CELTO
ActiveSummary
CELTO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38,877 and a net result of -€23,400. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-17
Solvency40▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.18 against 0.11 in 2023; short-term debt: 81.3% of total assets), and 84.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.1%
Return on assets
-9.1%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€23,400
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
236 d late
2022
588 d late
2021
950 d late
2020
61 d late
2019
321 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 357 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€23,400▼ 318%
2023 · -€5,601
Working capital
-€171,846▼ 38.8%
2023 · -€123,789
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€21,554▼ 6.3%€22,646▲ 5.1%€17,980▼ 20.6%€20,479▲ 13.9%€21,020▲ 2.6%
Net result€11,365within the sector's middle half▼ 9.6%€10,873within the sector's middle half▼ 4.3%€14,878within the sector's middle half▲ 36.8%-€5,601within the sector's middle half-€23,400within the sector's middle half▼ 318%
Equity€42,127below the sector's middle half▲ 36.9%€53,000below the sector's middle half▲ 25.8%€67,878within the sector's middle half▲ 28.1%€62,277within the sector's middle half▼ 8.3%€38,877below the sector's middle half▼ 37.6%
Total assets€224,816below the sector's middle half▼ 2.6%€228,795below the sector's middle half▲ 1.8%€239,267below the sector's middle half▲ 4.6%€235,239below the sector's middle half▼ 1.7%€256,942below the sector's middle half▲ 9.2%
Debt€182,689▼ 8.7%€175,796▼ 3.8%€171,389▼ 2.5%€172,963▲ 0.9%€218,065▲ 26.1%
Working capital-€64,580within the sector's middle half▼ 25.6%-€78,757within the sector's middle half▼ 22.0%-€91,900within the sector's middle half▼ 16.7%-€123,789within the sector's middle half▼ 34.7%-€171,846within the sector's middle half▼ 38.8%
Solvency18.7%within the sector's middle half▲ 5.4pp23.2%within the sector's middle half▲ 4.4pp28.4%within the sector's middle half▲ 5.2pp26.5%within the sector's middle half▼ 1.9pp15.1%within the sector's middle half▼ 11.3pp
Current ratio0.07below the sector's middle half▼ 0.100.10below the sector's middle half▲ 0.030.17below the sector's middle half▲ 0.070.11below the sector's middle half▼ 0.060.18below the sector's middle half▲ 0.07
Return on assets (ROA)5.1%above the sector's middle half▼ 0.4pp4.8%within the sector's middle half▼ 0.3pp6.2%above the sector's middle half▲ 1.5pp-2.4%below the sector's middle half▼ 8.6pp-9.1%below the sector's middle half▼ 6.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €256,942
Fixed assets
€220,000 =
Current assets
€36,942 ▲ 142%
Equity and liabilities €256,942
Equity
€38,877 ▼ 37.6%
Debt
€218,065 ▲ 26.1%
Debt's share of the balance-sheet total rises from 73.5% to 84.9%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
5.61▲
2023 · 2.78
ROE
-60.2%▼
2023 · -9.0%
Debt ≤ 1 year
€208,788▲
2023 · €139,028
Debt > 1 year
€6,845▼
2023 · €33,822
Income taxes
€35,688▲
2023 · €23,642
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,434 | - |
| Other operating charges640/8 | - | €3,803 | €880 | €4,085 | €4,678 | ▲ 14.5% |
| Gross operating margin9900 | €23,174 | €26,449 | €18,860 | €24,564 | €25,698 | ▲ 4.6% |
| Operating profit (loss)9901 | €21,554 | €22,646 | €17,980 | €20,479 | €21,020 | ▲ 2.6% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €4,659 | €3,102 | €2,438 | €8,732 | ▲ 258% |
| Recurring financial charges65 | €4,306 | €4,659 | €3,102 | €2,438 | €8,732 | ▲ 258% |
| Profit (loss) for the period before taxes9903 | €17,247 | €17,987 | €14,878 | €18,041 | €12,288 | ▼ 31.9% |
| Income taxes67/77 | €5,883 | €7,114 | - | €23,642 | €35,688 | ▲ 51.0% |
| Profit (loss) for the period9904 | €11,365 | €10,873 | €14,878 | -€5,601 | -€23,400 | ▼ 318% |
| Profit (loss) for the period to be appropriated9905 | €11,365 | €10,873 | €14,878 | -€5,601 | -€23,400 | ▼ 318% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €224,816 | €228,795 | €239,267 | €235,239 | €256,942 | ▲ 9.2% |
| Fixed assets21/28 | €220,000 | €220,000 | €220,000 | €220,000 | €220,000 | = |
| Financial fixed assets28 | €220,000 | €220,000 | €220,000 | €220,000 | €220,000 | = |
| Current assets29/58 | €4,816 | €8,795 | €19,267 | €15,239 | €36,942 | ▲ 142% |
| Amounts receivable within one year40/41 | €4,816 | €8,795 | €19,267 | €15,239 | €36,942 | ▲ 142% |
| Trade receivables40 | - | €8,795 | €19,263 | €15,239 | €36,942 | ▲ 142% |
| Other amounts receivable41 | - | - | €3 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €224,816 | €228,795 | €239,267 | €235,239 | €256,942 | ▲ 9.2% |
| Equity10/15 | €42,127 | €53,000 | €67,878 | €62,277 | €38,877 | ▼ 37.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €34,067 | €44,940 | €59,818 | €54,217 | €30,817 | ▼ 43.2% |
| Amounts payable17/49 | €182,689 | €175,796 | €171,389 | €172,963 | €218,065 | ▲ 26.1% |
| Amounts payable after more than one year17 | €110,993 | €85,881 | €60,162 | €33,822 | €6,845 | ▼ 79.8% |
| Financial debts170/4 | - | €85,881 | €60,162 | €33,822 | €6,845 | ▼ 79.8% |
| Amounts payable within one year42/48 | €69,395 | €87,552 | €111,167 | €139,028 | €208,788 | ▲ 50.2% |
| Current portion of amounts payable after more than one year42 | - | €25,112 | €25,719 | €26,340 | €26,977 | ▲ 2.4% |
| Financial debts43 | - | €1,897 | €4,563 | €1,651 | €2,204 | ▲ 33.5% |
| Credit institutions430/8 | - | €1,897 | €4,563 | €1,651 | €2,204 | ▲ 33.5% |
| Trade debts44 | €347 | €1,186 | €8,584 | €4,530 | €8,645 | ▲ 90.8% |
| Suppliers440/4 | - | €1,186 | €8,584 | €4,530 | €8,645 | ▲ 90.8% |
| Taxes, remuneration and social security45 | - | €35,164 | €40,515 | €63,960 | €86,664 | ▲ 35.5% |
| Taxes450/3 | - | €35,164 | €40,515 | €63,960 | €86,664 | ▲ 35.5% |
| Other amounts payable47/48 | - | €24,193 | €31,787 | €42,547 | €84,299 | ▲ 98.1% |
| Accrued charges and deferred income492/3 | - | €2,362 | €59 | €112 | €2,432 | ▲ 2,063% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,365 | €10,873 | €14,878 | -€5,601 | -€23,400 | ▼ 318% |
| Operating cash flow (approximation) | €11,365 | €10,873 | €14,878 | -€5,601 | -€23,400 | ▼ 318% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
24-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 236 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 588 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 950 days late
2024
31-12
Financial
Weakest financial yearnet -€23,400
Net result drops to -€23,400, the lowest in the series.
2022
31-12
Financial
Highest result since 2018net €14,878 ▲36.8%
Net result €14,878, the highest in the series.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 321 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 687 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2018
Ground area
5,283 m²
Building footprint
2,041 m²
Volume, LiDAR
46,938 m³
2 parcels, Brussels · tallest building 48.7 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Waterwildlaan 3, 1170 Watermaal-Bosvoorde
since 20182.273.413.051
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0156/00E002 | Brussels | 5,026 m² | 1 · 1,882 m² | 48.7 m · 7 fl. |
| 21013B0361/00Z003 | Brussels | 257 m² | 1 · 158 m² | 18.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 2024Equity -€1,767Result -€9,013100%
According to the 2024 annual accounts of CELTO and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,294 companies in sector 68122 we hold annual accounts for 904. 441 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690993851
Also
9925:BE0690993851
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.