SINENSIS
ActiveSummary
SINENSIS has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €122,490 and a net result of €12,087. Equity is growing by about 13% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2026, full format
Turnover
€0
EBIT margin
Not included in this filing
Net result
€12,087▲ 37.2%
2025 · €8,807
Working capital
-€49,084▲ 2.1%
2025 · -€50,162
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result recovers in 2026; 2026 is 21% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€17,678
2026
Net result€12,087
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€276,995
2026
Equity€122,490
2026
Debt€154,505
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€49,084
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€0
Operating result€14,125--€18,878€4,217€18,789▲ 346%€19,776▲ 5.3%€20,399▲ 3.2%€14,620▼ 28.3%€17,678▲ 20.9%
Net result€8,771--€18,917€1,314€14,922▲ 11×€13,398▼ 10.2%€13,372▼ 0.2%€8,807▼ 34.1%€12,087▲ 37.2%
Equity€77,509-€58,591▼ 24.4%€59,905▲ 2.2%€74,827▲ 24.9%€88,224▲ 17.9%€101,597▲ 15.2%€110,403▲ 8.7%€122,490▲ 10.9%
Total assets€86,253-€261,115▲ 203%€259,217▼ 0.7%€259,600▲ 0.1%€255,331▼ 1.6%€256,084▲ 0.3%€251,974▼ 1.6%€276,995▲ 9.9%
Debt€8,744-€202,524▲ 23×€199,312▼ 1.6%€184,773▼ 7.3%€167,107▼ 9.6%€154,487▼ 7.6%€141,571▼ 8.4%€154,505▲ 9.1%
Working capital€13,310--€200,307-€13,231▲ 93.4%-€8,247▲ 37.7%-€51,413▼ 523%-€48,474▲ 5.7%-€50,162▼ 3.5%-€49,084▲ 2.1%
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €276,995
Fixed assets
€226,822 ▼ 2.3%
Current assets
€50,173 ▲ 153%
Equity and liabilities €276,995
Equity
€122,490 ▲ 10.9%
Debt
€154,505 ▲ 9.1%
Debt's share of the balance-sheet total falls from 56.2% to 55.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,033▲
2025 · €19,975
Cash flow
€17,442▲
2025 · €14,162
Current ratio
0.51▲
2025 · 0.28
Debt to equity
1.26▼
2025 · 1.28
ROE
9.9%▲
2025 · 8.0%
ROA
4.4%▲
2025 · 3.5%
Interest coverage
14.98▲
2025 · 9.81
Debt ≤ 1 year
€99,257▲
2025 · €69,959
Debt > 1 year
€55,248▼
2025 · €71,612
Income taxes
€4,053▲
2025 · €3,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €922 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,301 | €13,185 | €9,494 | €5,355 | €5,355 | €5,355 | €5,355 | €5,355 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €384 | - | - | - |
| Other operating charges640/8 | - | - | - | €347 | €347 | - | €387 | €400 | ▲ 3.4% |
| Gross operating margin9900 | €21,719 | -€3,361 | €15,192 | €24,491 | €25,478 | €26,138 | €20,362 | €23,433 | ▲ 15.1% |
| Operating profit (loss)9901 | €14,125 | -€18,878 | €4,217 | €18,789 | €19,776 | €20,399 | €14,620 | €17,678 | ▲ 20.9% |
| Financial charges65/66B | - | - | - | €2,867 | €2,378 | €2,884 | €2,036 | €1,538 | ▼ 24.5% |
| Recurring financial charges65 | €55 | €39 | €2,903 | €2,867 | €2,378 | €2,884 | €2,036 | €1,538 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €14,070 | -€18,917 | €1,314 | €15,922 | €17,398 | €17,515 | €12,584 | €16,140 | ▲ 28.3% |
| Income taxes67/77 | €5,298 | - | - | €1,000 | €4,000 | €4,143 | €3,777 | €4,053 | ▲ 7.3% |
| Profit (loss) for the period9904 | €8,771 | -€18,917 | €1,314 | €14,922 | €13,398 | €13,372 | €8,807 | €12,087 | ▲ 37.2% |
| Profit (loss) for the period to be appropriated9905 | €8,771 | -€18,917 | €1,314 | €14,922 | €13,398 | €13,372 | €8,807 | €12,087 | ▲ 37.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €86,253 | €261,115 | €259,217 | €259,600 | €255,331 | €256,084 | €251,974 | €276,995 | ▲ 9.9% |
| Formation expenses20 | - | - | - | €0 | - | - | - | - | - |
| Fixed assets21/28 | €64,199 | €258,898 | €253,597 | €248,242 | €242,887 | €237,532 | €232,177 | €226,822 | ▼ 2.3% |
| Tangible fixed assets22/27 | €64,199 | €58,898 | €53,597 | €48,242 | €42,887 | €37,532 | €32,177 | €26,822 | ▼ 16.6% |
| Land and buildings22 | - | - | - | €48,242 | €42,887 | €37,532 | €32,177 | €26,822 | ▼ 16.6% |
| Financial fixed assets28 | - | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Current assets29/58 | €22,054 | €2,217 | €5,620 | €11,358 | €12,444 | €18,552 | €19,797 | €50,173 | ▲ 153% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €2,893 | - |
| Trade receivables290 | - | - | - | - | - | - | - | €2,893 | - |
| Amounts receivable within one year40/41 | €618 | - | - | - | €4,400 | €14,630 | €12,743 | - | - |
| Trade receivables40 | - | - | - | - | €4,400 | €14,630 | €12,743 | - | - |
| Cash at bank and in hand54/58 | €21,436 | €2,217 | €5,620 | €11,358 | €8,044 | €3,922 | €7,054 | €47,280 | ▲ 570% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €86,253 | €261,115 | €259,217 | €259,600 | €255,331 | €256,084 | €251,974 | €276,995 | ▲ 9.9% |
| Equity10/15 | €77,509 | €58,591 | €59,905 | €74,827 | €88,224 | €101,597 | €110,403 | €122,490 | ▲ 10.9% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Capital10 | - | - | - | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Issued capital100 | - | - | - | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €22,510 | €22,509 | €22,509 | €22,509 | €22,509 | €22,510 | €22,509 | €22,509 | = |
| Non-distributable reserves130/1 | - | - | - | €3,718 | €3,718 | €3,719 | €3,718 | €3,718 | = |
| Legal reserve130 | - | - | - | €3,718 | €3,718 | €3,719 | €3,718 | €3,718 | = |
| Distributable reserves133 | - | - | - | €18,791 | €18,791 | €18,791 | €18,791 | €18,791 | = |
| Profit (loss) carried forward14 | €17,815 | -€1,102 | €212 | €15,134 | €28,531 | €41,903 | €50,710 | €62,797 | ▲ 23.8% |
| Amounts payable17/49 | €8,744 | €202,524 | €199,312 | €184,773 | €167,107 | €154,487 | €141,571 | €154,505 | ▲ 9.1% |
| Amounts payable after more than one year17 | - | - | €180,461 | €165,168 | €103,250 | €87,461 | €71,612 | €55,248 | ▼ 22.9% |
| Financial debts170/4 | - | - | - | €118,759 | €103,250 | €87,461 | €71,612 | €55,248 | ▼ 22.9% |
| Other amounts payable178/9 | - | - | - | €46,409 | - | - | - | - | - |
| Amounts payable within one year42/48 | €8,744 | €202,524 | €18,851 | €19,605 | €63,857 | €67,026 | €69,959 | €99,257 | ▲ 41.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,234 | €15,509 | €15,789 | €16,074 | €16,364 | ▲ 1.8% |
| Trade debts44 | €3,395 | €2,524 | €2,707 | €3,371 | €1,731 | €601 | €3,496 | €4,922 | ▲ 40.8% |
| Suppliers440/4 | - | - | - | €3,371 | €1,731 | €601 | €3,496 | €4,922 | ▲ 40.8% |
| Taxes, remuneration and social security45 | - | - | - | €1,000 | €5,000 | €4,500 | €3,500 | €200 | ▼ 94.3% |
| Taxes450/3 | - | - | - | €1,000 | €5,000 | €4,500 | €3,500 | €200 | ▼ 94.3% |
| Other amounts payable47/48 | - | - | - | - | €41,617 | €46,136 | €46,889 | €77,771 | ▲ 65.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,771 | -€18,917 | €1,314 | €14,922 | €13,398 | €13,372 | €8,807 | €12,087 | ▲ 37.2% |
| + Depreciation and write-downs630 | €5,301 | €13,185 | €9,494 | €5,355 | €5,355 | €5,355 | €5,355 | €5,355 | = |
| Operating cash flow (approximation) | €14,073 | -€5,732 | €10,808 | €20,277 | €18,753 | €18,727 | €14,162 | €17,442 | ▲ 23.2% |
| Investment in fixed assets (approximation) | - | -€207,884 | -€4,193 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€19,219 | €3,403 | €5,738 | -€3,314 | -€4,122 | €3,132 | €40,226 | ▲ 13× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | full format | 11-10-2026 | 2026-00553428 |
| 31-03-2025 | full format | 15-11-2025 | 2025-00566671 |
| 31-03-2024 | full format | 12-10-2024 | 2024-00505376 |
| 31-03-2023 | full format | 03-10-2023 | 2023-00470096 |
| 31-03-2022 | full format | 18-10-2022 | 2022-20464560 |
| 31-03-2021 | full format | 24-08-2021 | 2021-53100053 |
| 31-03-2020 | full format | 13-10-2020 | 2020-61200296 |
| 31-03-2019 | micro format | 13-11-2019 | 2019-73700105 |
| 31-03-2018 | micro format | 27-09-2018 | 2018-65300269 |
| 31-03-2017 | micro format | 17-08-2017 | 2017-44600431 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.