ACTIVE

CINICO

Financial year 2025 · closed on 30/09/2025
Net result
-13,7 k €
-220.5% YoY
Gross margin
208,3 k €
-6.9% YoY
Equity
134,5 k €
-9.3% YoY

What does CINICO do?

CINICO is a Private limited company incorporated in 1999. Its registered office is in Waasmunster.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0466.395.103
Incorporation
01/07/1999
Legal form
Private limited company
Registered office
Nijverheidslaan 76
9250 Waasmunster · FlandreSee on map
Contributed capital
20 460,00 €
Latest accounts
30/09/2025
Signals
Positive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin208,3 k €223,6 k €194,7 k €192,5 k €156,6 k €166,5 k €173,2 k €151,3 k €159,1 k €86,5 k €269,6 k €303,4 k €223,5 k €49,2 k €197,9 k €109,5 k €87,6 k €101,6 k €86 k €
EBITDA187,6 k €204,9 k €164,8 k €174,6 k €139,2 k €150,9 k €160,2 k €139 k €135,3 k €86,5 k €247 k €282,2 k €208,1 k €31,1 k €164,7 k €99,1 k €65,2 k €56,3 k €13,8 k €
Operating result37,6 k €54,9 k €5,8 k €15,6 k €-19,7 k €-8 k €7,2 k €39 k €35,3 k €59,8 k €28,3 k €63,4 k €-10,7 k €12,3 k €105,8 k €46,9 k €33,5 k €-380 €-18 k €
Net result-13,7 k €11,4 k €14,3 k €61,7 k €21 k €-24,7 k €1,7 k €11,6 k €-15 k €2 k €-63,2 k €4,5 k €-13,7 k €37,4 k €74,4 k €24,6 k €7,8 k €542 €-20,7 k €
Balance sheet
Equity134,5 k €148,2 k €136,8 k €120,5 k €58,8 k €37,9 k €62,6 k €60,9 k €49,3 k €64,4 k €62,4 k €125,6 k €121,1 k €134,8 k €97,4 k €23 k €-1,6 k €-9,5 k €-10 k €
Total assets1,1 M €1,3 M €3,6 M €3,9 M €3,9 M €3,6 M €4 M €4,4 M €4,3 M €4,6 M €4,9 M €5,3 M €5,4 M €894,2 k €985,3 k €1,6 M €978,3 k €907,3 k €1 M €
Cash4,3 k €18,1 k €70,2 k €14,8 k €3,7 k €25,7 k €12,5 k €155,1 k €41,6 k €11,4 k €24,5 k €91,9 k €69,6 k €60,8 k €1,3 k €13,9 k €5,7 k €
Debts994,3 k €1,1 M €3,5 M €3,7 M €3,8 M €3,5 M €3,9 M €4,3 M €4,2 M €4,6 M €4,8 M €5,1 M €5,2 M €726,3 k €854,9 k €1,6 M €965 k €906,8 k €1 M €
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 30/09/2025 · 2 active · 8 ended

Active mandates

Frédéric GOETHALS

Director

Active
Luc GOETHALS

Director

Active

Ended mandates

GUY REDANT

Manager · since 01 novembre 2012

Ended
INGE PUIMEGE

Manager · since 28 juin 1999 · until 31 octobre 2012

Ended
INGE PUIMEGE

Manager · since 28 juin 1999

Ended
Inge Puimege

Manager · since 24 juin 1999

Ended
At this address

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Goethals InvestActive
0446.413.202
0838.514.025
0433.460.534
PACIBOActive
1027.146.460
PACIGROActive
1027.146.559
0836.270.256
0505.901.520
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/03/202624/03/202522/04/202414/03/202330/03/202206/04/2021
General meeting27/02/202614/03/202502/02/202402/02/202302/02/202202/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/02/202610/03/2026DutchPDF
Abridged model30/09/202414/03/202524/03/2025DutchPDF
Abridged model30/09/202302/02/202422/04/2024DutchPDF
Abridged model30/09/202202/02/202314/03/2023DutchPDF
Abridged model30/09/202102/02/202230/03/2022DutchPDF
Abridged model30/09/202002/02/202106/04/2021DutchPDF
Micro model30/09/201903/02/202027/04/2020DutchPDF
Micro model30/09/201802/02/201919/04/2019DutchPDF
Abridged model30/09/201702/02/201823/04/2018DutchPDF
Abridged model30/09/201602/02/201729/03/2017DutchPDF
Abridged model30/09/201502/02/201624/03/2016DutchPDF
Abridged model30/09/201402/02/201517/03/2015DutchPDF
Abridged model30/09/201328/11/201329/04/2014DutchPDF
Abridged model30/09/201202/02/201329/04/2013DutchPDF
Abridged model30/09/201102/02/201230/04/2012DutchPDF
Abridged model30/09/201002/02/201109/05/2011DutchPDF
Abridged model30/09/200926/03/201011/06/2010DutchPDF
Abridged model30/09/200826/03/200929/04/2009DutchPDF
Abridged model30/09/200727/03/200822/04/2008DutchPDF
Abridged model30/09/200628/03/200729/03/2007DutchPDF
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 30/09/2025 · 2 active · 8 ended

Active mandates

Frédéric GOETHALS

Director

Active
Luc GOETHALS

Director

Active

Ended mandates

GUY REDANT

Manager · since 01 novembre 2012

Ended
INGE PUIMEGE

Manager · since 28 juin 1999 · until 31 octobre 2012

Ended
INGE PUIMEGE

Manager · since 28 juin 1999

Ended
Inge Puimege

Manager · since 24 juin 1999

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/07/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/02/2024
    DIVERSEN
    PDF
  • Other24/08/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates22/08/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/12/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/03/2003
    MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 2025-13,7 k €
  2. 2024
    Annual accounts 202411,4 k €
  3. 2023
    Annual accounts 202314,3 k €
  4. 2022
    Annual accounts 202261,7 k €
  5. 2021
    Annual accounts 202121 k €
  6. 2020
    Annual accounts 2020-24,7 k €
  7. 2019
    Annual accounts 20191,7 k €
  8. 2018
    Annual accounts 201811,6 k €
  9. 2017
    Annual accounts 2017-15 k €
  10. 2016
    Annual accounts 20162 k €
  11. 2015
    Annual accounts 2015-63,2 k €
  12. 2014
    Annual accounts 20144,5 k €
  13. 2013
    Annual accounts 2013-13,7 k €
  14. 2012
    Annual accounts 201237,4 k €
  15. 2011
    Annual accounts 201174,4 k €
  16. 2010
    Annual accounts 201024,6 k €
  17. 2009
    Annual accounts 20097,8 k €
  18. 2008
    Annual accounts 2008542 €
  19. 2007
    Annual accounts 2007-20,7 k €
  20. 01/07/1999
    IncorporationPrivate limited company