SINACO
Open bankruptcyFinancials · financial year 2024, unclassified schema
2024 annual accounts filed late (144 days) Filed on 22 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00589805.
Turnover
€105,000▲ 602%
2023 · €14,950
EBIT margin
7.0%▼ 204.2pp
2023 · 211.2%
Net result
-€422,689▼ 54.3%
2023 · -€273,929
Working capital
-€6.2m▼ 4.4%
2023 · -€6.0m
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen two years in a row; 2024 is 77% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.1m
2024
Operating result€0.007m
2024
Net result-€0.4m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€9.7m
2024
Equity€0.8m
2024
Debt€8.9m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€6.2m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin7.0%
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0.4m-€0.4m▲ 5.6%€0.4m▲ 2.7%€0.4m▲ 0.9%€0.01m▼ 96.5%€0.01m▼ 0.1%€0.1m▲ 602%
Operating result€0.3m-€0.4m▲ 19.5%€0.1m▼ 64.2%-€0.4m€1.0m€0.03m▼ 97.0%€0.007m▼ 76.8%
Net result€0.09m-€0.1m▲ 44.3%-€0.06m-€0.5m▼ 776%€0.7m-€0.3m-€0.4m▼ 54.3%
EBIT margin78.0%-88.3%▲ 10.3pp30.7%▼ 57.6pp-84.9%▼ 115.7pp6923.7%▲ 7008.6pp211.2%▼ 6712.5pp7.0%▼ 204.2pp
Equity€1.2m-€1.3m▲ 11.3%€1.3m▼ 4.3%€0.8m▼ 39.2%€1.5m▲ 90.6%€1.2m▼ 18.5%€0.8m▼ 34.9%
Total assets€7.4m-€10.7m▲ 44.3%€11.2m▲ 4.9%€10.8m▼ 3.5%€9.4m▼ 13.1%€9.5m▲ 1.2%€9.7m▲ 2.0%
Debt€6.0m-€9.2m▲ 52.2%€9.8m▲ 6.3%€9.9m▲ 1.2%€7.9m▼ 19.8%€8.3m▲ 4.9%€8.9m▲ 7.4%
Working capital-€5.6m-€9.5m▼ 69.3%-€9.9m▼ 4.2%-€2.4m▲ 75.6%-€6.0m▼ 147%-€6.2m▼ 4.4%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.7m
Fixed assets
€7.4m =
Current assets
€2.3m ▲ 9.1%
Equity and liabilities €9.7m
Equity
€787,450 ▼ 34.9%
Debt
€8.9m ▲ 7.4%
Debt's share of the balance-sheet total rises from 87.3% to 91.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,697▼
2023 · €31,827
Cash flow
-€422,331▼
2023 · -€273,680
Current ratio
0.27▲
2023 · 0.26
Debt to equity
11.36▲
2023 · 6.89
ROE
-53.7%▼
2023 · -22.6%
ROA
-4.3%▼
2023 · -2.9%
Interest coverage
0.01▼
2023 · 0.08
Debt ≤ 1 year
€8.6m▲
2023 · €8.1m
Income taxes
€0▼
2023 · €4,205
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.4m | €1.1m | €0.1m | €0.1m | ▲ 38.9% |
| Turnover70 | €0.4m | €0.4m | €0.4m | €0.4m | €0.01m | €0.01m | €0.1m | ▲ 602% |
| Other operating income74 | - | - | - | €0.02m | €0.2m | €61 | €0.02m | ▲ 261× |
| Non-recurring operating income76A | - | - | - | - | €1.0m | €0.09m | €0.02m | ▼ 77.5% |
| Operating charges60/66A | - | - | - | €0.8m | €0.1m | €0.07m | €0.1m | ▲ 91.4% |
| Services and other goods61 | - | - | - | €0.02m | €0.05m | €0.04m | €0.03m | ▼ 36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.02m | €0.2m | €0.1m | €153 | €249 | €358 | ▲ 43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.6m | €0.01m | -€0.6m | €0.08m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0.003m | -€0.003m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.7m | €0.03m | ▼ 95.5% |
| Non-recurring operating charges66A | - | - | - | €0.03m | €0.01m | €0 | - | - |
| Operating profit (loss)9901 | €0.3m | €0.4m | €0.1m | -€0.4m | €1.0m | €0.03m | €0.007m | ▼ 76.8% |
| Financial income75/76B | - | - | - | - | €0.02m | €0.1m | €0.1m | ▲ 33.4% |
| Recurring financial income75 | €0 | - | - | - | €0.02m | €0.1m | €0.1m | ▲ 33.4% |
| Income from current assets751 | - | - | - | - | €0.02m | €0.1m | €0.1m | ▲ 33.4% |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.4m | €0.6m | ▲ 40.3% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.4m | €0.6m | ▲ 40.3% |
| Debt charges650 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.4m | €0.6m | ▲ 40.4% |
| Other financial charges652/9 | - | - | - | - | €0.009m | €0.001m | €0.001m | ▼ 19.4% |
| Profit (loss) for the period before taxes9903 | €0.09m | €0.2m | -€0.06m | -€0.5m | €0.8m | -€0.3m | -€0.4m | ▼ 56.7% |
| Transfer from deferred taxes780 | - | - | - | €0.006m | €0.2m | €0 | - | - |
| Income taxes67/77 | €5 | €0.02m | - | €136 | €0.3m | €0.004m | €0 | ▼ 100% |
| Taxes670/3 | - | - | - | €136 | €0.3m | €0.004m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.09m | €0.1m | -€0.06m | -€0.5m | €0.7m | -€0.3m | -€0.4m | ▼ 54.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0.5m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.1m | -€0.04m | -€0.5m | €1.2m | -€0.3m | -€0.4m | ▼ 54.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €7.4m | €10.7m | €11.2m | €10.8m | €9.4m | €9.5m | €9.7m | ▲ 2.0% |
| Fixed assets21/28 | €7.4m | €10.7m | €11.0m | €10.8m | €7.4m | €7.4m | €7.4m | = |
| Tangible fixed assets22/27 | €0.1m | €3.4m | €3.6m | €3.5m | €0.1m | €0.1m | €0.1m | ▼ 0.3% |
| Land and buildings22 | - | - | - | €3.5m | €0.1m | €0.1m | €0.1m | ▼ 0.3% |
| Financial fixed assets28 | €7.3m | €7.3m | €7.3m | €7.3m | €7.3m | €7.3m | €7.3m | = |
| Affiliated companies280/1 | - | - | - | €7.3m | €7.3m | €7.3m | €7.3m | = |
| Participating interests280 | - | - | - | €7.3m | €7.3m | €7.3m | €7.3m | = |
| Current assets29/58 | - | €0.01m | €0.3m | €0.001m | €2.0m | €2.1m | €2.3m | ▲ 9.1% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | - | €0.01m | €0.3m | - | €2.0m | €2.0m | €2.2m | ▲ 7.8% |
| Trade receivables40 | - | - | - | - | €0.002m | €0 | €0.006m | - |
| Other amounts receivable41 | - | - | - | - | €2.0m | €2.0m | €2.2m | ▲ 7.5% |
| Cash at bank and in hand54/58 | - | - | - | - | €0.001m | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.1m | €0.1m | ▲ 33.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €7.4m | €10.7m | €11.2m | €10.8m | €9.4m | €9.5m | €9.7m | ▲ 2.0% |
| Equity10/15 | €1.2m | €1.3m | €1.3m | €0.8m | €1.5m | €1.2m | €0.8m | ▼ 34.9% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | €0.3m | €0.4m | €0.4m | -€0.1m | €1.1m | €0.8m | €0.4m | ▼ 53.0% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.003m | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.003m | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €0.003m | €0 | - | - |
| Deferred taxes168 | - | - | - | €0.2m | €0 | - | - | - |
| Amounts payable17/49 | €6.0m | €9.2m | €9.8m | €9.9m | €7.9m | €8.3m | €8.9m | ▲ 7.4% |
| Amounts payable after more than one year17 | €3.8m | €3.5m | - | - | €3.5m | €0 | - | - |
| Financial debts170/4 | - | - | - | - | €3.5m | €0 | - | - |
| Credit institutions173 | - | - | - | - | €3.5m | €0 | - | - |
| Amounts payable within one year42/48 | €2.2m | €5.6m | €9.8m | €9.9m | €4.4m | €8.1m | €8.6m | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3.5m | €0 | - | - | - |
| Financial debts43 | - | - | - | €3.3m | €4.0m | €3.5m | €3.5m | ▲ 0.1% |
| Credit institutions430/8 | - | - | - | €0.02m | €0 | €3.5m | €3.5m | ▲ 0.1% |
| Other loans439 | - | - | - | €3.3m | €4.0m | €0 | - | - |
| Trade debts44 | €0.001m | €0.02m | €0.001m | €0.005m | €0.02m | €0.03m | €0.03m | ▲ 9.7% |
| Suppliers440/4 | - | - | - | €0.005m | €0.02m | €0.03m | €0.03m | ▲ 9.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.3m | €0.02m | €0.08m | ▲ 256% |
| Taxes450/3 | - | - | - | - | €0.3m | €0.02m | €0.08m | ▲ 256% |
| Other amounts payable47/48 | - | - | - | €3.1m | €0.09m | €4.5m | €4.9m | ▲ 8.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.2m | €0.4m | ▲ 70.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.09m | €0.1m | -€0.06m | -€0.5m | €0.7m | -€0.3m | -€0.4m | ▼ 54.3% |
| + Depreciation and write-downs630 | €0.01m | €0.02m | €0.2m | €0.1m | €153 | €249 | €358 | ▲ 43.6% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.1m | -€0.4m | €0.7m | -€0.3m | -€0.4m | ▼ 54.3% |
| Investment in fixed assets (approximation) | - | -€3.3m | -€0.4m | €0 | €3.4m | -€0.006m | €0 | - |
| Change in cash | - | - | - | - | - | -€0.001m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | unclassified schema | 22-12-2025 | 2025-00589805 |
| 31-12-2023 | unclassified schema | 29-01-2025 | 2025-00013757 |
| 31-12-2022 | unclassified schema | 31-07-2023 | 2023-00306587 |
| 31-12-2021 | unclassified schema | 13-12-2022 | 2022-20537586 |
| 31-12-2020 | unclassified schema | 14-12-2021 | 2021-80500273 |
| 31-12-2019 | full format | 17-12-2020 | 2020-76100230 |
| 31-12-2018 | full format | 30-08-2019 | 2019-61100016 |
| 31-12-2017 | full format | 22-08-2018 | 2018-49000196 |
| 31-12-2016 | full format | 24-08-2017 | 2017-49300292 |
| 31-12-2015 | full format | 25-07-2016 | 2016-37700501 |
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Of the 3,677 active companies whose main activity is property management for co-owned buildings (syndics) (NACE 68321), figures are known for 1,394. 826 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.