ACTIVE

CYNARA

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Financial year 2025 · closed on 31/12/2025

Net result

40,2 k €

+48.1% YoY

Gross margin

305,6 k €

+14.3% YoY

Equity

413,9 k €

+10.8% YoY

What does CYNARA do?

CYNARA is a Private limited company incorporated in 2003. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.412.845

Incorporation

29/12/2003

Legal form

Private limited company

Registered office

Rue Archimède 29
1000 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores 52310Warehousing and support activities for transportation

Joint committees (1)

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	305,6 k €	+14.3%	267,4 k €	-15.4%	316,2 k €	-0.9%	318,9 k €	+51.1%	211 k €	+1.5%	208 k €	-14.4%	242,9 k €	-8.8%	266,3 k €	+0.7%	264,5 k €	-3.4%	273,7 k €	-16.8%	329,1 k €	+3.1%	319 k €	+15.3%	276,8 k €	+218%	87 k €	-59.0%	212,4 k €	-2.6%	218 k €	+24.9%	174,6 k €	+34.0%	130,3 k €	+12.7%	115,6 k €	+22.0%	94,8 k €
EBITDA	111,8 k €	+46.1%	76,5 k €	-40.3%	128,1 k €	-34.1%	194,3 k €	+46.0%	133 k €	+30.7%	101,7 k €	+3.5%	98,3 k €	-22.9%	127,5 k €	+1.9%	125,2 k €	-9.4%	138,2 k €	-15.8%	164 k €	-10.2%	182,7 k €	+22.6%	149 k €	+292%	-77,5 k €	-242%	54,7 k €	+11.3%	49,1 k €	+13.4%	43,3 k €	+41.4%	30,6 k €	+9.2%	28 k €	+24.9%	22,4 k €
Operating result	66,4 k €	-2.7%	68,2 k €	-14.6%	79,9 k €	-29.9%	113,9 k €	+115%	53 k €	+35.5%	39,1 k €	-1.7%	39,8 k €	-44.3%	71,4 k €	+0.4%	71,2 k €	-18.6%	87,5 k €	-22.9%	113,5 k €	-13.6%	131,3 k €	+13.9%	115,3 k €	+195%	-121,9 k €	-1549%	8,4 k €	-64.0%	23,4 k €	+31.5%	17,8 k €	+91.6%	9,3 k €	-30.8%	13,4 k €	+10.2%	12,2 k €
Net result	40,2 k €	+48.1%	27,1 k €	-45.6%	49,9 k €	-23.5%	65,3 k €	+92.2%	34 k €	+62.9%	20,9 k €	-7.5%	22,5 k €	-15.4%	26,6 k €	-26.6%	36,3 k €	-20.2%	45,5 k €	-50.9%	92,5 k €	-34.7%	141,6 k €	+94.0%	73 k €	+143%	-167,9 k €	-895%	-16,9 k €	-218%	14,4 k €	-9.8%	15,9 k €	+253%	4,5 k €	-44.9%	8,2 k €	+233%	2,5 k €
Balance sheet
Equity	413,9 k €	+10.8%	373,8 k €	+7.8%	346,6 k €	+16.8%	296,7 k €	+28.2%	231,5 k €	+17.2%	197,5 k €	+11.8%	176,6 k €	+14.6%	154,1 k €	+20.9%	127,5 k €	+39.8%	91,2 k €	+99.4%	45,7 k €	+37.6%	33,2 k €	+217%	-28,3 k €	+72.0%	-101,3 k €	-252%	66,6 k €	-20.2%	83,5 k €	+20.8%	69,1 k €	+29.9%	53,2 k €	+9.3%	48,7 k €	+20.2%	40,5 k €
Total assets	1,2 M €	+5.4%	1,2 M €	-2.1%	1,2 M €	-4.8%	1,2 M €	+8.7%	1,1 M €	+32.3%	860,3 k €	-4.2%	897,7 k €	-2.3%	918,9 k €	+5.5%	870,8 k €	+9.9%	792,4 k €	-5.0%	833,7 k €	+6.4%	783,6 k €	+5.7%	741,2 k €	+21.7%	608,8 k €	-0.6%	612,5 k €	-1.5%	621,6 k €	-7.8%	674,2 k €	+7.9%	625 k €	+24.7%	501,1 k €	-5.0%	527,6 k €
Cash	97,1 k €	-2.1%	99,2 k €	-34.0%	150,2 k €	-35.2%	231,7 k €	+12.4%	206,1 k €	+84.7%	111,6 k €	+58.9%	70,2 k €	-12.6%	80,3 k €	+36.8%	58,7 k €	+76.3%	33,3 k €	-32.8%	49,6 k €	+4.2%	47,6 k €	+26.8%	37,5 k €	+53.4%	24,5 k €	+324%	5,8 k €	+43.4%	4 k €	-66.9%	12,1 k €	-22.3%	15,6 k €	+125%	6,9 k €	+3.3%	6,7 k €
Debts	801,2 k €	+4.3%	768,5 k €	-6.2%	819,3 k €	-11.7%	928,2 k €	+3.8%	894,5 k €	+37.4%	650,8 k €	-8.2%	709,1 k €	-5.8%	752,8 k €	+2.9%	731,3 k €	+8.0%	677,2 k €	-11.2%	762,8 k €	+1.8%	749,1 k €	-2.6%	769,4 k €	+8.3%	710,1 k €	+30.1%	545,9 k €	+1.4%	538,1 k €	-11.1%	605 k €	+5.8%	571,8 k €	+26.4%	452,4 k €	-7.1%	487,1 k €
Other
Workforce	–		–		–		2,8 ETP		–		3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP		–		–		3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+15.4%	2,6 ETP	-3.7%	2,7 ETP	-10.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Mohamed Rahmoun

Director · since 01 octobre 2012

Active

Ended mandates

Mohamed Anis RAHMOUN

Manager · since 01 octobre 2012

Ended

Caroline Schoon

Manager

Ended

Caroline SCHOON

Mandate

Ended

CAROLINE SCHOON

Manager · until 30 septembre 2012

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	29/08/2026	30/09/2025	31/08/2024	03/11/2023	18/10/2022	29/10/2021
General meeting	31/05/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	29/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/05/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	31/05/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	31/08/2024	French	PDF
Abridged model	31/12/2022	31/05/2023	03/11/2023	French	PDF
Micro model	31/12/2021	31/05/2022	18/10/2022	French	PDF
Abridged model	31/12/2020	29/05/2021	29/10/2021	French	PDF
Abridged model	31/12/2019	30/05/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	18/09/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	21/07/2011	French	PDF
Abridged model	31/12/2009	29/05/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	30/05/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 4 ended

Active mandates

Mohamed Rahmoun

Director · since 01 octobre 2012

Active

Ended mandates

Mohamed Anis RAHMOUN

Manager · since 01 octobre 2012

Ended

Caroline Schoon

Manager

Ended

Caroline SCHOON

Mandate

Ended

CAROLINE SCHOON

Manager · until 30 septembre 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Restructuring23/01/2014
DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring01/10/2013
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office30/07/2013
SIEGE SOCIAL
PDF
Mandates07/11/2012
DEMISSIONS, NOMINATIONS
PDF
Registered office16/07/2007
SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other09/01/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202540,2 k €↑
2024
Annual accounts 202427,1 k €↓
2023
Annual accounts 202349,9 k €↓
2022
Annual accounts 202265,3 k €↑
2021
Annual accounts 202134 k €↑
2020
Annual accounts 202020,9 k €↓
2019
Annual accounts 201922,5 k €↓
2018
Annual accounts 201826,6 k €↓
2017
Annual accounts 201736,3 k €↓
2016
Annual accounts 201645,5 k €↓
2015
Annual accounts 201592,5 k €↓
2014
Annual accounts 2014141,6 k €↑
2013
Annual accounts 201373 k €↑
2012
Annual accounts 2012-167,9 k €↓
2011
Annual accounts 2011-16,9 k €↓
2010
Annual accounts 201014,4 k €↓
2009
Annual accounts 200915,9 k €↑
2008
Annual accounts 20084,5 k €↓
2007
Annual accounts 20078,2 k €↑
2006
Annual accounts 20062,5 k €
29/12/2003
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

CYNARA

Overview

What does CYNARA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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