SICANO
ActiveSummary
SICANO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,460 and a net result of €75,104. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency46▼-42
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 5.31 in 2024; short-term debt: 65.9% and cash: 80.7% of total assets), and 79.1% 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
20.9%
Return on assets
51.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 22% of 17213 sector peers (2025).
NBB · sector comparisonPosition among 17213 sector peers
Solvency
better than 22%
← 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 01-06-2026, 60 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
60 d early
2024
48 d early
2023
43 d early
2022
36 d early
2021
45 d early
2020
30 d early
2019
36 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 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by total assets in As, Telecoms and IT sector#9 oldest company in As, Telecoms and IT sector
Equity
€30,460▼ 65.5%
2024 · €88,171
Total assets
€145,532▲ 4.6%
2024 · €139,153
Net result
€75,104▲ 10.9%
2024 · €67,711
Working capital
€23,040▼ 72.4%
2024 · €83,448
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€55,929▼ 68.0%€71,278▲ 27.4%€88,090▲ 23.6%€88,446▲ 0.4%€96,814▲ 9.5%
Net result€43,437within the sector's middle half▼ 67.6%€55,358above the sector's middle half▲ 27.4%€81,306above the sector's middle half▲ 46.9%€67,711above the sector's middle half▼ 16.7%€75,104above the sector's middle half▲ 10.9%
Equity€314,872above the sector's middle half▲ 16.0%€367,029above the sector's middle half▲ 16.6%€448,335above the sector's middle half▲ 22.2%€88,171within the sector's middle half▼ 80.3%€30,460within the sector's middle half▼ 65.5%
Total assets€375,257above the sector's middle half▲ 5.1%€385,088above the sector's middle half▲ 2.6%€506,483above the sector's middle half▲ 31.5%€139,153within the sector's middle half▼ 72.5%€145,532within the sector's middle half▲ 4.6%
Debt€60,385▼ 29.5%€18,059▼ 70.1%€58,147▲ 222%€50,983▼ 12.3%€115,072▲ 126%
Working capital€309,472above the sector's middle half▲ 15.4%€366,485above the sector's middle half▲ 18.4%€437,141above the sector's middle half▲ 19.3%€83,448within the sector's middle half▼ 80.9%€23,040within the sector's middle half▼ 72.4%
Solvency83.9%above the sector's middle half▲ 7.9pp95.3%above the sector's middle half▲ 11.4pp88.5%above the sector's middle half▼ 6.8pp63.4%within the sector's middle half▼ 25.2pp20.9%below the sector's middle half▼ 42.4pp
Current ratio6.47above the sector's middle half▲ 1.9323.12above the sector's middle half▲ 16.6519.79above the sector's middle half▼ 3.335.31above the sector's middle half▼ 14.481.24within the sector's middle half▼ 4.07
Return on assets (ROA)11.6%within the sector's middle half▼ 26.0pp14.4%within the sector's middle half▲ 2.8pp16.1%within the sector's middle half▲ 1.7pp48.7%above the sector's middle half▲ 32.6pp51.6%above the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145,532
Fixed assets
€26,615 ▼ 26.8%
Current assets
€118,918 ▲ 15.7%
Equity and liabilities €145,532
Equity
€30,460 ▼ 65.5%
Debt
€115,072 ▲ 126%
Debt's share of the balance-sheet total rises from 36.6% to 79.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€106,543▲
2024 · €98,175
Cash flow
€84,833▲
2024 · €77,440
Debt to equity
3.78▲
2024 · 0.58
ROE
246.6%▲
2024 · 76.8%
Interest coverage
48.30▲
2024 · 33.64
Debt ≤ 1 year
€95,878▲
2024 · €19,362
Debt > 1 year
€17,695▼
2024 · €25,690
Income taxes
€19,653▲
2024 · €17,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,008 | €7,151 | €1,011 | €9,729 | €9,729 | = |
| Other operating charges640/8 | €973 | €1,154 | €1,428 | €854 | €1,046 | ▲ 22.5% |
| Gross operating margin9900 | €63,910 | €79,583 | €90,529 | €99,029 | €107,589 | ▲ 8.6% |
| Operating profit (loss)9901 | €55,929 | €71,278 | €88,090 | €88,446 | €96,814 | ▲ 9.5% |
| Financial income75/76B | €136 | €133 | €14,496 | €125 | €149 | ▲ 19.5% |
| Recurring financial income75 | €136 | €133 | €127 | €125 | €149 | ▲ 19.5% |
| Non-recurring financial income76B | - | - | €14,369 | - | - | - |
| Financial charges65/66B | €414 | €414 | €954 | €2,919 | €2,206 | ▼ 24.4% |
| Recurring financial charges65 | €414 | €414 | €954 | €2,919 | €2,206 | ▼ 24.4% |
| Profit (loss) for the period before taxes9903 | €55,651 | €70,997 | €101,633 | €85,652 | €94,757 | ▲ 10.6% |
| Income taxes67/77 | €12,214 | €15,639 | €20,326 | €17,942 | €19,653 | ▲ 9.5% |
| Profit (loss) for the period9904 | €43,437 | €55,358 | €81,306 | €67,711 | €75,104 | ▲ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €43,437 | €55,358 | €81,306 | €67,711 | €75,104 | ▲ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375,257 | €385,088 | €506,483 | €139,153 | €145,532 | ▲ 4.6% |
| Fixed assets21/28 | €9,185 | €2,034 | €46,073 | €36,344 | €26,615 | ▼ 26.8% |
| Tangible fixed assets22/27 | €9,185 | €2,034 | €46,073 | €36,344 | €26,615 | ▼ 26.8% |
| Furniture and vehicles24 | €9,185 | €2,034 | €46,073 | €36,344 | €26,615 | ▼ 26.8% |
| Current assets29/58 | €366,072 | €383,054 | €460,410 | €102,810 | €118,918 | ▲ 15.7% |
| Amounts receivable within one year40/41 | €47,750 | €51,486 | €55,116 | €74,621 | - | - |
| Trade receivables40 | €42,350 | €51,486 | €55,116 | €74,621 | - | - |
| Other amounts receivable41 | €5,400 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €317,806 | €331,194 | €404,029 | €26,794 | €117,430 | ▲ 338% |
| Deferred charges and accrued income490/1 | €516 | €375 | €1,265 | €1,395 | €1,488 | ▲ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375,257 | €385,088 | €506,483 | €139,153 | €145,532 | ▲ 4.6% |
| Equity10/15 | €314,872 | €367,029 | €448,335 | €88,171 | €30,460 | ▼ 65.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €56,818 | €56,818 | €56,818 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €54,958 | €54,958 | €54,958 | - | - | - |
| Profit (loss) carried forward14 | €245,654 | €297,811 | €379,117 | €67,711 | €10,000 | ▼ 85.2% |
| Amounts payable17/49 | €60,385 | €18,059 | €58,147 | €50,983 | €115,072 | ▲ 126% |
| Amounts payable after more than one year17 | €2,035 | - | €33,379 | €25,690 | €17,695 | ▼ 31.1% |
| Financial debts170/4 | €2,035 | - | €33,379 | €25,690 | €17,695 | ▼ 31.1% |
| Amounts payable within one year42/48 | €56,600 | €16,569 | €23,269 | €19,362 | €95,878 | ▲ 395% |
| Current portion of amounts payable after more than one year42 | €6,046 | €2,035 | - | - | €7,995 | - |
| Financial debts43 | - | - | €6,789 | €7,689 | - | - |
| Credit institutions430/8 | - | - | €6,789 | €7,689 | - | - |
| Trade debts44 | €1,233 | €1,392 | €1,612 | €2,808 | €3,257 | ▲ 16.0% |
| Suppliers440/4 | €1,233 | €1,392 | €1,612 | €2,808 | €3,257 | ▲ 16.0% |
| Taxes, remuneration and social security45 | €49,262 | €11,782 | €14,862 | €8,859 | €12,361 | ▲ 39.5% |
| Taxes450/3 | €49,262 | €11,782 | €14,862 | €7,609 | €12,361 | ▲ 62.5% |
| Remuneration and social security454/9 | - | - | - | €1,250 | - | - |
| Other amounts payable47/48 | €60 | €1,360 | €6 | €6 | €72,265 | ▲ 1,204,318% |
| Accrued charges and deferred income492/3 | €1,750 | €1,490 | €1,500 | €5,931 | €1,500 | ▼ 74.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,437 | €55,358 | €81,306 | €67,711 | €75,104 | ▲ 10.9% |
| + Depreciation and write-downs630 | €7,008 | €7,151 | €1,011 | €9,729 | €9,729 | = |
| Operating cash flow (approximation) | €50,445 | €62,508 | €82,317 | €77,440 | €84,833 | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | €0 | -€45,050 | €0 | €0 | - |
| Change in cash | - | €13,388 | €72,835 | -€377,235 | €90,636 | ▲ 124% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 23.12
Current ratio from 6.47 to 23.12; short-term debt falls from €56,600 to €16,569.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €43,437 ▼67.6%
Net result drops to €43,437, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €134,232 ▲95.1%
Operating result €174,824, net result €134,232, both a record.
31-12
Financial
Equity above €200,000Eq €271,435 ▲97.8%
3 profitable years in a row build equity to €271,435.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €137,203 ▲98.2%
2 profitable years in a row build equity to €137,203.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, As · 1 establishment unit since 2018
Ground area
1,420 m²
Building footprint
225 m²
Volume, LiDAR
1,074 m³
Parcel 71002A0117/00V000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SICANO
since 20182.273.735.428
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71002A0117/00V000 | Flanders | 1,420 m² | 1 · 225 m² | 7.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 262 EUR awarded · 262 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 128 EUR | 128 EUR |
| 2022 | 1 | 134 EUR | 134 EUR |
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,362 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 (pre-2019)
Founded14-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690601990
Also
9925:BE0690601990
Registered
20-04-2026
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.