Ciwalo
ActiveCiwalo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €97k and a net result of €63k. Equity is growing by ~109.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 7962 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
15 d early
2024
1 d early
2023
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▲ 120%
2024 · €44k
2023: €634
2024: €44k
2023 → 2025
Net result
€63k▼ 8.2%
2024 · €68k
2023: €71k
2024: €68k
2023 → 2025
Total assets
€153k▲ 17.3%
2024 · €131k
2023: €96k
2024: €131k
2023 → 2025
Solvency
63.0%▲ 29.4pp
2024 · 33.6%
2023: 0.7%
2024: 33.6%
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€634-€44k▲ 6,834%€97k▲ 120%
Operating result€89k-€87k▼ 2.6%€79k▼ 8.4%
Net result€71k-€68k▼ 3.2%€63k▼ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€25k▼ 6.2%
Current assets
€128k▲ 23.3%
Equity and liabilities €153k
Equity
€97k▲ 120%
Debt
€57k▼ 34.7%
The debt ratio falls from 66.4% to 37.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
63.0%▲
2024 · 33.6%
ROE
64.9%▼
2024 · 155.5%
ROA
40.9%▼
2024 · 52.3%
Debt
€57k▼
2024 · €87k
Debt ≤ 1 year
€56k▼
2024 · €86k
Income taxes
€16k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€131k€153k▲
Fixed assets21/28€27k€25k▼
Tangible fixed assets22/27€27k€25k▼
Furniture and vehicles24€847€2k▲
Other tangible fixed assets26€26k€23k▼
Current assets29/58€104k€128k▲
Amounts receivable within one year40/41€32k€10k▼
Trade receivables40€12k€5k▼
Other amounts receivable41€20k€5k▼
Cash at bank and in hand54/58€63k€106k▲
Deferred charges and accrued income490/1€9k€13k▲
Equity and liabilities
Total equity and liabilities10/49€131k€153k▲
Equity10/15€44k€97k▲
Contributions10/11€100€100=
Reserves13€44k€97k▲
Distributable reserves133€44k€97k▲
Amounts payable17/49€87k€57k▼
Amounts payable within one year42/48€86k€56k▼
Trade debts44€16k€22k▲
Suppliers440/4€16k€22k▲
Taxes, remuneration and social security45€45k€24k▼
Taxes450/3€45k€24k▼
Other amounts payable47/48€25k€10k▼
Accrued charges and deferred income492/3€600€650▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€748€3k▲
Other operating charges640/8€118€120▲
Gross operating margin9900€87k€82k▼
Operating profit (loss)9901€87k€79k▼
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€304€162▼
Recurring financial charges65€304€162▼
Profit (loss) for the period before taxes9903€86k€79k▼
Income taxes67/77€18k€16k▼
Profit (loss) for the period9904€68k€63k▼
Profit (loss) for the period to be appropriated9905€68k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€63k▼
Transfer to equity691/2€43k€53k▲
To other reserves6921€43k€53k▲
Profit to be distributed694/7€25k€10k▼
Return on contributions (dividend)694€25k€10k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €63k ▼8.2%
Net result drops to €63k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zoersel · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zonnebloemlaan 82980 ZoerselGround area
905 m²
Building footprint
174 m²
Volume, LiDAR
814 m³
Parcel 11017A0527/00P000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ciwalo
since 20222.336.510.561
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0527/00P000 | Flanders | 905 m² | 1 · 174 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 12,194 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2022
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.