ACTIVE

CINER GLASS BELGIUM

Financial year 2025 · Closed on 31/12/2025

Net result-16,6 M €-36,7 %over 1 year
Gross margin-10,2 M €-193,9 %over 1 year
Equity73,1 M €+783,2 %over 1 year
Workforce53,0 ETP+301,5 %over 1 year

Identity

Source · BCE/KBO

CINER GLASS BELGIUM is a Public limited company incorporated in 2020. Its main activity is: Manufacture of hollow glass. Its registered office is in Lommel. It employs on average 53,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0752.834.420
Incorporation
21/08/2020
Legal form
Public limited company
Registered office
Marie Popelinstraat 125
3920 Lommel · FlandreSee on map
Contributed capital
108 295 000,00 €
Latest accounts
31/12/2025
Average workforce
53,0 ETP
Joint committees (1)
  • 200
Signals
Healthy social debts

Financials

Source · NBB, 6 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-10,2 M €-3,5 M €-1,1 M €-866,6 k €-798,6 k €
EBITDA-15,8 M €-5,7 M €-2,6 M €-1,6 M €-900,1 k €
Operating result-16,9 M €-5,8 M €-3,6 M €-1,6 M €-902,5 k €
Net result-16,6 M €-12,2 M €-3,8 M €-1,7 M €-926,1 k €
Balance sheet
Equity73,1 M €-10,7 M €1,5 M €2,1 M €-864,1 k €
Total assets455,4 M €191,8 M €17,9 M €5,5 M €3,5 M €
Cash654,4 k €3,5 M €77,4 k €5,5 k €258 k €
Debts382,1 M €201,1 M €16,4 M €3,3 M €4,4 M €
Other
Workforce53,0 ETP13,2 ETP5,7 ETP2,9 ETP0,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 5 ended

Active mandates

Gökhan Şen

Managing director · since 09 mars 2026 · until 25 juillet 2029

Active
Nicholas Rodney Hall

Director · since 03 octobre 2025 · until 03 octobre 2031

Active
Cuneyt Basaran

Director · since 25 juillet 2023 · until 25 juillet 2029

Active
Gürsel Usta

Director · since 21 août 2020 · until 03 octobre 2025

Active
Mehmet Ali Erdogan

Director · since 21 août 2020 · until 21 août 2026

Active
Yener CINER

Director · since 21 août 2020 · until 21 août 2026

Active

Ended mandates

Gökhan Şen

Managing director · since 25 juillet 2023 · until 25 juillet 2029

Ended
Turgay CINER

Director · since 26 mai 2021 · until 26 mai 2027

Ended
Gürsel USTA

Director · since 21 août 2020 · until 21 août 2026

Ended
Mehmet Ali ERDOGAN

Managing director · since 21 août 2020 · until 21 août 2026

Ended

Full financial information

Source · NBB
20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202221/08/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months17 months
Filing date17/07/202602/09/202527/11/202430/03/202329/07/2022
General meeting29/06/202629/08/202527/11/202410/03/202310/03/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202617/07/2026DutchPDF
Abridged model31/12/202429/08/202502/09/2025DutchPDF
Abridged modelCorrection31/12/202327/11/202427/11/2024DutchPDF
Abridged model31/12/202310/03/202430/07/2024DutchPDF
Abridged model31/12/202210/03/202330/03/2023DutchPDF
Abridged model31/12/202110/03/202229/07/2022DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 5 ended

Active mandates

Gökhan Şen

Managing director · since 09 mars 2026 · until 25 juillet 2029

Active
Nicholas Rodney Hall

Director · since 03 octobre 2025 · until 03 octobre 2031

Active
Cuneyt Basaran

Director · since 25 juillet 2023 · until 25 juillet 2029

Active
Gürsel Usta

Director · since 21 août 2020 · until 03 octobre 2025

Active
Mehmet Ali Erdogan

Director · since 21 août 2020 · until 21 août 2026

Active
Yener CINER

Director · since 21 août 2020 · until 21 août 2026

Active

Ended mandates

Gökhan Şen

Managing director · since 25 juillet 2023 · until 25 juillet 2029

Ended
Turgay CINER

Director · since 26 mai 2021 · until 26 mai 2027

Ended
Gürsel USTA

Director · since 21 août 2020 · until 21 août 2026

Ended
Mehmet Ali ERDOGAN

Managing director · since 21 août 2020 · until 21 août 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates19/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other07/07/2025
    ALGEMENE VERGADERING
    PDF
  • Capital / shares28/05/2025
    KAPITAAL - AANDELEN
    PDF
  • Registered office30/12/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates27/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025-16,6 M €↓
  2. 2024
    Annual accounts 2024-12,2 M €↓
  3. 2023
    Annual accounts 2023-3,8 M €↓
  4. 2022
    Annual accounts 2022-1,7 M €↓
  5. 2021
    Annual accounts 2021-926,1 k €
  6. 21/08/2020
    IncorporationPublic limited company