CERVAL
ActiveSummary
CERVAL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,924 and a net result of €11,445. Equity is growing by ~10.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €73,949 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €56,482 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,084 | €722 | €846 | €3,906 | €7,282 | ▲ 86.4% |
| Other operating charges640/8 | €870 | €873 | €920 | €1,234 | €1,163 | ▼ 5.7% |
| Gross operating margin9900 | -€304 | €8,883 | €10,417 | €22,981 | €26,284 | ▲ 14.4% |
| Operating profit (loss)9901 | -€6,259 | €7,289 | €8,650 | €17,841 | €17,838 | = |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €95 | €102 | €108 | €147 | €108 | ▼ 26.3% |
| Recurring financial charges65 | €95 | €102 | €108 | €147 | €108 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | -€6,353 | €7,187 | €8,542 | €17,694 | €17,730 | ▲ 0.2% |
| Income taxes67/77 | -€2 | €523 | €1,235 | €2,498 | €6,285 | ▲ 152% |
| Profit (loss) for the period9904 | -€6,351 | €6,663 | €7,307 | €15,196 | €11,445 | ▼ 24.7% |
| Profit (loss) for the period to be appropriated9905 | -€6,351 | €6,663 | €7,307 | €15,196 | €11,445 | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,859 | €113,381 | €122,420 | €143,687 | €155,483 | ▲ 8.2% |
| Fixed assets21/28 | €2,125 | €2,270 | €1,723 | €24,926 | €17,868 | ▼ 28.3% |
| Tangible fixed assets22/27 | €2,125 | €2,270 | €1,723 | €24,926 | €17,868 | ▼ 28.3% |
| Plant, machinery and equipment23 | - | €735 | €562 | €388 | €215 | ▼ 44.7% |
| Furniture and vehicles24 | €2,125 | €1,535 | €1,162 | €24,538 | €17,653 | ▼ 28.1% |
| Current assets29/58 | €127,735 | €111,111 | €120,697 | €118,761 | €137,615 | ▲ 15.9% |
| Amounts receivable within one year40/41 | €10,000 | €14,000 | €13,800 | €12,950 | €2,571 | ▼ 80.1% |
| Trade receivables40 | - | - | - | - | €131 | - |
| Other amounts receivable41 | €10,000 | €14,000 | €13,800 | €12,950 | €2,440 | ▼ 81.2% |
| Cash at bank and in hand54/58 | €117,464 | €96,798 | €106,897 | €105,811 | €134,725 | ▲ 27.3% |
| Deferred charges and accrued income490/1 | €271 | €313 | - | - | €320 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,859 | €113,381 | €122,420 | €143,687 | €155,483 | ▲ 8.2% |
| Equity10/15 | €101,313 | €107,976 | €115,283 | €130,479 | €141,924 | ▲ 8.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,226 | €78,826 | €86,126 | €101,226 | €112,626 | ▲ 11.3% |
| Non-distributable reserves130/1 | €56,860 | €63,460 | €70,760 | €85,860 | €97,260 | ▲ 13.3% |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Own shares acquired1312 | €55,000 | €61,600 | €68,900 | €84,000 | €95,400 | ▲ 13.6% |
| Tax-exempt reserves132 | €15,366 | €15,366 | €15,366 | €15,366 | €15,366 | = |
| Profit (loss) carried forward14 | €10,486 | €10,550 | €10,557 | €10,653 | €10,698 | ▲ 0.4% |
| Amounts payable17/49 | €28,546 | €5,404 | €7,137 | €13,208 | €13,559 | ▲ 2.7% |
| Amounts payable within one year42/48 | €28,546 | €5,404 | €7,137 | €13,208 | €13,559 | ▲ 2.7% |
| Trade debts44 | - | - | €42 | - | - | - |
| Suppliers440/4 | - | - | €42 | - | - | - |
| Taxes, remuneration and social security45 | €28,500 | €4,660 | €6,390 | €7,240 | €6,240 | ▼ 13.8% |
| Taxes450/3 | €28,500 | €4,660 | €6,390 | €7,240 | €6,240 | ▼ 13.8% |
| Other amounts payable47/48 | €46 | €744 | €705 | €5,968 | €7,319 | ▲ 22.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,351 | €6,663 | €7,307 | €15,196 | €11,445 | ▼ 24.7% |
| + Depreciation and write-downs630 | €5,084 | €722 | €846 | €3,906 | €7,282 | ▲ 86.4% |
| Operating cash flow (approximation) | -€1,267 | €7,385 | €8,154 | €19,102 | €18,727 | ▼ 2.0% |
| Investment in fixed assets (approximation) | - | -€867 | -€300 | -€27,109 | -€224 | ▲ 99.2% |
| Change in cash | - | -€20,666 | €10,099 | -€1,086 | €28,913 | ▲ 2,762% |
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
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.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92044B0179/00A003 | Wallonia | 2,191 m² | 1 · 154 m² | - |
Linked by address, not proof of ownership
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
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