SINAN
ActiveSummary
The computed 12-month bankruptcy probability of SINAN is 7.4% (elevated). The 2025 annual accounts show negative equity (-€4,114) and a net result of -€39,047. Its solvency ranks better than 10% of 16,658 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €28,338 after €33,366 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 7.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €414,558 | - | - |
| Remuneration, social security and pensions62 | €243,483 | €16,530 | ▼ 93.2% |
| Other operating charges640/8 | €1,344 | €959 | ▼ 28.6% |
| Non-recurring operating charges66A | €120,324 | - | - |
| Gross operating margin9900 | €398,516 | -€10,850 | - |
| Operating profit (loss)9901 | €33,366 | -€28,338 | - |
| Financial income75/76B | €2 | - | - |
| Recurring financial income75 | €2 | - | - |
| Financial charges65/66B | €1,435 | €2,500 | ▲ 74.2% |
| Recurring financial charges65 | €1,435 | €2,500 | ▲ 74.2% |
| Profit (loss) for the period before taxes9903 | €31,932 | -€30,839 | - |
| Income taxes67/77 | - | €8,208 | - |
| Profit (loss) for the period9904 | €31,932 | -€39,047 | - |
| Profit (loss) for the period to be appropriated9905 | €31,932 | -€39,047 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €81,815 | €4,271 | ▼ 94.8% |
| Current assets29/58 | €81,815 | €4,271 | ▼ 94.8% |
| Amounts receivable within one year40/41 | €76,214 | €738 | ▼ 99.0% |
| Trade receivables40 | €72,000 | - | - |
| Other amounts receivable41 | €4,214 | €738 | ▼ 82.5% |
| Cash at bank and in hand54/58 | €5,601 | €3,532 | ▼ 36.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €81,815 | €4,271 | ▼ 94.8% |
| Equity10/15 | €34,932 | -€4,114 | - |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €31,932 | -€7,114 | - |
| Amounts payable17/49 | €46,883 | €8,385 | ▼ 82.1% |
| Amounts payable within one year42/48 | €46,883 | €8,385 | ▼ 82.1% |
| Trade debts44 | €6,813 | - | - |
| Suppliers440/4 | €6,813 | - | - |
| Taxes, remuneration and social security45 | €25,964 | €8,208 | ▼ 68.4% |
| Taxes450/3 | €5,834 | €8,208 | ▲ 40.7% |
| Remuneration and social security454/9 | €20,130 | - | - |
| Other amounts payable47/48 | €14,106 | €177 | ▼ 98.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €31,932 | -€39,047 | - |
| Operating cash flow (approximation) | €31,932 | -€39,047 | - |
| Change in cash | - | -€2,069 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00237257 |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00357876 |
Similar companies · same sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.