C.E.P.
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 10-07-2024, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
21 d early
2022
3 d early
2021
29 d late
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€2.2m▲ 14.8%
2020 · €1.9m
EBIT margin
3.9%▲ 3.4pp
2020 · 0.4%
Net result
€96,648
2022 · -€131,339
Working capital
€427,048▲ 35.1%
2022 · €316,199
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€2.2m▲ 9.0%€1.9m▼ 12.5%€2.2m▲ 14.8%
Operating result€29,037▼ 51.8%€8,316▼ 71.4%€84,354▲ 914%-€140,310€85,718
Net result€39,986▼ 21.0%€8,782▼ 78.0%€68,865▲ 684%-€131,339€96,648
EBIT margin1.3%▼ 1.7pp0.4%▼ 0.9pp3.9%▲ 3.4pp
Equity€439,812▲ 4.8%€448,594▲ 2.0%€517,459▲ 15.4%€386,120▼ 25.4%€482,769▲ 25.0%
Total assets€814,552▲ 6.9%€719,654▼ 11.7%€985,695▲ 37.0%€1.3m▲ 35.3%€1.8m▲ 36.3%
Debt€374,739▲ 9.4%€271,060▼ 27.7%€468,236▲ 72.7%€947,141▲ 102%€1.3m▲ 40.9%
Working capital€361,647▲ 7.8%€376,349▲ 4.1%€466,561▲ 24.0%€316,199▼ 32.2%€427,048▲ 35.1%
Staff (FTE)7.3=7.7▲ 5.5%8.3▲ 7.8%7.9▼ 4.8%7.3▼ 7.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €85,718 after a loss of €140,310 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.8m
Fixed assets
€57,221 ▼ 18.9%
Current assets
€1.8m ▲ 39.4%
Equity and liabilities €1.8m
Equity
€482,769 ▲ 25.0%
Debt
€1.3m ▲ 40.9%
Debt's share of the balance-sheet total rises from 71.0% to 73.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105,582▲
2022 · -€114,022
Cash flow
€116,512▲
2022 · -€105,051
Current ratio
1.32▼
2022 · 1.33
Quick ratio
1.23▲
2022 · 1.18
Debt to equity
2.76▲
2022 · 2.45
ROE
20.0%▲
2022 · -34.0%
ROA
5.3%▲
2022 · -9.9%
Interest coverage
25.06▲
2022 · -42.19
Debt ≤ 1 year
€1.3m▲
2022 · €946,467
Income taxes
€308
Staff costs
€430,149▼
2022 · €665,724
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €2.2m | - | - | - |
| Turnover70 | €2.2m | €1.9m | €2.2m | - | - | - |
| Other operating income74 | - | - | €7,212 | - | - | - |
| Operating charges60/66A | - | - | €2.1m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €1.1m | - | - | - |
| Purchases600/8 | - | - | €1.1m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | €6,525 | - | - | - |
| Services and other goods61 | - | - | €569,245 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €404,183 | €665,724 | €430,149 | ▼ 35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,344 | €32,538 | €31,227 | €26,288 | €19,864 | ▼ 24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€1,809 | - | €6,185 | - |
| Other operating charges640/8 | - | - | €4,737 | €1,847 | €3,894 | ▲ 111% |
| Non-recurring operating charges66A | - | - | - | - | €2,090 | - |
| Gross operating margin9900 | - | - | - | €553,549 | €547,899 | ▼ 1.0% |
| Operating profit (loss)9901 | €29,037 | €8,316 | €84,354 | -€140,310 | €85,718 | ▲ 161% |
| Financial income75/76B | - | - | €15,084 | €11,674 | €15,453 | ▲ 32.4% |
| Recurring financial income75 | €19,019 | €10,600 | €15,084 | €11,674 | €15,453 | ▲ 32.4% |
| Other financial income752/9 | - | - | €15,084 | - | - | - |
| Financial charges65/66B | - | - | €2,729 | €2,703 | €4,214 | ▲ 55.9% |
| Recurring financial charges65 | €3,633 | €3,060 | €2,729 | €2,703 | €4,214 | ▲ 55.9% |
| Other financial charges652/9 | - | - | €2,729 | - | - | - |
| Profit (loss) for the period before taxes9903 | €44,423 | €15,857 | €96,710 | -€131,339 | €96,957 | ▲ 174% |
| Income taxes67/77 | €4,437 | €7,075 | €27,845 | - | €308 | - |
| Taxes670/3 | - | - | €27,845 | - | - | - |
| Profit (loss) for the period9904 | €39,986 | €8,782 | €68,865 | -€131,339 | €96,648 | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | €39,986 | €8,782 | €68,865 | -€131,339 | €96,648 | ▲ 174% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €814,552 | €719,654 | €985,695 | €1.3m | €1.8m | ▲ 36.3% |
| Fixed assets21/28 | €78,165 | €72,245 | €50,898 | €70,596 | €57,221 | ▼ 18.9% |
| Tangible fixed assets22/27 | €78,165 | €72,245 | €50,898 | €70,596 | €57,221 | ▼ 18.9% |
| Land and buildings22 | - | - | €26,865 | €21,376 | €16,384 | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | €17,040 | €42,582 | €37,195 | ▼ 12.6% |
| Furniture and vehicles24 | - | - | €6,993 | €6,638 | €3,642 | ▼ 45.1% |
| Current assets29/58 | €736,386 | €647,409 | €934,797 | €1.3m | €1.8m | ▲ 39.4% |
| Stocks and contracts in progress3 | €76,213 | €88,602 | €82,077 | €141,532 | €114,151 | ▼ 19.3% |
| Stocks30/36 | - | - | €82,077 | €141,532 | €114,151 | ▼ 19.3% |
| Goods purchased for resale34 | - | - | €82,077 | - | - | - |
| Amounts receivable within one year40/41 | €575,156 | €525,705 | €561,717 | €830,742 | €1.5m | ▲ 83.4% |
| Trade receivables40 | - | - | €561,717 | €703,742 | €1.2m | ▲ 74.2% |
| Other amounts receivable41 | - | - | - | €127,000 | €297,716 | ▲ 134% |
| Cash at bank and in hand54/58 | €85,017 | €33,102 | €255,576 | €249,389 | €77,533 | ▼ 68.9% |
| Deferred charges and accrued income490/1 | - | - | €35,427 | €41,003 | €44,720 | ▲ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €814,552 | €719,654 | €985,695 | €1.3m | €1.8m | ▲ 36.3% |
| Equity10/15 | €439,812 | €448,594 | €517,459 | €386,120 | €482,769 | ▲ 25.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €419,352 | €428,134 | €496,999 | €365,660 | €462,309 | ▲ 26.4% |
| Amounts payable17/49 | €374,739 | €271,060 | €468,236 | €947,141 | €1.3m | ▲ 40.9% |
| Amounts payable within one year42/48 | €374,739 | €271,060 | €468,236 | €946,467 | €1.3m | ▲ 40.9% |
| Trade debts44 | €231,757 | €168,673 | €335,993 | €609,707 | €1.0m | ▲ 66.6% |
| Suppliers440/4 | - | - | €335,993 | €609,707 | €1.0m | ▲ 66.6% |
| Taxes, remuneration and social security45 | - | - | €132,243 | €336,760 | €302,972 | ▼ 10.0% |
| Taxes450/3 | - | - | €64,103 | €68,615 | €59,012 | ▼ 14.0% |
| Remuneration and social security454/9 | - | - | €68,141 | €268,145 | €243,960 | ▼ 9.0% |
| Other amounts payable47/48 | - | - | - | - | €14,255 | - |
| Accrued charges and deferred income492/3 | - | - | - | €674 | €1,500 | ▲ 122% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,986 | €8,782 | €68,865 | -€131,339 | €96,648 | ▲ 174% |
| + Depreciation and write-downs630 | €31,344 | €32,538 | €31,227 | €26,288 | €19,864 | ▼ 24.4% |
| Operating cash flow (approximation) | €71,330 | €41,319 | €100,092 | -€105,051 | €116,512 | ▲ 211% |
| Investment in fixed assets (approximation) | - | -€26,617 | -€9,881 | -€45,985 | -€6,489 | ▲ 85.9% |
| Change in cash | - | -€51,915 | €222,474 | -€6,187 | -€171,856 | ▼ 2,678% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €96,648
Net result €96,648 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€131,339
Net result drops to -€131,339, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Equity above €500,000Eq €517,459 ▲15.4%
4 profitable years in a row build equity to €517,459.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 146 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
2 ownersChain of control
- FABISA
- C.E.P.
Highest known parent: FABISA. The sources do not say who stands above it.
Owners 2
- FABISAparentSourceaccounts FABISA 2022100%
- QTEAM SERVICESparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.