Cinque
ActiveThe computed 12-month bankruptcy probability of Cinque is 2.8% (moderate). The annual accounts of Cinque for fiscal year 2025 show a net loss of 97% of total assets and of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €1k and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 13204 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-38
Solvency40▼-47
Growth78=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.34 against 4.51 in 2024; short-term debt: 69.4% and cash: 78.7% of total assets), and 85.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
14.6%
Return on assets
-97.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
27 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 86.9%
2024 · €10k
2019: €-7k
2020: €-12k
2021: €-21k
2022: €-14k
2023: €10k
2024: €10k
2019 → 2025
Total assets
€9k▼ 44.8%
2024 · €17k
2019: €22k
2020: €17k
2021: €17k
2022: €9k
2023: €20k
2024: €17k
2019 → 2025
Net result
€-9k
2024 · €613
2019: €-26k
2020: €-5k
2021: €-8k
2022: €6k
2023: €24k
2024: €613
2019 → 2025
Working capital
€2k▼ 81.8%
2024 · €12k
2019: €2k
2020: €-20k
2021: €6k
2022: €-16k
2023: €9k
2024: €12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-21k-€-14k▲ 30.2%€10k€10k▲ 6.3%€1k▼ 86.9%
Operating result€-7k-€9k€26k▲ 200%€2k▼ 91.5%€-7k
Net result€-8k-€6k€24k▲ 287%€613▼ 97.5%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€617▼ 45.4%
Current assets
€9k▼ 44.8%
Equity and liabilities €9k
Equity
€1k▼ 86.9%
Debt
€8k▲ 23.1%
The debt ratio rises from 38.3% to 85.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2024 · €3k
Cash flow
€-8k▼
2024 · €1k
Solvency
14.6%▼
2024 · 61.7%
Current ratio
1.34▼
2024 · 4.51
Quick ratio
1.20▼
2024 · 4.24
Debt / equity
5.83▲
2024 · 0.62
ROE
-664.8%▼
2024 · 5.9%
ROA
-97.3%▼
2024 · 3.7%
Interest coverage
-3.84▼
2024 · 1.75
Debt
€8k▲
2024 · €6k
Debt ≤ 1 year
€6k▲
2024 · €3k
Staff costs
€242
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17k€9k▼
Fixed assets21/28€1k€617▼
Tangible fixed assets22/27€1k€617▼
Plant, machinery and equipment23€1k€617▼
Current assets29/58€16k€9k▼
Stocks and contracts in progress3€951€941▼
Stocks30/36€951€941▼
Amounts receivable within one year40/41€9k-
Trade receivables40€65-
Other amounts receivable41€9k-
Cash at bank and in hand54/58€6k€7k▲
Deferred charges and accrued income490/1€150€410▲
Equity and liabilities
Total equity and liabilities10/49€17k€9k▼
Equity10/15€10k€1k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-8k€-17k▼
Amounts payable17/49€6k€8k▲
Amounts payable within one year42/48€3k€6k▲
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€242
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€833€514▼
Other operating charges640/8€569€585▲
Gross operating margin9900€4k€-6k▼
Operating profit (loss)9901€2k€-7k▼
Financial income75/76B€147-
Recurring financial income75€147-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€613€-9k▼
Profit (loss) for the period9904€613€-9k▼
Profit (loss) for the period to be appropriated9905€613€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-17k▼
Profit (loss) brought forward from the previous period14P€-9k€-8k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 4.51
Current ratio from 2.11 to 4.51; short-term debt falls from €8k to €3k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2019net €24k ▲287%
Operating result €26k, net result €24k, both a record.
31-12
Financial
Liquidity times 11current ratio 2.11
Current ratio from 0.20 to 2.11; short-term debt falls from €20k to €8k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity times 6current ratio 2.04
Current ratio from 0.32 to 2.04; short-term debt falls from €30k to €5k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kapellen · 1 establishment unit since 2018
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.
Hoevensebaan 472950 KapellenGround area
299 m²
Building footprint
298 m²
Volume, LiDAR
1,670 m³
Parcel 11902E0119/00A002, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cinque
since 20182.279.168.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902E0119/00A002 | Flanders | 299 m² | 1 · 298 m² | 11.3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteKapellen (Antw.)2.279.168.121
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 2,062 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2018
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.