CIHAN BS
InactiveCIHAN BS was declared bankrupt on 30-04-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 20-05-2025, published in the Belgian State Gazette on 30-05-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 02-09-2022, 33 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
33 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€352k▲ 182%
2020 · €125k
2019: €10k
2020: €125k
2019 → 2021
Total assets
€425k▲ 175%
2020 · €155k
2019: €17k
2020: €155k
2019 → 2021
Net result
€227k▲ 97.3%
2020 · €115k
2019: €-10k
2020: €115k
2019 → 2021
Working capital
€339k▲ 219%
2020 · €106k
2019: €2k
2020: €106k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€10k-€125k▲ 1,154%€352k▲ 182%
Operating result€-10k-€142k€301k▲ 112%
Net result€-10k-€115k€227k▲ 97.3%
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; 2021 is 112% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €425k
Fixed assets
€13k▼ 29.8%
Current assets
€412k▲ 204%
Equity and liabilities €425k
Equity
€352k▲ 182%
Debt
€73k▲ 147%
The debt ratio falls from 19.1% to 17.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€307k▲
2020 · €147k
Cash flow
€233k▲
2020 · €120k
Solvency
82.8%▲
2020 · 80.9%
Current ratio
5.64▲
2020 · 4.59
Quick ratio
4.77▲
2020 · 4.01
Debt / equity
0.21
ROE
64.5%▼
2020 · 92.0%
ROA
53.4%▼
2020 · 74.4%
Interest coverage
37.56
Debt
€73k▲
2020 · €30k
Debt ≤ 1 year
€73k▲
2020 · €30k
Income taxes
€66k▲
2020 · €26k
Staff costs
€25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€155k€425k▲
Fixed assets21/28€19k€13k▼
Tangible fixed assets22/27€17k€11k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€7k
Financial fixed assets28€2k€2k=
Current assets29/58€136k€412k▲
Stocks and contracts in progress3€17k€63k▲
Stocks30/36-€63k
Amounts receivable within one year40/41€69k€278k▲
Trade receivables40-€17k
Other amounts receivable41-€261k
Cash at bank and in hand54/58€49k€70k▲
Equity and liabilities
Total equity and liabilities10/49€155k€425k▲
Equity10/15€125k€352k▲
Contributions10/11-€20k
Profit (loss) carried forward14€105k€332k▲
Amounts payable17/49€30k€73k▲
Amounts payable within one year42/48€30k€73k▲
Trade debts44€3k€249▼
Suppliers440/4-€249
Taxes, remuneration and social security45-€73k
Taxes450/3-€67k
Remuneration and social security454/9-€6k
Income statement
Code20202021
Remuneration, social security and pensions62-€25k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8-€1k
Gross operating margin9900€151k€333k▲
Operating profit (loss)9901€142k€301k▲
Financial charges65/66B-€8k
Recurring financial charges65€541€8k▲
Profit (loss) for the period before taxes9903€141k€293k▲
Income taxes67/77€26k€66k▲
Profit (loss) for the period9904€115k€227k▲
Profit (loss) for the period to be appropriated9905€115k€227k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€332k
Profit (loss) brought forward from the previous period14P-€105k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · CIHAN BS BV STALINGRADLAAN 52, 1000 BRUSSEL · event 20-05-2025
2024
07-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · CIHAN BS BV STALINGRAD- LAAN 52, 1000 BRUSSEL · event 30-04-2024
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
31-12
Financial
Highest result since 2019net €227k ▲97.3%
Operating result €301k, net result €227k, both a record.
31-12
Financial
Equity above €200kEq €352k ▲182%
2 profitable years in a row build equity to €352k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €115k
Net result €115k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.59
Current ratio from 1.23 to 4.59.
31-12
Financial
Equity above €100kEq €125k ▲1154%
Equity rises from €10k to €125k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
30-04-2024 → present |