SINAPI CONSULTING
ActiveSummary
SINAPI CONSULTING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,658 and a net result of €4,519. Equity is shrinking by ~14.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 27% of 7071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-33
Solvency48▲+15
Growth61▲+16
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €7,658
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
2 d early
2023
24 d late
2022
6 d late
2021
17 d late
2020
61 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€32,265▼ 3.6%
2021 · €33,470
EBIT margin
20.0%▼ 10.2pp
2021 · 30.2%
Net result
€4,519▲ 1,751%
2024 · €244
Working capital
€12,658▲ 672%
2024 · €1,639
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€33,470▲ 27.3%€32,265▼ 3.6%
Operating result€10,097▲ 0.7%€6,444▼ 36.2%-€47,977€1,139-€2,659
Net result€2,659▲ 104%€272▼ 89.8%€27,511▲ 10,025%€244▼ 99.1%€4,519▲ 1,751%
EBIT margin30.2%▼ 8.0pp20.0%▼ 10.2pp
Equity€115,113▲ 2.4%€115,384▲ 0.2%€2,895▼ 97.5%€3,139▲ 8.4%€7,658▲ 144%
Total assets€315,673▲ 0.5%€291,415▼ 7.7%€39,778▼ 86.3%€41,534▲ 4.4%€32,827▼ 21.0%
Debt€200,561▼ 0.6%€176,031▼ 12.2%€21,883▼ 87.6%€30,895▲ 41.2%€20,169▼ 34.7%
Working capital-€29,296▼ 3.9%-€35,016▼ 19.5%€15,895€1,639▼ 89.7%€12,658▲ 672%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,659 after €1,139 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €32,827
Equity
€7,658 ▲ 144%
Provisions
€5,000 ▼ 33.3%
Debt
€20,169 ▼ 34.7%
Debt's share of the balance-sheet total falls from 74.4% to 61.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€1,659▼
2024 · €6,139
Cash flow
€5,519▲
2024 · €5,244
Current ratio
1.63▲
2024 · 1.05
Debt to equity
2.63▼
2024 · 9.84
ROE
59.0%▲
2024 · 7.8%
ROA
13.8%▲
2024 · 0.6%
Interest coverage
-6.97▼
2024 · 146.16
Debt ≤ 1 year
€20,169▼
2024 · €30,895
Income taxes
€1,084▲
2024 · €852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €33,470 | €32,265 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €2,500 | - |
| Goods, raw materials, services and sundry goods60/61 | €10,132 | €18,680 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,371 | €4,531 | €1,000 | €5,000 | €1,000 | ▼ 80.0% |
| Other operating charges640/8 | €1,869 | €2,610 | €1,298 | €1,342 | - | - |
| Non-recurring operating charges66A | - | - | €15,000 | - | -€1,542 | - |
| Gross operating margin9900 | €23,338 | €13,585 | -€30,679 | €7,480 | -€3,201 | ▼ 143% |
| Operating profit (loss)9901 | €10,097 | €6,444 | -€47,977 | €1,139 | -€2,659 | ▼ 334% |
| Financial income75/76B | - | - | €92,046 | - | €8,500 | - |
| Recurring financial income75 | - | - | €92,046 | - | €8,500 | - |
| Non-recurring financial income76B | - | - | €92,046 | - | €8,500 | - |
| Financial charges65/66B | €6,416 | €6,073 | €6,373 | €42 | €238 | ▲ 467% |
| Recurring financial charges65 | €6,416 | €6,073 | €6,373 | €42 | €238 | ▲ 467% |
| Profit (loss) for the period before taxes9903 | €3,681 | €371 | €37,696 | €1,097 | €5,603 | ▲ 411% |
| Income taxes67/77 | €1,022 | €99 | €10,186 | €852 | €1,084 | ▲ 27.2% |
| Profit (loss) for the period9904 | €2,659 | €272 | €27,511 | €244 | €4,519 | ▲ 1,751% |
| Profit (loss) for the period to be appropriated9905 | €2,659 | €272 | €27,511 | €244 | €4,519 | ▲ 1,751% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €315,673 | €291,415 | €39,778 | €41,534 | €32,827 | ▼ 21.0% |
| Fixed assets21/28 | €295,485 | €290,954 | €2,000 | €9,000 | - | - |
| Tangible fixed assets22/27 | €295,485 | €290,954 | €2,000 | €9,000 | - | - |
| Land and buildings22 | €283,742 | €282,792 | - | - | - | - |
| Plant, machinery and equipment23 | €7,743 | €5,162 | - | - | - | - |
| Furniture and vehicles24 | €4,000 | €3,000 | €2,000 | €9,000 | - | - |
| Current assets29/58 | €20,188 | €461 | €37,778 | €32,534 | €32,827 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €20,030 | - | €30,000 | €32,500 | €32,500 | = |
| Trade receivables40 | €20,030 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €30,000 | €32,500 | €32,500 | = |
| Cash at bank and in hand54/58 | €158 | €461 | €7,778 | €34 | €327 | ▲ 869% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €315,673 | €291,415 | €39,778 | €41,534 | €32,827 | ▼ 21.0% |
| Equity10/15 | €115,113 | €115,384 | €2,895 | €3,139 | €7,658 | ▲ 144% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €1,000 | €1,000 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €94,653 | €94,924 | -€17,565 | €2,139 | €6,658 | ▲ 211% |
| Provisions and deferred taxes16 | - | - | €15,000 | €7,500 | €5,000 | ▼ 33.3% |
| Provisions for liabilities and charges160/5 | - | - | €15,000 | €7,500 | €5,000 | ▼ 33.3% |
| Other liabilities and charges164/5 | - | - | €15,000 | €7,500 | €5,000 | ▼ 33.3% |
| Amounts payable17/49 | €200,561 | €176,031 | €21,883 | €30,895 | €20,169 | ▼ 34.7% |
| Amounts payable after more than one year17 | €151,077 | €140,554 | - | - | - | - |
| Financial debts170/4 | €151,077 | €140,554 | - | - | - | - |
| Amounts payable within one year42/48 | €49,484 | €35,477 | €21,883 | €30,895 | €20,169 | ▼ 34.7% |
| Financial debts43 | €10,136 | €10,522 | - | - | - | - |
| Credit institutions430/8 | €10,136 | €10,522 | - | - | - | - |
| Trade debts44 | €614 | €4,835 | €3,000 | €2,000 | €400 | ▼ 80.0% |
| Suppliers440/4 | €614 | €4,835 | €3,000 | €2,000 | €400 | ▼ 80.0% |
| Taxes, remuneration and social security45 | €1,860 | €99 | €10,186 | €11,038 | €1,937 | ▼ 82.5% |
| Taxes450/3 | €1,860 | €99 | €10,186 | €11,038 | €1,937 | ▼ 82.5% |
| Other amounts payable47/48 | €36,874 | €20,020 | €8,698 | €17,856 | €17,833 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,659 | €272 | €27,511 | €244 | €4,519 | ▲ 1,751% |
| + Depreciation and write-downs630 | €11,371 | €4,531 | €1,000 | €5,000 | €1,000 | ▼ 80.0% |
| Operating cash flow (approximation) | €14,031 | €4,803 | €28,511 | €5,244 | €5,519 | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | €0 | €287,954 | -€12,000 | - | - |
| Change in cash | - | €303 | €7,317 | -€7,745 | €293 | ▲ 104% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €244 ▼99.1%
Net result drops to €244, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Highest result since 2018net €27,511 ▲10,025%
Net result €27,511, the highest in the series.
31-12
Financial
Liquidity times 133current ratio 1.73
Current ratio from 0.01 to 1.73; short-term debt falls from €35,477 to €21,883.
06-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Anderlecht · 1 establishment unit since 2007
Ground area
2,312 m²
Building footprint
1,725 m²
Volume, LiDAR
15,759 m³
Parcel 21306D0325/00F000, Brussels · tallest building 40.0 m, ±1 floor. Linked by address, not a title deed.
185
companies at this address
See who is registered here
1 establishment unit
SINAPI CONSULTING
since 20072.165.548.655
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0325/00F000 | Brussels | 2,312 m² | 1 · 1,725 m² | 40.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 3,266 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
Founded05-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
71209Other technical testing and analysis
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.