CEUPPENS
Bankruptcy closedInactive since 23-09-2026; last annual accounts for financial year 2024.
Summary
CEUPPENS was declared bankrupt on 05-06-2025 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 22-09-2026, published in the Belgian Official Gazette on 25-09-2026.
Financials · financial year 2024, micro format
2024 annual accounts filed late (30 days) Filed on 30 November 2024, deadline 31 October 2024 (7 months after the close on 31 March 2024, Companies Code art. 3:10). Source: NBB, 2024-00610744.
Equity
-€542,834▼ 1.2%
2023 · -€536,544
Total assets
€56,815▼ 32.4%
2023 · €84,050
Net result
-€6,290▲ 48.9%
2023 · -€12,321
Working capital
-€580,321▲ 1.3%
2023 · -€588,033
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result stays negative: a loss of €5,535 in 2024 against €11,524 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5,535
2024
Net result-€6,290
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€56,815
2024
Equity-€542,834
2024
Debt€599,649
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€580,321
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)11.2
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result-€26,621--€5,324▲ 80.0%€16,490€34,659▲ 110%-€11,524-€5,535▲ 52.0%
Net result-€29,579--€7,047▲ 76.2%€13,871€32,868▲ 137%-€12,321-€6,290▲ 48.9%
Equity-€563,915--€570,963▼ 1.2%-€557,092▲ 2.4%-€524,223▲ 5.9%-€536,544▼ 2.4%-€542,834▼ 1.2%
Total assets€184,642-€151,668▼ 17.9%€130,043▼ 14.3%€104,047▼ 20.0%€84,050▼ 19.2%€56,815▼ 32.4%
Debt€748,558-€722,631▼ 3.5%€687,134▼ 4.9%€628,270▼ 8.6%€620,594▼ 1.2%€599,649▼ 3.4%
Working capital-€687,521--€650,625▲ 5.4%-€622,739▲ 4.3%-€584,049▲ 6.2%-€588,033▼ 0.7%-€580,321▲ 1.3%
Staff (FTE)7.1-14.8▲ 108%6.2▼ 58.1%11.2▲ 80.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,815
Fixed assets
€44,198 ▼ 14.2%
Current assets
€12,617 ▼ 61.3%
Equity and liabilities
Equity-€542,834
Debt€599,649
Equity is negative: debt (€599,649) exceeds the balance-sheet total (€56,815).
Key figures and ratios
EBITDA
€3,272▲
2023 · -€1,687
Cash flow
€2,517▲
2023 · -€2,484
Solvency
-955.4%▼
2023 · -638.4%
Current ratio
0.02▼
2023 · 0.05
Quick ratio
0.01▼
2023 · 0.04
ROA
-11.1%▲
2023 · -14.7%
Interest coverage
4.64▲
2023 · -2.12
Debt ≤ 1 year
€592,938▼
2023 · €620,594
Income taxes
€50
Staff costs
€176,706▼
2023 · €182,956
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €167,272 | €182,956 | €176,706 | ▼ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,343 | €43,973 | €17,211 | €20,953 | €9,837 | €8,807 | ▼ 10.5% |
| Other operating charges640/8 | - | - | - | €291 | €1,120 | €491 | ▼ 56.1% |
| Gross operating margin9900 | €281,248 | €266,469 | €102,296 | €223,175 | €182,388 | €180,469 | ▼ 1.1% |
| Operating profit (loss)9901 | -€26,621 | -€5,324 | €16,490 | €34,659 | -€11,524 | -€5,535 | ▲ 52.0% |
| Financial income75/76B | - | - | - | €14 | - | €0 | - |
| Recurring financial income75 | €285 | €664 | €9 | €14 | - | €0 | - |
| Financial charges65/66B | - | - | - | €1,720 | €797 | €705 | ▼ 11.5% |
| Recurring financial charges65 | €3,157 | €2,300 | €2,542 | €1,720 | €797 | €705 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€29,492 | -€6,960 | €13,957 | €32,954 | -€12,321 | -€6,240 | ▲ 49.4% |
| Income taxes67/77 | €87 | €87 | €86 | €85 | - | €50 | - |
| Profit (loss) for the period9904 | -€29,579 | -€7,047 | €13,871 | €32,868 | -€12,321 | -€6,290 | ▲ 48.9% |
| Profit (loss) for the period to be appropriated9905 | -€29,579 | -€7,047 | €13,871 | €32,868 | -€12,321 | -€6,290 | ▲ 48.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €184,642 | €151,668 | €130,043 | €104,047 | €84,050 | €56,815 | ▼ 32.4% |
| Fixed assets21/28 | €123,973 | €80,727 | €65,647 | €59,826 | €51,489 | €44,198 | ▼ 14.2% |
| Intangible fixed assets21 | €190 | €0 | - | - | €1,500 | €2,210 | ▲ 47.3% |
| Tangible fixed assets22/27 | €118,926 | €75,865 | €60,781 | €54,955 | €45,118 | €37,102 | ▼ 17.8% |
| Plant, machinery and equipment23 | - | - | - | €7,271 | €5,587 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €3,191 | €2,429 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | - | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | €44,492 | €37,102 | €37,102 | = |
| Financial fixed assets28 | €4,858 | €4,862 | €4,866 | €4,871 | €4,871 | €4,887 | ▲ 0.3% |
| Current assets29/58 | €60,669 | €70,941 | €64,395 | €44,221 | €32,561 | €12,617 | ▼ 61.3% |
| Stocks and contracts in progress3 | €25,500 | €21,684 | €9,058 | €8,793 | €8,793 | €8,793 | = |
| Stocks30/36 | - | - | - | €8,793 | €8,793 | €8,793 | = |
| Amounts receivable within one year40/41 | €28,780 | €43,200 | €46,223 | €27,222 | €19,510 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €22,287 | €19,510 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €4,935 | - | - | - |
| Cash at bank and in hand54/58 | €5,992 | €5,530 | €7,030 | €5,508 | €3,655 | €3,824 | ▲ 4.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,699 | €603 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €184,642 | €151,668 | €130,043 | €104,047 | €84,050 | €56,815 | ▼ 32.4% |
| Equity10/15 | -€563,915 | -€570,963 | -€557,092 | -€524,223 | -€536,544 | -€542,834 | ▼ 1.2% |
| Contributions10/11 | €37,200 | €37,200 | - | €37,200 | €37,200 | €37,200 | = |
| Capital10 | - | - | - | - | - | €37,200 | - |
| Issued capital100 | - | - | - | - | - | €37,200 | - |
| Profit (loss) carried forward14 | -€601,115 | -€608,163 | -€594,292 | -€561,423 | -€573,744 | -€580,034 | ▼ 1.1% |
| Amounts payable17/49 | €748,558 | €722,631 | €687,134 | €628,270 | €620,594 | €599,649 | ▼ 3.4% |
| Amounts payable within one year42/48 | €748,190 | €721,567 | €687,134 | €628,270 | €620,594 | €592,938 | ▼ 4.5% |
| Trade debts44 | €46,086 | €62,121 | €40,027 | €25,564 | €95,825 | €58,323 | ▼ 39.1% |
| Suppliers440/4 | - | - | - | €25,564 | €95,825 | €58,323 | ▼ 39.1% |
| Taxes, remuneration and social security45 | - | - | - | €42,918 | €80,925 | €57,771 | ▼ 28.6% |
| Taxes450/3 | - | - | - | €8,452 | €80,925 | €31,339 | ▼ 61.3% |
| Remuneration and social security454/9 | - | - | - | €34,466 | - | €26,432 | - |
| Other amounts payable47/48 | - | - | - | €559,787 | €443,844 | €476,845 | ▲ 7.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €6,711 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,579 | -€7,047 | €13,871 | €32,868 | -€12,321 | -€6,290 | ▲ 48.9% |
| + Depreciation and write-downs630 | €48,343 | €43,973 | €17,211 | €20,953 | €9,837 | €8,807 | ▼ 10.5% |
| Operating cash flow (approximation) | €18,764 | €36,925 | €31,082 | €53,822 | -€2,484 | €2,517 | - |
| Investment in fixed assets (approximation) | - | -€727 | -€2,132 | -€15,132 | -€1,500 | -€1,516 | ▼ 1.1% |
| Change in cash | - | -€462 | €1,500 | -€1,522 | -€1,853 | €169 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2024 | micro format | 30-11-2024 | 2024-00610744 |
| 31-03-2023 | micro format | 12-06-2024 | 2024-00131124 |
| 31-03-2022 | micro format | 01-12-2022 | 2022-20530729 |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76700331 |
| 31-03-2020 | micro format | 30-11-2020 | 2020-73300232 |
| 31-03-2019 | micro format | 14-10-2019 | 2019-70400211 |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71200392 |
| 31-03-2017 | micro format | 31-10-2017 | 2017-69200050 |
| 31-03-2016 | abbreviated format | 13-11-2016 | 2016-68000367 |
| 31-03-2015 | abbreviated format | 29-10-2015 | 2015-65900258 |
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €118 awarded · €236 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €118 |
| 2022 | 1 | €118 | €118 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.