CEREGRAL S.A.E.C.A.

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What it is

CEREGRAL S.A.E.C.A. is a licensed General Warehouse operator (Almacén General de Depósitos) and issuer of Certificados de Depósito and Warrants — warehouse receipts that holders can use as collateral — and has been in operation since 1980.

A warrant, in this context, is a paper that turns stored goods into financial collateral: a soy farmer or importer deposits cargo, receives a warrant, and can borrow against it from a bank.

Its physical footprint spans Fernando de la Mora and Villeta, with a combined land area of 960,500 square metres and 15,000 square metres of covered storage. It is the only open-capital company in its sector in Paraguay, the first authorised to operate as a public customs-deposit zone under private management, and the sole entity licensed to store goods seized by customs authorities.

Its activities are governed by Law 215/70 and supervised by the Superintendencia de Bancos of the Banco Central del Paraguay (BCP). That dual oversight — securities regulator plus bank supervisor — reflects the hybrid nature of a warehouse that also issues financial instruments.

Who owns it

CEREGRAL is structured as a Sociedad Anónima Emisora de Capital Abierto (S.A.E.C.A.) — a Paraguayan open-capital joint-stock company required to offer shares publicly. Not published: the ownership register (nómina de accionistas) and the precise free-float percentage are not disclosed in any document retrieved from the BVA filings index, the Comisión Nacional de Valores (CNV/BCP) emitters page, or the company’s own publications.

Under Paraguayan securities law (Ley No. 1.284/98 and CNV Resolution SV.SG. No. 0022/2024), listed S.A.E.C.A.s are required to file periodic information including shareholder composition; this profile was unable to locate those filings on the BVA or CNV portals at the time of writing.

The Fleitas family appears to exercise control: Jorge Fleitas Bogarín has served as board president and Guillermo Fleitas Serrati as vice-president — a family name appearing in both the top two seats. The exact ownership percentage held by the Fleitas family is not published in any primary source found.

Who runs it

Jorge Fleitas Bogarín is the president of CEREGRAL S.A.E.C.A., a position he held as recently as 2019 per ABC Color reporting. Guillermo Fleitas Serrati serves as vice-president, Ernesto Marsal as a director, and Silvino Santacruz as síndico (statutory auditor).

Not published: whether board composition has changed since 2019 cannot be confirmed from current CNV or BVA filings available online; no separate CFO is identified in any public document.

The money, in plain words

Not published: annual revenue, net profit, total assets, and all derived ratios (net profit margin, return on equity, price-to-earnings, dividend yield) are not available in any document retrieved from the primary sources searched — the BVA balance-sheet repository (bolsadevalores.com.py/storage/balance/CER/), the CNV emitters page (cnv.gov.py/?page_id=682), or the BCP emitters registry (bcp.gov.py/en/emisores). The BVA balance-sheet PDF link for CEREGRAL returned a 404 error at the time of research, suggesting the document has either been relocated or is not currently published online.

Under Paraguayan securities law — specifically CNV Resolution SV.SG. No. 0022/2024 — listed companies must submit quarterly and annual periodic financial information to the regulator.

The Superintendencia de Valores has, for other issuers, imposed automatic suspension from primary market placements for failure to submit annual periodic information as of 31 December 2024. Whether CEREGRAL is current on its filings could not be confirmed; investors should check the BVA and CNV portals directly before acting.

What it is doing now

The most recent verifiable material event on public record is a 2016 regulatory action: the BCP board opened disciplinary proceedings against CEREGRAL and its directors following complaints from banking institutions, and provisionally suspended President Bogarín and Director Marsal as a precautionary measure while the proceedings ran. By May 2019, Fleitas Bogarín was again publicly identified as company president, suggesting the proceedings concluded without a permanent removal.

No material corporate event — deal, capital raise, leadership change, or rating action — has been reported by the Paraguayan business press since 2019 in sources available to this profile.

In January 2026, the Bolsa de Valores de Asunción announced a significant upgrade, implementing Nasdaq technology and formally separating its operational functions — a market-infrastructure change that affects all listed companies including CEREGRAL, potentially increasing trading transparency and disclosure obligations over time.

What to watch

• Financial disclosure: The absence of any publicly accessible financial statements is the single largest risk signal here; an investor’s first step must be to request audited accounts directly from the company or the BVA.
• Regulatory standing: Confirm with the CNV/BCP Superintendencia de Valores whether CEREGRAL is current on its mandatory periodic filings under Resolution SV.SG. No. 0022/2024.
• Monopoly franchise value: Its status as the sole private-sector customs-zone warehouse operator and the only public-capital company in the sector is a durable competitive advantage — but only if its licence and regulatory good standing are maintained.
• Family governance: A company where two family members hold the top two board seats and ownership is undisclosed warrants scrutiny of related-party transactions once financial statements become available.
• BVA technology upgrade: Nasdaq-standard infrastructure at the exchange may compel better real-time disclosure from small listed issuers across the board.

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This is news, not investment advice.