Turnover
≈ €240,000 estimated
The micro format states no turnover.
CYGNOR
Lifetime
13 annual accounts with figures on one time axispeak €141,051 (2022)
€48,221▲ 35.9%
lowest -€30,949 (2020)
€986▲ €11,083
peak €198,168 (2023)
€189,056▲ 0.5%
€171,420▼ 7.8%
Board1 name since 2021
1 directorDe Graef Stefanie
Documentsfilings and deeds
26-07-20265 days before the deadline
2025micro format
Gross margin from €35,486 to €48,221Back to profit: €986
Key points
from the 2025 annual accountsFilings
13 annual accounts since 2013
Six of the last ten came late. The 2023 accounts came latest: 69 days after the end of the period.
Position in the sector
€189,056
More equity than 90% of companies in food and beverage service. Sector median €28,663 · 17,189 companies.
Checked score
67
Healthy
Financially stronger than 48% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.7%▼ -0.1 percentage points vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 1.1%▼ -0.1 percentage points vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.0%▼ -0.1 percentage points vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
1 of the last 3 accounts late
Size: total assets €368,635
lowers risk
Founded in 2013
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 (NACE 56, micro). It does better than 69% of them on solvency, 31% on liquidity, 48% on profitability and 42% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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, 10,904 companies had the same profile as CYGNOR has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CYGNOR itself is higher: 1.0% within 12 months. It rests on far more data about CYGNOR than the profile alone.
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 10,904 companies, not a prediction for CYGNOR. 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 €12,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.47 (0.69 in 2024), below 1. Short-term debt is 43.1% and cash 5.5% of total assets. 48.7% 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 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 days early
2024
30 days late
2023
69 days late
2022
on the day
2021
on the day
2020
31 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed 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 31 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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0515947552
First establishment
Blanc Fixe, Drongenstationstraat 2B, Ghent
Incorporation
published on 05-03-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CYGNOR Ghent | €368,635 | €48,221 | 51.3% | - |
| D&D Cuisines et évènements Chaudfontaine | €372,255 | €56,740 | 30.0% | - |
| ROJO Schilde | €346,180 | €39,655 | 99.8% | - |
| Traiteur Lemahieu-Braem Wervik | €345,831 | €47,358 | 52.5% | - |
| LAURUS Oudenaarde | €318,282 | €50,020 | 17.7% | - |
| PIC NIC DEL MUNDO Ghent | €365,131 | €56,309 | 45.3% | - |
| LES DINERS D'ANNE-FLEUR Uccle | €363,448 | €37,187 | 45.2% | - |
These companies have the same main activity as CYGNOR: event catering (NACE 56210). They are comparable in size and age: total assets between €318,000 and €372,000, founded between 2010 and 2015.
Official details
Source: KBO- Status
- Active since 21-02-2013Normal situation
- Activity
- Event cateringNACE 56210and 6 others
- Establishment unit
- 2.219.939.6249031 Ghent, since 22-02-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 21-01-2026
Annual accounts 2025
- €368,635▼ 3.6%
- Filing
- Filed on 26-07-2026, 5 days before the end of the filing period
Insights on CYGNOR
CYGNOR files the micro format. That format states no turnover. The gross margin fell from €105,821 in 2013 to €48,221 in 2025.
The balance sheet grew most from 2014 to 2016 through fixed assets.
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 CYGNOR
- What is the company number of CYGNOR?
- The company number of CYGNOR is 0515.947.552. The VAT number is the same number with BE in front: BE 0515.947.552.
- Where is CYGNOR based?
- The registered office is at Drongenstationstraat 2B, 9031 Ghent.Company details
- What does CYGNOR do?
- According to the KBO register, the main activity is event catering (NACE 56210).
- What is the legal form of CYGNOR?
- CYGNOR is a private limited company (pre-2019) (BVBA).
- When was CYGNOR founded?
- CYGNOR was founded on 21-02-2013.
- Is CYGNOR still active?
- Yes, CYGNOR is an active enterprise in the KBO register.
- What is the turnover of CYGNOR?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €48,221 and 177 comparable companies (NACE 56). It probably lies between €170,000 and €320,000.Financials
- Is CYGNOR profitable?
- In financial year 2025, CYGNOR made a profit of €986.
- Where can I find the annual accounts of CYGNOR?
- CYGNOR filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CYGNOR due?
- CYGNOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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