ACTIVE

CYANAR

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Financial year 2025 · closed on 31/12/2025

Net result

59,5 k €

-24.8% YoY

Gross margin

270,9 k €

-7.7% YoY

Equity

230,4 k €

-14.2% YoY

Workforce

3,6 ETP

-12.2% YoY

What does CYANAR do?

CYANAR is a Private limited company incorporated in 1998. Its registered office is in Ciney. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.236.555

Incorporation

29/09/1998

Legal form

Private limited company

Registered office

Rue de Barvaux(Haversin) 141
5590 Ciney · WallonieSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Average workforce

3,6 ETP

Joint committees (2)

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	270,9 k €	-7.7%	293,7 k €	+5.4%	278,7 k €	+10.6%	252 k €	+6.6%	236,4 k €	+17.4%	201,4 k €	+18.4%	170,2 k €	+13.0%	150,6 k €	+1.3%	148,6 k €	+15.5%	128,7 k €	-2.7%	132,3 k €	+10.1%	120,1 k €	+46.1%	82,2 k €	+26.2%	65,2 k €	-2.8%	67,1 k €	+5.1%	63,8 k €	+26.1%	50,6 k €	-19.7%	63 k €	+23.1%	51,2 k €	-20.5%	64,4 k €
EBITDA	116,8 k €	-19.2%	144,6 k €	+6.0%	136,5 k €	+1.1%	135 k €	+14.3%	118,1 k €	+20.8%	97,8 k €	+50.3%	65,1 k €	-0.6%	65,5 k €	+10.0%	59,5 k €	+28.3%	46,4 k €	-9.3%	51,2 k €	+13.4%	45,1 k €	+46.6%	30,8 k €	+47.9%	20,8 k €	-14.5%	24,3 k €	+37.3%	17,7 k €	+37.2%	12,9 k €	-47.2%	24,5 k €	+14.0%	21,5 k €	-14.7%	25,2 k €
Operating result	82,9 k €	-21.6%	105,7 k €	+3.0%	102,6 k €	+3.9%	98,8 k €	+19.5%	82,7 k €	+17.9%	70,1 k €	+91.9%	36,5 k €	+8.3%	33,7 k €	+85.1%	18,2 k €	+26.6%	14,4 k €	-37.0%	22,8 k €	+39.9%	16,3 k €	+31.1%	12,5 k €	+23.1%	10,1 k €	-30.4%	14,5 k €	+94.4%	7,5 k €	+18.7%	6,3 k €	-61.9%	16,5 k €	+18.3%	14 k €	-23.6%	18,3 k €
Net result	59,5 k €	-24.8%	79,1 k €	-0.5%	79,6 k €	+6.7%	74,6 k €	+15.2%	64,8 k €	+25.1%	51,8 k €	+122%	23,3 k €	-1.0%	23,5 k €	+139%	9,9 k €	+12.9%	8,7 k €	-38.6%	14,2 k €	+54.7%	9,2 k €	-2.3%	9,4 k €	-16.7%	11,3 k €	-11.4%	12,7 k €	+78.6%	7,1 k €	-34.7%	10,9 k €	-36.3%	17,1 k €	+48.5%	11,6 k €	-14.8%	13,6 k €
Balance sheet
Equity	230,4 k €	-14.2%	268,4 k €	+41.8%	189,2 k €	+18.5%	159,6 k €	+87.7%	85,1 k €	-69.7%	280,3 k €	+22.7%	228,5 k €	+10.9%	206 k €	+12.4%	183,3 k €	+5.2%	174,2 k €	+4.8%	166,3 k €	+8.8%	152,9 k €	+5.8%	144,5 k €	+6.3%	135,9 k €	+8.3%	125,5 k €	+10.5%	113,5 k €	+5.1%	108 k €	+11.3%	97,1 k €	+20.2%	80,7 k €	+15.3%	70 k €
Total assets	439,5 k €	+11.8%	393 k €	+1.0%	389 k €	+24.3%	313 k €	-41.5%	535,5 k €	+19.3%	448,8 k €	+9.0%	411,9 k €	+4.9%	392,8 k €	-2.9%	404,5 k €	+5.4%	383,9 k €	+2.4%	374,8 k €	+1.7%	368,4 k €	-1.7%	374,6 k €	+80.0%	208,2 k €	+14.3%	182,1 k €	+2.2%	178,1 k €	+10.5%	161,3 k €	+6.4%	151,5 k €	+27.9%	118,4 k €	-1.5%	120,3 k €
Cash	168,5 k €	-4.3%	176 k €	+15.2%	152,9 k €	+17.6%	130 k €	-57.9%	308,7 k €	+51.5%	203,7 k €	+16.9%	174,2 k €	+23.2%	141,4 k €	+22.4%	115,6 k €	+38.6%	83,4 k €	+28.4%	65 k €	+11.5%	58,2 k €	+3.1%	56,5 k €	-50.2%	113,5 k €	+18.6%	95,7 k €	+7.4%	89,1 k €	+409%	17,5 k €	-5.1%	18,5 k €	+64.2%	11,2 k €	-65.2%	32,3 k €
Debts	209,1 k €	+68.5%	124,1 k €	-37.5%	198,7 k €	+31.1%	151,6 k €	-66.2%	448 k €	+170%	165,8 k €	-8.1%	180,3 k €	-1.9%	183,8 k €	-16.9%	221,2 k €	+5.5%	209,6 k €	+0.6%	208,4 k €	-3.3%	215,5 k €	-6.3%	230,1 k €	+219%	72,2 k €	+32.2%	54,6 k €	-15.5%	64,6 k €	+21.4%	53,2 k €	-2.2%	54,4 k €	+44.4%	37,7 k €	-25.0%	50,3 k €
Other
Workforce	3,6 ETP	-12.2%	4,1 ETP	-2.4%	4,2 ETP		–		–		–		–		–		–		3,0 ETP	+11.1%	2,7 ETP	0.0%	2,7 ETP	+28.6%	2,1 ETP	+23.5%	1,7 ETP	0.0%	1,7 ETP	-5.6%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	-25.0%	2,4 ETP	-14.3%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

CARO INVEST

Mandate · 1024.597.043

Represented by HOUSSA Caroline

Active

JADIN Nancy

Mandate

Active

Ended mandates

NANCY JADIN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CARO INVEST● Active	1024.597.043

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	30/06/2026	29/07/2025	20/08/2024	29/08/2023	26/09/2022	30/08/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	30/08/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	20/08/2024	French	PDF
Micro model	31/12/2022	26/06/2023	29/08/2023	French	PDF
Micro modelCorrection	31/12/2021	27/06/2022	26/09/2022	French	PDF
Micro model	31/12/2021	27/06/2022	02/07/2022	French	PDF
Micro model	31/12/2020	30/08/2021	30/08/2021	French	PDF
Micro model	31/12/2019	31/08/2020	09/09/2020	French	PDF
Micro model	31/12/2018	01/07/2019	12/09/2019	French	PDF
Micro model	31/12/2017	30/06/2018	17/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	26/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	18/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	10/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	08/08/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	07/08/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	10/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	04/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	08/08/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	19/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 1 ended

Active mandates

CARO INVEST

Mandate · 1024.597.043

Represented by HOUSSA Caroline

Active

JADIN Nancy

Mandate

Active

Ended mandates

NANCY JADIN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office08/08/2013
SIEGE SOCIAL
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 202559,5 k €↓
2024
Annual accounts 202479,1 k €↓
2023
Annual accounts 202379,6 k €↑
2022
Annual accounts 202274,6 k €↑
2021
Annual accounts 202164,8 k €↑
2020
Annual accounts 202051,8 k €↑
2019
Annual accounts 201923,3 k €↓
2018
Annual accounts 201823,5 k €↑
2017
Annual accounts 20179,9 k €↑
2016
Annual accounts 20168,7 k €↓
2015
Annual accounts 201514,2 k €↑
2014
Annual accounts 20149,2 k €↓
2013
Annual accounts 20139,4 k €↓
2012
Annual accounts 201211,3 k €↓
2011
Annual accounts 201112,7 k €↑
2010
Annual accounts 20107,1 k €↓
2009
Annual accounts 200910,9 k €↓
2008
Annual accounts 200817,1 k €↑
2007
Annual accounts 200711,6 k €↓
2006
Annual accounts 200613,6 k €
29/09/1998
IncorporationPrivate 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

CYANAR

Overview

What does CYANAR 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