SIAM
ActiveSummary
The computed 12-month bankruptcy probability of SIAM is 4.5% (elevated). The 2024 annual accounts show negative equity (-€168,139) and a net result of -€4,897. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Age of the figures
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€168,139
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
84 d late
2022
8 d late
2021
31 d late
2020
88 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 52 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€168,139▼ 3.0%
2023 · -€163,242
Total assets
€429▲ 3.4%
2023 · €415
Net result
-€4,897▲ 95.7%
2023 · -€112,979
Working capital
-€168,410▼ 3.0%
2023 · -€163,513
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
Line20202021202220232024
Operating result€38,853€7,104▼ 81.7%-€52,179-€1,250▲ 97.6%-€4,775▼ 282%
Net result€17,280€6,915▼ 60.0%-€52,351-€112,979▼ 116%-€4,897▲ 95.7%
Equity-€4,827▲ 78.2%€2,088-€50,263-€163,242▼ 225%-€168,139▼ 3.0%
Total assets€12,739▼ 99.2%€36,330▲ 185%€4.6m▲ 12,506%€415▼ 100.0%€429▲ 3.4%
Debt€17,565▼ 98.9%€34,242▲ 94.9%€4.6m▲ 13,422%€163,657▼ 96.5%€168,569▲ 3.0%
Working capital-€5,099▲ 99.7%€34,523€4.6m▲ 13,163%-€163,513-€168,410▼ 3.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,775 in 2024 against €1,250 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €429
Fixed assets
€271 =
Current assets
€158 ▲ 9.8%
Key figures and ratios
Debt ≤ 1 year
€168,569▲
2023 · €163,657
Ratios withheld: a balance sheet total of €429 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,660 | €14,277 | - | €237 | - |
| Gross operating margin9900 | €48,614 | €8,764 | -€37,903 | -€1,250 | -€4,538 | ▼ 263% |
| Operating profit (loss)9901 | €38,853 | €7,104 | -€52,179 | -€1,250 | -€4,775 | ▼ 282% |
| Financial income75/76B | - | - | €50 | - | - | - |
| Recurring financial income75 | €114 | - | €50 | - | - | - |
| Financial charges65/66B | - | €189 | €222 | €111,729 | €122 | ▼ 99.9% |
| Recurring financial charges65 | €21,688 | €189 | €222 | €111,729 | €122 | ▼ 99.9% |
| Profit (loss) for the period before taxes9903 | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Profit (loss) for the period9904 | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Profit (loss) for the period to be appropriated9905 | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,739 | €36,330 | €4.6m | €415 | €429 | ▲ 3.4% |
| Fixed assets21/28 | €272 | €272 | €271 | €271 | €271 | = |
| Financial fixed assets28 | €272 | €272 | €271 | €271 | €271 | = |
| Current assets29/58 | €12,467 | €36,058 | €4.6m | €144 | €158 | ▲ 9.8% |
| Amounts receivable after more than one year29 | - | €6,208 | €4.6m | - | - | - |
| Other amounts receivable291 | - | €6,208 | €4.6m | - | - | - |
| Amounts receivable within one year40/41 | €12,389 | €29,608 | - | - | - | - |
| Trade receivables40 | - | €22,754 | - | - | - | - |
| Other amounts receivable41 | - | €6,854 | - | - | - | - |
| Cash at bank and in hand54/58 | €78 | €242 | €131 | €140 | €158 | ▲ 12.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,739 | €36,330 | €4.6m | €415 | €429 | ▲ 3.4% |
| Equity10/15 | -€4,827 | €2,088 | -€50,263 | -€163,242 | -€168,139 | ▼ 3.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€66,827 | -€59,912 | -€112,263 | -€225,242 | -€230,139 | ▼ 2.2% |
| Amounts payable17/49 | €17,565 | €34,242 | €4.6m | €163,657 | €168,569 | ▲ 3.0% |
| Amounts payable after more than one year17 | - | €32,707 | €4.6m | - | - | - |
| Other amounts payable178/9 | - | €32,707 | €4.6m | - | - | - |
| Amounts payable within one year42/48 | €17,565 | €1,535 | €641 | €163,657 | €168,569 | ▲ 3.0% |
| Trade debts44 | - | €1,035 | €641 | - | €3 | - |
| Suppliers440/4 | - | €1,035 | €641 | - | €3 | - |
| Other amounts payable47/48 | - | €500 | - | €163,657 | €168,566 | ▲ 3.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Operating cash flow (approximation) | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Investment in fixed assets (approximation) | - | €0 | €1 | €0 | €0 | - |
| Change in cash | - | €164 | -€111 | €9 | €18 | ▲ 92.1% |
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
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
31-12
Financial
Weakest financial yearnet -€112,979
Net result drops to -€112,979, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Liquidity times 304current ratio 7149.10
Current ratio from 23.49 to 7149.10; short-term debt falls from €1,535 to €641.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity times 33current ratio 23.49
Current ratio from 0.71 to 23.49; short-term debt falls from €17,565 to €1,535.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €17,280
Net result €17,280 after 2 loss-making years.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 96 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 69 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 · 1 establishment unit since 2009
Ground area
691 m²
Building footprint
691 m²
Volume, LiDAR
3,966 m³
Parcel 21305C0329/00F007, Brussels · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIAM
since 20092.182.837.520
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0329/00F007 | Brussels | 691 m² | 1 · 691 m² | 9.2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded26-10-2009
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820045621
Also
9925:BE0820045621
Registered
07-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.