CERTESO
ActiveSummary
CERTESO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €484,941. Equity is growing by ~22.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+17
Solvency86▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 3.7 against 3.01 in 2023; short-term debt: 23.6% and cash: 28.1% of total assets), and 38.6% of the assets are financed with debt.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.4%
Return on assets
18.9%
Age of the figures
21 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
36 d early
2023
13 d early
2022
21 d early
2021
10 d early
2020
42 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#6 company by total assets in Halen, Professional and technical services sector#7 oldest company in Halen, Professional and technical services sector#8 company by equity in Halen, Professional and technical services sector
Equity
€1.6m▲ 36.3%
2023 · €1.2m
Total assets
€2.6m▲ 32.5%
2023 · €1.9m
Net result
€484,941▲ 365%
2023 · €104,215
Working capital
€1.6m▲ 53.2%
2023 · €1.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€69,590▼ 79.3%€242,567▲ 249%€203,491▼ 16.1%€118,085▼ 42.0%€515,652▲ 337%
Net result€53,379within the sector's middle half▼ 83.3%€225,778above the sector's middle half▲ 323%€191,320above the sector's middle half▼ 15.3%€104,215within the sector's middle half▼ 45.5%€484,941above the sector's middle half▲ 365%
Equity€635,326above the sector's middle half▲ 9.2%€861,104above the sector's middle half▲ 35.5%€1.1mabove the sector's middle half▲ 22.2%€1.2mabove the sector's middle half▲ 9.9%€1.6mabove the sector's middle half▲ 36.3%
Total assets€1.3mwithin the sector's middle half▲ 4.4%€1.7mabove the sector's middle half▲ 22.8%€1.8mabove the sector's middle half▲ 11.5%€1.9mabove the sector's middle half▲ 5.0%€2.6mabove the sector's middle half▲ 32.5%
Debt€713,082▲ 0.4%€794,294▲ 11.4%€794,035=€781,438▼ 1.6%€991,672▲ 26.9%
Working capital€472,830above the sector's middle half▲ 7.9%€791,511above the sector's middle half▲ 67.4%€946,138above the sector's middle half▲ 19.5%€1.1mabove the sector's middle half▲ 12.8%€1.6mabove the sector's middle half▲ 53.2%
Solvency47.1%within the sector's middle half▲ 2.1pp52.0%within the sector's middle half▲ 4.9pp57.0%within the sector's middle half▲ 5.0pp59.7%within the sector's middle half▲ 2.7pp61.4%within the sector's middle half▲ 1.7pp
Current ratio1.86within the sector's middle half▲ 0.022.46within the sector's middle half▲ 0.612.73within the sector's middle half▲ 0.273.01within the sector's middle half▲ 0.283.70above the sector's middle half▲ 0.69
Return on assets (ROA)4.0%within the sector's middle half▼ 20.8pp13.6%within the sector's middle half▲ 9.7pp10.4%within the sector's middle half▼ 3.3pp5.4%within the sector's middle half▼ 5.0pp18.9%above the sector's middle half▲ 13.5pp
Staff (FTE)21.5above the sector's middle half▲ 27.2%22.8above the sector's middle half▲ 6.0%27.4above the sector's middle half▲ 20.2%25.5above the sector's middle half▼ 6.9%21.6above the sector's middle half▼ 15.3%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 337% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets
€328,600 ▼ 3.5%
Current assets
€2.2m ▲ 40.2%
Equity and liabilities €2.6m
Equity
€1.6m ▲ 36.3%
Debt
€991,672 ▲ 26.9%
Debt's share of the balance-sheet total falls from 40.3% to 38.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€688,180▲
2023 · €289,689
Cash flow
€657,469▲
2023 · €275,818
Quick ratio
3.26▲
2023 · 2.42
Debt to equity
0.63▼
2023 · 0.68
ROE
30.8%▲
2023 · 9.0%
Interest coverage
59.07▲
2023 · 24.27
Debt ≤ 1 year
€605,243▲
2023 · €530,639
Debt > 1 year
€40,519▼
2023 · €52,544
Income taxes
€23,560▲
2023 · €5,884
Staff costs
€1.4m▼
2023 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,227 | €16,071 | €31,598 | ▲ 96.6% |
| Remuneration, social security and pensions62 | - | €1.1m | €1.5m | €1.7m | €1.4m | ▼ 22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163,989 | €163,300 | €170,538 | €171,604 | €172,528 | ▲ 0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,234 | €447 | €0 | - | - |
| Other operating charges640/8 | - | €11,257 | €10,948 | €12,968 | €12,932 | ▼ 0.3% |
| Non-recurring operating charges66A | - | - | - | €72 | €5,051 | ▲ 6,962% |
| Gross operating margin9900 | €1.1m | €1.6m | €1.9m | €2.0m | €2.1m | ▲ 1.0% |
| Operating profit (loss)9901 | €69,590 | €242,567 | €203,491 | €118,085 | €515,652 | ▲ 337% |
| Financial income75/76B | - | €385 | €2,172 | €3,949 | €4,500 | ▲ 14.0% |
| Recurring financial income75 | €24 | €385 | €2,172 | €3,949 | €4,500 | ▲ 14.0% |
| Financial charges65/66B | - | €13,530 | €9,587 | €11,936 | €11,651 | ▼ 2.4% |
| Recurring financial charges65 | €14,312 | €13,530 | €9,587 | €11,936 | €11,651 | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €55,302 | €229,422 | €196,076 | €110,098 | €508,501 | ▲ 362% |
| Income taxes67/77 | €1,923 | €3,645 | €4,756 | €5,884 | €23,560 | ▲ 300% |
| Profit (loss) for the period9904 | €53,379 | €225,778 | €191,320 | €104,215 | €484,941 | ▲ 365% |
| Profit (loss) for the period to be appropriated9905 | €53,379 | €225,778 | €191,320 | €104,215 | €484,941 | ▲ 365% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.7m | €1.8m | €1.9m | €2.6m | ▲ 32.5% |
| Fixed assets21/28 | €324,673 | €323,236 | €354,982 | €340,593 | €328,600 | ▼ 3.5% |
| Intangible fixed assets21 | €288,000 | €288,000 | €288,000 | €288,000 | €288,000 | = |
| Tangible fixed assets22/27 | €35,153 | €33,716 | €62,002 | €49,503 | €37,510 | ▼ 24.2% |
| Plant, machinery and equipment23 | - | €4,582 | €6,863 | €6,139 | €3,827 | ▼ 37.7% |
| Furniture and vehicles24 | - | €25,985 | €33,845 | €27,270 | €32,706 | ▲ 19.9% |
| Leasing and similar rights25 | - | - | €18,988 | €14,453 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €3,150 | €2,305 | €1,641 | €978 | ▼ 40.4% |
| Financial fixed assets28 | €1,520 | €1,520 | €4,980 | €3,090 | €3,090 | = |
| Current assets29/58 | €1.0m | €1.3m | €1.5m | €1.6m | €2.2m | ▲ 40.2% |
| Stocks and contracts in progress3 | €105,635 | €296,362 | €313,232 | €313,817 | €263,994 | ▼ 15.9% |
| Stocks30/36 | - | €128,298 | €176,636 | €173,545 | €168,834 | ▼ 2.7% |
| Contracts in progress37 | - | €168,064 | €136,596 | €140,272 | €95,161 | ▼ 32.2% |
| Amounts receivable within one year40/41 | €609,523 | €769,966 | €923,161 | €866,415 | €1.1m | ▲ 31.4% |
| Trade receivables40 | - | €769,800 | €922,628 | €865,914 | €1.1m | ▲ 31.5% |
| Other amounts receivable41 | - | €166 | €533 | €501 | €194 | ▼ 61.2% |
| Cash at bank and in hand54/58 | €165,104 | €241,182 | €196,113 | €357,942 | €720,647 | ▲ 101% |
| Deferred charges and accrued income490/1 | - | €24,652 | €58,972 | €59,309 | €115,696 | ▲ 95.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.7m | €1.8m | €1.9m | €2.6m | ▲ 32.5% |
| Equity10/15 | €635,326 | €861,104 | €1.1m | €1.2m | €1.6m | ▲ 36.3% |
| Contributions10/11 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Capital10 | - | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Issued capital100 | - | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Reserves13 | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Non-distributable reserves130/1 | - | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Legal reserve130 | - | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Profit (loss) carried forward14 | €459,326 | €685,104 | €876,424 | €980,638 | €1.4m | ▲ 42.8% |
| Amounts payable17/49 | €713,082 | €794,294 | €794,035 | €781,438 | €991,672 | ▲ 26.9% |
| Amounts payable after more than one year17 | €78,840 | €59,390 | €67,951 | €52,544 | €40,519 | ▼ 22.9% |
| Financial debts170/4 | - | €59,390 | €67,951 | €52,544 | €40,519 | ▼ 22.9% |
| Amounts payable within one year42/48 | €550,905 | €540,651 | €545,339 | €530,639 | €605,243 | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | - | €19,449 | €20,102 | €15,407 | €1,971 | ▼ 87.2% |
| Financial debts43 | - | €72,678 | €25,510 | €69,661 | €42,513 | ▼ 39.0% |
| Credit institutions430/8 | - | €72,678 | €25,510 | €69,661 | €42,513 | ▼ 39.0% |
| Trade debts44 | €157,723 | €186,249 | €202,178 | €196,948 | €258,763 | ▲ 31.4% |
| Suppliers440/4 | - | €186,249 | €202,178 | €196,948 | €258,763 | ▲ 31.4% |
| Taxes, remuneration and social security45 | - | €262,275 | €297,549 | €248,623 | €236,508 | ▼ 4.9% |
| Taxes450/3 | - | €162,457 | €146,948 | €91,390 | €116,009 | ▲ 26.9% |
| Remuneration and social security454/9 | - | €99,817 | €150,600 | €157,232 | €120,500 | ▼ 23.4% |
| Other amounts payable47/48 | - | - | - | - | €65,488 | - |
| Accrued charges and deferred income492/3 | - | €194,253 | €180,745 | €198,255 | €345,909 | ▲ 74.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,379 | €225,778 | €191,320 | €104,215 | €484,941 | ▲ 365% |
| + Depreciation and write-downs630 | €163,989 | €163,300 | €170,538 | €171,604 | €172,528 | ▲ 0.5% |
| Operating cash flow (approximation) | €217,369 | €389,077 | €361,858 | €275,818 | €657,469 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€161,863 | -€202,284 | -€157,215 | -€160,535 | ▼ 2.1% |
| Change in cash | - | €76,077 | -€45,069 | €161,829 | €362,705 | ▲ 124% |
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
17-08
State Gazette act
Resignations & appointmentsPower of attorney6 facts ▸
State Gazette act
Resignations & appointments
Power of attorney6 facts ▸
- Board meeting, 20-06-2026
- Power of attorney, Stef Reynders
- Power of attorney, Leander Claes
- Power of attorney, Kjell Simoens
- Other statement, herroeping van vorige bijzondere volmachten, revoked
- Power of attorney, BV XERION ICT
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €484,941 ▲365%
Operating result €515,652, net result €484,941, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1mEq €1.1m ▲22.2%
5 profitable years in a row build equity to €1.1m.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €53,379 ▼83.3%
Net result drops to €53,379, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €581,947 ▲122%
2 profitable years in a row build equity to €581,947.
Show earlier events
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 21 acts read
About the unread acts
Of the 21 Belgian State Gazette acts we know for this company, 1 has been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
21 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Halen · 2 establishment units since 1999
Ground area
6.3 ha
Building footprint
2.2 ha
Volume, LiDAR
154,670 m³
Parcel 71020B0120/00L000, Flanders · tallest building 15.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
CERTESO
since 19992.087.005.181
CERTESO
since 20222.339.096.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0120/00L000 | Flanders | 6.3 ha | 1 · 2.2 ha | 15.4 m · 2 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.
Structure & network
Owners and holdings
2 ownersChain of control
- XERION ICT
- IOS HOLDING
- CERTESO
Highest known parent: XERION ICT. The sources do not say who stands above it.
Owners 2
- IOS HOLDINGparent99.99%
-
0.01%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 8,416 EUR awarded · 8,019 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,679 EUR | 6,282 EUR |
| 2022 | 1 | 1,737 EUR | 1,737 EUR |
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Of 11,567 companies in sector 71121 we hold annual accounts for 6,567. 2,713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463433039
Also
9925:BE0463433039
Registered
08-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.