CERTI-FED
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 16-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-04-2026, 69 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 · 6 filingsDeviation from the deadline
2025
69 d late
2024
118 d early
2023
106 d early
2022
110 d early
2021
115 d early
2020
116 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€147k▼ 54.6%
2024 · €323k
2018: €617k
2019: €-2.60M
2020: €890k
2021: €456k
2022: €13k
2024: €323k
2018 → 2025
Working capital
€4.26M▲ 3.6%
2024 · €4.11M
2018: €35.17M
2019: €32.79M
2020: €33.91M
2021: €3.32M
2022: €3.59M
2024: €4.11M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€34.77M-€50.22M▲ 44.5%€51.16M▲ 1.9%€51.50M▲ 0.7%€51.65M▲ 0.3%
Operating result€-278k-€-270k▲ 2.6%€-73k▲ 73.2%€-69k▲ 4.8%€-30k▲ 56.7%
Net result€890k-€456k▼ 48.8%€13k▼ 97.2%€323k▲ 2,455%€147k▼ 54.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €69k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51.68M
Fixed assets
€47.39M =
Current assets
€4.29M ▲ 3.6%
Equity and liabilities €51.68M
Equity
€51.65M ▲ 0.3%
Debt
€29k ▲ 2.8%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
Debt to equity
0.00▲
2024 · 0.00
ROE
0.3%▼
2024 · 0.6%
ROA
0.3%▼
2024 · 0.6%
Debt ≤ 1 year
€27k▼
2024 · €29k
Income taxes
€0
A ratio outside any meaningful range has been withheld (balance sheet total €51.68M, equity €51.65M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€51.53M€51.68M▲
Fixed assets21/28€47.39M€47.39M=
Financial fixed assets28€47.39M€47.39M=
Current assets29/58€4.14M€4.29M▲
Amounts receivable within one year40/41€28k€16k▼
Other amounts receivable41€28k€16k▼
Current investments50/53€4.00M€4.04M▲
Cash at bank and in hand54/58€94k€200k▲
Deferred charges and accrued income490/1€17k€31k▲
Equity and liabilities
Total equity and liabilities10/49€51.53M€51.68M▲
Equity10/15€51.50M€51.65M▲
Contributions10/11€50.94M€50.94M=
Capital10€50.94M€50.94M=
Issued capital100€50.94M€50.94M=
Reserves13€157k€157k=
Non-distributable reserves130/1€157k€157k=
Legal reserve130€157k€157k=
Profit (loss) carried forward14€407k€553k▲
Amounts payable17/49€29k€29k▲
Amounts payable within one year42/48€29k€27k▼
Trade debts44€29k€27k▼
Suppliers440/4€29k€27k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€131-
Gross operating margin9900€-69k€-30k▲
Operating profit (loss)9901€-69k€-30k▲
Financial income75/76B€392k€177k▼
Recurring financial income75€392k€177k▼
Profit (loss) for the period before taxes9903€323k€147k▼
Income taxes67/77-€0
Profit (loss) for the period9904€323k€147k▼
Profit (loss) for the period to be appropriated9905€323k€147k▼
Appropriation of the result
Profit (loss) to be appropriated9906€423k€553k▲
Profit (loss) brought forward from the previous period14P€99k€407k▲
Transfer to equity691/2€16k-
To the legal reserve6920€16k-
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 69 days late
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 69 days late
09-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect6 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect6 facts ▸
- General meeting, 16-12-2025
- Merger, absorption, goedkeuring door de enige aandeelhouder van de overnemende vennootschap
- Dissolution, 16-12-2025
- Accounting effect, 01-07-2025
- Net-asset statement, 30-06-2025
- Real estate, geen onroerende goederen, geen zakelijk recht
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €50MEq €50.22M ▲44.5%
2 profitable years in a row build equity to €50.22M.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Back to profitnet €890k
Net result €890k after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet €-2.60M ▼521%
Net result drops to €-2.60M, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 11512.74
Current ratio from 3722.94 to 11512.74; short-term debt falls from €9k to €3k.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
2 of 44 acts read
About the unread acts
Of the 44 Belgian State Gazette acts we know for this company, 2 have been read. The other 42 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Federale Participatie- en Investeringsmaatschappij