CEPEGEM
ActiveSummary
CEPEGEM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€191,417) and a net result of -€38,625. Equity is shrinking by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 8211 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8211 sector peers (2025).
NBB · sector comparisonPosition among 8211 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-05-2026, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
8 d late
2024
14 d late
2023
8 d late
2022
3 d early
2021
9 d late
2020
1 d early
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 9 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€191,417▼ 25.3%
2024 · -€152,792
Net result
-€38,625▲ 25.8%
2024 · -€52,045
Total assets
€545,102▲ 1.1%
2024 · €539,273
Solvency
-35.1%▼ 6.8pp
2024 · -28.3%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,526▲ 8.9%-€15,600▼ 518%-€20,724▼ 32.8%-€42,141▼ 103%-€27,071▲ 35.8%
Net result-€16,507below the sector's middle half▲ 10.7%-€24,111below the sector's middle half▼ 46.1%-€27,530below the sector's middle half▼ 14.2%-€52,045below the sector's middle half▼ 89.0%-€38,625below the sector's middle half▲ 25.8%
Equity-€49,105below the sector's middle half▼ 50.6%-€73,217below the sector's middle half▼ 49.1%-€100,747below the sector's middle half▼ 37.6%-€152,792below the sector's middle half▼ 51.7%-€191,417below the sector's middle half▼ 25.3%
Total assets€476,305within the sector's middle half▲ 5.8%€527,698within the sector's middle half▲ 10.8%€540,683within the sector's middle half▲ 2.5%€539,273within the sector's middle half▼ 0.3%€545,102within the sector's middle half▲ 1.1%
Debt€525,410▲ 8.8%€600,915▲ 14.4%€641,430▲ 6.7%€692,065▲ 7.9%€736,518▲ 6.4%
Working capital-€254,423below the sector's middle half▼ 10.0%-€310,208below the sector's middle half▼ 21.9%-€333,387below the sector's middle half▼ 7.5%-€386,009below the sector's middle half▼ 15.8%-€423,114below the sector's middle half▼ 9.6%
Solvency-10.3%below the sector's middle half▼ 3.1pp-13.9%below the sector's middle half▼ 3.6pp-18.6%below the sector's middle half▼ 4.8pp-28.3%below the sector's middle half▼ 9.7pp-35.1%below the sector's middle half▼ 6.8pp
Current ratio0.21below the sector's middle half▲ 0.090.25below the sector's middle half▲ 0.040.30below the sector's middle half▲ 0.040.29below the sector's middle half=0.31below the sector's middle half▲ 0.01
Return on assets (ROA)-3.5%below the sector's middle half▲ 0.6pp-4.6%below the sector's middle half▼ 1.1pp-5.1%below the sector's middle half▼ 0.5pp-9.7%below the sector's middle half▼ 4.6pp-7.1%below the sector's middle half▲ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27,071 in 2025 against €42,141 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €545,102
Fixed assets
€356,942 ▼ 5.6%
Current assets
€188,160 ▲ 16.8%
Equity and liabilities
Equity-€191,417
Debt€736,518
Equity is negative: debt (€736,518) exceeds the balance-sheet total (€545,102).
Key figures and ratios
Debt ≤ 1 year
€611,273▲
2024 · €547,067
Debt > 1 year
€122,045▼
2024 · €142,863
Income taxes
€471▲
2024 · €402
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,412 | €21,326 | €22,856 | €22,324 | €21,932 | ▼ 1.8% |
| Other operating charges640/8 | €3,006 | €4,462 | €3,136 | €3,319 | €3,530 | ▲ 6.4% |
| Gross operating margin9900 | €16,892 | €10,188 | €5,268 | -€16,497 | -€1,609 | ▲ 90.2% |
| Operating profit (loss)9901 | -€2,526 | -€15,600 | -€20,724 | -€42,141 | -€27,071 | ▲ 35.8% |
| Financial income75/76B | €2,090 | €5,195 | €6,451 | €2,351 | €50 | ▼ 97.9% |
| Recurring financial income75 | €2,090 | €5,195 | €6,451 | €2,351 | €50 | ▼ 97.9% |
| Financial charges65/66B | €15,807 | €13,706 | €12,436 | €11,854 | €11,133 | ▼ 6.1% |
| Recurring financial charges65 | €15,807 | €13,706 | €12,436 | €11,854 | €11,133 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | -€16,243 | -€24,111 | -€26,709 | -€51,643 | -€38,154 | ▲ 26.1% |
| Income taxes67/77 | €264 | - | €821 | €402 | €471 | ▲ 17.2% |
| Profit (loss) for the period9904 | -€16,507 | -€24,111 | -€27,530 | -€52,045 | -€38,625 | ▲ 25.8% |
| Profit (loss) for the period to be appropriated9905 | -€16,507 | -€24,111 | -€27,530 | -€52,045 | -€38,625 | ▲ 25.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €476,305 | €527,698 | €540,683 | €539,273 | €545,102 | ▲ 1.1% |
| Fixed assets21/28 | €407,998 | €421,535 | €399,554 | €378,215 | €356,942 | ▼ 5.6% |
| Tangible fixed assets22/27 | €390,145 | €403,682 | €381,701 | €360,362 | €339,089 | ▼ 5.9% |
| Land and buildings22 | €383,840 | €368,819 | €353,817 | €338,867 | €324,764 | ▼ 4.2% |
| Plant, machinery and equipment23 | €892 | €654 | €416 | €178 | - | - |
| Furniture and vehicles24 | €2,945 | €31,282 | €24,465 | €18,354 | €11,400 | ▼ 37.9% |
| Other tangible fixed assets26 | €2,469 | €2,928 | €3,003 | €2,964 | €2,925 | ▼ 1.3% |
| Financial fixed assets28 | €17,853 | €17,853 | €17,853 | €17,853 | €17,853 | = |
| Current assets29/58 | €68,307 | €106,163 | €141,129 | €161,058 | €188,160 | ▲ 16.8% |
| Stocks and contracts in progress3 | €3,803 | €3,803 | €3,803 | €3,803 | €3,803 | = |
| Stocks30/36 | €3,803 | €3,803 | €3,803 | €3,803 | €3,803 | = |
| Amounts receivable within one year40/41 | €62,753 | €101,124 | €136,232 | €156,281 | €184,357 | ▲ 18.0% |
| Trade receivables40 | €6,196 | €4,960 | €5,284 | €3,232 | €3,850 | ▲ 19.1% |
| Other amounts receivable41 | €56,557 | €96,164 | €130,948 | €153,049 | €180,506 | ▲ 17.9% |
| Deferred charges and accrued income490/1 | €1,751 | €1,237 | €1,094 | €974 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €476,305 | €527,698 | €540,683 | €539,273 | €545,102 | ▲ 1.1% |
| Equity10/15 | -€49,105 | -€73,217 | -€100,747 | -€152,792 | -€191,417 | ▼ 25.3% |
| Contributions10/11 | €58,600 | €58,600 | €58,600 | €58,600 | €58,600 | = |
| Reserves13 | €2,372 | €2,372 | €2,372 | €2,372 | €2,372 | = |
| Non-distributable reserves130/1 | €2,372 | €2,372 | €2,372 | - | - | - |
| Reserves not available under the articles1311 | €2,372 | €2,372 | €2,372 | - | - | - |
| Distributable reserves133 | - | - | - | €2,372 | €2,372 | = |
| Profit (loss) carried forward14 | -€110,077 | -€134,189 | -€161,719 | -€213,764 | -€252,389 | ▼ 18.1% |
| Amounts payable17/49 | €525,410 | €600,915 | €641,430 | €692,065 | €736,518 | ▲ 6.4% |
| Amounts payable after more than one year17 | €198,501 | €181,026 | €164,087 | €142,863 | €122,045 | ▼ 14.6% |
| Financial debts170/4 | €198,501 | €181,026 | €164,087 | €142,863 | €122,045 | ▼ 14.6% |
| Amounts payable within one year42/48 | €322,730 | €416,371 | €474,516 | €547,067 | €611,273 | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | €17,809 | €18,879 | €18,429 | €21,224 | €22,499 | ▲ 6.0% |
| Financial debts43 | €12,018 | €5,478 | €8,953 | €8,473 | €8,264 | ▼ 2.5% |
| Credit institutions430/8 | €12,018 | €5,478 | €8,953 | €8,473 | €8,264 | ▼ 2.5% |
| Trade debts44 | €6,192 | €4,689 | €5,007 | €1,933 | €3,948 | ▲ 104% |
| Suppliers440/4 | €6,192 | €4,689 | €5,007 | €1,933 | €3,948 | ▲ 104% |
| Taxes, remuneration and social security45 | €2,783 | €229 | €2,435 | €1,461 | €1,806 | ▲ 23.6% |
| Taxes450/3 | €2,783 | €229 | €2,435 | €1,461 | €1,806 | ▲ 23.6% |
| Other amounts payable47/48 | €283,928 | €387,096 | €439,692 | €513,976 | €574,756 | ▲ 11.8% |
| Accrued charges and deferred income492/3 | €4,179 | €3,517 | €2,828 | €2,135 | €3,200 | ▲ 49.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,507 | -€24,111 | -€27,530 | -€52,045 | -€38,625 | ▲ 25.8% |
| + Depreciation and write-downs630 | €16,412 | €21,326 | €22,856 | €22,324 | €21,932 | ▼ 1.8% |
| Operating cash flow (approximation) | -€95 | -€2,785 | -€4,674 | -€29,721 | -€16,693 | ▲ 43.8% |
| Investment in fixed assets (approximation) | - | -€34,864 | -€875 | -€985 | -€659 | ▲ 33.1% |
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
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
14-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
30-09
Financial
Weakest financial yearnet -€52,045
Net result drops to -€52,045, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 11 days late
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1996
Ground area
3,444 m²
Building footprint
384 m²
Volume, LiDAR
2,295 m³
2 parcels, Brussels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CEPEGEM
since 19962.076.503.249
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0008/00V042 | Brussels | 2,261 m² | 1 · 269 m² | 13.2 m · 3 fl. |
| 25055B0576/00A000 | Wallonia | 1,183 m² | 1 · 115 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
17.5%
According to the annual accounts to 30-09-2025 of CEPEGEM and those 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,721 companies in this sector we hold annual accounts for 19,804. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-04-1996
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
47120Other non-specialised retail sale
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457777147
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.