ACTIVE

CINEART (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

328,3 k €

-27.7% YoY

Gross margin

626,2 k €

-29.2% YoY

Equity

6,3 M €

+18.5% YoY

Workforce

1,2 ETP

0.0% YoY

What does CINEART do?

CINEART is a Public limited company incorporated in 1998. Its registered office is in Bruxelles. It employs on average 1,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.119.858

Incorporation

14/09/1998

Legal form

Public limited company

Registered office

Rue de Namur 72-74
1000 Bruxelles · BruxellesSee on map

Contributed capital

871 287,47 €

Latest accounts

31/12/2025

Average workforce

1,2 ETP

Joint committees (3)

303
30302
30303

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	626,2 k €	-29.2%	884,1 k €	+26.8%	697,5 k €	+8.6%	642,2 k €	+2.7%	625,4 k €	+81.8%	344 k €	-1.1%	347,8 k €	+1.8%	341,6 k €	+36.1%	251 k €	-41.9%	431,9 k €		–		–		–		–		–		–		–		–		599,7 k €	+81.1%	331,2 k €
EBITDA	506,3 k €	-32.8%	753,7 k €	+35.7%	555,3 k €	+10.5%	502,8 k €	+1.9%	493,5 k €	+129%	215,8 k €	+20.2%	179,5 k €	+20.6%	148,8 k €	+74.3%	85,4 k €	-68.6%	272,3 k €	+129%	118,7 k €	+11270%	-1,1 k €	+99.8%	-466,1 k €	-369%	173,2 k €	+149%	69,5 k €	-73.2%	259,6 k €	+4.5%	248,3 k €	-55.2%	553,7 k €	+46.1%	379,1 k €	+234%	113,7 k €
Operating result	473,2 k €	-34.3%	719,7 k €	+37.6%	522,9 k €	+10.1%	475 k €	+1.5%	467,9 k €	+136%	198,6 k €	+25.0%	158,9 k €	+108%	76,3 k €	+48.4%	51,4 k €	-78.6%	240 k €	+360%	52,2 k €	+193%	-56,3 k €	+90.1%	-568,2 k €	-643%	104,7 k €	+201%	-104,2 k €	-183%	125,3 k €	+5.0%	119,4 k €	+238%	-86,7 k €	-133%	259,1 k €	+224%	79,9 k €
Net result	328,3 k €	-27.7%	453,9 k €	+30.2%	348,5 k €	-12.5%	398,5 k €	+29.0%	309 k €	+115%	144 k €	+139%	60,2 k €	+83.9%	32,7 k €	+165%	12,3 k €	-93.9%	203,7 k €	+1677%	11,5 k €	+109%	-127,1 k €	+79.6%	-622,7 k €	-593%	126,2 k €	+144%	-287,6 k €	-2618%	11,4 k €	-80.3%	58 k €	+131%	-186,4 k €	-281%	103,2 k €	-0.4%	103,6 k €
Balance sheet
Equity	6,3 M €	+18.5%	5,3 M €	+30.7%	4 M €	+64.6%	2,5 M €	+166%	926,2 k €	+27.4%	727,2 k €	+24.7%	583,2 k €	-6.4%	623,1 k €	+5.5%	590,3 k €	+2.1%	578 k €	+54.4%	374,3 k €	+3.2%	362,8 k €	+55.8%	232,8 k €	-72.8%	855,5 k €	+17.3%	729,3 k €	-28.3%	1 M €	+1.1%	1 M €	+6.1%	947,5 k €	-21.6%	1,2 M €	+9.3%	1,1 M €
Total assets	11,1 M €	+3.3%	10,7 M €	+17.1%	9,2 M €	+11.8%	8,2 M €	+19.3%	6,9 M €	+21.4%	5,7 M €	+5.6%	5,4 M €	-19.6%	6,7 M €	+6.1%	6,3 M €	+0.5%	6,2 M €	-8.6%	6,8 M €	-24.2%	9 M €	+12.5%	8 M €	-24.1%	10,6 M €	+0.7%	10,5 M €	+7.4%	9,8 M €	-2.0%	10 M €	+1.1%	9,9 M €	-29.1%	13,9 M €	-15.8%	16,5 M €
Cash	113,4 k €	-61.9%	297,5 k €	+10.6%	269 k €	-42.6%	468,7 k €	+25.2%	374,4 k €	+13.3%	330,4 k €	+688%	41,9 k €	-14.3%	48,9 k €	+52.8%	32 k €	-28.1%	44,6 k €	+32.1%	33,7 k €	+48.8%	22,7 k €	-88.0%	189,8 k €	-1.0%	191,7 k €	+599%	27,4 k €	-86.5%	203,5 k €	+199%	68 k €	-29.4%	96,3 k €	+62.2%	59,4 k €	-61.3%	153,4 k €
Debts	4,7 M €	-10.3%	5,3 M €	+5.6%	5 M €	-9.4%	5,5 M €	-0.0%	5,5 M €	+12.5%	4,9 M €	+10.4%	4,5 M €	-21.7%	5,7 M €	+2.2%	5,6 M €	+0.2%	5,6 M €	-13.0%	6,4 M €	-25.4%	8,6 M €	+10.9%	7,7 M €	-18.7%	9,5 M €	-1.3%	9,6 M €	+10.8%	8,7 M €	-1.8%	8,8 M €	-0.5%	8,9 M €	-29.9%	12,7 M €	-17.6%	15,4 M €
Other
Workforce	1,2 ETP	0.0%	1,2 ETP	-25.0%	1,6 ETP	-5.9%	1,7 ETP	0.0%	1,7 ETP	0.0%	1,7 ETP	-26.1%	2,3 ETP	-34.3%	3,5 ETP	+2.9%	3,4 ETP	+3.0%	3,3 ETP	-17.5%	4,0 ETP	+5.3%	3,8 ETP	+11.8%	3,4 ETP	+3.0%	3,3 ETP	-10.8%	3,7 ETP	-5.1%	3,9 ETP	+8.3%	3,6 ETP	-12.2%	4,1 ETP	+7.9%	3,8 ETP	+2.7%	3,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 41 ended

Active mandates

KRPDIEM

Managing director · since 01 juillet 2024 · until 04 juin 2030 · 1009.164.838

Represented by Stephan DE POTTER

Active

Silvia MICELI

Director · since 28 juin 2024 · until 04 juin 2030

Active

Egemen Efe CAKAREL

Director · since 12 janvier 2024 · until 04 juin 2030

Active

MARC SMIT BV

Managing director · since 12 janvier 2024 · until 04 juin 2030

Represented by Marc SMIT

Active

Samuele MAZZOLI

Director · since 12 janvier 2024 · until 04 juin 2030

Active

Ended mandates

Sylvia MICELI

Director · since 28 juin 2024 · until 04 juin 2030

Ended

Graham STEWART PATTERSON

Director · since 12 janvier 2024 · until 14 juin 2024

Ended

MARC SMIT BV SRL

Managing director · since 12 janvier 2024 · until 04 juin 2030

Represented by Marc SMIT

Ended

Sarah HADJ-YAHIA (Dit BENSY)

Director · since 04 juin 2020 · until 26 mai 2021

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/07/2026	29/07/2025	27/11/2024	14/07/2023	31/08/2022	16/08/2021
General meeting	24/06/2026	30/06/2025	04/10/2024	30/06/2023	31/08/2022	18/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/06/2026	23/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	French	PDF
Abridged modelCorrection	31/12/2023	04/10/2024	27/11/2024	French	PDF
Abridged model	31/12/2023	28/06/2024	22/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	14/07/2023	French	PDF
Abridged model	31/12/2021	31/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	16/08/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	05/08/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	21/06/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	08/06/2017	26/06/2017	French	PDF
Full modelCorrection	31/12/2015	31/08/2016	23/09/2016	French	PDF
Full model	31/12/2015	31/08/2016	31/08/2016	French	PDF
Full model	31/12/2014	26/06/2015	17/07/2015	French	PDF
Full model	31/12/2013	04/06/2014	11/06/2014	French	PDF
Full model	31/12/2012	04/06/2013	04/06/2013	French	PDF
Full model	31/12/2011	28/06/2012	23/07/2012	French	PDF
Full model	31/12/2010	21/06/2011	28/06/2011	French	PDF
Full model	31/12/2009	01/06/2010	15/06/2010	French	PDF
Full model	31/12/2008	25/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	07/07/2008	05/08/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	20/06/2007	French	PDF

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.

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 · 5 active · 41 ended

Active mandates

KRPDIEM

Managing director · since 01 juillet 2024 · until 04 juin 2030 · 1009.164.838

Represented by Stephan DE POTTER

Active

Silvia MICELI

Director · since 28 juin 2024 · until 04 juin 2030

Active

Egemen Efe CAKAREL

Director · since 12 janvier 2024 · until 04 juin 2030

Active

MARC SMIT BV

Managing director · since 12 janvier 2024 · until 04 juin 2030

Represented by Marc SMIT

Active

Samuele MAZZOLI

Director · since 12 janvier 2024 · until 04 juin 2030

Active

Ended mandates

Sylvia MICELI

Director · since 28 juin 2024 · until 04 juin 2030

Ended

Graham STEWART PATTERSON

Director · since 12 janvier 2024 · until 14 juin 2024

Ended

MARC SMIT BV SRL

Managing director · since 12 janvier 2024 · until 04 juin 2030

Represented by Marc SMIT

Ended

Sarah HADJ-YAHIA (Dit BENSY)

Director · since 04 juin 2020 · until 26 mai 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/08/2026
Nomination du commissaire
PDF
Mandates30/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/08/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates07/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates18/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates18/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates30/10/2020
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 2025328,3 k €↓
2024
Annual accounts 2024453,9 k €↑
2023
Annual accounts 2023348,5 k €↓
2022
Annual accounts 2022398,5 k €↑
2021
Annual accounts 2021309 k €↑
2020
Annual accounts 2020144 k €↑
2019
Annual accounts 201960,2 k €↑
2018
Annual accounts 201832,7 k €↑
2017
Annual accounts 201712,3 k €↓
2016
Annual accounts 2016203,7 k €↑
2015
Annual accounts 201511,5 k €↑
2014
Annual accounts 2014-127,1 k €↑
2013
Annual accounts 2013-622,7 k €↓
2012
Annual accounts 2012126,2 k €↑
2011
Annual accounts 2011-287,6 k €↓
2010
Annual accounts 201011,4 k €↓
2009
Annual accounts 200958 k €↑
2008
Annual accounts 2008-186,4 k €↓
2007
Annual accounts 2007103,2 k €↓
2006
Annual accounts 2006103,6 k €
14/09/1998
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

CINEART (SA)

Overview

What does CINEART do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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