Checked.be
Active
BE 0400.208.340Private limited company
SINELCO INTERNATIONAL
Klein Frankrijkstraat 37 ·9600 Ronse, Belgium· 63 yrs active
Sector: Groothandel in parfumerieën en cosmetica
(46450)
Conclusion
The computed 12-month bankruptcy probability of SINELCO INTERNATIONAL is 0.3% (very low). The 2025 annual accounts show equity of €15.19M and a net result of €-261k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 187 sector peers (fiscal year 2025). The company has been active since 1963 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Key figures
| Equity | €15.19M |
| Net result | €-261k |
| Staff (FTE) | 34.4 |
| Better than sector | 75% |
Financial profile
58
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
54
Profitability
8
Solvency
99
Growth
29
Stability
100
Bankruptcy probability (12 mo)
0.3%
Very low
0%0,5%1,5%4%10%≥25%
Long track record
−Annual accounts: healthy financial profile
−Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1963, 63 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
54
/ 100
Fair
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-04-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.1%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.3% | 41.5% | |
| Net result | €-261k | €159k | |
| Equity | €15.19M | €1.10M | |
| Staff costs | €2.91M | €760k | |
| Employees (FTE) | 34.4 | 10.0 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€32.05M
+12.0%
18-25
€131k
-
18-25
€-261k
-
18-25
€138k
-95.4%
18-25
€24.79M
-3.7%
18-25
€15.19M
-27.5%
18-25
€13.79M
-28.4%
18-25
34
-12.9%
18-25
Show 13 other metrics
€2.91M
-31.4%
18-25
€10k
-
18-25
€9.59M
+100.1%
18-25
€9.59M
+100.1%
18-25
2.44
-51.4%
18-25
1.06
-51.6%
18-25
61.3%
-24.7%
18-25
0.63
+176.0%
18-25
-1.7%
-
18-25
-1.1%
-
18-25
-0.8%
-
18-25
0.4%
-
18-25
0.02
-
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | €32.05M |
| EBITDA | €131k |
| Net profit | €-261k |
| Cash flow | €138k |
| Staff costs | €2.91M |
| Income taxes | €10k |
| Dividends | - |
| Total assets | €24.79M |
| Equity | €15.19M |
| Debt | €9.59M |
| of which ≤ 1y | €9.59M |
| of which > 1y | - |
| Working capital | €13.79M |
| Employees (FTE) | 34.4 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 2.44 |
| Quick ratio | 1.06 |
| Working capital ratio | 55.6% |
| Solvency | 61.3% |
| Debt / equity | 0.63 |
| Long-term debt ratio | - |
| Interest coverage | 0.02 |
| Gross margin | 28.7% |
| Net margin | -0.8% |
| ROA | -1.1% |
| ROE | -1.7% |
| EBITDA margin | 0.4% |
| Days sales outstanding | 51d |
| Days payable outstanding | 56d |
| Inventory turnover | 1.73 |
| Days inventory (DSI) | 211d |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €24.79M |
| Fixed assets | 21/28 | €1.40M |
| Intangible fixed assets | 21 | €782k |
| Tangible fixed assets | 22/27 | €221k |
| Financial fixed assets | 28 | €397k |
| Current assets | 29/58 | €23.39M |
| Stocks & contracts in progress | 3 | €13.21M |
| Amounts receivable within one year | 40/41 | €9.11M |
| Cash & bank | 54/58 | €679k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €24.79M |
| Equity | 10/15 | €15.19M |
| Contributions / capital | 10/11 | €2.68M |
| Reserves | 13 | €2.24M |
| Accumulated profits (losses) | 14 | €10.28M |
| Amounts payable | 17/49 | €9.59M |
| Amounts payable within one year | 42/48 | €9.59M |
| Trade debts payable within one year | 44 | €3.52M |
| Income statement | ||
| Turnover | 70 | €32.05M |
| Operating result | 9901 | €-267k |
| Financial income | 75 | €5.98M |
| Financial charges | 65 | €5.96M |
| Result before taxes | 9903 | €-251k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €-261k |
| Result to be appropriated | 9905 | €-261k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
Historic, not recently confirmed (4)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Heidi Van OckenManagerState Gazette act 17173625 (11-12-2017)Not recently confirmedlast confirmed in an act from 2017
-
Eric KandjeeManagerState Gazette act 16171034 (14-12-2016)Not recently confirmedlast confirmed in an act from 2016
-
Olivier BadezetManagerState Gazette act 15070740 (18-05-2015)Not recently confirmedlast confirmed in an act from 2015
-
Mevrouw Ruth DEVENYNSDirectorState Gazette act 04009269 (19-01-2004)Not recently confirmedlast confirmed in an act from 2004
Permanent representatives (3)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
-
Virginie ThienpontVaste vertegenwoordiger commissarisState Gazette act 22004180 (10-01-2022)Permanent representative10-01-2022 → present
-
Joachim HoebeeckVaste vertegenwoordiger commissarisState Gazette act 25054430 (25-04-2025)Permanent representative04-09-2017 → present
3 events
- 25-04-2025 Appointed· Vaste vertegenwoordiger commissaris
- 28-01-2019 Appointed· Vaste vertegenwoordiger commissaris
- 04-09-2017 Appointed· Vaste vertegenwoordiger van de commissaris
-
Olivier DeclercqVaste vertegenwoordiger van de commissarisState Gazette act 17126620 (04-09-2017)Permanent representative- → 04-09-2017
Former directors (5)
-
Eric (Dinsha) KANDJEEDirectorState Gazette act 24023756 (07-02-2024)Former- → 07-02-2024
-
Mark FaulknerWettelijke vertegenwoordigerState Gazette act 16171034 (14-12-2016)Former14-12-2016 → 11-12-2017
2 events
- 11-12-2017 Resigned· Manager
- 14-12-2016 Appointed· Wettelijke vertegenwoordiger
-
Thomas Gerard DobrzykowskiWettelijke vertegenwoordigerState Gazette act 16171034 (14-12-2016)Former- → 14-12-2016
-
Kurt De LangeManagerState Gazette act 15070740 (18-05-2015)Former- → 18-05-2015
-
Ny LessiusRaad van bestuurState Gazette act 04009269 (19-01-2004)Former- → 19-01-2004
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG Bedrijfsrevisoren BVCurrent Statutory auditor |
- | 10-01-2022 → present |
Show 3 earlier auditors
| KPMG Bedrijfsrevisoren Statutory auditor succeeded by KPMG Bedrijfsrevisoren CVBA in 2019 |
- | 25-01-2016 → 28-01-2019 |
| KPMG Bedrijfsrevisoren CVBA Statutory auditor succeeded by KPMG Bedrijfsrevisoren BV in 2022 |
- | 28-01-2019 → 10-01-2022 |
| Luc Toelen Statutory auditor succeeded by KPMG Bedrijfsrevisoren in 2016 |
- | 02-06-2004 → 25-01-2016 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Legal Structure
| NACE primary | Groothandel in parfumerieën en cosmetica(46450) |
| Legal form | Private limited company(610) |
| Incorporation | 31-01-1963 |
| Status | Active |
| Postal code | 9600 |
Establishment units
sinelco international
since 20082.173.865.218
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C1103/00E000 | Flanders | 2.9 ha | 1 · 9,357 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
09-04-2026
NBB filing
Annual accounts filed
2025
25-04-2025
State Gazette act
Director changes
08-04-2025
NBB filing
Annual accounts filed
2024
09-10-2024
State Gazette act
Capital & shares
08-04-2024
NBB filing
Annual accounts filed
07-02-2024
State Gazette act
Director changes
10-01-2024
State Gazette act
Statutes amendment
2022
19-12-2022
NBB filing
Annual accounts filed
10-01-2022
State Gazette act
Director changes
2021
21-12-2021
NBB filing
Annual accounts filed
2020
22-12-2020
NBB filing
Annual accounts filed
16-01-2020
NBB filing
Annual accounts filed
2019
28-01-2019
State Gazette act
Director changes
10-01-2019
NBB filing
Annual accounts filed
2017
22-12-2017
NBB filing
Annual accounts filed
11-12-2017
State Gazette act
Director changes
04-09-2017
State Gazette act
Director changes
2016
20-12-2016
NBB filing
Annual accounts filed
14-12-2016
State Gazette act
Director changes
25-01-2016
State Gazette act
Director changes
2015
23-06-2015
State Gazette act
Statutes amendment
18-05-2015
State Gazette act
Director changes
2004
02-06-2004
State Gazette act
Director changes
31-03-2004
State Gazette act
Minor change
19-01-2004
State Gazette act
Director changes
Belgian State Gazette reading coverage
We know of 23 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 1
09-10-2024
v3.2
All acts · 15
updated 1 year ago
2025
25-04-2025 2 directors appointed
- KPMG Bedrijfsrevisoren BV, Commissaris
- Joachim Hoebeeck, Vaste vertegenwoordiger commissaris
Summary:
v3.2
Technical details
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}2024
09-10-2024 Transaction in capital or shares
Summary:
v3.2
Technical details
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}07-02-2024 Eric (Dinsha) KANDJEE resigns as director
- Eric (Dinsha) KANDJEE, Bestuurder
Summary:
v3.2
Technical details
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}10-01-2024 Articles of association amended
Summary:
v3.2
Technical details
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}2022
10-01-2022 2 directors appointed
- KPMG Bedrijfsrevisoren BV, Commissaris
- Virginie Thienpont, Vaste vertegenwoordiger commissaris
Summary:
v3.2
Technical details
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}2019
28-01-2019 2 directors appointed
- KPMG Bedrijfsrevisoren CVBA, Commissaris
- Joachim Hoebeeck, Vaste vertegenwoordiger commissaris
Summary:
v3.2
Technical details
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}2017
11-12-2017 1 director appointed, 1 resigning
- Heidi Van Ocken, Zaakvoerder
- Mark Faulkner, Zaakvoerder
Summary:
v3.2
Technical details
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}04-09-2017 1 director appointed, 1 resigning
- Joachim Hoebeeck, Vaste vertegenwoordiger van de commissaris
- Olivier Declercq, Vaste vertegenwoordiger van de commissaris
Summary:
v3.2
Technical details
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}2016
14-12-2016 2 directors appointed, 1 resigning
- Eric Kandjee, Zaakvoerder
- Mark Faulkner, Wettelijke vertegenwoordiger
- Thomas Gerard Dobrzykowski, Wettelijke vertegenwoordiger
Summary:
v3.2
Technical details
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}25-01-2016 KPMG Bedrijfsrevisoren appointed as statutory auditor
- KPMG Bedrijfsrevisoren, Commissaris
Summary:
v3.2
Technical details
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}2015
23-06-2015 Articles of association amended
Summary:
v3.2
Technical details
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"changed": false
}
}18-05-2015 1 director appointed, 1 resigning
- Olivier Badezet, Zaakvoerder
- Kurt De Lange, Zaakvoerder
Summary:
v3.2
Technical details
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}2004
02-06-2004 Luc Toelen appointed as statutory auditor
- Luc Toelen, Commissaris
Summary:
v3.2
Technical details
{
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"kind": "director_in",
"role": "commissaris",
"person": {
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"name": "Luc Toelen",
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"subject_company": {
"kbo": "0400.208.340",
"name_full": "PROSIBEL INTERNATIONAL"
}
}31-03-2004 Publication in the Belgian Official Gazette, Minor change
Summary:
Officer designation
Technical details
{
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"agm_change": null,
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"legal_form": "NV"
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"accounts_deposit": null,
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"person_name": "Willy Denhaerynck",
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},
"co_filed_documents": [],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": {
"role": "bestuurder",
"organ": "raad_van_bestuur",
"person_name": "Luc WALRAVENS"
},
"special_procuration": null,
"is_volet_a_only_stub": true,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}19-01-2004 1 director appointed, 1 resigning
- Mevrouw Ruth DEVENYNS, Bestuurder
- Ny Lessius, Raad van bestuur
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "Raad van Bestuur",
"person": {
"rrn": null,
"name": "Ny Lessius",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Mevrouw Ruth DEVENYNS",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0400.208.340",
"name_full": "PROSIBEL INTERNATIONAL"
}
}Credit advice
Company registry (CBE)
Activities
Groothandel in parfumerieën en cosmetica46450
Primary activity highlighted.
Names & trade names
| Legal nameNL | SINELCO INTERNATIONAL |
Registered office
Klein Frankrijkstraat 37
9600 Ronse, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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