Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
CIVANKI from Lichtervelde, company number BE0680659094, closed financial year 2024 with a result of € -17,751 after tax. For that financial year CIVANKI recorded a gross margin of € -16,616 and equity of € -36,928. Compared with financial year 2023, the result moved from € -6,502 to € -17,751. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2025.
€ -36,928
▼ € 17,751 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,751
▼ 173 % more loss than in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -43,128.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 3,178
▼ 30% vs 2023
€ 1,824 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 7,327
▲ € 6,431 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 797
▼ 12% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -12,795 | € -11,070 | € -6,059 | € -16,616 | ▼ € 10,557 |
| Profit after taxes | € -13,482 | € -11,604 | € -6,502 | € -17,751 | ▼ € 11,249 |
| Equity | € -1,072 | € -12,675 | € -19,177 | € -36,928 | ▼ € 17,751 |
| Total debts | € 26,032 | € 34,956 | € 35,609 | € 45,442 | ▲ 28% |
| Cash | € 693 | € 28 | € 0 | - | |
| Retained profit | € -7,272 | € -18,875 | € -25,377 | € -43,128 | ▼ € 17,751 |
| Bank debt | € 8,118 | € 6,341 | € 4,556 | € 3,178 | ▼ 30% |
| Balance sheet total | € 24,960 | € 22,281 | € 16,432 | € 8,514 | ▼ 48% |
Key figures of CIVANKI, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CIVANKI?
What happened at CIVANKI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CIVANKI is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 17,751. Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
- Michael Vanbael became a director. NBB
In short
From € 13,482 loss in 2021 to € 17,751 loss in 2024.
Paid € 375 in corporate taxes since 2021.
Management
Behind CIVANKI is Michael Vanbael.
Directors
According to the 2024 annual accounts
Michael Vanbael
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Damwegel 5 box 41
8810 Lichtervelde
Ezelstraat 106
8000 Brugge
Active since 1 September 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.659.094
- VAT number
- BE 0680.659.094
- Registered office
- Damwegel 5 bus 41, 8810 Lichtervelde
- Names & denominations
- CIVANKI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 1 September 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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