CERTIFER BELGORAIL
The computed 12-month bankruptcy probability of CERTIFER BELGORAIL is 0.2% (very low). The 2025 annual accounts show equity of €10.26M and a net result of €1.92M. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 55 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €10.26M |
| Net result | €1.92M |
| Staff (FTE) | 29.1 |
| Better than sector | 75% |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 71.0% | 46.9% | |
| Net result | €1.92M | €32k | |
| Equity | €10.26M | €161k | |
| Total assets | €14.45M | €460k |
| Fiscal year | 2025 |
|---|---|
| Revenue | €18.88M |
| EBITDA | €2.58M |
| Net profit | €1.92M |
| Cash flow | €2.01M |
| Staff costs | €4.79M |
| Income taxes | €521k |
| Dividends | - |
| Total assets | €14.45M |
| Equity | €10.26M |
| Debt | €4.18M |
| of which ≤ 1y | €3.92M |
| of which > 1y | €264k |
| Working capital | €5.78M |
| Employees (FTE) | 29.1 |
| 2025 | |
|---|---|
| Current ratio | 2.48 |
| Quick ratio | 2.40 |
| Working capital ratio | 40.0% |
| Solvency | 71.0% |
| Debt / equity | 0.41 |
| Long-term debt ratio | 0.03 |
| Interest coverage | 322.38 |
| Gross margin | - |
| Net margin | 10.1% |
| ROA | 13.3% |
| ROE | 18.7% |
| EBITDA margin | 13.7% |
| Days sales outstanding | 140d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €14.45M |
| Fixed assets | 21/28 | €4.74M |
| Tangible fixed assets | 22/27 | €130k |
| Financial fixed assets | 28 | €4.61M |
| Current assets | 29/58 | €9.70M |
| Stocks & contracts in progress | 3 | €300k |
| Amounts receivable within one year | 40/41 | €7.38M |
| Cash & bank | 54/58 | €2.01M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €14.45M |
| Equity | 10/15 | €10.26M |
| Contributions / capital | 10/11 | €450k |
| Reserves | 13 | €45k |
| Accumulated profits (losses) | 14 | €9.77M |
| Amounts payable | 17/49 | €4.18M |
| Amounts payable after one year | 17 | €264k |
| Amounts payable within one year | 42/48 | €3.92M |
| Trade debts payable within one year | 44 | €2.74M |
| Income statement | ||
| Turnover | 70 | €18.88M |
| Operating result | 9901 | €2.48M |
| Financial income | 75 | €22k |
| Financial charges | 65 | €70k |
| Result before taxes | 9903 | €2.44M |
| Income taxes | 67/77 | €521k |
| Net result for the period | 9904 | €1.92M |
| Result to be appropriated | 9905 | €1.92M |
| NACE primary | Architecture & engineering(71209) |
| Legal form | Public limited company(014) |
| Incorporation | 11-06-2004 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1372/00K000 | Brussels | 2,159 m² | 1 · 2,113 m² | 88.8 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-05-2024 1 director appointed, 1 resigning
- Bruno Gstach, Bestuurder
- Jacques Couvert, Bestuurder
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}20-04-2023 Paul MOREAU appointed as commissaire
- Paul MOREAU, Commissaire
Technical details
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}19-10-2021 5 directors appointed, 3 resigning
- Bruno Gstach, Représentant permanent de apave developpement sas
- Marc Van Overmeire, Représentant permanent de bensamer
- Jacques Couvert, Bestuurder
- Pierre Serge Kadziola, Bestuurder
- Jean-Marc Georges Germain Dupas, Représentant permanent de toralius
- Stéphane Torrez, Bestuurder
- Marc Van Overmeire, Bestuurder
- Hego Georges Ernest Claude, Bestuurder
Technical details
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}11-09-2020 2 directors appointed, 1 resigning
- TORALIUS SRL, Gedelegeerd bestuurder
- TORALIUS SRL, Bestuurder
- Jean-Marc Dupas, Bestuurder
Technical details
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}13-07-2018 1 director appointed, 1 resigning
- Marc VAN OVERMEIRE, Bestuurder
- Gilles PASCAULT, Bestuurder
Technical details
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}21-09-2017 6 directors appointed, 6 resigning
- Jacques Couvert, Bestuurder
- Pierre Kadziola, Bestuurder
- Gilles Pascault, Bestuurder
- Stéphane Torrez, Bestuurder
- Georges Hego, Bestuurder
- Jean-Marc Dupas, Bestuurder
- Daniel Derochette, Bestuurder
- Peter Van Gaelen, Bestuurder
Technical details
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}13-04-2017 BMS&C°, société civile appointed as auditor
- BMS&C°, société civile, Auditor
Technical details
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}03-04-2017 Registered office moved within Bruxelles
- Rue Ravenstein 60 - 1000 Bruxelles → Tour Sablon (15ème étage), rue Joseph Stevens 7, 1000 Bruxelles
Technical details
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}06-03-2017 3 directors appointed, 3 resigning
- Bernard HERNANDEZ, Bestuurder
- Ben VAN ROOSE, Bestuurder
- Kris VEKEMAN, Bestuurder
- Jan RENNEBOOG, Bestuurder
- Marc VAN OVERMEIRE, Bestuurder
- Yves CARELS, Bestuurder
Technical details
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}20-12-2016 Jan RENNEBOOG resigns as director
- Jan RENNEBOOG, Bestuurder
Technical details
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}10-05-2016 6 directors appointed
- Daniel DEROCHETTE, Bestuurder
- Jarı RENNEBOOG, Bestuurder
- Marc VAN OVERMEIRE, Bestuurder
- Yves CARELS, Bestuurder
- Peter VAN GAELEN, Bestuurder
- MACLA SPRL, Bestuurder
Technical details
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}10-05-2016 1 director appointed, 1 resigning
- MACLA SPRL, Bestuurder
- VAN STEENBERGEN, Bestuurder
Technical details
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}12-01-2016 1 director appointed, 1 resigning
- MACLA SPRL, Bestuurder
- Roger VAN STEENBERGEN, Bestuurder
Technical details
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}17-06-2015 2 directors appointed, 1 resigning
- Andy WILLAERT, Bestuurder
- Peter VAN GAELEN, Bestuurder
- Etienne DEBLON, Bestuurder
Technical details
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}08-05-2015 7 directors appointed
- Michel DELBROUCK, Commissaire
- Jan RENNEBOOG, Bestuurder
- Johan VAN DEN BUSSCHE, Bestuurder
- Marc VAN OVERMEIRE, Bestuurder
- Guy JACQUES, Bestuurder
- Patrick STEYAERT, Bestuurder
- Guy VERNIEUWE, Bestuurder
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}30-06-2011 1 director appointed, 1 resigning
- Pol CABY, Bestuurder
- Johan VAN DEN BUSSCHE, Bestuurder
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}15-09-2010 1 director appointed, 1 resigning
- Patrick STEYAERT, Bestuurder
- Antoine MARTENS, Bestuurder
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}07-06-2010 2 directors appointed, 2 resigning
- Johan VAN DEN BUSSCHE, Bestuurder
- BVBA Antoine Martens, Bestuurder
- Leo PARYS, Bestuurder
- Antoine MARTENS, Bestuurder
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | CERTIFER BELGORAIL |
| Trade nameFR | CERTIFER |