SINBAD
ActiveThe computed 12-month bankruptcy probability of SINBAD is 1.6% (moderate). The 2024 annual accounts show equity of €99k and a net result of €28k. Equity is growing by ~50.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 18936 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
93
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency95▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 1.97 against 1.7 in 2023), and 47.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.3%
Return on assets
15%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 227 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline15-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 28-02-2025, 28 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
not filed
2024
28 d late
2023
29 d late
2022
1 d early
2021
44 d early
2020
on the day
2019
45 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€99k▲ 40.0%
2023 · €71k
2019: €-3k
2020: €23k
2021: €52k
2022: €20k
2023: €71k
2019 → 2024
Total assets
€190k▲ 23.9%
2023 · €153k
2019: €30k
2020: €62k
2021: €77k
2022: €125k
2023: €153k
2019 → 2024
Net result
€28k▼ 43.8%
2023 · €51k
2019: €-35k
2020: €26k
2021: €29k
2022: €60k
2023: €51k
2019 → 2024
Working capital
€88k▲ 52.5%
2023 · €58k
2019: €-6k
2020: €21k
2021: €51k
2022: €577
2023: €58k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€52k▲ 123%€20k▼ 60.8%€71k▲ 247%€99k▲ 40.0%
Operating result€26k-€28k▲ 9.0%€81k▲ 187%€76k▼ 6.1%€39k▼ 49.1%
Net result€26k-€29k▲ 9.9%€60k▲ 109%€51k▼ 16.0%€28k▼ 43.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €190k
Fixed assets
€12k▼ 13.0%
Current assets
€178k▲ 27.4%
Equity and liabilities €190k
Equity
€99k▲ 40.0%
Debt
€91k▲ 9.9%
The debt ratio falls from 53.7% to 47.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€42k▼
2023 · €80k
Cash flow
€32k▼
2023 · €54k
Solvency
52.3%▲
2023 · 46.3%
Current ratio
1.97▲
2023 · 1.70
Quick ratio
1.94▲
2023 · 1.67
Debt / equity
0.91▼
2023 · 1.16
ROE
28.6%▼
2023 · 71.2%
ROA
15.0%▼
2023 · 33.0%
Interest coverage
27.27▼
2023 · 32.41
Debt
€91k▲
2023 · €82k
Debt ≤ 1 year
€91k▲
2023 · €82k
Income taxes
€10k▼
2023 · €24k
Staff costs
€97k▼
2023 · €101k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€153k€190k▲
Fixed assets21/28€14k€12k▼
Tangible fixed assets22/27€13k€11k▼
Plant, machinery and equipment23€8k€7k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€1k€1k=
Current assets29/58€140k€178k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€17k€17k▼
Trade receivables40€17k€14k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€120k€159k▲
Deferred charges and accrued income490/1€920-
Equity and liabilities
Total equity and liabilities10/49€153k€190k▲
Equity10/15€71k€99k▲
Contributions10/11€19k€19k=
Reserves13€52k€72k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€50k€70k▲
Profit (loss) carried forward14€599€9k▲
Amounts payable17/49€82k€91k▲
Amounts payable within one year42/48€82k€91k▲
Trade debts44€11k€23k▲
Suppliers440/4€11k€23k▲
Taxes, remuneration and social security45€48k€68k▲
Taxes450/3€32k€47k▲
Remuneration and social security454/9€16k€21k▲
Other amounts payable47/48€24k-
Income statement
Code20232024
Remuneration, social security and pensions62€101k€97k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€184k€143k▼
Operating profit (loss)9901€76k€39k▼
Financial income75/76B€493€824▲
Recurring financial income75€493€824▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€74k€38k▼
Income taxes67/77€24k€10k▼
Profit (loss) for the period9904€51k€28k▼
Profit (loss) for the period to be appropriated9905€51k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€29k▼
Profit (loss) brought forward from the previous period14P-€599
Transfer to equity691/2€50k€20k▼
To other reserves6921€50k€20k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €60k ▲109%
Operating result €81k, net result €60k, both a record.
2021
18-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2006
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.
Kerkstraat 302060 AntwerpenGround area
121 m²
Building footprint
120 m²
Parcel 11808H0853/00E002, Flanders. Linked by address, not a title deed.
1 establishment unit
SINBAD
since 20062.150.744.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H0853/00E002 | Flanders | 121 m² | 1 · 120 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.150.744.178
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Of 21,627 companies in sector 56112 we hold annual accounts for 9,654. 7,744 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2005
Fiscal year end30-06
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.