Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
CELO PROJECTS from Londerzeel, company number BE0695972822, closed financial year 2026 with a result of € 119,446 after tax. For that financial year CELO PROJECTS recorded a gross margin of € 197,427 and equity of € 74,664. Compared with financial year 2025, the result moved from € -38,551 to € 119,446. Profitable, and profit is growing. The buffer shrank hard: equity is 56 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 74,664
▼ 56% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 119,446
▲ still € 38,551 loss in 2025
Profit after tax over the fiscal year.
€ 14,863
▼ 92% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 214,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
€ 33,610
▼ 25% vs 2025
Of which on lease € 29,935.
Debts at end 2026
€ 30,707
▼ 33% vs 2025
€ 14,356 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 8,213
▲ 5% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 2,422
▼ 97% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 174,245 | € -51,340 | € -6,988 | € 197,427 | ▲ € 204,414 |
| Profit after taxes | € 134,144 | € -83,835 | € -38,551 | € 119,446 | ▲ € 157,996 |
| Equity | € 291,604 | € 207,769 | € 169,218 | € 74,664 | ▼ 56% |
| Total debts | € 214,758 | € 916,716 | € 1,563,636 | € 219,772 | ▼ 86% |
| Cash | € 15,665 | € 203,450 | € 181,847 | € 14,863 | ▼ 92% |
| Land & buildings | - | - | - | € 234,145 | |
| Retained profit | € 241,604 | € 157,769 | € 119,218 | € 24,664 | ▼ 79% |
| Dividend | € 0 | € 0 | € 0 | € 214,000 | |
| Bank debt | € 74,880 | € 318,909 | € 45,709 | € 30,707 | ▼ 33% |
| Balance sheet total | € 506,362 | € 1,124,485 | € 1,732,854 | € 294,436 | ▼ 83% |
Key figures of CELO PROJECTS, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to CELO PROJECTS?
What happened at CELO PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 119,446. Source: NBB ↗
- Bob Vergauwen became a director. NBB
- Els Janssens became a director. NBB
- New establishment in Londerzeel. KBO
- Start of the company according to the CBE. KBO
In short
From € 134,144 profit in 2023 to € 119,446 profit in 2026.
Paid € 38,915 in corporate taxes since 2023.
Best year ever: 2023, with € 134,144 profit.
Paid out € 214,000 in dividends to the owners in total.
Management
Behind CELO PROJECTS are Bob Vergauwen and Els Janssens. The same people are also behind ELBO.
Establishments
Establishment units
Physical locations of this company
Kruisheide 7
1840 Londerzeel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0695.972.822
- VAT number
- BE 0695.972.822
- Registered office
- Kruisheide 7, 1840 Londerzeel
- Names & denominations
- CELO PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 2018
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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