CINALCO
ActiveSummary
The computed 12-month bankruptcy probability of CINALCO is 2.0% (moderate). The 2024 annual accounts show equity of €87k and a net result of €6k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 5893 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+75
Solvency100▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 3.85 against 2.53 in 2023; short-term debt: 25.4% and cash: 71.4% of total assets), and 25.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2026, 343 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
343 d late
2023
49 d late
2022
415 d late
2021
366 d late
2020
90 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€87k▲ 7.6%
2023 · €81k
2018: €66klowest in 7 years
2019: €80k▲ +20.7% vs 2018
2020: €101k▲ +26.6% vs 2019
2021: €119k▲ +17.3% vs 2020highest in 7 years
2022: €114k▼ -3.7% vs 2021
2023: €81k▼ -29.6% vs 2022
2024: €87k▲ +7.6% vs 2023
2018 → 2024
Total assets
€116k▼ 10.9%
2023 · €130k
2018: €90klowest in 7 years
2019: €102k▲ +13.4% vs 2018
2020: €133k▲ +30.5% vs 2019
2021: €163k▲ +22.5% vs 2020
2022: €165k▲ +1.1% vs 2021highest in 7 years
2023: €130k▼ -21.0% vs 2022
2024: €116k▼ -10.9% vs 2023
2018 → 2024
Net result
€6k
2023 · €-34k
2018: €54khighest in 7 years
2019: €14k▼ -74.5% vs 2018
2020: €21k▲ +55.5% vs 2019
2021: €18k▼ -17.8% vs 2020
2022: €-4k▼ -125% vs 2021
2023: €-34k▼ -677% vs 2022lowest in 7 years
2024: €6k▲ +118% vs 2023
2018 → 2024
Working capital
€84k▲ 10.3%
2023 · €76k
2018: €65klowest in 7 years
2019: €78k▲ +18.8% vs 2018
2020: €100k▲ +28.9% vs 2019
2021: €115k▲ +14.6% vs 2020highest in 7 years
2022: €111k▼ -3.1% vs 2021
2023: €76k▼ -31.3% vs 2022
2024: €84k▲ +10.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€101k-€119k▲ 17.3%€114k▼ 3.7%€81k▼ 29.6%€87k▲ 7.6%
2020: €101k
2021: €119k▲ +17.3% vs 2020highest in 5 years
2022: €114k▼ -3.7% vs 2021
2023: €81k▼ -29.6% vs 2022lowest in 5 years
2024: €87k▲ +7.6% vs 2023
Operating result€22k-€27k▲ 22.7%€-5k€-32k▼ 557%€6k
2020: €22k
2021: €27k▲ +22.7% vs 2020highest in 5 years
2022: €-5k▼ -118% vs 2021
2023: €-32k▼ -557% vs 2022lowest in 5 years
2024: €6k▲ +119% vs 2023
Net result€21k-€18k▼ 17.8%€-4k€-34k▼ 677%€6k
2020: €21khighest in 5 years
2021: €18k▼ -17.8% vs 2020
2022: €-4k▼ -125% vs 2021
2023: €-34k▼ -677% vs 2022lowest in 5 years
2024: €6k▲ +118% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €6k after a loss of €32k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€3k ▼ 40.1%
Current assets
€114k ▼ 9.9%
Equity and liabilities €116k
Equity
€87k ▲ 7.6%
Debt
€30k ▼ 40.8%
Debt's share of the balance-sheet total falls from 38.2% to 25.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2023 · €-29k
Cash flow
€9k▲
2023 · €-31k
Current ratio
3.85▲
2023 · 2.53
Debt to equity
0.34▼
2023 · 0.62
ROE
7.0%▲
2023 · -42.0%
ROA
5.2%▲
2023 · -26.0%
Interest coverage
54.46▲
2023 · -125.78
Debt ≤ 1 year
€30k▼
2023 · €50k
Income taxes
€388▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€130k€116k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€126k€114k▼
Amounts receivable within one year40/41€48k€30k▼
Trade receivables40€40k€5k▼
Other amounts receivable41€8k€25k▲
Cash at bank and in hand54/58€78k€83k▲
Deferred charges and accrued income490/1€682€841▲
Equity and liabilities
Total equity and liabilities10/49€130k€116k▼
Equity10/15€81k€87k▲
Contributions10/11€12k€12k=
Reserves13€85k€85k=
Distributable reserves133€85k€85k=
Profit (loss) carried forward14€-17k€-11k▲
Amounts payable17/49€50k€30k▼
Amounts payable within one year42/48€50k€30k▼
Trade debts44€29k€25k▼
Suppliers440/4€29k€25k▼
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Other amounts payable47/48€15k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-26k€11k▲
Operating profit (loss)9901€-32k€6k▲
Financial income75/76B€12€541▲
Recurring financial income75€12€541▲
Financial charges65/66B€232€159▼
Recurring financial charges65€232€159▼
Profit (loss) for the period before taxes9903€-32k€6k▲
Income taxes67/77€2k€388▼
Profit (loss) for the period9904€-34k€6k▲
Profit (loss) for the period to be appropriated9905€-34k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-11k▲
Profit (loss) brought forward from the previous period14P€17k€-17k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €3k | €3k | ▼ 11.0% |
| Other operating charges640/8 | - | €5k | €3k | €3k | €2k | ▼ 17.9% |
| Gross operating margin9900 | €25k | €33k | €493 | €-26k | €11k | ▲ 142% |
| Operating profit (loss)9901 | €22k | €27k | €-5k | €-32k | €6k | ▲ 119% |
| Financial income75/76B | - | €3k | €2k | €12 | €541 | ▲ 4,262% |
| Recurring financial income75 | €6k | €3k | €2k | €12 | €541 | ▲ 4,262% |
| Financial charges65/66B | - | €1k | €523 | €232 | €159 | ▼ 31.6% |
| Recurring financial charges65 | €470 | €1k | €523 | €232 | €159 | ▼ 31.6% |
| Profit (loss) for the period before taxes9903 | €28k | €28k | €-3k | €-32k | €6k | ▲ 120% |
| Income taxes67/77 | €6k | €11k | €1k | €2k | €388 | ▼ 76.3% |
| Profit (loss) for the period9904 | €21k | €18k | €-4k | €-34k | €6k | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | €21k | €18k | €-4k | €-34k | €6k | ▲ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133k | €163k | €165k | €130k | €116k | ▼ 10.9% |
| Fixed assets21/28 | €1k | €4k | €6k | €4k | €3k | ▼ 40.1% |
| Tangible fixed assets22/27 | €1k | €4k | €6k | €4k | €3k | ▼ 40.1% |
| Furniture and vehicles24 | - | €4k | €6k | €4k | €3k | ▼ 40.1% |
| Financial fixed assets28 | €138 | - | - | - | - | - |
| Current assets29/58 | €132k | €159k | €160k | €126k | €114k | ▼ 9.9% |
| Amounts receivable within one year40/41 | €69k | €81k | €72k | €48k | €30k | ▼ 37.5% |
| Trade receivables40 | - | €40k | €53k | €40k | €5k | ▼ 88.4% |
| Other amounts receivable41 | - | €41k | €20k | €8k | €25k | ▲ 230% |
| Cash at bank and in hand54/58 | €63k | €76k | €86k | €78k | €83k | ▲ 6.6% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €682 | €841 | ▲ 23.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133k | €163k | €165k | €130k | €116k | ▼ 10.9% |
| Equity10/15 | €101k | €119k | €114k | €81k | €87k | ▲ 7.6% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €68k | €85k | €85k | €85k | €85k | = |
| Distributable reserves133 | - | €85k | €85k | €85k | €85k | = |
| Profit (loss) carried forward14 | €21k | €21k | €17k | €-17k | €-11k | ▲ 36.1% |
| Amounts payable17/49 | €32k | €44k | €51k | €50k | €30k | ▼ 40.8% |
| Amounts payable within one year42/48 | €32k | €44k | €49k | €50k | €30k | ▼ 40.8% |
| Trade debts44 | €2k | €25k | €34k | €29k | €25k | ▼ 13.2% |
| Suppliers440/4 | - | €25k | €34k | €29k | €25k | ▼ 13.2% |
| Taxes, remuneration and social security45 | - | €20k | €15k | €6k | €4k | ▼ 25.5% |
| Taxes450/3 | - | €20k | €15k | €6k | €4k | ▼ 25.5% |
| Other amounts payable47/48 | - | - | - | €15k | - | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €18k | €-4k | €-34k | €6k | ▲ 118% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €3k | €3k | ▼ 11.0% |
| Operating cash flow (approximation) | €23k | €19k | €-2k | €-31k | €9k | ▲ 128% |
| Investment in fixed assets (approximation) | - | €-5k | €-3k | €-2k | €-805 | ▲ 51.7% |
| Change in cash | - | €13k | €10k | €-8k | €5k | ▲ 165% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 343 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 415 days late
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 366 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Equity above €100kEq €101k ▲26.6%
3 profitable years in a row build equity to €101k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2016
Ground area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
1 establishment unit
Cinalco
since 20162.260.259.356
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.260.259.356
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Of 7,006 companies in sector 81220 we hold annual accounts for 2,414. 2,037 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.