CINEVISION
ActiveSummary
CINEVISION has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95,856 and a net result of €16,255. Equity is shrinking by ~12.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67▲+56
Solvency62▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 6.87 against 27.19 in 2023; short-term debt: 9% and cash: 13.4% of total assets), but 62.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2024Solvency, return and age of the figures
Solvency
37.4%
Return on assets
6.3%
Age of the figures
21 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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
6 d late
2023
29 d late
2022
59 d late
2021
25 d late
2020
31 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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, micro schema
Equity
€95,856▲ 20.4%
2023 · €79,601
Total assets
€256,155▲ 16.0%
2023 · €220,884
Net result
€16,255
2023 · -€37,133
Working capital
€135,215▲ 28.0%
2023 · €105,658
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€12,797-€30,062▼ 135%-€23,608▲ 21.5%-€31,174▼ 32.0%€23,973
Net result-€12,338below the sector's middle half-€32,575below the sector's middle half▼ 164%-€25,776below the sector's middle half▲ 20.9%-€37,133below the sector's middle half▼ 44.1%€16,255within the sector's middle half
Equity€175,086within the sector's middle half▼ 6.6%€142,510within the sector's middle half▼ 18.6%€116,734within the sector's middle half▼ 18.1%€79,601within the sector's middle half▼ 31.8%€95,856within the sector's middle half▲ 20.4%
Total assets€317,941within the sector's middle half▼ 3.7%€280,181within the sector's middle half▼ 11.9%€264,042within the sector's middle half▼ 5.8%€220,884within the sector's middle half▼ 16.3%€256,155within the sector's middle half▲ 16.0%
Debt€142,856▲ 2.2%€137,670▼ 3.6%€147,308▲ 7.0%€141,283▼ 4.1%€160,299▲ 13.5%
Working capital€95,210within the sector's middle half▲ 43.9%€83,080within the sector's middle half▼ 12.7%€103,335within the sector's middle half▲ 24.4%€105,658within the sector's middle half▲ 2.2%€135,215above the sector's middle half▲ 28.0%
Solvency55.1%within the sector's middle half▼ 1.7pp50.9%within the sector's middle half▼ 4.2pp44.2%within the sector's middle half▼ 6.7pp36.0%within the sector's middle half▼ 8.2pp37.4%within the sector's middle half▲ 1.4pp
Current ratio9.00above the sector's middle half▲ 0.5513.36above the sector's middle half▲ 4.3611.10above the sector's middle half▼ 2.2727.19above the sector's middle half▲ 16.106.87above the sector's middle half▼ 20.33
Return on assets (ROA)-3.9%below the sector's middle half▼ 24.5pp-11.6%below the sector's middle half▼ 7.7pp-9.8%below the sector's middle half▲ 1.9pp-16.8%below the sector's middle half▼ 7.0pp6.3%within the sector's middle half▲ 23.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €23,973 after a loss of €31,174 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €256,155
Fixed assets
€97,890 ▼ 12.0%
Current assets
€158,265 ▲ 44.3%
Equity and liabilities €256,155
Equity
€95,856 ▲ 20.4%
Debt
€160,299 ▲ 13.5%
Debt's share of the balance-sheet total falls from 64.0% to 62.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,276▲
2023 · €8,105
Cash flow
€29,557▲
2023 · €2,146
Debt to equity
1.67▼
2023 · 1.77
ROE
17.0%▲
2023 · -46.6%
Interest coverage
4.83▲
2023 · 1.34
Debt ≤ 1 year
€23,050▲
2023 · €4,034
Debt > 1 year
€130,949=
2023 · €130,949
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,342 | €40,471 | €39,908 | €39,279 | €13,303 | ▼ 66.1% |
| Other operating charges640/8 | - | €4,609 | €5,840 | €5,649 | €100 | ▼ 98.2% |
| Gross operating margin9900 | €36,169 | €15,018 | €22,140 | €13,754 | €37,376 | ▲ 172% |
| Operating profit (loss)9901 | -€12,797 | -€30,062 | -€23,608 | -€31,174 | €23,973 | ▲ 177% |
| Financial income75/76B | - | - | - | €75 | - | - |
| Recurring financial income75 | - | - | - | €75 | - | - |
| Financial charges65/66B | - | €2,514 | €2,168 | €6,034 | €7,719 | ▲ 27.9% |
| Recurring financial charges65 | €2,523 | €2,514 | €2,168 | €6,034 | €7,719 | ▲ 27.9% |
| Profit (loss) for the period before taxes9903 | -€15,320 | -€32,575 | -€25,776 | -€37,133 | €16,255 | ▲ 144% |
| Profit (loss) for the period9904 | -€12,338 | -€32,575 | -€25,776 | -€37,133 | €16,255 | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | -€7,643 | -€32,575 | -€25,776 | -€37,133 | €16,255 | ▲ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €317,941 | €280,181 | €264,042 | €220,884 | €256,155 | ▲ 16.0% |
| Fixed assets21/28 | €210,825 | €190,379 | €150,472 | €111,192 | €97,890 | ▼ 12.0% |
| Intangible fixed assets21 | €69,726 | €46,484 | €23,242 | - | - | - |
| Tangible fixed assets22/27 | €139,568 | €142,364 | €125,699 | €109,662 | €96,359 | ▼ 12.1% |
| Land and buildings22 | - | €142,364 | €125,699 | - | - | - |
| Furniture and vehicles24 | - | - | - | €25,130 | €20,008 | ▼ 20.4% |
| Other tangible fixed assets26 | - | - | - | €84,532 | €76,351 | ▼ 9.7% |
| Financial fixed assets28 | €1,531 | €1,531 | €1,531 | €1,531 | €1,531 | = |
| Current assets29/58 | €107,117 | €89,801 | €113,570 | €109,692 | €158,265 | ▲ 44.3% |
| Amounts receivable within one year40/41 | €50,970 | €63,150 | €91,339 | €76,003 | €123,930 | ▲ 63.1% |
| Trade receivables40 | - | €63,150 | €91,339 | €76,003 | €123,930 | ▲ 63.1% |
| Cash at bank and in hand54/58 | €56,147 | €26,651 | €22,231 | €33,688 | €34,335 | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €317,941 | €280,181 | €264,042 | €220,884 | €256,155 | ▲ 16.0% |
| Equity10/15 | €175,086 | €142,510 | €116,734 | €79,601 | €95,856 | ▲ 20.4% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | - | €125,000 | €125,000 | €125,000 | - | - |
| Issued capital100 | - | €125,000 | €125,000 | €125,000 | - | - |
| Outside capital11 | - | - | - | - | €125,000 | - |
| Other1109/19 | - | - | - | - | €125,000 | - |
| Revaluation surpluses12 | - | €272,683 | €272,683 | €272,683 | €272,683 | = |
| Reserves13 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Non-distributable reserves130/1 | - | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Legal reserve130 | - | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Profit (loss) carried forward14 | -€225,076 | -€257,651 | -€283,428 | -€320,561 | -€304,306 | ▲ 5.1% |
| Amounts payable17/49 | €142,856 | €137,670 | €147,308 | €141,283 | €160,299 | ▲ 13.5% |
| Amounts payable after more than one year17 | €130,949 | €130,949 | €130,949 | €130,949 | €130,949 | = |
| Financial debts170/4 | - | €130,949 | €130,949 | - | €125,000 | - |
| Advances received on contracts in progress176 | - | - | - | €125,000 | - | - |
| Other amounts payable178/9 | - | - | - | €5,949 | €5,949 | = |
| Amounts payable within one year42/48 | €11,907 | €6,721 | €10,236 | €4,034 | €23,050 | ▲ 471% |
| Trade debts44 | €11,907 | €6,721 | €10,236 | €4,034 | €23,050 | ▲ 471% |
| Suppliers440/4 | - | €6,721 | €10,236 | €4,034 | €23,050 | ▲ 471% |
| Accrued charges and deferred income492/3 | - | - | €6,123 | €6,300 | €6,300 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,338 | -€32,575 | -€25,776 | -€37,133 | €16,255 | ▲ 144% |
| + Depreciation and write-downs630 | €44,342 | €40,471 | €39,908 | €39,279 | €13,303 | ▼ 66.1% |
| Operating cash flow (approximation) | €32,004 | €7,896 | €14,132 | €2,146 | €29,557 | ▲ 1,277% |
| Investment in fixed assets (approximation) | - | -€20,026 | €0 | €0 | €0 | - |
| Change in cash | - | -€29,495 | -€4,421 | €11,457 | €647 | ▼ 94.4% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Back to profitnet €16,255
Net result €16,255 after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 27.19
Current ratio from 11.10 to 27.19; short-term debt falls from €10,236 to €4,034.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €68,163
Net result €68,163 after one loss-making year.
31-12
Financial
Liquidity times 30current ratio 8.45
Current ratio from 0.28 to 8.45; short-term debt falls from €174,694 to €8,881.
31-12
Financial
Equity above €150,000Eq €187,424 ▲57.2%
Equity rises from €119,260 to €187,424.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Elsene · 1 establishment unit since 1968
Ground area
621 m²
Building footprint
371 m²
Volume, LiDAR
10,471 m³
Parcel 21444B0059/00E005, Brussels · tallest building 33.4 m, ±10 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Generaal de Gaullelaan 36, 1050 Elsene
since 19682.037.424.424
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0059/00E005 ProtectedMonumentArt-nouveaudubbelhuis |
Brussels | 621 m² | 1 · 371 m² | 33.4 m · 10 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
Colvast
BE 0799.756.684
Sint-Truiden · Eq €95,895
BOUDEWIJN PROJECTEN
BE 0756.758.663
Antwerpen · Eq €95,999
IMACORP
BE 0779.497.344
Modave · Eq €96,026
EGP IMMO
BE 0758.906.026
Gent · Eq €96,035
IMMO LEFÉVÈRE
BE 0450.421.775
Ham-sur-Heure-Nalinnes · Eq €95,660
Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,678 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
Founded10-07-1968
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
77400Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405937179
Also
9925:BE0405937179
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.