ACTIVE

Cintra

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Financial year 2025 · closed on 31/12/2025

Net result

-767 k €

-196.8% YoY

Revenue

7,5 M €

+16.0% YoY

Equity

4,5 M €

-14.5% YoY

Workforce

76,2 ETP

+6.4% YoY

What does Cintra do?

Cintra is a Public limited company incorporated in 1959. Its main activity is: Urban and suburban passenger land transport. Its registered office is in Ramillies. It employs on average 76,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.934.553

Incorporation

28/08/1959

Legal form

Public limited company

Registered office

Place de la Gare 11
1367 Ramillies · WallonieSee on map

Contributed capital

300 000,00 €

Latest accounts

31/12/2025

Average workforce

76,2 ETP

Activities (NACE)

49310Urban and suburban passenger land transport· main 49310Urban and suburban passenger land transport 60211Television programming and broadcasting activities 60212Television programming and broadcasting activities

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	7,5 M €	+16.0%	6,5 M €	+11.4%	5,8 M €	+11.3%	5,2 M €	+6.2%	4,9 M €	-4.7%	5,2 M €	+27.8%	4 M €	-3.6%	4,2 M €	+1.0%	4,2 M €	+1.8%	4,1 M €	+5.1%	3,9 M €	+8.2%	3,6 M €	+2.2%	3,5 M €	+5.3%	3,3 M €	+6.5%	3,1 M €
EBITDA	226,3 k €	-19.6%	281,5 k €	-4.4%	294,6 k €	-37.6%	471,7 k €	-11.7%	534,4 k €	+44.7%	369,3 k €	-51.2%	757 k €	-32.9%	1,1 M €	+48.8%	758,3 k €	-5.8%	805 k €	-22.1%	1 M €	+9.5%	943,2 k €	+14.3%	824,9 k €	+49.6%	551,5 k €	-18.8%	679,2 k €
Operating result	-747,1 k €	-98.7%	-376 k €	-56.6%	-240,1 k €	-120%	-109,1 k €	-6.0%	-102,9 k €	+41.8%	-176,6 k €	-134%	521,4 k €	-36.7%	824,3 k €	+150%	329,5 k €	+27.4%	258,7 k €	-31.8%	379,5 k €	+22.3%	310,3 k €	-9.0%	341,2 k €	+614%	47,8 k €	-86.3%	350 k €
Net result	-767 k €	-197%	-258,4 k €	-280%	-68 k €	+28.2%	-94,8 k €	+10.7%	-106,1 k €	+60.6%	-269,2 k €	-155%	485,8 k €	-61.2%	1,3 M €	+432%	235,6 k €	+21.4%	194 k €	-28.9%	273,1 k €	+18.0%	231,3 k €	-5.0%	243,6 k €	+210%	78,7 k €	-76.8%	338,7 k €
Balance sheet
Equity	4,5 M €	-14.5%	5,3 M €	-4.6%	5,6 M €	-1.2%	5,6 M €	-1.7%	5,7 M €	-1.8%	5,8 M €	+21.4%	4,8 M €	+11.3%	4,3 M €	+60.3%	2,7 M €	+9.6%	2,5 M €	+8.6%	2,3 M €	+13.7%	2 M €	+13.1%	1,8 M €	+16.1%	1,5 M €	+5.5%	1,4 M €
Total assets	9,6 M €	+14.3%	8,4 M €	+13.5%	7,4 M €	-1.3%	7,5 M €	-5.8%	7,9 M €	+5.4%	7,5 M €	+34.0%	5,6 M €	+10.1%	5,1 M €	+37.4%	3,7 M €	+8.7%	3,4 M €	+6.9%	3,2 M €	+14.9%	2,8 M €	+12.1%	2,5 M €	-6.8%	2,7 M €	+10.2%	2,4 M €
Cash	13,8 k €	+94.7%	7,1 k €	-33.3%	10,6 k €	+9791%	107,6 €		–		–		963,3 €	-29.0%	1,4 k €	-18.9%	1,7 k €	+1020%	149,3 €	-98.7%	11,8 k €	+474%	2,1 k €	-96.7%	62,4 k €	-66.1%	183,9 k €	+11.6%	164,8 k €
Debts	5 M €	+65.4%	3 M €	+68.4%	1,8 M €	-1.5%	1,8 M €	-16.6%	2,2 M €	+30.6%	1,7 M €	+275%	447,7 k €	+8.3%	413,4 k €	-15.6%	489,6 k €	+14.7%	426,7 k €	-15.5%	505 k €	+39.3%	362,6 k €	+23.4%	293,9 k €	-59.0%	716,2 k €	-25.6%	962,3 k €
Other
Workforce	76,2 ETP	+6.4%	71,6 ETP	+8.0%	66,3 ETP	+6.8%	62,1 ETP	+3.2%	60,2 ETP	-5.3%	63,6 ETP	+61.8%	39,3 ETP	-0.3%	39,4 ETP	+9.4%	36,0 ETP	+0.3%	35,9 ETP	-2.7%	36,9 ETP	+2.2%	36,1 ETP	+7.8%	33,5 ETP	+11.7%	30,0 ETP	+6.4%	28,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 29 ended

Active mandates

Philippe Docx

Director · since 12 mars 2024 · until 07 juin 2027

Active

VEDEX Management

Director · since 08 juin 2020 · until 01 juin 2026 · 0630.610.064

Represented by Philippe Detrixhe

Active

Pierre Denis

Director · since 08 juin 2015 · until 14 juin 2027

Active

Ended mandates

Philippe Morsa

Director · since 13 juin 2022 · until 09 juin 2025

Ended

VEDEX Management

Director · since 08 juin 2020 · until 12 juin 2023 · 0630.610.064

Represented by Philippe Detrixhe

Ended

De Prycker Consult

Director · since 10 juin 2019 · until 31 mai 2022 · 0694.837.625

Represented by Stefan De Prycker

Ended

De Prycker Consult

Director · since 10 juin 2019 · until 13 juin 2022 · 0694.837.625

Represented by Stefan De Prycker

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2026	27/06/2025	17/06/2024	14/06/2023	15/06/2022	08/07/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	12/06/2023	13/06/2022	14/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	23/06/2026	French	PDF
Full model	31/12/2024	02/06/2025	27/06/2025	French	PDF
Full model	31/12/2023	03/06/2024	17/06/2024	French	PDF
Full model	31/12/2022	12/06/2023	14/06/2023	French	PDF
Full model	31/12/2021	13/06/2022	15/06/2022	French	PDF
Full model	31/12/2020	14/06/2021	08/07/2021	French	PDF
Full model	31/12/2019	26/06/2020	26/06/2020	French	PDF
Full model	31/12/2018	10/06/2019	28/06/2019	French	PDF
Full model	31/12/2017	28/06/2018	26/07/2018	French	PDF
Full model	31/12/2016	12/06/2017	04/07/2017	French	PDF
Full model	31/12/2015	13/06/2016	23/06/2016	French	PDF
Full model	31/12/2014	08/06/2015	25/06/2015	French	PDF
Full model	31/12/2013	10/06/2014	20/06/2014	French	PDF
Full model	31/12/2012	10/06/2013	17/06/2013	French	PDF
Full model	31/12/2011	11/06/2012	28/06/2012	French	PDF
Full model	31/12/2010	13/06/2011	24/06/2011	French	PDF
Full model	31/12/2009	14/06/2010	29/06/2010	French	PDF
Full model	31/12/2008	15/06/2009	26/06/2009	French	PDF
Full model	31/12/2007	09/06/2008	02/07/2008	French	PDF
Full model	31/12/2006	11/06/2007	29/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 29 ended

Active mandates

Philippe Docx

Director · since 12 mars 2024 · until 07 juin 2027

Active

VEDEX Management

Director · since 08 juin 2020 · until 01 juin 2026 · 0630.610.064

Represented by Philippe Detrixhe

Active

Pierre Denis

Director · since 08 juin 2015 · until 14 juin 2027

Active

Ended mandates

Philippe Morsa

Director · since 13 juin 2022 · until 09 juin 2025

Ended

VEDEX Management

Director · since 08 juin 2020 · until 12 juin 2023 · 0630.610.064

Represented by Philippe Detrixhe

Ended

De Prycker Consult

Director · since 10 juin 2019 · until 31 mai 2022 · 0694.837.625

Represented by Stefan De Prycker

Ended

De Prycker Consult

Director · since 10 juin 2019 · until 13 juin 2022 · 0694.837.625

Represented by Stefan De Prycker

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/09/2026
Nominations et démissions statutaires et renouvellement du mandat du
PDF
Mandates25/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates09/04/2024
DEMISSIONS, NOMINATIONS
PDF
Other01/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/09/2020
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-767 k €↓
2024
Annual accounts 2024-258,4 k €↓
2023
Annual accounts 2023-68 k €↑
2022
Annual accounts 2022-94,8 k €↑
2021
Annual accounts 2021-106,1 k €↑
2020
Annual accounts 2020-269,2 k €↓
2015
Annual accounts 2015485,8 k €↓
2014
Annual accounts 20141,3 M €↑
2012
Annual accounts 2012235,6 k €↑
2011
Annual accounts 2011194 k €↓
2010
Annual accounts 2010273,1 k €↑
2009
Annual accounts 2009231,3 k €↓
2008
Annual accounts 2008243,6 k €↑
2007
Annual accounts 200778,7 k €↓
2006
Annual accounts 2006338,7 k €
28/08/1959
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Cintra

Overview

What does Cintra do?

Trend over 15 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline