Higher net result than 94% of companies in specialised construction. Sector median €9,998 · 37,193 companies.
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 39,326 companies had the same profile as CELSYS has now. Each dot stands for 99 companies, two years later.
95.7%
were still trading
2.4%
stopped another way
1.8%
went bankrupt
Micro
2 to 5 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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
2.9%
3.1%
10
5.6%
6.1%
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 39,326 companies, not a prediction for CELSYS. 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 verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Registered office moved from Sint-Lievens-Houtem to Borsbeke
New registered office: Pastorijstraat 30, 9552 Borsbeke (Herzele) · Previous registered office: Zoeterbeke 4, 9520 Sint-Lievens-Houtem · Gazette deed
Company renamed from PRIMETEC to CELSYS
General meeting of 07-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011744147
Incorporation
Founding capital of €4,000, 100 shares · Founders: Hidden nameVisible after signing in and Name after signing inVisible after signing in · Appointments: Name hiddenVisible after signing in (director) and Hidden nameVisible after signing in (director) · published on 22-07-2024 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as CELSYS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €111,000 and €135,000, founded in 2024.
CELSYS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,786 and a net result of €87,786.
Its solvency ranks better than 81% of 37,211 sector peers (NACE 43, financial year 2025).
micro format, filed on 19-06-2026, 42 days before the deadline
Abbreviated and micro format
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
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 ≈ €390,000. Estimated: probably between €310,000 and €470,000.
Balance sheet
balance sheet total €121,167 on 31-12-2025
What the company ownsHow it is paid for
Position in the sector
Sector peers
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
per financial year, computed from the annual accounts
Line
Trend
2025
116,536
92,409
18,649
79,082
75.8%
3.69
0.32
95.6%
72.5%
over 100
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.
Investments
fixed assets acquired
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
Item
2025
Tangible fixed assets
€18,649
€4,623
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on CELSYS
Debt's share of the balance-sheet total is 24.2%.
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
via Hidden nameVisible after signing in, no longer at Name after signing inVisible after signing in · Director · deed of 02-01-2024
founded in 1994 · negative equity (2025)
total assets €5.8m (2025)
Name hiddenVisible after signing in
via Hidden nameVisible after signing in, no longer at Name after signing inVisible after signing in · Director · deed of 14-02-2024
founded in 2024
total assets €15.3m (2025)
Name hiddenVisible after signing in
via Hidden nameVisible after signing in, no longer at Name after signing inVisible after signing in · Manager (not named in the articles) · deed of 17-09-2025
founded in 2025
Connections & network
Connections & network
CELSYS is linked to other companies through directors or shares. Look especially for linked companies in trouble.
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
6 events since 2024
Filings
Establishments
Address
Other
202420252026
2026
Annual accounts 2025 filedNBB ↗micro format · 42 days before the deadline
2025
Registered office moved from Sint-Lievens-Houtem to BorsbekeNew registered office: Pastorijstraat 30, 9552 Borsbeke (Herzele) · Previous registered office: Zoeterbeke 4, 9520 Sint-Lievens-Houtem2 points ▸
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011744147
2024
IncorporationFounding capital of €4,000, 100 shares · Founders: Name after signing inVisible after signing in and Name hiddenVisible after signing in · Appointments: Hidden nameVisible after signing in (director) and Name after signing inVisible after signing in (director) · published on 22-07-20246 points ▸
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 18 July 2024, CELSYS was incorporated as a private limited company by two natural persons, with a starting capital of €4,000.12The name was changed to CELSYS in 2025.3In 2025 the registered office moved to Borsbeke.4Of the 2 current board members, 2 have served since 2024.5
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
43222Specialised construction activities main activity
33110Repair, maintenance and installation of machinery and equipment
33120Repair, maintenance and installation of machinery and equipment
82990Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Koeltechnieken Dit behelst waar nodig en/of nuttig de…”
10 activities
Koeltechnieken Dit behelst waar nodig en/of nuttig de aankoop,verkoop,verhuur,onderverhuur,leasing,renting,ontwerp,productie,handel,groothandel,herstelling,levering,plaatsing,montage,demontage,integratie,ontmanteling,vervoer,invoer,uitvoer,export,al dan niet in hoofdaanneming en/of onderaanneming en/of als tussenpersoon (opsomming ten exemplatieve en niet-limitatieve titel) van de voormelde activiteiten,diensten en goederen en van alle activiteiten,diensten en goederen die de vennootschap hiervoor nuttig en/of nodig acht.
Het verrichten,in het algemeen,van alle roerende,onroerende,commerciële,industriële,financiële,handelingen die in rechtstreeks of onrechtstreeks verband staan met de rest van het maatschappelijk voorwerp,of die van aard zijn,zouden zijn of zouden kunnen zijn om de verwezenlijking van et voorwerp geheel of gedeeltelijk te vergemakkelijken en bevorderen.
Het verrichten van alle vormen van handelsbemiddeling,het optreden als agent en als zelfstandig vertegenwoordiger in diverse sectoren en voor diverse producten en diensten. De aan- en verkoop evenals de in- en uitvoer van om het even welke goederen evenals het optreden als tussenpersoon bij voormelde verrichtingen.
Het verlenen van diensten en adviezen aan derden. Het optreden als consultant en diensten verlenen inzake commercieel,strategisch,financieel en administratief management,inzake technisch management en diverse technische aangelegenheden,inzake informatica en automatisering,inzake integrale kwaliteitszorg en divers zorg-,kwaliteits- en veiligheidssystemen,inzake productmanagement,design en vormgeving,inzake PR,publiciteit en marketing,inzake de administratieve organisatie en de implementatie van bedrijfsprocessen.
Het ontwikkelen,kopen,verkopen,beheren,in waarde stellen,in licentie nemen of geven van licenties,brevetten,octrooien,knowhow en andere intellectuele rechten.
Het organiseren en/of geven van seminaries,opleidingen en presentaties. Het schrijven,verzorgen,begeleiden en uitgeven van literaire werken en bijdragen,handboeken van diverse bijdragen in diverse vormen.
Het waarnemen van opdrachten als bestuurder of vereffenaar in andere vennootschappen. Het optreden als managementvennootschap,het beheren van vennootschappen,het optreden als holding,het verrichten van alle managementactiviteiten van holdings: het deelnemen,onder gelijk welke vorm,aan de oprichting,uitbreiding,omzetting,fusie,opslorping,het bestuur en controle van ondernemingen. Het nemen van belangen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen of groeperingen,bestaande of op te richten,zowel in België als in het buitenland,die een aanvullend of soortgelijk voorwerp nastreven,of van die aard zijn de ontwikkeling van haar onderneming te bevorderen of de afzet van haar producten of diensten kunnen vergemakkelijken.
Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik,recht van opstal,erfpacht,…),zoals de huurfinanciering van onroerend goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën; de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen; alsmede zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen.
Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten.
Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,in eender welke vorm; het zich borg stellen of aval verlenen,in de meest ruime zin; alle handelsoperaties en financiële operaties verrichten,behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen. Het aangaan van leningen of schulden bij derden (met inbegrip van haar vennoten en haar zaakvoerders) en het maken van alle kosten en doen van alle investeringen die zij nodig of wenselijk acht. Het zich borg stellen en/of het verlenen van zakelijke en/of persoonlijke zekerheden tot waarborg van eigen verbintenissen of tot waarborg van verbintenissen van derden,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
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1011.744.147
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