CIBLE COMMUNICATION
ActiveSummary
CIBLE COMMUNICATION has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €28,808. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 49% of 718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency67▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.64 in 2024; short-term debt: 51.3% and cash: 31.2% of total assets), but 58.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
41.7%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
23 d early
2023
27 d late
2022
17 d late
2021
23 d late
2020
31 d late
2019
60 d late
← 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 20 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 17 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
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 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#8 employer in the province of Liège, Advertising and market research sector#9 oldest company in Blegny, Professional and technical services sector#10 company by total assets in Blegny, Professional and technical services sector
Turnover
€0▼ 100%
2019 · €5.4m
EBIT margin
4.2%
Net result
€28,808▼ 1.8%
2024 · €29,328
Working capital
€831,029▲ 21.5%
2024 · €684,208
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Turnover€0
Operating result€178,956€3.3m▲ 1,725%€652,054▼ 80.0%€81,503▼ 87.5%€48,703▼ 40.2%
Net result€122,466within the sector's middle half€3.2mabove the sector's middle half▲ 2,508%€1.2mabove the sector's middle half▼ 62.4%€29,328within the sector's middle half▼ 97.6%€28,808within the sector's middle half▼ 1.8%
EBIT margin
Equity€1.0mabove the sector's middle half▲ 13.4%€1.0mwithin the sector's middle half▲ 1.4%€970,625within the sector's middle half▼ 6.8%€999,215within the sector's middle half▲ 2.9%€1.0mwithin the sector's middle half▲ 2.8%
Total assets€3.0mabove the sector's middle half▲ 13.2%€3.6mabove the sector's middle half▲ 19.3%€3.1mwithin the sector's middle half▼ 13.8%€2.2mwithin the sector's middle half▼ 29.5%€2.5mwithin the sector's middle half▲ 13.2%
Debt€2.0m▲ 13.2%€2.5m▲ 28.6%€2.1m▼ 16.6%€1.2m▼ 44.4%€1.4m▲ 22.0%
Working capital€606,340above the sector's middle half▲ 13.8%€728,989above the sector's middle half▲ 20.2%€769,019above the sector's middle half▲ 5.5%€684,208above the sector's middle half▼ 11.0%€831,029within the sector's middle half▲ 21.5%
Solvency34.2%within the sector's middle half▲ 0.1pp29.1%within the sector's middle half▼ 5.1pp31.4%within the sector's middle half▲ 2.4pp45.9%within the sector's middle half▲ 14.5pp41.7%within the sector's middle half▼ 4.2pp
Current ratio1.37within the sector's middle half▼ 0.031.33within the sector's middle half▼ 0.041.42within the sector's middle half▲ 0.091.64within the sector's middle half▲ 0.231.66within the sector's middle half▲ 0.02
Return on assets (ROA)4.1%within the sector's middle half▲ 9.2pp89.2%above the sector's middle half▲ 85.1pp38.9%above the sector's middle half▼ 50.4pp1.3%within the sector's middle half▼ 37.5pp1.2%within the sector's middle half▼ 0.2pp
Staff (FTE)18.6above the sector's middle half▼ 3.6%19.8above the sector's middle half▲ 6.5%18.6above the sector's middle half▼ 6.1%18.2above the sector's middle half▼ 2.2%17.8within the sector's middle half▼ 2.2%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 40% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€367,317 ▼ 13.7%
Current assets
€2.1m ▲ 19.7%
Equity and liabilities €2.5m
Equity
€1.0m ▲ 2.8%
Provisions
€1,494 ▼ 24.9%
Debt
€1.4m ▲ 22.0%
Debt's share of the balance-sheet total rises from 54.0% to 58.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€150,479▼
2024 · €187,369
Cash flow
€130,584▼
2024 · €135,194
Quick ratio
1.58▲
2024 · 1.56
Debt to equity
1.40▲
2024 · 1.18
ROE
2.8%▼
2024 · 2.9%
Interest coverage
10.28▼
2024 · 18.40
Debt ≤ 1 year
€1.3m▲
2024 · €1.1m
Debt > 1 year
€81,816▼
2024 · €83,078
Income taxes
€7,161▼
2024 · €43,359
Staff costs
€1.3m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 14,732 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - |
| Non-recurring operating income76A | €0 | - | €577,203 | €1,350 | €55,134 | ▲ 3,984% |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €976,206 | €1.1m | €1.3m | €1.1m | €1.3m | ▲ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146,826 | €133,065 | €117,488 | €105,866 | €101,776 | ▼ 3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €28,878 | €0 | €15,238 | - |
| Other operating charges640/8 | €18,979 | €5,503 | €14,954 | €21,990 | €13,842 | ▼ 37.1% |
| Gross operating margin9900 | €1.3m | €4.5m | €2.1m | €1.3m | €1.5m | ▲ 12.0% |
| Operating profit (loss)9901 | €178,956 | €3.3m | €652,054 | €81,503 | €48,703 | ▼ 40.2% |
| Financial income75/76B | €1,407 | €32 | €600,317 | €1,365 | €1,911 | ▲ 40.0% |
| Recurring financial income75 | €1,407 | €32 | €600,317 | €1,365 | €1,911 | ▲ 40.0% |
| Financial charges65/66B | €12,500 | €16,506 | €12,065 | €10,181 | €14,645 | ▲ 43.8% |
| Recurring financial charges65 | €12,500 | €16,506 | €12,065 | €10,181 | €14,645 | ▲ 43.8% |
| Profit (loss) for the period before taxes9903 | €167,863 | €3.3m | €1.2m | €72,687 | €35,969 | ▼ 50.5% |
| Income taxes67/77 | €45,397 | €55,797 | €40,753 | €43,359 | €7,161 | ▼ 83.5% |
| Profit (loss) for the period9904 | €122,466 | €3.2m | €1.2m | €29,328 | €28,808 | ▼ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €122,466 | €3.2m | €1.2m | €29,328 | €28,808 | ▼ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.6m | €3.1m | €2.2m | €2.5m | ▲ 13.2% |
| Fixed assets21/28 | €741,972 | €610,991 | €467,560 | €425,702 | €367,317 | ▼ 13.7% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €514,663 | €428,375 | €359,931 | €317,957 | €268,198 | ▼ 15.6% |
| Land and buildings22 | €192,730 | €177,308 | €162,089 | €146,871 | €131,653 | ▼ 10.4% |
| Plant, machinery and equipment23 | €130,134 | €107,206 | €102,248 | €79,927 | €62,572 | ▼ 21.7% |
| Furniture and vehicles24 | €191,798 | €143,862 | €95,594 | €91,159 | €73,974 | ▼ 18.9% |
| Financial fixed assets28 | €227,309 | €182,616 | €107,629 | €107,745 | €99,119 | ▼ 8.0% |
| Current assets29/58 | €2.3m | €3.0m | €2.6m | €1.8m | €2.1m | ▲ 19.7% |
| Amounts receivable after more than one year29 | - | - | €15,000 | €15,000 | €15,000 | = |
| Other amounts receivable291 | - | - | €15,000 | €15,000 | €15,000 | = |
| Stocks and contracts in progress3 | €6,971 | €8,268 | €10,303 | €82,692 | €97,417 | ▲ 17.8% |
| Contracts in progress37 | €6,971 | €8,268 | €10,303 | €82,692 | €97,417 | ▲ 17.8% |
| Amounts receivable within one year40/41 | €1.7m | €2.1m | €1.5m | €698,245 | €1.2m | ▲ 70.2% |
| Trade receivables40 | €1.7m | €2.0m | €1.4m | €605,293 | €1.1m | ▲ 84.0% |
| Other amounts receivable41 | €55,457 | €64,488 | €103,034 | €92,952 | €75,080 | ▼ 19.2% |
| Cash at bank and in hand54/58 | €510,320 | €895,689 | €1.1m | €945,474 | €767,161 | ▼ 18.9% |
| Deferred charges and accrued income490/1 | €20,654 | €1,532 | €7,199 | €8,778 | €26,850 | ▲ 206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.6m | €3.1m | €2.2m | €2.5m | ▲ 13.2% |
| Equity10/15 | €1.0m | €1.0m | €970,625 | €999,215 | €1.0m | ▲ 2.8% |
| Contributions10/11 | €466,973 | €466,973 | €466,973 | €466,973 | €466,973 | = |
| Capital10 | €466,973 | €466,973 | €466,973 | €466,973 | €466,973 | = |
| Issued capital100 | €466,973 | €466,973 | €466,973 | €466,973 | €466,973 | = |
| Revaluation surpluses12 | €74,987 | €74,987 | €0 | - | - | - |
| Reserves13 | €315,697 | €315,697 | €315,697 | €315,697 | €315,697 | = |
| Non-distributable reserves130/1 | €46,697 | €46,697 | €46,697 | €46,697 | €46,697 | = |
| Legal reserve130 | €46,697 | €46,697 | €46,697 | €46,697 | €46,697 | = |
| Distributable reserves133 | €269,000 | €269,000 | €269,000 | €269,000 | €269,000 | = |
| Profit (loss) carried forward14 | €165,071 | €179,427 | €184,265 | €213,593 | €242,401 | ▲ 13.5% |
| Investment grants15 | €4,427 | €4,427 | €3,690 | €2,952 | €2,214 | ▼ 25.0% |
| Provisions and deferred taxes16 | €2,979 | €2,979 | €2,484 | €1,989 | €1,494 | ▼ 24.9% |
| Deferred taxes168 | €2,979 | €2,979 | €2,484 | €1,989 | €1,494 | ▼ 24.9% |
| Amounts payable17/49 | €2.0m | €2.5m | €2.1m | €1.2m | €1.4m | ▲ 22.0% |
| Amounts payable after more than one year17 | €247,366 | €188,686 | €122,271 | €83,078 | €81,816 | ▼ 1.5% |
| Financial debts170/4 | €247,366 | €188,686 | €122,271 | €83,078 | €81,816 | ▼ 1.5% |
| Amounts payable within one year42/48 | €1.7m | €2.2m | €1.9m | €1.1m | €1.3m | ▲ 18.6% |
| Current portion of amounts payable after more than one year42 | €138,442 | €134,208 | €99,619 | €69,192 | €93,342 | ▲ 34.9% |
| Trade debts44 | €1.2m | €1.3m | €1.1m | €688,607 | €883,706 | ▲ 28.3% |
| Suppliers440/4 | €1.2m | €1.3m | €1.1m | €688,607 | €883,706 | ▲ 28.3% |
| Taxes, remuneration and social security45 | €284,396 | €389,586 | €300,819 | €248,474 | €227,352 | ▼ 8.5% |
| Taxes450/3 | €109,434 | €164,934 | €97,506 | €57,079 | €40,027 | ▼ 29.9% |
| Remuneration and social security454/9 | €174,962 | €224,652 | €203,313 | €191,395 | €187,325 | ▼ 2.1% |
| Other amounts payable47/48 | €7,651 | €387,651 | €394,715 | €59,707 | €59,707 | = |
| Accrued charges and deferred income492/3 | €70,810 | €106,803 | €141,198 | €25,628 | €87,750 | ▲ 242% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,466 | €3.2m | €1.2m | €29,328 | €28,808 | ▼ 1.8% |
| + Depreciation and write-downs630 | €146,826 | €133,065 | €117,488 | €105,866 | €101,776 | ▼ 3.9% |
| Operating cash flow (approximation) | €269,292 | €3.3m | €1.3m | €135,194 | €130,584 | ▼ 3.4% |
| Investment in fixed assets (approximation) | - | -€2,084 | €25,943 | -€64,008 | -€43,391 | ▲ 32.2% |
| Change in cash | - | €385,368 | €156,081 | -€106,296 | -€178,313 | ▼ 67.8% |
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
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
28-01
State Gazette act
General meeting · Director resignation
2025
31-12
Financial
Equity above €1mEq €1.0m ▲2.8%
5 profitable years in a row build equity to €1.0m.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
18-09
State Gazette act
General meeting · Director reappointment
Mandate compensation
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
31-12
Financial
Highest result since 2018net €3.2m ▲2,508%
Operating result €3.3m, net result €3.2m, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Back to profitnet €122,466
Net result €122,466 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.0m ▲13.4%
Equity rises from €905,428 to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
Show earlier events
2020
31-12
Financial
Weakest financial yearnet -€135,699
Net result drops to -€135,699, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
21-01
State Gazette act
General meeting · Demerger
Capital decrease · Capital
2019
31-12
Financial
Equity above €1mEq €1.0m ▲10.4%
2 profitable years in a row build equity to €1.0m.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2013
22-04
State Gazette act
General meeting · Registered-office move
Capital increase · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Blégny · 1 establishment unit since 1997
Ground area
4,448 m²
Building footprint
993 m²
Parcel 62010F0033/00C002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Parc Artisanal de Blegny 11 1, 4671 Blégny
since 19972.069.272.393
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62010F0033/00C002 | Wallonia | 4,448 m² | 1 · 993 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.
Structure & network
Owners and holdings
3 owners · 3 holdingsChain of control
- FC2
- CIBLE COMMUNICATION
Highest known parent: FC2. The sources do not say who stands above it.
Owners 3
- FC2parentSourceaccounts FC2 202551%
- Sourceaccounts CANOPEE 202549%
-
26.71%
Holdings 3
-
100%
-
15.24%
-
15.24%
According to the 2025 annual accounts of CIBLE COMMUNICATION and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
254900CRC2X0POVQ7O67
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 1,557 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
Founded15-11-1994
Fiscal year end31-12
Abbreviation FR
CICOM
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453755607
Also
9925:BE0453755607
Registered
29-09-2025
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.