Equity
€342,128 ▲ 6.8%
CEELEKTRO has made a profit without a break since 2016.
CEELEKTRO
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €657,423 (2014)
€143,667▼ 34.8%
lowest -€85,833 (2015)
€21,795▼ 62.2%
peak €342,128 (2025)
€342,128▲ 6.8%
€141,116▼ 33.7%
peak 13.3 FTE (2014)
-not published
Board4 names since 2021
4 directorsChristiaens Lorenzo and 3 others
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €220,308 to €143,667Result from €57,638 to €21,795Debts from €212,877 to €141,116Cash from €42,007 to €13,687
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 53% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.6%▼ -0.5 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026lowest value
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%▼ -0.2 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 27 days late; 2 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 3.15, cash €13,687, halved
lowers risk
Founded in 2003
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 43, micro). It does better than 77% of them on solvency, 38% on liquidity, 47% on profitability and 50% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 17,041 companies had the same profile as CEELEKTRO has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CEELEKTRO itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,041 companies, not a prediction for CEELEKTRO. 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 €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.15 (2.55 in 2024), above the usual 1.5. Short-term debt is 20.8% and cash 2.8% of total assets. 29.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 days late
2024
49 days late
2023
48 days late
2022
30 days late
2021
60 days late
2020
83 days late
2019
31 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 47 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 18 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0480026472
4 managers resigning, 4 directors reappointed
Resignations: Luan Invest, Devolder Annick, Christiaens Lorenzo and Christiaens Mathias · Reappointments: Luan Invest, Devolder Annick, Christiaens Lorenzo and Christiaens Mathias · “Herstellen van elektrische en radio-elektrisch materieel,van automatische verdelers en van mechanische spelen…” (deed in Dutch) · Gazette deed
First establishment
Kasteelstraat 39B, Harelbeke
Incorporation
published on 23-04-2003 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CEELEKTRO Harelbeke | €483,244 | €143,667 | 70.8% | - |
| Elektra Vantomme Deerlijk | €499,003 | €132,949 | 42.8% | - |
| JNC ENGINEERING Ledegem | €472,872 | €180,531 | 22.1% | - |
| SECURE INTELLIGENT LIVING VEROUGSTRAETE Knokke-Heist | €449,115 | €114,869 | 95.9% | - |
| VERHEUST Menen | €434,689 | €115,638 | 23.7% | 0.8 |
| D. CALLENS Menen | €485,739 | €146,088 | 51.3% | - |
| EDA Schaerbeek | €495,581 | €164,818 | 91.2% | 0.7 |
These companies have the same main activity as CEELEKTRO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €435,000 and €499,000, founded between 1999 and 2007.
Official details
Source: KBO- Status
- Active since 14-04-2003Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.127.180.7028531 Harelbeke, since 05-05-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2024
Annual accounts 2025
- ≈ €430,000estimated
- €483,244▼ 9.4%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 27-08-2026
Insights on CEELEKTRO
CEELEKTRO files the micro format. That format states no turnover. The gross margin fell from €187,904 in 2006 to €143,667 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CEELEKTRO
- What is the company number of CEELEKTRO?
- The company number of CEELEKTRO is 0480.026.472. The VAT number is the same number with BE in front: BE 0480.026.472.
- Where is CEELEKTRO based?
- The registered office is at Kasteelstraat 39B, 8531 Harelbeke.Company details
- What does CEELEKTRO do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of CEELEKTRO?
- CEELEKTRO is a private limited company (BV).
- When was CEELEKTRO founded?
- CEELEKTRO was founded on 14-04-2003.
- Is CEELEKTRO still active?
- Yes, CEELEKTRO is an active enterprise in the KBO register.
- How many employees does CEELEKTRO have?
- CEELEKTRO had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CEELEKTRO fall under?
- In its 2025 annual accounts, CEELEKTRO states joint committees 200 (Auxiliary committee for white-collar workers) and 149.01 (Electricians: installation and distribution).
- What is the turnover of CEELEKTRO?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €143,667 and 38 comparable companies (NACE 43211). It probably lies between €290,000 and €530,000.
- Is CEELEKTRO profitable?
- In financial year 2025, CEELEKTRO made a profit of €21,795.
- Where can I find the annual accounts of CEELEKTRO?
- CEELEKTRO filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CEELEKTRO due?
- CEELEKTRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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