Cingulum
ActiveSummary
Cingulum has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,686 and a net result of -€81,314. Its solvency ranks better than 36% of 2,748 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Staff
- 5.8 FTE
- Equity
- €158,686
- Loss
- -€81,314
- Parent
- CRANIUM INTERNATIONAL HOLDING · 79.54%
Why 68raises risk1 change of registered office in 24 monthsLoss of €81,314 (financial year 2025)lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 1.32, cash €194,818Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 33% on solvency, 44% on liquidity and 11% on profitability.
The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered officeRegistered-office move · Director in…
Financials · financial year 2025, abbreviated format
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 1,207 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €380,626 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,540 |
| Other operating charges640/8 | €787 |
| Gross operating margin9900 | €312,233 |
| Operating profit (loss)9901 | -€79,720 |
| Financial income75/76B | €98 |
| Recurring financial income75 | €98 |
| Financial charges65/66B | €870 |
| Recurring financial charges65 | €870 |
| Profit (loss) for the period before taxes9903 | -€80,492 |
| Income taxes67/77 | €822 |
| Profit (loss) for the period9904 | -€81,314 |
| Profit (loss) for the period to be appropriated9905 | -€81,314 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €600,191 | |
| Fixed assets21/28 | €34,427 | |
| Intangible fixed assets21 | €28,339 | |
| Financial fixed assets28 | €6,088 | |
| Current assets29/58 | €565,764 | |
| Amounts receivable within one year40/41 | €347,821 | |
| Trade receivables40 | €345,777 | |
| Other amounts receivable41 | €2,045 | |
| Cash at bank and in hand54/58 | €194,818 | |
| Deferred charges and accrued income490/1 | €23,124 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €600,191 | |
| Equity10/15 | €158,686 | |
| Contributions10/11 | €240,000 | |
| Profit (loss) carried forward14 | -€81,314 | |
| Amounts payable17/49 | €441,505 | |
| Amounts payable within one year42/48 | €429,181 | |
| Trade debts44 | €344,997 | |
| Suppliers440/4 | €344,997 | |
| Taxes, remuneration and social security45 | €84,044 | |
| Taxes450/3 | €9,828 | |
| Remuneration and social security454/9 | €74,216 | |
| Other amounts payable47/48 | €140 | |
| Accrued charges and deferred income492/3 | €12,323 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€81,314 |
| + Depreciation and write-downs630 | €10,540 |
| Operating cash flow (approximation) | -€70,774 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €539 awarded · €539 paidPublic contracts: not fully processed yet. The notices from February 2017 to September 2026 are still being read.
Directors
Owners and capital
Owners
1 ownerChain of control
- CRANIUM INTERNATIONAL HOLDING
- Cingulum
Highest known parent: CRANIUM INTERNATIONAL HOLDING. The sources do not say who stands above it.
Owners 1
-
79.54%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
No directors read yet: 1 of 3 Gazette acts processed.
History
Acts, filings and financial milestones
03-10
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, 09-06-2025
- Registered-office move, Excelsiorlaan 43/3 te 1930 Zaventem
- Director in office, Anne Jansen (director)
About the unread acts
Of the 3 Belgian Official Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 9 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23094D0050/00D002 | Flanders | 3,188 m² | 1 · 1,004 m² | - |