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CELTIX

Active Private limited company (pre-2019)founded 2012active for 14 yearsMiddelstraat 90, 1785 MerchtemKBO/BCE: BE 0845.923.340 #6 company by total assets in Merchtem, Arts, sports and recreation sector

Lifetime

13 annual accounts with figures on one time axis
peak €77,935 (2022)
€30,333▼ 49.7%
lowest -€21,792 (2012)
-€13,950▼ €29,445
peak €60,674 (2023)
€46,724▼ 23.0%
€376,643▼ 5.2%
Board2 names since 2018
2 directorsVan Audenhove Jeremy and 1 other
Documentsfilings and deeds
31-08-202531 days late
2024micro format
Gross margin from €60,364 to €30,333Loss of €13,950Equity from €60,674 to €46,724Cash from €15,172 to €9,708

Key points

from the 2024 annual accounts

Debts

€376,643 89% of the balance sheet
Financial debts 83%Taxes and wages 1%Other 16%

Of this, €48,759 falls due within a year.

Liquidity

0.71 was 1.24 in 2023

Short-term debts rose from €37,634 to €48,759.

Filings

13 annual accounts 102 days past the deadline
AprilJune31 JulyOctober20152020

2025 accounts not filed: deadline was 31-07-2026.

Checked score

53
Fair
Financially stronger than 34% of micro companies in sports and recreation (NACE 93)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 4,271 companies (NACE 93, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.2% 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.4%▲ +0.2 percentage points vs 06-2025 08-2025: 1.6%▲ +0.2 percentage points vs 07-2025 09-2025: 1.9%▲ +0.3 percentage points vs 08-2025 10-2025: 0.9%▼ -1.0 percentage point vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026lowest value 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.4 percentage points vs 07-2026 09-2026: 1.5%▲ +0.2 percentage points vs 08-2026 10-2026: 1.9%▲ +0.4 percentage points vs 09-2026highest value 11-2026: 1.9%● unchanged vs 10-2026highest value

Financial strength
Weak

36-2equity 11.0% of total assets
52-2short-term debt 11.5% · cash 2.3%
32-35return on assets -3.3%

Score breakdown

raises risk
Figures for financial year 2024 (filed on 08-09-2025)
Liquidity: current ratio 0.71, cash €9,708
1 financial year not filed after the legal deadline; last filed accounts filed 31 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €423,367
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 93, micro). It does better than 34% of them on solvency, 55% on liquidity, 27% on profitability and 22% on growth.

The bankruptcy probability was computed on 10-11-2026 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 31-12-2024.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 2,166 companies had the same profile as CELTIX has now. Each dot stands for 6 companies, two years later.

94.2%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CELTIX itself: 1.9% 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 2,166 companies, not a prediction for CELTIX. 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 €2,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity is insufficient, with a current ratio of 0.71 (1.24 in 2023), below 1. Short-term debt is 11.5% and cash 2.3% of total assets. 89% 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

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 08-09-2025)
NBB · annual accounts
lowers risk · Size: total assets €423,367
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.71, cash €9,708
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 31 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 31 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filings
Deviation from the deadline
2025
not filed
2024
31 days late
2023
95 days late
2022
144 days late
2021
43 days late
2020
250 days late
2019
153 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 119 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VA
Van Audenhove Roger
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0845923340
Appointment: Van Audenhove Jeremy (manager) General meeting of 05-01-2018 · Gazette deed
Incorporation published on 25-05-2012 · Gazette deed
First establishment Doortstraat 20, Opwijk
All 22 events

Comparable companies

same main activity, similar in size and age
Company
CELTIX Merchtem €423,367 €30,333 11.0% -
WATERPLOUF Remicourt €313,462 €35,847 -23.9% -
VERTICAL Sprimont €300,948 €34,438 74.5% -
MY COCOON Court-Saint-Etienne €522,946 €40,524 17.5% -
CORE TONIC Bassenge €348,105 €25,352 14.3% -
DE PISTE Sint-Truiden €393,440 €31,098 23.6% -
TERRES VERTICALES Brussels €345,533 €30,222 96.7% -

These companies have the same main activity as CELTIX: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €301,000 and €523,000, founded between 2007 and 2015.

Official details

Source: KBO
Status
Active since 14-05-2012Normal situation
Activity
Operation of sports facilitiesNACE 93110
Establishment unit
2.209.480.1531745 Opwijk, since 10-05-2012
Financial year end
31 December
Peppol
Reachable since 05-01-2026
Company details

Annual accounts 2024

≈ €120,000estimated
€423,367▼ 7.6%
Filing
Filed on 31-08-2025
Financials

Insights on CELTIX

CELTIX files the micro format. That format states no turnover. The gross margin rose from -€7,366 in 2012 to €30,333 in 2024.

The balance sheet grew most from 2018 to 2019 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 CELTIX

What is the company number of CELTIX?
The company number of CELTIX is 0845.923.340. The VAT number is the same number with BE in front: BE 0845.923.340.
Where is CELTIX based?
The registered office is at Middelstraat 90, 1785 Merchtem.Company details
What does CELTIX do?
According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
What is the legal form of CELTIX?
CELTIX is a private limited company (pre-2019) (BVBA).
When was CELTIX founded?
CELTIX was founded on 14-05-2012.
Is CELTIX still active?
Yes, CELTIX is an active enterprise in the KBO register.
What is the turnover of CELTIX?
The turnover in financial year 2024 is ≈ €120,000. This figure is estimated from the gross margin of €30,333 and 2,934 comparable companies of the same size. It probably lies between €73,000 and €220,000. It is a rough estimate.Financials
Is CELTIX profitable?
In financial year 2024, CELTIX made a loss of €13,950.
Where can I find the annual accounts of CELTIX?
CELTIX filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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