Cincom Systems International
0412.655.024 · rovalta.com · 24/09/2026
ACTIVE
Cincom Systems International
Financial year 2025 · closed on 31/03/2025
Net result
347,5 k €
-56.0% YoY
Revenue
1,7 M €
-49.8% YoY
Equity
1,2 M €
+40.1% YoY
Workforce
4,0 ETP
-20.0% YoY
Overview
What does Cincom Systems International do?
Cincom Systems International is a Public limited company incorporated in 1972. Its main activity is: Computer consultancy activities. Its registered office is in Auderghem. It employs on average 4,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0412.655.024
Incorporation
20/09/1972
Legal form
Public limited company
Registered office
Avenue Herrmann-Debroux 40/42
1160 Auderghem · BruxellesSee on map
1160 Auderghem · BruxellesSee on map
Contributed capital
70 000,00 €
Latest accounts
31/03/2025
Average workforce
4,0 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering46500Wholesale of information and communication equipment46660Wholesale of other office machinery and equipment51850Air transport
Joint committees (2)
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 1,7 M € | -49.8% | 3,3 M € | +34.1% | 2,5 M € | -3.9% | 2,6 M € | +10.2% | 2,3 M € | -16.0% | 2,8 M € | +4.5% | 2,7 M € | +6.6% | 2,5 M € | +23.1% | 2 M € | -22.8% | 2,6 M € | +9.8% | 2,4 M € | +38.1% | 1,7 M € | -16.4% | 2,1 M € | +13.2% | 1,8 M € | -13.2% | 2,1 M € | +1.5% | 2,1 M € | +18.1% | 1,8 M € | -34.5% | 2,7 M € | -5.6% | 2,9 M € |
| EBITDA | 476,4 k € | +52.7% | 311,9 k € | +89.2% | 164,8 k € | -42.4% | 286,4 k € | -35.2% | 441,9 k € | +42067% | 1 k € | -99.5% | 200,1 k € | +29.4% | 154,7 k € | -30.4% | 222,2 k € | +4.3% | 213 k € | -12.5% | 243,4 k € | +2.4% | 237,8 k € | +12.1% | 212,2 k € | -48.0% | 408,1 k € | +55.6% | 262,2 k € | -30.0% | 374,3 k € | -3.2% | 386,5 k € | +75.9% | 219,8 k € | -36.0% | 343,1 k € |
| Operating result | 475 k € | +55.2% | 306 k € | +92.9% | 158,6 k € | -51.6% | 327,5 k € | -24.3% | 432,6 k € | +5741% | -7,7 k € | -106% | 138,6 k € | -4.1% | 144,6 k € | -32.1% | 213,1 k € | +4.3% | 204,3 k € | -14.7% | 239,6 k € | +3.2% | 232,3 k € | +6.1% | 218,9 k € | -52.2% | 457,8 k € | +209% | 148,1 k € | -57.3% | 346,5 k € | -2.9% | 356,9 k € | +91.2% | 186,7 k € | -43.2% | 328,5 k € |
| Net result | 347,5 k € | -56.0% | 789,7 k € | +147% | 320,2 k € | -25.0% | 427,2 k € | -12.9% | 490,3 k € | +161% | 188,1 k € | -20.2% | 235,8 k € | +162% | 89,9 k € | -72.0% | 321 k € | -8.5% | 350,6 k € | -54.7% | 774,7 k € | +211% | 249 k € | +0.5% | 247,8 k € | -54.3% | 542,5 k € | +1.6% | 534,1 k € | +50.7% | 354,3 k € | -22.5% | 457,3 k € | -40.2% | 764,5 k € | +16.0% | 659,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 1,2 M € | +40.1% | 866,7 k € | -51.3% | 1,8 M € | +22.0% | 1,5 M € | -28.2% | 2 M € | +31.8% | 1,5 M € | +13.9% | 1,4 M € | -86.9% | 10,4 M € | +0.9% | 10,3 M € | +3.2% | 9,9 M € | +3.7% | 9,6 M € | +8.8% | 8,8 M € | +2.9% | 8,6 M € | +3.0% | 8,3 M € | +7.0% | 7,8 M € | +7.4% | 7,2 M € | +5.1% | 6,9 M € | +7.1% | 6,4 M € | +13.5% | 5,7 M € |
| Total assets | 2,9 M € | +9.5% | 2,6 M € | -20.7% | 3,3 M € | -1.7% | 3,4 M € | -10.1% | 3,8 M € | +5.4% | 3,6 M € | +24.9% | 2,9 M € | -75.5% | 11,6 M € | +2.6% | 11,3 M € | -1.0% | 11,5 M € | +3.9% | 11 M € | +12.7% | 9,8 M € | +4.4% | 9,4 M € | -3.5% | 9,7 M € | +6.8% | 9,1 M € | +8.4% | 8,4 M € | -1.7% | 8,5 M € | +7.8% | 7,9 M € | +3.6% | 7,6 M € |
| Cash | 113,4 k € | -89.0% | 1 M € | +45.9% | 704,9 k € | +19.0% | 592,5 k € | -8.0% | 644,1 k € | +17.9% | 546,4 k € | +16.3% | 469,9 k € | +72.7% | 272,1 k € | -45.6% | 499,8 k € | -54.0% | 1,1 M € | +311% | 264,5 k € | -4.3% | 276,5 k € | +10.0% | 251,4 k € | -26.5% | 342,2 k € | +10.0% | 311,2 k € | +13.3% | 274,6 k € | +42.8% | 192,4 k € | +2.9% | 187 k € | +129% | 81,8 k € |
| Debts | 1 M € | +40.6% | 728,9 k € | +23.3% | 591,2 k € | -26.8% | 807,5 k € | +54.5% | 522,7 k € | -33.5% | 786,3 k € | +17.3% | 670,7 k € | +35.3% | 495,5 k € | +29.2% | 383,5 k € | -46.2% | 713 k € | +14.9% | 620,6 k € | +50.8% | 411,6 k € | +83.4% | 224,4 k € | -69.0% | 725 k € | +6.5% | 680,7 k € | +27.1% | 535,7 k € | -50.7% | 1,1 M € | +15.0% | 945,1 k € | -33.5% | 1,4 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 4,0 ETP | -20.0% | 5,0 ETP | 0.0% | 5,0 ETP | -5.7% | 5,3 ETP | +6.0% | 5,0 ETP | 0.0% | 5,0 ETP | 0.0% | 5,0 ETP | 0.0% | 5,0 ETP | 0.0% | 5,0 ETP | -20.6% | 6,3 ETP | -30.0% | 9,0 ETP | -14.3% | 10,5 ETP | -0.9% | 10,6 ETP | -3.6% | 11,0 ETP | -2.7% | 11,3 ETP | -5.8% | 12,0 ETP | -11.8% | 13,6 ETP | 0.0% | 13,6 ETP | +2.3% | 13,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/03/2025 · 1 active · 49 ended
Active mandates
Karl William Gilbank
ActiveEnded mandates
Thomas Nies
EndedCincom Systems Inc
EndedDonald Vick
EndedThierry Carlier
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
CARIS● Active | 0690.592.092 |
E.I.G. CONCEPT● Active | 0870.326.956 |
| 0641.930.162 | |
| 0448.131.981 | |
| 0895.073.537 | |
TACTIM● Active | 0677.765.229 |
VENTUM● Active | 0897.307.012 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/03/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 6 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 31/10/2025 | 03/04/2025 | 03/04/2024 | 13/02/2023 | 31/03/2022 | 08/03/2021 |
| General meeting | 10/09/2025 | 10/03/2025 | 11/03/2024 | 06/02/2023 | 07/02/2022 | 03/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/03/2025 | 10/09/2025 | 31/10/2025 | French | |
| Full model | 30/09/2024 | 10/03/2025 | 03/04/2025 | French | |
| Full model | 30/09/2023 | 11/03/2024 | 03/04/2024 | French | |
| Full model | 30/09/2022 | 06/02/2023 | 13/02/2023 | French | |
| Full model | 30/09/2021 | 07/02/2022 | 31/03/2022 | French | |
| Full model | 30/09/2020 | 03/03/2021 | 08/03/2021 | French | |
| Full model | 30/09/2019 | 03/02/2020 | 04/02/2020 | French | |
| Full model | 30/09/2018 | 04/02/2019 | 20/02/2019 | French | |
| Full model | 30/09/2017 | 05/02/2018 | 23/02/2018 | French | |
| Full model | 30/09/2016 | 06/02/2017 | 22/02/2017 | French | |
| Full model | 30/09/2015 | 01/02/2016 | 16/02/2016 | French | |
| Full model | 30/09/2014 | 02/02/2015 | 03/02/2015 | French | |
| Full model | 30/09/2013 | 20/06/2014 | 23/06/2014 | French | |
| Full model | 30/09/2012 | 04/02/2013 | 11/03/2013 | French | |
| Full model | 30/09/2011 | 06/02/2012 | 01/03/2012 | French | |
| Full model | 30/09/2010 | 07/02/2011 | 09/02/2011 | French | |
| Full model | 30/09/2009 | 01/02/2010 | 08/02/2010 | French | |
| Full model | 30/09/2008 | 02/02/2009 | 06/03/2009 | French | |
| Full model | 30/09/2007 | 04/02/2008 | 25/02/2008 | French | |
| Full model | 30/09/2006 | 05/02/2007 | 22/03/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/03/2025 · 1 active · 49 ended
Active mandates
Karl William Gilbank
ActiveEnded mandates
Thomas Nies
EndedCincom Systems Inc
EndedDonald Vick
EndedThierry Carlier
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other27/12/2024DIVERS
- Other28/11/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
- Mandates10/10/2024DEMISSIONS, NOMINATIONS
- Mandates10/07/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
- Mandates19/06/2024DEMISSIONS, NOMINATIONS
- Mandates29/05/2024DEMISSIONS, NOMINATIONS
- Mandates21/03/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
- Mandates30/03/2023DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025347,5 k €↓
- 2024Annual accounts 2024789,7 k €↑
- 2023Annual accounts 2023320,2 k €↓
- 2022Annual accounts 2022427,2 k €↓
- 2021Annual accounts 2021490,3 k €↑
- 2020Annual accounts 2020188,1 k €↓
- 2019Annual accounts 2019235,8 k €↑
- 2018Annual accounts 201889,9 k €↓
- 2017Annual accounts 2017321 k €↓
- 2016Annual accounts 2016350,6 k €↓
- 2015Annual accounts 2015774,7 k €↑
- 2014Annual accounts 2014249 k €↑
- 2013Annual accounts 2013247,8 k €↓
- 2012Annual accounts 2012542,5 k €↑
- 2011Annual accounts 2011534,1 k €↑
- 2010Annual accounts 2010354,3 k €↓
- 2009Annual accounts 2009457,3 k €↓
- 2008Annual accounts 2008764,5 k €↑
- 2007Annual accounts 2007659,2 k €
- 20/09/1972IncorporationPublic limited company