SINDBAD MANAGEMENT
ActiveSINDBAD MANAGEMENT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.55M and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability29▼-4
Solvency55▼-31
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days only on tighter terms
Liquidity ample (current ratio 7.67 against 5.13 in 2023; short-term debt: 2.5% and cash: 3.7% of total assets), but 69.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
30.1%
Return on assets
0%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
110 d late
2023
61 d late
2022
3 d early
2021
24 d late
2020
90 d late
2019
110 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€3.55M▼ 0.1%
2023 · €3.56M
2018: €135k
2019: €131k
2020: €337k
2021: €334k
2022: €2.77M
2023: €3.56M
2018 → 2024
Total assets
€11.81M▲ 104%
2023 · €5.79M
2018: €166k
2019: €147k
2020: €425k
2021: €421k
2022: €5.03M
2023: €5.79M
2018 → 2024
Net result
€-5k▲ 46.4%
2023 · €-9k
2018: €-9k
2019: €-4k
2020: €206k
2021: €-3k
2022: €22k
2023: €-9k
2018 → 2024
Working capital
€1.93M▲ 2.5%
2023 · €1.88M
2018: €-17k
2019: €-15k
2020: €424k
2021: €421k
2022: €2.43M
2023: €1.88M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€337k-€334k▼ 0.9%€2.77M▲ 729%€3.56M▲ 28.6%€3.55M▼ 0.1%
Operating result€268k-€-10k€17k€25k▲ 51.2%€111k▲ 340%
Net result€206k-€-3k€22k€-9k€-5k▲ 46.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 340% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.81M
Fixed assets
€9.59M▲ 178%
Current assets
€2.22M▼ 5.1%
Equity and liabilities €11.81M
Equity
€3.55M▼ 0.1%
Provisions
€64k▼ 3.1%
Debt
€8.19M▲ 279%
The debt ratio rises from 37.4% to 69.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€186k▲
2023 · €101k
Cash flow
€70k▲
2023 · €67k
Solvency
30.1%▼
2023 · 61.5%
Current ratio
7.67▲
2023 · 5.13
Quick ratio
7.67▲
2023 · 5.13
Debt / equity
2.30▲
2023 · 0.61
ROE
-0.1%▲
2023 · -0.3%
ROA
0.0%▲
2023 · -0.2%
Interest coverage
1.27▼
2023 · 1.73
Debt
€8.19M▲
2023 · €2.16M
Debt ≤ 1 year
€290k▼
2023 · €457k
Debt > 1 year
€7.85M▲
2023 · €1.69M
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€5.79M€11.81M▲
Fixed assets21/28€3.45M€9.59M▲
Tangible fixed assets22/27€3.41M€2.64M▼
Land and buildings22€3.41M€2.64M▼
Financial fixed assets28€40k€6.95M▲
Current assets29/58€2.34M€2.22M▼
Amounts receivable after more than one year29€2.26M€1.63M▼
Other amounts receivable291€2.26M€1.63M▼
Amounts receivable within one year40/41€67k€149k▲
Trade receivables40€6k€16k▲
Other amounts receivable41€61k€133k▲
Cash at bank and in hand54/58€15k€443k▲
Equity and liabilities
Total equity and liabilities10/49€5.79M€11.81M▲
Equity10/15€3.56M€3.55M▼
Contributions10/11€3.24M€3.24M=
Reserves13€201k€195k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€199k€193k▼
Profit (loss) carried forward14€120k€122k▲
Provisions and deferred taxes16€66k€64k▼
Deferred taxes168€66k€64k▼
Amounts payable17/49€2.16M€8.19M▲
Amounts payable after more than one year17€1.69M€7.85M▲
Financial debts170/4€1.15M€872k▼
Other amounts payable178/9€538k€6.98M▲
Amounts payable within one year42/48€457k€290k▼
Current portion of amounts payable after more than one year42€111k€113k▲
Financial debts43€9k-
Credit institutions430/8€9k-
Trade debts44€324k€164k▼
Suppliers440/4€324k€164k▼
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€13k€12k▼
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3€19k€47k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€75k▼
Other operating charges640/8€12k€16k▲
Gross operating margin9900€113k€202k▲
Operating profit (loss)9901€25k€111k▲
Financial income75/76B€21k€71k▲
Recurring financial income75€21k€71k▲
Financial charges65/66B€58k€189k▲
Recurring financial charges65€58k€146k▲
Non-recurring financial charges66B-€42k
Profit (loss) for the period before taxes9903€-12k€-7k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€-1k-
Profit (loss) for the period9904€-9k€-5k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€-3k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€120k€122k▲
Profit (loss) brought forward from the previous period14P€123k€120k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-9k ▼141%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.77M ▲729%
Equity rises from €334k to €2.77M.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €206k
Net result €206k after 2 loss-making years.
31-12
Financial
Liquidity times 8307current ratio 443.34
Current ratio from 0.05 to 443.34; short-term debt falls from €16k to €958.
31-12
Financial
Equity above €200kEq €337k ▲157%
Equity rises from €131k to €337k.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 110 days late
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
13-07
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, Ukkel · 1 establishment unit since 2002
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.
Gatti de Gamondstraat 241180 UkkelGround area
1,224 m²
Building footprint
568 m²
Volume, LiDAR
11,859 m³
Parcel 21616A0227/00S002, Brussels · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Gatti de Gamondstraat 24, 1180 Ukkel
since 20022.114.572.086
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0227/00S002 | Brussels | 1,224 m² | 1 · 568 m² | 23.6 m · 7 fl. |
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.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 14,208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.