Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CERcuits from Geel, company number BE0768521003, closed financial year 2025 with a result of € -121,123 after tax. For that financial year CERcuits recorded a gross margin of € 378,459 and equity of € 398,443. Compared with financial year 2024, the result moved from € -23,079 to € -121,123. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 398,443
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -121,123
▼ 425 % more loss than in 2024
Profit after tax over the fiscal year.
€ 153,417
▲ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -109,056.
People and assets in 2025
6.3
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 373,909
▲ 29% vs 2024
€ 59,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,296
▲ € 4,296 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 121,734
▼ 15% vs 2024
€ 42,337 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 190,959
▲ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,248
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 73,705 | € 313,671 | € 360,836 | € 378,459 | ▲ 5% |
| Profit after taxes | € -11,169 | € 40,066 | € -23,079 | € -121,123 | ▼ € 98,044 |
| Equity | € -121 | € 39,945 | € 519,566 | € 398,443 | ▼ 23% |
| Total debts | € 245,773 | € 394,047 | € 289,160 | € 355,441 | ▲ 23% |
| Cash | € 42,762 | € 48,724 | € 95,833 | € 153,417 | ▲ 60% |
| Retained profit | € -4,921 | € 35,145 | € 12,067 | € -109,056 | ▼ € 121,123 |
| Bank debt | € 195,286 | € 288,659 | € 142,713 | € 121,734 | ▼ 15% |
| Balance sheet total | € 245,652 | € 433,992 | € 808,725 | € 753,884 | ▼ 7% |
| Employees (FTE) | 1.4 | 4.9 | 5.4 | 6.3 | ▲ 0.9 |
Key figures of CERcuits, 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 CERcuits?
What happened at CERcuits in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 121,123. Source: NBB ↗
- Luppens BV became a director. NBB
- SHS Investment LLC became a director. NBB
- Anouchka Echelpoels stepped down as director. NBB
- Anouchka Echelpoels became a director. NBB
- New establishment in Geel. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,169 loss in 2022 to € 121,123 loss in 2025.
Paid € 1,555 in corporate taxes since 2022.
Best year ever: 2023, with € 40,066 profit.
On average € 60,100 of value added per employee in 2025.
A new publication or filing at CERcuits? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CERcuits are Luppens BV and SHS Investment LLC.
Directors
According to the 2025 annual accounts
Director · represented by Frederik Luppens
since 2026
SHS Investment LLC
Director · represented by Ahmad Jwania
since 2026
Anouchka Echelpoels
Director
since 2024 · until 2026
Establishments
Establishment units
Physical locations of this company
Kleinhoefstraat 6
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Tecno Bouw
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0768.521.003
- VAT number
- BE 0768.521.003
- Registered office
- Kleinhoefstraat 6, 2440 Geel
- Names & denominations
- CERcuits
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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