CINQ - INVEST
ActiveSummary
CINQ - INVEST has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-1.09M) and a net result of €-151k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability21▲+13
Solvency9▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.18 against 2.08 in 2023; short-term debt: 7.7% and cash: 0.3% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-15.9%
Return on assets
-2.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-1.09M
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
471 d late
2022
837 d late
2021
156 d early
2020
30 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-151k▲ 68.2%
2023 · €-474k
2018: €46k
2019: €39k
2020: €-27k
2021: €-34k
2022: €-817k
2023: €-474k
2018 → 2024
Working capital
€618k▼ 4.5%
2023 · €647k
2018: €11k
2019: €36k
2020: €111k
2021: €71k
2022: €615k
2023: €647k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€383k-€349k▼ 8.9%€-468k€-942k▼ 101%€-1.09M▼ 16.0%
Operating result€-21k-€-27k▼ 28.2%€-786k▼ 2,786%€-321k▲ 59.2%€39k
Net result€-27k-€-34k▼ 26.1%€-817k▼ 2,305%€-474k▲ 42.0%€-151k▲ 68.2%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €39k after a loss of €321k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.86M
Fixed assets
€5.72M ▲ 32.1%
Current assets
€1.14M ▼ 8.0%
Key figures and ratios
EBITDA
€166k▲
2023 · €-230k
Cash flow
€-24k▲
2023 · €-383k
Solvency
-15.9%▲
2023 · -16.9%
Current ratio
2.18▲
2023 · 2.08
Debt to equity
-7.27▼
2023 · -6.91
ROA
-2.2%▲
2023 · -8.5%
Interest coverage
0.61▲
2023 · -1.17
Debt
€7.95M▲
2023 · €6.51M
Debt ≤ 1 year
€526k▼
2023 · €597k
Debt > 1 year
€6.79M▲
2023 · €5.46M
Income taxes
€16k
Staff costs
€226k▲
2023 · €100k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.57M€6.86M▲
Fixed assets21/28€4.33M€5.72M▲
Intangible fixed assets21-€3k
Tangible fixed assets22/27€2.14M€2.24M▲
Land and buildings22€2.00M€2.09M▲
Plant, machinery and equipment23€39k€40k▲
Furniture and vehicles24-€439
Assets under construction and advance payments27€99k€107k▲
Financial fixed assets28€2.19M€3.48M▲
Current assets29/58€1.24M€1.14M▼
Amounts receivable within one year40/41€926k€861k▼
Trade receivables40€33k€22k▼
Other amounts receivable41€893k€839k▼
Cash at bank and in hand54/58€194k€18k▼
Deferred charges and accrued income490/1€123k€265k▲
Equity and liabilities
Total equity and liabilities10/49€5.57M€6.86M▲
Equity10/15€-942k€-1.09M▼
Contributions10/11€333k€333k=
Capital10€333k€333k=
Issued capital100€333k€333k=
Reserves13€33k€33k=
Non-distributable reserves130/1€33k€33k=
Legal reserve130€33k€33k=
Profit (loss) carried forward14€-1.31M€-1.46M▼
Amounts payable17/49€6.51M€7.95M▲
Amounts payable after more than one year17€5.46M€6.79M▲
Financial debts170/4€5.46M€6.79M▲
Amounts payable within one year42/48€597k€526k▼
Current portion of amounts payable after more than one year42€66k€68k▲
Trade debts44€136k€113k▼
Suppliers440/4€136k€113k▼
Taxes, remuneration and social security45€394k€344k▼
Taxes450/3€390k€329k▼
Remuneration and social security454/9€3k€15k▲
Accrued charges and deferred income492/3€453k€639k▲
Income statement
Code20232024
Remuneration, social security and pensions62€100k€226k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€127k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-175
Other operating charges640/8€27k€52k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-102k€444k▲
Operating profit (loss)9901€-321k€39k▲
Financial income75/76B€43k€98k▲
Recurring financial income75€43k€98k▲
Financial charges65/66B€196k€272k▲
Recurring financial charges65€196k€272k▲
Profit (loss) for the period before taxes9903€-474k€-135k▲
Income taxes67/77-€16k
Profit (loss) for the period9904€-474k€-151k▲
Profit (loss) for the period to be appropriated9905€-474k€-151k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.31M€-1.46M▼
Profit (loss) brought forward from the previous period14P€-835k€-1.31M▼
Social balance
Average headcount (FTE)90874.17.1▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 119 days late
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 471 days late
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 837 days late
2022
31-12
Financial
Weakest financial yearnet €-817k
Net result drops to €-817k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.95
Current ratio from 1.95 to 4.95.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Begijnhofstraat 381000 BrusselGround area
266 m²
Building footprint
254 m²
Volume, LiDAR
2,500 m³
Parcel 21812N0489/00B000, Brussels · tallest building 19.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HOTEL NOGA
since 19902.047.682.767
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0489/00B000 | Brussels | 266 m² | 1 · 254 m² | 19.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.047.682.767
Similar companies · same sector, comparable size
L' OPPORTUNITE
BE 0821.726.590
Montigny-le-Tilleul · Eq €349,284
C.F.C. IMMO
BE 0476.987.996
Brussel · Eq €348,652
THO-CONSTRUCT
BE 0880.050.118
Diksmuide · Eq €349,471
SHIP Immobilier
BE 0461.577.468
Theux · Eq €349,487
Carrera Projects
BE 0862.584.871
Sint-Martens-Latem · Eq €349,525
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.