Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
64 other companies have their registered office at the same address; threshold 10.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SINCO CAPITAL from Sint-Lambrechts-Woluwe, company number BE0633907173, closed financial year 2025 with a result of € 4.5 million after tax. For that financial year SINCO CAPITAL recorded a gross margin of € -40,291 and equity of € -50.8 million. Compared with financial year 2024, the result moved from € -65.9 million to € 4.5 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ -50.8 million
▲ € 4.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.5 million
▲ still € 65.9 million loss in 2024
Profit after tax over the fiscal year.
€ 420,180
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -53.8 million.
Debts at end 2025
€ 21 million
▲ 5% vs 2024
Loans from banks and other lenders, long and short.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -30,402 | € -43,976 | € -42,866 | € -40,291 | ▲ € 2,575 |
| Profit after taxes | € 4,946,623 | € 136,385 | € -65,865,971 | € 4,514,144 | ▲ € 70.4 million |
| Equity | € 10,377,669 | € 10,514,054 | € -55,351,916 | € -50,837,773 | ▲ € 4.5 million |
| Total debts | € 102,891,170 | € 78,893,577 | € 77,857,479 | € 168,109,457 | ▲ 116% |
| Cash | € 366,806 | € 2,055,186 | € 1,324,181 | € 420,180 | ▼ 68% |
| Retained profit | € 7,377,669 | € 7,514,054 | € -58,351,916 | € -53,837,773 | ▲ € 4.5 million |
| Bank debt | € 24,000,000 | € 20,000,000 | € 20,000,000 | € 21,000,000 | ▲ 5% |
| Balance sheet total | € 113,268,839 | € 89,407,631 | € 22,505,563 | € 117,271,684 | ▲ € 94.8 million |
Key figures of SINCO CAPITAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SINCO CAPITAL?
What happened at SINCO CAPITAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.5 million. Source: NBB ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.9 million profit in 2022 to € 4.5 million profit in 2025.
Paid € 20,271 in corporate taxes since 2022.
Best year ever: 2022, with € 4.9 million profit.
Management
Behind SINCO CAPITAL are PAULETTE SOETENS, ANTHONY VAN EYCKE and FRANCOIS DETANDT. It owns COOL RACING itself.
Directors
According to the 2025 annual accounts
PAULETTE SOETENS
Director
Also active at: Société Immobilière du Canal, SCHEERS PUBLICITE, STRATEGY CONSULTANTS, CATALAN INVESTMENT, EXCHANGE, SIGNES PARTICULIERS, SOFALP, INTERNATIONAL CONSULTING SERVICES +25 more
ANTHONY VAN EYCKE
Director
Also active at: BECATELLO, SAN VITO, DUOMAE, David Richard Thompson, SADHANA CAPITAL, NATHUR INVEST, KABALE, STELLENBOSCH +22 more
FRANCOIS DETANDT
Director
Also active at: ONE REFRACTORIES, Société d'Etudes, de Gestion et Immobilière, Immobilière des Tanneurs, F.B.M. TECHNOLOGY - TIME AND DATA SYSTEMS, Société Immobilière du Canal, SIGECO, Société Forestière d'ODEIGNE, SCHEERS PUBLICITE +108 more
Establishments
Establishment units
Physical locations of this company
Vergoteplein 19
1200 Sint-Lambrechts-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 64 companies are registered at this address.
All companies at this address →Société d'Etudes, de Gestion et Immobilière same network
€ -2,638 gross margin · 2025
Immobilière des Tanneurs same network
€ 3,528 gross margin · 2025
F.B.M. TECHNOLOGY - TIME AND DATA SYSTEMS same network
€ -714 gross margin · 2025
Société Immobilière du Canal same network
G.A.B.S.
€ 58,101 gross margin · 2025
+59 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0633.907.173
- VAT number
- BE 0633.907.173
- Registered office
- Vergoteplein 19, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- SINCO CAPITAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2015
- Peppol
- Not registered