Active BE 0800.531.793Private limited company

CINNIC

Grote Moortel 2 ·9830 Sint-Martens-Latem, Belgium· 3 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

CINNIC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €217k and a net result of €77k. Equity is growing by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 67 sector peers (fiscal year 2026). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€217k
Net result	€77k
Better than sector	66%
Active	3 yrs

Financial profile 4 of 5 axes measured · computed by Checked

86 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 100

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview3 NBB filings

Annual accounts filed on 01-09-2026 with the NBB · fiscal year 2026 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Net result: stable across 3 fiscal years (±0.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2026 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	73.6%	61.3%	better than 66% of 67 sector peers
Net result	€77k	€49k	better than 58% of 67 sector peers
Equity	€217k	€567k	better than 31% of 67 sector peers
Gross operating margin	€122k	€96k	better than 60% of 67 sector peers
Total assets	€295k	€1.19M	better than 22% of 67 sector peers

Net profit

€77k

+21.9% 24-26

Total assets

€295k

+14.1% 24-26

Equity

€217k

+53.3% 24-26

Income taxes

€21k

+21.8% 24-26

Dividends

€2k

0.0% 24-26

Debt

€78k

-33.5% 24-26

Debt ≤ 1y

€78k

-33.5% 24-26

Solvency

73.6%

+34.4% 24-26

ROE

35.5%

-20.5% 24-26

ROA

26.2%

+6.9% 24-26

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2026	2025	2024
Deposit	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a
Net profit	€77k	€63k	€78k
Cash flow	n/a	n/a	n/a
Staff costs	-	-	-
Income taxes	€21k	€17k	€20k
Dividends	€2k	€2k	€2k
Total assets	€295k	€259k	€180k
Equity	€217k	€142k	€80k
Debt	€78k	€117k	€100k
of which ≤ 1y	€78k	€117k	€100k
of which > 1y	-	-	-
Working capital	n/a	n/a	n/a
Employees (FTE)	-	-	-

Ratios (computed)

	2026	2025	2024
Current ratio	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a
Solvency	73.6%	54.8%	44.5%
Debt / equity	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a
Net margin	n/a	n/a	n/a
ROA	26.2%	24.5%	43.2%
ROE	35.5%	44.7%	97.1%
EBITDA margin	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a

Balance-sheet composition 2026

Assets

Fixed assets €84k · 28.3% Current assets €212k · 71.7%

Equity & liabilities

Equity €217k · 73.6% Debt €78k · 26.4%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2026	2025	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€295k	€259k	€180k
Fixed assets	21/28	€84k	€106k	€129k
Tangible fixed assets	22/27	€84k	€106k	€129k
Current assets	29/58	€212k	€153k	€51k
Amounts receivable within one year	40/41	€94k	€106k	€23k
Cash & bank	54/58	€116k	€44k	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€295k	€259k	€180k
Equity	10/15	€217k	€142k	€80k
Contributions / capital	10/11	€4k	€4k	€4k
Reserves	13	€213k	€138k	€76k
Accumulated profits (losses)	14	€0	€0	€0
Amounts payable	17/49	€78k	€117k	€100k
Amounts payable within one year	42/48	€78k	€117k	€100k
Trade debts payable within one year	44	€466	€948	€654
Income statement
Gross operating margin	9900	€122k	€107k	€128k
Operating result	9901	€95k	€80k	€99k
Financial income	75	€5k	€3k	€484
Financial charges	65	€2k	€3k	€2k
Result before taxes	9903	€98k	€80k	€98k
Income taxes	67/77	€21k	€17k	€20k
Net result for the period	9904	€77k	€63k	€78k
Result to be appropriated	9905	€77k	€63k	€78k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	06-04-2023
Status	Active
Postal code	9830

Establishment units 1 location

CINNIC

Grote Moortel 2, 9830 Sint-Martens-LatemHoldings

since 20232.344.915.117

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44064A0025/00A000indicative	Flanders	2,909 m²	-	-

Methodology

via registered seat: 1

0 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

All 8Financial 5Filings 3

Next filing, fiscal year 2027, expected by 31-01-2028

2026

01-09

NBB filing Annual accounts filed

fiscal year 2026 · abbreviated schema

30-06

Financial Liquidity doublescurrent ratio 2.72

Current ratio from 1.31 to 2.72; short-term debt falls from €117k to €78k.

30-06

Financial Equity above €200kEq €217k ▲53.3%

3 profitable years in a row build equity to €217k.

2025

10-09

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

30-06

Financial Weakest financial yearnet €63k ▼18.4%

Net result drops to €63k, the lowest in the series; recovery starts the following year.

30-06

Financial Liquidity triplescurrent ratio 1.31

Current ratio from 0.51 to 1.31.

30-06

Financial Equity above €100kEq €142k ▲77.1%

2 profitable years in a row build equity to €142k.

2024

02-12

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Business and other management consultancy70200Business consulting70220

Names & trade names

Legal nameNL

CINNIC

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