ACTIVE

CELARSA

Financial year 2025 · closed on 31/12/2025
Net result
-89,3 k €
+19.7% YoY
Gross margin
4,5 k €
+125.0% YoY
Equity
-773,7 k €
-13.0% YoY

What does CELARSA do?

CELARSA is a Public limited company incorporated in 1988. Its registered office is in Schilde.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0433.727.877
Incorporation
18/03/1988
Legal form
Public limited company
Registered office
Mastendreef 12
2970 Schilde · FlandreSee on map
Contributed capital
301 879,25 €
Latest accounts
31/12/2025
Signals
Good liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212019201820172016201520142013201220112010200920082006
Income statement
Gross margin4,5 k €-18 k €5,3 k €2,4 k €7,5 k €5,7 k €-4,3 k €-5,4 k €32,2 k €14 k €30,1 k €23,8 k €87,9 k €47 k €-12,2 k €-33,7 k €-29 k €-35,6 k €
EBITDA-3,1 k €-25,7 k €-3,3 k €-4,2 k €1,1 k €-1,2 k €-9,7 k €-10,7 k €27 k €8,8 k €20,9 k €11,3 k €87 k €46,1 k €-14,4 k €-56,3 k €-32,9 k €-44,3 k €
Operating result-96,7 k €-118,5 k €-93,2 k €-93,9 k €-89,8 k €-99,8 k €-131,4 k €-147 k €-109,3 k €-127,5 k €-115,5 k €-125,2 k €-49,5 k €-90,1 k €-149,7 k €-178,4 k €-127,1 k €-82,2 k €
Net result-89,3 k €-111,1 k €-85,8 k €-90,9 k €-86,8 k €-107,7 k €-138,8 k €-153,4 k €-115,2 k €-133,3 k €-120,5 k €209,9 k €-61,5 k €-91,4 k €-68,7 k €-110,6 k €-161,1 k €180,3 k €
Balance sheet
Equity-773,7 k €-684,4 k €-573,2 k €-487,5 k €-396,5 k €-209 k €-101,3 k €37,5 k €190,9 k €306,1 k €439,4 k €559,9 k €350 k €411,5 k €502,9 k €571,6 k €682,2 k €960,8 k €
Total assets3,6 M €3,7 M €3,7 M €3,8 M €3,9 M €4,2 M €4,2 M €4,3 M €4,5 M €4,6 M €4,8 M €4,9 M €5 M €5,2 M €5,8 M €5,3 M €4,9 M €3,6 M €
Cash41,8 k €41,6 k €40,4 k €37,9 k €23,2 k €77,4 k €5,2 k €116,7 €6,8 k €27,1 k €10,9 k €37,3 k €2,4 k €494,8 k €101,4 k €670,9 €145,1 k €
Debts4,3 M €4,2 M €4,2 M €4,2 M €4,2 M €4,2 M €4,1 M €4,1 M €4,1 M €4,1 M €4,1 M €4,1 M €4,4 M €4,5 M €5 M €4,4 M €3,9 M €2,3 M €
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Véronique Van Hool

Director · since 01 juin 2022 · until 01 juin 2028

Active
Yves Vanden Avenne

Director · since 01 juin 2022 · until 01 juin 2028

Active

Ended mandates

Veronique VAN HOOL

Managing director · since 02 juin 2016 · until 01 juin 2022

Ended
Yves VANDEN AVENNE

Managing director · since 02 juin 2016 · until 01 juin 2022

Ended
Veronique VAN HOOL

Managing director · since 01 juin 2016 · until 01 juin 2022

Ended
Véronique Van Hool

Managing director · since 01 juin 2016 · until 02 août 2022

Ended
At this address

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ForteActive
0720.531.935
GEOVDAActive
0682.967.102
VEVYActive
0437.518.597
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202620/08/202531/07/202423/08/202322/08/202220/10/2021
General meeting03/06/202604/06/202506/05/202408/08/202302/08/202205/10/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202503/06/202630/07/2026DutchPDF
Micro model31/12/202404/06/202520/08/2025DutchPDF
Micro model31/12/202306/05/202431/07/2024DutchPDF
Micro model31/12/202208/08/202323/08/2023DutchPDF
Micro model31/12/202102/08/202222/08/2022DutchPDF
Micro model31/12/202005/10/202120/10/2021DutchPDF
Micro model31/12/201903/06/202020/08/2020DutchPDF
Micro model31/12/201805/06/201926/07/2019DutchPDF
Micro model31/12/201706/06/201817/07/2018DutchPDF
Micro model31/12/201607/06/201724/07/2017DutchPDF
Abridged model31/12/201501/06/201620/07/2016DutchPDF
Abridged model31/12/201403/06/201511/08/2015DutchPDF
Abridged model31/12/201304/06/201423/09/2014DutchPDF
Abridged model31/12/201204/06/201329/08/2013DutchPDF
Abridged model31/12/201106/06/201226/09/2012DutchPDF
Abridged model31/12/201001/06/201130/08/2011DutchPDF
Abridged model31/12/200902/06/201018/03/2011DutchPDF
Abridged model31/12/200803/06/200926/08/2009DutchPDF
Abridged model31/12/200606/06/200701/10/2007DutchPDF
Estimate

Indicative valuation

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 · 2 active · 10 ended

Active mandates

Véronique Van Hool

Director · since 01 juin 2022 · until 01 juin 2028

Active
Yves Vanden Avenne

Director · since 01 juin 2022 · until 01 juin 2028

Active

Ended mandates

Veronique VAN HOOL

Managing director · since 02 juin 2016 · until 01 juin 2022

Ended
Yves VANDEN AVENNE

Managing director · since 02 juin 2016 · until 01 juin 2022

Ended
Veronique VAN HOOL

Managing director · since 01 juin 2016 · until 01 juin 2022

Ended
Véronique Van Hool

Managing director · since 01 juin 2016 · until 02 août 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares24/02/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates24/08/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/11/2005
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2005
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/07/2004
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/04/2003
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025-89,3 k €
  2. 2024
    Annual accounts 2024-111,1 k €
  3. 2023
    Annual accounts 2023-85,8 k €
  4. 2022
    Annual accounts 2022-90,9 k €
  5. 2021
    Annual accounts 2021-86,8 k €
  6. 2019
    Annual accounts 2019-107,7 k €
  7. 2018
    Annual accounts 2018-138,8 k €
  8. 2017
    Annual accounts 2017-153,4 k €
  9. 2016
    Annual accounts 2016-115,2 k €
  10. 2015
    Annual accounts 2015-133,3 k €
  11. 2014
    Annual accounts 2014-120,5 k €
  12. 2013
    Annual accounts 2013209,9 k €
  13. 2012
    Annual accounts 2012-61,5 k €
  14. 2011
    Annual accounts 2011-91,4 k €
  15. 2010
    Annual accounts 2010-68,7 k €
  16. 2009
    Annual accounts 2009-110,6 k €
  17. 2008
    Annual accounts 2008-161,1 k €
  18. 2006
    Annual accounts 2006180,3 k €
  19. 18/03/1988
    IncorporationPublic limited company