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SINEL & CO

Active
Private limited companyfounded 2003active for 23 yearsVeerlepad 7, 2230 Herselt, BelgiumKBO/BCE: BE 0480.260.163
Summary

SINEL & CO has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €360,224. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 86% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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SINEL & COActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
General electrical installation work
NACE 43211
6th largest company by equity in Herselt, Construction sector1 site
Size
≈ €1.7mturnover 2025, estimated
Staff
1.4 FTE
Equity
€1.1m
Profit
€360,224
Turnover estimated from the gross margin
Financial health
98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 90 days early
Why 98raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 6.52, cash €855,911Equity €1.1m (77.8% of total assets)Founded in 2003Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 87% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100+16
equity 77.8% of total assets
Liquidity 99+4
short-term debt 11.8% · cash 58.1%
Profitability 99=
return on assets 24.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: 0.1%▲ +0.1 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025highest value 05-2025: < 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.52, compared with 4.2 in 2024, above the usual 1.5; short-term debt: 11.8% and cash: 58.1% of total assets), and 22.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 90% on solvency, 95% on liquidity, 85% on profitability and 78% on growth.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 6.52, cash €855,911
NBB · annual accounts
lowers risk · Equity €1.1m (77.8% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2003
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-01-2026, 90 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
90 days early
2024
1 day early
2023
4 days early
2022
34 days early
2021
16 days late
2020
2 days early
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 18 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end31-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Ivo van den Bulck (director)Director discharge
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Highest result from 2019 to 2025net €360,224 ▲5.1%

Key points

  • Positive: Among the best 6% on net resultsector median €26,903 · 9,857 companies €360,224 View
  • Caution: A director leftlatest change 07-08-2026 · 1 in office 1 left View
  • Positive: 7 profitable years in a rowprofit 2025: €360,224 7 years View
  • Positive: Equity rose in 2025from €834,015 to €1.1m ▲ 37.5% View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Total assets
€1.5m
Profit
€360,224
Solvency
77.8%
Total assets▲ 4.8%
Net result
20192025
Go to Financials

Timeline

Events
28
Since
2005
Next accounts
by 30-04-2027
  1. 30-09-2025Equity above €1m
  2. 29-04-2025Annual accounts filed
  3. 26-04-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
20-05-2003
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
28
Annual meeting
First Monday of March
Purpose
“De uitbating van een onderneming voor electriciteitswerken en electrische installaties; De…” (deed in Dutch)
Go to Articles of association

Key facts about SINEL & CO

What is the company number of SINEL & CO?
0480.260.163. In Belgium the VAT number is the company number with BE in front: BE 0480.260.163.
Where is SINEL & CO based?
The registered office is at Veerlepad 7, 2230 Herselt.Company details
What does SINEL & CO do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of SINEL & CO?
Private limited company (BV).
When was SINEL & CO founded?
On 20-05-2003.
Is SINEL & CO still active?
Yes, SINEL & CO is an active enterprise in the KBO register.
How many employees does SINEL & CO have?
On average 1.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SINEL & CO?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SINEL & CO profitable?
In financial year 2025, SINEL & CO made a profit of €360,224.
Where can I find the annual accounts of SINEL & CO?
SINEL & CO filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SINEL & CO due?
By 30-04-2027, for financial year 2026.Timeline

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