Summary
CILIMANDER is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €29k and a net result of €10k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 13% of 5547 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 5547 sector peers (2025).
NBB · sector comparisonPosition among 5547 sector peers
Solvency
better than 13%
← weakest
strongest →
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 27-02-2026, 154 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
154 d early
2024
17 d early
2023
28 d early
2022
28 d early
2021
27 d early
2020
50 d early
2019
32 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€29k▼ 41.3%
2024 · €49k
2019: €32k
2020: €46k▲ +43.6% vs 2019
2021: €36k▼ -21.3% vs 2020
2022: €45k▲ +25.7% vs 2021
2023: €46k▲ +2.1% vs 2022
2024: €49k▲ +6.0% vs 2023highest in 7 years
2025: €29k▼ -41.3% vs 2024lowest in 7 years
2019 → 2025
Net result
€10k▲ 271%
2024 · €3k
2019: €15khighest in 7 years
2020: €14k▼ -7.2% vs 2019
2021: €-10k▼ -170% vs 2020lowest in 7 years
2022: €9k▲ +195% vs 2021
2023: €970▼ -89.6% vs 2022
2024: €3k▲ +186% vs 2023
2025: €10k▲ +271% vs 2024
2019 → 2025
Total assets
€301k▲ 2.4%
2024 · €293k
2019: €212k
2020: €253k▲ +19.2% vs 2019
2021: €205k▼ -19.0% vs 2020lowest in 7 years
2022: €213k▲ +4.2% vs 2021
2023: €267k▲ +25.4% vs 2022
2024: €293k▲ +9.7% vs 2023
2025: €301k▲ +2.4% vs 2024highest in 7 years
2019 → 2025
Solvency
9.6%▼ 7.2pp
2024 · 16.8%
2019: 15.1%
2020: 18.2%▲ +20.4% vs 2019
2021: 17.7%▼ -2.9% vs 2020
2022: 21.3%▲ +20.7% vs 2021highest in 7 years
2023: 17.4%▼ -18.6% vs 2022
2024: 16.8%▼ -3.4% vs 2023
2025: 9.6%▼ -42.7% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€45k▲ 25.7%€46k▲ 2.1%€49k▲ 6.0%€29k▼ 41.3%
2021: €36k
2022: €45k▲ +25.7% vs 2021
2023: €46k▲ +2.1% vs 2022
2024: €49k▲ +6.0% vs 2023highest in 5 years
2025: €29k▼ -41.3% vs 2024lowest in 5 years
Operating result€-11k-€9k€288▼ 96.7%€2k▲ 757%€8k▲ 242%
2021: €-11klowest in 5 years
2022: €9k▲ +183% vs 2021highest in 5 years
2023: €288▼ -96.7% vs 2022
2024: €2k▲ +757% vs 2023
2025: €8k▲ +242% vs 2024
Net result€-10k-€9k€970▼ 89.6%€3k▲ 186%€10k▲ 271%
2021: €-10klowest in 5 years
2022: €9k▲ +195% vs 2021
2023: €970▼ -89.6% vs 2022
2024: €3k▲ +186% vs 2023
2025: €10k▲ +271% vs 2024highest in 5 years
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 242% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301k
Fixed assets
€124k ▼ 4.6%
Current assets
€177k ▲ 8.0%
Equity and liabilities €301k
Equity
€29k ▼ 41.3%
Debt
€272k ▲ 11.2%
Debt's share of the balance-sheet total rises from 83.2% to 90.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
35.6%▲
2024 · 5.6%
ROA
3.4%▲
2024 · 0.9%
Debt ≤ 1 year
€7k▲
2024 · €1k
Debt > 1 year
€264k▲
2024 · €243k
Income taxes
€3k▲
2024 · €17
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€293k€301k▲
Fixed assets21/28€129k€124k▼
Tangible fixed assets22/27€21k€16k▼
Furniture and vehicles24€4k€0▼
Other tangible fixed assets26€18k€16k▼
Financial fixed assets28€108k€108k=
Current assets29/58€164k€177k▲
Amounts receivable after more than one year29€162k€173k▲
Other amounts receivable291€162k€173k▲
Amounts receivable within one year40/41€658€2k▲
Trade receivables40€0-
Other amounts receivable41€658€2k▲
Cash at bank and in hand54/58€840€2k▲
Deferred charges and accrued income490/1€382€771▲
Equity and liabilities
Total equity and liabilities10/49€293k€301k▲
Equity10/15€49k€29k▼
Contributions10/11€19k€19k=
Reserves13€31k€10k▼
Distributable reserves133€31k€10k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€244k€272k▲
Amounts payable after more than one year17€243k€264k▲
Other amounts payable178/9€243k€264k▲
Amounts payable within one year42/48€1k€7k▲
Trade debts44€516€7k▲
Suppliers440/4€516€7k▲
Taxes, remuneration and social security45€786€144▼
Taxes450/3€786€144▼
Remuneration and social security454/9€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€1k€632▼
Non-recurring operating charges66A€1k€3k▲
Gross operating margin9900€11k€14k▲
Operating profit (loss)9901€2k€8k▲
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€3k€13k▲
Income taxes67/77€17€3k▲
Profit (loss) for the period9904€3k€10k▲
Profit (loss) for the period to be appropriated9905€3k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€10k▲
Transfer from equity791/2-€31k
Transfer to equity691/2€3k€10k▲
To other reserves6921€3k€10k▲
Profit to be distributed694/7-€31k
Return on contributions (dividend)694-€31k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €446 | €637 | €2k | €6k | €2k | ▼ 63.9% |
| Other operating charges640/8 | €1k | €580 | €871 | €1k | €632 | ▼ 43.8% |
| Non-recurring operating charges66A | - | - | - | €1k | €3k | ▲ 183% |
| Gross operating margin9900 | €-9k | €10k | €3k | €11k | €14k | ▲ 34.0% |
| Operating profit (loss)9901 | €-11k | €9k | €288 | €2k | €8k | ▲ 242% |
| Financial income75/76B | €1k | €892 | €4k | €6k | €7k | ▲ 18.6% |
| Recurring financial income75 | €1k | €892 | €4k | €6k | €7k | ▲ 18.6% |
| Financial charges65/66B | €412 | €337 | €3k | €5k | €2k | ▼ 59.9% |
| Recurring financial charges65 | €412 | €337 | €3k | €5k | €2k | ▼ 59.9% |
| Profit (loss) for the period before taxes9903 | €-10k | €9k | €970 | €3k | €13k | ▲ 363% |
| Income taxes67/77 | €0 | - | - | €17 | €3k | ▲ 15,316% |
| Profit (loss) for the period9904 | €-10k | €9k | €970 | €3k | €10k | ▲ 271% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €9k | €970 | €3k | €10k | ▲ 271% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205k | €213k | €267k | €293k | €301k | ▲ 2.4% |
| Fixed assets21/28 | €109k | €122k | €135k | €129k | €124k | ▼ 4.6% |
| Tangible fixed assets22/27 | €679 | €14k | €27k | €21k | €16k | ▼ 27.6% |
| Furniture and vehicles24 | €679 | €232 | €8k | €4k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €14k | €20k | €18k | €16k | ▼ 12.1% |
| Financial fixed assets28 | €108k | €108k | €108k | €108k | €108k | = |
| Current assets29/58 | €96k | €91k | €132k | €164k | €177k | ▲ 8.0% |
| Amounts receivable after more than one year29 | €93k | €86k | €120k | €162k | €173k | ▲ 6.8% |
| Trade receivables290 | €93k | - | - | - | - | - |
| Other amounts receivable291 | - | €86k | €120k | €162k | €173k | ▲ 6.8% |
| Amounts receivable within one year40/41 | €771 | €2k | €6k | €658 | €2k | ▲ 150% |
| Trade receivables40 | €0 | - | €3k | €0 | - | - |
| Other amounts receivable41 | €771 | €2k | €3k | €658 | €2k | ▲ 150% |
| Cash at bank and in hand54/58 | €0 | €453 | €2k | €840 | €2k | ▲ 78.9% |
| Deferred charges and accrued income490/1 | €3k | €2k | €3k | €382 | €771 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205k | €213k | €267k | €293k | €301k | ▲ 2.4% |
| Equity10/15 | €36k | €45k | €46k | €49k | €29k | ▼ 41.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €18k | €27k | €28k | €31k | €10k | ▼ 66.3% |
| Distributable reserves133 | €18k | €27k | €28k | €31k | €10k | ▼ 66.3% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €169k | €168k | €221k | €244k | €272k | ▲ 11.2% |
| Amounts payable after more than one year17 | €163k | €165k | €215k | €243k | €264k | ▲ 8.8% |
| Other amounts payable178/9 | €163k | €165k | €215k | €243k | €264k | ▲ 8.8% |
| Amounts payable within one year42/48 | €6k | €3k | €6k | €1k | €7k | ▲ 457% |
| Financial debts43 | €528 | €0 | - | - | - | - |
| Credit institutions430/8 | €528 | €0 | - | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €5k | €3k | €5k | €516 | €7k | ▲ 1,278% |
| Suppliers440/4 | €5k | €3k | €5k | €516 | €7k | ▲ 1,278% |
| Taxes, remuneration and social security45 | €19 | €19 | €1k | €786 | €144 | ▼ 81.7% |
| Taxes450/3 | €19 | €19 | €769 | €786 | €144 | ▼ 81.7% |
| Remuneration and social security454/9 | - | - | €330 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €9k | €970 | €3k | €10k | ▲ 271% |
| + Depreciation and write-downs630 | €446 | €637 | €2k | €6k | €2k | ▼ 63.9% |
| Operating cash flow (approximation) | €-9k | €10k | €3k | €9k | €12k | ▲ 42.8% |
| Investment in fixed assets (approximation) | - | €-14k | €-15k | €0 | €4k | - |
| Change in cash | - | €453 | €2k | €-1k | €663 | ▲ 144% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 6current ratio 125.98
Current ratio from 22.18 to 125.98; short-term debt falls from €6k to €1k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 17.29
Current ratio from 3.20 to 17.29; short-term debt falls from €45k to €6k.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Hamont-Achel · 1 establishment unit since 2018
Ground area
1,543 m²
Building footprint
254 m²
Volume, LiDAR
1,188 m³
Parcel 72001A0615/00A000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cilimander
since 20182.277.441.026
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72001A0615/00A000 | Flanders | 1,543 m² | 1 · 254 m² | 8.3 m · 2 fl. |
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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 8,687 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
Founded10-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
info@cilimander.beHamont-Achel
Phone
011190190Hamont-Achel
Scores and ratios are computed by Checked and are not a credit decision.