CIVADEC
ActiveCIVADEC has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.25M and a net result of €412k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 82% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+12
Solvency100▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 6.25 against 2.58 in 2023; short-term debt: 4% and cash: 10.2% of total assets), and 24.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.9%
Return on assets
9.6%
Age of the figures
21 mo
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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
58 d early
2022
55 d early
2021
20 d early
2020
54 d early
2019
59 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€3.25M▲ 7.7%
2023 · €3.02M
2019: €3.54M
2020: €3.21M
2021: €3.19M
2022: €3.07M
2023: €3.02M
2019 → 2024
Total assets
€4.29M▼ 3.7%
2023 · €4.45M
2019: €5.13M
2020: €4.91M
2021: €4.79M
2022: €4.49M
2023: €4.45M
2019 → 2024
Net result
€412k▲ 5,830%
2023 · €7k
2019: €201k
2020: €-111k
2021: €136k
2022: €-89k
2023: €7k
2019 → 2024
Working capital
€905k▲ 225%
2023 · €279k
2019: €159k
2020: €-183k
2021: €339k
2022: €302k
2023: €279k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.21M-€3.19M▼ 0.6%€3.07M▼ 3.5%€3.02M▼ 1.7%€3.25M▲ 7.7%
Operating result€-148k-€166k€-125k€-30k▲ 76.2%€503k
Net result€-111k-€136k€-89k€7k€412k▲ 5,830%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €503k after a loss of €30k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.29M
Fixed assets
€3.21M▼ 19.7%
Current assets
€1.08M▲ 137%
Equity and liabilities €4.29M
Equity
€3.25M▲ 7.7%
Provisions
€240k▼ 13.5%
Debt
€794k▼ 31.1%
The debt ratio falls from 25.9% to 18.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€940k▲
2023 · €506k
Cash flow
€849k▲
2023 · €543k
Solvency
75.9%▲
2023 · 67.9%
Current ratio
6.25▲
2023 · 2.58
Quick ratio
6.25▲
2023 · 2.58
Debt / equity
0.24▼
2023 · 0.38
ROE
12.7%▲
2023 · 0.2%
ROA
9.6%▲
2023 · 0.2%
Interest coverage
63.61▲
2023 · 24.02
Debt
€794k▼
2023 · €1.15M
Debt ≤ 1 year
€172k▼
2023 · €176k
Debt > 1 year
€610k▼
2023 · €964k
Income taxes
€74k▲
2023 · €334
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.45M€4.29M▼
Fixed assets21/28€4.00M€3.21M▼
Tangible fixed assets22/27€3.63M€3.21M▼
Land and buildings22€3.57M€3.15M▼
Plant, machinery and equipment23€60k€63k▲
Financial fixed assets28€361k€100▼
Current assets29/58€455k€1.08M▲
Amounts receivable after more than one year29€31k€37k▲
Other amounts receivable291€31k€37k▲
Amounts receivable within one year40/41€116k€85k▼
Trade receivables40€72k€85k▲
Other amounts receivable41€44k€0▼
Current investments50/53-€502k
Cash at bank and in hand54/58€301k€438k▲
Deferred charges and accrued income490/1€7k€16k▲
Equity and liabilities
Total equity and liabilities10/49€4.45M€4.29M▼
Equity10/15€3.02M€3.25M▲
Contributions10/11€1.69M€1.69M=
Capital10€1.69M€1.69M=
Issued capital100€1.69M€1.69M=
Outside capital11€0-
Other1109/19€0-
Revaluation surpluses12€456k€347k▼
Reserves13€721k€855k▲
Non-distributable reserves130/1€163k€178k▲
Legal reserve130€128k€142k▲
Other1319€35k€35k=
Tax-exempt reserves132€534k€654k▲
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€44k€277k▲
Investment grants15€112k€87k▼
Provisions and deferred taxes16€278k€240k▼
Provisions for liabilities and charges160/5€100k€22k▼
Other liabilities and charges164/5€100k€22k▼
Deferred taxes168€178k€218k▲
Amounts payable17/49€1.15M€794k▼
Amounts payable after more than one year17€964k€610k▼
Financial debts170/4€948k€594k▼
Other amounts payable178/9€16k€16k▼
Amounts payable within one year42/48€176k€172k▼
Trade debts44€106k€60k▼
Suppliers440/4€106k€60k▼
Advances received on contracts in progress46-€10k
Taxes, remuneration and social security45€10k€45k▲
Taxes450/3€10k€45k▲
Other amounts payable47/48€59k€57k▼
Accrued charges and deferred income492/3€11k€11k▲
Income statement
Code20232024
Non-recurring operating income76A-€322k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€536k€437k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k€-4k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-90k
Other operating charges640/8€137k€131k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€661k€976k▲
Operating profit (loss)9901€-30k€503k▲
Financial income75/76B€30k€37k▲
Recurring financial income75€26k€34k▲
Non-recurring financial income76B€4k€3k▼
Financial charges65/66B€21k€15k▼
Recurring financial charges65€21k€15k▼
Profit (loss) for the period before taxes9903€-21k€526k▲
Transfer from deferred taxes780€28k€28k▲
Transfer to deferred taxes680-€68k
Income taxes67/77€334€74k▲
Profit (loss) for the period9904€7k€412k▲
Transfer from tax-exempt reserves789€84k€85k▲
Transfer to tax-exempt reserves689-€205k
Profit (loss) for the period to be appropriated9905€91k€292k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€336k▲
Profit (loss) brought forward from the previous period14P€-7k€44k▲
Transfer to equity691/2€5k€15k▲
To the legal reserve6920€5k€15k▲
Profit to be distributed694/7€35k€45k▲
Return on contributions (dividend)694€35k€45k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €412k ▲5830%
Operating result €503k, net result €412k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.25
Current ratio from 2.58 to 6.25; short-term debt falls from €176k to €172k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €136k
Net result €136k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.14
Current ratio from 0.53 to 2.14; short-term debt falls from €391k to €296k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-111k ▼155%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are 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, Drogenbos · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenweg op Ruisbroek 2901620 DrogenbosGround area
4,543 m²
Building footprint
5,480 m²
Volume, LiDAR
31,356 m³
Parcel 22001B0044/00R004, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenweg op Ruisbroek 290, 1620 Drogenbos
since 19902.001.096.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001B0044/00R004 | Flanders | 4,543 m² | 1 · 5,480 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DG Real Estate
BE 0643.569.858
Zwevegem · Eq €3.25M
ELATAN
BE 0883.928.633
Kruisem · Eq €3.26M
Knok-Estate
BE 0773.421.976
Wevelgem · Eq €3.26M
Patriven
BE 0447.429.326
Olen · Eq €3.24M
AREA REAL ESTATE
BE 0888.078.946
Ukkel · Eq €3.24M
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 2,184 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.