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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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
CINQ - INVEST from Brussel, company number BE0440041587, closed financial year 2024 with a result of € -150,816 after tax. For that financial year CINQ - INVEST recorded a gross margin of € 443,575 and equity of € -1.1 million. Compared with financial year 2023, the result moved from € -474,089 to € -150,816. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 27, 2025.
€ -1.1 million
▼ € 150,816 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -150,816
▲ 68 % less loss than in 2023
Profit after tax over the fiscal year.
€ 18,022
▼ 91% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2024
7.1
▲ 3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 225,656
▲ 125% vs 2023
€ 31,800 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.
€ 439
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 6.9 million
▲ 24% vs 2023
€ 68,348 is repaid this year. At this pace the long-term loan is gone in ≈ 100 years.
€ 113,169
▼ 17% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 344,144
▼ 13% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -300,254 | € -102,108 | € 443,575 | ▲ € 545,683 |
| Profit after taxes | € -817,338 | € -474,089 | € -150,816 | ▲ € 323,273 |
| Equity | € -468,340 | € -942,428 | € -1,093,244 | ▼ € 150,816 |
| Total debts | € 2,704,392 | € 6,513,474 | € 7,952,450 | ▲ 22% |
| Cash | € 222,319 | € 194,345 | € 18,022 | ▼ 91% |
| Land & buildings | € 480,740 | € 2,001,727 | € 2,089,657 | ▲ 4% |
| Retained profit | € -801,720 | € -1,275,808 | € -1,426,624 | ▼ € 150,816 |
| Bank debt | € 2,336,938 | € 5,530,736 | € 6,856,343 | ▲ 24% |
| Balance sheet total | € 2,236,052 | € 5,571,046 | € 6,859,206 | ▲ 23% |
| Employees (FTE) | 0 | 4.1 | 7.1 | ▲ 3 |
Key figures of CINQ - INVEST, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CINQ - INVEST?
What happened at CINQ - INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 150,816. filed late Source: NBB ↗
- Galith Saada became a director. NBB
- Minas Terlidis became a director. NBB
- Oren Saada became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 817,338 loss in 2022 to € 150,816 loss in 2024.
Paid € 15,846 in corporate taxes since 2022.
On average € 62,500 of value added per employee in 2024.
A new publication or filing at CINQ - INVEST? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CINQ - INVEST are Galith Saada, Minas Terlidis and Oren Saada. The same people are also behind NAYTON. Minas Terlidis is also behind Un Huit Hotels.
Directors
According to the 2024 annual accounts
since 2023
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Begijnhofstraat 38
1000 Brussel
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
- 0440.041.587
- VAT number
- BE 0440.041.587
- Registered office
- Begijnhofstraat 38, 1000 Brussel
- Names & denominations
- CINQ - INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 January 1990
- Peppol
- Active · Active since 17 Mar 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Hotels en motels, met restaurant
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis