CINEREGIE
ActiveSummary
CINEREGIE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-54k) and a net result of €-35k. Equity is shrinking by ~52.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.56 in 2024; short-term debt: 486.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-386.9%
Return on assets
-251.9%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-54k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
31 d late
2021
396 d late
2020
747 d late
2019
1112 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-54k▼ 187%
2024 · €-19k
2018: €129k
2019: €130k▲ +0.6% vs 2018highest in 8 years
2020: €101k▼ -22.5% vs 2019
2021: €54k▼ -46.6% vs 2020
2022: €19k▼ -64.0% vs 2021
2023: €-6k▼ -132% vs 2022
2024: €-19k▼ -206% vs 2023
2025: €-54k▼ -187% vs 2024lowest in 8 years
2018 → 2025
Total assets
€14k▼ 70.5%
2024 · €47k
2018: €175khighest in 8 years
2019: €140k▼ -19.7% vs 2018
2020: €118k▼ -16.2% vs 2019
2021: €125k▲ +6.2% vs 2020
2022: €148k▲ +18.7% vs 2021
2023: €57k▼ -61.8% vs 2022
2024: €47k▼ -17.0% vs 2023
2025: €14k▼ -70.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€-35k▼ 177%
2024 · €-13k
2018: €11khighest in 8 years
2019: €807▼ -92.9% vs 2018
2020: €-29k▼ -3725% vs 2019
2021: €-47k▼ -60.4% vs 2020lowest in 8 years
2022: €-34k▲ +26.7% vs 2021
2023: €-25k▲ +25.9% vs 2022
2024: €-13k▲ +50.6% vs 2023
2025: €-35k▼ -177% vs 2024
2018 → 2025
Working capital
€-54k▼ 86.8%
2024 · €-29k
2018: €87khighest in 8 years
2019: €85k▼ -3.0% vs 2018
2020: €72k▼ -14.9% vs 2019
2021: €4k▼ -94.9% vs 2020
2022: €-11k▼ -389% vs 2021
2023: €-24k▼ -126% vs 2022
2024: €-29k▼ -19.0% vs 2023
2025: €-54k▼ -86.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€19k▼ 64.0%€-6k€-19k▼ 206%€-54k▼ 187%
2021: €54khighest in 5 years
2022: €19k▼ -64.0% vs 2021
2023: €-6k▼ -132% vs 2022
2024: €-19k▼ -206% vs 2023
2025: €-54k▼ -187% vs 2024lowest in 5 years
Operating result€-47k-€-34k▲ 26.9%€-25k▲ 26.3%€-12k▲ 52.5%€-35k▼ 189%
2021: €-47klowest in 5 years
2022: €-34k▲ +26.9% vs 2021
2023: €-25k▲ +26.3% vs 2022
2024: €-12k▲ +52.5% vs 2023highest in 5 years
2025: €-35k▼ -189% vs 2024
Net result€-47k-€-34k▲ 26.7%€-25k▲ 25.9%€-13k▲ 50.6%€-35k▼ 177%
2021: €-47klowest in 5 years
2022: €-34k▲ +26.7% vs 2021
2023: €-25k▲ +25.9% vs 2022
2024: €-13k▲ +50.6% vs 2023highest in 5 years
2025: €-35k▼ -177% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2025 against €12k in 2024; the loss grows.
Key figures and ratios
Solvency
-386.9%▼
2024 · -39.8%
Current ratio
0.21▼
2024 · 0.56
Debt to equity
-1.26▲
2024 · -3.51
ROA
-251.9%▼
2024 · -26.8%
Debt
€67k▲
2024 · €66k
Debt ≤ 1 year
€67k▲
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€47k€14k▼
Fixed assets21/28€10k-
Tangible fixed assets22/27€10k-
Plant, machinery and equipment23€10k-
Current assets29/58€37k€14k▼
Amounts receivable within one year40/41€37k€14k▼
Trade receivables40€10k-
Other amounts receivable41€26k€14k▼
Cash at bank and in hand54/58€242-
Equity and liabilities
Total equity and liabilities10/49€47k€14k▼
Equity10/15€-19k€-54k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-84k€-119k▼
Amounts payable17/49€66k€67k▲
Amounts payable within one year42/48€66k€67k▲
Financial debts43-€57
Credit institutions430/8-€57
Trade debts44€10k€14k▲
Suppliers440/4€10k€14k▲
Taxes, remuneration and social security45-€14k
Taxes450/3-€14k
Other amounts payable47/48€56k€40k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k-
Other operating charges640/8€632€27k▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€-3k€2k▲
Operating profit (loss)9901€-12k€-35k▼
Financial charges65/66B€625€339▼
Recurring financial charges65€625€339▼
Profit (loss) for the period before taxes9903€-13k€-35k▼
Profit (loss) for the period9904€-13k€-35k▼
Profit (loss) for the period to be appropriated9905€-13k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-84k€-119k▼
Profit (loss) brought forward from the previous period14P€-71k€-84k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €20k | €12k | €8k | - | - |
| Other operating charges640/8 | €915 | €568 | €1k | €632 | €27k | ▲ 4,159% |
| Non-recurring operating charges66A | €8k | - | - | - | €10k | - |
| Gross operating margin9900 | €-19k | €-14k | €-12k | €-3k | €2k | ▲ 171% |
| Operating profit (loss)9901 | €-47k | €-34k | €-25k | €-12k | €-35k | ▼ 189% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €178 | €233 | €308 | €625 | €339 | ▼ 45.7% |
| Recurring financial charges65 | €178 | €233 | €308 | €625 | €339 | ▼ 45.7% |
| Profit (loss) for the period before taxes9903 | €-47k | €-34k | €-25k | €-13k | €-35k | ▼ 177% |
| Profit (loss) for the period9904 | €-47k | €-34k | €-25k | €-13k | €-35k | ▼ 177% |
| Transfer from tax-exempt reserves789 | €62k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €15k | €-34k | €-25k | €-13k | €-35k | ▼ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125k | €148k | €57k | €47k | €14k | ▼ 70.5% |
| Fixed assets21/28 | €50k | €30k | €18k | €10k | - | - |
| Tangible fixed assets22/27 | €50k | €30k | €18k | €10k | - | - |
| Plant, machinery and equipment23 | €50k | €30k | €18k | €10k | - | - |
| Current assets29/58 | €75k | €118k | €39k | €37k | €14k | ▼ 62.5% |
| Amounts receivable within one year40/41 | €74k | €92k | €39k | €37k | €14k | ▼ 62.3% |
| Trade receivables40 | €64k | €62k | €12k | €10k | - | - |
| Other amounts receivable41 | €10k | €30k | €27k | €26k | €14k | ▼ 47.5% |
| Cash at bank and in hand54/58 | €453 | €26k | €3 | €242 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125k | €148k | €57k | €47k | €14k | ▼ 70.5% |
| Equity10/15 | €54k | €19k | €-6k | €-19k | €-54k | ▼ 187% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-11k | €-46k | €-71k | €-84k | €-119k | ▼ 41.7% |
| Amounts payable17/49 | €71k | €129k | €63k | €66k | €67k | ▲ 2.7% |
| Amounts payable within one year42/48 | €71k | €129k | €63k | €66k | €67k | ▲ 2.7% |
| Financial debts43 | - | - | - | - | €57 | - |
| Credit institutions430/8 | - | - | - | - | €57 | - |
| Trade debts44 | €70k | €67k | €12k | €10k | €14k | ▲ 42.1% |
| Suppliers440/4 | €70k | €67k | €12k | €10k | €14k | ▲ 42.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €14k | - |
| Taxes450/3 | - | - | - | - | €14k | - |
| Other amounts payable47/48 | €699 | €62k | €51k | €56k | €40k | ▼ 28.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-47k | €-34k | €-25k | €-13k | €-35k | ▼ 177% |
| + Depreciation and write-downs630 | €19k | €20k | €12k | €8k | - | - |
| Operating cash flow (approximation) | €-28k | €-14k | €-13k | €-5k | €-35k | ▼ 662% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €26k | €-26k | €240 | - | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 396 days late
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 747 days late
17-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1112 days late
2021
30-09
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
2019
30-09
Financial
Liquidity triplescurrent ratio 9.12
Current ratio from 2.91 to 9.12; short-term debt falls from €46k to €10k.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 85 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Liège · 1 establishment unit since 2012
Ground area
1.3 ha
Building footprint
4,913 m²
Volume, LiDAR
40,305 m³
Parcel 62817B0418/00G002, Wallonia · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
CINEFINANCE
since 20122.215.791.586
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0418/00G002 | Wallonia | 1.3 ha | 1 · 4,913 m² | 16.3 m · 3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,277 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
Founded17-10-2012
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.