Accelleran
ActiveSummary
The annual accounts of Accelleran for fiscal year 2025 show a net loss of 89% of the equity at the start of that year. The 2025 annual accounts show equity of €789,089 and a net result of -€2.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 1453 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
History
On 7 March 2013, Accelleran was incorporated.1 In 2026 the company took the name Firecell Belgium.2 Firecell Group Holding has served as enige, niet statutaire bestuurder of the company since 2026.2 Total assets went from EUR 887,132 in 2018 to EUR 8.5 million in 2025 and headcount from 3.3 full-time equivalents in 2020 to 11.7 in 2025.3
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 112 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 92% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 112 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €596,157 | €1.2m | €1.4m | €1.4m | €1.1m | ▼ 16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €165,090 | €546,638 | €869,348 | €1.1m | €1.6m | ▲ 46.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €40,044 | €12,112 | €22,017 | - | - | - |
| Other operating charges640/8 | €1,274 | €10,210 | €11,713 | €12,905 | €13,207 | ▲ 2.3% |
| Gross operating margin9900 | -€610,017 | -€392,722 | €965,274 | €616,535 | €755,484 | ▲ 22.5% |
| Operating profit (loss)9901 | -€1.4m | -€2.2m | -€1.3m | -€1.9m | -€2.0m | ▼ 8.3% |
| Financial income75/76B | €24,520 | €9,308 | €101,999 | €221,345 | €476,585 | ▲ 115% |
| Recurring financial income75 | €24,520 | €9,308 | €101,999 | €221,345 | €476,585 | ▲ 115% |
| Financial charges65/66B | €115,256 | €38,530 | €119,969 | €234,965 | €485,213 | ▲ 107% |
| Recurring financial charges65 | €115,256 | €38,530 | €119,969 | €234,965 | €485,213 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | -€1.5m | -€2.2m | -€1.3m | -€1.9m | -€2.0m | ▼ 8.0% |
| Income taxes67/77 | €26 | €137 | €1,600 | €1,055 | €1,295 | ▲ 22.7% |
| Profit (loss) for the period9904 | -€1.5m | -€2.2m | -€1.3m | -€1.9m | -€2.0m | ▼ 8.0% |
| Profit (loss) for the period to be appropriated9905 | -€1.5m | -€2.2m | -€1.3m | -€1.9m | -€2.0m | ▼ 8.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.6m | €10.0m | €7.2m | €8.5m | €8.5m | ▼ 0.4% |
| Fixed assets21/28 | €2.5m | €4.9m | €6.2m | €7.6m | €7.6m | ▲ 0.9% |
| Intangible fixed assets21 | €2.3m | €4.7m | €6.0m | €7.5m | €7.5m | ▲ 1.0% |
| Tangible fixed assets22/27 | €145,184 | €177,339 | €109,822 | €51,204 | €42,724 | ▼ 16.6% |
| Plant, machinery and equipment23 | €4,958 | €5,610 | €4,140 | €2,670 | €1,201 | ▼ 55.0% |
| Furniture and vehicles24 | €140,226 | €159,974 | €86,026 | €31,112 | €11,122 | ▼ 64.3% |
| Other tangible fixed assets26 | - | €11,755 | €19,656 | €17,421 | €30,401 | ▲ 74.5% |
| Financial fixed assets28 | €32,003 | €2,962 | €25,483 | €63,740 | €63,566 | ▼ 0.3% |
| Current assets29/58 | €4.1m | €5.1m | €1.0m | €946,944 | €844,769 | ▼ 10.8% |
| Stocks and contracts in progress3 | €42,486 | €110,065 | €40,435 | €41,010 | €34,720 | ▼ 15.3% |
| Stocks30/36 | €42,486 | €110,065 | €40,435 | €41,010 | €34,720 | ▼ 15.3% |
| Amounts receivable within one year40/41 | €646,945 | €447,106 | €563,577 | €559,867 | €676,527 | ▲ 20.8% |
| Trade receivables40 | €441,187 | €152,101 | €295,650 | €13,052 | €337,662 | ▲ 2,487% |
| Other amounts receivable41 | €205,758 | €295,004 | €267,926 | €546,815 | €338,865 | ▼ 38.0% |
| Current investments50/53 | €11,402 | €11,402 | €415 | €418 | €421 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €3.2m | €4.0m | €76,565 | €159,155 | €64,513 | ▼ 59.5% |
| Deferred charges and accrued income490/1 | €236,528 | €531,613 | €343,683 | €186,494 | €68,588 | ▼ 63.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.6m | €10.0m | €7.2m | €8.5m | €8.5m | ▼ 0.4% |
| Equity10/15 | €4.5m | €3.1m | €2.9m | €2.3m | €789,089 | ▼ 65.9% |
| Contributions10/11 | €6.8m | €6.8m | €6.8m | €6.8m | €6.8m | ▲ 0.4% |
| Capital10 | €6.8m | €6.8m | €6.8m | €6.8m | €6.8m | ▲ 0.4% |
| Issued capital100 | €6.8m | €6.8m | €6.8m | €6.8m | €6.8m | ▲ 0.4% |
| Profit (loss) carried forward14 | -€3.2m | -€5.4m | -€6.8m | -€8.7m | -€10.7m | ▼ 23.7% |
| Investment grants15 | €889,514 | €1.8m | €2.8m | €4.2m | €4.7m | ▲ 11.9% |
| Amounts payable17/49 | €2.2m | €6.8m | €4.3m | €6.2m | €7.7m | ▲ 24.0% |
| Amounts payable within one year42/48 | €808,484 | €4.5m | €2.5m | €4.1m | €5.6m | ▲ 37.0% |
| Current portion of amounts payable after more than one year42 | - | - | €1.5m | €3.5m | €3.8m | ▲ 8.8% |
| Financial debts43 | - | €500,000 | €250,000 | - | €500,000 | - |
| Credit institutions430/8 | - | €500,000 | €250,000 | - | €500,000 | - |
| Trade debts44 | €644,721 | €725,914 | €501,190 | €401,374 | €1.1m | ▲ 182% |
| Suppliers440/4 | €644,721 | €725,914 | €501,190 | €401,374 | €1.1m | ▲ 182% |
| Advances received on contracts in progress46 | €91,202 | €91,202 | €91,134 | - | - | - |
| Taxes, remuneration and social security45 | €68,663 | €155,773 | €146,301 | €180,191 | €154,445 | ▼ 14.3% |
| Taxes450/3 | - | - | - | - | €6,325 | - |
| Remuneration and social security454/9 | €68,663 | €155,773 | €146,301 | €180,191 | €148,120 | ▼ 17.8% |
| Other amounts payable47/48 | €3,897 | €3.1m | €3,086 | €3,086 | €3,086 | = |
| Accrued charges and deferred income492/3 | €1.4m | €2.3m | €1.8m | €2.1m | €2.1m | ▼ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.5m | -€2.2m | -€1.3m | -€1.9m | -€2.0m | ▼ 8.0% |
| + Depreciation and write-downs630 | €165,090 | €546,638 | €869,348 | €1.1m | €1.6m | ▲ 46.5% |
| Operating cash flow (approximation) | -€1.3m | -€1.7m | -€476,037 | -€779,996 | -€411,783 | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | -€2.9m | -€2.2m | -€2.5m | -€1.7m | ▲ 33.0% |
| Change in cash | - | €815,581 | -€3.9m | €82,589 | -€94,642 | ▼ 215% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
18-06
State Gazette act
Resignations: Qbic Venture Partners II, Cogito Fund I SCSp SICAV-RAIF and 4 othersAppointment: Firecell Group Holding (enige, niet statutaire bestuurder) · Share class · Name change17 facts ▸
- General meeting, 09-06-2026
- Other statement, kennisname van de verslaggeving
- Share class, afschaffing, onmiddellijke ingang
- Name change, Firecell Belgium
- Statutes amendment
- Capital, €12.387.107,55
- Director resignation, Qbic Venture Partners II (director)
- Director resignation, Cogito Fund I SCSp SICAV-RAIF (director)
- Director resignation, Capital-E II Partners (director)
- Director resignation, VAN TETERING Scale up consultancy (director)
- Director resignation, Stan Claes (director)
- Director resignation, Sebastian Rubin (director)
- +5 further facts in this act
About the unread acts
Of the 25 Belgian State Gazette acts we know for this company, 1 has been read. The other 24 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 1
Permanent representatives 1
Other functions 1
Not every act has been read: a resignation may be missing here
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1136/00A008 | Flanders | 1,535 m² | 1 · 1,069 m² | 52.6 m · 16 fl. |
| 11808H1258/00E003 | Flanders | 697 m² | 1 · 697 m² | 26.8 m · 6 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Firecell Group Holding |
|
| Capital-E II Partners |
|
| COGITO FUND I SCSP SICAV-RAIF |
|
| Qbic Venture Partners II |
|
| Sebastian Rubin |
|
| Stan Claes |
|
| VAN TETERING Scale up consultancy |
|
Articles of association
Full text
Artikel 11. VERTEGENWOORDIGINGSBEVOEGDHEID. Het bestuursorgaan vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. De vennootschap wordt jegens derden en in rechte als eiser of als verweerder tevens geldig vertegenwoordigd: - als er een raad van bestuur is : hetzij door twee bestuurders samen optredend, hetzij door het afzonderlijk optreden van een gedelegeerd-bestuurder, aangewezen door de raad van bestuur. - het afzonderlijk optreden van de enige bestuurder. Binnen het kader van het dagelijks bestuur, is de vennootschap tevens geldig vertegenwoordigd door (een) gevolmachtigde(n) tot dit bestuur. De vennootschap is bovendien, binnen het kader van hun mandaat, geldig verbonden door bijzondere gevolmachtigden.
Full purpose (11 activities)
- De ontwikkeling en commercialisatie van software, hardware en het leveren van daaraan gerelateerde diensten, met specifieke toepassingen in de wereld van telecommunicatienetwerken, en dit in de meest ruime zin van het woord
- Alle mogelijke verrichtingen en activiteiten in verband met ontwikkeling, onderzoek, productie, werking, aankoop, verkoop, invoer, uitvoer, vervoer, huur, verhuur, vertegenwoordiging, promotie, installatie, fabricatie, transformatie, vervoer en de handel in al haar vormen van alle goederen en producten en levering van diensten, in het bijzonder voor het leveren van totaaloplossingen in de sectoren van informatica, elektronica, elektronische apparatuur en meer bepaald, onder andere, computers en telecommunicatieapparatuur, en dit zowel op hardware als op software gebied, evenwel als voor alle verbandhoudende producten en alle instrumenten, materiaal, accessoires en apparaten met betrekking tot deze handel
- De ontwikkeling en commercialisering van informatica-, toepassings- en uitvoeringsprogramma’s, handleidingen, en onderhoudspakketten voor de bovenvernoemde producten
- Aankoop, verkoop, huur, verhuur van alle elektronische, elektrische en informaticamaterialen, en in het algemeen alle materiaal die rechtstreeks of onrechtstreeks nuttig kan zijn voor het voorwerp van de vennootschap, langs om het even welke weg, zoals internet, handel et cetera
- Aankoop en verkoop van software en totaaloplossingen
- Levering van opleiding, studies en andere adviezen aan iedereen in het domein van informatica in de breedste zin van het woord, zoals telefonie, veiligheid, servers, et cetera
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan-en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen
- Het aangaan en verstrekken van leningen, kredieten, financieringen en het aangaan van leasingcontracten, in het kader van de bovenvermelde voorwerp
- Samenwerken met, deelnemen in, of op gelijk welke wijze, rechtstreeks of onrechtstreeks, belangen nemen in andere ondernemingen
- Tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak
- Alle commerciële, industriële, financiële, roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken
Structure & network
Owners and holdings
4 owners · 1 holdingOwners 4
-
37.46%
-
12.28%
-
9.75%
-
7.96%
Holdings 1
-
100%
According to the 2025 annual accounts of Accelleran and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- 18-06-2026 Capital stated in the act · 12,387,107.55 EUR · 59,861,757,012 shares
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 689 EUR awarded · 689 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 270 EUR | 270 EUR |
| 2022 | 1 | 419 EUR | 419 EUR |
European Union, budget
2021 to 2025 · 14 entries · 2,936,007 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 315,650 EUR |
| 2023 | 1 | 199,555 EUR |
| 2022 | 11 | 2,388,865 EUR |
| 2021 | 1 | 31,937 EUR |
Show 3 more projects
European research
20 projects · 1 as coordinator · 8,918,935 EUR EU contributionShow 15 more projects
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.