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SINEN

Active Private limited company (pre-2019)founded 2011active for 15 yearsOude Haachtsesteenweg 44, 1831 Machelen (Brab.)KBO/BCE: BE 0834.316.596
SINEN
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Overview

Lifetime

10 annual accounts with figures on one time axis, 13 filings since 2013
peak €75,199 (2025)
€75,199▲ 362%
lowest -€22,083 (2017)
€44,402▲ €46,650
peak €78,307 (2025)
€78,307▲ 131%
€45,257▼ 27.3%
Board1 name since 2011
1 directorAli Sunay
Documentsfilings and deeds
08-09-202639 days late
2025abbreviated format
Gross margin from €16,260 to €75,199Back to profit: €44,402Equity from €33,905 to €78,307Debts from €62,270 to €45,257Cash from €17,495 to €47,171

Key points

from the 2025 annual accounts

Turnover

≈ €400,000 estimated

The accounts state no turnover.

Liquidity

3.15 was 1.61 in 2024

Short-term debts fell from €36,898 to €31,557.

Filings

13 annual accounts since 2013
AprilJune31 JulyOctober201520202025

Ten of the last ten came late. The 2021 accounts came latest: 317 days after the end of the period.

Checked score

91
Excellent
Financially stronger than 85% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.1% 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.0%▼ -0.1 percentage points vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 0.9%▼ -0.1 percentage points vs 05-2025 07-2025: 0.9%● unchanged vs 06-2025 08-2025: 1.4%▲ +0.5 percentage points vs 07-2025 09-2025: 1.6%▲ +0.2 percentage points vs 08-2025 10-2025: 2.1%▲ +0.5 percentage points vs 09-2025highest value 11-2025: 1.0%▼ -1.1 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 0.9%▼ -0.1 percentage points vs 04-2026 06-2026: 0.8%▼ -0.1 percentage points vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.4 percentage points vs 07-2026 09-2026: 1.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.3%▼ -1.0 percentage point vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value

Financial strength
Strong

88+28equity 63.4% of total assets
88+33short-term debt 25.5% · cash 38.2%
100+39return on assets 35.9%

Score breakdown

raises risk
Last filed accounts filed 39 days late; 3 of the last 3 accounts late
Size: total assets €123,565
lowers risk
Liquidity: current ratio 3.15, cash €47,171
Founded in 2011
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 43, micro). It does better than 69% of them on solvency, 85% on liquidity, 92% on profitability and 93% 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as SINEN has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of SINEN itself: 0.3% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 34,693 companies, not a prediction for SINEN. 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

Credit of up to €7,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.15 (1.61 in 2024), above the usual 1.5. Short-term debt is 25.5% and cash 38.2% of total assets. 36.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 39 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 3.15, cash €47,171
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €123,565
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 39 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
39 days late
2024
89 days late
2023
65 days late
2022
61 days late
2021
317 days late
2020
86 days late
2019
112 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 110 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AS
Ali Sunay
Director, since 07-03-2011
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0834316596
Incorporation published on 09-03-2011 · Gazette deed
First establishment Goede Herderstraat 57, Evere
All 21 events

Comparable companies

same main activity, similar in size and age
Company
SINEN Machelen (Brab.) €123,565 €75,199 63.4% -
RUDI WILLEMS Diepenbeek €119,600 €76,386 76.1% -
SCI Jette €129,812 €76,715 59.9% -
ABRIBOIS Verviers €121,241 €64,534 42.7% -
JANS ALU Beringen €123,558 €61,733 57.2% -
MARIVOET Danny Dendermonde €122,846 €77,679 16.0% -
FA_CHALMET Kaprijke €147,556 €68,674 93.4% -

These companies have the same main activity as SINEN: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €120,000 and €148,000, founded between 2008 and 2012.

Official details

Source: KBO
Status
Active since 07-03-2011Normal situation
Activity
Other specialised construction activitiesNACE 43990
Establishment unit
2.210.321.6771140 Evere, since 07-03-2011
Financial year end
31 December
Peppol
Reachable since 15-10-2025
Company details

Annual accounts 2025

€75,199▲ 362%
€44,402
€78,307▲ 131%
€123,565▲ 28.5%
Filing
Filed on 08-09-2026
Financials

Insights on SINEN

SINEN files the abbreviated format. That format states no turnover. The gross margin rose from €30,060 in 2016 to €75,199 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 08-09-2026, 39 days late
€75,199
▲ 362%
€61,972
▲ 77×
€44,402
▲ €46,650
€67,803
▲ 202%
63.4%
▲ 28.1 percentage points
3.15
▲ 1.54

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €400,000. Estimated: probably between €270,000 and €750,000.

Balance sheet

balance sheet total €123,565 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

63.4%

Higher than 72% of 9,967 companies in 2025.

3.15

Higher than 76% of 9,830 companies in 2025.

35.9%

Higher than 95% of 9,899 companies in 2025.

SINEN Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 123,56596,176130,471102,87387,20736,25460,00484,89042,02359,758
21/28 24,20536,82549,44618,14223,0363,96015,35555,93022,2859,669
22/27 24,20536,82549,44618,14223,0363,96015,35526,75022,2859,669
24 24,20536,82549,44618,14223,0363,96015,35526,75022,2859,669
28 -------29,180--
29/58 99,36059,35081,02584,73164,17132,29544,64928,96019,73850,090
40/41 50,79041,85542,24631,64538,2829,68719,26519,2886,21914,875
40 38,60941,58939,85426,96633,2074,1056,5458,9191,66212,027
41 12,1802662,3924,6795,0745,58212,72010,3694,5572,848
54/58 47,17117,49538,26853,08625,88922,60725,3849,67213,51835,214
490/1 1,400-512-------
Balance sheet: equity and liabilities
10/49 123,56596,176130,471102,87387,20736,25460,00484,89042,02359,758
10/15 78,30733,90536,15338,56715,24011,37822,03124,0005,09920,982
10/11 12,40012,40012,40012,40012,40012,40012,40012,40012,4006,200
10 12,40012,40012,40012,40012,400-----
100 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 6,2006,2006,2006,2006,2006,2006,2006,2006,20012,400
13 25,18725,18725,18725,1871,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860----
130 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
133 23,32723,32723,32723,327------
14 40,720-3,682-1,434980980-2,8827,7719,740-9,16112,922
17/49 45,25762,27094,31864,30671,96724,87737,97360,89036,92438,776
17 13,70025,37238,03815,89722,1995,66714,03022,31612,8193,088
170/4 13,70025,37238,03815,89722,1995,66714,03022,31612,8193,088
42/48 31,55736,89856,28048,40948,96619,20923,94338,57424,10535,688
42 11,67212,66612,1986,30211,1218,3628,2868,2786,8955,097
44 3,27021,44316,37719,76922,1262,005-15,2635,968630
440/4 3,27021,44316,37719,76922,1262,005-15,2635,968630
45 16,6151,66715,32115,3802,3481,4141,553500-2,800
450/3 16,6151,66715,32115,3802,3481,4141,553500--
454/9 ---------2,800
47/48 -1,12312,3846,95813,3707,42814,10414,53511,24227,160
492/3 ----802-----
Income statement
76A --15,607----1,819--
9900 75,19916,26011,56847,53617,92827,48717,71733,074-12,19430,060
630 12,62112,6217,3294,8945,39511,39511,39511,3957,1833,223
640/8 6072,8332,3631,8198945657978691,802128
66A --2,1054,0004,22019,4084,000---
9901 61,972806-22836,8237,420-3,8811,52520,810-21,17926,709
75/76B 344005900223810201,060
75 344005900223810201,060
65/66B 1,9802,4571,4411,0541,5702399441,512904541
65 1,9802,4571,4411,0541,5702399441,512904541
9903 60,336-1,650-1,66936,3595,850-4,11981919,400-22,08327,228
67/77 15,93459774513,0321,9886,5352,787500-2,043
9904 44,402-2,248-2,41423,3273,862-10,654-1,96818,901-22,08325,185
9905 44,402-2,248-2,41423,3273,862-10,654-1,96818,901-22,08325,185
Appropriation of the result
9906 40,720-3,682-1,43424,307980-2,8827,7719,740-9,16114,782
14P -3,682-1,434980980-2,882-----
691/2 ---23,327-----1,860
6920 ---------1,860
6921 ---23,327------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 3 older financial years (2013-2015) were filed as documents without figures as data, scans for example.

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 08-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 39 days after the deadline. Filed on 8 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507447.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 08-09-2026 2026-00507447 PDF
31-12-2024 micro format 28-10-2025 2025-00553401 PDF
31-12-2023 micro format 04-10-2024 2024-00493048 PDF
31-12-2022 micro format 30-09-2023 2023-00463027 PDF
31-12-2021 micro format 13-06-2023 2023-00121084 PDF
31-12-2020 micro format 25-10-2021 2021-73700559 PDF
31-12-2019 micro format 20-11-2020 2020-71500230 PDF
31-12-2018 micro format 23-10-2019 2019-71100501 PDF
31-12-2017 micro format 26-09-2018 2018-65200497 PDF
31-12-2016 full format 21-08-2017 2017-45900391 PDF
31-12-2015 full format 02-12-2016 2016-69400339 PDF
31-12-2014 abbreviated format 14-08-2015 2015-41500025 PDF
31-12-2013 full format 29-08-2014 2014-50500069 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
74,59213,4277,10041,71712,8147,51412,92032,205-13,99629,932
57,02310,3734,91428,2229,2577429,42730,296-14,90128,408
0038,632024,4710-29,18051,48619,799-
29,676-20,772-14,81827,1973,282-2,77715,712-3,846-21,696-
67,80322,45224,74536,32215,20513,08520,706-9,614-4,36714,402
63.4%35.3%27.7%37.5%17.5%31.4%36.7%28.3%12.1%35.1%
3.151.611.441.751.311.681.860.750.821.40
0.581.842.611.674.722.191.722.547.241.85
56.7%-6.6%-6.7%60.5%25.3%-93.6%-8.9%78.8%-433.1%120.0%
35.9%-2.3%-1.9%22.7%4.4%-29.4%-3.3%22.3%-52.6%42.1%
37.685.474.9339.568.16-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€38,632-€24,471
€12,621€12,621€7,329€4,894€5,395

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SINEN

The operating result for 2025 is 77 times that of 2024 and the highest since 2016. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 64.7% to 36.6%. Equity is higher and debt is lower.

Board & ownership

Board

1 director
Ali Sunay
Director
since 07-03-2011
listed in the 2025 annual accounts, filed on 08-09-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Ali Sunay
Director
Board
Mandates as a list
  • Ali Sunay
    • Director, from 07-03-2011 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€12,400
Source
2025 annual accounts

Network & group

No group

SINEN has no parent and no holdings in its annual accounts. Ali Sunay is the only director. SINEN shares no director with another company.

Timeline

Timeline

21 events since 2011

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 39 days late
2025
Back to profit net €44,402 The net result is €44,402, after 2 loss-making years.
Annual accounts 2024 filed PDFmicro format · 89 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0834316596
2024
Annual accounts 2023 filed PDFmicro format · 65 days late
2023
Annual accounts 2022 filed PDFmicro format · 61 days late
Annual accounts 2021 filed PDFmicro format · 317 days late
2021
Back to profit net €3,862 The net result is €3,862, after 2 loss-making years.
Annual accounts 2020 filed PDFmicro format · 86 days late
2020
Annual accounts 2019 filed PDFmicro format · 112 days late
2019
Liquidity more than doubled current ratio 1.86 The current ratio rises from 0.75 to 1.86. Short-term debt falls from €38,574 to €23,943.
Annual accounts 2018 filed PDFmicro format · 84 days late
2018
Back to profit net €18,901 The net result is €18,901, after one loss-making year.
Annual accounts 2017 filed PDFmicro format · 57 days late
2017
Weakest financial year net -€22,083 The net result drops to -€22,083, the lowest from 2016 to 2025. It recovers the following year.
Annual accounts 2016 filed PDFfull format · 21 days late
2016
Annual accounts 2015 filed PDFfull format · 124 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 14 days late
2014
Annual accounts 2013 filed PDFfull format · 29 days late
2011
Incorporation PDFpublished on 09-03-2011
First establishment Goede Herderstraat 57, Evere

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

SINEN was incorporated on 7 March 2011.1 Total assets rose from €84,890 in 2018 to €123,565 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0834.316.596
VAT number
BE 0834.316.596
Peppol ID
0208:0834316596
Other Peppol ID
9925:BE0834316596
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
07-03-2011
Financial year
ends on 31 December
Peppol
Reachable since 15-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SINEN in French
Entity type
Legal entity

Activities

NACEBEL 2025
43990 Other specialised construction activities main activity
Codes under NACEBEL 2008
43999 Specialised construction activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Oude Haachtsesteenweg 44 registered office 1831 Machelen (Brab.)
Goede Herderstraat 57 1140 Evere 07-03-2011 2.210.321.677

Buildings and parcels at the addresses

Ground area
1.4 ha
Buildings
883 m²
Volume, LiDAR
5,069 m³
Tallest building
35.3 m
Buildings to scale, each on its own parcel
799 m², 35.3 m 84 m², 11.2 m 799 m², 35.3 m 84 m², 11.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcelRegionArea Buildings Height / floors
21006A0098/00Y003Brussels1.4 ha 1 · 799 m² 35.3 m · 2
23015C0117/00S000Flanders112 m² 1 · 84 m² 11.2 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0834.316.596

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