ACTIVE

CELORD

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Financial year 2025 · closed on 31/12/2025

Net result

7,8 k €

+6.8% YoY

Gross margin

27,4 k €

+3.5% YoY

Equity

365 k €

+2.2% YoY

What does CELORD do?

CELORD is a Public limited company incorporated in 1974. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.906.027

Incorporation

29/01/1974

Legal form

Public limited company

Registered office

Avenue d'Ecolys(RH) 2 box 2
5020 Namur · WallonieSee on map

Contributed capital

334 515,01 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	27,4 k €	+3.5%	26,5 k €	+1.4%	26,1 k €	+10.0%	23,8 k €	-73.5%	89,7 k €	+1041%	7,9 k €	-10.5%	8,8 k €	-27.2%	12,1 k €	-18.4%	14,8 k €	-25.5%	19,8 k €	-25.5%	26,6 k €	-0.4%	26,8 k €	+15.3%	23,2 k €	-30.2%	33,2 k €	+497%	5,6 k €	-75.9%	23 k €	+1464%	1,5 k €	-88.6%	13 k €	-66.5%	38,7 k €	-1.7%	39,4 k €
EBITDA	23,6 k €	+2.3%	23,1 k €	+1.1%	22,8 k €	+10.1%	20,8 k €	-76.1%	86,7 k €	+1621%	5 k €	-14.9%	5,9 k €	-36.6%	9,3 k €	-22.9%	12,1 k €	-30.2%	17,3 k €	-31.5%	25,3 k €	-0.4%	25,4 k €	+16.2%	21,9 k €	-29.5%	31,1 k €	+496%	5,2 k €	-77.0%	22,7 k €	+1917%	1,1 k €	-91.0%	12,5 k €	-66.8%	37,7 k €	-3.3%	39 k €
Operating result	9,9 k €	+5.6%	9,4 k €	+2.8%	9,2 k €	+29.5%	7,1 k €	-90.3%	73 k €	+945%	-8,6 k €	-11.3%	-7,8 k €	-78.6%	-4,3 k €	-176%	-1,6 k €	-145%	3,5 k €	-69.3%	11,5 k €	-0.9%	11,6 k €	+43.9%	8,1 k €	-49.0%	15,9 k €	+1044%	-1,7 k €	-111%	15,8 k €	+374%	-5,8 k €	-146%	12,5 k €	-66.8%	37,7 k €	-2.0%	38,5 k €
Net result	7,8 k €	+6.8%	7,3 k €	+3.0%	7,1 k €	+28.7%	5,5 k €	-91.3%	62,9 k €	+955%	-7,4 k €	-11.3%	-6,6 k €	-59.1%	-4,2 k €	-1957%	-201,9 €	-105%	4,5 k €	-44.9%	8,1 k €	-3.0%	8,4 k €	+15.0%	7,3 k €	-15.7%	8,6 k €	+4709%	179,5 €	-98.9%	16,4 k €	+542%	-3,7 k €	-135%	10,5 k €	-67.3%	32,2 k €	-18.0%	39,3 k €
Balance sheet
Equity	365 k €	+2.2%	357,2 k €	+2.1%	350 k €	+2.1%	342,9 k €	+1.6%	337,4 k €	+22.9%	274,5 k €	-2.6%	281,9 k €	-2.3%	288,5 k €	-1.4%	292,6 k €	-0.1%	292,8 k €	+1.6%	288,4 k €	+2.9%	280,2 k €	+3.1%	271,9 k €	+2.8%	264,6 k €	+3.4%	256 k €	+0.1%	255,8 k €	+6.8%	239,4 k €	+1549%	14,5 k €	+266%	4 k €	+114%	-28,3 k €
Total assets	388,7 k €	+1.8%	381,8 k €	+1.7%	375,2 k €	-2.2%	383,8 k €	+2.0%	376,4 k €	+19.9%	313,9 k €	-4.7%	329,4 k €	-5.4%	348,3 k €	-2.0%	355,3 k €	-9.7%	393,5 k €	-0.0%	393,5 k €	-3.7%	408,7 k €	-1.9%	416,7 k €	-13.9%	483,9 k €	+15.8%	418 k €	-0.4%	419,8 k €	+1.3%	414,2 k €	+111%	196,7 k €	-0.1%	196,8 k €	-19.0%	242,9 k €
Cash	–		–		–		–		–		–		–		–		–		–		–		–		7,9 k €	+170%	2,9 k €	-31.6%	4,3 k €	-31.5%	6,2 k €	-12.3%	7,1 k €	+24.3%	5,7 k €	-81.9%	31,7 k €	+90701%	34,9 €
Debts	8,3 k €	+4.6%	7,9 k €	+6.3%	7,5 k €	-65.9%	21,9 k €	+16.6%	18,8 k €	+81.9%	10,3 k €	-38.7%	16,9 k €	-39.0%	27,6 k €	-4.3%	28,9 k €	-55.7%	65,2 k €	-4.3%	68,1 k €	-24.2%	89,8 k €	-14.1%	104,5 k €	-41.1%	177,4 k €	+49.6%	118,5 k €	-0.3%	118,8 k €	-7.2%	128 k €	-5.3%	135,2 k €	-7.3%	145,9 k €	-34.9%	224,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

de DECKER LAURENCE

Mandate

Active

de SAUVAGE BENOIT

Mandate

Active

de SAUVAGE PAUL

Mandate

Active

Ended mandates

Hubert de Sauvage

Director · since 03 mai 2019

Ended

Laurence de Decker

Director · since 03 mai 2019

Ended

Paul de Sauvage

Managing director · since 03 mai 2019

Ended

Etablissements Auguste Defoux

Director · since 23 décembre 2011 · until 23 décembre 2017 · 0401.385.208

Represented by Paul de SAUVAGE

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	28/08/2025	30/08/2024	12/07/2023	05/08/2022	30/08/2021
General meeting	30/06/2026	25/06/2025	29/06/2024	05/05/2023	06/05/2022	07/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	25/06/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	05/05/2023	12/07/2023	French	PDF
Abridged model	31/12/2021	06/05/2022	05/08/2022	French	PDF
Abridged model	31/12/2020	07/05/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	28/06/2020	29/07/2020	French	PDF
Abridged model	31/12/2018	03/05/2019	22/07/2019	French	PDF
Abridged model	31/12/2017	04/05/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	05/05/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	07/05/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	06/05/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	07/05/2014	12/08/2014	French	PDF
Abridged model	31/12/2012	08/05/2013	24/07/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	29/06/2011	04/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	11/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	24/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

de DECKER LAURENCE

Mandate

Active

de SAUVAGE BENOIT

Mandate

Active

de SAUVAGE PAUL

Mandate

Active

Ended mandates

Hubert de Sauvage

Director · since 03 mai 2019

Ended

Laurence de Decker

Director · since 03 mai 2019

Ended

Paul de Sauvage

Managing director · since 03 mai 2019

Ended

Etablissements Auguste Defoux

Director · since 23 décembre 2011 · until 23 décembre 2017 · 0401.385.208

Represented by Paul de SAUVAGE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office22/09/2016
SIEGE SOCIAL
PDF
Mandates23/01/2012
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares14/01/2010
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/12/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2006
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates20/01/2005
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20257,8 k €↑
2024
Annual accounts 20247,3 k €↑
2023
Annual accounts 20237,1 k €↑
2022
Annual accounts 20225,5 k €↓
2021
Annual accounts 202162,9 k €↑
2020
Annual accounts 2020-7,4 k €↓
2019
Annual accounts 2019-6,6 k €↓
2018
Annual accounts 2018-4,2 k €↓
2017
Annual accounts 2017-201,9 €↓
2016
Annual accounts 20164,5 k €↓
2015
Annual accounts 20158,1 k €↓
2014
Annual accounts 20148,4 k €↑
2013
Annual accounts 20137,3 k €↓
2012
Annual accounts 20128,6 k €↑
2011
Annual accounts 2011179,5 €↓
2010
Annual accounts 201016,4 k €↑
2009
Annual accounts 2009-3,7 k €↓
2008
Annual accounts 200810,5 k €↓
2007
Annual accounts 200732,2 k €↓
2006
Annual accounts 200639,3 k €
29/01/1974
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CELORD

Overview

What does CELORD do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline