CIBELCO
ActiveSummary
CIBELCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of CIBELCO were filed more than 90 days after the deadline. The 2023 annual accounts show equity of €125,280 and a net result of €49,904. Equity is growing by ~60.4% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Filed more than 90 days late
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2026, 334 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
334 d late
2023
30 d late
2022
31 d late
2021
29 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 91 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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 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 What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
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.
Financials · fiscal year 2023, abbreviated schema, 2024 accounts filed, figures not processed yet
Equity
€125,280▲ 66.2%
2022 · €75,376
Net result
€49,904▲ 66.6%
2022 · €29,946
Total assets
€152,533▲ 70.8%
2022 · €89,321
Solvency
82.1%▼ 2.3pp
2022 · 84.4%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result€42,894-€20,056▼ 53.2%€44,657▲ 123%€75,247▲ 68.5%
Net result€28,595within the sector's middle half-€15,585within the sector's middle half▼ 45.5%€29,946within the sector's middle half▲ 92.1%€49,904within the sector's middle half▲ 66.6%
Equity€33,595below the sector's middle half-€45,430below the sector's middle half▲ 35.2%€75,376below the sector's middle half▲ 65.9%€125,280below the sector's middle half▲ 66.2%
Total assets€50,181below the sector's middle half-€65,684below the sector's middle half▲ 30.9%€89,321below the sector's middle half▲ 36.0%€152,533below the sector's middle half▲ 70.8%
Debt€16,586-€20,254▲ 22.1%€13,945▼ 31.1%€27,253▲ 95.4%
Working capital€33,490within the sector's middle half-€45,325within the sector's middle half▲ 35.3%€73,174within the sector's middle half▲ 61.4%€122,705within the sector's middle half▲ 67.7%
Solvency66.9%within the sector's middle half-69.2%within the sector's middle half▲ 2.2pp84.4%above the sector's middle half▲ 15.2pp82.1%above the sector's middle half▼ 2.3pp
Current ratio3.02within the sector's middle half-3.24above the sector's middle half▲ 0.226.25above the sector's middle half▲ 3.015.63above the sector's middle half▼ 0.62
Return on assets (ROA)57.0%above the sector's middle half-23.7%above the sector's middle half▼ 33.3pp33.5%above the sector's middle half▲ 9.8pp32.7%above the sector's middle half▼ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 68% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €152,533
Fixed assets
€3,332 ▲ 51.3%
Current assets
€149,201 ▲ 71.3%
Equity and liabilities €152,533
Equity
€125,280 ▲ 66.2%
Debt
€27,253 ▲ 95.4%
Debt's share of the balance-sheet total rises from 15.6% to 17.9%. Equity and debt are higher.
Key figures and ratios
ROE
39.8%▲
2022 · 39.7%
Debt ≤ 1 year
€26,496▲
2022 · €13,945
Income taxes
€25,846▲
2022 · €15,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €178 | €455 | ▲ 156% |
| Other operating charges640/8 | - | €62 | €62 | €62 | = |
| Gross operating margin9900 | €42,894 | €20,118 | €44,897 | €75,764 | ▲ 68.8% |
| Operating profit (loss)9901 | €42,894 | €20,056 | €44,657 | €75,247 | ▲ 68.5% |
| Financial income75/76B | - | €905 | €1,219 | €879 | ▼ 27.9% |
| Recurring financial income75 | €322 | €905 | €1,219 | €879 | ▼ 27.9% |
| Financial charges65/66B | - | €90 | €231 | €376 | ▲ 62.8% |
| Recurring financial charges65 | €130 | €90 | €231 | €376 | ▲ 62.8% |
| Profit (loss) for the period before taxes9903 | €43,086 | €20,871 | €45,645 | €75,750 | ▲ 66.0% |
| Income taxes67/77 | €14,491 | €5,286 | €15,699 | €25,846 | ▲ 64.6% |
| Profit (loss) for the period9904 | €28,595 | €15,585 | €29,946 | €49,904 | ▲ 66.6% |
| Profit (loss) for the period to be appropriated9905 | €28,595 | €15,585 | €29,946 | €49,904 | ▲ 66.6% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €50,181 | €65,684 | €89,321 | €152,533 | ▲ 70.8% |
| Fixed assets21/28 | €105 | €105 | €2,202 | €3,332 | ▲ 51.3% |
| Tangible fixed assets22/27 | - | - | €2,097 | €3,227 | ▲ 53.9% |
| Furniture and vehicles24 | - | - | €2,097 | €3,227 | ▲ 53.9% |
| Financial fixed assets28 | €105 | €105 | €105 | €105 | = |
| Current assets29/58 | €50,076 | €65,579 | €87,119 | €149,201 | ▲ 71.3% |
| Amounts receivable within one year40/41 | €16,760 | €27,396 | €24,501 | €47,117 | ▲ 92.3% |
| Trade receivables40 | - | - | €9,256 | €26,153 | ▲ 183% |
| Other amounts receivable41 | - | €27,396 | €15,245 | €20,964 | ▲ 37.5% |
| Cash at bank and in hand54/58 | €33,076 | €37,694 | €62,010 | €101,256 | ▲ 63.3% |
| Deferred charges and accrued income490/1 | - | €489 | €608 | €828 | ▲ 36.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €50,181 | €65,684 | €89,321 | €152,533 | ▲ 70.8% |
| Equity10/15 | €33,595 | €45,430 | €75,376 | €125,280 | ▲ 66.2% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €28,595 | €40,430 | €70,376 | €120,280 | ▲ 70.9% |
| Distributable reserves133 | - | €40,430 | €70,376 | €120,280 | ▲ 70.9% |
| Amounts payable17/49 | €16,586 | €20,254 | €13,945 | €27,253 | ▲ 95.4% |
| Amounts payable within one year42/48 | €16,586 | €20,254 | €13,945 | €26,496 | ▲ 90.0% |
| Trade debts44 | €2,084 | €16,379 | €1,480 | €8,853 | ▲ 498% |
| Suppliers440/4 | - | €16,379 | €1,480 | €8,853 | ▲ 498% |
| Taxes, remuneration and social security45 | - | €125 | €12,465 | €17,643 | ▲ 41.5% |
| Taxes450/3 | - | €125 | €12,465 | €17,643 | ▲ 41.5% |
| Other amounts payable47/48 | - | €3,750 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €757 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,595 | €15,585 | €29,946 | €49,904 | ▲ 66.6% |
| + Depreciation and write-downs630 | - | - | €178 | €455 | ▲ 156% |
| Operating cash flow (approximation) | €28,595 | €15,585 | €30,124 | €50,359 | ▲ 67.2% |
| Investment in fixed assets (approximation) | - | €0 | -€2,275 | -€1,585 | ▲ 30.3% |
| Change in cash | - | €4,618 | €24,316 | €39,246 | ▲ 61.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 334 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €49,904 ▲66.6%
Operating result €75,247, net result €49,904, both a record.
31-12
Financial
Equity above €100,000Eq €125,280 ▲66.2%
4 profitable years in a row build equity to €125,280.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €15,585 ▼45.5%
Net result drops to €15,585, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
For 1 act no text is available yet, so it cannot be read yet.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2020
Ground area
501 m²
Parcel 71462D0717/00D000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Cibelco
since 20202.301.260.464
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462D0717/00D000 | Flanders | 500 m² | - | - |
Linked by address, not proof of ownership
Good to know
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
ACTA CONSULTING
BE 0728.594.714
Kortrijk · Eq €125,277
Z.I.G.
BE 0452.402.951
Westerlo · Eq €125,299
NVPL
BE 1005.632.355
Antwerpen · Eq €125,344
DBF Forwarding and Warehousing
BE 0746.845.659
Kluisbergen · Eq €125,347
CADILOU
BE 1011.775.029
Wavre · Eq €125,181
Of 24,721 companies in this sector we hold annual accounts for 19,804. 12,884 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
Contact
E-mail
christophebelien@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745856160
Also
9925:BE0745856160
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.