Cillen
ActiveSummary
Cillen has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €654,872. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 5.71 against 5.66 in 2024; short-term debt: 14.2% and cash: 11.8% of total assets), and 14.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
85.5%
Return on assets
19.5%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
on the day
2023
28 d early
2022
2 d early
2021
45 d early
2020
33 d late
2019
31 d late
← 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 3 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 17 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Bree, Construction sector
Equity
€2.9m▲ 26.5%
2024 · €2.3m
Total assets
€3.4m▲ 20.6%
2024 · €2.8m
Net result
€654,872▲ 14.5%
2024 · €571,915
Working capital
€2.2m▲ 18.2%
2024 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€335,786▲ 26.5%€589,778▲ 75.6%€586,960▼ 0.5%€802,258▲ 36.7%€997,019▲ 24.3%
Net result€246,598above the sector's middle half▲ 38.3%€431,044above the sector's middle half▲ 74.8%€401,920above the sector's middle half▼ 6.8%€571,915above the sector's middle half▲ 42.3%€654,872above the sector's middle half▲ 14.5%
Equity€929,312within the sector's middle half▲ 36.1%€1.3mabove the sector's middle half▲ 40.6%€1.7mabove the sector's middle half▲ 30.8%€2.3mabove the sector's middle half▲ 33.2%€2.9mabove the sector's middle half▲ 26.5%
Total assets€1.5mwithin the sector's middle half▲ 49.8%€2.3mwithin the sector's middle half▲ 52.5%€2.5mwithin the sector's middle half▲ 12.5%€2.8mwithin the sector's middle half▲ 10.0%€3.4mabove the sector's middle half▲ 20.6%
Debt€548,013▲ 80.7%€947,338▲ 72.9%€827,761▼ 12.6%€514,446▼ 37.9%€487,163▼ 5.3%
Working capital€663,097within the sector's middle half▲ 25.0%€816,905within the sector's middle half▲ 23.2%€1.4mabove the sector's middle half▲ 70.6%€1.9mabove the sector's middle half▲ 36.1%€2.2mabove the sector's middle half▲ 18.2%
Solvency62.9%above the sector's middle half▼ 6.3pp58.0%within the sector's middle half▼ 4.9pp67.4%above the sector's middle half▲ 9.4pp81.6%above the sector's middle half▲ 14.2pp85.5%above the sector's middle half▲ 4.0pp
Current ratio2.52within the sector's middle half▼ 0.962.02within the sector's middle half▼ 0.503.16above the sector's middle half▲ 1.145.66above the sector's middle half▲ 2.505.71above the sector's middle half▲ 0.05
Return on assets (ROA)16.7%above the sector's middle half▼ 1.4pp19.1%above the sector's middle half▲ 2.4pp15.8%above the sector's middle half▼ 3.3pp20.5%above the sector's middle half▲ 4.7pp19.5%above the sector's middle half▼ 1.0pp
Staff (FTE)1.1below the sector's middle half▲ 10.0%1.7below the sector's middle half▲ 54.5%2.3below the sector's middle half▲ 35.3%2.7within the sector's middle half▲ 17.4%2.5within the sector's middle half▼ 7.4%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro 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 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€646,100 ▲ 33.3%
Current assets
€2.7m ▲ 18.0%
Equity and liabilities €3.4m
Equity
€2.9m ▲ 26.5%
Debt
€487,163 ▼ 5.3%
Debt's share of the balance-sheet total falls from 18.4% to 14.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▲
2024 · €993,679
Cash flow
€883,723▲
2024 · €763,336
Debt to equity
0.17▼
2024 · 0.23
ROE
22.8%▼
2024 · 25.1%
Interest coverage
265.40▲
2024 · 130.74
Debt ≤ 1 year
€476,315▲
2024 · €407,258
Debt > 1 year
€10,848▼
2024 · €84,659
Income taxes
€351,738▲
2024 · €230,738
Staff costs
€180,130▲
2024 · €174,742
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €93,855 | €120,225 | €174,742 | €180,130 | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €128,557 | €140,315 | €167,206 | €191,421 | €228,851 | ▲ 19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €38,361 | - | - | - |
| Other operating charges640/8 | - | €5,768 | €6,460 | €9,832 | €15,096 | ▲ 53.5% |
| Gross operating margin9900 | €548,414 | €829,715 | €919,212 | €1.2m | €1.4m | ▲ 20.6% |
| Operating profit (loss)9901 | €335,786 | €589,778 | €586,960 | €802,258 | €997,019 | ▲ 24.3% |
| Financial income75/76B | - | €5,372 | €2,831 | €7,995 | €14,210 | ▲ 77.7% |
| Recurring financial income75 | €4,115 | €5,372 | €2,831 | €7,995 | €14,210 | ▲ 77.7% |
| Financial charges65/66B | - | €6,326 | €7,494 | €7,601 | €4,619 | ▼ 39.2% |
| Recurring financial charges65 | €2,057 | €6,326 | €7,494 | €7,601 | €4,619 | ▼ 39.2% |
| Profit (loss) for the period before taxes9903 | €337,844 | €588,825 | €582,296 | €802,653 | €1.0m | ▲ 25.4% |
| Income taxes67/77 | €91,246 | €157,781 | €180,376 | €230,738 | €351,738 | ▲ 52.4% |
| Profit (loss) for the period9904 | €246,598 | €431,044 | €401,920 | €571,915 | €654,872 | ▲ 14.5% |
| Transfer from tax-exempt reserves789 | - | - | €106,800 | €106,800 | €93,000 | ▼ 12.9% |
| Transfer to tax-exempt reserves689 | - | - | €62,000 | - | €126,300 | - |
| Profit (loss) for the period to be appropriated9905 | €296,198 | €431,044 | €446,720 | €678,715 | €621,572 | ▼ 8.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €2.3m | €2.5m | €2.8m | €3.4m | ▲ 20.6% |
| Fixed assets21/28 | €377,540 | €636,554 | €495,870 | €484,677 | €646,100 | ▲ 33.3% |
| Intangible fixed assets21 | €1,445 | - | - | - | - | - |
| Tangible fixed assets22/27 | €376,094 | €636,554 | €495,870 | €484,677 | €646,100 | ▲ 33.3% |
| Land and buildings22 | - | €8,315 | €5,507 | €2,699 | €145,099 | ▲ 5,276% |
| Plant, machinery and equipment23 | - | €226,616 | €179,032 | €132,989 | €89,568 | ▼ 32.7% |
| Furniture and vehicles24 | - | €401,623 | €311,331 | €348,989 | €411,434 | ▲ 17.9% |
| Current assets29/58 | €1.1m | €1.6m | €2.0m | €2.3m | €2.7m | ▲ 18.0% |
| Amounts receivable within one year40/41 | €443,273 | €716,167 | €324,011 | €578,124 | €863,159 | ▲ 49.3% |
| Trade receivables40 | - | €565,183 | €173,510 | €401,902 | €622,607 | ▲ 54.9% |
| Other amounts receivable41 | - | €150,984 | €150,501 | €176,221 | €240,551 | ▲ 36.5% |
| Current investments50/53 | €181,803 | €197,962 | €1.1m | €1.5m | €1.4m | ▼ 4.3% |
| Cash at bank and in hand54/58 | €474,710 | €696,433 | €639,140 | €212,519 | €398,600 | ▲ 87.6% |
| Deferred charges and accrued income490/1 | - | €6,456 | €15,347 | €11,716 | €20,028 | ▲ 71.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €2.3m | €2.5m | €2.8m | €3.4m | ▲ 20.6% |
| Equity10/15 | €929,312 | €1.3m | €1.7m | €2.3m | €2.9m | ▲ 26.5% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €916,912 | €1.3m | €1.7m | €2.3m | €2.9m | ▲ 26.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €248,000 | €203,200 | €96,400 | €129,700 | ▲ 34.5% |
| Distributable reserves133 | - | €1.0m | €1.5m | €2.2m | €2.7m | ▲ 26.3% |
| Amounts payable17/49 | €548,013 | €947,338 | €827,761 | €514,446 | €487,163 | ▼ 5.3% |
| Amounts payable after more than one year17 | €111,324 | €147,223 | €181,688 | €84,659 | €10,848 | ▼ 87.2% |
| Financial debts170/4 | - | €147,223 | €181,688 | €84,659 | €10,848 | ▼ 87.2% |
| Amounts payable within one year42/48 | €436,689 | €800,114 | €646,073 | €407,258 | €476,315 | ▲ 17.0% |
| Current portion of amounts payable after more than one year42 | - | €108,695 | €132,133 | €97,029 | €73,811 | ▼ 23.9% |
| Trade debts44 | €329,953 | €543,006 | €380,680 | €184,545 | €253,150 | ▲ 37.2% |
| Suppliers440/4 | - | €543,006 | €380,680 | €184,545 | €253,150 | ▲ 37.2% |
| Advances received on contracts in progress46 | - | €3,038 | €38 | - | - | - |
| Taxes, remuneration and social security45 | - | €85,530 | €72,069 | €111,957 | €104,601 | ▼ 6.6% |
| Taxes450/3 | - | €72,034 | €38,767 | €59,085 | €77,365 | ▲ 30.9% |
| Remuneration and social security454/9 | - | €13,496 | €33,302 | €52,872 | €27,236 | ▼ 48.5% |
| Other amounts payable47/48 | - | €59,846 | €61,153 | €13,727 | €44,753 | ▲ 226% |
| Accrued charges and deferred income492/3 | - | - | - | €22,529 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €246,598 | €431,044 | €401,920 | €571,915 | €654,872 | ▲ 14.5% |
| + Depreciation and write-downs630 | €128,557 | €140,315 | €167,206 | €191,421 | €228,851 | ▲ 19.6% |
| Operating cash flow (approximation) | €375,155 | €571,358 | €569,127 | €763,336 | €883,723 | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | -€399,329 | -€26,522 | -€180,228 | -€390,274 | ▼ 117% |
| Change in cash | - | €221,723 | -€57,293 | -€426,621 | €186,081 | ▲ 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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €654,872 ▲14.5%
Operating result €997,019, net result €654,872, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €2mEq €2.3m ▲33.2%
7 profitable years in a row build equity to €2.3m.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €1mEq €1.3m ▲40.6%
5 profitable years in a row build equity to €1.3m.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 33 days late
2020
30-09
Financial
Liquidity doublescurrent ratio 3.48
Current ratio from 1.66 to 3.48; short-term debt falls from €373,316 to €213,831.
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-09
Financial
Weakest financial yearnet €105,244 ▼15.1%
Net result drops to €105,244, the lowest in the series; recovery starts the following year.
Show earlier events
30-09
Financial
Equity above €500,000Eq €504,370 ▲26.4%
2 profitable years in a row build equity to €504,370.
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Registered office, Bree · 1 establishment unit since 2012
Ground area
5,054 m²
Building footprint
689 m²
Volume, LiDAR
9 m³
Parcel 72403A1493/00A000, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Industrieterrein Kanaal-Noord 1661, 3960 Bree
since 20122.205.576.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72403A1493/00A000 | Flanders | 5,054 m² | 1 · 689 m² | 0.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 914 EUR awarded · 914 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 237 EUR | 237 EUR |
| 2024 | 1 | 139 EUR | 139 EUR |
| 2023 | 1 | 106 EUR | 106 EUR |
| 2022 | 1 | 432 EUR | 432 EUR |
Similar companies · same sector, comparable size
Smeyers
BE 0437.838.105
Stabroek · Eq €2,896,548
DE WITTE
BE 0448.768.124
Maldegem · Eq €2,898,219
DESAMI
BE 0501.791.688
Fernelmont · Eq €2,933,995
TIMO-TUIN
BE 0441.388.008
Poperinge · Eq €2,816,402
Hofman
BE 0411.516.758
Aalst · Eq €2,954,884
Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 485 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
Founded22-12-2011
Fiscal year end30-09
Activities, NACEBEL 2025
42110Construction of roads and motorways
43120Site preparation
42212Civil engineering
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842318207
Also
9925:BE0842318207
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.