ACTIVE

CELEM

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Financial year 2025 · closed on 31/12/2025

Net result

865,5 k €

+38.3% YoY

Gross margin

3 M €

+25.2% YoY

Equity

2,2 M €

+14.1% YoY

Workforce

23,6 ETP

+4.0% YoY

What does CELEM do?

CELEM is a Public limited company incorporated in 1987. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Chaudfontaine. It employs on average 23,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.485.307

Incorporation

16/02/1987

Legal form

Public limited company

Registered office

Boulevard de l'Ourthe 100
4053 Chaudfontaine · WallonieSee on map

Contributed capital

462 000,00 €

Latest accounts

31/12/2025

Average workforce

23,6 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment 51840Air transport 51871Air transport+7

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	3 M €	+25.2%	2,4 M €	-1.0%	2,4 M €	+2.4%	2,4 M €	+13.7%	2,1 M €	-10.5%	2,3 M €	+5.4%	2,2 M €	+17.7%	1,9 M €	+8.6%	1,7 M €	+5.3%	1,6 M €	+2.3%	1,6 M €	-10.0%	1,8 M €	+3.0%	1,7 M €	-4.8%	1,8 M €	+6.0%	1,7 M €	+1.4%	1,7 M €	+17.9%	1,4 M €	+2.3%	1,4 M €	-3.5%	1,4 M €	+19.9%	1,2 M €
EBITDA	1,4 M €	+35.7%	1 M €	-8.0%	1,1 M €	+10.9%	1 M €	+94.3%	526,8 k €	-19.7%	656,2 k €	+12.9%	581,1 k €	+63.1%	356,3 k €	+18.9%	299,7 k €	+51.9%	197,3 k €	-1.8%	200,9 k €	-29.3%	284,3 k €	-3.6%	295 k €	-1.5%	299,6 k €	+24.1%	241,4 k €	-12.1%	274,7 k €	+27.5%	215,4 k €	-13.5%	249,1 k €	+15.3%	216 k €	+165%	81,4 k €
Operating result	1,2 M €	+41.5%	881,4 k €	-12.9%	1 M €	+7.5%	940,9 k €	+101%	469 k €	-17.8%	570,3 k €	+11.9%	509,4 k €	+87.9%	271,2 k €	+35.1%	200,7 k €	+139%	84 k €	+3.1%	81,4 k €	-47.0%	153,5 k €	+4.8%	146,5 k €	-15.2%	172,6 k €	+9.5%	157,6 k €	+21.8%	129,5 k €	-15.0%	152,2 k €	-20.0%	190,4 k €	+29.9%	146,6 k €	+1551%	8,9 k €
Net result	865,5 k €	+38.3%	625,7 k €	-11.8%	709,6 k €	+3.3%	687,1 k €	+110%	326,7 k €	-21.5%	416,1 k €	+24.7%	333,7 k €	+102%	165 k €	+20036%	819,3 €	-96.9%	26,4 k €	-15.4%	31,1 k €	-61.8%	81,5 k €	+20.4%	67,7 k €	+10.3%	61,4 k €	+47.9%	41,5 k €	+48.5%	28 k €	-47.4%	53,2 k €	-35.3%	82,2 k €	+42.0%	57,9 k €	+254%	-37,6 k €
Balance sheet
Equity	2,2 M €	+14.1%	2 M €	+47.2%	1,3 M €	-47.3%	2,5 M €	+35.6%	1,9 M €	+5.5%	1,8 M €	+30.4%	1,3 M €	+32.1%	1 M €	+18.4%	861,9 k €	-0.6%	867,2 k €	+2.4%	847 k €	+3.0%	822 k €	+10.1%	746,6 k €	+17.4%	635,9 k €	+10.7%	574,5 k €	+7.8%	533 k €	+5.5%	505 k €	+0.6%	501,8 k €	+0.4%	499,6 k €	-0.4%	501,7 k €
Total assets	5,1 M €	+7.8%	4,7 M €	-0.2%	4,7 M €	-21.3%	6 M €	+11.8%	5,4 M €	+39.5%	3,8 M €	+6.4%	3,6 M €	+1.7%	3,6 M €	+9.7%	3,2 M €	+7.3%	3 M €	-7.4%	3,3 M €	+2.7%	3,2 M €	-9.5%	3,5 M €	+2.2%	3,4 M €	+10.9%	3,1 M €	+7.5%	2,9 M €	+17.1%	2,5 M €	+13.2%	2,2 M €	-12.7%	2,5 M €	+8.6%	2,3 M €
Cash	645,9 k €	+28.1%	504,3 k €	-10.5%	563,6 k €	+41.0%	399,8 k €	+46.4%	273 k €	+147%	110,4 k €	-45.9%	204 k €	-49.2%	401,4 k €	-25.5%	538,6 k €	+465%	95,4 k €	-50.3%	192 k €	-19.0%	237 k €	+150%	94,7 k €	+94.6%	48,7 k €	+9.0%	44,6 k €	-84.1%	280,8 k €	+241%	82,4 k €	+126%	36,5 k €	+75.4%	20,8 k €	-16.1%	24,8 k €
Debts	2,5 M €	-0.3%	2,6 M €	-19.7%	3,2 M €	+0.2%	3,2 M €	-4.4%	3,3 M €	+68.8%	2 M €	-2.6%	2 M €	-15.2%	2,4 M €	+5.8%	2,3 M €	+18.3%	1,9 M €	-16.5%	2,3 M €	+1.9%	2,2 M €	-14.7%	2,6 M €	-0.7%	2,6 M €	+5.4%	2,5 M €	+8.2%	2,3 M €	+19.2%	1,9 M €	+21.7%	1,6 M €	-19.0%	2 M €	+10.3%	1,8 M €
Other
Workforce	23,6 ETP	+4.0%	22,7 ETP	-0.4%	22,8 ETP	-12.6%	26,1 ETP	-13.6%	30,2 ETP	-2.9%	31,1 ETP	+8.7%	28,6 ETP	-0.7%	28,8 ETP	+6.7%	27,0 ETP	-5.9%	28,7 ETP	0.0%	28,7 ETP	-1.0%	29,0 ETP	+6.2%	27,3 ETP	-13.3%	31,5 ETP	-0.6%	31,7 ETP	+1.0%	31,4 ETP	+9.0%	28,8 ETP	+5.9%	27,2 ETP	+2.6%	26,5 ETP	-5.7%	28,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 20 ended

Active mandates

Alexandre STOYNOV

Director · since 14 juin 2021 · until 11 mai 2027

Active

Benjamin PIRARD

Managing director · since 14 juin 2021 · until 11 mai 2027

Active

hold-IT

Managing director · since 14 juin 2021 · until 11 mai 2027 · 0712.713.042

Represented by Bruno PELZER

Active

MELEC

Managing director · since 14 juin 2021 · until 11 mai 2027 · 0866.939.577

Represented by Alexandre STOYNOV

Active

Ended mandates

MELEC

Managing director · since 24 juin 2021 · until 01 juin 2022 · 0866.939.577

Represented by Bruno DESDEMOUSTIER

Ended

Akexandre STOYNOV

Director · since 14 juin 2021 · until 11 mai 2027

Ended

hold-IT

Director · since 14 juin 2021 · until 11 mai 2027 · 0712.713.042

Represented by Bruno PELZER

Ended

hold-IT

Managing director · since 14 juin 2021 · until 11 mai 2027 · 0712.713.042

Ended

At this address

Other companies at this address

Company	CBE no.
SPP IMMO● Active	1038.999.365

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	23/07/2026	29/08/2025	31/10/2024	24/08/2023	27/08/2022	18/08/2021
General meeting	12/05/2026	13/05/2025	10/05/2024	09/05/2023	10/05/2022	11/05/2021
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	12/05/2026	23/07/2026	French	PDF
Abridged model	31/12/2024	13/05/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	10/05/2024	31/10/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	24/08/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	27/08/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	18/08/2021	French	PDF
Abridged model	31/12/2019	01/09/2020	21/10/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	26/08/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	29/08/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	02/07/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	14/06/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	03/05/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	04/05/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	05/05/2009	26/05/2009	French	PDF
Abridged model	31/12/2007	06/05/2008	05/06/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	18/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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 · 4 active · 20 ended

Active mandates

Alexandre STOYNOV

Director · since 14 juin 2021 · until 11 mai 2027

Active

Benjamin PIRARD

Managing director · since 14 juin 2021 · until 11 mai 2027

Active

hold-IT

Managing director · since 14 juin 2021 · until 11 mai 2027 · 0712.713.042

Represented by Bruno PELZER

Active

MELEC

Managing director · since 14 juin 2021 · until 11 mai 2027 · 0866.939.577

Represented by Alexandre STOYNOV

Active

Ended mandates

MELEC

Managing director · since 24 juin 2021 · until 01 juin 2022 · 0866.939.577

Represented by Bruno DESDEMOUSTIER

Ended

Akexandre STOYNOV

Director · since 14 juin 2021 · until 11 mai 2027

Ended

hold-IT

Director · since 14 juin 2021 · until 11 mai 2027 · 0712.713.042

Represented by Bruno PELZER

Ended

hold-IT

Managing director · since 14 juin 2021 · until 11 mai 2027 · 0712.713.042

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring29/06/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring11/03/2026
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/11/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates05/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates12/03/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/12/2017
CAPITAL, ACTIONS
PDF
Restructuring23/08/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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 2025865,5 k €↑
2024
Annual accounts 2024625,7 k €↓
2023
Annual accounts 2023709,6 k €↑
2022
Annual accounts 2022687,1 k €↑
2021
Annual accounts 2021326,7 k €↓
2020
Annual accounts 2020416,1 k €↑
2019
Annual accounts 2019333,7 k €↑
2018
Annual accounts 2018165 k €↑
2017
Annual accounts 2017819,3 €↓
2016
Annual accounts 201626,4 k €↓
2015
Annual accounts 201531,1 k €↓
2014
Annual accounts 201481,5 k €↑
2013
Annual accounts 201367,7 k €↑
2012
Annual accounts 201261,4 k €↑
2011
Annual accounts 201141,5 k €↑
2010
Annual accounts 201028 k €↓
2009
Annual accounts 200953,2 k €↓
2008
Annual accounts 200882,2 k €↑
2007
Annual accounts 200757,9 k €↑
2006
Annual accounts 2006-37,6 k €
16/02/1987
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

CELEM

Overview

What does CELEM 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