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CinemaNext

Active
Public limited companyfounded 200422 yrs activeChaussée de Tongres 257, 4000 Liège, BelgiumKBO/BCE: BE 0865.818.337
Summary

CinemaNext has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.18M and a net result of €140k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 321 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2024
58 / 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▲+27
Solvency54▲+4
Growth22=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.12 in 2023; short-term debt: 67.1% and cash: 1.6% of total assets), and 71.4% 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

Six 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 90
Relative position
BE, all sectors
reference
Sector 90
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
28.6%
Return on assets
0.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
14 d early
2023
26 d early
2022
24 d late
2021
23 d early
2020
181 d late
2019
56 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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, full schema

Turnover
€14.66M▼ 20.5%
2023 · €18.43M
2018: €45.81M 2019: €42.80M 2020: €18.38M 2021: €17.05M 2022: €18.34M 2023: €18.43M
2018 → 2024
EBIT margin
1.0%▲ 4.7pp
2023 · -3.7%
2018: 5.3% 2019: -6.5% 2020: -33.0% 2021: -16.5% 2022: -4.6% 2023: -3.7%
2018 → 2024
Net result
€140k
2023 · €-1.12M
2018: €1.19M 2019: €-2.62M 2020: €-7.98M 2021: €-3.16M 2022: €-418k 2023: €-1.12M
2018 → 2024
Working capital
€1.02M▼ 32.0%
2023 · €1.50M
2018: €26.95M 2019: €29.24M 2020: €4.79M 2021: €1.10M 2022: €795k 2023: €1.50M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€18.38M-€17.05M▼ 7.3%€18.34M▲ 7.6%€18.43M▲ 0.5%€14.66M▼ 20.5%
Equity€9.74M-€6.58M▼ 32.4%€6.16M▼ 6.4%€5.04M▼ 18.2%€5.18M▲ 2.8%
Operating result€-6.07M-€-2.81M▲ 53.7%€-840k▲ 70.1%€-686k▲ 18.3%€149k
Net result€-7.98M-€-3.16M▲ 60.4%€-418k▲ 86.8%€-1.12M▼ 169%€140k
Result per fiscal year
Operating resultNet result
€-10.00M€-7.50M€-5.00M€-2.50M€0Operating result 2020: €-6.07M€-6.07MNet result 2020: €-7.98M€-7.98MOperating result 2021: €-2.81M€-2.81MNet result 2021: €-3.16M€-3.16MOperating result 2022: €-840k€-840kNet result 2022: €-418k€-418kOperating result 2023: €-686k€-686kNet result 2023: €-1.12M€-1.12MOperating result 2024: €149k€149kNet result 2024: €140k€140k20202021202220232024€-1.5M€-1M€-500k€0Operating result 2022: €-840k€-840kNet result 2022: €-418k€-418kOperating result 2023: €-686k€-686kNet result 2023: €-1.12M€-1.1MOperating result 2024: €149k€149kNet result 2024: €140k€140k202220232024
The operating result returns to profit in 2024: €149k after a loss of €686k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.08M
Fixed assets €4.93M ▼ 20.3%
Current assets €13.15M ▼ 4.8%
Equity and liabilities €18.08M
Equity €5.18M ▲ 2.8%
Provisions €0 ▼ 100%
Debt €12.90M ▼ 13.6%
Debt's share of the balance-sheet total falls from 74.7% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€573k▲
2023 · €-300k
Cash flow
€564k▲
2023 · €-738k
Current ratio
1.08▼
2023 · 1.12
Quick ratio
1.00▲
2023 · 0.92
Debt to equity
2.49▼
2023 · 2.96
ROE
2.7%▲
2023 · -22.3%
ROA
0.8%▲
2023 · -5.6%
Interest coverage
2.58▲
2023 · -2.26
Debt ≤ 1 year
€12.13M▼
2023 · €12.31M
Debt > 1 year
€711k▼
2023 · €2.58M
Income taxes
€4k▲
2023 · €295
Staff costs
€3.67M▲
2023 · €3.59M
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 · 96 lines
Balance sheet Code20232024
Assets
Total assets20/58€19.99M€18.08M▼
Fixed assets21/28€6.18M€4.93M▼
Intangible fixed assets21€791k€675k▼
Tangible fixed assets22/27€527k€11k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24€20k€10k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€503k€0▼
Assets under construction and advance payments27€0€0=
Financial fixed assets28€4.87M€4.24M▼
Affiliated companies280/1€4.82M€4.20M▼
Participating interests280€4.82M€4.20M▼
Amounts receivable281€0€0=
Other financial fixed assets284/8€43k€48k▲
Amounts receivable and cash guarantees285/8€43k€48k▲
Current assets29/58€13.81M€13.15M▼
Amounts receivable after more than one year29€2.25M€1.65M▼
Trade receivables290€3k€1k▼
Other amounts receivable291€2.25M€1.65M▼
Stocks and contracts in progress3€2.45M€966k▼
Stocks30/36€2.45M€966k▼
Raw materials and consumables30/31€538k€170k▼
Goods purchased for resale34€1.91M€796k▼
Amounts receivable within one year40/41€8.42M€10.07M▲
Trade receivables40€6.45M€8.20M▲
Other amounts receivable41€1.98M€1.87M▼
Current investments50/53€33k€33k=
Own shares50€33k€33k=
Cash at bank and in hand54/58€496k€286k▼
Deferred charges and accrued income490/1€158k€144k▼
Equity and liabilities
Total equity and liabilities10/49€19.99M€18.08M▼
Equity10/15€5.04M€5.18M▲
Contributions10/11€10.03M€3.03M▼
Capital10€10.03M€3.03M▼
Issued capital100€10.03M€3.03M▼
Reserves13€2.01M€2.01M=
Non-distributable reserves130/1€1.54M€1.54M=
Legal reserve130€1.00M€1.00M=
Own shares acquired1312€33k€33k=
Other1319€504k€504k=
Distributable reserves133€465k€465k=
Profit (loss) carried forward14€-7.00M€140k▲
Provisions and deferred taxes16€29k€0▼
Provisions for liabilities and charges160/5€29k€0▼
Other liabilities and charges164/5€29k€0▼
Amounts payable17/49€14.93M€12.90M▼
Amounts payable after more than one year17€2.58M€711k▼
Financial debts170/4€2.58M€711k▼
Other loans174€2.58M€711k▼
Amounts payable within one year42/48€12.31M€12.13M▼
Current portion of amounts payable after more than one year42€650k€0▼
Trade debts44€8.67M€9.41M▲
Suppliers440/4€8.67M€9.41M▲
Advances received on contracts in progress46€1.70M€1.78M▲
Taxes, remuneration and social security45€605k€391k▼
Taxes450/3€7k€15k▲
Remuneration and social security454/9€598k€376k▼
Other amounts payable47/48€676k€546k▼
Accrued charges and deferred income492/3€41k€61k▲
Income statement Code20232024
Operating income70/76A€22.87M€20.98M▼
Turnover70€18.43M€14.66M▼
Own construction capitalised72€99k€99k▼
Other operating income74€4.10M€1.52M▼
Non-recurring operating income76A€238k€4.70M▲
Operating charges60/66A€23.56M€20.83M▼
Goods for resale, raw materials and consumables60€14.63M€11.14M▼
Purchases600/8€15.37M€10.29M▼
Change in stocks: decrease (increase)609€-744k€853k▲
Services and other goods61€4.80M€4.35M▼
Remuneration, social security and pensions62€3.59M€3.67M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€386k€424k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€84k€803k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0€-29k▼
Other operating charges640/8€62k€81k▲
Non-recurring operating charges66A€179€386k▲
Operating profit (loss)9901€-686k€149k▲
Financial income75/76B€1.39M€2.36M▲
Recurring financial income75€1.39M€2.36M▲
Income from financial fixed assets750€1.29M€735k▼
Income from current assets751€0€1.49M▲
Other financial income752/9€93k€138k▲
Financial charges65/66B€1.83M€2.37M▲
Recurring financial charges65€825k€458k▼
Debt charges650€132k€222k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€531k€117k▼
Other financial charges652/9€162k€120k▼
Non-recurring financial charges66B€1.00M€1.91M▲
Profit (loss) for the period before taxes9903€-1.12M€144k▲
Income taxes67/77€295€4k▲
Taxes670/3€295€4k▲
Profit (loss) for the period9904€-1.12M€140k▲
Profit (loss) for the period to be appropriated9905€-1.12M€140k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7.00M€140k▲
Profit (loss) brought forward from the previous period14P€-5.88M-
Social balance
Average headcount (FTE)908741.142.6▲

The notes to these accounts (77 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

2025
22-12
State Gazette act Appointment: BDO (réviseur d'entreprises)
Permanent representative: Christophe COLSON · Registered-office move · Auditor fees5 facts ▸
  • General meeting, 04/07/2025
  • Auditor appointment, BDO (réviseur d'entreprises)
  • Permanent representative, Christophe COLSON
  • Registered-office move, 4000 Rocourt, 257 chaussée de Tongres
  • Auditor fees, 17.000€ HTVA par an
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
10-01
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital · Statutes amendment4 facts ▸
  • General meeting, 23/12/2024
  • Capital decrease, €6.999.404
  • Capital, €3.033.971
  • Statutes amendment
2024
31-12
Financial Back to profitnet €140k
Net result €140k after 5 loss-making years.
17-12
State Gazette act Resignations: Sébastien Boden (daily management delegate) and Georges Garic (director)
Appointment: Jean Mizrahi (managing director) · Director discharge6 facts ▸
  • General meeting, 02-12-2024
  • Director resignation, Sébastien Boden (daily management delegate)
  • Director discharge, Sébastien Boden
  • Director resignation, Georges Garic (director)
  • Director discharge, Georges Garic
  • Director appointment, Jean Mizrahi (managing director)
25-09
State Gazette act Appointments: Jean Mizrahi (director) and Georges Garic (director)
Mandate compensation5 facts ▸
  • General meeting, 23/08/2023
  • Director appointment, Jean Mizrahi (director)
  • Director appointment, Georges Garic (director)
  • Mandate compensation, Jean Mizrahi
  • Mandate compensation, Georges Garic
05-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 24 days late
09-05
State Gazette act Appointment: BDO réviseur d'entreprises SCC (réviseur d'entreprises)
Permanent representative: Christophe Colson3 facts ▸
  • General meeting, 30/06/2022
  • Auditor appointment, BDO réviseur d'entreprises SCC (réviseur d'entreprises)
  • Permanent representative, Christophe Colson
2022
08-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
28-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 181 days late
2021
30-04
State Gazette act Resignations: Christophe Lacroix (director) and David Deltour (director)
Appointments: Thierry Lescasse, Sébastien Boden and Wojciech Antoine Drzymala · Director discharge · Power of attorney10 facts ▸
  • General meeting, 25/09/2020
  • Board meeting, 18/12/2020
  • Director resignation, Christophe Lacroix (director)
  • Director discharge, Christophe Lacroix
  • Director resignation, David Deltour (director)
  • Director discharge, David Deltour
  • Director appointment, Thierry Lescasse (director)
  • Director appointment, Sébastien Boden (daily management delegate)
  • Director appointment, Wojciech Antoine Drzymala (daily management delegate)
  • Power of attorney, Sébastien Boden
Show earlier events
2020
31-12
Financial Weakest financial yearnet €-7.98M
Net result drops to €-7.98M, the lowest in the series; recovery starts the following year.
25-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
25-11
State Gazette act Restructuring
Demerger · Accounting effect2 facts ▸
  • Demerger
  • Accounting effect, 01/11/2019
04-09
State Gazette act Statutes amendment · Resignations & appointments
Name change · Statutes amendment · Capital5 facts ▸
  • General meeting, 01/08/2019
  • Name change, CinemaNext
  • Statutes amendment
  • Statutes amendment
  • Capital, €10.033.375
26-08
State Gazette act Appointment: BDO Réviseurs d'entreprises SCC (statutory auditor)
Permanent representative: Christophe Colson3 facts ▸
  • General meeting, 29/06/2019
  • Auditor appointment, BDO Réviseurs d'entreprises SCC (statutory auditor)
  • Permanent representative, Christophe Colson
23-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
State Gazette act Resignation: Till CUSSMANN (director)
Appointment: Georges GARIC (director) · Registered-office move · Capital8 facts ▸
  • General meeting, 08/06/2018
  • Registered-office move, 4670 Blegny (Belgique), Parc Artisanal de Barchon, Rue Princesse Astrid 1
  • Capital, euros 10.033.375
  • Director resignation, Till CUSSMANN (director)
  • Director discharge, Till CUSSMANN
  • Director appointment, Georges GARIC (director)
  • Mandate compensation, Georges GARIC
  • Power of attorney, Gérard INDEKEU
28-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
State Gazette act Reappointments: Jean Mizrahi, Christophe Lacroix and 2 others
Mandate compensation9 facts ▸
  • General meeting, 16/06/2017
  • Director reappointment, Jean Mizrahi (director)
  • Director reappointment, Christophe Lacroix (director)
  • Director reappointment, Till Cussmann (director)
  • Director reappointment, David Deltour (director)
  • Mandate compensation, Jean Mizrahi
  • Mandate compensation, Christophe Lacroix
  • Mandate compensation, Till Cussmann
  • Mandate compensation, David Deltour
30-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
24-03
State Gazette act Resignation: Pierre Flamant (director)
Appointments: David Deltour (director) and BDO Réviseurs d'entreprises SCC (statutory auditor) · Mandate compensation · Power of attorney8 facts ▸
  • General meeting, 15/02/2017
  • Board meeting, 15/02/2017
  • Director resignation, Pierre Flamant (director)
  • Director appointment, David Deltour (director)
  • Mandate compensation, David Deltour
  • Auditor appointment, BDO Réviseurs d'entreprises SCC (statutory auditor)
  • Power of attorney, David Deltour
  • Power of attorney, David Deltour
2016
29-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
07-01
State Gazette act Resignations: Christophe Piron (director) and Jean-Marie Dura (director)
Appointment: Till Cussmann (director) · Mandate compensation · Power of attorney10 facts ▸
  • General meeting, 31/03/2015
  • Director resignation, Christophe Piron (director)
  • General meeting, 20/05/2015
  • Director resignation, Jean-Marie Dura (director)
  • General meeting, 31/08/2015
  • Director appointment, Till Cussmann (director)
  • Mandate compensation, Till Cussmann
  • Board meeting, 01/09/2015
  • Power of attorney, Pierre Flamant
  • Power of attorney, Pierre Flamant
2014
04-11
State Gazette act Resignations: EVS Broadcast Equipment SA, Serge Plasch and 8 others
Appointments: Jean Mizrahi, Jean-Marie Dura and 3 others · Mandate compensation · Mandate end date29 facts ▸
  • General meeting, 20/10/2014
  • Board meeting, 20/10/2014
  • Director resignation, EVS Broadcast Equipment SA (director)
  • Director resignation, Serge Plasch (director)
  • Director resignation, SPARAXIS SA (director)
  • Director resignation, Bart Diels (director)
  • Director resignation, Industrielle des Cytises SA (director)
  • Director resignation, BIP Investment Partners SA (director)
  • Director resignation, Robert de Vogel (director)
  • Director appointment, Jean Mizrahi (director)
  • Director appointment, Jean-Marie Dura (director)
  • Director appointment, Christophe Lacroix (director)
  • +17 further facts in this act
04-11
State Gazette act Capital & shares
Power of attorney2 facts ▸
  • General meeting, 20/10/2014
  • Power of attorney, Pierre Flamant
21-10
State Gazette act Statutes amendment · Resignations & appointments
Statutes amendment · Contract3 facts ▸
  • General meeting, 28/8/2014
  • Statutes amendment
  • Contract, Securities Pledge Agreement dated 25 July 2014, parties: Pledgors, BNP Paribas Fortis SA/NV (Security Agent), Senior Alpha Pledgees, Beta Pledgee, Subordinated…
07-10
State Gazette act Capital & shares · Miscellaneous
General meeting1 fact ▸
  • General meeting, 28-08-2014
11-08
State Gazette act Restructuring
Merger · Dissolution · Accounting effect5 facts ▸
  • General meeting, 30/07/2014
  • Merger, absorption, 01/01/2014
  • Dissolution, 30-07-2014
  • Accounting effect, 01/01/2014
  • Power of attorney, Pierre FLAMANT
11-08
State Gazette act Restructuring
Merger · Accounting effect · Dissolution5 facts ▸
  • General meeting, 30/07/2014
  • Merger, absorption, 01/01/2014
  • Accounting effect, 01/01/2014
  • Dissolution, 30-07-2014
  • Power of attorney, Pierre FLAMANT
26-05
State Gazette act Restructuring
Merger · Capital · Accounting effect6 facts ▸
  • Board meeting, 14/05/2014
  • Merger
  • Capital, euros 10.033.375
  • Capital, euros 1.875.000
  • Accounting effect, 01/01/2014
  • Real estate, nee
26-05
State Gazette act Restructuring
Permanent representative: Eric Bauche · Merger · Accounting effect7 facts ▸
  • Board meeting, 14/05/2014
  • Merger
  • Accounting effect, 01/01/2014
  • Power of attorney, Pierre Flamant
  • Permanent representative, Eric Bauche
  • Capital, €10.033.375
  • Capital, €100.000
2013
01-10
State Gazette act Capital & shares · Statutes amendment
Share issue · Capital increase · Bank account5 facts ▸
  • Share issue, 25, 1.335,- €
  • Capital increase, €33.375
  • Bank account, BNP PARIBAS FORTIS
  • Capital, €10.033.375
  • Statutes amendment
28-06
State Gazette act Appointments: BDO Réviseurs d'entreprises SCC (statutory auditor) and Robert de Vogel (director)
Permanent representatives: Jacques Galloy, Accès Direct SA and 4 others · Resignation: Pierre Rion (director) · Reappointments: EVS Broadcast Equipment SA, Bart Diels and 4 others18 facts ▸
  • General meeting, 24/04/2013
  • Approval, comptes annuels sociaux pour l'exercice social clôturé au 31 décembre 2012
  • Director discharge, dcinex
  • Auditor appointment, BDO Réviseurs d'entreprises SCC (statutory auditor)
  • Permanent representative, Jacques Galloy
  • Permanent representative, Accès Direct SA
  • Permanent representative, Pierre Rion
  • Director resignation, Pierre Rion (director)
  • Director appointment, Robert de Vogel (director)
  • Director reappointment, EVS Broadcast Equipment SA (director)
  • Director reappointment, Bart Diels (director)
  • Director reappointment, Sparaxis SA (director)
  • +6 further facts in this act
2012
31-10
State Gazette act Resignations: Alain Keppens, Beaufagne SA and Robert Stéphane
Appointment: Bart Diels (director) · Permanent representative: Thierry Beauvois · Mandate compensation8 facts ▸
  • General meeting, 09-05-2012
  • Director resignation, Alain Keppens (director)
  • Director appointment, Bart Diels (director)
  • Director appointment, Bart Diels (director)
  • Mandate compensation, Bart Diels
  • Director resignation, Beaufagne SA (director)
  • Permanent representative, Thierry Beauvois
  • Director resignation, Robert Stéphane (director)
15-10
State Gazette act Appointments: INDUSTRIELLE DES CYTISES (director) and BIP Investment Partners (director)
Permanent representatives: Michel Delloye and Bruno LAMBERT · Name change · Capital decrease6 facts ▸
  • Name change, dcinex
  • Capital decrease, €28.905.050,92
  • Director appointment, INDUSTRIELLE DES CYTISES (director)
  • Permanent representative, Michel Delloye
  • Director appointment, BIP Investment Partners (director)
  • Permanent representative, Bruno LAMBERT
2010
09-03
State Gazette act Statutes amendment · Resignations & appointments
Approval · Share issue · Capital increase7 facts ▸
  • Approval, Approbation de l'« Investment Agreement », du « Subordinated Loan Agreement A » (clause 9.2), du « Subordinated Loan Agreement B » (clause 9.2) et du « Securiti…
  • Share issue, droits de souscription (warrants), 17108
  • Capital increase
  • Share issue, droits de souscription (warrants), 900
  • Capital increase
  • Statutes amendment
  • Capital, €38.905.050,92
85.2% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
25-01
State Gazette act Resignation: POWE CAPITAL MANAGEMENT LLP (director)
Permanent representative: POWE Rory Stephen · Appointment: KEPPENS Alain (director) · Capital increase7 facts ▸
  • Capital increase, €13.498.021,04
  • Share issue, actions sans désignation de valeur nominale, 15159
  • Statutes amendment, ARTICLE 2 - Siège social
  • Statutes amendment, ARTICLE 5 Montant et représentation
  • Director resignation, POWE CAPITAL MANAGEMENT LLP (director)
  • Permanent representative, POWE Rory Stephen
  • Director appointment, KEPPENS Alain (director)
2009
16-11
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 07/10/2009
  • Registered-office move, 4020 Liège (Belgique), rue de Mulhouse, 36
16-11
State Gazette act Resignation: AUDIOLUX (director)
Permanent representatives: SANTINO Giuseppe and Freddy MEURS · Appointment: SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DU BASSIN DE LIEGE (director) · Approval10 facts ▸
  • General meeting, 18/08/2009
  • Approval, Approbation des conditions et modalités des 'Transaction Documents' liés au 'Facility Agreement'
  • Power of attorney, Jacques GALLOY
  • Power of attorney, Serge PLASCH
  • Power of attorney, Pierre FLAMANT
  • Power of attorney, XDC
  • Director resignation, AUDIOLUX (director)
  • Permanent representative, SANTINO Giuseppe
  • Director appointment, SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DU BASSIN DE LIEGE (director)
  • Permanent representative, Freddy MEURS
2008
21-01
State Gazette act Resignation: G.CONSULTING (director)
Permanent representatives: Guillaume de VERGES and SANTINO Giuseppe · Appointments: AUDIOLUX (director) and PLASCH Serge Charles (director) · Share issue12 facts ▸
  • Share issue, émission d'un emprunt obligataire représenté par 5 616 obligations nominatives assorties chacune d'un droit de souscription (warrant) détachable
  • Bank account, 001-5413460-63
  • Statutes amendment
  • Director resignation, G.CONSULTING (director)
  • Permanent representative, Guillaume de VERGES
  • Director appointment, AUDIOLUX (director)
  • Permanent representative, SANTINO Giuseppe (permanent representative)
  • Director appointment, PLASCH Serge Charles (director)
  • Mandate compensation, AUDIOLUX
  • Mandate compensation, PLASCH Serge Charles
  • Mandate term, fin immédiatement après l'assemblée générale annuelle de deux mil dix
  • Mandate term, fin immédiatement après l'assemblée générale annuelle de deux mil dix
2007
21-05
State Gazette act Registered office · Capital & shares · Statutes amendment
Registered-office move · Statutes amendment · Share-buyback authorisation4 facts ▸
  • Registered-office move, 4031 Angleur (Belgique), avenue du Pré Aily, 6
  • Statutes amendment
  • Share-buyback authorisation, 18 months, 5000 EUR
  • General meeting, 25/04/2007
2006
24-07
State Gazette act Resignation: DUMBRUCH Jean (director)
Permanent representatives: DUMBRUCH Jean and POWE Rory Stephen · Appointment: POWE CAPITAL MANAGEMENT LLP (director) · Capital increase8 facts ▸
  • Capital increase, €12.484.830,4
  • Bank account, 340-1033502-05
  • Capital, €25.407.029,88
  • Statutes amendment
  • Director resignation, DUMBRUCH Jean (director)
  • Permanent representative, DUMBRUCH Jean (permanent representative)
  • Director appointment, POWE CAPITAL MANAGEMENT LLP (director)
  • Permanent representative, POWE Rory Stephen (permanent representative)
2005
28-01
State Gazette act Appointments: MINGUET Laurent, RION Pierre and 9 others
Permanent representatives: BODSON Francis, BEAUVOIS Thierry and 3 others · Share issue · Capital increase25 facts ▸
  • General meeting, 16/12/2004
  • Share issue, 8500, 9 old for 85 new
  • Capital increase, €8.950.000
  • Share issue, warrants, 918
  • Capital, €9.920.799,48
  • Statutes amendment
  • Director appointment, MINGUET Laurent (director)
  • Director appointment, RION Pierre (director)
  • Director appointment, CLAUSSE dit STEPHANE Robert (director)
  • Director appointment, DUMBRUCH Jean (director)
  • Director appointment, GALLOY Jacques (director)
  • Director appointment, EVS BROADCAST EQUIPMENT (director)
  • +13 further facts in this act
2004
22-11
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Capital4 facts ▸
  • Capital increase, €870.799,48
  • Share issue, 800, 1.088,50€
  • Capital, €970.799,48
  • Statutes amendment
20-09
State Gazette act Restructuring · Miscellaneous
Board meeting1 fact ▸
  • Board meeting, 08/09/2004
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
15 directors, last change in 2024
Wojciech Antoine Drzymala
Daily management delegate · since 30-04-2021
Current
Thierry Lescasse
Director · since 01-09-2020
Current
Jean Mizrahi
Managing director · since 20-10-2014
Current
Christophe Lacroix
Director · since 20-10-2014
Not recently confirmed
EVS BROADCAST EQUIPMENT
Director · Public limited company · perm. rep.: Jacques Galloy
Not recently confirmed
Industrielle des Cytises
Director · Legal entity · perm. rep.: Michel Delloye
Not recently confirmed
9 other directors
SPARAXIS
Director · Public limited company · perm. rep.: Eric Bauche
Not recently confirmed
BIP Investment Partners
Director · since 21-09-2012 · Legal entity · perm. rep.: Bruno LAMBERT
Not recently confirmed
NOSHAQ
Director · since 16-11-2009 · Public limited company · perm. rep.: Freddy MEURS
Not recently confirmed
BEAUFAGNE
Director · since 16-12-2004 · Legal entity · perm. rep.: BEAUVOIS Thierry
Not recently confirmed
BGL Investment Partners
Director · since 16-12-2004 · Legal entity · perm. rep.: FABER Marc
Not recently confirmed
EVS BROADCAST EQUIPMENT
Director · since 16-12-2004 · Legal entity · perm. rep.: BODSON Francis
Not recently confirmed
GALLOY Jacques
Director · since 16-12-2004
Not recently confirmed
MINGUET Laurent
Director · since 16-12-2004
Not recently confirmed
PARTNERS @ VENTURE
Director · since 16-12-2004 · Legal entity · perm. rep.: SYNAEGHEL Luc
Not recently confirmed
02-12-2024 Jean Mizrahi: Appointed as Managing director
15-11-2024 Georges Garic: Resigned as Director
26-04-2023 Jean Mizrahi: Appointed as Director
26-04-2023 Georges Garic: Appointed as Director
31-12-2021 Sébastien Boden: Resigned as Daily management delegate
Full history in the Timeline (59 changes) →
Not every act has been read: a resignation may be missing here
1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2004
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.

Chaussée de Tongres 2574000 Liège
Ground area
8,901 m²
Building footprint
1,813 m²
Volume, LiDAR
9,264 m³
2 parcels, Wallonia · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XDC
Avenue Pré-Aily 6, 4031 LiègeOther manufacturing
since 20042.137.801.212
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62002C0005/00R000 Wallonia 6,817 m² 1 · 1,386 m² 14.6 m · 2 fl.
62087B0246/00C010 Wallonia 2,084 m² 1 · 427 m² 7.7 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
BDOCurrent
Réviseur d'entreprises
22-12-2025 → present
Show 3 earlier auditors
BDO réviseur d'entreprises SCC
Réviseur d'entreprises · represented by Christophe Colson
succeeded by BDO in 2025
09-05-2023 → 22-12-2025
BDO Réviseurs d'entreprises SCC
Statutory auditor · represented by Christophe Colson
succeeded by BDO réviseur d'entreprises SCC in 2023
28-06-2013 → 09-05-2023
Ernst & Young Réviseurs d'entreprises
Statutory auditor
succeeded by BDO Réviseurs d'entreprises SCC in 2013
28-01-2005 → 28-06-2013

Articles of association

Purpose
L'objet social est repris dans la dernière version des statuts coordonnés en date du 28 août 2014... L'analyse d'opportunité, le développement, la commercialisation, la location et…
Full purpose

L'objet social est repris dans la dernière version des statuts coordonnés en date du 28 août 2014... L'analyse d'opportunité, le développement, la commercialisation, la location et l'exploitation de matériel audiovisuel...

according to the deed of 25-11-2019

Structure & network

Connections & network

55 connected companies
ACCES DIRECT, Shared director ADACCES DIRECTADVIESBEHEER GIMV HEALTH & CARE 2013, Shared director AGADVIESBEHEERGIMV HEALTH &…Adviesbeheer Gimv Health & Care 2016, Shared director AGAdviesbeheerGimv Health &…BANQUE CPH, Shared director BCBANQUE CPHBLONDEN PARKING, Shared director BPBLONDENPARKINGCLEAR2PAY, Shared director CCLEAR2PAYCPM PARTNERS, Shared director CPCPM PARTNERSDown2Earth Capital, Shared director DCDown2EarthCapitalDown2Earth Capital II, Shared director DCDown2EarthCapital IIDown2Earth Investment Fund, Shared director DIDown2EarthInvestment FundDUOMED BELGIUM, Shared director DBDUOMED BELGIUMEPM ACADEMY, Shared director EAEPM ACADEMYFONDS DE LA RECHERCHE SCIENTIFIQUE-FNRS, Shared director FDFONDS DE LARECHERCHE…FONDS FEDERAL DE LA RECHERCHE SCIENTIFIQUE, Shared director FFFONDS FEDERALDE LA…CinemaNext CinemaNext0865.818.337
Shared directors
Linked via shared directors
ACCES DIRECT
Shared director
→
BANQUE CPH
Shared director
→
Show 51 more companies with a shared director
BLONDEN PARKING
Shared director
→
CLEAR2PAY
Shared director
→
CPM PARTNERS
Shared director
→
Down2Earth Capital
Shared director
→
Down2Earth Capital II
Shared director
→
→
DUOMED BELGIUM
Shared director
→
EPM ACADEMY
Shared director
→
HORIZON CONSTRUCT
Shared director
→
Hydrogen Europe
Shared director
→
Invest Minguet Gestion
Shared director
→
IPM Group
Shared director
→
→
LE POLE IMAGE DE LIEGE
Shared director
→
LES NEWS 24
Shared director
→
NOSHAQ EUROPE 3
Shared director
→
NOSHAQ VENTURE
Shared director
→
OncoDNA
Shared director
→
PAIRI DAIZA
Shared director
→
PHENIX DATA CENTER
Shared director
→
PROXIMUS
Shared director
→
PUNCH POWERTRAIN
Shared director
→
→
SOMNIS BEDDING
Shared director
→
Sperto
Shared director
→
TRASIS
Shared director
→
VK Global
Shared director
→
Wallonie Data Center
Shared director
→
Wallonie Entreprendre
Shared director
→
YAGO
Shared director
→
Yamabiko Europe
Shared director
→
→
AMPACIMON
Shared corporate director
→
AQUATIC SCIENCE
Shared corporate director
→
BIO-SOURCING
Shared corporate director
→
HOLDING PCS
Shared corporate director
→
ID CAMPUS ASBL
Shared corporate director
→
INVENTURES
Shared corporate director
→
LEANSQUARE
Shared corporate director
→
NAMUR INVEST INNOVATION ET CROISSANCE
Shared corporate director
→
NOSHAQ IMMO
Shared corporate director
→
NOSHAQ SPIN-OFFS
Shared corporate director
→
NSI IT Software & Services
Shared corporate director
→
PROCO-IMMO
Shared corporate director
→
QUAEROQ
Shared corporate director
→

Ownership & control

1 parent company · 1 subsidiary, 1 abroad
Control over this companyparent company per the LEI register1
YMAGIS
Paris, France · LEI lapsed
controls
CinemaNextBE 0865.818.337
controls
Where this company holds controlsubsidiary per the LEI register1
CINEMANEXT SPAIN SA
Paterna, Spain

Acquisitions and mergers

3 transactions
Took over:dcinex Alpha
BE 0806.908.653merger by absorption · State Gazette act of 11-08-2014 (2 acts)
Took over:dcinex Beta
BE 0806.913.997merger by absorption · State Gazette act of 11-08-2014 (2 acts)
Split off to:Eclair Logistics Belgium
proposal · State Gazette act of 25-11-2019

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 24-07-2006 ↗
  • POWE CAPITAL MANAGEMENT LLP 3,199 shares · 5,499,720.80 EUR
  • INVEST MINGUET GESTION 58 shares · 99,713.60 EUR
  • BIP Investment Partners 1,222 shares · 2,100,862.40 EUR
  • VIVIUM LIFE 624 shares · 1,072,780.80 EUR
  • PARTNERS @ VENTURE 312 shares · 536,390.40 EUR
  • COMPAGNIE DU BOIS SAUVAGE 208 shares · 357,593.60 EUR
  • AUDIOLUX 208 shares · 357,593.60 EUR
  • BEAUFAGNE 73 shares · 125,501.60 EUR
  • SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DU BASSIN DE LIEGE 125 shares · 214,900 EUR
  • RION Pierre Henri 29 shares · 49,856.80 EUR
  • de SCHAETZEN van BRIENEN Nicolas, Jacques, Albert Marie Ghislain 29 shares · 49,856.80 EUR
  • G.CONSULTING 12 shares · 20,630.40 EUR
  • EVS BROADCAST EQUIPMENT 1,163 shares · 1,999,429.60 EUR
After the capital increase act of 28-01-2005 ↗
  • EVS BROADCAST EQUIPMENT 2,000 shares · 2,000,000 EUR
  • IMG 500 shares · 500,000 EUR
  • BGL Investment Partners 2,000 shares · 2,000,000 EUR
  • VIVIUM LIFE 1,500 shares · 1,500,000 EUR
  • PARTNERS @ VENTURE 750 shares · 750,000 EUR
  • COMPAGNIE MOBILIERE & FONCIERE DU BOIS SAUVAGE 500 shares · 500,000 EUR
  • AUDIOLUX 500 shares · 500,000 EUR
  • BEAUFAGNE 300 shares · 300,000 EUR
  • MEUSINVEST 300 shares · 300,000 EUR
  • RION Pierre 250 shares · 250,000 EUR
  • de SCHAETZEN van BRIENEN Nicolas 250 shares · 250,000 EUR
  • G CONSULTING 100 shares · 100,000 EUR

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 10-01-2025 Capital reduction of 6,999,404 EUR · to 3,033,971 EUR · to absorb losses
  2. 04-09-2019 Capital stated in 3 acts · 10,033,375 EUR
  3. 01-10-2013 Capital increase of 33,375 EUR · to 10,033,375 EUR
  4. 15-10-2012 Capital reduction of 28,905,050.92 EUR · to 10,000,000 EUR · to absorb losses
  5. 09-03-2010 Capital stated in the act · 38,905,050.92 EUR · 39,871 shares
  6. 25-01-2010 Capital increase of 13,498,021.04 EUR · to 38,905,050.92 EUR · 15,159 new shares · in kind
  7. 24-07-2006 Capital increase of 12,484,830.40 EUR · to 25,407,029.88 EUR · 7,262 new shares
  8. 28-01-2005 Capital increase of 8,950,000 EUR · to 9,920,799.48 EUR · 8,950 new shares
Show 1 older capital entries
  1. 22-11-2004 Capital increase of 870,799.48 EUR · to 970,799.48 EUR · 800 new shares

Recognitions · licences · registrations

Legal Entity Identifier

549300OMTPUTL8VMUN71
no longer live in the LEI register

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ARF EN YES
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Of 3,396 companies in sector 90393 we hold annual accounts for 940. 148 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
Founded08-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
59130Motion picture, video and television programme production, sound recording and music publishing activities
90393Specialised image, lighting and sound technical services
58190Other publishing activities, excluding software publishing
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

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