Summary
CINE LIGHT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €34.3m and a net result of €2.8m. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 71% of 5593 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d early
2023
12 d early
2022
24 d early
2021
33 d late
2020
31 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 July (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Middelkerke, Finance and insurance sector#3 company by equity in Middelkerke#3 company by total assets in Middelkerke, Finance and insurance sector
Equity
€34.3m▲ 9.0%
2024 · €31.5m
Net result
€2.8m
2024 · -€280,946
Total assets
€46.1m▲ 7.5%
2024 · €42.8m
Solvency
74.5%▲ 1.0pp
2024 · 73.5%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€202,087▲ 49.8%€2.0m-€387,075-€256,081▲ 33.8%-€371,913▼ 45.2%
Net result-€127,076below the sector's middle half▲ 60.4%€1.6mabove the sector's middle half-€283,754below the sector's middle half-€280,946below the sector's middle half▲ 1.0%€2.8mabove the sector's middle half
Equity€30.4mabove the sector's middle half▼ 0.4%€32.0mabove the sector's middle half▲ 5.3%€31.8mabove the sector's middle half▼ 0.9%€31.5mabove the sector's middle half▼ 0.9%€34.3mabove the sector's middle half▲ 9.0%
Total assets€38.8mabove the sector's middle half▲ 9.2%€41.4mabove the sector's middle half▲ 6.6%€41.9mabove the sector's middle half▲ 1.4%€42.8mabove the sector's middle half▲ 2.2%€46.1mabove the sector's middle half▲ 7.5%
Debt€8.4m▲ 68.1%€9.3m▲ 11.5%€10.2m▲ 9.2%€11.4m▲ 11.6%€11.8m▲ 3.5%
Working capital-€3.4mbelow the sector's middle half▲ 1.0%-€2.0mbelow the sector's middle half▲ 41.2%-€2.2mbelow the sector's middle half▼ 9.8%-€2.5mbelow the sector's middle half▼ 12.1%€378,061above the sector's middle half
Solvency78.4%above the sector's middle half▼ 7.6pp77.4%above the sector's middle half▼ 1.0pp75.7%within the sector's middle half▼ 1.7pp73.5%within the sector's middle half▼ 2.3pp74.5%within the sector's middle half▲ 1.0pp
Current ratio0.55within the sector's middle half▲ 0.320.79within the sector's middle half▲ 0.230.78within the sector's middle half=0.78within the sector's middle half=1.03within the sector's middle half▲ 0.25
Return on assets (ROA)-0.3%below the sector's middle half▲ 0.6pp3.9%within the sector's middle half▲ 4.2pp-0.7%below the sector's middle half▼ 4.6pp-0.7%below the sector's middle half=6.2%within the sector's middle half▲ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €371,913 in 2025 against €256,081 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46.1m
Fixed assets
€34.1m ▲ 0.1%
Current assets
€12.0m ▲ 36.4%
Equity and liabilities €46.1m
Equity
€34.3m ▲ 9.0%
Debt
€11.8m ▲ 3.5%
Debt's share of the balance-sheet total falls from 26.5% to 25.5%. Equity and debt are higher.
Key figures and ratios
ROE
8.3%▲
2024 · -0.9%
Debt ≤ 1 year
€11.6m▲
2024 · €11.3m
Income taxes
€295,154▲
2024 · €8,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2.4m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,239 | €5,265 | €2,815 | €1,999 | ▼ 29.0% |
| Other operating charges640/8 | €24,281 | €85,002 | €17,027 | €28,678 | €28,856 | ▲ 0.6% |
| Non-recurring operating charges66A | €22,000 | €50,154 | €55,353 | - | €11,118 | - |
| Gross operating margin9900 | -€155,806 | €2.2m | -€309,430 | -€224,588 | -€329,939 | ▼ 46.9% |
| Operating profit (loss)9901 | -€202,087 | €2.0m | -€387,075 | -€256,081 | -€371,913 | ▼ 45.2% |
| Financial income75/76B | €96,644 | €131,769 | €141,806 | €116,618 | €3.6m | ▲ 3,028% |
| Recurring financial income75 | €96,644 | €131,769 | €141,806 | €116,618 | €3.6m | ▲ 3,028% |
| Financial charges65/66B | €16,461 | €383,714 | €32,375 | €132,678 | €145,721 | ▲ 9.8% |
| Recurring financial charges65 | €16,461 | €383,714 | €32,375 | €132,678 | €145,721 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | -€121,905 | €1.8m | -€277,644 | -€272,142 | €3.1m | ▲ 1,250% |
| Income taxes67/77 | €5,171 | €178,146 | €6,111 | €8,803 | €295,154 | ▲ 3,253% |
| Profit (loss) for the period9904 | -€127,076 | €1.6m | -€283,754 | -€280,946 | €2.8m | ▲ 1,109% |
| Profit (loss) for the period to be appropriated9905 | -€127,076 | €1.6m | -€283,754 | -€280,946 | €2.8m | ▲ 1,109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38.8m | €41.4m | €41.9m | €42.8m | €46.1m | ▲ 7.5% |
| Fixed assets21/28 | €34.6m | €34.0m | €34.0m | €34.0m | €34.1m | ▲ 0.1% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €11.0m | €11.1m | €11.0m | €11.1m | €11.2m | ▲ 0.2% |
| Land and buildings22 | €9.1m | €10.5m | €10.5m | €10.6m | €10.6m | ▲ 0.2% |
| Plant, machinery and equipment23 | €42,120 | €40,953 | €52,513 | €52,513 | €61,162 | ▲ 16.5% |
| Furniture and vehicles24 | €640,110 | €596,364 | €462,147 | €473,180 | €472,603 | ▼ 0.1% |
| Assets under construction and advance payments27 | €1.2m | - | - | - | - | - |
| Financial fixed assets28 | €23.6m | €22.9m | €22.9m | €22.9m | €22.9m | = |
| Current assets29/58 | €4.2m | €7.3m | €8.0m | €8.8m | €12.0m | ▲ 36.4% |
| Amounts receivable after more than one year29 | €606,641 | €3.0m | €2.9m | €2.9m | €3.0m | ▲ 2.2% |
| Other amounts receivable291 | €606,641 | €3.0m | €2.9m | €2.9m | €3.0m | ▲ 2.2% |
| Amounts receivable within one year40/41 | €3.6m | €4.3m | €5.0m | €5.8m | €8.5m | ▲ 46.4% |
| Trade receivables40 | - | €106,434 | €106,434 | €119,833 | €106,434 | ▼ 11.2% |
| Other amounts receivable41 | €3.6m | €4.2m | €4.9m | €5.7m | €8.4m | ▲ 47.6% |
| Cash at bank and in hand54/58 | €987 | €987 | €987 | €73,488 | €524,486 | ▲ 614% |
| Deferred charges and accrued income490/1 | €7,463 | €10,876 | €85,294 | €12,764 | €10,908 | ▼ 14.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38.8m | €41.4m | €41.9m | €42.8m | €46.1m | ▲ 7.5% |
| Equity10/15 | €30.4m | €32.0m | €31.8m | €31.5m | €34.3m | ▲ 9.0% |
| Contributions10/11 | €19.0m | €19.0m | €19.0m | €19.0m | €19.0m | = |
| Reserves13 | €11.5m | €13.0m | €13.0m | €13.0m | €15.3m | ▲ 17.4% |
| Non-distributable reserves130/1 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Reserves not available under the articles1311 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Distributable reserves133 | €9.1m | €10.6m | €10.6m | €10.6m | €12.9m | ▲ 21.4% |
| Profit (loss) carried forward14 | -€127,076 | - | -€283,754 | -€564,700 | - | - |
| Amounts payable17/49 | €8.4m | €9.3m | €10.2m | €11.4m | €11.8m | ▲ 3.5% |
| Amounts payable after more than one year17 | €750,000 | - | - | - | - | - |
| Financial debts170/4 | €750,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €7.6m | €9.3m | €10.2m | €11.3m | €11.6m | ▲ 3.2% |
| Financial debts43 | €351,108 | €219,758 | €410,783 | - | - | - |
| Credit institutions430/8 | €351,108 | €219,758 | €410,783 | - | - | - |
| Trade debts44 | €6,124 | €3,307 | €14,831 | €8,747 | €23,176 | ▲ 165% |
| Suppliers440/4 | €6,124 | €3,307 | €14,831 | €8,747 | €23,176 | ▲ 165% |
| Taxes, remuneration and social security45 | €132,687 | €201,569 | €161,922 | €10,128 | €252,441 | ▲ 2,393% |
| Taxes450/3 | €132,687 | €201,569 | €161,922 | €10,128 | €252,441 | ▲ 2,393% |
| Other amounts payable47/48 | €7.1m | €8.9m | €9.6m | €11.3m | €11.4m | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | - | - | €104,269 | €137,882 | ▲ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€127,076 | €1.6m | -€283,754 | -€280,946 | €2.8m | ▲ 1,109% |
| + Depreciation and write-downs630 | - | €2,239 | €5,265 | €2,815 | €1,999 | ▼ 29.0% |
| Operating cash flow (approximation) | -€127,076 | €1.6m | -€278,490 | -€278,130 | €2.8m | ▲ 1,120% |
| Investment in fixed assets (approximation) | - | €538,911 | €82,346 | -€93,047 | -€26,280 | ▲ 71.8% |
| Change in cash | - | €0 | €0 | €72,501 | €450,998 | ▲ 522% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €2.8m
Net result €2.8m after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €1.6m
Net result €1.6m after 2 loss-making years.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 33 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€321,284
Net result drops to -€321,284, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Middelkerke · 1 establishment unit since 1988
Ground area
3,623 m²
Building footprint
543 m²
Volume, LiDAR
2,917 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CINELIGHT
since 19882.034.497.497
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35016B0275/00F000 | Flanders | 2,139 m² | 1 · 204 m² | 9.3 m · 2 fl. |
| 44015A0221/00K000 | Flanders | 1,484 m² | 1 · 338 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
25%
- Sourceown accounts 202523.35%
According to the 2025 annual accounts of CINE LIGHT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
M80 Capital II
BE 1002.612.091
Brussel · Eq €34,319,433
GALLER HOLDING
BE 0447.727.254
Herstal · Eq €34,245,704
PARTICLE
BE 0700.285.956
Brugge · Eq €34,510,851
VH ASSET MANAGEMENT
BE 0480.025.482
Evergem · Eq €34,511,906
ATWATER CAPITAL
BE 0793.127.428
Elsene · Eq €34,601,488
Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 3,307 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
59140Motion picture, video and television programme production, sound recording and music publishing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432909614
Also
9925:BE0432909614
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.