SIBE Group
ActiveSummary
The computed 12-month bankruptcy probability of SIBE Group is 3.7% (moderate). The 2024 annual accounts show negative equity (€-80k) and a net result of €4k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability42▲+39
Solvency14▲+2
Growth78
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.2 against 1.27 in 2023; short-term debt: 49.8% and cash: 0.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four 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 · 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 2024Solvency, return and age of the figures
Solvency
-10.8%
Return on assets
0.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-80k▲ 4.8%
2023 · €-84k
2023: €-84k
2024: €-80k▲ +4.8% vs 2023
2023 → 2024
Total assets
€738k▲ 10.2%
2023 · €669k
2023: €669k
2024: €738k▲ +10.2% vs 2023
2023 → 2024
Net result
€4k
2023 · €-87k
2023: €-87k
2024: €4k▲ +105% vs 2023
2023 → 2024
Working capital
€74k▼ 3.8%
2023 · €76k
2023: €76k
2024: €74k▼ -3.8% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€-84k-€-80k▲ 4.8%
2023: €-84k
2024: €-80k▲ +4.8% vs 2023
Operating result€-64k-€11k
2023: €-64k
2024: €11k▲ +118% vs 2023
Net result€-87k-€4k
2023: €-87k
2024: €4k▲ +105% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11k after a loss of €64k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €738k
Fixed assets
€297k ▼ 2.7%
Current assets
€441k ▲ 21.1%
Key figures and ratios
EBITDA
€20k▲
2023 · €-55k
Cash flow
€12k▲
2023 · €-78k
Solvency
-10.8%▲
2023 · -12.5%
Current ratio
1.20▼
2023 · 1.27
Quick ratio
0.02▼
2023 · 0.05
Debt to equity
-10.26▼
2023 · -9.00
ROA
0.5%▲
2023 · -13.0%
Interest coverage
2.68▲
2023 · -2.41
Debt
€817k▲
2023 · €753k
Debt ≤ 1 year
€367k▲
2023 · €287k
Debt > 1 year
€450k▼
2023 · €465k
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 · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€669k€738k▲
Fixed assets21/28€305k€297k▼
Tangible fixed assets22/27€305k€297k▼
Land and buildings22€305k€297k▼
Current assets29/58€364k€441k▲
Stocks and contracts in progress3€348k€435k▲
Stocks30/36€348k€435k▲
Amounts receivable within one year40/41-€3k
Trade receivables40-€3k
Cash at bank and in hand54/58€15k€3k▼
Equity and liabilities
Total equity and liabilities10/49€669k€738k▲
Equity10/15€-84k€-80k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-87k€-83k▲
Amounts payable17/49€753k€817k▲
Amounts payable after more than one year17€465k€450k▼
Financial debts170/4€465k€450k▼
Amounts payable within one year42/48€287k€367k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€21k€88k▲
Suppliers440/4€21k€88k▲
Other amounts payable47/48€252k€263k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-53k€21k▲
Operating profit (loss)9901€-64k€11k▲
Financial charges65/66B€23k€7k▼
Recurring financial charges65€23k€7k▼
Profit (loss) for the period before taxes9903€-87k€4k▲
Profit (loss) for the period9904€-87k€4k▲
Profit (loss) for the period to be appropriated9905€-87k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-83k▲
Profit (loss) brought forward from the previous period14P-€-87k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | ▼ 5.3% |
| Other operating charges640/8 | €2k | €1k | ▼ 20.1% |
| Gross operating margin9900 | €-53k | €21k | ▲ 140% |
| Operating profit (loss)9901 | €-64k | €11k | ▲ 118% |
| Financial charges65/66B | €23k | €7k | ▼ 68.0% |
| Recurring financial charges65 | €23k | €7k | ▼ 68.0% |
| Profit (loss) for the period before taxes9903 | €-87k | €4k | ▲ 105% |
| Profit (loss) for the period9904 | €-87k | €4k | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €-87k | €4k | ▲ 105% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €669k | €738k | ▲ 10.2% |
| Fixed assets21/28 | €305k | €297k | ▼ 2.7% |
| Tangible fixed assets22/27 | €305k | €297k | ▼ 2.7% |
| Land and buildings22 | €305k | €297k | ▼ 2.7% |
| Current assets29/58 | €364k | €441k | ▲ 21.1% |
| Stocks and contracts in progress3 | €348k | €435k | ▲ 24.8% |
| Stocks30/36 | €348k | €435k | ▲ 24.8% |
| Amounts receivable within one year40/41 | - | €3k | - |
| Trade receivables40 | - | €3k | - |
| Cash at bank and in hand54/58 | €15k | €3k | ▼ 80.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €669k | €738k | ▲ 10.2% |
| Equity10/15 | €-84k | €-80k | ▲ 4.8% |
| Contributions10/11 | €3k | €3k | = |
| Profit (loss) carried forward14 | €-87k | €-83k | ▲ 4.6% |
| Amounts payable17/49 | €753k | €817k | ▲ 8.6% |
| Amounts payable after more than one year17 | €465k | €450k | ▼ 3.3% |
| Financial debts170/4 | €465k | €450k | ▼ 3.3% |
| Amounts payable within one year42/48 | €287k | €367k | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | ▲ 3.5% |
| Trade debts44 | €21k | €88k | ▲ 327% |
| Suppliers440/4 | €21k | €88k | ▲ 327% |
| Other amounts payable47/48 | €252k | €263k | ▲ 4.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-87k | €4k | ▲ 105% |
| + Depreciation and write-downs630 | €9k | €8k | ▼ 5.3% |
| Operating cash flow (approximation) | €-78k | €12k | ▲ 116% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-12k | - |
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
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
Ground area
380 m²
Building footprint
136 m²
Volume, LiDAR
581 m³
Parcel 11462A0433/00H000, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SIBE Group
since 20222.334.642.817
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0433/00H000 | Flanders | 380 m² | 1 · 136 m² | 9.4 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-08-2022
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.