Celima
ActiveSummary
Celima has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €314,305 and a net result of -€21,473. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-39
Solvency68▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.85 in 2024; short-term debt: 52.9% and cash: 42.3% of total assets), and 56.6% 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+raises risk○neutral
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
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€21,473
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
34 d early
2023
30 d early
2022
111 d early
2021
11 d early
2020
26 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 36 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 July (4 of the last 5 filed years within 30 days of that day).
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, abbreviated schema
Equity
€314,305▼ 6.4%
2024 · €335,778
Total assets
€724,880▲ 1.2%
2024 · €716,005
Net result
-€21,473▼ 3,402%
2024 · -€613
Working capital
-€25,593▲ 54.1%
2024 · -€55,789
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
Line20212022202320242025
Operating result€7,283▼ 80.0%-€653€7,963€24▼ 99.7%€5,865▲ 24,295%
Net result€4,479▼ 71.8%-€959€4,955-€613-€21,473▼ 3,402%
Equity€722,820▲ 0.6%€721,861▼ 0.1%€726,816▲ 0.7%€335,778▼ 53.8%€314,305▼ 6.4%
Total assets€751,832▲ 4.0%€732,999▼ 2.5%€730,615▼ 0.3%€716,005▼ 2.0%€724,880▲ 1.2%
Debt€29,012▲ 561%€11,138▼ 61.6%€3,799▼ 65.9%€380,227▲ 9,909%€410,575▲ 8.0%
Working capital€362,800▼ 28.3%€304,849▼ 16.0%€346,495▲ 13.7%-€55,789-€25,593▲ 54.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24,295% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €724,880
Fixed assets
€366,739 ▼ 6.8%
Current assets
€358,141 ▲ 11.0%
Equity and liabilities €724,880
Equity
€314,305 ▼ 6.4%
Debt
€410,575 ▲ 8.0%
Debt's share of the balance-sheet total rises from 53.1% to 56.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48,164▲
2024 · €40,532
Cash flow
€20,826▼
2024 · €39,894
Current ratio
0.93▲
2024 · 0.85
Debt to equity
1.31▲
2024 · 1.13
ROE
-6.8%▼
2024 · -0.2%
ROA
-3.0%▼
2024 · -0.1%
Interest coverage
1.76▼
2024 · 24.74
Debt ≤ 1 year
€383,734▲
2024 · €378,435
Income taxes
€0▼
2024 · €538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
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 497,662 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 8,616 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,288 | €34,051 | €36,691 | €40,508 | €42,299 | ▲ 4.4% |
| Other operating charges640/8 | €7,896 | €7,545 | €8,262 | €8,591 | €9,003 | ▲ 4.8% |
| Gross operating margin9900 | €36,467 | €40,943 | €52,916 | €49,123 | €57,167 | ▲ 16.4% |
| Operating profit (loss)9901 | €7,283 | -€653 | €7,963 | €24 | €5,865 | ▲ 24,295% |
| Financial income75/76B | €319 | €486 | €366 | €1,539 | €0 | ▼ 100% |
| Recurring financial income75 | €319 | €486 | €366 | €1,539 | €0 | ▼ 100% |
| Financial charges65/66B | €336 | €199 | €214 | €1,638 | €27,338 | ▲ 1,568% |
| Recurring financial charges65 | €336 | €199 | €214 | €1,638 | €27,338 | ▲ 1,568% |
| Profit (loss) for the period before taxes9903 | €7,267 | -€365 | €8,115 | -€75 | -€21,473 | ▼ 28,435% |
| Income taxes67/77 | €2,787 | €594 | €3,160 | €538 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €4,479 | -€959 | €4,955 | -€613 | -€21,473 | ▼ 3,402% |
| Profit (loss) for the period to be appropriated9905 | €4,479 | -€959 | €4,955 | -€613 | -€21,473 | ▼ 3,402% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €751,832 | €732,999 | €730,615 | €716,005 | €724,880 | ▲ 1.2% |
| Fixed assets21/28 | €360,620 | €417,012 | €380,321 | €393,360 | €366,739 | ▼ 6.8% |
| Tangible fixed assets22/27 | €360,620 | €417,012 | €380,321 | €393,360 | €366,739 | ▼ 6.8% |
| Land and buildings22 | €123,307 | €122,188 | €121,069 | €119,950 | €118,832 | ▼ 0.9% |
| Plant, machinery and equipment23 | €237,313 | €294,824 | €259,252 | €273,409 | €247,908 | ▼ 9.3% |
| Current assets29/58 | €391,212 | €315,987 | €350,293 | €322,646 | €358,141 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €8,735 | €0 | €2,947 | €3,754 | €51,494 | ▲ 1,272% |
| Trade receivables40 | - | - | - | - | €2,741 | - |
| Other amounts receivable41 | €8,735 | €0 | €2,947 | €3,754 | €48,754 | ▲ 1,199% |
| Cash at bank and in hand54/58 | €382,029 | €315,987 | €347,347 | €318,622 | €306,647 | ▼ 3.8% |
| Deferred charges and accrued income490/1 | €448 | €0 | - | €270 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €751,832 | €732,999 | €730,615 | €716,005 | €724,880 | ▲ 1.2% |
| Equity10/15 | €722,820 | €721,861 | €726,816 | €335,778 | €314,305 | ▼ 6.4% |
| Contributions10/11 | €504,463 | €504,463 | €504,463 | €504,463 | €504,463 | = |
| Capital10 | €504,463 | €504,463 | €504,463 | €504,463 | €504,463 | = |
| Issued capital100 | €504,463 | €504,463 | €504,463 | €504,463 | €504,463 | = |
| Reserves13 | €419,545 | €419,545 | €424,500 | €34,075 | €34,075 | = |
| Non-distributable reserves130/1 | €16,864 | €16,864 | €17,112 | €17,112 | €17,112 | = |
| Legal reserve130 | €16,864 | €16,864 | €17,112 | €17,112 | €17,112 | = |
| Distributable reserves133 | €402,681 | €402,681 | €407,388 | €16,964 | €16,964 | = |
| Profit (loss) carried forward14 | -€201,188 | -€202,147 | -€202,147 | -€202,761 | -€224,234 | ▼ 10.6% |
| Amounts payable17/49 | €29,012 | €11,138 | €3,799 | €380,227 | €410,575 | ▲ 8.0% |
| Amounts payable within one year42/48 | €28,412 | €11,138 | €3,799 | €378,435 | €383,734 | ▲ 1.4% |
| Trade debts44 | €25,997 | €9,741 | €0 | €102 | €0 | ▼ 100% |
| Suppliers440/4 | €25,997 | €9,741 | €0 | €102 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €2,038 | €594 | €496 | €0 | - | - |
| Taxes450/3 | €2,038 | €594 | €496 | €0 | - | - |
| Other amounts payable47/48 | €377 | €803 | €3,303 | €378,333 | €383,734 | ▲ 1.4% |
| Accrued charges and deferred income492/3 | €600 | €0 | - | €1,793 | €26,841 | ▲ 1,397% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,479 | -€959 | €4,955 | -€613 | -€21,473 | ▼ 3,402% |
| + Depreciation and write-downs630 | €21,288 | €34,051 | €36,691 | €40,508 | €42,299 | ▲ 4.4% |
| Operating cash flow (approximation) | €25,767 | €33,092 | €41,646 | €39,894 | €20,826 | ▼ 47.8% |
| Investment in fixed assets (approximation) | - | -€90,443 | €0 | -€53,546 | -€15,679 | ▲ 70.7% |
| Change in cash | - | -€66,042 | €31,360 | -€28,725 | -€11,975 | ▲ 58.3% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€21,473
Net result drops to -€21,473, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,955
Net result €4,955 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 92.21
Current ratio from 28.37 to 92.21; short-term debt falls from €11,138 to €3,799.
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 28.37
Current ratio from 13.77 to 28.37; short-term debt falls from €28,412 to €11,138.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €15,905 ▲82.1%
Operating result €36,344, net result €15,905, both a record.
31-12
Financial
Liquidity times 30current ratio 196.27
Current ratio from 6.45 to 196.27; short-term debt falls from €161,785 to €2,591.
Show earlier events
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kortrijk · 1 establishment unit since 1984
Ground area
267 m²
Building footprint
252 m²
Volume, LiDAR
1,512 m³
Parcel 34352C0415/00F003, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Celima
since 19842.302.730.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352C0415/00F003 | Flanders | 267 m² | 1 · 252 m² | 7.8 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.
Identification & contact
Identification
Legal formPublic limited company
Founded24-08-1984
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427053881
Also
9925:BE0427053881
Registered
03-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.