 | ▲ 213% |
| Furniture and vehicles24 | - | - | - | - | €6,856 | €6,684 | €3,619 | €11,324 | ▲ 213% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €339,005 | €381,980 | €382,480 | €392,548 | €334,568 | €342,708 | €426,147 | €418,288 | ▼ 1.8% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €93,325 | €93,325 | €80,603 | €80,377 | €88,369 | €94,572 | €108,908 | €132,563 | ▲ 21.7% |
| Trade receivables40 | - | - | - | €2,835 | - | €29,557 | €0 | €6,970 | - |
| Other amounts receivable41 | - | - | - | €77,542 | €88,369 | €65,015 | €108,908 | €125,594 | ▲ 15.3% |
| Current investments50/53 | €0 | €0 | €0 | - | - | €100,000 | €150,000 | €150,000 | = |
| Cash at bank and in hand54/58 | €223,341 | €297,079 | €317,587 | €302,515 | €243,397 | €145,125 | €163,846 | €131,231 | ▼ 19.9% |
| Deferred charges and accrued income490/1 | - | - | - | €9,655 | €2,802 | €3,010 | €3,394 | €4,494 | ▲ 32.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €341,911 | €383,176 | €383,176 | €392,548 | €341,424 | €349,391 | €429,766 | €429,612 | = |
| Equity10/15 | €148,272 | €148,272 | €137,304 | €28,372 | €80,726 | €69,687 | €60,734 | €122,093 | ▲ 101% |
| Contributions10/11 | €25,187 | €25,187 | - | €25,187 | €25,187 | €25,187 | €25,187 | €25,187 | = |
| Reserves13 | €123,085 | €123,085 | €112,117 | €3,185 | €55,539 | €44,500 | €35,546 | €96,906 | ▲ 173% |
| Non-distributable reserves130/1 | - | - | - | €3,159 | €3,159 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0 | - | - | - |
| Other1319 | - | - | - | €3,159 | €3,159 | - | - | - | - |
| Distributable reserves133 | - | - | - | €26 | €52,380 | €44,500 | €35,546 | €96,906 | ▲ 173% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €193,639 | €245,872 | €286,103 | €364,176 | €260,698 | €279,704 | €369,033 | €307,519 | ▼ 16.7% |
| Amounts payable within one year42/48 | €171,484 | €245,872 | €286,103 | €364,176 | €260,698 | €279,704 | €369,033 | €307,081 | ▼ 16.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,387 | €21,737 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | - | - | - | €900 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €900 | - |
| Trade debts44 | €1,807 | €7,176 | €7,176 | €5,017 | €7,677 | €13,963 | €6,329 | €3,919 | ▼ 38.1% |
| Suppliers440/4 | - | - | - | €5,017 | €7,677 | €13,963 | €6,329 | €3,919 | ▼ 38.1% |
| Advances received on contracts in progress46 | - | - | - | - | €447 | - | €542 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €49,172 | €50,837 | €25,740 | €42,161 | €62,262 | ▲ 47.7% |
| Taxes450/3 | - | - | - | €33,881 | €38,236 | €4,635 | €17,829 | €36,355 | ▲ 104% |
| Remuneration and social security454/9 | - | - | - | €15,291 | €12,601 | €21,105 | €24,332 | €25,907 | ▲ 6.5% |
| Other amounts payable47/48 | - | - | - | €291,600 | €180,000 | €240,000 | €320,000 | €240,000 | ▼ 25.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €438 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,093 | €174,032 | €199,073 | €223,595 | €232,354 | €228,961 | €311,046 | €301,359 | ▼ 3.1% |
| + Depreciation and write-downs630 | €3,442 | €3,442 | €1,710 | - | €1,526 | €3,009 | €3,064 | €2,559 | ▼ 16.5% |
| Operating cash flow (approximation) | €98,534 | €177,474 | €200,783 | €223,595 | €233,881 | €231,971 | €314,110 | €303,919 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | -€1,731 | €0 | - | - | -€2,837 | €0 | -€10,264 | - |
| Change in cash | - | €73,738 | €20,508 | -€15,072 | -€59,118 | -€98,272 | €18,720 | -€32,614 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Public contracts: not fully processed yet. The notices from February 2026 to September 2026 are still being read.