CIEFFE
ActiveSummary
CIEFFE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152k and a net result of €26k. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-1
Solvency85▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 1.8 in 2024; short-term debt: 29.6% and cash: 27.8% of total assets), and 40.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 2025Solvency, return and age of the figures
Solvency
59.6%
Return on assets
10.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
37 d early
2023
37 d early
2022
45 d early
2021
40 d early
2020
11 d early
2019
15 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€152k▲ 20.8%
2024 · €126k
2018: €16k
2019: €31k▲ +95.9% vs 2018
2020: €13k▼ -58.0% vs 2019lowest in 8 years
2021: €22k▲ +69.3% vs 2020
2022: €53k▲ +137% vs 2021
2023: €96k▲ +82.2% vs 2022
2024: €126k▲ +30.7% vs 2023
2025: €152k▲ +20.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€255k=
2024 · €255k
2018: €240k
2019: €262k▲ +9.0% vs 2018
2020: €231k▼ -11.7% vs 2019lowest in 8 years
2021: €284k▲ +22.8% vs 2020highest in 8 years
2022: €265k▼ -6.6% vs 2021
2023: €256k▼ -3.6% vs 2022
2024: €255k▼ -0.2% vs 2023
2025: €255k● -0.0% vs 2024
2018 → 2025
Net result
€26k▼ 11.6%
2024 · €30k
2018: €20k
2019: €15k▼ -21.7% vs 2018
2020: €-18k▼ -218% vs 2019lowest in 8 years
2021: €9k▲ +150% vs 2020
2022: €31k▲ +234% vs 2021
2023: €43k▲ +42.2% vs 2022highest in 8 years
2024: €30k▼ -31.8% vs 2023
2025: €26k▼ -11.6% vs 2024
2018 → 2025
Working capital
€82k▲ 38.8%
2024 · €59k
2018: €11k
2019: €7k▼ -38.2% vs 2018
2020: €-4k▼ -153% vs 2019lowest in 8 years
2021: €7k▲ +279% vs 2020
2022: €38k▲ +469% vs 2021
2023: €35k▼ -7.8% vs 2022
2024: €59k▲ +70.7% vs 2023
2025: €82k▲ +38.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€53k▲ 137%€96k▲ 82.2%€126k▲ 30.7%€152k▲ 20.8%
2021: €22klowest in 5 years
2022: €53k▲ +137% vs 2021
2023: €96k▲ +82.2% vs 2022
2024: €126k▲ +30.7% vs 2023
2025: €152k▲ +20.8% vs 2024highest in 5 years
Operating result€20k-€35k▲ 80.5%€65k▲ 83.4%€51k▼ 21.3%€42k▼ 17.5%
2021: €20klowest in 5 years
2022: €35k▲ +80.5% vs 2021
2023: €65k▲ +83.4% vs 2022highest in 5 years
2024: €51k▼ -21.3% vs 2023
2025: €42k▼ -17.5% vs 2024
Net result€9k-€31k▲ 234%€43k▲ 42.2%€30k▼ 31.8%€26k▼ 11.6%
2021: €9klowest in 5 years
2022: €31k▲ +234% vs 2021
2023: €43k▲ +42.2% vs 2022highest in 5 years
2024: €30k▼ -31.8% vs 2023
2025: €26k▼ -11.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255k
Fixed assets
€98k ▼ 20.0%
Current assets
€157k ▲ 18.3%
Equity and liabilities €255k
Equity
€152k ▲ 20.8%
Debt
€103k ▼ 20.3%
Debt's share of the balance-sheet total falls from 50.6% to 40.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▼
2024 · €82k
Cash flow
€57k▼
2024 · €61k
Current ratio
2.09▲
2024 · 1.80
Quick ratio
1.94▲
2024 · 1.62
Debt to equity
0.68▼
2024 · 1.03
ROE
17.2%▼
2024 · 23.5%
ROA
10.3%▼
2024 · 11.6%
Interest coverage
13.27▲
2024 · 9.63
Debt ≤ 1 year
€75k▲
2024 · €74k
Debt > 1 year
€28k▼
2024 · €55k
Income taxes
€10k▼
2024 · €13k
Staff costs
€114k▼
2024 · €131k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€255k€255k=
Fixed assets21/28€122k€98k▼
Tangible fixed assets22/27€121k€97k▼
Land and buildings22€71k€56k▼
Plant, machinery and equipment23€34k€33k▼
Furniture and vehicles24€16k€8k▼
Financial fixed assets28€850€850=
Current assets29/58€133k€157k▲
Stocks and contracts in progress3€13k€11k▼
Stocks30/36€13k€11k▼
Amounts receivable within one year40/41€29k€67k▲
Trade receivables40€15k€32k▲
Other amounts receivable41€13k€35k▲
Cash at bank and in hand54/58€86k€71k▼
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€255k€255k=
Equity10/15€126k€152k▲
Contributions10/11€6k€6k=
Reserves13€14k€14k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€12k€12k=
Profit (loss) carried forward14€106k€132k▲
Amounts payable17/49€129k€103k▼
Amounts payable after more than one year17€55k€28k▼
Financial debts170/4€55k€28k▼
Amounts payable within one year42/48€74k€75k▲
Current portion of amounts payable after more than one year42€28k€28k▲
Trade debts44€25k€33k▲
Suppliers440/4€25k€33k▲
Taxes, remuneration and social security45€21k€14k▼
Taxes450/3€21k€14k▼
Income statement
Code20242025
Remuneration, social security and pensions62€131k€114k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▲
Other operating charges640/8€3k€427▼
Gross operating margin9900€217k€188k▼
Operating profit (loss)9901€51k€42k▼
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€43k€37k▼
Income taxes67/77€13k€10k▼
Profit (loss) for the period9904€30k€26k▼
Profit (loss) for the period to be appropriated9905€30k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€106k€132k▲
Profit (loss) brought forward from the previous period14P€76k€106k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | - | - | - |
| Remuneration, social security and pensions62 | €82k | €108k | €127k | €131k | €114k | ▼ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €33k | €33k | €31k | €31k | ▲ 0.6% |
| Other operating charges640/8 | €2k | €2k | €4k | €3k | €427 | ▼ 87.5% |
| Gross operating margin9900 | €134k | €178k | €229k | €217k | €188k | ▼ 13.4% |
| Operating profit (loss)9901 | €20k | €35k | €65k | €51k | €42k | ▼ 17.5% |
| Financial income75/76B | - | - | €122 | - | €4 | - |
| Recurring financial income75 | - | - | €122 | - | €4 | - |
| Financial charges65/66B | €10k | €5k | €8k | €9k | €6k | ▼ 35.2% |
| Recurring financial charges65 | €10k | €5k | €8k | €9k | €6k | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | €9k | €31k | €57k | €43k | €37k | ▼ 14.0% |
| Income taxes67/77 | €234 | €360 | €13k | €13k | €10k | ▼ 19.5% |
| Profit (loss) for the period9904 | €9k | €31k | €43k | €30k | €26k | ▼ 11.6% |
| Profit (loss) for the period to be appropriated9905 | €9k | €31k | €43k | €30k | €26k | ▼ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €284k | €265k | €256k | €255k | €255k | = |
| Fixed assets21/28 | €203k | €164k | €144k | €122k | €98k | ▼ 20.0% |
| Tangible fixed assets22/27 | €202k | €163k | €144k | €121k | €97k | ▼ 20.2% |
| Land and buildings22 | €119k | €103k | €87k | €71k | €56k | ▼ 22.0% |
| Plant, machinery and equipment23 | €30k | €25k | €32k | €34k | €33k | ▼ 2.1% |
| Furniture and vehicles24 | €54k | €35k | €24k | €16k | €8k | ▼ 50.1% |
| Financial fixed assets28 | €850 | €850 | €850 | €850 | €850 | = |
| Current assets29/58 | €81k | €101k | €111k | €133k | €157k | ▲ 18.3% |
| Stocks and contracts in progress3 | €23k | €23k | €24k | €13k | €11k | ▼ 11.7% |
| Stocks30/36 | €23k | €23k | €24k | €13k | €11k | ▼ 11.7% |
| Amounts receivable within one year40/41 | - | €32k | €15k | €29k | €67k | ▲ 133% |
| Trade receivables40 | - | €9k | €15k | €15k | €32k | ▲ 108% |
| Other amounts receivable41 | - | €23k | - | €13k | €35k | ▲ 164% |
| Cash at bank and in hand54/58 | €58k | €41k | €67k | €86k | €71k | ▼ 17.8% |
| Deferred charges and accrued income490/1 | €263 | €5k | €5k | €5k | €8k | ▲ 61.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €284k | €265k | €256k | €255k | €255k | = |
| Equity10/15 | €22k | €53k | €96k | €126k | €152k | ▲ 20.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €14k | €14k | €14k | €14k | €14k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €12k | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €2k | €33k | €76k | €106k | €132k | ▲ 24.7% |
| Amounts payable17/49 | €262k | €212k | €159k | €129k | €103k | ▼ 20.3% |
| Amounts payable after more than one year17 | €187k | €148k | €83k | €55k | €28k | ▼ 50.2% |
| Financial debts170/4 | €187k | €148k | €83k | €55k | €28k | ▼ 50.2% |
| Amounts payable within one year42/48 | €75k | €64k | €77k | €74k | €75k | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | €34k | €33k | €30k | €28k | €28k | ▲ 0.7% |
| Trade debts44 | €33k | €21k | €22k | €25k | €33k | ▲ 31.4% |
| Suppliers440/4 | €33k | €21k | €22k | €25k | €33k | ▲ 31.4% |
| Taxes, remuneration and social security45 | €8k | €10k | €17k | €21k | €14k | ▼ 31.8% |
| Taxes450/3 | €1k | €10k | €17k | €21k | €14k | ▼ 31.8% |
| Remuneration and social security454/9 | €7k | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €8k | - | - | - |
| Accrued charges and deferred income492/3 | €11 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €31k | €43k | €30k | €26k | ▼ 11.6% |
| + Depreciation and write-downs630 | €31k | €33k | €33k | €31k | €31k | ▲ 0.6% |
| Operating cash flow (approximation) | €40k | €64k | €76k | €61k | €57k | ▼ 5.3% |
| Investment in fixed assets (approximation) | - | €5k | €-13k | €-9k | €-7k | ▲ 22.2% |
| Change in cash | - | €-17k | €26k | €20k | €-15k | ▼ 179% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €152k ▲20.8%
5 profitable years in a row build equity to €152k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €126k ▲30.7%
4 profitable years in a row build equity to €126k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €43k ▲42.2%
Operating result €65k, net result €43k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mol · 1 establishment unit since 2007
Ground area
146 m²
Building footprint
161 m²
Volume, LiDAR
870 m³
Parcel 13434F0679/00N003, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Fraquelli
since 20072.168.059.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0679/00N003 | Flanders | 146 m² | 1 · 161 m² | 10.9 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 6,537 EUR awarded · 6,537 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,037 EUR | 6,037 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Individueel Maatwerk
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMol2.168.059.173
Dual-learning approval
4 live approvals · 4 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Show 4 ended approvals
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Hulpkok (so)
Keukenmedewerker (so)
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,233 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.