CELINE
ActiveCELINE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €-210k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 10% of 8589 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
18
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33=
Solvency2▼-1
Growth36▲+4
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.04 in 2024), and 97.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
2.4%
Return on assets
-2.1%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€210k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8589 sector peers (2025).
NBB · sector comparisonPosition among 8589 sector peers
Solvency
better than 10%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
29 d early
2024
27 d early
2023
15 d early
2022
25 d late
2021
12 d early
2020
22 d early
2019
21 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€960k▲ 3.2%
2024 · €930k
2024: €930k
2024 → 2025
EBIT margin
54.9%▲ 2.0pp
2024 · 52.9%
2024: 52.9%
2024 → 2025
Net result
€-210k▲ 27.7%
2024 · €-290k
2018: €76k
2019: €65k
2020: €58k
2021: €57k
2022: €20k
2023: €-100k
2024: €-290k
2018 → 2025
Working capital
€-717k▲ 6.0%
2024 · €-763k
2018: €-825k
2019: €-760k
2020: €-702k
2021: €-645k
2022: €-626k
2023: €20k
2024: €-763k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€930k€960k▲ 3.2%
Equity€821k-€841k▲ 2.4%€741k▼ 11.9%€450k▼ 39.2%€240k▼ 46.7%
Operating result€89k-€44k▼ 50.7%€-14k€492k€527k▲ 7.1%
Net result€57k-€20k▼ 65.1%€-100k€-290k▼ 190%€-210k▲ 27.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.92M
Fixed assets
€9.89M▼ 2.3%
Current assets
€30k▼ 14.7%
Equity and liabilities €9.92M
Equity
€240k▼ 46.7%
Debt
€9.68M▼ 0.2%
The debt ratio rises from 95.6% to 97.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€919k▲
2024 · €879k
Cash flow
€182k▲
2024 · €97k
Solvency
2.4%▼
2024 · 4.4%
Current ratio
0.04▼
2024 · 0.04
Quick ratio
0.04▼
2024 · 0.04
Debt / equity
40.32▲
2024 · 21.55
ROE
-87.5%▼
2024 · -64.5%
ROA
-2.1%▲
2024 · -2.9%
Interest coverage
1.25▲
2024 · 1.13
Debt
€9.68M▼
2024 · €9.70M
Debt ≤ 1 year
€748k▼
2024 · €799k
Debt > 1 year
€8.93M▲
2024 · €8.90M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.15M€9.92M▼
Fixed assets21/28€10.12M€9.89M▼
Tangible fixed assets22/27€10.12M€9.89M▼
Land and buildings22€10.08M€9.69M▼
Assets under construction and advance payments27€36k€193k▲
Financial fixed assets28€25€25=
Current assets29/58€36k€30k▼
Amounts receivable within one year40/41€15k€15k=
Other amounts receivable41€15k€15k=
Cash at bank and in hand54/58€21k€15k▼
Equity and liabilities
Total equity and liabilities10/49€10.15M€9.92M▼
Equity10/15€450k€240k▼
Contributions10/11€145k€145k=
Reserves13€405k€405k=
Non-distributable reserves130/1€15k€15k=
Reserves not available under the articles1311€15k€15k=
Distributable reserves133€391k€391k=
Profit (loss) carried forward14€-100k€-310k▼
Amounts payable17/49€9.70M€9.68M▼
Amounts payable after more than one year17€8.90M€8.93M▲
Financial debts170/4€8.90M€8.93M▲
Amounts payable within one year42/48€799k€748k▼
Trade debts44€799k€748k▼
Suppliers440/4€799k€748k▼
Accrued charges and deferred income492/3€3k€194▼
Income statement
Code20242025
Turnover70€930k€960k▲
Goods, raw materials, services and sundry goods60/61€50k€40k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€387k€392k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€880k€920k▲
Operating profit (loss)9901€492k€527k▲
Financial charges65/66B€780k€737k▼
Recurring financial charges65€780k€737k▼
Profit (loss) for the period before taxes9903€-288k€-210k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-290k€-210k▲
Profit (loss) for the period to be appropriated9905€-290k€-210k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-100k€-310k▼
Profit (loss) brought forward from the previous period14P€191k€-100k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-290k
Net result drops to €-290k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2023
31-12
Financial
Liquidity times 25current ratio 1.30
Current ratio from 0.05 to 1.30; short-term debt falls from €660k to €66k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2022
This board is reconstructed from a single act (22152222). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Ingrid Van de Maele
CurrentDirector · since 27-12-2022
Jeroen Versnick
CurrentDirector · since 27-12-2022
Johan Crijns
CurrentDirector · since 27-12-2022
27-12-2022
Ingrid Van de Maele: Appointed as Director
27-12-2022
Ingrid Van de Maele: Appointed as Managing director
27-12-2022
Jeroen Versnick: Appointed as Director
27-12-2022
Johan Crijns: Appointed as Director
27-12-2022
Johan Crijns: Appointed as Managing director
27-12-2022
Katty Loncke: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zandvoortstraat 272800 MechelenGround area
4,985 m²
Building footprint
524 m²
Volume, LiDAR
5,763 m³
2 parcels, Flanders, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Celine
since 20072.165.612.496
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0019/00T000 | Flanders | 3,919 m² | 1 · 324 m² | 17.3 m · 5 fl. |
| 57042C0103/00T000 | Wallonia | 1,066 m² | 1 · 201 m² | 15.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
CHRISTIAN VAN PARYS
BE 0459.010.334
Namur · Eq €240k
BGID
BE 0542.468.936
Lasne · Eq €240k
JAY
BE 0430.904.286
Gent · Eq €240k
RAADSYO
BE 0427.627.270
Scherpenheuvel-Zichem · Eq €240k
ROBYNS SERVICES
BE 0771.715.766
Kapelle-op-den-Bos · Eq €240k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 38,948 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2007
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.