SINAPSE
InactiveOverview
Activity
Activity not known
Size
€223,728turnover 2021
- Staff
- 1.8 FTE
- Equity
- €4,932
- Profit
- €38,940
Financial health
Inactive: no score
Structure
1 of 7 deeds summarised
Signalsraises riskTwo or more financial years not filed2021 accounts filed 31 days lateneutralPrior bankruptcyShow the evidence
Signals
Three signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 year end31-07-2023 deadline31-10-2026 today
raises risk · 2021 accounts filed 31 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2021
31 days late
2020
28 days late
2019
168 days late
2018
415 days late
2017
780 days late
2016
329 days late
2015
215 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 281 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (insufficient assets)Enterprise Court of Walloon Brabant…
- OpeningEnterprise Court of Walloon Brabant…
- Annual accounts filedfinancial year 2021 · micro…
Financials · financial year 2021, micro format
2021 annual accounts filed late (31 days) Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20397112.
Turnover
€223,728▲ 27.1%
2020 · €176,012
EBIT margin
18.6%▲ 0.1pp
2020 · 18.5%
Net result
€38,940▲ 28.3%
2020 · €30,355
Working capital
€1,598
2020 · -€35,467
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result recovers in 2021; 2021 is 28% above 2020 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€223,728
2021
Operating result€41,625
2021
Net result€38,940
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€90,653
2021
Equity€4,932
2021
Debt€85,721
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1,598
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin18.6%
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)1.8
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€176,012€223,728▲ 27.1%
Operating result-€82,554-€38,776€32,552▼ 16.1%€41,625▲ 27.9%
Net result-€105,505-€29,077€30,355▲ 4.4%€38,940▲ 28.3%
EBIT margin18.5%18.6%▲ 0.1pp
Equity-€105,837--€76,760▲ 27.5%-€34,010▲ 55.7%€4,932
Total assets€76,558-€102,998▲ 34.5%€115,369▲ 12.0%€90,653▼ 21.4%
Debt€182,395-€179,758▼ 1.4%€149,379▼ 16.9%€85,721▼ 42.6%
Working capital-€107,087--€76,978▲ 28.1%-€35,467▲ 53.9%€1,598
Staff (FTE)1-1=1=1.8▲ 80.0%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €90,653
Fixed assets
€3,334 ▲ 129%
Current assets
€87,319 ▼ 23.3%
Equity and liabilities €90,653
Equity
€4,932
Debt
€85,721
Debt finances 94.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€43,492▲
2020 · €33,172
Cash flow
€40,807▲
2020 · €30,975
Current ratio
1.02▲
2020 · 0.76
Debt to equity
17.38
ROE
789.6%
ROA
43.0%▲
2020 · 26.3%
Interest coverage
15.27
Debt ≤ 1 year
€85,721▼
2020 · €149,379
Staff costs
€77,116
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €176,012 | €223,728 | ▲ 27.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €101,799 | - |
| Remuneration, social security and pensions62 | - | - | - | €77,116 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,762 | €1,032 | €620 | €1,867 | ▲ 201% |
| Other operating charges640/8 | - | - | - | €1,322 | - |
| Gross operating margin9900 | -€24,405 | €99,182 | €88,923 | €121,929 | ▲ 37.1% |
| Operating profit (loss)9901 | -€82,554 | €38,776 | €32,552 | €41,625 | ▲ 27.9% |
| Financial income75/76B | - | - | - | €164 | - |
| Recurring financial income75 | €16 | €31 | €90 | €164 | ▲ 82.1% |
| Financial charges65/66B | - | - | - | €2,849 | - |
| Recurring financial charges65 | €6,362 | €4,621 | €2,287 | €2,849 | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | -€88,900 | €34,186 | €30,355 | €38,940 | ▲ 28.3% |
| Income taxes67/77 | €16,605 | €5,109 | - | - | - |
| Profit (loss) for the period9904 | -€105,505 | €29,077 | €30,355 | €38,940 | ▲ 28.3% |
| Profit (loss) for the period to be appropriated9905 | -€105,505 | €29,077 | €30,355 | €38,940 | ▲ 28.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €76,558 | €102,998 | €115,369 | €90,653 | ▼ 21.4% |
| Fixed assets21/28 | €1,250 | €218 | €1,457 | €3,334 | ▲ 129% |
| Tangible fixed assets22/27 | €1,032 | - | €1,239 | €3,116 | ▲ 151% |
| Furniture and vehicles24 | - | - | - | €3,116 | - |
| Financial fixed assets28 | €218 | €218 | €218 | €218 | ▲ 0.1% |
| Current assets29/58 | €75,308 | €102,780 | €113,912 | €87,319 | ▼ 23.3% |
| Amounts receivable within one year40/41 | €69,601 | €86,359 | €113,912 | €76,165 | ▼ 33.1% |
| Trade receivables40 | - | - | - | €68,145 | - |
| Other amounts receivable41 | - | - | - | €8,020 | - |
| Cash at bank and in hand54/58 | €5,707 | €16,421 | - | €11,154 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €76,558 | €102,998 | €115,369 | €90,653 | ▼ 21.4% |
| Equity10/15 | -€105,837 | -€76,760 | -€34,010 | €4,932 | - |
| Contributions10/11 | €6,205 | €6,205 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€113,902 | -€84,825 | -€54,470 | -€15,528 | ▲ 71.5% |
| Amounts payable17/49 | €182,395 | €179,758 | €149,379 | €85,721 | ▼ 42.6% |
| Amounts payable within one year42/48 | €182,395 | €179,758 | €149,379 | €85,721 | ▼ 42.6% |
| Trade debts44 | €42,078 | €43,876 | €16,991 | €15,478 | ▼ 8.9% |
| Suppliers440/4 | - | - | - | €15,478 | - |
| Taxes, remuneration and social security45 | - | - | - | €18,470 | - |
| Taxes450/3 | - | - | - | €10,252 | - |
| Remuneration and social security454/9 | - | - | - | €8,219 | - |
| Other amounts payable47/48 | - | - | - | €51,773 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€105,505 | €29,077 | €30,355 | €38,940 | ▲ 28.3% |
| + Depreciation and write-downs630 | €2,762 | €1,032 | €620 | €1,867 | ▲ 201% |
| Operating cash flow (approximation) | -€102,743 | €30,109 | €30,975 | €40,807 | ▲ 31.7% |
| Investment in fixed assets (approximation) | - | €0 | -€1,859 | -€3,744 | ▼ 101% |
| Change in cash | - | €10,714 | - | - | - |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 31-08-2022 | 2022-20397112 |
| 31-12-2020 | micro format | 28-08-2021 | 2021-56200531 |
| 31-12-2019 | micro format | 15-01-2021 | 2021-01000178 |
| 31-12-2018 | micro format | 18-09-2020 | 2020-54800035 |
| 31-12-2017 | micro format | 18-09-2020 | 2020-54800034 |
| 31-12-2016 | micro format | 25-06-2018 | 2018-22100045 |
| 31-12-2015 | full format | 03-03-2017 | 2017-05800020 |
| 31-12-2014 | full format | 03-03-2017 | 2017-05800019 |
| 31-12-2013 | full format | 25-04-2016 | 2016-10700515 |
| 31-12-2012 | abbreviated format | 31-07-2013 | 2013-39000138 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Magali Vandenbossche Chaussee De Tervuren 198F, 1410 Waterloo |
19-06-2023 → 21-11-2024 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2024
27-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Enterprise Court of Walloon Brabant · judgment of 21-11-2024
2023
23-06
Bankruptcy
Opening
Enterprise Court of Walloon Brabant · judgment of 19-06-2023
2022
31-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 31 days late
21-06
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- Board meeting, 05-02-2022
- Registered-office move, Chaussée de Tubize,481,1420 Braine-l'Alleud
2021
31-12
Financial
Highest result from 2018 to 2021net €38,940 ▲28.3%
Operating result €41,625, net result €38,940, both a record.
28-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 28 days late
15-01
NBB filing
Annual accounts filed
financial year 2019 · micro format · 168 days late
2020
18-09
NBB filing
Annual accounts filed
financial year 2018 · micro format · 415 days late
18-09
NBB filing
Annual accounts filed
financial year 2017 · micro format · 780 days late
2019
31-12
Financial
Back to profitnet €29,077
Net result €29,077 after one loss-making year.
2018
25-06
NBB filing
Annual accounts filed
financial year 2016 · micro format · 329 days late
2017
03-03
NBB filing
Annual accounts filed
financial year 2015 · full format · 215 days late
Show earlier events
03-03
NBB filing
Annual accounts filed
financial year 2014 · full format · 581 days late
2016
25-04
NBB filing
Annual accounts filed
financial year 2013 · full format · 634 days late
2013
31-07
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 25 annual accounts filed, the latest 10 are here; all 25 are under Financials.
1 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Inactive
SINAPSE is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Chaussee De La Hulpe 150, 1170 Watermael-Boitsfortas published on 21 June 2022
- Legal form
- Private limited company (pre-2019)
- Active since
- 1997 (first annual accounts)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.