CIPE BELGIUM
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 28-01-2022, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
92 d early
2020
57 d early
2019
64 d early
2018
49 d early
2017
68 d early
2016
40 d early
2015
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€900k▼ 20.4%
2020 · €1.13M
2018: €1.49M
2019: €1.40M
2020: €1.13M
2018 → 2021
EBIT margin
-7.5%▼ 18.3pp
2020 · 10.8%
2018: 1.6%
2019: 14.3%
2020: 10.8%
2018 → 2021
Net result
€-75k
2020 · €120k
2018: €22k
2019: €203k
2020: €120k
2018 → 2021
Working capital
€701k▼ 10.4%
2020 · €782k
2018: €681k
2019: €668k
2020: €782k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€1.49M-€1.40M▼ 5.8%€1.13M▼ 19.5%€900k▼ 20.4%
Equity€447k-€650k▲ 45.3%€770k▲ 18.5%€695k▼ 9.7%
Operating result€24k-€201k▲ 733%€122k▼ 39.5%€-68k
Net result€22k-€203k▲ 824%€120k▼ 40.6%€-75k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €68k after €122k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €1.16M
Equity
€695k ▼ 9.7%
Provisions
€6k ▼ 52.0%
Debt
€456k ▼ 46.9%
Debt's share of the balance-sheet total falls from 52.4% to 39.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.54▲
2020 · 1.91
ROE
-10.8%▼
2020 · 15.6%
ROA
-6.5%▼
2020 · 7.3%
Debt ≤ 1 year
€456k▼
2020 · €859k
Income taxes
€300▼
2020 · €332
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 21 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.64M€1.16M▼
Current assets29/58€1.64M€1.16M▼
Amounts receivable within one year40/41€1.64M€1.16M▼
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.16M▼
Equity10/15€770k€695k▼
Contributions10/11€3.74M€3.74M=
Reserves13€74k€74k=
Profit (loss) carried forward14€-3.05M€-3.12M▼
Provisions and deferred taxes16€13k€6k▼
Amounts payable17/49€859k€456k▼
Amounts payable within one year42/48€859k€456k▼
Trade debts44€693k€320k▼
Income statement
Code20202021
Turnover70€1.13M€900k▼
Operating profit (loss)9901€122k€-68k▼
Recurring financial income75€4k-
Recurring financial charges65€6k€7k▲
Debt charges650€4k€5k▲
Profit (loss) for the period before taxes9903€121k€-75k▼
Income taxes67/77€332€300▼
Profit (loss) for the period9904€120k€-75k▼
Profit (loss) for the period to be appropriated9905€120k€-75k▼
Timeline · acts, filings and financial milestones
2022
21-04
State Gazette act
General meeting · Merger
Capital increase · Name change · Vincent Vroninks
18-02
State Gazette act
Merger · Accounting effect
Purpose change · Net-asset statement
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Weakest financial yearnet €-75k ▼162%
Net result drops to €-75k, the lowest in the series.
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €203k ▲824%
Operating result €201k, net result €203k, both a record.
30-09
Financial
Equity above €500kEq €650k ▲45.3%
2 profitable years in a row build equity to €650k.
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Show earlier events
2015
16-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
04-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
18-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:SA OKTOPUS NV