CELAVI
Bankruptcy closedFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 16-06-2025 PDF all 48 filings
Turnover
≈ €74,000
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 for 2024 is a loss of €176,113, after a profit of €5,600 in 2023. It is the lowest result since 2020.
Operating result-€176,113
2024
Net result-€177,472
2024
Total assets€285,307
2024
Equity-€12,193
2024
Debt€297,500
2024
Working capital-€21,486
2024
Staff (FTE)4.3
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
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
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 6 | 6 | 5 |
| full-time | 3 | 3 | 3 | 1 |
| part-time | 2 | 3 | 3 | 4 |
| in full-time equivalents | 4 | 4.7 | 4.6 | 4.3 |
| Average over the year, in full-time equivalents | 3.6 | 4.8 | 4.6 | 4.3 |
| On a permanent contract | 3 | 4 | 3 | 2 |
| Joined | 2 | 4 | 3 | 5 |
| Left | 2 | 2 | 1 | 6 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Overdue tax debts | - | - | - | €64,125 |
| Overdue social security (RSZ) debts | - | - | - | €13,424 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €3,330 | €9,069 | - | €17,300 |
| Depreciation and write-downs of the year | €16,856 | €2,647 | €2,647 | €4,027 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
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% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived 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 |