CINIONIC
Annual accounts 2023
full format, filed on 26-04-2024, 96 days before the deadlineMoney flows
of every €100 of turnover, €6.40 remains as profit in 2023Balance sheet
balance sheet total €68.4m on 31-12-2023in €m
in €m
Staff
Men and women42% women
25.3 men and 18.3 women in full-time equivalents in 2023.
€190,437
Men €223,515, women €133,920 per full-time equivalent. Jobs differ, so this is not a pay gap.
+11 people
In 2023, 16 people joined and 5 left. Training hours in 2023: 2,937. Agency workers: 0.7 on average.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
68.4m | 67.4m | 49.6m | 41.9m | 46.3m | |
21/28 |
2.7m | 2.9m | 3.1m | 1.4m | 1.6m | |
21 |
254,719 | 504,593 | 763,786 | 1.1m | 1.3m | |
22/27 |
206,768 | 110,339 | 41,972 | 34,533 | 28,650 | |
23 |
48,518 | 64,855 | 15,763 | 9,316 | 13,456 | |
24 |
158,250 | 45,484 | 26,209 | 25,217 | 15,194 | |
28 |
2.3m | 2.3m | 2.3m | 322,192 | 322,192 | |
280/1 |
2.3m | 2.3m | 2.3m | 297,834 | 297,834 | |
280 |
2.3m | 2.3m | 2.3m | 297,834 | 297,834 | |
284/8 |
24,358 | 24,358 | 24,358 | 24,358 | 24,358 | |
285/8 |
24,358 | 24,358 | 24,358 | 24,358 | 24,358 | |
29/58 |
65.6m | 64.5m | 46.5m | 40.5m | 44.6m | |
3 |
2.1m | 4.2m | 3.5m | 3.5m | 3.0m | |
30/36 |
2.0m | 3.5m | 2.2m | 3.1m | 2.9m | |
32 |
98,832 | 230,626 | 73,058 | 1.2m | 617,033 | |
33 |
1.9m | 3.2m | 2.1m | 1.9m | 2.2m | |
37 |
137,388 | 765,579 | 1.3m | 346,093 | 138,174 | |
40/41 |
63.3m | 59.9m | 41.2m | 36.9m | 41.6m | |
40 |
24.2m | 23.7m | 10.6m | 11.0m | 17.0m | |
41 |
39.1m | 36.2m | 30.5m | 25.9m | 24.6m | |
54/58 |
0 | 1,996 | 1,988 | 12,079 | 18,499 | |
490/1 |
198,786 | 356,010 | 1.8m | 137,707 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
68.4m | 67.4m | 49.6m | 41.9m | 46.3m | |
10/15 |
39.7m | 32.3m | 27.0m | 24.2m | 25.0m | |
10/11 |
25.0m | 25.0m | 25.0m | 25.0m | 25.0m | |
10 |
- | - | 25.0m | - | - | |
100 |
- | - | 25.0m | 25.0m | 25.0m | |
13 |
2.1m | 2.1m | 1.1m | 527 | 527 | |
130/1 |
- | - | 527 | 527 | - | |
130 |
- | - | 527 | 527 | 527 | |
132 |
2.1m | 2.1m | 1.1m | - | - | |
133 |
527 | 527 | - | - | - | |
14 |
12.5m | 5.2m | 936,408 | -836,198 | - | |
17/49 |
28.7m | 35.1m | 22.6m | 17.7m | 21.2m | |
42/48 |
28.7m | 35.1m | 22.6m | 17.3m | 21.2m | |
44 |
8.7m | 19.4m | 9.3m | 6.8m | 10.8m | |
440/4 |
8.7m | 19.4m | 9.3m | 6.8m | 10.8m | |
46 |
17.4m | 13.6m | 11.4m | 9.6m | 9.0m | |
45 |
2.6m | 1.9m | 1.6m | 964,715 | 1.4m | |
450/3 |
351,537 | 287,400 | 240,209 | 233,089 | 249,522 | |
454/9 |
2.2m | 1.6m | 1.4m | 731,626 | 1.2m | |
47/48 |
- | 250,000 | 264,662 | - | - | |
492/3 |
- | - | - | 400,048 | 16,217 | |
| Income statement | ||||||
70/76A |
124.3m | 91.3m | 53.1m | 50.6m | 108.2m | |
70 |
115.2m | 82.2m | 45.0m | 39.0m | 83.8m | |
71 |
174,322 | 1.0m | 993,283 | 944,465 | 3.5m | |
74 |
9.0m | 8.1m | 7.2m | - | - | |
60/66A |
120.0m | 84.5m | 50.9m | 51.1m | 107.9m | |
60 |
82.7m | 62.1m | 34.8m | 35.4m | 85.9m | |
600/8 |
82.7m | 62.1m | 34.8m | 35.4m | 85.9m | |
61 |
27.2m | 14.7m | 8.8m | 8.6m | 14.2m | |
62 |
8.3m | 6.5m | 5.8m | 5.7m | 7.0m | |
630 |
314,431 | 378,232 | 362,730 | 347,232 | 320,349 | |
631/4 |
965,218 | 587,730 | 850,577 | 1.0m | 452,176 | |
640/8 |
458,757 | 333,484 | 280,478 | 100,457 | 100,107 | |
66A |
3,861 | - | - | - | - | |
9901 |
4.3m | 6.8m | 2.2m | -480,917 | 238,414 | |
75/76B |
7.2m | 2.4m | 1.7m | 1.8m | 311,159 | |
75 |
3.7m | 2.4m | 1.7m | 1.8m | 311,159 | |
750 |
2.4m | 227,190 | 89,328 | 223,560 | 13,498 | |
752/9 |
1.4m | 2.1m | 1.6m | 1.6m | 297,662 | |
76B |
3.5m | - | - | - | - | |
65/66B |
3.0m | 2.0m | 337,855 | 2.2m | 481,329 | |
65 |
3.0m | 2.0m | 337,855 | 2.2m | 481,329 | |
650 |
1.2m | 51,555 | 1,243 | 19 | 3,352 | |
652/9 |
1.8m | 1.9m | 336,612 | 2.2m | 477,977 | |
9903 |
8.6m | 7.2m | 3.6m | -836,198 | 68,245 | |
680 |
- | 0 | - | - | - | |
67/77 |
1.2m | 1.9m | 782,483 | - | 67,717 | |
670/3 |
1.2m | 1.9m | 782,483 | - | 67,717 | |
9904 |
7.4m | 5.3m | 2.8m | -836,198 | 527 | |
689 |
0 | 1.1m | 1.1m | - | - | |
9905 |
7.4m | 4.2m | 1.8m | -836,198 | 527 | |
| Appropriation of the result | ||||||
9906 |
12.5m | 5.2m | 936,408 | -836,198 | 527 | |
14P |
5.2m | 936,408 | -836,198 | - | - | |
691/2 |
- | - | - | - | 527 | |
6920 |
- | - | - | - | 527 | |
| Social balance sheet | ||||||
9087 |
43.6 | 36.7 | 37.6 | 42.3 | 39 | |
Men (FTE)1003 |
25.3 | 21.4 | 23.3 | 26.6 | 24.4 | |
Women (FTE)1003 |
18.3 | 15.2 | 14.3 | 15.7 | 14.6 | |
Agency workers1501 |
0.7 | 0.8 | - | 0.1 | 0.4 | |
Hours worked1013 |
71,103 | 60,220 | 50,646 | 54,805 | 80,827 | |
| Document | ||||||
The notes to these accounts have 54 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 26-04-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | full format | 26-04-2024 | 2024-00072612 | |
| 31-12-2022 | full format | 10-05-2023 | 2023-00084936 | |
| 31-12-2021 | full format | 10-05-2022 | 2022-20025488 | |
| 31-12-2020 | full format | 18-05-2021 | 2021-14700291 | |
| 31-12-2019 | full format | 13-05-2020 | 2020-11900415 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 4.6m | 7.2m | 2.6m | -133,685 | 558,763 | ||
| 7.7m | 5.7m | 3.2m | -488,966 | 320,876 | ||
| 161,522 | 187,406 | 2.0m | 148,576 | 1.9m | ||
| -1,996 | 9 | -10,091 | -6,421 | - | ||
| 36.9m | 29.4m | 23.9m | 23.1m | 23.4m | ||
| 3.8% | 8.3% | 4.9% | -1.2% | 0.3% | ||
| 58.0% | 47.9% | 54.4% | 57.7% | 54.1% | ||
| 2.29 | 1.84 | 2.06 | 2.33 | 2.10 | ||
| 2.21 | 1.72 | 1.90 | 2.14 | 1.96 | ||
| 0.72 | 1.09 | 0.84 | 0.73 | 0.85 | ||
| 18.6% | 16.4% | 10.5% | -3.5% | 0.0% | ||
| 10.8% | 7.8% | 5.7% | -2.0% | 0.0% | ||
| 4.03 | over 100 | over 100 | -6873.27 | over 100 | ||
| 77 days | 105 days | 86 days | 103 days | 74 days | ||
| 29 days | 92 days | 78 days | 56 days | 39 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Revenue breakdown
By geographic market 2020
- Europa, Midden Oosten en Afrika €30,487,40578.1%
- Amerika €5,035,51312.9%
- Azië €3,493,9129.0%
- China €8,7120.0%
Total €39,025,542
Source: 2020 accounts, page 19, filing 2021-14700291
Social balance sheet
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 50 | 39 | 37 |
| full-time | 42 | 35 | 33 |
| part-time | 8 | 4 | 4 |
| in full-time equivalents | 48.3 | 38.4 | 36.3 |
| 43.6 | 36.7 | 37.6 | |
| On a permanent contract | 50 | 39 | 37 |
| Joined | 16 | 9 | 1 |
| Left | 5 | 7 | 5 |
| Agency workers, average number | 0.7 | 0.8 | - |
| Training hours | 2,937 | 2,720 | 1,935 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
fixed assets acquired| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible fixed assets | €161,248 | €114,213 | €25,872 |
| Intangible fixed assets | €274 | €73,193 | €23,893 |
| Financial fixed assets | - | - | €2.0m |
| €314,431 | €378,232 | €362,730 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Auditor
feesThe auditor is BV PwC Bedrijfsrevisoren.
| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Fee for the audit | €27,550 | €26,188 | €23,883 |
Source: notes to the 2021 to 2023 annual accounts (relations with the auditor)
Insights on CINIONIC
The operating result for 2023 is 36% lower than in 2022.
Debt's share of the balance-sheet total falls from 52.1% to 42.0%. Equity is higher and debt is lower.