CINICO
ActiveSummary
CINICO has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,498 and a net result of -€13,724. Equity is growing by about 15% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €134,498
- Loss
- -€13,724
- Parent
- DOMUS G · 100%
- Goethals FrédéricDirector
- Goethals LucDirector
Why 86raises riskLiquidity: current ratio 0.62, cash €4,306, halvedEquity €134,498 (11.9% of total assets)lowers riskSize: total assets €1.1mFigures for financial year 2025 (filed 10-03-2026)Show the evidence
Checked score
About 2 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 (no NACE code, micro): better than 23% on solvency, 32% on liquidity, 34% on profitability and 25% on growth.
The bankruptcy probability was computed on 29-10-2026 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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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignation: Guido Redant (director)Appointments: Goethals Frédéric (director) and…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 31% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
- 2024 Total assets -64% on 2023. Capital reduction of €1,760,000 (Official Gazette 06-02-2024).
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96.4% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 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% | 0.9% |
| 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 74.5% 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 2,507 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €152,984 | €158,953 | €158,953 | €158,953 | €158,953 | €150,000 | €150,000 | = |
| Other operating charges640/8 | - | - | - | €17,863 | €29,986 | €18,735 | €20,633 | ▲ 10.1% |
| Gross operating margin9900 | €173,244 | €166,483 | €156,636 | €192,458 | €194,737 | €223,596 | €208,271 | ▼ 6.9% |
| Operating profit (loss)9901 | €7,189 | -€8,032 | -€19,728 | €15,642 | €5,798 | €54,861 | €37,638 | ▼ 31.4% |
| Financial income75/76B | - | - | - | €81,694 | €55,871 | €1,340 | - | - |
| Recurring financial income75 | €36,248 | €22,899 | €79,991 | €81,694 | €55,871 | €1,340 | - | - |
| Financial charges65/66B | - | - | - | €37,888 | €49,598 | €41,200 | €53,380 | ▲ 29.6% |
| Recurring financial charges65 | €43,987 | €41,818 | €41,485 | €37,888 | €49,598 | €41,200 | €53,380 | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | -€550 | -€26,950 | €18,777 | €59,449 | €12,071 | €15,001 | -€15,742 | - |
| Transfer from deferred taxes780 | - | - | - | €2,203 | €2,203 | €2,203 | €2,203 | = |
| Income taxes67/77 | - | - | - | - | - | €5,815 | €185 | ▼ 96.8% |
| Profit (loss) for the period9904 | €1,653 | -€24,747 | €20,980 | €61,652 | €14,274 | €11,389 | -€13,724 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €4,276 | €4,276 | €4,276 | €4,276 | = |
| Profit (loss) for the period to be appropriated9905 | €5,929 | -€20,471 | €25,256 | €65,928 | €18,550 | €15,665 | -€9,448 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.0m | €3.6m | €3.9m | €3.9m | €3.6m | €1.3m | €1.1m | ▼ 12.9% |
| Fixed assets21/28 | €2.0m | €1.8m | €1.7m | €1.5m | €3.2m | €1.2m | €1.1m | ▼ 12.5% |
| Tangible fixed assets22/27 | €2.0m | €1.8m | €1.7m | €1.5m | €1.4m | €1.2m | €1.1m | ▼ 12.5% |
| Land and buildings22 | - | - | - | €1.5m | €1.4m | €1.2m | €1.1m | ▼ 12.5% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.006m | - | - | - |
| Financial fixed assets28 | - | - | - | - | €1.8m | - | - | - |
| Current assets29/58 | €2.0m | €1.7m | €2.2m | €2.4m | €0.4m | €0.1m | €0.08m | ▼ 17.3% |
| Amounts receivable within one year40/41 | €2.0m | €1.7m | €2.2m | €2.3m | €0.4m | €0.08m | €0.08m | ▼ 4.0% |
| Trade receivables40 | - | - | - | - | €0.2m | - | - | - |
| Other amounts receivable41 | - | - | - | €2.3m | €0.1m | €0.08m | €0.08m | ▼ 4.0% |
| Cash at bank and in hand54/58 | €0.01m | €0.03m | €0.004m | €0.01m | €0.07m | €0.02m | €0.004m | ▼ 76.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.0m | €3.6m | €3.9m | €3.9m | €3.6m | €1.3m | €1.1m | ▼ 12.9% |
| Equity10/15 | €0.06m | €0.04m | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 9.3% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 10.0% |
| Capital10 | - | - | - | €0.02m | €0.02m | - | - | - |
| Issued capital100 | - | - | - | €0.02m | €0.02m | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €0.02m | €0.02m | ▲ 10.0% |
| Share premium1100/10 | - | - | - | - | - | - | €0.02m | - |
| Other1109/19 | - | - | - | - | - | €0.02m | - | - |
| Reserves13 | €0.05m | €0.05m | €0.04m | €0.04m | €0.04m | €0.05m | €0.04m | ▼ 12.9% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 28.7% |
| Distributable reserves133 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.007m | -€0.03m | -€0.002m | €0.06m | €0.08m | €0.08m | €0.07m | ▼ 11.5% |
| Provisions and deferred taxes16 | €0.02m | €0.02m | €0.01m | €0.01m | €0.007m | €0.005m | €0.002m | ▼ 48.6% |
| Deferred taxes168 | - | - | - | €0.01m | €0.007m | €0.005m | €0.002m | ▼ 48.6% |
| Amounts payable17/49 | €3.9m | €3.5m | €3.8m | €3.7m | €3.5m | €1.1m | €1.0m | ▼ 13.2% |
| Amounts payable after more than one year17 | €1.4m | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 10.7% |
| Financial debts170/4 | - | - | - | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 10.7% |
| Amounts payable within one year42/48 | €2.5m | €2.1m | €2.5m | €2.6m | €2.4m | €0.2m | €0.1m | ▼ 26.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 4.0% |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.7m | €0.2m | - | €0.02m | - |
| Suppliers440/4 | - | - | - | €0.7m | €0.2m | - | €0.02m | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.04m | €0.006m | - | - |
| Taxes450/3 | - | - | - | - | €0.04m | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | - | €0.006m | - | - |
| Other amounts payable47/48 | - | - | - | €1.8m | €2.0m | €0.07m | €0.005m | ▼ 92.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.002m | -€0.02m | €0.02m | €0.06m | €0.01m | €0.01m | -€0.01m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Operating cash flow (approximation) | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 15.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1.8m | €1.8m | €0 | ▼ 100% |
| Change in cash | - | €0.01m | -€0.02m | €0.01m | €0.06m | -€0.05m | -€0.01m | ▲ 73.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 10-03-2026 | 2026-00051519 |
| 30-09-2024 | abbreviated format | 24-03-2025 | 2025-00052490 |
| 30-09-2023 | abbreviated format | 22-04-2024 | 2024-00065856 |
| 30-09-2022 | abbreviated format | 14-03-2023 | 2023-00039066 |
| 30-09-2021 | abbreviated format | 30-03-2022 | 2022-09200577 |
| 30-09-2020 | abbreviated format | 06-04-2021 | 2021-09700023 |
| 30-09-2019 | micro format | 27-04-2020 | 2020-09900331 |
| 30-09-2018 | micro format | 19-04-2019 | 2019-10300129 |
| 30-09-2017 | abbreviated format | 23-04-2018 | 2018-10300350 |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-07600149 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Goethals Frédéric |
|
| Goethals Luc |
|
| Guido Redant |
|
Owners and capital
Owners
1 ownerChain of control
- TERRA INVESTMENTS
- DOMUS G
- CINICO
Highest known parent: TERRA INVESTMENTS. The sources do not say who stands above it.
Owners 1
- DOMUS GparentSourceaccounts DOMUS G 2025100%
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.
Capital and shareholders
- 06-02-2024 Capital reduction of €1,760,000 · repaid to the shareholders
- 22-08-2023 Capital stated in the deed · 1,000 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-07
Gazette deed
Resignation: Guido Redant (director)Appointments: Goethals Frédéric (director) and Goethals Luc (director) · Registered-office move5 facts ▸
- General meeting, 05-03-2024
- Director resignation, Guido Redant (director)
- Director appointment, Goethals Frédéric (director)
- Director appointment, Goethals Luc (director)
- Registered-office move, Nijverheidslaan 76 te 9250 Waasmunster
06-02
Gazette deed
MiscellaneousCapital decrease · Power of attorney2 facts ▸
- Capital decrease, €1,760,000
- Power of attorney
24-08
Gazette deed
Amendment of the articles · MiscellaneousCapital contribution4 facts ▸
- Other provision, “individueel en bijgevolg met eenparigheid, aandeelhouder” (deed in Dutch)
- Capital contribution, €880,000 (2 times)
- Other provision, “vergoeding inbreng, aanrekening op bestaande aandelen” (deed in Dutch)
- Other provision, “individueel, afstand voorkeurrecht” (deed in Dutch)
22-08
Gazette deed
Resignation: Redant Guido (manager)Appointment: Redant Guido (director) · Capital contribution · Amendment of the articles13 facts ▸
- Other provision, “individueel en bijgevolg met eenparigheid, aandeelhouder” (deed in Dutch)
- Capital contribution, €880,000
- Other provision, “individuele afstand voorkeurrecht, slechts één aandeelhouder waarvoor afstand niet van toepassing is” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “artikel 39,§2,tweede lid wet 2019-03-23” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Director resignation, Redant Guido (manager)
- Other provision, “algemene vergadering zal op volgende jaarvergadering beslissen over kwijting voor uitoefening mandaat, kwijting aan ontslagnemende zaakvoerder” (deed in Dutch)
- Board rule, 1, “algemene vergadering” (deed in Dutch)
- Director appointment, Redant Guido (director (not named in the articles))
- Registered office clause, “1980 Zemst,Hoge Buizen 11” (deed in Dutch)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 4 have been read. The other one has 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 29 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
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42023B0768/00P000 | Flanders | 3,608 m² | 1 · 308 m² | 9.7 m · 2 |
| 23020D0342/00G000 | Flanders | 2,938 m² | 1 · 1,559 m² | 7.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het onderhouden van tuinen en hovingen; Het beheer van goederen (roerende en onroerende),aan en verkoop van onroerende goederen en het huren…” (deed in Dutch)
5 activities (deed in Dutch)
- Het onderhouden van tuinen en hovingen.
- Het beheer van goederen (roerende en onroerende),aan en verkoop van onroerende goederen en het huren en verhuren ervan.
- Het optreden als tussenpersoon in roerende en onroerende transacties.
- Het optreden als promotor met betrekking tot het bouwen en verbouwen van onroerende goederen.
- De aan- en verkoop,de in- en uitvoer,het herstellen en bewerken van a) rubberbanden voor voertuigen van alle aard,b) binnenbanden,c) alle toebehoren welke betrekking hebben op a) en b) hiervoor,d) alle onderdelen van autovoertuigen,alsook het optreden als tussenpersoon in bovenstaande zaken en dit zowel in het binnenland en in het buitenland.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CINICO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur opdracht en bij meerdere bevoegdheid, met of zonder beperking van duur” (deed in Dutch)“Vergoeding van de bestuurders, al dan niet ten kosteloze titel” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Indien het mandaat van de bestuurder bezoldigd is, dan bepaalt de algemene vergadering, beslissend met absolute meerderheid van stemmen, of…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd, netto actief onder alle aandeelhouders naar verhouding…” (deed in Dutch)