Siatec
ActiveSummary
The computed 12-month bankruptcy probability of Siatec is 3.4% (moderate). The 2025 annual accounts show negative equity (€-95k) and a net result of €-208k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 27965 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
Score 2025
Axes · tick = 2024
Profitability0▼-8
Solvency9▼-43
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.07 against 1.14 in 2024; short-term debt: 79.3% and cash: 5.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-15.7%
Return on assets
-34.5%
Age of the figures
18 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-95k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
2 d late
2022
3 d early
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-95k
2024 · €113k
2021: €9k
2022: €40k▲ +335% vs 2021
2023: €145k▲ +259% vs 2022highest in 5 years
2024: €113k▼ -21.6% vs 2023
2025: €-95k▼ -183% vs 2024lowest in 5 years
2021 → 2025
Total assets
€603k▲ 45.9%
2024 · €414k
2021: €52klowest in 5 years
2022: €114k▲ +119% vs 2021
2023: €322k▲ +181% vs 2022
2024: €414k▲ +28.6% vs 2023
2025: €603k▲ +45.9% vs 2024highest in 5 years
2021 → 2025
Net result
€-208k▼ 512%
2024 · €-34k
2021: €7k
2022: €31k▲ +327% vs 2021
2023: €104k▲ +236% vs 2022highest in 5 years
2024: €-34k▼ -133% vs 2023
2025: €-208k▼ -512% vs 2024lowest in 5 years
2021 → 2025
Working capital
€32k▼ 25.2%
2024 · €43k
2021: €5klowest in 5 years
2022: €34k▲ +533% vs 2021
2023: €128k▲ +272% vs 2022highest in 5 years
2024: €43k▼ -66.3% vs 2023
2025: €32k▼ -25.2% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€40k▲ 335%€145k▲ 259%€113k▼ 21.6%€-95k
2021: €9k
2022: €40k▲ +335% vs 2021
2023: €145k▲ +259% vs 2022highest in 5 years
2024: €113k▼ -21.6% vs 2023
2025: €-95k▼ -183% vs 2024lowest in 5 years
Operating result€10k-€40k▲ 304%€142k▲ 255%€-27k€-184k▼ 574%
2021: €10k
2022: €40k▲ +304% vs 2021
2023: €142k▲ +255% vs 2022highest in 5 years
2024: €-27k▼ -119% vs 2023
2025: €-184k▼ -574% vs 2024lowest in 5 years
Net result€7k-€31k▲ 327%€104k▲ 236%€-34k€-208k▼ 512%
2021: €7k
2022: €31k▲ +327% vs 2021
2023: €104k▲ +236% vs 2022highest in 5 years
2024: €-34k▼ -133% vs 2023
2025: €-208k▼ -512% vs 2024lowest in 5 years
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 €184k in 2025 against €27k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €603k
Fixed assets
€93k ▲ 32.0%
Current assets
€511k ▲ 48.7%
Key figures and ratios
EBITDA
€-164k▼
2024 · €-18k
Cash flow
€-188k▼
2024 · €-25k
Solvency
-15.7%▼
2024 · 27.4%
Current ratio
1.07▼
2024 · 1.14
Debt to equity
-7.38▼
2024 · 2.65
ROA
-34.5%▼
2024 · -8.2%
Interest coverage
-7.04▼
2024 · -4.16
Debt
€698k▲
2024 · €300k
Debt ≤ 1 year
€478k▲
2024 · €300k
Debt > 1 year
€220k
Income taxes
€1k▼
2024 · €2k
Staff costs
€303k▼
2024 · €405k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€414k€603k▲
Fixed assets21/28€70k€93k▲
Intangible fixed assets21€22k€51k▲
Tangible fixed assets22/27€49k€42k▼
Plant, machinery and equipment23€45k€40k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€343k€511k▲
Amounts receivable within one year40/41€265k€465k▲
Trade receivables40€134k€327k▲
Other amounts receivable41€131k€138k▲
Cash at bank and in hand54/58€76k€35k▼
Deferred charges and accrued income490/1€3k€11k▲
Equity and liabilities
Total equity and liabilities10/49€414k€603k▲
Equity10/15€113k€-95k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€111k€-97k▼
Amounts payable17/49€300k€698k▲
Amounts payable after more than one year17-€220k
Financial debts170/4-€20k
Other amounts payable178/9-€200k
Amounts payable within one year42/48€300k€478k▲
Current portion of amounts payable after more than one year42€46k-
Financial debts43€50k€100k▲
Credit institutions430/8€50k€100k▲
Trade debts44€102k€332k▲
Suppliers440/4€102k€332k▲
Taxes, remuneration and social security45€80k€24k▼
Taxes450/3€19k€5k▼
Remuneration and social security454/9€61k€19k▼
Other amounts payable47/48€23k€22k▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€405k€303k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€114k-
Other operating charges640/8€9k€7k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€509k€149k▼
Operating profit (loss)9901€-27k€-184k▼
Financial income75/76B€154€387▲
Recurring financial income75€154€387▲
Financial charges65/66B€4k€23k▲
Recurring financial charges65€4k€23k▲
Profit (loss) for the period before taxes9903€-32k€-207k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€-34k€-208k▼
Profit (loss) for the period to be appropriated9905€-34k€-208k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€-97k▼
Profit (loss) brought forward from the previous period14P€145k€111k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4k | - |
| Remuneration, social security and pensions62 | - | €14k | €193k | €405k | €303k | ▼ 25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €494 | €1k | €2k | €9k | €20k | ▲ 117% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €114k | - | - |
| Other operating charges640/8 | - | €583 | €4k | €9k | €7k | ▼ 19.3% |
| Non-recurring operating charges66A | - | - | - | - | €3k | - |
| Gross operating margin9900 | €10k | €56k | €341k | €509k | €149k | ▼ 70.7% |
| Operating profit (loss)9901 | €10k | €40k | €142k | €-27k | €-184k | ▼ 574% |
| Financial income75/76B | - | €4 | €131 | €154 | €387 | ▲ 152% |
| Recurring financial income75 | - | €4 | €131 | €154 | €387 | ▲ 152% |
| Financial charges65/66B | - | €165 | €3k | €4k | €23k | ▲ 433% |
| Recurring financial charges65 | €189 | €165 | €3k | €4k | €23k | ▲ 433% |
| Profit (loss) for the period before taxes9903 | €10k | €40k | €139k | €-32k | €-207k | ▼ 557% |
| Income taxes67/77 | €2k | €9k | €35k | €2k | €1k | ▼ 54.7% |
| Profit (loss) for the period9904 | €7k | €31k | €104k | €-34k | €-208k | ▼ 512% |
| Profit (loss) for the period to be appropriated9905 | €7k | €31k | €104k | €-34k | €-208k | ▼ 512% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52k | €114k | €322k | €414k | €603k | ▲ 45.9% |
| Fixed assets21/28 | €4k | €6k | €17k | €70k | €93k | ▲ 32.0% |
| Intangible fixed assets21 | - | - | €4k | €22k | €51k | ▲ 136% |
| Tangible fixed assets22/27 | €2k | €4k | €11k | €49k | €42k | ▼ 13.9% |
| Plant, machinery and equipment23 | - | €3k | €6k | €45k | €40k | ▼ 9.9% |
| Furniture and vehicles24 | - | €1k | €5k | €4k | €2k | ▼ 59.1% |
| Financial fixed assets28 | €2k | €2k | €2k | - | - | - |
| Current assets29/58 | €48k | €108k | €305k | €343k | €511k | ▲ 48.7% |
| Amounts receivable within one year40/41 | €34k | €49k | €174k | €265k | €465k | ▲ 75.8% |
| Trade receivables40 | - | €49k | €174k | €134k | €327k | ▲ 144% |
| Other amounts receivable41 | - | - | - | €131k | €138k | ▲ 5.6% |
| Cash at bank and in hand54/58 | €13k | €59k | €129k | €76k | €35k | ▼ 54.2% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €3k | €11k | ▲ 305% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52k | €114k | €322k | €414k | €603k | ▲ 45.9% |
| Equity10/15 | €9k | €40k | €145k | €113k | €-95k | ▼ 183% |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €7k | €38k | €143k | €111k | €-97k | ▼ 187% |
| Amounts payable17/49 | €43k | €74k | €177k | €300k | €698k | ▲ 132% |
| Amounts payable after more than one year17 | - | - | - | - | €220k | - |
| Financial debts170/4 | - | - | - | - | €20k | - |
| Other amounts payable178/9 | - | - | - | - | €200k | - |
| Amounts payable within one year42/48 | €43k | €74k | €177k | €300k | €478k | ▲ 59.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €46k | - | - |
| Financial debts43 | - | - | - | €50k | €100k | ▲ 100% |
| Credit institutions430/8 | - | - | - | €50k | €100k | ▲ 100% |
| Trade debts44 | €399 | €19k | €61k | €102k | €332k | ▲ 227% |
| Suppliers440/4 | - | €19k | €61k | €102k | €332k | ▲ 227% |
| Taxes, remuneration and social security45 | - | €15k | €91k | €80k | €24k | ▼ 70.0% |
| Taxes450/3 | - | €10k | €56k | €19k | €5k | ▼ 75.7% |
| Remuneration and social security454/9 | - | €6k | €35k | €61k | €19k | ▼ 68.3% |
| Other amounts payable47/48 | - | €40k | €25k | €23k | €22k | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €31k | €104k | €-34k | €-208k | ▼ 512% |
| + Depreciation and write-downs630 | €494 | €1k | €2k | €9k | €20k | ▲ 117% |
| Operating cash flow (approximation) | €8k | €32k | €107k | €-25k | €-188k | ▼ 657% |
| Investment in fixed assets (approximation) | - | €-3k | €-14k | €-62k | €-42k | ▲ 32.4% |
| Change in cash | - | €46k | €71k | €-53k | €-41k | ▲ 22.6% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-208k
Net result drops to €-208k, the lowest in the series.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
31-03
Financial
Highest result since 2021net €104k ▲236%
Operating result €142k, net result €104k, both a record.
31-03
Financial
Equity above €100kEq €145k ▲259%
3 profitable years in a row build equity to €145k.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mol · 1 establishment unit since 2020
Ground area
538 m²
Building footprint
119 m²
Volume, LiDAR
497 m³
Parcel 13025G0680/00K009, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Siatec
since 20202.300.562.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0680/00K009 | Flanders | 538 m² | 1 · 119 m² | 8.1 m · 1 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
2022 to 2025 · 9 entries · 57,739 EUR awarded · 57,514 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 5,118 EUR | 24,667 EUR |
| 2024 | 3 | 6,827 EUR | 26,329 EUR |
| 2023 | 2 | 45,272 EUR | 6,104 EUR |
| 2022 | 1 | 522 EUR | 414 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,761 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
Founded25-03-2020
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
71121Engineering and related technical consultancy, excluding land surveyors
27120Manufacture of electrical equipment
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.