Losses
-€9,737 in three years
Every financial year from 2022 to 2024 closed with a loss. 2022 was the heaviest.
CerWal
Part of the group
6 companies
Lifetime
4 annual accounts with figures on one time axispeak €6,724 (2021)
-€2,842▼ €751
lowest -€4,443 (2022)
-€3,022▼ €751
peak €24,854 (2021)
€15,117▼ 16.7%
€2,370▲ 3.7%
Board5 names since 2020
4 directors and 3 others
Owners4 names in the annual accounts
85% and 2 others
Documentsfilings and deeds
20-06-202541 days before the deadline
2024financial year
Gross margin from -€2,091 to -€2,842Loss of €3,022Equity from €18,139 to €15,117
Key points
from the 2024 annual accountsFilings
4 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
22 companies
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,592 companies had the same profile as CerWal has now. Each dot stands for 9 companies, two years later.
87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,592 companies, not a prediction for CerWal. 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 verdict
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Signals
Board and ownership
Director, , since 18-06-2020
Director, , since 18-06-2020
Director, since 18-06-2020
Director, , since 18-06-2020
- 85%equity €959.6m (2025) · 2025 annual accounts of
- score equity €219.5m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748779325
Incorporation
Founders: , and · 10,000 shares · Appointments: ; ; (managing director) and · published on 24-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CerWal Charleroi | €17,487 | -€2,842 | 86.4% | - |
| YY ELECTRO Antwerp | €17,344 | -€124 | 27.6% | - |
| Spoele's groenten en fruit Zele | €21,606 | -€882 | -227.8% | - |
| Storm 98 Antwerp | €19,407 | -€1,675 | -0.1% | 0 |
| Infra Active Mechelen | €15,765 | -€4,278 | 9.6% | - |
| Ismail Group Lokeren | €17,648 | -€4,746 | 54.5% | - |
| CanM Evergem | €15,826 | -€699 | 31.6% | - |
These companies have the same main activity as CerWal: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €15,800 and €21,600, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 22-06-2020Normal situation
- Registered office
- 23 active companies are registered at this addressSource: KBO register, as of 12 November 2026.
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Insights on CerWal
The 2024 annual accounts show equity of €15,117 and a net result of -€3,022. Equity has been shrinking by about 15% per year since 2021.
Its solvency ranks better than 95% of 329 sector peers (NACE 42, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
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 CerWal
- What is the company number of CerWal?
- The company number of CerWal is 0748.779.325. The VAT number is the same number with BE in front: BE 0748.779.325.
- Where is CerWal based?
- The registered office is at Boulevard Pierre Mayence 1, 6000 Charleroi.Company details
- What does CerWal do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of CerWal?
- CerWal is a private limited company (BV).
- When was CerWal founded?
- CerWal was founded on 22-06-2020.
- Is CerWal still active?
- Yes, CerWal is an active enterprise in the KBO register.
- What is the turnover of CerWal?
- The annual accounts for financial year 2024 state no turnover. In financial year 2021 turnover was €32,069.Financials
- Is CerWal profitable?
- In financial year 2024, CerWal made a loss of €3,022.
- Where can I find the annual accounts of CerWal?
- CerWal filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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