S.I.E.S.
ActiveSummary
S.I.E.S. has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20k and a net result of €1k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-24
Solvency29=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.04 in 2023; short-term debt: 96.2% and cash: 66% of total assets), and 96.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
3.8%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15869 sector peers (2024).
NBB · sector comparisonPosition among 15869 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
36 d early
2022
36 d early
2021
32 d early
2020
23 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€20k▲ 7.5%
2023 · €19k
2018: €77k
2019: €-47k
2020: €-46k
2021: €-43k
2022: €-30k
2023: €19k
2018 → 2024
Total assets
€541k▲ 6.8%
2023 · €506k
2018: €214k
2019: €763k
2020: €213k
2021: €195k
2022: €497k
2023: €506k
2018 → 2024
Net result
€1k▼ 97.1%
2023 · €49k
2018: €-104k
2019: €-124k
2020: €1k
2021: €3k
2022: €13k
2023: €49k
2018 → 2024
Working capital
€19k▲ 8.1%
2023 · €18k
2018: €76k
2019: €-48k
2020: €-47k
2021: €-44k
2022: €-32k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-46k-€-43k▲ 7.1%€-30k▲ 29.4%€19k€20k▲ 7.5%
Operating result€80k-€45k▼ 43.8%€60k▲ 33.6%€78k▲ 30.6%€33k▼ 57.8%
Net result€1k-€3k▲ 205%€13k▲ 282%€49k▲ 291%€1k▼ 97.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 58% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €541k
Fixed assets
€1k =
Current assets
€539k ▲ 6.8%
Equity and liabilities €541k
Equity
€20k ▲ 7.5%
Debt
€520k ▲ 6.8%
The debt ratio stays at 96.2%.
Key figures and ratios
Current ratio
1.04=
2023 · 1.04
Debt / equity
25.46▼
2023 · 25.63
ROE
7.0%▼
2023 · 259.0%
ROA
0.3%▼
2023 · 9.7%
Debt ≤ 1 year
€520k▲
2023 · €487k
Staff costs
€53k▼
2023 · €54k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€506k€541k▲
Fixed assets21/28€1k€1k=
Financial fixed assets28€1k€1k=
Current assets29/58€505k€539k▲
Stocks and contracts in progress3€89k-
Stocks30/36€89k-
Amounts receivable within one year40/41€198k€181k▼
Trade receivables40-€147k
Other amounts receivable41€198k€34k▼
Cash at bank and in hand54/58€216k€357k▲
Deferred charges and accrued income490/1€962€1k▲
Equity and liabilities
Total equity and liabilities10/49€506k€541k▲
Equity10/15€19k€20k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-49k€-48k▲
Amounts payable17/49€487k€520k▲
Amounts payable within one year42/48€487k€520k▲
Trade debts44-€86k
Suppliers440/4-€86k
Taxes, remuneration and social security45€31k€34k▲
Remuneration and social security454/9€31k€34k▲
Other amounts payable47/48€456k€401k▼
Income statement
Code20232024
Remuneration, social security and pensions62€54k€53k▼
Other operating charges640/8€153€143▼
Non-recurring operating charges66A€63-
Gross operating margin9900€132k€86k▼
Operating profit (loss)9901€78k€33k▼
Financial income75/76B€0€347▲
Recurring financial income75€0€347▲
Financial charges65/66B€29k€32k▲
Recurring financial charges65€29k€32k▲
Profit (loss) for the period before taxes9903€49k€1k▼
Profit (loss) for the period9904€49k€1k▼
Profit (loss) for the period to be appropriated9905€49k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-48k▲
Profit (loss) brought forward from the previous period14P€-98k€-49k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €49k ▲291%
Net result €49k, the highest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-124k
Net result drops to €-124k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Visé · 1 establishment unit since 1997
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.
Rue Basse Hermalle(HER) 634600 ViséGround area
196 m²
Building footprint
195 m²
Volume, LiDAR
1,818 m³
Parcel 62108E0082/00V000, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Basse Hermalle(HER) 63, 4600 Visé
since 19972.043.069.230
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108E0082/00V000 | Wallonia | 196 m² | 1 · 195 m² | 12.2 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
87550038KO83XFSL9417
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WHITEOUT
BE 0679.789.262
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GASTRO CONSULT
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BDB
BE 0670.855.463
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Of 1,075 companies in sector 46140 we hold annual accounts for 644. 355 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-03-1989
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46180Agents specialised in the wholesale of other particular products
51180
46869Wholesale trade
51562
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.