SICALEC
ActiveSICALEC has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €-1k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 95% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▲+13
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 23.22 against 6.33 in 2024; short-term debt: 4% and cash: 16.5% of total assets), and 4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-1k
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
25 d late
2020
114 d late
2019
116 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▼ 1.2%
2024 · €85k
2018: €66k
2019: €68k
2020: €74k
2021: €77k
2022: €85k
2023: €96k
2024: €85k
2018 → 2025
Total assets
€87k▼ 11.7%
2024 · €99k
2018: €77k
2019: €80k
2020: €87k
2021: €90k
2022: €104k
2023: €113k
2024: €99k
2018 → 2025
Net result
€-1k▲ 90.8%
2024 · €-11k
2018: €6k
2019: €2k
2020: €6k
2021: €3k
2022: €7k
2023: €12k
2024: €-11k
2018 → 2025
Working capital
€77k▲ 3.2%
2024 · €75k
2018: €63k
2019: €68k
2020: €74k
2021: €77k
2022: €65k
2023: €81k
2024: €75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€85k▲ 9.4%€96k▲ 13.7%€85k▼ 11.8%€84k▼ 1.2%
Operating result€4k-€10k▲ 137%€17k▲ 75.8%€-11k€-8k▲ 26.8%
Net result€3k-€7k▲ 136%€12k▲ 59.7%€-11k€-1k▲ 90.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€7k▼ 33.3%
Current assets
€80k▼ 9.2%
Equity and liabilities €87k
Equity
€84k▼ 1.2%
Debt
€3k▼ 75.2%
The debt ratio falls from 14.2% to 4.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-6k
Cash flow
€4k▲
2024 · €-6k
Solvency
96.0%▲
2024 · 85.8%
Current ratio
23.22▲
2024 · 6.33
Quick ratio
22.85▲
2024 · 6.23
Debt / equity
0.04▼
2024 · 0.16
ROE
-1.2%▲
2024 · -13.4%
ROA
-1.2%▲
2024 · -11.5%
Interest coverage
-11.15▲
2024 · -22.67
Debt
€3k▼
2024 · €14k
Debt ≤ 1 year
€3k▼
2024 · €14k
Income taxes
€145▲
2024 · €142
Staff costs
€0
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€99k€87k▼
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€10k€7k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€10k€7k▼
Leasing and similar rights25-€0
Other tangible fixed assets26-€0
Financial fixed assets28€74€116▲
Current assets29/58€89k€80k▼
Stocks and contracts in progress3€1k€1k▼
Stocks30/36€1k€1k▼
Amounts receivable within one year40/41€70k€64k▼
Trade receivables40€17k€11k▼
Other amounts receivable41€53k€53k▲
Cash at bank and in hand54/58€17k€14k▼
Deferred charges and accrued income490/1€521€538▲
Equity and liabilities
Total equity and liabilities10/49€99k€87k▼
Equity10/15€85k€84k▼
Contributions10/11€19k€19k=
Reserves13€67k€67k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€12k€12k=
Distributable reserves133€53k€53k=
Profit (loss) carried forward14€-257€-1k▼
Amounts payable17/49€14k€3k▼
Amounts payable within one year42/48€14k€3k▼
Trade debts44€1k€978▼
Suppliers440/4€1k€978▼
Taxes, remuneration and social security45€11k€286▼
Taxes450/3€11k€286▼
Other amounts payable47/48€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€930€897▼
Gross operating margin9900€-5k€-2k▲
Operating profit (loss)9901€-11k€-8k▲
Financial income75/76B€11€7k▲
Recurring financial income75€11€7k▲
Financial charges65/66B€267€276▲
Recurring financial charges65€267€276▲
Profit (loss) for the period before taxes9903€-11k€-901▲
Income taxes67/77€142€145▲
Profit (loss) for the period9904€-11k€-1k▲
Profit (loss) for the period to be appropriated9905€-11k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-257€-1k▼
Profit (loss) brought forward from the previous period14P€11k€-257▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 23.22
Current ratio from 6.33 to 23.22; short-term debt falls from €14k to €3k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-11k ▼198%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €12k ▲59.7%
Operating result €17k, net result €12k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 140 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Menen · 1 establishment unit since 1978
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.
Kortrijkstraat 28930 MenenGround area
224 m²
Building footprint
224 m²
Volume, LiDAR
3,670 m³
Parcel 34027E0093/00F000, Flanders · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Kortrijkstraat 2, 8930 Menen
since 19782.014.466.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E0093/00F000 | Flanders | 224 m² | 1 · 224 m² | 20.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Volta-Elec
BE 0740.907.576
Mons · Eq €84k
KRP Security Systems
BE 0770.687.566
Ninove · Eq €84k
BELGOSUN
BE 0797.948.922
Machelen (Brab.) · Eq €84k
Reen Technology
BE 0791.654.117
Antwerpen · Eq €84k
Schelfhout Marc
BE 0859.661.411
Zele · Eq €84k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 8,807 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-1977
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.