Celplast
ActiveSummary
Celplast has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €468k and a net result of €2k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▼-34
Solvency73▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.42 in 2023; short-term debt: 49.5% and cash: 12.1% of total assets), but 51.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
1 d early
2022
17 d early
2021
10 d early
2020
59 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€468k▲ 0.5%
2023 · €465k
2018: €288k
2019: €299k
2020: €320k
2021: €402k
2022: €437k
2023: €465k
2018 → 2024
Total assets
€967k▲ 14.9%
2023 · €841k
2018: €740k
2019: €837k
2020: €792k
2021: €931k
2022: €893k
2023: €841k
2018 → 2024
Net result
€2k▼ 91.4%
2023 · €29k
2018: €23k
2019: €11k
2020: €22k
2021: €81k
2022: €35k
2023: €29k
2018 → 2024
Working capital
€446k▼ 5.1%
2023 · €470k
2018: €298k
2019: €393k
2020: €431k
2021: €451k
2022: €469k
2023: €470k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€320k-€402k▲ 25.4%€437k▲ 8.7%€465k▲ 6.5%€468k▲ 0.5%
Operating result€43k-€137k▲ 219%€62k▼ 54.8%€51k▼ 17.5%€14k▼ 72.7%
Net result€22k-€81k▲ 278%€35k▼ 56.9%€29k▼ 18.5%€2k▼ 91.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 73% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €967k
Fixed assets
€42k ▲ 2.7%
Current assets
€924k ▲ 15.6%
Equity and liabilities €967k
Equity
€468k ▲ 0.5%
Debt
€499k ▲ 32.8%
Debt's share of the balance-sheet total rises from 44.7% to 51.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2023 · €55k
Cash flow
€8k▼
2023 · €33k
Current ratio
1.93▼
2023 · 2.42
Quick ratio
1.40▼
2023 · 1.71
Debt to equity
1.07▲
2023 · 0.81
ROE
0.5%▼
2023 · 6.1%
ROA
0.3%▼
2023 · 3.4%
Interest coverage
2.44▼
2023 · 6.52
Debt ≤ 1 year
€479k▲
2023 · €330k
Debt > 1 year
€20k▼
2023 · €42k
Income taxes
€4k▼
2023 · €16k
Staff costs
€109k▲
2023 · €104k
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€841k€967k▲
Fixed assets21/28€41k€42k▲
Intangible fixed assets21€19k€16k▼
Tangible fixed assets22/27€9k€13k▲
Plant, machinery and equipment23€154€103▼
Furniture and vehicles24€9k€12k▲
Other tangible fixed assets26€573€430▼
Financial fixed assets28€13k€13k=
Current assets29/58€800k€924k▲
Amounts receivable after more than one year29€226k€226k=
Other amounts receivable291€226k€226k=
Stocks and contracts in progress3€235k€253k▲
Stocks30/36€235k€253k▲
Amounts receivable within one year40/41€293k€321k▲
Trade receivables40€284k€301k▲
Other amounts receivable41€9k€21k▲
Cash at bank and in hand54/58€38k€117k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€841k€967k▲
Equity10/15€465k€468k▲
Contributions10/11€222k€222k=
Reserves13€243k€246k▲
Distributable reserves133€243k€246k▲
Amounts payable17/49€376k€499k▲
Amounts payable after more than one year17€42k€20k▼
Financial debts170/4€42k€20k▼
Amounts payable within one year42/48€330k€479k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Trade debts44€262k€402k▲
Suppliers440/4€262k€402k▲
Taxes, remuneration and social security45€35k€44k▲
Taxes450/3€22k€30k▲
Remuneration and social security454/9€13k€13k▲
Other amounts payable47/48€11k€12k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20232024
Remuneration, social security and pensions62€104k€109k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€10k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€165k€142k▼
Operating profit (loss)9901€51k€14k▼
Financial income75/76B€2k€20▼
Recurring financial income75€194€20▼
Non-recurring financial income76B€2k-
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€45k€6k▼
Income taxes67/77€16k€4k▼
Profit (loss) for the period9904€29k€2k▼
Profit (loss) for the period to be appropriated9905€29k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€2k▼
Transfer to equity691/2€29k€2k▼
To other reserves6921€29k€2k▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼91.4%
Net result drops to €2k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €81k ▲278%
Operating result €137k, net result €81k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Merelbeke-Melle · 1 establishment unit since 1979
Ground area
1.3 ha
Building footprint
3,909 m²
Volume, LiDAR
29,840 m³
Parcel 44040D0086/00D003, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CELPLAST
since 19792.017.140.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040D0086/00D003 | Flanders | 1.3 ha | 1 · 3,909 m² | 9.5 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.017.140.338
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DRUKKERIJ HEREMANS
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Lennik · Eq €473,037
SANDETY
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Reyn
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Of 779 companies in sector 22220 we hold annual accounts for 598. 447 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 formPrivate limited company
Founded30-03-1979
Fiscal year end31-12
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.