GROUP CELO
ActiveSummary
GROUP CELO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127,791 and a net result of €13,995. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+6
Solvency73▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.79 against 1.82 in 2023; short-term debt: 47.1% and cash: 3.1% of total assets), but 51.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-05-2026, 301 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
301 d late
2023
61 d late
2022
60 d late
2021
94 d late
2020
5 d early
2019
446 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 160 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€127,791▲ 12.3%
2023 · €113,796
Total assets
€263,992▲ 3.0%
2023 · €256,321
Net result
€13,995
2023 · -€370
Working capital
€97,693▲ 1.2%
2023 · €96,491
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€22,598▼ 61.7%€19,375▼ 14.3%€37,553▲ 93.8%€1,789▼ 95.2%€22,085▲ 1,135%
Net result€18,688within the sector's middle half▼ 55.0%€15,051within the sector's middle half▼ 19.5%€26,513within the sector's middle half▲ 76.2%-€370below the sector's middle half€13,995within the sector's middle half
Equity€72,603within the sector's middle half▲ 34.7%€87,654within the sector's middle half▲ 20.7%€114,166within the sector's middle half▲ 30.2%€113,796within the sector's middle half▼ 0.3%€127,791within the sector's middle half▲ 12.3%
Total assets€134,563within the sector's middle half▲ 15.4%€218,445within the sector's middle half▲ 62.3%€355,956above the sector's middle half▲ 63.0%€256,321within the sector's middle half▼ 28.0%€263,992within the sector's middle half▲ 3.0%
Debt€61,960▼ 1.1%€130,791▲ 111%€241,790▲ 84.9%€142,525▼ 41.1%€136,200▼ 4.4%
Working capital€71,222within the sector's middle half▲ 32.1%€86,824above the sector's middle half▲ 21.9%€113,889above the sector's middle half▲ 31.2%€96,491above the sector's middle half▼ 15.3%€97,693above the sector's middle half▲ 1.2%
Solvency54.0%within the sector's middle half▲ 7.7pp40.1%within the sector's middle half▼ 13.8pp32.1%within the sector's middle half▼ 8.1pp44.4%within the sector's middle half▲ 12.3pp48.4%within the sector's middle half▲ 4.0pp
Current ratio2.15within the sector's middle half▲ 0.291.66within the sector's middle half▼ 0.491.47within the sector's middle half▼ 0.191.82within the sector's middle half▲ 0.351.79within the sector's middle half▼ 0.04
Return on assets (ROA)13.9%within the sector's middle half▼ 21.7pp6.9%within the sector's middle half▼ 7.0pp7.4%within the sector's middle half▲ 0.6pp-0.1%below the sector's middle half▼ 7.6pp5.3%within the sector's middle half▲ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,135% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €263,992
Fixed assets
€42,066 ▼ 0.8%
Current assets
€221,926 ▲ 3.7%
Equity and liabilities €263,992
Equity
€127,791 ▲ 12.3%
Debt
€136,200 ▼ 4.4%
Debt's share of the balance-sheet total falls from 55.6% to 51.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,766▲
2023 · €3,802
Cash flow
€31,677▲
2023 · €1,643
Debt to equity
1.07▼
2023 · 1.25
ROE
11.0%▲
2023 · -0.3%
Interest coverage
24.25▲
2023 · 7.91
Debt ≤ 1 year
€124,232▲
2023 · €117,422
Debt > 1 year
€11,676▼
2023 · €25,103
Income taxes
€6,786▲
2023 · €1,678
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €552 | €552 | €552 | €2,013 | €17,682 | ▲ 778% |
| Other operating charges640/8 | - | €112 | €670 | €850 | €848 | ▼ 0.2% |
| Gross operating margin9900 | €23,675 | €20,039 | €38,775 | €4,652 | €40,614 | ▲ 773% |
| Operating profit (loss)9901 | €22,598 | €19,375 | €37,553 | €1,789 | €22,085 | ▲ 1,135% |
| Financial income75/76B | - | - | - | - | €336 | - |
| Recurring financial income75 | - | - | - | - | €336 | - |
| Non-recurring financial income76B | - | - | - | - | €336 | - |
| Financial charges65/66B | - | €561 | €290 | €481 | €1,640 | ▲ 241% |
| Recurring financial charges65 | €487 | €561 | €290 | €481 | €1,640 | ▲ 241% |
| Profit (loss) for the period before taxes9903 | €22,111 | €18,814 | €37,263 | €1,308 | €20,781 | ▲ 1,489% |
| Income taxes67/77 | €3,424 | €3,763 | €10,750 | €1,678 | €6,786 | ▲ 304% |
| Profit (loss) for the period9904 | €18,688 | €15,051 | €26,513 | -€370 | €13,995 | ▲ 3,880% |
| Profit (loss) for the period to be appropriated9905 | €18,688 | €15,051 | €26,513 | -€370 | €13,995 | ▲ 3,880% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,563 | €218,445 | €355,956 | €256,321 | €263,992 | ▲ 3.0% |
| Fixed assets21/28 | €1,381 | €829 | €278 | €42,408 | €42,066 | ▼ 0.8% |
| Tangible fixed assets22/27 | €1,381 | €829 | €278 | €42,408 | €42,066 | ▼ 0.8% |
| Plant, machinery and equipment23 | - | - | - | - | €4,842 | - |
| Furniture and vehicles24 | - | €413 | €0 | €42,269 | €37,224 | ▼ 11.9% |
| Other tangible fixed assets26 | - | €416 | €278 | €139 | €0 | ▼ 100% |
| Current assets29/58 | €133,182 | €217,615 | €355,679 | €213,913 | €221,926 | ▲ 3.7% |
| Amounts receivable within one year40/41 | €83,342 | €135,542 | €156,298 | €202,188 | €213,806 | ▲ 5.7% |
| Trade receivables40 | - | €135,358 | €153,502 | - | €15,300 | - |
| Other amounts receivable41 | - | €184 | €2,796 | €202,188 | €198,506 | ▼ 1.8% |
| Cash at bank and in hand54/58 | €49,840 | €82,073 | €199,381 | €11,725 | €8,120 | ▼ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,563 | €218,445 | €355,956 | €256,321 | €263,992 | ▲ 3.0% |
| Equity10/15 | €72,603 | €87,654 | €114,166 | €113,796 | €127,791 | ▲ 12.3% |
| Contributions10/11 | - | €14,260 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €58,343 | €73,394 | €101,766 | €101,396 | €115,391 | ▲ 13.8% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €73,394 | €99,906 | €99,536 | €113,531 | ▲ 14.1% |
| Amounts payable17/49 | €61,960 | €130,791 | €241,790 | €142,525 | €136,200 | ▼ 4.4% |
| Amounts payable after more than one year17 | - | - | - | €25,103 | €11,676 | ▼ 53.5% |
| Financial debts170/4 | - | - | - | €25,103 | €11,676 | ▼ 53.5% |
| Amounts payable within one year42/48 | €61,960 | €130,791 | €241,790 | €117,422 | €124,232 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,897 | €17,766 | ▲ 19.3% |
| Trade debts44 | €35,341 | €95,303 | €224,766 | €90,097 | €90,080 | = |
| Suppliers440/4 | - | €95,303 | €224,766 | €90,097 | €90,080 | = |
| Taxes, remuneration and social security45 | - | €34,118 | €17,024 | €12,428 | €12,555 | ▲ 1.0% |
| Taxes450/3 | - | €34,118 | €17,024 | €12,428 | €12,555 | ▲ 1.0% |
| Other amounts payable47/48 | - | €1,371 | - | - | €3,831 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €292 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,688 | €15,051 | €26,513 | -€370 | €13,995 | ▲ 3,880% |
| + Depreciation and write-downs630 | €552 | €552 | €552 | €2,013 | €17,682 | ▲ 778% |
| Operating cash flow (approximation) | €19,240 | €15,603 | €27,064 | €1,643 | €31,677 | ▲ 1,828% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€44,144 | -€17,340 | ▲ 60.7% |
| Change in cash | - | €32,233 | €117,308 | -€187,655 | -€3,606 | ▲ 98.1% |
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
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 301 days late
2024
31-12
Financial
Back to profitnet €13,995
Net result €13,995 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€370
Net result drops to -€370, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Equity above €100,000Eq €114,166 ▲30.2%
4 profitable years in a row build equity to €114,166.
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 446 days late
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Hasselt · 1 establishment unit since 2018
Ground area
1,160 m²
Building footprint
141 m²
Volume, LiDAR
660 m³
Parcel 71483E0220/00T002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GROUP CELO
since 20182.281.102.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483E0220/00T002 | Flanders | 1,160 m² | 1 · 141 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 8,576 companies in sector 43410 we hold annual accounts for 4,368. 3,802 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
Founded29-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
33200Installation of industrial machinery and equipment
43211General electrical installation work
43212Electrical installation work in industrial facilities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698993579
Also
9925:BE0698993579
Registered
05-02-2026
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.