Cervantes Construct
ActiveSummary
Cervantes Construct has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.1m and a net result of €1.6m. Equity is growing by ~42.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-28
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.04 in 2024; short-term debt: 20.5% and cash: 1.7% of total assets), and 20.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
79.5%
Return on assets
13.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 d early
2024
31 d early
2023
29 d late
2022
25 d early
2021
19 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Vybros Capital Partners · 56 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#3 company by equity in Staden, Professional and technical services sector#7 company by total assets in Staden, Professional and technical services sector
Turnover
€222,000
EBIT margin
94.4%
Net result
€1.6m▼ 67.8%
2024 · €4.9m
Working capital
-€2.2m▲ 5.0%
2024 · -€2.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€222,000
Operating result€421,715▼ 24.2%€217,164▼ 48.5%€216,366▼ 0.4%€220,268▲ 1.8%€209,594▼ 4.8%
Net result€1.0mabove the sector's middle half▼ 28.9%€1.3mabove the sector's middle half▲ 26.6%€1.2mabove the sector's middle half▼ 8.6%€4.9mabove the sector's middle half▲ 304%€1.6mabove the sector's middle half▼ 67.8%
EBIT margin94.4%
Equity€2.6mabove the sector's middle half▲ 66.6%€3.9mabove the sector's middle half▲ 50.6%€5.2mabove the sector's middle half▲ 30.7%€7.6mabove the sector's middle half▲ 46.5%€9.1mabove the sector's middle half▲ 20.9%
Total assets€11.6mabove the sector's middle half▼ 5.7%€11.5mabove the sector's middle half▼ 0.5%€11.5mabove the sector's middle half▼ 0.6%€11.4mabove the sector's middle half▼ 0.6%€11.5mabove the sector's middle half▲ 1.0%
Debt€9.0m▼ 16.3%€7.6m▼ 15.4%€6.3m▼ 16.9%€3.8m▼ 39.2%€2.4m▼ 38.3%
Working capital-€1.1m▼ 23.8%-€1.0m▲ 7.6%-€2.1m▼ 105%-€2.3m▼ 8.4%-€2.2m▲ 5.0%
Solvency22.6%below the sector's middle half▲ 9.8pp34.2%within the sector's middle half▲ 11.6pp45.0%within the sector's middle half▲ 10.8pp66.4%within the sector's middle half▲ 21.3pp79.5%within the sector's middle half▲ 13.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -68% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.5m
Fixed assets
€11.3m =
Current assets
€205,505 ▲ 114%
Equity and liabilities €11.5m
Equity
€9.1m ▲ 20.9%
Debt
€2.4m ▼ 38.3%
Debt's share of the balance-sheet total falls from 33.6% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.09▲
2024 · 0.04
Debt to equity
0.26▼
2024 · 0.51
ROE
17.3%▼
2024 · 64.8%
ROA
13.7%▼
2024 · 43.0%
Debt ≤ 1 year
€2.4m▼
2024 · €2.4m
Debt > 1 year
€0▼
2024 · €1.2m
Income taxes
€14,476
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €222,000 | - |
| Turnover70 | - | - | - | - | €222,000 | - |
| Operating charges60/66A | - | - | - | - | €12,406 | - |
| Services and other goods61 | - | - | - | - | €11,280 | - |
| Other operating charges640/8 | €459 | €980 | €1,075 | €1,094 | €1,126 | ▲ 3.0% |
| Gross operating margin9900 | €422,173 | €218,144 | €217,442 | €221,362 | - | - |
| Operating profit (loss)9901 | €421,715 | €217,164 | €216,366 | €220,268 | €209,594 | ▼ 4.8% |
| Financial income75/76B | €880,000 | €1.3m | €1.3m | €5.0m | €1.5m | ▼ 69.9% |
| Recurring financial income75 | €880,000 | €1.3m | €1.3m | €5.0m | €1.5m | ▼ 69.9% |
| Income from financial fixed assets750 | - | - | - | - | €1.5m | - |
| Income from current assets751 | - | - | - | - | €0 | - |
| Financial charges65/66B | €197,172 | €181,018 | €253,369 | €296,275 | €116,980 | ▼ 60.5% |
| Recurring financial charges65 | €197,172 | €181,018 | €253,369 | €296,275 | €116,980 | ▼ 60.5% |
| Debt charges650 | - | - | - | - | €116,627 | - |
| Other financial charges652/9 | - | - | - | - | €353 | - |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.3m | €1.2m | €4.9m | €1.6m | ▼ 67.5% |
| Income taxes67/77 | €56,136 | €9,036 | €0 | - | €14,476 | - |
| Taxes670/3 | - | - | - | - | €14,476 | - |
| Profit (loss) for the period9904 | €1.0m | €1.3m | €1.2m | €4.9m | €1.6m | ▼ 67.8% |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €1.3m | €1.2m | €4.9m | €1.6m | ▼ 67.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.6m | €11.5m | €11.5m | €11.4m | €11.5m | ▲ 1.0% |
| Fixed assets21/28 | €11.3m | €11.3m | €11.3m | €11.3m | €11.3m | = |
| Financial fixed assets28 | €11.3m | €11.3m | €11.3m | €11.3m | €11.3m | = |
| Affiliated companies280/1 | - | - | - | - | €11.3m | - |
| Participating interests280 | - | - | - | - | €11.3m | - |
| Current assets29/58 | €289,984 | €232,359 | €161,830 | €95,826 | €205,505 | ▲ 114% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €26,249 | €28,349 | €42,582 | €52,385 | €15,524 | ▼ 70.4% |
| Trade receivables40 | €22,385 | €22,385 | €22,582 | €22,385 | €0 | ▼ 100% |
| Other amounts receivable41 | €3,864 | €5,964 | €20,000 | €30,000 | €15,524 | ▼ 48.3% |
| Cash at bank and in hand54/58 | €248,734 | €154,010 | €89,248 | €43,441 | €189,981 | ▲ 337% |
| Deferred charges and accrued income490/1 | €15,000 | €50,000 | €30,000 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.6m | €11.5m | €11.5m | €11.4m | €11.5m | ▲ 1.0% |
| Equity10/15 | €2.6m | €3.9m | €5.2m | €7.6m | €9.1m | ▲ 20.9% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €2.5m | €3.8m | €5.1m | €7.5m | €9.0m | ▲ 21.1% |
| Distributable reserves133 | €2.5m | €3.8m | €5.1m | €7.5m | €9.0m | ▲ 21.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €9.0m | €7.6m | €6.3m | €3.8m | €2.4m | ▼ 38.3% |
| Amounts payable after more than one year17 | €7.5m | €6.2m | €4.0m | €1.2m | €0 | ▼ 100% |
| Financial debts170/4 | €5.0m | €3.7m | €2.5m | €1.2m | €0 | ▼ 100% |
| Credit institutions173 | - | - | - | - | €0 | - |
| Other amounts payable178/9 | €2.5m | €2.5m | €1.5m | €0 | - | - |
| Amounts payable within one year42/48 | €1.4m | €1.3m | €2.3m | €2.4m | €2.4m | ▼ 0.1% |
| Current portion of amounts payable after more than one year42 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Trade debts44 | €111 | - | €637 | €156 | €5,226 | ▲ 3,250% |
| Suppliers440/4 | €111 | - | €637 | €156 | €5,226 | ▲ 3,250% |
| Taxes, remuneration and social security45 | €143,223 | €11,457 | €11,473 | €11,364 | €10,099 | ▼ 11.1% |
| Taxes450/3 | €143,223 | €11,457 | €11,473 | €11,364 | €10,099 | ▼ 11.1% |
| Other amounts payable47/48 | €10,000 | - | €1.0m | €1.1m | €1.1m | ▼ 0.6% |
| Accrued charges and deferred income492/3 | €100,000 | €100,000 | €58,678 | €222,661 | €307 | ▼ 99.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €1.3m | €1.2m | €4.9m | €1.6m | ▼ 67.8% |
| Operating cash flow (approximation) | €1.0m | €1.3m | €1.2m | €4.9m | €1.6m | ▼ 67.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€94,724 | -€64,762 | -€45,808 | €146,540 | ▲ 420% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €4.9m ▲304%
Net result €4.9m, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €5mEq €5.2m ▲30.7%
4 profitable years in a row build equity to €5.2m.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-12
Financial
Weakest financial yearnet €1.0m ▼28.9%
Net result drops to €1.0m, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2mEq €2.6m ▲66.6%
2 profitable years in a row build equity to €2.6m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Staden · 1 establishment unit since 2019
Ground area
1.1 ha
Building footprint
2,758 m²
Volume, LiDAR
15,903 m³
2 parcels, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cervantes Construct
since 20192.297.726.201
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505A0724/00R002 | Flanders | 6,101 m² | 1 · 5 m² | 1.6 m · 1 fl. |
| 36019B1080/00M002 | Flanders | 5,135 m² | 1 · 2,753 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Vybros Capital Partners
56 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- Vybros Capital Partners
- VYMALA
- STICOMAX
- Cervantes Construct
Highest known parent: Vybros Capital Partners. The sources do not say who stands above it.
Owners 1
- STICOMAXparentSourceaccounts STICOMAX 2025100%
Holdings 1
-
100%
According to the 2025 annual accounts of Cervantes Construct and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 7,314 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
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738629363
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.