Liquidity
Short-term debts fell from €41,792 to €19,480.
Short-term debts fell from €41,792 to €19,480.
Ten of the last ten came late. The 2019 accounts came latest: 118 days after the end of the period.
Higher solvency than 87% of companies in retail trade. Sector median 33.4% · 25,263 companies.
In July 2024, 34,721 companies had the same profile as SINA has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,721 companies, not a prediction for SINA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| SINA Beveren-Kruibeke-Zwijndrecht | €100,497 | €53,131 | 80.6% | - |
| LA FINCA Woluwe-Saint-Pierre | €97,845 | €54,309 | 86.4% | - |
| MANIAS Namur | €114,268 | €55,171 | 20.2% | - |
| ANK BROTHER Kuurne | €83,923 | €49,374 | 61.3% | - |
| ONELIA Sint-Gillis (bij-Brussel) | €119,188 | €62,582 | 88.6% | - |
| Diwa Enterprises Beringen | €108,272 | €50,294 | 32.6% | - |
| terraGusto Durbuy | €102,534 | €41,489 | 0.1% | - |
These companies have the same main activity as SINA: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €83,900 and €119,000, founded between 2011 and 2013.
SINA files the micro format. That format states no turnover. The gross margin rose from €4,262 in 2011 to €53,131 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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