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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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CINICO from Waasmunster, company number BE0466395103, closed financial year 2025 with a result of € -13,724 after tax. For that financial year CINICO recorded a gross margin of € 208,271 and equity of € 134,498. Compared with financial year 2024, the result moved from € 11,389 to € -13,724. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 10, 2026.
€ 134,498
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,724
▼ still € 11,389 profit in 2024
Profit after tax over the fiscal year.
€ 4,306
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 114,038.
Debts at end 2025
€ 969,619
▼ 9% vs 2024
€ 105,475 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 19,665
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 192,458 | € 194,737 | € 223,596 | € 208,271 | ▼ 7% |
| Profit after taxes | € 61,652 | € 14,274 | € 11,389 | € -13,724 | ▼ € 25,113 |
| Equity | € 120,486 | € 136,833 | € 148,222 | € 134,498 | ▼ 9% |
| Total debts | € 3,742,938 | € 3,471,353 | € 1,145,348 | € 994,284 | ▼ 13% |
| Cash | € 14,847 | € 70,230 | € 18,106 | € 4,306 | ▼ 76% |
| Land & buildings | € 1,500,000 | € 1,350,000 | € 1,200,000 | € 1,050,000 | ▼ 12% |
| Retained profit | € 101,886 | € 118,233 | € 129,622 | € 114,038 | ▼ 12% |
| Bank debt | € 1,284,892 | € 1,184,405 | € 1,069,043 | € 969,619 | ▼ 9% |
| Balance sheet total | € 3,874,438 | € 3,614,924 | € 1,298,106 | € 1,131,115 | ▼ 13% |
Key figures of CINICO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CINICO?
What happened at CINICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,724 (▼ € 25,113 vs 2024). Source: NBB ↗
- New establishment in Zemst. KBO
- Start of the company according to the CBE. KBO
In short
From € 61,652 profit in 2022 to € 13,724 loss in 2025.
Paid € 6,000 in corporate taxes since 2022.
Best year ever: 2022, with € 61,652 profit.
Management
The stake of DOMUS G comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CINICOBehind CINICO are Luc GOETHALS and Frédéric GOETHALS. The shares are held by DOMUS G (100%).
Directors
According to the 2025 annual accounts
Luc GOETHALS
Director
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nijverheidslaan 76
9250 Waasmunster
Hoge Buizen 11
1980 Zemst
Active since 5 January 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →DOMUS G same network
€ 1.2 million gross margin · 2025
LUC GOETHALS PROMOTOR same network
€ 75,986 gross margin · 2025
Goethals Invest
€ 1.7 million gross margin · 2025
TV VALOIS CONSTRUCT
Coast Lane Invest
€ 675,350 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.395.103
- VAT number
- BE 0466.395.103
- Registered office
- Nijverheidslaan 76, 9250 Waasmunster
- Names & denominations
- CINICO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1999
- Peppol
- Active · Active since 19 Dec 2025