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Generated 22-07-2026
Active BE 0737.801.103Private limited company

SINENCO

Visserijstraat 56 ·8560 Wevelgem, Belgium· 6 yrs active
Sector: Real estate activities (68121)
Conclusion Checked

The computed 12-month bankruptcy probability of SINENCO is 0.9% (low). The 2024 annual accounts show equity of €8k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 4922 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €8k
Net result €-10k
Better than sector 37%
Active 6 yrs
Snowflake analysis 5 axes · computed by Checked
Health40Profitability0Solvency28Growth32Stability100
40 / 100

Fragile profile, watch profitability in particular.

Health 40
Profitability 0
Solvency 28
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.9% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
40 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · micro
€-40k€-20k€0€20k€40kOperating result 2020: €22k€22kNet result 2020: €16k€16kOperating result 2021: €37k€37kNet result 2021: €27k€27kOperating result 2022: €-910€-910Net result 2022: €-2k€-2kOperating result 2023: €-26k€-26kNet result 2023: €-28k€-28kOperating result 2024: €-8k€-8kNet result 2024: €-10k€-10k20202021202220232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 5.5% 16.7%
better than 37% of 4922 sector peers
Net result €-10k €2k
better than 26% of 4914 sector peers
Equity €8k €27k
better than 36% of 4925 sector peers
Gross operating margin €2k €27k
better than 26% of 4908 sector peers
Staff costs €0 €20k
higher than 5% of 728 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€616
- -95% vs sector
Net profit
€-10k
+62.0% far below sector median
Cash flow
€-1k
+92.5% far below sector median
Total assets
€144k
-16.3% -14% vs sector
Equity
€8k
-57.2% -92% vs sector
Working capital
€47k
-26.4% +19% vs sector
Staff costs
€0
- -100% vs sector
Income taxes
€153
+9.1% -84% vs sector
Debt
€136k
-11.5% +108% vs sector
Debt ≤ 1y
€78k
-2.8% +20% vs sector
Debt > 1y
€57k
-21.4% -54% vs sector
Current ratio
1.60
-10.7% +7% vs sector
Quick ratio
1.41
+115.1% -3% vs sector
Solvency
5.5%
-48.9% -84% vs sector
Debt / equity
17.33
+107.0% far above sector median
ROE
-133.8%
+11.2% far below sector median
ROA
-7.3%
+54.6% -233% vs sector
Interest coverage
0.34
- -99% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€616
Net profit€-10k
Cash flow€-1k
Staff costs€0
Income taxes€153
Dividends-
Total assets€144k
Equity€8k
Debt€136k
of which ≤ 1y€78k
of which > 1y€57k
Working capital€47k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.60
Quick ratio1.41
Working capital ratio32.5%
Solvency5.5%
Debt / equity17.33
Long-term debt ratio7.31
Interest coverage0.34
Gross margin-
Net margin-
ROA-7.3%
ROE-133.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€144k
Fixed assets 21/28€19k
Tangible fixed assets 22/27€19k
Current assets 29/58€125k
Stocks & contracts in progress 3€14k
Amounts receivable within one year 40/41€73k
Cash & bank 54/58€38k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€144k
Equity 10/15€8k
Contributions / capital 10/11€5k
Reserves 13€42k
Accumulated profits (losses) 14€-39k
Amounts payable 17/49€136k
Amounts payable after one year 17€57k
Amounts payable within one year 42/48€78k
Trade debts payable within one year 44€26k
Income statement
Gross operating margin 9900€2k
Operating result 9901€-8k
Financial income 75€0
Financial charges 65€2k
Result before taxes 9903€-10k
Income taxes 67/77€153
Net result for the period 9904€-10k
Result to be appropriated 9905€-10k
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Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68121)
Legal form Private limited company(610)
Incorporation18-11-2019
StatusActive
Postal code8560
Establishment units 1 location
SINENCO
Visserijstraat 56, 8560 WevelgemOntwikkeling van residentiële bouwprojecten
since 20192.295.733.939
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.
34041C0187/00G003 Flanders 1,172 m² 1 · 277 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 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
28-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
29-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
24-01-2023
State Gazette act Registered-office change
2022
23-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
Belgisch Staatsblad, acts 1 acts
Address history · 1
24-01-2023
Registered-office move
All acts · 1 updated 3 years ago
2023
24-01-2023 Registered office moved within Wevelgem Registered-office change
  • Groeningestraat 12-8560 Wevelgem → Visserijstraat 56 te 8560 Wevelgem
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Visserijstraat 56 te 8560 Wevelgem",
        "city": "Wevelgem",
        "region": "vlaams_gewest",
        "street": "Visserijstraat",
        "country": "BE",
        "postcode": "8560",
        "box_number": null,
        "street_number": "56",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Groeningestraat 12-8560 Wevelgem",
        "city": "Wevelgem",
        "region": "vlaams_gewest",
        "street": "Groeningestraat",
        "country": "BE",
        "postcode": "8560",
        "box_number": null,
        "street_number": "12",
        "locality_suffix": null
      },
      "effective_date": "2023-01-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Wevelgem",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2023-01-13",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bestuursorgaan",
    "date": "2023-01-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0737.801.103",
    "name_full": "Sinenco",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Jesn Sinnesael",
    "org_rep_person_name": null,
    "person_role_at_subject": "bestuurder"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad - 24/01/202. 023 - Annexes du Moniteur belge"
  ]
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121
Primary activity highlighted.
Names & trade names
Legal nameNL SINENCO
Registered office
Visserijstraat 56
8560 Wevelgem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative