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INTER-CERAM

Active
Public limited companyfounded 199630 yrs activeDrieslaan 35, 8560 Wevelgem, BelgiumKBO/BCE: BE 0457.897.705
Summary

The computed 12-month bankruptcy probability of INTER-CERAM is 1.6% (moderate). The annual accounts of INTER-CERAM for fiscal year 2024 show a net loss of 88% of the equity at the start of that year. The 2024 annual accounts show equity of €2.1m and a net result of -€1.1m. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 6131 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
INTER-CERAMActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46835NACE 46731NACE 46735
2 sites
Size
€8.8mturnover 2024
Equity
€2.1m
Loss
-€1.1m
Financial health
54 Fair Checked score 2024
Bankruptcy chance 12 m
1.6%
Structure
Parent
VANDU · 100%
Holdings
1
Accounts 66 d overdue0 of 32 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Figures for FY 2024 (filed 08-05-2025)- Liquidity: current ratio 1.27, cash €18,925+ Size: turnover €8.8m, total assets €6.1m+ Founded in 1996Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 27% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 60+18
equity 34.9% of total assets
Liquidity 16+10
short-term debt 65.1% · cash 0.3%
Profitability 0-10
return on assets -17.2%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,378 companies)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● 0.0% vs 11-2024 01-2025: 1.7%● 0.0% vs 12-2024 02-2025: 1.6%▼ -3.1% vs 01-2025 03-2025: 1.6%▲ +1.6% vs 02-2025 04-2025: 1.7%▲ +6.7% vs 03-2025 05-2025: 1.8%▲ +1.0% vs 04-2025highest value 06-2025: 0.4%▼ -74.7% vs 05-2025 07-2025: 0.4%● 0.0% vs 06-2025 08-2025: 0.4%● 0.0% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%▼ -1.6% vs 12-2025 02-2026: 0.4%▼ -3.7% vs 01-2026lowest value 03-2026: 0.4%▲ +1.9% vs 02-2026 04-2026: 0.5%▲ +6.1% vs 03-2026 05-2026: 0.5%▲ +2.9% vs 04-2026 06-2026: 0.5%▲ +0.6% vs 05-2026 07-2026: 0.5%▲ +3.6% vs 06-2026 08-2026: 0.9%▲ +85.2% vs 07-2026 09-2026: 1.0%▲ +9.3% vs 08-2026 10-2026: 1.6%▲ +61.0% vs 09-2026
  • Figures for FY 2024 (filed 08-05-2025) raises the probability
  • Liquidity: current ratio 1.27, cash €18,925 raises the probability
  • Size: turnover €8.8m, total assets €6.1m lowers the probability for this profile
  • Founded in 1996 lowers the probability for this profile
Credit up to €110,000 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 1.27 against 1.06 in 2023; short-term debt: 65.1% and cash: 0.3% of total assets), and 65.1% of the assets are financed with debt.
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, small). Better than this share of them on solvency 40%, liquidity 13%, profitability 1%, growth against the median 52%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 08-05-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.27, cash €18,925
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €8.8m, total assets €6.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1996
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-05-2025, 86 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
86 d early
2023
30 d late
2022
14 d early
2021
97 d early
2020
1 d early
2019
on the day
← 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 28 days before 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Weakest financial yearnet -€1.1m
  3. Equity above €2mEq €2.1m ▲79%

Key points

  • Caution: Result fell in 2024from -€580,681 to -€1.1m ▼ 81.9% View
  • Caution: Among the weakest 5% on net resultsector median €91,096 · 6,142 companies -€1.1m View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Controlled by VANDUultimately: GILVA 100% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€1.1m View

By topic

Financials

Fiscal year
2024
Turnover
€8.8m
Loss
-€1.1m
Solvency
34.9%
Turnover▼ 18.9%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 06-05-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 31-12-2024Equity above €2m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale tradeNACE 46835
Founded
26-04-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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