SIBOREX
ActiveSIBOREX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €374k and a net result of €96k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 4599 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+14
Solvency52▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.43 in 2023; short-term debt: 55.5% and cash: 8.2% of total assets), and 73.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 70
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
1 d early
2022
18 d early
2021
13 d early
2020
37 d early
2019
18 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€96k▲ 505%
2023 · €16k
2018: €-46k
2019: €-36k
2020: €-139k
2021: €70k
2022: €108k
2023: €16k
2018 → 2024
Working capital
€265k▲ 11.4%
2023 · €238k
2018: €-104k
2019: €-136k
2020: €328k
2021: €275k
2022: €354k
2023: €238k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-266k-€154k€262k▲ 70.6%€278k▲ 6.1%€374k▲ 34.6%
Operating result€-136k-€84k€152k▲ 82.0%€61k▼ 60.2%€174k▲ 187%
Net result€-139k-€70k€108k▲ 54.9%€16k▼ 85.3%€96k▲ 505%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 187% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets
€355k▲ 2.2%
Current assets
€1.04M▲ 30.8%
Equity and liabilities €1.39M
Equity
€374k▲ 34.6%
Debt
€1.02M▲ 18.1%
The debt ratio falls from 75.6% to 73.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€289k▲
2023 · €145k
Cash flow
€212k▲
2023 · €101k
Solvency
26.9%▲
2023 · 24.4%
Current ratio
1.34▼
2023 · 1.43
Quick ratio
0.52▼
2023 · 0.78
Debt / equity
2.72▼
2023 · 3.11
ROE
25.7%▲
2023 · 5.7%
ROA
6.9%▲
2023 · 1.4%
Interest coverage
4.09▲
2023 · 3.16
Debt
€1.02M▲
2023 · €863k
Debt ≤ 1 year
€774k▲
2023 · €556k
Debt > 1 year
€244k▼
2023 · €307k
Income taxes
€16k▲
2023 · €515
Staff costs
€175k▲
2023 · €77k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.14M€1.39M▲
Fixed assets21/28€347k€355k▲
Tangible fixed assets22/27€347k€355k▲
Plant, machinery and equipment23€320k€336k▲
Furniture and vehicles24€19k€14k▼
Leasing and similar rights25€8k€5k▼
Current assets29/58€794k€1.04M▲
Stocks and contracts in progress3€362k€636k▲
Stocks30/36€362k€636k▲
Amounts receivable within one year40/41€346k€286k▼
Trade receivables40€318k€257k▼
Other amounts receivable41€28k€28k▲
Cash at bank and in hand54/58€84k€115k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.39M▲
Equity10/15€278k€374k▲
Contributions10/11€375k€375k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€-98k€-2k▲
Amounts payable17/49€863k€1.02M▲
Amounts payable after more than one year17€307k€244k▼
Financial debts170/4€157k€144k▼
Other amounts payable178/9€150k€100k▼
Amounts payable within one year42/48€556k€774k▲
Current portion of amounts payable after more than one year42€84k€120k▲
Financial debts43€130k€325k▲
Credit institutions430/8€130k€325k▲
Trade debts44€256k€300k▲
Suppliers440/4€256k€300k▲
Taxes, remuneration and social security45€20k€29k▲
Taxes450/3€11k€16k▲
Remuneration and social security454/9€9k€12k▲
Other amounts payable47/48€66k-
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Remuneration, social security and pensions62€77k€175k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€115k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€224k€471k▲
Operating profit (loss)9901€61k€174k▲
Financial income75/76B€2k€9k▲
Recurring financial income75€2k€9k▲
Financial charges65/66B€46k€71k▲
Recurring financial charges65€46k€71k▲
Profit (loss) for the period before taxes9903€16k€112k▲
Income taxes67/77€515€16k▲
Profit (loss) for the period9904€16k€96k▲
Profit (loss) for the period to be appropriated9905€16k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-98k€-2k▲
Profit (loss) brought forward from the previous period14P€-114k€-98k▲
Social balance
Average headcount (FTE)9087-3.0
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €108k ▲54.9%
Net result €108k, the highest in the series.
31-12
Financial
Equity above €200kEq €262k ▲70.6%
2 profitable years in a row build equity to €262k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €70k
Net result €70k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €154k
Equity rises from €-266k to €154k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-139k
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 18current ratio 5.26
Current ratio from 0.30 to 5.26; short-term debt falls from €194k to €77k.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Herstal · 1 establishment unit since 2015
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.
Parc Ind. des Hauts Sarts, 4e av 404040 Herstal1 establishment unit
Siborex SRL
since 20152.239.504.821
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 36,796 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.