CELLOR
ActiveSummary
CELLOR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €530,895 and a net result of €3,944. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▲+10
Solvency83▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 1.22 in 2024; short-term debt: 6.4% and cash: 0.3% of total assets), and 42.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
57.8%
Return on assets
0.4%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
43 d early
2023
43 d early
2022
64 d early
2021
56 d early
2020
44 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,944
2024 · -€28,143
Working capital
-€21,886
2024 · €10,402
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€63,452▼ 15.2%€59,710▼ 5.9%€57,654▼ 3.4%-€31,557€23,286
Net result€71,630within the sector's middle half▲ 53.1%€39,740within the sector's middle half▼ 44.5%€86,111within the sector's middle half▲ 117%-€28,143below the sector's middle half€3,944within the sector's middle half
Equity€438,678within the sector's middle half▲ 19.5%€478,418within the sector's middle half▲ 9.1%€555,995within the sector's middle half▲ 16.2%€527,852within the sector's middle half▼ 5.1%€530,895within the sector's middle half▲ 0.6%
Total assets€564,556below the sector's middle half▲ 6.6%€567,056below the sector's middle half▲ 0.4%€613,034below the sector's middle half▲ 8.1%€859,249below the sector's middle half▲ 40.2%€919,121below the sector's middle half▲ 7.0%
Debt€125,879▼ 22.7%€88,638▼ 29.6%€57,040▼ 35.6%€331,397▲ 481%€388,226▲ 17.1%
Working capital-€9,574within the sector's middle half▲ 17.0%-€9,285within the sector's middle half▲ 3.0%€40,811within the sector's middle half€10,402within the sector's middle half▼ 74.5%-€21,886within the sector's middle half
Solvency77.7%above the sector's middle half▲ 8.4pp84.4%above the sector's middle half▲ 6.7pp90.7%above the sector's middle half▲ 6.3pp61.4%above the sector's middle half▼ 29.3pp57.8%within the sector's middle half▼ 3.7pp
Current ratio0.85below the sector's middle half▲ 0.030.86below the sector's middle half▲ 0.011.73within the sector's middle half▲ 0.871.22within the sector's middle half▼ 0.510.63below the sector's middle half▼ 0.59
Return on assets (ROA)12.7%above the sector's middle half▲ 3.9pp7.0%within the sector's middle half▼ 5.7pp14.0%above the sector's middle half▲ 7.0pp-3.3%below the sector's middle half▼ 17.3pp0.4%within the sector's middle half▲ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23,286 after a loss of €31,557 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €919,121
Fixed assets
€882,412 ▲ 10.1%
Current assets
€36,709 ▼ 36.4%
Equity and liabilities €919,121
Equity
€530,895 ▲ 0.6%
Debt
€388,226 ▲ 17.1%
Debt's share of the balance-sheet total rises from 38.6% to 42.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35,348▲
2024 · -€26,598
Cash flow
€16,006▲
2024 · -€23,183
Debt to equity
0.73▲
2024 · 0.63
ROE
0.7%▲
2024 · -5.3%
Interest coverage
0.72▲
2024 · -2.32
Debt ≤ 1 year
€58,594▲
2024 · €47,301
Debt > 1 year
€327,196▲
2024 · €282,792
Income taxes
€233▼
2024 · €246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,579 | €0 | €418 | €4,960 | €12,062 | ▲ 143% |
| Other operating charges640/8 | - | €159 | €1,459 | €60,649 | €15,909 | ▼ 73.8% |
| Gross operating margin9900 | €68,450 | €59,869 | €59,531 | €34,051 | €51,257 | ▲ 50.5% |
| Operating profit (loss)9901 | €63,452 | €59,710 | €57,654 | -€31,557 | €23,286 | ▲ 174% |
| Financial income75/76B | - | €0 | €50,000 | €15,131 | €30,028 | ▲ 98.5% |
| Recurring financial income75 | €30,000 | €0 | €50,000 | €15,131 | €30,028 | ▲ 98.5% |
| Financial charges65/66B | - | €4,876 | €3,944 | €11,471 | €49,137 | ▲ 328% |
| Recurring financial charges65 | €6,135 | €4,876 | €3,944 | €11,471 | €49,137 | ▲ 328% |
| Profit (loss) for the period before taxes9903 | €87,317 | €54,834 | €103,710 | -€27,897 | €4,177 | ▲ 115% |
| Income taxes67/77 | €15,687 | €15,094 | €17,599 | €246 | €233 | ▼ 4.9% |
| Profit (loss) for the period9904 | €71,630 | €39,740 | €86,111 | -€28,143 | €3,944 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €71,630 | €39,740 | €86,111 | -€28,143 | €3,944 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €564,556 | €567,056 | €613,034 | €859,249 | €919,121 | ▲ 7.0% |
| Fixed assets21/28 | €510,586 | €510,586 | €516,572 | €801,547 | €882,412 | ▲ 10.1% |
| Tangible fixed assets22/27 | €32,000 | €32,000 | €37,986 | €322,961 | €403,826 | ▲ 25.0% |
| Land and buildings22 | - | €32,000 | €32,000 | €320,881 | €402,255 | ▲ 25.4% |
| Other tangible fixed assets26 | - | - | €5,986 | €2,079 | €1,571 | ▼ 24.4% |
| Financial fixed assets28 | €478,586 | €478,586 | €478,586 | €478,586 | €478,586 | = |
| Current assets29/58 | €53,970 | €56,470 | €96,463 | €57,702 | €36,709 | ▼ 36.4% |
| Amounts receivable within one year40/41 | €16,911 | €17,578 | €19,053 | €54,220 | €31,277 | ▼ 42.3% |
| Trade receivables40 | - | €12,672 | €16,652 | €34,426 | €11,433 | ▼ 66.8% |
| Other amounts receivable41 | - | €4,906 | €2,401 | €19,793 | €19,844 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €35,662 | €37,479 | €76,761 | €2,819 | €3,041 | ▲ 7.9% |
| Deferred charges and accrued income490/1 | - | €1,413 | €649 | €664 | €2,390 | ▲ 260% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €564,556 | €567,056 | €613,034 | €859,249 | €919,121 | ▲ 7.0% |
| Equity10/15 | €438,678 | €478,418 | €555,995 | €527,852 | €530,895 | ▲ 0.6% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €79,437 | €77,577 | €77,577 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €77,577 | €77,577 | €77,577 | = |
| Profit (loss) carried forward14 | €424,418 | €464,158 | €464,158 | €437,875 | €440,919 | ▲ 0.7% |
| Amounts payable17/49 | €125,879 | €88,638 | €57,040 | €331,397 | €388,226 | ▲ 17.1% |
| Amounts payable after more than one year17 | €61,457 | €22,354 | €377 | €282,792 | €327,196 | ▲ 15.7% |
| Financial debts170/4 | - | €22,354 | €377 | €282,792 | €327,196 | ▲ 15.7% |
| Amounts payable within one year42/48 | €63,545 | €65,755 | €55,651 | €47,301 | €58,594 | ▲ 23.9% |
| Current portion of amounts payable after more than one year42 | - | €39,103 | €21,978 | €7,443 | €15,361 | ▲ 106% |
| Trade debts44 | €1,409 | €1,254 | €833 | €3,992 | €6,959 | ▲ 74.3% |
| Suppliers440/4 | - | €1,254 | €833 | €3,992 | €6,959 | ▲ 74.3% |
| Taxes, remuneration and social security45 | - | €4,456 | €2,499 | €14,930 | €1,555 | ▼ 89.6% |
| Taxes450/3 | - | €4,456 | €2,499 | €13,430 | €1,555 | ▼ 88.4% |
| Remuneration and social security454/9 | - | - | - | €1,500 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €20,941 | €30,341 | €20,935 | €34,719 | ▲ 65.8% |
| Accrued charges and deferred income492/3 | - | €529 | €1,012 | €1,304 | €2,436 | ▲ 86.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,630 | €39,740 | €86,111 | -€28,143 | €3,944 | ▲ 114% |
| + Depreciation and write-downs630 | €4,579 | €0 | €418 | €4,960 | €12,062 | ▲ 143% |
| Operating cash flow (approximation) | €76,209 | €39,740 | €86,529 | -€23,183 | €16,006 | ▲ 169% |
| Investment in fixed assets (approximation) | - | €0 | -€6,404 | -€289,935 | -€92,928 | ▲ 67.9% |
| Change in cash | - | €1,817 | €39,282 | -€73,942 | €223 | ▲ 100% |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Back to profitnet €3,944
Net result €3,944 after one loss-making year.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet -€28,143
Net result drops to -€28,143, the lowest in the series; recovery starts the following year.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.86 to 1.73; short-term debt falls from €65,755 to €55,651.
30-06
Financial
Equity above €500,000Eq €555,995 ▲16.2%
5 profitable years in a row build equity to €555,995.
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Thuin · 1 establishment unit since 2011
Ground area
993 m²
Building footprint
99 m²
Volume, LiDAR
526 m³
2 parcels, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CELLOR
since 20112.204.475.844
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56039A0183/00D003 | Wallonia | 631 m² | 1 · 67 m² | 9.3 m · 3 fl. |
| 52025A0328/00M015 | Wallonia | 362 m² | 1 · 32 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-06-2025 of CELLOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900V4RVI7YFBBMV86
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Of 273 companies in sector 10510 we hold annual accounts for 121. 73 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2011
Fiscal year end30-06
Activities, NACEBEL 2025
10510Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840944270
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.