SINANI
ActiveSummary
The computed 12-month bankruptcy probability of SINANI is 3.1% (moderate). The 2024 annual accounts show equity of €120,071 and a net result of €62,267. Equity is growing by ~66.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 36381 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+12
Solvency55▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.3 in 2023; short-term debt: 58.1% and cash: 5.3% of total assets), but 69.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
43 d late
2022
204 d late
2021
31 d late
2020
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 59 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€120,071▲ 108%
2023 · €57,804
Total assets
€396,781▲ 76.5%
2023 · €224,793
Net result
€62,267▲ 347%
2023 · €13,921
Working capital
€159,979▲ 225%
2023 · €49,300
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€17,047-€8,243▼ 51.6%€23,953▲ 191%€23,321▼ 2.6%€89,215▲ 283%
Net result€13,638within the sector's middle half-€8,126within the sector's middle half▼ 40.4%€20,620within the sector's middle half▲ 154%€13,921within the sector's middle half▼ 32.5%€62,267above the sector's middle half▲ 347%
Equity€15,138below the sector's middle half-€23,263within the sector's middle half▲ 53.7%€43,883within the sector's middle half▲ 88.6%€57,804within the sector's middle half▲ 31.7%€120,071within the sector's middle half▲ 108%
Total assets€29,518below the sector's middle half-€46,886below the sector's middle half▲ 58.8%€121,073within the sector's middle half▲ 158%€224,793within the sector's middle half▲ 85.7%€396,781above the sector's middle half▲ 76.5%
Debt€14,381-€23,623▲ 64.3%€77,190▲ 227%€166,989▲ 116%€276,710▲ 65.7%
Working capital€7,381within the sector's middle half-€6,523within the sector's middle half▼ 11.6%€29,936within the sector's middle half▲ 359%€49,300within the sector's middle half▲ 64.7%€159,979above the sector's middle half▲ 225%
Solvency51.3%within the sector's middle half-49.6%within the sector's middle half▼ 1.7pp36.2%within the sector's middle half▼ 13.4pp25.7%within the sector's middle half▼ 10.5pp30.3%within the sector's middle half▲ 4.5pp
Current ratio1.51within the sector's middle half-1.28within the sector's middle half▼ 0.241.39within the sector's middle half▲ 0.111.30within the sector's middle half▼ 0.091.69within the sector's middle half▲ 0.40
Return on assets (ROA)46.2%above the sector's middle half-17.3%above the sector's middle half▼ 28.9pp17.0%within the sector's middle half▼ 0.3pp6.2%within the sector's middle half▼ 10.8pp15.7%within the sector's middle half▲ 9.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 283% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €396,781
Fixed assets
€6,461 ▼ 24.0%
Current assets
€390,319 ▲ 80.5%
Equity and liabilities €396,781
Equity
€120,071 ▲ 108%
Debt
€276,710 ▲ 65.7%
Debt's share of the balance-sheet total falls from 74.3% to 69.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€94,570▲
2023 · €28,764
Cash flow
€67,622▲
2023 · €19,364
Debt to equity
2.30▼
2023 · 2.89
ROE
51.9%▲
2023 · 24.1%
Interest coverage
274.30▲
2023 · 69.73
Debt ≤ 1 year
€230,340▲
2023 · €166,989
Debt > 1 year
€15,000
Income taxes
€26,603▲
2023 · €8,987
Staff costs
€2,635▼
2023 · €18,432
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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% 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 26,975 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €22,112 | €42,138 | €18,432 | €2,635 | ▼ 85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,134 | €4,590 | €6,407 | €5,443 | €5,355 | ▼ 1.6% |
| Other operating charges640/8 | - | - | €5,919 | €1,525 | €60 | ▼ 96.1% |
| Non-recurring operating charges66A | - | - | €13 | - | - | - |
| Gross operating margin9900 | €18,414 | €34,945 | €78,430 | €48,721 | €97,265 | ▲ 99.6% |
| Operating profit (loss)9901 | €17,047 | €8,243 | €23,953 | €23,321 | €89,215 | ▲ 283% |
| Financial charges65/66B | - | €117 | €3,333 | €413 | €345 | ▼ 16.4% |
| Recurring financial charges65 | - | €117 | €3,333 | €413 | €345 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | €17,047 | €8,126 | €20,620 | €22,908 | €88,870 | ▲ 288% |
| Income taxes67/77 | €3,409 | - | - | €8,987 | €26,603 | ▲ 196% |
| Profit (loss) for the period9904 | €13,638 | €8,126 | €20,620 | €13,921 | €62,267 | ▲ 347% |
| Profit (loss) for the period to be appropriated9905 | €13,638 | €8,126 | €20,620 | €13,921 | €62,267 | ▲ 347% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,518 | €46,886 | €121,073 | €224,793 | €396,781 | ▲ 76.5% |
| Fixed assets21/28 | €7,756 | €16,740 | €13,947 | €8,504 | €6,461 | ▼ 24.0% |
| Tangible fixed assets22/27 | €7,366 | €16,350 | €13,557 | €8,114 | €6,071 | ▼ 25.2% |
| Furniture and vehicles24 | - | €16,350 | €13,557 | €8,114 | €6,071 | ▼ 25.2% |
| Financial fixed assets28 | €390 | €390 | €390 | €390 | €390 | = |
| Current assets29/58 | €21,762 | €30,146 | €107,125 | €216,289 | €390,319 | ▲ 80.5% |
| Amounts receivable within one year40/41 | €21,456 | €27,887 | €106,940 | €205,138 | €364,206 | ▲ 77.5% |
| Trade receivables40 | - | €26,466 | €93,833 | €200,484 | €351,498 | ▲ 75.3% |
| Other amounts receivable41 | - | €1,420 | €13,107 | €4,654 | €12,708 | ▲ 173% |
| Cash at bank and in hand54/58 | €306 | €2,259 | €185 | €8,591 | €20,943 | ▲ 144% |
| Deferred charges and accrued income490/1 | - | - | - | €2,560 | €5,170 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,518 | €46,886 | €121,073 | €224,793 | €396,781 | ▲ 76.5% |
| Equity10/15 | €15,138 | €23,263 | €43,883 | €57,804 | €120,071 | ▲ 108% |
| Contributions10/11 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Outside capital11 | - | €1,500 | €1,500 | - | - | - |
| Other1109/19 | - | €1,500 | €1,500 | - | - | - |
| Profit (loss) carried forward14 | €13,638 | €21,763 | €42,383 | €56,304 | €118,571 | ▲ 111% |
| Amounts payable17/49 | €14,381 | €23,623 | €77,190 | €166,989 | €276,710 | ▲ 65.7% |
| Amounts payable after more than one year17 | - | - | - | - | €15,000 | - |
| Financial debts170/4 | - | - | - | - | €15,000 | - |
| Amounts payable within one year42/48 | €14,381 | €23,623 | €77,190 | €166,989 | €230,340 | ▲ 37.9% |
| Trade debts44 | €7,393 | €14,304 | €65,743 | €152,330 | €145,388 | ▼ 4.6% |
| Suppliers440/4 | - | €14,304 | €65,743 | €152,330 | €145,388 | ▼ 4.6% |
| Advances received on contracts in progress46 | - | - | - | €1,500 | €54,115 | ▲ 3,508% |
| Taxes, remuneration and social security45 | - | €6,866 | €11,446 | €13,160 | €30,837 | ▲ 134% |
| Taxes450/3 | - | €3,477 | €8,414 | €13,160 | €30,433 | ▲ 131% |
| Remuneration and social security454/9 | - | €3,389 | €3,032 | - | €404 | - |
| Other amounts payable47/48 | - | €2,453 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €31,369 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,638 | €8,126 | €20,620 | €13,921 | €62,267 | ▲ 347% |
| + Depreciation and write-downs630 | €1,134 | €4,590 | €6,407 | €5,443 | €5,355 | ▼ 1.6% |
| Operating cash flow (approximation) | €14,771 | €12,716 | €27,027 | €19,364 | €67,622 | ▲ 249% |
| Investment in fixed assets (approximation) | - | -€13,574 | -€3,614 | €0 | -€3,312 | - |
| Change in cash | - | €1,953 | -€2,074 | €8,406 | €12,353 | ▲ 47.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Highest result since 2020net €62,267 ▲347%
Operating result €89,215, net result €62,267, both a record.
31-12
Financial
Equity above €100,000Eq €120,071 ▲108%
5 profitable years in a row build equity to €120,071.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 204 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €8,126 ▼40.4%
Net result drops to €8,126, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Machelen (Brab.) · 2 establishment units since 2020
Ground area
939 m²
Building footprint
622 m²
Volume, LiDAR
2,049 m³
2 parcels, Brussels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
70
companies at this address
See who is registered here
2 establishment units
SINANI
since 20202.302.820.877
Sinani
since 20242.364.760.525
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0111/00W000 | Flanders | 649 m² | 1 · 329 m² | - |
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,477. 3,046 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43310Plastering work
43320Joinery installation
43343Specialised construction activities
43410Roofing work
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747637396
Also
9925:BE0747637396
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.