CISARC
CISARC has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €45k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 2768 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €166k |
| Net result | €45k |
| Better than sector | 42% |
| Active | 12 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 51.0% | 62.1% | |
| Net result | €45k | €39k | |
| Equity | €166k | €62k | |
| Gross operating margin | €70k | €62k | |
| Total assets | €326k | €121k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €69k | €56k | €88k | €24k |
| Net profit | €45k | €38k | €63k | €12k |
| Cash flow | €53k | €45k | €71k | €19k |
| Staff costs | - | - | - | - |
| Income taxes | €12k | €11k | €17k | €4k |
| Dividends | - | €27k | €27k | €27k |
| Total assets | €326k | €150k | €141k | €114k |
| Equity | €166k | €121k | €110k | €74k |
| Debt | €159k | €29k | €31k | €40k |
| of which ≤ 1y | €8k | €29k | €31k | €39k |
| of which > 1y | €151k | - | - | - |
| Working capital | €97k | €112k | €99k | €63k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 12.56 | 4.91 | 4.21 | 2.60 |
| Quick ratio | 12.56 | 4.91 | 4.21 | 2.60 |
| Working capital ratio | 29.6% | 74.7% | 70.5% | 54.9% |
| Solvency | 51.0% | 80.8% | 78.1% | 65.2% |
| Debt / equity | 0.96 | 0.24 | 0.28 | 0.53 |
| Long-term debt ratio | 0.91 | - | - | - |
| Interest coverage | 18.35 | 453.26 | 298.68 | 46.67 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 13.9% | 25.3% | 44.5% | 10.9% |
| ROE | 27.2% | 31.3% | 57.0% | 16.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €326k | €150k | €141k | €114k |
| Fixed assets | 21/28 | €221k | €9k | €11k | €12k |
| Formation expenses | 20 | €0 | €286 | - | - |
| Tangible fixed assets | 22/27 | €221k | €9k | €11k | €11k |
| Financial fixed assets | 28 | - | - | €0 | €1k |
| Current assets | 29/58 | €105k | €141k | €130k | €102k |
| Amounts receivable within one year | 40/41 | €45k | €38k | €29k | €71k |
| Cash & bank | 54/58 | €35k | €81k | €79k | €29k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €326k | €150k | €141k | €114k |
| Equity | 10/15 | €166k | €121k | €110k | €74k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €9k | €9k | €9k | €9k |
| Accumulated profits (losses) | 14 | €139k | €94k | €83k | €47k |
| Amounts payable | 17/49 | €159k | €29k | €31k | €40k |
| Amounts payable after one year | 17 | €151k | - | - | - |
| Amounts payable within one year | 42/48 | €8k | €29k | €31k | €39k |
| Trade debts payable within one year | 44 | €113 | €599 | €2k | €11k |
| Income statement | |||||
| Gross operating margin | 9900 | €70k | €59k | €89k | €24k |
| Operating result | 9901 | €61k | €49k | €80k | €17k |
| Financial income | 75 | €527 | €230 | €307 | €307 |
| Financial charges | 65 | €4k | €123 | €295 | €504 |
| Result before taxes | 9903 | €57k | €49k | €80k | €17k |
| Income taxes | 67/77 | €12k | €11k | €17k | €4k |
| Net result for the period | 9904 | €45k | €38k | €63k | €12k |
| Result to be appropriated | 9905 | €45k | €38k | €63k | €12k |
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 26-08-2014 |
| Status | Active |
| Postal code | 1081 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0071/00E009 | Brussels | 317 m² | 1 · 119 m² | 17.4 m · 5 fl. |
| 21526D0242/00B005 | Brussels | 221 m² | 1 · 177 m² | 15.2 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
14-04-2026 Registered office moved to Koekelberg
- B-1081 Koekelberg, Avenue du Panthéon 50
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "B-1081 Koekelberg, Avenue du Panth\u00E9on 50",
"city": "Koekelberg",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Avenue du",
"country": "BE",
"postcode": "1081",
"box_number": null,
"street_number": "50",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Frederic CONVENT",
"firm_city": null,
"firm_name": "Notalex notaire",
"office_city": "Ixelles",
"is_associated": true
},
"act_meta": {
"language": "mixed",
"pub_date": "2026-04-14",
"filing_date": "2026-04-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2026-04-01",
"unanimous": true
},
"subject_company": {
"kbo": "0560.704.540",
"name_full": "CISARC",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Frederic CONVENT",
"org_rep_person_name": null,
"person_role_at_subject": "notaire"
},
"co_filed_documents": [
"exp\u00E9dition de l\u2019acte",
"statuts coordonn\u00E9s"
]
}25-04-2024 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": true,
"effective_date": "2024-04-18",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0560.704.540",
"name_full": "CISARC",
"legal_form": "SPRL"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}28-08-2014 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "1080 Molenbeek-Saint-Jean, Rue Jean-Baptiste Janssen 17",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1974-07-11",
"name": "Anne Aurore Marie DE JAER",
"niss": null,
"address": "1080 Molenbeek-Saint-Jean, Rue Jean-Baptiste Janssen 17"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1900,
"holder_person_name": "Anne Aurore Marie DE JAER",
"is_subscriber_only": false,
"n_shares_subscribed": 19,
"amount_subscribed_eur": 1900,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1969-03-05",
"name": "Claude Frantz Alban IYI DOGAN",
"niss": null,
"address": "1080 Molenbeek-Saint-Jean, Rue Jean-Baptiste Janssen 17"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 16700,
"holder_person_name": "Claude Frantz Alban IYI DOGAN",
"is_subscriber_only": false,
"n_shares_subscribed": 167,
"amount_subscribed_eur": 16700,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600,
"subject_company": {
"kbo": "0560.704.540",
"name_full": "CISARC",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2014-08-22",
"post_incorporation_mandates": []
}| Legal nameFR | CISARC |