SEDICA
ActiveThe computed 12-month bankruptcy probability of SEDICA is 5.1% (elevated). For SEDICA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €26k and a net result of €2k. Equity is growing by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 18011 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability57▼-43
Solvency75▼-17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
49.7%
Return on assets
4.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 06-02-2025, 190 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
190 d late
2022
373 d late
2021
92 d late
2020
115 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€26k▲ 10.1%
2022 · €24k
2020: €10k
2021: €8k
2022: €24k
2020 → 2023
Total assets
€53k▲ 47.6%
2022 · €36k
2020: €54k
2021: €85k
2022: €36k
2020 → 2023
Net result
€2k▼ 84.4%
2022 · €15k
2020: €10k
2021: €-12k
2022: €15k
2020 → 2023
Working capital
€16k▼ 31.2%
2022 · €23k
2020: €8k
2021: €7k
2022: €23k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€10k-€8k▼ 16.2%€24k▲ 184%€26k▲ 10.1%
Operating result€10k-€-11k€22k€6k▼ 72.0%
Net result€10k-€-12k€15k€2k▼ 84.4%
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 2023; 2023 is 72% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €53k
Fixed assets
€10k▲ 991%
Current assets
€42k▲ 21.5%
Equity and liabilities €53k
Equity
€26k▲ 10.1%
Debt
€26k▲ 122%
The debt ratio rises from 33.4% to 50.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▼
2022 · €22k
Cash flow
€7k▼
2022 · €16k
Solvency
49.7%▼
2022 · 66.6%
Current ratio
1.59▼
2022 · 2.91
Quick ratio
1.48▼
2022 · 2.84
Debt / equity
1.01▲
2022 · 0.50
ROE
9.2%▼
2022 · 64.7%
ROA
4.6%▼
2022 · 43.1%
Interest coverage
3.86▼
2022 · 110.28
Debt
€26k▲
2022 · €12k
Debt ≤ 1 year
€26k▲
2022 · €12k
Income taxes
€822▼
2022 · €5k
Staff costs
€97k▲
2022 · €25k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€36k€53k▲
Fixed assets21/28€958€10k▲
Tangible fixed assets22/27€958€10k▲
Plant, machinery and equipment23€202€10k▲
Furniture and vehicles24€756-
Financial fixed assets28-€100
Current assets29/58€35k€42k▲
Stocks and contracts in progress3€845€3k▲
Stocks30/36€845€3k▲
Amounts receivable within one year40/41€32k€38k▲
Trade receivables40€13k€17k▲
Other amounts receivable41€19k€21k▲
Cash at bank and in hand54/58€2k€695▼
Equity and liabilities
Total equity and liabilities10/49€36k€53k▲
Equity10/15€24k€26k▲
Contributions10/11€10k€10k=
Outside capital11€10k€10k=
Other1109/19€10k€10k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€13k€15k▲
Amounts payable17/49€12k€26k▲
Amounts payable within one year42/48€12k€26k▲
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€8k€12k▲
Taxes450/3€8k€12k▲
Other amounts payable47/48-€14k
Income statement
Code20222023
Non-recurring operating income76A-€90k
Remuneration, social security and pensions62€25k€97k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€603€5k▲
Other operating charges640/8-€3k
Non-recurring operating charges66A-€1k
Gross operating margin9900€47k€112k▲
Operating profit (loss)9901€22k€6k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€201€3k▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€20k€3k▼
Income taxes67/77€5k€822▼
Profit (loss) for the period9904€15k€2k▼
Profit (loss) for the period to be appropriated9905€15k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€15k▲
Profit (loss) brought forward from the previous period14P€-2k€13k▲
Transfer to equity691/2€1k-
To the legal reserve6920€1k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 190 days late
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 373 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.91
Current ratio from 1.09 to 2.91; short-term debt falls from €77k to €12k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Weakest financial yearnet €-12k ▼216%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Grimbergen · 1 establishment unit since 2022
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.
Valkendal 21853 GrimbergenGround area
772 m²
Building footprint
419 m²
Volume, LiDAR
3,338 m³
2 parcels, Flanders · tallest building 19.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SWEETE CAKE CAFE
since 20222.337.818.873
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0479/00L006 | Flanders | 479 m² | 1 · 126 m² | 7.2 m · 1 fl. |
| 23642D0458/00P000 | Flanders | 293 m² | 1 · 293 m² | 19.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteVilvoorde2.337.818.873
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,265 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2019
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.