SCICON
ActiveSummary
SCICON has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198,043 and a net result of €1,833. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 52% of 195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency78▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.37 in 2024; short-term debt: 46% and cash: 7.6% of total assets), and 46.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← 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
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
53.4%
Return on assets
0.5%
Age of the figures
9 mo
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
66 d early
2023
42 d early
2022
23 d early
2021
14 d late
2020
29 d late
2019
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,833▼ 65.1%
2024 · €5,248
Working capital
€119,843▲ 24.2%
2024 · €96,510
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€619▲ 97.9%-€1,477▼ 139%-€15,360▼ 940%-€348▲ 97.7%-€885▼ 154%
Net result€10,503within the sector's middle half€7,125within the sector's middle half▼ 32.2%-€13,721within the sector's middle half€5,248within the sector's middle half€1,833within the sector's middle half▼ 65.1%
Equity€197,558within the sector's middle half▲ 5.6%€204,682within the sector's middle half▲ 3.6%€190,961below the sector's middle half▼ 6.7%€196,209below the sector's middle half▲ 2.7%€198,043below the sector's middle half▲ 0.9%
Total assets€466,335within the sector's middle half▲ 2.4%€479,213below the sector's middle half▲ 2.8%€446,951below the sector's middle half▼ 6.7%€460,121below the sector's middle half▲ 2.9%€370,923below the sector's middle half▼ 19.4%
Debt€268,778▲ 0.2%€274,531▲ 2.1%€255,989▼ 6.8%€263,911▲ 3.1%€172,880▼ 34.5%
Working capital€21,943within the sector's middle half▼ 63.2%€55,758within the sector's middle half▲ 154%€69,313within the sector's middle half▲ 24.3%€96,510within the sector's middle half▲ 39.2%€119,843below the sector's middle half▲ 24.2%
Solvency42.4%within the sector's middle half▲ 1.3pp42.7%within the sector's middle half▲ 0.3pp42.7%within the sector's middle half=42.6%within the sector's middle half▼ 0.1pp53.4%within the sector's middle half▲ 10.7pp
Current ratio1.08below the sector's middle half▼ 0.141.20within the sector's middle half▲ 0.121.27within the sector's middle half▲ 0.071.37within the sector's middle half▲ 0.101.70within the sector's middle half▲ 0.33
Return on assets (ROA)2.3%within the sector's middle half▲ 11.6pp1.5%within the sector's middle half▼ 0.8pp-3.1%within the sector's middle half▼ 4.6pp1.1%within the sector's middle half▲ 4.2pp0.5%within the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €885 in 2025 against €348 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370,923
Fixed assets
€80,459 ▼ 21.0%
Current assets
€290,463 ▼ 18.9%
Equity and liabilities €370,923
Equity
€198,043 ▲ 0.9%
Debt
€172,880 ▼ 34.5%
Debt's share of the balance-sheet total falls from 57.4% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,528▼
2024 · €21,572
Cash flow
€23,246▼
2024 · €27,169
Debt to equity
0.87▼
2024 · 1.35
ROE
0.9%▼
2024 · 2.7%
Interest coverage
17.57▼
2024 · 20.27
Debt ≤ 1 year
€170,621▼
2024 · €261,739
Income taxes
€183▼
2024 · €525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €19,706 | - | €3,695 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,932 | €28,324 | €24,819 | €21,921 | €21,413 | ▼ 2.3% |
| Other operating charges640/8 | €4,674 | €4,791 | €4,918 | €3,032 | €3,136 | ▲ 3.4% |
| Non-recurring operating charges66A | €220 | - | - | - | - | - |
| Gross operating margin9900 | €35,207 | €31,638 | €14,376 | €24,604 | €23,665 | ▼ 3.8% |
| Operating profit (loss)9901 | -€619 | -€1,477 | -€15,360 | -€348 | -€885 | ▼ 154% |
| Financial income75/76B | €18,902 | €18,765 | €2,849 | €7,185 | €4,070 | ▼ 43.4% |
| Recurring financial income75 | €18,902 | €18,765 | €2,849 | €7,185 | €4,070 | ▼ 43.4% |
| Financial charges65/66B | €7,667 | €10,033 | €1,073 | €1,064 | €1,168 | ▲ 9.8% |
| Recurring financial charges65 | €7,667 | €10,033 | €1,073 | €1,064 | €1,168 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €10,616 | €7,255 | -€13,585 | €5,773 | €2,016 | ▼ 65.1% |
| Income taxes67/77 | €113 | €131 | €136 | €525 | €183 | ▼ 65.1% |
| Profit (loss) for the period9904 | €10,503 | €7,125 | -€13,721 | €5,248 | €1,833 | ▼ 65.1% |
| Profit (loss) for the period to be appropriated9905 | €10,503 | €7,125 | -€13,721 | €5,248 | €1,833 | ▼ 65.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466,335 | €479,213 | €446,951 | €460,121 | €370,923 | ▼ 19.4% |
| Fixed assets21/28 | €178,031 | €151,017 | €123,793 | €101,872 | €80,459 | ▼ 21.0% |
| Tangible fixed assets22/27 | €177,907 | €150,893 | €123,669 | €101,748 | €80,335 | ▼ 21.0% |
| Land and buildings22 | €177,907 | €149,738 | €121,884 | €100,318 | €79,259 | ▼ 21.0% |
| Plant, machinery and equipment23 | - | - | €903 | €811 | €718 | ▼ 11.4% |
| Furniture and vehicles24 | - | €1,155 | €882 | €620 | €358 | ▼ 42.2% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €288,304 | €328,196 | €323,158 | €358,248 | €290,463 | ▼ 18.9% |
| Amounts receivable within one year40/41 | €5,514 | €39,314 | €29,461 | €76,571 | €32,132 | ▼ 58.0% |
| Trade receivables40 | €3,185 | €39,314 | €27,889 | €74,222 | €1,365 | ▼ 98.2% |
| Other amounts receivable41 | €2,329 | - | €1,572 | €2,349 | €30,767 | ▲ 1,210% |
| Current investments50/53 | - | - | €252,137 | €236,001 | €228,849 | ▼ 3.0% |
| Cash at bank and in hand54/58 | €280,787 | €286,846 | €39,977 | €44,550 | €28,196 | ▼ 36.7% |
| Deferred charges and accrued income490/1 | €2,003 | €2,036 | €1,584 | €1,127 | €1,286 | ▲ 14.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466,335 | €479,213 | €446,951 | €460,121 | €370,923 | ▼ 19.4% |
| Equity10/15 | €197,558 | €204,682 | €190,961 | €196,209 | €198,043 | ▲ 0.9% |
| Contributions10/11 | €71,000 | €71,000 | €71,000 | €71,000 | €71,000 | = |
| Reserves13 | €7,100 | €133,682 | €119,961 | €125,209 | €127,043 | ▲ 1.5% |
| Non-distributable reserves130/1 | €7,100 | €7,100 | - | - | - | - |
| Reserves not available under the articles1311 | €7,100 | €7,100 | - | - | - | - |
| Distributable reserves133 | - | €126,582 | €119,961 | €125,209 | €127,043 | ▲ 1.5% |
| Profit (loss) carried forward14 | €119,458 | - | - | - | - | - |
| Amounts payable17/49 | €268,778 | €274,531 | €255,989 | €263,911 | €172,880 | ▼ 34.5% |
| Amounts payable within one year42/48 | €266,361 | €272,438 | €253,844 | €261,739 | €170,621 | ▼ 34.8% |
| Trade debts44 | €4,484 | €2,998 | €3,491 | €3,619 | €337 | ▼ 90.7% |
| Suppliers440/4 | €4,484 | €2,998 | €3,491 | €3,619 | €337 | ▼ 90.7% |
| Advances received on contracts in progress46 | - | - | €5,632 | €5,632 | €5,632 | = |
| Taxes, remuneration and social security45 | €5,590 | €4,670 | - | €6,822 | €6,885 | ▲ 0.9% |
| Taxes450/3 | €5,590 | €4,670 | - | €6,822 | €6,885 | ▲ 0.9% |
| Other amounts payable47/48 | €256,287 | €264,770 | €244,721 | €245,666 | €157,766 | ▼ 35.8% |
| Accrued charges and deferred income492/3 | €2,417 | €2,093 | €2,145 | €2,173 | €2,259 | ▲ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,503 | €7,125 | -€13,721 | €5,248 | €1,833 | ▼ 65.1% |
| + Depreciation and write-downs630 | €30,932 | €28,324 | €24,819 | €21,921 | €21,413 | ▼ 2.3% |
| Operating cash flow (approximation) | €41,436 | €35,448 | €11,098 | €27,169 | €23,246 | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | -€1,310 | €2,406 | €0 | €0 | - |
| Change in cash | - | €6,059 | -€246,869 | €4,573 | -€16,353 | ▼ 458% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €5,248
Net result €5,248 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-12
Financial
Equity above €200,000Eq €204,682 ▲3.6%
2 profitable years in a row build equity to €204,682.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
15-12
Financial
Back to profitnet €10,503
Net result €10,503 after 3 loss-making years.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 29 days late
2020
15-12
Financial
Weakest financial yearnet -€42,378
Net result drops to -€42,378, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Enghien · 1 establishment unit since 2001
Ground area
5,852 m²
Building footprint
218 m²
Volume, LiDAR
1,345 m³
Parcel 55033A0277/00M000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SCICON SPRL
since 20012.098.567.482
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033A0277/00M000 | Wallonia | 5,852 m² | 1 · 218 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,177 companies in sector 72109 we hold annual accounts for 717. 483 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473944770
Also
9925:BE0473944770
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.