Summary
CINECON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €17.2m and a net result of €290,624. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 90% of 6167 sector peers (fiscal year 2024). The company has been active since 2004 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
31 d late
2022
32 d late
2021
31 d late
2020
31 d early
2019
41 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by total assets in Herk-de-Stad, Finance and insurance sector#1 company by equity in Herk-de-Stad, Finance and insurance sector#10 oldest company in Herk-de-Stad, Finance and insurance sector
Equity
€17.2m▲ 1.7%
2023 · €16.9m
Net result
€290,624▼ 2.2%
2023 · €297,216
Total assets
€18.2m▲ 2.6%
2023 · €17.7m
Solvency
94.3%▼ 0.8pp
2023 · 95.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€6,826€15,071€74,009▲ 391%€266,826▲ 261%€208,621▼ 21.8%
Net result€56,509within the sector's middle half▼ 90.1%€96,383within the sector's middle half▲ 70.6%€151,592within the sector's middle half▲ 57.3%€297,216above the sector's middle half▲ 96.1%€290,624above the sector's middle half▼ 2.2%
Equity€16.3mabove the sector's middle half▲ 0.3%€16.4mabove the sector's middle half▲ 0.6%€16.6mabove the sector's middle half▲ 0.9%€16.9mabove the sector's middle half▲ 1.8%€17.2mabove the sector's middle half▲ 1.7%
Total assets€18.1mabove the sector's middle half▲ 1.6%€18.0mabove the sector's middle half▼ 0.6%€17.9mabove the sector's middle half▼ 0.4%€17.7mabove the sector's middle half▼ 1.0%€18.2mabove the sector's middle half▲ 2.6%
Debt€1.8m▲ 15.1%€1.6m▼ 11.9%€1.3m▼ 14.3%€853,226▼ 35.9%€1.0m▲ 19.5%
Working capital€9.6mabove the sector's middle half▼ 0.6%€9.4mabove the sector's middle half▼ 1.4%€9.3mabove the sector's middle half▼ 1.9%€9.4mabove the sector's middle half▲ 1.0%€9.3mabove the sector's middle half▼ 0.4%
Solvency90.3%above the sector's middle half▼ 1.1pp91.4%above the sector's middle half▲ 1.1pp92.6%above the sector's middle half▲ 1.2pp95.1%above the sector's middle half▲ 2.6pp94.3%above the sector's middle half▼ 0.8pp
Current ratio38.71above the sector's middle half▼ 3.6235.27above the sector's middle half▼ 3.4432.76above the sector's middle half▼ 2.5133.52above the sector's middle half▲ 0.7615.84above the sector's middle half▼ 17.69
Return on assets (ROA)0.3%within the sector's middle half▼ 2.9pp0.5%within the sector's middle half▲ 0.2pp0.8%within the sector's middle half▲ 0.3pp1.7%within the sector's middle half▲ 0.8pp1.6%within the sector's middle half▼ 0.1pp
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 falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.2m
Fixed assets
€8.3m ▲ 1.9%
Current assets
€9.9m ▲ 3.1%
Equity and liabilities €18.2m
Equity
€17.2m ▲ 1.7%
Provisions
€9,638 ▼ 3.7%
Debt
€1.0m ▲ 19.5%
Debt's share of the balance-sheet total rises from 4.8% to 5.6%. Equity and debt are higher.
Key figures and ratios
ROE
1.7%▼
2023 · 1.8%
Debt ≤ 1 year
€627,822▲
2023 · €287,644
Debt > 1 year
€385,822▼
2023 · €565,582
Income taxes
€119,627▲
2023 · €89,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €35,537 | - | €41,532 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €247,924 | €236,191 | €245,896 | €232,170 | €206,726 | ▼ 11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €37,290 | - |
| Other operating charges640/8 | - | €61,946 | €41,273 | €42,669 | €46,027 | ▲ 7.9% |
| Non-recurring operating charges66A | - | €22,500 | - | - | - | - |
| Gross operating margin9900 | €270,566 | €335,708 | €361,178 | €541,665 | €498,664 | ▼ 7.9% |
| Operating profit (loss)9901 | -€6,826 | €15,071 | €74,009 | €266,826 | €208,621 | ▼ 21.8% |
| Financial income75/76B | - | €208,014 | €246,600 | €278,855 | €332,701 | ▲ 19.3% |
| Recurring financial income75 | €247,782 | €208,014 | €246,600 | €278,855 | €332,701 | ▲ 19.3% |
| Financial charges65/66B | - | €94,461 | €113,567 | €148,673 | €131,444 | ▼ 11.6% |
| Recurring financial charges65 | €184,447 | €94,461 | €113,567 | €148,673 | €131,444 | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | €56,509 | €128,624 | €207,042 | €397,008 | €409,879 | ▲ 3.2% |
| Transfer from deferred taxes780 | - | - | - | €372 | €372 | = |
| Transfer to deferred taxes680 | - | - | - | €10,383 | - | - |
| Income taxes67/77 | - | €32,241 | €55,450 | €89,781 | €119,627 | ▲ 33.2% |
| Profit (loss) for the period9904 | €56,509 | €96,383 | €151,592 | €297,216 | €290,624 | ▼ 2.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,117 | €1,117 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €31,149 | - | - |
| Profit (loss) for the period to be appropriated9905 | €56,509 | €96,383 | €151,592 | €267,184 | €291,740 | ▲ 9.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.1m | €18.0m | €17.9m | €17.7m | €18.2m | ▲ 2.6% |
| Fixed assets21/28 | €8.3m | €8.3m | €8.4m | €8.1m | €8.3m | ▲ 1.9% |
| Tangible fixed assets22/27 | €3.9m | €3.9m | €4.0m | €3.7m | €3.6m | ▼ 4.5% |
| Land and buildings22 | - | €3.8m | €3.9m | €3.6m | €3.5m | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | €11,999 | €10,724 | €15,377 | ▲ 43.4% |
| Furniture and vehicles24 | - | €143,662 | €121,100 | €92,761 | €83,486 | ▼ 10.0% |
| Other tangible fixed assets26 | - | €12,413 | €11,753 | €9,944 | €8,135 | ▼ 18.2% |
| Financial fixed assets28 | €4.4m | €4.4m | €4.4m | €4.4m | €4.7m | ▲ 7.5% |
| Current assets29/58 | €9.8m | €9.7m | €9.6m | €9.6m | €9.9m | ▲ 3.1% |
| Amounts receivable after more than one year29 | - | €235,747 | - | - | - | - |
| Other amounts receivable291 | - | €235,747 | - | - | - | - |
| Amounts receivable within one year40/41 | €304,164 | €315,399 | €166,042 | €186,240 | €228,504 | ▲ 22.7% |
| Trade receivables40 | - | €134,184 | €136,324 | €166,371 | €200,456 | ▲ 20.5% |
| Other amounts receivable41 | - | €181,215 | €29,719 | €19,869 | €28,048 | ▲ 41.2% |
| Current investments50/53 | €5.1m | €7.3m | €7.4m | €8.4m | €8.9m | ▲ 6.0% |
| Cash at bank and in hand54/58 | €4.1m | €1.8m | €1.9m | €1.0m | €809,740 | ▼ 20.5% |
| Deferred charges and accrued income490/1 | - | €42,787 | €41,082 | €40,137 | €287 | ▼ 99.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.1m | €18.0m | €17.9m | €17.7m | €18.2m | ▲ 2.6% |
| Equity10/15 | €16.3m | €16.4m | €16.6m | €16.9m | €17.2m | ▲ 1.7% |
| Contributions10/11 | - | €13.2m | €13.2m | €13.2m | €13.2m | = |
| Reserves13 | €3.1m | €3.2m | €3.4m | €3.7m | €4.0m | ▲ 7.9% |
| Non-distributable reserves130/1 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves not available under the articles1311 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Tax-exempt reserves132 | - | €1,058 | €1,058 | €31,090 | €29,973 | ▼ 3.6% |
| Distributable reserves133 | - | €1.9m | €2.1m | €2.3m | €2.6m | ▲ 12.5% |
| Provisions and deferred taxes16 | - | - | - | €10,011 | €9,638 | ▼ 3.7% |
| Deferred taxes168 | - | - | - | €10,011 | €9,638 | ▼ 3.7% |
| Amounts payable17/49 | €1.8m | €1.6m | €1.3m | €853,226 | €1.0m | ▲ 19.5% |
| Amounts payable after more than one year17 | €1.5m | €1.3m | €1.0m | €565,582 | €385,822 | ▼ 31.8% |
| Financial debts170/4 | - | €1.3m | €1.0m | €565,582 | €385,822 | ▼ 31.8% |
| Amounts payable within one year42/48 | €254,043 | €275,572 | €291,577 | €287,644 | €627,822 | ▲ 118% |
| Current portion of amounts payable after more than one year42 | - | €233,064 | €236,713 | €181,500 | €183,371 | ▲ 1.0% |
| Trade debts44 | €3,708 | €10,717 | €14,816 | €25,216 | €21,705 | ▼ 13.9% |
| Suppliers440/4 | - | €10,717 | €14,816 | €25,216 | €21,705 | ▼ 13.9% |
| Advances received on contracts in progress46 | - | €19,558 | €10,507 | €7,687 | €18,168 | ▲ 136% |
| Taxes, remuneration and social security45 | - | €9,868 | €26,526 | €66,251 | €71,426 | ▲ 7.8% |
| Taxes450/3 | - | €9,868 | €26,526 | €66,251 | €71,426 | ▲ 7.8% |
| Other amounts payable47/48 | - | €2,365 | €3,015 | €6,990 | €333,151 | ▲ 4,666% |
| Accrued charges and deferred income492/3 | - | €1,275 | - | - | €5,760 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,509 | €96,383 | €151,592 | €297,216 | €290,624 | ▼ 2.2% |
| + Depreciation and write-downs630 | €247,924 | €236,191 | €245,896 | €232,170 | €206,726 | ▼ 11.0% |
| Operating cash flow (approximation) | €304,433 | €332,574 | €397,488 | €529,386 | €497,350 | ▼ 6.1% |
| Investment in fixed assets (approximation) | - | -€235,711 | -€342,914 | €29,331 | -€362,995 | ▼ 1,338% |
| Change in cash | - | -€2.3m | €74,326 | -€897,521 | -€208,282 | ▲ 76.8% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
31-12
Financial
Back to profitnet €572,134
Net result €572,134 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Herk-de-Stad · 1 establishment unit since 2004
Ground area
4,081 m²
Building footprint
352 m²
Volume, LiDAR
2,442 m³
Parcel 71024A0436/00D000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Cinecon
since 20042.137.559.997
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0436/00D000 | Flanders | 4,081 m² | 1 · 352 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
33.31%
-
24.98%
According to the 2024 annual accounts of CINECON 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600P5FT1O1H5G9S88
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 4,635 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
Founded10-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865712330
Also
9925:BE0865712330
Registered
13-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.