CELA
ActiveCELA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239k and a net result of €72k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 38% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+8
Solvency61▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.32 in 2024), and 67% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33%
Return on assets
9.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
21 d early
2023
5 d early
2022
30 d late
2021
31 d late
2020
88 d late
2019
101 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€239k▲ 42.7%
2024 · €168k
2018: €58k
2019: €96k
2020: €118k
2021: €111k
2022: €130k
2023: €137k
2024: €168k
2018 → 2025
Total assets
€725k▲ 33.7%
2024 · €542k
2018: €211k
2019: €202k
2020: €326k
2021: €328k
2022: €415k
2023: €495k
2024: €542k
2018 → 2025
Net result
€72k▲ 131%
2024 · €31k
2018: €27k
2019: €38k
2020: €22k
2021: €26k
2022: €19k
2023: €7k
2024: €31k
2018 → 2025
Working capital
€196k▲ 68.6%
2024 · €116k
2018: €58k
2019: €91k
2020: €109k
2021: €103k
2022: €115k
2023: €82k
2024: €116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€111k-€130k▲ 17.0%€137k▲ 5.5%€168k▲ 22.7%€239k▲ 42.7%
Operating result€34k-€28k▼ 17.9%€18k▼ 35.2%€51k▲ 186%€110k▲ 115%
Net result€26k-€19k▼ 26.8%€7k▼ 61.9%€31k▲ 334%€72k▲ 131%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 115% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725k
Fixed assets
€47k▼ 22.7%
Current assets
€678k▲ 40.9%
Equity and liabilities €725k
Equity
€239k▲ 42.7%
Debt
€486k▲ 29.8%
The debt ratio falls from 69.1% to 67.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€124k▲
2024 · €65k
Cash flow
€85k▲
2024 · €45k
Solvency
33.0%▲
2024 · 30.9%
Current ratio
1.41▲
2024 · 1.32
Quick ratio
1.22▲
2024 · 1.00
Debt / equity
2.03▼
2024 · 2.23
ROE
29.9%▲
2024 · 18.5%
ROA
9.9%▲
2024 · 5.7%
Interest coverage
22.34▲
2024 · 11.75
Debt
€486k▲
2024 · €374k
Debt ≤ 1 year
€482k▲
2024 · €365k
Debt > 1 year
€4k▼
2024 · €10k
Income taxes
€35k▲
2024 · €16k
Staff costs
€92k▲
2024 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€542k€725k▲
Fixed assets21/28€61k€47k▼
Tangible fixed assets22/27€61k€47k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€7k▼
Leasing and similar rights25€14k€9k▼
Other tangible fixed assets26€32k€29k▼
Current assets29/58€481k€678k▲
Stocks and contracts in progress3€118k€91k▼
Stocks30/36€118k€91k▼
Amounts receivable within one year40/41€144k€197k▲
Trade receivables40€143k€159k▲
Other amounts receivable41€1k€37k▲
Cash at bank and in hand54/58€213k€360k▲
Deferred charges and accrued income490/1€6k€31k▲
Equity and liabilities
Total equity and liabilities10/49€542k€725k▲
Equity10/15€168k€239k▲
Contributions10/11€19k€19k=
Reserves13€149k€221k▲
Distributable reserves133€149k€221k▲
Amounts payable17/49€374k€486k▲
Amounts payable after more than one year17€10k€4k▼
Financial debts170/4€10k€4k▼
Amounts payable within one year42/48€365k€482k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€313k€423k▲
Suppliers440/4€313k€423k▲
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€40k€47k▲
Taxes450/3€14k€37k▲
Remuneration and social security454/9€25k€10k▼
Other amounts payable47/48€5k€973▼
Income statement
Code20242025
Remuneration, social security and pensions62€85k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€15k
Other operating charges640/8€13k€6k▼
Gross operating margin9900€163k€237k▲
Operating profit (loss)9901€51k€110k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€47k€107k▲
Income taxes67/77€16k€35k▲
Profit (loss) for the period9904€31k€72k▲
Profit (loss) for the period to be appropriated9905€31k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€72k▲
Transfer to equity691/2€31k€72k▲
To other reserves6921€31k€72k▲
Social balance
Average headcount (FTE)9087-3.3
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €72k ▲131%
Operating result €110k, net result €72k, both a record.
31-12
Financial
Equity above €200kEq €239k ▲42.7%
8 profitable years in a row build equity to €239k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €168k ▲22.7%
7 profitable years in a row build equity to €168k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €7k ▼61.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Equity above €100kEq €118k ▲23.5%
3 profitable years in a row build equity to €118k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
CELA Etmond
CurrentDirector · since 21-02-2024
21-02-2024
Appointed as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kempische steenweg 3453500 HasseltGround area
3,555 m²
Building footprint
519 m²
Volume, LiDAR
3,179 m³
Parcel 71322A0379/00W000, Flanders · tallest building 21.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CELA
since 20152.243.699.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0379/00W000 | Flanders | 3,555 m² | 1 · 519 m² | 21.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.243.699.971
Similar companies · same sector, comparable size
Parva Erica
BE 0806.064.258
Bree · Eq €239k
NCC INTERNATIONAL
BE 0552.866.544
Zaventem · Eq €248k
THK
BE 0840.012.476
Pelt · Eq €226k
PPC Belgium
BE 0792.955.204
Antwerpen · Eq €225k
SolidFloors
BE 0556.733.280
Harelbeke · Eq €219k
Of 167 companies in sector 46835 we hold annual accounts for 112. 76 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2015
Fiscal year end31-12
Activities, NACEBEL
46835Wholesale trade
47523Retail trade
46130Agents in the wholesale of timber and building materials
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.