ACTIVE

SINECURA

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Financial year 2025 · Closed on 30/06/2025

Net result-87,3 k €-234,6 %over 1 year

Gross margin308,3 k €-47,1 %over 1 year

Equity2,5 M €-3,4 %over 1 year

Workforce4,0 ETP-25,9 %over 1 year

Identity

Source · BCE/KBO

SINECURA is a Private limited company incorporated in 1989. Its main activity is: Wholesale of coffee, tea, cocoa and spices. Its registered office is in Merelbeke-Melle. It employs on average 4,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0437.920.059
Incorporation: 07/07/1989
Legal form: Private limited company
Registered office: Zwaantjesstraat 38
9090 Merelbeke-Melle · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/06/2025
Average workforce: 4,0 ETP

Activities (NACE)

46370Wholesale of coffee, tea, cocoa and spices· main 46370Wholesale of coffee, tea, cocoa and spices 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47112Retail sale in non-specialised stores with food, beverages or tobacco predominating 51370Air transport 52112Warehousing and storage

Joint committees (4)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	308,3 k €	-47.1%	583,3 k €	-53.5%	1,3 M €	-10.3%	1,4 M €	+66.4%	840,6 k €
EBITDA	6 k €	-97.5%	244,6 k €	-70.4%	825,5 k €	-19.6%	1 M €	+103%	506,9 k €
Operating result	-97,9 k €	-170%	140,3 k €	-80.7%	724,9 k €	-21.3%	921,7 k €	+140%	384,2 k €
Net result	-87,3 k €	-235%	64,8 k €	-88.1%	542,7 k €	-30.5%	780,4 k €	+135%	332,4 k €
Balance sheet
Equity	2,5 M €	-3.4%	2,6 M €	+1.3%	2,5 M €	+8.3%	2,3 M €	+3.6%	2,3 M €
Total assets	4,2 M €	+33.3%	3,1 M €	-8.1%	3,4 M €	-24.9%	4,6 M €	+26.5%	3,6 M €
Cash	2,3 M €	+32.1%	1,7 M €	-15.3%	2,1 M €	-24.3%	2,7 M €	+48.7%	1,8 M €
Debts	1,6 M €	+167%	592,1 k €	-31.5%	864,7 k €	-61.3%	2,2 M €	+70.7%	1,3 M €
Other
Workforce	4,0 ETP	-25.9%	5,4 ETP	-14.3%	6,3 ETP	+1.6%	6,2 ETP	+12.7%	5,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 4 ended

Active mandates

ARTHA

Manager · 0864.667.403

Active

DECLA

Manager · 0865.784.584

Active

Ended mandates

ARTHA

Administrator - manager · since 01 avril 2018 · 0864.667.403

Represented by Dhaenens Christian

Ended

DECLA

Administrator - manager · since 01 avril 2018 · 0865.784.584

Represented by Rudy Claes

Ended

CHRIS DHAENENS

Manager · since 07 juillet 1989

Ended

RUDY CLAES

Manager · since 07 juillet 1989

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/09/2026	26/02/2025	26/02/2024	27/02/2023	30/09/2022	25/03/2021
General meeting	26/12/2025	27/12/2024	29/12/2023	31/01/2023	31/12/2021	01/02/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	26/12/2025	22/09/2026	Dutch	PDF
Abridged model	30/06/2024	27/12/2024	26/02/2025	Dutch	PDF
Abridged model	30/06/2023	29/12/2023	26/02/2024	Dutch	PDF
Abridged model	30/06/2022	31/01/2023	27/02/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	30/09/2022	Dutch	PDF
Abridged model	30/06/2020	01/02/2021	25/03/2021	Dutch	PDF
Abridged model	30/06/2019	04/02/2020	22/10/2022	Dutch	PDF
Abridged model	30/06/2018	25/01/2019	06/04/2020	Dutch	PDF
Abridged model	30/06/2017	29/12/2017	26/02/2018	Dutch	PDF
Abridged model	30/06/2016	25/02/2017	25/01/2018	Dutch	PDF
Abridged model	30/06/2015	28/12/2015	25/01/2016	Dutch	PDF
Abridged model	30/06/2014	29/12/2014	10/02/2015	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	17/02/2014	Dutch	PDF
Abridged model	30/06/2012	28/12/2012	26/02/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	15/02/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	28/02/2011	Dutch	PDF
Abridged model	30/06/2009	31/12/2009	23/02/2010	Dutch	PDF
Abridged model	30/06/2008	26/12/2008	24/02/2009	Dutch	PDF
Abridged model	30/06/2007	10/03/2008	28/04/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	15/02/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 4 ended

Active mandates

ARTHA

Manager · 0864.667.403

Active

DECLA

Manager · 0865.784.584

Active

Ended mandates

ARTHA

Administrator - manager · since 01 avril 2018 · 0864.667.403

Represented by Dhaenens Christian

Ended

DECLA

Administrator - manager · since 01 avril 2018 · 0865.784.584

Represented by Rudy Claes

Ended

CHRIS DHAENENS

Manager · since 07 juillet 1989

Ended

RUDY CLAES

Manager · since 07 juillet 1989

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/12/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/02/2014
MAATSCHAPPELIJKE ZETEL
PDF
Registered office01/06/2004
MAATSCHAPPELIJKE ZETEL
PDF

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Timeline

2025
Annual accounts 2025-87,3 k €↓
2024
Annual accounts 202464,8 k €↓
2023
Annual accounts 2023542,7 k €↓
2022
Annual accounts 2022780,4 k €↑
2021
Annual accounts 2021332,4 k €↑
2020
Annual accounts 2020327,5 k €↓
2019
Annual accounts 2019394,3 k €↓
2018
Annual accounts 2018394,5 k €↑
2017
Annual accounts 2017284 k €↑
2016
Annual accounts 2016113,1 k €↑
2015
Annual accounts 2015112,5 k €↑
2014
Annual accounts 2014109,6 k €↑
2013
Annual accounts 2013106,7 k €↑
2012
Annual accounts 2012102,2 k €↑
2011
Annual accounts 201169,4 k €↓
2010
Annual accounts 201071,8 k €↓
2009
Annual accounts 2009264,9 k €↑
2008
Annual accounts 2008-200,4 k €↓
2007
Annual accounts 2007207,8 k €
07/07/1989
IncorporationPrivate limited company

SINECURA

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline