INTERCELLES
ActiveSummary
The computed 12-month bankruptcy probability of INTERCELLES is 2.7% (moderate). The 2025 annual accounts show negative equity (-€319,709) and a net result of -€349,250. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 10% of 5,025 sector peers (NACE 47, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 13.4 FTE
- Equity
- -€319,709
- Loss
- -€349,250
- RONSE AmélieDirector
- RONSE Michel Ghislain GustaveDirector
Why 50raises riskNegative equity -€319,709Loss of €349,250, the second in a row (financial year 2025)Liquidity: current ratio 0.62, cash €129,566, halvedSector: Retail trade (NACE 47)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, small): better than 8% on solvency, 48% on liquidity, 12% on profitability and 1% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€349,250
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397226.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €124,379 in 2025 against €40,692 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 95.8% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,216 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €30 | €12,427 | €60 | €175,683 | €74,531 | ▼ 57.6% |
| Remuneration, social security and pensions62 | - | - | - | €262,678 | €266,528 | €316,969 | €497,022 | €630,819 | ▲ 26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,771 | €76,272 | €72,800 | €77,253 | €57,882 | €57,632 | €235,125 | €359,840 | ▲ 53.0% |
| Other operating charges640/8 | - | - | - | €34,483 | €31,506 | €27,830 | €29,031 | €32,519 | ▲ 12.0% |
| Non-recurring operating charges66A | - | - | - | - | €4,648 | - | €430 | €640 | ▲ 48.7% |
| Gross operating margin9900 | €365,266 | €411,000 | €460,431 | €464,313 | €384,683 | €466,204 | €720,916 | €899,439 | ▲ 24.8% |
| Operating profit (loss)9901 | €94,181 | €60,636 | €93,199 | €89,899 | €24,118 | €63,773 | -€40,692 | -€124,379 | ▼ 206% |
| Financial income75/76B | - | - | - | €5,930 | €4,503 | €5,363 | €11,462 | €61 | ▼ 99.5% |
| Recurring financial income75 | €624 | €297 | €3,682 | €5,930 | €4,503 | €5,363 | €11,462 | €61 | ▼ 99.5% |
| Financial charges65/66B | - | - | - | €41,434 | €37,927 | €48,912 | €144,981 | €224,466 | ▲ 54.8% |
| Recurring financial charges65 | €50,321 | €44,960 | €44,618 | €41,434 | €37,927 | €48,912 | €144,981 | €203,611 | ▲ 40.4% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €20,855 | - |
| Profit (loss) for the period before taxes9903 | €44,484 | €15,972 | €52,263 | €54,395 | -€9,306 | €20,225 | -€174,211 | -€348,784 | ▼ 100% |
| Income taxes67/77 | €16,024 | €9,218 | €12,846 | €16,369 | €149 | €5,119 | €342 | €466 | ▲ 36.3% |
| Profit (loss) for the period9904 | €28,460 | €6,755 | €39,417 | €38,027 | -€9,455 | €15,106 | -€174,553 | -€349,250 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €28,460 | €6,755 | €39,417 | €38,027 | -€9,455 | €15,106 | -€174,553 | -€349,250 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.6m | €0.7m | €0.7m | €0.7m | €1.3m | €4.5m | €4.2m | ▼ 6.4% |
| Formation expenses20 | - | - | - | - | - | - | €0.1m | €0.07m | ▼ 23.1% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.6m | €3.5m | €3.4m | ▼ 3.5% |
| Intangible fixed assets21 | - | - | - | €0.002m | €0.002m | €0.001m | €0.002m | €0.001m | ▼ 39.8% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.6m | €3.5m | €3.4m | ▼ 3.7% |
| Land and buildings22 | - | - | - | - | - | €0.2m | €1.9m | €1.9m | ▲ 1.2% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.1m | €0.9m | €0.9m | ▲ 0.3% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.01m | €0.7m | €0.6m | ▼ 16.9% |
| Assets under construction and advance payments27 | - | - | - | - | €0.05m | €0.3m | €0.04m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.007m | €0.007m | €0.004m | €0.004m | €0.004m | €0.004m | €0.006m | €0.01m | ▲ 137% |
| Current assets29/58 | €0.4m | €0.4m | €0.5m | €0.6m | €0.5m | €0.6m | €0.9m | €0.7m | ▼ 16.3% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 7.3% |
| Stocks30/36 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 7.3% |
| Amounts receivable within one year40/41 | €0.09m | €0.07m | €0.1m | €0.2m | €0.07m | €0.2m | €0.2m | €0.2m | ▲ 2.4% |
| Trade receivables40 | - | - | - | €0.1m | €0.05m | €0.05m | €0.06m | €0.09m | ▲ 46.6% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.02m | €0.2m | €0.1m | €0.1m | ▼ 15.8% |
| Cash at bank and in hand54/58 | €0.09m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | €0.1m | ▼ 58.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.006m | €0.01m | €0.01m | €0.01m | ▲ 41.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.6m | €0.7m | €0.7m | €0.7m | €1.3m | €4.5m | €4.2m | ▼ 6.4% |
| Equity10/15 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.03m | -€0.3m | - |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.008m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | €0.05m | €0.05m | €0.09m | €0.1m | €0.1m | €0.1m | -€0.04m | -€0.4m | ▼ 835% |
| Amounts payable17/49 | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €1.1m | €4.4m | €4.5m | ▲ 1.4% |
| Amounts payable after more than one year17 | €0.04m | €0.05m | €0.05m | €0.07m | €0.04m | €0.2m | €3.4m | €3.3m | ▼ 4.3% |
| Financial debts170/4 | - | - | - | €0.07m | €0.04m | €0.2m | €3.4m | €3.2m | ▼ 5.5% |
| Other amounts payable178/9 | - | - | - | - | - | €0.004m | €0.004m | €0.04m | ▲ 999% |
| Amounts payable within one year42/48 | €0.5m | €0.4m | €0.5m | €0.4m | €0.4m | €0.8m | €1.0m | €1.2m | ▲ 20.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.02m | €0.03m | €0.2m | €0.3m | ▲ 34.9% |
| Financial debts43 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.05m | ▲ 32.7% |
| Credit institutions430/8 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.05m | ▲ 32.7% |
| Trade debts44 | €0.4m | €0.3m | €0.4m | €0.3m | €0.3m | €0.7m | €0.7m | €0.8m | ▲ 13.7% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | €0.7m | €0.7m | €0.8m | ▲ 13.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.05m | €0.06m | €0.08m | €0.1m | ▲ 36.7% |
| Taxes450/3 | - | - | - | €0.001m | €0.002m | €0.005m | €0.003m | €0.002m | ▼ 38.1% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.05m | €0.05m | €0.07m | €0.1m | ▲ 39.2% |
| Other amounts payable47/48 | - | - | - | - | €0.05m | €0.04m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | €0.04m | €0.04m | €0.05m | €0.05m | ▲ 19.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.007m | €0.04m | €0.04m | -€0.009m | €0.02m | -€0.2m | -€0.3m | ▼ 100% |
| + Depreciation and write-downs630 | €0.07m | €0.08m | €0.07m | €0.08m | €0.06m | €0.06m | €0.2m | €0.4m | ▲ 53.0% |
| Operating cash flow (approximation) | €0.1m | €0.08m | €0.1m | €0.1m | €0.05m | €0.07m | €0.06m | €0.01m | ▼ 82.5% |
| Investment in fixed assets (approximation) | - | -€0.05m | -€0.05m | -€0.04m | -€0.1m | -€0.5m | -€3.1m | -€0.2m | ▲ 92.2% |
| Change in cash | - | -€0.01m | €0.05m | €0.01m | -€0.01m | €0.01m | €0.2m | -€0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 13-08-2026 | 2026-00397226 |
| 31-12-2024 | full format | 01-08-2025 | 2025-00351204 |
| 31-12-2023 | full format | 30-08-2024 | 2024-00425697 |
| 31-12-2022 | full format | 26-07-2023 | 2023-00273195 |
| 31-12-2021 | full format | 27-06-2022 | 2022-20146385 |
| 31-12-2020 | full format | 08-07-2021 | 2021-34300226 |
| 31-12-2019 | full format | 01-07-2020 | 2020-24700592 |
| 31-12-2018 | full format | 07-08-2019 | 2019-44600119 |
| 31-12-2017 | full format | 30-07-2018 | 2018-40700373 |
| 31-12-2016 | full format | 30-08-2017 | 2017-57500478 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| RONSE Amélie |
|
| RONSE Michel Ghislain Gustave |
|
| DELROEUX Nadine |
|
Owners and capital
Owners
1 ownerOwners 1
- Amélie Ronsenatural personSourceown accounts 2025share not stated
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- RONSE Amélie 5,999 shares
- ITM BELGIUM (BE 0444.175.173) 1 share
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 26-06-2023 Capital stated in the deed · 6,000 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
26-06
Gazette deed
Resignations: RONSE Michel Ghislain Gustave, DELROEUX Nadine and RONSE AmélieAppointments: RONSE Amélie (sole director) and RONSE Michel Ghislain Gustave (administrateur suppléant) · Permanent representative: RONSE Amélie · Kind of shares23 facts ▸
- General meeting, 21-06-2023
- Kind of shares, “création, part du bénéfice et du solde de liquidation proportionnelle à la part dans le capital” (deed in French)
- Other provision, “connaissance rapports article 7:155, se reconnaît suffisamment informée sur l’opération et ses conséquences financières et comptables” (deed in French)
- Shareholding, “B”, 5999 (deed in French)
- Shareholding, “A”, 1 (deed in French)
- Capital
- Amendment of the articles (2 times)
- Other provision, “dispense de lecture du rapport spécial”, 13-06-2023 (deed in French)
- Purpose change
- Capital, €62,000
- Director resignation, RONSE Michel Ghislain Gustave (director)
- Director resignation, DELROEUX Nadine (director)
- +11 further facts in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57018B0264/00S000 | Wallonia | 2,706 m² | 1 · 101 m² | 9.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INTERCELLES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, 7760 Celles,rue Provinciale,11” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “6 ans, 3” (deed in French)“Illimitée, assemblée générale peut mettre fin à tout moment,effet immédiat,sans motif” (deed in French)“Vacance d'une place d'administrateur, première assemblée générale qui suit doit confirmer” (deed in French)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- “Conseil d'administration ou l’administrateur unique” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, part du bénéfice et du solde de liquidation proportionnelle à la part dans le capital” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant et moitié acquéreurs proportionnellement aux actions acquises, cessions et transmissions d'actions,à titre onéreux ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of May at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prescrites pour la modification des statuts, perte du capital” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, assemblée générale” (deed in French)