CELMAT
ActiveSummary
CELMAT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259k and a net result of €60k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 95% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+9
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 17.24 against 9.39 in 2024; short-term debt: 5.7% and cash: 79.8% of total assets), and 5.7% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
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
94.3%
Return on assets
22%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-01-2026, 106 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
106 d early
2024
on the day
2023
5 d early
2022
12 d early
2021
2 d early
2020
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€259k▲ 30.5%
2024 · €198k
Total assets
€274k▲ 24.1%
2024 · €221k
Net result
€60k▲ 86.7%
2024 · €32k
Working capital
€252k▲ 32.2%
2024 · €191k
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€50k▼ 40.6%€46k▼ 7.0%€64k▲ 37.4%€47k▼ 26.4%€81k▲ 73.1%
Net result€34k▼ 38.6%€31k▼ 8.7%€44k▲ 39.9%€32k▼ 26.0%€60k▲ 86.7%
Equity€91k▲ 46.8%€122k▲ 34.4%€166k▲ 35.8%€198k▲ 19.5%€259k▲ 30.5%
Total assets€118k▲ 25.3%€152k▲ 28.8%€182k▲ 19.9%€221k▲ 21.2%€274k▲ 24.1%
Debt€27k▼ 16.0%€30k▲ 10.3%€16k▼ 45.0%€23k▲ 38.3%€16k▼ 31.7%
Working capital€83k▲ 57.2%€116k▲ 39.8%€159k▲ 36.9%€191k▲ 20.4%€252k▲ 32.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 73% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274k
Fixed assets
€6k ▼ 14.2%
Current assets
€268k ▲ 25.4%
Equity and liabilities €274k
Equity
€259k ▲ 30.5%
Debt
€16k ▼ 31.7%
Debt's share of the balance-sheet total falls from 10.3% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2024 · €49k
Cash flow
€63k▲
2024 · €34k
Current ratio
17.24▲
2024 · 9.39
Quick ratio
16.87▲
2024 · 9.04
Debt to equity
0.06▼
2024 · 0.11
ROE
23.4%▲
2024 · 16.3%
ROA
22.0%▲
2024 · 14.6%
Interest coverage
656.62▲
2024 · 355.47
Debt ≤ 1 year
€16k▼
2024 · €23k
Income taxes
€25k▲
2024 · €14k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €945 | €1k | €2k | €2k | ▲ 11.0% |
| Other operating charges640/8 | €614 | €159 | €1k | €424 | €387 | ▼ 8.6% |
| Non-recurring operating charges66A | - | €5k | €0 | - | - | - |
| Gross operating margin9900 | €52k | €52k | €66k | €49k | €84k | ▲ 69.9% |
| Operating profit (loss)9901 | €50k | €46k | €64k | €47k | €81k | ▲ 73.1% |
| Financial income75/76B | €1k | €1k | €844 | €0 | €4k | ▲ 4,042,020% |
| Recurring financial income75 | €1k | €1k | €844 | €0 | €4k | ▲ 4,042,020% |
| Financial charges65/66B | €277 | €1k | €2k | €138 | €127 | ▼ 7.7% |
| Recurring financial charges65 | €277 | €1k | €2k | €138 | €127 | ▼ 7.7% |
| Profit (loss) for the period before taxes9903 | €51k | €46k | €63k | €47k | €85k | ▲ 81.9% |
| Income taxes67/77 | €16k | €15k | €19k | €14k | €25k | ▲ 71.2% |
| Profit (loss) for the period9904 | €34k | €31k | €44k | €32k | €60k | ▲ 86.7% |
| Profit (loss) for the period to be appropriated9905 | €34k | €31k | €44k | €32k | €60k | ▲ 86.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118k | €152k | €182k | €221k | €274k | ▲ 24.1% |
| Fixed assets21/28 | €8k | €6k | €7k | €7k | €6k | ▼ 14.2% |
| Tangible fixed assets22/27 | €8k | €6k | €7k | €7k | €6k | ▼ 21.0% |
| Land and buildings22 | €8k | €4k | €3k | - | - | - |
| Furniture and vehicles24 | €40 | €2k | €4k | €4k | €4k | ▼ 12.4% |
| Other tangible fixed assets26 | - | - | - | €3k | €2k | ▼ 31.5% |
| Financial fixed assets28 | - | - | - | - | €500 | - |
| Current assets29/58 | €110k | €146k | €175k | €214k | €268k | ▲ 25.4% |
| Stocks and contracts in progress3 | - | €8k | €8k | €8k | €6k | ▼ 27.3% |
| Stocks30/36 | - | €8k | €8k | €8k | €6k | ▼ 27.3% |
| Amounts receivable within one year40/41 | €30k | €40k | €36k | €51k | €43k | ▼ 15.3% |
| Trade receivables40 | €15k | €23k | €18k | €18k | €16k | ▼ 13.1% |
| Other amounts receivable41 | €14k | €17k | €17k | €33k | €27k | ▼ 16.5% |
| Current investments50/53 | - | - | - | €100k | - | - |
| Cash at bank and in hand54/58 | €78k | €95k | €130k | €55k | €219k | ▲ 300% |
| Deferred charges and accrued income490/1 | €2k | €2k | €594 | €238 | €194 | ▼ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118k | €152k | €182k | €221k | €274k | ▲ 24.1% |
| Equity10/15 | €91k | €122k | €166k | €198k | €259k | ▲ 30.5% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €90k | €121k | €165k | €197k | €258k | ▲ 30.6% |
| Distributable reserves133 | €90k | €121k | €165k | €197k | €258k | ▲ 30.6% |
| Amounts payable17/49 | €27k | €30k | €16k | €23k | €16k | ▼ 31.7% |
| Amounts payable within one year42/48 | €27k | €30k | €16k | €23k | €16k | ▼ 31.7% |
| Trade debts44 | €5k | €7k | €1k | €4k | €6k | ▲ 56.6% |
| Suppliers440/4 | €5k | €7k | €1k | €4k | €6k | ▲ 56.6% |
| Taxes, remuneration and social security45 | €22k | €23k | €15k | €19k | €9k | ▼ 51.1% |
| Taxes450/3 | €22k | €23k | €15k | €19k | €9k | ▼ 51.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €31k | €44k | €32k | €60k | ▲ 86.7% |
| + Depreciation and write-downs630 | €1k | €945 | €1k | €2k | €2k | ▲ 11.0% |
| Operating cash flow (approximation) | €35k | €32k | €45k | €34k | €63k | ▲ 82.4% |
| Investment in fixed assets (approximation) | - | €742 | €-2k | €-2k | €-1k | ▲ 39.5% |
| Change in cash | - | €17k | €35k | €-76k | €164k | ▲ 317% |
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
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2020net €60k ▲86.7%
Net result €60k, the highest in the series.
30-09
Financial
Equity above €200kEq €259k ▲30.5%
6 profitable years in a row build equity to €259k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 10.64
Current ratio from 4.87 to 10.64; short-term debt falls from €30k to €16k.
30-09
Financial
Equity above €150kEq €166k ▲35.8%
4 profitable years in a row build equity to €166k.
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €31k ▼8.7%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €100kEq €122k ▲34.4%
3 profitable years in a row build equity to €122k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Dilbeek · 1 establishment unit since 2018
Ground area
1.1 ha
Building footprint
183 m²
Volume, LiDAR
1,076 m³
Parcel 23070D0291/00F000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CELMAT
since 20182.283.141.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23070D0291/00F000 | Flanders | 1.1 ha | 1 · 183 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,461 EUR awarded · 2,461 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,148 EUR | 1,148 EUR |
| 2024 | 1 | 1,074 EUR | 1,074 EUR |
| 2023 | 1 | 239 EUR | 239 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,988 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
Founded12-12-2018
Fiscal year end30-09
Trade name NL
BILLYVINI
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
46341Wholesale of wines and spirits
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
Contact
Website
billyvini.be/Dilbeek
Scores and ratios are computed by Checked and are not a credit decision.