Equity
Equity fell by 52% in 13 years.
Equity fell by 52% in 13 years.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Three of the last ten came late. The 2023 accounts came latest: 35 days after the end of the period.
In July 2024, 5,828 companies had the same profile as CIPIC has now. Each dot stands for 15 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 5,828 companies, not a prediction for CIPIC. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CIPIC Tongeren-Borgloon | €133,654 | -€7,907 | 99.5% | - |
| KEEP IT SIMPLE SERVICES Chaumont-Gistoux | €162,154 | -€1,639 | 38.9% | - |
| INPRO - RECLAMEADVIESBURO Waregem | €163,417 | -€1,498 | -83.9% | - |
| FOLLOW-UP Wetteren | €100,268 | -€1,412 | 28.2% | - |
| PRINTYPE NETWORK Uccle | €187,269 | -€31,928 | 50.2% | - |
| PASAVAN Nieuwpoort | €91,614 | -€4,299 | -181.5% | 0 |
| TRACES T.E.I. Belgium Florennes | €87,318 | -€7,099 | 72.4% | - |
These companies have the same main activity as CIPIC: pre-press and pre-media services (NACE 18130). They are comparable in size and age: total assets between €87,300 and €187,000, founded between 2004 and 2007.
CIPIC files the micro format. That format states no turnover. The gross margin fell from €132,614 in 2006 to -€7,907 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Higher than 95% of 1,228 companies in 2025.
Higher than 95% of 1,171 companies in 2024.
Higher than 15% of 1,199 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
133,654 | 148,716 | 184,788 | 242,649 | 208,589 | 203,563 | 234,963 | 237,437 | 242,020 | 251,543 | 244,704 | 237,210 | 255,881 | 334,499 | 311,732 | 298,381 | 324,293 | 281,651 | 219,967 | 212,107 | |
21/28 |
12,699 | 17,446 | 22,193 | 18,899 | 8,817 | 9,271 | 13,178 | 17,492 | 22,079 | 25,800 | 10,008 | 11,464 | 15,096 | 20,549 | 25,978 | 31,121 | 14,661 | 8,379 | 8,519 | 714 | |
21 |
- | - | - | - | - | - | - | 300 | 600 | 900 | 1,200 | 1,500 | 1,800 | 2,100 | 2,400 | 2,700 | - | - | - | - | |
22/27 |
12,699 | 17,446 | 22,193 | 18,899 | 8,817 | 9,271 | 13,178 | 17,192 | 21,479 | 24,900 | 8,808 | 9,964 | 13,296 | 18,449 | 23,578 | 28,421 | 14,661 | 8,379 | 8,519 | 714 | |
23 |
- | - | - | 15 | 160 | 305 | - | - | - | - | 281 | 562 | 843 | 1,124 | - | - | 140 | 279 | 419 | 558 | |
24 |
12,613 | 17,273 | 21,933 | 18,538 | 8,225 | 8,447 | 8,372 | 8,100 | 8,100 | 8,100 | 8,527 | 9,402 | 12,453 | 15,881 | 20,690 | 24,089 | 8,746 | 8,100 | 8,100 | 156 | |
26 |
87 | 173 | 260 | 346 | 433 | 519 | 606 | 692 | 779 | - | - | - | - | 1,444 | 2,888 | 4,332 | 5,776 | - | - | - | |
29/58 |
120,954 | 131,270 | 162,595 | 223,750 | 199,771 | 194,291 | 221,785 | 219,945 | 219,941 | 225,743 | 234,696 | 225,746 | 240,785 | 313,950 | 285,755 | 267,259 | 309,632 | 273,272 | 211,448 | 211,393 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,418 | 24,517 | 39,683 | - | - | - | |
290 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,418 | 24,517 | 39,683 | - | - | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,557 | 24,557 | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,557 | 24,557 | - | - | - | - | |
40/41 |
35,132 | 57,100 | 60,183 | 99,857 | 197,512 | 192,054 | 200,779 | 205,826 | 204,713 | 211,081 | 189,255 | 213,915 | 102,666 | 117,501 | 157,735 | 87,443 | 180,534 | 236,628 | 119,467 | 81,901 | |
40 |
3,194 | 13,092 | 29,069 | 76,243 | 26,093 | 1,945 | 1,410 | 1,915 | 4,378 | - | 41 | 3,145 | 48,419 | 68,043 | 113,060 | 44,030 | 135,046 | 179,499 | 115,872 | 81,860 | |
41 |
31,938 | 44,008 | 31,114 | 23,614 | 171,419 | 190,109 | 199,369 | 203,911 | 200,335 | 211,081 | 189,215 | 210,770 | 54,247 | 49,458 | 44,675 | 43,413 | 45,488 | 57,129 | 3,595 | 41 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,614 | 24,614 | |
54/58 |
85,822 | 74,170 | 100,887 | 123,090 | 1,470 | 62 | 20,148 | 12,707 | 14,273 | 13,418 | 29,482 | 10,961 | - | 22,968 | 4,133 | 98,459 | 84,178 | 36,153 | 51,835 | 100,543 | |
490/1 |
- | - | 1,525 | 803 | 789 | 2,176 | 858 | 1,412 | 955 | 1,244 | 15,958 | 870 | 138,119 | 173,480 | 90,913 | 32,283 | 5,236 | 492 | 15,533 | 4,335 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
133,654 | 148,716 | 184,788 | 242,649 | 208,589 | 203,563 | 234,963 | 237,437 | 242,020 | 251,543 | 244,704 | 237,210 | 255,881 | 334,499 | 311,732 | 298,381 | 324,293 | 281,651 | 219,967 | 212,107 | |
10/15 |
132,947 | 146,902 | 178,807 | 196,465 | 169,274 | 199,129 | 226,370 | 226,498 | 224,761 | 222,334 | 225,807 | 224,501 | 194,426 | 277,171 | 276,742 | 263,152 | 256,137 | 212,903 | 180,791 | 154,166 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
287,499 | 287,499 | 287,499 | 287,499 | 260,308 | 260,308 | 260,308 | 260,308 | 258,571 | 258,571 | 258,571 | 258,571 | 258,570 | 258,571 | 258,142 | 244,552 | 237,537 | 194,303 | 162,191 | 135,566 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,750 | 18,750 | 18,750 | |
133 |
285,639 | 285,639 | 285,639 | 285,639 | 258,448 | 258,448 | 258,448 | 258,448 | 256,711 | 256,711 | 256,711 | 256,711 | 256,710 | 256,711 | 256,282 | 242,692 | 235,677 | 173,693 | 141,581 | 114,956 | |
14 |
-173,153 | -159,198 | -127,292 | -109,634 | -109,634 | -79,779 | -52,538 | -52,410 | -52,410 | -54,837 | -51,364 | -52,669 | -82,744 | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | |
17/49 |
707 | 1,814 | 5,981 | 46,184 | 39,315 | 4,434 | 8,592 | 10,939 | 17,259 | 29,209 | 18,897 | 12,709 | 61,455 | 57,328 | 34,991 | 35,229 | 68,156 | 68,748 | 39,176 | 37,941 | |
17 |
- | - | - | - | - | - | - | 2,566 | 7,692 | 12,744 | - | - | - | - | - | - | - | - | - | - | |
170/4 |
- | - | - | - | - | - | - | 2,566 | 7,692 | 12,744 | - | - | - | - | - | - | - | - | - | - | |
42/48 |
707 | 1,814 | 5,981 | 45,457 | 38,805 | 3,587 | 7,973 | 7,102 | 8,828 | 15,790 | 18,409 | 11,786 | 59,985 | 52,878 | 30,901 | 28,369 | 66,858 | 67,178 | 37,126 | 37,200 | |
42 |
- | - | - | - | - | - | 2,566 | 5,126 | 5,052 | 4,978 | - | - | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 15,200 | 3,333 | 3,333 | 3,333 | 7,143 | 6,667 | 6,667 | 6,667 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 11,867 | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,333 | 3,333 | 3,333 | 3,333 | 7,143 | 6,667 | 6,667 | 6,667 | |
44 |
- | 769 | - | 143 | 5,989 | 2,276 | 1,631 | 632 | - | 641 | 391 | 677 | 5,292 | 1,047 | 259 | 7,273 | 41,664 | 42,129 | 5,081 | 2,713 | |
440/4 |
- | 769 | - | 143 | 5,989 | 2,276 | 1,631 | 632 | - | 641 | 391 | 677 | 5,292 | 1,047 | 259 | 7,273 | 41,664 | 42,129 | 5,081 | 2,713 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 29,601 | - | - | - | - | - | - | |
45 |
707 | 1,045 | 5,981 | 9,912 | 21,154 | 1,312 | 3,776 | 1,343 | 2,580 | 8,586 | 52 | 1,560 | 25,136 | 15,764 | 15,005 | 17,763 | 18,051 | 18,382 | 18,209 | 22,336 | |
450/3 |
707 | 1,045 | 5,981 | 9,912 | 2,154 | 1,312 | 3,776 | 1,343 | 2,580 | 8,586 | 52 | 1,560 | 7,467 | 2,092 | 3,036 | 6,081 | 5,541 | 3,664 | 9,348 | 17,680 | |
454/9 |
- | - | - | 0 | 19,000 | - | - | - | - | - | - | - | 17,669 | 13,673 | 11,968 | 11,681 | 12,509 | 14,718 | 8,861 | 4,656 | |
47/48 |
- | - | - | 35,402 | 11,661 | - | - | - | 1,196 | 1,585 | 17,966 | 9,548 | 14,357 | 3,132 | 12,304 | - | - | - | 7,170 | 5,484 | |
492/3 |
- | - | - | 726 | 510 | 847 | 620 | 1,272 | 739 | 676 | 488 | 923 | 1,470 | 4,450 | 4,090 | 6,859 | 1,298 | 1,570 | 2,050 | 741 | |
| Income statement | |||||||||||||||||||||
9900 |
-7,907 | -20,016 | -13,152 | 32,710 | -28,146 | -21,910 | 5,551 | 8,860 | 9,362 | 3,744 | 3,465 | 84,027 | 8,254 | 89,746 | 104,482 | 105,452 | 142,825 | 112,712 | 104,682 | 132,614 | |
62 |
- | 5,940 | - | - | - | - | - | - | - | - | - | 48,275 | 81,358 | 79,864 | 76,210 | 87,187 | 73,943 | 68,451 | 64,817 | 21,271 | |
630 |
4,747 | 4,747 | 3,487 | 1,918 | 454 | 4,601 | 4,723 | 4,587 | 4,587 | 5,208 | 1,457 | 4,912 | 6,196 | 6,833 | 6,720 | 6,468 | 1,829 | 140 | 295 | 407 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 774 | - | - | - | - | - | - | - | |
640/8 |
527 | 449 | 600 | 1,057 | 1,168 | 1,781 | 1,804 | 2,035 | 1,995 | 1,916 | 747 | 1,282 | 1,589 | 4,304 | 7,351 | 4,499 | 1,162 | 1,022 | 1,219 | 1,333 | |
9901 |
-13,181 | -31,152 | -17,240 | 29,735 | -29,767 | -28,292 | -976 | 2,238 | 2,781 | -3,380 | 1,261 | 29,558 | -81,663 | -1,256 | 14,201 | 7,298 | 65,892 | 43,100 | 38,351 | 109,603 | |
75/76B |
- | - | - | 619 | 38 | 1,399 | 1,251 | 271 | 420 | 149 | 376 | 1,079 | 70 | 2,992 | 4,126 | 2,754 | 7,589 | 2,522 | 1,375 | 961 | |
75 |
- | - | - | 619 | 38 | 1,399 | 1,251 | 271 | 420 | 149 | 376 | 1,079 | 70 | 2,992 | 4,126 | 2,754 | 7,589 | 2,522 | 1,375 | 961 | |
65/66B |
67 | 65 | 61 | 64 | 126 | 104 | 149 | 209 | 432 | 242 | 279 | 508 | 1,098 | 1,251 | 1,008 | 1,046 | 969 | 1,538 | 3,213 | 2,254 | |
65 |
67 | 65 | 61 | 64 | 126 | 104 | 149 | 209 | 432 | 242 | 279 | 508 | 1,098 | 1,251 | 1,008 | 1,046 | 969 | 1,538 | 3,213 | 2,254 | |
9903 |
-13,248 | -31,218 | -17,301 | 30,290 | -29,855 | -26,996 | 126 | 2,300 | 2,768 | -3,473 | 1,358 | 30,128 | -82,691 | 486 | 17,319 | 9,006 | 72,512 | 44,084 | 36,513 | 108,310 | |
67/77 |
707 | 688 | 357 | 3,099 | 0 | 245 | 253 | 563 | 341 | - | 53 | 53 | 53 | 57 | 3,730 | 1,991 | 29,278 | 11,972 | 9,888 | 33,979 | |
9904 |
-13,955 | -31,906 | -17,658 | 27,191 | -29,855 | -27,241 | -127 | 1,737 | 2,427 | -3,473 | 1,305 | 30,075 | -82,744 | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
9905 |
-13,955 | -31,906 | -17,658 | 27,191 | -29,855 | -27,241 | -127 | 1,737 | 2,427 | -3,473 | 1,305 | 30,075 | -82,744 | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-173,153 | -159,198 | -127,292 | -82,443 | -109,634 | -79,779 | -52,538 | -50,673 | -52,410 | -54,837 | -51,364 | -52,669 | -82,744 | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
14P |
-159,198 | -127,292 | -109,634 | -109,634 | -79,779 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 27,191 | - | - | - | 1,737 | - | - | - | - | - | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
6921 |
- | - | - | 27,191 | - | - | - | 1,737 | - | - | - | - | - | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 0.8 | 1 | 1 | 1.1 | 1.6 | 1 | 1 | 1 | 0.3 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 1,282 | 1,734 | 1,662 | 1,750 | 2,648 | 1,752 | 1,742 | 1,774 | 594 | |
| Document | |||||||||||||||||||||
The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00146861 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00216820 | |
| 31-12-2023 | micro format | 04-09-2024 | 2024-00446434 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00271772 | |
| 31-12-2021 | micro format | 30-07-2022 | 2022-20266129 | |
| 31-12-2020 | abbreviated format | 15-06-2021 | 2021-19700088 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-44400232 | |
| 31-12-2018 | abbreviated format | 14-08-2019 | 2019-46000222 | |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-34400242 | |
| 31-12-2016 | abbreviated format | 06-07-2017 | 2017-27300326 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-36700321 | |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-47600324 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-48300410 | |
| 31-12-2012 | abbreviated format | 27-08-2013 | 2013-46200600 | |
| 31-12-2011 | abbreviated format | 18-07-2012 | 2012-30300465 | |
| 31-12-2010 | abbreviated format | 25-08-2011 | 2011-43100312 | |
| 31-12-2009 | abbreviated format | 26-08-2010 | 2010-44400474 | |
| 31-12-2008 | abbreviated format | 18-06-2009 | 2009-24200163 | |
| 31-12-2007 | abbreviated format | 04-06-2008 | 2008-18000396 | |
| 31-12-2006 | abbreviated format | 08-06-2007 | 2007-19600287 | |
| 31-12-2005 | abbreviated format | 13-06-2006 | 2006-22703787 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8,434 | -26,406 | -13,753 | 31,653 | -29,313 | -23,691 | 3,747 | 6,825 | 7,367 | 1,828 | 2,718 | 34,469 | -75,467 | 5,578 | 20,921 | 13,766 | 67,721 | 43,240 | 38,646 | 110,010 | ||
| -9,208 | -27,159 | -14,171 | 29,109 | -29,401 | -22,641 | 4,595 | 6,324 | 7,013 | 1,735 | 2,762 | 34,987 | -76,548 | 7,262 | 20,310 | 13,483 | 45,063 | 32,252 | 26,920 | 74,738 | ||
| 0 | 0 | 6,780 | 12,000 | 0 | 694 | 408 | 0 | 865 | 21,000 | 0 | 1,280 | 743 | 1,405 | 1,576 | 22,929 | 8,111 | 0 | 8,100 | 698 | ||
| 11,653 | -26,717 | -22,203 | 121,619 | 1,408 | -20,086 | 7,440 | -1,566 | 855 | -16,064 | 18,522 | - | - | 18,836 | -94,326 | 14,281 | 48,026 | -15,682 | -48,708 | - | ||
| 120,247 | 129,456 | 156,615 | 178,292 | 160,967 | 190,704 | 213,812 | 212,843 | 211,113 | 209,954 | 216,287 | 213,960 | 180,800 | 261,071 | 254,854 | 238,890 | 242,774 | 206,094 | 174,322 | 174,193 | ||
| 99.5% | 98.8% | 96.8% | 81.0% | 81.2% | 97.8% | 96.3% | 95.4% | 92.9% | 88.4% | 92.3% | 94.6% | 76.0% | 82.9% | 88.8% | 88.2% | 79.0% | 75.6% | 82.2% | 72.7% | ||
| - | 72.36 | 27.19 | 4.92 | 5.15 | 54.16 | 27.82 | 30.97 | 24.92 | 14.30 | 12.75 | 19.15 | 4.01 | 5.94 | 9.25 | 9.42 | 4.63 | 4.07 | 5.70 | 5.68 | ||
| - | 72.36 | 27.19 | 4.92 | 5.15 | 54.16 | 27.82 | 30.97 | 24.92 | 14.30 | 12.75 | 19.15 | 4.01 | 5.94 | 8.45 | 8.56 | 4.63 | 4.07 | 5.70 | 5.68 | ||
| 0.01 | 0.01 | 0.03 | 0.24 | 0.23 | 0.02 | 0.04 | 0.05 | 0.08 | 0.13 | 0.08 | 0.06 | 0.32 | 0.21 | 0.13 | 0.13 | 0.27 | 0.32 | 0.22 | 0.25 | ||
| -10.5% | -21.7% | -9.9% | 13.8% | -17.6% | -13.7% | -0.1% | 0.8% | 1.1% | -1.6% | 0.6% | 13.4% | -42.6% | 0.2% | 4.9% | 2.7% | 16.9% | 15.1% | 14.7% | 48.2% | ||
| -10.4% | -21.5% | -9.6% | 11.2% | -14.3% | -13.4% | -0.1% | 0.7% | 1.0% | -1.4% | 0.5% | 12.7% | -32.3% | 0.1% | 4.4% | 2.4% | 13.3% | 11.4% | 12.1% | 35.0% | ||
| -126.39 | -403.76 | -225.49 | over 100 | -232.68 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €133,654, equity €132,947).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €6,780 | €12,000 | - |
| €4,747 | €4,747 | €3,487 | €1,918 | €454 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,181, smaller than the loss of €31,152 in 2024.
Debt's share of the balance-sheet total falls from 1.2% to 0.5%. Equity and debt are lower.
CIPIC has no parent and no holdings in its annual accounts. is the only director. CIPIC shares no director with another company.
| CIELEC
registered office since 24-11-1987 · founded in 1987 · negative equity (2025) |
total assets €13,586 (2025) 0432.408.281 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Maastrichtersteenweg 432 registered office 3700 Tongeren-Borgloon 1813003 Pre-press and pre-media services | 10-08-2004 | 2.139.376.075 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73076D0316/00D000 | 938 m² | 1 · 209 m² | 10.2 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0866.808.331
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