C.E.P.
InactiveFinancials · financial year 2023, full format
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
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.2m
2021
Operating result€0.09m
2023
Net result€0.1m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.8m
2023
Equity€0.5m
2023
Debt€1.3m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin3.9%
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)7.3
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€2.0m-€2.2m▲ 9.0%€1.9m▼ 12.5%€2.2m▲ 14.8%
Operating result€0.06m-€0.03m▼ 51.8%€0.008m▼ 71.4%€0.08m▲ 914%-€0.1m€0.09m
Net result€0.05m-€0.04m▼ 21.0%€0.009m▼ 78.0%€0.07m▲ 684%-€0.1m€0.1m
EBIT margin3.0%-1.3%▼ 1.7pp0.4%▼ 0.9pp3.9%▲ 3.4pp
Equity€0.4m-€0.4m▲ 4.8%€0.4m▲ 2.0%€0.5m▲ 15.4%€0.4m▼ 25.4%€0.5m▲ 25.0%
Total assets€0.8m-€0.8m▲ 6.9%€0.7m▼ 11.7%€1.0m▲ 37.0%€1.3m▲ 35.3%€1.8m▲ 36.3%
Debt€0.3m-€0.4m▲ 9.4%€0.3m▼ 27.7%€0.5m▲ 72.7%€0.9m▲ 102%€1.3m▲ 40.9%
Working capital€0.3m-€0.4m▲ 7.8%€0.4m▲ 4.1%€0.5m▲ 24.0%€0.3m▼ 32.2%€0.4m▲ 35.1%
Staff (FTE)7.3-7.3=7.7▲ 5.5%8.3▲ 7.8%7.9▼ 4.8%7.3▼ 7.6%
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.2m | - | - | - |
| Turnover70 | €2.0m | €2.2m | €1.9m | €2.2m | - | - | - |
| Other operating income74 | - | - | - | €0.007m | - | - | - |
| Operating charges60/66A | - | - | - | €2.1m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.1m | - | - | - |
| Purchases600/8 | - | - | - | €1.1m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €0.007m | - | - | - |
| Services and other goods61 | - | - | - | €0.6m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.7m | €0.4m | ▼ 35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.002m | - | €0.006m | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.002m | €0.004m | ▲ 111% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.002m | - |
| Gross operating margin9900 | - | - | - | - | €0.6m | €0.5m | ▼ 1.0% |
| Operating profit (loss)9901 | €0.06m | €0.03m | €0.008m | €0.08m | -€0.1m | €0.09m | - |
| Financial income75/76B | - | - | - | €0.02m | €0.01m | €0.02m | ▲ 32.4% |
| Recurring financial income75 | €0.02m | €0.02m | €0.01m | €0.02m | €0.01m | €0.02m | ▲ 32.4% |
| Other financial income752/9 | - | - | - | €0.02m | - | - | - |
| Financial charges65/66B | - | - | - | €0.003m | €0.003m | €0.004m | ▲ 55.9% |
| Recurring financial charges65 | €0.003m | €0.004m | €0.003m | €0.003m | €0.003m | €0.004m | ▲ 55.9% |
| Other financial charges652/9 | - | - | - | €0.003m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.04m | €0.02m | €0.1m | -€0.1m | €0.1m | - |
| Income taxes67/77 | €0.03m | €0.004m | €0.007m | €0.03m | - | €308 | - |
| Taxes670/3 | - | - | - | €0.03m | - | - | - |
| Profit (loss) for the period9904 | €0.05m | €0.04m | €0.009m | €0.07m | -€0.1m | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.04m | €0.009m | €0.07m | -€0.1m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.8m | €0.8m | €0.7m | €1.0m | €1.3m | €1.8m | ▲ 36.3% |
| Fixed assets21/28 | €0.08m | €0.08m | €0.07m | €0.05m | €0.07m | €0.06m | ▼ 18.9% |
| Tangible fixed assets22/27 | €0.08m | €0.08m | €0.07m | €0.05m | €0.07m | €0.06m | ▼ 18.9% |
| Land and buildings22 | - | - | - | €0.03m | €0.02m | €0.02m | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.04m | €0.04m | ▼ 12.6% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.007m | €0.004m | ▼ 45.1% |
| Current assets29/58 | €0.7m | €0.7m | €0.6m | €0.9m | €1.3m | €1.8m | ▲ 39.4% |
| Stocks and contracts in progress3 | €0.09m | €0.08m | €0.09m | €0.08m | €0.1m | €0.1m | ▼ 19.3% |
| Stocks30/36 | - | - | - | €0.08m | €0.1m | €0.1m | ▼ 19.3% |
| Goods purchased for resale34 | - | - | - | €0.08m | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €0.5m | €0.6m | €0.8m | €1.5m | ▲ 83.4% |
| Trade receivables40 | - | - | - | €0.6m | €0.7m | €1.2m | ▲ 74.2% |
| Other amounts receivable41 | - | - | - | - | €0.1m | €0.3m | ▲ 134% |
| Cash at bank and in hand54/58 | €0.1m | €0.09m | €0.03m | €0.3m | €0.2m | €0.08m | ▼ 68.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.04m | €0.04m | ▲ 9.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.7m | €1.0m | €1.3m | €1.8m | ▲ 36.3% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 25.0% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Issued capital100 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 26.4% |
| Amounts payable17/49 | €0.3m | €0.4m | €0.3m | €0.5m | €0.9m | €1.3m | ▲ 40.9% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.3m | €0.5m | €0.9m | €1.3m | ▲ 40.9% |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.3m | €0.6m | €1.0m | ▲ 66.6% |
| Suppliers440/4 | - | - | - | €0.3m | €0.6m | €1.0m | ▲ 66.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.3m | €0.3m | ▼ 10.0% |
| Taxes450/3 | - | - | - | €0.06m | €0.07m | €0.06m | ▼ 14.0% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.3m | €0.2m | ▼ 9.0% |
| Other amounts payable47/48 | - | - | - | - | - | €0.01m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | €0.001m | ▲ 122% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,587 | €39,986 | €8,782 | €68,865 | -€131,339 | €96,648 | - |
| + Depreciation and write-downs630 | €25,885 | €31,344 | €32,538 | €31,227 | €26,288 | €19,864 | ▼ 24.4% |
| Operating cash flow (approximation) | €76,471 | €71,330 | €41,319 | €100,092 | -€105,051 | €116,512 | - |
| Investment in fixed assets (approximation) | - | -€25,085 | -€26,617 | -€9,881 | -€45,985 | -€6,489 | ▲ 85.9% |
| Change in cash | - | -€28,937 | -€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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 10-07-2024 | 2024-00230602 |
| 31-12-2022 | full format | 28-07-2023 | 2023-00286763 |
| 31-12-2021 | full format | 29-08-2022 | 2022-20366774 |
| 31-12-2020 | full format | 31-08-2021 | 2021-64700332 |
| 31-12-2019 | full format | 28-10-2020 | 2020-64600289 |
| 31-12-2018 | full format | 30-08-2019 | 2019-60300186 |
| 31-12-2017 | full format | 24-12-2018 | 2018-75800180 |
| 31-12-2016 | full format | 31-08-2017 | 2017-59100066 |
| 31-12-2015 | full format | 14-07-2016 | 2016-32600343 |
| 31-12-2014 | full format | 28-08-2015 | 2015-55000461 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.