CIJFERAARS
ActiveSummary
CIJFERAARS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132,209 and a net result of €12,740. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency75▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.38 in 2024; short-term debt: 9.1% and cash: 2.5% of total assets), and 50% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
on the day
2023
85 d early
2022
145 d early
2021
39 d early
2020
172 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 85 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€132,209▲ 7.1%
2024 · €123,469
Total assets
€264,548▼ 4.2%
2024 · €276,194
Net result
€12,740▼ 4.0%
2024 · €13,266
Working capital
-€16,636▲ 2.7%
2024 · -€17,096
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
Line20212022202320242025
Operating result€31,519▼ 18.3%€19,452▼ 38.3%€16,350▼ 15.9%€18,599▲ 13.8%€18,695▲ 0.5%
Net result€26,226▲ 7.4%€14,357▼ 45.3%€11,452▼ 20.2%€13,266▲ 15.8%€12,740▼ 4.0%
Equity€96,393▲ 9.3%€104,750▲ 8.7%€113,203▲ 8.1%€123,469▲ 9.1%€132,209▲ 7.1%
Total assets€306,302▼ 4.8%€286,143▼ 6.6%€281,857▼ 1.5%€276,194▼ 2.0%€264,548▼ 4.2%
Debt€209,909▼ 10.1%€181,393▼ 13.6%€168,655▼ 7.0%€152,725▼ 9.4%€132,339▼ 13.3%
Working capital-€18,318▼ 0.4%-€18,255▲ 0.3%-€19,083▼ 4.5%-€17,096▲ 10.4%-€16,636▲ 2.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264,548
Fixed assets
€257,178 ▼ 3.2%
Current assets
€7,370 ▼ 30.7%
Equity and liabilities €264,548
Equity
€132,209 ▲ 7.1%
Debt
€132,339 ▼ 13.3%
Debt's share of the balance-sheet total falls from 55.3% to 50.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,082▲
2024 · €26,986
Cash flow
€21,127▼
2024 · €21,653
Current ratio
0.31▼
2024 · 0.38
Debt to equity
1.00▼
2024 · 1.24
ROE
9.6%▼
2024 · 10.7%
ROA
4.8%▲
2024 · 4.8%
Interest coverage
15.85▲
2024 · 14.13
Debt ≤ 1 year
€24,005▼
2024 · €27,725
Debt > 1 year
€108,333▼
2024 · €125,000
Income taxes
€4,247▲
2024 · €3,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,372 | €8,372 | €8,387 | €8,387 | €8,387 | = |
| Other operating charges640/8 | €1,964 | €2,005 | €2,191 | €2,908 | €2,375 | ▼ 18.3% |
| Gross operating margin9900 | €41,855 | €29,828 | €26,928 | €29,893 | €29,457 | ▼ 1.5% |
| Operating profit (loss)9901 | €31,519 | €19,452 | €16,350 | €18,599 | €18,695 | ▲ 0.5% |
| Financial income75/76B | - | - | €3 | - | - | - |
| Recurring financial income75 | - | - | €3 | - | - | - |
| Financial charges65/66B | €2,551 | €2,309 | €2,107 | €1,910 | €1,708 | ▼ 10.6% |
| Recurring financial charges65 | €2,551 | €2,309 | €2,107 | €1,910 | €1,708 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €28,968 | €17,143 | €14,246 | €16,688 | €16,987 | ▲ 1.8% |
| Income taxes67/77 | €2,742 | €2,786 | €2,794 | €3,422 | €4,247 | ▲ 24.1% |
| Profit (loss) for the period9904 | €26,226 | €14,357 | €11,452 | €13,266 | €12,740 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €26,226 | €14,357 | €11,452 | €13,266 | €12,740 | ▼ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €306,302 | €286,143 | €281,857 | €276,194 | €264,548 | ▼ 4.2% |
| Fixed assets21/28 | €289,711 | €281,339 | €273,952 | €265,565 | €257,178 | ▼ 3.2% |
| Tangible fixed assets22/27 | €289,711 | €281,339 | €273,952 | €265,565 | €257,178 | ▼ 3.2% |
| Land and buildings22 | €289,711 | €281,339 | €273,952 | €265,565 | €257,178 | ▼ 3.2% |
| Current assets29/58 | €16,591 | €4,804 | €7,906 | €10,629 | €7,370 | ▼ 30.7% |
| Amounts receivable within one year40/41 | €0 | €1,361 | €1,513 | €1,261 | €630 | ▼ 50.0% |
| Trade receivables40 | - | €100 | - | - | - | - |
| Other amounts receivable41 | €0 | €1,261 | €1,513 | €1,261 | €630 | ▼ 50.0% |
| Cash at bank and in hand54/58 | €15,085 | €3,443 | €6,393 | €9,368 | €6,740 | ▼ 28.1% |
| Deferred charges and accrued income490/1 | €1,506 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €306,302 | €286,143 | €281,857 | €276,194 | €264,548 | ▼ 4.2% |
| Equity10/15 | €96,393 | €104,750 | €113,203 | €123,469 | €132,209 | ▲ 7.1% |
| Contributions10/11 | €18,662 | €18,662 | €18,662 | €18,662 | €18,662 | = |
| Reserves13 | €77,731 | €86,089 | €94,541 | €104,807 | €113,547 | ▲ 8.3% |
| Non-distributable reserves130/1 | €1,866 | €1,866 | - | - | - | - |
| Reserves not available under the articles1311 | €1,866 | €1,866 | - | - | - | - |
| Tax-exempt reserves132 | €776 | €776 | €776 | €776 | €776 | = |
| Distributable reserves133 | €75,089 | €83,446 | €93,765 | €104,031 | €112,771 | ▲ 8.4% |
| Amounts payable17/49 | €209,909 | €181,393 | €168,655 | €152,725 | €132,339 | ▼ 13.3% |
| Amounts payable after more than one year17 | €175,000 | €158,333 | €141,667 | €125,000 | €108,333 | ▼ 13.3% |
| Financial debts170/4 | €175,000 | €158,333 | €141,667 | €125,000 | €108,333 | ▼ 13.3% |
| Amounts payable within one year42/48 | €34,909 | €23,060 | €26,988 | €27,725 | €24,005 | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | €16,667 | €16,667 | €16,667 | €16,667 | €16,667 | = |
| Trade debts44 | - | €357 | €7,260 | €7,386 | €2,420 | ▼ 67.2% |
| Suppliers440/4 | - | €357 | €7,260 | €7,386 | €2,420 | ▼ 67.2% |
| Taxes, remuneration and social security45 | €242 | €36 | €62 | €672 | €919 | ▲ 36.7% |
| Taxes450/3 | €242 | €36 | €62 | €672 | €919 | ▲ 36.7% |
| Other amounts payable47/48 | €18,000 | €6,000 | €3,000 | €3,000 | €4,000 | ▲ 33.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,226 | €14,357 | €11,452 | €13,266 | €12,740 | ▼ 4.0% |
| + Depreciation and write-downs630 | €8,372 | €8,372 | €8,387 | €8,387 | €8,387 | = |
| Operating cash flow (approximation) | €34,598 | €22,729 | €19,839 | €21,653 | €21,127 | ▼ 2.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,000 | €0 | €0 | - |
| Change in cash | - | -€11,642 | €2,950 | €2,975 | -€2,628 | ▼ 188% |
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
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €11,452 ▼20.2%
Net result drops to €11,452, the lowest in the series; recovery starts the following year.
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €104,750 ▲8.7%
5 profitable years in a row build equity to €104,750.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
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
Registered office, Brugge · 1 establishment unit since 1998
Ground area
2,494 m²
Building footprint
214 m²
Volume, LiDAR
26 m³
Parcel 31434C0515/00E008, Flanders · tallest building 7.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CIJFERAARS
since 19982.087.180.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0515/00E008 | Flanders | 2,494 m² | 1 · 214 m² | 7.1 m |
Linked by address, not proof of ownership
Good to know
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 82,642 companies in sector 70200 we hold annual accounts for 52,583. 40,862 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-04-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.