Equity
Celodesign has made a profit without a break since 2017.
Celodesign has made a profit without a break since 2017.
The last five annual accounts were filed 18 to 43 days before the end of the period.
Higher net result than 92% of companies in retail trade. Sector median €5,048 · 22,907 companies.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 63% of them on solvency, 43% on liquidity, 76% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as Celodesign has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Celodesign itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Celodesign. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.89 (1.64 in 2024), above the usual 1.5. Short-term debt is 51.3% and cash 16.2% of total assets. However, 51.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Celodesign Tielt | €607,104 | €137,225 | 48.3% | - |
| BARONIAN JEWELLERY Uccle | €539,292 | €151,652 | 55.6% | - |
| B-Trendy Harelbeke | €719,678 | €135,109 | 45.3% | - |
| Misakyan's Bruges | €521,100 | €165,458 | 49.6% | - |
| ARTHUS-BERTRAND BELGIQUE Brussels | €603,500 | €103,526 | -6.8% | 1.8 |
| YNB Jette | €667,251 | €117,161 | 33.4% | - |
| OR PAIRE Herve | €437,541 | €139,984 | 49.3% | - |
These companies have the same main activity as Celodesign: retail sale of watches and jewellery (NACE 47770). They are comparable in size and age: total assets between €438,000 and €720,000, founded between 2009 and 2017.
Celodesign files the micro format. That format states no turnover. The gross margin rose from €125,663 in 2014 to €137,225 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €420,000. Estimated: probably between €290,000 and €780,000.
Higher than 63% of 22,924 companies in 2025.
Higher than 61% of 22,052 companies in 2025.
Higher than 71% of 22,202 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and nobody left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
607,104 | 564,315 | 620,953 | 603,472 | 611,662 | 608,427 | 610,606 | 570,859 | 589,553 | 604,183 | 641,135 | 614,253 | |
21/28 |
18,465 | 26,078 | 34,810 | 3,106 | 10,880 | 20,678 | 26,194 | 2,985 | 5,238 | 7,725 | 7,141 | 10,907 | |
22/27 |
18,180 | 25,793 | 34,525 | 3,106 | 10,880 | 20,678 | 26,194 | 2,985 | 5,238 | 7,725 | 7,141 | 10,907 | |
23 |
2,988 | 4,248 | 5,508 | - | 0 | 270 | 540 | 810 | 1,080 | - | - | - | |
24 |
15,193 | 21,545 | 29,017 | 3,106 | 4,329 | 5,669 | 1,088 | 2,175 | 4,158 | 6,705 | 4,081 | 5,807 | |
26 |
- | - | - | 0 | 6,551 | 14,740 | 24,566 | - | - | 1,020 | 3,060 | 5,100 | |
28 |
285 | 285 | 285 | - | - | - | - | - | - | - | - | - | |
29/58 |
588,638 | 538,237 | 586,143 | 600,366 | 600,783 | 587,749 | 584,412 | 567,873 | 584,315 | 596,457 | 633,994 | 603,347 | |
3 |
487,453 | 505,823 | 536,259 | 548,075 | 531,235 | 514,988 | 514,492 | 552,394 | 570,184 | 589,250 | 620,452 | 582,288 | |
30/36 |
487,453 | 505,823 | 536,259 | 548,075 | 531,235 | 514,988 | 514,492 | 552,394 | 570,184 | 589,250 | 620,452 | 582,288 | |
40/41 |
199 | 8,226 | 24,628 | 2,161 | 166 | 6,342 | 16,758 | 10,077 | 7,422 | 3,437 | 6,957 | 1,026 | |
40 |
199 | 3,058 | 0 | 197 | 86 | 6,342 | 15,238 | 6,572 | 7,422 | 3,437 | 4,529 | 1,026 | |
41 |
0 | 5,168 | 24,628 | 1,964 | 80 | 0 | 1,520 | 3,506 | - | - | 2,429 | - | |
54/58 |
98,243 | 20,928 | 21,504 | 46,882 | 66,363 | 63,475 | 50,290 | 2,696 | 4,020 | 3,771 | 6,585 | 17,063 | |
490/1 |
2,743 | 3,260 | 3,752 | 3,249 | 3,019 | 2,944 | 2,872 | 2,706 | 2,689 | - | - | 2,970 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
607,104 | 564,315 | 620,953 | 603,472 | 611,662 | 608,427 | 610,606 | 570,859 | 589,553 | 604,183 | 641,135 | 614,253 | |
10/15 |
293,097 | 226,997 | 199,022 | 157,683 | 113,713 | 93,200 | 48,203 | 20,334 | 11,641 | -9,630 | 22,558 | 22,292 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
286,897 | 220,797 | 192,822 | 151,483 | 107,513 | 87,000 | 42,003 | 16,358 | 16,358 | 16,358 | 16,358 | 16,092 | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,071 | 1,071 | 1,071 | 1,071 | 805 | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
286,897 | 220,797 | 190,962 | 149,623 | 105,653 | 85,140 | 40,143 | 15,287 | 15,287 | 15,287 | 15,287 | 15,287 | |
14 |
0 | 0 | 0 | 0 | - | - | 0 | -2,224 | -10,917 | -32,188 | - | - | |
17/49 |
314,007 | 337,317 | 421,931 | 445,789 | 497,949 | 515,227 | 562,403 | 550,524 | 577,912 | 613,813 | 618,577 | 591,962 | |
17 |
2,436 | 9,551 | 22,572 | 25,296 | 48,555 | 70,501 | 91,700 | 64,454 | 73,821 | 42,268 | 62,565 | 94,002 | |
170/4 |
2,436 | 9,551 | 22,572 | 25,296 | 48,555 | 70,501 | 91,700 | 64,454 | 73,821 | 42,268 | 62,565 | 94,002 | |
42/48 |
311,571 | 327,766 | 399,359 | 420,493 | 449,394 | 444,726 | 470,703 | 486,071 | 504,091 | 571,544 | 556,012 | 497,959 | |
42 |
7,115 | 13,020 | 25,674 | 23,259 | 21,946 | 21,650 | 19,524 | 9,367 | 15,000 | 20,296 | 31,438 | 31,267 | |
43 |
- | 0 | 2,500 | 2,500 | - | - | 0 | 28,823 | 27,007 | 38,954 | 32,237 | - | |
430/8 |
- | 0 | 2,500 | 2,500 | - | - | 0 | 28,823 | 27,007 | 38,954 | 32,237 | - | |
44 |
22,396 | 17,971 | 66,523 | 63,728 | 103,166 | 80,799 | 122,074 | 125,162 | 129,694 | 135,513 | 143,005 | 93,103 | |
440/4 |
22,396 | 17,971 | 66,523 | 63,728 | 103,166 | 80,799 | 122,074 | 125,162 | 129,694 | 135,513 | 143,005 | 93,103 | |
45 |
25,380 | 14,773 | 13,868 | 27,870 | 17,064 | 34,461 | 23,412 | 13,334 | 19,532 | 24,612 | 18,665 | 22,063 | |
450/3 |
14,080 | 6,196 | 3,150 | 17,716 | 7,763 | 26,409 | 14,171 | 2,114 | 5,791 | 12,137 | 3,600 | 9,349 | |
454/9 |
11,300 | 8,577 | 10,718 | 10,154 | 9,301 | 8,052 | 9,240 | 11,220 | 13,741 | 12,474 | 15,065 | 12,714 | |
47/48 |
256,680 | 282,002 | 290,794 | 303,136 | 307,219 | 307,817 | 305,693 | 309,385 | 312,857 | 352,169 | 330,667 | 351,525 | |
| Income statement | |||||||||||||
9900 |
137,225 | 118,868 | 114,793 | 117,340 | 83,462 | 110,425 | 108,184 | 75,278 | 100,389 | 63,550 | 89,092 | 125,663 | |
62 |
46,057 | 44,811 | 42,481 | 40,120 | 36,307 | 29,521 | 45,175 | 51,943 | 60,803 | 77,249 | 67,659 | 79,041 | |
630 |
8,242 | 8,732 | 6,128 | 7,774 | 9,799 | 11,747 | 17,735 | 2,253 | 3,837 | 4,854 | 3,766 | 7,923 | |
631/4 |
-15,332 | 15,332 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,361 | 971 | 2,003 | 581 | 579 | 871 | 1,316 | 1,272 | 937 | 1,283 | 2,667 | 1,231 | |
9901 |
96,898 | 49,022 | 64,181 | 68,865 | 36,777 | 68,286 | 43,958 | 19,811 | 34,811 | -19,836 | 15,000 | 37,468 | |
75/76B |
2,221 | 1,167 | 1,345 | 551 | 1,217 | 882 | 619 | 1,411 | 125 | 586 | 1,168 | 2,443 | |
75 |
2,221 | 1,167 | 1,345 | 551 | 1,217 | 882 | 619 | 1,411 | 125 | 586 | 1,168 | 2,443 | |
65/66B |
5,725 | 8,715 | 6,523 | 7,115 | 8,279 | 8,605 | 7,583 | 10,029 | 13,665 | 12,961 | 14,406 | 16,629 | |
65 |
5,725 | 8,715 | 6,523 | 7,115 | 8,279 | 8,605 | 7,583 | 10,029 | 13,665 | 12,961 | 14,406 | 16,629 | |
9903 |
93,394 | 41,474 | 59,003 | 62,301 | 29,715 | 60,563 | 36,995 | 11,193 | 21,271 | -32,211 | 1,762 | 23,282 | |
67/77 |
26,436 | 12,640 | 16,863 | 17,531 | 8,402 | 15,566 | 9,126 | 2,500 | - | -24 | 1,496 | 7,190 | |
9904 |
66,959 | 28,834 | 42,140 | 44,770 | 21,313 | 44,997 | 27,869 | 8,693 | 21,271 | -32,188 | 266 | 16,092 | |
9905 |
66,959 | 28,834 | 42,140 | 44,770 | 21,313 | 44,997 | 27,869 | 8,693 | 21,271 | -32,188 | 266 | 16,092 | |
| Appropriation of the result | |||||||||||||
9906 |
66,959 | 28,834 | 42,140 | 44,770 | 21,313 | 44,997 | 25,645 | -2,224 | -10,917 | -32,188 | 266 | 16,092 | |
791/2 |
859 | 859 | 800 | 800 | 800 | - | - | - | - | - | - | - | |
691/2 |
66,959 | 28,834 | 42,140 | 44,770 | 21,313 | 44,997 | 25,645 | - | - | - | 266 | 16,092 | |
6920 |
- | - | - | - | - | 0 | 789 | - | - | - | 266 | 805 | |
6921 |
66,959 | 28,834 | 42,140 | 44,770 | 21,313 | 44,997 | 24,856 | - | - | - | - | 15,287 | |
694/7 |
859 | 859 | 800 | 800 | 800 | - | - | - | - | - | - | - | |
694 |
859 | 859 | 800 | 800 | 800 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
2 | 2 | 2 | 2 | 0.7 | 0.7 | 0.9 | 1.3 | 1.4 | 1.7 | 1.8 | 1.5 | |
Hours worked1013 |
1,261 | 1,241 | 1,263 | 1,274 | 1,246 | 1,008 | 1,555 | 1,977 | 2,515 | 3,068 | 2,897 | 3,169 | |
| Document | |||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 26-03-2026 | 2026-00062412 | |
| 30-09-2024 | micro format | 20-03-2025 | 2025-00050736 | |
| 30-09-2023 | micro format | 18-03-2024 | 2024-00045986 | |
| 30-09-2022 | micro format | 12-04-2023 | 2023-00058106 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09200285 | |
| 30-09-2020 | micro format | 24-03-2021 | 2021-08300450 | |
| 30-09-2019 | micro format | 14-04-2020 | 2020-09000434 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-11700554 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-09000101 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08500294 | |
| 30-09-2015 | abbreviated format | 24-03-2016 | 2016-07500035 | |
| 30-09-2014 | abbreviated format | 25-03-2015 | 2015-07200395 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 105,139 | 57,755 | 70,309 | 76,639 | 46,576 | 80,033 | 61,693 | 22,063 | 38,648 | -14,982 | 18,766 | 45,391 | ||
| 75,200 | 37,566 | 48,268 | 52,544 | 31,112 | 56,744 | 45,604 | 10,946 | 25,109 | -27,334 | 4,032 | 24,015 | ||
| 630 | 0 | 37,832 | 0 | 0 | 6,231 | 40,944 | 0 | 1,350 | 5,438 | 0 | 18,830 | ||
| 77,315 | -576 | -25,377 | -19,481 | 2,887 | 13,185 | 47,594 | -1,324 | 249 | -2,814 | -10,478 | - | ||
| 277,068 | 210,471 | 186,784 | 179,873 | 151,388 | 143,023 | 113,710 | 81,803 | 80,224 | 24,913 | 77,982 | 105,388 | ||
| 48.3% | 40.2% | 32.1% | 26.1% | 18.6% | 15.3% | 7.9% | 3.6% | 2.0% | -1.6% | 3.5% | 3.6% | ||
| 1.89 | 1.64 | 1.47 | 1.43 | 1.34 | 1.32 | 1.24 | 1.17 | 1.16 | 1.04 | 1.14 | 1.21 | ||
| 0.32 | 0.10 | 0.12 | 0.12 | 0.15 | 0.16 | 0.15 | 0.03 | 0.03 | 0.01 | 0.02 | 0.04 | ||
| 1.07 | 1.49 | 2.12 | 2.83 | 4.38 | 5.53 | 11.67 | 27.07 | 49.64 | - | 27.42 | 26.56 | ||
| 22.8% | 12.7% | 21.2% | 28.4% | 18.7% | 48.3% | 57.8% | 42.8% | 182.7% | - | 1.2% | 72.2% | ||
| 11.0% | 5.1% | 6.8% | 7.4% | 3.5% | 7.4% | 4.6% | 1.5% | 3.6% | -5.3% | 0.0% | 2.6% | ||
| 18.37 | 6.63 | 10.78 | 10.77 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 |
| full-time | 0 | 0 | 0 | 0 |
| part-time | 2 | 2 | 2 | 2 |
| in full-time equivalents | 0.7 | 0.7 | 0.7 | 0.7 |
| 0.7 | 0.7 | 0.7 | 0.7 | |
| On a permanent contract | 2 | 2 | 2 | 2 |
| Joined | 0 | - | - | - |
| Left | 0 | - | - | - |
| Training hours | 0 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €630 | - | €37,547 | - |
| Financial fixed assets | - | - | €285 | - |
| €8,242 | €8,732 | €6,128 | €7,774 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 98% higher than in 2024 and the highest since 2014. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 59.8% to 51.7%. Equity is higher and debt is lower.
Celodesign has no parent and no holdings in its annual accounts. Charlotte Loosveldt is the only director. Celodesign shares no director with another company.
| Loosveldt, Domien (sole trader)
establishment since 08-01-1987 |
founded in 1800 0531.897.124 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kortrijkstraat 39 registered office 8700 Tielt | 06-06-2013 | 2.219.833.320 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37015K0842/00C000 | 461 m² | 1 · 174 m² | 9.6 m · 2 |
If something looks wrong or is missing, please tell us.