CIC
ActiveSummary
CIC has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-73k) and a net result of €-37k. Equity is shrinking by ~49.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 1526 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-3
Solvency5▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.37 in 2024; short-term debt: 55.5% and cash: 2.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-20%
Return on assets
-10.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-73k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
32 d early
2023
42 d early
2022
34 d early
2021
31 d early
2020
24 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-73k▼ 103%
2024 · €-36k
2019: €47k
2020: €51k▲ +8.3% vs 2019highest in 7 years
2021: €44k▼ -14.0% vs 2020
2022: €24k▼ -45.3% vs 2021
2023: €-5k▼ -119% vs 2022
2024: €-36k▼ -672% vs 2023
2025: €-73k▼ -103% vs 2024lowest in 7 years
2019 → 2025
Total assets
€364k▼ 7.7%
2024 · €394k
2019: €516khighest in 7 years
2020: €515k▼ -0.3% vs 2019
2021: €505k▼ -1.9% vs 2020
2022: €492k▼ -2.5% vs 2021
2023: €421k▼ -14.3% vs 2022
2024: €394k▼ -6.5% vs 2023
2025: €364k▼ -7.7% vs 2024lowest in 7 years
2019 → 2025
Net result
€-37k▼ 18.4%
2024 · €-31k
2019: €-12k
2020: €4k▲ +134% vs 2019highest in 7 years
2021: €-7k▼ -284% vs 2020
2022: €-20k▼ -178% vs 2021
2023: €-29k▼ -43.9% vs 2022
2024: €-31k▼ -9.3% vs 2023
2025: €-37k▼ -18.4% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-145k▼ 18.1%
2024 · €-123k
2019: €-74k
2020: €-73k▲ +1.5% vs 2019highest in 7 years
2021: €-85k▼ -16.5% vs 2020
2022: €-85k▼ -0.1% vs 2021
2023: €-113k▼ -32.9% vs 2022
2024: €-123k▼ -8.6% vs 2023
2025: €-145k▼ -18.1% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€24k▼ 45.3%€-5k€-36k▼ 672%€-73k▼ 103%
2021: €44khighest in 5 years
2022: €24k▼ -45.3% vs 2021
2023: €-5k▼ -119% vs 2022
2024: €-36k▼ -672% vs 2023
2025: €-73k▼ -103% vs 2024lowest in 5 years
Operating result€-1k-€-15k▼ 991%€-24k▼ 58.6%€-26k▼ 11.1%€-32k▼ 21.7%
2021: €-1khighest in 5 years
2022: €-15k▼ -991% vs 2021
2023: €-24k▼ -58.6% vs 2022
2024: €-26k▼ -11.1% vs 2023
2025: €-32k▼ -21.7% vs 2024lowest in 5 years
Net result€-7k-€-20k▼ 178%€-29k▼ 43.9%€-31k▼ 9.3%€-37k▼ 18.4%
2021: €-7khighest in 5 years
2022: €-20k▼ -178% vs 2021
2023: €-29k▼ -43.9% vs 2022
2024: €-31k▼ -9.3% vs 2023
2025: €-37k▼ -18.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2025 against €26k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364k
Fixed assets
€307k ▼ 4.6%
Current assets
€57k ▼ 21.4%
Key figures and ratios
EBITDA
€-5k▼
2024 · €-186
Cash flow
€-10k▼
2024 · €-5k
Solvency
-20.0%▼
2024 · -9.1%
Current ratio
0.28▼
2024 · 0.37
Debt to equity
-6.00▲
2024 · -11.99
ROA
-10.2%▼
2024 · -7.9%
Interest coverage
-1.15▼
2024 · -0.04
Debt
€436k▲
2024 · €430k
Debt ≤ 1 year
€202k▲
2024 · €195k
Debt > 1 year
€230k=
2024 · €230k
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 · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€394k€364k▼
Fixed assets21/28€322k€307k▼
Tangible fixed assets22/27€322k€307k▼
Plant, machinery and equipment23€270k€267k▼
Furniture and vehicles24€52k€39k▼
Current assets29/58€72k€57k▼
Amounts receivable within one year40/41€48k€48k▲
Trade receivables40€12k€12k=
Other amounts receivable41€36k€36k▲
Cash at bank and in hand54/58€25k€9k▼
Equity and liabilities
Total equity and liabilities10/49€394k€364k▼
Equity10/15€-36k€-73k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-56k€-93k▼
Amounts payable17/49€430k€436k▲
Amounts payable after more than one year17€230k€230k=
Financial debts170/4€230k€230k=
Amounts payable within one year42/48€195k€202k▲
Trade debts44€103€2k▲
Suppliers440/4€103€2k▲
Other amounts payable47/48€195k€200k▲
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€27k▲
Other operating charges640/8€525€531▲
Gross operating margin9900€339€-5k▼
Operating profit (loss)9901€-26k€-32k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€-31k€-37k▼
Profit (loss) for the period9904€-31k€-37k▼
Profit (loss) for the period to be appropriated9905€-31k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-93k▼
Profit (loss) brought forward from the previous period14P€-25k€-56k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €71k | €25k | €26k | €27k | ▲ 1.6% |
| Other operating charges640/8 | - | €190 | €492 | €525 | €531 | ▲ 1.2% |
| Gross operating margin9900 | €67k | €57k | €2k | €339 | €-5k | ▼ 1,561% |
| Operating profit (loss)9901 | €-1k | €-15k | €-24k | €-26k | €-32k | ▼ 21.7% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €5k | €5k | €5k | €5k | ▲ 0.2% |
| Recurring financial charges65 | €6k | €5k | €5k | €5k | €5k | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €-7k | €-20k | €-29k | €-31k | €-37k | ▼ 18.4% |
| Profit (loss) for the period9904 | €-7k | €-20k | €-29k | €-31k | €-37k | ▼ 18.4% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-20k | €-29k | €-31k | €-37k | ▼ 18.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €505k | €492k | €421k | €394k | €364k | ▼ 7.7% |
| Fixed assets21/28 | €364k | €344k | €343k | €322k | €307k | ▼ 4.6% |
| Tangible fixed assets22/27 | €364k | €344k | €343k | €322k | €307k | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €328k | €294k | €270k | €267k | ▼ 0.9% |
| Furniture and vehicles24 | - | €16k | €49k | €52k | €39k | ▼ 23.6% |
| Current assets29/58 | €141k | €148k | €78k | €72k | €57k | ▼ 21.4% |
| Amounts receivable within one year40/41 | €132k | €141k | €49k | €48k | €48k | ▲ 0.8% |
| Trade receivables40 | - | €61k | €14k | €12k | €12k | = |
| Other amounts receivable41 | - | €80k | €36k | €36k | €36k | ▲ 1.1% |
| Cash at bank and in hand54/58 | €9k | €7k | €29k | €25k | €9k | ▼ 64.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €505k | €492k | €421k | €394k | €364k | ▼ 7.7% |
| Equity10/15 | €44k | €24k | €-5k | €-36k | €-73k | ▼ 103% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €28k | €5k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €3k | - | - | - | - |
| Profit (loss) carried forward14 | €-3k | - | €-25k | €-56k | €-93k | ▼ 65.4% |
| Amounts payable17/49 | €461k | €468k | €426k | €430k | €436k | ▲ 1.6% |
| Amounts payable after more than one year17 | €230k | €230k | €230k | €230k | €230k | = |
| Financial debts170/4 | - | €230k | €230k | €230k | €230k | = |
| Amounts payable within one year42/48 | €226k | €234k | €192k | €195k | €202k | ▲ 3.5% |
| Trade debts44 | €7k | €27k | €1k | €103 | €2k | ▲ 2,102% |
| Suppliers440/4 | - | €27k | €1k | €103 | €2k | ▲ 2,102% |
| Other amounts payable47/48 | - | €206k | €190k | €195k | €200k | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | €5k | €5k | €5k | €5k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-20k | €-29k | €-31k | €-37k | ▼ 18.4% |
| + Depreciation and write-downs630 | €67k | €71k | €25k | €26k | €27k | ▲ 1.6% |
| Operating cash flow (approximation) | €60k | €52k | €-3k | €-5k | €-10k | ▼ 107% |
| Investment in fixed assets (approximation) | - | €-51k | €-25k | €-5k | €-12k | ▼ 152% |
| Change in cash | - | €-2k | €22k | €-5k | €-16k | ▼ 250% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2005
Ground area
267 m²
Building footprint
181 m²
Volume, LiDAR
1,814 m³
Parcel 44805E1132/00C000, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CIC
since 20052.300.759.925
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E1132/00C000 | Flanders | 267 m² | 1 · 181 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,187 companies in sector 77399 we hold annual accounts for 710. 310 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-06-1994
Fiscal year end30-06
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.