Financials
Financial year 2025
CINNAMON PROJECT from Menen, company number BE0758515353, closed financial year 2025 with a result of € 42 after tax. For that financial year CINNAMON PROJECT recorded revenue of € 126,320 and equity of € 20,751. Compared with financial year 2024, the result moved from € 2,398 to € 42. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 6, 2026.
€ 20,751
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 1,166
▼ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 14,751.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 16,344
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 10,932
▼ 24% vs 2024
€ 7,843 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 35,576
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,868
▲ 34% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 69,547 | - | - | € 126,320 | |
| Gross margin | € 19,341 | € 18,734 | € 19,115 | € 17,625 | ▼ 8% |
| Profit after taxes | € 11,456 | € 855 | € 2,398 | € 42 | ▼ 98% |
| Equity | € 11,456 | € 18,311 | € 20,709 | € 20,751 | |
| Total debts | € 20,780 | € 50,648 | € 70,970 | € 52,375 | ▼ 26% |
| Cash | € 5,074 | € 13,190 | € 6,778 | € 1,166 | ▼ 83% |
| Retained profit | € 11,456 | € 12,311 | € 14,709 | € 14,751 | |
| Bank debt | € 0 | € 0 | € 14,452 | € 10,932 | ▼ 24% |
| Balance sheet total | € 32,237 | € 68,959 | € 91,679 | € 73,126 | ▼ 20% |
Key figures of CINNAMON PROJECT, 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 January 2027.
What happened to CINNAMON PROJECT?
What happened at CINNAMON PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 42 (▼ 98% vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Ignace MAERTENS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 11,456 profit in 2022 to € 42 profit in 2025.
Paid € 14,805 in corporate taxes since 2022.
Best year ever: 2022, with € 11,456 profit.
Management
Behind CINNAMON PROJECT is Ignace MAERTENS.
Directors
According to the 2025 annual accounts
Ignace MAERTENS
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Rekkemstraat 140 box 9
8930 Menen
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
- 0758.515.353
- VAT number
- BE 0758.515.353
- Registered office
- Rekkemstraat 140 bus 9, 8930 Menen
- Names & denominations
- CINNAMON PROJECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 November 2020
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Algemene bouw van residentiële gebouwen
Overige bouwinstallatie
Dakwerkzaamheden
Organisatie van congressen en beurzen
Algemene elektrotechnische installatiewerken
Catering van evenementen
Sanitaire werkzaamheden
Overige bouwinstallatie, n.e.g.