Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 31.6 to 27.3.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2024
COMPAGNIE EUROPEENNE DU MEUBLE ET DE SA PROMOTION from Awans, company number BE0443677505, closed financial year 2024 with a result of € -129,664 after tax. For that financial year COMPAGNIE EUROPEENNE DU MEUBLE ET DE SA PROMOTION recorded revenue of € 16.5 million and equity of € 2.4 million. Compared with financial year 2023, the result moved from € 50,813 to € -129,664. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 25, 2025.
€ 2.4 million
▼ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -129,664
▼ still € 50,813 profit in 2023
Profit after tax over the fiscal year.
€ 305,175
▲ 11% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 132,858.
People and assets in 2024
27.3
▼ 1.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 3% vs 2023
€ 51,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 281,376
▲ € 228,621 vs 2023
€ 45,962 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 3.6 million
▲ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 90 days on average.
€ 410,415
▼ 11% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 17,941,609 | € 17,521,664 | € 17,922,816 | € 16,500,460 | ▼ 8% |
| Profit after taxes | € 157,739 | € 53,969 | € 50,813 | € -129,664 | ▼ € 180,477 |
| Equity | € 2,425,999 | € 2,479,968 | € 2,530,781 | € 2,401,118 | ▼ 5% |
| Total debts | € 5,819,093 | € 5,064,393 | € 5,001,523 | € 5,189,650 | ▲ 4% |
| Cash | € 964,084 | € 225,225 | € 275,341 | € 305,175 | ▲ 11% |
| Land & buildings | € 1,477,757 | € 1,314,053 | € 1,184,376 | € 1,057,835 | ▼ 11% |
| Retained profit | € 157,739 | € 211,708 | € 262,521 | € 132,858 | ▼ 49% |
| Bank debt | € 412,906 | € 230,927 | € 52,755 | € 281,376 | ▲ € 228,621 |
| Balance sheet total | € 8,245,092 | € 7,544,361 | € 7,532,305 | € 7,590,767 | ▲ 1% |
| Employees (FTE) | 31.2 | 31.6 | 28.4 | 27.3 | ▼ 1.1 |
Key figures of COMPAGNIE EUROPEENNE DU MEUBLE ET DE SA PROMOTION, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to COMPAGNIE EUROPEENNE DU MEUBLE ET DE SA PROMOTION?
What happened at COMPAGNIE EUROPEENNE DU MEUBLE ET DE SA PROMOTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 129,664 (▼ € 180,477 vs 2023). Source: NBB ↗
- New establishment in Roeselare. KBO
- New establishment in Saint-Georges-sur-Meuse. KBO
- New establishment in Sint-Martens-Latem. KBO
- New establishment in Awans. KBO
- New establishment in Namur. KBO
- New establishment in Zaventem. KBO
- New establishment in Genk. KBO
In short
From € 157,739 profit in 2021 to € 129,664 loss in 2024.
Paid € 2,226 in corporate taxes since 2021.
Best year ever: 2021, with € 157,739 profit.
Pays suppliers within 90 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind COMPAGNIE EUROPEENNE DU MEUBLE ET DE SA PROMOTION is RICCARDO SAVOCA. The shares are held by CHATEAU D'AX SpA (100%).
Directors
According to the 2024 annual accounts
RICCARDO SAVOCA
Director
Shareholders
CHATEAU D'AX SpA
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Chaudronnerie 18
4340 Awans
Ninoofse Steenweg 700
1070 Anderlecht
Active since 22 June 1995
Gentse steenweg 552
9300 Aalst
Active since 10 September 1998
Boomsesteenweg 123
2630 Aartselaar
Active since 14 July 1995
Rue de l'Institut,Differt 64 6
6780 Messancy
Active since 26 June 1995
Rue de la Renaissance 14
6041 Charleroi
Active since 10 July 1995
Rue de Bruxelles 46
4340 Awans
Active since 1 December 1999
Route de Mons(BIN) 655
7130 Binche
Active since 29 June 1995
Waterloose Steenweg 39
1640 Sint-Genesius-Rode
Active since 1 November 1999
Leuvensesteenweg 284
1932 Zaventem
Active since 31 December 2006
Autolei 324
2160 Wommelgem
Active since 1 July 2004
Hasseltweg 224
3600 Genk
Active since 1 May 2006
Sint-Pieterskaai 78
8000 Brugge
Active since 1 May 2006
Chaussée de Marche(WD) 746
5100 Namur
Active since 15 May 2009
Kortrijksesteenweg 158 box B
9830 Sint-Martens-Latem
Active since 1 March 2021
Rue Campagne du Moulin 49
4470 Saint-Georges-sur-Meuse
Active since 4 January 2022
Brugsesteenweg 383 box C
8800 Roeselare
Active since 5 September 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.677.505
- VAT number
- BE 0443.677.505
- Registered office
- Rue de la Chaudronnerie 18, 4340 Awans
- Names & denominations
- COMPAGNIE EUROPEENNE DU MEUBLE ET DE SA PROMOTION · CEMEPRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 1990
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
Detailhandel in huismeubilair
Detailhandel in meubels
Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten
Detailhandel in huismeubilair in gespecialiseerde winkels
Groothandel in niet-elektrische huishoudelijke artikelen