Equity
€626,408 from €1.9m in 2012
Equity fell by 67% in 13 years.
Sinep
Lifetime
20 annual accounts with figures on one time axis, 46 filings since 1980peak €589,112 (2013)
€22,611▼ 4.2%
lowest -€10,361 (2014)
€6,656▼ 2.3%
peak €1.9m (2012)
€626,408▲ 0.1%
€7,780▼ 26.7%
Board2 names since 2016
1 directorFAS DEVELOPMENT
Owners5 names in the annual accounts
100%FAS DEVELOPMENT
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Dividend €6,322Debts from €10,611 to €7,780Cash from €26,368 to €5,256
Key points
from the 2025 annual accountsFilings
46 annual accounts since 1980
Three of the last ten came late. The 2023 accounts came latest: 55 days after the end of the period.
Position in the sector
98.8%
Higher solvency than 95% of companies in architecture and engineering. Sector median 41.3% · 892 companies.
Checked score
91
Excellent
Financially stronger than 48% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 4.11, cash €5,256, halved
1 of the last 3 accounts late
lowers risk
Size: total assets €634,187
Equity €626,408 (98.8% of total assets)
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 71, micro). It does better than 87% of them on solvency, 35% on liquidity, 32% on profitability and 40% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 14,766 companies had the same profile as Sinep has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Sinep itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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 14,766 companies, not a prediction for Sinep. 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 €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.11 (2.78 in 2024), above the usual 1.5. Short-term debt is 1.2% and cash 0.8% of total assets. 1.2% 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 riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
24 days early
2023
55 days late
2022
84 days early
2021
40 days early
2020
22 days early
2019
25 days early
← 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 21 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 7 July (4 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FAS DEVELOPMENT 100%score 69equity €77,862 (2025) · 2025 annual accounts of FAS DEVELOPMENT
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0400055813
Demerger: SINEP splits off to BLACKREIT
Transfer of 141 shares from BLACKREIT to FAS Development · FAS Development holds 292 shares (100%) · Gazette deed
1 director resigning
Change of role: FAS Development SRL, from director to sole director · Resignation: GIMAC SRL · Permanent representatives: Sébastien Raedemaecker and Frank Beuselinck · General meeting of 07-09-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Sinep Uccle | €634,187 | €22,611 | 98.8% | - |
| Studiebureel Lesaffre Sint-Martens-Latem | €862,785 | €20,260 | 11.0% | - |
| MACEROTRI IMMO Bouillon | €524,846 | €28,841 | 48.8% | - |
| METIL Uccle | €461,543 | €32,999 | 90.7% | - |
| ADVANCED CONCEPT SOLUTIONS Fernelmont | €405,150 | €20,141 | 30.4% | - |
| DE MEIKLOKJES Puurs-Sint-Amands | €516,651 | €14,995 | 79.7% | - |
| DUBIN B.T. Hasselt | €608,638 | €32,833 | 55.5% | - |
These companies have the same main activity as Sinep: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €405,000 and €863,000, founded between 1968 and 1982.
Official details
Source: KBO- Status
- Active since 16-01-1964Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment unit
- 2.017.779.9441040 Etterbeek, since 16-06-1980
- Financial year end
- 31 December
- Peppol
- Reachable since 22-03-2026
Annual accounts 2025
- ≈ €110,000estimated
- €634,187▼ 0.4%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on Sinep
Sinep has existed since 1964. In 2013 the gross margin rose from €46,093 to €589,112.
The gross margin has fallen every year since 2022.
FAS DEVELOPMENT holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Sinep
- What is the company number of Sinep?
- The company number of Sinep is 0400.055.813. The VAT number is the same number with BE in front: BE 0400.055.813.
- Where is Sinep based?
- The registered office is at Jean en Pierre Carsoellaan 50, 1180 Uccle.Company details
- What does Sinep do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Sinep?
- Sinep is a public limited company (NV).
- When was Sinep founded?
- Sinep was founded on 16-01-1964.
- Is Sinep still active?
- Yes, Sinep is an active enterprise in the KBO register.
- What is the turnover of Sinep?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €22,611 and 47 comparable companies (NACE 71121). It probably lies between €70,000 and €250,000. It is a rough estimate. In financial year 2022 turnover was €93,273.Financials
- Is Sinep profitable?
- In financial year 2025, Sinep made a profit of €6,656.
- Where can I find the annual accounts of Sinep?
- Sinep filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Sinep due?
- Sinep must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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