Cellows
ActiveSummary
Cellows has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,257 and a net result of -€21,383. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-11
Solvency34▼-5
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.07 in 2024; short-term debt: 57.2% and cash: 18.7% of total assets), and 91.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.9%
Return on assets
-5.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 17123 sector peers (2025).
NBB · sector comparisonPosition among 17123 sector peers
Solvency
better than 14%
← weakest
strongest →
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 13-01-2026, 18 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
18 d early
2024
18 d early
2023
23 d early
2022
5 d early
2021
28 d early
← 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 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,257▼ 42.4%
2024 · €59,430
Total assets
€384,454▼ 12.2%
2024 · €438,013
Net result
-€21,383
2024 · €15,594
Working capital
-€148,287▲ 58.0%
2024 · -€352,731
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,767-€27,513▲ 86.3%€31,904▲ 16.0%€15,714▼ 50.7%-€19,459
Net result€14,712-€27,413▲ 86.3%€29,710▲ 8.4%€15,594▼ 47.5%-€21,383
Equity€16,712-€44,126▲ 164%€73,836▲ 67.3%€59,430▼ 19.5%€34,257▼ 42.4%
Total assets€281,968-€289,384▲ 2.6%€160,488▼ 44.5%€438,013▲ 173%€384,454▼ 12.2%
Debt€265,255-€245,258▼ 7.5%€86,653▼ 64.7%€378,583▲ 337%€350,197▼ 7.5%
Working capital-€215,879--€160,874▲ 25.5%-€80,395▲ 50.0%-€352,731▼ 339%-€148,287▲ 58.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19,459 after €15,714 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €384,454
Fixed assets
€312,657 ▼ 24.1%
Current assets
€71,797 ▲ 178%
Equity and liabilities €384,454
Equity
€34,257 ▼ 42.4%
Debt
€350,197 ▼ 7.5%
Debt's share of the balance-sheet total rises from 86.4% to 91.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€99,826▲
2024 · €81,792
Cash flow
€97,901▲
2024 · €81,672
Current ratio
0.33▲
2024 · 0.07
Debt to equity
10.22▲
2024 · 6.37
ROE
-62.4%▼
2024 · 26.2%
ROA
-5.6%▼
2024 · 3.6%
Interest coverage
51.87▼
2024 · 681.60
Debt ≤ 1 year
€220,083▼
2024 · €378,583
Debt > 1 year
€130,114
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 | - | €48,843 | €50,768 | €66,078 | €119,284 | ▲ 80.5% |
| Other operating charges640/8 | - | €355 | €450 | - | €786 | - |
| Gross operating margin9900 | €15,240 | €76,711 | €83,122 | €81,792 | €100,612 | ▲ 23.0% |
| Operating profit (loss)9901 | €14,767 | €27,513 | €31,904 | €15,714 | -€19,459 | ▼ 224% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €100 | €100 | €120 | €1,925 | ▲ 1,504% |
| Recurring financial charges65 | €55 | €100 | €100 | €120 | €1,925 | ▲ 1,504% |
| Profit (loss) for the period before taxes9903 | €14,712 | €27,413 | €31,804 | €15,594 | -€21,383 | ▼ 237% |
| Income taxes67/77 | - | - | €2,094 | - | - | - |
| Profit (loss) for the period9904 | €14,712 | €27,413 | €29,710 | €15,594 | -€21,383 | ▼ 237% |
| Profit (loss) for the period to be appropriated9905 | €14,712 | €27,413 | €29,710 | €15,594 | -€21,383 | ▼ 237% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,968 | €289,384 | €160,488 | €438,013 | €384,454 | ▼ 12.2% |
| Fixed assets21/28 | €232,591 | €204,999 | €154,231 | €412,160 | €312,657 | ▼ 24.1% |
| Intangible fixed assets21 | - | €204,999 | €154,231 | €412,160 | €306,429 | ▼ 25.7% |
| Tangible fixed assets22/27 | €232,591 | - | - | - | €3,978 | - |
| Furniture and vehicles24 | - | - | - | - | €3,978 | - |
| Financial fixed assets28 | - | - | - | - | €2,250 | - |
| Current assets29/58 | €49,376 | €84,384 | €6,258 | €25,853 | €71,797 | ▲ 178% |
| Amounts receivable within one year40/41 | €45,186 | €76,230 | - | €18,777 | - | - |
| Trade receivables40 | - | €76,230 | - | €5,445 | - | - |
| Other amounts receivable41 | - | - | - | €13,332 | - | - |
| Cash at bank and in hand54/58 | €4,190 | €8,154 | €6,258 | €7,075 | €71,797 | ▲ 915% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,968 | €289,384 | €160,488 | €438,013 | €384,454 | ▼ 12.2% |
| Equity10/15 | €16,712 | €44,126 | €73,836 | €59,430 | €34,257 | ▼ 42.4% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €14,712 | €42,126 | €71,836 | €57,430 | €32,257 | ▼ 43.8% |
| Amounts payable17/49 | €265,255 | €245,258 | €86,653 | €378,583 | €350,197 | ▼ 7.5% |
| Amounts payable after more than one year17 | - | - | - | - | €130,114 | - |
| Financial debts170/4 | - | - | - | - | €130,114 | - |
| Amounts payable within one year42/48 | €265,255 | €245,258 | €86,653 | €378,583 | €220,083 | ▼ 41.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €64,601 | - |
| Trade debts44 | €238,255 | €176,002 | €14,866 | €313,296 | €3,269 | ▼ 99.0% |
| Suppliers440/4 | - | €176,002 | €14,866 | €313,296 | €3,269 | ▼ 99.0% |
| Taxes, remuneration and social security45 | - | €4,256 | €6,500 | - | €9,411 | - |
| Taxes450/3 | - | €4,256 | €6,500 | - | €9,411 | - |
| Other amounts payable47/48 | - | €65,000 | €65,287 | €65,287 | €142,802 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,712 | €27,413 | €29,710 | €15,594 | -€21,383 | ▼ 237% |
| + Depreciation and write-downs630 | - | €48,843 | €50,768 | €66,078 | €119,284 | ▲ 80.5% |
| Operating cash flow (approximation) | €14,712 | €76,256 | €80,479 | €81,672 | €97,901 | ▲ 19.9% |
| Investment in fixed assets (approximation) | - | -€21,251 | €0 | -€324,008 | -€19,781 | ▲ 93.9% |
| Change in cash | - | €3,964 | -€1,897 | €818 | €64,721 | ▲ 7,815% |
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
2026
13-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€21,383
Net result drops to -€21,383, the lowest in the series.
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2021net €29,710 ▲8.4%
Operating result €31,904, net result €29,710, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brasschaat · 1 establishment unit since 2020
Ground area
718 m²
Building footprint
139 m²
Volume, LiDAR
865 m³
Parcel 11322E0376/00V000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Cellows
since 20202.309.061.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0376/00V000 | Flanders | 718 m² | 1 · 139 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,492 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
Founded29-10-2020
Fiscal year end30-06
Activities, NACEBEL 2025
62100Computer programming
Contact
Website
www.cellows.be
E-mail
bestuur@cellows.be
Scores and ratios are computed by Checked and are not a credit decision.