CEPIMAC
ActiveSummary
The computed 12-month bankruptcy probability of CEPIMAC is 2.7% (moderate). For CEPIMAC, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€414,032) and a net result of -€400,002. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 139 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability0▼-8
Solvency0▼-23
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-80.6%
Return on assets
-77.8%
Age of the figures
27 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 241 days later.
NBB · 8 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 31-01-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
on the day
2022
325 d late
2021
325 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 108 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€414,032▼ 2,851%
2023 · -€14,030
Total assets
€513,896▼ 32.1%
2023 · €756,695
Net result
-€400,002▼ 525%
2023 · -€64,044
Working capital
-€347,073
2023 · €36,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€109,596€37,634▼ 65.7%-€37,066-€63,418▼ 71.1%-€404,063▼ 537%
Net result€90,543above the sector's middle half€12,520within the sector's middle half▼ 86.2%-€36,661below the sector's middle half-€64,044below the sector's middle half▼ 74.7%-€400,002below the sector's middle half▼ 525%
Equity€74,155within the sector's middle half€86,675within the sector's middle half▲ 16.9%€50,014below the sector's middle half▼ 42.3%-€14,030below the sector's middle half-€414,032below the sector's middle half▼ 2,851%
Total assets€366,564within the sector's middle half▲ 105%€1.2mabove the sector's middle half▲ 222%€1.3mwithin the sector's middle half▲ 13.1%€756,695within the sector's middle half▼ 43.3%€513,896below the sector's middle half▼ 32.1%
Debt€292,409▲ 50.1%€1.1m▲ 274%€1.3m▲ 17.5%€770,725▼ 40.0%€927,928▲ 20.4%
Working capital€74,639within the sector's middle half€263,765above the sector's middle half▲ 253%€191,489within the sector's middle half▼ 27.4%€36,464below the sector's middle half▼ 81.0%-€347,073below the sector's middle half
Solvency20.2%within the sector's middle half▲ 29.4pp7.3%below the sector's middle half▼ 12.9pp3.7%below the sector's middle half▼ 3.6pp-1.9%below the sector's middle half▼ 5.6pp-80.6%below the sector's middle half▼ 78.7pp
Current ratio1.26within the sector's middle half▲ 0.341.31within the sector's middle half▲ 0.051.18below the sector's middle half▼ 0.131.05below the sector's middle half▼ 0.120.59below the sector's middle half▼ 0.47
Return on assets (ROA)24.7%above the sector's middle half▲ 37.8pp1.1%within the sector's middle half▼ 23.6pp-2.7%below the sector's middle half▼ 3.8pp-8.5%below the sector's middle half▼ 5.7pp-77.8%below the sector's middle half▼ 69.4pp
Staff (FTE)1.52below the sector's middle half▲ 33.3%1.5below the sector's middle half▼ 25.0%0.7below the sector's middle half▼ 53.3%
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €404,063 in 2024 against €63,418 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €513,896
Fixed assets
€18,593 ▼ 52.4%
Current assets
€495,303 ▼ 31.0%
Key figures and ratios
EBITDA
-€394,803▼
2023 · -€49,752
Cash flow
-€390,741▼
2023 · -€50,378
Quick ratio
0.20▼
2023 · 0.25
Debt to equity
-2.24▲
2023 · -54.93
Interest coverage
-160.11▼
2023 · -27.94
Debt ≤ 1 year
€842,375▲
2023 · €681,177
Debt > 1 year
€85,552▼
2023 · €89,548
Income taxes
-€5,794
Staff costs
€8,795▼
2023 · €70,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €69,143 | €52,828 | €87,716 | €70,262 | €8,795 | ▼ 87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,016 | €13,594 | €13,666 | €9,261 | ▼ 32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9,223 | - | - | - | - |
| Other operating charges640/8 | €162 | €1,202 | €8,349 | €1,416 | €10,303 | ▲ 627% |
| Non-recurring operating charges66A | - | - | - | - | €2,056 | - |
| Gross operating margin9900 | €178,901 | €102,903 | €72,593 | €21,926 | -€373,649 | ▼ 1,804% |
| Operating profit (loss)9901 | €109,596 | €37,634 | -€37,066 | -€63,418 | -€404,063 | ▼ 537% |
| Financial income75/76B | €230 | - | €1,754 | €1,155 | €733 | ▼ 36.5% |
| Recurring financial income75 | €230 | - | €1,754 | €1,155 | €733 | ▼ 36.5% |
| Financial charges65/66B | €969 | €4,320 | €1,349 | €1,781 | €2,466 | ▲ 38.5% |
| Recurring financial charges65 | €969 | €4,319 | €1,349 | €1,781 | €2,466 | ▲ 38.5% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €108,857 | €33,315 | -€36,661 | -€64,044 | -€405,796 | ▼ 534% |
| Income taxes67/77 | €18,314 | €20,794 | - | - | -€5,794 | - |
| Profit (loss) for the period9904 | €90,543 | €12,520 | -€36,661 | -€64,044 | -€400,002 | ▼ 525% |
| Profit (loss) for the period to be appropriated9905 | €90,543 | €12,520 | -€36,661 | -€64,044 | -€400,002 | ▼ 525% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €366,564 | €1.2m | €1.3m | €756,695 | €513,896 | ▼ 32.1% |
| Fixed assets21/28 | - | €65,447 | €52,721 | €39,055 | €18,593 | ▼ 52.4% |
| Tangible fixed assets22/27 | - | €65,447 | €52,721 | €39,055 | €18,593 | ▼ 52.4% |
| Plant, machinery and equipment23 | - | - | - | - | €18,174 | - |
| Furniture and vehicles24 | - | €65,447 | €52,721 | €39,055 | €419 | ▼ 98.9% |
| Current assets29/58 | €366,564 | €1.1m | €1.3m | €717,641 | €495,303 | ▼ 31.0% |
| Stocks and contracts in progress3 | €187,951 | €684,832 | €786,840 | €545,889 | €327,319 | ▼ 40.0% |
| Stocks30/36 | €187,951 | €684,832 | €786,840 | €545,889 | €327,319 | ▼ 40.0% |
| Amounts receivable within one year40/41 | €36,225 | €208,072 | €310,934 | €70,890 | €62,588 | ▼ 11.7% |
| Trade receivables40 | €27,120 | €78,445 | €269,189 | €55,747 | €45,511 | ▼ 18.4% |
| Other amounts receivable41 | €9,105 | €129,627 | €41,745 | €15,143 | €17,077 | ▲ 12.8% |
| Cash at bank and in hand54/58 | €142,284 | €222,025 | €184,271 | €100,169 | €105,395 | ▲ 5.2% |
| Deferred charges and accrued income490/1 | €104 | €615 | €809 | €692 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €366,564 | €1.2m | €1.3m | €756,695 | €513,896 | ▼ 32.1% |
| Equity10/15 | €74,155 | €86,675 | €50,014 | -€14,030 | -€414,032 | ▼ 2,851% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €61,755 | €74,275 | €37,614 | -€26,430 | -€426,432 | ▼ 1,513% |
| Amounts payable17/49 | €292,409 | €1.1m | €1.3m | €770,725 | €927,928 | ▲ 20.4% |
| Amounts payable after more than one year17 | - | €242,009 | €193,544 | €89,548 | €85,552 | ▼ 4.5% |
| Financial debts170/4 | - | - | - | - | €85,552 | - |
| Advances received on contracts in progress176 | - | €242,009 | €193,544 | €89,548 | - | - |
| Amounts payable within one year42/48 | €291,925 | €851,779 | €1.1m | €681,177 | €842,375 | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | - | €3,765 | €20,074 | - | - | - |
| Financial debts43 | €4,171 | - | - | - | - | - |
| Credit institutions430/8 | €4,171 | - | - | - | - | - |
| Trade debts44 | €224,052 | €781,501 | €960,655 | €626,759 | €815,323 | ▲ 30.1% |
| Suppliers440/4 | €224,052 | €781,501 | €960,655 | €626,759 | €815,323 | ▲ 30.1% |
| Taxes, remuneration and social security45 | €63,702 | €66,512 | €110,636 | €54,418 | €27,052 | ▼ 50.3% |
| Taxes450/3 | €34,739 | €57,355 | €94,869 | €43,310 | €22,870 | ▼ 47.2% |
| Remuneration and social security454/9 | €28,963 | €9,158 | €15,767 | €11,108 | €4,182 | ▼ 62.3% |
| Accrued charges and deferred income492/3 | €484 | €528 | €652 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,543 | €12,520 | -€36,661 | -€64,044 | -€400,002 | ▼ 525% |
| + Depreciation and write-downs630 | - | €2,016 | €13,594 | €13,666 | €9,261 | ▼ 32.2% |
| Operating cash flow (approximation) | €90,543 | €14,536 | -€23,068 | -€50,378 | -€390,741 | ▼ 676% |
| Investment in fixed assets (approximation) | - | - | -€867 | €0 | €11,201 | - |
| Change in cash | - | €79,741 | -€37,754 | -€84,102 | €5,226 | ▲ 106% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€400,002
Net result drops to -€400,002, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 325 days late
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 325 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €90,543
Net result €90,543 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial 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
Registered office, Gistel · 1 establishment unit since 2016
Ground area
1.3 ha
Building footprint
3,586 m²
Parcel 35005D0748/00A000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CEPIMAC
since 20162.254.458.657
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0748/00A000 | Flanders | 1.3 ha | 1 · 3,586 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 142 companies in sector 27900 we hold annual accounts for 103. 50 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 (pre-2019)
Founded21-06-2016
Fiscal year end30-06
Activities, NACEBEL 2025
27900Manufacture of electrical equipment
46836Wholesale trade
47527Retail trade
E-invoicing
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Register as of 28 September 2026 · Peppol Directory
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