CITAK
ActiveSummary
The computed 12-month bankruptcy probability of CITAK is 1.9% (moderate). The 2024 annual accounts show negative equity (-€4,827) and a net result of €18,013. Equity is shrinking by ~6% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 106 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,632 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,235 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €120 | €50 | ▼ 58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,469 | €1,085 | - | €1,157 | €1,099 | ▼ 5.0% |
| Other operating charges640/8 | - | €917 | €157 | €1,511 | €711 | ▼ 53.0% |
| Gross operating margin9900 | €181 | -€4,334 | -€599 | €179 | €20,175 | ▲ 11,152% |
| Operating profit (loss)9901 | -€2,087 | -€6,337 | -€755 | -€2,609 | €18,315 | ▲ 802% |
| Financial income75/76B | - | €0 | - | €2 | €3 | ▲ 119% |
| Recurring financial income75 | €3 | €0 | - | €2 | €3 | ▲ 119% |
| Financial charges65/66B | - | €147 | €81 | €236 | €306 | ▲ 29.4% |
| Recurring financial charges65 | €156 | €147 | €81 | €236 | €306 | ▲ 29.4% |
| Profit (loss) for the period before taxes9903 | €1,285 | -€6,483 | -€837 | -€2,843 | €18,013 | ▲ 734% |
| Income taxes67/77 | - | - | - | €128 | - | - |
| Profit (loss) for the period9904 | €1,285 | -€6,483 | -€837 | -€2,971 | €18,013 | ▲ 706% |
| Profit (loss) for the period to be appropriated9905 | €1,285 | -€6,483 | -€837 | -€2,971 | €18,013 | ▲ 706% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,820 | €13,513 | €5,344 | €12,994 | €5,212 | ▼ 59.9% |
| Fixed assets21/28 | €5,710 | €4,625 | €4,625 | €4,759 | €3,660 | ▼ 23.1% |
| Tangible fixed assets22/27 | €5,710 | €4,625 | €4,625 | €4,759 | €3,660 | ▼ 23.1% |
| Land and buildings22 | - | €4,030 | €4,030 | €3,143 | €2,500 | ▼ 20.4% |
| Plant, machinery and equipment23 | - | €595 | €595 | €397 | €198 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | €1,219 | €961 | ▼ 21.2% |
| Current assets29/58 | €8,110 | €8,888 | €719 | €8,236 | €1,552 | ▼ 81.2% |
| Stocks and contracts in progress3 | €970 | - | - | €4,253 | - | - |
| Stocks30/36 | - | - | - | €4,253 | - | - |
| Amounts receivable within one year40/41 | €4,655 | €7,097 | €690 | €135 | €1,552 | ▲ 1,050% |
| Trade receivables40 | - | €6,381 | - | - | - | - |
| Other amounts receivable41 | - | €715 | €690 | €135 | €1,552 | ▲ 1,050% |
| Cash at bank and in hand54/58 | €2,172 | €1,600 | - | €3,847 | €1 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | €191 | €29 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,820 | €13,513 | €5,344 | €12,994 | €5,212 | ▼ 59.9% |
| Equity10/15 | -€12,549 | -€19,032 | -€19,869 | -€22,840 | -€4,827 | ▲ 78.9% |
| Contributions10/11 | - | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Profit (loss) carried forward14 | -€24,149 | -€30,632 | -€31,469 | -€34,440 | -€16,427 | ▲ 52.3% |
| Amounts payable17/49 | €26,370 | €32,545 | €25,213 | €35,834 | €10,039 | ▼ 72.0% |
| Amounts payable within one year42/48 | €26,370 | €32,545 | €25,213 | €35,834 | €10,039 | ▼ 72.0% |
| Financial debts43 | - | - | €1 | - | €257 | - |
| Credit institutions430/8 | - | - | €1 | - | €257 | - |
| Trade debts44 | €3,566 | €2,803 | - | €13,095 | €2,763 | ▼ 78.9% |
| Suppliers440/4 | - | €2,803 | - | €13,095 | €2,763 | ▼ 78.9% |
| Taxes, remuneration and social security45 | - | - | - | €128 | €128 | = |
| Taxes450/3 | - | - | - | €128 | €128 | = |
| Other amounts payable47/48 | - | €29,743 | €25,211 | €22,611 | €6,890 | ▼ 69.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,285 | -€6,483 | -€837 | -€2,971 | €18,013 | ▲ 706% |
| + Depreciation and write-downs630 | €1,469 | €1,085 | - | €1,157 | €1,099 | ▼ 5.0% |
| Operating cash flow (approximation) | €2,754 | -€5,398 | -€837 | -€1,814 | €19,112 | ▲ 1,154% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,291 | €0 | ▲ 100% |
| Change in cash | - | -€572 | - | - | -€3,847 | - |
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
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B0236/00Y003 | Flanders | 203 m² | 1 · 132 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 30 September 2026 · Peppol Directory
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