CIBEX
ActiveSummary
CIBEX has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.1m and a net result of €278,481. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 2159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74=
Solvency56▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.74 in 2023; short-term debt: 18.1% and cash: 1.2% of total assets), and 68.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
31.3%
Return on assets
4.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2159 sector peers (2024).
NBB · sector comparisonPosition among 2159 sector peers
Solvency
better than 24%
← weakest
strongest →
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 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
85 d late
2022
40 d early
2021
26 d late
2020
39 d early
2019
86 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€2.1m▲ 15.7%
2023 · €1.8m
Total assets
€6.6m▼ 8.2%
2023 · €7.2m
Net result
€278,481▼ 9.7%
2023 · €308,280
Working capital
-€530,488▼ 39.0%
2023 · -€381,718
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€278,001▲ 68.8%€174,370▼ 37.3%€438,467▲ 151%€454,658▲ 3.7%€467,402▲ 2.8%
Net result€174,886above the sector's middle half▲ 75.3%€108,542above the sector's middle half▼ 37.9%€341,673above the sector's middle half▲ 215%€308,280above the sector's middle half▼ 9.8%€278,481within the sector's middle half▼ 9.7%
Equity€1.0mabove the sector's middle half▲ 20.8%€1.1mabove the sector's middle half▲ 10.7%€1.5mabove the sector's middle half▲ 30.4%€1.8mabove the sector's middle half▲ 21.0%€2.1mabove the sector's middle half▲ 15.7%
Total assets€4.6mabove the sector's middle half▲ 1.3%€5.5mabove the sector's middle half▲ 17.8%€7.4mabove the sector's middle half▲ 35.6%€7.2mabove the sector's middle half▼ 3.6%€6.6mabove the sector's middle half▼ 8.2%
Debt€3.4m▼ 2.4%€4.1m▲ 23.3%€5.8m▲ 40.0%€5.3m▼ 9.4%€4.4m▼ 15.4%
Working capital-€429,698below the sector's middle half▲ 68.1%-€1.0mbelow the sector's middle half▼ 140%-€699,364below the sector's middle half▲ 32.2%-€381,718below the sector's middle half▲ 45.4%-€530,488below the sector's middle half▼ 39.0%
Solvency21.8%below the sector's middle half▲ 3.5pp20.5%below the sector's middle half▼ 1.3pp19.7%below the sector's middle half▼ 0.8pp24.8%below the sector's middle half▲ 5.1pp31.3%below the sector's middle half▲ 6.5pp
Current ratio0.55below the sector's middle half▲ 0.310.30below the sector's middle half▼ 0.250.65below the sector's middle half▲ 0.350.74below the sector's middle half▲ 0.090.55below the sector's middle half▼ 0.19
Return on assets (ROA)3.8%below the sector's middle half▲ 1.6pp2.0%below the sector's middle half▼ 1.8pp4.6%within the sector's middle half▲ 2.6pp4.3%below the sector's middle half▼ 0.3pp4.2%below the sector's middle half▼ 0.1pp
Staff (FTE)0.7within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +215% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.6m
Fixed assets
€5.9m ▼ 2.3%
Current assets
€660,597 ▼ 40.4%
Equity and liabilities €6.6m
Equity
€2.1m ▲ 15.7%
Provisions
€71,904 ▼ 44.8%
Debt
€4.4m ▼ 15.4%
Debt's share of the balance-sheet total falls from 73.4% to 67.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€839,301▲
2023 · €816,571
Cash flow
€650,379▼
2023 · €670,192
Debt to equity
2.16▼
2023 · 2.96
ROE
13.6%▼
2023 · 17.4%
Interest coverage
8.05▲
2023 · 7.46
Debt ≤ 1 year
€1.2m▼
2023 · €1.5m
Debt > 1 year
€3.2m▼
2023 · €3.7m
Income taxes
€86,768▲
2023 · €18,936
Staff costs
€14,973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €42,160 | - | €90,469 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €14,973 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €244,345 | €241,964 | €307,035 | €361,912 | €371,898 | ▲ 2.8% |
| Other operating charges640/8 | - | €4,871 | €25,300 | €4,377 | €9,123 | ▲ 108% |
| Non-recurring operating charges66A | - | €288,426 | - | €61,810 | - | - |
| Gross operating margin9900 | €579,746 | €709,631 | €770,802 | €882,757 | €863,396 | ▼ 2.2% |
| Operating profit (loss)9901 | €278,001 | €174,370 | €438,467 | €454,658 | €467,402 | ▲ 2.8% |
| Financial income75/76B | - | €10,215 | €13 | €0 | €139 | ▲ 32,253% |
| Recurring financial income75 | €14,711 | €10,215 | €13 | €0 | €139 | ▲ 32,253% |
| Financial charges65/66B | - | €79,229 | €99,990 | €109,424 | €104,268 | ▼ 4.7% |
| Recurring financial charges65 | €108,387 | €79,229 | €99,990 | €109,424 | €104,268 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €184,324 | €105,356 | €338,489 | €345,235 | €363,273 | ▲ 5.2% |
| Transfer from deferred taxes780 | - | €3,333 | €3,333 | €4,598 | €1,975 | ▼ 57.0% |
| Transfer to deferred taxes680 | - | - | - | €22,617 | - | - |
| Income taxes67/77 | €149 | €146 | €149 | €18,936 | €86,768 | ▲ 358% |
| Profit (loss) for the period9904 | €174,886 | €108,542 | €341,673 | €308,280 | €278,481 | ▼ 9.7% |
| Transfer from tax-exempt reserves789 | - | €9,999 | €9,999 | €13,795 | €5,925 | ▼ 57.0% |
| Transfer to tax-exempt reserves689 | - | - | - | €67,851 | - | - |
| Profit (loss) for the period to be appropriated9905 | €147,018 | €118,541 | €351,672 | €254,223 | €284,406 | ▲ 11.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.6m | €5.5m | €7.4m | €7.2m | €6.6m | ▼ 8.2% |
| Fixed assets21/28 | €4.1m | €5.0m | €6.1m | €6.0m | €5.9m | ▼ 2.3% |
| Tangible fixed assets22/27 | €4.1m | €5.0m | €6.1m | €6.0m | €5.9m | ▼ 2.3% |
| Land and buildings22 | - | €5.0m | €6.1m | €6.0m | €5.9m | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €1,228 | €1,597 | €1,227 | €535 | ▼ 56.4% |
| Furniture and vehicles24 | - | €45,962 | €42,520 | €29,752 | €13,553 | ▼ 54.4% |
| Current assets29/58 | €535,877 | €448,456 | €1.3m | €1.1m | €660,597 | ▼ 40.4% |
| Amounts receivable after more than one year29 | - | €254,042 | €533,042 | €811,042 | €511,042 | ▼ 37.0% |
| Other amounts receivable291 | - | €254,042 | €533,042 | €811,042 | €511,042 | ▼ 37.0% |
| Amounts receivable within one year40/41 | €48,144 | €52,855 | €52,486 | €52,486 | €67,718 | ▲ 29.0% |
| Trade receivables40 | - | €330 | - | - | - | - |
| Other amounts receivable41 | - | €52,525 | €52,486 | €52,486 | €67,718 | ▲ 29.0% |
| Cash at bank and in hand54/58 | €131,611 | €140,339 | €734,810 | €243,680 | €80,682 | ▼ 66.9% |
| Deferred charges and accrued income490/1 | - | €1,219 | €1,123 | €1,552 | €1,154 | ▼ 25.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.6m | €5.5m | €7.4m | €7.2m | €6.6m | ▼ 8.2% |
| Equity10/15 | €1.0m | €1.1m | €1.5m | €1.8m | €2.1m | ▲ 15.7% |
| Contributions10/11 | €491,387 | €491,387 | €491,387 | €491,387 | €491,387 | = |
| Capital10 | - | €491,387 | €491,387 | €491,387 | €491,387 | = |
| Issued capital100 | - | €491,387 | €491,387 | €491,387 | €491,387 | = |
| Revaluation surpluses12 | - | €26,574 | €26,574 | €26,574 | €26,574 | = |
| Reserves13 | €83,253 | €73,254 | €63,255 | €117,312 | €111,387 | ▼ 5.1% |
| Non-distributable reserves130/1 | - | €49,139 | €49,139 | €49,139 | €49,139 | = |
| Legal reserve130 | - | €49,139 | €49,139 | €49,139 | €49,139 | = |
| Tax-exempt reserves132 | - | €17,869 | €7,870 | €61,926 | €56,001 | ▼ 9.6% |
| Distributable reserves133 | - | €6,247 | €6,247 | €6,247 | €6,247 | = |
| Profit (loss) carried forward14 | €414,497 | €533,038 | €884,710 | €1.1m | €1.4m | ▲ 25.0% |
| Provisions and deferred taxes16 | €275,083 | €211,796 | €161,315 | €130,231 | €71,904 | ▼ 44.8% |
| Provisions for liabilities and charges160/5 | - | €205,840 | €158,692 | €109,589 | €53,237 | ▼ 51.4% |
| Other liabilities and charges164/5 | - | €205,840 | €158,692 | €109,589 | €53,237 | ▼ 51.4% |
| Deferred taxes168 | - | €5,956 | €2,623 | €20,642 | €18,667 | ▼ 9.6% |
| Amounts payable17/49 | €3.4m | €4.1m | €5.8m | €5.3m | €4.4m | ▼ 15.4% |
| Amounts payable after more than one year17 | €2.2m | €2.6m | €3.8m | €3.7m | €3.2m | ▼ 13.4% |
| Financial debts170/4 | - | €2.6m | €3.8m | €3.7m | €291,519 | ▼ 92.2% |
| Advances received on contracts in progress176 | - | - | - | - | €2.8m | - |
| Other amounts payable178/9 | - | - | - | - | €195,500 | - |
| Amounts payable within one year42/48 | €965,575 | €1.5m | €2.0m | €1.5m | €1.2m | ▼ 20.1% |
| Current portion of amounts payable after more than one year42 | - | €150,516 | €254,702 | €228,008 | €228,481 | ▲ 0.2% |
| Financial debts43 | - | €435,000 | €1.2m | €1.2m | €815,000 | ▼ 29.1% |
| Other loans439 | - | €435,000 | €1.2m | €1.2m | €815,000 | ▼ 29.1% |
| Trade debts44 | €286,525 | €409,374 | €402,912 | €26,473 | €21,852 | ▼ 17.5% |
| Suppliers440/4 | - | €409,374 | €402,912 | €26,473 | €21,852 | ▼ 17.5% |
| Taxes, remuneration and social security45 | - | €296 | €149 | €19,085 | €19,644 | ▲ 2.9% |
| Taxes450/3 | - | €296 | €149 | €19,085 | €19,644 | ▲ 2.9% |
| Other amounts payable47/48 | - | €484,295 | €213,062 | €66,912 | €106,107 | ▲ 58.6% |
| Accrued charges and deferred income492/3 | - | €47,654 | €14,068 | €14,068 | €8,439 | ▼ 40.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €174,886 | €108,542 | €341,673 | €308,280 | €278,481 | ▼ 9.7% |
| + Depreciation and write-downs630 | €244,345 | €241,964 | €307,035 | €361,912 | €371,898 | ▲ 2.8% |
| Operating cash flow (approximation) | €419,231 | €350,506 | €648,708 | €670,192 | €650,379 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€1.4m | -€304,987 | -€232,347 | ▲ 23.8% |
| Change in cash | - | €8,728 | €594,470 | -€491,129 | -€162,999 | ▲ 66.8% |
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
10-07
State Gazette act
Reappointments: Sam Spillemaeckers, Daan Spillemaeckers and 2 others5 facts ▸
State Gazette act
Reappointments: Sam Spillemaeckers, Daan Spillemaeckers and 2 others
5 facts ▸
- General meeting, 04-05-2026
- Director reappointment, Sam Spillemaeckers (non-statutory director)
- Director reappointment, Daan Spillemaeckers (non-statutory director)
- Director reappointment, Filip Spillemaeckers (non-statutory director)
- Director reappointment, Lynn Spillemaeckers (non-statutory director)
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2mEq €2.1m ▲15.7%
7 profitable years in a row build equity to €2.1m.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 85 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €341,673 ▲215%
Net result €341,673, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1mEq €1.0m ▲20.8%
3 profitable years in a row build equity to €1.0m.
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26088720). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Daan Spillemaeckers
CurrentNon-statutory director · since 05-02-2026
Filip Spillemaeckers
CurrentNon-statutory director · since 05-02-2026
Lynn Spillemaeckers
CurrentNon-statutory director · since 05-02-2026
Sam Spillemaeckers
CurrentNon-statutory director · since 05-02-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1984
Ground area
1,533 m²
Building footprint
1,304 m²
Parcel 11343A0599/00G029, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Lakborslei 231, 2100 Antwerpen
since 19842.024.792.648
De Gilmanstraat 32, 2100 Antwerpen
since 19842.024.792.747
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11343A0599/00G029 | Flanders | 1,532 m² | 1 · 1,304 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.
Mandate history
4 people since 2026, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Daan Spillemaeckers |
|
| Filip Spillemaeckers |
|
| Lynn Spillemaeckers |
|
| Sam Spillemaeckers |
|
Structure & network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,106 EUR awarded · 1,106 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 555 EUR | 555 EUR |
| 2023 | 1 | 130 EUR | 130 EUR |
| 2022 | 1 | 421 EUR | 421 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300185T522VTSYD06
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Of 9,130 companies in sector 86210 we hold annual accounts for 6,336. 2,898 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-05-1984
Fiscal year end31-12
Activities, NACEBEL 2025
86210General medical practice
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425882161
Also
9925:BE0425882161
Registered
09-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.