CISTUS
ActiveCISTUS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €640k and a net result of €179k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+10
Solvency75▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.32 in 2024; short-term debt: 15.1% and cash: 19.3% of total assets), but 50.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
49.7%
Return on assets
13.9%
Age of the figures
9 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 18-03-2026, 135 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
135 d early
2024
3 d early
2023
28 d late
2022
38 d early
2021
17 d early
2020
11 d early
2019
57 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€640k▲ 31.0%
2024 · €489k
2018: €275k
2019: €275k
2020: €288k
2021: €327k
2022: €399k
2023: €420k
2024: €489k
2018 → 2025
Total assets
€1.29M▲ 12.2%
2024 · €1.15M
2018: €361k
2019: €614k
2020: €623k
2021: €947k
2022: €1.05M
2023: €1.07M
2024: €1.15M
2018 → 2025
Net result
€179k▲ 159%
2024 · €69k
2018: €44k
2019: €290
2020: €13k
2021: €39k
2022: €72k
2023: €21k
2024: €69k
2018 → 2025
Working capital
€189k▲ 277%
2024 · €50k
2018: €286k
2019: €136k
2020: €51k
2021: €63k
2022: €-78k
2023: €1k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€327k-€399k▲ 22.0%€420k▲ 5.2%€489k▲ 16.5%€640k▲ 31.0%
Operating result€46k-€110k▲ 138%€60k▼ 45.5%€117k▲ 96.4%€285k▲ 143%
Net result€39k-€72k▲ 86.5%€21k▼ 71.0%€69k▲ 232%€179k▲ 159%
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 143% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€904k▼ 3.7%
Current assets
€383k▲ 83.7%
Equity and liabilities €1.29M
Equity
€640k▲ 31.0%
Debt
€647k▼ 1.7%
The debt ratio falls from 57.4% to 50.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€357k▲
2024 · €189k
Cash flow
€251k▲
2024 · €141k
Solvency
49.7%▲
2024 · 42.6%
Current ratio
1.98▲
2024 · 1.32
Quick ratio
1.94▲
2024 · 1.28
Debt / equity
1.01▼
2024 · 1.35
ROE
27.9%▲
2024 · 14.1%
ROA
13.9%▲
2024 · 6.0%
Interest coverage
19.38▲
2024 · 9.16
Debt
€647k▼
2024 · €659k
Debt ≤ 1 year
€194k▲
2024 · €158k
Debt > 1 year
€453k▼
2024 · €500k
Income taxes
€89k▲
2024 · €28k
Staff costs
€112k▲
2024 · €111k
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€1.15M€1.29M▲
Fixed assets21/28€939k€904k▼
Tangible fixed assets22/27€939k€904k▼
Land and buildings22€886k€861k▼
Plant, machinery and equipment23€44k€39k▼
Furniture and vehicles24€9k€5k▼
Current assets29/58€209k€383k▲
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€75k€116k▲
Trade receivables40€74k€116k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€112k€249k▲
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.29M▲
Equity10/15€489k€640k▲
Contributions10/11€40k€40k=
Reserves13€449k€600k▲
Distributable reserves133€449k€600k▲
Amounts payable17/49€659k€647k▼
Amounts payable after more than one year17€500k€453k▼
Financial debts170/4€295k€256k▼
Other amounts payable178/9€205k€197k▼
Amounts payable within one year42/48€158k€194k▲
Current portion of amounts payable after more than one year42€38k€39k▲
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€56k€52k▼
Suppliers440/4€56k€52k▼
Taxes, remuneration and social security45€60k€90k▲
Taxes450/3€33k€66k▲
Remuneration and social security454/9€27k€24k▼
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3€29€25▼
Income statement
Code20242025
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€111k€112k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€72k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€306k€474k▲
Operating profit (loss)9901€117k€285k▲
Financial income75/76B€719€1k▲
Recurring financial income75€719€1k▲
Financial charges65/66B€21k€18k▼
Recurring financial charges65€21k€18k▼
Profit (loss) for the period before taxes9903€97k€268k▲
Income taxes67/77€28k€89k▲
Profit (loss) for the period9904€69k€179k▲
Profit (loss) for the period to be appropriated9905€69k€179k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€179k▲
Transfer from equity791/2-€27k
Transfer to equity691/2€69k€179k▲
To other reserves6921€69k€179k▲
Profit to be distributed694/7-€27k
Return on contributions (dividend)694-€27k
Social balance
Average headcount (FTE)90872.32.3=
The notes to these accounts (9 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
27-07
State Gazette act
Capital & shares · RestructuringGeneral meeting · Demerger · Incorporation15 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Demerger · Incorporation15 facts ▸
- General meeting, 2026-07-01
- Demerger, partial_split_by_incorporation, EUR
- Incorporation, 2026-07-01
- Founding capital, €1
- Share issue, 800
- Accounting effect, 2026-01-01
- First fiscal year, 2026-01-01/2027-12-31
- Permanent representative, CIETERS Arthur
- Permanent representative, EEMAN Dominique
- Mandate compensation, CIDA-HOLDING
- Mandate compensation, CISTUS
- Power of attorney, ACCOUNTANTSKANTOOR VERBEKE-SANDERS BV
- +3 further facts in this act
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €179k ▲159%
Operating result €285k, net result €179k, both a record.
31-12
Financial
Equity above €500kEq €640k ▲31%
8 profitable years in a row build equity to €640k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 1.02
Current ratio from 0.38 to 1.02; short-term debt falls from €125k to €90k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €290 ▼99.3%
Net result drops to €290, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudenburg · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Klemskerksestraat 78460 OudenburgGround area
1.0 ha
Building footprint
260 m²
Volume, LiDAR
1,329 m³
Parcel 35004A0306/00S000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cistus
since 20082.173.884.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35004A0306/00S000 | Flanders | 1.0 ha | 1 · 260 m² | 8.5 m · 2 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.
Structure & network
Acquisitions and mergers
1 transactionContributed a business line to:VERDUNE
Capital and shareholders
Founding capital 1 EUR · 800 shares
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsHippisch assistent duaal (so)
Paardenhouderij duaal (so)
Similar companies · same sector, comparable size
STUMA
BE 0840.446.602
Heers · Eq €635k
MATADOR, Société d'Architectes
BE 0453.882.497
Ukkel · Eq €633k
Multiprofessionele architectenvennootschap Studio Roma
BE 0823.347.678
Leuven · Eq €651k
OOSTKAAI DESIGN & BUILD
BE 0508.452.620
Kapellen · Eq €666k
Erik De Waele
BE 0821.653.544
Zwevegem · Eq €600k
Of 2,264 companies in sector 71113 we hold annual accounts for 658. 322 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2008
Fiscal year end31-12
Activities, NACEBEL
71113Urban planning and landscape architecture
01430Raising of horses and other equines
85510Sports and recreation education
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.