CIFTCI
ActiveSummary
The computed 12-month bankruptcy probability of CIFTCI is 4.4% (elevated). The 2024 annual accounts show negative equity (-€10,475) and a net result of €2,729. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 6 accounts on average 200 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €63,644 | €25,012 | ▼ 60.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €70,049 | €20,874 | ▼ 70.2% |
| Remuneration, social security and pensions62 | - | €148 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,456 | €1,527 | €861 | €4,155 | - | - |
| Other operating charges640/8 | - | €905 | €3,848 | €1,366 | €587 | ▼ 57.0% |
| Gross operating margin9900 | -€5,976 | -€3,340 | €7,067 | -€6,405 | €4,138 | ▲ 165% |
| Operating profit (loss)9901 | -€11,581 | -€5,921 | €2,357 | -€11,925 | €3,551 | ▲ 130% |
| Financial income75/76B | - | €219 | €15 | €0 | - | - |
| Recurring financial income75 | €2,870 | €219 | €15 | €0 | - | - |
| Financial charges65/66B | - | €1,772 | €1,799 | €1,910 | €822 | ▼ 57.0% |
| Recurring financial charges65 | €2,275 | €1,772 | €1,799 | €1,910 | €822 | ▼ 57.0% |
| Profit (loss) for the period before taxes9903 | -€10,986 | -€7,474 | €573 | -€13,835 | €2,729 | ▲ 120% |
| Income taxes67/77 | €186 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€11,172 | -€7,474 | €573 | -€13,835 | €2,729 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | -€11,172 | -€7,474 | €573 | -€13,835 | €2,729 | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,301 | €25,722 | €29,345 | €21,567 | €13,600 | ▼ 36.9% |
| Fixed assets21/28 | €6,643 | €5,116 | €4,255 | €100 | €100 | = |
| Tangible fixed assets22/27 | €6,543 | €5,016 | €4,155 | - | - | - |
| Plant, machinery and equipment23 | - | €2,898 | €2,299 | - | - | - |
| Other tangible fixed assets26 | - | €2,118 | €1,856 | - | - | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €44,657 | €20,607 | €25,090 | €21,467 | €13,500 | ▼ 37.1% |
| Stocks and contracts in progress3 | €2,376 | €2,376 | €792 | €792 | - | - |
| Stocks30/36 | - | €2,376 | €792 | €792 | - | - |
| Amounts receivable within one year40/41 | €38,328 | €16,440 | €22,508 | €14,154 | €13,500 | ▼ 4.6% |
| Trade receivables40 | - | €9,008 | €22,508 | €13,500 | €13,500 | = |
| Other amounts receivable41 | - | €7,431 | - | €654 | - | - |
| Cash at bank and in hand54/58 | €1,790 | €1,790 | €1,790 | €6,521 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,301 | €25,722 | €29,345 | €21,567 | €13,600 | ▼ 36.9% |
| Equity10/15 | €7,532 | €58 | €631 | -€13,204 | -€10,475 | ▲ 20.7% |
| Contributions10/11 | - | €81,200 | €81,200 | €81,200 | €81,200 | = |
| Profit (loss) carried forward14 | -€73,668 | -€81,142 | -€80,569 | -€94,404 | -€91,675 | ▲ 2.9% |
| Amounts payable17/49 | €43,768 | €25,665 | €28,714 | €34,771 | €24,075 | ▼ 30.8% |
| Amounts payable after more than one year17 | €11,073 | €3,330 | - | - | - | - |
| Financial debts170/4 | - | €3,330 | - | - | - | - |
| Amounts payable within one year42/48 | €32,695 | €22,335 | €28,714 | €34,771 | €24,075 | ▼ 30.8% |
| Current portion of amounts payable after more than one year42 | - | €7,744 | €4,003 | - | - | - |
| Financial debts43 | - | €9,745 | €9,964 | €22,350 | €22,174 | ▼ 0.8% |
| Credit institutions430/8 | - | €9,745 | €9,964 | €22,350 | €22,174 | ▼ 0.8% |
| Trade debts44 | €16,561 | €4,420 | €4,445 | €1,321 | - | - |
| Suppliers440/4 | - | €4,420 | €4,445 | €1,321 | - | - |
| Taxes, remuneration and social security45 | - | €426 | €815 | €1,708 | - | - |
| Taxes450/3 | - | €412 | €815 | €1,708 | - | - |
| Remuneration and social security454/9 | - | €15 | - | - | - | - |
| Other amounts payable47/48 | - | - | €9,488 | €9,391 | €1,901 | ▼ 79.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,172 | -€7,474 | €573 | -€13,835 | €2,729 | ▲ 120% |
| + Depreciation and write-downs630 | €1,456 | €1,527 | €861 | €4,155 | - | - |
| Operating cash flow (approximation) | -€9,716 | -€5,947 | €1,434 | -€9,680 | €2,729 | ▲ 128% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €0 | €4,731 | - | - |
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
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.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0260/02W003 | Flanders | 142 m² | 1 · 136 m² | 15.9 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.