CIVANKI
Open bankruptcyA bankruptcy procedure is open for CIVANKI according to publications in the Belgian State Gazette; curator: BRECHT DAWYNDT.
Summary
The 2024 annual accounts show negative equity (-€36,928) and a net result of -€17,751.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ostend division
- Declared bankrupt
- 26 March 2026
- Supervising judge
- Jan Vercruysse
- Official Gazette
- 01-04-2026 (pdf) ↗search the document for 2026/114162
Deadlines
- Provisional date payments stopped
- 26 March 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 16 April 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 April 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 25 May 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 26 March 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Brecht DawyndtKuipweg 6, 8400 Oostendebrecht.dawyndt@advocaat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€36,928
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
62 d late
2022
416 d late
2021
60 d late
2020
16 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 94 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of clothing and accessories for women, men, children and babies (general range) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€36,928▼ 92.6%
2023 · -€19,177
Total assets
€8,514▼ 48.2%
2023 · €16,432
Net result
-€17,751▼ 173%
2023 · -€6,502
Working capital
-€37,360▼ 110%
2023 · -€17,786
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result-€8,179-€13,100▼ 60.2%-€11,136▲ 15.0%-€6,081▲ 45.4%-€16,916▼ 178%
Net result-€8,730below the sector's middle half-€13,482below the sector's middle half▼ 54.4%-€11,604below the sector's middle half▲ 13.9%-€6,502below the sector's middle half▲ 44.0%-€17,751below the sector's middle half▼ 173%
Equity€14,153within the sector's middle half▼ 38.2%-€1,072below the sector's middle half-€12,675below the sector's middle half▼ 1,083%-€19,177below the sector's middle half▼ 51.3%-€36,928below the sector's middle half▼ 92.6%
Total assets€27,731below the sector's middle half▼ 42.7%€24,960below the sector's middle half▼ 10.0%€22,281below the sector's middle half▼ 10.7%€16,432below the sector's middle half▼ 26.3%€8,514below the sector's middle half▼ 48.2%
Debt€13,578▼ 46.7%€26,032▲ 91.7%€34,956▲ 34.3%€35,609▲ 1.9%€45,442▲ 27.6%
Working capital€13,825within the sector's middle half▼ 37.8%€5,270within the sector's middle half▼ 61.9%-€9,498within the sector's middle half-€17,786below the sector's middle half▼ 87.3%-€37,360below the sector's middle half▼ 110%
Solvency51.0%within the sector's middle half▲ 3.7pp-4.3%below the sector's middle half▼ 55.3pp-56.9%below the sector's middle half▼ 52.6pp-116.7%below the sector's middle half▼ 59.8pp-433.7%below the sector's middle half▼ 317.0pp
Current ratio2.02within the sector's middle half▲ 0.151.27within the sector's middle half▼ 0.750.69below the sector's middle half▼ 0.580.46below the sector's middle half▼ 0.230.16below the sector's middle half▼ 0.30
Return on assets (ROA)-31.5%below the sector's middle half▼ 48.0pp-54.0%below the sector's middle half▼ 22.5pp-52.1%below the sector's middle half▲ 1.9pp-39.6%below the sector's middle half▲ 12.5pp-208.5%below the sector's middle half▼ 168.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,916 in 2024 against €6,081 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8,514
Fixed assets
€1,350 =
Current assets
€7,164 ▼ 52.5%
Key figures and ratios
EBITDA
-€16,916▼
2023 · -€6,059
Cash flow
-€17,751▼
2023 · -€6,480
Quick ratio
0.03▲
2023 · 0.03
Debt to equity
-1.23▲
2023 · -1.86
Interest coverage
-20.27▼
2023 · -19.43
Debt ≤ 1 year
€44,524▲
2023 · €32,867
Debt > 1 year
€918▼
2023 · €2,741
Income taxes
€0▼
2023 · €109
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | -€306 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €327 | €327 | €6 | €22 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €283 | €61 | €0 | €300 | - |
| Gross operating margin9900 | €41,954 | -€12,795 | -€11,070 | -€6,059 | -€16,616 | ▼ 174% |
| Operating profit (loss)9901 | -€8,179 | -€13,100 | -€11,136 | -€6,081 | -€16,916 | ▼ 178% |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | - | €236 | €348 | €312 | €835 | ▲ 168% |
| Recurring financial charges65 | €553 | €236 | €348 | €312 | €835 | ▲ 168% |
| Profit (loss) for the period before taxes9903 | -€8,730 | -€13,336 | -€11,484 | -€6,393 | -€17,751 | ▼ 178% |
| Income taxes67/77 | - | €146 | €120 | €109 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€8,730 | -€13,482 | -€11,604 | -€6,502 | -€17,751 | ▼ 173% |
| Profit (loss) for the period to be appropriated9905 | -€8,730 | -€13,482 | -€11,604 | -€6,502 | -€17,751 | ▼ 173% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,731 | €24,960 | €22,281 | €16,432 | €8,514 | ▼ 48.2% |
| Fixed assets21/28 | €328 | - | €1,372 | €1,350 | €1,350 | = |
| Tangible fixed assets22/27 | €328 | - | €22 | €0 | - | - |
| Furniture and vehicles24 | - | - | €22 | €0 | - | - |
| Financial fixed assets28 | - | - | €1,350 | €1,350 | €1,350 | = |
| Current assets29/58 | €27,403 | €24,960 | €20,909 | €15,082 | €7,164 | ▼ 52.5% |
| Stocks and contracts in progress3 | €14,000 | €23,750 | €19,232 | €14,200 | €5,869 | ▼ 58.7% |
| Stocks30/36 | - | €23,750 | €19,232 | €14,200 | €5,869 | ▼ 58.7% |
| Amounts receivable within one year40/41 | €2,953 | €518 | €1,649 | €881 | €1,295 | ▲ 46.9% |
| Trade receivables40 | - | - | €688 | €688 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €518 | €961 | €194 | €1,295 | ▲ 568% |
| Cash at bank and in hand54/58 | €10,450 | €693 | €28 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,731 | €24,960 | €22,281 | €16,432 | €8,514 | ▼ 48.2% |
| Equity10/15 | €14,153 | -€1,072 | -€12,675 | -€19,177 | -€36,928 | ▼ 92.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €16,683 | €16,683 | €16,683 | €16,683 | €16,683 | = |
| Distributable reserves133 | - | €16,683 | €16,683 | €16,683 | €16,683 | = |
| Profit (loss) carried forward14 | -€8,730 | -€23,955 | -€35,559 | -€42,061 | -€59,811 | ▼ 42.2% |
| Amounts payable17/49 | €13,578 | €26,032 | €34,956 | €35,609 | €45,442 | ▲ 27.6% |
| Amounts payable after more than one year17 | - | €6,341 | €4,549 | €2,741 | €918 | ▼ 66.5% |
| Financial debts170/4 | - | €6,341 | €4,549 | €2,741 | €918 | ▼ 66.5% |
| Amounts payable within one year42/48 | €13,578 | €19,691 | €30,407 | €32,867 | €44,524 | ▲ 35.5% |
| Current portion of amounts payable after more than one year42 | - | €1,776 | €1,792 | €1,808 | €1,824 | ▲ 0.9% |
| Financial debts43 | - | - | - | €7 | €436 | ▲ 6,078% |
| Credit institutions430/8 | - | - | - | €7 | €436 | ▲ 6,078% |
| Trade debts44 | €989 | €3,572 | €2,331 | €896 | €7,327 | ▲ 718% |
| Suppliers440/4 | - | €3,572 | €2,331 | €896 | €7,327 | ▲ 718% |
| Advances received on contracts in progress46 | - | - | - | - | €173 | - |
| Taxes, remuneration and social security45 | - | €146 | €346 | €903 | €797 | ▼ 11.7% |
| Taxes450/3 | - | €146 | €346 | €903 | €797 | ▼ 11.7% |
| Other amounts payable47/48 | - | €14,196 | €25,938 | €29,254 | €33,967 | ▲ 16.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,730 | -€13,482 | -€11,604 | -€6,502 | -€17,751 | ▼ 173% |
| + Depreciation and write-downs630 | €327 | €327 | €6 | €22 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€8,403 | -€13,155 | -€11,598 | -€6,480 | -€17,751 | ▼ 174% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€9,757 | -€665 | -€28 | - | - |
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
2026
01-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 26-03-2026
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€17,751
Net result drops to -€17,751, the lowest in the series.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 416 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial 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
3 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, Lichtervelde · 1 establishment unit since 2017
Ground area
1.0 ha
Building footprint
314 m²
Volume, LiDAR
2,757 m³
2 parcels, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Civanki
since 20172.267.378.760
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011F0350/00A007 | Flanders | 1.0 ha | 1 · 186 m² | 13.5 m · 3 fl. |
| 31805E0876/00G002 | Flanders | 327 m² | 1 · 128 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRECHT DAWYNDT KUIPWEG 6, 8400 OOSTENDE- |
26-03-2026 → present |
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,441. 1,423 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
Founded01-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680659094
Also
9925:BE0680659094
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.