Immo Cieters
ActiveImmo Cieters has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €-237k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-10
Solvency47▼-53
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.02 against 12.27 in 2023; short-term debt: 73.9% and cash: 0.5% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
22.2%
Return on assets
-4.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8623 sector peers (2025).
NBB · sector comparisonPosition among 8623 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
27 d late
2023
29 d early
2022
6 d early
2021
9 d early
2020
12 d early
2019
23 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.24M▼ 4.2%
2023 · €1.29M
2018: €1.01M
2019: €1.16M
2020: €1.18M
2021: €1.20M
2022: €1.25M
2023: €1.29M
2018 → 2025
Total assets
€5.58M▲ 308%
2023 · €1.37M
2018: €1.16M
2019: €1.33M
2020: €1.32M
2021: €1.28M
2022: €1.33M
2023: €1.37M
2018 → 2025
Net result
€-237k
2023 · €44k
2018: €50k
2019: €152k
2020: €2k
2021: €20k
2022: €51k
2023: €44k
2018 → 2025
Working capital
€-4.03M
2023 · €392k
2018: €134k
2019: €431k
2020: €233k
2021: €281k
2022: €345k
2023: €392k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€1.18M-€1.20M▲ 1.7%€1.25M▲ 4.3%€1.29M▲ 3.5%€1.24M▼ 4.2%
Operating result€6k-€30k▲ 373%€79k▲ 166%€62k▼ 22.0%€-243k
Net result€2k-€20k▲ 938%€51k▲ 158%€44k▼ 14.4%€-237k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-243k in 2025, compared with €62k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €5.58M
Fixed assets
€5.48M▲ 483%
Current assets
€97k▼ 77.2%
Equity and liabilities €5.58M
Equity
€1.24M▼ 4.2%
Provisions
€28k▼ 29.1%
Debt
€4.31M▲ 11,691%
The debt ratio rises from 2.7% to 77.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€288k▲
2023 · €132k
Cash flow
€294k▲
2023 · €114k
Solvency
22.2%▼
2023 · 94.5%
Current ratio
0.02▼
2023 · 12.27
Quick ratio
0.02▼
2023 · 12.27
Debt / equity
3.49▲
2023 · 0.03
ROE
-19.2%▼
2023 · 3.4%
ROA
-4.3%▼
2023 · 3.2%
Interest coverage
2840.48▲
2023 · 2667.05
Debt
€4.31M▲
2023 · €37k
Debt ≤ 1 year
€4.12M▲
2023 · €35k
Debt > 1 year
€185k
Income taxes
€0▼
2023 · €24k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€1.37M€5.58M▲
Fixed assets21/28€940k€5.48M▲
Tangible fixed assets22/27€940k€5.48M▲
Land and buildings22€940k€5.48M▲
Current assets29/58€427k€97k▼
Amounts receivable within one year40/41€27k€60k▲
Trade receivables40€18k€1k▼
Other amounts receivable41€10k€59k▲
Current investments50/53€73k-
Cash at bank and in hand54/58€227k€27k▼
Deferred charges and accrued income490/1€99k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€5.58M▲
Equity10/15€1.29M€1.24M▼
Contributions10/11€62k€447k▲
Capital10€62k€447k▲
Issued capital100€62k€447k▲
Reserves13€1.23M€1.04M▼
Non-distributable reserves130/1€21k€60k▲
Legal reserve130€21k€60k▲
Tax-exempt reserves132€117k€83k▼
Distributable reserves133€1.09M€895k▼
Profit (loss) carried forward14€0€-248k▼
Provisions and deferred taxes16€39k€28k▼
Deferred taxes168€39k€28k▼
Amounts payable17/49€37k€4.31M▲
Amounts payable after more than one year17-€185k
Financial debts170/4-€185k
Amounts payable within one year42/48€35k€4.12M▲
Trade debts44€3k€126k▲
Suppliers440/4€3k€126k▲
Taxes, remuneration and social security45€32k€52k▲
Taxes450/3€32k€52k▲
Other amounts payable47/48€45€3.95M▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€531k▲
Other operating charges640/8€15k€45k▲
Non-recurring operating charges66A-€12k
Gross operating margin9900€148k€345k▲
Operating profit (loss)9901€62k€-243k▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€50€101▲
Recurring financial charges65€50€101▲
Profit (loss) for the period before taxes9903€62k€-243k▼
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€24k€0▼
Profit (loss) for the period9904€44k€-237k▼
Transfer from tax-exempt reserves789€17k€17k=
Profit (loss) for the period to be appropriated9905€61k€-220k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€-248k▼
Profit (loss) brought forward from the previous period14P€35k€-28k▼
Transfer from equity791/2-€0
Transfer to equity691/2€96k€0▼
To other reserves6921€96k€0▼
Profit to be distributed694/7-€0
Return on contributions (dividend)694-€0
The notes to these accounts (8 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-237k ▼644%
Net result drops to €-237k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 9.62
Current ratio from 3.71 to 9.62; short-term debt falls from €86k to €33k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €152k ▲206%
Operating result €223k, net result €152k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.21
Current ratio from 2.33 to 6.21; short-term debt falls from €101k to €83k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
17-07
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.
Directors · office · real estate
Directors
7 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, Oosterzele · 1 establishment unit since 1990
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.
Lange Munte 48A9860 OosterzeleGround area
124 m²
Parcel 44059B0786/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
Immo Cieters
since 19902.050.774.295
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44059B0786/00N000 | Flanders | 124 m² | - | - |
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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NDKS
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GCL INVEST
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,570. 25,504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-11-1990
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
41001General construction of residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.