CEPIPLUS
ActiveSummary
The computed 12-month bankruptcy probability of CEPIPLUS is 1.7% (moderate). The 2025 annual accounts show negative equity (-€156,424) and a net result of -€170,042. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 5% of 4579 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-26
Solvency0▼-36
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 1.05 in 2024; short-term debt: 165.4% and cash: 0.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 2025Solvency, return and age of the figures
Solvency
-91.8%
Return on assets
-99.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€156,424
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
29 d late
2023
30 d early
2022
31 d early
2021
3 d early
2020
30 d late
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 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€156,424
2024 · €13,618
Total assets
€170,320▲ 36.4%
2024 · €124,896
Net result
-€170,042▼ 1,329%
2024 · -€11,896
Working capital
-€132,328
2024 · €4,725
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, 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
Line20212022202320242025
Operating result€20,227▲ 3,325%€1,720▼ 91.5%€17,412▲ 912%-€5,367-€166,730▼ 3,006%
Net result€19,122within the sector's middle half€727within the sector's middle half▼ 96.2%€16,204within the sector's middle half▲ 2,129%-€11,896below the sector's middle half-€170,042below the sector's middle half▼ 1,329%
Equity€25,727within the sector's middle half▲ 54.9%€26,454within the sector's middle half▲ 2.8%€25,515within the sector's middle half▼ 3.6%€13,618below the sector's middle half▼ 46.6%-€156,424below the sector's middle half
Total assets€96,608within the sector's middle half▲ 50.6%€103,339within the sector's middle half▲ 7.0%€108,937within the sector's middle half▲ 5.4%€124,896within the sector's middle half▲ 14.7%€170,320within the sector's middle half▲ 36.4%
Debt€70,881▲ 49.1%€76,885▲ 8.5%€83,422▲ 8.5%€111,278▲ 33.4%€326,744▲ 194%
Working capital€28,531within the sector's middle half▲ 11.6%€19,942within the sector's middle half▼ 30.1%€2,468within the sector's middle half▼ 87.6%€4,725within the sector's middle half▲ 91.5%-€132,328below the sector's middle half
Solvency26.6%within the sector's middle half▲ 0.7pp25.6%within the sector's middle half▼ 1.0pp23.4%within the sector's middle half▼ 2.2pp10.9%below the sector's middle half▼ 12.5pp-91.8%below the sector's middle half▼ 102.7pp
Current ratio1.59within the sector's middle half▼ 0.601.34within the sector's middle half▼ 0.251.03within the sector's middle half▼ 0.311.05within the sector's middle half▲ 0.020.53below the sector's middle half▼ 0.52
Return on assets (ROA)19.8%above the sector's middle half▲ 19.9pp0.7%within the sector's middle half▼ 19.1pp14.9%within the sector's middle half▲ 14.2pp-9.5%below the sector's middle half▼ 24.4pp-99.8%below the sector's middle half▼ 90.3pp
Staff (FTE)2.7▲ 125%3.2▲ 18.5%6▲ 87.5%7.3▲ 21.7%9▲ 23.3%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, 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 €166,730 in 2025 against €5,367 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170,320
Fixed assets
€20,905 ▼ 23.5%
Current assets
€149,415 ▲ 53.2%
Key figures and ratios
EBITDA
-€154,019▼
2024 · €8,231
Cash flow
-€157,331▼
2024 · €1,702
Debt to equity
-2.09▼
2024 · 8.17
Interest coverage
-19.19▼
2024 · 2.26
Debt ≤ 1 year
€281,743▲
2024 · €92,835
Debt > 1 year
€45,001▲
2024 · €18,443
Income taxes
€352▼
2024 · €2,953
Staff costs
€453,582▲
2024 · €266,031
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €90 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €88,730 | €156,161 | €181,336 | €266,031 | €453,582 | ▲ 70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,066 | €7,705 | €11,441 | €13,598 | €12,711 | ▼ 6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €204 | - | €140 | -€204 | €2,344 | ▲ 1,249% |
| Other operating charges640/8 | €234 | €218 | €863 | €891 | €2,659 | ▲ 199% |
| Gross operating margin9900 | €114,461 | €165,805 | €211,191 | €274,949 | €304,566 | ▲ 10.8% |
| Operating profit (loss)9901 | €20,227 | €1,720 | €17,412 | -€5,367 | -€166,730 | ▼ 3,006% |
| Financial income75/76B | €104 | €440 | €689 | €64 | €5,067 | ▲ 7,760% |
| Recurring financial income75 | €104 | €406 | €689 | €64 | €120 | ▲ 85.6% |
| Non-recurring financial income76B | - | €34 | - | - | €4,947 | - |
| Financial charges65/66B | €1,209 | €1,433 | €1,898 | €3,641 | €8,027 | ▲ 120% |
| Recurring financial charges65 | €1,209 | €1,433 | €1,898 | €3,641 | €8,027 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €19,122 | €727 | €16,204 | -€8,943 | -€169,690 | ▼ 1,797% |
| Income taxes67/77 | - | - | €0 | €2,953 | €352 | ▼ 88.1% |
| Profit (loss) for the period9904 | €19,122 | €727 | €16,204 | -€11,896 | -€170,042 | ▼ 1,329% |
| Profit (loss) for the period to be appropriated9905 | €19,122 | €727 | €16,204 | -€11,896 | -€170,042 | ▼ 1,329% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,608 | €103,339 | €108,937 | €124,896 | €170,320 | ▲ 36.4% |
| Fixed assets21/28 | €19,719 | €25,273 | €27,554 | €27,336 | €20,905 | ▼ 23.5% |
| Intangible fixed assets21 | €1,406 | €4,731 | €7,503 | €5,056 | €2,609 | ▼ 48.4% |
| Tangible fixed assets22/27 | €18,313 | €20,542 | €19,201 | €21,430 | €17,445 | ▼ 18.6% |
| Plant, machinery and equipment23 | €1,087 | €569 | €1,118 | €3,641 | €2,127 | ▼ 41.6% |
| Furniture and vehicles24 | €17,227 | €19,973 | €18,083 | €13,998 | €11,914 | ▼ 14.9% |
| Other tangible fixed assets26 | - | - | - | €3,790 | €3,405 | ▼ 10.2% |
| Financial fixed assets28 | - | - | €850 | €850 | €850 | = |
| Current assets29/58 | €76,889 | €78,066 | €81,383 | €97,561 | €149,415 | ▲ 53.2% |
| Amounts receivable within one year40/41 | €28,830 | €45,323 | €59,721 | €92,248 | €145,410 | ▲ 57.6% |
| Trade receivables40 | €24,182 | €26,907 | €46,705 | €89,771 | €130,285 | ▲ 45.1% |
| Other amounts receivable41 | €4,648 | €18,416 | €13,016 | €2,477 | €15,125 | ▲ 511% |
| Cash at bank and in hand54/58 | €39,378 | €17,249 | €15,285 | €327 | €327 | = |
| Deferred charges and accrued income490/1 | €8,681 | €15,494 | €6,377 | €4,986 | €3,678 | ▼ 26.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,608 | €103,339 | €108,937 | €124,896 | €170,320 | ▲ 36.4% |
| Equity10/15 | €25,727 | €26,454 | €25,515 | €13,618 | -€156,424 | ▼ 1,249% |
| Contributions10/11 | €13,300 | €13,300 | €13,300 | €13,300 | €13,300 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €10,567 | €11,294 | €10,355 | -€1,542 | -€171,584 | ▼ 11,030% |
| Amounts payable17/49 | €70,881 | €76,885 | €83,422 | €111,278 | €326,744 | ▲ 194% |
| Amounts payable after more than one year17 | €22,462 | €18,761 | €4,358 | €18,443 | €45,001 | ▲ 144% |
| Financial debts170/4 | €22,462 | €18,761 | €4,358 | €18,443 | €45,001 | ▲ 144% |
| Amounts payable within one year42/48 | €48,358 | €58,124 | €78,915 | €92,835 | €281,743 | ▲ 203% |
| Current portion of amounts payable after more than one year42 | - | - | €16,517 | €12,886 | €15,074 | ▲ 17.0% |
| Financial debts43 | €8,826 | €16,579 | - | €29,048 | €74,224 | ▲ 156% |
| Credit institutions430/8 | €8,826 | €16,579 | - | €29,048 | €74,224 | ▲ 156% |
| Trade debts44 | €7,816 | €13,220 | €15,675 | €13,211 | €123,546 | ▲ 835% |
| Suppliers440/4 | €7,816 | €13,220 | €15,675 | €13,211 | €123,546 | ▲ 835% |
| Taxes, remuneration and social security45 | €20,380 | €21,990 | €20,244 | €37,148 | €67,529 | ▲ 81.8% |
| Taxes450/3 | €3,493 | €1,527 | €497 | €786 | €246 | ▼ 68.7% |
| Remuneration and social security454/9 | €16,887 | €20,462 | €19,747 | €36,362 | €67,283 | ▲ 85.0% |
| Other amounts payable47/48 | €11,336 | €6,336 | €26,479 | €542 | €1,371 | ▲ 153% |
| Accrued charges and deferred income492/3 | €61 | - | €150 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,122 | €727 | €16,204 | -€11,896 | -€170,042 | ▼ 1,329% |
| + Depreciation and write-downs630 | €5,066 | €7,705 | €11,441 | €13,598 | €12,711 | ▼ 6.5% |
| Operating cash flow (approximation) | €24,188 | €8,432 | €27,645 | €1,702 | -€157,331 | ▼ 9,343% |
| Investment in fixed assets (approximation) | - | -€13,259 | -€13,722 | -€13,380 | -€6,280 | ▲ 53.1% |
| Change in cash | - | -€22,129 | -€1,963 | -€14,958 | €0 | ▲ 100% |
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
21-09
State Gazette act
General meeting · Other statementProfit allocation · Registered-office move8 facts ▸
State Gazette act
General meeting · Other statement
Profit allocation · Registered-office move8 facts ▸
- General meeting, 27-05-2026
- Other statement, certification of receipt, Les actionnaires certifient avoir reçu un exemplaire des comptes annuels et du rapport de gestion
- Other statement, board report, Le rapport du Conseil d'administration est joint au présent PV.
- Other statement, approval of accounts, 2025
- Other statement, continuation of activity, Au vu des mesures mises en place, la confiance est maintenue en l'activité.
- Profit allocation, perte, résultat reporté
- Registered-office move, Rue de l'Expansion 25A à 4400 FLEMALLE
- Other statement, Conseil d'Administration, pleine et entière
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€170,042
Net result drops to -€170,042, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19,122
Net result €19,122 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
10-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 680 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Flémalle · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Expansion 25 A4400 FlémalleGround area
8,135 m²
Building footprint
2,596 m²
Volume, LiDAR
22,556 m³
Parcel 62055C0231/00F000, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Semailles 39, 4400 Flémalle
since 20082.170.288.193
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0231/00F000 | Wallonia | 8,135 m² | 1 · 2,596 m² | 11.4 m · 3 fl. |
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.
Articles of association
Other statement
One provision in the deed
Structure & network
Owners and holdings
1 ownerChain of control
- RV HOME
- CEPIPLUS
Highest known parent: RV HOME. The sources do not say who stands above it.
Owners 1
- RV HOMEparentSourceaccounts RV HOME 2021100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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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Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 1,944 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
Founded01-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
43341Painting of buildings
43990Other specialised construction activities
81100Combined facilities support activities
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
85599Other education
Contact
Website
www.cepiplus.be
E-mail
cepiplus@cepiplus.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895418381
Also
9925:BE0895418381
Registered
05-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.