CERTOR
ActiveSummary
CERTOR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €430k and a net result of €64k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 71.59 against 5.34 in 2024; short-term debt: 1.2% and cash: 3.8% of total assets), and 1.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.8%
Return on assets
14.6%
Age of the figures
18 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
1 d early
2022
on the day
2021
8 d early
2020
1 d late
2019
367 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€430k▲ 17.4%
2024 · €366k
2019: €111k
2020: €108k▼ -2.2% vs 2019lowest in 7 years
2021: €220k▲ +103% vs 2020
2022: €262k▲ +19.4% vs 2021
2023: €274k▲ +4.4% vs 2022
2024: €366k▲ +33.8% vs 2023
2025: €430k▲ +17.4% vs 2024highest in 7 years
2019 → 2025
Total assets
€435k▲ 0.7%
2024 · €432k
2019: €162k
2020: €158k▼ -2.6% vs 2019lowest in 7 years
2021: €248k▲ +57.2% vs 2020
2022: €282k▲ +14.0% vs 2021
2023: €291k▲ +3.1% vs 2022
2024: €432k▲ +48.3% vs 2023
2025: €435k▲ +0.7% vs 2024highest in 7 years
2019 → 2025
Net result
€64k▼ 43.8%
2024 · €113k
2019: €-18klowest in 7 years
2020: €19k▲ +204% vs 2019
2021: €111k▲ +489% vs 2020
2022: €74k▼ -33.6% vs 2021
2023: €53k▼ -28.9% vs 2022
2024: €113k▲ +115% vs 2023highest in 7 years
2025: €64k▼ -43.8% vs 2024
2019 → 2025
Working capital
€378k▲ 32.5%
2024 · €285k
2019: €84klowest in 7 years
2020: €85k▲ +0.9% vs 2019
2021: €199k▲ +135% vs 2020
2022: €242k▲ +21.6% vs 2021
2023: €257k▲ +6.2% vs 2022
2024: €285k▲ +10.9% vs 2023
2025: €378k▲ +32.5% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€262k▲ 19.4%€274k▲ 4.4%€366k▲ 33.8%€430k▲ 17.4%
2021: €220klowest in 5 years
2022: €262k▲ +19.4% vs 2021
2023: €274k▲ +4.4% vs 2022
2024: €366k▲ +33.8% vs 2023
2025: €430k▲ +17.4% vs 2024highest in 5 years
Operating result€158k-€100k▼ 36.6%€64k▼ 35.8%€126k▲ 97.3%€89k▼ 30.0%
2021: €158khighest in 5 years
2022: €100k▼ -36.6% vs 2021
2023: €64k▼ -35.8% vs 2022lowest in 5 years
2024: €126k▲ +97.3% vs 2023
2025: €89k▼ -30.0% vs 2024
Net result€111k-€74k▼ 33.6%€53k▼ 28.9%€113k▲ 115%€64k▼ 43.8%
2021: €111k
2022: €74k▼ -33.6% vs 2021
2023: €53k▼ -28.9% vs 2022lowest in 5 years
2024: €113k▲ +115% vs 2023highest in 5 years
2025: €64k▼ -43.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €435k
Fixed assets
€52k ▼ 35.6%
Current assets
€383k ▲ 9.2%
Equity and liabilities €435k
Equity
€430k ▲ 17.4%
Debt
€5k ▼ 91.9%
Debt's share of the balance-sheet total falls from 15.2% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107k▼
2024 · €141k
Cash flow
€83k▼
2024 · €128k
Current ratio
71.59▲
2024 · 5.34
Debt to equity
0.01▼
2024 · 0.18
ROE
14.8%▼
2024 · 30.9%
ROA
14.6%▼
2024 · 26.2%
Interest coverage
1602.18▼
2024 · 2498.00
Debt ≤ 1 year
€5k▼
2024 · €66k
Income taxes
€25k▼
2024 · €40k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€432k€435k▲
Fixed assets21/28€81k€52k▼
Tangible fixed assets22/27€81k€52k▼
Land and buildings22€2k-
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€77k€51k▼
Current assets29/58€351k€383k▲
Amounts receivable within one year40/41€64k€42k▼
Trade receivables40€64k€30k▼
Other amounts receivable41€21€12k▲
Current investments50/53€57k€323k▲
Cash at bank and in hand54/58€229k€16k▼
Deferred charges and accrued income490/1€800€846▲
Equity and liabilities
Total equity and liabilities10/49€432k€435k▲
Equity10/15€366k€430k▲
Contributions10/11€12k€12k=
Reserves13€353k€417k▲
Distributable reserves133€353k€417k▲
Profit (loss) carried forward14€652€652=
Amounts payable17/49€66k€5k▼
Amounts payable within one year42/48€66k€5k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€38k-
Taxes450/3€31k-
Remuneration and social security454/9€7k-
Other amounts payable47/48€23k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€19k▲
Other operating charges640/8€907€535▼
Non-recurring operating charges66A-€10k
Gross operating margin9900€142k€118k▼
Operating profit (loss)9901€126k€89k▼
Financial income75/76B€27k€139▼
Recurring financial income75€27k€139▼
Financial charges65/66B€57€67▲
Recurring financial charges65€57€67▲
Profit (loss) for the period before taxes9903€153k€89k▼
Income taxes67/77€40k€25k▼
Profit (loss) for the period9904€113k€64k▼
Profit (loss) for the period to be appropriated9905€113k€64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€64k▼
Profit (loss) brought forward from the previous period14P€652€652=
Transfer from equity791/2€21k-
Transfer to equity691/2€113k€64k▼
To other reserves6921€113k€64k▼
Profit to be distributed694/7€21k-
Return on contributions (dividend)694€21k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €4k | €15k | €19k | ▲ 26.7% |
| Other operating charges640/8 | - | €1k | €930 | €907 | €535 | ▼ 41.0% |
| Non-recurring operating charges66A | - | - | - | - | €10k | - |
| Gross operating margin9900 | €162k | €105k | €69k | €142k | €118k | ▼ 17.1% |
| Operating profit (loss)9901 | €158k | €100k | €64k | €126k | €89k | ▼ 30.0% |
| Financial income75/76B | - | €3k | €10k | €27k | €139 | ▼ 99.5% |
| Recurring financial income75 | €721 | €3k | €10k | €27k | €139 | ▼ 99.5% |
| Financial charges65/66B | - | €50 | €40 | €57 | €67 | ▲ 18.5% |
| Recurring financial charges65 | €81 | €50 | €40 | €57 | €67 | ▲ 18.5% |
| Profit (loss) for the period before taxes9903 | €158k | €102k | €74k | €153k | €89k | ▼ 42.3% |
| Income taxes67/77 | €47k | €28k | €21k | €40k | €25k | ▼ 38.1% |
| Profit (loss) for the period9904 | €111k | €74k | €53k | €113k | €64k | ▼ 43.8% |
| Profit (loss) for the period to be appropriated9905 | €111k | €74k | €53k | €113k | €64k | ▼ 43.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248k | €282k | €291k | €432k | €435k | ▲ 0.7% |
| Fixed assets21/28 | €21k | €20k | €17k | €81k | €52k | ▼ 35.6% |
| Tangible fixed assets22/27 | €21k | €20k | €17k | €81k | €52k | ▼ 35.6% |
| Land and buildings22 | - | €6k | €4k | €2k | - | - |
| Plant, machinery and equipment23 | - | €3k | €1k | €3k | €1k | ▼ 53.7% |
| Furniture and vehicles24 | - | €12k | €11k | €77k | €51k | ▼ 33.5% |
| Current assets29/58 | €227k | €262k | €275k | €351k | €383k | ▲ 9.2% |
| Amounts receivable within one year40/41 | €17k | €43k | €44k | €64k | €42k | ▼ 34.3% |
| Trade receivables40 | - | €43k | €44k | €64k | €30k | ▼ 53.6% |
| Other amounts receivable41 | - | €19 | €19 | €21 | €12k | ▲ 59,339% |
| Current investments50/53 | €125k | €173k | €205k | €57k | €323k | ▲ 470% |
| Cash at bank and in hand54/58 | €84k | €45k | €26k | €229k | €16k | ▼ 92.9% |
| Deferred charges and accrued income490/1 | - | €859 | €33 | €800 | €846 | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248k | €282k | €291k | €432k | €435k | ▲ 0.7% |
| Equity10/15 | €220k | €262k | €274k | €366k | €430k | ▲ 17.4% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €207k | €249k | €261k | €353k | €417k | ▲ 18.0% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €247k | €261k | €353k | €417k | ▲ 18.0% |
| Profit (loss) carried forward14 | €652 | €652 | €652 | €652 | €652 | = |
| Amounts payable17/49 | €28k | €20k | €18k | €66k | €5k | ▼ 91.9% |
| Amounts payable within one year42/48 | €28k | €20k | €18k | €66k | €5k | ▼ 91.9% |
| Financial debts43 | - | €118 | - | - | - | - |
| Credit institutions430/8 | - | €118 | - | - | - | - |
| Trade debts44 | €276 | €163 | €1k | €4k | €3k | ▼ 28.3% |
| Suppliers440/4 | - | €163 | €1k | €4k | €3k | ▼ 28.3% |
| Taxes, remuneration and social security45 | - | €17k | €15k | €38k | - | - |
| Taxes450/3 | - | €17k | €15k | €31k | - | - |
| Remuneration and social security454/9 | - | - | - | €7k | - | - |
| Other amounts payable47/48 | - | €3k | €949 | €23k | €2k | ▼ 90.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111k | €74k | €53k | €113k | €64k | ▼ 43.8% |
| + Depreciation and write-downs630 | €3k | €4k | €4k | €15k | €19k | ▲ 26.7% |
| Operating cash flow (approximation) | €114k | €78k | €56k | €128k | €83k | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-80k | €10k | ▲ 113% |
| Change in cash | - | €-39k | €-19k | €203k | €-213k | ▼ 205% |
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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 13current ratio 71.59
Current ratio from 5.34 to 71.59; short-term debt falls from €66k to €5k.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €113k ▲115%
Net result €113k, the highest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 8.06
Current ratio from 2.72 to 8.06; short-term debt falls from €49k to €28k.
31-03
Financial
Equity above €200kEq €220k ▲103%
2 profitable years in a row build equity to €220k.
2020
01-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 367 days late
31-03
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
Show earlier events
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2016
14-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2012
Ground area
6,232 m²
Building footprint
804 m²
Parcel 12404F0795/00K000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CERTOR
since 20122.208.625.464
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0795/00K000 | Flanders | 6,232 m² | 1 · 804 m² | - |
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.
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Of 762 companies in sector 72101 we hold annual accounts for 481. 323 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2012
Fiscal year end31-03
Activities, NACEBEL 2025
72101Research and development on biotechnology
70200Business and other management consultancy
72109Other research and development on natural sciences
74999Other professional, scientific and technical activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.