CEF CONCEPT
InactiveCEF CONCEPT was declared bankrupt on 25-10-2021 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed by liquidation by judgment of 24-04-2023, published in the Belgian State Gazette on 24-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-03-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-03-2021 close31-10-2021 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2020 was due by 31-10-2020 and was filed on 15-09-2021, 319 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
319 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 144 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)
History
Financials · fiscal year 2020, micro schema
Equity
-€4,815▲ 88.2%
2019 · -€40,661
Total assets
€42,066▲ 11.9%
2019 · €37,587
Net result
€35,846
2019 · -€22,156
Working capital
-€12,402▲ 72.8%
2019 · -€45,658
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
Line20192020
Operating result-€22,538-€41,447
Net result-€22,156-€35,846
Equity-€40,661--€4,815▲ 88.2%
Total assets€37,587-€42,066▲ 11.9%
Debt€78,248-€46,881▼ 40.1%
Working capital-€45,658--€12,402▲ 72.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €41,447 after a loss of €22,538 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €42,066
Fixed assets
€7,587 ▲ 51.8%
Current assets
€34,479 ▲ 5.8%
Key figures and ratios
EBITDA
€44,466▲
2019 · -€18,921
Cash flow
€38,864▲
2019 · -€18,538
Solvency
-11.4%▲
2019 · -108.2%
Current ratio
0.74▲
2019 · 0.42
ROA
85.2%▲
2019 · -58.9%
Debt ≤ 1 year
€46,881▼
2019 · €78,248
Income taxes
€2,115▲
2019 · €285
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,617 | €3,019 | ▼ 16.5% |
| Gross operating margin9900 | -€17,155 | €45,728 | ▲ 367% |
| Operating profit (loss)9901 | -€22,538 | €41,447 | ▲ 284% |
| Recurring financial income75 | €0 | €84 | ▲ 421,400% |
| Recurring financial charges65 | €2,911 | €3,251 | ▲ 11.7% |
| Profit (loss) for the period before taxes9903 | -€21,870 | €37,960 | ▲ 274% |
| Income taxes67/77 | €285 | €2,115 | ▲ 641% |
| Profit (loss) for the period9904 | -€22,156 | €35,846 | ▲ 262% |
| Profit (loss) for the period to be appropriated9905 | -€22,156 | €35,846 | ▲ 262% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €37,587 | €42,066 | ▲ 11.9% |
| Fixed assets21/28 | €4,997 | €7,587 | ▲ 51.8% |
| Tangible fixed assets22/27 | €3,262 | €5,852 | ▲ 79.4% |
| Financial fixed assets28 | €1,735 | €1,735 | = |
| Current assets29/58 | €32,590 | €34,479 | ▲ 5.8% |
| Amounts receivable within one year40/41 | €32,590 | €16,517 | ▼ 49.3% |
| Cash at bank and in hand54/58 | - | €17,553 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €37,587 | €42,066 | ▲ 11.9% |
| Equity10/15 | -€40,661 | -€4,815 | ▲ 88.2% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €8,360 | €8,360 | = |
| Profit (loss) carried forward14 | -€67,621 | -€31,775 | ▲ 53.0% |
| Amounts payable17/49 | €78,248 | €46,881 | ▼ 40.1% |
| Amounts payable within one year42/48 | €78,248 | €46,881 | ▼ 40.1% |
| Trade debts44 | €40,467 | €22,044 | ▼ 45.5% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€22,156 | €35,846 | ▲ 262% |
| + Depreciation and write-downs630 | €3,617 | €3,019 | ▼ 16.5% |
| Operating cash flow (approximation) | -€18,538 | €38,864 | ▲ 310% |
| Investment in fixed assets (approximation) | - | -€5,608 | - |
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
2023
24-05
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 24-04-2023
2021
03-11
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 25-10-2021
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 319 days late
2020
31-03
Financial
Back to profitnet €35,846
Net result €35,846 after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
24-01
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 18-01-2019
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
07-06
Judicial reorganisation
Opening
Tribunal de commerce du Hainaut · collective agreement · event 31-05-2018
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
02-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
23-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 53 days late
2012
30-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEPHANE GUCHEZ RUE DU PARC 49, 6000 CHAR-
LEROI- .
Date provisoire de cessation de paiement : 25/10/2021 |
25-10-2021 → 24-04-2023 |