CERAMAT

Active

Public limited companyfounded 1980active for 46 yearsLeuvensesteenweg 320, 1932 Zaventem, BelgiumKBO/BCE: BE 0420.122.737

Summary

The computed 12-month bankruptcy probability of CERAMAT is 2.9% (moderate). The annual accounts of CERAMAT for financial year 2025 show a net loss of 54% of total assets and of 69% of the equity at the start of that year. The 2025 annual accounts show equity of €58,637 and a net result of -€128,386. Equity is shrinking by about 9.7% per year across the filed financial years. Its solvency ranks better than 36% of 12,678 sector peers (NACE 47, financial year 2025). The company has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

CERAMATActiveChecked score 49/100

Risk analysis Report Compare

Activity

Retail trade

NACE 47523Retail sale of hardware, building materials, paint and glass (general range) NACE 47521

1 site

Size

€238,002total assets 2025

Staff: 4.1 FTE
Equity: €58,637
Loss: -€128,386

Turnover not published (abbreviated format)

Financial health

49 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.9%

Structure

Parent: QUADRUS HOLDING · 100%

Karin CLAESDirector
QUADRUS HOLDINGDirector · permanent representative Karin CLAES
Robert SCHELFHOUTManaging director

2025 accounts 49 days early1 of 6 deeds summarised

Why 49raises riskLoss of €128,386, the second in a row (financial year 2025)Liquidity: current ratio 1.08, cash €2,570, halvedSector: Retail trade (NACE 47)1 of the last 3 lateShow the evidence

Checked score

Score 2025

49 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 17% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 50-4

equity 24.6% of total assets

Liquidity 12-3

short-term debt 72.2% · cash 1.1%

Profitability 0=

return on assets -53.9%

Bankruptcy probability, 12 months

2.9% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,242 companies, NACE 47, micro)

Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025lowest value 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.5%▲ +0.4 percentage points vs 07-2025 09-2025: 1.6%▲ +0.1 percentage points vs 08-2025 10-2025: 2.2%▲ +0.6 percentage points vs 09-2025 11-2025: 2.2%● unchanged vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.7%▲ +0.5 percentage points vs 12-2025 02-2026: 2.7%● unchanged vs 01-2026 03-2026: 2.7%● unchanged vs 02-2026 04-2026: 2.7%● unchanged vs 03-2026 05-2026: 2.7%● unchanged vs 04-2026 06-2026: 2.7%● unchanged vs 05-2026 07-2026: 2.9%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 2.9%● unchanged vs 07-2026highest value 09-2026: 2.9%● unchanged vs 08-2026highest value 10-2026: 2.9%● unchanged vs 09-2026highest value

Credit of up to €2,500 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity tight (current ratio 1.08, compared with 1.29 in 2024, below the usual 1.5; short-term debt: 72.2% and cash: 1.1% of total assets), and 75.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 40% on solvency, 12% on liquidity, 6% on profitability and 8% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises riskneutral

Loss of €128,386, the second in a row (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 1.08, cash €2,570, halved

NBB · annual accounts

Sector: Retail trade (NACE 47)

KBO

1 of the last 3 late

NBB · filings

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€128,386

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

49 days early

2024

54 days late

2023

22 days late

2022

11 days late

2021

24 days late

2020

22 days early

2019

69 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

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 23 August (4 of the last 5 filed years within 31 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

12-06-2026 Annual accounts filedfinancial year 2025 · abbreviated…
23-09-2025 Annual accounts filedfinancial year 2024 · abbreviated…
31-12-2024 Weakest financial yearnet -€207,345

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€128,386 View
Caution: Among the weakest 5% on net resultsector median €27,728 · 12,668 companies -€128,386 View
Caution: Equity fell in 2025from €187,023 to €58,637 ▼ 68.6% View
Controlled by QUADRUS HOLDING 100% View
Active since 1980founded 31-01-1980 46 years View

By topic

Financials

Financial year: 2025
Total assets: €238,002
Loss: -€128,386
Solvency: 24.6%

Total assets▼ 62.9%

Net result

20182025

Go to Financials

Board & ownership

Board: 3 members
Parent: QUADRUS HOLDING · 100%

Karin CLAESDirector
QUADRUS HOLDINGDirector
Robert SCHELFHOUTManaging director

Go to Board & ownership

Network & group

Connected companies: 2

Go to Network & group

Timeline

Events: 49
Since: 1982
Next accounts: by 31-07-2027

22-08-2024Annual accounts filed
14-02-2024Reappointments: Robert SCHELFHOUT (director) and QUADRUS HOLDING…
11-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Retail tradeNACE 47523
Founded: 31-01-1980
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 40

Annual meeting: Second Thursday of June at 14:00
Purpose: “De invoer, de uitvoer, de aankoop en verkoop, alle verhandelingen, omvorming, verwerking…” (deed in Dutch)

Go to Articles of association

Key facts about CERAMAT

What is the company number of CERAMAT?: 0420.122.737. In Belgium the VAT number is the company number with BE in front: BE 0420.122.737.
Where is CERAMAT based?: The registered office is at Leuvensesteenweg 320, 1932 Zaventem.Company details
What does CERAMAT do?: According to the KBO register, the main activity is retail trade (NACE 47523).
What is the legal form of CERAMAT?: Public limited company (NV).
When was CERAMAT founded?: On 31-01-1980.
Is CERAMAT still active?: Yes, CERAMAT is an active enterprise in the KBO register.
How many employees does CERAMAT have?: On average 4.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CERAMAT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is CERAMAT profitable?: In financial year 2025, CERAMAT made a loss of €128,386.
Where can I find the annual accounts of CERAMAT?: CERAMAT filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CERAMAT due?: By 31-07-2027, for financial year 2026.Timeline