CERTUS RAIL SOLUTIONS
The computed 12-month bankruptcy probability of CERTUS RAIL SOLUTIONS is 3.2% (moderate). The 2024 annual accounts show equity of €18k and a net result of €-189k. Equity is shrinking by ~37.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 15% of 195 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €18k |
| Net result | €-189k |
| Staff (FTE) | 2.2 |
| Better than sector | 15% |
Fragile profile, watch profitability in particular.
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 | 3.0% | 28.2% | |
| Net result | €-189k | €22k | |
| Equity | €18k | €176k | |
| Gross operating margin | €156k | €404k | |
| Staff costs | €231k | €364k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-76k |
| Net profit | €-189k |
| Cash flow | €-77k |
| Staff costs | €231k |
| Income taxes | €219 |
| Dividends | - |
| Total assets | €617k |
| Equity | €18k |
| Debt | €599k |
| of which ≤ 1y | €560k |
| of which > 1y | - |
| Working capital | €-225k |
| Employees (FTE) | 2.2 |
| 2024 | |
|---|---|
| Current ratio | 0.60 |
| Quick ratio | 0.60 |
| Working capital ratio | -36.4% |
| Solvency | 3.0% |
| Debt / equity | 32.73 |
| Long-term debt ratio | - |
| Interest coverage | -230.68 |
| Gross margin | - |
| Net margin | - |
| ROA | -30.6% |
| ROE | -1031.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €617k |
| Fixed assets | 21/28 | €281k |
| Tangible fixed assets | 22/27 | €281k |
| Current assets | 29/58 | €336k |
| Amounts receivable within one year | 40/41 | €141k |
| Cash & bank | 54/58 | €167k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €617k |
| Equity | 10/15 | €18k |
| Contributions / capital | 10/11 | €207k |
| Accumulated profits (losses) | 14 | €-189k |
| Amounts payable | 17/49 | €599k |
| Amounts payable within one year | 42/48 | €560k |
| Trade debts payable within one year | 44 | €206k |
| Income statement | ||
| Gross operating margin | 9900 | €156k |
| Operating result | 9901 | €-188k |
| Financial charges | 65 | €329 |
| Result before taxes | 9903 | €-188k |
| Income taxes | 67/77 | €219 |
| Net result for the period | 9904 | €-189k |
| Result to be appropriated | 9905 | €-189k |
-
Current02-09-2024 → present
-
Current02-09-2024 → present
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Forvis Mazars Réviseurs d’EntreprisesCurrent Statutory auditor · represented by Jurgen Ostyn |
- | 11-12-2025 → present |
| NACE primary | Land transport(49200) |
| Legal form | Public limited company(014) |
| Incorporation | 02-04-2021 |
| Status | Active |
| Postal code | 9820 |
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. |
|---|---|---|---|---|
| 44413A0078/00V000 | Flanders | 1.1 ha | 1 · 7,143 m² | 8.0 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
11-12-2025 Jurgen Ostyn appointed as statutory auditor
- Jurgen Ostyn, Commissaris
Technical details
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"evidence_quote": "De algemene vergadering benoemt Forvis Mazars Bedrijfsrevisoren [BV, met ondernemingsnummer 0428.837.889], met zetel te 9051 Gent, Raymonde de Larochelaan 15 bus 104, als commissaris voor een termijn van drie jaar. Deze vennootschap wijst overeenkomstig artikel 3:60 WVV Jurgen Ostyn aan voor de uito"
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}25-09-2024 Capital increase of €606,908.99 to €606,908.99
- €0 → €606.908,99
- 4 kapitaalbewegingen in deze akte
Technical details
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}07-04-2021 Incorporation of a new NV
Technical details
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"kbo": null,
"name": "Strukton Rail"
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"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "Strukton Rail",
"contribution_type": "cash",
"amount_paid_in_eur": 100000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 2000,
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"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CERTUS RAIL SOLUTIONS |