Financials
- Fiscal year
- 2024
- Total assets
- €5,728
- Loss
- -€10,226
- Solvency
- -2132.0%
CETISA
ActiveSummary
The computed 12-month bankruptcy probability of CETISA is 1.9% (moderate). The 2024 annual accounts show negative equity (-€122,122) and a net result of -€10,226. Equity is shrinking by ~18% per year across the filed fiscal years. Its solvency ranks better than 5% of 15862 sector peers (fiscal year 2024). The company has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Agents in non-specialised wholesale trade
NACE 46190NACE 51190
1 site
Size
€5,728total assets 2024
- Equity
- -€122,122
- Loss
- -€10,226
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 3 deeds read
Why 52- 1 financial year not filed after the legal deadline; latest accounts 68 days late; 2 of the last 3 late- Negative equity -€122,122+ Founded in 1977+ Size: total assets €5,728Show the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 14% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -2132.0% of total assets
Liquidity
16-18
short-term debt 2232.0% · cash 13.0%
Profitability
0=
return on assets -178.5%
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.3%highest value
12-2024: 1.8%▼ -46.8% vs 11-2024
01-2025: 1.7%▼ -1.0% vs 12-2024
02-2025: 1.7%● 0.0% vs 01-2025
03-2025: 1.7%▼ -1.7% vs 02-2025
04-2025: 1.7%● 0.0% vs 03-2025
05-2025: 1.7%● 0.0% vs 04-2025
06-2025: 1.7%● 0.0% vs 05-2025
07-2025: 1.9%▲ +9.6% vs 06-2025
08-2025: 2.1%▲ +11.8% vs 07-2025
09-2025: 2.1%▼ -1.3% vs 08-2025
10-2025: 2.2%▲ +6.4% vs 09-2025
11-2025: 1.6%▼ -29.5% vs 10-2025
12-2025: 1.6%● 0.0% vs 11-2025
01-2026: 1.5%▼ -1.0% vs 12-2025
02-2026: 1.5%● 0.0% vs 01-2026
03-2026: 1.5%▼ -1.8% vs 02-2026
04-2026: 1.5%● 0.0% vs 03-2026
05-2026: 1.5%▼ -2.4% vs 04-2026lowest value
06-2026: 1.5%● 0.0% vs 05-2026lowest value
07-2026: 1.7%▲ +14.5% vs 06-2026
08-2026: 1.9%▲ +15.2% vs 07-2026
09-2026: 1.8%▼ -8.3% vs 08-2026
10-2026: 1.9%▲ +6.2% vs 09-2026
- Founded in 1977 lowers the probability for this profile
- Size: total assets €5,728 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 68 days late; 2 of the last 3 late raises the probability
- Negative equity -€122,122 raises the probability
No credit on open account
Liquidity short (current ratio 0.04 against 0.07 in 2023; cash: 13% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 16%, profitability 6%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€122,122
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
99 d late
2022
29 d late
2021
61 d late
2020
120 d late
2019
122 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 83 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Weakest financial yearnet -€19,657
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€122,122 View
- Risk: 6 loss-making years in a rowloss fiscal year 2024 -€10,226 View
- Caution: Among the weakest 5% on solvencysector median 39.5% · 15,862 companies -2132.0% View
- Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
- Active since 1977founded 09-11-1977 48 years View
By topic
Timeline
- Events
- 11
- Since
- 2016
- 07-10-2025Annual accounts filed
- 07-11-2024Annual accounts filed
- 31-12-2023Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Founded
- 09-11-1977
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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