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Centre de Recherche et d'Etudes sur la Sécurité, l'Ergonomie et la Promotion des Conditions de Travail

Active
Non-profit associationfounded 197650 yrs activeLouizalaan 231, 1050 Elsene, BelgiumKBO/BCE: BE 0416.032.307
Summary

Centre de Recherche et d'Etudes sur la Sécurité, l'Ergonomie et la Promotion des Conditions de Travail has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€469,038) and a net result of -€91,354. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 570 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
Centre de Recherche et d'Etudes sur la Sécurité, l'Ergonomie et la Promotion des Conditions de TravailActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Other education
NACE 85599NACE 80421Vocational training NACE 85592
#9 oldest company in Elsene, Education sector2 sites
Size
€596,821total assets 2025
Staff
8.1 FTE
Equity
-€469,038
Loss
-€91,354
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Board
6 members
Accounts 31 d early
Why 53Capped at 59: negative equity- Negative equity -€469,038- Loss of €91,354, the second in a row (FY 2025)+ Legal form Non-profit association+ Liquidity: current ratio 0.51, cash €131,581Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 12% of its sector peers (NACE 85, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -78.6% of total assets
Liquidity 28+5
short-term debt 114.0% · cash 22.0%
Profitability 0=
return on assets -15.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,782 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▼ -5.9% vs 04-2025 06-2025: 0.1%▼ -3.1% vs 05-2025lowest value 07-2025: 0.2%▲ +258% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%● 0.0% vs 03-2026 05-2026: 0.2%▼ -5.0% vs 04-2026 06-2026: 0.2%▼ -0.9% vs 05-2026 07-2026: 0.2%▲ +2.4% vs 06-2026 08-2026: 0.2%▼ -16.4% vs 07-2026 09-2026: 0.2%▼ -3.4% vs 08-2026 10-2026: 0.2%▲ +31.2% vs 09-2026highest value
  • Legal form Non-profit association lowers the probability
  • Negative equity -€469,038 raises the probability
  • Loss of €91,354, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 0.51, cash €131,581 lowers the probability
No credit on open account
Liquidity short (current ratio 0.51 against 0.58 in 2024; short-term debt: 114% and cash: 22% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 85, micro). Better than this share of them on solvency 6%, liquidity 13%, profitability 6%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Legal form Non-profit association
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity -€469,038
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €91,354, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.51, cash €131,581
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€469,038
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
37 d early
2023
34 d early
2022
32 d early
2021
27 d early
2020
38 d early
2019
55 d 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 21 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 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
  1. Reappointment: Frédérique Pouillart (director)Registered-office move
  2. Resignations & appointmentsDirector in office · Power…
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€469,038 View
  • Caution: Among the weakest 5% on solvencysector median 54.0% · 570 companies -78.6% View
  • Positive: Result rose in 2025from -€211,700 to -€91,354 ▲ 56.8% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€91,354 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Active since 1976founded 18-02-1976 50 years View

By topic

Financials

Fiscal year
2025
Total assets
€596,821
Loss
-€91,354
Solvency
-78.6%
Total assets▼ 16.0%
Net result
20182025
Go to Financials

Timeline

Events
35
Since
2010
Next accounts
by 31-07-2027
  1. 07-09-2026Reappointment: Frédérique Pouillart (director)
  2. 08-07-2026Resignations & appointments
  3. 30-06-2026Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Other educationNACE 85599
Founded
18-02-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
L'association a pour but la défense, la promotion et le développement du bien-être au…
Go to Articles of association

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