SIBELEX
ActiveSummary
SIBELEX has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,851 and a net result of -€6,983. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 49% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-64
Solvency76▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.45 in 2024; short-term debt: 48.9% and cash: 40.9% of total assets), and 48.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 · 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 · 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
51.1%
Return on assets
-6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
34 d early
2023
37 d early
2022
45 d early
2021
62 d early
2020
36 d early
2019
45 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 33 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 25 June (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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,983
2024 · €6,615
Working capital
€20,043▼ 27.6%
2024 · €27,698
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€30,656▼ 19.7%€1,450▼ 95.3%€10,088▲ 596%€11,001▲ 9.1%-€6,348
Net result€21,103within the sector's middle half▼ 18.5%-€1,118below the sector's middle half€5,888within the sector's middle half€6,615within the sector's middle half▲ 12.4%-€6,983below the sector's middle half
Equity€84,449below the sector's middle half▲ 33.3%€63,331below the sector's middle half▼ 25.0%€69,219below the sector's middle half▲ 9.3%€66,834within the sector's middle half▼ 3.4%€59,851below the sector's middle half▼ 10.4%
Total assets€142,893below the sector's middle half▼ 43.1%€127,816below the sector's middle half▼ 10.6%€121,437below the sector's middle half▼ 5.0%€128,906within the sector's middle half▲ 6.2%€117,180below the sector's middle half▼ 9.1%
Debt€58,445▼ 68.9%€64,485▲ 10.3%€52,218▼ 19.0%€62,072▲ 18.9%€57,329▼ 7.6%
Working capital€66,545within the sector's middle half▲ 39.4%€48,096within the sector's middle half▼ 27.7%€54,411within the sector's middle half▲ 13.1%€27,698within the sector's middle half▼ 49.1%€20,043within the sector's middle half▼ 27.6%
Solvency59.1%within the sector's middle half▲ 33.9pp49.5%within the sector's middle half▼ 9.6pp57.0%within the sector's middle half▲ 7.5pp51.8%within the sector's middle half▼ 5.2pp51.1%within the sector's middle half▼ 0.8pp
Current ratio2.14within the sector's middle half▲ 0.881.75within the sector's middle half▼ 0.392.04within the sector's middle half▲ 0.301.45within the sector's middle half▼ 0.601.35within the sector's middle half▼ 0.10
Return on assets (ROA)14.8%above the sector's middle half▲ 4.5pp-0.9%below the sector's middle half▼ 15.6pp4.8%within the sector's middle half▲ 5.7pp5.1%within the sector's middle half▲ 0.3pp-6.0%below the sector's middle half▼ 11.1pp
Staff (FTE)0.4below the sector's middle half
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,348 after €11,001 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117,180
Fixed assets
€39,808 ▲ 1.7%
Current assets
€77,372 ▼ 13.8%
Equity and liabilities €117,180
Equity
€59,851 ▼ 10.4%
Debt
€57,329 ▼ 7.6%
Debt's share of the balance-sheet total rises from 48.2% to 48.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€304▼
2024 · €13,673
Cash flow
-€939▼
2024 · €9,287
Debt to equity
0.96▲
2024 · 0.93
ROE
-11.7%▼
2024 · 9.9%
Interest coverage
-1.51▼
2024 · 31.25
Debt ≤ 1 year
€57,329▼
2024 · €62,072
Income taxes
€307▼
2024 · €3,949
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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 6,910 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 | - | - | - | - | €796 | - |
| Remuneration, social security and pensions62 | - | €57 | €28,802 | -€151 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,373 | €2,798 | €3,372 | €2,672 | €6,044 | ▲ 126% |
| Other operating charges640/8 | €787 | €794 | €3,139 | €1,438 | €1,682 | ▲ 17.0% |
| Gross operating margin9900 | €33,816 | €5,098 | €45,400 | €14,960 | €1,378 | ▼ 90.8% |
| Operating profit (loss)9901 | €30,656 | €1,450 | €10,088 | €11,001 | -€6,348 | ▼ 158% |
| Financial charges65/66B | €807 | €1,066 | €654 | €438 | €328 | ▼ 25.0% |
| Recurring financial charges65 | €807 | €777 | €591 | €438 | €201 | ▼ 54.0% |
| Non-recurring financial charges66B | - | €289 | €63 | - | €127 | - |
| Profit (loss) for the period before taxes9903 | €29,849 | €384 | €9,434 | €10,564 | -€6,676 | ▼ 163% |
| Income taxes67/77 | €8,746 | €1,502 | €3,546 | €3,949 | €307 | ▼ 92.2% |
| Profit (loss) for the period9904 | €21,103 | -€1,118 | €5,888 | €6,615 | -€6,983 | ▼ 206% |
| Profit (loss) for the period to be appropriated9905 | €21,103 | -€1,118 | €5,888 | €6,615 | -€6,983 | ▼ 206% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,893 | €127,816 | €121,437 | €128,906 | €117,180 | ▼ 9.1% |
| Fixed assets21/28 | €17,904 | €15,236 | €14,808 | €39,136 | €39,808 | ▲ 1.7% |
| Tangible fixed assets22/27 | €7,866 | €5,068 | €4,640 | €1,969 | €2,641 | ▲ 34.2% |
| Plant, machinery and equipment23 | €2,834 | €1,734 | €633 | - | - | - |
| Furniture and vehicles24 | €5,032 | €3,335 | €4,007 | €1,969 | €2,641 | ▲ 34.2% |
| Financial fixed assets28 | €10,038 | €10,167 | €10,167 | €37,167 | €37,167 | = |
| Current assets29/58 | €124,990 | €112,580 | €106,629 | €89,770 | €77,372 | ▼ 13.8% |
| Amounts receivable within one year40/41 | €52,778 | €50,303 | €85,071 | €31,460 | €29,418 | ▼ 6.5% |
| Trade receivables40 | €52,024 | €49,305 | €84,490 | €31,460 | €27,225 | ▼ 13.5% |
| Other amounts receivable41 | €754 | €998 | €582 | - | €2,193 | - |
| Cash at bank and in hand54/58 | €72,212 | €62,025 | €21,558 | €58,310 | €47,954 | ▼ 17.8% |
| Deferred charges and accrued income490/1 | - | €252 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,893 | €127,816 | €121,437 | €128,906 | €117,180 | ▼ 9.1% |
| Equity10/15 | €84,449 | €63,331 | €69,219 | €66,834 | €59,851 | ▼ 10.4% |
| Contributions10/11 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €74,000 | €54,000 | €59,800 | €57,300 | €57,300 | = |
| Distributable reserves133 | €74,000 | €54,000 | €59,800 | €57,300 | €57,300 | = |
| Profit (loss) carried forward14 | €2,389 | €1,271 | €1,359 | €1,474 | -€5,509 | ▼ 474% |
| Amounts payable17/49 | €58,445 | €64,485 | €52,218 | €62,072 | €57,329 | ▼ 7.6% |
| Amounts payable within one year42/48 | €58,445 | €64,485 | €52,218 | €62,072 | €57,329 | ▼ 7.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €833 | - |
| Trade debts44 | €8,070 | €3,486 | €2,057 | €1,979 | €2,658 | ▲ 34.3% |
| Suppliers440/4 | €8,070 | €3,486 | €2,057 | €1,979 | €2,658 | ▲ 34.3% |
| Taxes, remuneration and social security45 | €14,200 | €2,686 | €1,046 | €3,069 | €3,946 | ▲ 28.6% |
| Taxes450/3 | €14,200 | €2,686 | €1,046 | €3,069 | €3,946 | ▲ 28.6% |
| Other amounts payable47/48 | €36,175 | €58,312 | €49,114 | €57,024 | €49,892 | ▼ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,103 | -€1,118 | €5,888 | €6,615 | -€6,983 | ▼ 206% |
| + Depreciation and write-downs630 | €2,373 | €2,798 | €3,372 | €2,672 | €6,044 | ▲ 126% |
| Operating cash flow (approximation) | €23,476 | €1,680 | €9,259 | €9,287 | -€939 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€130 | -€2,944 | -€27,000 | -€6,717 | ▲ 75.1% |
| Change in cash | - | -€10,187 | -€40,467 | €36,752 | -€10,357 | ▼ 128% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€6,983
Net result drops to -€6,983, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €5,888
Net result €5,888 after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €25,891 ▲15.9%
Operating result €38,163, net result €25,891, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €22,335
Net result €22,335 after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
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 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Anhée · 1 establishment unit since 2012
Ground area
2,288 m²
Building footprint
370 m²
Volume, LiDAR
4,595 m³
Parcel 91233C0245/00E004, Wallonia · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SIBELEX
since 20122.213.006.696
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91233C0245/00E004 | Wallonia | 2,288 m² | 1 · 370 m² | 16.4 m · 4 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
-
1.48%
According to the 2025 annual accounts of SIBELEX 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.
Similar companies · same sector, comparable size
BRICK HOUSE
BE 0541.429.947
Ronse · Eq €59,853
GET MORE
BE 0648.762.724
Jette · Eq €59,853
FULLMOON
BE 0743.750.765
Watermaal-Bosvoorde · Eq €59,846
Retour Ô Sources
BE 0671.849.021
Hamoir · Eq €59,862
OMERTA
BE 0860.657.640
Antwerpen · Eq €59,863
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,030 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
Founded05-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85592Vocational training
85699Other educational support services
86995Nutrition and dietetics services
Contact
E-mail
benoit-g@hotmail.com
Phone
0475/48 99 83
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849358922
Registered
15-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.