CINEOFF

Dissolution or liquidation

Private limited company (pre-2019)founded 2016KBO/BCE: BE 0661.943.242

The KBO register records for CINEOFF the legal situation: dissolution or liquidation (code 013); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €44k and a net result of €6k.

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Signals

Two signals.

+raises risk○neutral

The KBO register records the legal situation: dissolution or liquidation (code 013). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

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

Financials · fiscal year 2020, micro schema

Turnover

€75k▲ 107%

2018 · €36k

2018: €36k

2018 → 2020

EBIT margin

-15.3%▼ 16.5pp

2018 · 1.2%

2018: 1.2%

2018 → 2020

Net result

€6k▲ 188%

2019 · €2k

2018: €273 2019: €2k

2018 → 2020

Working capital

€43k▲ 14.2%

2019 · €38k

2018: €35k 2019: €38k

2018 → 2020

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201820192020Trend

Turnover€36k-€75k

Equity€36k-€38k▲ 5.4%€44k▲ 14.7%

Operating result€415-€2k▲ 498%€-11k

Net result€273-€2k▲ 609%€6k▲ 188%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2020: a loss of €11k after €2k in 2019, the lowest result in the available series.

Balance-sheet composition

2020 in colour, 2019 as the grey bar beneath

Assets €147k

99.6%

Fixed assets €627▲ 248%

Current assets €147k▲ 143%

Equity and liabilities €147k

29.6%

70.4%

Equity €44k▲ 14.7%

Debt €104k▲ 357%

The debt ratio rises from 37.4% to 70.4%. Equity and debt are higher.

Key figures and ratios

2020 value · change against 2019

EBITDA

€-11k▼

2019 · €4k

Cash flow

€6k▲

2019 · €3k

Solvency

29.6%▼

2019 · 62.6%

Current ratio

1.41▼

2019 · 2.65

Quick ratio

1.41▼

2019 · 2.65

Debt / equity

2.38

ROE

12.8%▲

2019 · 5.1%

ROA

3.8%▲

2019 · 3.2%

Interest coverage

-98.43

Debt

€104k▲

2019 · €23k

Debt ≤ 1 year

€104k▲

2019 · €23k

Income taxes

€-143▼

2019 · €501

Staff costs

€-3k

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€61k€147k▲

Formation expenses20€311€156▼

Fixed assets21/28€180€627▲

Tangible fixed assets22/27€180€627▲

Plant, machinery and equipment23-€337

Furniture and vehicles24-€290

Current assets29/58€60k€147k▲

Amounts receivable within one year40/41€58k€135k▲

Trade receivables40-€117k

Other amounts receivable41-€18k

Cash at bank and in hand54/58€18€9k▲

Deferred charges and accrued income490/1-€3k

Equity and liabilities

Total equity and liabilities10/49€61k€147k▲

Equity10/15€38k€44k▲

Contributions10/11€35k€35k=

Capital10-€35k

Issued capital100-€35k

Reserves13€1k€91▼

Non-distributable reserves130/1-€91

Legal reserve130-€91

Profit (loss) carried forward14€2k€9k▲

Amounts payable17/49€23k€104k▲

Amounts payable within one year42/48€23k€104k▲

Trade debts44€16k€92k▲

Suppliers440/4-€92k

Taxes, remuneration and social security45-€677

Taxes450/3-€677

Other amounts payable47/48-€11k

Accrued charges and deferred income492/3-€48

Income statement Code20192020

Turnover70-€75k

Non-recurring operating income76A-€875

Goods, raw materials, services and sundry goods60/61-€88k

Remuneration, social security and pensions62-€-3k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€584▼

Other operating charges640/8-€698

Non-recurring operating charges66A-€174

Gross operating margin9900€27k€-13k▼

Operating profit (loss)9901€2k€-11k▼

Financial income75/76B-€17k

Recurring financial income75-€17k

Non-recurring financial income76B-€80

Financial charges65/66B-€110

Recurring financial charges65€47€110▲

Profit (loss) for the period before taxes9903€2k€5k▲

Income taxes67/77€501€-143▼

Profit (loss) for the period9904€2k€6k▲

Transfer from tax-exempt reserves789-€1k

Profit (loss) for the period to be appropriated9905€935€7k▲

Appropriation of the result

Profit (loss) to be appropriated9906-€9k

Profit (loss) brought forward from the previous period14P-€2k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2022

13-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 317 days late

2021

12-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 285 days late

2020

31-12

Financial Highest result since 2018net €6k ▲188%

Net result €6k, the highest in the series.

2019

25-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 56 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

8 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

2 establishment units since 2016

establishment All 2 establishment units on the map

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.

Ground area

4,620 m²

Building footprint

1,293 m²

Volume, LiDAR

9,556 m³

3 parcels, Flanders, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

CINEOFF

Chaussée de Tubize(W-B) 210, 1440 Braine-le-ChâteauAgents in the wholesale of industrial machinery, ships and aircraft

since 20162.256.380.544

CINEOFF

Maurits Sabbestraat 24, 2800 MechelenOther software publishing

since 20192.303.811.366

3 parcels

Flanders 1 (33.3%) Wallonia 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25111A0689/00Y006	Wallonia	3,064 m²	1 · 457 m²	12.7 m · 2 fl.
25108A0253/00P000	Wallonia	1,321 m²	1 · 603 m²	9.2 m · 3 fl.
12402B0253/00A003	Flanders	235 m²	1 · 232 m²	12.4 m · 2 fl.