CELEM

Active

Public limited companyfounded 198739 yrs activeBoulevard de l'Ourthe 100, 4053 Chaudfontaine, BelgiumKBO/BCE: BE 0430.485.307

Summary

CELEM has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.23M and a net result of €865k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

77 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability90▲+5

Solvency69▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €170k at 30 days acceptable

Liquidity ample (current ratio 2.01 against 2.12 in 2024; short-term debt: 39.5% and cash: 12.7% of total assets), but 56.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

43.9%

Return on assets

17%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

8 d early

2024

29 d late

2023

92 d late

2022

24 d late

2021

27 d late

2020

18 d late

2019

82 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€865k▲ 38.3%

2024 · €626k

2018: €165k 2019: €334k 2020: €416k 2021: €327k 2022: €687k 2023: €710k 2024: €626k

2018 → 2025

Working capital

€2.03M▲ 6.6%

2024 · €1.90M

2018: €847k 2019: €1.28M 2020: €1.52M 2021: €2.93M 2022: €3.25M 2023: €1.56M 2024: €1.90M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1.85M-€2.51M▲ 35.6%€1.33M▼ 47.3%€1.95M▲ 47.2%€2.23M▲ 14.1%

Operating result€469k-€941k▲ 101%€1.01M▲ 7.5%€881k▼ 12.9%€1.25M▲ 41.5%

Net result€327k-€687k▲ 110%€710k▲ 3.3%€626k▼ 11.8%€865k▲ 38.3%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 41% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €5.08M

20.6%

79.4%

Fixed assets €1.05M ▼ 6.0%

Current assets €4.03M ▲ 12.1%

Equity and liabilities €5.08M

43.9%

56.1%

Equity €2.23M ▲ 14.1%

Debt €2.85M ▲ 3.4%

Debt's share of the balance-sheet total falls from 58.5% to 56.1%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.42M▲

2024 · €1.04M

Cash flow

€1.03M▲

2024 · €788k

Current ratio

2.01▼

2024 · 2.12

Quick ratio

1.54▼

2024 · 1.58

Debt to equity

1.28▼

2024 · 1.41

ROE

38.9%▲

2024 · 32.1%

ROA

17.0%▲

2024 · 13.3%

Interest coverage

32.88▲

2024 · 22.01

Debt ≤ 1 year

€2.01M▲

2024 · €1.70M

Debt > 1 year

€541k▼

2024 · €859k

Income taxes

€357k▲

2024 · €216k

Staff costs

€1.53M▲

2024 · €1.32M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines

Balance sheet Code20242025

Assets

Total assets20/58€4.71M€5.08M▲

Fixed assets21/28€1.11M€1.05M▼

Intangible fixed assets21€7k€3k▼

Tangible fixed assets22/27€1.11M€1.04M▼

Land and buildings22€500k€505k▲

Plant, machinery and equipment23€239k€204k▼

Furniture and vehicles24€367k€335k▼

Financial fixed assets28€890-

Current assets29/58€3.59M€4.03M▲

Stocks and contracts in progress3€914k€943k▲

Stocks30/36€914k€943k▲

Amounts receivable within one year40/41€2.11M€2.43M▲

Trade receivables40€1.09M€1.46M▲

Other amounts receivable41€1.02M€972k▼

Cash at bank and in hand54/58€504k€646k▲

Deferred charges and accrued income490/1€70k€11k▼

Equity and liabilities

Total equity and liabilities10/49€4.71M€5.08M▲

Equity10/15€1.95M€2.23M▲

Contributions10/11€462k€462k=

Capital10€462k€462k=

Issued capital100€462k€462k=

Reserves13€865k€865k=

Non-distributable reserves130/1€296k€296k=

Legal reserve130€46k€46k=

Reserves not available under the articles1311-€250k

Other1319€250k-

Tax-exempt reserves132€568k€421k▼

Distributable reserves133-€147k

Profit (loss) carried forward14€626k€900k▲

Amounts payable17/49€2.76M€2.85M▲

Amounts payable after more than one year17€859k€541k▼

Financial debts170/4€859k€541k▼

Amounts payable within one year42/48€1.70M€2.01M▲

Current portion of amounts payable after more than one year42€363k€317k▼

Financial debts43€407k€250k▼

Credit institutions430/8€407k€250k▼

Trade debts44€419k€553k▲

Suppliers440/4€419k€553k▲

Taxes, remuneration and social security45€256k€294k▲

Taxes450/3€53k€112k▲

Remuneration and social security454/9€203k€182k▼

Other amounts payable47/48€249k€591k▲

Accrued charges and deferred income492/3€202k€304k▲

Income statement Code20242025

Non-recurring operating income76A€509€26k▲

Remuneration, social security and pensions62€1.32M€1.53M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€163k€169k▲

Other operating charges640/8€26k€44k▲

Gross operating margin9900€2.39M€2.99M▲

Operating profit (loss)9901€881k€1.25M▲

Financial income75/76B€8k€18k▲

Recurring financial income75€8k€18k▲

Financial charges65/66B€47k€43k▼

Recurring financial charges65€47k€43k▼

Profit (loss) for the period before taxes9903€842k€1.22M▲

Income taxes67/77€216k€357k▲

Profit (loss) for the period9904€626k€865k▲

Transfer from tax-exempt reserves789-€147k

Profit (loss) for the period to be appropriated9905€626k€1.01M▲

Appropriation of the result

Profit (loss) to be appropriated9906€626k€1.64M▲

Profit (loss) brought forward from the previous period14P-€626k

Transfer to equity691/2-€147k

To other reserves6921-€147k

Profit to be distributed694/7-€591k

Return on contributions (dividend)694-€591k

Social balance

Average headcount (FTE)908722.723.6▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 3Gazette 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-09

State Gazette act General meeting · Other statement

Merger · Declaration · Capital decrease75 facts ▸

General meeting, Assemblée générale extraordinaire des actionnaires
Other statement, mise à disposition des projets de scission, un mois au moins avant la date de la présente assemblée
Other statement, renonciation aux rapports écrits, vote exprès à l'assemblée générale
Other statement, renonciation à l'état comptable clôturé moins de trois mois avant la date du projet de scission, rapports seront établis concernant l'apport en nature réalisé d…
Other statement, dispense de communication des modifications du patrimoine actif et passif, les organes d'administration qui ont été spécialement dispensés en ont informé l'asse…
Other statement, approbation du projet de procès-verbal, prise de connaissance des statuts et de la situation financière de la société bénéficiaire, 12:69
Other statement, scission partielle par absorption, caractère idoine de l'objet des sociétés
Other statement, faculté prévue par l'article 12:62, §1er, in fine, non-intervention d'un réviseur d'entreprise
Other statement, aucun avantage particulier attribué aux membres des organes de gestion, 12:59 alinéa 2, 8°
Merger, partial demerger, EUR
Other statement, rapport d'apport en nature, articles 5:133 et 5:121 du Code des Sociétés et des Associations
Declaration, situation hypothecaire, assemblée déclare ne pas avoir signé de mandat hypothécaire grevant les biens ou en avoir obtenu la mainlevée
+63 further facts in this act

23-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

29-06

State Gazette act Restructuring

Demerger · Real estate · Accounting effect25 facts ▸

Demerger, scission partielle par absorption, 01-01-2026
Real estate, Un bien sis boulevard de l'Ourthe 100 et 100+, à 4053 Chaudfontaine d'une superficie totale de 4 635 m²: -A 0002G6P0000, nature < atelier », 2933 ca, bâti indus…
Accounting effect, 01-01-2026
Capital, €480.600
Board composition, HOLD-IT (director)
Board composition, MELEC (director)
Board composition, Benjamin PIRARD (director)
Capital, €15.000
Board composition, HOLD-IT (director)
Board composition, MELEC (director)
Board composition, Benjamin PIRARD (director)
Net-asset statement, 01-01-2026
+13 further facts in this act

11-03

State Gazette act Capital & shares · Statutes amendment · Resignations & appointments · Restructuring

Permanent representatives: PELZER Bruno and STOYNOV Alexandre · Merger · Accounting effect9 facts ▸

General meeting, 31-12-2025
Merger, absorption, 13 actions CELEM pour 100 actions BESTOFIT
Accounting effect, 01-01-2026
Capital increase, €18.600
Capital, €480.600
Statutes amendment
Permanent representative, PELZER Bruno
Permanent representative, STOYNOV Alexandre
Merger, Aucune soulte en espèce n'est versée à l'actionnaire de la société absorbée

2025

31-12

Financial Highest result since 2018net €865k ▲38.3%

Operating result €1.25M, net result €865k, both a record.

31-12

Financial Equity above €2MEq €2.23M ▲14.1%

8 profitable years in a row build equity to €2.23M.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 92 days late

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 24 days late

2022

31-12

Financial Equity above €2MEq €2.51M ▲35.6%

5 profitable years in a row build equity to €2.51M.

27-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 27 days late

2021

18-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 18 days late

Show earlier events

2020

21-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 82 days late

2019

26-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 26 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 29 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 28 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 acts for this company are in the Belgian State Gazette, of which we have read 3. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Chaudfontaine · 1 establishment unit since 1987

establishment The establishment unit on the map

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.

Boulevard de l'Ourthe 1004053 Chaudfontaine

Ground area

2,870 m²

Building footprint

992 m²

Volume, LiDAR

5,789 m³

Parcel 62030A0002/00G006, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Boulevard de l'Ourthe 100, 4053 Chaudfontaine

NACE 5248701

since 19872.032.821.971

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62030A0002/00G006	Wallonia	2,870 m²	1 · 992 m²	6.4 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.

Articles of association

Purpose

L'achat, la vente en gros et détail, l'importation, l'exportation, le développement, fabrication, l'entretien, la réparation, la représentation, et la location de composants…

Full purpose

L'achat, la vente en gros et détail, l'importation, l'exportation, le développement, fabrication, l'entretien, la réparation, la représentation, et la location de composants électroniques, outillages, appareils de mesure, composants informatiques, ordinateurs, logiciels, et toutes extensions selon l'évolution du marché et des techniques. Elle pourra faire toutes opérations mobilières, immobilières, financières, commerciales et industrielles rapportant directement ou indirectement à son objet

according to the deed of 29-06-2026

Structure & network

Acquisitions and mergers

2 transactions

Took over:BESTOFIT

merger by absorption · State Gazette act of 11-03-2026

Demerger with:SPP IMMO

BE 1038.999.365partial demerger · State Gazette act of 23-09-2026 (4 acts) · effective 01-01-2026

Capital and shareholders

Capital over the years

23-09-2026 Capital reduction of 347,514.95 EUR · to 133,085.05 EUR · “sans annulation d'actions existantes”
29-06-2026 Capital stated in the act · 480,600 EUR · 1,263 shares
11-03-2026 Capital increase of 18,600 EUR · to 480,600 EUR · 13 new shares

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Of 1,247 companies in sector 46643 we hold annual accounts for 954. 617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded16-02-1987

Fiscal year end31-12

Activities, NACEBEL 2025

46500Wholesale of information and communication equipment

46643Wholesale of electrical equipment, including installation materials

47400Retail sale of information and communication equipment

62900Other information technology and computer services

62200Computer consultancy and computer facilities management

Sources

Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.