CIVASE
ActiveSummary
The computed 12-month bankruptcy probability of CIVASE is 2.1% (moderate). The 2024 annual accounts show negative equity (-€93,061) and a net result of -€1,323. Equity remains stable across the filed fiscal years (±0.1% per year). The company has been active since 2006 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 31 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 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,799 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | €1,323 | - |
| Gross operating margin9900 | -€55 | -€109 | -€57 | - | - | - |
| Operating profit (loss)9901 | -€55 | -€109 | -€57 | - | -€1,323 | - |
| Financial charges65/66B | - | €23 | - | - | - | - |
| Recurring financial charges65 | €21 | €23 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€76 | -€133 | -€57 | - | -€1,323 | - |
| Profit (loss) for the period9904 | -€76 | -€133 | -€57 | - | -€1,323 | - |
| Profit (loss) for the period to be appropriated9905 | -€76 | -€133 | -€57 | - | -€1,323 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,822 | €20,799 | €20,799 | €20,755 | €20,755 | = |
| Fixed assets21/28 | €20,755 | €20,755 | €20,755 | €20,755 | €20,755 | = |
| Tangible fixed assets22/27 | €17,755 | €17,755 | €17,755 | €17,755 | €17,755 | = |
| Other tangible fixed assets26 | - | €17,755 | €17,755 | €17,755 | €17,755 | = |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €67 | €44 | €44 | - | - | - |
| Cash at bank and in hand54/58 | €67 | €44 | €44 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,822 | €20,799 | €20,799 | €20,755 | €20,755 | = |
| Equity10/15 | -€91,548 | -€91,681 | -€91,738 | -€91,738 | -€93,061 | ▼ 1.4% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€110,098 | -€110,231 | -€110,288 | -€110,288 | -€111,611 | ▼ 1.2% |
| Amounts payable17/49 | €112,370 | €112,480 | €112,537 | €112,493 | €113,816 | ▲ 1.2% |
| Amounts payable after more than one year17 | €112,112 | €112,112 | €112,112 | €112,126 | €112,126 | = |
| Other amounts payable178/9 | - | €112,112 | €112,112 | €112,126 | €112,126 | = |
| Amounts payable within one year42/48 | €258 | €367 | €424 | €367 | €1,690 | ▲ 360% |
| Other amounts payable47/48 | - | €367 | €424 | €367 | €1,690 | ▲ 360% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€76 | -€133 | -€57 | - | -€1,323 | - |
| Operating cash flow (approximation) | -€76 | -€133 | -€57 | - | -€1,323 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€23 | €0 | - | - | - |
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
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502C0241/00H009 | Flanders | 175 m² | 1 · 171 m² | 11.4 m · 1 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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.