SINDUCON
ActiveSummary
SINDUCON has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173,730 and a net result of €33,005. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-7
Solvency99▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 3.77 against 4.13 in 2024; short-term debt: 25.7% and cash: 25.9% of total assets), and 25.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
74.3%
Return on assets
14.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 5 filingsDeviation from the deadline
2025
25 d late
2024
63 d late
2023
122 d late
2022
39 d early
2021
8 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€173,730▲ 23.5%
2024 · €140,725
Total assets
€233,755▲ 29.0%
2024 · €181,236
Net result
€33,005▼ 6.2%
2024 · €35,170
Working capital
€166,564▲ 31.4%
2024 · €126,745
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41,272-€58,218▲ 41.1%€39,472▼ 32.2%€50,427▲ 27.8%€47,104▼ 6.6%
Net result€29,517within the sector's middle half-€41,892within the sector's middle half▲ 41.9%€28,146within the sector's middle half▼ 32.8%€35,170within the sector's middle half▲ 25.0%€33,005within the sector's middle half▼ 6.2%
Equity€35,517within the sector's middle half-€77,409within the sector's middle half▲ 118%€105,555within the sector's middle half▲ 36.4%€140,725within the sector's middle half▲ 33.3%€173,730above the sector's middle half▲ 23.5%
Total assets€90,172within the sector's middle half-€142,122within the sector's middle half▲ 57.6%€160,052within the sector's middle half▲ 12.6%€181,236within the sector's middle half▲ 13.2%€233,755within the sector's middle half▲ 29.0%
Debt€54,655-€64,713▲ 18.4%€54,497▼ 15.8%€40,511▼ 25.7%€60,025▲ 48.2%
Working capital€24,143within the sector's middle half-€63,849within the sector's middle half▲ 164%€91,520within the sector's middle half▲ 43.3%€126,745above the sector's middle half▲ 38.5%€166,564above the sector's middle half▲ 31.4%
Solvency39.4%within the sector's middle half-54.5%within the sector's middle half▲ 15.1pp66.0%within the sector's middle half▲ 11.5pp77.6%within the sector's middle half▲ 11.7pp74.3%within the sector's middle half▼ 3.3pp
Current ratio1.72within the sector's middle half-2.22within the sector's middle half▲ 0.502.84within the sector's middle half▲ 0.624.13within the sector's middle half▲ 1.293.77within the sector's middle half▼ 0.35
Return on assets (ROA)32.7%above the sector's middle half-29.5%above the sector's middle half▼ 3.3pp17.6%within the sector's middle half▼ 11.9pp19.4%within the sector's middle half▲ 1.8pp14.1%within the sector's middle half▼ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233,755
Fixed assets
€7,167 ▼ 48.7%
Current assets
€226,588 ▲ 35.5%
Equity and liabilities €233,755
Equity
€173,730 ▲ 23.5%
Debt
€60,025 ▲ 48.2%
Debt's share of the balance-sheet total rises from 22.4% to 25.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,028▼
2024 · €57,977
Cash flow
€40,930▼
2024 · €42,720
Debt to equity
0.35▲
2024 · 0.29
ROE
19.0%▼
2024 · 25.0%
Interest coverage
146.19▼
2024 · 1347.36
Debt ≤ 1 year
€60,025▲
2024 · €40,511
Income taxes
€13,722▼
2024 · €15,420
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,428 | €7,172 | €7,180 | €7,550 | €7,924 | ▲ 5.0% |
| Other operating charges640/8 | €449 | €581 | €403 | €623 | €63 | ▼ 89.8% |
| Gross operating margin9900 | €47,148 | €65,970 | €47,055 | €58,600 | €55,092 | ▼ 6.0% |
| Operating profit (loss)9901 | €41,272 | €58,218 | €39,472 | €50,427 | €47,104 | ▼ 6.6% |
| Financial income75/76B | €8 | €218 | - | €206 | - | - |
| Recurring financial income75 | €8 | €218 | - | €206 | - | - |
| Financial charges65/66B | €579 | €663 | €598 | €43 | €376 | ▲ 775% |
| Recurring financial charges65 | €579 | €663 | €598 | €43 | €376 | ▲ 775% |
| Profit (loss) for the period before taxes9903 | €40,700 | €57,773 | €38,874 | €50,590 | €46,727 | ▼ 7.6% |
| Income taxes67/77 | €11,183 | €15,881 | €10,728 | €15,420 | €13,722 | ▼ 11.0% |
| Profit (loss) for the period9904 | €29,517 | €41,892 | €28,146 | €35,170 | €33,005 | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €29,517 | €41,892 | €28,146 | €35,170 | €33,005 | ▼ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,172 | €142,122 | €160,052 | €181,236 | €233,755 | ▲ 29.0% |
| Fixed assets21/28 | €32,306 | €25,795 | €18,822 | €13,980 | €7,167 | ▼ 48.7% |
| Tangible fixed assets22/27 | €32,306 | €25,795 | €18,822 | €13,980 | €7,167 | ▼ 48.7% |
| Plant, machinery and equipment23 | - | - | - | - | €1,071 | - |
| Furniture and vehicles24 | €4,729 | €4,236 | €3,281 | €4,457 | €2,592 | ▼ 41.9% |
| Leasing and similar rights25 | €27,578 | €21,559 | €15,541 | €9,522 | €3,504 | ▼ 63.2% |
| Current assets29/58 | €57,866 | €116,327 | €141,230 | €167,257 | €226,588 | ▲ 35.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €110,000 | - |
| Other amounts receivable291 | - | - | - | - | €110,000 | - |
| Amounts receivable within one year40/41 | €33,565 | €30,306 | €25,429 | €23,158 | €54,183 | ▲ 134% |
| Trade receivables40 | €30,358 | €29,498 | €25,429 | €17,958 | €52,905 | ▲ 195% |
| Other amounts receivable41 | €3,207 | €808 | - | €5,200 | €1,278 | ▼ 75.4% |
| Cash at bank and in hand54/58 | €23,389 | €84,640 | €115,156 | €142,533 | €60,543 | ▼ 57.5% |
| Deferred charges and accrued income490/1 | €912 | €1,381 | €646 | €1,566 | €1,862 | ▲ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,172 | €142,122 | €160,052 | €181,236 | €233,755 | ▲ 29.0% |
| Equity10/15 | €35,517 | €77,409 | €105,555 | €140,725 | €173,730 | ▲ 23.5% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €29,517 | €71,409 | €99,555 | €134,725 | €167,730 | ▲ 24.5% |
| Distributable reserves133 | €29,517 | €71,409 | €99,555 | €134,725 | €167,730 | ▲ 24.5% |
| Amounts payable17/49 | €54,655 | €64,713 | €54,497 | €40,511 | €60,025 | ▲ 48.2% |
| Amounts payable after more than one year17 | €20,932 | €12,235 | €4,787 | - | - | - |
| Financial debts170/4 | €20,932 | €12,235 | €4,787 | - | - | - |
| Amounts payable within one year42/48 | €33,722 | €52,479 | €49,710 | €40,511 | €60,025 | ▲ 48.2% |
| Current portion of amounts payable after more than one year42 | €9,613 | €8,698 | €7,448 | €4,166 | - | - |
| Trade debts44 | €1,130 | €534 | €3,733 | €4,277 | €1,852 | ▼ 56.7% |
| Suppliers440/4 | €1,130 | €534 | €3,733 | €4,277 | €1,852 | ▼ 56.7% |
| Taxes, remuneration and social security45 | €22,979 | €42,853 | €14,459 | €1,956 | €9,337 | ▲ 377% |
| Taxes450/3 | €14,979 | €34,853 | €14,459 | €1,956 | €9,337 | ▲ 377% |
| Remuneration and social security454/9 | €8,000 | €8,000 | - | - | - | - |
| Other amounts payable47/48 | - | €394 | €24,071 | €30,112 | €48,836 | ▲ 62.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,517 | €41,892 | €28,146 | €35,170 | €33,005 | ▼ 6.2% |
| + Depreciation and write-downs630 | €5,428 | €7,172 | €7,180 | €7,550 | €7,924 | ▲ 5.0% |
| Operating cash flow (approximation) | €34,945 | €49,063 | €35,326 | €42,720 | €40,930 | ▼ 4.2% |
| Investment in fixed assets (approximation) | - | -€660 | -€207 | -€2,707 | -€1,112 | ▲ 58.9% |
| Change in cash | - | €61,251 | €30,516 | €27,377 | -€81,990 | ▼ 399% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Equity above €150,000Eq €173,730 ▲23.5%
5 profitable years in a row build equity to €173,730.
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
31-12
Financial
Weakest financial yearnet €28,146 ▼32.8%
Net result drops to €28,146, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €105,555 ▲36.4%
3 profitable years in a row build equity to €105,555.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €41,892 ▲41.9%
Operating result €58,218, net result €41,892, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kapelle-op-den-Bos · 1 establishment unit since 2021
Ground area
859 m²
Building footprint
111 m²
Volume, LiDAR
560 m³
Parcel 23039B0115/00V003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SINDUCON
since 20212.318.254.270
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23039B0115/00V003 | Flanders | 858 m² | 1 · 111 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2024 · 1 entry · 899 EUR awarded · 899 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 899 EUR | 899 EUR |
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,375 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
91420Libraries, archives, museums and other cultural activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769667878
Also
9925:BE0769667878
Registered
12-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.