Certi & Construct
ActiveFrom the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Certi & Construct has been active since 2013 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries. The 2025 annual accounts show negative equity (-€27,614) and a net result of €1,725. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 12% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Overview
Official details
KBO- Status
- Active since 19-12-2013 Normal situation
- Activity
- Retail sale of household furniture NACE 47551and 4 others
- Establishment unit
- 2.301.216.518 1080 Sint-Jans-Molenbeek, since 01-04-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- €6,175
- Turnover
- ≈ €65,000
- estimated
- Profit
- €1,725
- Equity
- -€27,614
- Total assets
- €58,196
Score breakdownraises riskCapped at 59: negative equityNegative equity -€27,614Last filed accounts filed 31 days late; 3 of the last 3 accounts latelowers riskSize: total assets €58,196Liquidity: current ratio 0.67, cash €41,859Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 52% on liquidity and 56% on profitability.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 89 days after the deadline. In the sector (NACE 47), the median for financial year 2023 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00498697.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 9 filings
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is €2,300, against a loss of €27,247 in 2023. Comparable figures for the intervening years are unavailable.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as Certi & Construct: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €44,100 and €84,800, founded between 2009 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| Certi & Construct Sint-Jans-Molenbeek | 2013 | €58,196 | -€27,614 | €6,175 | - | €1,725 | 2025 |
| MENAR TRADING Antwerpen | 2016 | €50,777 | -€17,322 | €5,513 | - | €3,881 | 2025 |
| DELNEO Soumagne | 2010 | €45,956 | €34,052 | €6,413 | - | €3,541 | 2025 |
| KATHLEEN TEUWEN DECORATIE Mortsel | 2014 | €54,023 | €9,063 | €10,969 | - | €5,095 | 2025 |
| AS PROJECTS Waregem | 2015 | €84,806 | €35,046 | €8,100 | - | -€12,583 | 2025 |
| KOUNOUZDECO Brussel | 2014 | €44,122 | -€31,977 | €13,341 | €87,508 | -€13,510 | 2025 |
| APPÉTENCE COMMUNICATION Nivelles | 2009 | €63,632 | €4,423 | €9,134 | - | -€54 | 2025 |
They were chosen from the 1,748 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,379 companies had the same profile as Certi & Construct has now. Two years later, 2.4% had gone bankrupt and 94.3% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Certi & Construct itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,379 companies, not a prediction for Certi & Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €79,172 | €57,522 | €55,795 | €71,707 | €62,702 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €70,565 | €79,357 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €260 | €833 | €573 | - |
| Other operating charges640/8 | - | - | - | - | €333 | €285 | €3,302 | - |
| Gross operating margin9900 | €3,881 | €7,862 | -€9,147 | €1,143 | -€16,655 | -€26,128 | €6,175 | - |
| Operating profit (loss)9901 | €216 | €7,262 | -€9,147 | €1,143 | -€17,248 | -€27,247 | €2,300 | - |
| Financial income75/76B | - | - | - | €234 | - | - | - | - |
| Recurring financial income75 | - | - | - | €234 | - | - | - | - |
| Financial charges65/66B | - | - | - | €62 | €201 | €289 | €340 | - |
| Recurring financial charges65 | €91 | €115 | €115 | €62 | €201 | €289 | €340 | - |
| Profit (loss) for the period before taxes9903 | €125 | €7,147 | -€9,262 | €1,315 | -€17,449 | -€27,535 | €1,960 | - |
| Income taxes67/77 | - | - | - | - | - | - | €235 | - |
| Profit (loss) for the period9904 | €125 | €7,147 | -€9,262 | €1,315 | -€17,449 | -€27,535 | €1,725 | - |
| Profit (loss) for the period to be appropriated9905 | €125 | €7,147 | -€9,262 | €1,315 | -€17,449 | -€27,535 | €1,725 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14,102 | €18,344 | €27,784 | €24,363 | €40,431 | €228,055 | €58,196 | - |
| Fixed assets21/28 | - | - | - | - | €2,240 | €1,736 | €329 | - |
| Tangible fixed assets22/27 | - | - | - | - | €2,240 | €1,407 | - | - |
| Furniture and vehicles24 | - | - | - | - | €2,240 | €1,407 | - | - |
| Financial fixed assets28 | - | - | - | - | - | €329 | €329 | - |
| Current assets29/58 | €14,102 | €18,344 | €27,784 | €24,363 | €38,191 | €226,320 | €57,867 | - |
| Amounts receivable within one year40/41 | €6,598 | €11,090 | €5,988 | €11,242 | €1,181 | €208,704 | €16,008 | - |
| Trade receivables40 | - | - | - | €88 | - | €205,555 | €14,686 | - |
| Other amounts receivable41 | - | - | - | €11,154 | €1,181 | €3,148 | €1,322 | - |
| Cash at bank and in hand54/58 | €7,504 | €7,254 | €21,796 | €13,121 | €37,010 | €17,616 | €41,859 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14,102 | €18,344 | €27,784 | €24,363 | €40,431 | €228,055 | €58,196 | - |
| Equity10/15 | €749 | €7,896 | -€1,367 | -€51 | -€17,500 | -€45,035 | -€27,614 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Profit (loss) carried forward14 | -€17,851 | -€10,704 | -€19,967 | -€18,651 | -€36,100 | -€63,635 | -€46,214 | - |
| Amounts payable17/49 | €13,353 | €10,448 | €29,151 | €24,414 | €57,931 | €273,091 | €85,810 | - |
| Amounts payable within one year42/48 | €13,353 | €10,448 | €29,151 | €24,414 | €57,931 | €273,091 | €85,810 | - |
| Trade debts44 | €13,353 | €10,448 | €29,151 | €24,414 | €43,642 | €260,294 | €77,414 | - |
| Suppliers440/4 | - | - | - | €24,414 | €43,642 | €260,294 | €77,414 | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €648 | - |
| Taxes450/3 | - | - | - | - | - | - | €648 | - |
| Other amounts payable47/48 | - | - | - | - | €14,289 | €12,797 | €7,748 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125 | €7,147 | -€9,262 | €1,315 | -€17,449 | -€27,535 | €1,725 | - |
| + Depreciation and write-downs630 | - | - | - | - | €260 | €833 | €573 | - |
| Operating cash flow (approximation) | €125 | €7,147 | -€9,262 | €1,315 | -€17,189 | -€26,702 | €2,298 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | -€329 | - | - |
| Change in cash | - | -€250 | €14,542 | -€8,675 | €23,889 | -€19,394 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00498697 | NBB |
| 31-12-2023 | micro format | 25-12-2024 | 2024-00627333 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00503929 | |
| 31-12-2021 | micro format | 24-09-2022 | 2022-20437398 | |
| 31-12-2020 | micro format | 27-10-2021 | 2021-75000099 | |
| 31-12-2019 | micro format | 27-11-2020 | 2020-74300309 | |
| 31-12-2018 | full format | 29-10-2019 | 2019-72900119 | |
| 31-12-2017 | micro format | 15-07-2019 | 2019-33000282 | |
| 31-12-2016 | micro format | 06-10-2017 | 2017-66600532 |
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0543.435.768
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21012A0181/00W006 | Brussels | 107 m² | 1 · 106 m² | 20.7 m · 6 |