NORMAL SITUATION

CERTI-FED

Financial year 2025 · closed on 30/06/2025
Net result
146,7 k €
-54.6% YoY
Gross margin
-29,8 k €
+56.7% YoY
Equity
51,6 M €
+0.3% YoY

Company — Normal situation.

What does CERTI-FED do?

CERTI-FED is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0890.159.991
Legal form
Public limited company
Contributed capital
50 935 755,58 €
Latest accounts
30/06/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin-29,8 k €-69 k €-72,5 k €
EBITDA-29,8 k €-69 k €-72,5 k €-270,4 k €-277,6 k €-325,3 k €-197,5 k €-150,3 k €-66,5 k €-27,3 k €-4,3 k €-1,6 k €-5,5 k €-2,8 k €-2,2 k €-1,9 k €-6,3 k €
Operating result-29,8 k €-69 k €-72,5 k €-270,4 k €-277,6 k €-325,3 k €-197,5 k €-150,3 k €-66,5 k €-27,3 k €-4,3 k €-1,6 k €-5,5 k €-2,8 k €-2,2 k €-1,9 k €-6,3 k €
Net result146,7 k €323,3 k €12,7 k €455,8 k €889,8 k €-2,6 M €617,5 k €476,3 k €265,7 k €14,5 k €-4,5 k €-1,8 k €-5,5 k €-2,4 k €-2,1 k €-1,6 k €-3,6 k €
Balance sheet
Equity51,6 M €51,5 M €51,2 M €50,2 M €34,8 M €33,9 M €36,5 M €25,9 M €25,4 M €10,1 M €101,2 k €105,6 k €57,4 k €62,9 k €65,2 k €67,3 k €68,9 k €
Total assets51,7 M €51,5 M €51,2 M €50,3 M €34,8 M €33,9 M €36,5 M €25,9 M €25,4 M €10,1 M €103,4 k €105,7 k €57,4 k €62,9 k €65,2 k €69,1 k €70,7 k €
Cash199,9 k €94,3 k €3,4 M €2,9 M €8,5 M €16,6 M €17,2 M €9,5 M €13,2 M €8 M €47,7 k €49,9 k €1,7 k €1,5 k €111,2 €4,1 k €5,1 k €
Debts27,3 k €28,6 k €29,2 k €40,8 k €34,3 k €2,8 k €9,4 k €44,5 k €30,9 k €1,9 k €2,2 k €1,8 k €1,8 k €
Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 37 ended

Active mandates

Denis RONDAY

Director · since 20 mars 2023 · until 16 décembre 2025

Active
Koenraad VAN LOO

Chairman of the board of directors · since 20 mars 2023 · until 16 décembre 2025

Active
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 20 mars 2023 · until 16 décembre 2025 · 0253.445.063

Represented by Laetitia De Smet

Active
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 20 mars 2023 · until 16 décembre 2025 · 0253.445.063

Represented by Laetitia De Smet

Active

Ended mandates

Céline VAESSEN

Director · since 20 mars 2023 · until 20 mars 2024

Ended
Denis RONDAY

Director · since 20 mars 2023 · until 20 mars 2029

Ended
Koenraad VAN LOO

Chairman of the board of directors · since 20 mars 2023 · until 20 mars 2029

Ended
Céline VAESSEN

Director · since 18 mars 2022 · until 20 mars 2023

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/06/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year6 months12 months12 months12 months12 months12 months
Filing date10/04/202604/04/202516/04/202412/04/202307/04/202206/04/2021
General meeting17/03/202620/03/202520/03/202420/03/202318/03/202219/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

36 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202517/03/202610/04/2026FrenchPDF
Abridged model30/06/202517/03/202610/04/2026DutchPDF
Abridged model31/12/202420/03/202504/04/2025DutchPDF
Abridged model31/12/202420/03/202504/04/2025FrenchPDF
Abridged model31/12/202320/03/202416/04/2024FrenchPDF
Abridged model31/12/202320/03/202416/04/2024DutchPDF
Abridged model31/12/202220/03/202312/04/2023DutchPDF
Abridged model31/12/202220/03/202312/04/2023FrenchPDF
Full model31/12/202118/03/202207/04/2022FrenchPDF
Full model31/12/202118/03/202207/04/2022DutchPDF
Full model31/12/202019/03/202106/04/2021FrenchPDF
Full model31/12/202019/03/202106/04/2021DutchPDF
Full model31/12/201919/03/202014/04/2020FrenchPDF
Full model31/12/201919/03/202014/04/2020DutchPDF
Full model31/12/201821/05/201904/06/2019FrenchPDF
Full model31/12/201821/05/201904/06/2019DutchPDF
Full model31/12/201715/05/201812/06/2018FrenchPDF
Full model31/12/201715/05/201812/06/2018DutchPDF
Full model31/12/201616/05/201712/06/2017DutchPDF
Full model31/12/201616/05/201712/06/2017FrenchPDF
Full model31/12/201517/05/201625/05/2016FrenchPDF
Full model31/12/201517/05/201625/05/2016DutchPDF
Full model31/12/201419/05/201517/06/2015DutchPDF
Full model31/12/201419/05/201517/06/2015FrenchPDF

View all 36 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 37 ended

Active mandates

Denis RONDAY

Director · since 20 mars 2023 · until 16 décembre 2025

Active
Koenraad VAN LOO

Chairman of the board of directors · since 20 mars 2023 · until 16 décembre 2025

Active
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 20 mars 2023 · until 16 décembre 2025 · 0253.445.063

Represented by Laetitia De Smet

Active
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 20 mars 2023 · until 16 décembre 2025 · 0253.445.063

Represented by Laetitia De Smet

Active

Ended mandates

Céline VAESSEN

Director · since 20 mars 2023 · until 20 mars 2024

Ended
Denis RONDAY

Director · since 20 mars 2023 · until 20 mars 2029

Ended
Koenraad VAN LOO

Chairman of the board of directors · since 20 mars 2023 · until 20 mars 2029

Ended
Céline VAESSEN

Director · since 18 mars 2022 · until 20 mars 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution09/01/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Dissolution09/01/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
    PDF
  • Restructuring05/11/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring05/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates26/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025146,7 k €
  2. 2024
    Annual accounts 2024323,3 k €
  3. 2022
    Annual accounts 202212,7 k €
  4. 2021
    Annual accounts 2021455,8 k €
  5. 2020
    Annual accounts 2020889,8 k €
  6. 2019
    Annual accounts 2019-2,6 M €
  7. 2018
    Annual accounts 2018617,5 k €
  8. 2017
    Annual accounts 2017476,3 k €
  9. 2016
    Annual accounts 2016265,7 k €
  10. 2015
    Annual accounts 201514,5 k €
  11. 2014
    Annual accounts 2014-4,5 k €
  12. 2013
    Annual accounts 2013-1,8 k €
  13. 2012
    Annual accounts 2012-5,5 k €
  14. 2011
    Annual accounts 2011-2,4 k €
  15. 2010
    Annual accounts 2010-2,1 k €
  16. 2009
    Annual accounts 2009-1,6 k €
  17. 2008
    Annual accounts 2008-3,6 k €