CARROSSERIE CINCAR
ActiveSummary
CARROSSERIE CINCAR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €17k. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 1037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+24
Solvency42▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.95 in 2024; short-term debt: 74.1% of total assets), and 82.8% 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
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
17.2%
Return on assets
3.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1037 sector peers (2025).
NBB · sector comparisonPosition among 1037 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €84k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
43 d early
2023
43 d early
2022
on the day
2021
23 d late
2020
6 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€84k▲ 25.7%
2024 · €67k
2019: €167k
2020: €172k
2021: €76k
2022: €67k
2023: €71k
2024: €67k
2019 → 2025
Total assets
€489k▲ 3.4%
2024 · €473k
2019: €553k
2020: €601k
2021: €508k
2022: €564k
2023: €530k
2024: €473k
2019 → 2025
Net result
€17k
2024 · €-4k
2019: €52k
2020: €5k
2021: €-96k
2022: €-8k
2023: €4k
2024: €-4k
2019 → 2025
Working capital
€-46k▼ 212%
2024 · €-15k
2019: €22k
2020: €39k
2021: €-63k
2022: €18k
2023: €23k
2024: €-15k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€67k▼ 11.1%€71k▲ 5.6%€67k▼ 5.8%€84k▲ 25.7%
Operating result€-84k-€14k€32k▲ 131%€38k▲ 18.1%€42k▲ 9.8%
Net result€-96k-€-8k▲ 91.3%€4k€-4k€17k
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 has risen four years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489k
Fixed assets
€172k ▼ 4.7%
Current assets
€317k ▲ 8.5%
Equity and liabilities €489k
Equity
€84k ▲ 25.7%
Debt
€405k ▼ 0.2%
Debt's share of the balance-sheet total falls from 85.8% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €92k
Cash flow
€76k▲
2024 · €49k
Current ratio
0.87▼
2024 · 0.95
Quick ratio
0.65▼
2024 · 0.76
Debt to equity
4.81▼
2024 · 6.06
ROE
20.5%▲
2024 · -6.1%
ROA
3.5%▲
2024 · -0.9%
Interest coverage
4.70▲
2024 · 2.44
Debt ≤ 1 year
€362k▲
2024 · €307k
Debt > 1 year
€42k▼
2024 · €88k
Income taxes
€3k
Staff costs
€191k▲
2024 · €100k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€473k€489k▲
Fixed assets21/28€181k€172k▼
Tangible fixed assets22/27€177k€169k▼
Land and buildings22€89k€114k▲
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€77k€47k▼
Financial fixed assets28€4k€4k=
Current assets29/58€292k€317k▲
Amounts receivable after more than one year29€66k-
Other amounts receivable291€66k-
Stocks and contracts in progress3€60k€80k▲
Stocks30/36€60k€80k▲
Amounts receivable within one year40/41€148k€216k▲
Trade receivables40€145k€213k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€4k-
Deferred charges and accrued income490/1€15k€20k▲
Equity and liabilities
Total equity and liabilities10/49€473k€489k▲
Equity10/15€67k€84k▲
Contributions10/11€19k€19k=
Reserves13€48k€66k▲
Tax-exempt reserves132€3k€3k=
Distributable reserves133€46k€63k▲
Amounts payable17/49€406k€405k▼
Amounts payable after more than one year17€88k€42k▼
Financial debts170/4€88k€42k▼
Amounts payable within one year42/48€307k€362k▲
Current portion of amounts payable after more than one year42€43k€50k▲
Financial debts43€144k€157k▲
Credit institutions430/8€144k€130k▼
Other loans439-€27k
Trade debts44€34k€69k▲
Suppliers440/4€34k€69k▲
Taxes, remuneration and social security45€65k€87k▲
Taxes450/3€41k€51k▲
Remuneration and social security454/9€24k€36k▲
Other amounts payable47/48€21k-
Accrued charges and deferred income492/3€11k-
Income statement
Code20242025
Remuneration, social security and pensions62€100k€191k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€58k▲
Other operating charges640/8€11k€15k▲
Gross operating margin9900€203k€306k▲
Operating profit (loss)9901€38k€42k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€44k€21k▼
Recurring financial charges65€38k€21k▼
Non-recurring financial charges66B€6k-
Profit (loss) for the period before taxes9903€-4k€20k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-4k€17k▲
Profit (loss) for the period to be appropriated9905€-4k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€17k▲
Transfer from equity791/2€4k-
Transfer to equity691/2-€17k
To other reserves6921-€17k
Social balance
Average headcount (FTE)90872.64.7▲
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
30-06
Financial
Weakest financial yearnet €-96k ▼1993%
Net result drops to €-96k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Lier · 1 establishment unit since 2002
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.
Ondernemersstraat 1A2500 LierGround area
1,042 m²
Building footprint
673 m²
Volume, LiDAR
3,065 m³
Parcel 12392A0524/00Y002, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CARROSSERIE CINCAR
since 20022.096.276.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0524/00Y002 | Flanders | 1,042 m² | 1 · 673 m² | 9.7 m · 1 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.
Recognitions · licences · registrations
Dual-learning approval
1 endedVoorbewerker carrosserie (so)
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 2,273 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-04-2002
Fiscal year end30-06
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.