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CELACOR

Active
Public limited companyfounded 199333 yrs activeKrekeldries 12, 3600 Genk, BelgiumKBO/BCE: BE 0450.831.749
Summary

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).

Overview

Activity
Activity not known1 site
Size
€585,316total assets 2025
Equity
€102,439
Loss
-€11,662
Turnover not published (abridged schema)
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Board
1 member
Accounts 24 d early1 of 5 deeds read
Why 86- Liquidity: current ratio 0.03, cash €1,771+ Size: total assets €585,316+ Figures for FY 2025 (filed 07-01-2026)+ Founded in 1993Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 25% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency 43-1
equity 17.5% of total assets
Liquidity 14-1
short-term debt 68.2% · cash 0.3%
Profitability 60-8
return on assets -2.0%
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).

Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%▲ +18.5% vs 11-2024 01-2025: 0.3%▲ +53.2% vs 12-2024 02-2025: 0.2%▼ -33.0% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%▲ +3.7% vs 10-2025 12-2025: 0.2%▲ +6.1% vs 11-2025 01-2026: 0.3%▲ +61.9% vs 12-2025highest value 02-2026: 0.2%▼ -47.4% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%● 0.0% vs 03-2026 05-2026: 0.2%● 0.0% vs 04-2026 06-2026: 0.2%● 0.0% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Size: total assets €585,316 lowers the probability for this profile
  • Liquidity: current ratio 0.03, cash €1,771 raises the probability
  • Figures for FY 2025 (filed 07-01-2026) lowers the probability
  • Founded in 1993 lowers the probability for this profile
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.03 in 2024; short-term debt: 68.2% and cash: 0.3% of total assets), and 82.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 27%, liquidity 10%, profitability 40%, growth against the median 24%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €585,316
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.03, cash €1,771
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 07-01-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1993
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€11,662
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 d early
2024
10 d early
2023
27 d early
2022
28 d early
2021
42 d early
2020
2 d early
2019
93 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 4 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: VANBEUREN Myrjam Irma Catharina Rita…Appointment: MEEKERS Evelyne Myrjam Riet…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Financials · fiscal year 2025, abbreviated schema

Equity
€102,439▼ 10.2%
2024 · €114,101
Total assets
€585,316▼ 2.8%
2024 · €602,305
Net result
-€11,662▼ 233%
2024 · -€3,506
Working capital
-€387,930▼ 0.5%
2024 · -€386,101
Trend over the years

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.

Operating result-€10,051 2025 Net result-€11,662 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€237,435--€18,394-€4,706▲ 74.4%-€7,283▼ 54.8%-€17,332▼ 138%-€1,479▲ 91.5%-€10,051▼ 580%
Net result€232,946--€19,714-€5,724▲ 71.0%-€8,089▼ 41.3%-€18,558▼ 129%-€3,506▲ 81.1%-€11,662▼ 233%
Equity€19,691-€64,977▲ 230%€59,253▼ 8.8%€51,165▼ 13.7%€132,607▲ 159%€114,101▼ 14.0%€102,439▼ 10.2%
Total assets€505,641-€557,254▲ 10.2%€545,695▼ 2.1%€533,929▼ 2.2%€672,864▲ 26.0%€602,305▼ 10.5%€585,316▼ 2.8%
Debt€485,951-€492,277▲ 1.3%€486,441▼ 1.2%€482,764▼ 0.8%€540,257▲ 11.9%€488,204▼ 9.6%€482,876▼ 1.1%
Working capital-€250,901--€263,658▼ 5.1%-€262,685▲ 0.4%-€264,041▼ 0.5%-€427,931▼ 62.1%-€386,101▲ 9.8%-€387,930▼ 0.5%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €585,316
Fixed assets €573,843 ▼ 2.9%
Current assets €11,473 ▲ 3.3%
Equity and liabilities €585,316
Equity €102,439 ▼ 10.2%
Debt €482,876 ▼ 1.1%
Debt's share of the balance-sheet total rises from 81.1% to 82.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€8,426▼
2024 · €16,091
Cash flow
€6,816▼
2024 · €14,065
Current ratio
0.03▲
2024 · 0.03
Debt to equity
4.71▲
2024 · 4.28
ROE
-11.4%▼
2024 · -3.1%
ROA
-2.0%▼
2024 · -0.6%
Interest coverage
5.23▼
2024 · 7.94
Debt ≤ 1 year
€399,403▲
2024 · €397,209
Debt > 1 year
€82,460▼
2024 · €90,007
Income taxes
€0▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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
1.6% went bankrupt
1.8% stopped otherwise
96% still going

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%.

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% 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€602,305€585,316▼
Fixed assets21/28€591,197€573,843▼
Tangible fixed assets22/27€591,197€573,843▼
Land and buildings22€591,197€573,843▼
Current assets29/58€11,108€11,473▲
Amounts receivable within one year40/41€9,500€9,500=
Other amounts receivable41€9,500€9,500=
Cash at bank and in hand54/58€1,418€1,771▲
Deferred charges and accrued income490/1€190€202▲
Equity and liabilities
Total equity and liabilities10/49€602,305€585,316▼
Equity10/15€114,101€102,439▼
Contributions10/11€300,000€300,000=
Capital10€300,000€300,000=
Issued capital100€300,000€300,000=
Revaluation surpluses12€50,000€50,000=
Reserves13€27,174€0▼
Distributable reserves133€27,174€0▼
Profit (loss) carried forward14-€263,073-€247,561▲
Amounts payable17/49€488,204€482,876▼
Amounts payable after more than one year17€90,007€82,460▼
Financial debts170/4€90,007€82,460▼
Amounts payable within one year42/48€397,209€399,403▲
Current portion of amounts payable after more than one year42€7,015€7,522▲
Trade debts44€159€355▲
Suppliers440/4€159€355▲
Other amounts payable47/48€390,036€391,526▲
Accrued charges and deferred income492/3€988€1,014▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,570€18,477▲
Other operating charges640/8€2,540€2,546▲
Gross operating margin9900€18,631€10,973▼
Operating profit (loss)9901-€1,479-€10,051▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2,027€1,611▼
Recurring financial charges65€2,027€1,611▼
Profit (loss) for the period before taxes9903-€3,506-€11,662▼
Income taxes67/77€0€0▲
Profit (loss) for the period9904-€3,506-€11,662▼
Profit (loss) for the period to be appropriated9905-€3,506-€11,662▼
Appropriation of the result
Profit (loss) to be appropriated9906-€263,073-€274,735▼
Profit (loss) brought forward from the previous period14P-€259,567-€263,073▼
Transfer from equity791/2-€27,174
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
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%
Line2019202020212022202320242025Change
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%
Line2019202020212022202320242025Change
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.

Download as CSV

Directors

Directors
1 director, last change in 2026
MEEKERS Evelyne Myrjam Riet Adriane
Director · since 10-07-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MEEKERS Evelyne Myrjam Riet Adriane
  • Director, from 10-07-2026 to date
VANBEUREN Myrjam Irma Catharina Rita Anna
  • Director, until 17-07-2026
See the board, name and seat on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

1 current director
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, scroll to zoom.

History

CELACOR was incorporated on 1 September 1993.1 Since 2026 the company has been called CELACOR.2 MEEKERS Evelyne Myrjam Riet Adriane has served as director of the company since 2026.2 Total assets rose from €505,641 in 2019 to €585,316 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 17-07-2026
  3. 3National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
17-07
State Gazette act Resignation: VANBEUREN Myrjam Irma Catharina Rita Anna (director)
Appointment: MEEKERS Evelyne Myrjam Riet Adriane (director) · Name change · Purpose change10 facts ▸
  • General meeting, 10-07-2026
  • Name change, CELACOR
  • Other statement, kennisname artikel 2:3 WVV, algemene vergadering
  • Other statement, vrijstelling voorlezing verslag bestuursorgaan, ontslaat de voorzitter van het voorlezen
  • Other statement, ontvangst en kennisname verslag bestuursorgaan, algemene vergadering
  • Purpose change
  • Director resignation, VANBEUREN Myrjam Irma Catharina Rita Anna (director)
  • Director appointment, MEEKERS Evelyne Myrjam Riet Adriane (director)
  • Power of attorney
  • Power of attorney, Liselotte SCHOTSMANS
07-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-01
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial Equity above €100,000Eq €132,607 ▲159%
Equity rises from €51,165 to €132,607.
03-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
29-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial Weakest financial yearnet -€19,714
Net result drops to -€19,714, the lowest in the series; recovery starts the following year.
2019
30-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 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 formPublic limited company
Founded01-09-1993
Fiscal year end30-06
Legal name NL FORUM
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450831749
Also 9925:BE0450831749
Registered 12-03-2025

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

Register as of 6 October 2026 · Peppol Directory

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

Sites & property

Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
1,213 m²
Building footprint
222 m²
Volume, LiDAR
1,302 m³
Parcel 71016I1140/02B000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
CELACOR
Krekeldries 12, 3600 GenkInsurance, reinsurance and pension funding, except compulsory social security
since 1994unit no. 2.065.035.275
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71016I1140/02B000 Flanders 1,213 m² 1 · 221 m² 9.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Articles of association

What the company does

Name clauseThe name the company operates under according to its articles.
CELACOR

deed of 17-07-2026

Meetings and financial year

Financial yearThe twelve-month period the company draws up its annual accounts for.
From 1 January to 31 December
Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of June at 16:00; the first on 30-06-2028

deed of 17-07-2026