Equity
Equity fell by 93% in 3 years.
Equity fell by 93% in 3 years.
Five of the last ten came late. The 2020 accounts came latest: 61 days after the end of the period.
In July 2024, 5,053 companies had the same profile as SINAPI CONSULTING has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for SINAPI CONSULTING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| SINAPI CONSULTING Anderlecht | €32,827 | -€3,201 | 23.3% | - |
| NOE & PARTNERS Auderghem | €39,285 | -€5,128 | 49.6% | - |
| NOISESOME Leuven | €32,282 | -€19,457 | -20.3% | - |
| HEIMANN BROS Ghent | €37,454 | -€10,585 | -23.4% | - |
| APOYO Westerlo | €37,759 | -€9,406 | 66.9% | - |
| SportsCom Kontich | €27,354 | €111 | 69.9% | - |
| Inspire Interim Management Machelen (Brab.) | €29,055 | -€1,047 | 100.0% | - |
These companies have the same main activity as SINAPI CONSULTING: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €27,400 and €39,300, founded between 2007 and 2009.
SINAPI CONSULTING files the micro format. That format states no turnover. The gross margin fell from €25,835 in 2008 to -€3,201 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 27% of 8,617 companies in 2025.
Higher than 42% of 8,293 companies in 2025.
Higher than 56% of 8,402 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
32,827 | 41,534 | 39,778 | 291,415 | 315,673 | 314,218 | 318,285 | 323,235 | 334,285 | 348,751 | 351,081 | 352,489 | 84,628 | 93,370 | 55,181 | 15,997 | 39,918 | 46,018 | |
21/28 |
- | 9,000 | 2,000 | 290,954 | 295,485 | 301,856 | 312,228 | 323,199 | 334,170 | 345,142 | 349,273 | 348,191 | - | 294 | 5,947 | 11,788 | 18,404 | 25,081 | |
22/27 |
- | 9,000 | 2,000 | 290,954 | 295,485 | 301,856 | 312,228 | 323,199 | 334,170 | 345,142 | 349,273 | 348,191 | - | 294 | 5,947 | 11,788 | 18,404 | 25,081 | |
22 |
- | - | - | 282,792 | 283,742 | 291,532 | 299,323 | 307,113 | 314,903 | 322,694 | 323,644 | 324,594 | - | - | - | - | - | - | |
23 |
- | - | - | 5,162 | 7,743 | 10,324 | 12,905 | 15,486 | 18,067 | 20,648 | 23,229 | 23,597 | - | - | - | 11,788 | 18,404 | 25,081 | |
24 |
- | 9,000 | 2,000 | 3,000 | 4,000 | - | - | 600 | 1,200 | 1,800 | 2,400 | - | - | 294 | 5,947 | - | - | - | |
29/58 |
32,827 | 32,534 | 37,778 | 461 | 20,188 | 12,362 | 6,057 | 36 | 115 | 3,609 | 1,808 | 4,298 | 84,628 | 93,076 | 49,234 | 4,209 | 21,515 | 20,937 | |
40/41 |
32,500 | 32,500 | 30,000 | - | 20,030 | 12,290 | 5,675 | - | - | 3,000 | - | - | 5,500 | 23,001 | 39,479 | 4,117 | 452 | 2,246 | |
40 |
- | - | - | - | 20,030 | 12,290 | 5,675 | - | - | 3,000 | - | - | - | 1 | 37,475 | 4,114 | 452 | 2,246 | |
41 |
32,500 | 32,500 | 30,000 | - | - | - | - | - | - | - | - | - | 5,500 | 23,000 | 2,004 | 3 | - | - | |
54/58 |
327 | 34 | 7,778 | 461 | 158 | 72 | 382 | 36 | 115 | 609 | 1,808 | 4,298 | 79,128 | 70,075 | 9,755 | 92 | 21,063 | 18,560 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 132 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
32,827 | 41,534 | 39,778 | 291,415 | 315,673 | 314,218 | 318,285 | 323,235 | 334,285 | 348,751 | 351,081 | 352,489 | 84,628 | 93,370 | 55,181 | 15,997 | 39,918 | 46,018 | |
10/15 |
7,658 | 3,139 | 2,895 | 115,384 | 115,113 | 112,453 | 111,153 | 109,491 | 107,230 | 104,674 | 102,095 | 94,619 | 79,128 | 67,833 | 27,867 | 3,843 | 10,937 | 12,915 | |
10/11 |
1,000 | 1,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,560 | 340 | 340 | 340 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,560 | 340 | 340 | 340 | |
1311 |
- | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
6,658 | 2,139 | -17,565 | 94,924 | 94,653 | 91,993 | 90,693 | 89,031 | 86,770 | 84,214 | 81,635 | 74,159 | 71,068 | 59,773 | 20,107 | -2,697 | 4,397 | 6,375 | |
16 |
5,000 | 7,500 | 15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
160/5 |
5,000 | 7,500 | 15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
5,000 | 7,500 | 15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
20,169 | 30,895 | 21,883 | 176,031 | 200,561 | 201,765 | 207,132 | 213,744 | 227,055 | 244,077 | 248,986 | 257,870 | 5,500 | 25,537 | 27,314 | 12,154 | 28,982 | 33,104 | |
17 |
- | - | - | 140,554 | 151,077 | 161,212 | 170,975 | 180,380 | 189,438 | 198,164 | 206,569 | 214,666 | - | - | - | - | - | - | |
170/4 |
- | - | - | 140,554 | 151,077 | 161,212 | 170,975 | 180,380 | 189,438 | 198,164 | 206,569 | 214,666 | - | - | - | - | - | - | |
42/48 |
20,169 | 30,895 | 21,883 | 35,477 | 49,484 | 40,553 | 36,157 | 33,364 | 37,617 | 45,913 | 42,417 | 43,204 | 5,500 | 25,537 | 27,314 | 12,154 | 28,982 | 33,104 | |
42 |
- | - | - | - | - | - | - | - | - | 8,405 | 8,096 | 7,799 | - | - | - | - | - | - | |
43 |
- | - | - | 10,522 | 10,136 | 9,763 | 9,405 | 9,059 | 8,726 | - | - | - | - | - | - | 8,755 | 18,792 | 28,343 | |
430/8 |
- | - | - | 10,522 | 10,136 | 9,763 | 9,405 | 9,059 | 8,726 | - | - | - | - | - | - | 8,755 | 18,792 | 28,343 | |
44 |
400 | 2,000 | 3,000 | 4,835 | 614 | 3,883 | - | - | - | 4,108 | - | - | - | - | - | 771 | 262 | 60 | |
440/4 |
400 | 2,000 | 3,000 | 4,835 | 614 | 3,883 | - | - | - | 4,108 | - | - | - | - | - | 771 | 262 | 60 | |
45 |
1,937 | 11,038 | 10,186 | 99 | 1,860 | 838 | - | - | - | - | - | - | 5,500 | 20,235 | 20,780 | 566 | 7,864 | 4,527 | |
450/3 |
1,937 | 11,038 | 10,186 | 99 | 1,860 | 838 | - | - | - | - | - | - | 5,500 | 20,235 | 20,780 | 566 | - | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,864 | 4,527 | |
47/48 |
17,833 | 17,856 | 8,698 | 20,020 | 36,874 | 26,069 | 26,752 | 24,305 | 28,891 | 33,400 | 34,321 | 35,405 | - | 5,302 | 6,534 | 2,063 | 2,062 | 173 | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | 32,265 | 33,470 | 26,290 | - | - | 30,000 | - | - | - | 31,678 | 84,241 | 58,744 | - | - | - | |
76A |
2,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
-3,201 | 7,480 | -30,679 | 13,585 | 23,338 | 22,596 | 23,716 | 22,745 | 24,519 | 20,676 | 22,781 | 10,145 | 18,637 | 68,550 | 47,034 | 376 | 10,246 | 25,835 | |
60/61 |
- | - | - | 18,680 | 10,132 | 3,694 | - | - | 5,480 | - | - | - | 13,041 | 15,691 | 11,710 | - | - | - | |
630 |
1,000 | 5,000 | 1,000 | 4,531 | 11,371 | 10,371 | 10,971 | 10,971 | 10,972 | 4,131 | 4,131 | - | 294 | 5,653 | 6,724 | 6,616 | 6,677 | 7,811 | |
640/8 |
- | 1,342 | 1,298 | 2,610 | 1,869 | 2,202 | 2,177 | 1,956 | 1,922 | 2,588 | 1,375 | 1,814 | 1,139 | 1,050 | 998 | 1,020 | 645 | 4,946 | |
66A |
-1,542 | - | 15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | 80 | - | |
9901 |
-2,659 | 1,139 | -47,977 | 6,444 | 10,097 | 10,023 | 10,568 | 9,818 | 11,625 | 13,957 | 17,275 | 8,331 | 17,203 | 61,848 | 39,311 | -7,260 | 2,924 | 13,077 | |
75/76B |
8,500 | - | 92,046 | - | - | - | - | - | - | - | - | - | - | 5 | 5 | 19 | - | 50 | |
75 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5 | 5 | 19 | - | 50 | |
76B |
8,500 | - | 92,046 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
238 | 42 | 6,373 | 6,073 | 6,416 | 6,667 | 6,983 | 7,557 | 8,130 | 9,528 | 9,722 | 5,240 | 235 | 235 | 228 | 861 | 1,432 | 2,095 | |
65 |
238 | 42 | 6,373 | 6,073 | 6,416 | 6,667 | 6,983 | 7,557 | 8,130 | 9,528 | 9,722 | 5,240 | 235 | 235 | 228 | 861 | 1,432 | 2,095 | |
9903 |
5,603 | 1,097 | 37,696 | 371 | 3,681 | 3,356 | 3,585 | 2,261 | 3,495 | 4,429 | 7,553 | 3,091 | 16,969 | 61,618 | 39,089 | -8,103 | 1,412 | 11,033 | |
67/77 |
1,084 | 852 | 10,186 | 99 | 1,022 | 2,054 | 1,923 | - | 939 | 1,850 | 77 | - | 5,674 | 21,652 | 15,065 | -1,009 | 3,390 | 4,318 | |
9904 |
4,519 | 244 | 27,511 | 272 | 2,659 | 1,302 | 1,662 | 2,261 | 2,556 | 2,579 | 7,476 | 3,091 | 11,295 | 39,966 | 24,024 | -7,094 | -1,978 | 6,715 | |
9905 |
4,519 | 244 | 27,511 | 272 | 2,659 | 1,302 | 1,662 | 2,261 | 2,556 | 2,579 | 7,476 | 3,091 | 11,295 | 39,966 | 24,024 | -7,094 | -1,978 | 6,715 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
6,658 | -17,321 | 122,435 | 94,924 | 94,653 | 91,993 | 90,693 | 89,031 | 86,770 | 84,214 | 81,635 | 74,159 | 71,068 | 61,293 | 21,327 | -2,697 | 4,397 | 6,715 | |
14P |
2,139 | -17,565 | 94,924 | 94,653 | 91,993 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 19,460 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,520 | 1,220 | - | - | 340 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,520 | 1,220 | - | - | 340 | |
694/7 |
- | - | 140,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | 140,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00479181.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00479181 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00334648 | |
| 31-12-2023 | micro format | 24-08-2024 | 2024-00376917 | |
| 31-12-2022 | micro format | 06-08-2023 | 2023-00319680 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20295339 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-71100378 | |
| 31-12-2019 | full format | 29-06-2020 | 2020-24400426 | |
| 31-12-2018 | full format | 22-07-2019 | 2019-36100171 | |
| 31-12-2017 | full format | 25-07-2018 | 2018-40200577 | |
| 31-12-2016 | full format | 02-06-2017 | 2017-14800101 | |
| 31-12-2015 | full format | 16-08-2016 | 2016-44800485 | |
| 31-12-2014 | full format | 24-08-2015 | 2015-47700143 | |
| 31-12-2013 | full format | 22-01-2014 | 2014-01200327 | |
| 31-12-2012 | full format | 17-05-2013 | 2013-12500268 | |
| 31-12-2011 | full format | 05-06-2012 | 2012-15400432 | |
| 31-12-2010 | full format | 17-05-2011 | 2011-11600134 | |
| 31-12-2009 | full format | 01-06-2010 | 2010-14100062 | |
| 31-12-2008 | full format | 02-06-2009 | 2009-18100321 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,659 | 6,139 | -46,977 | 10,975 | 21,468 | 20,394 | 21,539 | 20,789 | 22,597 | 18,088 | 21,406 | - | 17,498 | 67,500 | 46,036 | -645 | 9,601 | 20,888 | ||
| 5,519 | 5,244 | 28,511 | 4,803 | 14,031 | 11,673 | 12,633 | 13,232 | 13,528 | 6,710 | 11,607 | - | 11,589 | 45,619 | 30,749 | -479 | 4,699 | 14,526 | ||
| -8,000 | 12,000 | 5,000 | 0 | 5,001 | -1 | 0 | 0 | 0 | 0 | 2,457 | 348,191 | 0 | 0 | 883 | 0 | 0 | 32,892 | ||
| 293 | -7,745 | 7,317 | 303 | 86 | -310 | 346 | -79 | -494 | -1,199 | -2,490 | -74,830 | 9,053 | 60,320 | 9,663 | -20,971 | 2,503 | - | ||
| 12,658 | 1,639 | 15,895 | -35,016 | -29,296 | -28,191 | -30,100 | -33,328 | -37,502 | -42,304 | -40,609 | -38,906 | 79,128 | 67,539 | 21,920 | -7,945 | -7,467 | -12,166 | ||
| - | - | - | 20.0% | 30.2% | 38.1% | - | - | 38.8% | - | - | - | 54.3% | 73.4% | 66.9% | - | - | - | ||
| 23.3% | 7.6% | 7.3% | 39.6% | 36.5% | 35.8% | 34.9% | 33.9% | 32.1% | 30.0% | 29.1% | 26.8% | 93.5% | 72.6% | 50.5% | 24.0% | 27.4% | 28.1% | ||
| 1.63 | 1.05 | 1.73 | 0.01 | 0.41 | 0.30 | 0.17 | 0.00 | 0.00 | 0.08 | 0.04 | 0.10 | 15.39 | 3.64 | 1.80 | 0.35 | 0.74 | 0.63 | ||
| 2.63 | 9.84 | 7.56 | 1.53 | 1.74 | 1.79 | 1.86 | 1.95 | 2.12 | 2.33 | 2.44 | 2.73 | 0.07 | 0.38 | 0.98 | 3.16 | 2.65 | 2.56 | ||
| 59.0% | 7.8% | 950.3% | 0.2% | 2.3% | 1.2% | 1.5% | 2.1% | 2.4% | 2.5% | 7.3% | 3.3% | 14.3% | 58.9% | 86.2% | -184.6% | -18.1% | 52.0% | ||
| 13.8% | 0.6% | 69.2% | 0.1% | 0.8% | 0.4% | 0.5% | 0.7% | 0.8% | 0.7% | 2.1% | 0.9% | 13.3% | 42.8% | 43.5% | -44.3% | -5.0% | 14.6% | ||
| -6.97 | over 100 | -7.37 | 1.81 | 3.35 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | 218 days | 171 days | - | - | - | - | - | - | 63 days | 0 days | 233 days | - | - | - | ||
| - | - | - | 94 days | 22 days | 384 days | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €12,000 | €5,000 | - | €5,001 |
| €1,000 | €5,000 | €1,000 | €4,531 | €11,371 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €2,659, after a profit of €1,139 in 2024.
Debt's share of the balance-sheet total falls from 74.4% to 61.4%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
SINAPI CONSULTING has no parent and no holdings in its annual accounts. is the only director. SINAPI CONSULTING shares no director with another company.
| TONDEUR et Cie
registered office since 18-01-1989 · founded in 1988 |
turnover €352,308 (2025) 0436.341.533 |
| TONDEUR DIFFUSION
registered office since 01-02-1945 · founded in 1968 |
44 FTE (2025) 0403.542.368 |
| FUNDAMENS
registered office since 12-06-2017 · founded in 2017 |
total assets €8.6m (2025) 0676.734.356 |
| UNITING
registered office since 05-04-1972 · founded in 1971 |
total assets €7.6m (2025) 0408.225.686 |
| FREMONTA
registered office since 29-11-2020 · founded in 2020 · accounts filed late |
total assets €5.2m (2024) 0758.864.355 |
| DE ZILVERTORENS
registered office since 07-06-1995 · founded in 1995 |
total assets €4.6m (2025) 0455.106.875 |
| CINFONOR
registered office since 28-05-2015 · founded in 2015 · accounts filed late |
total assets €4.5m (2024) 0630.889.978 |
| BTB - BRIDGES, TUNNELS & BUILDINGS
registered office since 01-07-2016 · founded in 2016 · negative equity (2023) · accounts filed late |
total assets €3.2m (2023) 0656.898.846 |
| HOPE S-TATE
registered office since 29-07-2019 · founded in 2019 |
total assets €2.6m (2025) 0731.664.466 |
| Belgo Facility Services
registered office since 07-01-2011 · founded in 2011 |
24 FTE (2025) 0832.584.553 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Frans van Kalkenlaan 9 registered office 1070 Anderlecht 70200 Business and other management consultancy | 10-10-2007 | 2.165.548.655 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21306D0325/00F000 | 2,312 m² | 1 · 1,725 m² | 40.0 m · 1 |
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