SINA
ActiveSummary
SINA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48k and a net result of €21k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 66% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability97▲+14
Solvency77▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.61 in 2023; short-term debt: 45.2% and cash: 69.7% of total assets), and 48.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.7%
Return on assets
22.6%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €48k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
78 d late
2022
29 d late
2021
29 d late
2020
30 d late
2019
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€48k▲ 77.8%
2023 · €27k
2018: €27k
2019: €30k
2020: €20k
2021: €27k
2022: €18k
2023: €27k
2018 → 2024
Total assets
€92k▲ 19.8%
2023 · €77k
2018: €46k
2019: €47k
2020: €44k
2021: €46k
2022: €49k
2023: €77k
2018 → 2024
Net result
€21k▲ 132%
2023 · €9k
2018: €2k
2019: €3k
2020: €-10k
2021: €7k
2022: €-9k
2023: €9k
2018 → 2024
Working capital
€49k▲ 69.6%
2023 · €29k
2018: €24k
2019: €28k
2020: €19k
2021: €26k
2022: €21k
2023: €29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20k-€27k▲ 35.8%€18k▼ 33.5%€27k▲ 50.6%€48k▲ 77.8%
Operating result€-10k-€7k€-9k€10k€24k▲ 153%
Net result€-10k-€7k€-9k€9k€21k▲ 132%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 153% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92k
Fixed assets
€1k ▲ 285%
Current assets
€91k ▲ 18.6%
Equity and liabilities €92k
Equity
€48k ▲ 77.8%
Debt
€45k ▼ 11.2%
Debt's share of the balance-sheet total falls from 65.2% to 48.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2023 · €10k
Cash flow
€21k▲
2023 · €9k
Current ratio
2.18▲
2023 · 1.61
Quick ratio
1.56▲
2023 · 0.65
Debt to equity
0.94▼
2023 · 1.87
ROE
43.8%▲
2023 · 33.6%
ROA
22.6%▲
2023 · 11.7%
Interest coverage
24.80▲
2023 · 16.56
Debt ≤ 1 year
€42k▼
2023 · €48k
Income taxes
€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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€77k€92k▲
Fixed assets21/28€328€1k▲
Tangible fixed assets22/27€289€1k▲
Plant, machinery and equipment23€289€1k▲
Financial fixed assets28€39€0▼
Current assets29/58€77k€91k▲
Stocks and contracts in progress3€46k€26k▼
Stocks30/36€46k€26k▼
Amounts receivable within one year40/41€11k€257▼
Trade receivables40€10k€0▼
Other amounts receivable41€1k€257▼
Current investments50/53€0-
Cash at bank and in hand54/58€20k€64k▲
Deferred charges and accrued income490/1-€654
Equity and liabilities
Total equity and liabilities10/49€77k€92k▲
Equity10/15€27k€48k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€6k€27k▲
Amounts payable17/49€50k€45k▼
Amounts payable within one year42/48€48k€42k▼
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Taxes, remuneration and social security45€865€2k▲
Taxes450/3€865€2k▲
Other amounts payable47/48€37k€37k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€289€301▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€11k€27k▲
Operating profit (loss)9901€10k€24k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€599€995▲
Recurring financial charges65€599€995▲
Profit (loss) for the period before taxes9903€9k€23k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€9k€21k▲
Profit (loss) for the period to be appropriated9905€9k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€27k▲
Profit (loss) brought forward from the previous period14P€-3k€6k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €21k ▲132%
Operating result €24k, net result €21k, both a record.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-10k ▼399%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2011
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.
Grote Baan(MEL) 2859120 Beveren-Kruibeke-ZwijndrechtGround area
162 m²
Building footprint
161 m²
Volume, LiDAR
1,060 m³
Parcel 46016G0724/00H003, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ssina
since 20112.197.936.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016G0724/00H003 | Flanders | 162 m² | 1 · 161 m² | 9.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.197.936.361
Similar companies · same sector, comparable size
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BROTHER
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AAA IM2 Enterprises
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MAANVI
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,635 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
Founded25-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.