CIN CAR
ActiveSummary
CIN CAR has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €97k and a net result of €-19k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-1
Solvency52▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.12 against 0.24 in 2023; short-term debt: 56.3% and cash: 0.1% of total assets), and 72.5% 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.5%
Return on assets
-5.5%
Age of the figures
21 mo
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 · 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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
not confirmed
2024
5 d late
2023
8 d early
2022
58 d late
2021
2 d early
2020
24 d late
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-19k▼ 2.6%
2023 · €-19k
2018: €-9k
2019: €6k
2020: €53k
2021: €28k
2022: €50k
2023: €-19k
2018 → 2024
Working capital
€-174k▼ 8.5%
2023 · €-160k
2018: €-13k
2019: €-137k
2020: €-77k
2021: €-53k
2022: €-136k
2023: €-160k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€96k▲ 40.6%€135k▲ 41.3%€116k▼ 14.0%€97k▼ 16.7%
Operating result€72k-€32k▼ 55.2%€54k▲ 67.4%€-17k€-17k▼ 3.2%
Net result€53k-€28k▼ 48.0%€50k▲ 79.4%€-19k€-19k▼ 2.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €17k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €352k
Fixed assets
€328k ▼ 3.6%
Current assets
€24k ▼ 50.9%
Equity and liabilities €352k
Equity
€97k ▼ 16.7%
Debt
€256k ▼ 6.5%
Debt's share of the balance-sheet total rises from 70.1% to 72.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2023 · €-3k
Cash flow
€-4k▲
2023 · €-5k
Current ratio
0.12▼
2023 · 0.24
Quick ratio
0.01▼
2023 · 0.11
Debt to equity
2.64▲
2023 · 2.35
ROE
-20.1%▼
2023 · -16.3%
ROA
-5.5%▼
2023 · -4.9%
Interest coverage
-1.27▲
2023 · -1.34
Debt ≤ 1 year
€198k▼
2023 · €210k
Debt > 1 year
€57k▼
2023 · €64k
Income taxes
€649▲
2023 · €156
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€390k€352k▼
Fixed assets21/28€340k€328k▼
Tangible fixed assets22/27€340k€328k▼
Land and buildings22€317k€307k▼
Plant, machinery and equipment23€18k€19k▲
Furniture and vehicles24€2k-
Other tangible fixed assets26€3k€2k▼
Current assets29/58€49k€24k▼
Stocks and contracts in progress3€27k€23k▼
Stocks30/36€27k€23k▼
Amounts receivable within one year40/41€3k€1k▼
Trade receivables40€1k€707▼
Other amounts receivable41€1k€475▼
Cash at bank and in hand54/58€17k€205▼
Deferred charges and accrued income490/1€3k€11▼
Equity and liabilities
Total equity and liabilities10/49€390k€352k▼
Equity10/15€116k€97k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€98k€78k▼
Amounts payable17/49€273k€256k▼
Amounts payable after more than one year17€64k€57k▼
Financial debts170/4€64k€57k▼
Amounts payable within one year42/48€210k€198k▼
Current portion of amounts payable after more than one year42€7k€6k▼
Financial debts43-€969
Credit institutions430/8-€969
Trade debts44€14k€2k▼
Suppliers440/4€14k€2k▼
Taxes, remuneration and social security45€156€825▲
Taxes450/3€156€825▲
Other amounts payable47/48€189k€188k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€4k€10k▲
Non-recurring operating charges66A€0€366▲
Gross operating margin9900€1k€8k▲
Operating profit (loss)9901€-17k€-17k▼
Financial income75/76B€3€236▲
Recurring financial income75€3€236▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-19k€-19k=
Income taxes67/77€156€649▲
Profit (loss) for the period9904€-19k€-19k▼
Profit (loss) for the period to be appropriated9905€-19k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€78k▼
Profit (loss) brought forward from the previous period14P€117k€98k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
31-12
Financial
Equity above €100kEq €135k ▲41.3%
4 profitable years in a row build equity to €135k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €53k ▲778%
Operating result €72k, net result €53k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mons · 1 establishment unit since 2015
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.
Grand'Route 757000 MonsGround area
332 m²
Building footprint
218 m²
Parcel 53019E0449/00G002, Wallonia. Linked by address, not a title deed.
1 establishment unit
CIN CAR
since 20152.237.379.729
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53019E0449/00G002 | Wallonia | 332 m² | 1 · 218 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.
Similar companies · same sector, comparable size
MATTELIN
BE 0462.842.923
Diksmuide · Eq €96,725
Garage Romain
BE 0417.056.349
Ukkel · Eq €96,723
KAZAJ
BE 0759.960.950
Evere · Eq €97,297
CARLAB
BE 0802.246.319
Brugge · Eq €97,393
ARSH AMANIS
BE 0897.889.309
Lebbeke · Eq €98,110
Of 3,209 companies in sector 95316 we hold annual accounts for 752. 538 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
Founded12-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
95315Tyre services
46180Agents specialised in the wholesale of other particular products
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:cinarcar@gmail.com
Phone:0473/695929