CiFa Construct
ActiveSummary
The computed 12-month bankruptcy probability of CiFa Construct is 3.0% (moderate). The 2025 annual accounts show equity of €16,702 and a net result of €13,702. Its solvency ranks better than 72% of 9,396 sector peers (NACE 41, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-02-2025 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 4 others
- Establishment unit
- 2.370.413.546 3721 Hasselt, since 21-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.0%
- Gross margin
- €18,570
- Turnover
- ≈ €220,000
- estimated
- Profit
- €13,702
- Equity
- €16,702
- Total assets
- €26,179
Score breakdownraises riskFounded in 2025Size: total assets €26,179Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskEquity €16,702 (63.8% of total assets)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 73% of them on solvency, 32% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-05-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €749 |
| Other operating charges640/8 | €462 |
| Gross operating margin9900 | €18,570 |
| Operating profit (loss)9901 | €17,359 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €67 |
| Recurring financial charges65 | €67 |
| Profit (loss) for the period before taxes9903 | €17,293 |
| Income taxes67/77 | €3,591 |
| Profit (loss) for the period9904 | €13,702 |
| Profit (loss) for the period to be appropriated9905 | €13,702 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €26,179 | |
| Formation expenses20 | €1,770 | |
| Current assets29/58 | €24,408 | |
| Amounts receivable within one year40/41 | €5,237 | |
| Trade receivables40 | €4,983 | |
| Other amounts receivable41 | €254 | |
| Cash at bank and in hand54/58 | €570 | |
| Deferred charges and accrued income490/1 | €18,601 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €26,179 | |
| Equity10/15 | €16,702 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €13,702 | |
| Amounts payable17/49 | €9,477 | |
| Amounts payable within one year42/48 | €9,477 | |
| Trade debts44 | €2,553 | |
| Suppliers440/4 | €2,553 | |
| Other amounts payable47/48 | €6,924 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €13,702 |
| + Depreciation and write-downs630 | €749 |
| Operating cash flow (approximation) | €14,451 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 11,279 companies had the same profile as CiFa Construct has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of CiFa Construct itself is higher: 3.0% within 12 months. It rests on far more data about CiFa Construct than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 11,279 companies, not a prediction for CiFa Construct. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-05-2026 | 2026-00136277 |
Board & ownership
Directors
Owners and capital
Shareholders
- CICCARELLI, Fabrizzio sole founder · 100% at incorporation
Capital transactions
- 25-02-2025 Incorporation · €3,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering die benoemt bepaalt aantal duur opdracht en bij meerdere bevoegdheid”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Register aandelen op naam met WVV-vermeldingen, kunnen voorzien zijn van volgnummer”
Articles of association, deed of 25-02-2025 (in Dutch)
Network & group
CiFa Construct shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CiFa Construct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-02
Gazette deed
IncorporationStarting capital €3,000 · Appointment: CICCARELLI, Fabrizzio (director) · Founder8 points ▸
- Incorporation, “CiFa Construct” (deed in Dutch)
- Founder, CICCARELLI, Fabrizzio
- Founding capital, €3,000
- Board rule, 1
- Director appointment, CICCARELLI, Fabrizzio (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, “UBO-register, door instrumenterende notaris gewezen op UBO-register en sancties artikel 1:36 WVV bij niet tijdig uitvoeren formaliteiten artikelen 1:34 en 1:35…” (deed in Dutch)
- Other provision, “voorafgaande toelatingen of vergunningen, notaris heeft aandacht gevestigd op mogelijke verplichting in uitvoering van voorwerp voorafgaande toelatingen of verg…” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202514 activities
- De handel in bouwmaterialen
- Nieuwbouw maar ook sloop,renovatie en herstelling van alle mogelijke werkzaamheden in de bouwnijverheid
- De onderneming voor het aanleggen van wegen,paden,in- en uitritten,parkings in betonklinkers,kasseien en andere materialen. Dit omvat tevens het grondverzet: graven,ophogen,egaliseren en nivelleren van het betrokken terrein.
- Ruimen van bouwterreinen,sloop en afbraakwerken.
- Overige bouwinstallatie,n.e.g
- Overige werkzaamheden in verband met afwerkingen van gebouwen
- Bouw van autowegen,straten en andere wegen en paden voor voertuigen en voetganger (inclusief het plaatsen van vangrails)
- Schilderen van markeringen op wegen en parkeerplaatsen.
- Het aanleggen van tuinen,tevens omvattend het plaatsen van afsluitingen in draad en andere materialen.
- De onderneming voor het uitvoeren van voegwerken,tevens omvattend het reinigen,renoveren en herinvoegen van gevels.
- Landschapsverzorging in breedste zin van het woord.
- Isolatiewerken
- Uitwerken van projecten op gebied van burgerlijke en utiliteitsbouw,de weg- en waterbouw en het verkeer
- Diensten voor derden
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1020.259.460
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73091B0664/00K000 | Flanders | 1,021 m² | 1 · 160 m² | 4.6 m · 1 |