ACTIVE

CINAMON

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Financial year 2025 · closed on 31/12/2025

Net result

49,0 k €

+3.1% YoY

Gross margin

99,5 k €

-15.5% YoY

Equity

477,2 k €

+11.5% YoY

What does CINAMON do?

CINAMON is a Private limited company incorporated in 2005. Its main activity is: General medical practice activities. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.644.644

Incorporation

23/06/2005

Legal form

Private limited company

Registered office

Rue du Tir à la Cible(TOU) 46
7500 Tournai · WallonieSee on map

Contributed capital

31 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

86210General medical practice activities· main 86210General medical practice activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	99,5 k €	-15.5%	117,7 k €	-8.5%	128,7 k €	-9.8%	142,7 k €	-9.2%	157,1 k €	-13.7%	182,1 k €	+59.8%	114,0 k €	-9.4%	125,9 k €	-6.4%	134,5 k €	+6.1%	126,8 k €	-0.3%	127,2 k €	-25.2%	170,1 k €	+3.0%	165,2 k €	+3.5%	159,6 k €	+17.2%	136,1 k €	+7.4%	126,8 k €	-27.4%	174,5 k €
EBITDA	94,7 k €	-16.3%	113,1 k €	-6.7%	121,3 k €	-12.3%	138,3 k €	-7.7%	149,9 k €	-13.9%	174,0 k €	+71.1%	101,7 k €	-13.3%	117,3 k €	-10.7%	131,4 k €	+5.6%	124,4 k €	+0.7%	123,5 k €	-25.8%	166,4 k €	+2.5%	162,4 k €	+3.5%	156,9 k €	+17.5%	133,6 k €	+7.5%	124,3 k €	-28.1%	172,8 k €
Operating result	63,0 k €	-11.7%	71,4 k €	-6.0%	75,9 k €	-18.6%	93,3 k €	-9.7%	103,3 k €	-19.9%	129,0 k €	+87.1%	68,9 k €	-3.6%	71,5 k €	-33.8%	107,9 k €	+26.3%	85,5 k €	-28.5%	119,5 k €	-18.8%	147,2 k €	+0.5%	146,4 k €	+7.7%	135,9 k €	+20.6%	112,7 k €	+9.6%	102,8 k €	-20.2%	128,9 k €
Net result	49,0 k €	+3.1%	47,6 k €	+10.1%	43,2 k €	-27.4%	59,5 k €	-26.0%	80,3 k €	-5.9%	85,4 k €	+88.0%	45,4 k €	+5.4%	43,1 k €	-42.9%	75,5 k €	+23.7%	61,0 k €	+2.2%	59,7 k €	-31.6%	87,3 k €	-12.3%	99,5 k €	+3.0%	96,6 k €	+29.2%	74,8 k €	+11.4%	67,1 k €	-45.2%	122,4 k €
Balance sheet
Equity	477,2 k €	+11.5%	428,1 k €	-19.4%	531,0 k €	+8.9%	487,8 k €	-1.8%	496,8 k €	+19.2%	416,9 k €	+41.4%	294,8 k €	+18.2%	249,4 k €	+20.9%	206,3 k €	+57.7%	130,9 k €	-20.5%	164,6 k €	+56.9%	104,9 k €	-20.9%	132,6 k €	+301%	33,1 k €	-86.0%	236,5 k €	+46.3%	161,7 k €	+19.9%	134,8 k €
Total assets	619,6 k €	-3.2%	639,8 k €	-13.4%	738,9 k €	-7.5%	798,5 k €	-3.5%	827,5 k €	+4.0%	795,5 k €	+49.0%	533,9 k €	+3.0%	518,4 k €	-6.4%	553,9 k €	+3.0%	537,9 k €	+113%	252,8 k €	-26.9%	346,0 k €	+20.7%	286,7 k €	-45.1%	521,9 k €	+11.7%	467,2 k €	+16.1%	402,4 k €	+9.6%	367,0 k €
Cash	44,2 k €	-0.1%	44,2 k €	+91.2%	23,1 k €	-71.7%	81,9 k €	+39.6%	58,7 k €	-6.1%	62,4 k €	+212%	20,0 k €	+453%	3,6 k €	-89.5%	34,5 k €	-61.3%	89,1 k €	+130%	38,7 k €	+715%	4,7 k €	-93.0%	67,9 k €	-54.7%	149,9 k €	+19.1%	125,8 k €	+100.0%	62,9 k €	+13.1%	55,6 k €
Debts	142,4 k €	-32.7%	211,7 k €	+1.8%	207,9 k €	-33.1%	310,7 k €	-6.0%	330,7 k €	-12.6%	378,6 k €	+58.4%	239,0 k €	-11.2%	269,0 k €	-22.6%	347,6 k €	-14.6%	407,0 k €	+362%	88,2 k €	-63.4%	241,0 k €	+56.4%	154,1 k €	-68.5%	488,7 k €	+112%	230,7 k €	-4.1%	240,7 k €	+3.7%	232,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Blandine SCHAFFER

Director · since 20 mai 2005 · until 20 mai 2035

Active

Ended mandates

CINAMON SPRL

Manager · since 01 janvier 2012 · 0831.667.013

Represented by Blandine Schaffer

Ended

Blandine Schaffer

Manager · since 13 septembre 2011

Ended

Blandine Schaffer

Manager · since 23 juin 2005 · until 23 juin 2035

Ended

Blandine Schaffer

Manager · since 20 mai 2005 · until 20 mai 2035

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/05/2026	04/07/2025	22/08/2024	20/07/2023	26/08/2022	09/07/2021
General meeting	15/05/2026	27/06/2025	28/06/2024	29/06/2023	20/05/2022	21/05/2021
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
Micro model	31/12/2025	15/05/2026	28/05/2026	French	PDF
Micro model	31/12/2024	27/06/2025	04/07/2025	French	PDF
Micro model	31/12/2023	28/06/2024	22/08/2024	French	PDF
Micro model	31/12/2022	29/06/2023	20/07/2023	French	PDF
Micro model	31/12/2021	20/05/2022	26/08/2022	French	PDF
Micro model	31/12/2020	21/05/2021	09/07/2021	French	PDF
Micro model	31/12/2019	15/05/2020	17/07/2020	French	PDF
Micro model	31/12/2018	17/05/2019	16/07/2019	French	PDF
Micro model	31/12/2017	18/05/2018	16/07/2018	French	PDF
Micro model	31/12/2016	19/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	21/08/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	28/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 5 ended

Active mandates

Blandine SCHAFFER

Director · since 20 mai 2005 · until 20 mai 2035

Active

Ended mandates

CINAMON SPRL

Manager · since 01 janvier 2012 · 0831.667.013

Represented by Blandine Schaffer

Ended

Blandine Schaffer

Manager · since 13 septembre 2011

Ended

Blandine Schaffer

Manager · since 23 juin 2005 · until 23 juin 2035

Ended

Blandine Schaffer

Manager · since 20 mai 2005 · until 20 mai 2035

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates15/01/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/02/2018
CAPITAL, ACTIONS
PDF
Restructuring20/02/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring23/06/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office24/03/2016
SIEGE SOCIAL
PDF
Capital / shares15/01/2014
CAPITAL, ACTIONS
PDF
Mandates18/02/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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 202549,0 k €↑
2024
Annual accounts 202447,6 k €↑
2023
Annual accounts 202343,2 k €↓
2023
Name changeCINAMON
2022
Annual accounts 202259,5 k €↓
2021
Annual accounts 202180,3 k €↓
2021
Name changeCABINET MEDICAL BLANDINE SCHAFFER
2018
Annual accounts 201885,4 k €↑
2016
Annual accounts 201645,4 k €↑
2015
Annual accounts 201543,1 k €↓
2014
Annual accounts 201475,5 k €↑
2013
Annual accounts 201361,0 k €↑
2012
Annual accounts 201259,7 k €↓
2011
Annual accounts 201187,3 k €↓
2010
Annual accounts 201099,5 k €↑
2009
Annual accounts 200996,6 k €↑
2008
Annual accounts 200874,8 k €↑
2007
Annual accounts 200767,1 k €↓
2006
Annual accounts 2006122,4 k €
23/06/2005
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

CINAMON

Overview

What does CINAMON do?

Trend over 17 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