Equity
€113,725 ▲ 178%
Equity rose in 2025 from €40,869 to €113,725.
CIES
Lifetime
2 annual accounts with figures on one time axispeak €106,071 (2025)
€106,071▲ 87.3%
peak €72,856 (2025)
€72,856▲ 92.4%
peak €113,725 (2025)
€113,725▲ 178%
€76,720▲ 5.7%
Board1 name since 2024
1 director
Documentsfilings and deeds
24-07-20267 days before the deadline
2025micro format
Gross margin from €56,631 to €106,071Result from €37,869 to €72,856Equity from €40,869 to €113,725Investments €40,813
Key points
from the 2025 annual accountsTurnover
≈ €270,000 estimated
The micro format states no turnover.
Investments
€40,813 3.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 266.6% higher than in 2024.
Liquidity
1.78 was 1.24 in 2024
Short-term debts rose from €72,614 to €76,720.
Starting capital
€3,000 100 shares
Position in the sector
€72,856
Higher net result than 90% of companies in other professional activities. Sector median €9,105 · 4,555 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,274 companies had the same profile as CIES has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 39,274 companies, not a prediction for CIES. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1008301538
Incorporation
Founding capital of €3,000, 100 shares · Founder: (comparant) · Appointment: (director) · published on 15-04-2024 · Gazette deed
First establishment
Koning Boudewijnstraat 17, Pajottegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CIES Pajottegem | €190,445 | €106,071 | 59.7% | - |
| MELZAGERS Sint-Gillis-Waas | €189,138 | €89,583 | 63.7% | - |
| VIDSPICE Maldegem | €158,321 | €93,413 | 27.0% | - |
| Studio Salien Lievegem | €195,781 | €77,999 | 80.1% | - |
| BEHOLDER MEDIA Genk | €214,023 | €87,589 | 54.9% | - |
| M-CO PRODUCTIONS Dilbeek | €107,570 | €86,060 | 5.1% | - |
| Box 2 be Colfontaine | €254,854 | €118,839 | 23.2% | - |
These companies have the same main activity as CIES: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €108,000 and €255,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 11-04-2024Normal situation
- Activity
- Photography, excluding press photographyNACE 74201and 5 others
- Establishment unit
- 2.359.628.5321755 Pajottegem, since 11-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 08-07-2025
Annual accounts 2025
- €190,445▲ 67.8%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on CIES
CIES has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113,725 and a net result of €72,856.
Its solvency ranks better than 60% of 4,561 sector peers (NACE 74, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CIES
- What is the company number of CIES?
- The company number of CIES is 1008.301.538. The VAT number is the same number with BE in front: BE 1008.301.538.
- Where is CIES based?
- The registered office is at Koning Boudewijnstraat 17, 1755 Pajottegem.Company details
- What does CIES do?
- According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
- What is the legal form of CIES?
- CIES is a private limited company (BV).
- When was CIES founded?
- CIES was founded on 11-04-2024.
- Is CIES still active?
- Yes, CIES is an active enterprise in the KBO register.
- What is the turnover of CIES?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €106,071 and 2,204 comparable companies of the same size. It probably lies between €180,000 and €410,000. It is a rough estimate.Financials
- Is CIES profitable?
- In financial year 2025, CIES made a profit of €72,856.
- Where can I find the annual accounts of CIES?
- CIES filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CIES due?
- CIES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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