CETRACO
ActiveSummary
CETRACO has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.3m and a net result of -€136,044. Equity has been shrinking by about 11% per year since 2018. Its solvency ranks better than 80% of 1,165 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
Source: KBO- Status
- Active since 24-06-1976 Normal situation
- Registered office
- 14 active companies are registered at this address Source: KBO register, as of 5 November 2026.
- Activity
- Office administrative and support services NACE 82100and 1 other
- Joint committee
- 226 White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment unit
- 2.012.429.108 2020 Antwerp, since 24-06-1976
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Herfurth Shipbrokers BVManaging director · permanent representative V. Maldague
- NJ CompanyManaging director · permanent representative O. d'Hoop
- LAB UNITEDManaging director · permanent representative MALDAGUE Vincent
- Auditor
- HLB Dodémont-Van Impe & C°
Shareholders
- HERFURTH & CO99.99%· score 682025 annual accounts of HERFURTH & CO
- Scandinavian Stevedoring Company· score 862025 annual accounts of Scandinavian Stevedoring Company
- Holdings
- Shares in 10 companies including HERFURTH BV and JOHN P. BEST & Co
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts 2025
- Turnover
- €8.2m
- ▲ 6.1%
- Loss
- €136,044
- Equity
- €10.3m
- ▼ 1.3%
- Total assets
- €12.8m
- ▲ 8.1%
- Employees on 31-12-2025
- 45
- ▼ 10.0%
- 2025 accounts filed 3 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 2.99, cash €6,345Last filed accounts filed 3 days late; 1 of the last 3 accounts latelowers riskSize: turnover €8.2m, 44.9 FTE, total assets €12.8mShow the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 45% of small companies in office administrative support (NACE 82)
Financial strength · tick: 2024
Average
Solvency
100=
equity 81.1% of total assets
Liquidity
45-5
short-term debt 18.3% · cash 0.0%
Profitability
18-4
return on assets -1.1%
Bankruptcy probability within 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.3 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.5%▼ -0.1 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -0.1 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.99 (4.21 in 2024), above the usual 1.5. Short-term debt is 18.3% and cash 0% of total assets. 18.9% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small). It does better than 89% of them on solvency, 35% on liquidity, 9% on profitability and 45% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
3 days late
2024
15 days early
2023
61 days late
2022
8 days late
2021
31 days early
2020
33 days early
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Reappointments: Herfurth Shipbrokers BV (director) and NJ Company BV (director)
- · Gazette deed Resignation: HLB Dodémont-Van Impe & C° (statutory auditor)Reappointment: HLB Dodémont-Van Impe & C° (statutory auditor)
- · Gazette deed Registered office moved within AntwerpNew registered office: D'Herbouvillekaai 42 2020 Antwerpen · Previous registered office: Cassiersstraat 19, 2060 Antwerpen
Companies linked to CETRACO
Comparable companies
These companies have the same main activity as CETRACO: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €6m and €39m, founded between 1948 and 1978.
| Company | Total assets | Turnover |
|---|---|---|
| CETRACO Antwerp | €12.8m | €8.2m |
| SODALIS Halle | €21.0m | €7.2m |
| CIBLEX BELGIUM Zaventem | €6.7m | €17.2m |
| PKF Bofidi Services Ghent | €6.0m | €12.5m |
| Huis van de Arbeid - Maison du Travail Schaerbeek | €15.1m | €2.2m |
| Sodiwe Mechelen | €38.9m | €9.5m |
| Sociale Dienst voor het Bedrijfsleven - Service social des Entreprises Antwerp | €18.3m | €4.1m |
Key facts about CETRACO
- What is the company number of CETRACO?
- The company number of CETRACO is 0416.594.016. The VAT number is the same number with BE in front: BE 0416.594.016.
- Where is CETRACO based?
- The registered office is at D'Herbouvillekaai 42, 2020 Antwerp.Company details
- What does CETRACO do?
- According to the KBO register, the main activity is office administrative and support services (NACE 82100).
- What is the legal form of CETRACO?
- CETRACO is a public limited company (NV).
- When was CETRACO founded?
- CETRACO was founded on 24-06-1976.
- Is CETRACO still active?
- Yes, CETRACO is an active enterprise in the KBO register.
- How many employees does CETRACO have?
- CETRACO had an average of 44.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CETRACO fall under?
- In its 2025 annual accounts, CETRACO states joint committee 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of CETRACO?
- The turnover of CETRACO was €8.2m in financial year 2025, according to the filed annual accounts.
- Is CETRACO profitable?
- In financial year 2025, CETRACO made a loss of €136,044.
- Where can I find the annual accounts of CETRACO?
- CETRACO filed 51 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CETRACO due?
- CETRACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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