SINMAG EUROPE
ActiveSummary
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 has been growing by about 13% per year since 2019. Its solvency ranks better than 79% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 12-08-2005 Normal situation
- Activity
- Wholesale trade NACE 46641and 3 others
- Joint committee
- 149.04 Paritair Subcomité voor de metaalhandel · annual accounts 30-06-2025
- Establishment unit
- 2.148.524.858 8370 Blankenberge, since 01-10-2005
- Financial year end
- 30 June
- Peppol
- Reachable since 29-09-2025
Board and ownership
- ELISE VDBManaging director · permanent representative Elise VAN DEN BROUCKE
- PATRICK VDBManaging director · permanent representative Patrick VAN DEN BROUCKE
- PHILIPPE DELHEZManaging director
- Auditor
- VRC BEDRIJFSREVISOREN
- Pelitam Comm.V.89.98%annual accounts 30-06-2019
- Pelitam CommVconsolidatesannual accounts 30-06-2025
- Philippe Delhez Comm.V.10.11%annual accounts 30-06-2019
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Turnover
- €12.2m
- ▲ 8.4%
- Profit
- €1.0m
- ▼ 7.6%
- Equity
- €5.8m
- ▲ 3.8%
- Total assets
- €8.0m
- ▲ 5.5%
- Employees on 30-06-2025
- 10
- =
Score breakdownlowers 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
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46, small). It does better than 81% of them on solvency, 88% on liquidity, 80% on profitability and 62% on growth.
The bankruptcy probability was computed on 01-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Reappointment: VRC Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Patrick Van Den Broucke
- · Gazette deed Registered office moved from Zuienkerke to BlankenbergeResignations: GILBERT VDB, PATRICK VDB and 2 others · Appointments: GILBERT VDB, PATRICK VDB and 2 others · Permanent representatives: Gilbert VAN DEN BROUCKE, Patrick VAN DEN BROUCKE and 2 others
- · Gazette deed Appointment: Vander Donckt-Roobrouck-Christiaens Bedrijfsrevisoren (statutory auditor)Permanent representative: Van Den Broucke Patrick
Comparable companies
These companies have the same main activity as SINMAG EUROPE: wholesale trade (NACE 46641). They are comparable in size and age: total assets between €2.6m and €8m, founded between 1992 and 2009.
| Company | Total assets | Turnover |
|---|---|---|
| SINMAG EUROPE Blankenberge | €8.0m | €12.2m |
| VAN DEN BROUCKE BAKKERIJMACHINES Zuienkerke | €3.4m | €6.3m |
| CULIMAT Harelbeke | €2.6m | - |
| Perfecta FrituurApparatuur Houthalen-Helchteren | €3.2m | - |
| CONDROMAT Modave | €3.5m | - |
| VERBEKE BAKKERIJSERVICE Sint-Laureins | €3.3m | - |
| DHEGA - TRADE Zwevegem | €8.0m | - |
Key facts about SINMAG EUROPE
- What is the company number of SINMAG EUROPE?
- The company number of SINMAG EUROPE is 0875.548.328. The VAT number is the same 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?
- The legal form of SINMAG EUROPE is Public limited company (NV).
- When was SINMAG EUROPE founded?
- SINMAG EUROPE was 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?
- SINMAG EUROPE had an average of 10.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SINMAG EUROPE fall under?
- In its 30-06-2025 annual accounts, SINMAG EUROPE states joint committee 149.04 (Paritair Subcomité voor de metaalhandel).
- What is the turnover of SINMAG EUROPE?
- The turnover of SINMAG EUROPE was €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.
- When are the next annual accounts of SINMAG EUROPE due?
- SINMAG EUROPE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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