CELFY
ActiveSummary
CELFY has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,348 and a net result of €8,117. Equity is growing by ~97.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-9
Solvency62▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.64 against 1.25 in 2023; short-term debt: 38.9% and cash: 20.8% of total assets), and 63.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.6%
Return on assets
10.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-04-2025, 98 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
98 d early
2023
35 d early
2022
30 d late
2021
3 d early
2020
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€29,348▲ 38.2%
2023 · €21,231
Total assets
€80,156▲ 2.5%
2023 · €78,178
Net result
€8,117▼ 39.2%
2023 · €13,353
Working capital
-€11,224
2023 · €6,931
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€548-€9,961▲ 1,717%€19,096▲ 91.7%€20,854▲ 9.2%€14,617▼ 29.9%
Net result-€787-€5,679€12,381▲ 118%€13,353▲ 7.9%€8,117▼ 39.2%
Equity€1,713-€5,792▲ 238%€18,173▲ 214%€21,231▲ 16.8%€29,348▲ 38.2%
Total assets€12,642-€20,841▲ 64.9%€79,824▲ 283%€78,178▼ 2.1%€80,156▲ 2.5%
Debt€10,929-€15,049▲ 37.7%€61,651▲ 310%€56,946▼ 7.6%€50,808▼ 10.8%
Working capital€850-€2,943▲ 246%€2,383▼ 19.0%€6,931▲ 191%-€11,224
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80,156
Fixed assets
€60,181 ▲ 36.7%
Current assets
€19,975 ▼ 41.5%
Equity and liabilities €80,156
Equity
€29,348 ▲ 38.2%
Debt
€50,808 ▼ 10.8%
Debt's share of the balance-sheet total falls from 72.8% to 63.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,776▼
2023 · €33,507
Cash flow
€21,276▼
2023 · €26,006
Current ratio
0.64▼
2023 · 1.25
Debt to equity
1.73▼
2023 · 2.68
ROE
27.7%▼
2023 · 62.9%
ROA
10.1%▼
2023 · 17.1%
Interest coverage
9.26▼
2023 · 14.83
Debt ≤ 1 year
€31,199▲
2023 · €27,222
Debt > 1 year
€19,608▼
2023 · €29,725
Income taxes
€3,500▼
2023 · €5,241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90 | €1,212 | €3,930 | €12,653 | €13,159 | ▲ 4.0% |
| Other operating charges640/8 | - | €509 | €1,157 | €2,816 | €1,282 | ▼ 54.5% |
| Gross operating margin9900 | €1,086 | €11,682 | €24,183 | €36,323 | €29,058 | ▼ 20.0% |
| Operating profit (loss)9901 | €548 | €9,961 | €19,096 | €20,854 | €14,617 | ▼ 29.9% |
| Financial income75/76B | - | - | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €430 | €1,002 | €2,260 | €3,000 | ▲ 32.8% |
| Recurring financial charges65 | €0 | €430 | €1,002 | €2,260 | €3,000 | ▲ 32.8% |
| Profit (loss) for the period before taxes9903 | €548 | €9,531 | €18,095 | €18,594 | €11,617 | ▼ 37.5% |
| Income taxes67/77 | €1,335 | €3,852 | €5,714 | €5,241 | €3,500 | ▼ 33.2% |
| Profit (loss) for the period9904 | -€787 | €5,679 | €12,381 | €13,353 | €8,117 | ▼ 39.2% |
| Profit (loss) for the period to be appropriated9905 | -€787 | €5,679 | €12,381 | €13,353 | €8,117 | ▼ 39.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,642 | €20,841 | €79,824 | €78,178 | €80,156 | ▲ 2.5% |
| Fixed assets21/28 | €1,032 | €3,557 | €55,242 | €44,025 | €60,181 | ▲ 36.7% |
| Tangible fixed assets22/27 | €1,032 | €3,557 | €55,242 | €44,025 | €60,181 | ▲ 36.7% |
| Plant, machinery and equipment23 | - | - | - | - | €28,126 | - |
| Furniture and vehicles24 | - | €3,557 | €55,242 | €44,025 | €32,055 | ▼ 27.2% |
| Current assets29/58 | €11,609 | €17,283 | €24,581 | €34,153 | €19,975 | ▼ 41.5% |
| Amounts receivable within one year40/41 | €2,592 | €12,130 | €12,794 | €1,107 | €2,500 | ▲ 126% |
| Trade receivables40 | - | €10,890 | €11,219 | €0 | - | - |
| Other amounts receivable41 | - | €1,240 | €1,575 | €1,107 | €2,500 | ▲ 126% |
| Cash at bank and in hand54/58 | €8,641 | €4,768 | €9,570 | €32,258 | €16,664 | ▼ 48.3% |
| Deferred charges and accrued income490/1 | - | €386 | €2,217 | €788 | €811 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,642 | €20,841 | €79,824 | €78,178 | €80,156 | ▲ 2.5% |
| Equity10/15 | €1,713 | €5,792 | €18,173 | €21,231 | €29,348 | ▲ 38.2% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | €3,292 | €15,673 | €18,731 | €26,848 | ▲ 43.3% |
| Distributable reserves133 | - | €3,292 | €15,673 | €18,731 | €26,848 | ▲ 43.3% |
| Profit (loss) carried forward14 | -€787 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €10,929 | €15,049 | €61,651 | €56,946 | €50,808 | ▼ 10.8% |
| Amounts payable after more than one year17 | - | - | €39,453 | €29,725 | €19,608 | ▼ 34.0% |
| Financial debts170/4 | - | - | €39,453 | €29,725 | €19,608 | ▼ 34.0% |
| Amounts payable within one year42/48 | €10,759 | €14,341 | €22,198 | €27,222 | €31,199 | ▲ 14.6% |
| Current portion of amounts payable after more than one year42 | - | - | €9,354 | €9,728 | €10,117 | ▲ 4.0% |
| Trade debts44 | €567 | €2,900 | €4,936 | €828 | €2,084 | ▲ 152% |
| Suppliers440/4 | - | €2,900 | €4,936 | €828 | €2,084 | ▲ 152% |
| Taxes, remuneration and social security45 | - | €6,538 | €4,680 | €7,782 | €2,185 | ▼ 71.9% |
| Taxes450/3 | - | €3,338 | €1,654 | €4,491 | €2,185 | ▼ 51.3% |
| Remuneration and social security454/9 | - | €3,200 | €3,026 | €3,292 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €4,903 | €3,228 | €8,883 | €16,813 | ▲ 89.3% |
| Accrued charges and deferred income492/3 | - | €708 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€787 | €5,679 | €12,381 | €13,353 | €8,117 | ▼ 39.2% |
| + Depreciation and write-downs630 | €90 | €1,212 | €3,930 | €12,653 | €13,159 | ▲ 4.0% |
| Operating cash flow (approximation) | -€697 | €6,891 | €16,311 | €26,006 | €21,276 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | -€3,737 | -€55,615 | -€1,436 | -€29,315 | ▼ 1,942% |
| Change in cash | - | -€3,873 | €4,802 | €22,688 | -€15,594 | ▼ 169% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €13,353 ▲7.9%
Operating result €20,854, net result €13,353, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,679
Net result €5,679 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2020
Ground area
2,717 m²
Building footprint
1,880 m²
Volume, LiDAR
37,929 m³
Parcel 21814P0437/00D004, Brussels · tallest building 30.9 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CELFY
since 20202.299.858.122
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0437/00D004 | Brussels | 2,717 m² | 1 · 1,880 m² | 30.9 m · 7 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.
Similar companies · same sector, comparable size
ITEKA LAW
BE 0781.511.479
Sint-Gillis (bij-Brussel) · Eq €29,361
CB-Legal
BE 0798.304.555
Antwerpen · Eq €29,329
Advocatenkantoor Jan De Man
BE 0836.276.689
Schoten · Eq €29,402
Advocatenkantoor Katrien Ver Elst
BE 1017.058.262
Geel · Eq €29,284
ASTAUDAN
BE 1014.564.966
Kortrijk · Eq €29,415
Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 6,698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742897363
Also
9925:BE0742897363
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.