CINIONIC
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-04-2024, 96 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2023
96 d early
2022
82 d early
2021
82 d early
2020
74 d early
2019
79 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€115.17M▲ 40.2%
2022 · €82.16M
2019: €83.82M
2020: €39.03M
2021: €44.98M
2022: €82.16M
2019 → 2023
EBIT margin
3.8%▼ 4.5pp
2022 · 8.3%
2019: 0.3%
2020: -1.2%
2021: 4.9%
2022: 8.3%
2019 → 2023
Net result
€7.37M▲ 39.6%
2022 · €5.28M
2019: €527
2020: €-836k
2021: €2.83M
2022: €5.28M
2019 → 2023
Working capital
€36.92M▲ 25.6%
2022 · €29.39M
2019: €23.39M
2020: €23.14M
2021: €23.92M
2022: €29.39M
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€83.82M-€39.03M▼ 53.4%€44.98M▲ 15.3%€82.16M▲ 82.7%€115.17M▲ 40.2%
Equity€25.02M-€24.18M▼ 3.3%€27.01M▲ 11.7%€32.29M▲ 19.6%€39.66M▲ 22.8%
Operating result€238k-€-481k€2.22M€6.80M▲ 207%€4.33M▼ 36.4%
Net result€527-€-836k€2.83M€5.28M▲ 86.9%€7.37M▲ 39.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 36% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €68.39M
Fixed assets
€2.74M ▼ 5.3%
Current assets
€65.65M ▲ 1.7%
Equity and liabilities €68.39M
Equity
€39.66M ▲ 22.8%
Debt
€28.73M ▼ 18.2%
Debt's share of the balance-sheet total falls from 52.1% to 42.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.64M▼
2022 · €7.18M
Cash flow
€7.69M▲
2022 · €5.66M
Current ratio
2.29▲
2022 · 1.84
Quick ratio
2.21▲
2022 · 1.72
Debt to equity
0.72▼
2022 · 1.09
ROE
18.6%▲
2022 · 16.4%
ROA
10.8%▲
2022 · 7.8%
Interest coverage
4.03▼
2022 · 139.31
Debt ≤ 1 year
€28.73M▼
2022 · €35.13M
Income taxes
€1.24M▼
2022 · €1.89M
Staff costs
€8.30M▲
2022 · €6.46M
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 · 2023 against 2022 · 71 lines
Balance sheet
Code20222023
Assets
Total assets20/58€67.42M€68.39M▲
Fixed assets21/28€2.89M€2.74M▼
Intangible fixed assets21€505k€255k▼
Tangible fixed assets22/27€110k€207k▲
Plant, machinery and equipment23€65k€49k▼
Furniture and vehicles24€45k€158k▲
Financial fixed assets28€2.28M€2.28M=
Affiliated companies280/1€2.26M€2.25M=
Participating interests280€2.26M€2.25M=
Other financial fixed assets284/8€24k€24k=
Amounts receivable and cash guarantees285/8€24k€24k=
Current assets29/58€64.52M€65.65M▲
Stocks and contracts in progress3€4.24M€2.12M▼
Stocks30/36€3.48M€1.98M▼
Work in progress32€231k€99k▼
Finished goods33€3.25M€1.88M▼
Contracts in progress37€766k€137k▼
Amounts receivable within one year40/41€59.92M€63.33M▲
Trade receivables40€23.70M€24.24M▲
Other amounts receivable41€36.23M€39.10M▲
Cash at bank and in hand54/58€2k€0▼
Deferred charges and accrued income490/1€356k€199k▼
Equity and liabilities
Total equity and liabilities10/49€67.42M€68.39M▲
Equity10/15€32.29M€39.66M▲
Contributions10/11€25.02M€25.02M=
Reserves13€2.11M€2.11M=
Tax-exempt reserves132€2.11M€2.11M=
Distributable reserves133€527€527=
Profit (loss) carried forward14€5.16M€12.54M▲
Amounts payable17/49€35.13M€28.73M▼
Amounts payable within one year42/48€35.13M€28.73M▼
Trade debts44€19.36M€8.72M▼
Suppliers440/4€19.36M€8.72M▼
Advances received on contracts in progress46€13.64M€17.43M▲
Taxes, remuneration and social security45€1.88M€2.58M▲
Taxes450/3€287k€352k▲
Remuneration and social security454/9€1.59M€2.22M▲
Other amounts payable47/48€250k-
Income statement
Code20222023
Operating income70/76A€91.32M€124.32M▲
Turnover70€82.16M€115.17M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.02M€174k▼
Other operating income74€8.14M€8.98M▲
Operating charges60/66A€84.52M€120.00M▲
Goods for resale, raw materials and consumables60€62.06M€82.73M▲
Purchases600/8€62.06M€82.73M▲
Services and other goods61€14.69M€27.22M▲
Remuneration, social security and pensions62€6.46M€8.30M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€378k€314k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€588k€965k▲
Other operating charges640/8€333k€459k▲
Non-recurring operating charges66A-€4k
Operating profit (loss)9901€6.80M€4.33M▼
Financial income75/76B€2.35M€7.25M▲
Recurring financial income75€2.35M€3.75M▲
Income from financial fixed assets750€227k€2.39M▲
Other financial income752/9€2.12M€1.36M▼
Non-recurring financial income76B-€3.50M
Financial charges65/66B€1.99M€2.96M▲
Recurring financial charges65€1.99M€2.96M▲
Debt charges650€52k€1.15M▲
Other financial charges652/9€1.93M€1.81M▼
Profit (loss) for the period before taxes9903€7.17M€8.61M▲
Transfer to deferred taxes680€0-
Income taxes67/77€1.89M€1.24M▼
Taxes670/3€1.89M€1.24M▼
Profit (loss) for the period9904€5.28M€7.37M▲
Transfer to tax-exempt reserves689€1.05M€0▼
Profit (loss) for the period to be appropriated9905€4.23M€7.37M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.16M€12.54M▲
Profit (loss) brought forward from the previous period14P€936k€5.16M▲
Social balance
Average headcount (FTE)908736.743.6▲
The notes to these accounts (54 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
13-03
State Gazette act
General meeting · Merger
Accounting effect · Power of attorney · Christian Van Belle
2023
31-12
Financial
Highest result since 2019net €7.37M ▲39.6%
Net result €7.37M, the highest in the series.
04-12
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €2.83M
Net result €2.83M after one loss-making year.
31-12
Financial
Equity above €25MEq €27.01M ▲11.7%
Equity rises from €24.18M to €27.01M.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-836k
Net result drops to €-836k, the lowest in the series.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-12
State Gazette act
Demerger · Accounting effect
Frederik VLAMINCK
26-03
State Gazette act
Board meeting · Corporate purpose
Permanent representative · Power of attorney
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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We know of 14 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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