Siac
ActiveSummary
Siac has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,986 and a net result of €48,537. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency80▼-18
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 3.64 in 2024; short-term debt: 44.4% and cash: 56.5% of total assets), and 44.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.2%
Return on assets
47.9%
Age of the figures
12 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €55,986
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 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
39 d early
2022
29 d early
2021
47 d early
2020
39 d early
2019
38 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 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed 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 30 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€55,986▲ 37.1%
2024 · €40,830
Total assets
€101,398▲ 82.2%
2024 · €55,645
Net result
€48,537▲ 151%
2024 · €19,306
Working capital
€34,846▼ 10.5%
2024 · €38,917
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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€1,137€13,492▲ 1,087%-€18,189€22,795€66,066▲ 190%
Net result-€54below the sector's middle half▲ 99.8%€13,189within the sector's middle half-€18,477below the sector's middle half€19,306within the sector's middle half€48,537within the sector's middle half▲ 151%
Equity€26,812below the sector's middle half▼ 0.2%€40,000within the sector's middle half▲ 49.2%€21,523below the sector's middle half▼ 46.2%€40,830within the sector's middle half▲ 89.7%€55,986within the sector's middle half▲ 37.1%
Total assets€47,072below the sector's middle half▲ 12.3%€48,057below the sector's middle half▲ 2.1%€33,240below the sector's middle half▼ 30.8%€55,645below the sector's middle half▲ 67.4%€101,398within the sector's middle half▲ 82.2%
Debt€20,261▲ 34.5%€8,056▼ 60.2%€11,716▲ 45.4%€14,815▲ 26.5%€45,412▲ 207%
Working capital€27,027within the sector's middle half▼ 6.1%€37,367within the sector's middle half▲ 38.3%€19,758within the sector's middle half▼ 47.1%€38,917within the sector's middle half▲ 97.0%€34,846within the sector's middle half▼ 10.5%
Solvency57.0%within the sector's middle half▼ 7.1pp83.2%above the sector's middle half▲ 26.3pp64.8%within the sector's middle half▼ 18.5pp73.4%within the sector's middle half▲ 8.6pp55.2%within the sector's middle half▼ 18.2pp
Current ratio3.64within the sector's middle half▲ 0.437.44above the sector's middle half▲ 3.792.69within the sector's middle half▼ 4.753.64within the sector's middle half▲ 0.951.77within the sector's middle half▼ 1.86
Return on assets (ROA)-0.1%below the sector's middle half▲ 81.3pp27.4%within the sector's middle half▲ 27.6pp-55.6%below the sector's middle half▼ 83.0pp34.7%within the sector's middle half▲ 90.3pp47.9%above the sector's middle half▲ 13.2pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 190% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,398
Fixed assets
€21,557 ▲ 999%
Current assets
€79,841 ▲ 48.7%
Equity and liabilities €101,398
Equity
€55,986 ▲ 37.1%
Debt
€45,412 ▲ 207%
Debt's share of the balance-sheet total rises from 26.6% to 44.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,462▲
2024 · €24,189
Cash flow
€51,933▲
2024 · €20,701
Debt to equity
0.81▲
2024 · 0.36
ROE
86.7%▲
2024 · 47.3%
Interest coverage
269.22▲
2024 · 91.84
Debt ≤ 1 year
€44,995▲
2024 · €14,766
Income taxes
€17,271▲
2024 · €3,321
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 34,679 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 | - | - | - | - | €2,762 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,883 | €8,203 | €3,117 | €1,394 | €3,396 | ▲ 144% |
| Other operating charges640/8 | - | €1,065 | €1,111 | €1,131 | €1,185 | ▲ 4.8% |
| Gross operating margin9900 | €8,015 | €22,760 | -€13,961 | €25,320 | €70,647 | ▲ 179% |
| Operating profit (loss)9901 | €1,137 | €13,492 | -€18,189 | €22,795 | €66,066 | ▲ 190% |
| Financial income75/76B | - | €323 | €19 | €96 | €0 | ▼ 100% |
| Recurring financial income75 | €351 | €323 | €19 | €96 | €0 | ▼ 100% |
| Financial charges65/66B | - | €402 | €292 | €263 | €258 | ▼ 2.0% |
| Recurring financial charges65 | €1,081 | €402 | €292 | €263 | €258 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €407 | €13,413 | -€18,462 | €22,627 | €65,808 | ▲ 191% |
| Income taxes67/77 | €461 | €224 | €15 | €3,321 | €17,271 | ▲ 420% |
| Profit (loss) for the period9904 | -€54 | €13,189 | -€18,477 | €19,306 | €48,537 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | -€54 | €13,189 | -€18,477 | €19,306 | €48,537 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,072 | €48,057 | €33,240 | €55,645 | €101,398 | ▲ 82.2% |
| Fixed assets21/28 | €9,815 | €4,883 | €1,766 | €1,962 | €21,557 | ▲ 999% |
| Tangible fixed assets22/27 | €9,815 | €4,883 | €1,766 | €1,962 | €21,557 | ▲ 999% |
| Plant, machinery and equipment23 | - | - | - | €1,286 | €2,633 | ▲ 105% |
| Furniture and vehicles24 | - | €4,883 | €1,766 | €675 | €18,923 | ▲ 2,702% |
| Current assets29/58 | €37,258 | €43,173 | €31,474 | €53,683 | €79,841 | ▲ 48.7% |
| Amounts receivable within one year40/41 | €21,365 | €17,182 | €12,802 | €16,812 | €19,401 | ▲ 15.4% |
| Trade receivables40 | - | €11,732 | €11,880 | €16,372 | €18,840 | ▲ 15.1% |
| Other amounts receivable41 | - | €5,451 | €922 | €441 | €561 | ▲ 27.3% |
| Cash at bank and in hand54/58 | €12,548 | €22,778 | €17,727 | €35,494 | €57,304 | ▲ 61.4% |
| Deferred charges and accrued income490/1 | - | €3,213 | €945 | €1,377 | €3,137 | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,072 | €48,057 | €33,240 | €55,645 | €101,398 | ▲ 82.2% |
| Equity10/15 | €26,812 | €40,000 | €21,523 | €40,830 | €55,986 | ▲ 37.1% |
| Contributions10/11 | - | €6,250 | €6,250 | €8,110 | €8,110 | = |
| Reserves13 | €54,760 | €54,760 | €35,240 | €33,380 | €47,876 | ▲ 43.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €52,900 | €33,380 | €33,380 | €47,876 | ▲ 43.4% |
| Profit (loss) carried forward14 | -€34,198 | -€21,010 | -€19,967 | -€660 | €0 | ▲ 100% |
| Amounts payable17/49 | €20,261 | €8,056 | €11,716 | €14,815 | €45,412 | ▲ 207% |
| Amounts payable after more than one year17 | €6,938 | €1,395 | €0 | - | - | - |
| Financial debts170/4 | - | €1,395 | €0 | - | - | - |
| Amounts payable within one year42/48 | €10,231 | €5,806 | €11,716 | €14,766 | €44,995 | ▲ 205% |
| Current portion of amounts payable after more than one year42 | - | €5,543 | €1,395 | €0 | - | - |
| Trade debts44 | €2,410 | €40 | €457 | €3,177 | €1,126 | ▼ 64.6% |
| Suppliers440/4 | - | €40 | €457 | €3,177 | €1,126 | ▼ 64.6% |
| Taxes, remuneration and social security45 | - | €224 | €2,305 | €0 | €3,499 | - |
| Taxes450/3 | - | €224 | €0 | - | €3,499 | - |
| Remuneration and social security454/9 | - | €0 | €2,305 | €0 | - | - |
| Other amounts payable47/48 | - | - | €7,560 | €11,589 | €40,370 | ▲ 248% |
| Accrued charges and deferred income492/3 | - | €855 | €0 | €49 | €417 | ▲ 744% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54 | €13,189 | -€18,477 | €19,306 | €48,537 | ▲ 151% |
| + Depreciation and write-downs630 | €5,883 | €8,203 | €3,117 | €1,394 | €3,396 | ▲ 144% |
| Operating cash flow (approximation) | €5,828 | €21,392 | -€15,360 | €20,701 | €51,933 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€3,272 | €0 | -€1,590 | -€22,991 | ▼ 1,346% |
| Change in cash | - | €10,230 | -€5,051 | €17,767 | €21,810 | ▲ 22.8% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €48,537 ▲151%
Operating result €66,066, net result €48,537, both a record.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €19,306
Net result €19,306 after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €13,189
Net result €13,189 after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 7.44
Current ratio from 3.64 to 7.44; short-term debt falls from €10,231 to €5,806.
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€34,150
Net result drops to -€34,150, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hulshout · 1 establishment unit since 2013
Ground area
1,484 m²
Building footprint
94 m²
Volume, LiDAR
575 m³
Parcel 13016D0364/00C002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Siac
since 20132.219.368.512
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016D0364/00C002 | Flanders | 1,484 m² | 1 · 94 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 75 EUR awarded · 75 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 75 EUR | 75 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,378 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
Founded29-05-2013
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
85599Other education
Contact
E-mail
danny.smet@telenet.beHulshout
Phone
0475 98 55 72Hulshout
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534845726
Also
9925:BE0534845726
Registered
09-12-2025
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.