Skip to content

CIACO

Active
Cooperative companyfounded 197056 yrs activeGrand-Rue 2, 1348 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0407.236.187
Summary

CIACO has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €393,850 and a net result of -€171,482. Equity is shrinking by ~15% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 29% of 355 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Risk analysisWatch ReportCompare
CIACOActiveChecked score 62/100
Risk analysis ReportCompare

Overview

Activity
Other printing
NACE 18120Manufacture of rubber and plastic products NACE 22220NACE 47620
#3 oldest company in Walloon Brabant, Printing sector4 sites
Size
€4.9mturnover 2025
Staff
25.9 FTE
Equity
€393,850
Loss
-€171,482
Financial health
62 Healthy Checked score 2025
Bankruptcy chance 12 m
1.5%
Structure
Accounts 17 d early0 of 20 deeds read
Why 62- Loss of €171,482, the second in a row (FY 2025)- Equity €393,850 (19.0% of total assets)- Size: turnover €4.9m, 25.9 FTE, total assets €2.1m- Sector Printing and reproduction of recorded media (NACE 18)Show the evidence

Checked score

Score 2025
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 28% of its sector peers (NACE 18, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 44-7
equity 19.0% of total assets
Liquidity 32-1
short-term debt 64.5% · cash 13.0%
Profitability 25+21
return on assets -8.3%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (137 companies)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● 0.0% vs 11-2024 01-2025: 1.1%● 0.0% vs 12-2024 02-2025: 1.1%● 0.0% vs 01-2025 03-2025: 1.1%● 0.0% vs 02-2025 04-2025: 1.1%▲ +1.7% vs 03-2025 05-2025: 1.1%▲ +4.1% vs 04-2025 06-2025: 1.1%▼ -6.3% vs 05-2025lowest value 07-2025: 1.2%▲ +10.1% vs 06-2025 08-2025: 2.4%▲ +102% vs 07-2025 09-2025: 2.4%● 0.0% vs 08-2025 10-2025: 2.4%● 0.0% vs 09-2025 11-2025: 2.4%● 0.0% vs 10-2025 12-2025: 2.4%● 0.0% vs 11-2025 01-2026: 2.4%● 0.0% vs 12-2025 02-2026: 2.4%● 0.0% vs 01-2026 03-2026: 2.4%● 0.0% vs 02-2026 04-2026: 2.4%▲ +1.5% vs 03-2026 05-2026: 2.5%▲ +3.6% vs 04-2026 06-2026: 2.5%▲ +0.9% vs 05-2026highest value 07-2026: 2.5%▼ -2.1% vs 06-2026 08-2026: 1.5%▼ -41.4% vs 07-2026 09-2026: 1.5%● 0.0% vs 08-2026 10-2026: 1.5%● 0.0% vs 09-2026
  • Loss of €171,482, the second in a row (FY 2025) raises the probability
  • Equity €393,850 (19.0% of total assets) raises the probability
  • Size: turnover €4.9m, 25.9 FTE, total assets €2.1m raises the probability for this profile
  • Sector Printing and reproduction of recorded media (NACE 18) raises the probability
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.26 in 2024; short-term debt: 64.5% and cash: 13% of total assets), and 81% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 18, small). Better than this share of them on solvency 24%, liquidity 28%, profitability 20%, growth against the median 41%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Loss of €171,482, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €393,850 (19.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: turnover €4.9m, 25.9 FTE, total assets €2.1m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Sector Printing and reproduction of recorded media (NACE 18)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€171,482
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 d early
2024
8 d early
2023
4 d early
2022
3 d early
2021
on the day
2020
11 d early
2019
6 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. General meeting · Director resignationDirector reappointment · Permanent representative
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Member · DeclarationGeneral meeting · Director in…

Key points

  • Risk: 6 loss-making years in a rowloss fiscal year 2025 -€171,482 View
  • Caution: Among the weakest 5% on net resultsector median €12,254 · 355 companies -€171,482 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: Result rose in 2025from -€337,439 to -€171,482 ▲ 49.2% View
  • Active since 1970founded 01-07-1970 56 years View

By topic

Financials

Fiscal year
2025
Turnover
€4.9m
Loss
-€171,482
Solvency
19.0%
Turnover▲ 5.7%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 25-08-2026General meeting · Director resignation
  2. 14-07-2026Annual accounts filed
  3. 06-07-2026Member · Declaration
Go to Timeline

Company details

Sites
4
Legal form
Cooperative company
Activity
Other printingNACE 18120
Founded
01-07-1970
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure