CINAGI
Open bankruptcyA bankruptcy procedure is open for CINAGI according to publications in the Belgian State Gazette; curator: Philippe DECHAMPS. The 2020 annual accounts show equity of €101k and a net result of €4k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-09-2021, 60 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
not filed
2023
not filed
2022
not filed
2021
not filed
2020
60 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€101k▲ 3.7%
2019 · €97k
2018: €93k
2019: €97k
2018 → 2020
Total assets
€269k▲ 27.2%
2019 · €211k
2018: €219k
2019: €211k
2018 → 2020
Net result
€4k▼ 9.4%
2019 · €4k
2018: €6k
2019: €4k
2018 → 2020
Working capital
€75k▼ 16.7%
2019 · €90k
2018: €88k
2019: €90k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€93k-€97k▲ 4.2%€101k▲ 3.7%
Operating result€9k-€54k▲ 528%€22k▼ 58.4%
Net result€6k-€4k▼ 37.5%€4k▼ 9.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 58% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €269k
Fixed assets
€25k▲ 278%
Current assets
€243k▲ 19.0%
Equity and liabilities €269k
Equity
€101k▲ 3.7%
Debt
€168k▲ 47.3%
The debt ratio rises from 54.1% to 62.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€28k▼
2019 · €59k
Cash flow
€9k▲
2019 · €9k
Solvency
37.4%▼
2019 · 45.9%
Current ratio
1.45▼
2019 · 1.79
Quick ratio
1.45▼
2019 · 1.79
ROE
3.5%▼
2019 · 4.1%
ROA
1.3%▼
2019 · 1.9%
Debt
€168k▲
2019 · €114k
Debt ≤ 1 year
€168k▲
2019 · €114k
Income taxes
€13k▲
2019 · €5k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€211k€269k▲
Fixed assets21/28€7k€25k▲
Tangible fixed assets22/27€7k€25k▲
Financial fixed assets28€88€88=
Current assets29/58€205k€243k▲
Amounts receivable within one year40/41€178k€234k▲
Cash at bank and in hand54/58€25k€2k▼
Equity and liabilities
Total equity and liabilities10/49€211k€269k▲
Equity10/15€97k€101k▲
Contributions10/11€19k-
Reserves13€68k€68k=
Profit (loss) carried forward14€10k€14k▲
Amounts payable17/49€114k€168k▲
Amounts payable within one year42/48€114k€168k▲
Trade debts44€78k€91k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Gross operating margin9900€152k€148k▼
Operating profit (loss)9901€54k€22k▼
Recurring financial income75€6k€6k▼
Recurring financial charges65€51k€12k▼
Profit (loss) for the period before taxes9903€9k€16k▲
Income taxes67/77€5k€13k▲
Profit (loss) for the period9904€4k€4k▼
Profit (loss) for the period to be appropriated9905€4k€4k▼
Timeline · acts, filings and financial milestones
2023
27-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · CINAGI SRL RUE DE LA CAMBRE 180, 1200 WOLUWE-SAINT-LAMBERT · event 20-03-2023
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼9.4%
Net result drops to €4k, the lowest in the series.
31-12
Financial
Equity above €100kEq €101k ▲3.7%
3 profitable years in a row build equity to €101k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 52 days late
2015
19-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 19 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 26 days late
2013
25-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 56 days late
2012
13-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 1995
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.
Ter Kamerenstraat 1801200 Sint-Lambrechts-WoluweGround area
9,660 m²
Building footprint
2,532 m²
Volume, LiDAR
24,064 m³
2 parcels, Brussels · tallest building 21.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
CINAGI
since 19952.073.794.177
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0169/00V005 | Brussels | 7,708 m² | 1 · 711 m² | 21.9 m · 6 fl. |
| 21674C0313/00L005 | Brussels | 1,951 m² | 1 · 1,821 m² | 15.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Philippe DECHAMPS DREVE DES RENARDS 8/7,
1180 UCCLE |
20-03-2023 → present |
Recognitions · licences · registrations
Legal Entity Identifier
254900VIFQ4F9JB7JL81
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Of 1,556 companies in sector 46900 we hold annual accounts for 913. 590 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-10-1995
Fiscal year end31-12
Activities, NACEBEL
46900Non-specialised wholesale trade
51900
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.