Ciselek
ActiveCiselek has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €6k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
71
/ 100
Healthy▼ -22 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-34
Solvency63▼-31
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.95 in 2024), and 66% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
34%
Return on assets
2.9%
Age of the figures
8 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d early
2023
23 d early
2022
24 d early
2021
22 d late
2020
16 d early
2019
18 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▼ 33.5%
2024 · €104k
2018: €24k
2019: €27k
2020: €46k
2021: €74k
2022: €90k
2023: €89k
2024: €104k
2018 → 2025
Total assets
€204k▼ 0.7%
2024 · €205k
2018: €56k
2019: €64k
2020: €96k
2021: €144k
2022: €172k
2023: €198k
2024: €205k
2018 → 2025
Net result
€6k▼ 62.8%
2024 · €16k
2018: €5k
2019: €4k
2020: €20k
2021: €17k
2022: €16k
2023: €19k
2024: €16k
2018 → 2025
Working capital
€58k▼ 39.6%
2024 · €96k
2018: €18k
2019: €21k
2020: €37k
2021: €44k
2022: €68k
2023: €74k
2024: €96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€90k▲ 20.5%€89k▼ 0.9%€104k▲ 17.1%€69k▼ 33.5%
Operating result€22k-€24k▲ 8.6%€29k▲ 23.3%€20k▼ 29.9%€7k▼ 66.1%
Net result€17k-€16k▼ 3.4%€19k▲ 19.7%€16k▼ 16.6%€6k▼ 62.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 66% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204k
Fixed assets
€11k▲ 42.0%
Current assets
€193k▼ 2.4%
Equity and liabilities €204k
Equity
€69k▼ 33.5%
Debt
€135k▲ 32.9%
The debt ratio rises from 49.3% to 66.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€15k▼
2024 · €32k
Cash flow
€14k▼
2024 · €28k
Solvency
34.0%▼
2024 · 50.7%
Current ratio
1.43▼
2024 · 1.95
Quick ratio
1.40▼
2024 · 1.94
Debt / equity
1.94▲
2024 · 0.97
ROE
8.6%▼
2024 · 15.4%
ROA
2.9%▼
2024 · 7.8%
Interest coverage
376.94▼
2024 · 616.55
Debt
€135k▲
2024 · €101k
Debt ≤ 1 year
€135k▲
2024 · €101k
Income taxes
€2k▼
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€205k€204k▼
Fixed assets21/28€8k€11k▲
Tangible fixed assets22/27€8k€11k▲
Plant, machinery and equipment23€1k€10k▲
Furniture and vehicles24€7k€847▼
Current assets29/58€198k€193k▼
Stocks and contracts in progress3€1k€4k▲
Stocks30/36€1k€4k▲
Amounts receivable within one year40/41€15k€17k▲
Trade receivables40€5k€7k▲
Other amounts receivable41€10k€10k=
Cash at bank and in hand54/58€181k€159k▼
Deferred charges and accrued income490/1-€12k
Equity and liabilities
Total equity and liabilities10/49€205k€204k▼
Equity10/15€104k€69k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€84k€49k▼
Amounts payable17/49€101k€135k▲
Amounts payable within one year42/48€101k€135k▲
Trade debts44€2k€505▼
Suppliers440/4€2k€505▼
Taxes, remuneration and social security45€2k€9k▲
Taxes450/3€2k€9k▲
Other amounts payable47/48€97k€125k▲
Income statement
Code20242025
Non-recurring operating income76A€14€87▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€8k▼
Other operating charges640/8€179€83▼
Gross operating margin9900€33k€15k▼
Operating profit (loss)9901€20k€7k▼
Financial income75/76B€739€722▼
Recurring financial income75€739€722▼
Financial charges65/66B€53€40▼
Recurring financial charges65€53€40▼
Profit (loss) for the period before taxes9903€21k€8k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€16k€6k▼
Profit (loss) for the period to be appropriated9905€16k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€50k▼
Profit (loss) brought forward from the previous period14P€68k€44k▼
Transfer from equity791/2-€40k
Profit to be distributed694/7€859€41k▲
Return on contributions (dividend)694€859€41k▲
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €104k ▲17.1%
7 profitable years in a row build equity to €104k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €20k ▲373%
Net result €20k, the highest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €4k ▼19.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
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 3 acts read
About the unread acts
We know of 3 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
1 director, last change in 2023
Pardon Cis
CurrentDirector · since 14-11-2023
14-11-2023
Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2014
Ground area
1,173 m²
Building footprint
112 m²
Volume, LiDAR
784 m³
Parcel 12012C0483/00B000, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ciselek
since 20142.225.496.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12012C0483/00B000 | Flanders | 1,173 m² | 1 · 112 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 22,731 companies in sector 43211 we hold annual accounts for 10,271. 8,707 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2014
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33140Repair and maintenance of electrical equipment
33190Repair, maintenance and installation of machinery and equipment
41001General construction of residential buildings
90022Arts creation and performing arts activities
90029Arts creation and performing arts activities
90392Design and construction of stages and sets
90399Other support activities for arts and performing arts
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.