CinemaNext

Active

Public limited companyfounded 200422 yrs activeChaussée de Tongres 257, 4000 Liège, BelgiumKBO/BCE: BE 0865.818.337

Summary

CinemaNext has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.2m and a net result of €139,749. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 321 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare

CinemaNextActiveChecked score 58/100

Risk analysis Report Compare

Checked score

Score 2024

58 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability39▲+27

Solvency54▲+4

Growth22=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €300,000 at 30 days acceptable

Liquidity tight (current ratio 1.08 against 1.12 in 2023; short-term debt: 67.1% and cash: 1.6% of total assets), and 71.4% of the assets are financed with debt.

Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 90

Relative position

BE, all sectors

reference

Arts creation and performing arts activities (NACE 90)

about 58% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

28.6%

Return on assets

0.8%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

14 d early

2023

26 d early

2022

24 d late

2021

23 d early

2020

181 d late

2019

56 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 33 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

CinemaNext was incorporated on 8 June 2004.¹ Between 2004 and 2013 the capital was increased 5 times, most recently to EUR 10 million.²³⁴ Since 2007 the registered office has moved 4 times, most recently to Rocourt in 2025.⁵⁶ The name was changed to dcinex in 2012 and to CinemaNext in 2019.⁷⁸ In 2014 the company absorbed dcinex Alpha and dcinex Beta by merger.⁹¹⁰ The board currently has 3 members; Jean Mizrahi has served longest, since 2014.¹¹ Revenue fell from EUR 46 million in 2018 to EUR 15 million in 2024 and headcount from 70 to 42.6 full-time equivalents.¹²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

In the rankings #2 company by total assets in the province of Liège, Creative and performing arts sector #3 company by equity in the province of Liège, Creative and performing arts sector #6 employer in the province of Liège, Creative and performing arts sector

Turnover

€14.7m▼ 20.5%

2023 · €18.4m

EBIT margin

1.0%▲ 4.7pp

2023 · -3.7%

Net result

€139,749

2023 · -€1.1m

Working capital

€1.0m▼ 32.0%

2023 · €1.5m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20202021202220232024

Turnover€18.4m▼ 57.0%€17.0m▼ 7.3%€18.3m▲ 7.6%€18.4m▲ 0.5%€14.7m▼ 20.5%

Operating result-€6.1m▼ 118%-€2.8m▲ 53.7%-€839,628▲ 70.1%-€685,742▲ 18.3%€148,696

Net result-€8.0m▼ 205%-€3.2m▲ 60.4%-€417,916▲ 86.8%-€1.1m▼ 169%€139,749

EBIT margin-33.0%▼ 26.5pp-16.5%▲ 16.5pp-4.6%▲ 11.9pp-3.7%▲ 0.9pp1.0%▲ 4.7pp

Equity€9.7m▼ 71.9%€6.6m▼ 32.4%€6.2m▼ 6.4%€5.0m▼ 18.2%€5.2m▲ 2.8%

Total assets€21.7m▼ 60.5%€18.9m▼ 12.8%€22.1m▲ 17.0%€20.0m▼ 9.6%€18.1m▼ 9.6%

Debt€11.8m▼ 41.2%€12.3m▲ 4.7%€15.9m▲ 29.5%€14.9m▼ 6.3%€12.9m▼ 13.6%

Working capital€4.8m▼ 83.6%€1.1m▼ 77.1%€795,491▼ 27.5%€1.5m▲ 88.7%€1.0m▼ 32.0%

Staff (FTE)53▼ 20.9%46.1▼ 13.0%44.2▼ 4.1%41.1▼ 7.0%42.6▲ 3.6%

Why a figure moved sharply

2023 Net result -169% on 2022. Cause not known from the registers.
2022 Net result +87% on 2021. Cause not known from the registers.
2021 Net result +60% on 2020. Cause not known from the registers.
2020 Turnover -57%, Net result -205%, Equity -72%, Total assets -61% on 2019. Cause not known from the registers.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €148,696 after a loss of €685,742 in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €18.1m

27.3%

72.7%

Fixed assets €4.9m ▼ 20.3%

Current assets €13.1m ▼ 4.8%

Equity and liabilities €18.1m

28.6%

71.4%

Equity €5.2m ▲ 2.8%

Provisions €0 ▼ 100%

Debt €12.9m ▼ 13.6%

Debt's share of the balance-sheet total falls from 74.7% to 71.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€572,988▲

2023 · -€299,507

Cash flow

€564,041▲

2023 · -€737,575

Current ratio

1.08▼

2023 · 1.12

Quick ratio

1.00▲

2023 · 0.92

Debt to equity

2.49▼

2023 · 2.96

ROE

2.7%▲

2023 · -22.3%

ROA

0.8%▲

2023 · -5.6%

Interest coverage

2.58▲

2023 · -2.26

Debt ≤ 1 year

€12.1m▼

2023 · €12.3m

Debt > 1 year

€711,073▼

2023 · €2.6m

Income taxes

€4,447▲

2023 · €295

Staff costs

€3.7m▲

2023 · €3.6m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.

Small
20 years or older
solvency 10 to 30%
a profit under 5% of the balance sheet

0.9% went bankrupt

1.9% stopped otherwise

97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,653 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 96 lines

Balance sheet Code20232024

Assets

Total assets20/58€20.0m€18.1m▼

Fixed assets21/28€6.2m€4.9m▼

Intangible fixed assets21€791,475€674,958▼

Tangible fixed assets22/27€527,358€11,113▼

Land and buildings22€0€0=

Plant, machinery and equipment23€5,042€1,350▼

Furniture and vehicles24€19,776€9,763▼

Leasing and similar rights25€0€0=

Other tangible fixed assets26€502,540€0▼

Assets under construction and advance payments27€0€0=

Financial fixed assets28€4.9m€4.2m▼

Affiliated companies280/1€4.8m€4.2m▼

Participating interests280€4.8m€4.2m▼

Amounts receivable281€0€0=

Other financial fixed assets284/8€42,968€48,409▲

Amounts receivable and cash guarantees285/8€42,968€48,409▲

Current assets29/58€13.8m€13.1m▼

Amounts receivable after more than one year29€2.3m€1.7m▼

Trade receivables290€2,856€1,026▼

Other amounts receivable291€2.2m€1.7m▼

Stocks and contracts in progress3€2.4m€965,820▼

Stocks30/36€2.4m€965,820▼

Raw materials and consumables30/31€538,148€169,660▼

Goods purchased for resale34€1.9m€796,160▼

Amounts receivable within one year40/41€8.4m€10.1m▲

Trade receivables40€6.4m€8.2m▲

Other amounts receivable41€2.0m€1.9m▼

Current investments50/53€33,375€33,375=

Own shares50€33,375€33,375=

Cash at bank and in hand54/58€495,672€286,000▼

Deferred charges and accrued income490/1€157,990€143,907▼

Equity and liabilities

Total equity and liabilities10/49€20.0m€18.1m▼

Equity10/15€5.0m€5.2m▲

Contributions10/11€10.0m€3.0m▼

Capital10€10.0m€3.0m▼

Issued capital100€10.0m€3.0m▼

Reserves13€2.0m€2.0m=

Non-distributable reserves130/1€1.5m€1.5m=

Legal reserve130€1.0m€1.0m=

Own shares acquired1312€33,375€33,375=

Other1319€503,653€503,653=

Distributable reserves133€465,000€465,000=

Profit (loss) carried forward14-€7.0m€139,749▲

Provisions and deferred taxes16€29,200€0▼

Provisions for liabilities and charges160/5€29,200€0▼

Other liabilities and charges164/5€29,200€0▼

Amounts payable17/49€14.9m€12.9m▼

Amounts payable after more than one year17€2.6m€711,073▼

Financial debts170/4€2.6m€711,073▼

Other loans174€2.6m€711,073▼

Amounts payable within one year42/48€12.3m€12.1m▼

Current portion of amounts payable after more than one year42€650,472€0▼

Trade debts44€8.7m€9.4m▲

Suppliers440/4€8.7m€9.4m▲

Advances received on contracts in progress46€1.7m€1.8m▲

Taxes, remuneration and social security45€604,947€391,185▼

Taxes450/3€6,554€14,826▲

Remuneration and social security454/9€598,393€376,359▼

Other amounts payable47/48€676,046€546,225▼

Accrued charges and deferred income492/3€40,853€61,457▲

Income statement Code20232024

Operating income70/76A€22.9m€21.0m▼

Turnover70€18.4m€14.7m▼

Own construction capitalised72€99,325€98,975▼

Other operating income74€4.1m€1.5m▼

Non-recurring operating income76A€238,149€4.7m▲

Operating charges60/66A€23.6m€20.8m▼

Goods for resale, raw materials and consumables60€14.6m€11.1m▼

Purchases600/8€15.4m€10.3m▼

Change in stocks: decrease (increase)609-€744,199€853,013▲

Services and other goods61€4.8m€4.4m▼

Remuneration, social security and pensions62€3.6m€3.7m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€386,235€424,292▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€83,504€803,234▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€0-€29,200▼

Other operating charges640/8€62,111€81,068▲

Non-recurring operating charges66A€179€385,587▲

Operating profit (loss)9901-€685,742€148,696▲

Financial income75/76B€1.4m€2.4m▲

Recurring financial income75€1.4m€2.4m▲

Income from financial fixed assets750€1.3m€734,910▼

Income from current assets751€0€1.5m▲

Other financial income752/9€93,202€137,731▲

Financial charges65/66B€1.8m€2.4m▲

Recurring financial charges65€825,110€458,394▼

Debt charges650€132,430€221,885▲

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€531,171€116,550▼

Other financial charges652/9€161,509€119,959▼

Non-recurring financial charges66B€1.0m€1.9m▲

Profit (loss) for the period before taxes9903-€1.1m€144,196▲

Income taxes67/77€295€4,447▲

Taxes670/3€295€4,447▲

Profit (loss) for the period9904-€1.1m€139,749▲

Profit (loss) for the period to be appropriated9905-€1.1m€139,749▲

Appropriation of the result

Profit (loss) to be appropriated9906-€7.0m€139,749▲

Profit (loss) brought forward from the previous period14P-€5.9m-

Social balance

Average headcount (FTE)908741.142.6▲

The notes to these accounts (77 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2020	2021	2022	2023	2024	Change
Operating income70/76A	-	€20.2m	€20.7m	€22.9m	€21.0m	▼ 8.3%
Turnover70	€18.4m	€17.0m	€18.3m	€18.4m	€14.7m	▼ 20.5%
Own construction capitalised72	-	-	-	€99,325	€98,975	▼ 0.4%
Other operating income74	-	€3.2m	€2.4m	€4.1m	€1.5m	▼ 63.0%
Non-recurring operating income76A	-	€0	-	€238,149	€4.7m	▲ 1,875%
Operating charges60/66A	-	€23.0m	€21.6m	€23.6m	€20.8m	▼ 11.6%
Goods for resale, raw materials and consumables60	-	€13.7m	€14.5m	€14.6m	€11.1m	▼ 23.8%
Purchases600/8	-	€13.0m	€14.4m	€15.4m	€10.3m	▼ 33.1%
Change in stocks: decrease (increase)609	-	€742,572	€36,124	-€744,199	€853,013	▲ 215%
Services and other goods61	-	€5.0m	€4.3m	€4.8m	€4.4m	▼ 9.4%
Remuneration, social security and pensions62	-	€3.2m	€3.5m	€3.6m	€3.7m	▲ 2.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1.0m	€267,263	€330,087	€386,235	€424,292	▲ 9.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	€504,585	-€2.3m	€83,504	€803,234	▲ 862%
Provisions for liabilities and charges: additions (uses and reversals)635/8	-	-€157,294	€0	€0	-€29,200	-
Other operating charges640/8	-	€507,643	€1.3m	€62,111	€81,068	▲ 30.5%
Non-recurring operating charges66A	-	-€58,204	€1,107	€179	€385,587	▲ 215,312%
Operating profit (loss)9901	-€6.1m	-€2.8m	-€839,628	-€685,742	€148,696	▲ 122%
Financial income75/76B	-	€611,513	€649,031	€1.4m	€2.4m	▲ 70.4%
Recurring financial income75	€391,269	€47,013	€649,031	€1.4m	€2.4m	▲ 70.4%
Income from financial fixed assets750	-	€0	€462,000	€1.3m	€734,910	▼ 43.2%
Income from current assets751	-	€0	€53,980	€0	€1.5m	-
Other financial income752/9	-	€47,013	€133,051	€93,202	€137,731	▲ 47.8%
Non-recurring financial income76B	-	€564,500	-	-	-	-
Financial charges65/66B	-	€934,054	€227,319	€1.8m	€2.4m	▲ 29.8%
Recurring financial charges65	€2.2m	€369,555	€226,320	€825,110	€458,394	▼ 44.4%
Debt charges650	€76,756	€33,457	€85,934	€132,430	€221,885	▲ 67.5%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651	-	€250,000	-€277,733	€531,171	€116,550	▼ 78.1%
Other financial charges652/9	-	€86,098	€418,119	€161,509	€119,959	▼ 25.7%
Non-recurring financial charges66B	-	€564,499	€999	€1.0m	€1.9m	▲ 91.0%
Profit (loss) for the period before taxes9903	-€8.0m	-€3.1m	-€417,916	-€1.1m	€144,196	▲ 113%
Income taxes67/77	€0	€24,385	-	€295	€4,447	▲ 1,407%
Taxes670/3	-	€24,385	-	€295	€4,447	▲ 1,407%
Profit (loss) for the period9904	-€8.0m	-€3.2m	-€417,916	-€1.1m	€139,749	▲ 112%
Profit (loss) for the period to be appropriated9905	-€8.0m	-€3.2m	-€417,916	-€1.1m	€139,749	▲ 112%

Line	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€21.7m	€18.9m	€22.1m	€20.0m	€18.1m	▼ 9.6%
Fixed assets21/28	€5.3m	€5.6m	€6.6m	€6.2m	€4.9m	▼ 20.3%
Intangible fixed assets21	€364,137	€799,180	€825,768	€791,475	€674,958	▼ 14.7%
Tangible fixed assets22/27	€883,496	€748,408	€645,216	€527,358	€11,113	▼ 97.9%
Land and buildings22	-	€0	€0	€0	€0	-
Plant, machinery and equipment23	-	€4,423	€9,510	€5,042	€1,350	▼ 73.2%
Furniture and vehicles24	-	€7,530	€16,209	€19,776	€9,763	▼ 50.6%
Leasing and similar rights25	-	€0	€0	€0	€0	-
Other tangible fixed assets26	-	€736,455	€619,497	€502,540	€0	▼ 100%
Assets under construction and advance payments27	-	-	€0	€0	€0	-
Financial fixed assets28	€4.0m	€4.0m	€5.1m	€4.9m	€4.2m	▼ 12.8%
Affiliated companies280/1	-	€4.0m	€5.1m	€4.8m	€4.2m	▼ 13.0%
Participating interests280	-	€4.0m	€5.1m	€4.8m	€4.2m	▼ 13.0%
Amounts receivable281	-	-	€0	€0	€0	-
Other financial fixed assets284/8	-	€42,968	€42,968	€42,968	€48,409	▲ 12.7%
Amounts receivable and cash guarantees285/8	-	€42,968	€42,968	€42,968	€48,409	▲ 12.7%
Current assets29/58	€16.4m	€13.3m	€15.5m	€13.8m	€13.1m	▼ 4.8%
Amounts receivable after more than one year29	-	€0	€24,059	€2.3m	€1.7m	▼ 26.7%
Trade receivables290	-	€0	€24,059	€2,856	€1,026	▼ 64.1%
Other amounts receivable291	-	€0	-	€2.2m	€1.7m	▼ 26.6%
Stocks and contracts in progress3	€2.0m	€1.4m	€1.7m	€2.4m	€965,820	▼ 60.5%
Stocks30/36	-	€1.4m	€1.7m	€2.4m	€965,820	▼ 60.5%
Raw materials and consumables30/31	-	€485,742	€618,804	€538,148	€169,660	▼ 68.5%
Goods purchased for resale34	-	€888,145	€1.1m	€1.9m	€796,160	▼ 58.3%
Amounts receivable within one year40/41	€12.1m	€11.7m	€13.6m	€8.4m	€10.1m	▲ 19.5%
Trade receivables40	-	€10.0m	€12.3m	€6.4m	€8.2m	▲ 27.1%
Other amounts receivable41	-	€1.7m	€1.2m	€2.0m	€1.9m	▼ 5.3%
Current investments50/53	€33,375	€33,375	€33,375	€33,375	€33,375	=
Own shares50	-	€33,375	€33,375	€33,375	€33,375	=
Cash at bank and in hand54/58	€1.2m	€174,467	€111,461	€495,672	€286,000	▼ 42.3%
Deferred charges and accrued income490/1	-	€90,894	€77,850	€157,990	€143,907	▼ 8.9%
Equity and liabilities
Total equity and liabilities10/49	€21.7m	€18.9m	€22.1m	€20.0m	€18.1m	▼ 9.6%
Equity10/15	€9.7m	€6.6m	€6.2m	€5.0m	€5.2m	▲ 2.8%
Contributions10/11	€10.0m	€10.0m	€10.0m	€10.0m	€3.0m	▼ 69.8%
Capital10	-	€10.0m	€10.0m	€10.0m	€3.0m	▼ 69.8%
Issued capital100	-	€10.0m	€10.0m	€10.0m	€3.0m	▼ 69.8%
Reserves13	€2.0m	€2.0m	€2.0m	€2.0m	€2.0m	=
Non-distributable reserves130/1	-	€1.5m	€1.5m	€1.5m	€1.5m	=
Legal reserve130	-	€1.0m	€1.0m	€1.0m	€1.0m	=
Own shares acquired1312	-	€33,375	€33,375	€33,375	€33,375	=
Other1319	-	€503,653	€503,653	€503,653	€503,653	=
Distributable reserves133	-	€465,000	€465,000	€465,000	€465,000	=
Profit (loss) carried forward14	-€2.3m	-€5.5m	-€5.9m	-€7.0m	€139,749	▲ 102%
Provisions and deferred taxes16	€186,494	€29,200	€29,200	€29,200	€0	▼ 100%
Provisions for liabilities and charges160/5	-	€29,200	€29,200	€29,200	€0	▼ 100%
Pensions and similar obligations160	-	€0	-	-	-	-
Other liabilities and charges164/5	-	€29,200	€29,200	€29,200	€0	▼ 100%
Amounts payable17/49	€11.8m	€12.3m	€15.9m	€14.9m	€12.9m	▼ 13.6%
Amounts payable after more than one year17	€58,201	€0	€1.1m	€2.6m	€711,073	▼ 72.4%
Financial debts170/4	-	€0	€1.1m	€2.6m	€711,073	▼ 72.4%
Subordinated loans170	-	€0	-	-	-	-
Leasing and similar obligations172	-	€0	-	-	-	-
Other loans174	-	-	€1.1m	€2.6m	€711,073	▼ 72.4%
Trade debts175	-	€0	-	-	-	-
Suppliers1750	-	€0	-	-	-	-
Other amounts payable178/9	-	€0	-	-	-	-
Amounts payable within one year42/48	€11.6m	€12.2m	€14.8m	€12.3m	€12.1m	▼ 1.5%
Current portion of amounts payable after more than one year42	-	€58,200	€533,497	€650,472	€0	▼ 100%
Financial debts43	-	€0	-	-	-	-
Credit institutions430/8	-	€0	-	-	-	-
Trade debts44	€10.4m	€10.5m	€11.1m	€8.7m	€9.4m	▲ 8.5%
Suppliers440/4	-	€10.5m	€11.1m	€8.7m	€9.4m	▲ 8.5%
Advances received on contracts in progress46	-	€752,065	€1.1m	€1.7m	€1.8m	▲ 4.4%
Taxes, remuneration and social security45	-	€657,073	€543,022	€604,947	€391,185	▼ 35.3%
Taxes450/3	-	€126,558	€4,359	€6,554	€14,826	▲ 126%
Remuneration and social security454/9	-	€530,515	€538,663	€598,393	€376,359	▼ 37.1%
Other amounts payable47/48	-	€312,535	€1.5m	€676,046	€546,225	▼ 19.2%
Accrued charges and deferred income492/3	-	€64,117	€40,497	€40,853	€61,457	▲ 50.4%

Line	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	-€8.0m	-€3.2m	-€417,916	-€1.1m	€139,749	▲ 112%
+ Depreciation and write-downs630	€1.0m	€267,263	€330,087	€386,235	€424,292	▲ 9.9%
Operating cash flow (approximation)	-€6.9m	-€2.9m	-€87,829	-€737,575	€564,041	▲ 176%
Investment in fixed assets (approximation)	-	-€583,551	-€1.3m	-€127	€829,930	▲ 653,588%
Change in cash	-	-€1.0m	-€63,006	€384,211	-€209,672	▼ 155%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 47Financial 2Gazette 35Filings 10

2025

22-12

State Gazette act Appointment: BDO (réviseur d'entreprises)

Permanent representative: Christophe COLSON · Registered-office move · Auditor fees5 facts ▸

General meeting, 04/07/2025
Auditor appointment, BDO (réviseur d'entreprises)
Permanent representative, Christophe COLSON
Registered-office move, 4000 Rocourt, 257 chaussée de Tongres
Auditor fees, 17.000€ HTVA par an

17-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

10-01

State Gazette act Capital & shares · Statutes amendment

Capital decrease · Capital4 facts ▸

General meeting, 23/12/2024
Capital decrease, €6.999.404
Capital, €3.033.971
Statutes amendment

2024

31-12

Financial Back to profitnet €139,749

Net result €139,749 after 5 loss-making years.

17-12

State Gazette act Resignations: Sébastien Boden (daily management delegate) and Georges Garic (director)

Appointment: Jean Mizrahi (managing director) · Director discharge6 facts ▸

General meeting, 02-12-2024
Director resignation, Sébastien Boden (daily management delegate)
Director discharge, Sébastien Boden
Director resignation, Georges Garic (director)
Director discharge, Georges Garic
Director appointment, Jean Mizrahi (managing director)

25-09

State Gazette act Appointments: Jean Mizrahi (director) and Georges Garic (director)

Mandate compensation5 facts ▸

General meeting, 23/08/2023
Director appointment, Jean Mizrahi (director)
Director appointment, Georges Garic (director)
Mandate compensation, Jean Mizrahi
Mandate compensation, Georges Garic

05-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 24 days late

09-05

State Gazette act Appointment: BDO réviseur d'entreprises SCC (réviseur d'entreprises)

Permanent representative: Christophe Colson3 facts ▸

General meeting, 30/06/2022
Auditor appointment, BDO réviseur d'entreprises SCC (réviseur d'entreprises)
Permanent representative, Christophe Colson

2022

08-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

28-01

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 181 days late

2021

30-04

State Gazette act Resignations: Christophe Lacroix (director) and David Deltour (director)

Appointments: Thierry Lescasse, Sébastien Boden and Wojciech Antoine Drzymala · Director discharge · Power of attorney10 facts ▸

General meeting, 25/09/2020
Board meeting, 18/12/2020
Director resignation, Christophe Lacroix (director)
Director discharge, Christophe Lacroix
Director resignation, David Deltour (director)
Director discharge, David Deltour
Director appointment, Thierry Lescasse (director)
Director appointment, Sébastien Boden (daily management delegate)
Director appointment, Wojciech Antoine Drzymala (daily management delegate)
Power of attorney, Sébastien Boden

Show earlier events

2020

31-12

Financial Weakest financial yearnet -€8.0m

Net result drops to -€8.0m, the lowest in the series; recovery starts the following year.

25-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 56 days late

2019

25-11

State Gazette act Restructuring

Demerger · Accounting effect2 facts ▸

Demerger
Accounting effect, 01/11/2019

04-09

State Gazette act Statutes amendment · Resignations & appointments

Name change · Capital5 facts ▸

General meeting, 01/08/2019
Name change, CinemaNext
Statutes amendment
Statutes amendment
Capital, €10.033.375

26-08

State Gazette act Appointment: BDO Réviseurs d'entreprises SCC (statutory auditor)

Permanent representative: Christophe Colson3 facts ▸

General meeting, 29/06/2019
Auditor appointment, BDO Réviseurs d'entreprises SCC (statutory auditor)
Permanent representative, Christophe Colson

23-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

04-07

State Gazette act Resignation: Till CUSSMANN (director)

Appointment: Georges GARIC (director) · Registered-office move · Capital8 facts ▸

General meeting, 08/06/2018
Registered-office move, 4670 Blegny (Belgique), Parc Artisanal de Barchon, Rue Princesse Astrid 1
Capital, euros 10.033.375
Director resignation, Till CUSSMANN (director)
Director discharge, Till CUSSMANN
Director appointment, Georges GARIC (director)
Mandate compensation, Georges GARIC
Power of attorney, Gérard INDEKEU

28-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

12-07

State Gazette act Reappointments: Jean Mizrahi, Christophe Lacroix and 2 others

Mandate compensation9 facts ▸

General meeting, 16/06/2017
Director reappointment, Jean Mizrahi (director)
Director reappointment, Christophe Lacroix (director)
Director reappointment, Till Cussmann (director)
Director reappointment, David Deltour (director)
Mandate compensation, Jean Mizrahi
Mandate compensation, Christophe Lacroix
Mandate compensation, Till Cussmann
Mandate compensation, David Deltour

30-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

24-03

State Gazette act Resignation: Pierre Flamant (director)

Appointments: David Deltour (director) and BDO Réviseurs d'entreprises SCC (statutory auditor) · Mandate compensation · Power of attorney8 facts ▸

General meeting, 15/02/2017
Board meeting, 15/02/2017
Director resignation, Pierre Flamant (director)
Director appointment, David Deltour (director)
Mandate compensation, David Deltour
Auditor appointment, BDO Réviseurs d'entreprises SCC (statutory auditor)
Power of attorney, David Deltour
Power of attorney, David Deltour

2016

29-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

07-01

State Gazette act Resignations: Christophe Piron (director) and Jean-Marie Dura (director)

Appointment: Till Cussmann (director) · Mandate compensation · Power of attorney10 facts ▸

General meeting, 31/03/2015
Director resignation, Christophe Piron (director)
General meeting, 20/05/2015
Director resignation, Jean-Marie Dura (director)
General meeting, 31/08/2015
Director appointment, Till Cussmann (director)
Mandate compensation, Till Cussmann
Board meeting, 01/09/2015
Power of attorney, Pierre Flamant
Power of attorney, Pierre Flamant

2014

04-11

State Gazette act Resignations: EVS Broadcast Equipment SA, Serge Plasch and 8 others

Appointments: Jean Mizrahi, Jean-Marie Dura and 3 others · Mandate compensation · Mandate end date29 facts ▸

General meeting, 20/10/2014
Board meeting, 20/10/2014
Director resignation, EVS Broadcast Equipment SA (director)
Director resignation, Serge Plasch (director)
Director resignation, SPARAXIS SA (director)
Director resignation, Bart Diels (director)
Director resignation, Industrielle des Cytises SA (director)
Director resignation, BIP Investment Partners SA (director)
Director resignation, Robert de Vogel (director)
Director appointment, Jean Mizrahi (director)
Director appointment, Jean-Marie Dura (director)
Director appointment, Christophe Lacroix (director)
+17 further facts in this act

04-11

State Gazette act Capital & shares

Power of attorney2 facts ▸

General meeting, 20/10/2014
Power of attorney, Pierre Flamant

21-10

State Gazette act Statutes amendment · Resignations & appointments

Contract3 facts ▸

General meeting, 28/8/2014
Statutes amendment
Contract, Securities Pledge Agreement dated 25 July 2014, parties: Pledgors, BNP Paribas Fortis SA/NV (Security Agent), Senior Alpha Pledgees, Beta Pledgee, Subordinated…

07-10

State Gazette act Capital & shares · Miscellaneous

General meeting1 fact ▸

General meeting, 28-08-2014

11-08

State Gazette act Restructuring

Merger · Dissolution · Accounting effect5 facts ▸

General meeting, 30/07/2014
Merger, absorption, 01/01/2014
Dissolution, 30-07-2014
Accounting effect, 01/01/2014
Power of attorney, Pierre FLAMANT

11-08

State Gazette act Restructuring

Merger · Accounting effect · Dissolution5 facts ▸

General meeting, 30/07/2014
Merger, absorption, 01/01/2014
Accounting effect, 01/01/2014
Dissolution, 30-07-2014
Power of attorney, Pierre FLAMANT

26-05

State Gazette act Restructuring

Merger · Capital · Accounting effect6 facts ▸

Board meeting, 14/05/2014
Merger
Capital, euros 10.033.375
Capital, euros 1.875.000
Accounting effect, 01/01/2014
Real estate, nee

26-05

State Gazette act Restructuring

Permanent representative: Eric Bauche · Merger · Accounting effect7 facts ▸

Board meeting, 14/05/2014
Merger
Accounting effect, 01/01/2014
Power of attorney, Pierre Flamant
Permanent representative, Eric Bauche
Capital, €10.033.375
Capital, €100.000

2013

01-10

State Gazette act Capital & shares · Statutes amendment

Share issue · Capital increase · Bank account5 facts ▸

Share issue, 25, 1.335,- €
Capital increase, €33.375
Bank account, BNP PARIBAS FORTIS
Capital, €10.033.375
Statutes amendment

28-06

State Gazette act Appointments: BDO Réviseurs d'entreprises SCC (statutory auditor) and Robert de Vogel (director)

Permanent representatives: Jacques Galloy, Accès Direct SA and 4 others · Resignation: Pierre Rion (director) · Reappointments: EVS Broadcast Equipment SA, Bart Diels and 4 others18 facts ▸

General meeting, 24/04/2013
Approval, comptes annuels sociaux pour l'exercice social clôturé au 31 décembre 2012
Director discharge, dcinex
Auditor appointment, BDO Réviseurs d'entreprises SCC (statutory auditor)
Permanent representative, Jacques Galloy
Permanent representative, Accès Direct SA
Permanent representative, Pierre Rion
Director resignation, Pierre Rion (director)
Director appointment, Robert de Vogel (director)
Director reappointment, EVS Broadcast Equipment SA (director)
Director reappointment, Bart Diels (director)
Director reappointment, Sparaxis SA (director)
+6 further facts in this act

2012

31-10

State Gazette act Resignations: Alain Keppens, Beaufagne SA and Robert Stéphane

Appointment: Bart Diels (director) · Permanent representative: Thierry Beauvois · Mandate compensation8 facts ▸

General meeting, 09-05-2012
Director resignation, Alain Keppens (director)
Director appointment, Bart Diels (director)
Director appointment, Bart Diels (director)
Mandate compensation, Bart Diels
Director resignation, Beaufagne SA (director)
Permanent representative, Thierry Beauvois
Director resignation, Robert Stéphane (director)

15-10

State Gazette act Appointments: INDUSTRIELLE DES CYTISES (director) and BIP Investment Partners (director)

Permanent representatives: Michel Delloye and Bruno LAMBERT · Name change · Capital decrease6 facts ▸

Name change, dcinex
Capital decrease, €28.905.050,92
Director appointment, INDUSTRIELLE DES CYTISES (director)
Permanent representative, Michel Delloye
Director appointment, BIP Investment Partners (director)
Permanent representative, Bruno LAMBERT

2010

09-03

State Gazette act Statutes amendment · Resignations & appointments

Approval · Share issue · Capital increase7 facts ▸

Approval, Approbation de l'« Investment Agreement », du « Subordinated Loan Agreement A » (clause 9.2), du « Subordinated Loan Agreement B » (clause 9.2) et du « Securiti…
Share issue, droits de souscription (warrants), 17108
Capital increase
Share issue, droits de souscription (warrants), 900
Capital increase
Statutes amendment
Capital, €38.905.050,92

85.2% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

25-01

State Gazette act Resignation: POWE CAPITAL MANAGEMENT LLP (director)

Permanent representative: POWE Rory Stephen · Appointment: KEPPENS Alain (director) · Capital increase7 facts ▸

Capital increase, €13.498.021,04
Share issue, actions sans désignation de valeur nominale, 15159
Statutes amendment, ARTICLE 2 - Siège social
Statutes amendment, ARTICLE 5 Montant et représentation
Director resignation, POWE CAPITAL MANAGEMENT LLP (director)
Permanent representative, POWE Rory Stephen
Director appointment, KEPPENS Alain (director)

2009

16-11

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 07/10/2009
Registered-office move, 4020 Liège (Belgique), rue de Mulhouse, 36

16-11

State Gazette act Resignation: AUDIOLUX (director)

Permanent representatives: SANTINO Giuseppe and Freddy MEURS · Appointment: SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DU BASSIN DE LIEGE (director) · Approval10 facts ▸

General meeting, 18/08/2009
Approval, Approbation des conditions et modalités des 'Transaction Documents' liés au 'Facility Agreement'
Power of attorney, Jacques GALLOY
Power of attorney, Serge PLASCH
Power of attorney, Pierre FLAMANT
Power of attorney, XDC
Director resignation, AUDIOLUX (director)
Permanent representative, SANTINO Giuseppe
Director appointment, SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DU BASSIN DE LIEGE (director)
Permanent representative, Freddy MEURS

2008

21-01

State Gazette act Resignation: G.CONSULTING (director)

Permanent representatives: Guillaume de VERGES and SANTINO Giuseppe · Appointments: AUDIOLUX (director) and PLASCH Serge Charles (director) · Share issue12 facts ▸

Share issue, émission d'un emprunt obligataire représenté par 5 616 obligations nominatives assorties chacune d'un droit de souscription (warrant) détachable
Bank account, 001-5413460-63
Statutes amendment
Director resignation, G.CONSULTING (director)
Permanent representative, Guillaume de VERGES
Director appointment, AUDIOLUX (director)
Permanent representative, SANTINO Giuseppe (permanent representative)
Director appointment, PLASCH Serge Charles (director)
Mandate compensation, AUDIOLUX
Mandate compensation, PLASCH Serge Charles
Mandate term, fin immédiatement après l'assemblée générale annuelle de deux mil dix
Mandate term, fin immédiatement après l'assemblée générale annuelle de deux mil dix

2007

21-05

State Gazette act Registered office · Capital & shares · Statutes amendment

Registered-office move · Share-buyback authorisation4 facts ▸

Registered-office move, 4031 Angleur (Belgique), avenue du Pré Aily, 6
Statutes amendment
Share-buyback authorisation, 18 months, 5000 EUR
General meeting, 25/04/2007

2006

24-07

State Gazette act Resignation: DUMBRUCH Jean (director)

Permanent representatives: DUMBRUCH Jean and POWE Rory Stephen · Appointment: POWE CAPITAL MANAGEMENT LLP (director) · Capital increase8 facts ▸

Capital increase, €12.484.830,4
Bank account, 340-1033502-05
Capital, €25.407.029,88
Statutes amendment
Director resignation, DUMBRUCH Jean (director)
Permanent representative, DUMBRUCH Jean (permanent representative)
Director appointment, POWE CAPITAL MANAGEMENT LLP (director)
Permanent representative, POWE Rory Stephen (permanent representative)

2005

28-01

State Gazette act Appointments: MINGUET Laurent, RION Pierre and 9 others

Permanent representatives: BODSON Francis, BEAUVOIS Thierry and 3 others · Share issue · Capital increase25 facts ▸

General meeting, 16/12/2004
Share issue, 8500, 9 old for 85 new
Capital increase, €8.950.000
Share issue, warrants, 918
Capital, €9.920.799,48
Statutes amendment
Director appointment, MINGUET Laurent (director)
Director appointment, RION Pierre (director)
Director appointment, CLAUSSE dit STEPHANE Robert (director)
Director appointment, DUMBRUCH Jean (director)
Director appointment, GALLOY Jacques (director)
Director appointment, EVS BROADCAST EQUIPMENT (director)
+13 further facts in this act

2004

22-11

State Gazette act Capital & shares · Statutes amendment

Capital increase · Share issue · Capital4 facts ▸

Capital increase, €870.799,48
Share issue, 800, 1.088,50€
Capital, €970.799,48
Statutes amendment

20-09

State Gazette act Restructuring · Miscellaneous

Board meeting1 fact ▸

Board meeting, 08/09/2004

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

35 of 35 acts read

Directors · office · real estate

Directors

2 directors, 2 in day-to-day management, last change in 2024

Board 2

Jean Mizrahi

Director · since 20-10-2014

Current

Thierry Lescasse

Director · since 01-09-2020

Current

12 not recently confirmed

Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.

BEAUFAGNE

Director · since 16-12-2004 · Legal entity · perm. rep.: BEAUVOIS Thierry

Not recently confirmed

BGL Investment Partners

Director · since 16-12-2004 · Legal entity · perm. rep.: FABER Marc

Not recently confirmed

EVS BROADCAST EQUIPMENT

Director · since 16-12-2004 · Legal entity · perm. rep.: BODSON Francis

Not recently confirmed

GALLOY Jacques

Director · since 16-12-2004

Not recently confirmed

MINGUET Laurent

Director · since 16-12-2004

Not recently confirmed

PARTNERS @ VENTURE

Director · since 16-12-2004 · Legal entity · perm. rep.: SYNAEGHEL Luc

Not recently confirmed

NOSHAQ

Director · since 16-11-2009 · Public limited company · perm. rep.: Freddy MEURS

Not recently confirmed

BIP Investment Partners

Director · since 21-09-2012 · Legal entity · perm. rep.: Bruno LAMBERT

Not recently confirmed

Christophe Lacroix

Director

Not recently confirmed

EVS BROADCAST EQUIPMENT

Director · Public limited company · perm. rep.: Jacques Galloy

Not recently confirmed

Industrielle des Cytises

Director · Legal entity · perm. rep.: Michel Delloye

Not recently confirmed

SPARAXIS

Director · Public limited company · perm. rep.: Eric Bauche

Not recently confirmed

Day-to-day management 2

Jean Mizrahi

Managing director · since 20-10-2014

Current

Antoine DRZYMALA

Daily management delegate · since 30-04-2021

Current

Permanent representatives 9

BEAUVOIS Thierry

Permanent representative · since 16-12-2004 · for BEAUFAGNE

Not recently confirmed

BODSON Francis

Permanent representative · since 16-12-2004 · for EVS BROADCAST EQUIPMENT

Not recently confirmed

FABER Marc

Permanent representative · since 16-12-2004 · for BGL Investment Partners

Not recently confirmed

SYNAEGHEL Luc

Permanent representative · since 16-12-2004 · for PARTNERS @ VENTURE

Not recently confirmed

Freddy MEURS

Permanent representative · since 16-11-2009 · for NOSHAQ

Not recently confirmed

Bruno LAMBERT

Permanent representative · since 21-09-2012 · for BIP Investment Partners

Not recently confirmed

Eric Bauche

Permanent representative · for SPARAXIS

Not recently confirmed

Jacques Galloy

Permanent representative · for EVS BROADCAST EQUIPMENT

Not recently confirmed

Show all 9 representatives

Michel Delloye

Permanent representative · for Industrielle des Cytises

Not recently confirmed

Statutory auditor 1

BDO

Réviseur d'entreprises · since 28-06-2013

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Liège · 1 establishment unit since 2004

seat establishment The establishment unit on the map

Ground area

8,901 m²

Building footprint

1,813 m²

Volume, LiDAR

9,264 m³

2 parcels, Wallonia · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.

10 companies at this address See who is registered here

1 establishment unit

XDC

Avenue Pré-Aily 6, 4031 LiègeOther manufacturing

since 20042.137.801.212

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62002C0005/00R000	Wallonia	6,817 m²	1 · 1,386 m²	14.6 m · 2 fl.
62087B0246/00C010	Wallonia	2,084 m²	1 · 427 m²	7.7 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.

Mandate history

41 people since 2004, 16 in office

All 41 In office 16 Ended 25

Board
Day-to-day management
Statutory auditor
Other function
not recently confirmed
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Jean Mizrahi	Director, from 20-10-2014 to date Managing director, from 20-10-2014 to date
Thierry Lescasse	Director, from 01-09-2020 to date
Antoine DRZYMALA	Daily management delegate, from 30-04-2021 to date
BDO	Réviseur d'entreprises, from 28-06-2013 to date
BEAUFAGNE	Director, from 16-12-2004 not ended, last confirmed 28-01-2005
BGL Investment Partners	Director, from 16-12-2004 not ended, last confirmed 28-01-2005
EVS BROADCAST EQUIPMENT	Director, from 16-12-2004 not ended, last confirmed 28-01-2005
GALLOY Jacques	Director, from 16-12-2004 not ended, last confirmed 28-01-2005
MINGUET Laurent	Director, from 16-12-2004 not ended, last confirmed 28-01-2005
PARTNERS @ VENTURE	Director, from 16-12-2004 not ended, last confirmed 28-01-2005
NOSHAQ	Director, from 16-11-2009 not ended, last confirmed 16-11-2009
BIP Investment Partners	Director, from 21-09-2012 not ended, last confirmed 15-10-2012
EVS BROADCAST EQUIPMENT	Director, already before 28-06-2013 not ended, last confirmed 28-06-2013
Industrielle des Cytises	Director, already before 28-06-2013 not ended, last confirmed 28-06-2013
SPARAXIS	Director, already before 28-06-2013 not ended, last confirmed 28-06-2013
Christophe Lacroix	Director, from 20-10-2014 to 30-06-2020 Director, from 20-10-2014 not ended, last confirmed 04-11-2014
Georges Garic	Director, from 08-06-2018 to 15-11-2024
Sébastien Boden	Daily management delegate, from 30-04-2021 to 31-12-2021
David Deltour	Director, from 24-02-2017 to 31-08-2020
Till Cussmann	Director, from 31-08-2015 to 31-03-2018
Pierre Flamant	Director, from 20-10-2014 to 24-02-2017
Jean-Marie Dura	Director, from 20-10-2014 to 31-05-2015
Christophe Piron	Director, from 20-10-2014 to 31-03-2015
Bart Cauberghe	Observateur, until 20-10-2014
Bart Diels	Director, from 10-02-2012 to 20-10-2014
BIP Investment Partners SA	Director, already before 28-06-2013 to 20-10-2014
Christian RASKIN	Observateur, until 20-10-2014
EVS Broadcast Equipment SA	Director, until 20-10-2014
Industrielle des Cytises SA	Director, until 20-10-2014
Partners @Venture NV	Observateur, until 20-10-2014
PLASCH Serge Charles	Director, from 21-01-2008 to 20-10-2014 Managing director, until 20-10-2014
Robert de Vogel	Director, from 24-04-2013 to 20-10-2014
Sparaxis SA	Director, until 20-10-2014
Ernst & Young Réviseurs d'entreprises	Statutory auditor, from 28-01-2005 to 28-06-2013
RION Pierre	Director, from 16-12-2004 to 24-04-2013
CLAUSSE dit STEPHANE Robert	Director, from 16-12-2004 to 09-05-2012
KEPPENS Alain	Director, from 25-01-2010 to 14-12-2011
POWE CAPITAL MANAGEMENT LLP	Director, from 01-07-2006 to 25-01-2010
AUDIOLUX	Director, from 21-01-2008 to 17-08-2009
G&G Consulting	Director, from 16-12-2004 to 21-01-2008
DUMBRUCH Jean	Director, from 16-12-2004 to 01-07-2006

Show all 41 people Show the first 12See the board, name and seat on a given date →

Articles of association

Purpose

L'objet social est repris dans la dernière version des statuts coordonnés en date du 28 août 2014... L'analyse d'opportunité, le développement, la commercialisation, la location et…

Full purpose

L'objet social est repris dans la dernière version des statuts coordonnés en date du 28 août 2014... L'analyse d'opportunité, le développement, la commercialisation, la location et l'exploitation de matériel audiovisuel...

according to the deed of 25-11-2019

Structure & network

Owners and holdings

1 owner · 15 holdings

Chain of control

YMAGISFR consolidated
CinemaNext

Highest known parent: YMAGIS (France). The sources do not say who stands above it.

Owners 1

YMAGISFRparent

SourceLEI register

consolidated

Holdings 15

CINEMANEXT AFRICA SARLMAsubsidiary

Sourceown accounts 2024
Equity MAD 3.7mResult MAD 229,240

100%
CINEMANEXT DEUTSCHLAND GmbHDEsubsidiary

Sourceown accounts 2024
Equity €600,224Result -€168,040

100%
CINEMANEXT FRANCE SASFRsubsidiary

Sourceown accounts 2024
Equity -€4.4mResult -€1.1m

100%
Cinemanext Spain SESsubsidiary

Sourceown accounts 2024
Equity €2.4mResult €153,922

100%
CINEMANEXT SWITZERLAND SACHsubsidiary

Sourceown accounts 2024
Equity CHF 215,166Result CHF 187,632

100%
Cinemanext UK LtdGBsubsidiary

Sourceown accounts 2024
Equity GBP 504,202Result GBP 267,577

100%
DCINEX TR SINEMATRsubsidiary

Sourceown accounts 2024
Equity €772,938Result €80,144

100%
YMAGIS ENGINEERING SERVICES SASUFRsubsidiary

Sourceown accounts 2024
Equity €810,885Result €26,189

100%
CINEMANEXT MEA FZCOAEsubsidiary

Sourceown accounts 2024
Equity AED 225,681Result AED 4,783

99%
CINEMANEXT NEDERLAND B.V.NLsubsidiary

Sourceown accounts 2024
Equity €835,536Result €979,604

90.2%

Show 5 more holdings

Cinemanext Austria GmBHATsubsidiary

Sourceown accounts 2024
Equity €950,010Result €497,599

77%
CINEMANEXT NORTH AMERICA LLCUSsubsidiary

Sourceown accounts 2024
Equity USD 1,000Result -USD 962,393

75%
CINEMANEXT DIJITAL SINEMA SES GÖRÜNTÜ EKIPMANLARI VE TIC. A.S.TRsubsidiary

Sourceown accounts 2024
Equity TRY 3.8mResult TRY 1.7m

51%
CINEMANEXT S.R.O.CZsubsidiary

Sourceown accounts 2024
Equity CZK 7.7mResult CZK 809,000

51%
CINEMANEXT SPAIN SAESsubsidiary

SourceLEI register

consolidated

According to the 2024 annual accounts of CinemaNext 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

56 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

Médiathèque Nouvelle

via Antoine DRZYMALA · Director

former→

ACCES DIRECT

Shared director

→

ADVIESBEHEER GIMV HEALTH & CARE 2013

Shared director

→

Adviesbeheer Gimv Health & Care 2016

Shared director

→

Show 52 more companies with a shared director

BANQUE CPH

Shared director

→

BLONDEN PARKING

Shared director

→

CLEAR2PAY

Shared director

→

CPM PARTNERS

Shared director

→

Down2Earth Capital

Shared director

→

Down2Earth Capital II

Shared director

→

Down2Earth Investment Fund

Shared director

→

DUOMED BELGIUM

Shared director

→

EPM ACADEMY

Shared director

→

FONDS DE LA RECHERCHE SCIENTIFIQUE-FNRS

Shared director

→

FONDS FEDERAL DE LA RECHERCHE SCIENTIFIQUE

Shared director

→

HORIZON CONSTRUCT

Shared director

→

Hydrogen Europe

Shared director

→

Invest Minguet Gestion

Shared director

→

IPM Group

Shared director

→

La Maison des Etudiants

Shared director

→

LE POLE IMAGE DE LIEGE

Shared director

→

LES NEWS 24

Shared director

→

NOSHAQ EUROPE 3

Shared director

→

NOSHAQ VENTURE

Shared director

→

OncoDNA

Shared director

→

PAIRI DAIZA

Shared director

→

PHENIX DATA CENTER

Shared director

→

PROXIMUS

Shared director

→

PUNCH POWERTRAIN

Shared director

→

SOCIETE WALLONNE DES EAUX

Shared director

→

Société digitale des Eaux de Wallonie

Shared director

→

SOMNIS BEDDING

Shared director

→

Sperto

Shared director

→

TRASIS

Shared director

→

VK Global

Shared director

→

Wallonie Data Center

Shared director

→

Wallonie Entreprendre

Shared director

→

YAGO

Shared director

→

Yamabiko Europe

Shared director

→

ADVANCED MECHANICAL AND OPTICAL SYSTEMS

Shared corporate director

→

AMPACIMON

Shared corporate director

→

AQUATIC SCIENCE

Shared corporate director

→

BIO-SOURCING

Shared corporate director

→

CONSTRUCTIONS ELECTRONIQUES + TELECOMMUNICATIONS

Shared corporate director

→

ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS

Shared corporate director

→

HOLDING PCS

Shared corporate director

→

ID CAMPUS ASBL

Shared corporate director

→

INVENTURES

Shared corporate director

→

LEANSQUARE

Shared corporate director

→

NAMUR INVEST INNOVATION ET CROISSANCE

Shared corporate director

→

NOSHAQ IMMO

Shared corporate director

→

NOSHAQ SPIN-OFFS

Shared corporate director

→

NSI IT Software & Services

Shared corporate director

→

PROCO-IMMO

Shared corporate director

→

QUAEROQ

Shared corporate director

→

Société d'Investissement du Bassin liégeois

Shared corporate director

→

Acquisitions and mergers

3 transactions

Took over:dcinex Alpha

BE 0806.908.653merger by absorption · State Gazette act of 11-08-2014 (2 acts)

Took over:dcinex Beta

BE 0806.913.997merger by absorption · State Gazette act of 11-08-2014 (2 acts)

Split off to:Eclair Logistics Belgium

proposal · State Gazette act of 25-11-2019

Capital and shareholders

Shareholders according to the acts

After the capital increase act of 24-07-2006 ↗

POWE CAPITAL MANAGEMENT LLP 3,199 shares · 5,499,720.80 EUR
INVEST MINGUET GESTION 58 shares · 99,713.60 EUR
BIP Investment Partners 1,222 shares · 2,100,862.40 EUR
VIVIUM LIFE 624 shares · 1,072,780.80 EUR
PARTNERS @ VENTURE 312 shares · 536,390.40 EUR
COMPAGNIE DU BOIS SAUVAGE 208 shares · 357,593.60 EUR
AUDIOLUX 208 shares · 357,593.60 EUR
BEAUFAGNE 73 shares · 125,501.60 EUR
SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DU BASSIN DE LIEGE 125 shares · 214,900 EUR
RION Pierre Henri 29 shares · 49,856.80 EUR
de SCHAETZEN van BRIENEN Nicolas, Jacques, Albert Marie Ghislain 29 shares · 49,856.80 EUR
G.CONSULTING 12 shares · 20,630.40 EUR
EVS BROADCAST EQUIPMENT 1,163 shares · 1,999,429.60 EUR

After the capital increase act of 28-01-2005 ↗

EVS BROADCAST EQUIPMENT 2,000 shares · 2,000,000 EUR
IMG 500 shares · 500,000 EUR
BGL Investment Partners 2,000 shares · 2,000,000 EUR
VIVIUM LIFE 1,500 shares · 1,500,000 EUR
PARTNERS @ VENTURE 750 shares · 750,000 EUR
COMPAGNIE MOBILIERE & FONCIERE DU BOIS SAUVAGE 500 shares · 500,000 EUR
AUDIOLUX 500 shares · 500,000 EUR
BEAUFAGNE 300 shares · 300,000 EUR
MEUSINVEST 300 shares · 300,000 EUR
RION Pierre 250 shares · 250,000 EUR
de SCHAETZEN van BRIENEN Nicolas 250 shares · 250,000 EUR
G CONSULTING 100 shares · 100,000 EUR

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

10-01-2025 Capital reduction of 6,999,404 EUR · to 3,033,971 EUR · to absorb losses
04-09-2019 Capital stated in 3 acts · 10,033,375 EUR
01-10-2013 Capital increase of 33,375 EUR · to 10,033,375 EUR
15-10-2012 Capital reduction of 28,905,050.92 EUR · to 10,000,000 EUR · to absorb losses
09-03-2010 Capital stated in the act · 38,905,050.92 EUR · 39,871 shares
25-01-2010 Capital increase of 13,498,021.04 EUR · to 38,905,050.92 EUR · 15,159 new shares · in kind
24-07-2006 Capital increase of 12,484,830.40 EUR · to 25,407,029.88 EUR · 7,262 new shares
28-01-2005 Capital increase of 8,950,000 EUR · to 9,920,799.48 EUR · 8,950 new shares

Show 1 older capital entries

22-11-2004 Capital increase of 870,799.48 EUR · to 970,799.48 EUR · 800 new shares

Recognitions · licences · registrations

Legal Entity Identifier

549300OMTPUTL8VMUN71

no longer live in the LEI register

Similar companies · same sector, comparable size

Of 3,395 companies in sector 90393 we hold annual accounts for 939. 149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded08-06-2004

Fiscal year end31-12

Activities, NACEBEL 2025

59130Motion picture, video and television programme production, sound recording and music publishing activities

90393Specialised image, lighting and sound technical services

58190Other publishing activities, excluding software publishing

70200Business and other management consultancy

E-invoicing

Reachable via Peppol

Peppol ID 0208:0865818337

Registered 29-06-2026

Scores and ratios are computed by Checked and are not a credit decision.