CICERCON
The computed 12-month bankruptcy probability of CICERCON is 0.7% (low). The 2024 annual accounts show negative equity (€-73k) and a net result of €-736. Equity is shrinking by ~48.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 12446 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-73k |
| Net result | €-736 |
| Better than sector | 6% |
| Active | 4 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -9.7% | 60.6% | |
| Net result | €-736 | €31k | |
| Equity | €-73k | €63k | |
| Gross operating margin | €44k | €52k | |
| Total assets | €756k | €124k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €44k |
| Net profit | €-736 |
| Cash flow | €25k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €756k |
| Equity | €-73k |
| Debt | €829k |
| of which ≤ 1y | €158k |
| of which > 1y | €671k |
| Working capital | €-138k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.12 |
| Quick ratio | 0.12 |
| Working capital ratio | -18.3% |
| Solvency | -9.7% |
| Debt / equity | -11.32 |
| Long-term debt ratio | -9.16 |
| Interest coverage | 2.26 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.1% |
| ROE | 1.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €756k |
| Fixed assets | 21/28 | €736k |
| Intangible fixed assets | 21 | €585 |
| Tangible fixed assets | 22/27 | €735k |
| Current assets | 29/58 | €20k |
| Amounts receivable within one year | 40/41 | €14k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €756k |
| Equity | 10/15 | €-73k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-78k |
| Amounts payable | 17/49 | €829k |
| Amounts payable after one year | 17 | €671k |
| Amounts payable within one year | 42/48 | €158k |
| Trade debts payable within one year | 44 | €9k |
| Income statement | ||
| Gross operating margin | 9900 | €44k |
| Operating result | 9901 | €19k |
| Financial charges | 65 | €20k |
| Result before taxes | 9903 | €-736 |
| Net result for the period | 9904 | €-736 |
| Result to be appropriated | 9905 | €-736 |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 21-02-2022 |
| Status | Active |
| Postal code | 2580 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029C0270/00Z000 | Flanders | 837 m² | 1 · 144 m² | 6.8 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
20-02-2024 Mandate of Sara El Sayad as director expired
- Sara El Sayad, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Sara El Sayad",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "end_of_term",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2023-06-30",
"evidence_quote": "Resolutie 1: Onslag van mevrouw Sara El Sayad\nEr wordt beslist om mevrouw Sara El Sayad te onslaan van haar functie als bestuurder per 30/06/2023.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "substantive_delegation",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Tom Rottiers",
"address": "Populierendreef 2 A, 2800 Mechelen",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": "0871.537.872",
"name": "KMO Business Consult BVBA",
"address": "Populierendreef 2 A, 2800 Mechelen",
"country": "BE",
"legal_form": "BVBA"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De bestuurder van Cicercon BV (BE 0782.437.236) beslist om bijzondere machten toe te kennen aan Dhr. Tom Rottiers, bestuurder van KMO Business Consult BVBA (BE0871.537.872), Populierendreef 2 A, 2800 Mechelen om over te gaan tot (i) de publicatie van het ontslag van de bestuurder in het Belgisch Sta",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-02-20",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2023-06-30",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0782.437.236",
"name_full": "CICERCON",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0871.537.872",
"org_name": "KMO Business Consult",
"person_name": null,
"org_rep_person_name": "Tom Rottiers",
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CICERCON |