CeTPsy
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 32% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €4,483 |
| Depreciation and write-downs of the year | - | €459 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €459 | - |
| Other operating charges640/8 | €159 | €181 | ▲ 13.7% |
| Gross operating margin9900 | €12,859 | €17,356 | ▲ 35.0% |
| Operating profit (loss)9901 | €12,699 | €16,716 | ▲ 31.6% |
| Financial charges65/66B | €250 | €124 | ▼ 50.2% |
| Recurring financial charges65 | €250 | €124 | ▼ 50.2% |
| Profit (loss) for the period before taxes9903 | €12,449 | €16,592 | ▲ 33.3% |
| Income taxes67/77 | €2,842 | €3,744 | ▲ 31.8% |
| Profit (loss) for the period9904 | €9,608 | €12,848 | ▲ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €9,608 | €12,848 | ▲ 33.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €15,857 | €27,771 | ▲ 75.1% |
| Fixed assets21/28 | - | €4,024 | - |
| Tangible fixed assets22/27 | - | €4,024 | - |
| Furniture and vehicles24 | - | €4,024 | - |
| Current assets29/58 | €15,857 | €23,747 | ▲ 49.8% |
| Amounts receivable within one year40/41 | €5,631 | €10,264 | ▲ 82.3% |
| Trade receivables40 | €5,631 | €7,008 | ▲ 24.5% |
| Other amounts receivable41 | - | €3,256 | - |
| Cash at bank and in hand54/58 | €10,226 | €13,483 | ▲ 31.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €15,857 | €27,771 | ▲ 75.1% |
| Equity10/15 | €11,808 | €23,822 | ▲ 102% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €8,808 | €20,822 | ▲ 136% |
| Distributable reserves133 | €8,808 | €20,822 | ▲ 136% |
| Amounts payable17/49 | €4,050 | €3,949 | ▼ 2.5% |
| Amounts payable within one year42/48 | €4,050 | €3,949 | ▼ 2.5% |
| Trade debts44 | €208 | €25 | ▼ 88.2% |
| Suppliers440/4 | €208 | €25 | ▼ 88.2% |
| Taxes, remuneration and social security45 | €3,042 | €3,091 | ▲ 1.6% |
| Taxes450/3 | €3,042 | €3,091 | ▲ 1.6% |
| Other amounts payable47/48 | €800 | €833 | ▲ 4.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9,608 | €12,848 | ▲ 33.7% |
| + Depreciation and write-downs630 | - | €459 | - |
| Operating cash flow (approximation) | €9,608 | €13,307 | ▲ 38.5% |
| Change in cash | - | €3,257 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as CeTPsy has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CeTPsy itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for CeTPsy. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.