Sinari Benelux
ActiveSinari Benelux has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €337k and a net result of €221k. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 1395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+8
Solvency62▲+25
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.12 in 2024; short-term debt: 62.9% and cash: 23% of total assets), but 62.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.1%
Return on assets
24.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
7 d early
2024
45 d early
2023
8 d late
2022
31 d late
2021
29 d late
2020
16 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€221k▲ 27.3%
2024 · €174k
2021: €382k
2022: €588k
2023: €419k
2024: €174k
2021 → 2025
Working capital
€297k▲ 190%
2024 · €102k
2021: €56k
2022: €51k
2023: €73k
2024: €102k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€73k▼ 14.3%€92k▲ 26.5%€116k▲ 25.9%€337k▲ 191%
Operating result€524k-€760k▲ 45.0%€395k▼ 48.0%€135k▼ 65.7%€251k▲ 85.0%
Net result€382k-€588k▲ 54.0%€419k▼ 28.7%€174k▼ 58.6%€221k▲ 27.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 85% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €908k
Fixed assets
€40k▲ 204%
Current assets
€867k▼ 11.2%
Equity and liabilities €908k
Equity
€337k▲ 191%
Debt
€571k▼ 34.7%
The debt ratio falls from 88.3% to 62.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€265k▲
2024 · €146k
Cash flow
€236k▲
2024 · €184k
Solvency
37.1%▲
2024 · 11.7%
Current ratio
1.52▲
2024 · 1.12
Quick ratio
1.52▲
2024 · 1.12
Debt / equity
1.69▼
2024 · 7.56
ROE
65.7%▼
2024 · 150.3%
ROA
24.4%▲
2024 · 17.6%
Interest coverage
346.23▲
2024 · 209.52
Debt
€571k▼
2024 · €874k
Debt ≤ 1 year
€571k▼
2024 · €874k
Income taxes
€96k▲
2024 · €93k
Staff costs
€1.33M▼
2024 · €1.65M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€990k€908k▼
Fixed assets21/28€13k€40k▲
Intangible fixed assets21€4k€0▼
Tangible fixed assets22/27€9k€40k▲
Furniture and vehicles24€9k€24k▲
Other tangible fixed assets26-€16k
Current assets29/58€977k€867k▼
Amounts receivable within one year40/41€769k€600k▼
Trade receivables40€137k€229k▲
Other amounts receivable41€632k€370k▼
Cash at bank and in hand54/58€77k€209k▲
Deferred charges and accrued income490/1€130k€59k▼
Equity and liabilities
Total equity and liabilities10/49€990k€908k▼
Equity10/15€116k€337k▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€50k€271k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€44k€265k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€874k€571k▼
Amounts payable within one year42/48€874k€571k▼
Trade debts44€445k€303k▼
Suppliers440/4€445k€303k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€250k€268k▲
Taxes450/3€16k€51k▲
Remuneration and social security454/9€234k€217k▼
Other amounts payable47/48€180k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.65M€1.33M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€15k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-16k€-69k▼
Other operating charges640/8€4k€79k▲
Non-recurring operating charges66A€0€1k▲
Gross operating margin9900€1.78M€1.61M▼
Operating profit (loss)9901€135k€251k▲
Financial income75/76B€131k€67k▼
Recurring financial income75€71k€37k▼
Non-recurring financial income76B€60k€30k▼
Financial charges65/66B€696€766▲
Recurring financial charges65€696€766▲
Profit (loss) for the period before taxes9903€266k€317k▲
Income taxes67/77€93k€96k▲
Profit (loss) for the period9904€174k€221k▲
Profit (loss) for the period to be appropriated9905€174k€221k▲
Appropriation of the result
Profit (loss) to be appropriated9906€174k€221k▲
Transfer to equity691/2€24k€221k▲
To other reserves6921€24k€221k▲
Profit to be distributed694/7€150k€0▼
Return on contributions (dividend)694€150k€0▼
Social balance
Average headcount (FTE)908717.313.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge6 facts ▸
- General meeting, 08/01/2026
- Director resignation, RUFFLÉ Sébastien (bestuurder)
- Director discharge, RUFFLÉ Sébastien
- Director appointment, P20 Conseil (bestuurder)
- Permanent representative, Pierre Polette
- Power of attorney, RSM InterFiduciaire BV
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €200kEq €337k ▲191%
5 profitable years in a row build equity to €337k.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €174k ▼58.6%
Net result drops to €174k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €116k ▲25.9%
4 profitable years in a row build equity to €116k.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €588k ▲54%
Operating result €760k, net result €588k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
P20 Conseil
CurrentDirector · since 08-01-2026 · Legal entity · perm. rep.: Pierre Polette
08-01-2026
P20 Conseil: Appointed as Director
08-01-2026
RUFFLÉ Sébastien: Resigned as Director
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ter Waarde 508900 IeperGround area
8,511 m²
Building footprint
2,378 m²
Volume, LiDAR
50,216 m³
2 parcels, Flanders · tallest building 30.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
TAS-tms
since 20192.293.769.490
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33306B0344/00C000 | Flanders | 8,193 m² | 1 · 2,062 m² | 30.5 m · 9 fl. |
| 33306B0324/00E002 | Flanders | 318 m² | 1 · 317 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 9,900 EUR awarded · 9,900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 9,900 EUR |
| 2023 | 1 | 9,900 EUR | 0 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
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Of 16,869 companies in sector 62100 we hold annual accounts for 8,779. 6,040 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-07-2019
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.