CITIZEN CAIN
ActiveSummary
CITIZEN CAIN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €973. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 310 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-24
Solvency45=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.51 in 2023; short-term debt: 78.2% and cash: 1.1% of total assets), and 80.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← 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
19.5%
Return on assets
0.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d late
2022
127 d late
2021
52 d early
2020
48 d late
2019
65 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€63k▲ 1.6%
2023 · €62k
2019: €27klowest in 6 years
2020: €34k▲ +26.7% vs 2019
2021: €37k▲ +8.8% vs 2020
2022: €47k▲ +26.6% vs 2021
2023: €62k▲ +32.2% vs 2022
2024: €63k▲ +1.6% vs 2023highest in 6 years
2019 → 2024
Total assets
€322k▲ 2.0%
2023 · €316k
2019: €231klowest in 6 years
2020: €268k▲ +16.0% vs 2019
2021: €260k▼ -2.9% vs 2020
2022: €279k▲ +7.6% vs 2021
2023: €316k▲ +12.9% vs 2022
2024: €322k▲ +2.0% vs 2023highest in 6 years
2019 → 2024
Net result
€973▼ 93.5%
2023 · €15k
2019: €5k
2020: €7k▲ +53.6% vs 2019
2021: €3k▼ -58.1% vs 2020
2022: €10k▲ +228% vs 2021
2023: €15k▲ +53.2% vs 2022highest in 6 years
2024: €973▼ -93.5% vs 2023lowest in 6 years
2019 → 2024
Working capital
€-114k▲ 3.8%
2023 · €-118k
2019: €-165klowest in 6 years
2020: €-100k▲ +39.2% vs 2019
2021: €-73k▲ +26.7% vs 2020highest in 6 years
2022: €-142k▼ -93.8% vs 2021
2023: €-118k▲ +16.9% vs 2022
2024: €-114k▲ +3.8% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€37k▲ 8.8%€47k▲ 26.6%€62k▲ 32.2%€63k▲ 1.6%
2020: €34klowest in 5 years
2021: €37k▲ +8.8% vs 2020
2022: €47k▲ +26.6% vs 2021
2023: €62k▲ +32.2% vs 2022
2024: €63k▲ +1.6% vs 2023highest in 5 years
Operating result€-471-€30k€10k▼ 65.8%€28k▲ 176%€8k▼ 73.4%
2020: €-471lowest in 5 years
2021: €30k▲ +6518% vs 2020highest in 5 years
2022: €10k▼ -65.8% vs 2021
2023: €28k▲ +176% vs 2022
2024: €8k▼ -73.4% vs 2023
Net result€7k-€3k▼ 58.1%€10k▲ 228%€15k▲ 53.2%€973▼ 93.5%
2020: €7k
2021: €3k▼ -58.1% vs 2020
2022: €10k▲ +228% vs 2021
2023: €15k▲ +53.2% vs 2022highest in 5 years
2024: €973▼ -93.5% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 73% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €322k
Fixed assets
€184k ▼ 3.6%
Current assets
€138k ▲ 10.6%
Equity and liabilities €322k
Equity
€63k ▲ 1.6%
Debt
€259k ▲ 2.1%
Debt's share of the balance-sheet total rises from 80.4% to 80.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▼
2023 · €44k
Cash flow
€8k▼
2023 · €30k
Current ratio
0.55▲
2023 · 0.51
Debt to equity
4.12▲
2023 · 4.10
ROE
1.5%▼
2023 · 24.4%
ROA
0.3%▼
2023 · 4.8%
Interest coverage
3.78▼
2023 · 15.27
Debt ≤ 1 year
€252k▲
2023 · €243k
Income taxes
€3k▼
2023 · €11k
Staff costs
€189k▼
2023 · €222k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€316k€322k▲
Fixed assets21/28€191k€184k▼
Tangible fixed assets22/27€16k€10k▼
Furniture and vehicles24€16k€10k▼
Financial fixed assets28€174k€174k=
Current assets29/58€125k€138k▲
Amounts receivable within one year40/41€115k€109k▼
Trade receivables40€109k€109k▼
Other amounts receivable41€6k€267▼
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1€4k€25k▲
Equity and liabilities
Total equity and liabilities10/49€316k€322k▲
Equity10/15€62k€63k▲
Contributions10/11€9k€9k=
Reserves13€5k€5k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€3k€3k=
Profit (loss) carried forward14€48k€49k▲
Amounts payable17/49€254k€259k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€243k€252k▲
Current portion of amounts payable after more than one year42€11k€9k▼
Financial debts43€142k€144k▲
Credit institutions430/8€10k€12k▲
Other loans439€132k€132k=
Trade debts44€58k€73k▲
Suppliers440/4€58k€73k▲
Taxes, remuneration and social security45€25k€23k▼
Taxes450/3€14k€3k▼
Remuneration and social security454/9€11k€20k▲
Other amounts payable47/48€8k€2k▼
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20232024
Remuneration, social security and pensions62€222k€189k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€7k▼
Other operating charges640/8€1k€764▼
Gross operating margin9900€267k€204k▼
Operating profit (loss)9901€28k€8k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€26k€4k▼
Income taxes67/77€11k€3k▼
Profit (loss) for the period9904€15k€973▼
Profit (loss) for the period to be appropriated9905€15k€973▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€49k▲
Profit (loss) brought forward from the previous period14P€33k€48k▲
Social balance
Average headcount (FTE)90873.32.8▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €98k | €125k | €222k | €189k | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €21k | €13k | €15k | €7k | ▼ 55.2% |
| Other operating charges640/8 | - | €1k | €2k | €1k | €764 | ▼ 38.1% |
| Gross operating margin9900 | €66k | €150k | €150k | €267k | €204k | ▼ 23.4% |
| Operating profit (loss)9901 | €-471 | €30k | €10k | €28k | €8k | ▼ 73.4% |
| Financial income75/76B | - | €2k | €669 | €0 | - | - |
| Recurring financial income75 | €17 | €2k | €669 | €0 | - | - |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €24k | €2k | €3k | €4k | ▲ 33.2% |
| Recurring financial charges65 | €587 | €4k | €2k | €3k | €4k | ▲ 33.2% |
| Non-recurring financial charges66B | - | €20k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €7k | €8k | €9k | €26k | €4k | ▼ 85.3% |
| Income taxes67/77 | €107 | €5k | €-913 | €11k | €3k | ▼ 73.5% |
| Profit (loss) for the period9904 | €7k | €3k | €10k | €15k | €973 | ▼ 93.5% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4k | €3k | €10k | €15k | €973 | ▼ 93.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268k | €260k | €279k | €316k | €322k | ▲ 2.0% |
| Fixed assets21/28 | €166k | €126k | €206k | €191k | €184k | ▼ 3.6% |
| Tangible fixed assets22/27 | €47k | €27k | €32k | €16k | €10k | ▼ 41.9% |
| Furniture and vehicles24 | - | €27k | €32k | €16k | €10k | ▼ 41.9% |
| Financial fixed assets28 | €119k | €99k | €174k | €174k | €174k | = |
| Current assets29/58 | €102k | €134k | €73k | €125k | €138k | ▲ 10.6% |
| Amounts receivable after more than one year29 | - | €89k | €0 | - | - | - |
| Other amounts receivable291 | - | €89k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €5k | €43k | €62k | €115k | €109k | ▼ 5.0% |
| Trade receivables40 | - | €42k | €59k | €109k | €109k | ▼ 0.3% |
| Other amounts receivable41 | - | €689 | €3k | €6k | €267 | ▼ 95.3% |
| Cash at bank and in hand54/58 | €7k | €51 | €8k | €6k | €3k | ▼ 43.4% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €4k | €25k | ▲ 600% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268k | €260k | €279k | €316k | €322k | ▲ 2.0% |
| Equity10/15 | €34k | €37k | €47k | €62k | €63k | ▲ 1.6% |
| Contributions10/11 | - | €9k | €9k | €9k | €9k | = |
| Reserves13 | €15k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €10k | €23k | €33k | €48k | €49k | ▲ 2.0% |
| Amounts payable17/49 | €234k | €223k | €233k | €254k | €259k | ▲ 2.1% |
| Amounts payable after more than one year17 | €29k | €12k | €13k | €5k | - | - |
| Financial debts170/4 | - | €12k | €13k | €5k | - | - |
| Amounts payable within one year42/48 | €202k | €207k | €215k | €243k | €252k | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €9k | €15k | €11k | €9k | ▼ 16.2% |
| Financial debts43 | - | €171k | €138k | €142k | €144k | ▲ 1.9% |
| Credit institutions430/8 | - | - | - | €10k | €12k | ▲ 28.6% |
| Other loans439 | - | €171k | €138k | €132k | €132k | = |
| Trade debts44 | €2k | €13k | €41k | €58k | €73k | ▲ 25.8% |
| Suppliers440/4 | - | €13k | €41k | €58k | €73k | ▲ 25.8% |
| Advances received on contracts in progress46 | - | €200 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €11k | €16k | €25k | €23k | ▼ 6.2% |
| Taxes450/3 | - | €5k | €4k | €14k | €3k | ▼ 78.6% |
| Remuneration and social security454/9 | - | €6k | €13k | €11k | €20k | ▲ 90.3% |
| Other amounts payable47/48 | - | €3k | €5k | €8k | €2k | ▼ 70.3% |
| Accrued charges and deferred income492/3 | - | €3k | €5k | €6k | €7k | ▲ 21.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €3k | €10k | €15k | €973 | ▼ 93.5% |
| + Depreciation and write-downs630 | €12k | €21k | €13k | €15k | €7k | ▼ 55.2% |
| Operating cash flow (approximation) | €19k | €24k | €23k | €30k | €8k | ▼ 74.2% |
| Investment in fixed assets (approximation) | - | €19k | €-94k | €0 | €1 | - |
| Change in cash | - | €-7k | €8k | €-2k | €-3k | ▼ 51.2% |
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
2026
29-07
State Gazette act
Director resignation · Permanent representative
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €973 ▼93.5%
Net result drops to €973, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2019net €15k ▲53.2%
Net result €15k, the highest in the series.
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 127 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 48 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 107 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Antwerpen · 1 establishment unit since 2010
Ground area
294 m²
Building footprint
106 m²
Volume, LiDAR
860 m³
Parcel 11344A0523/00L014, Flanders · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Citizen Cain
since 20102.232.893.379
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0523/00L014 | Flanders | 294 m² | 1 · 106 m² | 9.1 m · 3 fl. |
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.
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Of 1,321 companies in sector 59111 we hold annual accounts for 688. 521 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
Founded16-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59114Motion picture, video and television programme production, sound recording and music publishing activities
59112Motion picture, video and television programme production, sound recording and music publishing activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.