Meubelmakerij Ceulemans
ActiveMeubelmakerij Ceulemans has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.01M and a net result of €47k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-5
Solvency61▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.41 in 2023; short-term debt: 15.8% and cash: 6.8% of total assets), but 64.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.9%
Return on assets
1.7%
Age of the figures
21 mo
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
33 d early
2022
73 d late
2021
38 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.46M
EBIT margin
-64.9%
Net result
€47k▼ 73.8%
2023 · €180k
2018: €-16k
2019: €266k
2020: €62k
2021: €149k
2022: €85k
2023: €180k
2018 → 2024
Working capital
€613k▲ 7.3%
2023 · €571k
2018: €-202k
2019: €-25k
2020: €-45k
2021: €165k
2022: €288k
2023: €571k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€615k-€765k▲ 24.3%€850k▲ 11.1%€1.03M▲ 21.2%€1.01M▼ 2.2%
Operating result€94k-€198k▲ 111%€126k▼ 36.5%€299k▲ 138%€131k▼ 56.4%
Net result€62k-€149k▲ 141%€85k▼ 43.3%€180k▲ 113%€47k▼ 73.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.80M
Fixed assets
€1.75M▼ 9.6%
Current assets
€1.06M▲ 8.2%
Equity and liabilities €2.80M
Equity
€1.01M▼ 2.2%
Provisions
€62k▼ 3.2%
Debt
€1.73M▼ 4.5%
The debt ratio falls from 62.4% to 61.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€426k▼
2023 · €608k
Cash flow
€343k▼
2023 · €489k
Solvency
35.9%▲
2023 · 35.4%
Current ratio
2.39▼
2023 · 2.41
Quick ratio
1.63▼
2023 · 1.94
Debt / equity
1.72▼
2023 · 1.76
ROE
4.7%▼
2023 · 17.5%
ROA
1.7%▼
2023 · 6.2%
Interest coverage
7.12▼
2023 · 15.55
Debt
€1.73M▼
2023 · €1.82M
Debt ≤ 1 year
€442k▲
2023 · €404k
Debt > 1 year
€1.29M▼
2023 · €1.41M
Income taxes
€29k▼
2023 · €82k
Staff costs
€883k▲
2023 · €838k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.91M€2.80M▼
Fixed assets21/28€1.93M€1.75M▼
Intangible fixed assets21€12k€6k▼
Tangible fixed assets22/27€1.92M€1.74M▼
Land and buildings22€1.57M€1.47M▼
Plant, machinery and equipment23€145k€110k▼
Furniture and vehicles24€59k€91k▲
Leasing and similar rights25€145k€74k▼
Current assets29/58€975k€1.06M▲
Stocks and contracts in progress3€193k€335k▲
Stocks30/36€193k€234k▲
Contracts in progress37-€101k
Amounts receivable within one year40/41€314k€493k▲
Trade receivables40€290k€272k▼
Other amounts receivable41€24k€220k▲
Current investments50/53-€16k
Cash at bank and in hand54/58€459k€190k▼
Deferred charges and accrued income490/1€9k€21k▲
Equity and liabilities
Total equity and liabilities10/49€2.91M€2.80M▼
Equity10/15€1.03M€1.01M▼
Contributions10/11€19k€19k=
Reserves13€1.01M€988k▼
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Tax-exempt reserves132€191k€185k▼
Distributable reserves133€818k€801k▼
Profit (loss) carried forward14€160€225▲
Provisions and deferred taxes16€64k€62k▼
Deferred taxes168€64k€62k▼
Amounts payable17/49€1.82M€1.73M▼
Amounts payable after more than one year17€1.41M€1.29M▼
Financial debts170/4€1.41M€1.29M▼
Amounts payable within one year42/48€404k€442k▲
Current portion of amounts payable after more than one year42€191k€190k▼
Financial debts43-€23k
Credit institutions430/8-€23k
Trade debts44€93k€145k▲
Suppliers440/4€93k€145k▲
Taxes, remuneration and social security45€113k€26k▼
Taxes450/3€62k€3k▼
Remuneration and social security454/9€51k€22k▼
Other amounts payable47/48€7k€57k▲
Income statement
Code20232024
Non-recurring operating income76A€4k€8k▲
Remuneration, social security and pensions62€838k€883k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€309k€296k▼
Other operating charges640/8€18k€8k▼
Gross operating margin9900€1.46M€1.32M▼
Operating profit (loss)9901€299k€131k▼
Financial income75/76B€239€4k▲
Recurring financial income75€239€4k▲
Financial charges65/66B€39k€60k▲
Recurring financial charges65€39k€60k▲
Profit (loss) for the period before taxes9903€260k€74k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€82k€29k▼
Profit (loss) for the period9904€180k€47k▼
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€186k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€187k€54k▼
Profit (loss) brought forward from the previous period14P€839€160▼
Transfer from equity791/2-€70k
Transfer to equity691/2€187k€53k▼
To other reserves6921€187k€53k▼
Profit to be distributed694/7-€70k
Return on contributions (dividend)694-€70k
Social balance
Average headcount (FTE)908712.412.6▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.03M ▲21.2%
5 profitable years in a row build equity to €1.03M.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 73 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €266k
Net result €266k after one loss-making year.
31-12
Financial
Equity above €500kEq €553k ▲249%
Equity rises from €159k to €553k.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 50 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lier · 1 establishment unit since 2008
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.
Industriestraat 122500 LierGround area
3,541 m²
Building footprint
2,322 m²
Volume, LiDAR
9,298 m³
Parcel 12392A0444/00S002, Flanders · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Meubelmakerij Ceulemans
since 20082.172.415.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0444/00S002 | Flanders | 3,541 m² | 1 · 2,322 m² | 13.1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,078 EUR awarded · 2,078 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,078 EUR | 2,078 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 4,377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2008
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.