CICADE

The computed 12-month bankruptcy probability of CICADE is 4.8% (elevated). The annual accounts of CICADE for financial year 2024 show a net loss of 75% of total assets and of 98% of the equity at the start of that year. The 2024 annual accounts show equity of €599 and a net result of -€26,674. Equity is shrinking by about 54% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. Its solvency ranks better than 28% of 18,735 sector peers (NACE 56, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.