Summary
SIACI UNDERWRITING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €125,925 and a net result of €51,565. Equity is growing by ~70.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 492 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
20 d early
2023
5 d early
2022
17 d early
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€125,925▲ 69.3%
2024 · €74,360
Net result
€51,565▼ 24.3%
2024 · €68,143
Total assets
€349,984▲ 22.4%
2024 · €285,905
Solvency
36.0%▲ 10.0pp
2024 · 26.0%
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-€46,448--€3,795▲ 91.8%€49,278€84,510▲ 71.5%€85,814▲ 1.5%
Net result-€46,448--€3,825▲ 91.8%€44,989€68,143▲ 51.5%€51,565▼ 24.3%
Equity€15,052-€11,228▼ 25.4%€56,216▲ 401%€74,360▲ 32.3%€125,925▲ 69.3%
Total assets€16,717-€11,299▼ 32.4%€160,123▲ 1,317%€285,905▲ 78.6%€349,984▲ 22.4%
Debt€1,665-€71▼ 95.7%€103,907▲ 146,062%€211,545▲ 104%€224,059▲ 5.9%
Working capital€11,289-€8,343▼ 26.1%€65,960▲ 691%€88,769▲ 34.6%€129,997▲ 46.4%
Solvency90.0%-99.4%▲ 9.3pp35.1%▼ 64.3pp26.0%▼ 9.1pp36.0%▲ 10.0pp
Staff (FTE)0.60.8▲ 33.3%0.9▲ 12.5%
Why a figure moved sharply
- 2024 Total assets +79% on 2023. Cause not known from the registers.
- 2023 Total assets +1,317% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €349,984
Fixed assets
€247 ▼ 78.0%
Current assets
€349,737 ▲ 22.8%
Equity and liabilities €349,984
Equity
€125,925 ▲ 69.3%
Debt
€224,059 ▲ 5.9%
Debt's share of the balance-sheet total falls from 74.0% to 64.0%. Equity and debt are higher.
Key figures and ratios
ROE
40.9%▼
2024 · 91.6%
ROA
14.7%▼
2024 · 23.8%
Debt ≤ 1 year
€219,739▲
2024 · €196,009
Income taxes
€20,027▲
2024 · €17,565
Staff costs
€80,825▲
2024 · €74,581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €57,755 | €74,581 | €80,825 | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €632 | €879 | €879 | €879 | €879 | = |
| Other operating charges640/8 | €1,197 | €450 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | -€44,619 | -€2,466 | €108,405 | €160,475 | €168,038 | ▲ 4.7% |
| Operating profit (loss)9901 | -€46,448 | -€3,795 | €49,278 | €84,510 | €85,814 | ▲ 1.5% |
| Financial income75/76B | - | - | - | €2,296 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | - | €2,296 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €30 | €3,090 | €1,097 | €14,222 | ▲ 1,197% |
| Recurring financial charges65 | - | €30 | €3,090 | €1,097 | €14,222 | ▲ 1,197% |
| Profit (loss) for the period before taxes9903 | -€46,448 | -€3,825 | €46,189 | €85,709 | €71,592 | ▼ 16.5% |
| Income taxes67/77 | - | - | €1,200 | €17,565 | €20,027 | ▲ 14.0% |
| Profit (loss) for the period9904 | -€46,448 | -€3,825 | €44,989 | €68,143 | €51,565 | ▼ 24.3% |
| Profit (loss) for the period to be appropriated9905 | -€46,448 | -€3,825 | €44,989 | €68,143 | €51,565 | ▼ 24.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,717 | €11,299 | €160,123 | €285,905 | €349,984 | ▲ 22.4% |
| Fixed assets21/28 | €3,763 | €2,884 | €2,005 | €1,126 | €247 | ▼ 78.0% |
| Intangible fixed assets21 | - | €2,884 | €2,005 | €1,126 | €247 | ▼ 78.0% |
| Tangible fixed assets22/27 | €3,763 | - | - | - | - | - |
| Plant, machinery and equipment23 | €3,763 | - | - | - | - | - |
| Current assets29/58 | €12,954 | €8,415 | €158,118 | €284,778 | €349,737 | ▲ 22.8% |
| Amounts receivable within one year40/41 | - | - | €88,008 | €203,586 | €200,205 | ▼ 1.7% |
| Trade receivables40 | - | - | €80,615 | €150,823 | €199,239 | ▲ 32.1% |
| Other amounts receivable41 | - | - | €7,393 | €52,763 | €966 | ▼ 98.2% |
| Cash at bank and in hand54/58 | €12,954 | €8,415 | €69,524 | €80,119 | €148,456 | ▲ 85.3% |
| Deferred charges and accrued income490/1 | - | - | €586 | €1,073 | €1,076 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,717 | €11,299 | €160,123 | €285,905 | €349,984 | ▲ 22.4% |
| Equity10/15 | €15,052 | €11,228 | €56,216 | €74,360 | €125,925 | ▲ 69.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | - | - | - | €3,125 | €6,150 | ▲ 96.8% |
| Non-distributable reserves130/1 | - | - | - | €3,125 | €6,150 | ▲ 96.8% |
| Legal reserve130 | - | - | - | €3,125 | €6,150 | ▲ 96.8% |
| Profit (loss) carried forward14 | -€46,448 | -€50,272 | -€5,284 | €9,735 | €58,275 | ▲ 499% |
| Amounts payable17/49 | €1,665 | €71 | €103,907 | €211,545 | €224,059 | ▲ 5.9% |
| Amounts payable within one year42/48 | €1,665 | €71 | €92,158 | €196,009 | €219,739 | ▲ 12.1% |
| Trade debts44 | €1,004 | €71 | €75,745 | €130,945 | €148,468 | ▲ 13.4% |
| Suppliers440/4 | €1,004 | €71 | €75,745 | €130,945 | €148,468 | ▲ 13.4% |
| Taxes, remuneration and social security45 | - | - | €15,862 | €14,948 | €21,271 | ▲ 42.3% |
| Taxes450/3 | - | - | €4,738 | €4,841 | €9,202 | ▲ 90.1% |
| Remuneration and social security454/9 | - | - | €11,124 | €10,106 | €12,069 | ▲ 19.4% |
| Other amounts payable47/48 | €661 | €0 | €550 | €50,117 | €50,000 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | €11,749 | €15,536 | €4,320 | ▼ 72.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,448 | -€3,825 | €44,989 | €68,143 | €51,565 | ▼ 24.3% |
| + Depreciation and write-downs630 | €632 | €879 | €879 | €879 | €879 | = |
| Operating cash flow (approximation) | -€45,816 | -€2,946 | €45,868 | €69,022 | €52,444 | ▼ 24.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,539 | €61,110 | €10,595 | €68,337 | ▲ 545% |
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
31-08
State Gazette act
Reappointment: Grant Thomton Bedrijfsrevisoren BV (statutory auditor)Power of attorney5 facts ▸
State Gazette act
Reappointment: Grant Thomton Bedrijfsrevisoren BV (statutory auditor)
Power of attorney5 facts ▸
- General meeting, 30-06-2026
- Auditor reappointment, Grant Thomton Bedrijfsrevisoren BV (statutory auditor)
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, Maarten Lindemans
- Power of attorney, Neelke De Vriendt
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €100,000Eq €125,925 ▲69.3%
3 profitable years in a row build equity to €125,925.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €68,143 ▲51.5%
Net result €68,143, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €44,989
Net result €44,989 after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 15current ratio 118.36
Current ratio from 7.78 to 118.36; short-term debt falls from €1,665 to €71.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
CurrentStatutory auditor · since 31-08-2026 · perm. rep.: Stefaan De Coninck
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Ground area
2,108 m²
Building footprint
275 m²
Volume, LiDAR
7,543 m³
Parcel 11808H1175/00G009, Flanders · tallest building 32.9 m, ±10 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
SIACI UNDERWRITING
since 20202.309.524.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1175/00G009 | Flanders | 2,108 m² | 1 · 275 m² | 32.9 m · 10 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES |
|
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 2,779 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
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Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.