SIBCO SYSTEMS
InactiveSIBCO SYSTEMS was declared bankrupt on 25-01-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 20-01-2026, published in the Belgian State Gazette on 26-01-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 23-02-2022, 572 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
572 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, abbreviated schema
Equity
€1.21M▲ 50.2%
2018 · €807k
2018: €807k
2018 → 2019
Total assets
€2.52M▲ 21.0%
2018 · €2.08M
2018: €2.08M
2018 → 2019
Net result
€405k
2018 · €-95k
2018: €-95k
2018 → 2019
Working capital
€2.27M▲ 609%
2018 · €320k
2018: €320k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€807k-€1.21M▲ 50.2%
Operating result€-58k-€603k
Net result€-95k-€405k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €603k after a loss of €58k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €2.52M
Fixed assets
€50k▼ 96.9%
Current assets
€2.47M▲ 402%
Equity and liabilities €2.52M
Equity
€1.21M▲ 50.2%
Provisions
€167k
Debt
€1.14M▼ 10.6%
The debt ratio falls from 61.2% to 45.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€611k▲
2018 · €8k
Cash flow
€413k▲
2018 · €-29k
Solvency
48.1%▲
2018 · 38.8%
Current ratio
12.29▲
2018 · 2.85
Quick ratio
12.29▲
2018 · 2.85
Debt / equity
0.77▼
2018 · 1.37
ROE
33.4%▲
2018 · -11.7%
ROA
16.1%▲
2018 · -4.5%
Debt
€1.14M▼
2018 · €1.27M
Debt ≤ 1 year
€201k▲
2018 · €172k
Debt > 1 year
€938k▼
2018 · €1.10M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€2.08M€2.52M▲
Fixed assets21/28€1.59M€50k▼
Tangible fixed assets22/27€1.59M€50k▼
Current assets29/58€492k€2.47M▲
Amounts receivable within one year40/41€23k€362k▲
Current investments50/53€454k€2.10M▲
Cash at bank and in hand54/58€15k€10k▼
Equity and liabilities
Total equity and liabilities10/49€2.08M€2.52M▲
Equity10/15€807k€1.21M▲
Contributions10/11€25k€25k=
Reserves13€142k€644k▲
Profit (loss) carried forward14€640k€543k▼
Provisions and deferred taxes16-€167k
Amounts payable17/49€1.27M€1.14M▼
Amounts payable after more than one year17€1.10M€938k▼
Amounts payable within one year42/48€172k€201k▲
Trade debts44€17k€37k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€8k▼
Gross operating margin9900€22k€625k▲
Operating profit (loss)9901€-58k€603k▲
Recurring financial income75€11k€12k▲
Recurring financial charges65€48k€42k▼
Profit (loss) for the period before taxes9903€-95k€572k▲
Profit (loss) for the period9904€-95k€405k▲
Profit (loss) for the period to be appropriated9905€-95k€-97k▼
Timeline · acts, filings and financial milestones
2026
26-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SIBCO SYSTEMS BVBA DIKSMUIDELAAN 189/2, 2600 BERCHEM (ANTWERPEN) · event 20-01-2026
2024
31-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SIBCO SYSTEMS BVBA DIKS- MUIDELAAN 189/2, 2600 BERCHEM (ANTWERPEN) · event 25-01-2024
2022
15-03
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SIBCO SYSTEMS BV DIKSMUIDELAAN 189/2, 2600 BERCHEM (ANTWERPEN) · event 10-03-2022
23-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 572 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 938 days late
2021
15-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SIBCO SYSTEMS BV DIKSMUI- DELAAN 189/2, 2600 BERCHEM (ANTWERPEN) · event 09-12-2021
2019
31-12
Financial
Back to profitnet €405k
Net result €405k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 12.29
Current ratio from 2.85 to 12.29.
31-12
Financial
Equity above €1MEq €1.21M ▲50.2%
Equity rises from €807k to €1.21M.
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-05
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
15-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ERIK GREEVE KONINKLIJKELAAN 60, 2600 BERCHEM
(ANTWERPEN) |
25-01-2024 → present |
| Curator | THOMAS DEBAENE KONINKLIJKE LAAN 60, 2600 BERCHEM (ANTWERPEN)- |
25-01-2024 → present |