Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CERTABO from As, company number BE0450309731, closed financial year 2025 with a result of € 2,019 after tax. For that financial year CERTABO recorded a gross margin of € 53,074 and equity of € 90,538. Compared with financial year 2024, the result moved from € 10,482 to € 2,019. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 90,538
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,019
▼ 81% vs 2024
Profit after tax over the fiscal year.
€ 29,794
▲ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -182,067.
People and assets in 2025
€ 40,103
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 407,848
▲ 177% vs 2024
€ 29,844 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 926
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,079
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 34,637 | € 26,231 | € 43,858 | € 53,074 | ▲ 21% |
| Profit after taxes | € -9,431 | € -3,007 | € 10,482 | € 2,019 | ▼ 81% |
| Equity | € 81,044 | € 78,037 | € 88,519 | € 90,538 | ▲ 2% |
| Total debts | € 375,372 | € 348,193 | € 347,981 | € 903,344 | ▲ 160% |
| Cash | € 13,821 | € 17,539 | € 20,140 | € 29,794 | ▲ 48% |
| Land & buildings | € 294,158 | € 54,356 | € 54,356 | € 626,405 | ▲ € 572,049 |
| Retained profit | € -191,561 | € -194,567 | € -184,086 | € -182,067 | ▲ € 2,019 |
| Bank debt | € 185,508 | € 166,567 | € 147,296 | € 407,848 | ▲ 177% |
| Balance sheet total | € 456,416 | € 426,230 | € 436,500 | € 993,882 | ▲ 128% |
Key figures of CERTABO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CERTABO?
What happened at CERTABO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,019 (▼ 81% vs 2024). Source: NBB ↗
- Sandy Andries became a director. NBB
- Sophie De Win became a director. NBB
- Koenraad De Win became a director. NBB
- New establishment in As. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,431 loss in 2022 to € 2,019 profit in 2025.
Best year ever: 2024, with € 10,482 profit.
Management
Behind CERTABO are Sandy Andries, Sophie De Win and Koenraad De Win.
Directors
According to the 2025 annual accounts
Sandy Andries
Director
since 2025
Sophie De Win
Director
since 2025
Koenraad De Win
Managing director
since 2025
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 38
3665 As
Gommersstraat 38
3665 As
Active since 14 July 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.309.731
- VAT number
- BE 0450.309.731
- Registered office
- Nijverheidsstraat 38, 3665 As
- Names & denominations
- CERTABO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 1993
- Peppol
- Active · Active since 15 Sept 2025
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