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SI IMMO

Active
Private limited companyfounded 20197 yrs activeRaphaëlstraat 38, 1070 Anderlecht, BelgiumKBO/BCE: BE 0733.908.433
Summary

The computed 12-month bankruptcy probability of SI IMMO is 6.5% (elevated). The annual accounts of SI IMMO for fiscal year 2025 show a net loss of 109% of total assets and of 82% of the equity at the start of that year. The 2025 annual accounts show equity of €1,280 and a net result of -€5,670. Equity is shrinking by ~25.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency50▼-32
Growth58=
Track record100
Bankruptcy probability, 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.33 against 2.33 in 2024; short-term debt: 75.4% and cash: 97.2% of total assets), and 75.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
24.6%
Return on assets
-109%
Age of the figures
12 mo
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 23-03-2026, 38 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
38 d early
2024
57 d early
2023
4 d early
2022
153 d early
2021
30 d early
2020
138 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 23 March (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 September 2019, SI IMMO was incorporated as a Private limited company.1 Total assets went from EUR 373,483 in 2020 to EUR 5,201 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€1,280▼ 81.6%
2024 · €6,950
Total assets
€5,201▼ 57.3%
2024 · €12,182
Net result
-€5,670
2024 · €67,557
Working capital
€1,280▼ 81.6%
2024 · €6,950
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€16,822▼ 1.9%-€62,071▼ 269%-€14,983▲ 75.9%€67,661-€387
Net result-€16,857▼ 2.1%-€62,145▼ 269%-€15,088▲ 75.7%€67,557-€5,670
Equity€16,626▼ 50.3%-€45,519-€60,607▼ 33.1%€6,950€1,280▼ 81.6%
Total assets€757,164▲ 103%€647,707▼ 14.5%€624,667▼ 3.6%€12,182▼ 98.0%€5,201▼ 57.3%
Debt€740,538▲ 118%€693,226▼ 6.4%€685,274▼ 1.1%€5,232▼ 99.2%€3,922▼ 25.0%
Working capital-€459,961▼ 53.5%-€205,433▲ 55.3%-€224,494▼ 9.3%€6,950€1,280▼ 81.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2021: -€16,822-€16,822Net result 2021: -€16,857-€16,857Operating result 2022: -€62,071-€62,071Net result 2022: -€62,145-€62,145Operating result 2023: -€14,983-€14,983Net result 2023: -€15,088-€15,088Operating result 2024: €67,661€67,661Net result 2024: €67,557€67,557Operating result 2025: -€387-€387Net result 2025: -€5,670-€5,67020212022202320242025-€25,000€0€25,000€50,000€75,000Operating result 2023: -€14,983-€15,000Net result 2023: -€15,088-€15,100Operating result 2024: €67,661€67,700Net result 2024: €67,557€67,600Operating result 2025: -€387-€387Net result 2025: -€5,670-€5,670202320242025
The operating result turns negative in 2025: a loss of €387 after €67,661 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5,201
Equity €1,280 ▼ 81.6%
Debt €3,922 ▼ 25.0%
Debt's share of the balance-sheet total rises from 42.9% to 75.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.33▼
2024 · 2.33
Debt to equity
3.06▲
2024 · 0.75
ROE
-443.1%▼
2024 · 972.0%
ROA
-109.0%▼
2024 · 554.5%
Debt ≤ 1 year
€3,922▼
2024 · €5,232
Income taxes
€5,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,135 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
5.9% went bankrupt
6.5% stopped otherwise
86% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.5% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,135 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 27 lines
Balance sheet Code20242025
Assets
Total assets20/58€12,182€5,201▼
Current assets29/58€12,182€5,201▼
Amounts receivable within one year40/41€148€148=
Other amounts receivable41€148€148=
Cash at bank and in hand54/58€12,035€5,054▼
Equity and liabilities
Total equity and liabilities10/49€12,182€5,201▼
Equity10/15€6,950€1,280▼
Contributions10/11€50,000€50,000=
Capital10€50,000€50,000=
Issued capital100€50,000€50,000=
Profit (loss) carried forward14-€43,050-€48,720▼
Amounts payable17/49€5,232€3,922▼
Amounts payable within one year42/48€5,232€3,922▼
Trade debts44€5,232€3,922▼
Suppliers440/4€5,232€3,922▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€688-
Other operating charges640/8€384€387▲
Gross operating margin9900€68,734-
Operating profit (loss)9901€67,661-€387▼
Financial charges65/66B€104€104=
Recurring financial charges65€104€104=
Profit (loss) for the period before taxes9903€67,557-€492▼
Income taxes67/77-€5,179
Profit (loss) for the period9904€67,557-€5,670▼
Profit (loss) for the period to be appropriated9905€67,557-€5,670▼
Appropriation of the result
Profit (loss) to be appropriated9906-€43,050-€48,720▼
Profit (loss) brought forward from the previous period14P-€110,607-€43,050▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,749€14,027€14,027€688--
Other operating charges640/8-€357€348€384€387▲ 0.8%
Gross operating margin9900€7,693-€47,688-€609€68,734--
Operating profit (loss)9901-€16,822-€62,071-€14,983€67,661-€387▼ 101%
Financial charges65/66B-€74€104€104€104=
Recurring financial charges65€35€74€104€104€104=
Profit (loss) for the period before taxes9903-€16,857-€62,145-€15,088€67,557-€492▼ 101%
Income taxes67/77----€5,179-
Profit (loss) for the period9904-€16,857-€62,145-€15,088€67,557-€5,670▼ 108%
Profit (loss) for the period to be appropriated9905-€16,857-€62,145-€15,088€67,557-€5,670▼ 108%
Line20212022202320242025Change
Assets
Total assets20/58€757,164€647,707€624,667€12,182€5,201▼ 57.3%
Fixed assets21/28€749,543€414,871€400,844---
Tangible fixed assets22/27€749,543€414,871€400,844---
Furniture and vehicles24-€1,377€688---
Leasing and similar rights25-€413,494€400,155---
Current assets29/58€7,621€232,836€223,823€12,182€5,201▼ 57.3%
Amounts receivable within one year40/41-€50€148€148€148=
Other amounts receivable41-€50€148€148€148=
Cash at bank and in hand54/58€7,621€232,786€223,676€12,035€5,054▼ 58.0%
Equity and liabilities
Total equity and liabilities10/49€757,164€647,707€624,667€12,182€5,201▼ 57.3%
Equity10/15€16,626-€45,519-€60,607€6,950€1,280▼ 81.6%
Contributions10/11€50,000€50,000€50,000€50,000€50,000=
Capital10-€50,000€50,000€50,000€50,000=
Issued capital100-€50,000€50,000€50,000€50,000=
Profit (loss) carried forward14-€33,374-€95,519-€110,607-€43,050-€48,720▼ 13.2%
Amounts payable17/49€740,538€693,226€685,274€5,232€3,922▼ 25.0%
Amounts payable after more than one year17€272,957€254,957€236,957---
Financial debts170/4-€254,957€236,957---
Amounts payable within one year42/48€467,582€438,269€448,317€5,232€3,922▼ 25.0%
Current portion of amounts payable after more than one year42-€21,393€25,509---
Trade debts44€2,296€12,105€7,843€5,232€3,922▼ 25.0%
Suppliers440/4-€12,105€7,843€5,232€3,922▼ 25.0%
Other amounts payable47/48-€404,770€414,965---
Line20212022202320242025Change
Profit (loss) for the period9904-€16,857-€62,145-€15,088€67,557-€5,670▼ 108%
+ Depreciation and write-downs630€23,749€14,027€14,027€688--
Operating cash flow (approximation)€6,891-€48,118-€1,061€68,245-€5,670▼ 108%
Investment in fixed assets (approximation)-€320,646€0---
Change in cash-€225,165-€9,110-€211,641-€6,981▲ 96.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
23-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
04-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Back to profitnet €67,557
Net result €67,557 after 4 loss-making years.
30-09
Financial Liquidity times 5current ratio 2.33
Current ratio from 0.50 to 2.33; short-term debt falls from €448,317 to €5,232.
26-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
28-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
30-09
Financial Weakest financial yearnet -€62,145
Net result drops to -€62,145, the lowest in the series; recovery starts the following year.
31-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
15-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 138 days late
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, Anderlecht
exact location from the address register On OpenStreetMap
Ground area
121 m²
Building footprint
77 m²
Volume, LiDAR
1,143 m³
Parcel 21305B0249/00L019, Brussels · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21305B0249/00L019 Brussels 121 m² 1 · 77 m² 19.3 m · 5 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded10-09-2019
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID 0208:0733908433
Also 9925:BE0733908433
Registered 05-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.