Summary
SINNAEVE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €210,977 and a net result of -€10,475. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 2464 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
46 d late
2024
47 d late
2023
65 d late
2022
66 d late
2021
61 d late
2020
110 d late
2019
24 d 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 53 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Gistel, Finance and insurance sector
Equity
€210,977▼ 4.7%
2024 · €221,453
Net result
-€10,475▼ 6.3%
2024 · -€9,856
Total assets
€216,821▼ 4.1%
2024 · €226,201
Solvency
97.3%▼ 0.6pp
2024 · 97.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€21,089-€20,086▲ 4.8%-€17,147▲ 14.6%-€10,406▲ 39.3%-€10,485▼ 0.8%
Net result-€21,206below the sector's middle half-€20,195below the sector's middle half▲ 4.8%-€17,199below the sector's middle half▲ 14.8%-€9,856below the sector's middle half▲ 42.7%-€10,475below the sector's middle half▼ 6.3%
Equity€268,703within the sector's middle half▼ 7.3%€248,508within the sector's middle half▼ 7.5%€231,308within the sector's middle half▼ 6.9%€221,453within the sector's middle half▼ 4.3%€210,977within the sector's middle half▼ 4.7%
Total assets€274,954within the sector's middle half▼ 7.4%€253,052within the sector's middle half▼ 8.0%€236,958within the sector's middle half▼ 6.4%€226,201within the sector's middle half▼ 4.5%€216,821within the sector's middle half▼ 4.1%
Debt€6,251▼ 9.9%€4,545▼ 27.3%€5,650▲ 24.3%€4,749▼ 15.9%€5,843▲ 23.1%
Working capital€204,842above the sector's middle half▼ 7.6%€189,319above the sector's middle half▼ 7.6%€176,270above the sector's middle half▼ 6.9%€170,518within the sector's middle half▼ 3.3%€163,908within the sector's middle half▼ 3.9%
Solvency97.7%above the sector's middle half▲ 0.1pp98.2%above the sector's middle half▲ 0.5pp97.6%above the sector's middle half▼ 0.6pp97.9%above the sector's middle half▲ 0.3pp97.3%above the sector's middle half▼ 0.6pp
Current ratio86.24above the sector's middle half▼ 12.5879.53above the sector's middle half65.53above the sector's middle half
Return on assets (ROA)-7.7%below the sector's middle half▼ 24.0pp-8.0%below the sector's middle half▼ 0.3pp-7.3%below the sector's middle half▲ 0.7pp-4.4%below the sector's middle half▲ 2.9pp-4.8%below the sector's middle half▼ 0.5pp
Staff (FTE)11=1=1=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,485 in 2025 against €10,406 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,821
Fixed assets
€50,372 ▼ 7.2%
Current assets
€166,448 ▼ 3.2%
Equity and liabilities €216,821
Equity
€210,977 ▼ 4.7%
Debt
€5,843 ▲ 23.1%
Debt's share of the balance-sheet total rises from 2.1% to 2.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-5.0%▼
2024 · -4.5%
Debt ≤ 1 year
€2,540▲
2024 · €1,390
Debt > 1 year
€3,303▼
2024 · €3,358
Staff costs
€19,197▲
2024 · €18,198
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15,304 | €15,205 | €17,960 | €18,198 | €19,197 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,115 | €5,115 | €4,150 | €4,150 | €3,921 | ▼ 5.5% |
| Other operating charges640/8 | €1,328 | €1,078 | €1,407 | €1,230 | €1,503 | ▲ 22.2% |
| Gross operating margin9900 | €658 | €1,311 | €6,370 | €13,172 | €14,136 | ▲ 7.3% |
| Operating profit (loss)9901 | -€21,089 | -€20,086 | -€17,147 | -€10,406 | -€10,485 | ▼ 0.8% |
| Financial income75/76B | - | - | €10 | €613 | €93 | ▼ 84.9% |
| Recurring financial income75 | - | - | €10 | €613 | €93 | ▼ 84.9% |
| Financial charges65/66B | €117 | €68 | €62 | €62 | €82 | ▲ 32.1% |
| Recurring financial charges65 | €117 | €68 | €62 | €62 | €82 | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | -€21,206 | -€20,154 | -€17,199 | -€9,856 | -€10,475 | ▼ 6.3% |
| Income taxes67/77 | - | €41 | - | - | - | - |
| Profit (loss) for the period9904 | -€21,206 | -€20,195 | -€17,199 | -€9,856 | -€10,475 | ▼ 6.3% |
| Profit (loss) for the period to be appropriated9905 | -€21,206 | -€20,195 | -€17,199 | -€9,856 | -€10,475 | ▼ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,954 | €253,052 | €236,958 | €226,201 | €216,821 | ▼ 4.1% |
| Fixed assets21/28 | €67,709 | €62,594 | €58,444 | €54,293 | €50,372 | ▼ 7.2% |
| Tangible fixed assets22/27 | €66,959 | €61,844 | €57,694 | €53,543 | €49,622 | ▼ 7.3% |
| Land and buildings22 | €66,959 | €61,844 | €57,694 | €53,543 | €49,622 | ▼ 7.3% |
| Financial fixed assets28 | €750 | €750 | €750 | €750 | €750 | = |
| Current assets29/58 | €207,246 | €190,459 | €178,514 | €171,908 | €166,448 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €141,965 | €150,989 | €151,530 | €150,014 | €150,957 | ▲ 0.6% |
| Other amounts receivable41 | €141,965 | €150,989 | €151,530 | €150,014 | €150,957 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €65,281 | €38,070 | €25,926 | €20,390 | €14,930 | ▼ 26.8% |
| Deferred charges and accrued income490/1 | - | €1,400 | €1,059 | €1,505 | €561 | ▼ 62.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,954 | €253,052 | €236,958 | €226,201 | €216,821 | ▼ 4.1% |
| Equity10/15 | €268,703 | €248,508 | €231,308 | €221,453 | €210,977 | ▼ 4.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €228,409 | €228,409 | €169,808 | €159,953 | €149,477 | ▼ 6.5% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Reserves not available under the articles1311 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | €222,259 | €222,259 | €163,658 | €153,803 | €143,327 | ▼ 6.8% |
| Profit (loss) carried forward14 | -€21,206 | -€41,401 | - | - | - | - |
| Amounts payable17/49 | €6,251 | €4,545 | €5,650 | €4,749 | €5,843 | ▲ 23.1% |
| Amounts payable after more than one year17 | €3,848 | €3,405 | €3,405 | €3,358 | €3,303 | ▼ 1.6% |
| Other amounts payable178/9 | €3,848 | €3,405 | €3,405 | €3,358 | €3,303 | ▼ 1.6% |
| Amounts payable within one year42/48 | €2,403 | €1,140 | €2,245 | €1,390 | €2,540 | ▲ 82.7% |
| Trade debts44 | €1,294 | €1,140 | €922 | €78 | €1,141 | ▲ 1,357% |
| Suppliers440/4 | €1,294 | €1,140 | €922 | €78 | €1,141 | ▲ 1,357% |
| Taxes, remuneration and social security45 | €1,109 | - | €1,322 | €1,312 | €1,399 | ▲ 6.6% |
| Remuneration and social security454/9 | €1,109 | - | €1,322 | €1,312 | €1,399 | ▲ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,206 | -€20,195 | -€17,199 | -€9,856 | -€10,475 | ▼ 6.3% |
| + Depreciation and write-downs630 | €5,115 | €5,115 | €4,150 | €4,150 | €3,921 | ▼ 5.5% |
| Operating cash flow (approximation) | -€16,091 | -€15,080 | -€13,049 | -€5,706 | -€6,554 | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€27,211 | -€12,144 | -€5,536 | -€5,459 | ▲ 1.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet -€21,206
Net result drops to -€21,206, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 110 days late
2020
31-12
Financial
Highest result since 2018net €48,421 ▲460%
Operating result €65,709, net result €48,421, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 61.66
Current ratio from 16.67 to 61.66; short-term debt falls from €9,969 to €2,814.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gistel · 1 establishment unit since 1995
Ground area
182 m²
Building footprint
178 m²
Volume, LiDAR
1,009 m³
Parcel 35005B0282/00K000, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Stationsstraat 35, 8470 Gistel
since 19952.070.006.328
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005B0282/00K000 | Flanders | 182 m² | 1 · 178 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MATIVA FINANCES
BE 0885.357.897
Liège · Eq €210,704
GFASS
BE 0432.264.266
Wavre · Eq €211,497
CB ASSUR-FINANCES
BE 0773.784.737
Chièvres · Eq €210,368
Zakenkantoor Dirk Meeus
BE 0803.612.435
Oudenaarde · Eq €211,897
Frédéric COSTERS
BE 0884.403.834
Bever · Eq €211,955
Of 1,682 companies in sector 66191 we hold annual accounts for 1,230. 1,097 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.