CYN Branding

Active

Private limited companyfounded 20233 yrs activeTollaan 65, 1932 Zaventem, BelgiumKBO/BCE: BE 0802.489.809

The computed 12-month bankruptcy probability of CYN Branding is 1.7% (moderate). The 2024 annual accounts show equity of €34k and a net result of €32k. Its solvency ranks better than 20% of 8969 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

71 / 100

Healthy▲ +46 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency25▲+12

Growth78

Stability94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.17 against 1.02 in 2023), and 85.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

14.3%

Return on assets

13.2%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8969 sector peers (2024).

NBB · sector comparison

Position among 8969 sector peers

Solvency

better than 20%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

25 d late

2023

71 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€34k▲ 1,223%

2023 · €3k

2023: €3k

2023 → 2024

Total assets

€241k▲ 104%

2023 · €118k

2023: €118k

2023 → 2024

Net result

€32k

2023 · €-2k

2023: €-2k

2023 → 2024

Working capital

€35k▲ 1,285%

2023 · €3k

2023: €3k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€3k-€34k▲ 1,223%

Operating result€-2k-€42k

Net result€-2k-€32k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €42k after a loss of €2k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €241k

99.4%

Fixed assets €1k▼ 34.2%

Current assets €240k▲ 106%

Equity and liabilities €241k

14.3%

85.7%

Equity €34k▲ 1,223%

Debt €207k▲ 78.8%

The debt ratio falls from 97.8% to 85.7%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€43k▲

2023 · €-2k

Cash flow

€33k▲

2023 · €-2k

Solvency

14.3%▲

2023 · 2.2%

Current ratio

1.17▲

2023 · 1.02

Quick ratio

0.63▼

2023 · 0.88

Debt / equity

6.00▼

2023 · 44.43

ROE

92.4%▲

2023 · -92.3%

ROA

13.2%▲

2023 · -2.0%

Interest coverage

15.86▲

2023 · -1.98

Debt

€207k▲

2023 · €116k

Debt ≤ 1 year

€204k▲

2023 · €113k

Income taxes

€8k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€118k€241k▲

Fixed assets21/28€2k€1k▼

Tangible fixed assets22/27€2k€1k▼

Plant, machinery and equipment23€2k€1k▼

Current assets29/58€116k€240k▲

Stocks and contracts in progress3€16k€111k▲

Stocks30/36€16k€111k▲

Amounts receivable within one year40/41€100k€125k▲

Trade receivables40€98k€117k▲

Other amounts receivable41€2k€8k▲

Cash at bank and in hand54/58€1€4k▲

Equity and liabilities

Total equity and liabilities10/49€118k€241k▲

Equity10/15€3k€34k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€-2k€29k▲

Amounts payable17/49€116k€207k▲

Amounts payable within one year42/48€113k€204k▲

Trade debts44€108k€188k▲

Suppliers440/4€108k€188k▲

Taxes, remuneration and social security45€725€16k▲

Taxes450/3€725€16k▲

Other amounts payable47/48€5k-

Accrued charges and deferred income492/3€2k€2k=

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55€720▲

Other operating charges640/8€384€170▼

Gross operating margin9900€-1k€43k▲

Operating profit (loss)9901€-2k€42k▲

Financial income75/76B-€243

Recurring financial income75-€243

Financial charges65/66B€787€3k▲

Recurring financial charges65€787€3k▲

Profit (loss) for the period before taxes9903€-2k€40k▲

Income taxes67/77-€8k

Profit (loss) for the period9904€-2k€32k▲

Profit (loss) for the period to be appropriated9905€-2k€32k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2k€29k▲

Profit (loss) brought forward from the previous period14P-€-2k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Gazette 2Filings 2

2026

27-03

State Gazette act Registered office · Statutes amendment · Resignations & appointments

General meeting · Registered-office move · Statutes amendment9 facts ▸

General meeting, 20 februari 2026
Registered-office move, 1932 Zaventem (Sint-Stevens-Woluwe), Tollaan nummer 65
Statutes amendment
Corporate purpose, De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden en gemeenschappelijke rekening met derden, zowel in België als in het…
Capital, €5.000
Director appointment, KURT Gülsah (bestuurder)
Mandate compensation, KURT Gülsah
Power of attorney, KURT Gülsah
Power of attorney, Pauline FRANCKX

19-03

State Gazette act Registered office

General meeting · Registered-office move · Suspensive condition3 facts ▸

General meeting, 20/02/2026
Registered-office move, 1932 Zaventem (Sint-Stevens-Woluwe), Tollaan 65
Suspensive condition, adoption of new Dutch-language statutes by a second general meeting act

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

31-12

Financial Back to profitnet €32k

Net result €32k after one loss-making year.

10-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 71 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 directors, no change since 2026

KURT Gülsah

Director · since 20-02-2026

Current

20-02-2026 KURT Gülsah: Appointed as Director

05-08-2024 Nancy Mondelaers: Resigned as Director

05-08-2024 Victor Emessiri: Resigned as Director

Location & real-estate footprint

Registered office, Zaventem · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Tollaan 651932 Zaventem

Ground area

2,412 m²

Building footprint

786 m²

Volume, LiDAR

5,424 m³

Parcel 23078C0001/00H002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

CYN Branding

Tollaan 65, 1932 ZaventemAdvertising agencies

since 20232.346.616.476

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23078C0001/00H002	Flanders	2,412 m²	1 · 786 m²	8.1 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 site

Zaventem2.346.616.476

1 permission

Groothandelaar verpakkingsmateriaal · since 01-01-2024

Similar companies · same sector, comparable size

The One with the Media

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ANTHONISSEN EN ASSOCIATES

Sint-Truiden · Eq €34k

Aroma Communicatie

BE 0892.518.873

Meerhout · Eq €34k

Of 9,807 companies in sector 73110 we hold annual accounts for 3,724. 2,855 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-06-2023

Fiscal year end31-12

Abbreviation FR CYN

Activities, NACEBEL

73110Advertising agencies

70200Business and other management consultancy

70210Activities of head offices; management consultancy activities

70220Business consulting

73300Public relations and communication consultancy

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.