Turnover
€211,310 ▲ 117%
Turnover rose in 2024 from €97,541 to €211,310.
SINDHAR
Lifetime
2 annual accounts with figures on one time axispeak €211,310 (2024)
€211,310▲ 117%
peak €4,753 (2024)
€4,753▲ 275%
peak €20,991 (2024)
€20,991▲ 58.2%
€14,805▼ 48.9%
Board2 names since 2023
1 directorSingh Shangara
Documentsfilings and deeds
31-07-2025on the last day
2024micro format
Address struck 06-09Turnover from €97,541 to €211,310Gross margin from €2,741 to €10,236Result from €1,266 to €4,753Registered office moved from Sint-Truiden to Diest 03-10Equity from €13,266 to €20,991
Key points
from the 2024 annual accountsPayment terms
5 days to suppliers
SINDHAR pays its suppliers 103 days earlier than in 2023. Customers pay 98 days earlier.
Liquidity
2.13 was 1.31 in 2023
Short-term debts fell from €28,954 to €14,805.
2025 accounts not filed, 100 days past the deadline
Checked score
19
Critical
Financially stronger than 64% of micro companies in retail trade (NACE 47)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
16.7% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.8%lowest value
01-2025: 5.9%▲ +0.1 percentage points vs 12-2024
02-2025: 5.8%▼ -0.1 percentage points vs 01-2025
03-2025: 5.9%▲ +0.1 percentage points vs 02-2025
04-2025: 7.1%▲ +1.2 percentage points vs 03-2025
05-2025: 8.4%▲ +1.3 percentage points vs 04-2025
06-2025: 8.5%▲ +0.1 percentage points vs 05-2025
07-2025: 8.6%▲ +0.1 percentage points vs 06-2025
08-2025: 6.7%▼ -1.9 percentage points vs 07-2025
09-2025: 6.7%● unchanged vs 08-2025
10-2025: 6.7%● unchanged vs 09-2025
11-2025: 6.7%● unchanged vs 10-2025
12-2025: 6.7%● unchanged vs 11-2025
01-2026: 6.6%▼ -0.1 percentage points vs 12-2025
02-2026: 6.5%▼ -0.1 percentage points vs 01-2026
03-2026: 7.1%▲ +0.6 percentage points vs 02-2026
04-2026: 8.7%▲ +1.6 percentage points vs 03-2026
05-2026: 11.3%▲ +2.6 percentage points vs 04-2026
06-2026: 11.5%▲ +0.2 percentage points vs 05-2026
07-2026: 11.5%● unchanged vs 06-2026
08-2026: 12.8%▲ +1.3 percentage points vs 07-2026
09-2026: 13.0%▲ +0.2 percentage points vs 08-2026
10-2026: 16.7%▲ +3.7 percentage points vs 09-2026highest value
11-2026: 16.7%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 31-07-2025)
Ex-officio strike-off in the KBO
Size: turnover €211,310, total assets €35,796
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 72% of them on solvency, 40% on liquidity, 53% on profitability and 91% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as SINDHAR has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SINDHAR itself is higher: 16.7% within 12 months. It rests on far more data about SINDHAR than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for SINDHAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 2.13 (1.31 in 2023), above the usual 1.5. Short-term debt is 41.4% and cash 9.1% of total assets. 41.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 100 days later.
NBB · 2 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline08-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
35 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 18 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Recent changes
Registered office moved from Diest to Mol
New registered office: Statiestraat 60, 2400 Mol · Previous registered office: Diestsebaan 148, 3290 Diest · Resignation: Singh Shangara (director) · General meeting of 01-08-2025 · Gazette deed
New establishment in Balen
Vaartstraat 51
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801584046
Registered office moved from Sint-Truiden to Diest
New registered office: Diestsebaan 148, 3290 Diest · Previous registered office: Stationsstraat 25/0201, 3800 Sint-Truiden · General meeting of 05-08-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SINDHAR Mol | €211,310 | 3.4% | 58.6% | - |
| ASP Antwerp | - | - | 32.2% | - |
| Pavill's Nightshop Antwerp | - | - | 81.0% | - |
| ASIF BELGIUM Charleroi | €41,403 | 11.1% | 6.9% | - |
| FMA Moorslede | €418,577 | 2.5% | 62.9% | - |
| GNS.AB Geel | - | - | 34.1% | - |
| Sardi-Valley Mechelen | - | - | 51.7% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SINDHAR: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €27,900 and €34,700, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 09-05-2023Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2024
- Establishment units
- 2.345.022.0153290 Diest, since 09-05-2023
- 2.389.455.7352490 Balen, since 01-05-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 03-05-2025
Insights on SINDHAR
SINDHAR has existed since 2023. The present size dates from 2024. Turnover rose that year from €97,541 to €211,310.
Solvency rose in 2024 from 31.4% to 58.6% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SINDHAR
- What is the company number of SINDHAR?
- The company number of SINDHAR is 0801.584.046. The VAT number is the same number with BE in front: BE 0801.584.046.
- Where is SINDHAR based?
- The registered office is at Statiestraat 60, 2400 Mol.Company details
- What does SINDHAR do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of SINDHAR?
- SINDHAR is a private limited company (BV).
- When was SINDHAR founded?
- SINDHAR was founded on 09-05-2023.
- Is SINDHAR still active?
- Yes, SINDHAR is an active enterprise in the KBO register.
- How many employees does SINDHAR have?
- SINDHAR had an average of 0.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does SINDHAR fall under?
- In its 2024 annual accounts, SINDHAR states joint committee 201 (Independent retail).
- What is the turnover of SINDHAR?
- The turnover of SINDHAR was €211,310 in financial year 2024, according to the filed annual accounts.
- Is SINDHAR profitable?
- In financial year 2024, SINDHAR made a profit of €4,753.
- Where can I find the annual accounts of SINDHAR?
- SINDHAR filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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