SIBEAC
ActiveSummary
SIBEAC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €343k and a net result of €48k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81=
Solvency92▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.86 in 2024; short-term debt: 20.8% and cash: 4% of total assets), and 33.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.7%
Return on assets
9.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
29 d late
2022
26 d late
2021
25 d late
2020
29 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€343k▲ 16.5%
2024 · €294k
2019: €144klowest in 7 years
2020: €153k▲ +6.1% vs 2019
2021: €194k▲ +26.5% vs 2020
2022: €206k▲ +6.6% vs 2021
2023: €242k▲ +17.4% vs 2022
2024: €294k▲ +21.3% vs 2023
2025: €343k▲ +16.5% vs 2024highest in 7 years
2019 → 2025
Total assets
€514k▼ 2.3%
2024 · €526k
2019: €604k
2020: €596k▼ -1.2% vs 2019
2021: €606k▲ +1.5% vs 2020highest in 7 years
2022: €551k▼ -9.0% vs 2021
2023: €503k▼ -8.7% vs 2022lowest in 7 years
2024: €526k▲ +4.6% vs 2023
2025: €514k▼ -2.3% vs 2024
2019 → 2025
Net result
€48k▼ 6.2%
2024 · €52k
2019: €20k
2020: €9k▼ -55.6% vs 2019lowest in 7 years
2021: €41k▲ +362% vs 2020
2022: €13k▼ -68.7% vs 2021
2023: €36k▲ +183% vs 2022
2024: €52k▲ +43.5% vs 2023highest in 7 years
2025: €48k▼ -6.2% vs 2024
2019 → 2025
Working capital
€1k
2024 · €-14k
2019: €-14k
2020: €-37k▼ -166% vs 2019lowest in 7 years
2021: €-5k▲ +87.7% vs 2020
2022: €-24k▼ -429% vs 2021
2023: €-32k▼ -34.1% vs 2022
2024: €-14k▲ +55.6% vs 2023
2025: €1k▲ +110% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€194k-€206k▲ 6.6%€242k▲ 17.4%€294k▲ 21.3%€343k▲ 16.5%
2021: €194klowest in 5 years
2022: €206k▲ +6.6% vs 2021
2023: €242k▲ +17.4% vs 2022
2024: €294k▲ +21.3% vs 2023
2025: €343k▲ +16.5% vs 2024highest in 5 years
Operating result€69k-€28k▼ 59.4%€61k▲ 120%€82k▲ 34.7%€83k▲ 0.6%
2021: €69k
2022: €28k▼ -59.4% vs 2021lowest in 5 years
2023: €61k▲ +120% vs 2022
2024: €82k▲ +34.7% vs 2023
2025: €83k▲ +0.6% vs 2024highest in 5 years
Net result€41k-€13k▼ 68.7%€36k▲ 183%€52k▲ 43.5%€48k▼ 6.2%
2021: €41k
2022: €13k▼ -68.7% vs 2021lowest in 5 years
2023: €36k▲ +183% vs 2022
2024: €52k▲ +43.5% vs 2023highest in 5 years
2025: €48k▼ -6.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €514k
Fixed assets
€406k ▼ 6.5%
Current assets
€108k ▲ 17.8%
Equity and liabilities €514k
Equity
€343k ▲ 16.5%
Debt
€171k ▼ 26.1%
Debt's share of the balance-sheet total falls from 44.1% to 33.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€124k▲
2024 · €122k
Cash flow
€90k▼
2024 · €91k
Current ratio
1.01▲
2024 · 0.86
Debt to equity
0.50▼
2024 · 0.79
ROE
14.1%▼
2024 · 17.6%
ROA
9.4%▼
2024 · 9.8%
Interest coverage
16.81▼
2024 · 19.01
Debt ≤ 1 year
€107k▲
2024 · €106k
Debt > 1 year
€65k▼
2024 · €125k
Income taxes
€31k▲
2024 · €27k
Staff costs
€2k▲
2024 · €700
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€526k€514k▼
Fixed assets21/28€434k€406k▼
Tangible fixed assets22/27€434k€406k▼
Land and buildings22€393k€375k▼
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€27k€15k▼
Other tangible fixed assets26€6k€4k▼
Current assets29/58€92k€108k▲
Amounts receivable within one year40/41€91k€87k▼
Trade receivables40€20k€7k▼
Other amounts receivable41€71k€80k▲
Cash at bank and in hand54/58€484€21k▲
Equity and liabilities
Total equity and liabilities10/49€526k€514k▼
Equity10/15€294k€343k▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€144k€193k▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€129k€178k▲
Amounts payable17/49€232k€171k▼
Amounts payable after more than one year17€125k€65k▼
Financial debts170/4€125k€65k▼
Amounts payable within one year42/48€106k€107k▲
Current portion of amounts payable after more than one year42€67k€81k▲
Trade debts44€13k€14k▲
Suppliers440/4€13k€14k▲
Taxes, remuneration and social security45€26k€12k▼
Taxes450/3€26k€12k▼
Accrued charges and deferred income492/3€403-
Income statement
Code20242025
Remuneration, social security and pensions62€700€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€41k▲
Other operating charges640/8€7k€13k▲
Gross operating margin9900€130k€139k▲
Operating profit (loss)9901€82k€83k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€79k€79k▲
Income taxes67/77€27k€31k▲
Profit (loss) for the period9904€52k€48k▼
Profit (loss) for the period to be appropriated9905€52k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€48k▼
Transfer to equity691/2€52k€48k▼
To the legal reserve6920€7k-
To other reserves6921€45k€48k▲
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €80 | - | - | - |
| Remuneration, social security and pensions62 | - | €1k | €237 | €700 | €2k | ▲ 202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €35k | €32k | €40k | €41k | ▲ 3.9% |
| Other operating charges640/8 | - | €5k | €6k | €7k | €13k | ▲ 71.2% |
| Gross operating margin9900 | €109k | €69k | €100k | €130k | €139k | ▲ 6.7% |
| Operating profit (loss)9901 | €69k | €28k | €61k | €82k | €83k | ▲ 0.6% |
| Financial income75/76B | - | €3k | €3k | €3k | €3k | ▲ 25.9% |
| Recurring financial income75 | €4k | €3k | €3k | €3k | €3k | ▲ 25.9% |
| Financial charges65/66B | - | €11k | €10k | €6k | €7k | ▲ 15.0% |
| Recurring financial charges65 | €15k | €11k | €10k | €6k | €7k | ▲ 15.0% |
| Profit (loss) for the period before taxes9903 | €58k | €19k | €55k | €79k | €79k | ▲ 0.3% |
| Income taxes67/77 | €17k | €7k | €19k | €27k | €31k | ▲ 12.7% |
| Profit (loss) for the period9904 | €41k | €13k | €36k | €52k | €48k | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €41k | €13k | €36k | €52k | €48k | ▼ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €606k | €551k | €503k | €526k | €514k | ▼ 2.3% |
| Fixed assets21/28 | €491k | €463k | €432k | €434k | €406k | ▼ 6.5% |
| Tangible fixed assets22/27 | €491k | €463k | €432k | €434k | €406k | ▼ 6.5% |
| Land and buildings22 | - | €434k | €409k | €393k | €375k | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €11k | €10k | €9k | €11k | ▲ 33.2% |
| Furniture and vehicles24 | - | €10k | €6k | €27k | €15k | ▼ 45.8% |
| Other tangible fixed assets26 | - | €9k | €7k | €6k | €4k | ▼ 25.0% |
| Current assets29/58 | €115k | €88k | €71k | €92k | €108k | ▲ 17.8% |
| Amounts receivable within one year40/41 | €111k | €85k | €59k | €91k | €87k | ▼ 4.1% |
| Trade receivables40 | - | €39k | €4k | €20k | €7k | ▼ 62.7% |
| Other amounts receivable41 | - | €46k | €55k | €71k | €80k | ▲ 12.4% |
| Cash at bank and in hand54/58 | €4k | €2k | €12k | €484 | €21k | ▲ 4,153% |
| Deferred charges and accrued income490/1 | - | €628 | €357 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €606k | €551k | €503k | €526k | €514k | ▼ 2.3% |
| Equity10/15 | €194k | €206k | €242k | €294k | €343k | ▲ 16.5% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Capital10 | - | €150k | €150k | €150k | €150k | = |
| Issued capital100 | - | €150k | €150k | €150k | €150k | = |
| Reserves13 | €44k | €57k | €93k | €144k | €193k | ▲ 33.6% |
| Non-distributable reserves130/1 | - | €6k | €8k | €15k | €15k | = |
| Legal reserve130 | - | €6k | €8k | €15k | €15k | = |
| Distributable reserves133 | - | €50k | €84k | €129k | €178k | ▲ 37.5% |
| Profit (loss) carried forward14 | €-6k | - | - | - | - | - |
| Amounts payable17/49 | €412k | €344k | €261k | €232k | €171k | ▼ 26.1% |
| Amounts payable after more than one year17 | €284k | €225k | €156k | €125k | €65k | ▼ 48.4% |
| Financial debts170/4 | - | €225k | €156k | €125k | €65k | ▼ 48.4% |
| Amounts payable within one year42/48 | €119k | €112k | €104k | €106k | €107k | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €77k | €73k | €67k | €81k | ▲ 20.8% |
| Trade debts44 | €21k | €23k | €17k | €13k | €14k | ▲ 4.9% |
| Suppliers440/4 | - | €23k | €17k | €13k | €14k | ▲ 4.9% |
| Taxes, remuneration and social security45 | - | €13k | €14k | €26k | €12k | ▼ 54.5% |
| Taxes450/3 | - | €13k | €14k | €26k | €12k | ▼ 54.5% |
| Accrued charges and deferred income492/3 | - | €8k | €530 | €403 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €13k | €36k | €52k | €48k | ▼ 6.2% |
| + Depreciation and write-downs630 | €35k | €35k | €32k | €40k | €41k | ▲ 3.9% |
| Operating cash flow (approximation) | €76k | €47k | €68k | €91k | €90k | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €-7k | €-1k | €-42k | €-13k | ▲ 69.4% |
| Change in cash | - | €-2k | €10k | €-11k | €20k | ▲ 277% |
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
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Highest result since 2019net €52k ▲43.5%
Net result €52k, the highest in the series.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-05
Financial
Equity above €200kEq €206k ▲6.6%
4 profitable years in a row build equity to €206k.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-05
Financial
Weakest financial yearnet €9k ▼55.6%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-05
Financial
Equity above €150kEq €153k ▲6.1%
2 profitable years in a row build equity to €153k.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tournai · 1 establishment unit since 2002
Ground area
2,700 m²
Building footprint
226 m²
Volume, LiDAR
1,159 m³
Parcel 57057D0133/00G000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIBEAC SA
since 20022.045.794.831
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57057D0133/00G000 | Wallonia | 2,700 m² | 1 · 226 m² | 6.6 m · 2 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.
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Of 806 companies in sector 46610 we hold annual accounts for 566. 459 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-08-1989
Fiscal year end30-06
Activities, NACEBEL 2025
46610Wholesale trade
46216Wholesale of agricultural produce and animal feed, general range
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.