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 7690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency33▼-2
Growth32▼-20
Stability100
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), 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
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
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
16-09-2026 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
ROE
510.0%▲
2024 · -25.3%
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 24,419 companies in sector 82990 we hold annual accounts for 9,361. 7,147 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.