ECIGNIC
ActiveSummary
The computed 12-month bankruptcy probability of ECIGNIC is 3.5% (moderate). The 2025 annual accounts show negative equity (-€7,128) and a net result of -€12,382. Its solvency ranks better than 16% of 13,741 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries.
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-10-2023 Normal situation
- Legal form
- Private limited company
- Activity
- Wholesale of electrical household appliances and audio-video equipment NACE 46431
- Establishment unit
- 2.351.190.126 since 27-10-2023
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.5%
- Gross margin
- -€12,278
- Loss
- €12,382
- Equity
- -€7,128
- Total assets
- €56,400
- ▼ 27.1%
- Negative equity on 30-09-2025
Score breakdownraises riskEx-officio strike-off in the KBONegative equity -€7,128Founded in 2023lowers riskSize: total assets €56,400Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 14% of them on solvency, 18% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 4 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-04-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €12,278, after a profit of €5,986 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Financial fixed assets | €11,925 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Gross operating margin9900 | €5,986 | -€12,278 | - |
| Operating profit (loss)9901 | €5,986 | -€12,278 | - |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | €669 | €105 | ▼ 84.3% |
| Recurring financial charges65 | €669 | €105 | ▼ 84.3% |
| Profit (loss) for the period before taxes9903 | €5,318 | -€12,382 | - |
| Income taxes67/77 | €1,064 | - | - |
| Profit (loss) for the period9904 | €4,254 | -€12,382 | - |
| Profit (loss) for the period to be appropriated9905 | €4,254 | -€12,382 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €77,326 | €56,400 | ▼ 27.1% |
| Fixed assets21/28 | €11,925 | €11,925 | = |
| Financial fixed assets28 | €11,925 | €11,925 | = |
| Current assets29/58 | €65,401 | €44,475 | ▼ 32.0% |
| Stocks and contracts in progress3 | €29,813 | - | - |
| Stocks30/36 | €29,813 | - | - |
| Amounts receivable within one year40/41 | €31,178 | €34,242 | ▲ 9.8% |
| Trade receivables40 | €30,228 | €24,806 | ▼ 17.9% |
| Other amounts receivable41 | €950 | €9,436 | ▲ 893% |
| Cash at bank and in hand54/58 | €3,125 | €8,710 | ▲ 179% |
| Deferred charges and accrued income490/1 | €1,285 | €1,524 | ▲ 18.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €77,326 | €56,400 | ▼ 27.1% |
| Equity10/15 | €5,254 | -€7,128 | - |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €4,254 | -€8,128 | - |
| Amounts payable17/49 | €72,072 | €63,528 | ▼ 11.9% |
| Amounts payable within one year42/48 | €72,072 | €63,528 | ▼ 11.9% |
| Trade debts44 | €31,625 | €20,527 | ▼ 35.1% |
| Suppliers440/4 | €31,625 | €20,527 | ▼ 35.1% |
| Taxes, remuneration and social security45 | €3,847 | €6,401 | ▲ 66.4% |
| Taxes450/3 | €3,847 | €6,401 | ▲ 66.4% |
| Other amounts payable47/48 | €36,600 | €36,600 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,254 | -€12,382 | - |
| Operating cash flow (approximation) | €4,254 | -€12,382 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €5,585 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as ECIGNIC has now. Two years later, 84.9% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ECIGNIC itself: 3.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for ECIGNIC. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- ALI CEM HANCER 1,000 shares (100%) · €1,000 in cash
Capital transactions
- 31-10-2023 Incorporation · €1,000 · 1,000 shares
Network & group
ECIGNIC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ECIGNIC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-07
Gazette deed
Registered office moved from Turnhout to Ravels1 point ▸
- Registered-office move, 2380 Ravels,Kanaaldijk 4A
31-10
Gazette deed
IncorporationStarting capital €1,000 · Appointment: ALI CEM HANCER (statutory director) · Founder6 points ▸
- Incorporation, 26-10-2023
- Founder, ALI CEM HANCER
- Founding capital, €1,000
- Board rule, 1
- Director appointment, ALI CEM HANCER (statutory director)
- Power of attorney, mentioned 2 times in the deed
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 2300 Turnhout until 16-06-2024 · act of 24-07-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13035A0004/00Z071 | Flanders | 1,086 m² | - | - |