CEMPEN
ActiveSummary
The computed 12-month bankruptcy probability of CEMPEN is 2.9% (moderate). The annual accounts of CEMPEN for fiscal year 2024 show a net loss of 61% of total assets. The 2024 annual accounts show equity of €3k and a net result of €-3k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 2024 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-75
Solvency100▲+33
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
61 d late
2022
32 d late
2021
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3k▼ 42.8%
2023 · €6k
Total assets
€4k▼ 70.5%
2023 · €14k
Net result
€-3k
2023 · €660
Working capital
€728
2023 · €-881
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
Line2021202220232024
Operating result€196-€1k▲ 539%€1k▼ 15.3%€-2k
Net result€203-€1k▲ 441%€660▼ 40.1%€-3k
Equity€4k-€5k▲ 26.2%€6k▲ 12.4%€3k▼ 42.8%
Total assets€20k-€18k▼ 5.8%€14k▼ 22.6%€4k▼ 70.5%
Debt€15k-€13k▼ 14.6%€8k▼ 36.8%€795▼ 90.4%
Working capital€-7k-€-6k▲ 12.6%€-881▲ 85.7%€728
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €1k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4k
Fixed assets
€3k ▼ 60.8%
Current assets
€2k ▼ 79.4%
Equity and liabilities €4k
Equity
€3k ▼ 42.8%
Debt
€795 ▼ 90.4%
Debt's share of the balance-sheet total falls from 58.1% to 18.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-767▼
2023 · €4k
Cash flow
€-823▼
2023 · €3k
Interest coverage
-13.74▼
2023 · 56.06
Debt ≤ 1 year
€795▼
2023 · €8k
Income taxes
€0▼
2023 · €329
Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €2k | ▼ 38.5% |
| Other operating charges640/8 | - | €4k | €109 | €118 | ▲ 8.3% |
| Non-recurring operating charges66A | €52 | - | €484 | €1k | ▲ 146% |
| Gross operating margin9900 | €2k | €8k | €4k | €543 | ▼ 87.8% |
| Operating profit (loss)9901 | €196 | €1k | €1k | €-2k | ▼ 336% |
| Financial income75/76B | €16 | - | - | - | - |
| Recurring financial income75 | €16 | - | - | - | - |
| Financial charges65/66B | €8 | €57 | €69 | €56 | ▼ 19.2% |
| Recurring financial charges65 | €8 | €57 | €69 | €56 | ▼ 19.2% |
| Profit (loss) for the period before taxes9903 | €203 | €1k | €989 | €-3k | ▼ 358% |
| Income taxes67/77 | - | €90 | €329 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €203 | €1k | €660 | €-3k | ▼ 487% |
| Profit (loss) for the period to be appropriated9905 | €203 | €1k | €660 | €-3k | ▼ 487% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €20k | €18k | €14k | €4k | ▼ 70.5% |
| Fixed assets21/28 | €11k | €11k | €7k | €3k | ▼ 60.8% |
| Tangible fixed assets22/27 | €11k | €11k | €7k | €3k | ▼ 60.8% |
| Plant, machinery and equipment23 | €8k | €9k | €5k | €2k | ▼ 67.8% |
| Furniture and vehicles24 | €3k | €3k | €2k | €1k | ▼ 41.8% |
| Current assets29/58 | €8k | €7k | €7k | €2k | ▼ 79.4% |
| Stocks and contracts in progress3 | €1k | €863 | €799 | €0 | ▼ 100% |
| Stocks30/36 | €1k | €863 | €799 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €2k | €2k | €45 | €383 | ▲ 752% |
| Trade receivables40 | €2k | €2k | - | - | - |
| Other amounts receivable41 | €188 | €45 | €45 | €383 | ▲ 752% |
| Cash at bank and in hand54/58 | €5k | €4k | €6k | €1k | ▼ 83.6% |
| Deferred charges and accrued income490/1 | - | - | €295 | €112 | ▼ 62.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €20k | €18k | €14k | €4k | ▼ 70.5% |
| Equity10/15 | €4k | €5k | €6k | €3k | ▼ 42.8% |
| Contributions10/11 | €4k | €4k | €4k | €4k | = |
| Reserves13 | €203 | €203 | €203 | €0 | ▼ 100% |
| Distributable reserves133 | €203 | €203 | €203 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | €1k | €2k | €-590 | ▼ 134% |
| Amounts payable17/49 | €15k | €13k | €8k | €795 | ▼ 90.4% |
| Amounts payable within one year42/48 | €15k | €13k | €8k | €795 | ▼ 90.4% |
| Trade debts44 | - | €270 | - | - | - |
| Suppliers440/4 | - | €270 | - | - | - |
| Taxes, remuneration and social security45 | - | €90 | €645 | €0 | ▼ 100% |
| Taxes450/3 | - | €90 | €645 | €0 | ▼ 100% |
| Other amounts payable47/48 | €15k | €13k | €8k | €795 | ▼ 89.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €203 | €1k | €660 | €-3k | ▼ 487% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €2k | ▼ 38.5% |
| Operating cash flow (approximation) | €2k | €4k | €3k | €-823 | ▼ 124% |
| Investment in fixed assets (approximation) | - | €-3k | €2k | €2k | ▲ 34.6% |
| Change in cash | - | €-1k | €2k | €-5k | ▼ 314% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.92
Current ratio from 0.89 to 1.92; short-term debt falls from €8k to €795.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2021net €1k ▲441%
Operating result €1k, net result €1k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 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
Registered office, Oostende · 1 establishment unit since 2021
Ground area
1.7 ha
Building footprint
1,977 m²
Parcel 35013A4616/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
CEMPEN
since 20212.316.367.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A4616/00A000 | Flanders | 1.7 ha | 1 · 1,977 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,446 companies in sector 77110 we hold annual accounts for 727. 208 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.