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CIPERS

Inactive
KBO/BCE: BE 0478.108.644

Inactive; last annual accounts for fiscal year 2024. Dissolved without liquidation on 15-12-2025.

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 31-12-2024 was due by 31-07-2025 and was filed on 28-04-2025, 94 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2024
94 d early
2023
44 d early
2022
21 d early
2021
11 d late
2020
30 d late
2019
132 d early
2018
33 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CIPERS has filed 22 sets of annual accounts, the latest for fiscal year 2024.1 In 2025 the company was absorbed by merger into PowerPulse.2

  1. 1National Bank, annual accounts 2024
  2. 2Belgian State Gazette, 19-01-2026

Financials · fiscal year 2024, abbreviated schema

Equity
€253k▲ 1.4%
2023 · €249k
Total assets
€280k▼ 26.1%
2023 · €380k
Net result
€4k▼ 94.5%
2023 · €65k
Working capital
€7k
2023 · €-6k
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€25k▲ 25.9%€63k▲ 151%€47k▼ 24.9%€90k▲ 91.6%€7k▼ 92.7%
Net result€13k▲ 56.1%€39k▲ 194%€31k▼ 22.1%€65k▲ 111%€4k▼ 94.5%
Equity€144k▼ 61.4%€184k▲ 27.2%€214k▲ 16.7%€249k▲ 16.2%€253k▲ 1.4%
Total assets€393k▼ 30.0%€417k▲ 5.9%€379k▼ 9.0%€380k▲ 0.1%€280k▼ 26.1%
Debt€249k▲ 33.0%€233k▼ 6.4%€165k▼ 29.2%€130k▼ 20.8%€28k▼ 78.7%
Working capital€-106k€-63k▲ 41.0%€-35k▲ 45.1%€-6k▲ 83.7%€7k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25k€50k€75k€100kOperating result 2020: €25k€25kNet result 2020: €13k€13kOperating result 2021: €63k€63kNet result 2021: €39k€39kOperating result 2022: €47k€47kNet result 2022: €31k€31kOperating result 2023: €90k€90kNet result 2023: €65k€65kOperating result 2024: €7k€7kNet result 2024: €4k€4k20202021202220232024€0€25k€50k€75k€100kOperating result 2022: €47k€47kNet result 2022: €31k€31kOperating result 2023: €90k€90kNet result 2023: €65k€65kOperating result 2024: €7k€6.6kNet result 2024: €4k€3.6k202220232024
The operating result falls in 2024; 2024 is 93% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280k
Fixed assets €261k ▼ 6.2%
Current assets €19k ▼ 81.0%
Equity and liabilities €280k
Equity €253k ▲ 1.4%
Debt €28k ▼ 78.7%
Debt's share of the balance-sheet total falls from 34.4% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€24k▼
2023 · €108k
Cash flow
€21k▼
2023 · €82k
Current ratio
1.61▲
2023 · 0.95
Debt to equity
0.11▼
2023 · 0.52
ROE
1.4%▼
2023 · 26.0%
ROA
1.3%▼
2023 · 17.0%
Interest coverage
13.12▼
2023 · 29.75
Debt ≤ 1 year
€12k▼
2023 · €107k
Debt > 1 year
€6k▼
2023 · €14k
Income taxes
€1k▼
2023 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€380k€280k▼
Fixed assets21/28€278k€261k▼
Tangible fixed assets22/27€278k€261k▼
Land and buildings22€278k€261k▼
Plant, machinery and equipment23€0-
Current assets29/58€101k€19k▼
Amounts receivable within one year40/41€29k€1k▼
Trade receivables40€29k€0▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€73k€18k▼
Equity and liabilities
Total equity and liabilities10/49€380k€280k▼
Equity10/15€249k€253k▲
Contributions10/11€20k€20k=
Reserves13€229k€233k▲
Distributable reserves133€229k€233k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€130k€28k▼
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€8k€0▼
Other amounts payable178/9€6k€6k=
Amounts payable within one year42/48€107k€12k▼
Current portion of amounts payable after more than one year42€25k€8k▼
Trade debts44€5k€363▼
Suppliers440/4€5k€363▼
Taxes, remuneration and social security45€14k€0▼
Taxes450/3€14k€0▼
Other amounts payable47/48€63k€3k▼
Accrued charges and deferred income492/3€10k€10k▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€111k€27k▼
Operating profit (loss)9901€90k€7k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€87k€5k▼
Income taxes67/77€22k€1k▼
Profit (loss) for the period9904€65k€4k▼
Profit (loss) for the period to be appropriated9905€65k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€4k▼
Transfer to equity691/2€35k€4k▼
To other reserves6921€35k€4k▼
Profit to be distributed694/7€30k€0▼
Return on contributions (dividend)694€30k€0▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k€18k€17k€17k▼ 1.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0----
Other operating charges640/8-€3k€3k€3k€3k▼ 1.7%
Gross operating margin9900€52k€87k€68k€111k€27k▼ 75.8%
Operating profit (loss)9901€25k€63k€47k€90k€7k▼ 92.7%
Financial income75/76B-€66€0-€0-
Recurring financial income75€32€66€0-€0-
Financial charges65/66B-€10k€6k€4k€2k▼ 49.9%
Recurring financial charges65€6k€10k€6k€4k€2k▼ 49.9%
Profit (loss) for the period before taxes9903€19k€53k€41k€87k€5k▼ 94.5%
Income taxes67/77€6k€14k€10k€22k€1k▼ 94.5%
Profit (loss) for the period9904€13k€39k€31k€65k€4k▼ 94.5%
Profit (loss) for the period to be appropriated9905€13k€39k€31k€65k€4k▼ 94.5%
Line20202021202220232024Change
Assets
Total assets20/58€393k€417k€379k€380k€280k▼ 26.1%
Fixed assets21/28€336k€314k€296k€278k€261k▼ 6.2%
Intangible fixed assets21€4k€0----
Tangible fixed assets22/27€333k€314k€296k€278k€261k▼ 6.2%
Land and buildings22-€313k€296k€278k€261k▼ 6.2%
Plant, machinery and equipment23-€496€248€0--
Furniture and vehicles24-€854€0---
Current assets29/58€57k€102k€83k€101k€19k▼ 81.0%
Amounts receivable within one year40/41€24k€27k€39k€29k€1k▼ 95.0%
Trade receivables40-€27k€39k€29k€0▼ 100%
Other amounts receivable41-€0--€1k-
Current investments50/53€22€0----
Cash at bank and in hand54/58€33k€75k€44k€73k€18k▼ 75.5%
Equity and liabilities
Total equity and liabilities10/49€393k€417k€379k€380k€280k▼ 26.1%
Equity10/15€144k€184k€214k€249k€253k▲ 1.4%
Contributions10/11-€20k€20k€20k€20k=
Reserves13€97k€164k€195k€229k€233k▲ 1.6%
Distributable reserves133-€164k€195k€229k€233k▲ 1.6%
Profit (loss) carried forward14€28k€0-€0€0-
Amounts payable17/49€249k€233k€165k€130k€28k▼ 78.7%
Amounts payable after more than one year17€85k€62k€39k€14k€6k▼ 60.6%
Financial debts170/4-€57k€33k€8k€0▼ 100%
Other amounts payable178/9-€6k€6k€6k€6k=
Amounts payable within one year42/48€163k€165k€118k€107k€12k▼ 88.9%
Current portion of amounts payable after more than one year42-€22k€24k€25k€8k▼ 65.6%
Trade debts44€4k€19k€7k€5k€363▼ 93.2%
Suppliers440/4-€19k€7k€5k€363▼ 93.2%
Taxes, remuneration and social security45-€11k€14k€14k€0▼ 100%
Taxes450/3-€11k€14k€14k€0▼ 100%
Other amounts payable47/48-€112k€73k€63k€3k▼ 95.2%
Accrued charges and deferred income492/3-€5k€8k€10k€10k▲ 6.5%
Line20202021202220232024Change
Profit (loss) for the period9904€13k€39k€31k€65k€4k▼ 94.5%
+ Depreciation and write-downs630€23k€22k€18k€17k€17k▼ 1.4%
Operating cash flow (approximation)€36k€62k€49k€82k€21k▼ 74.7%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€42k€-31k€28k€-55k▼ 295%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

2026
19-01
State Gazette act Restructuring · End & cessation
Resignations: EVEN Katrien, MATTHYS Benoit Jos Guy and VAN DAELE Laurenz Arthur Hubert Freddy André · Merger · Dissolution12 facts ▸
  • General meeting, 15-12-2025
  • General meeting, 15-12-2025
  • Merger, absorption
  • Dissolution, 15-12-2025
  • Accounting effect, 01-10-2025
  • Real estate, 97% van de volle eigendom van appartement A/1.1 (Kardinaal Mercierplein 1, Mechelen) en 100% van de volle eigendom van autostaanplaats P 11 (Kardinaal Mercierpl…
  • Director resignation, EVEN Katrien (director)
  • Director resignation, MATTHYS Benoit Jos Guy (director)
  • Director resignation, VAN DAELE Laurenz Arthur Hubert Freddy André (director)
  • Director discharge, EVEN Katrien
  • Director discharge, MATTHYS Benoit Jos Guy
  • Director discharge, VAN DAELE Laurenz Arthur Hubert Freddy André
2025
28-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet €4k ▼94.5%
Net result drops to €4k, the lowest in the series.
17-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €65k ▲111%
Operating result €90k, net result €65k, both a record.
10-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Equity above €200kEq €214k ▲16.7%
5 profitable years in a row build equity to €214k.
11-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial Equity above €150kEq €184k ▲27.2%
4 profitable years in a row build equity to €184k.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
21-03
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
23-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-12-2025 EVEN Katrien: Resigned as Director
15-12-2025 MATTHYS Benoit Jos Guy: Resigned as Director
15-12-2025 VAN DAELE Laurenz Arthur Hubert Freddy André: Resigned as Director
See the board, name and seat on a given date →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint

Structure & network

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction
Taken over by:PowerPulse
BE 0552.862.584merger by absorption · State Gazette act of 19-01-2026 (2 acts) · effective 15-12-2025