CIC
ActiveFrom the official registers: KBO 39 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
CIC has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,511 and a net result of €11,279. Equity has been shrinking by about 16% per year since 2019. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 05-08-1985 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.027.884.176 9840 Nazareth-De Pinte, since 05-08-1985
- Financial year end
- 30 September
- Peppol
- Reachable since 08-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €16,523
- Turnover
- ≈ €130,000
- estimated
- Profit
- €11,279
- Equity
- €41,511
- ▲ 37.3%
- Total assets
- €78,507
- ▲ 18.3%
Score breakdownraises riskNo main activity registeredlowers riskFounded in 1985Size: total assets €78,507Figures for financial year 2025 (filed on 27-03-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 46% of them on solvency, 24% on liquidity, 70% on profitability and 83% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-03-2026 PDF all 39 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a profit of €11,359, after a loss of €17,794 in 2024. It is the highest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as CIC has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CIC itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €408 | €408 | €408 | €408 | €408 | €408 | €408 | = |
| Other operating charges640/8 | - | - | €3,003 | €3,055 | €3,315 | €3,366 | €4,756 | ▲ 41.3% |
| Gross operating margin9900 | -€8,380 | -€10,920 | -€7,073 | -€11,322 | -€14,773 | -€14,020 | €16,523 | - |
| Operating profit (loss)9901 | -€11,576 | -€14,278 | -€10,483 | -€14,785 | -€18,496 | -€17,794 | €11,359 | - |
| Recurring financial income75 | - | €58 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €50 | €62 | €67 | €69 | €79 | ▲ 15.2% |
| Recurring financial charges65 | €34 | €38 | €50 | €62 | €67 | €69 | €79 | ▲ 15.2% |
| Profit (loss) for the period before taxes9903 | -€11,610 | -€14,257 | -€10,534 | -€14,847 | -€18,563 | -€17,863 | €11,279 | - |
| Profit (loss) for the period9904 | -€11,610 | -€14,257 | -€10,534 | -€14,847 | -€18,563 | -€17,863 | €11,279 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,610 | -€14,257 | -€10,534 | -€14,847 | -€18,563 | -€17,863 | €11,279 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €108,095 | €95,947 | €83,928 | €71,561 | €70,310 | €66,380 | €78,507 | ▲ 18.3% |
| Fixed assets21/28 | €67,882 | €67,474 | €67,066 | €66,658 | €66,250 | €65,842 | €65,434 | ▼ 0.6% |
| Tangible fixed assets22/27 | €67,882 | €67,474 | €67,066 | €66,658 | €66,250 | €65,842 | €65,434 | ▼ 0.6% |
| Land and buildings22 | - | - | €67,066 | €66,658 | €66,250 | €65,842 | €65,434 | ▼ 0.6% |
| Current assets29/58 | €40,213 | €28,473 | €16,862 | €4,903 | €4,060 | €538 | €13,073 | ▲ 24× |
| Amounts receivable within one year40/41 | €38,617 | €27,680 | €13,079 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €13,079 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,312 | €792 | €492 | €1,706 | €524 | €538 | €7,100 | ▲ 13× |
| Deferred charges and accrued income490/1 | - | - | €3,291 | €3,197 | €3,537 | - | €5,973 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €108,095 | €95,947 | €83,928 | €71,561 | €70,310 | €66,380 | €78,507 | ▲ 18.3% |
| Equity10/15 | €106,295 | €92,038 | €81,504 | €66,658 | €48,095 | €30,232 | €41,511 | ▲ 37.3% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €55,209 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | -€10,887 | €23,867 | €13,334 | -€1,513 | -€20,076 | -€37,939 | -€26,660 | ▲ 29.7% |
| Amounts payable17/49 | €1,800 | €3,909 | €2,424 | €4,904 | €22,216 | €36,148 | €36,996 | ▲ 2.3% |
| Amounts payable after more than one year17 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Other amounts payable178/9 | - | - | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Amounts payable within one year42/48 | - | €523 | €526 | €1,375 | €17,788 | €32,182 | €32,280 | ▲ 0.3% |
| Trade debts44 | - | €523 | €526 | €234 | - | €1,998 | €294 | ▼ 85.3% |
| Suppliers440/4 | - | - | €526 | €234 | - | €1,998 | €294 | ▼ 85.3% |
| Other amounts payable47/48 | - | - | - | €1,141 | €17,788 | €30,184 | €31,986 | ▲ 6.0% |
| Accrued charges and deferred income492/3 | - | - | €98 | €1,729 | €2,628 | €2,166 | €2,916 | ▲ 34.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,610 | -€14,257 | -€10,534 | -€14,847 | -€18,563 | -€17,863 | €11,279 | - |
| + Depreciation and write-downs630 | €408 | €408 | €408 | €408 | €408 | €408 | €408 | = |
| Operating cash flow (approximation) | -€11,202 | -€13,849 | -€10,126 | -€14,439 | -€18,155 | -€17,455 | €11,687 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€520 | -€301 | €1,215 | -€1,183 | €14 | €6,562 | ▲ 456× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 24-03-2026 | 2026-00063361 | |
| 30-09-2024 | micro format | 16-04-2025 | 2025-00073892 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00081273 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00079839 | |
| 30-09-2021 | micro format | 25-04-2022 | 2022-20014606 | |
| 30-09-2020 | micro format | 23-03-2021 | 2021-08500236 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10600169 | |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08600455 | |
| 30-09-2017 | micro format | 29-03-2018 | 2018-08400065 | |
| 30-09-2016 | abbreviated format | 24-03-2017 | 2017-07200370 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Véronique de Béthune |
|
| Bermard Michelet |
|
Network & group
CIC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CIC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-02
Gazette deed
Reappointments: Véronique de Béthune (director) and Bermard Michelet (director)3 points ▸
- General meeting, 20-03-2024
- Director reappointment, Véronique de Béthune (director)
- Director reappointment, Bermard Michelet (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44079A0178/00D000 | Flanders | 325 m² | 1 · 325 m² | 12.9 m · 3 |