Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 6.3 to 4.
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Late annual account NBB
Fiscal year 2025 was filed 235 days after the legal deadline.
Financials
Financial year 2025
SINECURA from Merelbeke-Melle, company number BE0437920059, closed financial year 2025 with a result of € -87,250 after tax. For that financial year SINECURA recorded a gross margin of € 308,320 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 64,834 to € -87,250. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2026.
€ 2.5 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -87,250
▼ still € 64,834 profit in 2024
Profit after tax over the fiscal year.
€ 2.3 million
▲ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.5 million.
People and assets in 2025
4
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 288,778
▼ 12% vs 2024
€ 72,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 11,116
▲ 140% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.4 million
▲ € 1.1 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,610
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,398,765 | € 1,254,969 | € 583,337 | € 308,320 | ▼ 47% |
| Profit after taxes | € 780,428 | € 542,736 | € 64,834 | € -87,250 | ▼ € 152,084 |
| Equity | € 2,333,126 | € 2,525,863 | € 2,557,476 | € 2,470,226 | ▼ 3% |
| Total debts | € 2,233,268 | € 901,487 | € 592,097 | € 1,728,458 | ▲ 192% |
| Cash | € 2,714,859 | € 2,055,284 | € 1,740,046 | € 2,298,079 | ▲ 32% |
| Land & buildings | € 1,016,533 | € 930,955 | € 845,377 | € 759,798 | ▼ 10% |
| Retained profit | € 2,314,526 | € 2,507,263 | € 2,538,876 | € 2,451,626 | ▼ 3% |
| Dividend | € 700,000 | € 350,000 | € 0 | € 0 | |
| Bank debt | € 267,500 | € 177,500 | € 80,000 | € 0 | ▼ 100% |
| Balance sheet total | € 4,566,395 | € 3,427,350 | € 3,149,573 | € 4,198,684 | ▲ 33% |
| Employees (FTE) | 6.2 | 6.3 | 5.4 | 4 | ▼ 1.4 |
Key figures of SINECURA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to SINECURA?
What happened at SINECURA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 87,250 (▼ € 152,084 vs 2024). filed late Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 780,428 profit in 2022 to € 87,250 loss in 2025.
Paid € 360,647 in corporate taxes since 2022.
Best year ever: 2022, with € 780,428 profit.
On average € 77,100 of value added per employee in 2025.
Management
Behind SINECURA are ARTHA and DECLA. It owns 100% of Sinecura BV itself.
Establishments
Establishment units
Physical locations of this company
Zwaantjesstraat 38
9090 Merelbeke-Melle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0437.920.059
- VAT number
- BE 0437.920.059
- Registered office
- Zwaantjesstraat 38, 9090 Merelbeke-Melle
- Names & denominations
- SINECURA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1989
- Peppol
- Active · Active since 16 Jul 2026
- Contact
- sinecura.be
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