DECERTO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-06-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €38,686, against €11,458 in 2023. Comparable figures for the intervening years are unavailable.
Investments
| Item | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Intangible fixed assets | €25,000 | - | - | - |
| Financial fixed assets | €4,200 | - | - | - |
| Depreciation and write-downs of the year | €404 | €2,500 | €2,500 | €2,500 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €48,337 | €20,148 | - |
| Non-recurring operating income76A | - | - | €40,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €64,129 | €34,990 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €404 | €2,500 | €2,500 | €2,500 | - |
| Other operating charges640/8 | €50 | €12,197 | €10,250 | €22,844 | - |
| Gross operating margin9900 | -€9,701 | €269 | €24,208 | -€13,342 | - |
| Operating profit (loss)9901 | -€10,155 | -€14,428 | €11,458 | -€38,686 | - |
| Financial income75/76B | €9 | - | - | - | - |
| Recurring financial income75 | €9 | - | - | - | - |
| Financial charges65/66B | €10 | €171 | €109 | €284 | - |
| Recurring financial charges65 | €10 | €171 | €109 | €284 | - |
| Profit (loss) for the period before taxes9903 | -€10,156 | -€14,599 | €11,348 | -€38,970 | - |
| Profit (loss) for the period9904 | -€10,156 | -€14,599 | €11,348 | -€38,970 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,156 | -€14,599 | €11,348 | -€38,970 | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €56,864 | €58,287 | €51,915 | €19,660 | - |
| Fixed assets21/28 | €28,796 | €26,296 | €23,796 | €18,796 | - |
| Intangible fixed assets21 | €24,596 | €22,096 | €19,596 | €14,596 | - |
| Financial fixed assets28 | €4,200 | €4,200 | €4,200 | €4,200 | - |
| Current assets29/58 | €28,068 | €31,991 | €28,119 | €865 | - |
| Stocks and contracts in progress3 | €24,206 | €31,084 | €26,670 | - | - |
| Stocks30/36 | €24,206 | €31,084 | €26,670 | - | - |
| Amounts receivable within one year40/41 | €3,394 | €416 | €1,243 | €865 | - |
| Trade receivables40 | €228 | €279 | - | - | - |
| Other amounts receivable41 | €3,166 | €138 | €1,243 | €865 | - |
| Cash at bank and in hand54/58 | €468 | €362 | €206 | - | - |
| Deferred charges and accrued income490/1 | - | €129 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €56,864 | €58,287 | €51,915 | €19,660 | - |
| Equity10/15 | -€5,156 | -€19,755 | -€8,407 | -€66,274 | - |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | - |
| Profit (loss) carried forward14 | -€10,156 | -€24,755 | -€13,407 | -€71,274 | - |
| Amounts payable17/49 | €62,020 | €78,042 | €60,321 | €85,935 | - |
| Amounts payable within one year42/48 | €62,020 | €78,042 | €60,321 | €85,935 | - |
| Trade debts44 | - | €2,511 | €2,913 | €1,832 | - |
| Suppliers440/4 | - | €2,511 | €2,913 | €1,832 | - |
| Taxes, remuneration and social security45 | - | €14 | - | €5,101 | - |
| Taxes450/3 | - | €14 | - | €1,671 | - |
| Remuneration and social security454/9 | - | - | - | €3,430 | - |
| Other amounts payable47/48 | €62,020 | €75,517 | €57,409 | €79,002 | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,156 | -€14,599 | €11,348 | -€38,970 | - |
| + Depreciation and write-downs630 | €404 | €2,500 | €2,500 | €2,500 | - |
| Operating cash flow (approximation) | -€9,752 | -€12,099 | €13,848 | -€36,470 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€107 | -€156 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as DECERTO has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DECERTO itself: 9.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,008 companies, not a prediction for DECERTO. 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.