Financials
Financial year 2025
CINOCO -LE PALAIS DU VIN from Nivelles, company number BE0402850106, closed financial year 2025 with a result of € 438,532 after tax. For that financial year CINOCO -LE PALAIS DU VIN recorded revenue of € 23.7 million and equity of € 13.9 million. Compared with financial year 2024, the result moved from € 717,568 to € 438,532. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 13.9 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 438,532
▼ 39% vs 2024
Profit after tax over the fiscal year.
€ 487,198
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 252,500 paid out
58 % of the profit went to the shareholders, mostly to HNBS 1691 (65 % of the shares). That is where the money ends up.
People and assets in 2025
38.6
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▼ 1% vs 2024
€ 71,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 344,748
▲ 95% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.8 million
▼ 15% vs 2024
€ 750,088 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 4.6 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
€ 1 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 27,198,391 | € 25,809,044 | € 25,562,020 | € 23,723,954 | ▼ 7% |
| Profit after taxes | € 1,101,411 | € 323,599 | € 717,568 | € 438,532 | ▼ 39% |
| Equity | € 13,999,088 | € 13,295,532 | € 13,697,995 | € 13,867,970 | ▲ 1% |
| Total debts | € 13,068,114 | € 16,454,172 | € 15,260,494 | € 13,243,029 | ▼ 13% |
| Cash | € 1,109,142 | € 514,609 | € 2,145,053 | € 487,198 | ▼ 77% |
| Land & buildings | € 6,840,618 | € 6,570,792 | € 6,340,382 | € 6,104,794 | ▼ 4% |
| Retained profit | € 11,696,423 | € 11,010,022 | € 11,429,640 | € 11,615,672 | ▲ 2% |
| Dividend | € 727,200 | € 1,010,000 | € 297,950 | € 252,500 | ▼ 15% |
| Bank debt | € 6,036,521 | € 8,239,762 | € 6,792,929 | € 5,791,289 | ▼ 15% |
| Balance sheet total | € 27,998,925 | € 30,650,378 | € 29,828,115 | € 27,949,576 | ▼ 6% |
| Employees (FTE) | 40.6 | 41 | 39 | 38.6 | ▼ 0.4 |
Key figures of CINOCO -LE PALAIS DU VIN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CINOCO -LE PALAIS DU VIN?
What happened at CINOCO -LE PALAIS DU VIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Natasha Nolet de Brauwere stepped down as director. NBB
- Joline Nolet de Brauwere Van Steeland stepped down as director. NBB
- Leopold Nolet de Brauwere Van Steeland stepped down as director. NBB
- Guillaume Nolet de Brauwere Van Steeland stepped down as director. NBB
- Carl Ivan Nolet de Brauwere stepped down as director. NBB
- Gilles Nolet de Brauwere van Steeland stepped down as director. NBB
- Ivan Nolet de Brauwere van Steeland stepped down as director. NBB
- Etienne Bizot stepped down as director. NBB
In short
From € 1.1 million profit in 2022 to € 438,532 profit in 2025.
Paid € 581,462 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Paid out € 2.3 million in dividends to the owners in total.
Management
The stake of HNBS 1691 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CINOCO -LE PALAIS DU VINThe shares are held by HNBS 1691 (65%). It owns 100% of Magnus Kwaliteitswijnen, 100% of VINOSELECT, 98% of F.X. De Beukelaer and 4.1% of INVINEO itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Joline Nolet de Brauwere Van Steeland
Director
since 2023 · until 2029
Leopold Nolet de Brauwere Van Steeland
Director
Also active at: F.X. DE BEUKELAER – ELIXIR D’ANVERS, MAGNUS KWALITEITSWIJNEN, Blueberry LNB
since 2023 · until 2029
Guillaume Nolet de Brauwere Van Steeland
Director
Also active at: MAGNUS KWALITEITSWIJNEN, OCAMA DYNAMICS
since 2023 · until 2029
since 2023 · until 2029
Gilles Nolet de Brauwere van Steeland
Managing director
Also active at: F.X. DE BEUKELAER – ELIXIR D’ANVERS, HNBS 1691, MAGNUS KWALITEITSWIJNEN, IGNB
since 2023 · until 2029
Ivan Nolet de Brauwere van Steeland
Managing director
Also active at: F.X. DE BEUKELAER – ELIXIR D’ANVERS, MAGNUS KWALITEITSWIJNEN
since 2023 · until 2029
Etienne Bizot
Director
since 2023 · until 2029
Shareholders
65%
Participations
Establishments
Establishment units
Physical locations of this company
Avenue Robert Schuman 91
1400 Nivelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.850.106
- VAT number
- BE 0402.850.106
- Registered office
- Avenue Robert Schuman 91, 1400 Nivelles
- Names & denominations
- CINOCO -LE PALAIS DU VIN · CINOCO ou LE PALAIS DU VIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 July 1955
- Peppol
- Active · Active since 30 Mar 2026
- Activities · NACE
Groothandel in wijnen en geestrijke dranken