CELTIMO
ActiveSummary
CELTIMO has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of -€2,590. Equity is growing by about 3.9% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €3.3m
- Loss
- -€2,590
Why 92lowers riskSize: total assets €6.7mFigures for financial year 2025 (filed 29-05-2026)Founded in 2012Equity €3.3m (49.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 46% on solvency, 13% on liquidity, 36% on profitability and 42% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 86 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €2,999 in 2025 against €4,881 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 3.0% |
| Gross operating margin9900 | -€0.02m | -€0.002m | -€0.001m | -€0.003m | -€0.001m | -€0.003m | -€0.004m | -€0.002m | ▲ 49.7% |
| Operating profit (loss)9901 | -€0.03m | -€0.003m | -€0.002m | -€0.004m | -€0.002m | -€0.004m | -€0.005m | -€0.003m | ▲ 38.6% |
| Financial income75/76B | - | - | - | €0.3m | €0.3m | - | €0.005m | €409 | ▼ 91.1% |
| Recurring financial income75 | €3.1m | €1.5m | - | €0.3m | €0.3m | - | €0.005m | €409 | ▼ 91.1% |
| Financial charges65/66B | - | - | - | - | - | €0 | €0 | - | - |
| Recurring financial charges65 | €55 | €64 | €16 | - | - | €0 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €1.6m | €0.9m | -€0.002m | €0.3m | €0.3m | -€0.004m | -€281 | -€0.003m | ▼ 822% |
| Profit (loss) for the period9904 | €1.6m | €0.9m | -€0.002m | €0.3m | €0.3m | -€0.004m | -€281 | -€0.003m | ▼ 822% |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €0.9m | -€0.002m | €0.3m | €0.3m | -€0.004m | -€281 | -€0.003m | ▼ 822% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9.8m | €6.2m | €6.2m | €6.5m | €6.7m | €6.7m | €6.7m | €6.7m | = |
| Fixed assets21/28 | €6.7m | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | = |
| Financial fixed assets28 | €6.7m | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | = |
| Current assets29/58 | €3.2m | €0.1m | €0.1m | €0.4m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.4% |
| Amounts receivable within one year40/41 | €3.1m | - | - | - | - | - | €0.001m | €0.1m | ▲ 95× |
| Other amounts receivable41 | - | - | - | - | - | - | €0.001m | €0.1m | ▲ 95× |
| Cash at bank and in hand54/58 | €0.01m | €0.1m | €0.1m | €0.4m | €0.6m | €0.6m | €0.6m | €0.5m | ▼ 20.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9.8m | €6.2m | €6.2m | €6.5m | €6.7m | €6.7m | €6.7m | €6.7m | = |
| Equity10/15 | €1.9m | €2.8m | €2.8m | €3.1m | €3.3m | €3.3m | €3.3m | €3.3m | ▼ 0.1% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €1.7m | €2.6m | €2.6m | €2.8m | €3.1m | €3.1m | €3.1m | €3.1m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Distributable reserves133 | - | - | - | €2.8m | €3.0m | €3.0m | €3.1m | €3.1m | ▼ 0.1% |
| Amounts payable17/49 | €7.9m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Amounts payable after more than one year17 | €7.9m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Financial debts170/4 | - | - | - | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Amounts payable within one year42/48 | €0.009m | €76 | - | - | - | - | €34 | - | - |
| Trade debts44 | - | €76 | - | - | - | - | €34 | - | - |
| Suppliers440/4 | - | - | - | - | - | - | €34 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €0.9m | -€0.002m | €0.3m | €0.3m | -€0.004m | -€281 | -€0.003m | ▼ 822% |
| Operating cash flow (approximation) | €1.6m | €0.9m | -€0.002m | €0.3m | €0.3m | -€0.004m | -€281 | -€0.003m | ▼ 822% |
| Investment in fixed assets (approximation) | - | €0.6m | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.1m | -€0.002m | €0.3m | €0.3m | -€0.004m | -€0.002m | -€0.1m | ▼ 8,077% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-05-2026 | 2026-00125880 |
| 31-12-2024 | abbreviated format | 29-04-2025 | 2025-00079561 |
| 31-12-2023 | abbreviated format | 30-04-2024 | 2024-00078469 |
| 31-12-2022 | abbreviated format | 19-06-2023 | 2023-00137723 |
| 31-12-2021 | abbreviated format | 11-04-2022 | 2022-20002003 |
| 31-12-2020 | abbreviated format | 12-05-2021 | 2021-13900324 |
| 31-12-2019 | abbreviated format | 03-04-2020 | 2020-09000028 |
| 31-12-2018 | abbreviated format | 12-04-2019 | 2019-09800213 |
| 31-12-2017 | abbreviated format | 29-03-2018 | 2018-08300528 |
| 31-12-2016 | abbreviated format | 03-04-2017 | 2017-08600579 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PHILIPPETH Tim |
|
Owners and capital
Capital and shareholders
- 11-03-2024 Converted to unavailable equity · €268,180
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- ISOHOLDsubsidiaryEquity €1.9mResult €14,98099%
- ISOLIM - ISOLATIEsubsidiaryEquity €4.7mResult €63,14851%
According to the 2025 annual accounts of CELTIMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-03
Gazette deed
Resignation: PHILIPPETH Tim (manager)Appointment: PHILIPPETH Tim (director) · Purpose change · Amendment of the articles11 facts ▸
- General meeting, 15-12-2023
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening, opheffen” (deed in Dutch)
- Capital
- Director resignation, PHILIPPETH Tim (manager)
- Director appointment, PHILIPPETH Tim (director (not named in the articles))
- Director discharge, PHILIPPETH Tim (manager)
- Registered office clause, “3700 Tongeren,Maastrichtersteenweg 467” (deed in Dutch)
- Other provision, “verklaring eenhoofdigheid aandelen, samen met onderliggende akte neer te leggen bij bevoegde griffie Ondernemingsrechtbank” (deed in Dutch)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73076D0282/00E000 | Flanders | 1.1 ha | 1 · 3,239 m² | 7.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De verwerving voor eigen rekening van participaties,onder welke vorm het ook zij,in de oprichting,ontwikkeling,omvorming en controle van om…” (deed in Dutch)
12 activities (deed in Dutch)
- De verwerving voor eigen rekening van participaties,onder welke vorm het ook zij,in de oprichting,ontwikkeling,omvorming en controle van om het even welke ondernemingen,Belgische of buitenlandse,commerciële,industriële of andere vennootschappen;
- De verwerving voor eigen rekening van eender welke titels,rechten of roerende waarden door middel van participatie,inbreng,onderschrijving,intekening,plaatsing,waarborg,koop,aankoopoptie,verhandeling,of op iedere andere wijze;
- De verwerving,de vervreemding,de inleasinggeving,het beheer,de uitbating,de valrisatie,de verkaveling,de ordening,het huren en verhuren,het doen bouwen en het verbouwen van onroerende goederen en desgevallend met het oog op overdracht aan derden – hetzij verkoop op plan,hetzij verkoop als gebouw,hetzij verhuur,hetzij het verlenen van zakelijke rechten,hetzij in leasing geven;
- Tussenhandelaar,de makelarij en/f handel in de onroerende goederen,dit in de meest ruime zin van het word,met inbegrip van onroerende leasing,met uitsluiting evenwel van handelingen welke vallen nder de beroepswerkzaamheden van vastgoedmakelaar zoals bepaald in het koninklijk besluit de dato 06/09/1993 tot bescherming van de beroepstitel en van de uitoefening van het beroep van vastgoedmakelaar;
- Het nemen en afstaan van ptierechten ter zake het kopen van onroerende goederen of immobiliënvennootschappen alsmede de uitgifte van vastgoedcertificaten;
- Het verhuren of huren,de aan en verkoop van roerende goederen in de meest ruime zin van het woord;
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa;
- Het aangaan en afsluiten van leningen,kredieten en financieringen alsmede het verstrekken van leningen,kredieten en financieringen aan vennootschappen,particulieren,organisaties,derden,al dan niet gelieerd,in de meest brede zin van het woord;
- Het doen van studies en onderzoek,het uitvoeren van analyses,het verstrekken van adviezen,het voorstellen en implementeren van oplossingen en aanverwante diensten;
- Het organiseren,begeleiden en/of deelnemen aan studiedagen,congressen,evenementen en aanverwante activiteiten;
- Het geven van opleiding en vorming in groep of individueel bij middel van training,workshops,lezingen en seminaries; de redactie van artikels,bijdragen,boeken,cursussen,in de meest ruime zin;
- Publiciteit,public relations en communicatie,het bedenken van allerlei reclametechnieken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CELTIMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 12” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of March at 15:00