SINVA
ActiveSummary
SINVA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,085 and a net result of -€6,002. Equity is shrinking by ~22.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 89% of 2293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100▲+22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 9.96 against 2.12 in 2024; short-term debt: 10% and cash: 8% of total assets), and 10% 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90%
Return on assets
-44.7%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€6,002
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
2 d early
2020
16 d late
2019
1 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 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€12,085▼ 33.2%
2024 · €18,087
Total assets
€13,433▼ 60.8%
2024 · €34,306
Net result
-€6,002▼ 8.8%
2024 · -€5,516
Working capital
€12,085▼ 33.2%
2024 · €18,087
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-€10,745-€10,272▲ 4.4%-€6,242▲ 39.2%-€6,091▲ 2.4%-€8,984▼ 47.5%
Net result-€11,060▼ 14,100%-€9,551▲ 13.6%-€1,763▲ 81.5%-€5,516▼ 213%-€6,002▼ 8.8%
Equity€34,917▼ 24.1%€25,367▼ 27.4%€23,603▼ 7.0%€18,087▼ 23.4%€12,085▼ 33.2%
Total assets€44,389▼ 22.0%€39,573▼ 10.8%€35,419▼ 10.5%€34,306▼ 3.1%€13,433▼ 60.8%
Debt€9,472▼ 13.4%€14,207▲ 50.0%€11,816▼ 16.8%€16,219▲ 37.3%€1,348▼ 91.7%
Working capital€38,479▼ 22.5%€28,928▼ 24.8%€23,625▼ 18.3%€18,087▼ 23.4%€12,085▼ 33.2%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,984 in 2025 against €6,091 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €13,433
Equity
€12,085 ▼ 33.2%
Debt
€1,348 ▼ 91.7%
Debt's share of the balance-sheet total falls from 47.3% to 10.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
9.96▲
2024 · 2.12
Debt to equity
0.11▼
2024 · 0.90
ROE
-49.7%▼
2024 · -30.5%
ROA
-44.7%▼
2024 · -16.1%
Debt ≤ 1 year
€1,348▼
2024 · €16,219
Income taxes
€338▼
2024 · €576
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €686 | €690 | €754 | €581 | ▼ 22.9% |
| Gross operating margin9900 | -€10,062 | -€9,586 | -€5,552 | -€5,337 | -€8,403 | ▼ 57.4% |
| Operating profit (loss)9901 | -€10,745 | -€10,272 | -€6,242 | -€6,091 | -€8,984 | ▼ 47.5% |
| Financial income75/76B | - | €1,732 | €5,594 | €1,656 | €3,839 | ▲ 132% |
| Recurring financial income75 | €562 | €1,732 | €5,594 | €1,656 | €1,576 | ▼ 4.8% |
| Non-recurring financial income76B | - | - | - | - | €2,263 | - |
| Financial charges65/66B | - | €451 | €541 | €505 | €519 | ▲ 2.7% |
| Recurring financial charges65 | €344 | €451 | €541 | €505 | €519 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | -€10,528 | -€8,991 | -€1,189 | -€4,940 | -€5,664 | ▼ 14.6% |
| Income taxes67/77 | €532 | €560 | €574 | €576 | €338 | ▼ 41.2% |
| Profit (loss) for the period9904 | -€11,060 | -€9,551 | -€1,763 | -€5,516 | -€6,002 | ▼ 8.8% |
| Profit (loss) for the period to be appropriated9905 | -€11,060 | -€9,551 | -€1,763 | -€5,516 | -€6,002 | ▼ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,389 | €39,573 | €35,419 | €34,306 | €13,433 | ▼ 60.8% |
| Current assets29/58 | €44,389 | €39,573 | €35,419 | €34,306 | €13,433 | ▼ 60.8% |
| Amounts receivable within one year40/41 | €27,254 | €29,249 | €30,489 | €32,234 | €11,041 | ▼ 65.7% |
| Trade receivables40 | - | - | - | €90 | €507 | ▲ 466% |
| Other amounts receivable41 | - | €29,249 | €30,489 | €32,144 | €10,534 | ▼ 67.2% |
| Cash at bank and in hand54/58 | €14,804 | €7,874 | €2,699 | €262 | €1,079 | ▲ 312% |
| Deferred charges and accrued income490/1 | - | €2,450 | €2,231 | €1,810 | €1,314 | ▼ 27.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,389 | €39,573 | €35,419 | €34,306 | €13,433 | ▼ 60.8% |
| Equity10/15 | €34,917 | €25,367 | €23,603 | €18,087 | €12,085 | ▼ 33.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €12,917 | €3,367 | €1,603 | -€3,913 | -€7,915 | ▼ 102% |
| Amounts payable17/49 | €9,472 | €14,207 | €11,816 | €16,219 | €1,348 | ▼ 91.7% |
| Amounts payable within one year42/48 | €5,910 | €10,645 | €11,794 | €16,219 | €1,348 | ▼ 91.7% |
| Trade debts44 | €431 | €658 | €807 | €673 | €1,010 | ▲ 50.1% |
| Suppliers440/4 | - | €658 | €807 | €673 | €1,010 | ▲ 50.1% |
| Taxes, remuneration and social security45 | - | €1,596 | €982 | €728 | €338 | ▼ 53.6% |
| Taxes450/3 | - | €1,596 | €982 | €728 | €338 | ▼ 53.6% |
| Other amounts payable47/48 | - | €8,390 | €10,006 | €14,818 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €3,562 | €22 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,060 | -€9,551 | -€1,763 | -€5,516 | -€6,002 | ▼ 8.8% |
| Operating cash flow (approximation) | -€11,060 | -€9,551 | -€1,763 | -€5,516 | -€6,002 | ▼ 8.8% |
| Change in cash | - | -€6,930 | -€5,175 | -€2,437 | €817 | ▲ 134% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Liquidity times 5current ratio 9.96
Current ratio from 2.12 to 9.96; short-term debt falls from €16,219 to €1,348.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€11,060
Net result drops to -€11,060, the lowest in the series; recovery starts the following year.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-09
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.
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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, Grimbergen · 1 establishment unit since 2003
Ground area
881 m²
Building footprint
242 m²
Volume, LiDAR
749 m³
Parcel 23084A0643/00B000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
de Burtinstraat 27, 1853 Grimbergen
since 20032.114.766.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0643/00B000 | Flanders | 881 m² | 1 · 242 m² | 10.4 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.
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Of 4,577 companies in sector 82300 we hold annual accounts for 1,673. 945 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
Founded04-11-2002
Fiscal year end31-03
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
64210Activities of holding companies
68110Buying and selling of own real estate
77224Rental and leasing activities
77229Renting and leasing of other personal and household goods
Scores and ratios are computed by Checked and are not a credit decision.