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CINOCO -LE PALAIS DU VIN

Active
Public limited companyfounded 1955active for 71 yearsAvenue Robert Schuman 91, 1400 Nivelles, BelgiumKBO/BCE: BE 0402.850.106
Summary

CINOCO -LE PALAIS DU VIN has been active since 1955 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.9m and a net result of €438,532. Equity has been growing by about 4.5% per year since 2018. Its solvency ranks better than 55% of 6,182 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 27-07-1955 Normal situation
Activity
Wholesale of wines and spirits NACE 46341
Establishment unit
2.295.124.225 1400 Nivelles, since 01-12-2019
Financial year end
31 December
Peppol
Reachable since 30-03-2026

Board and ownership

Board
and 7 others
Auditor
S.C. PVMD - réviseurs d'entreprises
Shareholders
  • HNBS 1691· score 952025 annual accounts of HNBS 1691
Holdings
Shares in 4 companies including MAGNUS KWALITEITSWIJNEN and VINOSELECT

Financial position

90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€23.7m
▼ 7.2%
Profit
€438,532
▼ 38.9%
Equity
€13.9m
▲ 1.2%
Total assets
€27.9m
▼ 6.3%
Employees on 31-12-2025
38
▼ 5.0%
Score breakdownraises riskLiquidity: current ratio 1.86, cash €487,198, halvedlowers riskSize: turnover €23.7m, 38.6 FTE, total assets €27.9mFounded in 1955Legal form: public limited companyShow the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 40% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Average
Solvency 75+4
equity 49.6% of total assets
Liquidity 40-6
short-term debt 29.1% · cash 1.7%
Profitability 40+6
return on assets 1.6%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,375 companies, NACE 46, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value 11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €1,200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.86 (1.82 in 2024), above the usual 1.5. Short-term debt is 29.1% and cash 1.7% of total assets. However, 50.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 46, small). It does better than 58% of them on solvency, 45% on liquidity, 25% on profitability and 31% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.86, cash €487,198, halved
NBB · annual accounts
lowers risk · Size: turnover €23.7m, 38.6 FTE, total assets €27.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1955
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
64 days early
2023
63 days early
2022
61 days early
2021
74 days early
2020
89 days early
2019
66 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 68 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 88% of companies in wholesale tradesector median €1.6m · 6,113 companies €13.9m View
  • Mandates to pledge the business, new in 202584.1% of equity · not in the 2024 accounts €11.7m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €438,532 8 years View
  • Caution: Result fell in 2025from €717,568 to €438,532 ▼ 38.9% View
  • Board changedlatest change 04-05-2026 · 10 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed Resignation: Etienne Bizot (director)Appointment: Gonzague Villedey (director)
  2. · Gazette deed 3 directors appointed, 1 director resigning, 4 directors reappointedReappointments: NOLET de BRAUWERE VAN STEELAND Gilles, NOLET de BRAUWERE VAN STEELAND Ivan and 2 others · Appointments: NOLET de BRAUWERE VAN STEELAND Leopold Gilles Hugues Antoinette Marie Ghislain, NOLET de BRAUWERE VAN STEELAND Guillaume Geoffroy André Marie Ghislain and NOLET de BRAUWERE VAN STEELAND Joline Pascale Julien Hélène Marie Ghislaine · Resignation: BROUSSE Eric (director)
  3. · Gazette deed Appointments: NoletdeBrauwerevanSteeland, Gilles (day-to-day manager) and NoletdeBrauwerevanSteeland, Ivan (day-to-day manager)
All 15 events

Companies linked to CINOCO -LE PALAIS DU VIN

Parent and group

Comparable companies

These companies have the same main activity as CINOCO -LE PALAIS DU VIN: wholesale of wines and spirits (NACE 46341). They are comparable in size and age: total assets between €8.6m and €69m, founded between 1925 and 1994.

CompanyTotal assetsTurnover
CINOCO -LE PALAIS DU VIN Nivelles€27.9m€23.7m
VALUABLE SAVOURS COMPANY Ternat€18.0m€23.6m
BACARDI - MARTINI BELGIUM Vilvoorde€37.3m€81.4m
Grandes Distilleries de Charleroi Charleroi€8.6m€14.6m
WIJNGALERIJ CROMBE Kortrijk€15.9m€22.4m
MOET HENNESSY BELUX Brussels€17.3m€40.7m
Partner Spirits Andenne€69.0m€137.9m
Full comparison

Key facts about CINOCO -LE PALAIS DU VIN

What is the company number of CINOCO -LE PALAIS DU VIN?
The company number of CINOCO -LE PALAIS DU VIN is 0402.850.106. The VAT number is the same number with BE in front: BE 0402.850.106.
Where is CINOCO -LE PALAIS DU VIN based?
The registered office is at Avenue Robert Schuman 91, 1400 Nivelles.Company details
What does CINOCO -LE PALAIS DU VIN do?
According to the KBO register, the main activity is wholesale of wines and spirits (NACE 46341).
What is the legal form of CINOCO -LE PALAIS DU VIN?
CINOCO -LE PALAIS DU VIN is a public limited company (NV).
When was CINOCO -LE PALAIS DU VIN founded?
CINOCO -LE PALAIS DU VIN was founded on 27-07-1955.
Is CINOCO -LE PALAIS DU VIN still active?
Yes, CINOCO -LE PALAIS DU VIN is an active enterprise in the KBO register.
How many employees does CINOCO -LE PALAIS DU VIN have?
CINOCO -LE PALAIS DU VIN had an average of 38.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CINOCO -LE PALAIS DU VIN?
The turnover of CINOCO -LE PALAIS DU VIN was €23.7m in financial year 2025, according to the filed annual accounts.
Is CINOCO -LE PALAIS DU VIN profitable?
In financial year 2025, CINOCO -LE PALAIS DU VIN made a profit of €438,532.
Where can I find the annual accounts of CINOCO -LE PALAIS DU VIN?
CINOCO -LE PALAIS DU VIN filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CINOCO -LE PALAIS DU VIN due?
CINOCO -LE PALAIS DU VIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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