SIBECON
ActiveSummary
SIBECON has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,450 and a net result of €37,515. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+24
Solvency40▲+16
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.51 in 2024; short-term debt: 18.8% and cash: 32.9% of total assets), but 84.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
15.1%
Return on assets
16.4%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-04-2026, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
94 d early
2023
58 d early
2022
76 d early
2021
34 d early
2020
5 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 58 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,450
2024 · -€2,232
Total assets
€228,342▲ 50.7%
2024 · €151,541
Net result
€37,515
2024 · -€4,696
Working capital
€45,667▲ 84.7%
2024 · €24,723
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€71,398▲ 2.1%€33,352▼ 53.3%-€22,322-€4,052▲ 81.8%€43,480
Net result€54,718within the sector's middle half▲ 1.3%€21,617within the sector's middle half▼ 60.5%-€26,579below the sector's middle half-€4,696below the sector's middle half▲ 82.3%€37,515within the sector's middle half
Equity€127,426within the sector's middle half▲ 13.1%€149,044within the sector's middle half▲ 17.0%€2,464below the sector's middle half▼ 98.3%-€2,232below the sector's middle half€34,450within the sector's middle half
Total assets€289,342within the sector's middle half▲ 35.2%€287,078within the sector's middle half▼ 0.8%€163,206within the sector's middle half▼ 43.1%€151,541within the sector's middle half▼ 7.1%€228,342within the sector's middle half▲ 50.7%
Debt€161,916▲ 59.9%€138,034▼ 14.7%€160,742▲ 16.5%€153,773▼ 4.3%€193,892▲ 26.1%
Working capital€108,568within the sector's middle half▲ 1.4%€60,409within the sector's middle half▼ 44.4%€23,810within the sector's middle half▼ 60.6%€24,723within the sector's middle half▲ 3.8%€45,667within the sector's middle half▲ 84.7%
Solvency44.0%within the sector's middle half▼ 8.6pp51.9%within the sector's middle half▲ 7.9pp1.5%below the sector's middle half▼ 50.4pp-1.5%below the sector's middle half▼ 3.0pp15.1%below the sector's middle half▲ 16.6pp
Current ratio1.79within the sector's middle half▼ 0.281.51within the sector's middle half▼ 0.281.51within the sector's middle half▲ 0.011.51within the sector's middle half=2.06within the sector's middle half▲ 0.55
Return on assets (ROA)18.9%within the sector's middle half▼ 6.3pp7.5%within the sector's middle half▼ 11.4pp-16.3%below the sector's middle half▼ 23.8pp-3.1%below the sector's middle half▲ 13.2pp16.4%within the sector's middle half▲ 19.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 2025: €43,480 after a loss of €4,052 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228,342
Fixed assets
€139,661 ▲ 78.4%
Current assets
€88,681 ▲ 21.0%
Equity and liabilities €228,342
Equity
€34,450
Debt
€193,892
Debt finances 84.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€50,878▲
2024 · €10,755
Cash flow
€44,913▲
2024 · €10,111
Debt to equity
5.63▲
2024 · -68.91
ROE
108.9%
Interest coverage
22.54▲
2024 · 6.68
Debt ≤ 1 year
€43,014▼
2024 · €48,542
Debt > 1 year
€149,561▲
2024 · €103,739
Income taxes
€3,708▲
2024 · €160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,360 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,650 | €13,966 | €14,836 | €14,807 | €7,398 | ▼ 50.0% |
| Other operating charges640/8 | €644 | €560 | €599 | €613 | €941 | ▲ 53.5% |
| Gross operating margin9900 | €82,692 | €47,878 | -€6,886 | €11,368 | €51,820 | ▲ 356% |
| Operating profit (loss)9901 | €71,398 | €33,352 | -€22,322 | -€4,052 | €43,480 | ▲ 1,173% |
| Financial income75/76B | - | €0 | €1 | €1,128 | - | - |
| Recurring financial income75 | - | €0 | €1 | €1,128 | - | - |
| Financial charges65/66B | €3,027 | €4,032 | €4,104 | €1,611 | €2,258 | ▲ 40.1% |
| Recurring financial charges65 | €3,027 | €4,032 | €4,104 | €1,611 | €2,258 | ▲ 40.1% |
| Profit (loss) for the period before taxes9903 | €68,370 | €29,321 | -€26,425 | -€4,536 | €41,223 | ▲ 1,009% |
| Income taxes67/77 | €13,652 | €7,703 | €154 | €160 | €3,708 | ▲ 2,218% |
| Profit (loss) for the period9904 | €54,718 | €21,617 | -€26,579 | -€4,696 | €37,515 | ▲ 899% |
| Profit (loss) for the period to be appropriated9905 | €54,718 | €21,617 | -€26,579 | -€4,696 | €37,515 | ▲ 899% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €289,342 | €287,078 | €163,206 | €151,541 | €228,342 | ▲ 50.7% |
| Fixed assets21/28 | €43,102 | €107,919 | €93,083 | €78,276 | €139,661 | ▲ 78.4% |
| Tangible fixed assets22/27 | €43,102 | €32,919 | €18,083 | €3,276 | €64,661 | ▲ 1,874% |
| Furniture and vehicles24 | €43,102 | €32,919 | €18,083 | €3,276 | €64,661 | ▲ 1,874% |
| Financial fixed assets28 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Current assets29/58 | €246,240 | €179,159 | €70,123 | €73,265 | €88,681 | ▲ 21.0% |
| Amounts receivable within one year40/41 | €15,490 | €9,783 | €5,266 | €6,228 | €12,100 | ▲ 94.3% |
| Trade receivables40 | €14,142 | - | €2,420 | €6,050 | €12,100 | ▲ 100% |
| Other amounts receivable41 | €1,348 | €9,783 | €2,846 | €178 | - | - |
| Cash at bank and in hand54/58 | €230,493 | €168,247 | €64,727 | €66,860 | €75,233 | ▲ 12.5% |
| Deferred charges and accrued income490/1 | €257 | €1,129 | €129 | €177 | €1,349 | ▲ 663% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €289,342 | €287,078 | €163,206 | €151,541 | €228,342 | ▲ 50.7% |
| Equity10/15 | €127,426 | €149,044 | €2,464 | -€2,232 | €34,450 | ▲ 1,644% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €108,826 | €130,444 | - | - | €15,850 | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €106,966 | €128,584 | - | - | €15,850 | - |
| Profit (loss) carried forward14 | - | - | -€16,136 | -€20,832 | - | - |
| Amounts payable17/49 | €161,916 | €138,034 | €160,742 | €153,773 | €193,892 | ▲ 26.1% |
| Amounts payable after more than one year17 | €22,286 | €15,503 | €110,654 | €103,739 | €149,561 | ▲ 44.2% |
| Financial debts170/4 | €22,286 | €15,503 | €8,654 | €1,739 | €47,561 | ▲ 2,635% |
| Other amounts payable178/9 | - | - | €102,000 | €102,000 | €102,000 | = |
| Amounts payable within one year42/48 | €137,672 | €118,750 | €46,312 | €48,542 | €43,014 | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | €6,718 | €6,783 | €6,849 | €6,915 | €14,126 | ▲ 104% |
| Financial debts43 | - | €2,892 | - | - | - | - |
| Other loans439 | - | €2,892 | - | - | - | - |
| Trade debts44 | €818 | €710 | €3,926 | €876 | €562 | ▼ 35.9% |
| Suppliers440/4 | €818 | €710 | €3,926 | €876 | €562 | ▼ 35.9% |
| Taxes, remuneration and social security45 | €6,733 | €2,700 | €888 | €5,337 | €4,342 | ▼ 18.6% |
| Taxes450/3 | €6,733 | €2,700 | €888 | €5,337 | €4,342 | ▼ 18.6% |
| Other amounts payable47/48 | €123,404 | €105,665 | €34,649 | €35,414 | €23,984 | ▼ 32.3% |
| Accrued charges and deferred income492/3 | €1,958 | €3,781 | €3,775 | €1,492 | €1,317 | ▼ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,718 | €21,617 | -€26,579 | -€4,696 | €37,515 | ▲ 899% |
| + Depreciation and write-downs630 | €10,650 | €13,966 | €14,836 | €14,807 | €7,398 | ▼ 50.0% |
| Operating cash flow (approximation) | €65,369 | €35,584 | -€11,743 | €10,111 | €44,913 | ▲ 344% |
| Investment in fixed assets (approximation) | - | -€78,783 | €0 | €0 | -€68,783 | - |
| Change in cash | - | -€62,246 | -€103,520 | €2,133 | €8,372 | ▲ 292% |
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
05-08
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €37,515
Net result €37,515 after 2 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€26,579
Net result drops to -€26,579, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €54,718 ▲1.3%
Operating result €71,398, net result €54,718, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €112,708 ▲14.2%
3 profitable years in a row build equity to €112,708.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zonnebeke · 1 establishment unit since 2014
Ground area
954 m²
Building footprint
133 m²
Volume, LiDAR
699 m³
Parcel 33001E0199/00V000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SIBECON
since 20142.237.511.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33001E0199/00V000 | Flanders | 954 m² | 1 · 133 m² | 7.8 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2025 annual accounts of SIBECON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,057 EUR awarded · 1,057 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 188 EUR | 188 EUR |
| 2022 | 1 | 869 EUR | 869 EUR |
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 1,892 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
Founded10-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506722555
Also
9925:BE0506722555
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.