CELACOR
ActiveSummary
CELACOR has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,439 and a net result of -€11,662. Equity is growing by ~21.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
The operating result stays negative: a loss of €10,051 in 2025 against €1,479 in 2024; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 2,507 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,680 | €13,680 | €13,680 | €13,680 | €14,807 | €17,570 | €18,477 | ▲ 5.2% |
| Other operating charges640/8 | - | - | - | €3,577 | €2,201 | €2,540 | €2,546 | ▲ 0.3% |
| Gross operating margin9900 | €254,700 | -€843 | €12,249 | €9,975 | -€324 | €18,631 | €10,973 | ▼ 41.1% |
| Operating profit (loss)9901 | €237,435 | -€18,394 | -€4,706 | -€7,283 | -€17,332 | -€1,479 | -€10,051 | ▼ 580% |
| Financial income75/76B | - | - | - | €186 | - | €0 | €0 | ▲ 50.0% |
| Recurring financial income75 | - | - | €1 | €186 | - | €0 | €0 | ▲ 50.0% |
| Financial charges65/66B | - | - | - | €992 | €1,226 | €2,027 | €1,611 | ▼ 20.5% |
| Recurring financial charges65 | €4,489 | €1,319 | €1,019 | €992 | €1,226 | €2,027 | €1,611 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | €232,946 | -€19,714 | -€5,724 | -€8,089 | -€18,558 | -€3,506 | -€11,662 | ▼ 233% |
| Income taxes67/77 | - | - | - | - | - | €0 | €0 | ▲ 50.0% |
| Profit (loss) for the period9904 | €232,946 | -€19,714 | -€5,724 | -€8,089 | -€18,558 | -€3,506 | -€11,662 | ▼ 233% |
| Profit (loss) for the period to be appropriated9905 | €232,946 | -€19,714 | -€5,724 | -€8,089 | -€18,558 | -€3,506 | -€11,662 | ▼ 233% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €505,641 | €557,254 | €545,695 | €533,929 | €672,864 | €602,305 | €585,316 | ▼ 2.8% |
| Fixed assets21/28 | €494,800 | €546,120 | €532,440 | €518,760 | €658,443 | €591,197 | €573,843 | ▼ 2.9% |
| Tangible fixed assets22/27 | €494,800 | €546,120 | €532,440 | €518,760 | €658,443 | €591,197 | €573,843 | ▼ 2.9% |
| Land and buildings22 | - | - | - | €518,760 | €658,443 | €591,197 | €573,843 | ▼ 2.9% |
| Current assets29/58 | €10,841 | €11,134 | €13,255 | €15,169 | €14,420 | €11,108 | €11,473 | ▲ 3.3% |
| Amounts receivable within one year40/41 | €9,500 | €9,500 | €10,850 | €9,500 | €9,500 | €9,500 | €9,500 | = |
| Other amounts receivable41 | - | - | - | €9,500 | €9,500 | €9,500 | €9,500 | = |
| Cash at bank and in hand54/58 | €1,201 | €1,449 | €1,748 | €633 | €4,815 | €1,418 | €1,771 | ▲ 24.9% |
| Deferred charges and accrued income490/1 | - | - | - | €5,036 | €105 | €190 | €202 | ▲ 6.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €505,641 | €557,254 | €545,695 | €533,929 | €672,864 | €602,305 | €585,316 | ▼ 2.8% |
| Equity10/15 | €19,691 | €64,977 | €59,253 | €51,165 | €132,607 | €114,101 | €102,439 | ▼ 10.2% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | - | - | - | €200,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | - | - | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Uncalled capital101 | - | - | - | €100,000 | - | - | - | - |
| Revaluation surpluses12 | - | - | - | €65,000 | €65,000 | €50,000 | €50,000 | = |
| Reserves13 | €27,174 | €27,174 | €27,174 | €27,174 | €27,174 | €27,174 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €27,174 | €27,174 | €27,174 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€207,483 | -€227,197 | -€232,921 | -€241,009 | -€259,567 | -€263,073 | -€247,561 | ▲ 5.9% |
| Amounts payable17/49 | €485,951 | €492,277 | €486,441 | €482,764 | €540,257 | €488,204 | €482,876 | ▼ 1.1% |
| Amounts payable after more than one year17 | €224,208 | €217,485 | €210,502 | €203,554 | €97,019 | €90,007 | €82,460 | ▼ 8.4% |
| Financial debts170/4 | - | - | - | €203,554 | €97,019 | €90,007 | €82,460 | ▼ 8.4% |
| Amounts payable within one year42/48 | €261,743 | €274,792 | €275,939 | €279,210 | €442,351 | €397,209 | €399,403 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,963 | €6,635 | €7,015 | €7,522 | ▲ 7.2% |
| Trade debts44 | - | - | - | €303 | €113,651 | €159 | €355 | ▲ 124% |
| Suppliers440/4 | - | - | - | €303 | €113,651 | €159 | €355 | ▲ 124% |
| Other amounts payable47/48 | - | - | - | €271,944 | €322,065 | €390,036 | €391,526 | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €887 | €988 | €1,014 | ▲ 2.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €232,946 | -€19,714 | -€5,724 | -€8,089 | -€18,558 | -€3,506 | -€11,662 | ▼ 233% |
| + Depreciation and write-downs630 | €13,680 | €13,680 | €13,680 | €13,680 | €14,807 | €17,570 | €18,477 | ▲ 5.2% |
| Operating cash flow (approximation) | €246,626 | -€6,034 | €7,956 | €5,591 | -€3,751 | €14,065 | €6,816 | ▼ 51.5% |
| Investment in fixed assets (approximation) | - | -€65,000 | €0 | €0 | -€154,491 | €49,676 | -€1,124 | ▼ 102% |
| Change in cash | - | €248 | €299 | -€1,115 | €4,183 | -€3,398 | €353 | ▲ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.