Cinrey
ActiveSummary
Cinrey has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,369 and a net result of €6,196. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+5
Solvency98▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 3.63 against 3.75 in 2024; short-term debt: 27.1% and cash: 21.9% of total assets), and 27.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.9%
Return on assets
5.2%
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 13-08-2026, 13 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 · 5 filingsDeviation from the deadline
2025
13 d late
2024
57 d late
2023
61 d late
2022
31 d late
2021
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 50 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€86,369▲ 7.7%
2024 · €80,173
Total assets
€118,461▲ 10.6%
2024 · €107,099
Net result
€6,196▲ 389%
2024 · €1,268
Working capital
€84,492▲ 16.2%
2024 · €72,720
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,288-€14,816▼ 33.5%€33,169▲ 124%€4,102▼ 87.6%€9,116▲ 122%
Net result€15,408-€8,658▼ 43.8%€21,524▲ 149%€1,268▼ 94.1%€6,196▲ 389%
Equity€48,723-€57,381▲ 17.8%€78,905▲ 37.5%€80,173▲ 1.6%€86,369▲ 7.7%
Total assets€122,403-€130,872▲ 6.9%€122,062▼ 6.7%€107,099▼ 12.3%€118,461▲ 10.6%
Debt€73,680-€73,491▼ 0.3%€43,157▼ 41.3%€26,926▼ 37.6%€32,092▲ 19.2%
Working capital€55,647-€52,702▼ 5.3%€72,652▲ 37.9%€72,720▲ 0.1%€84,492▲ 16.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 122% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,461
Fixed assets
€1,877 ▼ 76.3%
Current assets
€116,584 ▲ 17.5%
Equity and liabilities €118,461
Equity
€86,369 ▲ 7.7%
Debt
€32,092 ▲ 19.2%
Debt's share of the balance-sheet total rises from 25.1% to 27.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,154▲
2024 · €10,140
Cash flow
€12,234▲
2024 · €7,306
Current ratio
3.63▼
2024 · 3.75
Quick ratio
1.40▼
2024 · 3.39
Debt to equity
0.37▲
2024 · 0.34
ROE
7.2%▲
2024 · 1.6%
ROA
5.2%▲
2024 · 1.2%
Interest coverage
20.15▲
2024 · 13.45
Debt ≤ 1 year
€32,092▲
2024 · €26,465
Income taxes
€2,283▼
2024 · €2,716
Staff costs
€88,268▲
2024 · €72,236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,066 | - | - | - | - |
| Remuneration, social security and pensions62 | €17,223 | €35,340 | €56,892 | €72,236 | €88,268 | ▲ 22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,907 | €5,665 | €5,665 | €6,038 | €6,038 | = |
| Other operating charges640/8 | €629 | €1,198 | €866 | €624 | €4,132 | ▲ 562% |
| Gross operating margin9900 | €48,047 | €57,019 | €96,592 | €83,000 | €107,554 | ▲ 29.6% |
| Operating profit (loss)9901 | €22,288 | €14,816 | €33,169 | €4,102 | €9,116 | ▲ 122% |
| Financial income75/76B | €622 | €734 | €834 | €636 | €115 | ▼ 81.9% |
| Recurring financial income75 | €622 | €734 | €834 | €636 | €115 | ▼ 81.9% |
| Financial charges65/66B | €1,605 | €1,664 | €1,168 | €754 | €752 | ▼ 0.3% |
| Recurring financial charges65 | €1,605 | €1,664 | €1,168 | €754 | €752 | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €21,305 | €13,886 | €32,835 | €3,984 | €8,479 | ▲ 113% |
| Income taxes67/77 | €5,897 | €5,228 | €11,311 | €2,716 | €2,283 | ▼ 15.9% |
| Profit (loss) for the period9904 | €15,408 | €8,658 | €21,524 | €1,268 | €6,196 | ▲ 389% |
| Profit (loss) for the period to be appropriated9905 | €15,408 | €8,658 | €21,524 | €1,268 | €6,196 | ▲ 389% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,403 | €130,872 | €122,062 | €107,099 | €118,461 | ▲ 10.6% |
| Fixed assets21/28 | €20,389 | €19,617 | €13,952 | €7,914 | €1,877 | ▼ 76.3% |
| Tangible fixed assets22/27 | €20,389 | €19,617 | €13,952 | €7,914 | €1,877 | ▼ 76.3% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €20,389 | €19,617 | €13,952 | €7,914 | €1,877 | ▼ 76.3% |
| Current assets29/58 | €102,014 | €111,255 | €108,110 | €99,185 | €116,584 | ▲ 17.5% |
| Stocks and contracts in progress3 | €7,000 | €7,000 | €4,500 | €9,500 | €71,677 | ▲ 654% |
| Stocks30/36 | €3,000 | €3,000 | €2,000 | €3,500 | €39,677 | ▲ 1,034% |
| Contracts in progress37 | €4,000 | €4,000 | €2,500 | €6,000 | €32,000 | ▲ 433% |
| Amounts receivable within one year40/41 | €8,178 | €63,314 | €21,820 | €78,424 | €12,841 | ▼ 83.6% |
| Trade receivables40 | €2,915 | €54,351 | €17,601 | €78,424 | €12,841 | ▼ 83.6% |
| Other amounts receivable41 | €5,263 | €8,963 | €4,219 | - | - | - |
| Current investments50/53 | €5,000 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €72,879 | €34,493 | €73,636 | €5,643 | €25,896 | ▲ 359% |
| Deferred charges and accrued income490/1 | €8,957 | €6,448 | €8,154 | €5,618 | €6,170 | ▲ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,403 | €130,872 | €122,062 | €107,099 | €118,461 | ▲ 10.6% |
| Equity10/15 | €48,723 | €57,381 | €78,905 | €80,173 | €86,369 | ▲ 7.7% |
| Contributions10/11 | €1,023 | €1,023 | €1,023 | €1,023 | €1,023 | = |
| Capital10 | €1,023 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €17,577 | - | - | - | - | - |
| Reserves13 | €38,500 | €47,000 | €47,000 | €47,000 | €47,000 | = |
| Distributable reserves133 | €38,500 | €47,000 | €47,000 | €47,000 | €47,000 | = |
| Profit (loss) carried forward14 | €9,200 | €9,358 | €30,882 | €32,150 | €38,346 | ▲ 19.3% |
| Amounts payable17/49 | €73,680 | €73,491 | €43,157 | €26,926 | €32,092 | ▲ 19.2% |
| Amounts payable after more than one year17 | €27,264 | €14,938 | €7,699 | €461 | - | - |
| Financial debts170/4 | €27,264 | €14,938 | €7,699 | €461 | - | - |
| Amounts payable within one year42/48 | €46,367 | €58,553 | €35,458 | €26,465 | €32,092 | ▲ 21.3% |
| Financial debts43 | €15,959 | €12,325 | €7,239 | €7,239 | - | - |
| Credit institutions430/8 | €15,959 | €12,325 | €7,239 | €7,239 | - | - |
| Trade debts44 | €8,183 | €28,934 | €5,437 | €3,720 | €7,968 | ▲ 114% |
| Suppliers440/4 | €8,183 | €28,934 | €5,437 | €3,720 | €7,968 | ▲ 114% |
| Taxes, remuneration and social security45 | €17,260 | €8,423 | €13,855 | €7,746 | €14,190 | ▲ 83.2% |
| Taxes450/3 | €17,260 | €6,125 | €9,538 | €5,501 | €6,420 | ▲ 16.7% |
| Remuneration and social security454/9 | - | €2,298 | €4,317 | €2,245 | €7,770 | ▲ 246% |
| Other amounts payable47/48 | €4,965 | €8,871 | €8,927 | €7,760 | €9,934 | ▲ 28.0% |
| Accrued charges and deferred income492/3 | €49 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,408 | €8,658 | €21,524 | €1,268 | €6,196 | ▲ 389% |
| + Depreciation and write-downs630 | €7,907 | €5,665 | €5,665 | €6,038 | €6,038 | = |
| Operating cash flow (approximation) | €23,315 | €14,323 | €27,189 | €7,306 | €12,234 | ▲ 67.5% |
| Investment in fixed assets (approximation) | - | -€4,893 | €0 | €0 | -€1 | - |
| Change in cash | - | -€38,386 | €39,143 | -€67,993 | €20,253 | ▲ 130% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €1,268 ▼94.1%
Net result drops to €1,268, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2021net €21,524 ▲149%
Operating result €33,169, net result €21,524, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Wetteren · 1 establishment unit since 2018
Ground area
260 m²
Building footprint
63 m²
Parcel 42025A0981/02W000, Flanders. Linked by address, not a title deed.
1 establishment unit
Cinrey
since 20182.278.316.402
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025A0981/02W000 | Flanders | 260 m² | 1 · 63 m² | 0.0 m |
Linked by address, not proof of ownership
Good to know
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
2023 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 1 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Show 1 ended approval
Residentieel elektrotechnisch installateur (so)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 8,813 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Phone
0473919762
Scores and ratios are computed by Checked and are not a credit decision.