Turnover
≈ €370,000 estimated
The accounts state no turnover.
CI-WAY
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €76,380 (2025)
€76,380▲ 126%
lowest -€5,539 (2022)
€6,987▲ 44.9%
peak €53,823 (2025)
€53,823▲ 14.9%
€147,586▼ 47.5%
Board8 names since 2018
1 directorCINCIUOLO SALVAORE
Documentsfilings and deeds
29-10-202690 days late
2025abbreviated format
Gross margin from €33,740 to €76,380Result from €4,823 to €6,987Equity from €46,836 to €53,823Debts from €281,145 to €147,5861 establishment registeredCash from €11,211 to €17,119
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 47% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.8%highest value
01-2025: 0.8%▼ -4.0 percentage points vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.4 percentage points vs 07-2025
09-2025: 1.6%▲ +0.2 percentage points vs 08-2025
10-2025: 2.1%▲ +0.5 percentage points vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 1.2%▼ -0.9 percentage points vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.8%▲ +0.6 percentage points vs 07-2026
09-2026: 2.0%▲ +0.2 percentage points vs 08-2026
10-2026: 0.7%▼ -1.3 percentage points vs 09-2026lowest value
11-2026: 1.8%▲ +1.1 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 90 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Size: total assets €201,410
lowers risk
Founded in 1995
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 42% of them on solvency, 19% on liquidity, 57% on profitability and 67% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as CI-WAY has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CI-WAY itself is higher: 1.8% within 12 months. It rests on far more data about CI-WAY than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,984 companies, not a prediction for CI-WAY. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.35 (1.16 in 2024), below the usual 1.5. Short-term debt is 73.3% and cash 8.5% of total assets. 73.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
90 days late
2024
105 days late
2023
128 days late
2022
230 days late
2021
248 days late
2020
46 days early
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 112 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 December (4 of the last 5 accounts filed within 101 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Molenbeek-Saint-Jean to Anderlecht
New registered office: Avenue d'Itterbeek 402 boîte A, 1070 Anderlecht · Previous registered office: Rue de l'Elégie 15, 1080 Molenbeek-Saint-Jean · General meeting of 01-10-2026 · Gazette deed
New establishment in Anderlecht
LA SIGNATURE BY SALVATORE, Itterbeekse Laan 402A
First establishment
LA SIGNATURE BY SALVATORE, Sylvain Dupuislaan 433, Anderlecht
Registered office moved from Anderlecht to Molenbeek-Saint-Jean
New registered office: Rue de l'Elégie 15, 1080 Molenbeek Saint Jean · Previous registered office: Drève Olympique 15 bt23, 1070 Anderlecht · Board meeting of 20-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CI-WAY Anderlecht | €201,410 | €76,380 | 26.7% | - |
| ILE AUX FLEURS Bertrix | €222,671 | €82,100 | 61.4% | - |
| PEPINIERE DU STOQUOIS Rebecq | €246,834 | €89,001 | 57.0% | - |
| NOULETTE Anderlecht | €160,031 | €79,436 | 19.5% | - |
| FLORIST MOVAERT Woluwe-Saint-Lambert | €247,546 | €56,490 | 96.9% | - |
| CHANOU Forest | €142,987 | €60,447 | 84.0% | - |
| JARDINS JAPONAIS Molenbeek-Saint-Jean | €171,409 | €119,294 | 47.9% | - |
These companies have the same main activity as CI-WAY: retail sale of flowers, plants, seeds and fertilisers (NACE 47761). They are comparable in size and age: total assets between €143,000 and €248,000, founded between 1985 and 1996.
Official details
Source: KBO- Status
- Active since 05-07-1995Normal situation
- Activity
- Retail sale of flowers, plants, seeds and fertilisersNACE 47761and 5 others
- Establishment units
- 2.366.241.5561070 Anderlecht, since 01-10-2024
- 2.377.940.3501070 Anderlecht, since 12-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on CI-WAY
CI-WAY files the abbreviated format. That format states no turnover. The gross margin rose from €19,145 in 2006 to €76,380 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CI-WAY
- What is the company number of CI-WAY?
- The company number of CI-WAY is 0455.575.049. The VAT number is the same number with BE in front: BE 0455.575.049.
- Where is CI-WAY based?
- The registered office is at Itterbeekse Laan 402, 1070 Anderlecht.Company details
- What does CI-WAY do?
- According to the KBO register, the main activity is retail sale of flowers, plants, seeds and fertilisers (NACE 47761).
- What is the legal form of CI-WAY?
- CI-WAY is a public limited company (NV).
- When was CI-WAY founded?
- CI-WAY was founded on 05-07-1995.
- Is CI-WAY still active?
- Yes, CI-WAY is an active enterprise in the KBO register.
- How many employees does CI-WAY have?
- CI-WAY had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CI-WAY?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €76,380 and 74 comparable companies (NACE 477). It probably lies between €190,000 and €540,000.
- Is CI-WAY profitable?
- In financial year 2025, CI-WAY made a profit of €6,987.
- Where can I find the annual accounts of CI-WAY?
- CI-WAY filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CI-WAY due?
- CI-WAY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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