CIFCONSULT
InactiveCIFCONSULT was declared bankrupt on 27-02-2023 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 31-03-2026, published in the Belgian State Gazette on 07-04-2026.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-10-2021, 90 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
90 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 52 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€219,811▲ 23.3%
2019 · €178,318
Total assets
€302,632▲ 44.8%
2019 · €209,043
Net result
€41,492▲ 83.8%
2019 · €22,569
Working capital
€218,277▲ 24.0%
2019 · €175,987
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€16,529-€31,508▲ 90.6%€55,476▲ 76.1%
Net result€7,583-€22,569▲ 198%€41,492▲ 83.8%
Equity€155,750-€178,318▲ 14.5%€219,811▲ 23.3%
Total assets€199,207-€209,043▲ 4.9%€302,632▲ 44.8%
Debt€43,458-€30,725▼ 29.3%€82,822▲ 170%
Working capital€151,987-€175,987▲ 15.8%€218,277▲ 24.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 76% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €302,632
Fixed assets
€1,533 ▼ 34.2%
Current assets
€301,099 ▲ 45.7%
Equity and liabilities €302,632
Equity
€219,811 ▲ 23.3%
Debt
€82,822 ▲ 170%
Debt's share of the balance-sheet total rises from 14.7% to 27.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56,274▲
2019 · €32,940
Cash flow
€42,290▲
2019 · €24,001
Current ratio
3.64▼
2019 · 6.73
ROE
18.9%▲
2019 · 12.7%
ROA
13.7%▲
2019 · 10.8%
Debt ≤ 1 year
€82,822▲
2019 · €30,725
Income taxes
€11,988▲
2019 · €7,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,066 | €1,432 | €798 | ▼ 44.3% |
| Gross operating margin9900 | €28,517 | €33,613 | €56,412 | ▲ 67.8% |
| Operating profit (loss)9901 | €16,529 | €31,508 | €55,476 | ▲ 76.1% |
| Recurring financial income75 | €231 | €2,801 | - | - |
| Recurring financial charges65 | €4,945 | €4,320 | €1,996 | ▼ 53.8% |
| Profit (loss) for the period before taxes9903 | €11,814 | €29,990 | €53,480 | ▲ 78.3% |
| Income taxes67/77 | €4,232 | €7,421 | €11,988 | ▲ 61.5% |
| Profit (loss) for the period9904 | €7,583 | €22,569 | €41,492 | ▲ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €7,583 | €22,569 | €41,492 | ▲ 83.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €199,207 | €209,043 | €302,632 | ▲ 44.8% |
| Fixed assets21/28 | €3,763 | €2,331 | €1,533 | ▼ 34.2% |
| Tangible fixed assets22/27 | €3,763 | €2,331 | €1,533 | ▼ 34.2% |
| Current assets29/58 | €195,444 | €206,712 | €301,099 | ▲ 45.7% |
| Amounts receivable within one year40/41 | €22,580 | €25,798 | €26,207 | ▲ 1.6% |
| Cash at bank and in hand54/58 | €2,524 | €7,777 | €5,779 | ▼ 25.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €199,207 | €209,043 | €302,632 | ▲ 44.8% |
| Equity10/15 | €155,750 | €178,318 | €219,811 | ▲ 23.3% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €106,999 | €106,999 | €106,999 | = |
| Profit (loss) carried forward14 | €42,551 | €65,119 | €106,612 | ▲ 63.7% |
| Amounts payable17/49 | €43,458 | €30,725 | €82,822 | ▲ 170% |
| Amounts payable within one year42/48 | €43,458 | €30,725 | €82,822 | ▲ 170% |
| Trade debts44 | €22,853 | €8,974 | €46,269 | ▲ 416% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,583 | €22,569 | €41,492 | ▲ 83.8% |
| + Depreciation and write-downs630 | €11,066 | €1,432 | €798 | ▼ 44.3% |
| Operating cash flow (approximation) | €18,649 | €24,001 | €42,290 | ▲ 76.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €5,253 | -€1,998 | ▼ 138% |
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
2026
07-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 31-03-2026
2023
03-03
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 27-02-2023
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €41,492 ▲83.8%
Operating result €55,476, net result €41,492, both a record.
31-12
Financial
Equity above €200,000Eq €219,811 ▲23.3%
3 profitable years in a row build equity to €219,811.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 54 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
31-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 153 days late
2013
30-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 152 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGRID VON FRENCKELL CLOS DU SARTAY 11,
4053 EMBOURG |
27-02-2023 → 31-03-2026 |