S.I.P.
ActiveThe computed 12-month bankruptcy probability of S.I.P. is 2.9% (moderate). The 2024 annual accounts show negative equity (€-138k) and a net result of €-139k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 26043 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
19
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-72
Solvency0▼-25
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.65 against 0.99 in 2023; short-term debt: 140.1% and cash: 7.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-40.1%
Return on assets
-40.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-138k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-05-2026, 284 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
284 d late
2023
604 d late
2022
84 d late
2021
116 d late
2020
53 d early
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€954k▲ 13.5%
2021 · €841k
2019: €409k
2020: €852k
2021: €841k
2019 → 2022
EBIT margin
-3.1%▼ 5.7pp
2021 · 2.7%
2019: -2.8%
2020: 0.2%
2021: 2.7%
2019 → 2022
Net result
€-139k
2023 · €8k
2019: €-12k
2020: €1k
2021: €20k
2022: €-29k
2023: €8k
2019 → 2024
Working capital
€-168k▼ 8,740%
2023 · €-2k
2019: €-21k
2020: €-14k
2021: €5k
2022: €-18k
2023: €-2k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€852k-€841k▼ 1.3%€954k▲ 13.5%
Equity€2k-€22k▲ 805%€-8k€711€-138k
Operating result€2k-€22k▲ 967%€-29k€840€-139k
Net result€1k-€20k▲ 1,428%€-29k€8k€-139k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €139k after €840 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €345k
Fixed assets
€30k▲ 1,045%
Current assets
€315k▲ 3.1%
Key figures and ratios
EBITDA
€-131k▼
2023 · €8k
Cash flow
€-131k▼
2023 · €16k
Solvency
-40.1%▼
2023 · 0.2%
Current ratio
0.65▼
2023 · 0.99
Quick ratio
0.61▼
2023 · 0.93
Debt / equity
-3.49
ROA
-40.3%▼
2023 · 2.7%
Interest coverage
-728.90▼
2023 · 45.16
Debt
€484k▲
2023 · €308k
Debt ≤ 1 year
€484k▲
2023 · €308k
Staff costs
€117k▲
2023 · €92k
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
Balance sheet
Code20232024
Assets
Total assets20/58€308k€345k▲
Fixed assets21/28€3k€30k▲
Intangible fixed assets21€450-
Tangible fixed assets22/27€2k€30k▲
Furniture and vehicles24€2k€30k▲
Current assets29/58€306k€315k▲
Amounts receivable after more than one year29€268k€268k=
Other amounts receivable291€268k€268k=
Stocks and contracts in progress3€20k€20k=
Stocks30/36€20k€20k=
Cash at bank and in hand54/58€18k€27k▲
Equity and liabilities
Total equity and liabilities10/49€308k€345k▲
Equity10/15€711€-138k▼
Contributions10/11€13k€13k=
Profit (loss) carried forward14€-12k€-151k▼
Amounts payable17/49€308k€484k▲
Amounts payable within one year42/48€308k€484k▲
Trade debts44€264k€398k▲
Suppliers440/4€264k€398k▲
Taxes, remuneration and social security45€25k€24k▼
Taxes450/3€12k€24k▲
Remuneration and social security454/9€12k-
Other amounts payable47/48€19k€61k▲
Income statement
Code20232024
Remuneration, social security and pensions62€92k€117k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€533€1k▲
Gross operating margin9900€101k€-13k▼
Operating profit (loss)9901€840€-139k▼
Financial income75/76B€8k-
Recurring financial income75€8k-
Financial charges65/66B€182€180▼
Recurring financial charges65€182€180▼
Profit (loss) for the period before taxes9903€8k€-139k▼
Profit (loss) for the period9904€8k€-139k▼
Profit (loss) for the period to be appropriated9905€8k€-139k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-151k▼
Profit (loss) brought forward from the previous period14P€-20k€-12k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 284 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 604 days late
2024
31-12
Financial
Weakest financial yearnet €-139k ▼1792%
Net result drops to €-139k, the lowest in the series.
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 116 days late
2021
31-12
Financial
Highest result since 2019net €20k ▲1428%
Operating result €22k, net result €20k, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2019
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.
Gemeentestraat 232060 AntwerpenGround area
291 m²
Building footprint
291 m²
Volume, LiDAR
3,794 m³
Parcel 11808H1273/00F000, Flanders · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
S.I.P.
since 20192.285.151.833
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1273/00F000 | Flanders | 291 m² | 1 · 291 m² | 17.6 m · 5 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
Food safety, FASFC
1 siteAntwerpen2.285.151.833
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2019
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
10712Artisanal bread and fresh pastry making
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.