Cicin
ActiveSummary
Cicin has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,508 and a net result of €52,473. Its solvency ranks better than 68% of 10,831 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-07-2024 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.362.301.673 1030 Schaerbeek, since 09-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Board and ownership
- CINCINNATO StefanoDirector
- CINCINNATO Stefano1,000 sharesdeed of 11-07-2024
- Holdings
- Shares in 1 company ReS Invest
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €68,515
- ▲ 90.7%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €52,473
- ▲ 87.9%
- Equity
- €80,508
- ▲ 179%
- Total assets
- €112,495
- ▲ 143%
Score breakdownraises riskFounded in 2024lowers riskLiquidity: current ratio 3.41, cash €92,018Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €80,508 (71.6% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 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 70, micro). It does better than 68% of them on solvency, 81% on liquidity, 84% on profitability and 94% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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 59 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 90% higher than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €2,572 | - |
| Financial fixed assets | €10,000 | - |
| Depreciation and write-downs of the year | €31 | €257 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31 | €257 | ▲ 730% |
| Other operating charges640/8 | €50 | €91 | ▲ 82.1% |
| Gross operating margin9900 | €35,932 | €68,515 | ▲ 90.7% |
| Operating profit (loss)9901 | €35,851 | €68,166 | ▲ 90.1% |
| Financial income75/76B | €0 | €0 | ▲ 233% |
| Recurring financial income75 | €0 | €0 | ▲ 233% |
| Financial charges65/66B | €404 | €1,497 | ▲ 271% |
| Recurring financial charges65 | €404 | €1,497 | ▲ 271% |
| Profit (loss) for the period before taxes9903 | €35,447 | €66,670 | ▲ 88.1% |
| Income taxes67/77 | €7,521 | €14,197 | ▲ 88.8% |
| Profit (loss) for the period9904 | €27,926 | €52,473 | ▲ 87.9% |
| Profit (loss) for the period to be appropriated9905 | €27,926 | €52,473 | ▲ 87.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €46,225 | €112,495 | ▲ 143% |
| Fixed assets21/28 | €3,541 | €3,840 | ▲ 8.4% |
| Tangible fixed assets22/27 | €2,541 | €2,284 | ▼ 10.1% |
| Furniture and vehicles24 | €2,541 | €2,284 | ▼ 10.1% |
| Financial fixed assets28 | €1,000 | €1,556 | ▲ 55.6% |
| Current assets29/58 | €42,684 | €108,655 | ▲ 155% |
| Amounts receivable within one year40/41 | €13,948 | €14,755 | ▲ 5.8% |
| Trade receivables40 | €13,948 | €14,755 | ▲ 5.8% |
| Cash at bank and in hand54/58 | €27,977 | €92,018 | ▲ 229% |
| Deferred charges and accrued income490/1 | €759 | €1,882 | ▲ 148% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €46,225 | €112,495 | ▲ 143% |
| Equity10/15 | €28,867 | €80,508 | ▲ 179% |
| Contributions10/11 | €1,800 | €1,800 | = |
| Profit (loss) carried forward14 | €27,067 | €78,708 | ▲ 191% |
| Amounts payable17/49 | €17,358 | €31,987 | ▲ 84.3% |
| Amounts payable within one year42/48 | €17,138 | €31,896 | ▲ 86.1% |
| Trade debts44 | €1,291 | €2,540 | ▲ 96.7% |
| Suppliers440/4 | €1,291 | €2,540 | ▲ 96.7% |
| Taxes, remuneration and social security45 | €15,200 | €28,716 | ▲ 88.9% |
| Taxes450/3 | €14,688 | €28,714 | ▲ 95.5% |
| Remuneration and social security454/9 | €512 | €2 | ▼ 99.6% |
| Other amounts payable47/48 | €647 | €640 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | €220 | €91 | ▼ 58.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €27,926 | €52,473 | ▲ 87.9% |
| + Depreciation and write-downs630 | €31 | €257 | ▲ 730% |
| Operating cash flow (approximation) | €27,957 | €52,731 | ▲ 88.6% |
| Investment in fixed assets (approximation) | - | -€556 | - |
| Change in cash | - | €64,042 | - |
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, 39,278 companies had the same profile as Cicin has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Cicin itself is lower: < 0.1% within 12 months. It rests on far more data about Cicin than the profile alone.
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 39,278 companies, not a prediction for Cicin. 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
- CINCINNATO Stefano 1,000 shares (100%) · €1,800 in cash
Capital transactions
- 11-07-2024 Incorporation · €1,800 · 1,000 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid aantal bij meerdere kopers, geen beroep op rechter tegen weigering”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden…”
Articles of association, deed of 11-07-2024 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
11.11%
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of Cicin. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
11-07
Gazette deed
IncorporationFounding capital of €1,800, 1,000 shares · Founder: CINCINNATO Stefano · Appointment: CINCINNATO Stefano (director)4 points ▸
- Founder, CINCINNATO Stefano
- Founding capital, €1,800, 1,000 shares
- Registered office clause, Lambermontlaan 161, 1030 Schaarbeek
- Director appointment, CINCINNATO Stefano (director (not named in the articles))
- The deed holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- De vennootschap kan eveneens optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen,alle verrichtingen m.b.t.roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur en verhuur,de ruil,in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen,alsook het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten industriële,commerciële,financiële,landbouw of immobiliënvennootschappen of ondernemingen,het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen waarin ze een participatie aanhoudt;
- Het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- Ze mag een aandeel nemen in alle bestaande of op te richten vennootschappen voor zover dit de uitoefening van het voorwerp zou kunnen bevorderen.
- Deze opsomming is niet limitatief en de activiteiten bedoeld door de wet van 6 april 1995 worden niet bedoeld.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen:alle verrichtingen m.b.t.onroerende goederen en onroerende zakelijke rechten,zoals de aan-en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie van die goederen,de huur en verhuur,met of zonder bijkomende diensten,de ruil,de verkaveling,en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten.
- Managementprestaties:Het verlenen van bijstand,advies,diensten en leiding aan bedrijven,privépersonen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,marketing,bestuur en processing allerhande.
- Bestuurdersprestaties:het waarnemen van het zaakvoerderschap of bestuurderschap bij een of meerdere andere vennootschappen,al dan niet verbonden,en het uitvoeren van deze mandaten in de meest ruime zin.
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 |
|---|---|---|---|---|
| 21902A0423/00M009 | Brussels | 306 m² | 1 · 307 m² | 20.5 m · 2 |