CERTEAS

Active

Private limited companyfounded 200521 yrs activeJachtlaan 135, 1040 Etterbeek, BelgiumKBO/BCE: BE 0872.324.463

The computed 12-month bankruptcy probability of CERTEAS is 3.2% (moderate). The 2024 annual accounts show equity of €25k and a net result of €-951. Equity is shrinking by ~19.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 34% of 18938 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

53 / 100

Fair▲ +26 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency20▲+2

Growth32=

Stability100

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.08 against 1.04 in 2023), and 89.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

10.3%

Return on assets

-0.4%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

2021222324

2020 to 2024 · latest year -€951

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 09-07-2026, 343 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

343 d late

2023

49 d late

2022

415 d late

2021

520 d late

2020

90 d late

2017

14 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€25k▼ 3.7%

2023 · €26k

2020: €57k 2021: €61k 2022: €51k 2023: €26k

2020 → 2024

Total assets

€244k▼ 15.4%

2023 · €288k

2020: €295k 2021: €321k 2022: €296k 2023: €288k

2020 → 2024

Net result

€-951▲ 96.2%

2023 · €-25k

2020: €26k 2021: €4k 2022: €-10k 2023: €-25k

2020 → 2024

Working capital

€17k▲ 60.2%

2023 · €10k

2020: €49k 2021: €58k 2022: €28k 2023: €10k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€57k-€61k▲ 6.3%€51k▼ 16.2%€26k▼ 49.0%€25k▼ 3.7%

Operating result€-10k-€32k€-7k€-21k▼ 200%€322

Net result€26k-€4k▼ 86.0%€-10k€-25k▼ 153%€-951▲ 96.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €322 after a loss of €21k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €244k

96.6%

Fixed assets €8k▼ 46.3%

Current assets €235k▼ 13.6%

Equity and liabilities €244k

10%

89.7%

Equity €25k▼ 3.7%

Debt €219k▼ 16.6%

The debt ratio falls from 91.0% to 89.7%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€4k▲

2023 · €-7k

Cash flow

€3k▲

2023 · €-11k

Solvency

10.3%▲

2023 · 9.0%

Current ratio

1.08▲

2023 · 1.04

Quick ratio

1.08▲

2023 · 1.04

Debt / equity

8.74▼

2023 · 10.09

ROE

-3.8%▲

2023 · -96.0%

ROA

-0.4%▲

2023 · -8.7%

Interest coverage

7.41▲

2023 · -12.82

Debt

€219k▼

2023 · €262k

Debt ≤ 1 year

€219k▼

2023 · €262k

Income taxes

€703▼

2023 · €3k

Staff costs

€140k▲

2023 · €83k

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

Total assets 20/58€288k€244k▼

Fixed assets 21/28€16k€8k▼

Tangible fixed assets 22/27€16k€8k▼

Current assets 29/58€273k€235k▼

Amounts receivable within one year 40/41€66k€38k▼

Cash & bank 54/58€200k€194k▼

Total equity & liabilities 10/49€288k€244k▼

Equity 10/15€26k€25k▼

Contributions / capital 10/11€12k€12k=

Reserves 13€23k€23k=

Accumulated profits (losses) 14€-9k€-10k▼

Amounts payable 17/49€262k€219k▼

Amounts payable within one year 42/48€262k€219k▼

Trade debts payable within one year 44€25k€36k▲

Income statement Code20232024

Gross operating margin 9900€77k€150k▲

Operating result 9901€-21k€322▲

Financial income 75€27€5▼

Financial charges 65€563€575▲

Result before taxes 9903€-22k€-248▲

Income taxes 67/77€3k€703▼

Net result for the period 9904€-25k€-951▲

Result to be appropriated 9905€-25k€-951▲

Timeline · acts, filings and financial milestones

All 12Financial 1Gazette 1Filings 10

2026

09-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 343 days late

2024

18-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 49 days late

18-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 415 days late

02-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 520 days late

2023

31-12

Financial Weakest financial yearnet €-25k

Net result drops to €-25k, the lowest in the series; recovery starts the following year.

2022

13-12

State Gazette act Director changes

Frederic CAUDRON · correction

2021

29-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 90 days late

2018

17-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

22-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

10-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 10 days late

2015

20-07

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

30-08

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 30 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2022

All 3 current directors first appear in the same act (22381149). Founders or capital subscribers may have been counted as directors here.

CELIK Sadullah

Non-statutory director · since 13-12-2022

Current

MIHAYLOVA Svetla

Non-statutory director · since 13-12-2022

Current

SAVKOV Sali

Non-statutory director · since 13-12-2022

Current

13-12-2022 CELIK Sadullah: Appointed as Non-statutory director

13-12-2022 MIHAYLOVA Svetla: Appointed as Non-statutory director

13-12-2022 SAVKOV Sali: Appointed as Non-statutory director

23-06-2014 CELIK Yilmaz: Resigned as Statutair

Location & real-estate footprint

Registered office, Etterbeek · 1 establishment unit since 2005

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.

Jachtlaan 1351040 Etterbeek

Ground area

75 m²

Building footprint

63 m²

Volume, LiDAR

859 m³

Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

CERTEAS

Jachtlaan 135, 1040 EtterbeekManufacture of food products

since 20052.145.846.272

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21364B0183/00H003	Brussels	75 m²	1 · 63 m²	17.8 m · 5 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.

Comparable companies · same sector, comparable size

Similar companies · same sector, comparable size

Of 13,924 companies in sector 56301 we hold annual accounts for 4,458. 3,700 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-02-2005

Fiscal year end31-12

Activities, NACEBEL

10110Manufacture of food products

10111Manufacture of food products

56301Cafés and bars

Sources

Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers

Data from official sources, last processed on 17-07-2026. Scores and ratios are computed by Checked and are not a credit decision.