CIETERS SERVICE
ActiveSummary
The computed 12-month bankruptcy probability of CIETERS SERVICE is 2.4% (moderate). The 2024 annual accounts show equity of €237k and a net result of €45k. Equity is growing by ~41% per year across the filed fiscal years. Its solvency ranks better than 90% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-11
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 5.76 against 4.13 in 2023; short-term debt: 12.6% and cash: 49.2% of total assets), and 15.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-05-2025, 63 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
63 d early
2023
55 d early
2022
58 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€237k▲ 23.6%
2023 · €191k
2022: €80k
2023: €191k
2022 → 2024
Total assets
€280k▲ 11.5%
2023 · €251k
2022: €186k
2023: €251k
2022 → 2024
Net result
€45k▼ 59.5%
2023 · €112k
2022: €78k
2023: €112k
2022 → 2024
Working capital
€168k▲ 12.2%
2023 · €149k
2022: €53k
2023: €149k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€80k-€191k▲ 141%€237k▲ 23.6%
Operating result€108k-€143k▲ 33.0%€58k▼ 59.5%
Net result€78k-€112k▲ 44.1%€45k▼ 59.5%
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 2024; 2024 is 59% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280k
Fixed assets
€77k ▲ 43.1%
Current assets
€203k ▲ 2.9%
Equity and liabilities €280k
Equity
€237k ▲ 23.6%
Debt
€43k ▼ 27.4%
Debt's share of the balance-sheet total falls from 23.8% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▼
2023 · €159k
Cash flow
€69k▼
2023 · €127k
Current ratio
5.76▲
2023 · 4.13
Debt to equity
0.18▼
2023 · 0.31
ROE
19.1%▼
2023 · 58.4%
ROA
16.2%▼
2023 · 44.5%
Interest coverage
64.87▼
2023 · 190.94
Debt ≤ 1 year
€35k▼
2023 · €48k
Debt > 1 year
€8k▼
2023 · €12k
Income taxes
€12k▼
2023 · €31k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€251k€280k▲
Fixed assets21/28€54k€77k▲
Tangible fixed assets22/27€54k€77k▲
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24€49k€70k▲
Current assets29/58€197k€203k▲
Amounts receivable within one year40/41€46k€65k▲
Trade receivables40€20k€44k▲
Other amounts receivable41€26k€21k▼
Cash at bank and in hand54/58€151k€138k▼
Equity and liabilities
Total equity and liabilities10/49€251k€280k▲
Equity10/15€191k€237k▲
Contributions10/11€2k€2k=
Reserves13€189k€235k▲
Distributable reserves133€189k€235k▲
Amounts payable17/49€60k€43k▼
Amounts payable after more than one year17€12k€8k▼
Financial debts170/4€12k€8k▼
Amounts payable within one year42/48€48k€35k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€14k€21k▲
Suppliers440/4€14k€21k▲
Taxes, remuneration and social security45€30k-
Taxes450/3€30k-
Other amounts payable47/48€164€10k▲
Income statement
Code20232024
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€23k▲
Other operating charges640/8€650€984▲
Non-recurring operating charges66A-€20
Gross operating margin9900€159k€82k▼
Operating profit (loss)9901€143k€58k▼
Financial income75/76B€2€6▲
Recurring financial income75€2€6▲
Financial charges65/66B€830€1k▲
Recurring financial charges65€830€1k▲
Profit (loss) for the period before taxes9903€142k€57k▼
Income taxes67/77€31k€12k▼
Profit (loss) for the period9904€112k€45k▼
Profit (loss) for the period to be appropriated9905€112k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€112k€45k▼
Transfer to equity691/2€112k€45k▼
To other reserves6921€112k€45k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €45k ▼59.5%
Net result drops to €45k, the lowest in the series.
31-12
Financial
Equity above €200kEq €237k ▲23.6%
3 profitable years in a row build equity to €237k.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €112k ▲44.1%
Operating result €143k, net result €112k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.13
Current ratio from 1.58 to 4.13; short-term debt falls from €91k to €48k.
31-12
Financial
Equity above €150kEq €191k ▲141%
2 profitable years in a row build equity to €191k.
03-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lierde · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kleinendries 139570 LierdeGround area
2,038 m²
Building footprint
150 m²
Volume, LiDAR
791 m³
Parcel 45050B0123/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kleinendries 13, 9570 Lierde
since 20222.328.352.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45050B0123/00S000 | Flanders | 2,038 m² | 1 · 150 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,000 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.