Summary
LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.19M and a net result of €174k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 48% of 33 sector peers (fiscal year 2025). The company has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
71 d early
2023
78 d early
2022
67 d early
2021
75 d early
2020
82 d early
2019
66 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€2.19M▼ 42.6%
2024 · €3.82M
2018: €6.54M
2019: €6.54M▲ +0.1% vs 2018
2020: €6.62M▲ +1.2% vs 2019highest in 8 years
2021: €6.53M▼ -1.4% vs 2020
2022: €6.44M▼ -1.4% vs 2021
2023: €6.58M▲ +2.2% vs 2022
2024: €3.82M▼ -41.9% vs 2023
2025: €2.19M▼ -42.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€174k▼ 28.5%
2024 · €243k
2018: €2.41Mhighest in 8 years
2019: €7k▼ -99.7% vs 2018
2020: €76k▲ +1000% vs 2019
2021: €-91k▼ -220% vs 2020
2022: €-92k▼ -0.4% vs 2021lowest in 8 years
2023: €139k▲ +251% vs 2022
2024: €243k▲ +75.3% vs 2023
2025: €174k▼ -28.5% vs 2024
2018 → 2025
Total assets
€4.34M▼ 51.1%
2024 · €8.89M
2018: €56.50Mhighest in 8 years
2019: €36.97M▼ -34.6% vs 2018
2020: €13.51M▼ -63.4% vs 2019
2021: €11.36M▼ -15.9% vs 2020
2022: €8.23M▼ -27.6% vs 2021
2023: €8.47M▲ +2.9% vs 2022
2024: €8.89M▲ +5.0% vs 2023
2025: €4.34M▼ -51.1% vs 2024lowest in 8 years
2018 → 2025
Solvency
50.5%▲ 7.5pp
2024 · 43.0%
2018: 11.6%lowest in 8 years
2019: 17.7%▲ +53.0% vs 2018
2020: 49.0%▲ +177% vs 2019
2021: 57.5%▲ +17.3% vs 2020
2022: 78.3%▲ +36.2% vs 2021highest in 8 years
2023: 77.7%▼ -0.8% vs 2022
2024: 43.0%▼ -44.7% vs 2023
2025: 50.5%▲ +17.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.53M-€6.44M▼ 1.4%€6.58M▲ 2.2%€3.82M▼ 41.9%€2.19M▼ 42.6%
2021: €6.53M
2022: €6.44M▼ -1.4% vs 2021
2023: €6.58M▲ +2.2% vs 2022highest in 5 years
2024: €3.82M▼ -41.9% vs 2023
2025: €2.19M▼ -42.6% vs 2024lowest in 5 years
Operating result€-102k-€-64k▲ 37.2%€-70k▼ 9.8%€-2k▲ 97.0%€137k
2021: €-102klowest in 5 years
2022: €-64k▲ +37.2% vs 2021
2023: €-70k▼ -9.8% vs 2022
2024: €-2k▲ +97.0% vs 2023
2025: €137k▲ +6702% vs 2024highest in 5 years
Net result€-91k-€-92k▼ 0.4%€139k€243k▲ 75.3%€174k▼ 28.5%
2021: €-91k
2022: €-92k▼ -0.4% vs 2021lowest in 5 years
2023: €139k▲ +251% vs 2022
2024: €243k▲ +75.3% vs 2023highest in 5 years
2025: €174k▼ -28.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €137k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.34M
Fixed assets
€1 =
Current assets
€4.34M ▼ 51.1%
Equity and liabilities €4.34M
Equity
€2.19M ▼ 42.6%
Debt
€2.15M ▼ 57.6%
Debt's share of the balance-sheet total falls from 57.0% to 49.5%. Equity and debt are lower.
Key figures and ratios
ROE
7.9%▲
2024 · 6.4%
ROA
4.0%▲
2024 · 2.7%
Debt ≤ 1 year
€2.15M▼
2024 · €5.07M
Income taxes
€62k▼
2024 · €69k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.89M€4.34M▼
Fixed assets21/28€1€1=
Financial fixed assets28€1€1=
Current assets29/58€8.89M€4.34M▼
Amounts receivable within one year40/41€8.78M€3.72M▼
Other amounts receivable41€8.78M€3.72M▼
Cash at bank and in hand54/58€111k€624k▲
Equity and liabilities
Total equity and liabilities10/49€8.89M€4.34M▼
Equity10/15€3.82M€2.19M▼
Contributions10/11€314k€314k=
Capital10€314k€314k=
Issued capital100€314k€314k=
Reserves13€181k€181k=
Non-distributable reserves130/1€181k€181k=
Legal reserve130€181k€181k=
Other1319€187€187=
Profit (loss) carried forward14€3.33M€1.70M▼
Amounts payable17/49€5.07M€2.15M▼
Amounts payable within one year42/48€5.07M€2.15M▼
Trade debts44€65k€983▼
Suppliers440/4€65k€983▼
Taxes, remuneration and social security45€23k€73k▲
Taxes450/3€23k€73k▲
Other amounts payable47/48€4.98M€2.08M▼
Income statement
Code20242025
Non-recurring operating income76A€36k-
Other operating charges640/8€904k€930k▲
Gross operating margin9900€902k€1.07M▲
Operating profit (loss)9901€-2k€137k▲
Financial income75/76B€266k€99k▼
Recurring financial income75€266k€99k▼
Financial charges65/66B€-48k€719▲
Recurring financial charges65€-48k€719▲
Profit (loss) for the period before taxes9903€313k€236k▼
Income taxes67/77€69k€62k▼
Profit (loss) for the period9904€243k€174k▼
Profit (loss) for the period to be appropriated9905€243k€174k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.33M€3.50M▲
Profit (loss) brought forward from the previous period14P€3.08M€3.33M▲
Profit to be distributed694/7-€1.80M
Return on contributions (dividend)694-€1.80M
The notes to these accounts (1 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 | - | - | - | €36k | - | - |
| Remuneration, social security and pensions62 | - | - | €-1k | - | - | - |
| Other operating charges640/8 | €912k | €811k | €851k | €904k | €930k | ▲ 2.8% |
| Gross operating margin9900 | €810k | €747k | €779k | €902k | €1.07M | ▲ 18.3% |
| Operating profit (loss)9901 | €-102k | €-64k | €-70k | €-2k | €137k | ▲ 6,702% |
| Financial income75/76B | €12k | €23k | €210k | €266k | €99k | ▼ 62.8% |
| Recurring financial income75 | €12k | €23k | €210k | €266k | €99k | ▼ 62.8% |
| Financial charges65/66B | €1k | €51k | €650 | €-48k | €719 | ▲ 101% |
| Recurring financial charges65 | €1k | €51k | €650 | €-48k | €719 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €-91k | €-92k | €139k | €313k | €236k | ▼ 24.6% |
| Income taxes67/77 | - | - | €0 | €69k | €62k | ▼ 10.8% |
| Profit (loss) for the period9904 | €-91k | €-92k | €139k | €243k | €174k | ▼ 28.5% |
| Profit (loss) for the period to be appropriated9905 | €-91k | €-92k | €139k | €243k | €174k | ▼ 28.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.36M | €8.23M | €8.47M | €8.89M | €4.34M | ▼ 51.1% |
| Fixed assets21/28 | €1 | €1 | €1 | €1 | €1 | = |
| Financial fixed assets28 | €1 | €1 | €1 | €1 | €1 | = |
| Current assets29/58 | €11.36M | €8.23M | €8.47M | €8.89M | €4.34M | ▼ 51.1% |
| Amounts receivable within one year40/41 | €11.05M | €8.14M | €8.35M | €8.78M | €3.72M | ▼ 57.6% |
| Trade receivables40 | - | €175 | €1k | - | - | - |
| Other amounts receivable41 | €11.05M | €8.14M | €8.35M | €8.78M | €3.72M | ▼ 57.6% |
| Cash at bank and in hand54/58 | €315k | €87k | €118k | €111k | €624k | ▲ 464% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.36M | €8.23M | €8.47M | €8.89M | €4.34M | ▼ 51.1% |
| Equity10/15 | €6.53M | €6.44M | €6.58M | €3.82M | €2.19M | ▼ 42.6% |
| Contributions10/11 | €3.31M | €3.31M | €3.31M | €314k | €314k | = |
| Capital10 | €1.81M | €1.81M | €1.81M | €314k | €314k | = |
| Issued capital100 | €1.81M | €1.81M | €1.81M | €314k | €314k | = |
| Outside capital11 | €1.51M | €1.51M | €1.51M | - | - | - |
| Share premium1100/10 | €1.51M | €1.51M | €1.51M | - | - | - |
| Reserves13 | €181k | €181k | €181k | €181k | €181k | = |
| Non-distributable reserves130/1 | €181k | €181k | €181k | €181k | €181k | = |
| Legal reserve130 | €181k | €181k | €181k | €181k | €181k | = |
| Other1319 | €187 | €187 | €187 | €187 | €187 | = |
| Profit (loss) carried forward14 | €3.04M | €2.94M | €3.08M | €3.33M | €1.70M | ▼ 48.9% |
| Amounts payable17/49 | €4.84M | €1.79M | €1.89M | €5.07M | €2.15M | ▼ 57.6% |
| Amounts payable within one year42/48 | €4.84M | €1.79M | €1.89M | €5.07M | €2.15M | ▼ 57.6% |
| Trade debts44 | €983 | €19k | €13k | €65k | €983 | ▼ 98.5% |
| Suppliers440/4 | €983 | €19k | €13k | €65k | €983 | ▼ 98.5% |
| Taxes, remuneration and social security45 | - | - | - | €23k | €73k | ▲ 223% |
| Taxes450/3 | - | - | - | €23k | €73k | ▲ 223% |
| Other amounts payable47/48 | €4.83M | €1.77M | €1.88M | €4.98M | €2.08M | ▼ 58.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-91k | €-92k | €139k | €243k | €174k | ▼ 28.5% |
| Operating cash flow (approximation) | €-91k | €-92k | €139k | €243k | €174k | ▼ 28.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-228k | €31k | €-7k | €514k | ▲ 7,090% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €139k
Net result €139k after 2 loss-making years.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
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 28 acts read
About the unread acts
We know of 28 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
28 acts for this company are 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, Brussel · 1 establishment unit since 1965
Ground area
3,149 m²
Building footprint
3,026 m²
Volume, LiDAR
70,303 m³
Parcel 21805E0482/00C000, Brussels · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
101
companies at this address
See who is registered here
1 establishment unit
Le Certificat Foncier
since 19652.000.530.176
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0482/00C000 | Brussels | 3,149 m² | 1 · 3,026 m² | 31.9 m · 9 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.
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Bruxelles
Saint-Josse-Ten-Noode · indirect
controls
LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAATBE 0403.207.224
Recognitions · licences · registrations
Legal Entity Identifier
549300Y31QJVJ5CTUQ07
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OMEGA FINANCIAL ADVICE
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Of 128 companies in sector 65122 we hold annual accounts for 59. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-07-1965
Fiscal year end31-12
Activities, NACEBEL 2025
65122Insurance, reinsurance and pension funding, except compulsory social security
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
suivant, quel que soit le nombre de certificats présents ou représentés : I. ORDRE DU JOUR L’ordre du jour de l’Assemblée Extraordinaire est le suivant : 1. Rapport par la Gérante de la Société Interne et par Le Certificat Foncier S.A. 2. Prorogation de la Société Interne jusqu’au 31 janvier 2019. Proposition de décision : « La Société Interne est prorogée jusqu’au 31 janvier 2019 ». 3. Prorogation de la Société Interne jusqu’au 31 janvier 2017 Au cas où la résolution précédente ne serait pas adoptée, proposition de décision subsidiaire : « La Société Interne est prorogée jusqu’au 31 janvier 2017. » Conformément au paragraphe 10 du Statut, les décisions sur les points à l’ordre du jour doive ...