CIVIC NETWORK
ActiveSummary
The computed 12-month bankruptcy probability of CIVIC NETWORK is 4.6% (elevated). For CIVIC NETWORK, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-13k) and a net result of €-2k. Equity is shrinking by ~37% per year across the filed fiscal years. The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Age of the figures
Age of the figures
36 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 03-04-2024, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
27 d early
2022
10 d late
2021
27 d late
2020
30 d early
2019
8 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-13k▼ 22.2%
2022 · €-11k
2019: €-3khighest in 5 years
2020: €-6k▼ -86.7% vs 2019
2021: €-7k▼ -24.8% vs 2020
2022: €-11k▼ -55.3% vs 2021
2023: €-13k▼ -22.2% vs 2022lowest in 5 years
2019 → 2023
Total assets
€1k▼ 31.0%
2022 · €2k
2019: €3k
2020: €3k▲ +25.1% vs 2019highest in 5 years
2021: €2k▼ -43.8% vs 2020
2022: €2k▲ +2.4% vs 2021
2023: €1k▼ -31.0% vs 2022lowest in 5 years
2019 → 2023
Net result
€-2k▲ 37.8%
2022 · €-4k
2019: €-8klowest in 5 years
2020: €-3k▲ +68.0% vs 2019
2021: €-1k▲ +46.7% vs 2020highest in 5 years
2022: €-4k▼ -179% vs 2021
2023: €-2k▲ +37.8% vs 2022
2019 → 2023
Working capital
€-13k▼ 22.2%
2022 · €-11k
2019: €-3khighest in 5 years
2020: €-6k▼ -79.9% vs 2019
2021: €-7k▼ -23.0% vs 2020
2022: €-11k▼ -55.3% vs 2021
2023: €-13k▼ -22.2% vs 2022lowest in 5 years
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-3k-€-6k▼ 86.7%€-7k▼ 24.8%€-11k▼ 55.3%€-13k▼ 22.2%
2019: €-3khighest in 5 years
2020: €-6k▼ -86.7% vs 2019
2021: €-7k▼ -24.8% vs 2020
2022: €-11k▼ -55.3% vs 2021
2023: €-13k▼ -22.2% vs 2022lowest in 5 years
Operating result€-8k-€-3k▲ 68.3%€-1k▲ 47.7%€-4k▼ 181%€-2k▲ 38.3%
2019: €-8klowest in 5 years
2020: €-3k▲ +68.3% vs 2019
2021: €-1k▲ +47.7% vs 2020highest in 5 years
2022: €-4k▼ -181% vs 2021
2023: €-2k▲ +38.3% vs 2022
Net result€-8k-€-3k▲ 68.0%€-1k▲ 46.7%€-4k▼ 179%€-2k▲ 37.8%
2019: €-8klowest in 5 years
2020: €-3k▲ +68.0% vs 2019
2021: €-1k▲ +46.7% vs 2020highest in 5 years
2022: €-4k▼ -179% vs 2021
2023: €-2k▲ +37.8% vs 2022
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 €2k in 2023 against €4k in 2022; the loss shrinks.
Key figures and ratios
Debt
€15k▲
2022 · €13k
Debt ≤ 1 year
€15k▲
2022 · €13k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 35 lines
Balance sheet
Code20222023
Assets
Total assets20/58€2k€1k▼
Current assets29/58€2k€1k▼
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€525-
Other amounts receivable41€1k€1k=
Cash at bank and in hand54/58€123€46▼
Equity and liabilities
Total equity and liabilities10/49€2k€1k▼
Equity10/15€-11k€-13k▼
Contributions10/11€31k€31k=
Capital10€31k€31k=
Issued capital100€31k€31k=
Reserves13€25k€25k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€-67k€-70k▼
Amounts payable17/49€13k€15k▲
Amounts payable within one year42/48€13k€15k▲
Trade debts44€2k€2k▼
Suppliers440/4€1k€1k▼
Bills of exchange payable441€1k€1k=
Other amounts payable47/48€11k€12k▲
Income statement
Code20222023
Goods, raw materials, services and sundry goods60/61-€2k
Other operating charges640/8€407€349▼
Gross operating margin9900€-3k€-2k▲
Operating profit (loss)9901€-4k€-2k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€48€52▲
Recurring financial charges65€48€52▲
Profit (loss) for the period before taxes9903€-4k€-2k▲
Profit (loss) for the period9904€-4k€-2k▲
Profit (loss) for the period to be appropriated9905€-4k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-70k▼
Profit (loss) brought forward from the previous period14P€-63k€-67k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80 | €80 | €80 | - | - | - |
| Other operating charges640/8 | - | - | €707 | €407 | €349 | ▼ 14.4% |
| Gross operating margin9900 | €-8k | €-2k | €-591 | €-3k | €-2k | ▲ 41.1% |
| Operating profit (loss)9901 | €-8k | €-3k | €-1k | €-4k | €-2k | ▲ 38.3% |
| Financial income75/76B | - | - | €4 | - | €2 | - |
| Recurring financial income75 | €9 | €2 | €4 | - | €2 | - |
| Financial charges65/66B | - | - | €32 | €48 | €52 | ▲ 7.9% |
| Recurring financial charges65 | €2 | €0 | €32 | €48 | €52 | ▲ 7.9% |
| Profit (loss) for the period before taxes9903 | €-8k | €-3k | €-1k | €-4k | €-2k | ▲ 37.8% |
| Income taxes67/77 | €-97 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-8k | €-3k | €-1k | €-4k | €-2k | ▲ 37.8% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-3k | €-1k | €-4k | €-2k | ▲ 37.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3k | €3k | €2k | €2k | €1k | ▼ 31.0% |
| Fixed assets21/28 | €160 | €80 | - | - | - | - |
| Tangible fixed assets22/27 | €160 | €80 | - | - | - | - |
| Current assets29/58 | €3k | €3k | €2k | €2k | €1k | ▼ 31.0% |
| Amounts receivable within one year40/41 | €1k | €2k | €1k | €2k | €1k | ▼ 28.9% |
| Trade receivables40 | - | - | - | €525 | - | - |
| Other amounts receivable41 | - | - | €1k | €1k | €1k | = |
| Cash at bank and in hand54/58 | €909 | €2k | €601 | €123 | €46 | ▼ 62.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3k | €3k | €2k | €2k | €1k | ▼ 31.0% |
| Equity10/15 | €-3k | €-6k | €-7k | €-11k | €-13k | ▼ 22.2% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Capital10 | - | - | €31k | €31k | €31k | = |
| Issued capital100 | - | - | €31k | €31k | €31k | = |
| Reserves13 | €25k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | - | - | €3k | €3k | €3k | = |
| Legal reserve130 | - | - | €3k | €3k | €3k | = |
| Distributable reserves133 | - | - | €22k | €22k | €22k | = |
| Profit (loss) carried forward14 | €-59k | €-62k | €-63k | €-67k | €-70k | ▼ 3.6% |
| Amounts payable17/49 | €6k | €9k | €9k | €13k | €15k | ▲ 14.2% |
| Amounts payable within one year42/48 | €6k | €9k | €9k | €13k | €15k | ▲ 14.2% |
| Trade debts44 | €2k | €3k | €1k | €2k | €2k | ▼ 0.8% |
| Suppliers440/4 | - | - | €402 | €1k | €1k | ▼ 1.4% |
| Bills of exchange payable441 | - | - | €1k | €1k | €1k | = |
| Other amounts payable47/48 | - | - | €8k | €11k | €12k | ▲ 17.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-3k | €-1k | €-4k | €-2k | ▲ 37.8% |
| + Depreciation and write-downs630 | €80 | €80 | €80 | - | - | - |
| Operating cash flow (approximation) | €-8k | €-3k | €-1k | €-4k | €-2k | ▲ 37.8% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €614 | €-921 | €-479 | €-76 | ▲ 84.0% |
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
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 8 days late
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
09-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
NBB filing
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, Koekelberg · 1 establishment unit since 1992
Ground area
588 m²
Building footprint
454 m²
Volume, LiDAR
4,651 m³
2 parcels, Brussels · tallest building 17.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Terhulpsesteenweg 194, 1170 Watermaal-Bosvoorde
since 19922.058.043.555
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0699/00P000 | Brussels | 395 m² | 1 · 333 m² | 17.9 m · 3 fl. |
| 21492B0007/00Z007 | Brussels | 193 m² | 1 · 121 m² | 15.4 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.
Identification & contact
Identification
Legal formPublic limited company
Founded10-03-1992
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.