Checked.be
Active
BE 0449.644.092Private limited company
SINCLEAN
Broedersstraat 46 ·9100 Sint-Niklaas, Belgium· 33 yrs active
Sector: Wholesale trade
(46442)
Conclusion
SINCLEAN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €302. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 33% of 10963 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €45k |
| Net result | €302 |
| Better than sector | 33% |
| Active | 33 yrs |
Financial profile
49
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
63
Profitability
3
Solvency
46
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1993, 33 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
63
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
65
2020
58
2021
35
2022
64
2023
56
2024
63
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.67 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.13 (≥ 1.0)
+5
Leverage
Debt/equity 3.25 (> 3.0)
-10
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 3.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-04-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, net result would indicatively turn negative around fiscal year 2026, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.3% | 42.5% | |
| Net result | €302 | €6k | |
| Equity | €45k | €60k | |
| Gross operating margin | €44k | €29k | |
| Total assets | €232k | €175k |
€18k
-37.2%
20-25
€302
-89.5%
20-25
€18k
-14.0%
20-25
€232k
-13.5%
20-25
€45k
-3.0%
20-25
€61k
+29.1%
20-25
€764
-58.0%
20-25
€2k
0.0%
20-25
€145k
-27.4%
20-25
€91k
-26.3%
20-25
€55k
-23.5%
20-25
1.67
+20.8%
20-25
1.13
+34.5%
20-25
19.3%
+12.2%
20-25
3.25
-25.2%
20-25
0.7%
-89.1%
20-25
0.1%
-87.8%
20-25
3.34
-31.3%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €18k | €28k | €28k | €16k | €22k |
| Net profit | €302 | €3k | €4k | €-5k | €2k |
| Cash flow | €18k | €21k | €21k | €10k | €17k |
| Staff costs | - | - | - | - | - |
| Income taxes | €764 | €2k | €315 | €64 | €273 |
| Dividends | €2k | €2k | €2k | - | - |
| Total assets | €232k | €268k | €277k | €279k | €300k |
| Equity | €45k | €46k | €45k | €42k | €47k |
| Debt | €145k | €200k | €220k | €226k | €241k |
| of which ≤ 1y | €91k | €123k | €125k | €134k | €131k |
| of which > 1y | €55k | €71k | €90k | €91k | €110k |
| Working capital | €61k | €47k | €37k | €36k | €45k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.67 | 1.38 | 1.30 | 1.27 | 1.34 |
| Quick ratio | 1.13 | 0.84 | 0.83 | 0.83 | 0.87 |
| Working capital ratio | 26.2% | 17.5% | 13.4% | 12.9% | 15.0% |
| Solvency | 19.3% | 17.2% | 16.2% | 15.1% | 15.7% |
| Debt / equity | 3.25 | 4.34 | 4.90 | 5.35 | 2.32 |
| Long-term debt ratio | 1.22 | 1.55 | 2.01 | 2.17 | 2.32 |
| Interest coverage | 3.34 | 4.86 | 4.44 | 2.44 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.1% | 1.1% | 1.6% | -1.8% | 0.6% |
| ROE | 0.7% | 6.2% | 9.7% | -11.9% | 4.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €232k | €268k | €277k | €279k | €300k |
| Fixed assets | 21/28 | €81k | €98k | €115k | €109k | €124k |
| Tangible fixed assets | 22/27 | €81k | €98k | €115k | €109k | €124k |
| Financial fixed assets | 28 | €5 | €5 | €5 | €5 | €5 |
| Current assets | 29/58 | €151k | €170k | €162k | €170k | €176k |
| Stocks & contracts in progress | 3 | €49k | €66k | €58k | €59k | €62k |
| Amounts receivable within one year | 40/41 | €11k | €24k | €23k | €27k | €29k |
| Investments | 50/53 | €40k | €54k | €52k | €61k | €66k |
| Cash & bank | 54/58 | €46k | €20k | €22k | €17k | €17k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €232k | €268k | €277k | €279k | €300k |
| Equity | 10/15 | €45k | €46k | €45k | €42k | €47k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €26k | €27k | €26k | €27k | €27k |
| Accumulated profits (losses) | 14 | - | - | - | €-3k | €2k |
| Provisions & deferred taxes | 16 | €42k | €22k | €13k | €11k | €12k |
| Amounts payable | 17/49 | €145k | €200k | €220k | €226k | €241k |
| Amounts payable after one year | 17 | €55k | €71k | €90k | €91k | €110k |
| Amounts payable within one year | 42/48 | €91k | €123k | €125k | €134k | €131k |
| Trade debts payable within one year | 44 | €2k | €16k | €11k | €7k | €15k |
| Income statement | ||||||
| Gross operating margin | 9900 | €44k | €47k | €36k | €21k | €37k |
| Operating result | 9901 | €215 | €10k | €11k | €2k | €7k |
| Financial income | 75 | €74 | €87 | €92 | €34 | €191 |
| Financial charges | 65 | €5k | €6k | €6k | €7k | €7k |
| Result before taxes | 9903 | €1k | €5k | €5k | €-5k | €584 |
| Income taxes | 67/77 | €764 | €2k | €315 | €64 | €273 |
| Net result for the period | 9904 | €302 | €3k | €4k | €-5k | €311 |
| Result to be appropriated | 9905 | €302 | €3k | €4k | €-5k | €311 |
Legal Structure
| NACE primary | Wholesale trade(46442) |
| Legal form | Private limited company(610) |
| Incorporation | 26-03-1993 |
| Status | Active |
| Postal code | 9100 |
Establishment units
SINCLEAN
since 19932.061.539.911
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D0758/00P003 | Flanders | 933 m² | 1 · 494 m² | 7.2 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-5k ▼358%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale trade4644251442
Names & trade names
| Legal nameNL | SINCLEAN |
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