DAVID CEULEMANS
ActiveDAVID CEULEMANS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-23k) and a net result of €-115k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 7694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▲+30
Solvency7▼-47
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.03 in 2024; short-term debt: 41.8% and cash: 5.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-18.2%
Return on assets
-92.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-23k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
24 d early
2022
8 d early
2021
26 d early
2020
11 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-23k
2024 · €92k
2018: €35k
2019: €49k
2020: €64k
2021: €77k
2022: €100k
2023: €139k
2024: €92k
2018 → 2025
Total assets
€124k▼ 60.8%
2024 · €316k
2018: €157k
2019: €313k
2020: €305k
2021: €349k
2022: €404k
2023: €376k
2024: €316k
2018 → 2025
Net result
€-115k▼ 392%
2024 · €-23k
2018: €38k
2019: €38k
2020: €30k
2021: €49k
2022: €22k
2023: €39k
2024: €-23k
2018 → 2025
Working capital
€-28k▲ 76.3%
2024 · €-118k
2018: €7k
2019: €-54k
2020: €-47k
2021: €-72k
2022: €-90k
2023: €-94k
2024: €-118k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€100k▲ 28.7%€139k▲ 39.5%€92k▼ 33.6%€-23k
Operating result€74k-€42k▼ 43.5%€66k▲ 56.0%€-16k€23k
Net result€49k-€22k▼ 54.6%€39k▲ 77.4%€-23k€-115k▼ 392%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23k after a loss of €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€100k▼ 67.9%
Current assets
€24k▲ 521%
Key figures and ratios
EBITDA
€36k▲
2024 · €-3k
Cash flow
€-103k▼
2024 · €-11k
Solvency
-18.2%▼
2024 · 29.3%
Current ratio
0.46▲
2024 · 0.03
Quick ratio
0.46▲
2024 · 0.03
Debt / equity
-6.49▼
2024 · 2.42
ROA
-92.9%▼
2024 · -7.4%
Interest coverage
4.80▲
2024 · -0.38
Debt
€146k▼
2024 · €223k
Debt ≤ 1 year
€52k▼
2024 · €122k
Debt > 1 year
€90k▼
2024 · €98k
Income taxes
€607▲
2024 · €260
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€316k€124k▼
Fixed assets21/28€312k€100k▼
Tangible fixed assets22/27€110k€98k▼
Land and buildings22€105k€95k▼
Plant, machinery and equipment23€1k€897▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€202k€2k▼
Current assets29/58€4k€24k▲
Amounts receivable within one year40/41€707€14k▲
Trade receivables40-€7k
Other amounts receivable41€707€7k▲
Cash at bank and in hand54/58€197€7k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€316k€124k▼
Equity10/15€92k€-23k▼
Contributions10/11€6k€6k=
Reserves13€109k€109k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14€-23k€-137k▼
Amounts payable17/49€223k€146k▼
Amounts payable after more than one year17€98k€90k▼
Financial debts170/4€98k€90k▼
Amounts payable within one year42/48€122k€52k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Advances received on contracts in progress46€14k-
Taxes, remuneration and social security45€20k€437▼
Taxes450/3€20k€437▼
Other amounts payable47/48€77k€42k▼
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€12k€4k▼
Gross operating margin9900€9k€40k▲
Operating profit (loss)9901€-16k€23k▲
Financial income75/76B€6€19▲
Recurring financial income75€6€19▲
Financial charges65/66B€7k€138k▲
Recurring financial charges65€7k€7k▼
Non-recurring financial charges66B-€130k
Profit (loss) for the period before taxes9903€-23k€-114k▼
Income taxes67/77€260€607▲
Profit (loss) for the period9904€-23k€-115k▼
Profit (loss) for the period to be appropriated9905€-23k€-115k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-137k▼
Profit (loss) brought forward from the previous period14P€745€-23k▼
Transfer from equity791/2€23k-
Profit to be distributed694/7€23k-
Return on contributions (dividend)694€23k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-115k
Net result drops to €-115k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €139k ▲39.5%
6 profitable years in a row build equity to €139k.
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €49k ▲65%
Operating result €74k, net result €49k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gangeltlaan 219150 Beveren-Kruibeke-ZwijndrechtGround area
928 m²
Building footprint
180 m²
Volume, LiDAR
1,170 m³
Parcel 46001C0571/00C000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
David Ceulemans
since 20132.217.820.569
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46001C0571/00C000 | Flanders | 928 m² | 1 · 180 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,505 companies in sector 82990 we hold annual accounts for 9,396. 7,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2013
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.