S.I.E.
ActiveS.I.E. has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €693k and a net result of €12k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 65% of 667 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-76
Solvency97▲+10
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.68 in 2024), and 41.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
58.8%
Return on assets
1%
Age of the figures
8 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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €693k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
6 d early
2023
5 d early
2022
31 d early
2021
20 d early
2020
5 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▼ 89.4%
2024 · €116k
2018: €22k
2019: €33k
2020: €15k
2021: €-44k
2022: €4k
2023: €-167k
2024: €116k
2018 → 2025
Working capital
€411k▼ 9.0%
2024 · €451k
2018: €666k
2019: €809k
2020: €753k
2021: €608k
2022: €631k
2023: €365k
2024: €451k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€728k-€732k▲ 0.5%€565k▼ 22.8%€681k▲ 20.6%€693k▲ 1.8%
Operating result€-110k-€-1k▲ 98.9%€-171k▼ 13,476%€101k€5k▼ 94.6%
Net result€-44k-€4k€-167k€116k€12k▼ 89.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€323k▲ 9.6%
Current assets
€857k▼ 23.1%
Equity and liabilities €1.18M
Equity
€693k▲ 1.8%
Provisions
€40k=
Debt
€446k▼ 35.2%
The debt ratio falls from 48.8% to 37.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€112k▼
2024 · €192k
Cash flow
€119k▼
2024 · €207k
Solvency
58.8%▲
2024 · 48.3%
Current ratio
1.92▲
2024 · 1.68
Quick ratio
1.01▼
2024 · 1.04
Debt / equity
0.64▼
2024 · 1.01
ROE
1.8%▼
2024 · 17.1%
ROA
1.0%▼
2024 · 8.3%
Interest coverage
58.01▼
2024 · 76.45
Debt
€446k▼
2024 · €688k
Debt ≤ 1 year
€446k▼
2024 · €664k
Staff costs
€44k▲
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.41M€1.18M▼
Fixed assets21/28€295k€323k▲
Tangible fixed assets22/27€295k€323k▲
Plant, machinery and equipment23€295k€319k▲
Furniture and vehicles24-€4k
Current assets29/58€1.12M€857k▼
Stocks and contracts in progress3€427k€405k▼
Stocks30/36€427k€405k▼
Amounts receivable within one year40/41€348k€269k▼
Trade receivables40€348k€269k▼
Cash at bank and in hand54/58€340k€184k▼
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.18M▼
Equity10/15€681k€693k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€99k€99k=
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Distributable reserves133€75k€75k=
Profit (loss) carried forward14€521k€533k▲
Provisions and deferred taxes16€40k€40k=
Provisions for liabilities and charges160/5€40k€40k=
Other liabilities and charges164/5€40k€40k=
Amounts payable17/49€688k€446k▼
Amounts payable after more than one year17€24k-
Financial debts170/4€24k-
Amounts payable within one year42/48€664k€446k▼
Current portion of amounts payable after more than one year42€58k€24k▼
Trade debts44€346k€65k▼
Suppliers440/4€346k€65k▼
Taxes, remuneration and social security45€29k€6k▼
Taxes450/3€24k€2k▼
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€231k€351k▲
Accrued charges and deferred income492/3€44-
Income statement
Code20242025
Remuneration, social security and pensions62€41k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€107k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€23k-
Other operating charges640/8€968€5k▲
Gross operating margin9900€258k€161k▼
Operating profit (loss)9901€101k€5k▼
Financial income75/76B€18k€9k▼
Recurring financial income75€18k€9k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€116k€12k▼
Profit (loss) for the period9904€116k€12k▼
Profit (loss) for the period to be appropriated9905€116k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€521k€533k▲
Profit (loss) brought forward from the previous period14P€404k€521k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €116k
Net result €116k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-167k ▼4341%
Net result drops to €-167k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
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.
Directors · office · real estate
Directors
4 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, Tongeren-Borgloon · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vrijheidweg 73700 Tongeren-BorgloonGround area
4,538 m²
Building footprint
1,472 m²
Volume, LiDAR
8,189 m³
Parcel 73046A0614/00C000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.I.E.
since 20112.234.375.402
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73046A0614/00C000 | Flanders | 4,538 m² | 1 · 1,472 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
INTRATECH
BE 0474.968.022
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BENTEC
BE 0556.644.396
Pajottegem · Eq €693k
LESACO
BE 0426.931.939
Bree · Eq €697k
CLC PROTECT
BE 0508.923.663
Courcelles · Eq €690k
SOUDOMECA INDUSTRIES
BE 0860.503.628
Doische · Eq €698k
Of 3,965 companies in sector 25110 we hold annual accounts for 2,134. 1,462 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-2011
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.