NORMAL SITUATION

Cinionic

Financial year 2023 · closed on 31/12/2023
Net result
7,4 M €
+39.6% YoY
Revenue
115,2 M €
+40.2% YoY
Equity
39,7 M €
+22.8% YoY
Workforce
43,6 ETP
+18.8% YoY

Company — Normal situation.

What does Cinionic do?

Cinionic is a company registered in Belgium. It employs on average 43,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0689.837.472
Legal form
Private limited company
Contributed capital
25 018 550,00 €
Latest accounts
31/12/2023
Average workforce
43,6 ETP
Joint committees (1)
  • 209
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20232022202120202019
Income statement
Revenue115,2 M €82,2 M €45,0 M €39,0 M €83,8 M €
EBITDA5,6 M €7,8 M €3,4 M €896,9 k €1,0 M €
Operating result4,3 M €6,8 M €2,2 M €-480,9 k €238,4 k €
Net result7,4 M €5,3 M €2,8 M €-836,2 k €527,5 €
Balance sheet
Equity39,7 M €32,3 M €27,0 M €24,2 M €25,0 M €
Total assets68,4 M €67,4 M €49,6 M €41,9 M €46,3 M €
Cash0,0 €2,0 k €2,0 k €12,1 k €18,5 k €
Debts28,7 M €35,1 M €22,6 M €17,3 M €21,2 M €
Other
Workforce43,6 ETP36,7 ETP37,6 ETP42,3 ETP39,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 3 ended

Active mandates

Paul Hermans

Director · since 14 juillet 2022

Active
Wim Buyens

Director · since 06 février 2018

Active

Ended mandates

Sofie Braet

Director · since 01 octobre 2018 · until 01 juillet 2022

Ended
Sofie Braet

Manager · since 01 octobre 2018

Ended
Wim Buyens

Manager · since 06 février 2018

Ended
Annual accounts

Full financial information

20232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202301/01/202201/01/202101/01/202006/02/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months23 months
Filing date26/04/202410/05/202310/05/202218/05/202113/05/2020
General meeting05/04/202407/04/202308/04/202219/04/202110/04/2020
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202305/04/202426/04/2024DutchPDF
Full model31/12/202207/04/202310/05/2023DutchPDF
Full model31/12/202108/04/202210/05/2022DutchPDF
Full model31/12/202019/04/202118/05/2021DutchPDF
Full model31/12/201910/04/202013/05/2020DutchPDF
Estimate

Indicative valuation

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 31/12/2023 · 2 active · 3 ended

Active mandates

Paul Hermans

Director · since 14 juillet 2022

Active
Wim Buyens

Director · since 06 février 2018

Active

Ended mandates

Sofie Braet

Director · since 01 octobre 2018 · until 01 juillet 2022

Ended
Sofie Braet

Manager · since 01 octobre 2018

Ended
Wim Buyens

Manager · since 06 février 2018

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2023
    Annual accounts 20237,4 M €
  2. 2022
    Annual accounts 20225,3 M €
  3. 2021
    Annual accounts 20212,8 M €
  4. 2020
    Annual accounts 2020-836,2 k €
  5. 2019
    Annual accounts 2019527,5 €