CELTEC
ActiveSummary
CELTEC has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€26,617) and a net result of €26,273. Equity is growing by ~17.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 6 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,266 | €21,299 | €19,656 | €19,612 | €18,640 | ▼ 5.0% |
| Other operating charges640/8 | - | €5,710 | €5,889 | €6,397 | €6,647 | ▲ 3.9% |
| Gross operating margin9900 | €38,712 | €42,120 | €43,745 | €38,459 | €47,870 | ▲ 24.5% |
| Operating profit (loss)9901 | €7,776 | €15,111 | €18,201 | €12,451 | €22,584 | ▲ 81.4% |
| Financial income75/76B | - | €3,011 | €3,011 | €3,011 | €3,011 | = |
| Recurring financial income75 | €3,011 | €3,011 | €3,011 | €3,011 | €3,011 | = |
| Financial charges65/66B | - | €67 | €69 | €69 | €74 | ▲ 6.5% |
| Recurring financial charges65 | €60 | €67 | €69 | €69 | €74 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €10,727 | €18,056 | €21,143 | €15,392 | €25,521 | ▲ 65.8% |
| Transfer from deferred taxes780 | - | €753 | €753 | €753 | €753 | = |
| Profit (loss) for the period9904 | €11,480 | €18,809 | €21,896 | €16,145 | €26,273 | ▲ 62.7% |
| Profit (loss) for the period to be appropriated9905 | €11,480 | €18,809 | €21,896 | €16,145 | €26,273 | ▲ 62.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305,069 | €311,935 | €320,455 | €322,030 | €333,171 | ▲ 3.5% |
| Fixed assets21/28 | €184,447 | €163,149 | €143,493 | €123,881 | €107,723 | ▼ 13.0% |
| Tangible fixed assets22/27 | €184,447 | €163,149 | €143,493 | €123,881 | €107,723 | ▼ 13.0% |
| Land and buildings22 | - | €159,534 | €141,537 | €123,543 | €105,550 | ▼ 14.6% |
| Plant, machinery and equipment23 | - | €2,997 | €1,561 | €126 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €206 | €83 | €0 | €2,004 | - |
| Other tangible fixed assets26 | - | €412 | €312 | €212 | €170 | ▼ 20.0% |
| Current assets29/58 | €120,622 | €148,786 | €176,962 | €198,148 | €225,448 | ▲ 13.8% |
| Cash at bank and in hand54/58 | €116,558 | €147,403 | €175,369 | €196,488 | €223,699 | ▲ 13.8% |
| Deferred charges and accrued income490/1 | - | €1,384 | €1,593 | €1,661 | €1,749 | ▲ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305,069 | €311,935 | €320,455 | €322,030 | €333,171 | ▲ 3.5% |
| Equity10/15 | -€97,697 | -€81,899 | -€63,015 | -€49,880 | -€26,617 | ▲ 46.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | €66,500 | €66,500 | €66,500 | €66,500 | = |
| Reserves13 | €3,383 | €3,383 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €3,383 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €3,383 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€257,785 | -€238,976 | -€219,897 | -€203,752 | -€177,479 | ▲ 12.9% |
| Investment grants15 | - | €25,194 | €22,183 | €19,172 | €16,162 | ▼ 15.7% |
| Provisions and deferred taxes16 | €7,051 | €6,298 | €5,546 | €4,793 | €4,040 | ▼ 15.7% |
| Deferred taxes168 | - | €6,298 | €5,546 | €4,793 | €4,040 | ▼ 15.7% |
| Amounts payable17/49 | €395,715 | €387,536 | €377,924 | €367,117 | €355,748 | ▼ 3.1% |
| Amounts payable after more than one year17 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Financial debts170/4 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Amounts payable within one year42/48 | €44,695 | €36,116 | €26,182 | €15,211 | €3,866 | ▼ 74.6% |
| Trade debts44 | €47 | - | - | - | - | - |
| Other amounts payable47/48 | - | €36,116 | €26,182 | €15,211 | €3,866 | ▼ 74.6% |
| Accrued charges and deferred income492/3 | - | €1,420 | €1,742 | €1,905 | €1,882 | ▼ 1.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,480 | €18,809 | €21,896 | €16,145 | €26,273 | ▲ 62.7% |
| + Depreciation and write-downs630 | €25,266 | €21,299 | €19,656 | €19,612 | €18,640 | ▼ 5.0% |
| Operating cash flow (approximation) | €36,745 | €40,107 | €41,552 | €35,756 | €44,913 | ▲ 25.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,481 | - |
| Change in cash | - | €30,845 | €27,966 | €21,119 | €27,211 | ▲ 28.8% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025A0169/00D000 | Flanders | 289 m² | 1 · 235 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,824 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,824 EUR | 0 EUR |
Identification & contact
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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