Investments
€4,076 4.4 × depreciation
Green is investment, beige is depreciation.
Celis Construct
Overview
Lifetime
4 annual accounts with figures on one time axispeak €30,067 (2022)
-€15,055▼ €32,647
lowest -€16,548 (2025)
-€16,548▼ €27,652
peak €35,960 (2024)
€19,412▼ 46.0%
€15,409▲ 195%
Board1 name since 2021
1 directorTim CELIS
Documentsfilings and deeds
04-11-202696 days late
2025micro format
Gross margin from €17,592 to -€15,055Loss of €16,548Equity from €35,960 to €19,412Debts from €5,219 to €15,409Investments €4,076Cash from €16,255 to €541
Key points
from the 2025 annual accountsFilings
4 annual accounts 96 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€16,548
Lower net result than 90% of companies in wood and cork. Sector median €8,998 · 666 companies.
Turnover not published (micro format)
Checked score
35
Weak
Financially stronger than 24% of micro companies in wood and cork (NACE 16)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.3%▼ -0.4 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.3 percentage points vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%▲ +0.2 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.7 percentage points vs 07-2026
09-2026: 2.0%▲ +0.3 percentage points vs 08-2026
10-2026: 3.8%▲ +1.8 percentage points vs 09-2026
11-2026: 5.5%▲ +1.7 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 96 days late; 1 of the last 3 accounts late
1 change of registered office in 24 months
Loss of €16,548 (financial year 2025)
Founded in 2021
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro). It does better than 62% of them on solvency, 21% on liquidity, 4% on profitability and 10% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as Celis Construct has now. Each dot stands for 9 companies, two years later.
87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Celis Construct itself is higher: 5.5% within 12 months. It rests on far more data about Celis Construct than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for Celis Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.97 (7.63 in 2024), above the usual 1.5. Short-term debt is 44.3% and cash 1.6% of total assets. 44.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 96 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-11-2026, 96 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filingsDeviation from the deadline
2025
96 days late
2024
21 days early
2023
35 days early
2022
131 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 23 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (3 of the last 4 accounts filed within 104 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Boechout to Edegem
New registered office: Philips de Monteplein 29, 2650 Edegem · Previous registered office: Provinciesteenweg 523, 2530 Boechout · Permanent representative: Frédéric Bogaerts · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0764787887
Incorporation
Founding capital of €3,000 · Founder: Tim CELIS (sole founder) · Appointment: Tim CELIS (director) · published on 10-03-2021 · Gazette deed
First establishment
Philips de Monteplein 29, Edegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Celis Construct Edegem | €34,821 | -€15,055 | 55.7% | - |
| SDW Windows Lokeren | €32,684 | -€6,116 | -703.4% | 0 |
| Crooked Skatepark Constructions Leuven | €47,825 | -€20,048 | -1.1% | - |
| AKPOSE Charleroi | €47,930 | -€22,588 | 79.1% | - |
| HELIUS RAMEN Beerse | €28,883 | €1,732 | 74.7% | - |
| SLV Design Mortsel | €54,115 | €2,131 | 64.7% | - |
| WZ Keukens Bruges | €56,864 | €1,468 | 62.3% | - |
These companies have the same main activity as Celis Construct: manufacture of other builders' carpentry and joinery (NACE 16230). They are comparable in size and age: total assets between €28,900 and €56,900, founded between 2019 and 2023.
Official details
Source: KBO- Status
- Active since 08-03-2021Normal situation
- Activity
- Manufacture of other builders' carpentry and joineryNACE 16230and 2 others
- Establishment unit
- 2.314.519.2752650 Edegem, since 08-03-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 24-10-2025
Annual accounts 2025
- -€15,055
- €16,548
- €19,412▼ 46.0%
- €34,821▼ 15.4%
- Filing
- Filed on 04-11-2026
Insights on Celis Construct
Celis Construct files the micro format. That format states no turnover. The gross margin fell from €30,067 in 2022 to -€15,055 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 04-11-2026, 96 days late-€15,055
▼ €32,647
-€16,327
▼ €32,408
-€16,548
▼ €27,652
€14,881
▼ 57.0%
55.7%
▼ 31.6 percentage points
1.97
▼ 5.66
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €34,821 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
55.7%
Higher than 64% of 665 companies in 2025.
1.97
Higher than 61% of 652 companies in 2025.
-47.5%
Lower than 95% of 659 companies in 2025.
Celis Construct
Middle half of the sector
80% of the sector
Micro accounts in wood and cork (NACE 16)
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
34,821 | 41,178 | 32,621 | 29,253 | |
21/28 |
4,531 | 1,381 | 1,439 | 1,894 | |
22/27 |
4,531 | 1,381 | 1,439 | 1,894 | |
23 |
0 | 484 | 1,302 | 1,512 | |
24 |
4,531 | 897 | 136 | 382 | |
29/58 |
30,290 | 39,797 | 31,182 | 27,359 | |
40/41 |
29,749 | 23,542 | 23,383 | 12,730 | |
40 |
25,574 | 21,015 | 20,478 | 12,582 | |
41 |
4,175 | 2,528 | 2,905 | 148 | |
54/58 |
541 | 16,255 | 7,304 | 14,629 | |
490/1 |
- | 0 | 495 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
34,821 | 41,178 | 32,621 | 29,253 | |
10/15 |
19,412 | 35,960 | 24,855 | 22,903 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
16,412 | 32,960 | 21,855 | 19,903 | |
133 |
16,412 | 32,960 | 21,855 | 19,903 | |
17/49 |
15,409 | 5,219 | 7,766 | 6,350 | |
42/48 |
15,409 | 5,219 | 7,766 | 6,350 | |
44 |
14,509 | 3,733 | 0 | 1,325 | |
440/4 |
14,509 | 3,733 | 0 | 1,325 | |
45 |
900 | 900 | 5,742 | 4,960 | |
450/3 |
900 | 900 | 5,742 | 4,960 | |
47/48 |
0 | 586 | 2,024 | 65 | |
| Income statement | |||||
9900 |
-15,055 | 17,592 | 4,807 | 30,067 | |
630 |
926 | 1,213 | 1,170 | 901 | |
640/8 |
346 | 298 | 173 | 1,304 | |
9901 |
-16,327 | 16,081 | 3,464 | 27,862 | |
75/76B |
32 | 6 | 0 | 1 | |
75 |
32 | 6 | 0 | 1 | |
65/66B |
158 | 171 | 308 | 0 | |
65 |
158 | 171 | 308 | 0 | |
9903 |
-16,453 | 15,916 | 3,157 | 27,863 | |
67/77 |
95 | 4,812 | 1,205 | 7,960 | |
9904 |
-16,548 | 11,104 | 1,952 | 19,903 | |
9905 |
-16,548 | 11,104 | 1,952 | 19,903 | |
| Appropriation of the result | |||||
9906 |
-16,548 | 11,104 | 1,952 | 19,903 | |
791/2 |
16,548 | - | - | - | |
691/2 |
0 | 11,104 | 1,952 | 19,903 | |
6921 |
0 | 11,104 | 1,952 | 19,903 | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 04-11-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 96 days after the deadline. Filed on 4 November 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00601312.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -15,401 | 17,294 | 4,634 | 28,763 | ||
| -15,622 | 12,317 | 3,122 | 20,804 | ||
| 4,076 | 1,155 | 715 | 2,795 | ||
| -15,714 | 8,951 | -7,325 | - | ||
| 14,881 | 34,578 | 23,416 | 21,009 | ||
| 55.7% | 87.3% | 76.2% | 78.3% | ||
| 1.97 | 7.63 | 4.02 | 4.31 | ||
| 0.79 | 0.15 | 0.31 | 0.28 | ||
| -85.2% | 30.9% | 7.9% | 86.9% | ||
| -47.5% | 27.0% | 6.0% | 68.0% | ||
| -97.33 | over 100 | 15.07 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €4,076 | €1,155 | €715 | €2,795 |
| €926 | €1,213 | €1,170 | €901 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Celis Construct
The operating result for 2025 is a loss of €16,327, after a profit of €16,081 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 12.7% to 44.3%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 04-03-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 04-11-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 10-03-2021
Mandates through the years
1 name, the dashed line is todayTim CELIS
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Tim CELIS
- Director (not named in the articles), from 04-03-2021 to date
Control
Capital
- Contribution
- €3,000
- Source
- deed of 10-03-2021
Articles of association
deed of 10-03-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 10:00
Founder
At incorporation
deed of 10-03-2021 ↗
- Tim CELIS sole founder · 100% at incorporation
Network & group
No group
Celis Construct has no parent and no holdings in its annual accounts. Tim CELIS is the only director. Celis Construct shares no director with another company.
At the same address
Philips de Monteplein 29, 2650 Edegem · 1 other company| Sara Torfs
registered office since 18-12-2018 |
founded in 2018 0715.929.977 |
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
Address
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 96 days late
Registered office moved from Boechout to EdegemNew registered office: Philips de Monteplein 29, 2650 Edegem · Previous registered office: Provinciesteenweg 523, 2530 Boechout · Permanent representative: Frédéric Bogaerts5 points ▸
- Registered office clause, Provinciesteenweg 523, 2530 Boechout
- Registered-office move, Philips de Monteplein 29, 2650 Edegem
- Power of attorney, BV Cools Tax & Accountancy
- Power of attorney, Solutaccs Consulting BV
- Permanent representative, Frédéric Bogaerts
2025
Weakest financial year net -€16,548 The net result drops to -€16,548, the lowest from 2022 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0764787887
Annual accounts 2024 filed PDFmicro format · 21 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 35 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 131 days before the deadline
2021
IncorporationFounding capital of €3,000 · Founder: Tim CELIS (sole founder) · Appointment: Tim CELIS (director) · published on 10-03-20214 points ▸
First establishment Philips de Monteplein 29, Edegem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0764.787.887
- VAT number
- BE 0764.787.887
- Peppol ID
- 0208:0764787887
- Other Peppol ID
- 9925:BE0764787887
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-03-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 10:00deed of 10-03-2021 (in Dutch)
- Peppol
- Reachable since 24-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Celis Construct in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 10-03-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Provinciesteenweg 523, 2530 Boechout”deed of 10-03-2021 (in Dutch)
Activities
NACEBEL 202516230
Manufacture of other builders' carpentry and joinery main activity
25530
Machining of metals
Codes under NACEBEL 2008
16230
Manufacture of other builders' carpentry and joinery main activity
01610
Support activities for crop production
25620
Manufacture of fabricated metal products, except machinery and equipment
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Vervaardigen en bewerken van artikelen van hout; Vervaardiging van meubelen; Vervaardiging van ander schrijn- en timmerwerk; Loonwerk…”deed of 10-03-2021 (in Dutch)
13 activities
- Vervaardigen en bewerken van artikelen van hout
- Vervaardiging van meubelen
- Vervaardiging van ander schrijn- en timmerwerk
- Loonwerk waaronder o.a.begrepen grondwerken,afbraakwerken en transport
- Adviesverlening in de meest ruime betekenis van het woord
- Het geven van trainingen en cursussen in voornoemde gebieden
- Warmtebehandeling van metaal
- Laswerken
- Het afbramen,zandstralen,trommelpolijsten en reinigen van metaal
- Het verven en graveren van metaal
- Het bekleden van metaal met andere beschermende of decoratieve materialen dan metaal
- Het harden en poetsen van metaal
- Het plateren en anodiseren van metaal
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Philips de Monteplein 29 registered office 2650 Edegem | 08-03-2021 | 2.314.519.275 |
Buildings and parcels at the address
- Ground area
- 201 m²
- Buildings
- 53 m²
- Volume, LiDAR
- 495 m³
- Tallest building
- 11.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11013A0005/00D002 | 201 m² | 1 · 53 m² | 11.2 m · 3 |