Sine Labore Nihil
ActiveSine Labore Nihil has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320k and a net result of €110k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-5
Solvency42▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.6 in 2024; short-term debt: 37.8% and cash: 10.8% of total assets), and 82.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.2%
Return on assets
5.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €320k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
59 d late
2023
61 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
89 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€320k▲ 52.3%
2024 · €210k
2018: €-202k
2019: €-187k
2020: €-170k
2021: €-161k
2022: €-144k
2023: €13k
2024: €210k
2018 → 2025
Total assets
€1.86M▼ 11.0%
2024 · €2.09M
2018: €539k
2019: €517k
2020: €492k
2021: €558k
2022: €904k
2023: €1.45M
2024: €2.09M
2018 → 2025
Net result
€110k▼ 44.2%
2024 · €197k
2018: €11k
2019: €14k
2020: €17k
2021: €9k
2022: €17k
2023: €157k
2024: €197k
2018 → 2025
Working capital
€-475k▼ 24.0%
2024 · €-383k
2018: €-238k
2019: €-243k
2020: €-237k
2021: €-169k
2022: €193k
2023: €637k
2024: €-383k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-161k-€-144k▲ 10.5%€13k€210k▲ 1,486%€320k▲ 52.3%
Operating result€26k-€38k▲ 46.9%€176k▲ 365%€280k▲ 58.6%€163k▼ 41.8%
Net result€9k-€17k▲ 86.3%€157k▲ 830%€197k▲ 24.9%€110k▼ 44.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.86M
Fixed assets
€1.63M▲ 7.5%
Current assets
€227k▼ 60.1%
Equity and liabilities €1.86M
Equity
€320k▲ 52.3%
Debt
€1.54M▼ 18.0%
The debt ratio falls from 89.9% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€196k▼
2024 · €309k
Cash flow
€143k▼
2024 · €226k
Solvency
17.2%▲
2024 · 10.1%
Current ratio
0.32▼
2024 · 0.60
Quick ratio
0.32▼
2024 · 0.39
Debt / equity
4.81▼
2024 · 8.95
ROE
34.3%▼
2024 · 93.7%
ROA
5.9%▼
2024 · 9.4%
Interest coverage
11.97▼
2024 · 16.69
Debt
€1.54M▼
2024 · €1.88M
Debt ≤ 1 year
€703k▼
2024 · €953k
Debt > 1 year
€834k▼
2024 · €923k
Income taxes
€38k▼
2024 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.09M€1.86M▼
Fixed assets21/28€1.52M€1.63M▲
Tangible fixed assets22/27€1.52M€1.63M▲
Land and buildings22€1.52M€1.63M▲
Current assets29/58€569k€227k▼
Stocks and contracts in progress3€196k-
Stocks30/36€196k-
Amounts receivable within one year40/41-€25k
Trade receivables40-€22k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€372k€201k▼
Deferred charges and accrued income490/1€508€818▲
Equity and liabilities
Total equity and liabilities10/49€2.09M€1.86M▼
Equity10/15€210k€320k▲
Contributions10/11€20k€20k=
Reserves13€190k€300k▲
Distributable reserves133€190k€300k▲
Amounts payable17/49€1.88M€1.54M▼
Amounts payable after more than one year17€923k€834k▼
Financial debts170/4€923k€834k▼
Amounts payable within one year42/48€953k€703k▼
Current portion of amounts payable after more than one year42€87k€89k▲
Trade debts44€44k€57k▲
Suppliers440/4€44k€57k▲
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€45k€5k▼
Taxes450/3€45k€5k▼
Other amounts payable47/48€776k€551k▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€33k▲
Other operating charges640/8€63k€7k▼
Gross operating margin9900€372k€203k▼
Operating profit (loss)9901€280k€163k▼
Financial income75/76B-€913
Recurring financial income75-€913
Non-recurring financial income76B-€913
Financial charges65/66B€19k€16k▼
Recurring financial charges65€19k€16k▼
Profit (loss) for the period before taxes9903€261k€147k▼
Income taxes67/77€65k€38k▼
Profit (loss) for the period9904€197k€110k▼
Profit (loss) for the period to be appropriated9905€197k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€190k€110k▼
Profit (loss) brought forward from the previous period14P€-7k-
Transfer to equity691/2€190k€110k▼
To other reserves6921€190k€110k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Highest result since 2018net €197k ▲24.9%
Operating result €280k, net result €197k, both a record.
31-12
Financial
Equity above €200kEq €210k ▲1486%
7 profitable years in a row build equity to €210k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 1.66
Current ratio from 0.40 to 1.66.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €9k ▼47.3%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Grobbendonk · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergstraat 12280 GrobbendonkGround area
1,035 m²
Building footprint
149 m²
Volume, LiDAR
1,002 m³
Parcel 13010B0145/00K000, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sine Labore Nihil
since 20092.316.827.083
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010B0145/00K000 | Flanders | 1,035 m² | 1 · 149 m² | 12.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WIM BEYAERT PROJECTS
BE 0675.845.520
Zwevegem · Eq €320k
ESTIA IMMO
BE 0742.920.030
Brussel · Eq €320k
SOBASIM
BE 0564.714.006
Bassenge · Eq €319k
GUESTIMMO
BE 0811.424.794
Oudergem · Eq €320k
IMMO YADA
BE 0818.125.516
Maldegem · Eq €320k
Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 5,113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-03-2009
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.