SINOPE
ActiveFrom the official registers: KBO 39 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
SINOPE has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€236,801) and a net result of -€58,689. Equity has been shrinking by about 50% per year since 2018. Its solvency ranks better than 5% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Official details
KBO- Status
- Active since 29-01-1987 Normal situation
- Legal form
- Public limited company
- Registered office
- Stationsstraat 199, 1770 Liedekerke
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
- Establishment unit
- 2.033.892.535 1770 Liedekerke, since 24-02-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 13-03-2026
Board and ownership
- DE NIL GuyManaging director
- DE NIL FleurDirector · since 20-06-2019
- SEGERS MyriamDirector · since 20-06-2019
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- -€6,984
- ▼ 328%
- Loss
- €58,689
- ▲ 14.7%
- Equity
- -€236,801
- ▼ 33.0%
- Total assets
- €447,206
- ▼ 7.5%
Score breakdownraises riskCapped at 59: negative equityLoss of €58,689, the second in a row (financial year 2025)Negative equity -€236,801lowers riskSize: total assets €447,206Figures for financial year 2025 (filed on 09-07-2026)Show the evidence
Checked score
About 7 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 68, micro). It does better than 5% of them on solvency, 33% on liquidity, 9% on profitability and 16% 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. 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
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 09-07-2026
- Format
- abbreviated format
- Reference
- 2026-00272326
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €53,470, larger than the loss of €46,378 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 6,619 companies had the same profile as SINOPE has now. Two years later, 4.5% had gone bankrupt and 84.5% were still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SINOPE itself is lower: 0.7% within 12 months. It rests on far more data about SINOPE than the profile alone.
Test of the method
The method was tested on the 497,445 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 6,619 companies, not a prediction for SINOPE. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,796 | €65,884 | €65,702 | €66,223 | €42,902 | €35,243 | €37,387 | €37,100 | ▼ 0.8% |
| Other operating charges640/8 | - | - | - | €8,903 | €6,519 | €7,077 | €7,358 | €9,387 | ▲ 27.6% |
| Gross operating margin9900 | €201,364 | €40,968 | €53,726 | €34,387 | €24,760 | €8,976 | -€1,634 | -€6,984 | ▼ 328% |
| Operating profit (loss)9901 | €133,591 | -€30,819 | -€18,896 | -€40,740 | -€24,660 | -€33,344 | -€46,378 | -€53,470 | ▼ 15.3% |
| Financial income75/76B | - | - | - | €6 | - | €43 | €3 | €3 | ▼ 11.1% |
| Recurring financial income75 | €9 | €58 | €48 | €6 | - | €43 | €3 | €3 | ▼ 11.1% |
| Financial charges65/66B | - | - | - | €4,945 | €4,526 | €4,867 | €4,451 | €4,899 | ▲ 10.0% |
| Recurring financial charges65 | €6,355 | €5,776 | €5,305 | €4,945 | €4,526 | €4,867 | €4,451 | €4,899 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €127,244 | -€36,537 | -€24,153 | -€45,678 | -€29,186 | -€38,168 | -€50,827 | -€58,366 | ▼ 14.8% |
| Transfer from deferred taxes780 | - | - | - | €2,105 | - | - | - | - | - |
| Income taxes67/77 | €1 | €9 | €90 | €376 | €280 | €319 | €329 | €323 | ▼ 1.8% |
| Profit (loss) for the period9904 | €129,450 | -€34,339 | -€22,036 | -€43,949 | -€29,466 | -€38,487 | -€51,156 | -€58,689 | ▼ 14.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,314 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €136,071 | -€27,717 | -€15,415 | -€37,635 | -€29,466 | -€38,487 | -€51,156 | -€58,689 | ▼ 14.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €710,334 | €648,047 | €593,791 | €526,728 | €482,793 | €515,482 | €483,709 | €447,206 | ▼ 7.5% |
| Fixed assets21/28 | €577,645 | €575,907 | €512,192 | €457,041 | €426,762 | €492,430 | €462,147 | €425,392 | ▼ 8.0% |
| Tangible fixed assets22/27 | €577,586 | €575,848 | €512,133 | €456,981 | €426,703 | €492,371 | €462,087 | €425,332 | ▼ 8.0% |
| Land and buildings22 | - | - | - | €443,248 | €423,804 | €490,072 | €460,148 | €423,622 | ▼ 7.9% |
| Plant, machinery and equipment23 | - | - | - | €2,701 | €2,235 | €1,979 | €1,939 | €1,710 | ▼ 11.8% |
| Furniture and vehicles24 | - | - | - | €11,033 | €664 | €320 | - | - | - |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €132,688 | €72,140 | €81,599 | €69,687 | €56,031 | €23,052 | €21,562 | €21,814 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €112 | - | €2,023 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €113,229 | €52,793 | €60,228 | €50,340 | €35,310 | €2,875 | €3,652 | €4,242 | ▲ 16.2% |
| Deferred charges and accrued income490/1 | - | - | - | €19,347 | €20,720 | €20,177 | €17,911 | €17,572 | ▼ 1.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €710,334 | €648,047 | €593,791 | €526,728 | €482,793 | €515,482 | €483,709 | €447,206 | ▼ 7.5% |
| Equity10/15 | €41,321 | €6,983 | -€15,054 | -€59,003 | -€88,469 | -€126,956 | -€178,111 | -€236,801 | ▼ 33.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €80,783 | €74,161 | €67,540 | €61,226 | €61,226 | €61,226 | €61,226 | €61,226 | = |
| Non-distributable reserves130/1 | - | - | - | €4,606 | €4,606 | €4,606 | €4,606 | €4,606 | = |
| Legal reserve130 | - | - | - | €4,606 | €4,606 | €4,606 | €4,606 | €4,606 | = |
| Distributable reserves133 | - | - | - | €56,620 | €56,620 | €56,620 | €56,620 | €56,620 | = |
| Profit (loss) carried forward14 | -€101,461 | -€129,179 | -€144,594 | -€182,229 | -€211,694 | -€250,181 | -€301,337 | -€360,026 | ▼ 19.5% |
| Provisions and deferred taxes16 | €6,519 | €4,312 | €2,105 | - | - | - | - | - | - |
| Amounts payable17/49 | €662,493 | €636,753 | €606,740 | €585,731 | €571,262 | €642,438 | €661,820 | €684,007 | ▲ 3.4% |
| Amounts payable after more than one year17 | €611,241 | €591,670 | €567,057 | €545,099 | €522,824 | €579,920 | €579,465 | €559,968 | ▼ 3.4% |
| Financial debts170/4 | - | - | - | €161,715 | €146,959 | €132,202 | €117,446 | €102,689 | ▼ 12.6% |
| Other amounts payable178/9 | - | - | - | €383,384 | €375,866 | €447,718 | €462,019 | €457,278 | ▼ 1.0% |
| Amounts payable within one year42/48 | €49,900 | €43,731 | €38,331 | €39,280 | €47,085 | €61,687 | €81,525 | €122,687 | ▲ 50.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,756 | €14,756 | €14,756 | €14,756 | €14,756 | = |
| Trade debts44 | €19,219 | €12,189 | €13,049 | €13,703 | €21,427 | €35,365 | €31,253 | €35,027 | ▲ 12.1% |
| Suppliers440/4 | - | - | - | €13,703 | €21,427 | €35,365 | €31,253 | €35,027 | ▲ 12.1% |
| Taxes, remuneration and social security45 | - | - | - | €2,380 | €1,632 | €1,276 | €1,519 | €127 | ▼ 91.6% |
| Taxes450/3 | - | - | - | €2,380 | €1,632 | €1,276 | €1,519 | €127 | ▼ 91.6% |
| Other amounts payable47/48 | - | - | - | €8,441 | €9,270 | €10,290 | €33,997 | €72,776 | ▲ 114% |
| Accrued charges and deferred income492/3 | - | - | - | €1,352 | €1,352 | €830 | €830 | €1,352 | ▲ 62.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €129,450 | -€34,339 | -€22,036 | -€43,949 | -€29,466 | -€38,487 | -€51,156 | -€58,689 | ▼ 14.7% |
| + Depreciation and write-downs630 | €61,796 | €65,884 | €65,702 | €66,223 | €42,902 | €35,243 | €37,387 | €37,100 | ▼ 0.8% |
| Operating cash flow (approximation) | €191,246 | €31,545 | €43,666 | €22,274 | €13,436 | -€3,244 | -€13,769 | -€21,589 | ▼ 56.8% |
| Investment in fixed assets (approximation) | - | -€64,146 | -€1,987 | -€11,072 | -€12,623 | -€100,911 | -€7,103 | -€345 | ▲ 95.1% |
| Change in cash | - | -€60,436 | €7,435 | -€9,888 | -€15,030 | -€32,435 | €777 | €591 | ▼ 24.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00272326 | NBB |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00329103 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00314597 | |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00331471 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20228033 | |
| 31-12-2020 | micro format | 03-09-2021 | 2021-65500588 | |
| 31-12-2019 | micro format | 22-10-2020 | 2020-62400505 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-51400260 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-49800341 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-47900296 |
Comparable companies
These companies have the same main activity as SINOPE: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €394,000 and €505,000, founded between 1986 and 1992.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SINOPE Liedekerke | 1987 | €447,206 | -€236,801 | -€6,984 | -€58,689 | - | 2025 |
| ZAKENKANTOOR GEMOETS Scherpenheuvel-Zichem | 1991 | €458,870 | €458,693 | -€3,867 | -€17,919 | - | 2025 |
| CONSULTIM COMPANY Asse | 1992 | €394,094 | €316,285 | -€33,151 | -€73,143 | - | 2025 |
| ATLANTIC REAL ESTATE Mechelen | 1988 | €481,969 | €470,461 | -€4,287 | -€4,957 | - | 2025 |
| ELAU Gent | 1986 | €505,165 | €445,511 | -€1,851 | -€8,306 | - | 2025 |
| J and J MANAGEMENT Lasne | 1991 | €441,881 | €389,924 | -€4,507 | €3,351 | 0 | 2025 |
| IMMOWORLD Antwerpen | 1991 | €447,707 | €37,846 | €482 | -€49,912 | 0 | 2025 |
They were chosen from the 7,230 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Day-to-day management 1
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DE NIL Fleur |
|
| DE NIL Guy |
|
| SEGERS Myriam |
|
The board according to the articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder”“Twee of meer bestuurders vormen samen een collegiaal bestuursorgaan, raad van bestuur genoemd, bestuursorgaan evenals de gevolmachtigden…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Te allen tijde door besluit van de algemene vergadering, die beraadslaagt op de wijze door de wet vereist, in de bij wet bepaalde gevallen”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Desgevallend één of meer vereffenaars benoemd door de algemene vergadering, aandeelhouders verdelen het liquidatiesaldo met inachtname van…”
Articles of association, deed of 10-09-2024 (in Dutch)
Owners and capital
Capital transactions
- 10-09-2024 Capital stated in the deed · €62,000 · 125 shares
Shares according to the articles of association
Capital, shares and profit
- Records ruleThis rule says which registers the company keeps, such as the share register, and how.
- “Afschriften en/of uittreksels van de notulen van de algemene vergaderingen bestemd voor derden, afschriften en uittreksels van notulen”
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 10-09-2024 (in Dutch)
Group and network
Connections & network
3 current directorsThe board mandates are in the list below. The network lets you explore the same ties.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
10-09
Gazette deed
Reappointments: DE NIL Fleur, DE NIL Guy and SEGERS MyriamAmendment of the articles · Capital · Registered office clause11 points ▸
- General meeting, 20-08-2024
- Other provision, “vaststelling inwerkingtreding WVV, Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Amendment of the articles
- Capital, €62,000
- Director reappointment, DE NIL Fleur (director)
- Director reappointment, DE NIL Guy (director)
- Director reappointment, SEGERS Myriam (director)
- Registered office clause, “1770 Liedekerke, Stationsstraat 199 bus 2” (deed in Dutch)
- Power of attorney
- Board meeting, 20-08-2024
- Director reappointment, DE NIL Guy (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20256 activities
- Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met het kopen, ruilen, huren en verhuren, onderverhuren, valoriseren, bouwen, verbouwen, verkavelen en verwezenlijken van alle onroerende goederen, het nemen en afstaan van optierechten voor het kopen van alle onroerende goederen, het beheren van onroerende goederen, de expertise, agentuur en leasing inzake onroerende goederen, dit zowel voor eigen rekening als voor rekening van derden.
- Het beheer van vermogen zowel roerend als onroerend.
- Het uitvoeren van syndicus-activiteiten.
- Het nemen van participaties in nieuwe en bestaande vennootschappen.
- Het bouwpromotorschap.
- Het vervullen van allerlei administratieve taken en verlenen van diensten.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23044A0582/00G000 | Flanders | 777 m² | 1 · 224 m² | 9.6 m · 3 |