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 35.7 to 20.8.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
CINTRA - LANDEN from Landen, company number BE0439097917, closed financial year 2025 with a result of € 257,626 after tax. For that financial year CINTRA - LANDEN recorded revenue of € 2 million and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 101,257 to € 257,626. Profitable, and profit is growing. 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 29, 2026.
€ 4.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 257,626
▲ 154% vs 2024
Profit after tax over the fiscal year.
€ 125,000 paid out
49 % of the profit went to the shareholders, mostly to Keolis Vlaanderen (100 % of the shares). That is where the money ends up.
People and assets in 2025
20.8
▼ 13.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 42% vs 2024
€ 61,400 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.
€ 3,271
▼ € 937,112 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20,478
▼ 98% vs 2024
€ 9,805 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 31,902
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 11 days on average.
€ 229,385
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,031,770 | € 4,235,271 | € 3,786,795 | € 2,036,666 | ▼ 46% |
| Profit after taxes | € 419,777 | € 497,627 | € 101,257 | € 257,626 | ▲ 154% |
| Equity | € 4,557,967 | € 4,555,594 | € 4,656,851 | € 4,789,477 | ▲ 3% |
| Total debts | € 1,178,491 | € 1,461,288 | € 1,524,991 | € 430,770 | ▼ 72% |
| Retained profit | € 4,451,717 | € 4,449,344 | € 4,550,601 | € 4,683,227 | ▲ 3% |
| Dividend | € 210,000 | € 500,000 | € 0 | € 125,000 | |
| Bank debt | € 360,546 | € 281,078 | € 986,591 | € 20,478 | ▼ 98% |
| Balance sheet total | € 5,736,457 | € 6,016,882 | € 6,181,842 | € 5,220,247 | ▼ 16% |
| Employees (FTE) | 36.2 | 35.7 | 34.3 | 20.8 | ▼ 13.5 |
Key figures of CINTRA - LANDEN, 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 CINTRA - LANDEN?
What happened at CINTRA - LANDEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maarten Voetelink stepped down as director. NBB
- John Thijs stepped down as director. NBB
- Philippe Docx stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 257,626 (▲ 154% vs 2024). Source: NBB ↗
- Roland Valenta stepped down as director. NBB
- Maarten Voetelink became a director. NBB
- CREAD BV stepped down as director. NBB
- John Thijs became a director. NBB
In short
From € 419,777 profit in 2022 to € 257,626 profit in 2025.
Paid € 446,593 in corporate taxes since 2022.
Best year ever: 2023, with € 497,627 profit.
Paid out € 835,000 in dividends to the owners in total.
Management
The shares are held by Keolis Vlaanderen (100%) and KEOLIS SA (0%).
Directors
According to the 2025 annual accounts
Maarten Voetelink
Director
Also active at: Modern Toerisme, AUTOBUS DONY, HEYERICK, Autobussen De Reys, Van Rompaye, RENIERS & C°, GINO - TOURS, EUROBUSSING WALLONIE +6 more
since 2025 · until 2028
since 2023 · until 2026
Philippe Docx
Director
Also active at: Modern Toerisme, HEYERICK, Garage du Perron, T.C.M. Cars, Keolis Travel, Autobussen De Reys, Compagnie des Autobus liégeois, Van Rompaye +10 more
since 2024 · until 2027
John Thijs
Director
since 2025 · until 2028
Director · represented by Dirk Hellemans
Also active at: Modern Toerisme, AUTOBUS DONY, HEYERICK, Autobussen De Reys, Van Rompaye, RENIERS & C°, GINO - TOURS, DE TURCK +4 more
since 2021 · until 2025
Shareholders
100%
KEOLIS SA
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Roosveld 2126
3400 Landen
Roosveld 21-26
3400 Landen
Active since 15 December 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0439.097.917
- VAT number
- BE 0439.097.917
- Registered office
- Roosveld 2126, 3400 Landen
- Names & denominations
- CINTRA - LANDEN · CINTRAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1989
- Peppol
- Active · Active since 2 Sept 2023
- Activities · NACE
Personenvervoer over de weg volgens dienstregeling
Stedelijk en voorstedelijk personenvervoer
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten
Activiteiten van auto- en motorrijscholen