SINEL & CO
ActiveSINEL & CO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €360k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 6.52 against 4.2 in 2024), and 22.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
77.8%
Return on assets
24.4%
Age of the figures
11 mo
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
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 filingsDeviation from the deadline
2025
90 d early
2024
1 d early
2023
4 d early
2022
34 d early
2021
16 d late
2020
2 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.15M▲ 37.5%
2024 · €834k
2018: €253k
2019: €292k
2020: €332k
2021: €383k
2022: €409k
2023: €505k
2024: €834k
2018 → 2025
Total assets
€1.47M▲ 4.8%
2024 · €1.41M
2018: €405k
2019: €481k
2020: €605k
2021: €832k
2022: €933k
2023: €1.13M
2024: €1.41M
2018 → 2025
Net result
€360k▲ 5.1%
2024 · €343k
2018: €8k
2019: €40k
2020: €40k
2021: €51k
2022: €26k
2023: €96k
2024: €343k
2018 → 2025
Working capital
€962k▲ 17.2%
2024 · €821k
2018: €318k
2019: €336k
2020: €367k
2021: €395k
2022: €382k
2023: €484k
2024: €821k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€383k-€409k▲ 6.8%€505k▲ 23.4%€834k▲ 65.1%€1.15M▲ 37.5%
Operating result€80k-€44k▼ 44.6%€144k▲ 225%€501k▲ 249%€517k▲ 3.2%
Net result€51k-€26k▼ 49.0%€96k▲ 270%€343k▲ 257%€360k▲ 5.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€337k▲ 2.7%
Current assets
€1.14M▲ 5.5%
Equity and liabilities €1.47M
Equity
€1.15M▲ 37.5%
Debt
€326k▼ 42.9%
The debt ratio falls from 40.7% to 22.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€564k▲
2024 · €550k
Cash flow
€407k▲
2024 · €392k
Solvency
77.8%▲
2024 · 59.3%
Current ratio
6.52▲
2024 · 4.20
Quick ratio
5.72▲
2024 · 4.14
Debt / equity
0.28▼
2024 · 0.69
ROE
31.4%▼
2024 · 41.1%
ROA
24.4%▲
2024 · 24.4%
Interest coverage
146.13▲
2024 · 96.54
Debt
€326k▼
2024 · €572k
Debt ≤ 1 year
€174k▼
2024 · €257k
Debt > 1 year
€152k▼
2024 · €168k
Income taxes
€160k▲
2024 · €154k
Staff costs
€55k▲
2024 · €30k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.41M€1.47M▲
Fixed assets21/28€328k€337k▲
Tangible fixed assets22/27€328k€337k▲
Land and buildings22€248k€234k▼
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€63k€90k▲
Current assets29/58€1.08M€1.14M▲
Stocks and contracts in progress3€15k€139k▲
Stocks30/36€15k€18k▲
Contracts in progress37-€121k
Amounts receivable within one year40/41€347k€138k▼
Trade receivables40€257k€121k▼
Other amounts receivable41€90k€18k▼
Cash at bank and in hand54/58€713k€856k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.47M▲
Equity10/15€834k€1.15M▲
Contributions10/11€19k€19k=
Reserves13€815k€1.13M▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€23k€23k=
Distributable reserves133€790k€1.10M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€572k€326k▼
Amounts payable after more than one year17€168k€152k▼
Financial debts170/4€168k€152k▼
Amounts payable within one year42/48€257k€174k▼
Current portion of amounts payable after more than one year42€21k€16k▼
Trade debts44€188k€113k▼
Suppliers440/4€188k€113k▼
Taxes, remuneration and social security45€41k€39k▼
Taxes450/3€34k€33k▼
Remuneration and social security454/9€7k€6k▼
Other amounts payable47/48€7k€6k▼
Accrued charges and deferred income492/3€148k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€30k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€47k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€31k€-116k▼
Other operating charges640/8€6k€257k▲
Gross operating margin9900€616k€759k▲
Operating profit (loss)9901€501k€517k▲
Financial income75/76B€2k€8k▲
Recurring financial income75€2k€8k▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€497k€521k▲
Income taxes67/77€154k€160k▲
Profit (loss) for the period9904€343k€360k▲
Transfer from tax-exempt reserves789€14k€0▼
Profit (loss) for the period to be appropriated9905€356k€360k▲
Appropriation of the result
Profit (loss) to be appropriated9906€356k€360k▲
Transfer from equity791/2-€47k
Transfer to equity691/2€343k€360k▲
To other reserves6921€343k€360k▲
Profit to be distributed694/7€14k€47k▲
Return on contributions (dividend)694€14k€47k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge4 facts ▸
- General meeting, 29/07/2026
- Director resignation, Ivo van den Bulck (niet-statutaire bestuurder)
- Director discharge, Ivo van den Bulck
- Power of attorney, BV VCS ACCOUNTANTS
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €360k ▲5.1%
Operating result €517k, net result €360k, both a record.
30-09
Financial
Equity above €1MEq €1.15M ▲37.5%
8 profitable years in a row build equity to €1.15M.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €500kEq €505k ▲23.4%
6 profitable years in a row build equity to €505k.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-07-2026
Resigned as Non-statutory director
Location & real-estate footprint
Registered office, Herselt · 1 establishment unit since 2003
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.
Veerlepad 72230 HerseltGround area
1,213 m²
Building footprint
172 m²
Volume, LiDAR
826 m³
Parcel 13392M0596/00A000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SINEL & CO
since 20032.155.136.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392M0596/00A000 | Flanders | 1,213 m² | 1 · 172 m² | 7.5 m · 2 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 22,729 companies in sector 43211 we hold annual accounts for 10,274. 4,243 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2003
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
45310
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.