Celodesign
ActiveSummary
Celodesign has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €293k and a net result of €67k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+8
Solvency73▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.64 in 2024; short-term debt: 51.3% and cash: 16.2% of total assets), but 51.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
48.3%
Return on assets
11%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
41 d early
2023
43 d early
2022
18 d early
2021
31 d early
2020
37 d early
2019
16 d early
← 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
€293k▲ 29.1%
2024 · €227k
2018: €20klowest in 8 years
2019: €48k▲ +137% vs 2018
2020: €93k▲ +93.3% vs 2019
2021: €114k▲ +22.0% vs 2020
2022: €158k▲ +38.7% vs 2021
2023: €199k▲ +26.2% vs 2022
2024: €227k▲ +14.1% vs 2023
2025: €293k▲ +29.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€607k▲ 7.6%
2024 · €564k
2018: €571k
2019: €611k▲ +7.0% vs 2018
2020: €608k▼ -0.4% vs 2019
2021: €612k▲ +0.5% vs 2020
2022: €603k▼ -1.3% vs 2021
2023: €621k▲ +2.9% vs 2022highest in 8 years
2024: €564k▼ -9.1% vs 2023lowest in 8 years
2025: €607k▲ +7.6% vs 2024
2018 → 2025
Net result
€67k▲ 132%
2024 · €29k
2018: €9klowest in 8 years
2019: €28k▲ +221% vs 2018
2020: €45k▲ +61.5% vs 2019
2021: €21k▼ -52.6% vs 2020
2022: €45k▲ +110% vs 2021
2023: €42k▼ -5.9% vs 2022
2024: €29k▼ -31.6% vs 2023
2025: €67k▲ +132% vs 2024highest in 8 years
2018 → 2025
Working capital
€277k▲ 31.6%
2024 · €210k
2018: €82klowest in 8 years
2019: €114k▲ +39.0% vs 2018
2020: €143k▲ +25.8% vs 2019
2021: €151k▲ +5.8% vs 2020
2022: €180k▲ +18.8% vs 2021
2023: €187k▲ +3.8% vs 2022
2024: €210k▲ +12.7% vs 2023
2025: €277k▲ +31.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€158k▲ 38.7%€199k▲ 26.2%€227k▲ 14.1%€293k▲ 29.1%
2021: €114klowest in 5 years
2022: €158k▲ +38.7% vs 2021
2023: €199k▲ +26.2% vs 2022
2024: €227k▲ +14.1% vs 2023
2025: €293k▲ +29.1% vs 2024highest in 5 years
Operating result€37k-€69k▲ 87.3%€64k▼ 6.8%€49k▼ 23.6%€97k▲ 97.7%
2021: €37klowest in 5 years
2022: €69k▲ +87.3% vs 2021
2023: €64k▼ -6.8% vs 2022
2024: €49k▼ -23.6% vs 2023
2025: €97k▲ +97.7% vs 2024highest in 5 years
Net result€21k-€45k▲ 110%€42k▼ 5.9%€29k▼ 31.6%€67k▲ 132%
2021: €21klowest in 5 years
2022: €45k▲ +110% vs 2021
2023: €42k▼ -5.9% vs 2022
2024: €29k▼ -31.6% vs 2023
2025: €67k▲ +132% vs 2024highest in 5 years
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 98% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607k
Fixed assets
€18k ▼ 29.2%
Current assets
€589k ▲ 9.4%
Equity and liabilities €607k
Equity
€293k ▲ 29.1%
Debt
€314k ▼ 6.9%
Debt's share of the balance-sheet total falls from 59.8% to 51.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105k▲
2024 · €58k
Cash flow
€75k▲
2024 · €38k
Current ratio
1.89▲
2024 · 1.64
Quick ratio
0.32▲
2024 · 0.10
Debt to equity
1.07▼
2024 · 1.49
ROE
22.8%▲
2024 · 12.7%
ROA
11.0%▲
2024 · 5.1%
Interest coverage
18.37▲
2024 · 6.63
Debt ≤ 1 year
€312k▼
2024 · €328k
Debt > 1 year
€2k▼
2024 · €10k
Income taxes
€26k▲
2024 · €13k
Staff costs
€46k▲
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€564k€607k▲
Fixed assets21/28€26k€18k▼
Tangible fixed assets22/27€26k€18k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€22k€15k▼
Financial fixed assets28€285€285=
Current assets29/58€538k€589k▲
Stocks and contracts in progress3€506k€487k▼
Stocks30/36€506k€487k▼
Amounts receivable within one year40/41€8k€199▼
Trade receivables40€3k€199▼
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€21k€98k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€564k€607k▲
Equity10/15€227k€293k▲
Contributions10/11€6k€6k=
Reserves13€221k€287k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€221k€287k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€337k€314k▼
Amounts payable after more than one year17€10k€2k▼
Financial debts170/4€10k€2k▼
Amounts payable within one year42/48€328k€312k▼
Current portion of amounts payable after more than one year42€13k€7k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€18k€22k▲
Suppliers440/4€18k€22k▲
Taxes, remuneration and social security45€15k€25k▲
Taxes450/3€6k€14k▲
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€282k€257k▼
Income statement
Code20242025
Remuneration, social security and pensions62€45k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€-15k▼
Other operating charges640/8€971€1k▲
Gross operating margin9900€119k€137k▲
Operating profit (loss)9901€49k€97k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€41k€93k▲
Income taxes67/77€13k€26k▲
Profit (loss) for the period9904€29k€67k▲
Profit (loss) for the period to be appropriated9905€29k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€67k▲
Transfer from equity791/2€859€859=
Transfer to equity691/2€29k€67k▲
To other reserves6921€29k€67k▲
Profit to be distributed694/7€859€859=
Return on contributions (dividend)694€859€859=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €40k | €42k | €45k | €46k | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €8k | €6k | €9k | €8k | ▼ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15k | €-15k | ▼ 200% |
| Other operating charges640/8 | - | €581 | €2k | €971 | €1k | ▲ 40.2% |
| Gross operating margin9900 | €83k | €117k | €115k | €119k | €137k | ▲ 15.4% |
| Operating profit (loss)9901 | €37k | €69k | €64k | €49k | €97k | ▲ 97.7% |
| Financial income75/76B | - | €551 | €1k | €1k | €2k | ▲ 90.3% |
| Recurring financial income75 | €1k | €551 | €1k | €1k | €2k | ▲ 90.3% |
| Financial charges65/66B | - | €7k | €7k | €9k | €6k | ▼ 34.3% |
| Recurring financial charges65 | €8k | €7k | €7k | €9k | €6k | ▼ 34.3% |
| Profit (loss) for the period before taxes9903 | €30k | €62k | €59k | €41k | €93k | ▲ 125% |
| Income taxes67/77 | €8k | €18k | €17k | €13k | €26k | ▲ 109% |
| Profit (loss) for the period9904 | €21k | €45k | €42k | €29k | €67k | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €21k | €45k | €42k | €29k | €67k | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €612k | €603k | €621k | €564k | €607k | ▲ 7.6% |
| Fixed assets21/28 | €11k | €3k | €35k | €26k | €18k | ▼ 29.2% |
| Tangible fixed assets22/27 | €11k | €3k | €35k | €26k | €18k | ▼ 29.5% |
| Plant, machinery and equipment23 | - | - | €6k | €4k | €3k | ▼ 29.7% |
| Furniture and vehicles24 | - | €3k | €29k | €22k | €15k | ▼ 29.5% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | - | - | €285 | €285 | €285 | = |
| Current assets29/58 | €601k | €600k | €586k | €538k | €589k | ▲ 9.4% |
| Stocks and contracts in progress3 | €531k | €548k | €536k | €506k | €487k | ▼ 3.6% |
| Stocks30/36 | - | €548k | €536k | €506k | €487k | ▼ 3.6% |
| Amounts receivable within one year40/41 | €166 | €2k | €25k | €8k | €199 | ▼ 97.6% |
| Trade receivables40 | - | €197 | €0 | €3k | €199 | ▼ 93.5% |
| Other amounts receivable41 | - | €2k | €25k | €5k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €66k | €47k | €22k | €21k | €98k | ▲ 369% |
| Deferred charges and accrued income490/1 | - | €3k | €4k | €3k | €3k | ▼ 15.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €612k | €603k | €621k | €564k | €607k | ▲ 7.6% |
| Equity10/15 | €114k | €158k | €199k | €227k | €293k | ▲ 29.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €108k | €151k | €193k | €221k | €287k | ▲ 29.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €150k | €191k | €221k | €287k | ▲ 29.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €498k | €446k | €422k | €337k | €314k | ▼ 6.9% |
| Amounts payable after more than one year17 | €49k | €25k | €23k | €10k | €2k | ▼ 74.5% |
| Financial debts170/4 | - | €25k | €23k | €10k | €2k | ▼ 74.5% |
| Amounts payable within one year42/48 | €449k | €420k | €399k | €328k | €312k | ▼ 4.9% |
| Current portion of amounts payable after more than one year42 | - | €23k | €26k | €13k | €7k | ▼ 45.4% |
| Financial debts43 | - | €3k | €3k | €0 | - | - |
| Credit institutions430/8 | - | €3k | €3k | €0 | - | - |
| Trade debts44 | €103k | €64k | €67k | €18k | €22k | ▲ 24.6% |
| Suppliers440/4 | - | €64k | €67k | €18k | €22k | ▲ 24.6% |
| Taxes, remuneration and social security45 | - | €28k | €14k | €15k | €25k | ▲ 71.8% |
| Taxes450/3 | - | €18k | €3k | €6k | €14k | ▲ 127% |
| Remuneration and social security454/9 | - | €10k | €11k | €9k | €11k | ▲ 31.8% |
| Other amounts payable47/48 | - | €303k | €291k | €282k | €257k | ▼ 9.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €45k | €42k | €29k | €67k | ▲ 132% |
| + Depreciation and write-downs630 | €10k | €8k | €6k | €9k | €8k | ▼ 5.6% |
| Operating cash flow (approximation) | €31k | €53k | €48k | €38k | €75k | ▲ 100% |
| Investment in fixed assets (approximation) | - | €0 | €-38k | €0 | €-630 | - |
| Change in cash | - | €-19k | €-25k | €-576 | €77k | ▲ 13,519% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €67k ▲132%
Operating result €97k, net result €67k, both a record.
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200kEq €227k ▲14.1%
7 profitable years in a row build equity to €227k.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150kEq €158k ▲38.7%
5 profitable years in a row build equity to €158k.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €114k ▲22%
4 profitable years in a row build equity to €114k.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Tielt · 1 establishment unit since 2013
Ground area
461 m²
Building footprint
174 m²
Volume, LiDAR
966 m³
Parcel 37015K0842/00C000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Celodesign
since 20132.219.833.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015K0842/00C000 | Flanders | 461 m² | 1 · 174 m² | 9.6 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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EPRIS
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Of 2,016 companies in sector 47770 we hold annual accounts for 897. 665 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
Founded06-06-2013
Fiscal year end30-09
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
Scores and ratios are computed by Checked and are not a credit decision.