CEL
0534.616.785 · rovalta.com · 21/09/2026
NORMAL SITUATION
CEL
Financial year 2025 · closed on 22/10/2025
Net result
-5,6 k €
+27.4% YoY
Gross margin
-5,6 k €
-17.6% YoY
Equity
-6,7 k €
-522.1% YoY
Company — Normal situation.
Overview
What does CEL do?
CEL is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0534.616.785
Legal form
Private company with limited liability
Contributed capital
73 000,00 €
Latest accounts
22/10/2025
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Financials
Trend over 12 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||
| Gross margin | -5,6 k € | -17.6% | -4,8 k € | -105% | 104,4 k € | +3404% | -3,2 k € | -66.7% | -1,9 k € | +48.0% | -3,6 k € | +1.9% | -3,7 k € | +49.5% | -7,4 k € | +72.7% | -27 k € | -25.7% | -21,5 k € | -409% | -4,2 k € | +81.8% | -23,1 k € |
| EBITDA | -5,6 k € | +14.0% | -6,5 k € | -106% | 104,4 k € | +3404% | -3,2 k € | -66.7% | -1,9 k € | +53.9% | -4,1 k € | +77.9% | -18,6 k € | -138% | -7,8 k € | +71.3% | -27,3 k € | -25.1% | -21,8 k € | -368% | -4,7 k € | +80.5% | -24 k € |
| Operating result | -5,6 k € | +14.0% | -6,5 k € | -106% | 104,4 k € | +1376% | -8,2 k € | -9.3% | -7,5 k € | +31.6% | -10,9 k € | +57.2% | -25,6 k € | -70.9% | -15 k € | +57.0% | -34,8 k € | -26.7% | -27,5 k € | -203% | -9,1 k € | +70.8% | -31,1 k € |
| Net result | -5,6 k € | +27.4% | -7,8 k € | -107% | 104,4 k € | +1375% | -8,2 k € | -7.0% | -7,7 k € | +30.9% | -11,1 k € | +57.7% | -26,2 k € | -73.3% | -15,1 k € | +56.6% | -34,8 k € | -26.6% | -27,5 k € | -202% | -9,1 k € | +70.7% | -31,1 k € |
| Balance sheet | |||||||||||||||||||||||
| Equity | -6,7 k € | -522% | -1,1 k € | -116% | 6,7 k € | +107% | -97,8 k € | -9.1% | -89,6 k € | -9.3% | -81,9 k € | -15.7% | -70,8 k € | -58.7% | -44,6 k € | -51.2% | -29,5 k € | -659% | 5,3 k € | -83.9% | 32,8 k € | -21.7% | 41,9 k € |
| Total assets | – | 150 k € | -0.8% | 151,2 k € | +235% | 45,1 k € | -10.0% | 50,1 k € | -10.2% | 55,8 k € | -12.7% | 63,9 k € | -22.4% | 82,4 k € | -4.8% | 86,6 k € | +14.6% | 75,5 k € | +10.0% | 68,6 k € | -4.6% | 72 k € | |
| Cash | – | – | – | – | – | 87,2 € | -75.9% | 361,3 € | -67.2% | 1,1 k € | – | – | 4 € | -99.6% | 934 € | ||||||||
| Debts | 6,7 k € | -95.6% | 151,1 k € | +4.5% | 144,6 k € | +1.2% | 142,9 k € | +2.3% | 139,7 k € | +1.4% | 137,7 k € | +2.5% | 134,3 k € | +6.0% | 126,7 k € | +9.2% | 116,1 k € | +65.3% | 70,2 k € | +95.9% | 35,9 k € | +19.3% | 30,1 k € |
Governance
Board of directors
Seen on filing of 22/10/2025 · 2 active · 1 ended
Active mandates
Cees van der Veer
ActiveKinnie De Beule
ActiveEnded mandates
Loïc Van Grembergen
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/12/2024 | 01/12/2023 | 01/12/2022 | 01/12/2021 | 01/12/2020 | 01/12/2019 |
| Closing of the financial year | 22/10/2025 | 30/11/2024 | 30/11/2023 | 30/11/2022 | 30/11/2021 | 30/11/2020 |
| Length of the financial year | 11 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 27/02/2026 | 27/03/2025 | 21/12/2023 | 25/04/2023 | 20/04/2022 | 17/08/2021 |
| General meeting | 22/10/2025 | 10/03/2025 | 14/12/2023 | 25/04/2023 | 20/04/2022 | 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
12 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 22/10/2025 | 22/10/2025 | 27/02/2026 | Dutch | |
| Micro model | 30/11/2024 | 10/03/2025 | 27/03/2025 | Dutch | |
| Micro model | 30/11/2023 | 14/12/2023 | 21/12/2023 | Dutch | |
| Micro model | 30/11/2022 | 25/04/2023 | 25/04/2023 | Dutch | |
| Micro model | 30/11/2021 | 20/04/2022 | 20/04/2022 | Dutch | |
| Micro model | 30/11/2020 | 07/05/2021 | 17/08/2021 | Dutch | |
| Micro model | 30/11/2019 | 01/05/2020 | 26/05/2020 | Dutch | |
| Micro model | 30/11/2018 | 03/05/2019 | 26/06/2019 | Dutch | |
| Micro model | 30/11/2017 | 04/05/2018 | 09/05/2018 | Dutch | |
| Abridged model | 30/11/2016 | 05/05/2017 | 25/05/2017 | Dutch | |
| Abridged model | 30/11/2015 | 06/05/2016 | 12/05/2016 | Dutch | |
| Abridged model | 30/11/2014 | 01/05/2015 | 21/05/2015 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 22/10/2025 · 2 active · 1 ended
Active mandates
Cees van der Veer
ActiveKinnie De Beule
ActiveEnded mandates
Loïc Van Grembergen
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-5,6 k €↑
- 2024Annual accounts 2024-7,8 k €↓
- 2023Annual accounts 2023104,4 k €↑
- 2022Annual accounts 2022-8,2 k €↓
- 2021Annual accounts 2021-7,7 k €↑
- 2020Annual accounts 2020-11,1 k €↑
- 2019Annual accounts 2019-26,2 k €↓
- 2018Annual accounts 2018-15,1 k €↑
- 2017Annual accounts 2017-34,8 k €↓
- 2016Annual accounts 2016-27,5 k €↓
- 2015Annual accounts 2015-9,1 k €↑
- 2014Annual accounts 2014-31,1 k €