CEPER
Open bankruptcyFinancials · financial year 2022, full format
Annual accounts 2022 filed on 27-07-2023 PDF all 5 filings
Turnover
≈ €1.4m
Estimated: probably between €1.0m and €2.3m
EBIT margin
Not included in this filing
Net result
-€278,102
2021 · €110,266
Working capital
-€164,145
2021 · €98,373
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€269,428
2022
20182022
Net result
-€278,102
2022
lowest quarter of the sector
20182022
Equity
-€227,841
2022
lowest quarter of the sector
20182022
Total assets
€360,128
▼ 32.6%
2022
middle half of the sector
20182022
Debt
€587,969
▲ 21.5%
2022
20182022
Working capital
-€164,145
2022
lowest quarter of the sector
20182022
Solvency
-63.3%
▼ 72.7pp
2022
lowest quarter of the sector
20182022
Current ratio
0.67
▼ 0.58
2022
lowest quarter of the sector
20182022
Return on assets (ROA)
-77.2%
▼ 97.9pp
2022
lowest quarter of the sector
20182022
Staff (FTE)
10.2
▼ 5.6%
2022
middle half of the sector
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€26,277-€32,104▲ 22.2%€3,044▼ 90.5%€165,126▲ 54×-€269,428
Net result€18,646-€20,636▲ 10.7%€12,645within the sector's middle half▼ 38.7%€110,266above the sector's middle half▲ 772%-€278,102below the sector's middle half
Equity€24,360-€44,997▲ 84.7%€57,642within the sector's middle half▲ 28.1%€50,260within the sector's middle half▼ 12.8%-€227,841below the sector's middle half
Total assets€279,239-€297,809▲ 6.7%€390,471within the sector's middle half▲ 31.1%€534,192within the sector's middle half▲ 36.8%€360,128within the sector's middle half▼ 32.6%
Debt€254,879-€252,813▼ 0.8%€332,829▲ 31.7%€483,932▲ 45.4%€587,969▲ 21.5%
Working capital-€69,960--€76,392▼ 9.2%€133,685within the sector's middle half€98,373within the sector's middle half▼ 26.4%-€164,145below the sector's middle half
Solvency8.7%-15.1%▲ 6.4pp14.8%within the sector's middle half▼ 0.3pp9.4%below the sector's middle half▼ 5.4pp-63.3%below the sector's middle half▼ 72.7pp
Current ratio0.27-0.37▲ 0.101.62within the sector's middle half▲ 1.251.25within the sector's middle half▼ 0.370.67below the sector's middle half▼ 0.58
Return on assets (ROA)6.7%-6.9%▲ 0.3pp3.2%within the sector's middle half▼ 3.7pp20.6%above the sector's middle half▲ 17.4pp-77.2%below the sector's middle half▼ 97.9pp
Staff (FTE)1-0.9▼ 10.0%4.2within the sector's middle half▲ 367%10.8within the sector's middle half▲ 157%10.2within the sector's middle half▼ 5.6%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2022 is a loss of €269,428, after a profit of €165,126 in 2021. It is the lowest result since 2018.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €360,059
Fixed assets
€28,986 ▼ 22.0%
Current assets
€331,073 ▼ 33.3%
Equity and liabilities
Equity-€227,841
Debt€587,969
Equity is negative. Debt (€587,969) exceeds the balance-sheet total (€360,128).
Key figures and ratios
EBITDA
-€257,245▼
2021 · €176,984
Cash flow
-€265,918▼
2021 · €122,124
Quick ratio
0.60▼
2021 · 1.16
Interest coverage
-28.56▼
2021 · 19.21
Debt ≤ 1 year
€495,219▲
2021 · €398,305
Debt > 1 year
€92,750▲
2021 · €85,627
Income taxes
€470▼
2021 · €46,316
Staff costs
€617,747▲
2021 · €553,369
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 14 | 7 |
| full-time | 12 | 6 |
| part-time | 2 | 1 |
| in full-time equivalents | 13.1 | 6.2 |
| Average over the year, in full-time equivalents | 10.8 | 10.2 |
| On a permanent contract | 9 | 4 |
| Joined | 10 | 12 |
| Left | 6 | 20 |
| Training hours | 1,192 | 1,776 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €8,062 | €3,718 |
| Financial fixed assets | €6 | €6 |
| Depreciation and write-downs of the year | €11,858 | €12,184 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €553,369 | €617,747 | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €620 | €1,393 | €6,882 | €11,858 | €12,184 | ▲ 2.7% |
| Other operating charges640/8 | - | - | - | €5,314 | €5,498 | ▲ 3.5% |
| Gross operating margin9900 | €47,899 | €79,184 | €263,488 | €735,667 | €366,001 | ▼ 50.2% |
| Operating profit (loss)9901 | €26,277 | €32,104 | €3,044 | €165,126 | -€269,428 | - |
| Financial income75/76B | - | - | - | €668 | €804 | ▲ 20.4% |
| Recurring financial income75 | €21 | €0 | €136 | €668 | €804 | ▲ 20.4% |
| Financial charges65/66B | - | - | - | €9,213 | €9,007 | ▼ 2.2% |
| Recurring financial charges65 | €2,173 | €4,552 | €6,500 | €9,213 | €9,007 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €24,125 | €27,552 | €20,043 | €156,582 | -€277,632 | - |
| Income taxes67/77 | €5,479 | €6,916 | €7,398 | €46,316 | €470 | ▼ 99.0% |
| Profit (loss) for the period9904 | €18,646 | €20,636 | €12,645 | €110,266 | -€278,102 | - |
| Profit (loss) for the period to be appropriated9905 | €18,646 | €20,636 | €12,645 | €110,266 | -€278,102 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,239 | €297,809 | €390,471 | €534,192 | €360,128 | ▼ 32.6% |
| Formation expenses20 | €1,208 | €923 | €638 | €353 | €69 | ▼ 80.6% |
| Fixed assets21/28 | €252,544 | €252,178 | €40,666 | €37,161 | €28,986 | ▼ 22.0% |
| Intangible fixed assets21 | - | - | €160 | €0 | - | - |
| Tangible fixed assets22/27 | €2,544 | €2,178 | €33,992 | €30,641 | €22,460 | ▼ 26.7% |
| Land and buildings22 | - | - | - | €5,428 | €5,206 | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | - | €697 | €409 | ▼ 41.4% |
| Furniture and vehicles24 | - | - | - | €24,515 | €16,845 | ▼ 31.3% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €250,000 | €250,000 | €6,515 | €6,521 | €6,526 | ▲ 0.1% |
| Current assets29/58 | €25,488 | €44,708 | €349,167 | €496,678 | €331,073 | ▼ 33.3% |
| Stocks and contracts in progress3 | - | - | €42,376 | €32,841 | €32,841 | = |
| Stocks30/36 | - | - | - | €32,841 | €32,841 | = |
| Amounts receivable within one year40/41 | €13,634 | €26,957 | €179,861 | €195,325 | €292,665 | ▲ 49.8% |
| Trade receivables40 | - | - | - | €191,367 | €289,587 | ▲ 51.3% |
| Other amounts receivable41 | - | - | - | €3,958 | €3,077 | ▼ 22.2% |
| Cash at bank and in hand54/58 | €11,195 | €17,751 | €121,473 | €263,677 | €3,795 | ▼ 98.6% |
| Deferred charges and accrued income490/1 | - | - | - | €4,834 | €1,773 | ▼ 63.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,239 | €297,809 | €390,471 | €534,192 | €360,128 | ▼ 32.6% |
| Equity10/15 | €24,360 | €44,997 | €57,642 | €50,260 | -€227,841 | - |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | = |
| Reserves13 | €932 | €932 | €932 | €932 | €932 | = |
| Non-distributable reserves130/1 | - | - | - | €932 | €932 | = |
| Reserves not available under the articles1311 | - | - | - | €932 | €932 | = |
| Profit (loss) carried forward14 | €3,428 | €24,064 | €36,709 | €29,328 | -€248,774 | - |
| Amounts payable17/49 | €254,879 | €252,813 | €332,829 | €483,932 | €587,969 | ▲ 21.5% |
| Amounts payable after more than one year17 | €159,432 | €131,713 | €117,348 | €85,627 | €92,750 | ▲ 8.3% |
| Financial debts170/4 | - | - | - | €85,627 | €92,750 | ▲ 8.3% |
| Amounts payable within one year42/48 | €95,447 | €121,100 | €215,481 | €398,305 | €495,219 | ▲ 24.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €35,414 | €51,802 | ▲ 46.3% |
| Trade debts44 | €296 | €34,114 | €112,030 | €169,914 | €173,214 | ▲ 1.9% |
| Suppliers440/4 | - | - | - | €169,914 | €173,214 | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | - | - | €74,832 | €207,052 | ▲ 177% |
| Taxes450/3 | - | - | - | €36,379 | €51,830 | ▲ 42.5% |
| Remuneration and social security454/9 | - | - | - | €38,453 | €155,222 | ▲ 304% |
| Other amounts payable47/48 | - | - | - | €118,145 | €63,150 | ▼ 46.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,646 | €20,636 | €12,645 | €110,266 | -€278,102 | - |
| + Depreciation and write-downs630 | €620 | €1,393 | €6,882 | €11,858 | €12,184 | ▲ 2.7% |
| Operating cash flow (approximation) | €19,266 | €22,029 | €19,527 | €122,124 | -€265,918 | - |
| Investment in fixed assets (approximation) | - | -€1,028 | €204,630 | -€8,353 | -€4,008 | ▲ 52.0% |
| Change in cash | - | €6,556 | €103,722 | €142,205 | -€259,882 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | full format | 27-07-2023 | 2023-00287883 | |
| 31-12-2021 | full format | 25-07-2022 | 2022-20218541 | |
| 31-12-2020 | full format | 18-08-2021 | 2021-52700547 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55700533 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-50300214 |