SIAM
ActiveSummary
The computed 12-month bankruptcy probability of SIAM is 2.8% (moderate). 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 Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 19 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €4,775 in 2024 against €1,250 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,000 | €10,833 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,660 | €14,277 | - | €237 | - |
| Gross operating margin9900 | -€2,635 | €3,469 | €48,614 | €8,764 | -€37,903 | -€1,250 | -€4,538 | ▼ 263% |
| Operating profit (loss)9901 | -€20,435 | -€8,990 | €38,853 | €7,104 | -€52,179 | -€1,250 | -€4,775 | ▼ 282% |
| Financial income75/76B | - | - | - | - | €50 | - | - | - |
| Recurring financial income75 | €25 | €337 | €114 | - | €50 | - | - | - |
| Financial charges65/66B | - | - | - | €189 | €222 | €111,729 | €122 | ▼ 99.9% |
| Recurring financial charges65 | €1,232 | €5,387 | €21,688 | €189 | €222 | €111,729 | €122 | ▼ 99.9% |
| Profit (loss) for the period before taxes9903 | -€21,642 | -€14,040 | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Profit (loss) for the period9904 | -€21,642 | -€14,040 | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Profit (loss) for the period to be appropriated9905 | -€21,642 | -€14,040 | €17,280 | €6,915 | -€52,351 | -€112,979 | -€4,897 | ▲ 95.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.2m | €1.6m | €0.01m | €0.04m | €4.6m | €415 | €429 | ▲ 3.4% |
| Fixed assets21/28 | €0.1m | €1.5m | €272 | €272 | €271 | €271 | €271 | = |
| Intangible fixed assets21 | €0.01m | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.1m | €1.5m | €272 | €272 | €271 | €271 | €271 | = |
| Current assets29/58 | €0.07m | €0.07m | €0.01m | €0.04m | €4.6m | €144 | €158 | ▲ 9.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.006m | €4.6m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.006m | €4.6m | - | - | - |
| Stocks and contracts in progress3 | €0.002m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.01m | €0.03m | - | - | - | - |
| Trade receivables40 | - | - | - | €0.02m | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.007m | - | - | - | - |
| Current investments50/53 | €0.02m | €0.02m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €78 | €242 | €131 | €140 | €158 | ▲ 12.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €4 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.2m | €1.6m | €0.01m | €0.04m | €4.6m | €415 | €429 | ▲ 3.4% |
| Equity10/15 | -€0.008m | -€0.02m | -€0.005m | €0.002m | -€0.05m | -€0.2m | -€0.2m | ▼ 3.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.07m | -€0.08m | -€0.07m | -€0.06m | -€0.1m | -€0.2m | -€0.2m | ▼ 2.2% |
| Amounts payable17/49 | €0.2m | €1.6m | €0.02m | €0.03m | €4.6m | €0.2m | €0.2m | ▲ 3.0% |
| Amounts payable after more than one year17 | €0.02m | €0.005m | - | €0.03m | €4.6m | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.03m | €4.6m | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €1.6m | €0.02m | €0.002m | €0.001m | €0.2m | €0.2m | ▲ 3.0% |
| Trade debts44 | €0.05m | €0.06m | - | €0.001m | €0.001m | - | €3 | - |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | - | €3 | - |
| Other amounts payable47/48 | - | - | - | €0.001m | - | €0.2m | €0.2m | ▲ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.02m | -€0.01m | €0.02m | €0.007m | -€0.05m | -€0.1m | -€0.005m | ▲ 95.7% |
| + Depreciation and write-downs630 | €0.01m | €0.01m | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€0.009m | -€0.003m | €0.02m | €0.007m | -€0.05m | -€0.1m | -€0.005m | ▲ 95.7% |
| Investment in fixed assets (approximation) | - | -€1.4m | €1.5m | €0 | €1 | €0 | €0 | - |
| Change in cash | - | -€0.001m | -€0.03m | €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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 08-10-2025 | 2025-00542224 |
| 31-12-2023 | micro format | 23-10-2024 | 2024-00512273 |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00321616 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20387154 |
| 31-12-2020 | micro format | 27-10-2021 | 2021-73800425 |
| 31-12-2019 | micro format | 02-09-2020 | 2020-50300596 |
| 31-12-2018 | micro format | 04-11-2019 | 2019-73100420 |
| 31-12-2017 | micro format | 08-10-2018 | 2018-69000157 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59900173 |
| 31-12-2015 | full format | 31-08-2016 | 2016-58800053 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.