CELAVI
Bankruptcy closedFrom the official registers: KBO 48 annual accounts at the National Bank publications in the Belgian Official Gazette
Inactive since 17-07-2026; last annual accounts for financial year 2024.
Summary
CELAVI was declared bankrupt on 11-07-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 30-06-2026, published in the Belgian Official Gazette on 22-07-2026.
Financials · financial year 2024, micro format
Latest annual accounts filed
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 16-06-2025
- Format
- micro format
- Reference
- 2025-00141454
Turnover
≈ €75,000
Estimated: probably between €34,000 and €180,000
EBIT margin
Not included in this filing
Net result
-€177,472
2023 · €7,534
Working capital
-€21,486
2023 · €191,962
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €176,113 after €5,600 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€176,113
2024
Net result-€177,472
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€285,307
2024
Equity-€12,193
2024
Debt€297,500
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€21,486
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)4.3
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€6,057-€10,558▲ 74.3%-€76,310€5,458-€13,723€5,600-€176,113
Net result€2,417-€9,338▲ 286%-€74,474€9,781-€16,059€7,534-€177,472
Equity€229,158-€238,496▲ 4.1%€164,022▼ 31.2%€173,803▲ 6.0%€157,744▼ 9.2%€165,279▲ 4.8%-€12,193
Total assets€375,220-€513,800▲ 36.9%€444,435▼ 13.5%€357,962▼ 19.5%€398,031▲ 11.2%€416,906▲ 4.7%€285,307▼ 31.6%
Debt€146,062-€275,304▲ 88.5%€280,413▲ 1.9%€184,158▼ 34.3%€240,287▲ 30.5%€251,627▲ 4.7%€297,500▲ 18.2%
Working capital€179,558-€202,171▲ 12.6%€150,672▼ 25.5%€248,505▲ 64.9%€204,094▼ 17.9%€191,962▼ 5.9%-€21,486
Staff (FTE)3-2.7▼ 10.0%2.4▼ 11.1%3.6▲ 50.0%4.8▲ 33.3%4.6▼ 4.2%4.3▼ 6.5%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285,307
Fixed assets
€20,794 ▲ 176%
Current assets
€264,513 ▼ 35.4%
Equity and liabilities
Equity-€12,193
Debt€297,500
Equity is negative: debt (€297,500) exceeds the balance-sheet total (€285,307).
Key figures and ratios
EBITDA
-€172,086▼
2023 · €8,247
Cash flow
-€173,445▼
2023 · €10,181
Solvency
-4.3%▼
2023 · 39.6%
Current ratio
0.92▼
2023 · 1.88
Quick ratio
0.06▲
2023 · 0.06
ROA
-62.2%▼
2023 · 1.8%
Interest coverage
-70.74▼
2023 · 3.76
Debt ≤ 1 year
€285,999▲
2023 · €217,422
Debt > 1 year
€11,501▼
2023 · €34,205
Staff costs
€170,965▲
2023 · €139,745
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €78,008 | €98,392 | €139,745 | €170,965 | ▲ 22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,951 | €21,639 | €20,052 | €16,856 | €2,647 | €2,647 | €4,027 | ▲ 52.1% |
| Other operating charges640/8 | - | - | - | €823 | €850 | €944 | €10,841 | ▲ 11× |
| Gross operating margin9900 | €89,941 | €112,564 | -€6,469 | €101,145 | €88,166 | €148,937 | €9,720 | ▼ 93.5% |
| Operating profit (loss)9901 | €6,057 | €10,558 | -€76,310 | €5,458 | -€13,723 | €5,600 | -€176,113 | - |
| Financial income75/76B | - | - | - | €6,484 | - | €4,126 | €1,074 | ▼ 74.0% |
| Recurring financial income75 | - | - | €5,909 | €6,484 | - | €4,126 | €1,074 | ▼ 74.0% |
| Financial charges65/66B | - | - | - | €2,161 | €2,336 | €2,192 | €2,433 | ▲ 11.0% |
| Recurring financial charges65 | €660 | €1,020 | €1,766 | €2,161 | €2,336 | €2,192 | €2,433 | ▲ 11.0% |
| Profit (loss) for the period before taxes9903 | €5,397 | €9,538 | -€72,167 | €9,781 | -€16,059 | €7,534 | -€177,472 | - |
| Income taxes67/77 | €2,980 | €200 | €2,306 | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,417 | €9,338 | -€74,474 | €9,781 | -€16,059 | €7,534 | -€177,472 | - |
| Profit (loss) for the period to be appropriated9905 | €2,417 | €9,338 | -€74,474 | €9,781 | -€16,059 | €7,534 | -€177,472 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €375,220 | €513,800 | €444,435 | €357,962 | €398,031 | €416,906 | €285,307 | ▼ 31.6% |
| Fixed assets21/28 | €53,873 | €37,324 | €17,272 | €3,746 | €10,168 | €7,521 | €20,794 | ▲ 176% |
| Tangible fixed assets22/27 | €52,716 | €36,167 | €16,114 | €2,588 | €9,010 | €6,364 | €19,637 | ▲ 209% |
| Furniture and vehicles24 | - | - | - | €380 | €645 | €228 | - | - |
| Other tangible fixed assets26 | - | - | - | €2,208 | €8,365 | €6,136 | €19,637 | ▲ 220% |
| Financial fixed assets28 | €1,158 | €1,158 | €1,158 | €1,158 | €1,158 | €1,158 | €1,158 | = |
| Current assets29/58 | €321,347 | €476,475 | €427,164 | €354,216 | €387,863 | €409,384 | €264,513 | ▼ 35.4% |
| Stocks and contracts in progress3 | €298,266 | €431,555 | €410,035 | €303,479 | €379,485 | €396,965 | €246,657 | ▼ 37.9% |
| Stocks30/36 | - | - | - | €303,479 | €379,485 | €396,965 | €246,657 | ▼ 37.9% |
| Amounts receivable within one year40/41 | - | €1,569 | €478 | - | €2,670 | €1,902 | - | - |
| Trade receivables40 | - | - | - | - | - | €1,902 | - | - |
| Other amounts receivable41 | - | - | - | - | €2,670 | - | - | - |
| Cash at bank and in hand54/58 | €23,081 | €31,867 | €16,650 | €49,460 | €5,708 | €10,017 | €17,856 | ▲ 78.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,277 | - | €500 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €375,220 | €513,800 | €444,435 | €357,962 | €398,031 | €416,906 | €285,307 | ▼ 31.6% |
| Equity10/15 | €229,158 | €238,496 | €164,022 | €173,803 | €157,744 | €165,279 | -€12,193 | - |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | - | - | - |
| Issued capital100 | - | - | - | €20,000 | €20,000 | - | - | - |
| Reserves13 | €156,823 | €156,823 | €156,823 | €156,823 | €156,823 | €156,823 | €44,823 | ▼ 71.4% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | - | - | - |
| Legal reserve130 | - | - | - | €2,000 | €2,000 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €44,823 | €44,823 | €44,823 | €44,823 | = |
| Distributable reserves133 | - | - | - | €110,000 | €110,000 | €112,000 | - | - |
| Profit (loss) carried forward14 | €52,336 | €61,673 | -€12,800 | -€3,019 | -€19,078 | -€11,544 | -€77,016 | ▼ 567% |
| Amounts payable17/49 | €146,062 | €275,304 | €280,413 | €184,158 | €240,287 | €251,627 | €297,500 | ▲ 18.2% |
| Amounts payable after more than one year17 | €4,272 | €999 | - | €78,448 | €56,518 | €34,205 | €11,501 | ▼ 66.4% |
| Financial debts170/4 | - | - | - | €78,448 | €56,518 | €34,205 | €11,501 | ▼ 66.4% |
| Amounts payable within one year42/48 | €141,789 | €274,304 | €276,492 | €105,711 | €183,769 | €217,422 | €285,999 | ▲ 31.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,363 | €24,744 | €25,136 | €25,529 | ▲ 1.6% |
| Trade debts44 | €105,589 | €244,431 | €215,507 | €49,486 | €130,428 | €115,387 | €143,053 | ▲ 24.0% |
| Suppliers440/4 | - | - | - | €49,486 | €130,428 | €115,387 | €143,053 | ▲ 24.0% |
| Taxes, remuneration and social security45 | - | - | - | €25,396 | €28,597 | €76,832 | €117,417 | ▲ 52.8% |
| Taxes450/3 | - | - | - | €17,081 | €16,711 | €56,825 | €95,360 | ▲ 67.8% |
| Remuneration and social security454/9 | - | - | - | €8,315 | €11,886 | €20,007 | €22,058 | ▲ 10.3% |
| Other amounts payable47/48 | - | - | - | €6,467 | - | €67 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,417 | €9,338 | -€74,474 | €9,781 | -€16,059 | €7,534 | -€177,472 | - |
| + Depreciation and write-downs630 | €19,951 | €21,639 | €20,052 | €16,856 | €2,647 | €2,647 | €4,027 | ▲ 52.1% |
| Operating cash flow (approximation) | €22,369 | €30,977 | -€54,421 | €26,637 | -€13,412 | €10,181 | -€173,445 | - |
| Investment in fixed assets (approximation) | - | -€5,090 | €0 | -€3,330 | -€9,069 | €0 | -€17,300 | - |
| Change in cash | - | €8,786 | -€15,217 | €32,810 | -€43,752 | €4,309 | €7,839 | ▲ 81.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 16-06-2025 | 2025-00141454 | |
| 31-12-2023 | micro format | 24-10-2024 | 2024-00514941 | |
| 31-12-2022 | full format | 07-06-2023 | 2023-00115084 | |
| 31-12-2021 | full format | 08-06-2022 | 2022-20050592 | |
| 31-12-2020 | full format | 08-06-2021 | 2021-18100442 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-37400285 | |
| 31-12-2018 | micro format | 14-06-2019 | 2019-18500178 | |
| 31-12-2017 | micro format | 07-06-2018 | 2018-16500156 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-26500391 | |
| 31-12-2015 | full format | 20-06-2016 | 2016-19200423 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.