Il Cielo
ActiveIl Cielo has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €637k and a net result of €4k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-1
Solvency100▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 22.36 against 2.88 in 2024; short-term debt: 4.5% and cash: 3.3% of total assets), and 15.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
84.8%
Return on assets
0.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-09-2025, 36 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
36 d early
2024
43 d early
2023
64 d early
2022
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€637k▲ 0.6%
2024 · €633k
2022: €154k
2023: €624k
2024: €633k
2022 → 2025
Total assets
€752k▼ 28.0%
2024 · €1.04M
2022: €647k
2023: €1.90M
2024: €1.04M
2022 → 2025
Net result
€4k▼ 58.3%
2024 · €10k
2022: €-15k
2023: €470k
2024: €10k
2022 → 2025
Working capital
€718k▲ 5.3%
2024 · €682k
2022: €203k
2023: €668k
2024: €682k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€154k-€624k▲ 306%€633k▲ 1.5%€637k▲ 0.6%
Operating result€-11k-€686k€-14k€-10k▲ 31.7%
Net result€-15k-€470k€10k▼ 98.0%€4k▼ 58.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €752k
Equity
€637k▲ 0.6%
Debt
€114k▼ 72.2%
The debt ratio falls from 39.3% to 15.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
84.8%▲
2024 · 60.7%
Current ratio
22.36▲
2024 · 2.88
Quick ratio
22.36▲
2024 · 2.88
Debt / equity
0.18▼
2024 · 0.65
ROE
0.6%▼
2024 · 1.5%
ROA
0.5%▼
2024 · 0.9%
Debt
€114k▼
2024 · €411k
Debt ≤ 1 year
€34k▼
2024 · €363k
Debt > 1 year
€45k=
2024 · €45k
Income taxes
€687▼
2024 · €4k
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€1.04M€752k▼
Current assets29/58€1.04M€752k▼
Amounts receivable within one year40/41€21k€37k▲
Other amounts receivable41€21k€37k▲
Current investments50/53-€690k
Cash at bank and in hand54/58€1.02M€25k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€752k▼
Equity10/15€633k€637k▲
Contributions10/11€169k€169k=
Reserves13€465k€469k▲
Distributable reserves133€465k€469k▲
Amounts payable17/49€411k€114k▼
Amounts payable after more than one year17€45k€45k=
Financial debts170/4€45k€45k=
Amounts payable within one year42/48€363k€34k▼
Trade debts44€357k€22k▼
Suppliers440/4€357k€22k▼
Other amounts payable47/48€6k€12k▲
Accrued charges and deferred income492/3€3k€36k▲
Income statement
Code20242025
Other operating charges640/8€557€6k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€-10k€-4k▲
Operating profit (loss)9901€-14k€-10k▲
Financial income75/76B€31k€18k▼
Recurring financial income75€31k€18k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€14k€5k▼
Income taxes67/77€4k€687▼
Profit (loss) for the period9904€10k€4k▼
Profit (loss) for the period to be appropriated9905€10k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€4k▼
Transfer to equity691/2€10k€4k▼
To other reserves6921€10k€4k▼
The notes to these accounts (2 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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 8current ratio 22.36
Current ratio from 2.88 to 22.36; short-term debt falls from €363k to €34k.
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €470k
Net result €470k after one loss-making year.
31-03
Financial
Equity above €500kEq €624k ▲306%
Equity rises from €154k to €624k.
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Wuustwezel · 1 establishment unit since 2021
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.
Heistraat 252990 WuustwezelGround area
2,368 m²
Building footprint
199 m²
Volume, LiDAR
926 m³
Parcel 11053E0337/00B000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Il Cielo
since 20212.320.404.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11053E0337/00B000 | Flanders | 2,368 m² | 1 · 199 m² | 9.0 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 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,472 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2021
Fiscal year end31-03
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
46130Agents in the wholesale of timber and building materials
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.