CIZO
ActiveSummary
CIZO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €12k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.15 against 9.13 in 2024; short-term debt: 18.1% and cash: 53.1% of total assets), and 18.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.9%
Return on assets
12.7%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
29 d late
2023
30 d late
2022
31 d early
2021
61 d late
2020
36 d early
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▲ 18.4%
2024 · €64k
2018: €33klowest in 8 years
2019: €42k▲ +27.0% vs 2018
2020: €59k▲ +40.7% vs 2019
2021: €59k● +0.0% vs 2020
2022: €59k● +0.0% vs 2021
2023: €59k▲ +0.1% vs 2022
2024: €64k▲ +8.3% vs 2023
2025: €76k▲ +18.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€93k▲ 35.6%
2024 · €69k
2018: €92k
2019: €86k▼ -6.7% vs 2018
2020: €86k▼ -0.1% vs 2019
2021: €90k▲ +4.6% vs 2020
2022: €74k▼ -17.1% vs 2021
2023: €73k▼ -1.2% vs 2022
2024: €69k▼ -6.5% vs 2023lowest in 8 years
2025: €93k▲ +35.6% vs 2024highest in 8 years
2018 → 2025
Net result
€12k▲ 141%
2024 · €5k
2018: €2k
2019: €9k▲ +349% vs 2018
2020: €17k▲ +91.5% vs 2019highest in 8 years
2021: €17k▼ -2.0% vs 2020
2022: €11▼ -99.9% vs 2021lowest in 8 years
2023: €7k▲ +59558% vs 2022
2024: €5k▼ -26.4% vs 2023
2025: €12k▲ +141% vs 2024
2018 → 2025
Working capital
€53k▲ 56.1%
2024 · €34k
2018: €5klowest in 8 years
2019: €11k▲ +133% vs 2018
2020: €19k▲ +78.3% vs 2019
2021: €15k▼ -21.2% vs 2020
2022: €17k▲ +10.9% vs 2021
2023: €24k▲ +44.3% vs 2022
2024: €34k▲ +40.4% vs 2023
2025: €53k▲ +56.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€59k=€59k▲ 0.1%€64k▲ 8.3%€76k▲ 18.4%
2021: €59klowest in 5 years
2022: €59k● +0.0% vs 2021
2023: €59k▲ +0.1% vs 2022
2024: €64k▲ +8.3% vs 2023
2025: €76k▲ +18.4% vs 2024highest in 5 years
Operating result€16k-€516▼ 96.8%€10k▲ 1,808%€9k▼ 13.1%€17k▲ 99.0%
2021: €16k
2022: €516▼ -96.8% vs 2021lowest in 5 years
2023: €10k▲ +1808% vs 2022
2024: €9k▼ -13.1% vs 2023
2025: €17k▲ +99.0% vs 2024highest in 5 years
Net result€17k-€11▼ 99.9%€7k▲ 59,558%€5k▼ 26.4%€12k▲ 141%
2021: €17khighest in 5 years
2022: €11▼ -99.9% vs 2021lowest in 5 years
2023: €7k▲ +59558% vs 2022
2024: €5k▼ -26.4% vs 2023
2025: €12k▲ +141% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 99% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€23k ▼ 23.7%
Current assets
€70k ▲ 83.1%
Equity and liabilities €93k
Equity
€76k ▲ 18.4%
Debt
€17k ▲ 302%
Debt's share of the balance-sheet total rises from 6.1% to 18.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2024 · €16k
Cash flow
€19k▲
2024 · €12k
Current ratio
4.15▼
2024 · 9.13
Quick ratio
3.77▼
2024 · 7.23
Debt to equity
0.22▲
2024 · 0.06
ROE
15.5%▲
2024 · 7.6%
ROA
12.7%▲
2024 · 7.2%
Interest coverage
35.15▲
2024 · 28.70
Debt ≤ 1 year
€17k▲
2024 · €4k
Income taxes
€5k▲
2024 · €3k
Staff costs
€36k▲
2024 · €33k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€69k€93k▲
Fixed assets21/28€30k€23k▼
Tangible fixed assets22/27€30k€23k▼
Land and buildings22€26k€22k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€3k€0▼
Other tangible fixed assets26€1k€1k=
Current assets29/58€38k€70k▲
Stocks and contracts in progress3€8k€6k▼
Stocks30/36€8k€6k▼
Amounts receivable within one year40/41€3k€13k▲
Trade receivables40€1k€0▼
Other amounts receivable41€2k€13k▲
Cash at bank and in hand54/58€26k€49k▲
Deferred charges and accrued income490/1€589€804▲
Equity and liabilities
Total equity and liabilities10/49€69k€93k▲
Equity10/15€64k€76k▲
Contributions10/11€6k€6k=
Reserves13€35k€47k▲
Non-distributable reserves130/1€974€974=
Reserves not available under the articles1311€974€974=
Distributable reserves133€34k€46k▲
Profit (loss) carried forward14€23k€23k=
Amounts payable17/49€4k€17k▲
Amounts payable within one year42/48€4k€17k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€0€5k▲
Suppliers440/4€0€5k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€0-
Remuneration and social security454/9€2k€7k▲
Other amounts payable47/48€3k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€33k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€466€480▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€55k€60k▲
Operating profit (loss)9901€9k€17k▲
Financial income75/76B€2€3▲
Recurring financial income75€2€3▲
Financial charges65/66B€550€690▲
Recurring financial charges65€550€690▲
Profit (loss) for the period before taxes9903€8k€16k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€5k€12k▲
Profit (loss) for the period to be appropriated9905€5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€35k▲
Profit (loss) brought forward from the previous period14P€23k€23k=
Transfer to equity691/2€5k€12k▲
To other reserves6921€5k€12k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28k | €30k | €33k | €33k | €36k | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | €7k | €7k | ▼ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1k | - | - | - | - | - |
| Other operating charges640/8 | €395 | €463 | €441 | €466 | €480 | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | - | €5k | €0 | ▼ 100% |
| Gross operating margin9900 | €53k | €38k | €51k | €55k | €60k | ▲ 10.7% |
| Operating profit (loss)9901 | €16k | €516 | €10k | €9k | €17k | ▲ 99.0% |
| Financial income75/76B | €3 | €10 | €37 | €2 | €3 | ▲ 40.7% |
| Recurring financial income75 | €3 | €10 | €37 | €2 | €3 | ▲ 40.7% |
| Financial charges65/66B | €544 | €515 | €518 | €550 | €690 | ▲ 25.4% |
| Recurring financial charges65 | €544 | €515 | €518 | €550 | €690 | ▲ 25.4% |
| Profit (loss) for the period before taxes9903 | €16k | €11 | €9k | €8k | €16k | ▲ 104% |
| Income taxes67/77 | €-1k | - | €3k | €3k | €5k | ▲ 45.9% |
| Profit (loss) for the period9904 | €17k | €11 | €7k | €5k | €12k | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €17k | €11 | €7k | €5k | €12k | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90k | €74k | €73k | €69k | €93k | ▲ 35.6% |
| Fixed assets21/28 | €49k | €43k | €35k | €30k | €23k | ▼ 23.7% |
| Tangible fixed assets22/27 | €49k | €43k | €35k | €30k | €23k | ▼ 23.7% |
| Land and buildings22 | €36k | €32k | €28k | €26k | €22k | ▼ 16.1% |
| Plant, machinery and equipment23 | €924 | €551 | €178 | €0 | - | - |
| Furniture and vehicles24 | €12k | €9k | €6k | €3k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €41k | €32k | €38k | €38k | €70k | ▲ 83.1% |
| Stocks and contracts in progress3 | €7k | €8k | €8k | €8k | €6k | ▼ 19.4% |
| Stocks30/36 | €7k | €8k | €8k | €8k | €6k | ▼ 19.4% |
| Amounts receivable within one year40/41 | €158 | €6k | €8k | €3k | €13k | ▲ 289% |
| Trade receivables40 | - | - | - | €1k | €0 | ▼ 100% |
| Other amounts receivable41 | €158 | €6k | €8k | €2k | €13k | ▲ 485% |
| Cash at bank and in hand54/58 | €33k | €16k | €21k | €26k | €49k | ▲ 88.5% |
| Deferred charges and accrued income490/1 | €448 | €661 | €652 | €589 | €804 | ▲ 36.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90k | €74k | €73k | €69k | €93k | ▲ 35.6% |
| Equity10/15 | €59k | €59k | €59k | €64k | €76k | ▲ 18.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €30k | €30k | €30k | €35k | €47k | ▲ 33.6% |
| Non-distributable reserves130/1 | €974 | €974 | €974 | €974 | €974 | = |
| Reserves not available under the articles1311 | €974 | €974 | €974 | €974 | €974 | = |
| Distributable reserves133 | €29k | €29k | €29k | €34k | €46k | ▲ 34.6% |
| Profit (loss) carried forward14 | €23k | €23k | €23k | €23k | €23k | = |
| Amounts payable17/49 | €30k | €15k | €14k | €4k | €17k | ▲ 302% |
| Amounts payable after more than one year17 | €4k | - | - | - | - | - |
| Financial debts170/4 | €4k | - | - | - | - | - |
| Amounts payable within one year42/48 | €26k | €15k | €14k | €4k | €17k | ▲ 302% |
| Current portion of amounts payable after more than one year42 | €10k | €4k | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €3k | €5k | €598 | €0 | €5k | - |
| Suppliers440/4 | €3k | €5k | €598 | €0 | €5k | - |
| Taxes, remuneration and social security45 | €1k | €2k | €4k | €2k | €7k | ▲ 344% |
| Taxes450/3 | - | - | €2k | €0 | - | - |
| Remuneration and social security454/9 | €1k | €2k | €3k | €2k | €7k | ▲ 344% |
| Other amounts payable47/48 | €11k | €3k | €9k | €3k | €4k | ▲ 35.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €11 | €7k | €5k | €12k | ▲ 141% |
| + Depreciation and write-downs630 | €7k | €7k | €7k | €7k | €7k | ▼ 0.2% |
| Operating cash flow (approximation) | €24k | €7k | €14k | €12k | €19k | ▲ 56.8% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-17k | €5k | €5k | €23k | ▲ 332% |
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
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 9.13
Current ratio from 2.75 to 9.13; short-term debt falls from €14k to €4k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €11 ▼99.9%
Net result drops to €11, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €17k ▲91.5%
Operating result €18k, net result €17k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aalter · 1 establishment unit since 2010
Ground area
1,178 m²
Building footprint
167 m²
Volume, LiDAR
910 m³
Parcel 44503H0451/00S003, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CIZO
since 20102.192.503.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0451/00S003 | Flanders | 1,178 m² | 1 · 167 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 21,742 companies in sector 96210 we hold annual accounts for 2,831. 1,921 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
Founded30-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.