SINICO
ActiveSummary
SINICO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332k and a net result of €49k. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+5
Solvency87▼-10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 3.34 in 2024; short-term debt: 38.2% and cash: 13% of total assets), and 38.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
61.6%
Return on assets
9.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
on the day
2022
31 d late
2021
82 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€332k▼ 31.2%
2024 · €483k
2018: €528k
2019: €551k
2020: €511k
2021: €483k
2022: €411k
2023: €447k
2024: €483k
2018 → 2025
Total assets
€539k▼ 20.1%
2024 · €675k
2018: €572k
2019: €554k
2020: €594k
2021: €589k
2022: €526k
2023: €504k
2024: €675k
2018 → 2025
Net result
€49k▲ 39.5%
2024 · €35k
2018: €19k
2019: €24k
2020: €16k
2021: €28k
2022: €28k
2023: €36k
2024: €35k
2018 → 2025
Working capital
€309k▼ 31.4%
2024 · €450k
2018: €474k
2019: €500k
2020: €431k
2021: €424k
2022: €361k
2023: €406k
2024: €450k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€483k-€411k▼ 14.9%€447k▲ 8.9%€483k▲ 7.9%€332k▼ 31.2%
Operating result€33k-€27k▼ 18.2%€43k▲ 61.9%€31k▼ 28.3%€57k▲ 84.4%
Net result€28k-€28k▼ 0.3%€36k▲ 29.1%€35k▼ 3.0%€49k▲ 39.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 84% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €539k
Fixed assets
€24k ▼ 26.4%
Current assets
€515k ▼ 19.8%
Equity and liabilities €539k
Equity
€332k ▼ 31.2%
Debt
€207k ▲ 7.7%
Debt's share of the balance-sheet total rises from 28.5% to 38.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66k▲
2024 · €40k
Cash flow
€58k▲
2024 · €44k
Current ratio
2.50▼
2024 · 3.34
Debt to equity
0.62▲
2024 · 0.40
ROE
14.9%▲
2024 · 7.3%
ROA
9.2%▲
2024 · 5.2%
Interest coverage
37.36▲
2024 · 22.94
Debt ≤ 1 year
€206k▲
2024 · €192k
Income taxes
€25k▲
2024 · €14k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€675k€539k▼
Fixed assets21/28€33k€24k▼
Tangible fixed assets22/27€31k€23k▼
Other tangible fixed assets26€31k€23k▼
Financial fixed assets28€2k€2k=
Current assets29/58€642k€515k▼
Amounts receivable after more than one year29€42k€42k=
Other amounts receivable291€42k€42k=
Amounts receivable within one year40/41€189k€191k▲
Trade receivables40€17k€17k=
Other amounts receivable41€173k€174k▲
Current investments50/53€191k€211k▲
Cash at bank and in hand54/58€215k€70k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€675k€539k▼
Equity10/15€483k€332k▼
Contributions10/11€19k€19k=
Reserves13€464k€314k▼
Distributable reserves133€464k€314k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€192k€207k▲
Amounts payable within one year42/48€192k€206k▲
Current portion of amounts payable after more than one year42-€8k
Trade debts44€5k€12k▲
Suppliers440/4€5k€12k▲
Taxes, remuneration and social security45€18k€24k▲
Taxes450/3€18k€24k▲
Other amounts payable47/48€169k€162k▼
Accrued charges and deferred income492/3-€780
Income statement
Code20242025
Non-recurring operating income76A-€598
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€878€886▲
Gross operating margin9900€41k€67k▲
Operating profit (loss)9901€31k€57k▲
Financial income75/76B€21k€19k▼
Recurring financial income75€16k€12k▼
Non-recurring financial income76B€5k€7k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€50k€74k▲
Income taxes67/77€14k€25k▲
Profit (loss) for the period9904€35k€49k▲
Profit (loss) for the period to be appropriated9905€35k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€49k▲
Transfer from equity791/2-€200k
Transfer to equity691/2€35k€49k▲
To other reserves6921€35k€49k▲
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €49k ▲39.5%
Operating result €57k, net result €49k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €16k ▼32.3%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Liquidity times 15current ratio 173.54
Current ratio from 11.67 to 173.54; short-term debt falls from €44k to €3k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beringen
Ground area
4,470 m²
Building footprint
199 m²
Volume, LiDAR
1,108 m³
Parcel 71004A0575/04Y000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0575/04Y000 | Flanders | 4,470 m² | 1 · 199 m² | 8.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900AIEIMZ9BJXUX30
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,982 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2000
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.