CERVIS
ActiveSummary
The annual accounts of CERVIS for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €134,804 and a net result of -€218,212. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 392 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-7
Solvency31▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.05 against 1.19 in 2024; short-term debt: 94% and cash: 0.7% of total assets), and 94.3% of the assets are financed with debt.
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Signals
Seven 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 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€218,212
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 392 sector peers (2025).
NBB · sector comparisonPosition among 392 sector peers
Solvency
better than 25%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
19 d late
2023
8 d late
2022
33 d early
2021
3 d late
2020
18 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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
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Financials · fiscal year 2025, abbreviated schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
-€218,212▼ 176%
2024 · -€78,957
Working capital
€112,226▼ 65.4%
2024 · €324,195
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
Turnover
Operating result€86,821▲ 763%€147,625▲ 70.0%€201,027▲ 36.2%-€75,410-€221,950▼ 194%
Net result€26,221€85,556▲ 226%€114,932▲ 34.3%-€78,957-€218,212▼ 176%
Equity€231,484▲ 12.8%€317,040▲ 37.0%€431,973▲ 36.3%€353,016▼ 18.3%€134,804▼ 61.8%
Total assets€2.4m▲ 14.8%€2.3m▼ 2.1%€2.3m▲ 0.3%€2.0m▼ 13.3%€2.4m▲ 17.1%
Debt€2.2m▲ 15.0%€2.0m▼ 6.3%€1.9m▼ 5.3%€1.7m▼ 12.2%€2.2m▲ 33.8%
Working capital€199,298▲ 19.3%€278,208▲ 39.6%€400,627▲ 44.0%€324,195▼ 19.1%€112,226▼ 65.4%
Staff (FTE)17.2▼ 18.5%19.2▲ 11.6%19.7▲ 2.6%22.1▲ 12.2%21.2▼ 4.1%
Why a figure moved sharply
- 2025 Net result -176% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
- 2025 Equity -62% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €221,950 in 2025 against €75,410 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€29,943 ▲ 2.1%
Current assets
€2.3m ▲ 17.4%
Equity and liabilities €2.4m
Equity
€134,804 ▼ 61.8%
Debt
€2.2m ▲ 33.8%
Debt's share of the balance-sheet total rises from 82.6% to 94.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€217,256▼
2024 · -€67,725
Cash flow
-€213,517▼
2024 · -€71,272
Current ratio
1.05▼
2024 · 1.19
Debt to equity
16.64▲
2024 · 4.75
ROE
-161.9%▼
2024 · -22.4%
ROA
-9.2%▼
2024 · -3.9%
Interest coverage
-4.13▼
2024 · -4.10
Debt ≤ 1 year
€2.2m▲
2024 · €1.7m
Income taxes
€0▼
2024 · €7,825
Staff costs
€2.3m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 912 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €1.7m | €1.8m | €1.9m | €1.9m | €2.3m | ▲ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,978 | €9,425 | €9,390 | €7,685 | €4,694 | ▼ 38.9% |
| Other operating charges640/8 | €23,062 | €4,317 | €30,763 | €49,165 | €56,656 | ▲ 15.2% |
| Non-recurring operating charges66A | €0 | €1,031 | €0 | - | - | - |
| Gross operating margin9900 | €1.8m | €2.0m | €2.2m | €1.9m | €2.2m | ▲ 13.8% |
| Operating profit (loss)9901 | €86,821 | €147,625 | €201,027 | -€75,410 | -€221,950 | ▼ 194% |
| Financial income75/76B | €827 | €1,053 | €8,785 | €20,791 | €56,307 | ▲ 171% |
| Recurring financial income75 | €827 | €1,053 | €8,785 | €20,791 | €56,307 | ▲ 171% |
| Financial charges65/66B | €22,653 | €10,904 | €17,580 | €16,513 | €52,568 | ▲ 218% |
| Recurring financial charges65 | €22,653 | €10,904 | €17,580 | €16,513 | €52,568 | ▲ 218% |
| Profit (loss) for the period before taxes9903 | €64,995 | €137,774 | €192,232 | -€71,132 | -€218,212 | ▼ 207% |
| Income taxes67/77 | €38,774 | €52,217 | €77,299 | €7,825 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €26,221 | €85,556 | €114,932 | -€78,957 | -€218,212 | ▼ 176% |
| Profit (loss) for the period to be appropriated9905 | €26,221 | €85,556 | €114,932 | -€78,957 | -€218,212 | ▼ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.3m | €2.3m | €2.0m | €2.4m | ▲ 17.1% |
| Fixed assets21/28 | €34,916 | €41,743 | €34,203 | €29,326 | €29,943 | ▲ 2.1% |
| Tangible fixed assets22/27 | €29,261 | €23,157 | €15,614 | €10,703 | €11,244 | ▲ 5.1% |
| Plant, machinery and equipment23 | - | - | - | €360 | €280 | ▼ 22.0% |
| Furniture and vehicles24 | €9,525 | €8,363 | €5,348 | €3,724 | €6,137 | ▲ 64.8% |
| Leasing and similar rights25 | €415 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €19,321 | €14,794 | €10,266 | €6,619 | €4,826 | ▼ 27.1% |
| Financial fixed assets28 | €5,655 | €18,587 | €18,590 | €18,623 | €18,700 | ▲ 0.4% |
| Current assets29/58 | €2.3m | €2.3m | €2.3m | €2.0m | €2.3m | ▲ 17.4% |
| Stocks and contracts in progress3 | €122,131 | €121,099 | €110,882 | €0 | - | - |
| Contracts in progress37 | €122,131 | €121,099 | €110,882 | €0 | - | - |
| Amounts receivable within one year40/41 | €2.2m | €2.1m | €2.2m | €2.0m | €2.3m | ▲ 17.4% |
| Trade receivables40 | €835,952 | €639,758 | €364,893 | €361,942 | €163,652 | ▼ 54.8% |
| Other amounts receivable41 | €1.3m | €1.5m | €1.8m | €1.6m | €2.2m | ▲ 33.6% |
| Cash at bank and in hand54/58 | €54,269 | €33,211 | €16,139 | €15,567 | €16,225 | ▲ 4.2% |
| Deferred charges and accrued income490/1 | €3,701 | €9,381 | €3,609 | €9,597 | €11,641 | ▲ 21.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.3m | €2.3m | €2.0m | €2.4m | ▲ 17.1% |
| Equity10/15 | €231,484 | €317,040 | €431,973 | €353,016 | €134,804 | ▼ 61.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €217,224 | €302,780 | €417,713 | €338,756 | €120,544 | ▼ 64.4% |
| Amounts payable17/49 | €2.2m | €2.0m | €1.9m | €1.7m | €2.2m | ▲ 33.8% |
| Amounts payable within one year42/48 | €2.1m | €2.0m | €1.9m | €1.7m | €2.2m | ▲ 33.4% |
| Trade debts44 | €1.6m | €1.5m | €1.1m | €857,447 | €1.1m | ▲ 33.7% |
| Suppliers440/4 | €1.6m | €1.5m | €1.1m | €857,447 | €1.1m | ▲ 33.7% |
| Taxes, remuneration and social security45 | €533,251 | €475,873 | €772,275 | €818,814 | €1.1m | ▲ 32.1% |
| Taxes450/3 | €78,701 | €167,515 | €328,756 | €261,143 | €313,407 | ▲ 20.0% |
| Remuneration and social security454/9 | €454,550 | €308,358 | €443,519 | €557,671 | €767,925 | ▲ 37.7% |
| Other amounts payable47/48 | - | - | - | - | €7,825 | - |
| Accrued charges and deferred income492/3 | €2,730 | €2,912 | €2,857 | €505 | €7,365 | ▲ 1,359% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,221 | €85,556 | €114,932 | -€78,957 | -€218,212 | ▼ 176% |
| + Depreciation and write-downs630 | €10,978 | €9,425 | €9,390 | €7,685 | €4,694 | ▼ 38.9% |
| Operating cash flow (approximation) | €37,198 | €94,981 | €124,322 | -€71,272 | -€213,517 | ▼ 200% |
| Investment in fixed assets (approximation) | - | -€16,252 | -€1,850 | -€2,808 | -€5,312 | ▼ 89.2% |
| Change in cash | - | -€21,058 | -€17,073 | -€571 | €657 | ▲ 215% |
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
14-08
State Gazette act
Registered officeRegistered-office move · Director in office5 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office5 facts ▸
- General meeting, 29-05-2026
- Registered-office move, 1000 Bruxelles,Quai au foin 55
- Director in office, Bronckx Srl (director)
- Director in office, Jacques-Henri Bronckart (director)
- Other statement, publication identifier, 26104142
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€218,212
Net result drops to -€218,212, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
31-12
Financial
Highest result since 2018net €114,932 ▲34.3%
Net result €114,932, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
31-12
Financial
Back to profitnet €26,221
Net result €26,221 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 156 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2011
Ground area
1,568 m²
Building footprint
767 m²
Volume, LiDAR
13,251 m³
2 parcels, Brussels, Wallonia · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
2 establishment units
CERVIS
since 20112.201.463.401
CERVIS
since 20172.264.214.481
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1391/00E000 | Brussels | 994 m² | 1 · 620 m² | 23.7 m · 7 fl. |
| 62808A0003/00N000 | Wallonia | 574 m² | 1 · 147 m² | 20.8 m · 6 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
Owners and holdings
1 owner · 1 holdingChain of control
- BRONCKX
- CERVIS
Highest known parent: BRONCKX. The sources do not say who stands above it.
Owners 1
- BRONCKXparentSourceaccounts BRONCKX 202595.7%
Holdings 1
-
17%
According to the 2025 annual accounts of CERVIS 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 1,319 companies in sector 59111 we hold annual accounts for 687. 490 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
Founded04-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59120Post-production of films, video and television programmes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838331012
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.