SIAM MARKET
The computed 12-month bankruptcy probability of SIAM MARKET is 5.2% (elevated). The 2024 annual accounts show negative equity (€-17k) and a net result of €-49k. Equity is shrinking by ~88% per year across the filed fiscal years. Its solvency ranks better than 25% of 6722 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-17k |
| Net result | €-49k |
| Staff (FTE) | 5 |
| Better than sector | 25% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -4.0% | 20.4% | |
| Net result | €-49k | €4k | |
| Equity | €-17k | €16k | |
| Gross operating margin | €104k | €24k | |
| Staff costs | €107k | €33k |
Show 12 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €1.10M |
| EBITDA | €-4k |
| Net profit | €-49k |
| Cash flow | €-5k |
| Staff costs | €107k |
| Income taxes | - |
| Dividends | - |
| Total assets | €435k |
| Equity | €-17k |
| Debt | €453k |
| of which ≤ 1y | €453k |
| of which > 1y | - |
| Working capital | €-167k |
| Employees (FTE) | 5.0 |
| 2024 | |
|---|---|
| Current ratio | 0.63 |
| Quick ratio | 0.07 |
| Working capital ratio | -38.4% |
| Solvency | -4.0% |
| Debt / equity | -25.96 |
| Long-term debt ratio | - |
| Interest coverage | -4.57 |
| Gross margin | 7.1% |
| Net margin | -4.5% |
| ROA | -11.3% |
| ROE | 282.1% |
| EBITDA margin | -0.3% |
| Days sales outstanding | 0d |
| Days payable outstanding | 135d |
| Inventory turnover | 4.02 |
| Days inventory (DSI) | 91d |
Full annual accounts (21 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €435k |
| Fixed assets | 21/28 | €150k |
| Tangible fixed assets | 22/27 | €150k |
| Current assets | 29/58 | €286k |
| Stocks & contracts in progress | 3 | €255k |
| Amounts receivable within one year | 40/41 | €27k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €435k |
| Equity | 10/15 | €-17k |
| Contributions / capital | 10/11 | €15k |
| Accumulated profits (losses) | 14 | €-32k |
| Amounts payable | 17/49 | €453k |
| Amounts payable within one year | 42/48 | €453k |
| Trade debts payable within one year | 44 | €379k |
| Income statement | ||
| Turnover | 70 | €1.10M |
| Gross operating margin | 9900 | €104k |
| Operating result | 9901 | €-48k |
| Financial charges | 65 | €834 |
| Result before taxes | 9903 | €-49k |
| Net result for the period | 9904 | €-49k |
| Result to be appropriated | 9905 | €-49k |
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 09-06-2021 |
| Status | Active |
| Postal code | 1080 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0069/02A005 | Brussels | 310 m² | 1 · 243 m² | 10.9 m · 2 fl. |
| 21304B0015/00B004 | Brussels | 134 m² | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
18-08-2026 Act object · Judicial annulment
- Act object: Rapportage de la dissolution judiciaire par jugement du 30 juillet 2026 · Siam Market
- Publication: 2026-08-18 · Siam Market
- Filing: 2026-08-11 · Siam Market
- Judicial annulment: annulled_date: 2026-06-04, annulled_event: dissolution judiciaire, annulment_date: 2026-07-30 · Siam Market
Technical details
{
"facts": [
{
"date": "2026-07-30",
"type": "act_object",
"quote": "Objet de l\u0027acte: Rapportage de la dissolution judiciaire par jugement du 30 juillet 2026",
"value": "Rapportage de la dissolution judiciaire par jugement du 30 juillet 2026",
"object": null,
"subject": "e1"
},
{
"date": "2026-08-18",
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 18/08/2026 - Annexes du Moniteur belge",
"value": "2026-08-18",
"object": null,
"subject": "e1"
},
{
"date": "2026-08-11",
"type": "filing",
"quote": "D\u00E9pos\u00E9 /Re\u00E7u le 11 AOUT 2026 au greffe du tribunal de l\u0027entreprise francophone deelles",
"value": "2026-08-11",
"object": null,
"subject": "e1"
},
{
"type": "judicial_annulment",
"quote": "Par jugement du 30 juillet 2026, la dissolution judiciaire de la SRL Siam Market, BCE 0769.506.443, dont le si\u00E8ge social est situ\u00E9 \u00E0 1080 Bruxelles, Avenue de la Libert\u00E9, 175, prononc\u00E9e par jugement du tribunal de l\u0027entreprise francophone de Bruxelles du 04 juin 2026, a \u00E9t\u00E9 r\u00E9tract\u00E9e.",
"value": {
"annulled_date": "2026-06-04",
"annulled_event": "dissolution judiciaire",
"annulment_date": "2026-07-30"
},
"object": null,
"subject": "e1"
}
],
"act_meta": {
"outcome": "clean",
"model_id": 53,
"verified": true,
"extractor": "verified-v1",
"ocr_chars": 1110,
"truncated": false
},
"entities": [
{
"id": "e1",
"kbo": "0769.506.443",
"kind": "company",
"name": "Siam Market",
"attrs": {
"seat": "avenue de la Libert\u00E9 175, 1080 Molenbeek-Saint-Jean",
"legal_form": "SRL"
}
}
]
}12-05-2026 General meeting · Seat change · Officer appointment · Act object
- Publication: 2026-05-12 · SIAM MARKET
- Filing: 2026-05-05 · SIAM MARKET
- General meeting: date: 2026-04-02, type: extraordinaire · SIAM MARKET
- Seat change: new: 175, Avenue de la Liberté - 1080 Molenbeek-Saint-Jean, old: Chaussée de Ninove 426-430 1070 Bruxelles, effective_date: 2026-04-02 · SIAM MARKET
- Officer appointment: role: Administrateur · BOUIHROUCHANE Youssf
- Act object: TRANSFERT DE SIEGE SOCIAL
Technical details
{
"facts": [
{
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 12/05/2026 - Annexes du Moniteur belge",
"value": "2026-05-12",
"object": null,
"subject": "e1"
},
{
"type": "filing",
"quote": "Depsse/Re\u00E7u le 05 MAI 2026 au greffe du tribunal de l\u0027entreprise francoplione de Brugre",
"value": "2026-05-05",
"object": null,
"subject": "e1"
},
{
"type": "general_meeting",
"quote": "l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire du 02/04/2026",
"value": {
"date": "2026-04-02",
"type": "extraordinaire"
},
"object": null,
"subject": "e1"
},
{
"type": "seat_change",
"quote": "a d\u00E9cid\u00E9 le transfert de si\u00E8ge social au 175, Avenue de la Libert\u00E9 - 1080 Molenbeek-Saint-Jean, et ce \u00E0 partir du 02/04/2026.",
"value": {
"new": "175, Avenue de la Libert\u00E9 - 1080 Molenbeek-Saint-Jean",
"old": "Chauss\u00E9e de Ninove 426-430 1070 Bruxelles",
"effective_date": "2026-04-02"
},
"object": null,
"subject": "e1"
},
{
"type": "officer_appointment",
"quote": "BOUIHROUCHANE Youssf Administrateur",
"value": {
"role": "Administrateur"
},
"object": "e1",
"subject": "e2"
},
{
"type": "act_object",
"quote": "Objet de l\u0027acte: TRANSFERT DE SIEGE SOCIAL",
"value": "TRANSFERT DE SIEGE SOCIAL",
"object": null,
"subject": null
}
],
"act_meta": {
"model_id": 40,
"extractor": "open-capture-27b-v3",
"ocr_chars": 1125,
"truncated": false,
"needs_verify": true
},
"entities": [
{
"id": "e1",
"kbo": "0769.506.443",
"kind": "company",
"name": "SIAM MARKET",
"attrs": {
"new_seat": "175, Avenue de la Libert\u00E9 - 1080 Molenbeek-Saint-Jean",
"old_seat": "Chauss\u00E9e de Ninove 426-430 1070 Bruxelles",
"legal_form": "SRL"
}
},
{
"id": "e2",
"kbo": null,
"kind": "person",
"name": "BOUIHROUCHANE Youssf",
"attrs": {
"role": "Administrateur"
}
}
]
}11-06-2021 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "1070 Anderlecht, Chauss\u00E9e de Ninove 426-430",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1981-10-01",
"name": "BOUIHROUCHANE Habib",
"niss": null,
"address": "1080 Molenbeek-Saint-Jean"
},
"share_class": "actions",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "BOUIHROUCHANE Habib",
"is_subscriber_only": true,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 7500,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1971-03-01",
"name": "BOUIHROUCHANE Youssf",
"niss": null,
"address": "1070 Anderlecht Chauss\u00E9e de Mons 93"
},
"share_class": "actions",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "BOUIHROUCHANE Youssf",
"is_subscriber_only": true,
"n_shares_subscribed": 25,
"amount_subscribed_eur": 3750,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1998-10-01",
"name": "BOUIHROUCHANE Ilias",
"niss": null,
"address": "1120 Neder-over-Heembeek, Rue des Pr\u00E9s Communs 47"
},
"share_class": "actions",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "BOUIHROUCHANE Ilias",
"is_subscriber_only": true,
"n_shares_subscribed": 25,
"amount_subscribed_eur": 3750,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 15000,
"subject_company": {
"kbo": "0769.506.443",
"name_full": "SIAM MARKET",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-06-08",
"post_incorporation_mandates": []
}| Legal nameFR | SIAM MARKET |