CINERGEC
ActiveCINERGEC has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €37k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 2036 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+6
Solvency57▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.46 in 2024; short-term debt: 45.9% and cash: 36.2% of total assets), but 68.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.6%
Return on assets
11%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
6 d early
2023
3 d early
2022
6 d early
2021
15 d late
2020
47 d early
2019
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€37k▲ 161%
2024 · €14k
2018: €-4k
2019: €6k
2020: €15k
2021: €21k
2022: €-2k
2023: €66
2024: €14k
2018 → 2025
Working capital
€173k▲ 134%
2024 · €74k
2018: €-14k
2019: €3k
2020: €25k
2021: €54k
2022: €47k
2023: €49k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€71k▼ 2.5%€71k▲ 0.1%€85k▲ 20.3%€108k▲ 26.3%
Operating result€33k-€2k▼ 92.6%€2k▼ 32.1%€23k▲ 1,286%€60k▲ 162%
Net result€21k-€-2k€66€14k▲ 21,789%€37k▲ 161%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 162% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340k
Fixed assets
€11k▼ 36.0%
Current assets
€329k▲ 40.7%
Equity and liabilities €340k
Equity
€108k▲ 26.3%
Provisions
€11k▲ 80.6%
Debt
€222k▲ 38.8%
The debt ratio rises from 63.7% to 65.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63k▲
2024 · €31k
Cash flow
€41k▲
2024 · €23k
Solvency
31.6%▼
2024 · 33.9%
Current ratio
2.11▲
2024 · 1.46
Quick ratio
2.10▲
2024 · 1.45
Debt / equity
2.06▲
2024 · 1.88
ROE
34.8%▲
2024 · 16.8%
ROA
11.0%▲
2024 · 5.7%
Interest coverage
19.51▲
2024 · 11.17
Debt
€222k▲
2024 · €160k
Debt ≤ 1 year
€156k▼
2024 · €160k
Income taxes
€20k▲
2024 · €6k
Staff costs
€365k▼
2024 · €395k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€251k€340k▲
Fixed assets21/28€17k€11k▼
Tangible fixed assets22/27€13k€7k▼
Land and buildings22€4k€4k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€3k€1k▼
Financial fixed assets28€4k€4k=
Current assets29/58€234k€329k▲
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€186k€197k▲
Trade receivables40€172k€181k▲
Other amounts receivable41€14k€15k▲
Cash at bank and in hand54/58€45k€123k▲
Deferred charges and accrued income490/1€1k€8k▲
Equity and liabilities
Total equity and liabilities10/49€251k€340k▲
Equity10/15€85k€108k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€40k€46k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€15k€21k▲
Profit (loss) carried forward14€-17k-
Provisions and deferred taxes16€6k€11k▲
Provisions for liabilities and charges160/5€6k€11k▲
Other liabilities and charges164/5€6k€11k▲
Amounts payable17/49€160k€222k▲
Amounts payable within one year42/48€160k€156k▼
Financial debts43€192€166▼
Credit institutions430/8€192€166▼
Trade debts44€108k€89k▼
Suppliers440/4€108k€89k▼
Taxes, remuneration and social security45€52k€54k▲
Taxes450/3€6k€11k▲
Remuneration and social security454/9€46k€43k▼
Other amounts payable47/48-€13k
Accrued charges and deferred income492/3-€66k
Income statement
Code20242025
Remuneration, social security and pensions62€395k€365k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€6k€5k▼
Other operating charges640/8€11k€5k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€444k€441k▼
Operating profit (loss)9901€23k€60k▲
Financial income75/76B€42€549▲
Recurring financial income75€42€549▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€20k€57k▲
Income taxes67/77€6k€20k▲
Profit (loss) for the period9904€14k€37k▲
Profit (loss) for the period to be appropriated9905€14k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€21k▲
Profit (loss) brought forward from the previous period14P€-31k€-17k▲
Transfer from equity791/2-€15k
Transfer to equity691/2-€21k
To other reserves6921-€21k
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
Social balance
Average headcount (FTE)90876.65.9▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €37k ▲161%
Operating result €60k, net result €37k, both a record.
31-12
Financial
Equity above €100kEq €108k ▲26.3%
3 profitable years in a row build equity to €108k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €66
Net result €66 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 15 days late
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2010
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-12-2010
Resigned as Director
Location & real-estate footprint
Registered office, Sambreville · 1 establishment unit since 1993
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.
Pré des Haz(TAM) 185060 SambrevilleGround area
3,025 m²
Building footprint
426 m²
Parcel 92121B0538/00Y000, Wallonia. Linked by address, not a title deed.
1 establishment unit
EUROLEC
since 19932.064.773.474
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92121B0538/00Y000 | Wallonia | 3,025 m² | 1 · 426 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SDB TECHNICS
BE 0820.799.053
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BE 0746.583.759
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GOEDBEHEERD
BE 0783.807.015
Grobbendonk · Eq €108k
Elektro De Meyer
BE 0775.477.089
Lier · Eq €108k
BERKOER
BE 0479.178.317
Wervik · Eq €108k
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,785 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-12-1993
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
27402Manufacture of electrical equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.