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SICALEC

Active
Private limited companyfounded 1977active for 48 yearsKortrijkstraat 2, 8930 Menen, BelgiumKBO/BCE: BE 0417.763.063

From the official registers: KBO 48 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

SICALEC has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83,836 and a net result of -€1,046. Equity has been growing by about 4% per year since 2018. Its solvency ranks better than 95% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

KBO
Status
Active since 21-12-1977 Normal situation
Activity
General electrical installation work NACE 43211
Establishment unit
2.014.466.207 8930 Menen, since 06-02-1978
Financial year end
31 December
Peppol
Reachable since 16-01-2026

Board and ownership

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
-€2,178
▲ 57.5%
Loss
€1,046
▼ 90.8%
Equity
€83,836
▼ 1.2%
Total assets
€87,301
▼ 11.7%
Turnover not published (micro format)
Filed on 31-08-2026, 31 days after the deadlineat the National Bank
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Size: total assets €87,301lowers riskFounded in 1977Liquidity: current ratio 23.22, cash €14,430Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 96.0% of total assets
Liquidity 71+2
short-term debt 4.0% · cash 16.5%
Profitability 17+13
return on assets -1.2%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%▲ +0.2 percentage points vs 08-2025 10-2025: 0.9%▲ +0.2 percentage points vs 09-2025highest value 11-2025: 0.9%● unchanged vs 10-2025highest value 12-2025: 0.9%● unchanged vs 11-2025highest value 01-2026: 0.4%▼ -0.5 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 23.22 (6.33 in 2024), above the usual 1.5. Short-term debt is 4% and cash 16.5% of total assets. 4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 69% on liquidity, 14% on profitability and 32% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Founded in 1977
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Size: total assets €87,301
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 23.22, cash €14,430
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,046
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
29 days late
2022
31 days late
2021
25 days late
2020
114 days late
2019
116 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 54 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in specialised constructionsector median 46.7% · 34,902 companies 96.0% View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€1,046 View

Comparable companies

These companies have the same main activity as SICALEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €72,800 and €107,000, founded between 1973 and 1983.

CompanyTotal assetsGross margin
SICALEC Menen€87,301-€2,178
START TO CONTROL Ichtegem€73,293-€5,377
Electromot Antwerpen€102,157-€9,407
M.M. Pajottegem€99,426-€2,496
SOTRADIN Enghien€78,855-€65
Acelek Tremelo€106,653-€15,597
OBSIS BUSINESS SOFTWARE INFORMATION SOLUTIONS Charleroi€72,781-€163
Full comparison

Documents

Annual accounts at the NBB

All 48 annual accounts

Articles and registers

Key facts about SICALEC

What is the company number of SICALEC?
The company number of SICALEC is 0417.763.063. The VAT number is the same number with BE in front: BE 0417.763.063.
Where is SICALEC based?
The registered office is at Kortrijkstraat 2, 8930 Menen.Company details
What does SICALEC do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of SICALEC?
The legal form of SICALEC is Private limited company (BV).
When was SICALEC founded?
SICALEC was founded on 21-12-1977.
Is SICALEC still active?
Yes, SICALEC is an active enterprise in the KBO register.
What is the turnover of SICALEC?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is SICALEC profitable?
In financial year 2025, SICALEC made a loss of €1,046.
Where can I find the annual accounts of SICALEC?
SICALEC filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of SICALEC due?
SICALEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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