Skip to content

CELORE

Active Private limited companyfounded 2015active for 11 yearsChaussée de Charleroi 65, 5000 NamurKBO/BCE: BE 0641.647.377

Overview

Lifetime

9 annual accounts with figures on one time axis
peak €66,321 (2024)
€9,109▼ 86.3%
lowest -€10,452 (2023)
€8,363▼ 80.9%
peak €59,467 (2025)
€59,467▲ 16.4%
€4,481▲ 690%
Board2 names since 2020
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €66,321 to €9,109Result from €43,723 to €8,363Resignation: Loïc Stiénon (director) 15-01Equity from €51,103 to €59,467Debts from €567 to €4,481Cash from €5,663 to €66,432

Key points

from the 2025 annual accounts

Turnover

≈ €42,000 estimated

The micro format states no turnover.

Filings

9 annual accounts 8 late
AprilJune31 JulyOctober20202025

The 2020 accounts came latest: 31 days after the end of the period.

Checked score

96
Excellent
Financially stronger than 65% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.5% 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.6%▲ +0.1 percentage points vs 04-2025 06-2025: 1.5%▼ -0.1 percentage points vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 2.0%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -1.6 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.1%▼ -0.3 percentage points vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

99-1equity 73.9% of total assets
100+40short-term debt 5.6% · cash 82.6%
63-37return on assets 10.4%

Score breakdown

lowers risk
Liquidity: current ratio 17.95, cash €66,432
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €80,432
Equity €59,467 (73.9% of total assets)
Calculation

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 70, micro). It does better than 70% of them on solvency, 97% on liquidity, 28% on profitability and 64% on growth.

The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.

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).

Comparable companies, two years later

In July 2024, 34,693 companies had the same profile as CELORE has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of CELORE itself: < 0.1% within 12 months.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 CELORE. 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.

Credit verdict

Credit of up to €5,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 17.95, above the usual 1.5. Short-term debt is 5.6% and cash 82.6% of total assets. 26.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 17.95, cash €66,432
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €80,432
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €59,467 (73.9% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
27 days late
2024
26 days late
2023
29 days late
2022
31 days late
2021
24 days late
2020
31 days late
2019
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

  • STIENON Cédric,Suzanne,Henrideed of 06-11-2020
  • STIENON Loïc,Françis,Françoise,Ghislaindeed of 06-11-2020
Board & ownership

Recent changes

Resignation: Loïc Stiénon (director) General meeting of 22-11-2024 · Gazette deed
Registered office moved within Namur New registered office: 65 chaussée de charlerol à 5000 Namur · Previous registered office: Avenue de la plante, 1 à 5000 Namur · General meeting of 18-04-2024 · Gazette deed
Changes of role: STIENON Loïc, Françis, Françoise, Ghislain (director) and STIENON Cédric, Suzanne, Henri (director) “L’achat,l’échange,la vente,la prise en location,ainsi que la cession en location ou en sous-location,le tout…” (deed in French) · STIENON Cédric, Suzanne, Henri is a shareholder · STIENON Loïc, Françis, Françoise, Ghislain is a shareholder · General meeting of 01-08-2019 · Gazette deed
First establishment Chaussée de Charleroi 65, Namur
All 18 events

Comparable companies

same main activity, similar in size and age
Company
CELORE Namur €80,432 €9,109 73.9% -
MEP HTV Dendermonde €84,808 €8,118 30.4% -
TRIPLC3 Herent €87,803 €10,152 74.4% -
THELEMONTREE Anderlecht €93,786 €8,642 88.1% -
SANDCASTLE Meise €76,227 €9,960 90.7% -
Jacob Consulting Brasschaat €68,175 €8,470 59.7% 0
Optima Consulting Antwerp €78,080 €10,215 31.2% -

These companies have the same main activity as CELORE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €68,200 and €93,800, founded between 2014 and 2016.

Official details

Source: KBO
Status
Active since 16-10-2015Normal situation
Activity
Business and other management consultancyNACE 70200and 1 other
Establishment unit
2.246.686.0865000 Namur, since 26-10-2015
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€9,109▼ 86.3%
€8,363▼ 80.9%
€59,467▲ 16.4%
€80,432▲ 18.0%
Filing
Filed on 27-08-2026
Financials

Insights on CELORE

CELORE files the micro format. That format states no turnover. The gross margin fell from €13,945 in 2017 to €9,109 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-08-2026, 27 days late
€9,109
▼ 86.3%
€8,471
▼ 86.7%
€8,363
▼ 80.9%
€75,951
▲ 12.4%
73.9%
▼ 1.0 percentage points
17.95

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 ≈ €42,000. Estimated: probably between €20,000 and €85,000.

Balance sheet

balance sheet total €80,432 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

73.9%

Higher than 70% of 39,364 companies in 2025.

17.95

Higher than 95% of 38,048 companies in 2025.

10.4%

Higher than 43% of 38,520 companies in 2025.

CELORE Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 80,43268,154238,666227,962218,087226,582238,384247,766257,853
20 ---00000-
21/28 --194,065194,065204,408214,752225,095235,439245,782
21 --------0
22/27 --194,065194,065204,408214,752225,095235,439245,782
22 --194,065194,065204,408214,752225,095235,439245,782
28 ------0--
29/58 80,43268,15444,60233,89813,67911,83013,28912,32712,071
40/41 14,00050,44812,84813,24813,04611,43012,48311,88411,292
40 14,00040,000-01,546----
41 -10,44812,84813,24811,50011,43012,48311,88411,292
54/58 66,4325,663552606465400806443415
490/1 -12,04331,20120,043168--0364
Balance sheet: equity and liabilities
10/49 80,43268,154238,666227,962218,087226,582238,384247,766257,853
10/15 59,46751,1037,38017,83214,8798,3267,8558,12411,717
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,600
100 ------18,60018,60018,600
13 49,45249,451-------
132 49,45249,451-------
14 -8,585-16,948-11,220-768-3,721-10,274-10,745-10,476-6,883
16 16,48416,484-------
168 16,48416,484-------
17/49 4,481567231,286210,130203,207218,256230,529239,642246,136
17 --130,898135,150152,710169,310177,800192,743208,055
170/4 --130,898135,150152,010168,610177,100192,743208,055
178/9 ---0700700700--
42/48 4,48156795,89674,98050,49748,49651,95946,44937,631
42 --4,25216,86016,60016,34415,64315,31214,978
44 143--00000-
440/4 143--00000-
45 4,090--------
450/3 4,090--------
47/48 24856791,64458,12033,89832,15236,31731,13722,653
492/3 --4,491-0450770450450
Income statement
9900 9,10966,321-31620,07322,61218,70718,91713,52513,945
630 ---10,34410,34410,34410,34410,34410,938
640/8 6382,5763,1672,7132,8022,5123,8482,3702,328
9901 8,47163,745-3,4827,0179,4665,8514,725811679
75/76B ---853-3101,025992911
75 ---853-3101,025992911
65/66B 1083,5386,9704,9162,9125,6916,0195,3955,743
65 1083,5386,9704,9162,9125,6916,0195,3955,743
9903 8,36360,207-10,4522,9536,554471-269-3,593-4,153
680 -16,484-------
9904 8,36343,723-10,4522,9536,554471-269-3,593-4,153
689 -49,451-------
9905 8,363-5,728-10,4522,9536,554471-269-3,593-4,153
Appropriation of the result
9906 -8,585-16,948-11,220-768-3,721-10,274-10,745-10,476-6,883
14P -16,948-11,220-768-3,721-10,274----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437096.

Financial year Type Filed Reference Document
31-12-2025 micro format 27-08-2026 2026-00437096 PDF
31-12-2024 micro format 26-08-2025 2025-00402177 PDF
31-12-2023 micro format 29-08-2024 2024-00391369 PDF
31-12-2022 micro format 31-08-2023 2023-00385025 PDF
31-12-2021 micro format 24-08-2022 2022-20311646 PDF
31-12-2020 micro format 31-08-2021 2021-63400168 PDF
31-12-2019 micro format 28-08-2020 2020-46300286 PDF
31-12-2018 micro format 07-08-2019 2019-44300410 PDF
31-12-2017 micro format 30-05-2018 2018-14800238 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
---17,36019,81016,19515,06911,15411,617
---13,29716,89710,81510,0746,7516,785
---00000-
60,7695,111-5414165-40536228-
75,95167,587-51,294-41,082-36,819-36,666-38,671-34,122-25,560
73.9%75.0%3.1%7.8%6.8%3.7%3.3%3.3%4.5%
17.95-0.470.450.270.240.260.270.32
0.080.0131.3411.7813.6626.2129.3529.5021.01
14.1%85.6%-141.6%16.6%44.0%5.7%-3.4%-44.2%-35.4%
10.4%64.2%-4.4%1.3%3.0%0.2%-0.1%-1.5%-1.6%
---3.536.80----

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.

Insights on CELORE

The operating result for 2025 is 87% lower than in 2024.

Debt's share of the balance-sheet total rises from 0.8% to 5.6%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2024
Director (not named in the articles)
appointed by deed of 06-11-2020 term without a fixed end
earlier manager, until 06-11-2020
listed in the 2022 annual accounts, filed on 31-08-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
STIENON Cédric,Suzanne,Henri
Director (not named in the articles)
STIENON Loïc,Françis,Françoise,Ghislain
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • STIENON Cédric,Suzanne,Henri
    • Director (not named in the articles), appointed by deed of 06-11-2020, still in office
    • Manager, until 06-11-2020
  • STIENON Loïc,Françis,Françoise,Ghislain
    • Director (not named in the articles), appointed by deed of 06-11-2020, until 22-11-2024
    • Manager, until 06-11-2020

See the board, name and registered office on a given date →

Control

This company
CELORE
Equity €59,467
Profit €8,363 in 2025

Capital

Contribution
€18,600
Source
deed of 06-11-2020

Articles of association

deed of 06-11-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Article 13, assemblée générale décide si mandat exercé gratuitement”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00

Founders

Network & group

No group

CELORE has no parent and no holdings in its annual accounts. STIENON Cédric,Suzanne,Henri is the only director. CELORE shares no director with another company.

At the same address

Chaussée de Charleroi 65, 5000 Namur · 1 other company
Stiénon, Cédric (sole trader)
establishment since 07-05-2019
founded in 2019
0726.489.022

Timeline

Timeline

18 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 27 days late
2025
Annual accounts 2024 filed PDFmicro format · 26 days late
Resignation: Loïc Stiénon (director)General meeting of 22-11-20242 points ▸
  • General meeting, 22-11-2024
  • Director resignation, Loïc Stiénon

Open the deed in the Belgian Official Gazette

2024
Back to profit net €43,723 The net result is €43,723, after one loss-making year.
Liquidity more than 258 times current ratio 120.20 The current ratio rises from 0.47 to 120.20. Short-term debt falls from €95,896 to €567.
Annual accounts 2023 filed PDFmicro format · 29 days late
Registered office moved within NamurNew registered office: 65 chaussée de charlerol à 5000 Namur · Previous registered office: Avenue de la plante, 1 à 5000 Namur · General meeting of 18-04-20242 points ▸
  • General meeting, 18-04-2024
  • Registered-office move, 65 chaussée de charlerol à 5000 Namur

Open the deed in the Belgian Official Gazette

2023
Weakest financial year net -€10,452 The net result drops to -€10,452, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Annual accounts 2021 filed PDFmicro format · 24 days late
2021
Annual accounts 2020 filed PDFmicro format · 31 days late
2020
Back to profit net €471 The net result is €471, after 3 loss-making years.
Changes of role: STIENON Loïc, Françis, Françoise, Ghislain (director) and STIENON Cédric, Suzanne, Henri (director)“L’achat,l’échange,la vente,la prise en location,ainsi que la cession en location ou en sous-location,le tout…” (deed in French) · STIENON Cédric, Suzanne, Henri is a shareholder · STIENON Loïc, Françis, Françoise, Ghislain is a shareholder · General meeting of 01-08-201912 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 28 days late
2019
Annual accounts 2018 filed PDFmicro format · 7 days late
2018
Annual accounts 2017 filed PDFmicro format · 62 days before the deadline
2015
First establishment Chaussée de Charleroi 65, Namur
Incorporation PDFpublished on 20-10-2015

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CELORE was incorporated on 16 October 2015.1 The registered office was moved to Namur in 2024.2 Total assets fell from €247,766 in 2018 to €80,432 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 06-05-2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0641.647.377
VAT number
BE 0641.647.377
Peppol ID
0208:0641647377
Legal form
Private limited company
Status
Active, normal situation
Founded
16-10-2015
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00
deed of 06-11-2020 (in French)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
CELORE in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 06-11-2020 (in French)

Activities

NACEBEL 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’achat,l’échange,la vente,la prise en location,ainsi que la cession en location ou en sous-location,le tout avec ou sans option…”
7 activities
  1. L’achat,l’échange,la vente,la prise en location,ainsi que la cession en location ou en sous-location,le tout avec ou sans option d’achat,l’exploitation et l’entretien de maisons,d’appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et de manière générale,de tous biens immobiliers.
  2. La transformation de biens immobilier.
  3. Acquérir,détenir et gérer un patrimoine de valeurs mobilières et immobilières,matières premières et devises étrangères à titre permanent ou provisoire,actions,titres de créances ou instruments financiers,leur gestion,mise en valeur,leur cession par vente,apport,transfert ou autrement.
  4. Se porter caution et donner toutes sûretés personnelles ou réelles en faveur de toute personne ou société liée ou non.
  5. Accomplir toutes opérations civiles,commerciales ou industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement,en tout ou partie,à l’une ou l’autre branche de son objet ou qui seraient de nature à en développer ou à en faciliter la réalisation.
  6. S’intéresser par toutes voies à toute société,association ou entreprise ayant un objet similaire ou connexe au sien ou dont l’objet serait de nature à faciliter,même indirectement,la réalisation du sien.
  7. Exercer les fonctions d’administrateur,ou de liquidateur dans d’autres sociétés.
deed of 06-11-2020 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Chaussée de Charleroi 65 registered office 5000 Namur 68201 Renting and operating of own or leased residential real estate, excluding social housing 26-10-2015 2.246.686.086

Buildings and parcels at the address

Ground area
276 m²
Buildings
67 m²
Volume, LiDAR
796 m³
Tallest building
14.8 m
Buildings to scale, each on its own parcel
67 m², 14.8 m 67 m², 14.8 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
92302G0314/00M007276 m² 1 · 67 m² 14.8 m · 4

Contact

E-mail celore.sprl@gmail.com establishment in Namur