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Sinika

Active
Private limited company·Detailhandel in huismeubilair· 3 yrs active
Maalse Steenweg 328 ·8310 Brugge, Belgium
KBO/BCE: BE 0803.419.326
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Age3 yrs
Staff (FTE)0.5
Real estate1 parcel · 1,150 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Sinika is 3.3% (moderate). The 2024 annual accounts show negative equity (€-9k) and a net result of €-14k. Its solvency ranks better than 26% of 6698 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
3.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

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

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 20-06-2025 41 d early 2025-00157456

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-14k
Working capital€-7k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 20-06-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -1.7% 20.4%
better than 26% of 6698 sector peers
Net result €-14k €4k
better than 15% of 6678 sector peers
Equity €-9k €16k
better than 19% of 6712 sector peers
Gross operating margin €27k €24k
better than 52% of 6657 sector peers
Staff costs €35k €33k
higher than 52% of 3035 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€-9k
Net profit€-14k
Cash flow€3k
Staff costs€35k
Income taxes-
Dividends-
Total assets€507k
Equity€-9k
Debt€516k
of which ≤ 1y€474k
of which > 1y€42k
Working capital€-7k
Employees (FTE)0.5
Ratios (computed)
2024
Current ratio0.98
Quick ratio0.50
Working capital ratio-1.5%
Solvency-1.7%
Debt / equity-58.68
Long-term debt ratio-4.80
Interest coverage-1.24
Gross margin-
Net margin-
ROA-2.7%
ROE156.9%
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€507k
Fixed assets 21/28€41k
Intangible fixed assets 21€9k
Tangible fixed assets 22/27€32k
Current assets 29/58€466k
Stocks & contracts in progress 3€227k
Amounts receivable within one year 40/41€126k
Cash & bank 54/58€87k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€507k
Equity 10/15€-9k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-14k
Amounts payable 17/49€516k
Amounts payable after one year 17€42k
Amounts payable within one year 42/48€474k
Trade debts payable within one year 44€82k
Income statement
Gross operating margin 9900€27k
Operating result 9901€-26k
Financial income 75€19k
Financial charges 65€7k
Result before taxes 9903€-14k
Net result for the period 9904€-14k
Result to be appropriated 9905€-14k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
10 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Maalse Steenweg 3288310 Brugge

Establishment units

1 location
Vanden Borre Kitchen Brugge
Maalse Steenweg 328, 8310 BruggeVervaardiging van keukenmeubelen
since 20232.346.823.245
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,150 m²
Buildings1
Building footprint127 m²
Volume (LiDAR)700 m³
Tallest building8.4 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
31433D0117/00M000 Flanders 1,150 m² 1 · 127 m² 8.4 m · 2 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
Address history · 1
27-12-2023
Registered-office move
All acts · 1 updated 2 years ago
2023
27-12-2023 Registered office moved from Sint-Niklaas to Sint-Kruis Registered-office change
  • Kapelstraat 115, 9100 Sint-Niklaas → Maalse Steenweg 328C, 8310 Sint-Kruis (Brugge)

Analysis

Snowflake analysis

financial profile on 5 axes
Health10Profitability100Solvency44Growth-Stability79
58 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 10
Profitability 100
Solvency 44
Growth -
Stability 79

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 320 of the 2,606 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Vervaardiging van keukenmeubelen31002Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31004Vervaardiging van keukenmeubelen31020Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31091Schrijnwerk43320Schrijnwerk43320Detailhandel in elektrische huishoudapparaten in gespecialiseerde winkels47540Detailhandel in elektrische huishoudapparaten47540
Primary activity highlighted.
Names & trade names
Legal nameNL Sinika
Registered office
Maalse Steenweg 328 bus C
8310 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.