CERTITANK
ActiveSummary
CERTITANK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €261k and a net result of €96k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+16
Solvency72▼-16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 2.05 in 2024; short-term debt: 49.4% and cash: 32.5% of total assets), but 53.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
46.9%
Return on assets
17.2%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
13 d late
2023
1 d early
2022
on the day
2021
on the day
2020
46 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€96k▲ 363%
2024 · €21k
2019: €40k
2020: €42k▲ +5.6% vs 2019
2021: €25k▼ -41.7% vs 2020
2022: €13k▼ -45.9% vs 2021
2023: €-7k▼ -150% vs 2022lowest in 7 years
2024: €21k▲ +409% vs 2023
2025: €96k▲ +363% vs 2024highest in 7 years
2019 → 2025
Working capital
€210k▲ 14.0%
2024 · €184k
2019: €158klowest in 7 years
2020: €168k▲ +6.5% vs 2019
2021: €171k▲ +2.2% vs 2020
2022: €166k▼ -3.3% vs 2021
2023: €187k▲ +12.7% vs 2022
2024: €184k▼ -1.6% vs 2023
2025: €210k▲ +14.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€257k-€292k▲ 13.7%€280k▼ 4.1%€296k▲ 5.5%€261k▼ 11.7%
2021: €257klowest in 5 years
2022: €292k▲ +13.7% vs 2021
2023: €280k▼ -4.1% vs 2022
2024: €296k▲ +5.5% vs 2023highest in 5 years
2025: €261k▼ -11.7% vs 2024
Operating result€36k-€13k▼ 64.2%€-8k€30k€147k▲ 395%
2021: €36k
2022: €13k▼ -64.2% vs 2021
2023: €-8k▼ -161% vs 2022lowest in 5 years
2024: €30k▲ +482% vs 2023
2025: €147k▲ +395% vs 2024highest in 5 years
Net result€25k-€13k▼ 45.9%€-7k€21k€96k▲ 363%
2021: €25k
2022: €13k▼ -45.9% vs 2021
2023: €-7k▼ -150% vs 2022lowest in 5 years
2024: €21k▲ +409% vs 2023
2025: €96k▲ +363% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 395% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €557k
Fixed assets
€72k ▼ 35.7%
Current assets
€485k ▲ 34.8%
Equity and liabilities €557k
Equity
€261k ▼ 11.7%
Debt
€295k ▲ 68.0%
Debt's share of the balance-sheet total rises from 37.3% to 53.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€191k▲
2024 · €72k
Cash flow
€140k▲
2024 · €63k
Current ratio
1.76▼
2024 · 2.05
Quick ratio
1.76▼
2024 · 2.04
Debt to equity
1.13▲
2024 · 0.59
ROE
36.7%▲
2024 · 7.0%
ROA
17.2%▲
2024 · 4.4%
Interest coverage
14.61▼
2024 · 23.34
Debt ≤ 1 year
€275k▲
2024 · €176k
Debt > 1 year
€20k▲
2024 · €0
Income taxes
€49k▲
2024 · €14k
Staff costs
€273k▲
2024 · €205k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€472k€557k▲
Fixed assets21/28€112k€72k▼
Intangible fixed assets21€30k€16k▼
Tangible fixed assets22/27€81k€55k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€77k€52k▼
Financial fixed assets28€1k€1k=
Current assets29/58€360k€485k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€149k€276k▲
Trade receivables40€144k€241k▲
Other amounts receivable41€5k€35k▲
Cash at bank and in hand54/58€185k€181k▼
Deferred charges and accrued income490/1€23k€26k▲
Equity and liabilities
Total equity and liabilities10/49€472k€557k▲
Equity10/15€296k€261k▼
Contributions10/11€20k€20k=
Reserves13€264k€235k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€35k€35k=
Distributable reserves133€229k€200k▼
Profit (loss) carried forward14-€0
Investment grants15€11k€6k▼
Amounts payable17/49€176k€295k▲
Amounts payable after more than one year17€0€20k▲
Financial debts170/4€0€20k▲
Amounts payable within one year42/48€176k€275k▲
Current portion of amounts payable after more than one year42€14k€9k▼
Trade debts44€113k€126k▲
Suppliers440/4€113k€126k▲
Advances received on contracts in progress46€690€0▼
Taxes, remuneration and social security45€37k€79k▲
Taxes450/3€15k€52k▲
Remuneration and social security454/9€22k€27k▲
Other amounts payable47/48€11k€61k▲
Accrued charges and deferred income492/3€183€789▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€205k€273k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€44k▲
Other operating charges640/8€5k€48k▲
Gross operating margin9900€282k€512k▲
Operating profit (loss)9901€30k€147k▲
Financial income75/76B€8k€11k▲
Recurring financial income75€8k€11k▲
Financial charges65/66B€3k€13k▲
Recurring financial charges65€3k€13k▲
Non-recurring financial charges66B€-210€0▲
Profit (loss) for the period before taxes9903€34k€145k▲
Income taxes67/77€14k€49k▲
Profit (loss) for the period9904€21k€96k▲
Profit (loss) for the period to be appropriated9905€21k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€96k▲
Transfer from equity791/2€0€125k▲
Transfer to equity691/2€21k€96k▲
To other reserves6921€21k€96k▲
Profit to be distributed694/7-€125k
Return on contributions (dividend)694-€125k
Social balance
Average headcount (FTE)90874.65.5▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €281k | €227k | €205k | €273k | ▲ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €63k | €55k | €43k | €44k | ▲ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-360 | €0 | - | - | - |
| Other operating charges640/8 | - | €4k | €5k | €5k | €48k | ▲ 862% |
| Gross operating margin9900 | €340k | €361k | €279k | €282k | €512k | ▲ 81.6% |
| Operating profit (loss)9901 | €36k | €13k | €-8k | €30k | €147k | ▲ 395% |
| Financial income75/76B | - | €7k | €6k | €8k | €11k | ▲ 40.4% |
| Recurring financial income75 | €811 | €7k | €6k | €8k | €11k | ▲ 40.4% |
| Financial charges65/66B | - | €690 | €852 | €3k | €13k | ▲ 353% |
| Recurring financial charges65 | €1k | €690 | €852 | €3k | €13k | ▲ 322% |
| Non-recurring financial charges66B | - | - | - | €-210 | €0 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €35k | €19k | €-2k | €34k | €145k | ▲ 320% |
| Income taxes67/77 | €11k | €6k | €5k | €14k | €49k | ▲ 256% |
| Profit (loss) for the period9904 | €25k | €13k | €-7k | €21k | €96k | ▲ 363% |
| Profit (loss) for the period to be appropriated9905 | €25k | €13k | €-7k | €21k | €96k | ▲ 363% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €517k | €460k | €430k | €472k | €557k | ▲ 18.0% |
| Fixed assets21/28 | €145k | €157k | €106k | €112k | €72k | ▼ 35.7% |
| Intangible fixed assets21 | €5k | €62k | €46k | €30k | €16k | ▼ 47.3% |
| Tangible fixed assets22/27 | €138k | €94k | €59k | €81k | €55k | ▼ 32.0% |
| Plant, machinery and equipment23 | - | €2k | €913 | €4k | €3k | ▼ 21.5% |
| Furniture and vehicles24 | - | €92k | €58k | €77k | €52k | ▼ 32.5% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €372k | €303k | €324k | €360k | €485k | ▲ 34.8% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €2k | €2k | = |
| Stocks30/36 | - | €2k | €2k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €137k | €155k | €166k | €149k | €276k | ▲ 85.3% |
| Trade receivables40 | - | €153k | €166k | €144k | €241k | ▲ 66.9% |
| Other amounts receivable41 | - | €2k | €0 | €5k | €35k | ▲ 660% |
| Cash at bank and in hand54/58 | €220k | €112k | €131k | €185k | €181k | ▼ 2.6% |
| Deferred charges and accrued income490/1 | - | €34k | €25k | €23k | €26k | ▲ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €517k | €460k | €430k | €472k | €557k | ▲ 18.0% |
| Equity10/15 | €257k | €292k | €280k | €296k | €261k | ▼ 11.7% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €237k | €251k | €244k | €264k | €235k | ▼ 11.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €35k | €35k | €35k | €35k | = |
| Distributable reserves133 | - | €213k | €207k | €229k | €200k | ▼ 12.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Investment grants15 | - | €22k | €17k | €11k | €6k | ▼ 46.1% |
| Amounts payable17/49 | €260k | €168k | €149k | €176k | €295k | ▲ 68.0% |
| Amounts payable after more than one year17 | €58k | €31k | €12k | €0 | €20k | - |
| Financial debts170/4 | - | €31k | €12k | €0 | €20k | - |
| Amounts payable within one year42/48 | €200k | €137k | €137k | €176k | €275k | ▲ 56.5% |
| Current portion of amounts payable after more than one year42 | - | €28k | €19k | €14k | €9k | ▼ 34.1% |
| Trade debts44 | €82k | €48k | €59k | €113k | €126k | ▲ 11.5% |
| Suppliers440/4 | - | €48k | €59k | €113k | €126k | ▲ 11.5% |
| Advances received on contracts in progress46 | - | €21k | €12k | €690 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €33k | €39k | €37k | €79k | ▲ 112% |
| Taxes450/3 | - | €7k | €13k | €15k | €52k | ▲ 247% |
| Remuneration and social security454/9 | - | €26k | €26k | €22k | €27k | ▲ 22.5% |
| Other amounts payable47/48 | - | €8k | €9k | €11k | €61k | ▲ 445% |
| Accrued charges and deferred income492/3 | - | €0 | - | €183 | €789 | ▲ 331% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €13k | €-7k | €21k | €96k | ▲ 363% |
| + Depreciation and write-downs630 | €42k | €63k | €55k | €43k | €44k | ▲ 3.1% |
| Operating cash flow (approximation) | €67k | €77k | €48k | €63k | €140k | ▲ 121% |
| Investment in fixed assets (approximation) | - | €-76k | €-3k | €-49k | €-4k | ▲ 92.0% |
| Change in cash | - | €-109k | €19k | €54k | €-5k | ▼ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
30-06
Financial
Highest result since 2019net €96k ▲363%
Operating result €147k, net result €96k, both a record.
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
30-06
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Equity above €200kEq €232k ▲22.3%
2 profitable years in a row build equity to €232k.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2000
Ground area
167 m²
Building footprint
126 m²
Volume, LiDAR
1,596 m³
Parcel 57462D0118/00L009, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Beyaert(TOU) 75, 7500 Tournai
since 20002.096.429.821
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462D0118/00L009 | Wallonia | 167 m² | 1 · 126 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,640 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-2000
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
71209Other technical testing and analysis
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.