CELIDEE CONSTRUCT
ActiveSummary
CELIDEE CONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €1.4m. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+34
Solvency41▲+14
Growth85▲+27
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.87 in 2024; short-term debt: 46.2% and cash: 8.6% of total assets), but 83.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.3%
Return on assets
14.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
45 d early
2023
30 d early
2022
55 d early
2021
32 d early
2020
52 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€7.4m
2021 · €0
EBIT margin
23.1%▲ 161.9pp
2020 · -138.8%
Net result
€1.4m▲ 1,892%
2024 · €67,800
Working capital
€5.0m▲ 59.8%
2024 · €3.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0▼ 100%€7.4m
Operating result€32,661-€2,025-€3,307▼ 63.3%€14,060€1.7m▲ 12,036%
Net result€32,505within the sector's middle half-€1,523within the sector's middle half-€1,294within the sector's middle half▲ 15.1%€67,800within the sector's middle half€1.4mabove the sector's middle half▲ 1,892%
EBIT margin23.1%
Equity€98,873within the sector's middle half▲ 49.0%€97,350within the sector's middle half▼ 1.5%€96,057within the sector's middle half▼ 1.3%€163,856within the sector's middle half▲ 70.6%€1.5mwithin the sector's middle half▲ 824%
Total assets€102,708below the sector's middle half▲ 28.9%€100,881below the sector's middle half▼ 1.8%€1.3mwithin the sector's middle half▲ 1,175%€6.7mwithin the sector's middle half▲ 424%€9.3mwithin the sector's middle half▲ 37.9%
Debt€3,835▼ 71.3%€3,530▼ 7.9%€1.2m▲ 33,604%€6.6m▲ 452%€7.8m▲ 18.3%
Working capital€99,250▲ 48.7%€97,350▼ 1.9%€798,817▲ 721%€3.1m▲ 292%€5.0m▲ 59.8%
Solvency96.3%above the sector's middle half▲ 13.0pp96.5%above the sector's middle half▲ 0.2pp7.5%within the sector's middle half▼ 89.0pp2.4%below the sector's middle half▼ 5.0pp16.3%within the sector's middle half▲ 13.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12,036% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €9.3m
Equity
€1.5m ▲ 824%
Debt
€7.8m ▲ 18.3%
Debt's share of the balance-sheet total falls from 97.6% to 83.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.16▲
2024 · 1.87
Quick ratio
1.66▲
2024 · 0.91
Debt to equity
5.13▼
2024 · 40.11
ROE
89.2%▲
2024 · 41.4%
ROA
14.5%▲
2024 · 1.0%
Debt ≤ 1 year
€4.3m▲
2024 · €3.6m
Debt > 1 year
€3.3m▲
2024 · €2.9m
Income taxes
€480,020
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 172 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0%
went bankrupt
3.5%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 172 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €35,772 | €7,825 | €717,705 | €6.0m | €11.9m | ▲ 97.5% |
| Turnover70 | €0 | - | - | - | €7.4m | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €0 | - | €714,128 | €6.0m | €3.5m | ▼ 41.4% |
| Other operating income74 | €1,272 | €7,825 | €3,577 | €134 | €990,439 | ▲ 741,247% |
| Non-recurring operating income76A | €34,500 | €0 | - | - | - | - |
| Operating charges60/66A | €3,111 | €9,850 | €721,012 | €6.0m | €10.2m | ▲ 69.7% |
| Goods for resale, raw materials and consumables60 | €0 | - | €255,600 | €6.0m | €9.0m | ▲ 49.2% |
| Purchases600/8 | €0 | - | €255,600 | €6.0m | €9.0m | ▲ 49.2% |
| Services and other goods61 | €2,652 | €9,391 | €464,544 | €1,792 | €1.2m | ▲ 68,735% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €459 | €460 | €868 | €513 | €1,126 | ▲ 119% |
| Operating profit (loss)9901 | €32,661 | -€2,025 | -€3,307 | €14,060 | €1.7m | ▲ 12,036% |
| Financial income75/76B | €17 | €675 | €2,212 | €70,148 | €124,241 | ▲ 77.1% |
| Recurring financial income75 | €17 | €675 | €2,212 | €70,148 | €124,241 | ▲ 77.1% |
| Income from current assets751 | €17 | €675 | €2,212 | €70,148 | €120,259 | ▲ 71.4% |
| Other financial income752/9 | - | - | - | - | €3,981 | - |
| Financial charges65/66B | €173 | €173 | €198 | €16,408 | €0 | ▼ 100% |
| Recurring financial charges65 | €173 | €173 | €198 | €16,408 | €0 | ▼ 100% |
| Debt charges650 | - | - | - | €16,231 | €0 | ▼ 100% |
| Other financial charges652/9 | €173 | €173 | €198 | €176 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €32,505 | -€1,523 | -€1,294 | €67,800 | €1.8m | ▲ 2,600% |
| Income taxes67/77 | - | - | - | - | €480,020 | - |
| Taxes670/3 | - | - | - | - | €480,020 | - |
| Profit (loss) for the period9904 | €32,505 | -€1,523 | -€1,294 | €67,800 | €1.4m | ▲ 1,892% |
| Profit (loss) for the period to be appropriated9905 | €32,505 | -€1,523 | -€1,294 | €67,800 | €1.4m | ▲ 1,892% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,708 | €100,881 | €1.3m | €6.7m | €9.3m | ▲ 37.9% |
| Current assets29/58 | €102,708 | €100,881 | €1.3m | €6.7m | €9.3m | ▲ 37.9% |
| Stocks and contracts in progress3 | €0 | €0 | €544,300 | €3.4m | €2.2m | ▼ 36.7% |
| Stocks30/36 | - | - | €544,300 | €3.4m | €2.2m | ▼ 36.7% |
| Property held for sale35 | - | - | €544,300 | €3.4m | €2.2m | ▼ 36.7% |
| Amounts receivable within one year40/41 | €97,034 | €97,459 | €206,439 | €2.8m | €4.9m | ▲ 74.9% |
| Trade receivables40 | €7,825 | €9,377 | €14,789 | €100,604 | €1.6m | ▲ 1,505% |
| Other amounts receivable41 | €89,209 | €88,082 | €191,650 | €2.7m | €3.3m | ▲ 22.1% |
| Cash at bank and in hand54/58 | €5,657 | €2,730 | €296,433 | €44,351 | €798,321 | ▲ 1,700% |
| Deferred charges and accrued income490/1 | €17 | €692 | €238,757 | €428,444 | €1.4m | ▲ 220% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,708 | €100,881 | €1.3m | €6.7m | €9.3m | ▲ 37.9% |
| Equity10/15 | €98,873 | €97,350 | €96,057 | €163,856 | €1.5m | ▲ 824% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | - | - | - | - | €1.2m | - |
| Distributable reserves133 | - | - | - | - | €1.2m | - |
| Profit (loss) carried forward14 | -€201,127 | -€202,650 | -€203,943 | -€136,144 | €0 | ▲ 100% |
| Amounts payable17/49 | €3,835 | €3,530 | €1.2m | €6.6m | €7.8m | ▲ 18.3% |
| Amounts payable after more than one year17 | - | - | €544,500 | €2.9m | €3.3m | ▲ 13.0% |
| Financial debts170/4 | - | - | €544,500 | €2.9m | €3.3m | ▲ 13.0% |
| Other loans174 | - | - | €544,500 | €2.9m | €3.3m | ▲ 13.0% |
| Amounts payable within one year42/48 | €3,458 | €3,530 | €487,113 | €3.6m | €4.3m | ▲ 19.0% |
| Trade debts44 | €3,458 | €3,530 | €487,113 | €1.5m | €3.5m | ▲ 136% |
| Suppliers440/4 | €3,458 | €3,530 | €487,113 | €1.5m | €3.5m | ▲ 136% |
| Advances received on contracts in progress46 | - | - | - | €2.1m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | - | €840,984 | - |
| Taxes450/3 | - | - | - | - | €840,984 | - |
| Accrued charges and deferred income492/3 | €377 | €0 | €158,260 | €88,192 | €231,781 | ▲ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,505 | -€1,523 | -€1,294 | €67,800 | €1.4m | ▲ 1,892% |
| Operating cash flow (approximation) | €32,505 | -€1,523 | -€1,294 | €67,800 | €1.4m | ▲ 1,892% |
| Change in cash | - | -€2,927 | €293,703 | -€252,082 | €753,970 | ▲ 399% |
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
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.4m ▲1,892%
Operating result €1.7m, net result €1.4m, both a record.
31-12
Financial
Equity above €1mEq €1.5m ▲824%
2 profitable years in a row build equity to €1.5m.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €67,800
Net result €67,800 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €163,856 ▲70.6%
Equity rises from €96,057 to €163,856.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €32,505
Net result €32,505 after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 29.70
Current ratio from 6.15 to 29.70; short-term debt falls from €12,966 to €3,458.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Weakest financial yearnet -€138,244
Net result drops to -€138,244, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 8current ratio 198.16
Current ratio from 25.01 to 198.16; short-term debt falls from €14,203 to €1,416.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Waregem · 1 establishment unit since 2014
Ground area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
CELIDEE CONSTRUCT
since 20142.237.918.276
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
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.
Structure & network
Part of the group
ION HOLDING
41 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- ION HOLDING
- CELIDEE CONSTRUCT
Highest known parent: ION HOLDING. The sources do not say who stands above it.
Owners 1
- ION HOLDINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 3,381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43120Site preparation
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506880527
Also
9925:BE0506880527
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.