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CELABOR

Active
Private limited companyfounded 1995active for 31 yearsAvenue du Parc 38, 4650 Herve, BelgiumKBO/BCE: BE 0455.511.010
Summary

CELABOR has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €396,523. Equity is growing by about 4.5% per year across the filed financial years. Its solvency ranks better than 29% of 2,547 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Other technical testing and analysis
NACE 71209
2 sites
Size
€5.9mtotal assets 2025
Staff
52.2 FTE
Equity
€1.6m
Profit
€396,523
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Board
16 members
Holdings
1
2025 accounts 39 days early3 of 19 deeds summarised
Why 88raises riskLiquidity: current ratio 1.10, cash €97,025, halvedlowers riskProfit of €396,523 (financial year 2025)Figures for financial year 2025 (filed 22-06-2026)Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 56% of its sector peers (NACE 71, medium-sized)
Financial strength · tick = 2024
Average
Solvency 52+5
equity 26.6% of total assets
Liquidity 24-1
short-term debt 54.9% · cash 1.7%
Profitability 77-1
return on assets 6.8%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (165 companies, NACE 71, medium-sized)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%▼ -0.4 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%▼ -0.1 percentage points vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.5 percentage points vs 09-2026lowest value
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.1, compared with 1.11 in 2024, below the usual 1.5; short-term debt: 54.9% and cash: 1.7% of total assets), and 73.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 71, medium-sized): better than 37% on solvency, 23% on liquidity, 78% on profitability and 86% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

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

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.10, cash €97,025, halved
NBB · annual accounts
lowers risk · Profit of €396,523 (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 22-06-2026)
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
24 days early
2023
36 days early
2022
41 days early
2021
60 days early
2020
46 days early
2019
51 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 42 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% 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 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: Jan Laperre (director) and Pol…Gazette deed
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Highest result from 2018 to 2025net €396,523 ▲3.4%

Financials · financial year 2025, abbreviated format

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€396,523▲ 3.4%
2024 · €383,552
Working capital
€316,576▼ 5.2%
2024 · €333,896
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 20% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.3m 2025 Net result€0.4m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.05m-€0.03m▼ 40.0%€0.07m▲ 143%€0.08m▲ 18.8%€0.06m▼ 31.4%€0.09m▲ 63.8%€0.4m▲ 307%€0.3m▼ 20.2%
Net result€0.04m-€0.02m▼ 51.0%€0.06mwithin the sector's middle half▲ 162%€0.07mwithin the sector's middle half▲ 25.1%€0.04mwithin the sector's middle half▼ 40.5%-€0.3mbelow the sector's middle half€0.4mabove the sector's middle half€0.4mabove the sector's middle half▲ 3.4%
Equity€1.0m-€1.0m▲ 2.1%€1.1mabove the sector's middle half▲ 5.4%€1.2mabove the sector's middle half▲ 6.4%€1.2mabove the sector's middle half▲ 3.6%€0.9mwithin the sector's middle half▼ 27.3%€1.2mabove the sector's middle half▲ 33.2%€1.6mabove the sector's middle half▲ 34.1%
Total assets€3.8m-€4.0m▲ 6.0%€4.4mabove the sector's middle half▲ 9.8%€4.6mabove the sector's middle half▲ 4.1%€5.8mabove the sector's middle half▲ 25.3%€5.5mabove the sector's middle half▼ 4.3%€5.3mabove the sector's middle half▼ 3.5%€5.9mabove the sector's middle half▲ 10.2%
Debt€2.8m-€3.0m▲ 7.4%€3.3m▲ 11.3%€3.4m▲ 3.4%€4.6m▲ 32.6%€4.6m▲ 1.8%€4.2m▼ 10.4%€4.3m▲ 3.5%
Working capital€0.5m-€0.4m▼ 17.9%€0.4mwithin the sector's middle half▲ 16.7%€0.3mwithin the sector's middle half▼ 35.8%€0.4mwithin the sector's middle half▲ 30.9%€0.4mwithin the sector's middle half▲ 12.0%€0.3mwithin the sector's middle half▼ 18.3%€0.3mwithin the sector's middle half▼ 5.2%
Solvency26.7%-25.7%▼ 1.0pp24.7%within the sector's middle half▼ 1.0pp25.2%within the sector's middle half▲ 0.5pp20.9%within the sector's middle half▼ 4.4pp15.8%below the sector's middle half▼ 5.0pp21.9%within the sector's middle half▲ 6.0pp26.6%within the sector's middle half▲ 4.7pp
Current ratio1.27-1.20▼ 0.061.19within the sector's middle half▼ 0.011.12within the sector's middle half▼ 0.081.11within the sector's middle half▼ 0.011.12within the sector's middle half▲ 0.011.11within the sector's middle half▼ 0.021.10within the sector's middle half▼ 0.01
Return on assets (ROA)1.1%-0.5%▼ 0.6pp1.3%within the sector's middle half▲ 0.7pp1.5%within the sector's middle half▲ 0.3pp0.7%within the sector's middle half▼ 0.8pp-6.0%below the sector's middle half▼ 6.7pp7.2%within the sector's middle half▲ 13.2pp6.8%within the sector's middle half▼ 0.4pp
Staff (FTE)42.9-47.2▲ 10.0%47.2above the sector's middle half=48.9above the sector's middle half▲ 3.6%47.2above the sector's middle half▼ 3.5%47.4above the sector's middle half▲ 0.4%51.1above the sector's middle half▲ 7.8%52.2above the sector's middle half▲ 2.2%
above within below the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.9m
Fixed assets €2.3m ▲ 28.2%
Current assets €3.5m ▲ 0.9%
Equity and liabilities €5.9m
Equity €1.6m ▲ 34.1%
Debt €4.3m ▲ 3.5%
Debt's share of the balance-sheet total falls from 78.1% to 73.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3.5m▲
2024 · €785,220
Cash flow
€3.6m▲
2024 · €788,451
Quick ratio
0.81▲
2024 · 0.58
Debt to equity
2.76▼
2024 · 3.57
ROE
25.4%▼
2024 · 33.0%
Interest coverage
over 100▲
2024 · 35.86
Debt ≤ 1 year
€3.2m▲
2024 · €3.2m
Debt > 1 year
€203,851▼
2024 · €237,776
Income taxes
-€87,316▼
2024 · €594
Staff costs
€3.8m▲
2024 · €3.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 378 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97.4% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
2.4% stopped otherwise
97.4% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 378 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.3m€5.9m▲
Fixed assets21/28€1.8m€2.3m▲
Intangible fixed assets21€0€0.001m▲
Tangible fixed assets22/27€1.8m€2.3m▲
Land and buildings22€0.8m€0.9m▲
Plant, machinery and equipment23€0.8m€1.2m▲
Furniture and vehicles24€0.02m€0.1m▲
Assets under construction and advance payments27€0.2m€0.06m▼
Financial fixed assets28€0.04m€0.05m▲
Current assets29/58€3.5m€3.5m▲
Amounts receivable after more than one year29-€0.1m
Other amounts receivable291-€0.1m
Stocks and contracts in progress3€1.7m€0.9m▼
Contracts in progress37€1.7m€0.9m▼
Amounts receivable within one year40/41€0.8m€1.0m▲
Trade receivables40€0.8m€0.9m▲
Other amounts receivable41€0.01m€0.04m▲
Current investments50/53€0.7m€1.4m▲
Cash at bank and in hand54/58€0.3m€0.1m▼
Deferred charges and accrued income490/1€0.1m€0.09m▼
Equity and liabilities
Total equity and liabilities10/49€5.3m€5.9m▲
Equity10/15€1.2m€1.6m▲
Contributions10/11€0.4m€0.4m=
Reserves13€0.04m€0.04m=
Non-distributable reserves130/1€0.04m€0.04m=
Reserves not available under the articles1311€0.04m€0.04m=
Profit (loss) carried forward14€0.8m€1.1m▲
Investment grants15€0.002m€0.002m=
Amounts payable17/49€4.2m€4.3m▲
Amounts payable after more than one year17€0.2m€0.2m▼
Financial debts170/4€0.2m€0.2m▼
Amounts payable within one year42/48€3.2m€3.2m▲
Current portion of amounts payable after more than one year42€0.4m€0.4m▲
Trade debts44€0.3m€0.3m▲
Suppliers440/4€0.3m€0.3m▲
Advances received on contracts in progress46€1.9m€2.0m▲
Taxes, remuneration and social security45€0.5m€0.5m▲
Taxes450/3€0.04m€0.04m▼
Remuneration and social security454/9€0.5m€0.5m▲
Other amounts payable47/48€0.09m€0▼
Accrued charges and deferred income492/3€0.7m€0.9m▲
Income statement Code20242025
Remuneration, social security and pensions62€3.6m€3.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€3.2m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.001m-€0.03m▼
Other operating charges640/8€0.07m€0.1m▲
Non-recurring operating charges66A€198€0▼
Gross operating margin9900€4.4m€7.3m▲
Operating profit (loss)9901€0.4m€0.3m▼
Financial income75/76B€0.03m€0.03m▲
Recurring financial income75€0.03m€0.03m▲
Financial charges65/66B€0.02m€0.02m▲
Recurring financial charges65€0.02m€0.02m▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€0.4m€0.3m▼
Income taxes67/77€0.001m-€0.09m▼
Profit (loss) for the period9904€0.4m€0.4m▲
Profit (loss) for the period to be appropriated9905€0.4m€0.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.8m€1.1m▲
Profit (loss) brought forward from the previous period14P€0.5m€0.8m▲
Profit to be distributed694/7€0.09m€0▼
Return on contributions (dividend)694€0.05m€0▼
Employees696€0.05m€0▼
Social balance sheet
Average headcount (FTE)908751.152.2▲

The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0.03m€0----
Remuneration, social security and pensions62---€3.0m€3.0m€3.3m€3.6m€3.8m▲ 5.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.2m€0.2m€0.3m€0.4m€0.4m€0.4m€3.2m▲ 679%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€424€0.04m-€0.004m€0.001m-€0.03m-
Other operating charges640/8---€0.07m€0.07m€0.06m€0.07m€0.1m▲ 57.8%
Non-recurring operating charges66A---€0--€198€0▼ 100%
Gross operating margin9900€3.0m€3.2m€3.4m€3.4m€3.5m€3.8m€4.4m€7.3m▲ 65.1%
Operating profit (loss)9901€0.05m€0.03m€0.07m€0.08m€0.06m€0.09m€0.4m€0.3m▼ 20.2%
Financial income75/76B---€22€0.002m€0.02m€0.03m€0.03m▲ 12.8%
Recurring financial income75€92€22€0.001m€22€0.002m€0.02m€0.03m€0.03m▲ 12.8%
Financial charges65/66B---€0.01m€0.02m€0.4m€0.02m€0.02m▲ 6.9%
Recurring financial charges65€0.004m€0.007m€0.01m€0.01m€0.02m€0.3m€0.02m€0.02m▲ 6.9%
Non-recurring financial charges66B-----€0.1m€0--
Profit (loss) for the period before taxes9903€0.04m€0.02m€0.06m€0.07m€0.04m-€0.3m€0.4m€0.3m▼ 19.5%
Income taxes67/77€343€434€355€356€361€0.001m€0.001m-€0.09m-
Profit (loss) for the period9904€0.04m€0.02m€0.06m€0.07m€0.04m-€0.3m€0.4m€0.4m▲ 3.4%
Profit (loss) for the period to be appropriated9905€0.04m€0.02m€0.06m€0.07m€0.04m-€0.3m€0.4m€0.4m▲ 3.4%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€3.8m€4.0m€4.4m€4.6m€5.8m€5.5m€5.3m€5.9m▲ 10.2%
Formation expenses20€0--------
Fixed assets21/28€1.6m€1.8m€1.7m€1.9m€2.1m€1.7m€1.8m€2.3m▲ 28.2%
Intangible fixed assets21€0.01m€0.006m€0.003m€0.06m€0.04m€0.01m€0€0.001m-
Tangible fixed assets22/27€1.5m€1.6m€1.5m€1.7m€1.9m€1.7m€1.8m€2.3m▲ 28.3%
Land and buildings22---€1.0m€0.9m€0.9m€0.8m€0.9m▲ 11.4%
Plant, machinery and equipment23---€0.6m€0.9m€0.8m€0.8m€1.2m▲ 51.6%
Furniture and vehicles24---€0.03m€0.04m€0.03m€0.02m€0.1m▲ 579%
Assets under construction and advance payments27---€0.01m€0-€0.2m€0.06m▼ 65.3%
Financial fixed assets28€0.2m€0.2m€0.2m€0.2m€0.2m€0.04m€0.04m€0.05m▲ 23.8%
Current assets29/58€2.2m€2.2m€2.7m€2.7m€3.7m€3.8m€3.5m€3.5m▲ 0.9%
Amounts receivable after more than one year29-------€0.1m-
Other amounts receivable291-------€0.1m-
Stocks and contracts in progress3€0€1.1m€1.3m€1.3m€1.5m€1.8m€1.7m€0.9m▼ 44.7%
Contracts in progress37---€1.3m€1.5m€1.8m€1.7m€0.9m▼ 44.7%
Amounts receivable within one year40/41€1.0m€0.6m€0.8m€1.0m€1.2m€0.8m€0.8m€1.0m▲ 21.5%
Trade receivables40---€0.8m€1.0m€0.8m€0.8m€0.9m▲ 18.0%
Other amounts receivable41---€0.1m€0.2m€0.005m€0.01m€0.04m▲ 260%
Current investments50/53€0----€0.6m€0.7m€1.4m▲ 96.4%
Cash at bank and in hand54/58€0.5m€0.4m€0.6m€0.4m€0.9m€0.5m€0.3m€0.1m▼ 63.0%
Deferred charges and accrued income490/1---€0.05m€0.07m€0.07m€0.1m€0.09m▼ 8.7%
Equity and liabilities
Total equity and liabilities10/49€3.8m€4.0m€4.4m€4.6m€5.8m€5.5m€5.3m€5.9m▲ 10.2%
Equity10/15€1.0m€1.0m€1.1m€1.2m€1.2m€0.9m€1.2m€1.6m▲ 34.1%
Contributions10/11€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m=
Capital10---€0.4m€0.4m----
Issued capital100---€0.4m€0.4m----
Reserves13€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m=
Non-distributable reserves130/1---€0.04m€0.04m€0.04m€0.04m€0.04m=
Legal reserve130---€0.04m€0.04m----
Reserves not available under the articles1311-----€0.04m€0.04m€0.04m=
Profit (loss) carried forward14€0.6m€0.6m€0.7m€0.8m€0.8m€0.5m€0.8m€1.1m▲ 52.7%
Investment grants15---€0.002m€0.002m€0.002m€0.002m€0.002m=
Provisions and deferred taxes16€0--------
Amounts payable17/49€2.8m€3.0m€3.3m€3.4m€4.6m€4.6m€4.2m€4.3m▲ 3.5%
Amounts payable after more than one year17€0€0.1m€0.1m€0.2m€0.5m€0.3m€0.2m€0.2m▼ 14.3%
Financial debts170/4---€0.2m€0.5m€0.3m€0.2m€0.2m▼ 14.3%
Amounts payable within one year42/48€1.7m€1.8m€2.3m€2.4m€3.3m€3.4m€3.2m€3.2m▲ 1.5%
Current portion of amounts payable after more than one year42---€0.3m€0.3m€0.2m€0.4m€0.4m▲ 9.2%
Financial debts43---€0-----
Credit institutions430/8---€0-----
Trade debts44€0.2m€0.2m€0.2m€0.1m€0.1m€0.1m€0.3m€0.3m▲ 1.0%
Suppliers440/4---€0.1m€0.1m€0.1m€0.3m€0.3m▲ 1.0%
Advances received on contracts in progress46---€1.6m€2.4m€2.6m€1.9m€2.0m▲ 5.0%
Taxes, remuneration and social security45---€0.4m€0.5m€0.5m€0.5m€0.5m▲ 1.8%
Taxes450/3---€0.001m€0.03m€0.05m€0.04m€0.04m▼ 6.9%
Remuneration and social security454/9---€0.4m€0.4m€0.5m€0.5m€0.5m▲ 2.5%
Other amounts payable47/48---€0--€0.09m€0▼ 100%
Accrued charges and deferred income492/3---€0.8m€0.8m€0.9m€0.7m€0.9m▲ 17.6%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.04m€0.02m€0.06m€0.07m€0.04m-€0.3m€0.4m€0.4m▲ 3.4%
+ Depreciation and write-downs630€0.3m€0.2m€0.2m€0.3m€0.4m€0.4m€0.4m€3.2m▲ 679%
Operating cash flow (approximation)€0.3m€0.2m€0.3m€0.4m€0.4m€0.1m€0.8m€3.6m▲ 351%
Investment in fixed assets (approximation)--€0.4m-€0.1m-€0.5m-€0.5m-€0.07m-€0.5m-€3.7m▼ 627%
Change in cash--€0.1m€0.2m-€0.2m€0.5m-€0.4m-€0.3m-€0.2m▲ 36.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 30 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 22-06-2026 2026-00190688
31-12-2024 full format 07-07-2025 2025-00242838
31-12-2023 full format 25-06-2024 2024-00158988
31-12-2022 full format 20-06-2023 2023-00143116
31-12-2021 full format 01-06-2022 2022-20045220
31-12-2020 full format 15-06-2021 2021-19700336
31-12-2019 full format 10-06-2020 2020-15900386
31-12-2018 full format 17-06-2019 2019-19800513
31-12-2017 full format 11-06-2018 2018-18000484
31-12-2016 full format 06-06-2017 2017-14900312

Show all 30 filings

Similar companies · same sector, comparable size

Of the 2,145 active companies whose main activity is other technical testing and analysis (NACE 71209), figures are known for 1,103. 468 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Federal government

2024 · 1 entry · €171,962 in total
Year Department Transactions Amount
2024 FOD Beleid & Ondersteuning 1 €171,962

European Union, budget

2022 to 2025 · 13 entries · €2.6m in total
Year Entries Awarded
2025 3 €0.9m
2022 10 €1.7m
Projects
SUSAAN - SUSTAINABLE ANTIMICROBIAL AND ANTIVIRAL NANOCOATING
Horizon Europe · 01-06-2022 to 30-11-2025 · €556,275
LIKE-A-PRO - FROM NICHE TO MAINSTREAM - ALTERNATIVE PROTEINS FOR EVERYBODY AND EVERYWHERE
Horizon Europe · 01-11-2022 to 31-10-2026 · €531,585
4SIR2 SMOOTHY: BUILDING A HEALTHY DRINK ECOSYSTEM TO PREVENT CHILDHOOD OBESITY
Horizon Europe · 01-09-2025 to 28-02-2030 · €504,588 · 4Sir2
HALOPHYTE BIOREFINERY PROCESS FOR SUSTAINABLE PRODUCTION OF TEXTILES, COMPOSITES, AND HIGH-VALUE BIOCHEMICALS
Horizon Europe · 01-05-2025 to 30-04-2029 · €410,338 · HALO-TEX
SAFE - SMARTAQUA4FUTURE - REDUCING THE ENVIRONMENTAL IMPACT AND IMPROVING THE VIABILITY OF THE FRESHWATER AQUACULTURE BY APPLYING CIRCULAR ECONOMY APPROACHES
Horizon Europe · 01-11-2022 to 31-10-2026 · €342,350
Show 1 more projects
ESTELLA - DESIGN OF BIO-BASED THERMOSET POLYMER WITH RECYCLING CAPABILITY BY DYNAMIC BONDS FOR BIO-COMPOSITE MANUFACTURING
Horizon Europe · 01-06-2022 to 30-11-2025 · €241,351

European research

23 projects · €9.2m EU contribution
Programmes
14 entries · €5.0m
9 entries · €4.2m
Projects
Separation, fractionation and isolation of biologically active natural substances from corn oil and other side streams
Horizon 2020 · participant · 01-06-2018 to 28-02-2023 · €693,648 · EXCornsEED
For a sustainable and european value chain of PHA-based materials for high-volume consumer products
Horizon 2020 · participant · 01-09-2020 to 29-02-2024 · €583,172 · NENU2PHAR
SUStainable Antimicrobial and Antiviral Nanocoating
Horizon Europe · participant · 01-06-2022 to 30-11-2025 · €556,275 · SUSAAN
BENIGN CASCADE EXTRACTIVE BIOREFINERY FOR CONVERTING AGRI-FOOD SIDE STREAMS INTO HIGH-VALUE POLYPHENOLIC BIOACTIVES AND FUNCTIONAL FIBRES FOR PHARMA, COSMECEUTICALS, NUTRACEUTICALS AND FOOD PRODUCTS
Horizon 2020 · participant · 01-06-2021 to 31-05-2024 · €551,500 · PHENOLEXA
CIRCULAR VALORISATION OF GUAYULE BAGASSE AND RESIN FOR CHEMICALLY INNOVATED HIGH-PERFORMANCE RUBBER MATERIALS FOR BIOBASED PRODUCTS (CHIHIRO)
Horizon Europe · participant · 01-05-2026 to 31-01-2030 · €547,654 · CHIHIRO
Show 18 more projects
From niche to mainstream - alternative proteins for everybody and everywhere
Horizon Europe · participant · 01-11-2022 to 31-10-2026 · €531,580 · LIKE-A-PRO
Integrated cascades of PROcesses for the extraction and valorisation of proteins and bioactive molecules from Legumes, Fungi and Coffee agro-industrial side streams
Horizon 2020 · participant · 01-09-2018 to 31-10-2022 · €514,809 · Prolific
4Sir2 Smoothy: Building a Healthy Drink Ecosystem to Prevent Childhood Obesity
Horizon Europe · participant · 01-09-2025 to 28-02-2030 · €504,588 · 4Sir2
MODELLING TOOL FOR GIVING VALUE TO AGRI-FOOD RESIDUAL STREAMS IN BIO-BASED INDUSTRIES
Horizon 2020 · participant · 01-05-2020 to 31-10-2023 · €485,370 · MODEL2BIO
Curing contaminated and saline land with Industrial crops and producing biomass for high-value applications
Horizon Europe · participant · 01-10-2024 to 30-09-2028 · €441,750 · IASIS
Halophyte Biorefinery Process for Sustainable Production of Textiles, Composites, and High-Value Biochemicals
Horizon Europe · participant · 01-05-2025 to 30-04-2029 · €410,338 · HALO-TEX
OCEAN COMPUTATIONAL EXPLORATION AND ANALYTICS FOR THE NOVEL BIOACTIVE MOLECULES’ DISCOVERY AND THEIR EXPLOITATION IN COSMETICS
Horizon Europe · participant · 01-06-2026 to 31-05-2030 · €399,350 · OCEOMICS
Biopolymers with advanced functionalities for building and automotive parts processed through additive manufacturing
Horizon 2020 · participant · 01-05-2017 to 31-10-2020 · €397,188 · BARBARA
Integrated on-farm Aquaponics systems for co-production of fish, halophyte vegetables, bioactive compounds, and bioenergy
Horizon 2020 · participant · 01-10-2019 to 31-12-2023 · €357,875 · AQUACOMBINE
Progressive Solutions for European Feed Autonomy through Sustainable Plant Protein Value Chains
Horizon Europe · participant · 01-10-2026 to 30-09-2030 · €346,663 · ProFEED
MYcelium-based COmplete Protein STRUCTures for Whole-Cut Scale-Up
Horizon Europe · participant · 01-05-2026 to 30-04-2029 · €346,022 · MycoStruct
SmartAqua4FuturE - SAFE
Horizon Europe · participant · 01-11-2022 to 31-10-2026 · €342,350 · SAFE
ECO sustainable multi FUNctional biobased COATings with enhanced performance and end of life options
Horizon 2020 · participant · 01-05-2019 to 31-07-2022 · €324,925 · ECOFUNCO
Advanced Filtration TEchnologies for the Recovery and Later conversIon of relevant Fractions from wastEwater
Horizon 2020 · participant · 01-09-2017 to 28-02-2022 · €309,876 · AFTERLIFE
ALGANOVA – Advanced aLGAe biorefiNery for circular prOtein and food ingredient production through CO2 and food by-products VAlorisation
Horizon Europe · participant · 01-06-2026 to 31-05-2030 · €294,000 · ALGANOVA
DESign of bio-based Thermoset polymer with rEcycLing capabiLity by dynAmic bonds for bio-composite manufacturing
Horizon Europe · participant · 01-06-2022 to 30-11-2025 · €241,350 · ESTELLA
Biocarbon based Polymers for Sustainable Material Development
Horizon Europe · associated partner · 01-03-2023 to 30-11-2027 · D-Carbonize
Mapping the Uncharted Human Metabolism for Novel Food Bioactives
Horizon Europe · associated partner · 01-11-2025 to 31-10-2029 · BioTransform

Public contracts

2 awards · 2019 to 2025
ondersteuning bij opstellen van bestekken textiel en uitvoeren van laboratoriumtesten textiel: 2025 R3 014 - perceel 1
buyer: Federale PolitieArchitectural, engineering and inspection servicesawarded 12-08-2025€380,1601 tenderTED 551097-2025
Station d'épuration de Liège-Sclessin — Valorisation en agriculture par épandage contrôlé des boues d'épuration: Prélèvements et analyses des boues
buyer: L'association intercommunale pour le démergement et l'épurationSewage, refuse, cleaning and environmental servicesawarded 01-01-2019€17,7481 tenderTED 122687-2019

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.

Directors

Directors
16 directors, last change in 2026

Board 16

CIECHANOWSKI Xavier Georges Gaston
Director (not named in the articles) · since 31-01-2024
Current
GENOT Bernard Joseph Véronique
Director (not named in the articles) · since 31-01-2024
Current
JACQUEMIN Philippe Marie Michel Nicolas
Director (not named in the articles) · since 31-01-2024
Current
LANGE Fabrice Céleste Gisèle Ghislain
Director (not named in the articles) · since 31-01-2024
Current
LEFEBVRE Pierre Marie Yves Roger Ghislain
Director (not named in the articles) · since 31-01-2024
Current
LIFRANGE Thibaut Frédéric Paul Marc
Director (not named in the articles) · since 31-01-2024
Current
REUL Anne Jeanne Emma
Director (not named in the articles) · since 31-01-2024
Current
ROBERT Christophe Claude Emmanuel Marie
Director (not named in the articles) · since 31-01-2024
Current
Show all 16 directors
SCHIFFLERS Patrick Paul Nicolas Ghislain
Director (not named in the articles) · since 31-01-2024
Current
Jan Laperre
Director · since 21-05-2026
Current
Pol Lombaert
Director · since 21-05-2026
Current
Bruno STIERNON
Director · since 04-09-2024 · from a recent deed
Current
Mickaël BLAISĚ
Director · since 04-09-2024 · from a recent deed
Current
Olivier ROISEUX
Director · since 04-09-2024 · from a recent deed
Current
SA Sparaxis
Director · since 04-09-2024 · Legal entity · from a recent deed
Current
SA WE Accompagnement et Stratégie
Director · since 04-09-2024 · Legal entity · from a recent deed
Current

Other functions 1

HOUET Yves Marie José Jacques Ghislain
Director (executive) · since 31-01-2024
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
16 of this company's 19 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

21 people since 2022, 17 in office
Show
  • Board
  • Other function
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
CIECHANOWSKI Xavier Georges Gaston
  • Director (not named in the articles), from 31-01-2024 to date
GENOT Bernard Joseph Véronique
  • Director (not named in the articles), from 31-01-2024 to date
JACQUEMIN Philippe Marie Michel Nicolas
  • Director (not named in the articles), from 31-01-2024 to date
LANGE Fabrice Céleste Gisèle Ghislain
  • Director (not named in the articles), from 31-01-2024 to date
LEFEBVRE Pierre Marie Yves Roger Ghislain
  • Director (not named in the articles), from 31-01-2024 to date
LIFRANGE Thibaut Frédéric Paul Marc
  • Director (not named in the articles), from 31-01-2024 to date
REUL Anne Jeanne Emma
  • Director (not named in the articles), from 31-01-2024 to date
ROBERT Christophe Claude Emmanuel Marie
  • Director (not named in the articles), from 31-01-2024 to date
SCHIFFLERS Patrick Paul Nicolas Ghislain
  • Director (not named in the articles), from 31-01-2024 to date
Bruno STIERNONfrom an act
  • Director, from 04-09-2024 to date
Mickaël BLAISĚfrom an act
  • Director, from 04-09-2024 to date
Olivier ROISEUXfrom an act
  • Director, from 04-09-2024 to date
SA Sparaxisfrom an act
  • Director, from 04-09-2024 to date
SA WE Accompagnement et Stratégiefrom an act
  • Director, from 04-09-2024 to date
Jan Laperre
  • Director, from 21-05-2026 to date
Pol Lombaert
  • Director, from 21-05-2026 to date
HOUET Yves Marie José Jacques Ghislain
  • Director (executive), from 31-01-2024 to date
Christophe ROBERT
  • Director, until 04-09-2024
Patrick SCHIFFLERS
  • Director, until 04-09-2024
Xavier CIECHANOWSKI
  • Director, until 04-09-2024
Franck LECOMPTE
  • Director, until 09-12-2022
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 31-01-2024 Converted to unavailable equity · €371,840.29

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the 2022 annual accounts of CELABOR and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

16 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 13 July 1995, CELABOR was incorporated.1 Since 2024 the company has been called CELABOR.2 Total assets went from €3.8m in 2018 to €5.9m in 2025 and headcount from 42.9 to 52.2 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 31-01-2024
  3. 3National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
12-08
Gazette deed Appointments: Jan Laperre (director) and Pol Lombaert (director)
3 facts ▸
  • General meeting, 21-05-2026
  • Director appointment, Jan Laperre (director)
  • Director appointment, Pol Lombaert (director)
22-06
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial Highest result from 2018 to 2025net €396,523 ▲3.4%
Net result €396,523, the highest in the series.
07-07
NBB filing Annual accounts filed
financial year 2024 · full format
2024
31-12
Financial Back to profitnet €383,552
Net result €383,552 after one loss-making year.
31-12
Financial Equity above €1mequity €1.2m ▲33.2%
Equity rises from €873,992 to €1.2m.
04-09
Gazette deed Appointments: SA Sparaxis, SA WE Accompagnement et Stratégie and 3 others
Permanent representatives: Fabrice LANGE and Sébastien GILLET · Resignations: Franck LECOMPTE, Xavier CIECHANOWSKI and 2 others · Reappointments: Anne REUL, Pierre LEFEBVRE and 2 others18 facts ▸
  • General meeting, 16-05-2024
  • Director appointment, SA Sparaxis (director)
  • Permanent representative, Fabrice LANGE
  • Director appointment, SA WE Accompagnement et Stratégie (director)
  • Permanent representative, Sébastien GILLET
  • Other provision, “Administrateur, remplacement proposé” (deed in French)
  • Director resignation, Franck LECOMPTE (director)
  • Director appointment, Bruno STIERNON (director)
  • Director resignation, Xavier CIECHANOWSKI (director)
  • Director appointment, Mickaël BLAISĚ (director)
  • Director resignation, Patrick SCHIFFLERS (director)
  • Director appointment, Olivier ROISEUX (director)
  • +6 further facts in this act
25-06
NBB filing Annual accounts filed
financial year 2023 · full format
31-01
Gazette deed Appointments: CIECHANOWSKI Xavier Georges Gaston, JACQUEMIN Philippe Marie Michel Nicolas and 8 others
Name change · Declaration · Amendment of the articles21 facts ▸
  • General meeting, 23-01-2024
  • Name change, CELABOR
  • Other provision, 2024-01
  • Declaration, “connaissance rapport, actionnaire” (deed in French)
  • Amendment of the articles (2 times)
  • Legal-form conversion, “société à responsabilité limitée” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Capital
  • Power of attorney
  • Power of attorney, Anne-Catherine GOBLET
  • Director appointment, CIECHANOWSKI Xavier Georges Gaston (director (not named in the articles))
  • Director appointment, JACQUEMIN Philippe Marie Michel Nicolas (director (not named in the articles))
  • +9 further facts in this act
2023
31-12
Financial Weakest financial yearnet -€328,861
Net result drops to -€328,861, the lowest in the series; recovery starts the following year.
20-06
NBB filing Annual accounts filed
financial year 2022 · full format
2022
01-06
NBB filing Annual accounts filed
financial year 2021 · full format
Show earlier events
2021
15-06
NBB filing Annual accounts filed
financial year 2020 · full format
2020
10-06
NBB filing Annual accounts filed
financial year 2019 · full format
2019
17-06
NBB filing Annual accounts filed
financial year 2018 · full format
2018
11-06
NBB filing Annual accounts filed
financial year 2017 · full format
2017
06-06
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 30 annual accounts filed, the latest 10 are here; all 30 are under Financials.
3 of 19 deeds read
About the unread acts

Of the 19 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded13-07-1995
Financial year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID 0208:0455511010
Also 9925:BE0455511010
Registered 17-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Herve · 2 establishment units since 1995
registered office establishment All 2 establishment units on the map
Ground area
1.7 ha
Building footprint
5,811 m²
Building volume
43,782 m³
2 parcels, Wallonia · tallest building 13.8 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
2 establishment units
Avenue du Parc 38, 4650 Herve
Other technical testing and analysis
since 1995unit no. 2.073.532.574
CELABOR
Industriëlaan 60, 7700 MouscronOther technical testing and analysis
since 2007unit no. 2.164.349.518
2 parcels
Wallonia 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
63014A0417/00W000 Wallonia 1.6 ha 1 · 5,471 m² 13.8 m · 3
54007B0677/00H000 Wallonia 680 m² 1 · 339 m² -
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“La recherche,le conseil et le service aux entreprises,et spécialement aux petites et moyennes entreprises dans les matières…” (deed in French)
8 activities (deed in French)
  1. La recherche,le conseil et le service aux entreprises,et spécialement aux petites et moyennes entreprises dans les matières techniques,technologiques et scientifiques dans sa plus large acception,en ce compris par le biais de la formation professionnelle,de contrats de recherche et développement,de conseil en gestion et en systèmes organisationnels
  2. La réalisation de missions d'audit,de contrôle,d'expertise,d’analyse d'études de stratégie
  3. L’information et la promotion des technologies nouvelles auprès des entreprises,et spécialement des petites et moyennes entreprises
  4. La diffusion,la transmission et l'application sur sites des technologies nouvelles dans les entreprises
  5. La réalisation d'études de positionnement et de marché,en ce compris,le cas échéant,la conception et la réalisation de systèmes de suivi ad hoc
  6. La coopération au développement notamment via la formation
  7. La collaboration avec les institutions scientifiques et techniques existant en Belgique et à l'étranger
  8. La veille scientifique et technologique

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
CELABOR
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, simple décision organe d'administration,Belgique/étranger” (deed in French)

deed of 31-01-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“8, choisi parmi membres majorité trois quarts voix présentes/représentées” (deed in French)
“Fixe ou proportionnelle, frais généraux indépendamment frais représentation/voyages/déplacements” (deed in French)

deed of 31-01-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, usufruitier et nu-propriétaire séparément droits respectifs” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Prix notification initiale, moitié cédant,moitié acquéreurs au prorata si plusieurs” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
One provision in the deed

deed of 31-01-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Tout temps, décision assemblée générale formes modifications statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Quelque cause et moment, administrateur(s) en fonction comme liquidateur(s) si aucun autre désigné” (deed in French)

deed of 31-01-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Capital: “€371.840,29” (deed in French)
Other provision: “Appels de fonds, détermine versements ultérieurs espèces non libérées selon besoins” (deed in French)
Other provision: “Indivisibilité des titres, disposition spéciale contraire statuts/testament/convention” (deed in French)
Other provision: “Gestion journalière, en tout temps” (deed in French)
Other provision: “Contrôle, 3 ans” (deed in French)
Other provision: “Tenue et convocation assemblée, remise premier jour ouvrable suivant” (deed in French)
Other provision: “Moyen de communication électronique mis à disposition par société, assemblée_générale_électronique” (deed in French)
Other provision: “Séances_procès-verbaux, signées par membre(s) organe administration ayant représentation” (deed in French)
Other provision: “Chaque action une voix sauf actions sans droit vote, délibérations” (deed in French)
Other provision: “N’annule pas autres décisions sauf AG contraire, prorogation” (deed in French)
Other provision: “Répartition_réserves, chaque action droit égal bénéfices” (deed in French)
Other provision: “Élection de domicile, siège pour tout actionnaire administrateur commissaire liquidateur porteur obligations domicilié étranger sans autre…” (deed in French)
Other provision: “Compétence judiciaire, société actionnaires administrateurs commissaires liquidateurs affaires société exécution statuts” (deed in French)
Other provision: “Droit commun, dispositions CSA non-dérogeables réputées inscrites,clauses contraires impératives censées non écrites” (deed in French)
3 more provisions in the deed, see the deed of 31-01-2024

deed of 31-01-2024