CELIO INTERNATIONAL

Judicial reorganisation

Public limited companyfounded 2006active for 20 yearsMarcel Broodthaersplein 8, 1060 Sint-Gillis (bij-Brussel), Belgium109 active companies are registered at this addressKBO/BCE: BE 0880.793.256

Summary

The file of CELIO INTERNATIONAL contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2026 annual accounts show equity of €204.8m and a net result of €44.9m. Equity is growing by about 47% per year across the filed financial years. Its solvency ranks better than 59% of 277 sector peers (NACE 46, financial year 2026).

Risk analysisFollow Report Compare

CELIO INTERNATIONALJudicial reorganisationChecked score 24/100

Risk analysis Report Compare

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court: French-language Enterprise Court of Brussels
Opened: 23 September 2021
Track: Reorganisation by amicable settlement
Docket number: 20210034
Moratorium until: 17 November 2021 (passed; an extension would be in a later judgment)
Delegated judge: Dominique Monnart
Official Gazette: 27-08-2021 (pdf) ↗search the document for 2021/129717

What to do now

Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
An amicable settlement binds only the creditors who sign it. You decide whether you sign.
What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.

View the file in RegSol ↗ Follow Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Activity

Wholesale of clothing, excluding workwear and underwear

NACE 46423Activities auxiliary to financial services and insurance activities NACE 66300

Largest company by total assets in Sint-Gillis, Wholesale and retail trade sector1 site

Size

€373.5mtotal assets 2026

Staff: 12 FTE
Equity: €204.8m
Profit: €44.9m

Standalone figures, without subsidiaries

Financial health

24 Critical Checked score 2026

Reorganisation running: about 1 in 4 bankrupt within the year

Structure

Largest shareholder: LAURINA · 50%
Holdings: 12

MAUDELINA SARLDirector · permanent representative Sébastien Bismuth

Accounts 13 days early1 of 51 deeds read

Signalsraises riskIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence

Checked score

Score 2026

24 / 100

Critical

Without a bankruptcy probability: score from the figures alone

An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Average

Solvency 80+11

equity 54.8% of total assets

Liquidity 36-1

short-term debt 33.9% · cash 0.5%

Profitability 34-16

return on assets 12.0%

Bankruptcy probability, 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).

No credit on open account during an ongoing judicial reorganisation

Liquidity insufficient (current ratio 0.93, compared with 1.0 in 2025, below 1; short-term debt: 33.9% and cash: 0.5% of total assets), and 45.2% of the assets are financed with debt and provisions.

Signals

Two signals.

raises riskneutral

In judicial reorganisation

Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.

Belgian Official Gazette

Latest accounts filed on time

The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 18-08-2026, 13 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2026

13 days early

2025

26 days early

2024

31 days early

2023

10 days early

2022

2 days late

← 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 16 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 18 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

16-10-2026 today31-01-2027 year end31-08-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

18-08-2026 Annual accounts filedfinancial year 2026 · full…
18-08-2026 Annual accounts filedfinancial year 2026 · consolidated
29-10-2025 Reappointment: MAUDELINA SARL (class B director)Permanent representative: Sébastien Bismuth

Key points

Risk: In judicial reorganisationtrustee not known 23-09-2021 View
Positive: Largest company by total assets in Sint-Gillis, Wholesale and retail trade sectorin the Checked rankings No. 1 View
Caution: Result fell in 2026from €91.5m to €44.9m ▼ 50.9% View
Heads a groupcompanies controlled 12 View
Positive: 5 profitable years in a rowprofit 2026: €44.9m 5 years View
Positive: Filed on time since financial year 2023accounts within the deadline every year 4 years View