SINIFISC
ActiveSummary
SINIFISC has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,588 and a net result of €107,588. Equity has been growing by about 40% per year since 2022. Its solvency ranks better than 55% of 1,056 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-12-2022 Normal situation
- Activity
- Certified accountants and tax accountants NACE 69201
- Establishment unit
- 2.339.078.388 6224 Fleurus, since 15-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €92,953
- ▲ 57.8%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €107,588
- ▲ 239%
- Equity
- €52,588
- ▼ 25.4%
- Total assets
- €139,239
- ▲ 14.6%
Score breakdownlowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 1.15, cash €44,889Figures for financial year 2025 (filed on 21-04-2026)Size: total assets €139,239Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 45% of micro companies in legal and accounting (NACE 69)
Financial strength · tick: 2024
Strong
Solvency
63-20
equity 37.8% of total assets
Liquidity
59+13
short-term debt 60.3% · cash 32.2%
Profitability
100=
return on assets 77.3%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 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: 0.2%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.1%▼ -0.1 percentage points 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 12-2025
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%▼ -0.1 percentage points 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 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.6 in 2024), below the usual 1.5. Short-term debt is 60.3% and cash 32.2% of total assets. 62.2% of the assets are financed with debt and provisions.
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 69, micro). It does better than 36% of them on solvency, 45% on liquidity, 82% on profitability and 17% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers 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 21-04-2026, 101 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
101 days early
2024
101 days early
2023
34 days early
2022
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 70 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% 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 20 May (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 21-04-2026 PDF all 4 filings
Turnover
€96,204▲ 26.4%
2022 · €76,090
EBIT margin
41.0%▼ 9.1pp
2022 · 50.1%
Net result
€107,588▲ 239%
2024 · €31,727
Working capital
€12,582▼ 53.0%
2024 · €26,770
Multi-year overview
2022 to 2025, 4 financial yearsTurnover
no figure
2025
20222025
Operating result
€83,498
▲ 63.9%
2025
20222025
Net result
€107,588
▲ 239%
2025
middle half of the sector
20222025
EBIT margin
no figure
2025
20222025
Equity
€52,588
▼ 25.4%
2025
lowest quarter of the sector
20222025
Total assets
€139,239
▲ 14.6%
2025
lowest quarter of the sector
20222025
Debt
€86,651
▲ 69.9%
2025
20222025
Working capital
€12,582
▼ 53.0%
2025
middle half of the sector
20222025
Solvency
37.8%
▼ 20.3pp
2025
middle half of the sector
20222025
Current ratio
1.15
▼ 0.45
2025
middle half of the sector
20222025
Return on assets (ROA)
77.3%
▲ 51.1pp
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Turnover€76,090-€96,204▲ 26.4%
Operating result€38,111-€39,417▲ 3.4%€50,960▲ 29.3%€83,498▲ 63.9%
Net result€32,790within the sector's middle half-€23,764within the sector's middle half▼ 27.5%€31,727within the sector's middle half▲ 33.5%€107,588within the sector's middle half▲ 239%
EBIT margin50.1%-41.0%▼ 9.1pp
Equity€14,990below the sector's middle half-€38,754within the sector's middle half▲ 159%€70,481within the sector's middle half▲ 81.9%€52,588below the sector's middle half▼ 25.4%
Total assets€45,289below the sector's middle half-€72,663below the sector's middle half▲ 60.4%€121,470within the sector's middle half▲ 67.2%€139,239below the sector's middle half▲ 14.6%
Debt€30,299-€33,909▲ 11.9%€50,989▲ 50.4%€86,651▲ 69.9%
Working capital-€11,687below the sector's middle half-€5,071below the sector's middle half€26,770within the sector's middle half▲ 428%€12,582within the sector's middle half▼ 53.0%
Solvency33.1%within the sector's middle half-53.3%within the sector's middle half▲ 20.2pp58.0%within the sector's middle half▲ 4.7pp37.8%within the sector's middle half▼ 20.3pp
Current ratio0.61below the sector's middle half-1.19below the sector's middle half▲ 0.581.60within the sector's middle half▲ 0.411.15within the sector's middle half▼ 0.45
Return on assets (ROA)72.4%above the sector's middle half-32.7%above the sector's middle half▼ 39.7pp26.1%within the sector's middle half▼ 6.6pp77.3%above the sector's middle half▲ 51.1pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 64% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,239
Fixed assets
€42,700 ▼ 14.7%
Current assets
€96,539 ▲ 35.2%
Equity and liabilities €139,239
Equity
€52,588 ▼ 25.4%
Debt
€86,651 ▲ 69.9%
Debt's share of the balance-sheet total rises from 42.0% to 62.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€90,860▲
2024 · €58,011
Cash flow
€114,950▲
2024 · €38,778
Debt to equity
1.65▲
2024 · 0.72
ROE
204.6%▲
2024 · 45.0%
Interest coverage
20.25▲
2024 · 10.74
Debt ≤ 1 year
€83,957▲
2024 · €44,638
Debt > 1 year
€2,694▼
2024 · €6,351
Income taxes
€21,434▲
2024 · €13,854
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €8,146 | €23,176 | €5,621 | - |
| Intangible fixed assets | €20,000 | - | - | - |
| Financial fixed assets | €150 | - | €25,000 | - |
| Depreciation and write-downs of the year | €1,619 | €8,367 | €7,051 | €7,362 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €76,090 | €96,204 | - | - | - |
| Non-recurring operating income76A | €2,671 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €35,867 | €51,980 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,619 | €8,367 | €7,051 | €7,362 | ▲ 4.4% |
| Other operating charges640/8 | €3,163 | €979 | €899 | €2,093 | ▲ 133% |
| Gross operating margin9900 | €42,893 | €48,763 | €58,910 | €92,953 | ▲ 57.8% |
| Operating profit (loss)9901 | €38,111 | €39,417 | €50,960 | €83,498 | ▲ 63.9% |
| Financial income75/76B | - | €1 | €20 | €50,011 | ▲ 2,501× |
| Recurring financial income75 | - | €1 | €20 | €50,011 | ▲ 2,501× |
| Financial charges65/66B | €1,366 | €5,154 | €5,399 | €4,487 | ▼ 16.9% |
| Recurring financial charges65 | €1,366 | €5,154 | €5,399 | €4,487 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €36,745 | €34,264 | €45,581 | €129,022 | ▲ 183% |
| Income taxes67/77 | €3,955 | €10,500 | €13,854 | €21,434 | ▲ 54.7% |
| Profit (loss) for the period9904 | €32,790 | €23,764 | €31,727 | €107,588 | ▲ 239% |
| Profit (loss) for the period to be appropriated9905 | €32,790 | €23,764 | €31,727 | €107,588 | ▲ 239% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45,289 | €72,663 | €121,470 | €139,239 | ▲ 14.6% |
| Fixed assets21/28 | €26,677 | €41,486 | €50,062 | €42,700 | ▼ 14.7% |
| Intangible fixed assets21 | €18,992 | €14,994 | €0 | - | - |
| Tangible fixed assets22/27 | €7,535 | €26,342 | €24,912 | €17,550 | ▼ 29.6% |
| Furniture and vehicles24 | €75 | - | - | - | - |
| Other tangible fixed assets26 | €7,460 | €26,342 | €24,912 | €17,550 | ▼ 29.6% |
| Financial fixed assets28 | €150 | €150 | €25,150 | €25,150 | = |
| Current assets29/58 | €18,612 | €31,177 | €71,408 | €96,539 | ▲ 35.2% |
| Amounts receivable within one year40/41 | €13,337 | €22,460 | €58,936 | €51,566 | ▼ 12.5% |
| Trade receivables40 | - | €9,234 | €10,318 | - | - |
| Other amounts receivable41 | €13,337 | €13,226 | €48,618 | €51,566 | ▲ 6.1% |
| Cash at bank and in hand54/58 | €4,680 | €8,610 | €12,394 | €44,889 | ▲ 262% |
| Deferred charges and accrued income490/1 | €594 | €107 | €78 | €84 | ▲ 7.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45,289 | €72,663 | €121,470 | €139,239 | ▲ 14.6% |
| Equity10/15 | €14,990 | €38,754 | €70,481 | €52,588 | ▼ 25.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €12,990 | €36,754 | €68,481 | €50,588 | ▼ 26.1% |
| Amounts payable17/49 | €30,299 | €33,909 | €50,989 | €86,651 | ▲ 69.9% |
| Amounts payable after more than one year17 | - | €7,803 | €6,351 | €2,694 | ▼ 57.6% |
| Financial debts170/4 | - | €7,803 | €6,351 | €2,694 | ▼ 57.6% |
| Amounts payable within one year42/48 | €30,299 | €26,106 | €44,638 | €83,957 | ▲ 88.1% |
| Current portion of amounts payable after more than one year42 | - | €6,912 | €7,682 | €46,656 | ▲ 507% |
| Trade debts44 | €3,379 | €907 | €760 | €323 | ▼ 57.5% |
| Suppliers440/4 | €3,379 | €907 | €760 | €323 | ▼ 57.5% |
| Advances received on contracts in progress46 | - | - | - | €5,000 | - |
| Taxes, remuneration and social security45 | €7,120 | €16,637 | €36,196 | €21,058 | ▼ 41.8% |
| Taxes450/3 | €7,120 | €16,637 | €35,976 | €21,058 | ▼ 41.5% |
| Remuneration and social security454/9 | - | - | €220 | - | - |
| Other amounts payable47/48 | €19,800 | €1,650 | - | €10,920 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,790 | €23,764 | €31,727 | €107,588 | ▲ 239% |
| + Depreciation and write-downs630 | €1,619 | €8,367 | €7,051 | €7,362 | ▲ 4.4% |
| Operating cash flow (approximation) | €34,409 | €32,131 | €38,778 | €114,950 | ▲ 196% |
| Investment in fixed assets (approximation) | - | -€23,176 | -€15,627 | €0 | - |
| Change in cash | - | €3,930 | €3,784 | €32,495 | ▲ 759% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SINIFISC has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SINIFISC itself is lower: < 0.1% within 12 months. It rests on far more data about SINIFISC than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for SINIFISC. 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.
Board & ownership
Directors
Directors
1 director, no change since 2022
SINI Pasqual
Current
Director (not named in the articles) · since 15-12-2022 · term without a fixed end · listed in the 2024 annual accounts, filed on 21-04-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 19-12-2022Owners and capital
Shareholders
At incorporation
act of 19-12-2022 ↗
- SINI Pasqual 100 shares (100%) · €2,000 in cash
Capital transactions
Capital over time
- 19-12-2022 Incorporation · €2,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 19-12-2022 (in French)
Network & group
SINIFISC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SINIFISC. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
21-04
full format · 101 days before the deadline
2025
31-12
Financial
Highest result from 2022 to 2025net €107,588 ▲239%
The operating result of €83,498 and the net result of €107,588 are both a record.
21-04
micro format · 101 days before the deadline
2024
27-06
micro format · 34 days before the deadline
2023
31-12
Financial
Weakest financial yearnet €23,764 ▼27.5%
The net result drops to €23,764, the lowest from 2022 to 2025. It recovers the following year.
17-06
micro format · 44 days before the deadline
2022
19-12
Gazette deed
IncorporationStarting capital €2,000 · Appointment: SINI Pasqual (director) · Founder17 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointment: SINI Pasqual (director) · Founder17 points ▸
- Founder, SINI Pasqual
- Other provision, “capacité du comparant, carte d'identité” (deed in French)
- Other provision, “commentaire et lecture de l'acte, intégralité par le notaire instrumentant” (deed in French)
- Other provision, “projet d'acte” (deed in French)
- Incorporation, “6224 Fleurus (ex-Wanfercée-Baulet),Route de Namur,111”, 100 (deed in French)
- Other provision, 15-11-2022
- Other provision, “responsabilité des fondateurs, faillite dans les trois ans de la constitution” (deed in French)
- Founding capital, €2,000
- Other provision, “obligation d'information” (deed in French)
- Other provision, “inscription au registre public de l'Institut des Conseillers Fiscaux et des Experts-comptables” (deed in French)
- Other provision, “arrêt des statuts” (deed in French)
- Share issue, 100, “égal” (deed in French)
- The act holds 5 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SINIFISC in French
Enterprise number
0794.840.368
Legal form
Private limited company
Status
Active, normale toestand
Founded
15-12-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-12-2022 (in French)Registered office and establishments
Registered office
Route de Namur(WB) 111, 6224 Fleurus, Belgium
Establishment unit
Route de Namur(WB) 111, 6224 Fleurus since 15-12-2022 · unit number 2.339.078.388
Activities
NACEBEL 202569201
Certified accountants and tax accountants main activity
Codes under NACEBEL 2008
69201
Accountants main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 19-12-2022 (in French)
“Les services juridiques en rapport avec les activités du professionnel; Fournir des conseils,des consultations en matière…”
8 activities
- Les services juridiques en rapport avec les activités du professionnel;
- Fournir des conseils,des consultations en matière statistique,économique,financière et administrative,
- Mener toutes sortes d'études et d'activités à cet égard,à l'exception des conseils en investissement et des activités pour lesquelles une reconnaissance supplémentaire est requise et/ou qui sont réservées par la loi à d'autres professions;
- Fournir des conseils et une assistance en matière sociale,notamment l'accomplissement des formalités y relatives tel que le calcul des salaires
- Exercer les activités d'ordre juridique et économique compatibles avec la déontologie de la profession.
- Exercer l'activité de syndic immobilier
- Exercer la fonction de liquidateur dans d'autres sociétés.
- Exercer des mandats d'administrateurs dans d'autres sociétés inscrites au registre public de l'Institut.(ITAA)
Invoicing and payment
VAT number
BE 0794.840.368
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of April at 19:00
deed of 19-12-2022 (in French)Sites & property
Location