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Cooperative companyfounded 193591 yrs activeMuntstraat 1, 3000 Leuven, BelgiumKBO/BCE: BE 0403.581.960

Cera 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 €3.25B and a net result of €185.43M. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 2381 sector peers (fiscal year 2025). The company has been active since 1935 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 advice for your own amount and term

Signals

Three signals. 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 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
53 d early
2024
43 d early
2023
30 d early
2022
53 d early
2021
47 d early
← before the deadline after the deadline →
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 months
Position in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
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

Financials · fiscal year 2025, consolidated, statutory

Equity
€3.25B▲ 4.0%
2024 · €3.13B
2018: €1.96B 2019: €2.08B 2020: €2.03B 2021: €2.57B 2022: €2.84B 2023: €2.97B 2024: €3.13B
2018 → 2025
Net result
€185.43M▼ 16.9%
2024 · €223.04M
2018: €121.33M 2019: €142.78M 2020: €-20.18M 2021: €568.57M 2022: €340.22M 2023: €172.23M 2024: €223.04M
2018 → 2025
Total assets
€3.29B▲ 4.0%
2024 · €3.16B
2018: €1.99B 2019: €2.11B 2020: €2.06B 2021: €2.60B 2022: €2.88B 2023: €3.01B 2024: €3.16B
2018 → 2025
Solvency
98.8%▲ 0.1pp
2024 · 98.7%
2018: 98.6% 2019: 98.6% 2020: 98.6% 2021: 98.8% 2022: 98.7% 2023: 98.7% 2024: 98.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€10.48M-€13.01M▲ 24.1%€14.58M▲ 12.1%€16.80M▲ 15.2%€19.71M▲ 17.3%
Equity€2.57B-€2.84B▲ 10.5%€2.97B▲ 4.5%€3.13B▲ 5.3%€3.25B▲ 4.0%
Operating result€-23.14M-€-27.37M▼ 18.3%€-31.47M▼ 15.0%€-34.81M▼ 10.6%€-36.62M▼ 5.2%
Net result€568.57M-€340.22M▼ 40.2%€172.23M▼ 49.4%€223.04M▲ 29.5%€185.43M▼ 16.9%
Result per fiscal year
Operating resultNet result
€-200.00M€0€200.00M€400.00M€600.00MOperating result 2021: €-23.14M€-23.14MNet result 2021: €568.57M€568.57MOperating result 2022: €-27.37M€-27.37MNet result 2022: €340.22M€340.22MOperating result 2023: €-31.47M€-31.47MNet result 2023: €172.23M€172.23MOperating result 2024: €-34.81M€-34.81MNet result 2024: €223.04M€223.04MOperating result 2025: €-36.62M€-36.62MNet result 2025: €185.43M€185.43M20212022202320242025
The operating result stays negative: a loss of €36.62M in 2025 against €34.81M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.29B
Fixed assets €2.56B▲ 2.3%
Current assets €728.26M▲ 10.4%
Equity and liabilities €3.29B
Equity €3.25B▲ 4.0%
Debt €39.23M▼ 0.9%
The debt ratio falls from 1.3% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Solvency
98.8%
2024 · 98.7%
ROE
5.7%
2024 · 7.1%
ROA
5.6%
2024 · 7.0%
Debt
€39.23M
2024 · €39.58M
Debt ≤ 1 year
€38.94M
2024 · €39.20M
Income taxes
€5k
2024 · €5k
Staff costs
€9.52M
2024 · €9.28M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€3.16B€3.29B
Fixed assets21/28€2.51B€2.56B
Tangible fixed assets22/27€23.01M€22.13M
Land and buildings22€20.68M€19.85M
Plant, machinery and equipment23€42k€40k
Furniture and vehicles24€315k€238k
Other tangible fixed assets26€1.97M€2.00M
Financial fixed assets28€2.48B€2.54B
Affiliated companies280/1€1.78B€1.84B
Participating interests280€1.78B€1.84B
Companies linked by participating interests282/3€703.74M€703.74M=
Participating interests282€703.74M€703.74M=
Other financial fixed assets284/8€606k€781k
Shares284€563k€738k
Amounts receivable and cash guarantees285/8€43k€44k
Current assets29/58€659.75M€728.26M
Amounts receivable within one year40/41€29.19M€25.27M
Trade receivables40€37k€184k
Other amounts receivable41€29.16M€25.09M
Current investments50/53€621.00M€697.00M
Other investments51/53€621.00M€697.00M
Cash at bank and in hand54/58€2.94M€2.04M
Deferred charges and accrued income490/1€6.62M€3.94M
Equity and liabilities
Total equity and liabilities10/49€3.16B€3.29B
Equity10/15€3.13B€3.25B
Contributions10/11€694.43M€718.13M
Reserves13€2.43B€2.53B
Distributable reserves133€2.43B€2.53B
Investment grants15€423k€406k
Amounts payable17/49€39.58M€39.23M
Amounts payable within one year42/48€39.20M€38.94M
Trade debts44€6.57M€5.82M
Suppliers440/4€6.57M€5.82M
Taxes, remuneration and social security45€2.44M€2.37M
Taxes450/3€369k€358k
Remuneration and social security454/9€2.07M€2.01M
Other amounts payable47/48€30.19M€30.75M
Accrued charges and deferred income492/3€378k€290k
Income statement Code20242025
Operating income70/76A€20.12M€22.97M
Turnover70€16.80M€19.71M
Other operating income74€3.33M€3.26M
Operating charges60/66A€54.94M€59.59M
Services and other goods61€44.52M€48.87M
Remuneration, social security and pensions62€9.28M€9.52M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€957k€953k
Other operating charges640/8€174k€251k
Operating profit (loss)9901€-34.81M€-36.62M
Financial income75/76B€258.09M€222.28M
Recurring financial income75€258.00M€222.24M
Income from financial fixed assets750€237.83M€207.92M
Income from current assets751€20.16M€14.31M
Other financial income752/9€16k€16k
Non-recurring financial income76B€91k€40k
Financial charges65/66B€238k€227k
Recurring financial charges65€232k€226k
Other financial charges652/9€232k€226k
Non-recurring financial charges66B€6k€1k
Profit (loss) for the period before taxes9903€223.04M€185.43M
Income taxes67/77€5k€5k
Taxes670/3€5k€5k
Profit (loss) for the period9904€223.04M€185.43M
Profit (loss) for the period to be appropriated9905€223.04M€185.43M
Appropriation of the result
Profit (loss) to be appropriated9906€223.04M€185.43M
Transfer to equity691/2€195.65M€157.27M
To other reserves6921€195.65M€157.27M
Profit to be distributed694/7€27.39M€28.16M
Return on contributions (dividend)694€27.39M€28.16M
Social balance
Average headcount (FTE)908745.245.9

The notes to these accounts (63 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-07
State Gazette act Resignations & appointments
Director resignation · Permanent representative · Board meeting4 facts ▸
  • Director resignation, Frederik Vandepitte (lid van het comité van het dagelijks bestuur)
  • Permanent representative, Frederik Vandepitte
  • Board meeting, 2026-06-16
  • Permanent representative, Marc De Ceuster
08-06
NBB filing Annual accounts filed
fiscal year 2025 · consolidated
08-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
State Gazette act Resignations & appointments
General meeting · Director resignation · Auditor appointment5 facts ▸
  • General meeting, 2025-06-14
  • Director resignation, KPMG Bedrijfsrevisoren BV (commissaris)
  • Auditor appointment, PwC Bedrijfsrevisoren BV (commissaris)
  • Permanent representative, Damien Walgrave
  • Permanent representative, Frederik Vandepitte
18-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
18-06
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
2024
01-07
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
01-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
05-01
State Gazette act Resignations & appointments
Board meeting · Director appointment · Board composition6 facts ▸
  • Board meeting, 2023-12-15
  • Director appointment, Frederik VANDEPITTE (lid van het Comité van Dagelijks Bestuur)
  • Board composition, lid van het Comité van Dagelijks Bestuur, 2024-02-01
  • Board composition, lid van het Comité van Dagelijks Bestuur, 2024-02-01
  • Board composition, lid van het Comité van Dagelijks Bestuur, 2024-02-01
  • Permanent representative, Frederik VANDEPITTE
2023
22-06
NBB filing Annual accounts filed
fiscal year 2022 · consolidated
08-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
15-05
State Gazette act Resignations & appointments
Board meeting · Director appointment · Director resignation6 facts ▸
  • Board meeting, 2023-04-28
  • Director appointment, Marc DE CEUSTER (lid van het Comité van Dagelijks Bestuur)
  • Director resignation, Katelijn CALLEWAERT (lid van het Comité van Dagelijks Bestuur)
  • Board composition, lid van het Comité van Dagelijks Bestuur, 2023-05-18
  • Board composition, lid van het Comité van Dagelijks Bestuur, 2023-05-18
  • Permanent representative, Franky DEPICKERE
2022
18-07
State Gazette act Statutes amendment
General meeting · Statutes amendment · Corporate purpose6 facts ▸
  • General meeting, 2022-06-11
  • Statutes amendment, 6
  • Corporate purpose, Alle financiële verrichtingen, zoals de verwerving, beheer en verkoop van aandelen, obligaties of andere effecten; deelname in het beheer en beleid van vennoots…
  • Capital, €36.500.000
  • Director appointment, Cera Beheersmaatschappij (statutaire bestuurder)
  • Mandate compensation, Cera Beheersmaatschappij
12-07
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2022-06-11
  • Auditor reappointment, commissaris, 3 years
  • Permanent representative, Kenneth Vermeire
14-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
14-06
NBB filing Annual accounts filed
fiscal year 2021 · consolidated
2021
31-12
Financial Back to profitnet €568.57M
Net result €568.57M after one loss-making year.
31-12
Financial Equity above €2500MEq €2.57B ▲26.5%
Equity rises from €2.03B to €2.57B.
22-06
State Gazette act Purpose · Statutes amendment · Legal-form change · Miscellaneous
General meeting · Purpose change · Corporate purpose10 facts ▸
  • General meeting, 2021-06-04
  • Purpose change, Wijziging van het voorwerp: opname van advies- en opleidingsactiviteiten
  • Corporate purpose, Alle financiële verrichtingen (holding), deelname in KBC Groep, morele rechten en aanspraken van de Cera-groep, verspreiding van coöperatief gedachtegoed, oplei…
  • Reserve release, Onbeschikbare eigen vermogensrekening (voormalige wettelijke reserve) beschikbaar gemaakt en toegevoegd aan beschikbare reserves
  • Capital, €36.500.000
  • Statutes amendment
  • Share value, 6.2, 24.79
  • Share exit entitlement, Per D-aandeel bij uittreding: 4,2 aandelen KBC Ancora plus uitkering in geld gelijk aan het verschil tussen netto-dividenden na belasting op die aandelen sinds…
  • Liquidation distribution, Het nadien overblijvende liquidatiesaldo wordt toegekend aan bestaande of nog op te richten fondsen beheerd door de Koning Boudewijnstichting, het Rode Kruis, U…
  • Supermajority requirement, Minstens 90% van de uitgebrachte stemmen vereist voor: ontbinding, wijziging verankeringsopdracht (KBC Groep), afzetting Cera Beheersmaatschappij als statutaire…
2020
31-12
Financial Weakest financial yearnet €-20.18M ▼114%
Net result drops to €-20.18M, the lowest in the series; recovery starts the following year.
07-07
State Gazette act Resignations & appointments
Permanent representative · Permanent representative resignation2 facts ▸
  • Permanent representative, Kenneth Vermeire
  • Permanent representative resignation, algemene vergadering die zich zal uitspreken over de jaarrekeningen afgesloten op 31 december 2019
2019
11-07
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2016-06-08
  • Auditor reappointment, commissaris, 3 years
  • Permanent representative, Olivier Macq
24-01
State Gazette act Statutes amendment
General meeting · Board meeting · Statutes amendment6 facts ▸
  • General meeting, 2018-06-09
  • Board meeting, 2018-10-19
  • Statutes amendment
  • Power of attorney, Cera Beheersmaatschappij NV
  • Accounting effect, 2019-01-01
  • Permanent representative, Franky Depickere
2018
03-07
State Gazette act Statutes amendment
General meeting · Statutes amendment2 facts ▸
  • General meeting, 2018-06-09
  • Statutes amendment
2017
13-12
State Gazette act Registered office
Board meeting · Registered-office move · Permanent representative3 facts ▸
  • Board meeting, 24/11/2017
  • Registered-office move, Muntstraat 1, 3000 Leuven
  • Permanent representative, Franky Depickere
2016
18-07
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative6 facts ▸
  • General meeting, 2016-06-04
  • Auditor reappointment, 3 years, 2019
  • Permanent representative, Olivier Macq
  • Board meeting, 2016-06-24
  • Director appointment, Katelijn Callewaert (lid van het Comité van Dagelijks Bestuur)
  • Director resignation, Luc Discry (lid van het Comité van Dagelijks Bestuur)
2015
06-07
State Gazette act Statutes amendment
General meeting · Statutes amendment2 facts ▸
  • General meeting, 2015-06-06
  • Statutes amendment
2013
21-10
State Gazette act Registered office · Statutes amendment
General meeting · Board meeting · Registered-office move6 facts ▸
  • General meeting, 2013-09-28
  • Board meeting, 2013-09-20
  • Registered-office move, 3000 Leuven, Mgr. Ladeuzeplein 15
  • Statutes amendment
  • Capital, €36.500.000
  • Corporate purpose, Alle financiële verrichtingen, zoals, doch niet beperkt tot: (1) de verwerving... van een deelneming...; (2) het beheer... van de door de vennootschap gehouden…
16-10
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
  • General meeting, 2013-09-28
  • Auditor appointment, KPMG Bedrijfsrevisoren CVBA (commissaris)
  • Permanent representative, Olivier Macq
05-07
State Gazette act Capital & shares · Statutes amendment
General meeting · Capital increase · Reserve release5 facts ▸
  • General meeting, 2013-06-26
  • Capital increase, €32.500.000
  • Reserve release, vermindering van de wettelijke reserves met eenzelfde bedrag
  • Capital, €36.500.000
  • Statutes amendment
2012
05-01
State Gazette act Statutes amendment
General meeting · Statutes amendment2 facts ▸
  • General meeting
  • Statutes amendment
2010
18-08
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2010-06-12
  • Auditor reappointment, 3 years, 2013
  • Permanent representative, Eric Clinck
2007
17-07
State Gazette act Capital & shares · Statutes amendment
General meeting · Statutes amendment · Director appointment4 facts ▸
  • General meeting, 2007-06-09
  • Statutes amendment, 6
  • Statutes amendment, 7
  • Director appointment, Cera Beheersmaatschappij (statutaire zaakvoerder)
2006
03-07
State Gazette act Resignations & appointments
Board meeting · Permanent representative · Director resignation5 facts ▸
  • Board meeting, 2006-05-16
  • Permanent representative, Franky Cyriel Depickere
  • Director resignation, Rik Donckels
  • Director resignation, Rik Donckels
  • Director appointment, Franky Cyriel Depickere
03-07
State Gazette act Resignations & appointments
General meeting · Director resignation · Auditor reappointment4 facts ▸
  • General meeting, 2004-06-12
  • Director resignation, KPMG (Klynveld Peat Marwick Goeder) (commissaris)
  • Auditor reappointment, commissaris, 3 years
  • Permanent representative, Theo Erauw
2005
31-03
State Gazette act Capital & shares · Statutes amendment
General meeting · Purpose change3 facts ▸
  • General meeting, 2005-02-14
  • General meeting, 2005-03-01
  • Purpose change, De vennootschap heeft enerzijds tot doel alle financiële verrichtingen, zoals, doch niet beperkt tot: (1) de verwerving, door inschrijving, inbreng, bijdrage, f…
2004
08-07
State Gazette act Capital & shares · Statutes amendment
General meeting · Name change · Statutes amendment8 facts ▸
  • General meeting, 2004-06-12
  • Name change, Cera
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
7 directors, no change since 2026
Marc DE CEUSTER
Lid van het comité van dagelijks bestuur · since 18-05-2023
Current
Cera Beheersmaatschappij
Statutaire bestuurder · since 09-06-2007 · Legal entity
Current
Franky Cyriel Depickere
Director · since 15-09-2006
Not recently confirmed
16-06-2026 Frederik VANDEPITTE: Resigned as Lid van het comité van het dagelijks bestuur
01-02-2024 Frederik VANDEPITTE: Appointed as Lid van het comité van dagelijks bestuur
18-05-2023 Marc DE CEUSTER: Appointed as Lid van het comité van dagelijks bestuur
18-05-2023 Katelijn Callewaert: Resigned as Lid van het comité van dagelijks bestuur
11-06-2022 Cera Beheersmaatschappij: Appointed as Statutaire bestuurder
03-08-2016 Katelijn Callewaert: Appointed as Lid van het comité van dagelijks bestuur
03-08-2016 Luc Discry: Resigned as Lid van het comité van dagelijks bestuur
09-06-2007 Cera Beheersmaatschappij: Appointed as Statutaire zaakvoerder
15-09-2006 Franky Cyriel Depickere: Appointed
14-09-2006 Rik Donckels: Resigned
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2001
establishment The establishment unit on the map
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.

Muntstraat 13000 Leuven
Ground area
1,663 m²
Building footprint
1,598 m²
Parcel 24502B0852/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
Cera
Muntstraat 1, 3000 LeuvenNACE 74151
since 20012.147.582.770
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24502B0852/00S000
ProtectedMonumentHotel d'EynattenSource ↗
Flanders 1,663 m² 1 · 1,597 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Statutory auditor

4 auditors
BV PwC BedrijfsrevisorenCurrent
Statutory auditor · represented by Damien Walgrave
14-06-2025 → present
Show 3 earlier auditors
KPMG Bedrijfsrevisoren BV
Statutory auditor · represented by Kenneth Vermeire
11-06-2022 → 14-06-2025
KPMG Bedrijfsrevisoren CVBA
Statutory auditor · represented by Olivier Macq
succeeded by BV PwC Bedrijfsrevisoren in 2025
28-09-2013 → 14-06-2025
KPMG Réviseurs d'Entreprises
Auditor · represented by Eric Clinck
succeeded by KPMG Bedrijfsrevisoren CVBA in 2013
12-06-2004 → 28-09-2013

Structure & network

Connections & network

9 connected companies

Ownership & control

1 party
CeraBE 0403.581.960
controls
Where this company holds controlthis company sits on their board1

Capital and shareholders

Capital increase of 32,500,000 EUR
State Gazette act of 05-07-2013

Recognitions · licences · registrations

Food safety, FASFC

1 site
Leuven2.147.582.770
2 permissions
Ambulante detailhandel LM>3 maand · since 05-10-2023
Detailhandel LM>3 maand · since 05-05-2023

Legal Entity Identifier

549300I1S80UFFUC0493
live in the LEI register

Similar companies · same sector, comparable size

Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 164 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formCooperative company
Founded22-03-1935
Fiscal year end31-12
Trade name NL Lijst overgenomen CERA-vennootschappen zie BS 08-04-98 NR 69 blz. 10717
Activities, NACEBEL
52470
64200Holdings
64210Activities of holding companies
65231
47620Retail trade
47621Retail sale of newspapers and periodicals
90393Specialised image, lighting and sound technical services
92313
Sources
Crossroads Bank for EnterprisesNational Bank · 97 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.