Result
€44,706 ▼ 99.4%
The result fell in 2025: different schema filed.
Civitas
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €9.3m (2024)
-€3,443▼ €9.3m
Resultlowest -€167,309 (2023)
€44,706▼ 99.4%
Equitypeak €3.5m (2025)
€3.5m▲ 1.3%
Debts
€507,836▲ 3.5%
Staffpeak 0 FTE (2023)
0 FTE
Board4 names since 2019
4 directorsBOUW GEORGES TANGHE and 3 others
Owners5 names in the annual accounts
50%CONDIUS and 3 others
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Gross margin from €9.3m to -€3,443Result from €7.1m to €44,706Cash from €40,689 to €516,191
Key points
from the 2025 annual accountsFilings
6 annual accounts 1 late
The 2021 accounts came 22 days late. The other five were filed on time.
At the same address
15 companies
Checked score
96
Excellent
Financially stronger than 66% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%highest value
01-2025: 0.4%● unchanged vs 12-2024highest value
02-2025: 0.4%● unchanged vs 01-2025highest value
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%▼ -0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2019
Profit of €44,706 (financial year 2025)
lowers risk
Size: total assets €4.0m
Figures for financial year 2025 (filed on 14-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 82% of them on solvency, 86% on liquidity, 44% on profitability and 54% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,639 companies had the same profile as Civitas has now. Each dot stands for 5 companies, two years later.
95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Civitas itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,639 companies, not a prediction for Civitas. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €330,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.91 (8.05 in 2024), above the usual 1.5. Short-term debt is 12.7% and cash 12.9% of total assets. 12.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 days early
2024
21 days early
2023
29 days early
2022
19 days early
2021
22 days late
2020
19 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 14 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BG
BOUW GEORGES TANGHE
Director, Valcke, Stephanie Maria Paula Gilberte Erica, since 22-05-2024
DS
D.S.R.T.
Director, Tanghe, Rita Mireille, since 22-05-2024
WP
WEYNE PROPERTIES
Director, Weyne, Gino Sidon, since 22-05-2024
- CONDIUS 50%score 94equity €15.3m (2026) · 31-03-2026 annual accounts of CONDIUS
- D.S.R.T. 30%score 89equity €43.4m (2025) · 2025 annual accounts of D.S.R.T.
- Bouw Georges Tanghe 10%score 95equity €6.9m (2025) · 2025 annual accounts of Bouw Georges Tanghe
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0724683040
4 directors reappointed
Permanent representatives: Tanghe, Rita Mireille; Valcke, Stephanie Maria Paula Gilberte Erica and Weyne, Gino Sidon · D.S.R.T.; BOUW GEORGES TANGHE; WEYNE PROPERTIES and Weyne, Justin Lucien Robert · Board meeting of 14-11-2023 · Gazette deed
Incorporation
published on 11-04-2019 · Gazette deed
First establishment
Franslaan 59, Nieuwpoort
Official details
Source: KBO- Status
- Active since 09-04-2019Normal situation
- Registered office
- 16 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.288.272.1648620 Nieuwpoort, since 09-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- Total assets
- €4.0m▲ 1.6%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Companies linked to Civitas
Shareholders
Insights on Civitas
Civitas has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €44,706.
Equity has been growing by about 3.6% per year since 2020. The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Civitas
- What is the company number of Civitas?
- The company number of Civitas is 0724.683.040. The VAT number is the same number with BE in front: BE 0724.683.040.
- Where is Civitas based?
- The registered office is at Franslaan 59, 8620 Nieuwpoort.Company details
- What is the legal form of Civitas?
- Civitas is a public limited company (NV).
- When was Civitas founded?
- Civitas was founded on 09-04-2019.
- Is Civitas still active?
- Yes, Civitas is an active enterprise in the KBO register.
- What is the turnover of Civitas?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is Civitas profitable?
- In financial year 2025, Civitas made a profit of €44,706.
- Where can I find the annual accounts of Civitas?
- Civitas filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Civitas due?
- Civitas must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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