CIEL MES PERLES
ActiveSummary
CIEL MES PERLES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €6k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-7
Solvency72▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.46 in 2024; short-term debt: 52.5% and cash: 47.3% of total assets), but 52.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer 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
47.1%
Return on assets
6.9%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
21 d early
2023
1 d early
2022
22 d late
2021
11 d late
2020
31 d late
2019
28 d late
← 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
€40k▲ 14.4%
2024 · €35k
2018: €-39k
2019: €-44k▼ -10.9% vs 2018lowest in 8 years
2020: €-32k▲ +27.8% vs 2019
2021: €-954▲ +97.0% vs 2020
2022: €18k▲ +1973% vs 2021
2023: €25k▲ +38.5% vs 2022
2024: €35k▲ +42.9% vs 2023
2025: €40k▲ +14.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€86k▼ 1.0%
2024 · €87k
2018: €29klowest in 8 years
2019: €57k▲ +94.1% vs 2018
2020: €71k▲ +25.0% vs 2019
2021: €94k▲ +31.4% vs 2020
2022: €94k▲ +0.6% vs 2021highest in 8 years
2023: €94k● -0.0% vs 2022
2024: €87k▼ -8.0% vs 2023
2025: €86k▼ -1.0% vs 2024
2018 → 2025
Net result
€6k▼ 44.5%
2024 · €11k
2018: €-6klowest in 8 years
2019: €-4k▲ +22.5% vs 2018
2020: €12k▲ +383% vs 2019
2021: €31k▲ +152% vs 2020highest in 8 years
2022: €19k▼ -38.5% vs 2021
2023: €7k▼ -63.5% vs 2022
2024: €11k▲ +54.5% vs 2023
2025: €6k▼ -44.5% vs 2024
2018 → 2025
Working capital
€31k▲ 30.5%
2024 · €24k
2018: €-40k
2019: €-69k▼ -71.3% vs 2018lowest in 8 years
2020: €-51k▲ +26.3% vs 2019
2021: €-16k▲ +69.1% vs 2020
2022: €-979▲ +93.8% vs 2021
2023: €8k▲ +957% vs 2022
2024: €24k▲ +182% vs 2023
2025: €31k▲ +30.5% 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€-954-€18k€25k▲ 38.5%€35k▲ 42.9%€40k▲ 14.4%
2021: €-954lowest in 5 years
2022: €18k▲ +1973% vs 2021
2023: €25k▲ +38.5% vs 2022
2024: €35k▲ +42.9% vs 2023
2025: €40k▲ +14.4% vs 2024highest in 5 years
Operating result€31k-€28k▼ 10.7%€11k▼ 59.5%€17k▲ 49.9%€9k▼ 43.4%
2021: €31khighest in 5 years
2022: €28k▼ -10.7% vs 2021
2023: €11k▼ -59.5% vs 2022
2024: €17k▲ +49.9% vs 2023
2025: €9k▼ -43.4% vs 2024lowest in 5 years
Net result€31k-€19k▼ 38.5%€7k▼ 63.5%€11k▲ 54.5%€6k▼ 44.5%
2021: €31khighest in 5 years
2022: €19k▼ -38.5% vs 2021
2023: €7k▼ -63.5% vs 2022
2024: €11k▲ +54.5% vs 2023
2025: €6k▼ -44.5% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86k
Fixed assets
€10k ▼ 14.9%
Current assets
€76k ▲ 1.2%
Equity and liabilities €86k
Equity
€40k ▲ 14.4%
Debt
€45k ▼ 11.6%
Debt's share of the balance-sheet total falls from 59.3% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €22k
Cash flow
€9k▼
2024 · €16k
Current ratio
1.69▲
2024 · 1.46
Quick ratio
1.20▲
2024 · 1.04
Debt to equity
1.12▼
2024 · 1.46
ROE
14.6%▼
2024 · 30.0%
ROA
6.9%▼
2024 · 12.2%
Interest coverage
9.54▼
2024 · 11.68
Debt ≤ 1 year
€45k▼
2024 · €51k
Income taxes
€3k▼
2024 · €6k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€87k€86k▼
Fixed assets21/28€12k€10k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€9k€8k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€836€340▼
Current assets29/58€75k€76k▲
Stocks and contracts in progress3€22k€22k▲
Stocks30/36€22k€22k▲
Amounts receivable within one year40/41€23k€13k▼
Trade receivables40€21k€11k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€30k€41k▲
Deferred charges and accrued income490/1€300€558▲
Equity and liabilities
Total equity and liabilities10/49€87k€86k▼
Equity10/15€35k€40k▲
Contributions10/11€20k€20k=
Reserves13-€5k
Distributable reserves133-€5k
Profit (loss) carried forward14€15k€15k▲
Amounts payable17/49€51k€45k▼
Amounts payable within one year42/48€51k€45k▼
Current portion of amounts payable after more than one year42€754€752▼
Trade debts44€7k€7k▼
Suppliers440/4€7k€7k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€923€923=
Other amounts payable47/48€39k€35k▼
Accrued charges and deferred income492/3-€400
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€2k€815▼
Gross operating margin9900€24k€14k▼
Operating profit (loss)9901€17k€9k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€16k€9k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€11k€6k▼
Profit (loss) for the period to be appropriated9905€11k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€21k▲
Profit (loss) brought forward from the previous period14P€4k€15k▲
Transfer to equity691/2-€5k
To contributions691-€5k
Profit to be distributed694/7-€800
Return on contributions (dividend)694-€800
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €22k | €7k | €-566 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €8k | €6k | €3k | ▼ 40.6% |
| Other operating charges640/8 | €806 | €916 | €2k | €2k | €815 | ▼ 47.7% |
| Non-recurring operating charges66A | €21k | €0 | - | - | - | - |
| Gross operating margin9900 | €81k | €42k | €20k | €24k | €14k | ▼ 43.0% |
| Operating profit (loss)9901 | €31k | €28k | €11k | €17k | €9k | ▼ 43.4% |
| Financial income75/76B | €2k | €3k | €2k | €2k | €1k | ▼ 25.7% |
| Recurring financial income75 | €2k | €3k | €2k | €2k | €1k | ▼ 25.7% |
| Financial charges65/66B | €720 | €2k | €2k | €2k | €1k | ▼ 29.8% |
| Recurring financial charges65 | €720 | €2k | €2k | €2k | €1k | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €32k | €28k | €12k | €16k | €9k | ▼ 43.3% |
| Income taxes67/77 | €2k | €9k | €5k | €6k | €3k | ▼ 40.9% |
| Profit (loss) for the period9904 | €31k | €19k | €7k | €11k | €6k | ▼ 44.5% |
| Profit (loss) for the period to be appropriated9905 | €31k | €19k | €7k | €11k | €6k | ▼ 44.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94k | €94k | €94k | €87k | €86k | ▼ 1.0% |
| Fixed assets21/28 | €15k | €19k | €16k | €12k | €10k | ▼ 14.9% |
| Intangible fixed assets21 | - | €3k | €3k | €3k | €2k | ▼ 13.1% |
| Tangible fixed assets22/27 | €15k | €15k | €13k | €9k | €8k | ▼ 15.4% |
| Plant, machinery and equipment23 | €360 | €6k | €9k | €8k | €7k | ▼ 10.9% |
| Furniture and vehicles24 | €14k | €10k | €4k | €836 | €340 | ▼ 59.2% |
| Current assets29/58 | €79k | €76k | €78k | €75k | €76k | ▲ 1.2% |
| Stocks and contracts in progress3 | €17k | €19k | €27k | €22k | €22k | ▲ 2.5% |
| Stocks30/36 | €17k | €19k | €27k | €22k | €22k | ▲ 2.5% |
| Amounts receivable within one year40/41 | €10k | €15k | €20k | €23k | €13k | ▼ 44.7% |
| Trade receivables40 | €10k | €15k | €18k | €21k | €11k | ▼ 47.3% |
| Other amounts receivable41 | €85 | €324 | €2k | €2k | €2k | ▼ 15.2% |
| Cash at bank and in hand54/58 | €52k | €41k | €30k | €30k | €41k | ▲ 34.4% |
| Deferred charges and accrued income490/1 | €400 | €415 | €433 | €300 | €558 | ▲ 86.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94k | €94k | €94k | €87k | €86k | ▼ 1.0% |
| Equity10/15 | €-954 | €18k | €25k | €35k | €40k | ▲ 14.4% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | - | - | - | - | €5k | - |
| Distributable reserves133 | - | - | - | - | €5k | - |
| Profit (loss) carried forward14 | €-21k | €-3k | €4k | €15k | €15k | ▲ 0.6% |
| Amounts payable17/49 | €95k | €76k | €70k | €51k | €45k | ▼ 11.6% |
| Amounts payable within one year42/48 | €95k | €76k | €70k | €51k | €45k | ▼ 12.4% |
| Current portion of amounts payable after more than one year42 | - | €2k | €2k | €754 | €752 | ▼ 0.3% |
| Trade debts44 | €4k | €4k | €14k | €7k | €7k | ▼ 7.2% |
| Suppliers440/4 | €4k | €4k | €14k | €7k | €7k | ▼ 7.2% |
| Taxes, remuneration and social security45 | €10k | €3k | €2k | €5k | €3k | ▼ 38.0% |
| Taxes450/3 | €6k | €2k | €2k | €4k | €2k | ▼ 47.7% |
| Remuneration and social security454/9 | €3k | €566 | €923 | €923 | €923 | = |
| Other amounts payable47/48 | €81k | €67k | €52k | €39k | €35k | ▼ 10.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €19k | €7k | €11k | €6k | ▼ 44.5% |
| + Depreciation and write-downs630 | €6k | €7k | €8k | €6k | €3k | ▼ 40.6% |
| Operating cash flow (approximation) | €37k | €26k | €15k | €16k | €9k | ▼ 43.1% |
| Investment in fixed assets (approximation) | - | €-11k | €-5k | €-1k | €-2k | ▼ 53.2% |
| Change in cash | - | €-11k | €-11k | €72 | €10k | ▲ 14,307% |
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
23-09
State Gazette act
Appointment: Machtelings Raphaël (director)2 facts ▸
State Gazette act
Appointment: Machtelings Raphaël (director)
2 facts ▸
- General meeting, 27-07-2026
- Director appointment, Machtelings Raphaël (director)
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Highest result since 2018net €31k ▲152%
Operating result €31k, net result €31k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Machtelings Raphaël
CurrentDirector · since 27-07-2026
27-07-2026
Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2005
Ground area
168 m²
Building footprint
57 m²
Volume, LiDAR
555 m³
Parcel 21017D0336/00F000, Brussels · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CIEL MES PERLES
since 20052.183.595.803
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0336/00F000 | Brussels | 168 m² | 1 · 57 m² | 12.2 m · 3 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.
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Of 712 companies in sector 32130 we hold annual accounts for 32. 27 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
Founded11-07-2005
Fiscal year end31-12
Abbreviation FR
CMP
Activities, NACEBEL 2025
32130Manufacture of imitation jewellery and related articles
14230Manufacture of wearing apparel
14220Manufacture of wearing apparel
14291Manufacture of wearing apparel
14210Manufacture of outerwear
14299Manufacture of wearing apparel
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47784Retail sale of souvenirs and religious articles
Scores and ratios are computed by Checked and are not a credit decision.