SINTAC
ActiveSummary
SINTAC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557,380 and a net result of €70,833. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 30.22 against 5.89 in 2024; short-term debt: 3.2% and cash: 17.7% of total assets), and 3.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.8%
Return on assets
12.3%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
14 d early
2022
31 d early
2021
24 d early
2020
18 d early
2019
15 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 23 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€557,380▲ 14.6%
2024 · €486,548
Total assets
€575,707▼ 1.1%
2024 · €581,980
Net result
€70,833▲ 1.6%
2024 · €69,686
Working capital
€535,581▲ 14.7%
2024 · €466,853
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€90,373▲ 0.1%€121,181▲ 34.1%€80,287▼ 33.7%€89,995▲ 12.1%€90,412▲ 0.5%
Net result€66,267▲ 0.6%€86,321▲ 30.3%€58,056▼ 32.7%€69,686▲ 20.0%€70,833▲ 1.6%
Equity€434,384▲ 7.5%€491,706▲ 13.2%€494,762▲ 0.6%€486,548▼ 1.7%€557,380▲ 14.6%
Total assets€485,855▲ 6.0%€550,293▲ 13.3%€565,969▲ 2.8%€581,980▲ 2.8%€575,707▼ 1.1%
Debt€51,471▼ 4.8%€58,588▲ 13.8%€71,207▲ 21.5%€95,432▲ 34.0%€18,326▼ 80.8%
Working capital€434,384▲ 7.5%€491,706▲ 13.2%€494,762▲ 0.6%€466,853▼ 5.6%€535,581▲ 14.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €575,707
Fixed assets
€21,800 ▲ 10.7%
Current assets
€553,907 ▼ 1.5%
Equity and liabilities €575,707
Equity
€557,380 ▲ 14.6%
Debt
€18,326 ▼ 80.8%
Debt's share of the balance-sheet total falls from 16.4% to 3.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90,545
Cash flow
€70,966
Current ratio
30.22▲
2024 · 5.89
Debt to equity
0.03▼
2024 · 0.20
ROE
12.7%▼
2024 · 14.3%
ROA
12.3%▲
2024 · 12.0%
Interest coverage
1317.21
Debt ≤ 1 year
€18,326▼
2024 · €95,432
Income taxes
€27,968▲
2024 · €27,107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €133 | - |
| Other operating charges640/8 | €55 | €503 | €448 | - | €1,010 | - |
| Gross operating margin9900 | €90,428 | €121,684 | €80,734 | €89,995 | €91,555 | ▲ 1.7% |
| Operating profit (loss)9901 | €90,373 | €121,181 | €80,287 | €89,995 | €90,412 | ▲ 0.5% |
| Financial income75/76B | €1,540 | €700 | €748 | €7,028 | €8,457 | ▲ 20.3% |
| Recurring financial income75 | €1,540 | €700 | €748 | €7,028 | €8,457 | ▲ 20.3% |
| Financial charges65/66B | €219 | €234 | €221 | €231 | €69 | ▼ 70.2% |
| Recurring financial charges65 | €219 | €234 | €221 | €231 | €69 | ▼ 70.2% |
| Profit (loss) for the period before taxes9903 | €91,694 | €121,647 | €80,813 | €96,793 | €98,800 | ▲ 2.1% |
| Income taxes67/77 | €25,427 | €35,326 | €22,756 | €27,107 | €27,968 | ▲ 3.2% |
| Profit (loss) for the period9904 | €66,267 | €86,321 | €58,056 | €69,686 | €70,833 | ▲ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €66,267 | €86,321 | €58,056 | €69,686 | €70,833 | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485,855 | €550,293 | €565,969 | €581,980 | €575,707 | ▼ 1.1% |
| Fixed assets21/28 | - | - | - | €19,695 | €21,800 | ▲ 10.7% |
| Tangible fixed assets22/27 | - | - | - | - | €2,105 | - |
| Plant, machinery and equipment23 | - | - | - | - | €2,105 | - |
| Financial fixed assets28 | - | - | - | €19,695 | €19,695 | = |
| Current assets29/58 | €485,855 | €550,293 | €565,969 | €562,285 | €553,907 | ▼ 1.5% |
| Amounts receivable after more than one year29 | €20,025 | €10,141 | - | - | - | - |
| Other amounts receivable291 | €20,025 | €10,141 | - | - | - | - |
| Amounts receivable within one year40/41 | €26,515 | €40,046 | €18,361 | €17,016 | €17,364 | ▲ 2.0% |
| Trade receivables40 | €20,328 | €40,046 | €17,016 | €17,016 | €17,364 | ▲ 2.0% |
| Other amounts receivable41 | €6,187 | - | €1,346 | - | - | - |
| Current investments50/53 | €277,087 | €377,087 | €477,425 | €512,363 | €434,733 | ▼ 15.2% |
| Cash at bank and in hand54/58 | €162,228 | €123,020 | €70,183 | €32,906 | €101,810 | ▲ 209% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485,855 | €550,293 | €565,969 | €581,980 | €575,707 | ▼ 1.1% |
| Equity10/15 | €434,384 | €491,706 | €494,762 | €486,548 | €557,380 | ▲ 14.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €294,755 | €351,755 | €354,805 | €346,575 | €417,405 | ▲ 20.4% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | €292,900 | €349,900 | €354,805 | €346,575 | €417,405 | ▲ 20.4% |
| Profit (loss) carried forward14 | €133,429 | €133,751 | €133,757 | €133,773 | €133,775 | = |
| Amounts payable17/49 | €51,471 | €58,588 | €71,207 | €95,432 | €18,326 | ▼ 80.8% |
| Amounts payable within one year42/48 | €51,471 | €58,588 | €71,207 | €95,432 | €18,326 | ▼ 80.8% |
| Trade debts44 | €1,206 | €980 | €24 | €113 | €34 | ▼ 69.6% |
| Suppliers440/4 | €1,206 | €980 | €24 | €113 | €34 | ▼ 69.6% |
| Taxes, remuneration and social security45 | €14,265 | €27,962 | €14,493 | €15,625 | €16,512 | ▲ 5.7% |
| Taxes450/3 | €14,265 | €27,962 | €14,493 | €15,625 | €16,512 | ▲ 5.7% |
| Other amounts payable47/48 | €36,000 | €29,646 | €56,690 | €79,695 | €1,780 | ▼ 97.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,267 | €86,321 | €58,056 | €69,686 | €70,833 | ▲ 1.6% |
| + Depreciation and write-downs630 | - | - | - | - | €133 | - |
| Operating cash flow (approximation) | €66,267 | €86,321 | €58,056 | €69,686 | €70,966 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | - | - | - | -€2,238 | - |
| Change in cash | - | -€39,208 | -€52,837 | -€37,277 | €68,905 | ▲ 285% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 5current ratio 30.22
Current ratio from 5.89 to 30.22; short-term debt falls from €95,432 to €18,326.
30-09
Financial
Equity above €500,000Eq €557,380 ▲14.6%
8 profitable years in a row build equity to €557,380.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €58,056 ▼32.7%
Net result drops to €58,056, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €86,321 ▲30.3%
Operating result €121,181, net result €86,321, both a record.
30-05
State Gazette act
General meeting · Director discharge
Auditor discharge · Auditor appointment
30-05
State Gazette act
General meeting · Director discharge
Auditor discharge · Auditor appointment
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
11-03
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
Show earlier events
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
07-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
26-05
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-11
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
07-11
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
21-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
21-03
State Gazette act
Board meeting · Power of attorney
Permanent representative
15-02
State Gazette act
Board meeting · Power of attorney
Permanent representative
2017
11-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB 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.
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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, Nivelles · 1 establishment unit since 2011
Ground area
3,215 m²
Building footprint
196 m²
Volume, LiDAR
4,269 m³
Parcel 25782D1202/00V000, Wallonia · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SINTAC SPRL
since 20112.200.283.464
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D1202/00V000 | Wallonia | 3,215 m² | 1 · 196 m² | 23.8 m · 7 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.
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Of 1,177 companies in sector 72109 we hold annual accounts for 714. 483 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
Founded17-06-2011
Fiscal year end30-09
Activities, NACEBEL 2025
72109Other research and development on natural sciences
Contact
Phone
0486/43.79.34Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837249758
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.