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SINMAG EUROPE

Active
Public limited companyfounded 2005active for 21 yearsNeringstraat 2, 8370 Blankenberge, BelgiumKBO/BCE: BE 0875.548.328

From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

SINMAG EUROPE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €1.0m. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 79% of 6,158 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
SINMAG EUROPEActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 12-08-2005 Normal situation
Legal form
Public limited company
Registered office
Neringstraat 2, 8370 Blankenberge
Activity
Wholesale trade NACE 46641and 3 others
Establishment unit
2.148.524.858 8370 Blankenberge, since 01-10-2005
Financial year end
30 June
Peppol
Reachable since 29-09-2025
Company details

Who decides

Board
  • ELISE VDBManaging director · permanent representative Elise VAN DEN BROUCKE
  • PATRICK VDBManaging director · permanent representative Patrick VAN DEN BROUCKE
  • PHILIPPE DELHEZManaging director
  • GILBERT VDBDirector · permanent representative Gilbert VAN DEN BROUCKE
Auditor
VRC BEDRIJFSREVISOREN
Shareholders
Board & ownership

How it is doing

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-06-2025
Turnover
€12.2m
▲ 8.4%
Profit
€1.0m
▼ 7.6%
Equity
€5.8m
▲ 3.8%
Total assets
€8.0m
▲ 5.5%
Staff
10.1 FTE
=
2025 accounts 43 days early
Filed on 19-12-2025PDF
Financials
Why 97lowers riskLiquidity: current ratio 3.55, cash €2.0mFounded in 2005Size: turnover €12.2m, 10.1 FTE, total assets €8.0mEquity €5.8m (72.2% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 78% of its sector peers (NACE 46, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 97-1
equity 72.2% of total assets
Liquidity 72+20
short-term debt 26.4% · cash 25.5%
Profitability 79-4
return on assets 12.7%
Bankruptcy probability, 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).

Sector median 0.2% (4,376 companies, NACE 46, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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 09-2025highest value 11-2025: < 0.1%▼ -0.1 percentage points 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%● 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 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.55, compared with 3.81 in 2024, above the usual 1.5; short-term debt: 26.4% and cash: 25.5% of total assets), and 27.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 81% on solvency, 88% on liquidity, 80% on profitability and 62% on growth.

The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.55, cash €2.0m
NBB · annual accounts
lowers risk · Founded in 2005
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €12.2m, 10.1 FTE, total assets €8.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €5.8m (72.2% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
54 days early
2023
61 days early
2022
42 days early
2021
19 days early
2020
17 days early
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 19 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Positive: Largest company by equity in Blankenberge, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €1.0m 7 years View

Documents

Annual accounts at the NBB

All 20 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about SINMAG EUROPE

What is the company number of SINMAG EUROPE?
0875.548.328. In Belgium the VAT number is the company number with BE in front: BE 0875.548.328.
Where is SINMAG EUROPE based?
The registered office is at Neringstraat 2, 8370 Blankenberge.Company details
What does SINMAG EUROPE do?
According to the KBO register, the main activity is wholesale trade (NACE 46641).
What is the legal form of SINMAG EUROPE?
Public limited company (NV).
When was SINMAG EUROPE founded?
On 12-08-2005.
Is SINMAG EUROPE still active?
Yes, SINMAG EUROPE is an active enterprise in the KBO register.
How many employees does SINMAG EUROPE have?
On average 10.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SINMAG EUROPE?
€12.2m in financial year 2025, according to the filed annual accounts.
Is SINMAG EUROPE profitable?
In financial year 2025, SINMAG EUROPE made a profit of €1.0m.
Where can I find the annual accounts of SINMAG EUROPE?
SINMAG EUROPE filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of SINMAG EUROPE due?
By 31-01-2027, for financial year 2026.Timeline

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