CERVAL
ActiveSummary
The computed 12-month bankruptcy probability of CERVAL is 2.2% (moderate). The 2025 annual accounts show equity of €4,331 and a net result of €67,950. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 7071 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency30▼-70
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
4.8%
Return on assets
75.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7071 sector peers (2025).
NBB · sector comparisonPosition among 7071 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
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. 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 · 5 filingsDeviation from the deadline
2025
49 d late
2024
2 d early
2023
23 d late
2022
16 d late
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,331▼ 98.0%
2024 · €217,383
Total assets
€89,903▼ 65.1%
2024 · €257,586
Net result
€67,950▲ 14.0%
2024 · €59,618
Working capital
-€4,250
2024 · €201,883
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,065-€108,585▲ 126%€70,786▼ 34.8%€69,069▼ 2.4%€86,355▲ 25.0%
Net result€38,432-€86,291▲ 125%€59,543▼ 31.0%€59,618▲ 0.1%€67,950▲ 14.0%
Equity€41,432-€127,723▲ 208%€187,266▲ 46.6%€217,383▲ 16.1%€4,331▼ 98.0%
Total assets€81,292-€132,095▲ 62.5%€199,863▲ 51.3%€257,586▲ 28.9%€89,903▼ 65.1%
Debt€39,860-€4,372▼ 89.0%€12,597▲ 188%€40,203▲ 219%€85,572▲ 113%
Working capital€41,432-€124,454▲ 200%€185,191▲ 48.8%€201,883▲ 9.0%-€4,250
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,903
Fixed assets
€8,581 ▼ 44.6%
Current assets
€81,322 ▼ 66.4%
Equity and liabilities €89,903
Equity
€4,331 ▼ 98.0%
Debt
€85,572 ▲ 113%
Debt's share of the balance-sheet total rises from 15.6% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93,274▲
2024 · €73,762
Cash flow
€74,869▲
2024 · €64,310
Current ratio
0.95▼
2024 · 6.02
Debt to equity
19.76▲
2024 · 0.18
ROA
75.6%▲
2024 · 23.1%
Interest coverage
319.39▲
2024 · 281.16
Debt ≤ 1 year
€85,572▲
2024 · €40,203
Income taxes
€18,669▲
2024 · €16,644
A ratio outside any meaningful range has been withheld (balance sheet total €89,903, equity €4,331).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €315 | €1,195 | €4,693 | €6,919 | ▲ 47.4% |
| Other operating charges640/8 | €100 | - | - | - | €787 | - |
| Gross operating margin9900 | €48,165 | €108,899 | €71,981 | €73,762 | €94,061 | ▲ 27.5% |
| Operating profit (loss)9901 | €48,065 | €108,585 | €70,786 | €69,069 | €86,355 | ▲ 25.0% |
| Financial income75/76B | - | €106 | €5,018 | €7,455 | €556 | ▼ 92.5% |
| Recurring financial income75 | - | €106 | €5,018 | €7,455 | €556 | ▼ 92.5% |
| Financial charges65/66B | - | €0 | €455 | €262 | €292 | ▲ 11.3% |
| Recurring financial charges65 | - | €0 | €455 | €262 | €292 | ▲ 11.3% |
| Profit (loss) for the period before taxes9903 | €48,065 | €108,691 | €75,349 | €76,262 | €86,619 | ▲ 13.6% |
| Income taxes67/77 | €9,633 | €22,400 | €15,806 | €16,644 | €18,669 | ▲ 12.2% |
| Profit (loss) for the period9904 | €38,432 | €86,291 | €59,543 | €59,618 | €67,950 | ▲ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €38,432 | €86,291 | €59,543 | €59,618 | €67,950 | ▲ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,292 | €132,095 | €199,863 | €257,586 | €89,903 | ▼ 65.1% |
| Fixed assets21/28 | - | €3,269 | €2,075 | €15,500 | €8,581 | ▼ 44.6% |
| Tangible fixed assets22/27 | - | €3,269 | €2,075 | €15,500 | €8,581 | ▼ 44.6% |
| Furniture and vehicles24 | - | €3,269 | €2,075 | €15,500 | €8,581 | ▼ 44.6% |
| Current assets29/58 | €81,292 | €128,826 | €197,788 | €242,086 | €81,322 | ▼ 66.4% |
| Amounts receivable after more than one year29 | - | €28,000 | €133,106 | €133,000 | €28,000 | ▼ 78.9% |
| Other amounts receivable291 | - | €28,000 | €133,106 | €133,000 | €28,000 | ▼ 78.9% |
| Amounts receivable within one year40/41 | €24,744 | €33,049 | €22,191 | €11,105 | €25,947 | ▲ 134% |
| Trade receivables40 | €24,744 | €15,449 | €10,497 | €10,497 | €24,616 | ▲ 134% |
| Other amounts receivable41 | - | €17,600 | €11,694 | €607 | €1,331 | ▲ 119% |
| Cash at bank and in hand54/58 | €56,549 | €66,875 | €37,473 | €85,875 | €26,044 | ▼ 69.7% |
| Deferred charges and accrued income490/1 | - | €901 | €5,018 | €12,106 | €1,332 | ▼ 89.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,292 | €132,095 | €199,863 | €257,586 | €89,903 | ▼ 65.1% |
| Equity10/15 | €41,432 | €127,723 | €187,266 | €217,383 | €4,331 | ▼ 98.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €38,432 | €124,723 | €184,266 | €214,383 | €1,331 | ▼ 99.4% |
| Amounts payable17/49 | €39,860 | €4,372 | €12,597 | €40,203 | €85,572 | ▲ 113% |
| Amounts payable within one year42/48 | €39,860 | €4,372 | €12,597 | €40,203 | €85,572 | ▲ 113% |
| Trade debts44 | €3,460 | €47 | €6,888 | €774 | €58 | ▼ 92.6% |
| Suppliers440/4 | €3,460 | €47 | €6,888 | €774 | €58 | ▼ 92.6% |
| Taxes, remuneration and social security45 | €35,912 | €4,235 | €5,703 | €9,929 | €10,272 | ▲ 3.5% |
| Taxes450/3 | €22,912 | €4,235 | €5,703 | €9,929 | €10,272 | ▲ 3.5% |
| Remuneration and social security454/9 | €13,000 | - | - | - | - | - |
| Other amounts payable47/48 | €488 | €90 | €6 | €29,500 | €75,242 | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,432 | €86,291 | €59,543 | €59,618 | €67,950 | ▲ 14.0% |
| + Depreciation and write-downs630 | - | €315 | €1,195 | €4,693 | €6,919 | ▲ 47.4% |
| Operating cash flow (approximation) | €38,432 | €86,606 | €60,738 | €64,310 | €74,869 | ▲ 16.4% |
| Investment in fixed assets (approximation) | - | - | €0 | -€18,118 | €0 | ▲ 100% |
| Change in cash | - | €10,327 | -€29,403 | €48,403 | -€59,832 | ▼ 224% |
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
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €217,383 ▲16.1%
4 profitable years in a row build equity to €217,383.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Equity above €150,000Eq €187,266 ▲46.6%
3 profitable years in a row build equity to €187,266.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Highest result since 2021net €86,291 ▲125%
Operating result €108,585, net result €86,291, both a record.
31-12
Financial
Liquidity times 14current ratio 29.47
Current ratio from 2.04 to 29.47; short-term debt falls from €39,860 to €4,372.
31-12
Financial
Equity above €100,000Eq €127,723 ▲208%
2 profitable years in a row build equity to €127,723.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schaarbeek · 1 establishment unit since 2021
Ground area
374 m²
Building footprint
135 m²
Volume, LiDAR
1,655 m³
Parcel 21015A0430/00S000, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CERVAL
since 20212.317.367.711
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0430/00S000 | Brussels | 374 m² | 1 · 135 m² | 18.2 m · 5 fl. |
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 13,417 companies in sector 73300 we hold annual accounts for 6,899. 2,384 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
Founded11-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
58110Book publishing
69109Other legal services
Scores and ratios are computed by Checked and are not a credit decision.