INTERCELLES
ActiveINTERCELLES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-320k) and a net result of €-349k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 9% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-7
Solvency17▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.62 against 0.89 in 2024; short-term debt: 28.5% and cash: 3.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-7.6%
Return on assets
-8.3%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-320k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
1 d late
2023
30 d late
2022
5 d early
2021
34 d early
2020
23 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-349k▼ 100%
2024 · €-175k
2018: €28k
2019: €7k
2020: €39k
2021: €38k
2022: €-9k
2023: €15k
2024: €-175k
2018 → 2025
Working capital
€-456k▼ 311%
2024 · €-111k
2018: €-97k
2019: €-59k
2020: €14k
2021: €144k
2022: €69k
2023: €-188k
2024: €-111k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€198k-€189k▼ 4.8%€204k▲ 8.0%€30k▼ 85.5%€-320k
Operating result€90k-€24k▼ 73.2%€64k▲ 164%€-41k€-124k▼ 206%
Net result€38k-€-9k€15k€-175k€-349k▼ 100%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €124k in 2025 against €41k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.11M
Fixed assets
€3.37M▼ 3.5%
Current assets
€739k▼ 16.3%
Key figures and ratios
EBITDA
€235k▲
2024 · €194k
Cash flow
€11k▼
2024 · €61k
Solvency
-7.6%▼
2024 · 0.7%
Current ratio
0.62▼
2024 · 0.89
Quick ratio
0.30▼
2024 · 0.53
Debt / equity
-14.09
ROA
-8.3%▼
2024 · -3.9%
Interest coverage
1.16▼
2024 · 1.34
Debt
€4.51M▲
2024 · €4.44M
Debt ≤ 1 year
€1.19M▲
2024 · €994k
Debt > 1 year
€3.26M▼
2024 · €3.40M
Income taxes
€466▲
2024 · €342
Staff costs
€631k▲
2024 · €497k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.47M€4.19M▼
Formation expenses20€96k€74k▼
Fixed assets21/28€3.49M€3.37M▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€3.49M€3.36M▼
Land and buildings22€1.86M€1.88M▲
Plant, machinery and equipment23€922k€925k▲
Furniture and vehicles24€666k€554k▼
Assets under construction and advance payments27€40k€0▼
Financial fixed assets28€6k€14k▲
Current assets29/58€883k€739k▼
Stocks and contracts in progress3€356k€382k▲
Stocks30/36€356k€382k▲
Amounts receivable within one year40/41€208k€213k▲
Trade receivables40€60k€89k▲
Other amounts receivable41€147k€124k▼
Cash at bank and in hand54/58€308k€130k▼
Deferred charges and accrued income490/1€10k€14k▲
Equity and liabilities
Total equity and liabilities10/49€4.47M€4.19M▼
Equity10/15€30k€-320k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€9k€9k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€3k€3k=
Profit (loss) carried forward14€-42k€-391k▼
Amounts payable17/49€4.44M€4.51M▲
Amounts payable after more than one year17€3.40M€3.26M▼
Financial debts170/4€3.40M€3.21M▼
Other amounts payable178/9€4k€42k▲
Amounts payable within one year42/48€994k€1.19M▲
Current portion of amounts payable after more than one year42€193k€260k▲
Financial debts43€34k€46k▲
Credit institutions430/8€34k€46k▲
Trade debts44€689k€783k▲
Suppliers440/4€689k€783k▲
Taxes, remuneration and social security45€77k€106k▲
Taxes450/3€3k€2k▼
Remuneration and social security454/9€75k€104k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€46k€55k▲
Income statement
Code20242025
Non-recurring operating income76A€176k€75k▼
Remuneration, social security and pensions62€497k€631k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€235k€360k▲
Other operating charges640/8€29k€33k▲
Non-recurring operating charges66A€430€640▲
Gross operating margin9900€721k€899k▲
Operating profit (loss)9901€-41k€-124k▼
Financial income75/76B€11k€61▼
Recurring financial income75€11k€61▼
Financial charges65/66B€145k€224k▲
Recurring financial charges65€145k€204k▲
Non-recurring financial charges66B-€21k
Profit (loss) for the period before taxes9903€-174k€-349k▼
Income taxes67/77€342€466▲
Profit (loss) for the period9904€-175k€-349k▼
Profit (loss) for the period to be appropriated9905€-175k€-349k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-391k▼
Profit (loss) brought forward from the previous period14P€133k€-42k▼
Social balance
Average headcount (FTE)908713.413.4=
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet €-349k
Net result drops to €-349k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Equity above €200kEq €204k ▲8%
Equity rises from €189k to €204k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €39k ▲484%
Net result €39k, the highest in the series.
31-12
Financial
Equity above €150kEq €160k ▲32.6%
3 profitable years in a row build equity to €160k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 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, Celles (lez-Tournai) · 1 establishment unit since 2012
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.
Rue Provinciale 117760 Celles (lez-Tournai)Ground area
2,706 m²
Building footprint
101 m²
Volume, LiDAR
747 m³
Parcel 57018B0264/00S000, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Intercelles
since 20122.211.252.679
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57018B0264/00S000 | Wallonia | 2,706 m² | 1 · 101 m² | 9.1 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 siteCelles (Ht.)2.211.252.679
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Of 10,530 companies in sector 47110 we hold annual accounts for 5,858. 4,419 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-07-2012
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.