NEOCERAM
ActiveSummary
NEOCERAM has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.90M and a net result of €53k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-4
Solvency66▼-11
Growth50▼-2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 2.89 against 2.36 in 2024; short-term debt: 15.9% and cash: 1.4% of total assets), but 59% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41%
Return on assets
0.2%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
22 d early
2023
15 d early
2022
32 d early
2021
31 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.96M▼ 4.0%
2024 · €13.49M
2018: €9.97M
2019: €13.05M
2020: €16.19M
2021: €16.76M
2022: €14.43M
2023: €11.79M
2024: €13.49M
2018 → 2025
EBIT margin
3.1%▲ 0.8pp
2024 · 2.3%
2018: 3.7%
2019: 10.7%
2020: 18.8%
2021: 16.6%
2022: 7.8%
2023: -0.8%
2024: 2.3%
2018 → 2025
Net result
€53k▼ 73.0%
2024 · €196k
2018: €408k
2019: €1.37M
2020: €2.87M
2021: €2.74M
2022: €951k
2023: €-223k
2024: €196k
2018 → 2025
Working capital
€9.50M▲ 64.3%
2024 · €5.78M
2018: €2.07M
2019: €3.06M
2020: €4.55M
2021: €5.83M
2022: €4.82M
2023: €5.27M
2024: €5.78M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.76M-€14.43M▼ 13.9%€11.79M▼ 18.3%€13.49M▲ 14.5%€12.96M▼ 4.0%
Equity€11.69M-€12.52M▲ 7.0%€12.71M▲ 1.5%€12.88M▲ 1.3%€12.90M▲ 0.2%
Operating result€2.78M-€1.13M▼ 59.3%€-97k€306k€396k▲ 29.4%
Net result€2.74M-€951k▼ 65.2%€-223k€196k€53k▼ 73.0%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.19M
Fixed assets
€16.68M ▲ 12.2%
Current assets
€14.51M ▲ 44.9%
Equity and liabilities €31.47M
Equity
€12.90M ▲ 0.2%
Debt
€18.57M ▲ 54.7%
Debt's share of the balance-sheet total rises from 48.2% to 59.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€908k▲
2024 · €778k
Cash flow
€565k▼
2024 · €668k
Current ratio
2.89▲
2024 · 2.36
Quick ratio
2.04▲
2024 · 1.33
Debt to equity
1.44▲
2024 · 0.93
ROE
0.4%▼
2024 · 1.5%
ROA
0.2%▼
2024 · 0.8%
Interest coverage
1.26▼
2024 · 2.30
Debt ≤ 1 year
€5.01M▲
2024 · €4.23M
Debt > 1 year
€13.07M▲
2024 · €7.70M
Income taxes
€4k▼
2024 · €4k
Staff costs
€3.98M▼
2024 · €4.10M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 92 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24.88M€31.47M▲
Formation expenses20-€281k
Fixed assets21/28€14.86M€16.68M▲
Intangible fixed assets21€206k€314k▲
Tangible fixed assets22/27€2.57M€2.36M▼
Land and buildings22€1.19M€1.10M▼
Plant, machinery and equipment23€1.33M€1.20M▼
Furniture and vehicles24€55k€34k▼
Assets under construction and advance payments27-€24k
Financial fixed assets28€12.09M€14.01M▲
Affiliated companies280/1€11.95M€13.86M▲
Participating interests280€6.22M€6.62M▲
Amounts receivable281€5.73M€7.25M▲
Other financial fixed assets284/8€136k€147k▲
Amounts receivable and cash guarantees285/8€136k€147k▲
Current assets29/58€10.01M€14.51M▲
Amounts receivable after more than one year29€217k€84k▼
Other amounts receivable291€217k€84k▼
Stocks and contracts in progress3€4.40M€4.26M▼
Stocks30/36€4.40M€4.26M▼
Raw materials and consumables30/31€37k€23k▼
Work in progress32€2.00M€1.80M▼
Finished goods33€2.37M€2.43M▲
Amounts receivable within one year40/41€5.20M€9.23M▲
Trade receivables40€4.10M€7.73M▲
Other amounts receivable41€1.11M€1.51M▲
Cash at bank and in hand54/58€11k€454k▲
Deferred charges and accrued income490/1€184k€479k▲
Equity and liabilities
Total equity and liabilities10/49€24.88M€31.47M▲
Equity10/15€12.88M€12.90M▲
Contributions10/11€3.93M€3.93M=
Capital10€3.93M€3.93M=
Issued capital100€3.93M€3.93M=
Revaluation surpluses12€500k€500k=
Reserves13€8.36M€8.41M▲
Non-distributable reserves130/1€349k€349k=
Legal reserve130€349k€349k=
Distributable reserves133€8.01M€8.06M▲
Investment grants15€91k€67k▼
Amounts payable17/49€12.00M€18.57M▲
Amounts payable after more than one year17€7.70M€13.07M▲
Financial debts170/4€7.70M€13.07M▲
Subordinated loans170€422k€307k▼
Credit institutions173€406k€138k▼
Other loans174€6.87M€12.63M▲
Amounts payable within one year42/48€4.23M€5.01M▲
Current portion of amounts payable after more than one year42€1.24M€900k▼
Financial debts43€572k€1.25M▲
Credit institutions430/8€572k€1.25M▲
Trade debts44€1.64M€2.05M▲
Suppliers440/4€1.64M€2.05M▲
Advances received on contracts in progress46€145k€145k=
Taxes, remuneration and social security45€518k€541k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€514k€534k▲
Other amounts payable47/48€123k€123k=
Accrued charges and deferred income492/3€68k€482k▲
Income statement
Code20242025
Operating income70/76A€14.36M€13.59M▼
Turnover70€13.49M€12.96M▼
Change in stocks of work in progress, finished goods and contracts in progress71€84k€-106k▼
Own construction capitalised72€96k€131k▲
Other operating income74€680k€601k▼
Non-recurring operating income76A€1k€5k▲
Operating charges60/66A€14.05M€13.19M▼
Goods for resale, raw materials and consumables60€5.65M€5.53M▼
Purchases600/8€5.63M€5.51M▼
Change in stocks: decrease (increase)609€16k€13k▼
Services and other goods61€3.16M€3.03M▼
Remuneration, social security and pensions62€4.10M€3.98M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€471k€512k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€42k€19k▼
Other operating charges640/8€624k€251k▼
Operating charges capitalised as restructuring costs649-€-133k
Non-recurring operating charges66A-€4k
Operating profit (loss)9901€306k€396k▲
Financial income75/76B€270k€394k▲
Recurring financial income75€270k€394k▲
Income from current assets751€242k€357k▲
Other financial income752/9€28k€37k▲
Financial charges65/66B€376k€734k▲
Recurring financial charges65€376k€734k▲
Debt charges650€338k€720k▲
Other financial charges652/9€38k€14k▼
Profit (loss) for the period before taxes9903€201k€57k▼
Income taxes67/77€4k€4k▼
Taxes670/3€4k€4k▼
Profit (loss) for the period9904€196k€53k▼
Profit (loss) for the period to be appropriated9905€196k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€196k€53k▼
Transfer to equity691/2€196k€53k▼
To other reserves6921€196k€53k▼
Social balance
Average headcount (FTE)908771.765.1▼
The notes to these accounts (94 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
State Gazette act
Resignations: Olivia Grosso, Michel Lemaire and 2 othersAppointments: Biswadip GUPTA, Stefano GROSSO and 4 others · Reappointments: Letizia Grosso (director) and Leopoldo Dapra (director) · Permanent representatives: Jaïmé Cubo Soto and Jean-Luc NONDONFAZ20 facts ▸
State Gazette act
Resignations: Olivia Grosso, Michel Lemaire and 2 others
Appointments: Biswadip GUPTA, Stefano GROSSO and 4 others · Reappointments: Letizia Grosso (director) and Leopoldo Dapra (director) · Permanent representatives: Jaïmé Cubo Soto and Jean-Luc NONDONFAZ20 facts ▸
- General meeting, 17-06-2026
- Director resignation, Olivia Grosso (director)
- Director resignation, Michel Lemaire (director)
- Director resignation, Jaïmé Cubo Soto (day-to-day manager)
- Director resignation, Roberto Grosso (managing director)
- Director appointment, Biswadip GUPTA (director)
- Director appointment, Stefano GROSSO (director)
- Director appointment, Stéphane SIMON (director)
- Director appointment, CZ CONSULT (managing director)
- Director appointment, SPARAXIS (director)
- Director reappointment, Letizia Grosso (director)
- Director reappointment, Leopoldo Dapra (director)
- +8 further facts in this act
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €196k
Net result €196k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-223k ▼123%
Net result drops to €-223k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €11.69M ▲34.6%
4 profitable years in a row build equity to €11.69M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €2.87M ▲109%
Operating result €3.04M, net result €2.87M, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
Show earlier events
2019
31-12
Financial
Equity above €5MEq €5.92M ▲27.1%
2 profitable years in a row build equity to €5.92M.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26359032). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Biswadip GUPTA
CurrentDirector · since 17-06-2026
CZ CONSULT
CurrentManaging director · since 17-06-2026 · Private limited company · perm. rep.: Jaïmé Cubo Soto
Ludovic DELIEGE
CurrentDaily management delegate · since 17-06-2026
SPARAXIS
CurrentDirector · since 17-06-2026 · Public limited company · perm. rep.: Jean-Luc NONDONFAZ
Stefano GROSSO
CurrentDirector · since 17-06-2026
Stéphane SIMON
CurrentDirector · since 17-06-2026
17-06-2026
Biswadip GUPTA: Appointed as Director
17-06-2026
Biswadip GUPTA: Appointed as Président du conseil d’administration
17-06-2026
CZ CONSULT: Appointed as Managing director
17-06-2026
Ludovic DELIEGE: Appointed as Daily management delegate
17-06-2026
SPARAXIS: Appointed as Director
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route du Grand Peuplier(S-B) 17110 La LouvièreGround area
956 m²
Parcel 55042A0023/00A002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Route du Grand Peuplier(S-B) 1, 7110 La Louvière
since 19852.027.968.013
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55042A0023/00A002 | Wallonia | 956 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Recognitions · licences · registrations
Food safety, FASFC
1 siteLa Louvière2.027.968.013
Similar companies · same sector, comparable size
Of 44 companies in sector 23310 we hold annual accounts for 15. 1 is within a factor 10 of this equity. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-05-1985
Fiscal year end31-12
Activities, NACEBEL 2025
23310Manufacture of other non-metallic mineral products
23440Manufacture of other non-metallic mineral products
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:neoceram.com
E-mail:neoceram@neoceram.com