ANDRE CELIS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 39 filings
Every figure per financial year
The operating result for 2025 is 50% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 44 | 39 | 36 | 30 | 32 |
| full-time | 41 | 35 | 33 | 28 | 29 |
| part-time | 3 | 4 | 3 | 2 | 3 |
| in full-time equivalents | 43.3 | 38.3 | 35.4 | 29.6 | 31.4 |
| Average over the year, in full-time equivalents | 41.7 | 39.6 | 36.4 | 33.3 | 31.4 |
| On a permanent contract | 43 | 39 | 36 | 30 | 32 |
| Joined | 8 | 7 | 5 | 7 | 8 |
| Left | 10 | 12 | 8 | 13 | 6 |
| Agency workers, average number | 26.1 | 8.8 | 7.1 | 6.6 | 4.2 |
| Training hours | - | 151 | 204 | 212 | 330 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €7.8m | €6.6m | €7.2m | €5.9m | €5.5m |
| Mortgages, amount registered | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m |
| Carrying value of the mortgaged assets | €6.3m | €5.9m | €5.5m | €5.2m | €4.8m |
| Pledge on the business | €11.4m | €14.5m | €14.5m | €14.4m | €14.4m |
| Carrying value of the other pledged assets | - | - | €2.1m | €1.7m | €1.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.2m | €419,114 | €1.3m | €220,609 | €771,569 |
| Intangible fixed assets | - | €38,975 | €15,920 | €2,052 | €22,600 |
| Depreciation and write-downs of the year | €1.4m | €1.4m | €1.4m | €1.3m | €1.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €12,500 | €12,750 | €12,750 | €13,500 | €13,500 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2025 · 1 entry · €16,645 awarded · €16,645 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €53.3m | €55.6m | €54.5m | €51.2m | €49.4m | ▼ 3.6% |
| Turnover70 | €44.4m | €43.1m | €48.2m | €52.3m | €54.8m | €53.1m | €49.6m | €48.8m | ▼ 1.7% |
| Other operating income74 | - | - | - | €0.9m | €0.8m | €1.2m | €1.0m | €0.6m | ▼ 41.4% |
| Non-recurring operating income76A | - | - | - | - | €0.001m | €0.08m | €0.7m | €0.05m | ▼ 93.0% |
| Operating charges60/66A | - | - | - | €53.0m | €55.3m | €55.1m | €50.4m | €48.1m | ▼ 4.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €35.7m | €36.7m | €36.7m | €34.2m | €33.6m | ▼ 1.8% |
| Purchases600/8 | - | - | - | €35.6m | €38.7m | €36.0m | €33.4m | €33.3m | ▼ 0.2% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.03m | -€2.0m | €0.7m | €0.8m | €0.3m | ▼ 65.3% |
| Services and other goods61 | - | - | - | €13.0m | €14.3m | €13.9m | €12.0m | €10.5m | ▼ 12.1% |
| Remuneration, social security and pensions62 | - | - | - | €2.7m | €2.8m | €3.0m | €2.6m | €2.5m | ▼ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.9m | €0.9m | €0.9m | €1.4m | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.04m | €0.08m | €0.03m | -€0.5m | €0.02m | - |
| Other operating charges640/8 | - | - | - | €0.09m | €0.08m | €0.08m | €0.7m | €0.2m | ▼ 79.1% |
| Non-recurring operating charges66A | - | - | - | €0.08m | €369 | €53 | €61 | €0.002m | ▲ 35× |
| Operating profit (loss)9901 | €0.1m | €0.2m | -€0.06m | €0.3m | €0.2m | -€0.6m | €0.9m | €1.3m | ▲ 49.9% |
| Financial income75/76B | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 13.4% |
| Recurring financial income75 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 13.4% |
| Income from current assets751 | - | - | - | €0.02m | €0.03m | €0.03m | €0.007m | - | - |
| Other financial income752/9 | - | - | - | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 17.6% |
| Financial charges65/66B | - | - | - | €0.4m | €0.4m | €0.9m | €1.0m | €0.8m | ▼ 19.6% |
| Recurring financial charges65 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.9m | €1.0m | €0.8m | ▼ 19.6% |
| Debt charges650 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.9m | €1.0m | €0.8m | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.1m | -€0.2m | €0.2m | €0.09m | -€1.3m | €0.06m | €0.7m | ▲ 12× |
| Income taxes67/77 | €0.05m | €0.006m | €0.03m | €0.07m | €0.03m | €0.005m | €0.005m | €0.004m | ▼ 7.1% |
| Taxes670/3 | - | - | - | €0.07m | €0.03m | €0.005m | €0.005m | €0.004m | ▼ 7.1% |
| Profit (loss) for the period9904 | €0.03m | €0.09m | -€0.2m | €0.09m | €0.06m | -€1.3m | €0.05m | €0.7m | ▲ 14× |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.09m | -€0.2m | €0.09m | €0.06m | -€1.3m | €0.05m | €0.7m | ▲ 14× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €25.8m | €33.3m | €32.8m | €32.9m | €34.8m | €31.7m | €29.9m | €27.9m | ▼ 6.8% |
| Formation expenses20 | €0.07m | €0.04m | €0.2m | €0.1m | €0.09m | €0.06m | €0.03m | - | - |
| Fixed assets21/28 | €5.2m | €11.1m | €12.1m | €12.0m | €11.0m | €11.0m | €9.9m | €9.5m | ▼ 4.4% |
| Intangible fixed assets21 | €0.04m | €0.04m | €0.04m | €0.02m | €0.05m | €0.05m | €0.03m | €0.04m | ▲ 39.0% |
| Tangible fixed assets22/27 | €5.1m | €11.1m | €12.0m | €12.0m | €11.0m | €11.0m | €9.9m | €9.4m | ▼ 4.5% |
| Land and buildings22 | - | - | - | €6.3m | €5.9m | €5.5m | €5.2m | €4.8m | ▼ 7.4% |
| Plant, machinery and equipment23 | - | - | - | €0.9m | €1.5m | €1.3m | €1.1m | €1.0m | ▼ 10.9% |
| Furniture and vehicles24 | - | - | - | €0.3m | €0.4m | €0.3m | €0.2m | €0.5m | ▲ 105% |
| Leasing and similar rights25 | - | - | - | €2.6m | €1.3m | €2.1m | €1.7m | €1.7m | ▼ 2.5% |
| Other tangible fixed assets26 | - | - | - | €1.8m | €1.8m | €1.7m | €1.6m | €1.4m | ▼ 7.4% |
| Assets under construction and advance payments27 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | - | - |
| Financial fixed assets28 | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 4.6% |
| Other financial fixed assets284/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 4.6% |
| Shares284 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.004m | ▲ 20.0% |
| Current assets29/58 | €20.5m | €22.1m | €20.6m | €20.8m | €23.7m | €20.7m | €20.0m | €18.4m | ▼ 7.9% |
| Amounts receivable after more than one year29 | - | - | - | €0.9m | €1.1m | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.9m | €1.1m | - | - | - | - |
| Stocks and contracts in progress3 | €8.0m | €9.7m | €10.0m | €10.0m | €12.0m | €11.3m | €10.5m | €10.2m | ▼ 2.8% |
| Stocks30/36 | - | - | - | €10.0m | €12.0m | €11.3m | €10.5m | €10.2m | ▼ 2.8% |
| Goods purchased for resale34 | - | - | - | €10.0m | €12.0m | €11.3m | €10.5m | €10.2m | ▼ 2.8% |
| Amounts receivable within one year40/41 | €10.6m | €10.7m | €8.2m | €8.1m | €8.5m | €7.6m | €8.1m | €7.0m | ▼ 13.2% |
| Trade receivables40 | - | - | - | €7.5m | €7.9m | €7.3m | €7.7m | €6.6m | ▼ 14.0% |
| Other amounts receivable41 | - | - | - | €0.6m | €0.6m | €0.3m | €0.4m | €0.4m | ▲ 2.9% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.6m | €0.3m | €0.2m | ▼ 20.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1.4m | €1.8m | €1.2m | €1.1m | €0.9m | ▼ 14.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €25.8m | €33.3m | €32.8m | €32.9m | €34.8m | €31.7m | €29.9m | €27.9m | ▼ 6.8% |
| Equity10/15 | €2.3m | €2.4m | €2.3m | €2.4m | €2.4m | €1.1m | €1.2m | €1.8m | ▲ 59.7% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €0.8m | €0.9m | €0.7m | €0.8m | €0.9m | €0.06m | €0.1m | €0.8m | ▲ 604% |
| Investment grants15 | - | - | - | €0.1m | €0.07m | €0.06m | €0.06m | €0.06m | ▼ 7.7% |
| Amounts payable17/49 | €23.5m | €30.9m | €30.5m | €30.5m | €32.4m | €30.6m | €28.8m | €26.0m | ▼ 9.5% |
| Amounts payable after more than one year17 | €2.9m | €2.9m | €3.4m | €7.0m | €6.0m | €6.5m | €5.6m | €5.2m | ▼ 6.7% |
| Financial debts170/4 | - | - | - | €7.0m | €6.0m | €6.5m | €5.6m | €5.2m | ▼ 6.7% |
| Leasing and similar obligations172 | - | - | - | €1.0m | €0.6m | €1.0m | €0.7m | €1.0m | ▲ 37.0% |
| Credit institutions173 | - | - | - | €5.3m | €4.8m | €4.9m | €4.3m | €3.6m | ▼ 14.9% |
| Other loans174 | - | - | - | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Amounts payable within one year42/48 | €20.5m | €27.7m | €26.8m | €23.1m | €25.9m | €23.7m | €22.6m | €19.7m | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.6m | €1.2m | €1.3m | €1.0m | €0.9m | ▼ 6.6% |
| Financial debts43 | - | - | - | €10.4m | €10.8m | €11.5m | €11.4m | €10.7m | ▼ 6.2% |
| Credit institutions430/8 | - | - | - | €10.4m | €10.8m | €11.5m | €11.4m | €10.7m | ▼ 6.2% |
| Trade debts44 | €8.7m | €9.2m | €8.4m | €8.6m | €10.7m | €8.0m | €6.8m | €6.6m | ▼ 3.2% |
| Suppliers440/4 | - | - | - | €8.6m | €10.7m | €8.0m | €6.8m | €6.6m | ▼ 3.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.7m | €0.7m | €0.6m | €0.5m | €0.6m | ▲ 12.8% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | €0.09m | €0.08m | €0.09m | ▲ 4.2% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 14.4% |
| Other amounts payable47/48 | - | - | - | €2.0m | €2.6m | €2.3m | €2.9m | €0.9m | ▼ 70.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.4m | €0.5m | €0.5m | €0.6m | €1.1m | ▲ 104% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.09m | -€0.2m | €0.09m | €0.06m | -€1.3m | €0.05m | €0.7m | ▲ 14× |
| + Depreciation and write-downs630 | €0.9m | €0.9m | €0.9m | €1.4m | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 5.7% |
| Operating cash flow (approximation) | €1.0m | €1.0m | €0.7m | €1.5m | €1.5m | €0.09m | €1.4m | €2.0m | ▲ 41.1% |
| Investment in fixed assets (approximation) | - | -€6.8m | -€1.9m | -€1.3m | -€0.5m | -€1.4m | -€0.2m | -€0.8m | ▼ 292% |
| Change in cash | - | €0.01m | -€0.01m | €0.1m | -€0.04m | €0.3m | -€0.3m | -€0.06m | ▲ 80.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,217 companies had the same profile as ANDRE CELIS has now. Two years later, 96.0% were still going and 1.5% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of ANDRE CELIS itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,217 companies, not a prediction for ANDRE CELIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-07-2026 | 2026-00357145 | |
| 31-12-2024 | full format | 22-07-2025 | 2025-00300364 | |
| 31-12-2023 | full format | 30-07-2024 | 2024-00316472 | |
| 31-12-2022 | full format | 29-07-2023 | 2023-00306025 | |
| 31-12-2021 | full format | 30-08-2022 | 2022-20386072 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-64300117 | |
| 31-12-2019 | full format | 16-11-2020 | 2020-71300315 | |
| 31-12-2018 | full format | 31-10-2019 | 2019-73200024 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-56900119 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-65900087 |