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C.E.L.

Active Public limited companyfounded 1992active for 34 yearsBrugsesteenweg 264b, 8800 RoeselareKBO/BCE: BE 0447.542.360 #10 company by equity in Roeselare, Wholesale and retail trade sector
C.E.L.
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Overview

Lifetime

20 annual accounts with figures on one time axis, 34 filings since 1992
peak €1.3m (2021)
€401,101▼ 3.1%
peak €580,236 (2019)
€265,779▼ 37.7%
peak €14.4m (2023)
€8.8m▲ 3.1%
€257,496▼ 1.0%
peak 13.6 FTE (2009)
0 FTE 
Board3 names since 2021
3 directorsCnudde Conny and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €426,603 to €265,779Demerger: C.E.L. splits off to C & C 13-05

Key points

from the 2025 annual accounts

Equity

€8.8m ▲ 3.1%

C.E.L. has made a profit in every financial year since 2006.

Result

€265,779 ▼ 37.7%
€427,0002024€266,0002025

The result fell in 2025 from €426,603 to €265,779.

Turnover

≈ €1.9m estimated

The accounts state no turnover.

Filings

34 annual accounts since 1992
AprilJune31 JulyOctober200020102020

Four of the last ten came late. The 2019 accounts came latest: 87 days after the end of the period.

Position in the sector

97.1%

Higher solvency than 95% of companies in wholesale trade. Sector median 45.2% · 6,193 companies.

Checked score

97
Excellent
Financially stronger than 76% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: 0.1%▲ +0.1 percentage points vs 09-2025highest value 11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 97.1% of total assets
100=short-term debt 0.4% · cash 45.5%
72+22return on assets 2.9%

Score breakdown

raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1992
Liquidity: current ratio 150.09, cash €4.1m
Size: total assets €9.0m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 92% of them on solvency, 99% on liquidity, 66% on profitability and 48% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 1,887 companies had the same profile as C.E.L. has now. Each dot stands for 5 companies, two years later.

97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of C.E.L. itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,887 companies, not a prediction for C.E.L.. 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.

Credit verdict

Credit of up to €800,000 on 30-day terms is acceptable

Short-term debt is 0.4% and cash 45.5% of total assets. 2.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 150.09, cash €4.1m
NBB · annual accounts
lowers risk · Size: total assets €9.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
61 days late
2023
2 days early
2022
56 days late
2021
23 days early
2020
2 days early
2019
87 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CC
Cnudde Conny
Managing director
RE
Ramboer Emilia
Managing director
RL
Ramboer Laura
Managing director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0447542360
Demerger: C.E.L. splits off to C & C Capital decrease of €27,326.65 · Capital increase of €10,616.97 · Capital increase of €16,709.68 · General meeting of 28-03-2025 · Gazette deed
Demerger proposal: C.E.L. splits off to C & C Gazette deed
3 directors reappointed Cnudde Conny (managing director), Ramboer Laura and Ramboer Emilia · General meeting of 14-12-2023 · Gazette deed
All 49 events

Comparable companies

same main activity, similar in size and age
Company
C.E.L. Roeselare €9.0m €401,101 97.1% 0
JUNOCO Roeselare €16.8m €649,127 85.4% -
CNUDDE EN ZOON Ingelmunster €3.8m €276,080 84.0% -
GIMPEX Antwerp €4.8m €230,455 98.3% -
H & S CONSULTING Antwerp €7.5m €382,324 98.0% 3.7
CENTRAL PURCHASE ORGANIZATION Antwerp €2.4m €126,776 74.5% 1.6
EMDIKO Aalst €2.4m €97,232 55.1% -

These companies have the same main activity as C.E.L.: wholesale trade (NACE 46425). They are comparable in size and age: total assets between €2.4m and €17m, founded between 1990 and 2000.

Official details

Source: KBO
Status
Active since 27-05-1992Normal situation
Activity
Wholesale tradeNACE 46425and 5 others
Establishment unit
2.058.365.7348800 Roeselare, since 30-07-1992
Financial year end
31 December
Peppol
Reachable since 16-09-2025
Company details

Annual accounts 2025

€401,101▼ 3.1%
€265,779▼ 37.7%
€8.8m▲ 3.1%
€9.0m▲ 3.0%
Filing
Filed on 31-08-2026
Financials

Insights on C.E.L.

C.E.L. has existed since 1992. The gross margin fell from €1.2m in 2023 to €414,076 in 2024.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 31-08-2026, 31 days late
€401,101
▼ 3.1%
€236,156
▲ 0.3%
€265,779
▼ 37.7%
€5.8m
▲ 6.3%
97.1%
▲ 0.1 percentage points
-

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.9m. Estimated: probably between €1.4m and €2.8m.

In the rankings #10 company by equity in Roeselare, Wholesale and retail trade sector

Balance sheet

balance sheet total €9.0m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

97.1%

Higher than 95% of 6,193 companies in 2025.

-

Higher than 95% of 5,998 companies in 2022.

2.9%

Higher than 47% of 6,177 companies in 2025.

C.E.L. Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 9.0m8.8m14.7m14.2m13.8m13.2m13.0m12.3m12.2m11.7m11.0m10.8m10.5m10.4m11.2m9.6m9.1m8.7m8.4m8.3m
20 -------0------------
21/28 3.2m3.3m8.8m9.2m9.6m9.7m9.3m8.9m7.6m6.6m6.5m6.7m7.0m6.8m7.1m5.1m5.1m4.5m4.7m4.8m
21 -------0------------
22/27 3.2m3.3m8.8m9.2m9.6m9.7m9.3m8.9m7.6m6.6m6.5m6.7m7.0m6.8m7.1m5.1m5.1m4.5m4.7m4.8m
22 3.1m3.2m8.8m9.1m9.4m9.5m9.2m8.8m7.5m6.4m6.3m6.5m6.8m6.7m6.9m4.6m4.8m4.3m4.4m4.6m
23 -------0-------1,7213,4425,1636,8848,604
24 -017,97636,05154,12672,201-0-12,98123,14334,71446,285-5,21210,42515,63720,850--
26 10,97020,49934,52648,68965,83983,991101,836104,073141,695175,445111,517123,054136,865145,675191,641247,922302,113203,036248,891201,126
27 -------0-------258,000----
28 -------0----125-------
29/58 5.9m5.5m5.9m5.0m4.2m3.6m3.7m3.4m4.6m5.1m4.6m4.1m3.4m3.6m4.1m4.5m4.0m4.2m3.7m3.4m
29 -------0------------
290 -------0------------
291 -------0------------
3 -------0------------
30/36 -------0------------
37 -------0------------
40/41 101,84756,97257,07257,06336,16453,903104,198111,508203,346144,126176,232177,700217,281299,595104,072336,16225,65935,2402.1m1.9m
40 19,83219,80120,17936,90616,0576,03522,49918,76114,00616,19238,94058,88925,92313,86217,018126,4909,8173,9651.4m1.2m
41 82,01537,17136,89320,15620,10747,86881,69992,747189,340127,933137,293118,811191,358285,73387,054209,67215,84231,275686,467635,489
50/53 1.6m1.6m3.4m3.5m3.2m2.8m2.7m2.7m4.2m4.1m3.2m---------
54/58 4.1m3.8m2.3m1.4m913,961654,311858,836618,838103,183808,5221.2m3.9m3.1m3.2m3.9m4.1m3.9m4.1m1.6m1.5m
490/1 72,03684,94467,35627,44313,92911,3576,9948,52154,000-9,000100,85883,26367,09277,42589,16377,454103,52920,05018,961
Balance sheet: equity and liabilities
10/49 9.0m8.8m14.7m14.2m13.8m13.2m13.0m12.3m12.2m11.7m11.0m10.8m10.5m10.4m11.2m9.6m9.1m8.7m8.4m8.3m
10/15 8.8m8.5m14.4m13.9m13.4m12.8m12.5m11.9m11.5m11.3m11.0m10.8m10.4m10.0m9.8m9.5m8.9m8.6m8.2m7.9m
10/11 61,50061,50083,44883,44883,44883,44862,00062,00062,000371,840371,840371,840371,840371,840371,840371,840371,840371,840371,840371,840
10 61,50061,50062,00062,00062,000---------------
100 61,50061,50062,00062,00062,00062,00062,00062,00062,000371,840371,840371,840371,840371,840371,840371,840371,840371,840371,840371,840
101 -------0------------
11 -021,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,448
1100/10 -021,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,44821,448
12 -------0------------
13 8.7m8.4m14.3m13.8m13.3m12.8m12.4m11.9m11.4m10.9m10.6m10.4m10.0m9.6m9.4m9.1m8.5m8.2m7.8m7.5m
130/1 6,1503,4676,2006,2006,2006,200-0------398,613398,613398,613398,613398,613398,613
130 6,1503,4676,2006,2006,2006,2006,2006,2006,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,200
1312 -------0------------
1319 -------0------398,613398,613398,613398,613398,613398,613
132 275,399318,982911,810996,264900,2651.1m914,897729,984569,197336,697308,797166,197166,197166,197166,197166,197166,197166,197166,197166,197
133 8.4m8.1m13.4m12.8m12.4m11.7m11.5m11.1m10.8m10.5m10.3m10.2m9.8m9.4m8.8m8.5m7.9m7.6m7.2m6.9m
14 -------0------------
15 -------0------------
19 -------0------------
16 -------0------------
160/5 -------0------------
160 -------0------------
161 -------0------------
162 -------0------------
163 -------0------------
164/5 -------0------------
168 -------0------------
17/49 257,496259,970309,348329,929414,773379,805456,275397,231700,821383,34527,84358,45274,296441,8641.4m105,394151,540129,255271,215382,931
17 -------0------------
170/4 -------0------------
175 -------0------------
176 -------0------------
178/9 -------0------------
42/48 39,02821,51941,90961,624134,96986,78877,64523,475374,13028,00523,17928,41924,65016,1071.4m95,818142,683129,053211,215222,931
42 -------0------------
43 -------0------------
430/8 -------0------------
439 -------0------------
44 19,24614,63128,40954,14635,35182,65873,51519,17460,23023,94518,65919,89417,3298,64426,02051,91563,38268,752146,269140,293
440/4 19,24614,63128,40954,14635,35182,65873,51519,17460,23023,94518,65919,89417,3298,64426,02051,91563,38268,752146,269140,293
441 -------0------------
46 -------0------------
45 19,7826,8886,5203,04795,188-0171---2,1401,0861481,74018,74468,86245,96242,21282,638
450/3 19,7826,8886,5203,04795,188-0171---2,1401,0861481,74014,29717,249-11,10539,757
454/9 -------0-------4,44751,61445,96231,10742,881
47/48 -06,9804,4304,4304,1304,1304,130313,9004,0604,5206,3856,2357,3151.4m25,15910,43814,34022,734-
492/3 218,468238,451267,439268,306279,804293,017378,630373,756326,691355,3404,66530,03249,646425,75713,3639,5758,85720160,000160,000
Income statement
76A --04,132---------2,0094,098600-24,468-826
9900 401,101414,0761.2m1.2m1.3m828,7591.2m1.2m1.1m861,137852,871841,121854,091556,5181.1m1.2m1.1m1.1m1.2m1.2m
62 0968960868868868868868------3,224406,595441,307433,638440,058426,116
630 98,462119,376371,226376,880385,851318,844283,906285,938316,912276,309265,390334,283360,168305,709709,947290,394300,208242,338249,417239,920
631/4 -------0-----1,400------
635/8 -------0------------
640/8 66,48358,355231,732186,911198,163174,758176,842150,548158,099139,812145,898134,018124,586126,991123,828114,99293,90291,67888,45595,171
649 -------0------------
66A -------0------------
9901 236,156235,378625,559638,244739,119334,289705,072747,052619,478445,016441,582372,820369,337122,418247,333343,537264,057336,660457,675467,955
75/76B 104,756263,187124,92933,07326,67894,58014,98626,57184,55860,22273,32893,51993,69778,974160,23463,10480,175142,132105,80583,930
75 104,756263,187124,92933,07326,67894,58014,98626,57184,55860,22273,32893,51993,69778,974160,23463,10480,175142,132105,80583,930
76B -------0------------
65/66B 3,475-33,05146,4075,64210,821383-61,10767,562-101,607155,73052271,66514,9976582371,798216327
65 3,475-33,05146,4075,64210,821383-61,10767,562-101,607155,73052271,66514,9976582371,798216327
66B -------0------------
9903 337,437531,616704,081665,676754,976428,486781,164706,061704,036403,631359,180466,334462,808201,737396,669406,582343,995501,462563,264552,384
67/77 71,659105,012158,404163,421236,312111,209200,928231,359213,232132,900118,91171,04091,67512,44749,208-142,78824,76378,921227,57068,754
9904 265,779426,603545,676502,255518,664317,277580,236474,702490,803270,731240,270395,294371,132189,290347,461549,370319,232422,540335,694483,630
789 148,832190,946337,053156,601232,5000114,28756,213------------
689 105,2500252,600252,60049,468168,400299,200217,000232,50027,900142,600---------
9905 309,361617,549630,129406,256701,697148,877395,323313,915258,303242,83197,670395,294371,132189,290347,461549,370319,232422,540335,694483,630
Appropriation of the result
9906 309,361617,549630,129406,256701,697148,877395,323313,915258,303242,83197,670395,294371,132189,290347,461549,370319,232422,540335,694483,630
791/2 -------0------------
691/2 309,361617,549630,129406,256701,697148,877395,323313,915258,303242,83197,670395,294371,132189,290347,461549,370319,232422,540275,694323,630
691 -------0------------
6920 2,683------0------------
6921 306,678617,549630,129406,256701,697148,877395,323313,915258,303242,83197,670395,294371,132189,290347,461549,370319,232422,540275,694323,630
694/7 -------0----------60,000160,000
694 -------0-----------60,000
695 -------0----------60,000100,000
696 -------0------------
Social balance sheet
9087 0000----------0.413.513.612.913.113.4
Hours worked1013 --------------15922,09122,40920,21121,02919,745
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00508048.

Financial year Type Filed Reference Document
31-12-2025 full format 31-08-2026 2026-00508048 PDF
31-12-2024 abbreviated format 30-09-2025 2025-00535894 PDF
31-12-2023 abbreviated format 29-07-2024 2024-00299228 PDF
31-12-2022 abbreviated format 25-09-2023 2023-00453037 PDF
31-12-2021 abbreviated format 08-07-2022 2022-20199166 PDF
31-12-2020 abbreviated format 29-07-2021 2021-43300142 PDF
31-12-2019 abbreviated format 26-10-2020 2020-63100580 PDF
31-12-2018 abbreviated format 29-07-2019 2019-40100157 PDF
31-12-2017 abbreviated format 27-07-2018 2018-38300105 PDF
31-12-2016 abbreviated format 11-07-2017 2017-31400451 PDF
31-12-2015 abbreviated format 29-08-2016 2016-52100262 PDF
31-12-2014 abbreviated format 27-07-2015 2015-34700393 PDF
31-12-2013 abbreviated format 27-08-2014 2014-46900502 PDF
31-12-2012 abbreviated format 29-08-2013 2013-48900043 PDF
31-12-2011 abbreviated format 03-07-2012 2012-26100056 PDF
31-12-2010 abbreviated format 17-06-2011 2011-18200523 PDF
31-12-2009 abbreviated format 31-08-2010 2010-50900599 PDF
31-12-2008 abbreviated format 30-07-2009 2009-51700310 PDF
31-12-2007 abbreviated format 29-07-2008 2008-50400338 PDF
31-12-2006 abbreviated format 21-08-2007 2007-59000049 PDF
31-12-2005 abbreviated format 29-08-2006 2006-70803748 PDF
31-12-2004 abbreviated format 28-07-2005 2005-59205178 PDF
31-12-2003 abbreviated format 07-10-2004 2004-71804464 PDF
31-12-2002 abbreviated format 16-09-2003 2003-67101133 PDF
31-12-2001 abbreviated format 04-10-2002 2002-63103429 PDF
31-12-2000 abbreviated format 31-07-2001 2001-46301487 PDF
31-12-1999 abbreviated format 26-07-2000 2000-46205217 PDF
31-12-1998 abbreviated format 23-09-1999 1999-48502551 PDF
31-12-1997 abbreviated format 01-09-1998 1998-44102967 PDF
31-12-1996 abbreviated format 04-09-1997 1997-41803199 PDF
31-12-1995 abbreviated format 03-07-1996 1996-30800745 PDF
31-12-1994 abbreviated format 28-07-1995 1995-43603436 PDF
31-12-1993 abbreviated format 30-06-1994 1994-23604606 PDF
31-12-1992 abbreviated format 25-11-1993 1993-43802020 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
334,618354,754996,7841.0m1.1m653,133988,9781.0m936,390721,325706,973707,103729,505428,127957,280633,931564,265578,998707,092707,875
364,241545,979916,902879,135904,515636,120864,142760,640807,715547,041505,660729,576731,300494,9991.1m839,764619,440664,878585,111723,550
0-5.5m26,79410,600277,555720,025620,3841.6m1.3m421,63721,68317,622534,45632,6432.7m266,442889,85576,21396,27589,623
301,3811.5m888,068512,432259,650-204,525239,998515,655-705,339-398,500-2.6m718,220-104,581-708,462-117,940204,964-211,4732.4m112,962-
5.8m5.5m5.8m4.9m4.1m3.5m3.6m3.4m4.2m5.0m4.6m4.1m3.4m3.6m2.7m4.4m3.8m4.1m3.5m3.2m
97.1%97.0%97.9%97.7%97.0%97.1%96.5%96.8%94.2%96.7%99.7%99.5%99.3%95.8%87.3%98.9%98.3%98.5%96.8%95.4%
---81.0731.2140.9047.79-12.22-----2.9146.8727.7832.6317.7015.34
0.030.030.020.020.030.030.040.030.060.030.000.010.010.040.150.010.020.020.030.05
3.0%5.0%3.8%3.6%3.9%2.5%4.6%4.0%4.3%2.4%2.2%3.7%3.6%1.9%3.5%5.8%3.6%4.9%4.1%6.1%
2.9%4.9%3.7%3.5%3.8%2.4%4.5%3.8%4.0%2.3%2.2%3.6%3.6%1.8%3.1%5.7%3.5%4.8%4.0%5.9%
96.30-10.7321.48over 100over 100---------------

EBIT margin: not included in this filing.

A ratio outside any meaningful range has been withheld (balance sheet total €9.0m, equity €8.8m).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€26,794€10,600€277,555
Financial fixed assets€0----
€98,462€119,376€371,226€376,880€385,851

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on C.E.L.

The operating result for 2025 is 0% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 3.0% to 2.9%. Equity is higher and debt is lower.

Board & ownership

Board

3 directors, 3 in day-to-day management, last change in 2023
Cnudde Conny
Director and managing director
in office according to the deed of 20-08-2021 term until 07-06-2027
listed in the 2025 annual accounts, filed on 31-08-2026
Ramboer Emilia
Director and managing director
in office according to the deed of 20-08-2021 term until 07-06-2027
listed in the 2025 annual accounts, filed on 31-08-2026
Ramboer Laura
Director and managing director
in office according to the deed of 20-08-2021 term until 07-06-2027
listed in the 2025 annual accounts, filed on 31-08-2026
Cnudde Conny, Ramboer Emilia, Ramboer Laura
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De algemene vergadering mag aan de bestuurders vaste of veranderlijke bezoldigingen of vergoedingen toekennen, op de algemene kosten te…”
deed of 24-01-2018

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Cnudde Conny
Director, Managing director
Ramboer Emilia
Director, Managing director
Ramboer Laura
Director, Managing director
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
  • Cnudde Conny
    • Director, since before 07-06-2021
    • Managing director, since before 20-08-2021
  • Ramboer Emilia
    • Director, since before 07-06-2021
    • Managing director, since before 20-08-2021
  • Ramboer Laura
    • Director, since before 07-06-2021
    • Managing director, since before 20-08-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€61,500
Source
2025 annual accounts

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Indien raad een of meerdere gedelegeerd bestuurders heeft aangesteld”
deed of 13-05-2025 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 10:00
deed of 20-12-2023 (in Dutch)

Capital transactions

Capital over time
  1. 13-05-2025 Capital reduction of €27,326.65 · in a demerger
  2. 13-05-2025 Capital increase · no new shares
  3. 20-12-2023 Capital stated in the deed · €62,000

Network & group

No group

C.E.L. has no parent and no holdings in its annual accounts.

The LEI register names no parent.

Acquisitions and mergers

2 transactions
Split off to:C & C
BE 0426.407.644partial demerger · Gazette deed of 13-05-2025 (3 deeds) · effective 04-06-2024
BE 0432.761.837partial demerger · Gazette deed of 13-05-2025 (3 deeds) · effective 04-06-2024

Timeline

Timeline

49 events since 1992

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 31 days late
2025
Annual accounts 2024 filed PDFabbreviated format · 61 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0447542360
Demerger: C.E.L. splits off to C & CCapital decrease of €27,326.65 · Capital increase of €10,616.97 · Capital increase of €16,709.68 · General meeting of 28-03-20257 points ▸
  • General meeting, 28-03-2025
  • Capital decrease, €27,326.65
  • Capital increase, €10,616.97
  • Capital increase, €16,709.68
  • Capital, €61,500
  • Amendment of the articles, article 13
  • Power of attorney, Charles Vanbeylen
  • The deed holds 31 more points.

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFabbreviated format · 2 days before the deadline
Demerger proposal: C.E.L. splits off to C & C1 point ▸
  • Accounting effect, 01-01-2024, mentioned twice in the deed
  • The deed holds 17 more points.

Open the deed in the Belgian Official Gazette

2023
3 directors reappointedCnudde Conny (managing director), Ramboer Laura and Ramboer Emilia · General meeting of 14-12-20237 points ▸
  • General meeting, 14-12-2023
  • Capital, €62,000
  • Registered office clause, Brugsesteenweg 264b, 8800 Roeselare
  • Director reappointment, Cnudde Conny
  • Director reappointment, Ramboer Laura
  • Director reappointment, Ramboer Emilia
  • Director reappointment, Cnudde Conny (managing director)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 56 days late
2022
Liquidity more than doubled current ratio 81.07 The current ratio rises from 31.21 to 81.07. Short-term debt falls from €134,969 to €61,624.
Annual accounts 2021 filed PDFabbreviated format · 23 days before the deadline
2021
3 directors reappointedCNUDDE Conny, RAMBOER Laura and RAMBOER Emilia · General meeting of 07-06-20217 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 2 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 87 days late
2019
Highest result from 2006 to 2025 net €580,236 ▲22.2% The net result of €580,236 is the highest of those years.
Annual accounts 2018 filed PDFabbreviated format · 2 days before the deadline
Environmental permit granted OmgevingsloketNieuwbouw van bijgebouwen en niet overdekte lage constructie, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Brugge
2018
Liquidity more than 11 times current ratio 145.16 The current ratio rises from 12.22 to 145.16. Short-term debt falls from €374,130 to €23,475.
Annual accounts 2017 filed PDFabbreviated format · 4 days before the deadline
Capital decrease of €309,840.29 to €62,000Capital from €371,840.29 to €62,000 · General meeting of 22-12-20173 points ▸
  • General meeting, 22-12-2017
  • Capital decrease, €309,840.29
  • Capital, €62,000, 1,500 shares
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2017
Annual accounts 2016 filed PDFabbreviated format · 20 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 29 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 4 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 27 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 29 days late
2012
Weakest financial year net €189,290 ▼45.5% The net result drops to €189,290, the lowest from 2006 to 2025. It recovers the following year.
Liquidity more than 76 times current ratio 223.87 The current ratio rises from 2.91 to 223.87. Short-term debt falls from €1.4m to €16,107.
Equity above €10m equity €10.0m ▲1.9% With a profit in every financial year since 2006, equity grows to €10.0m.
Annual accounts 2011 filed PDFabbreviated format · 28 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 44 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 31 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 1 day before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 2 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 21 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
First establishment SUPERMARKET BERCA, Brugsesteenweg 264, Roeselare
Incorporation published on 20-06-1992

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

C.E.L. was incorporated on 27 May 1992.1 In 2025 the capital was increased.2 The company has filed 34 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 13-05-2025
  3. 3National Bank, annual accounts 2025

Company details

Identity

Enterprise number
0447.542.360
VAT number
BE 0447.542.360
Peppol ID
0208:0447542360
Other Peppol ID
9925:BE0447542360
LEI code
254900T1FST7IXWAQB29 live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
27-05-1992
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 10:00
deed of 20-12-2023 (in Dutch)
Peppol
Reachable since 16-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
C.E.L. in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brugsesteenweg 264b, 8800 Roeselare”
deed of 20-12-2023 (in Dutch)

Activities

NACEBEL 2025
46425 Wholesale trade main activity
46412 Wholesale of household textiles and bedding
46496 Wholesale trade
47512 Retail sale of household textiles and bedding
47640 Retail sale of games and toys
47721 Retail sale of footwear
Codes under NACEBEL 2008
46425 Wholesale trade main activity
46412 Wholesale of household textiles and bedding
46496 Wholesale trade
47512 Retail trade
47650 Retail trade
47721 Retail trade
Codes under NACEBEL 2003
51422 main activity
51410
51476
52410
52431
52489
PurposeThe purpose describes the activities the company may carry out under its articles.
“1.De groot-en kleinhandel en vertegenwoordiging in marokijnwaren,reisartikelen en schoeisel,schoenen,botten,sandalen en pantoffels en…”
6 activities
  1. 1.De groot-en kleinhandel en vertegenwoordiging in marokijnwaren,reisartikelen en schoeisel,schoenen,botten,sandalen en pantoffels en onderhoudsproducten;
  2. 2.De groot-en kleinhandel en vertegenwoordiging in confectie voor heren en dames,in regenschermen,hetzij in het algemeen:allerlei textielwaren en kledingsstukken;
  3. 3.De groot-en kleinhandel en vertegenwoordiging in sportartikelen,fantasieartikelen,geschenkartikelen,schoolbenodigdheden en speelgoed;
  4. 4.Alle activiteiten van herstellingswerkhuis en fabricageatelier van schoenen en andere lederwaren,textielwaren en kledingsstukken in het algemeen;
  5. 5.De exploitatie van verbruikssalons,met of zonder bediening van allerlei koude en warme dranken en eetwaren;
  6. 6.Alle aan-en verkoop en uitbating van onroerende goederen,zo bebouwd als onbebouwd,alle verkavelingen van gronden,alle verrichtingen van een bouwmaatschappij met inbegrip van het aanleggen van parken,recreatiezones,lusttuinen en wegen en alle hiermede gepaard gaande immobilienverrichtingen zowel voor eigen rekening als voor rekening van derden;
deed of 14-06-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Brugsesteenweg 264b registered office 8800 Roeselare
SUPERMARKET BERCA Brugsesteenweg 264, 8800 Roeselare 30-07-1992 2.058.365.734

Buildings and parcels at the address

Ground area
3,055 m²
Buildings
1,651 m²
Volume, LiDAR
7,473 m³
Tallest building
7.5 m
Buildings to scale, each on its own parcel
1,651 m², 7.5 m 1,651 m², 7.5 m

Environmental permits

1 application in Flanders since 2018 · 1 granted
11-02-2019 Granted Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 08-10-2018 · project 2018108385 Brugge

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
36015A0973/00M0033,055 m² 1 · 1,651 m² 7.5 m · 1

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