S.I.R.
ActiveS.I.R. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €396k and a net result of €-48k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-88
Solvency100▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.7 against 2.59 in 2024; short-term debt: 24.5% and cash: 23.2% of total assets), and 24.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d early
2023
137 d early
2022
96 d early
2021
43 d early
2020
143 d early
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€396k▼ 10.8%
2024 · €444k
2018: €234k
2019: €141k
2020: €202k
2021: €225k
2022: €295k
2023: €324k
2024: €444k
2018 → 2025
Total assets
€526k▼ 21.7%
2024 · €672k
2018: €520k
2019: €341k
2020: €499k
2021: €681k
2022: €845k
2023: €782k
2024: €672k
2018 → 2025
Net result
€-48k
2024 · €220k
2018: €5k
2019: €-92k
2020: €60k
2021: €74k
2022: €234k
2023: €159k
2024: €220k
2018 → 2025
Working capital
€348k▼ 1.8%
2024 · €354k
2018: €177k
2019: €91k
2020: €163k
2021: €121k
2022: €180k
2023: €233k
2024: €354k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€225k-€295k▲ 30.8%€324k▲ 10.0%€444k▲ 37.0%€396k▼ 10.8%
Operating result€98k-€289k▲ 195%€212k▼ 26.7%€269k▲ 26.8%€-43k
Net result€74k-€234k▲ 218%€159k▼ 32.0%€220k▲ 37.9%€-48k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43k after €269k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €526k
Fixed assets
€50k▼ 47.9%
Current assets
€477k▼ 17.4%
Equity and liabilities €526k
Equity
€396k▼ 10.8%
Debt
€130k▼ 42.9%
The debt ratio falls from 33.9% to 24.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▼
2024 · €314k
Cash flow
€-2k▼
2024 · €265k
Solvency
75.3%▲
2024 · 66.1%
Current ratio
3.70▲
2024 · 2.59
Quick ratio
3.33▲
2024 · 2.35
Debt / equity
0.33▼
2024 · 0.51
ROE
-12.1%▼
2024 · 49.5%
ROA
-9.1%▼
2024 · 32.7%
Interest coverage
0.62▼
2024 · 115.16
Debt
€130k▼
2024 · €228k
Debt ≤ 1 year
€129k▼
2024 · €222k
Debt > 1 year
€1k▼
2024 · €5k
Income taxes
€730▼
2024 · €47k
Staff costs
€302k▼
2024 · €405k
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€672k€526k▼
Fixed assets21/28€95k€50k▼
Tangible fixed assets22/27€93k€47k▼
Plant, machinery and equipment23€14k€5k▼
Furniture and vehicles24€72k€41k▼
Leasing and similar rights25€5k€88▼
Other tangible fixed assets26€2k€557▼
Financial fixed assets28€2k€2k=
Current assets29/58€577k€477k▼
Stocks and contracts in progress3€53k€48k▼
Stocks30/36€53k€48k▼
Amounts receivable within one year40/41€289k€303k▲
Trade receivables40€238k€228k▼
Other amounts receivable41€52k€76k▲
Cash at bank and in hand54/58€234k€122k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€672k€526k▼
Equity10/15€444k€396k▼
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€376k€328k▼
Amounts payable17/49€228k€130k▼
Amounts payable after more than one year17€5k€1k▼
Financial debts170/4€5k€1k▼
Amounts payable within one year42/48€222k€129k▼
Current portion of amounts payable after more than one year42€10k€5k▼
Trade debts44€72k€107k▲
Suppliers440/4€72k€107k▲
Taxes, remuneration and social security45€25k€9k▼
Taxes450/3€11k€150▼
Remuneration and social security454/9€15k€9k▼
Other amounts payable47/48€115k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€207-
Remuneration, social security and pensions62€405k€302k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€46k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€4k€4k▲
Gross operating margin9900€729k€309k▼
Operating profit (loss)9901€269k€-43k▼
Financial income75/76B€264-
Recurring financial income75€264-
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€267k€-47k▼
Income taxes67/77€47k€730▼
Profit (loss) for the period9904€220k€-48k▼
Profit (loss) for the period to be appropriated9905€220k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€476k€328k▼
Profit (loss) brought forward from the previous period14P€257k€376k▲
Profit to be distributed694/7€100k-
Return on contributions (dividend)694€100k-
Social balance
Average headcount (FTE)90875.94.1▼
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €234k ▲218%
Operating result €289k, net result €234k, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-09
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
30-09
Financial
Equity above €200kEq €202k ▲42.6%
Equity rises from €141k to €202k.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-92k ▼1802%
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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
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, Wijnegem · 1 establishment unit since 1994
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.
Vosveld 212110 WijnegemGround area
4,190 m²
Building footprint
1,521 m²
Volume, LiDAR
6,918 m³
Parcel 11050A0061/00H000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.I.R.
since 19942.069.345.540
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0061/00H000 | Flanders | 4,190 m² | 1 · 1,521 m² | 7.1 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
ISOLATION-MEDA-BEL
BE 0472.091.674
Schaarbeek · Eq €396k
REFRIGERATION HORECA PROFESSIONNEL
BE 0847.782.374
Tournai · Eq €396k
LAMBDA INSULATION
BE 0451.909.538
Grâce-Hollogne · Eq €395k
ISOTECH
BE 0470.543.436
Heist-op-den-Berg · Eq €398k
SARISOL
BE 0846.634.905
Namur · Eq €400k
Of 4,267 companies in sector 43230 we hold annual accounts for 1,240. 810 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-07-1992
Fiscal year end30-09
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
45250
20170Manufacture of chemicals and chemical products
33150Repair, maintenance and installation of machinery and equipment
35120
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.