Equity
€4,331 from €217,383 in 2024
Equity fell by 98% in 1 year.
CERVAL
Lifetime
5 annual accounts with figures on one time axispeak €108,899 (2022)
€94,061▲ 27.5%
peak €86,291 (2022)
€67,950▲ 14.0%
peak €217,383 (2024)
€4,331▼ 98.0%
€85,572▲ 113%
Board1 name since 2021
1 directorCLERCKX Edwin Louis Jean Georges
Documentsfilings and deeds
18-09-202649 days late
2025micro format
Gross margin from €73,762 to €94,061Dividend €281,002Equity from €217,383 to €4,331Debts from €40,203 to €85,572Cash from €85,875 to €26,044
Key points
from the 2025 annual accountsTurnover
≈ €200,000 estimated
The micro format states no turnover.
Debts
€85,572 95% of the balance sheet
Suppliers 0%Taxes and wages 12%Other 88%
Liquidity
0.95 was 6.02 in 2024
Short-term debts rose from €40,203 to €85,572.
Filings
5 annual accounts 3 late
The 2025 accounts came latest: 49 days after the end of the period.
Position in the sector
4.8%
Lower solvency than 84% of companies in advertising and market research. Sector median 53.3% · 8,617 companies.
Checked score
69
Healthy
Financially stronger than 32% of micro companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.2%▼ -0.1 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.3 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 49 days late; 1 of the last 3 accounts late
Equity €4,331 (4.8% of total assets)
lowers risk
Sector: Advertising, market research and public relations activities (NACE 73)
Liquidity: current ratio 0.95, cash €26,044, halved
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 73, micro). It does better than 16% of them on solvency, 20% on liquidity, 88% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as CERVAL has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
That fits the bankruptcy probability of CERVAL itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 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 2,153 companies, not a prediction for CERVAL. 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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8617 sector peers (2025).
NBB · sector comparisonPosition among 8617 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 49 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
49 days late
2024
2 days early
2023
23 days late
2022
16 days late
2021
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 11 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0768305524
Registered office moved to Brussels
New registered office: Sleeckxlaan 9, 1030 Brussel · General meeting of 28-09-2023 · Gazette deed
Incorporation
Founding capital of €3,000, 120 shares · Founder: CLERCKX Edwin Louis Jean Georges (comparant) · Appointment: CLERCKX Edwin Louis Jean Georges (director) · published on 14-05-2021 · Gazette deed
First establishment
Sleeckxlaan 9, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CERVAL Schaerbeek | €89,903 | €94,061 | 4.8% | - |
| BSC INTERNATIONAL Schaerbeek | €98,456 | €75,917 | 4.1% | - |
| DJKR Management Uccle | €89,888 | €96,807 | 2.8% | - |
| A.K. Consult Berchem-Sainte-Agathe | €102,533 | €86,103 | 69.8% | - |
| FRACTAL CONSULTING Woluwe-Saint-Pierre | €79,024 | €81,530 | 6.3% | - |
| NEOMA Ganshoren | €105,814 | €89,224 | 43.2% | - |
| LAO Anderlecht | €78,031 | €89,170 | 3.7% | - |
These companies have the same main activity as CERVAL: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €78,000 and €106,000, founded in 2021.
Official details
Source: KBO- Status
- Active since 11-05-2021Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.317.367.7111030 Schaerbeek, since 11-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Insights on CERVAL
CERVAL files the micro format. That format states no turnover. The gross margin rose from €48,165 in 2021 to €94,061 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CERVAL
- What is the company number of CERVAL?
- The company number of CERVAL is 0768.305.524. The VAT number is the same number with BE in front: BE 0768.305.524.
- Where is CERVAL based?
- The registered office is at Sleeckxlaan 9, 1030 Schaerbeek.Company details
- What does CERVAL do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of CERVAL?
- CERVAL is a private limited company (BV).
- When was CERVAL founded?
- CERVAL was founded on 11-05-2021.
- Is CERVAL still active?
- Yes, CERVAL is an active enterprise in the KBO register.
- What is the turnover of CERVAL?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €94,061 and 30 comparable companies (NACE 73). It probably lies between €180,000 and €270,000.Financials
- Is CERVAL profitable?
- In financial year 2025, CERVAL made a profit of €67,950.
- Where can I find the annual accounts of CERVAL?
- CERVAL filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CERVAL due?
- CERVAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.