Financials
- Financial year
- 2025
- Turnover
- €234,990
- Loss
- -€4,881
- Solvency
- 73.1%
Turnover▼ 74.3%
Net result
20182025
CISEO
ActiveSummary
CISEO has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €617,068 and a net result of -€4,881. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 81% of 125 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Activity
Manufacture of electrical equipment
NACE 27120
1 site
Size
€234,990turnover 2025
- Equity
- €617,068
- Loss
- -€4,881
Structure
- Parent
- CILYX GROUP · 100%
- Board
- 4 members
2025 accounts 57 days early3 of 9 deeds summarised
Why 80raises riskLiquidity: current ratio 3.82, cash €1,170, halvedSector: Manufacture of electrical equipment (NACE 27)lowers riskLegal form: public limited companyEquity €617,068 (73.1% of total assets)Show the evidence
Checked score
Score 2025
80
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 40% of its sector peers (NACE 27, micro)
Financial strength · tick = 2024
Average
Solvency
98+20
equity 73.1% of total assets
Liquidity
40+5
short-term debt 26.2% · cash 0.1%
Profitability
36+10
return on assets -0.6%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● unchanged vs 11-2024
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.4%▼ -0.1 percentage points vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.3%▼ -0.3 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.2%▼ -0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.2 percentage points vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.82, compared with 2.2 in 2024, above the usual 1.5; short-term debt: 26.2% and cash: 0.1% of total assets), and 26.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27, micro): better than 77% on solvency, 32% on liquidity, 30% on profitability and 21% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,881
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 04-06-2026, 57 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
57 days early
2024
51 days early
2023
37 days early
2022
19 days early
2021
29 days late
2020
9 days early
2019
28 days 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 25 days before the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Resignation: SRL BELLERIVE Management & Co…Gazette deed
- Annual accounts filedfinancial year 2024 · full…
Key points
- Caution: Turnover fell in 2025from €915,847 to €234,990 ▼ 74.3% View
- Positive: Among the best 19% on solvencysector median 43.4% · 125 companies 73.1% View
- Controlled by CILYX GROUP 100% View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€4,881 View
- Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View
By topic
Board & ownership
- Board
- 4 members
- Parent
- CILYX GROUP · 100%
- KREUILDirector
- MARELEODirector
- NOSHAQ PARTNERSDirector
- Investpartner SC SCRLDirector
Network & group
- Connected companies
- 4
Timeline
- Events
- 16
- Since
- 2019
- Next accounts
- by 31-07-2027
- 24-06-2024Annual accounts filed
- 08-02-2024Reappointments: Mareleo SComm, Kreuil SComm and Investpartner…
- 11-01-2024Reappointments: MARELEO, KREUIL and 2 others
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of electrical equipmentNACE 27120
- Founded
- 09-06-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 35
- Annual meeting
- Second Wednesday of May at 18:00
- Purpose
- “La société a pour objet le développement et la gestion de projets industriels dans le…” (deed in French)
Key facts about CISEO
- What is the company number of CISEO?
- 0676.685.361. In Belgium the VAT number is the company number with BE in front: BE 0676.685.361.
- Where is CISEO based?
- The registered office is at Rue Louis Plescia 7, 4102 Seraing.Company details
- What does CISEO do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27120).
- What is the legal form of CISEO?
- Public limited company (NV).
- When was CISEO founded?
- On 09-06-2017.
- Is CISEO still active?
- Yes, CISEO is an active enterprise in the KBO register.
- How many employees does CISEO have?
- On average 4.6 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of CISEO?
- €234,990 in financial year 2025, according to the filed annual accounts.
- Is CISEO profitable?
- In financial year 2025, CISEO made a loss of €4,881.
- Where can I find the annual accounts of CISEO?
- CISEO filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CISEO due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to CISEO
Parent and group
- CILYX GROUP100%
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- EIA - TECHNICSAartselaar
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- P&FWetteren
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