ACTIVE

CinemaNext

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Financial year 2025 · closed on 31/12/2025

Net result

-2,3 M €

-1774.9% YoY

Revenue

7,1 M €

-51.3% YoY

Equity

2,8 M €

-45.2% YoY

Workforce

29,0 ETP

-31.9% YoY

What does CinemaNext do?

CinemaNext is a Public limited company incorporated in 2004. Its main activity is: Motion picture, video and television programme distribution activities. Its registered office is in Liège. It employs on average 29,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.818.337

Incorporation

08/06/2004

Legal form

Public limited company

Registered office

Chaussée de Tongres 257
4000 Liège · WallonieSee on map

Contributed capital

3 033 971,00 €

Latest accounts

31/12/2025

Average workforce

29,0 ETP

Activities (NACE)

59130Motion picture, video and television programme distribution activities· main 59130Motion picture, video and television programme distribution activities 90023Support activities to performing arts 90393Creative, arts and entertainment activities 92120Gambling and betting activities 58190Other publishing activities+3

Joint committees (3)

111.108
209
209.080

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Revenue	7,1 M €	-51.3%	14,7 M €	-20.5%	18,4 M €	+0.5%	18,3 M €	+7.6%	17 M €	-7.3%	18,4 M €	-57.0%	42,8 M €	-6.6%	45,8 M €	-24.0%	60,3 M €	-14.9%	70,8 M €	-14.3%	82,6 M €	+4.6%	79 M €	+102%	39,1 M €	+81.7%	21,5 M €	+46.0%	14,7 M €	+20.2%	12,3 M €	+44.5%	8,5 M €	+45.0%	5,9 M €	+171%	2,2 M €
EBITDA	-1,5 M €	-209%	1,3 M €	+724%	-216 k €	+92.4%	-2,8 M €	-29.7%	-2,2 M €	+46.7%	-4,1 M €	-170%	5,9 M €	-57.2%	13,8 M €	-36.9%	21,8 M €	-29.5%	31 M €	-21.1%	39,2 M €	+2.7%	38,2 M €	+4786%	781,8 k €	-8.2%	851,5 k €	-0.0%	851,9 k €	-53.4%	1,8 M €	+34.1%	1,4 M €	+561%	-295,9 k €	+89.0%	-2,7 M €
Operating result	-1 M €	-794%	148,7 k €	+122%	-685,7 k €	+18.3%	-839,6 k €	+70.1%	-2,8 M €	+53.7%	-6,1 M €	-118%	-2,8 M €	-215%	2,4 M €	-55.0%	5,4 M €	-49.2%	10,6 M €	-6.7%	11,4 M €	-1.6%	11,5 M €	+3257%	-365,7 k €	+66.6%	-1,1 M €	+53.2%	-2,3 M €	-1.9%	-2,3 M €	+24.6%	-3 M €	+43.8%	-5,4 M €	+13.3%	-6,2 M €
Net result	-2,3 M €	-1775%	139,7 k €	+112%	-1,1 M €	-169%	-417,9 k €	+86.8%	-3,2 M €	+60.4%	-8 M €	-205%	-2,6 M €	-321%	1,2 M €	-69.4%	3,9 M €	-55.5%	8,7 M €	+45.1%	6 M €	-1.6%	6,1 M €	+505%	1 M €	+7690%	12,9 k €	-99.4%	2,2 M €	+174%	-2,9 M €	+27.7%	-4,1 M €	+37.3%	-6,5 M €	-0.4%	-6,5 M €
Balance sheet
Equity	2,8 M €	-45.2%	5,2 M €	+2.8%	5 M €	-18.2%	6,2 M €	-6.4%	6,6 M €	-32.4%	9,7 M €	-71.9%	34,7 M €	-7.0%	37,3 M €	+3.3%	36,2 M €	+12.0%	32,3 M €	+36.8%	23,6 M €	+34.0%	17,6 M €	+52.8%	11,5 M €	+9.5%	10,5 M €	+0.1%	10,5 M €	+24.9%	8,4 M €	-26.7%	11,5 M €	+437%	2,1 M €	-68.8%	6,9 M €
Total assets	14,2 M €	-21.2%	18,1 M €	-9.6%	20 M €	-9.6%	22,1 M €	+17.0%	18,9 M €	-12.8%	21,7 M €	-60.5%	54,9 M €	-10.9%	61,6 M €	-12.3%	70,2 M €	-10.9%	78,8 M €	-23.6%	103,1 M €	-21.8%	131,9 M €	+291%	33,7 M €	-15.7%	40 M €	+22.9%	32,6 M €	-8.6%	35,6 M €	+22.6%	29,1 M €	-0.3%	29,1 M €	+54.5%	18,9 M €
Cash	41,3 k €	-85.6%	286 k €	-42.3%	495,7 k €	+345%	111,5 k €	-36.1%	174,5 k €	-85.6%	1,2 M €	-20.9%	1,5 M €	+491%	258,6 k €	-94.9%	5,1 M €	-11.7%	5,8 M €	-2.8%	6 M €	-42.7%	10,4 M €	+652%	1,4 M €	+28.6%	1,1 M €	-33.5%	1,6 M €	+271%	435,4 k €	-55.9%	987,5 k €	+29.4%	763,4 k €	+77.5%	430,1 k €
Debts	10,9 M €	-15.0%	12,8 M €	-13.7%	14,9 M €	-6.3%	15,9 M €	+29.8%	12,2 M €	+4.8%	11,7 M €	-40.9%	19,8 M €	-11.0%	22,2 M €	-22.2%	28,6 M €	-24.9%	38 M €	-43.0%	66,8 M €	-29.7%	95 M €	+343%	21,4 M €	-25.7%	28,9 M €	+40.9%	20,5 M €	-15.7%	24,3 M €	+60.1%	15,2 M €	-38.2%	24,6 M €	+120%	11,2 M €
Other
Workforce	29,0 ETP	-31.9%	42,6 ETP	+3.6%	41,1 ETP	-7.0%	44,2 ETP	-4.1%	46,1 ETP	-13.0%	53,0 ETP	-20.9%	67,0 ETP	-4.3%	70,0 ETP	-9.1%	77,0 ETP	-7.2%	83,0 ETP	+1.2%	82,0 ETP	-1.2%	83,0 ETP	-5.7%	88,0 ETP	+15.9%	75,9 ETP	+29.1%	58,8 ETP	0.0%	58,8 ETP	+21.0%	48,6 ETP	+6.1%	45,8 ETP	+17.1%	39,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 88 ended

Active mandates

JEAN MIZRAHI

Managing director · since 31 juillet 2023 · until 25 avril 2029

Active

THIERRY LESCASSE

Director · since 01 septembre 2020 · until 29 avril 2026

Active

Ended mandates

GEORGES GARIC

Director · since 31 juillet 2023 · until 15 novembre 2024

Ended

GEORGES GARIC

Director · since 31 juillet 2023 · until 25 avril 2029

Ended

GEORGES GARIC

Director · since 08 juin 2018 · until 26 avril 2023

Ended

CHRISTOPHE LACROIX

Director · since 16 juin 2017 · until 30 juin 2020

Ended

At this address

Other companies at this address

Company	CBE no.
COM & MANAGEMENT● Active	0822.562.968
CONTROLE INDUSTRIEL BELGE - BELGISCHE INDUSTRIELE CONTROLE● Active	0463.529.247
CUISIPRO● Bankrupt	0786.786.992
NEXUS COMMUNICATION● Active	0841.998.206
NEXUS COMMUNICATION HOLDING● Active	1019.630.445
SOCOTEC BELGIUM● Active	0406.671.312
SOCOTEC BELGIUM● Active	0862.742.249

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/06/2026	17/07/2025	05/07/2024	24/08/2023	08/07/2022	28/01/2022
General meeting	27/05/2026	04/07/2025	03/07/2024	23/08/2023	30/06/2022	28/01/2022
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

27 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	15/06/2026	French	PDF
Full model	31/12/2024	04/07/2025	17/07/2025	French	PDF
Full model	31/12/2023	03/07/2024	05/07/2024	French	PDF
Full model	31/12/2022	23/08/2023	24/08/2023	French	PDF
Full model	31/12/2021	30/06/2022	08/07/2022	French	PDF
Full model	31/12/2020	28/01/2022	28/01/2022	French	PDF
Full modelCorrection	31/12/2019	25/09/2020	07/10/2020	French	PDF
Full model	31/12/2019	04/09/2020	25/09/2020	French	PDF
Full model	31/12/2018	29/06/2019	23/07/2019	French	PDF
Full model	31/12/2017	20/06/2018	28/06/2018	French	PDF
Full model	31/12/2016	16/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	16/06/2016	29/06/2016	French	PDF
m120-f-p	31/12/2015	16/06/2016	29/06/2016	French	PDF
Full model	31/12/2014	20/05/2015	03/06/2015	French	PDF
m120-f-p	31/12/2014	20/05/2015	03/06/2015	French	PDF
Full model	31/12/2013	30/04/2014	23/05/2014	French	PDF
m120-f-p	31/12/2013	30/04/2014	23/05/2014	French	PDF
Full model	31/12/2012	24/04/2013	24/05/2013	French	PDF
m120-f-p	31/12/2012	24/04/2013	27/05/2013	French	PDF
Full model	31/12/2011	09/05/2012	01/06/2012	French	PDF
m120-f-pCorrection	31/12/2011	09/05/2012	26/11/2012	French	PDF
m120-f-p	31/12/2011	09/05/2012	01/06/2012	French	PDF
Full model	31/12/2010	27/04/2011	26/05/2011	French	PDF
Full model	31/12/2009	28/04/2010	27/05/2010	French	PDF

View all 27 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 88 ended

Active mandates

JEAN MIZRAHI

Managing director · since 31 juillet 2023 · until 25 avril 2029

Active

THIERRY LESCASSE

Director · since 01 septembre 2020 · until 29 avril 2026

Active

Ended mandates

GEORGES GARIC

Director · since 31 juillet 2023 · until 15 novembre 2024

Ended

GEORGES GARIC

Director · since 31 juillet 2023 · until 25 avril 2029

Ended

GEORGES GARIC

Director · since 08 juin 2018 · until 26 avril 2023

Ended

CHRISTOPHE LACROIX

Director · since 16 juin 2017 · until 30 juin 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates17/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates09/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates30/04/2021
DEMISSIONS, NOMINATIONS
PDF
Restructuring25/11/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates04/09/2019
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-2,3 M €↓
2024
Annual accounts 2024139,7 k €↑
23/12/2024
reduction_capital
02/12/2024
nominationJean Mizrahi — administrateur délégué à la gestion journalière
2023
Annual accounts 2023-1,1 M €↓
26/04/2023
nominationJean Mizrahi — administrateur
26/04/2023
nominationGeorges Garic — administrateur
2022
Annual accounts 2022-417,9 k €↑
2021
Annual accounts 2021-3,2 M €↑
2020
Annual accounts 2020-8 M €↓
2019
Annual accounts 2019-2,6 M €↓
2019
Name changeCinemaNext
2018
Annual accounts 20181,2 M €↓
2017
Annual accounts 20173,9 M €↓
2016
Annual accounts 20168,7 M €↑
2015
Annual accounts 20156 M €↓
2014
Annual accounts 20146,1 M €↑
2013
Annual accounts 20131 M €↑
2012
Annual accounts 201212,9 k €↓
2012
Name changedcinex
2011
Annual accounts 20112,2 M €↑
2010
Annual accounts 2010-2,9 M €↑
2009
Annual accounts 2009-4,1 M €↑
2008
Annual accounts 2008-6,5 M €↓
2006
Annual accounts 2006-6,5 M €
2006
Name changeXDC
08/06/2004
IncorporationPublic 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

CinemaNext

Overview

What does CinemaNext do?

Trend over 19 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