CELKO SHIPPING
ActiveCELKO SHIPPING has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €896k and a net result of €92k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52=
Solvency74▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.81 in 2024), and 36.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 50
Relative position
BE, all sectors
reference
Sector 50
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
63.9%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
35 d early
2023
30 d late
2022
18 d late
2021
1 d late
2020
18 d late
2019
26 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€896k▲ 11.5%
2024 · €804k
2018: €20k
2019: €291k
2020: €413k
2021: €510k
2022: €600k
2023: €720k
2024: €804k
2018 → 2025
Total assets
€1.40M▼ 0.7%
2024 · €1.41M
2018: €29k
2019: €389k
2020: €512k
2021: €634k
2022: €1.44M
2023: €1.39M
2024: €1.41M
2018 → 2025
Net result
€92k▲ 9.8%
2024 · €84k
2018: €139k
2019: €41k
2020: €122k
2021: €97k
2022: €90k
2023: €120k
2024: €84k
2018 → 2025
Working capital
€-18k▲ 56.6%
2024 · €-42k
2018: €20k
2019: €308k
2020: €427k
2021: €526k
2022: €-23k
2023: €-35k
2024: €-42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€510k-€600k▲ 17.6%€720k▲ 20.0%€804k▲ 11.7%€896k▲ 11.5%
Operating result€134k-€134k▲ 0.1%€196k▲ 46.5%€144k▼ 26.8%€141k▼ 2.0%
Net result€97k-€90k▼ 7.3%€120k▲ 33.5%€84k▼ 29.6%€92k▲ 9.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€1.27M▲ 2.2%
Current assets
€135k▼ 21.4%
Equity and liabilities €1.40M
Equity
€896k▲ 11.5%
Debt
€507k▼ 16.8%
The debt ratio falls from 43.1% to 36.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€148k▼
2024 · €149k
Cash flow
€100k▲
2024 · €89k
Solvency
63.9%▲
2024 · 56.9%
Current ratio
0.88▲
2024 · 0.81
Quick ratio
0.88▲
2024 · 0.81
Debt / equity
0.57▼
2024 · 0.76
ROE
10.3%▼
2024 · 10.5%
ROA
6.6%▲
2024 · 6.0%
Interest coverage
6.82▲
2024 · 4.35
Debt
€507k▼
2024 · €609k
Debt ≤ 1 year
€153k▼
2024 · €213k
Debt > 1 year
€354k▼
2024 · €396k
Income taxes
€26k▲
2024 · €25k
Staff costs
€13k▲
2024 · €7k
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€1.41M€1.40M▼
Fixed assets21/28€1.24M€1.27M▲
Tangible fixed assets22/27€14k€41k▲
Plant, machinery and equipment23€14k€16k▲
Furniture and vehicles24-€25k
Financial fixed assets28€1.23M€1.23M=
Current assets29/58€172k€135k▼
Amounts receivable within one year40/41€61k€41k▼
Trade receivables40€55k€32k▼
Other amounts receivable41€5k€9k▲
Cash at bank and in hand54/58€107k€88k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.40M▼
Equity10/15€804k€896k▲
Contributions10/11€250k€250k=
Reserves13€554k€646k▲
Distributable reserves133€554k€646k▲
Amounts payable17/49€609k€507k▼
Amounts payable after more than one year17€396k€354k▼
Financial debts170/4€396k€354k▼
Amounts payable within one year42/48€213k€153k▼
Current portion of amounts payable after more than one year42€111k€111k=
Financial debts43€10k€10k▼
Credit institutions430/8€10k€10k▼
Trade debts44€60k€31k▼
Suppliers440/4€60k€31k▼
Taxes, remuneration and social security45€31k€269▼
Taxes450/3€31k€269▼
Other amounts payable47/48€146€146=
Income statement
Code20242025
Remuneration, social security and pensions62€7k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲
Other operating charges640/8€2k€628▼
Gross operating margin9900€157k€162k▲
Operating profit (loss)9901€144k€141k▼
Financial income75/76B€11€19▲
Recurring financial income75€11€19▲
Financial charges65/66B€34k€22k▼
Recurring financial charges65€34k€22k▼
Profit (loss) for the period before taxes9903€109k€119k▲
Income taxes67/77€25k€26k▲
Profit (loss) for the period9904€84k€92k▲
Profit (loss) for the period to be appropriated9905€84k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€92k▲
Transfer to equity691/2€84k€92k▲
To other reserves6921€84k€92k▲
The notes to these accounts (8 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Equity above €500kEq €510k ▲23.4%
4 profitable years in a row build equity to €510k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €41k ▼70.5%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €291k ▲1323%
2 profitable years in a row build equity to €291k.
14-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ranst · 1 establishment unit since 2014
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.
Rundvoortstraat 32520 RanstGround area
1.2 ha
Building footprint
7,469 m²
Volume, LiDAR
52,113 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CELKO SHIPPING
since 20142.229.252.713
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1595/67G000 | Flanders | 1.2 ha | 1 · 7,448 m² | 8.2 m · 2 fl. |
| 11031C0540/00K002 | Flanders | 244 m² | 1 · 21 m² | 2.9 m |
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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 600 EUR awarded · 600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 206 EUR | 206 EUR |
| 2023 | 1 | 394 EUR | 394 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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ETABLISSEMENTS VERKENS
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Of 1,339 companies in sector 50400 we hold annual accounts for 392. 304 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-1996
Fiscal year end31-12
Activities, NACEBEL
50400Inland freight water transport
52220Warehousing and support activities for transportation
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.