Equity
€474,301 ▲ 1.4%
Celplast has made a profit without a break since 2017.
Celplast
Lifetime
19 annual accounts with figures on one time axis, 46 filings since 1979peak €250,146 (2013)
€139,985▼ 1.4%
lowest -€36,199 (2009)
€6,774▲ 176%
peak €474,301 (2025)
€474,301▲ 1.4%
€408,590▼ 18.2%
peak 4.6 FTE (2013)
2 FTEunchanged
Board1 name since 2008
1 directorDEPOTTER Guy
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Result from €2,456 to €6,774Debts from €499,334 to €408,590Cash from €117,415 to €33,523
Key points
from the 2025 annual accountsChecked score
85
Excellent
Financially stronger than 41% of micro companies in rubber and plastics (NACE 22)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 355 companies (NACE 22, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.06, cash €33,523, halved
Sector: Manufacture of rubber and plastic products (NACE 22)
lowers risk
Founded in 1979
Size: 2 FTE, total assets €882,891
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 22, micro). It does better than 59% of them on solvency, 27% on liquidity, 35% on profitability and 43% 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 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, 17,041 companies had the same profile as Celplast has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Celplast itself: 0.3% 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.
| 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 17,041 companies, not a prediction for Celplast. 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 €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.06 (1.93 in 2024), above the usual 1.5. Short-term debt is 46.3% and cash 3.8% of total assets. 46.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
2 days early
2023
1 day early
2022
17 days early
2021
10 days early
2020
59 days early
2019
2 days early
← 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 18 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% 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 21 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419353962
Resignation: DEPOTTER Guy (director)
Reappointment: DEPOTTER Guy (director) · “De handel en verwerking van diverse artikelen van kunststof (plastiek), papier, …; De handel en verwerking van…” (deed in Dutch) · Director discharge: DEPOTTER Guy · General meeting of 09-11-2023 · Gazette deed
First establishment
Brusselsesteenweg 489D, Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Celplast Merelbeke-Melle | €0.9m | €139,985 | 53.7% | 2 |
| ROVASAC Oudenaarde | €1.2m | €297,448 | 95.6% | 4.8 |
| POLYMAR Nivelles | €0.7m | €423,617 | 30.1% | 4.8 |
| PLASTICS DE CLERCQ Wingene | €0.9m | €370,648 | 48.5% | 7.8 |
| EUROCORK Rotselaar | €0.6m | €135,227 | 32.3% | 0.8 |
| ELKOPLAST Bree | €0.7m | €165,414 | 52.2% | - |
| YDROTEQ Beveren | €0.6m | €76,187 | 99.5% | - |
These companies have the same main activity as Celplast: manufacture of rubber and plastic products (NACE 22220). They are comparable in size and age: total assets between €574,000 and €1.2m, founded between 1951 and 1990.
Official details
Source: KBO- Status
- Active since 30-03-1979Normal situation
- Activity
- Manufacture of rubber and plastic productsNACE 22220
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.017.140.3389090 Merelbeke-Melle, since 20-04-1979
- Financial year end
- 31 December
- Peppol
- Reachable since 23-05-2025
Annual accounts 2025
- €882,891▼ 8.7%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on Celplast
Celplast files the abbreviated format. That format states no turnover. The gross margin rose from €68,796 in 2007 to €139,985 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Celplast
- What is the company number of Celplast?
- The company number of Celplast is 0419.353.962. The VAT number is the same number with BE in front: BE 0419.353.962.
- Where is Celplast based?
- The registered office is at Brusselsesteenweg 489D, 9090 Merelbeke-Melle.Company details
- What does Celplast do?
- According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22220).
- What is the legal form of Celplast?
- Celplast is a private limited company (BV).
- When was Celplast founded?
- Celplast was founded on 30-03-1979.
- Is Celplast still active?
- Yes, Celplast is an active enterprise in the KBO register.
- How many employees does Celplast have?
- Celplast had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Celplast fall under?
- In its 2025 annual accounts, Celplast states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of Celplast?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €139,985 and 1,649 comparable companies of the same size. It probably lies between €220,000 and €670,000. It is a rough estimate.
- Is Celplast profitable?
- In financial year 2025, Celplast made a profit of €6,774.
- Where can I find the annual accounts of Celplast?
- Celplast filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Celplast due?
- Celplast must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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