Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 1 to 0.2.
Financials
Financial year 2025
CINQO from Sint-Martens-Latem, company number BE0430081865, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year CINQO recorded a gross margin of € 169,688 and equity of € 69.2 million. Compared with financial year 2024, the result moved from € 626,248 to € 1.9 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 69.2 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ 210% vs 2024
Profit after tax over the fiscal year.
€ 16.9 million
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0.2
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4,871
▼ 79% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,121
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,339
▲ € 7,332 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 87,514
▲ € 66,881 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -122,293 | € 46,423 | € 72,660 | € 169,688 | ▲ 134% |
| Profit after taxes | € -527,359 | € 913,388 | € 626,248 | € 1,943,762 | ▲ 210% |
| Equity | € 70,959,705 | € 70,454,144 | € 70,571,459 | € 69,231,082 | ▼ 2% |
| Total debts | € 102,008 | € 1,500,399 | € 886,164 | € 3,409,098 | ▲ 285% |
| Cash | € 7,667,314 | € 15,012,210 | € 17,067,525 | € 16,889,682 | ▼ 1% |
| Land & buildings | € 3,635,209 | € 3,537,408 | € 3,448,061 | € 3,359,990 | ▼ 3% |
| Retained profit | € 69,629,705 | € 69,124,144 | € 69,241,459 | € 67,901,082 | ▼ 2% |
| Dividend | € 0 | € 1,418,949 | € 508,933 | € 3,284,139 | ▲ € 2.8 million |
| Balance sheet total | € 71,149,283 | € 72,033,375 | € 71,528,402 | € 72,702,905 | ▲ 2% |
| Employees (FTE) | 0.8 | 1 | 0.8 | 0.2 | ▼ 0.6 |
Key figures of CINQO, 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 CINQO?
What happened at CINQO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nicolas De Quinnemar stepped down as director. NBB
- Ann De Raedt stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million (▲ 210% vs 2024). Source: NBB ↗
- Nicolas De Quinnemar became a director. NBB
- Ann De Raedt became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 527,359 loss in 2022 to € 1.9 million profit in 2025.
Paid € 283,243 in corporate taxes since 2022.
Best year ever: 2025, with € 1.9 million profit.
On average € 46,400 of value added per employee in 2023.
Management
It owns 28.6% of Black Panther NV, 20.2% of Athmos Capital NV, 10.9% of Forpar NV, 10% of Athmos Investments BV and 10% of SCC I NV itself.
Directors
According to the 2025 annual accounts
Nicolas De Quinnemar
Managing director
Also active at: PATIGNY, FORUM JOBS, INCENDIN, ATHMOS CAPITAL, STRACO REAL ESTATE, ForPar, 3SAG, SJEVAL BLAN +16 more
since 2020 · until 2026
Ann De Raedt
Managing director
Also active at: NEDCO, Verheyden, F.I.M., HET SWYN ofte OUDE HAVEN, SOCIETE DE GERANCE DE ROMEREE BUYS & CO, STRACO REAL ESTATE, G&P VENTURE, SEQUOIA GM, QUINQUIES +8 more
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Pontstraat 83
9831 Sint-Martens-Latem
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
- 0430.081.865
- VAT number
- BE 0430.081.865
- Registered office
- Pontstraat 83, 9831 Sint-Martens-Latem
- Names & denominations
- CINQO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1986
- Peppol
- Active · Active since 8 Jul 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen