CIBATI
ActiveCIBATI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-48k) and a net result of €-32k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-30
Solvency13▼-34
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.89 in 2024; short-term debt: 41.6% and cash: 3.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
-11.8%
Return on assets
-7.9%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-48k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
43 d late
2023
12 d late
2022
27 d early
2021
11 d early
2020
25 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€378k
EBIT margin
-5.8%
Net result
€-32k
2024 · €49k
2018: €10k
2019: €12k
2020: €7k
2021: €23k
2022: €12k
2023: €3k
2024: €49k
2018 → 2025
Working capital
€-131k▼ 1,013%
2024 · €-12k
2018: €16k
2019: €33k
2020: €38k
2021: €47k
2022: €-28k
2023: €-12k
2024: €-12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€378k
Equity€76k-€88k▲ 16.2%€92k▲ 3.8%€92k=€-48k
Operating result€39k-€23k▼ 41.8%€14k▼ 36.1%€60k▲ 316%€-22k
Net result€23k-€12k▼ 46.9%€3k▼ 72.7%€49k▲ 1,357%€-32k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €60k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404k
Fixed assets
€367k▲ 19.0%
Current assets
€36k▼ 63.2%
Key figures and ratios
EBITDA
€26k
Cash flow
€16k
Solvency
-11.8%▼
2024 · 22.5%
Current ratio
0.22▼
2024 · 0.89
Quick ratio
0.16▼
2024 · 0.58
Debt / equity
-9.47▼
2024 · 3.45
ROA
-7.9%▼
2024 · 12.0%
Interest coverage
2.67
Debt
€451k▲
2024 · €316k
Debt ≤ 1 year
€168k▲
2024 · €111k
Debt > 1 year
€283k▲
2024 · €205k
Income taxes
€201▼
2024 · €4k
Staff costs
€192k▲
2024 · €135k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€407k€404k▼
Fixed assets21/28€309k€367k▲
Tangible fixed assets22/27€309k€217k▼
Land and buildings22€174k€158k▼
Plant, machinery and equipment23€30k€7k▼
Furniture and vehicles24€105k€53k▼
Financial fixed assets28-€150k
Current assets29/58€99k€36k▼
Stocks and contracts in progress3€35k€10k▼
Stocks30/36€35k€10k▼
Amounts receivable within one year40/41€63k€10k▼
Trade receivables40€57k€3k▼
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€1k€13k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€407k€404k▼
Equity10/15€92k€-48k▼
Contributions10/11€19k€19k=
Reserves13€5k€5k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€3k€5k▲
Profit (loss) carried forward14€68k€-71k▼
Amounts payable17/49€316k€451k▲
Amounts payable after more than one year17€205k€283k▲
Financial debts170/4€205k€283k▲
Amounts payable within one year42/48€111k€168k▲
Current portion of amounts payable after more than one year42€29k€32k▲
Trade debts44€11k€18k▲
Suppliers440/4€11k€18k▲
Taxes, remuneration and social security45€28k€25k▼
Taxes450/3€14k€3k▼
Remuneration and social security454/9€13k€22k▲
Other amounts payable47/48€43k€93k▲
Income statement
Code20242025
Turnover70-€378k
Non-recurring operating income76A€13k-
Goods, raw materials, services and sundry goods60/61-€217k
Remuneration, social security and pensions62€135k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€48k
Other operating charges640/8€8k€9k▲
Non-recurring operating charges66A€2k€2k▲
Gross operating margin9900€204k€229k▲
Operating profit (loss)9901€60k€-22k▼
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€53k€-32k▼
Income taxes67/77€4k€201▼
Profit (loss) for the period9904€49k€-32k▼
Profit (loss) for the period to be appropriated9905€49k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€-71k▼
Profit (loss) brought forward from the previous period14P€19k€-40k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet €-32k ▼165%
Net result drops to €-32k, the lowest in the series.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-12
Financial
Highest result since 2018net €49k ▲1357%
Operating result €60k, net result €49k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Frameries · 1 establishment unit since 2008
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.
Avenue de la Résistance 307080 FrameriesGround area
2,239 m²
Building footprint
173 m²
Volume, LiDAR
1,070 m³
Parcel 53025B0591/00D000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CIBATI
since 20082.170.119.731
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53025B0591/00D000 | Wallonia | 2,239 m² | 1 · 173 m² | 7.7 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.
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ETABLISSEMENTS RENAUD
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NADORTOIT
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DZP
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Of 11,137 companies in sector 43910 we hold annual accounts for 5,487. 4,809 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-2008
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.