SICARD
ActiveSummary
The computed 12-month bankruptcy probability of SICARD is 4.0% (elevated). The 2024 annual accounts show negative equity (€-44k) and a net result of €836. Equity is shrinking by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 18936 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability47▼-37
Solvency0=
Growth56▼-2
Track record100
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.23 in 2023; short-term debt: 392.8% and cash: 47.6% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-409.8%
Return on assets
7.8%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18936 sector peers (2024).
NBB · sector comparisonPosition among 18936 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
not confirmed
2024
69 d late
2023
116 d late
2022
92 d late
2021
31 d late
2020
23 d late
2019
113 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€147k▲ 6.2%
2023 · €138k
EBIT margin
1.4%▼ 5.0pp
2023 · 6.4%
Net result
€836▼ 89.3%
2023 · €8k
Working capital
€-35k▼ 11.5%
2023 · €-31k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€138k€147k▲ 6.2%
Operating result€-28k€32k€-73k€9k€2k▼ 76.6%
Net result€-28k€32k€-73k€8k€836▼ 89.3%
EBIT margin6.4%1.4%▼ 5.0pp
Equity€-11k€20k€-52k€-45k▲ 14.9%€-44k▲ 1.9%
Total assets€18k▼ 74.1%€84k▲ 359%€69k▼ 17.9%€14k▼ 79.5%€11k▼ 24.2%
Debt€29k▼ 45.1%€63k▲ 116%€121k▲ 91.2%€59k▼ 51.5%€54k▼ 7.2%
Working capital€-19k▼ 924%€16k€-58k€-31k▲ 47.0%€-35k▼ 11.5%
Staff (FTE)1.7▼ 32.0%3▲ 76.5%12.5▲ 150%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11k
Fixed assets
€3k ▼ 36.5%
Current assets
€7k ▼ 17.2%
Key figures and ratios
EBITDA
€4k▼
2023 · €11k
Cash flow
€3k▼
2023 · €10k
Solvency
-409.8%▼
2023 · -316.7%
Current ratio
0.18▼
2023 · 0.23
Quick ratio
0.17▼
2023 · 0.22
Debt to equity
-1.24▲
2023 · -1.32
ROA
7.8%▼
2023 · 55.5%
Interest coverage
3.15▼
2023 · 9.91
Debt ≤ 1 year
€42k▲
2023 · €40k
Staff costs
€20k▲
2023 · €229
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €138k | €147k | ▲ 6.2% |
| Non-recurring operating income76A | - | - | - | €8k | €13k | ▲ 68.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €132k | €130k | ▼ 1.7% |
| Remuneration, social security and pensions62 | - | €71k | €155k | €229 | €20k | ▲ 8,572% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €1k | €2k | €2k | ▼ 10.0% |
| Other operating charges640/8 | - | €989 | €4k | €3k | €7k | ▲ 110% |
| Gross operating margin9900 | €45k | €107k | €87k | €15k | €31k | ▲ 112% |
| Operating profit (loss)9901 | €-28k | €32k | €-73k | €9k | €2k | ▼ 76.6% |
| Financial income75/76B | - | €20 | €25 | - | €0 | - |
| Recurring financial income75 | €4 | €20 | €25 | - | €0 | - |
| Financial charges65/66B | - | €148 | €96 | €1k | €1k | ▲ 13.1% |
| Recurring financial charges65 | €256 | €148 | €96 | €1k | €1k | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | €-28k | €32k | €-73k | €8k | €836 | ▼ 89.3% |
| Profit (loss) for the period9904 | €-28k | €32k | €-73k | €8k | €836 | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €32k | €-73k | €8k | €836 | ▼ 89.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18k | €84k | €69k | €14k | €11k | ▼ 24.2% |
| Fixed assets21/28 | €7k | €5k | €6k | €5k | €3k | ▼ 36.5% |
| Tangible fixed assets22/27 | €7k | €5k | €6k | €5k | €3k | ▼ 36.5% |
| Land and buildings22 | - | €2k | - | - | - | - |
| Plant, machinery and equipment23 | - | €3k | €6k | €5k | €3k | ▼ 36.5% |
| Current assets29/58 | €11k | €79k | €63k | €9k | €7k | ▼ 17.2% |
| Stocks and contracts in progress3 | €5k | €2k | - | €175 | €379 | ▲ 117% |
| Stocks30/36 | - | €2k | - | €175 | €379 | ▲ 117% |
| Amounts receivable within one year40/41 | €891 | €15k | €2k | €785 | - | - |
| Trade receivables40 | - | €15k | €749 | €785 | - | - |
| Other amounts receivable41 | - | €14 | €1k | - | - | - |
| Cash at bank and in hand54/58 | €5k | €59k | €58k | €8k | €5k | ▼ 36.8% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18k | €84k | €69k | €14k | €11k | ▼ 24.2% |
| Equity10/15 | €-11k | €20k | €-52k | €-45k | €-44k | ▲ 1.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Capital10 | - | - | - | €19k | - | - |
| Issued capital100 | - | - | - | €19k | - | - |
| Outside capital11 | - | - | - | - | €19k | - |
| Other1109/19 | - | - | - | - | €19k | - |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-38k | €-6k | €-79k | €-71k | €-70k | ▲ 1.2% |
| Amounts payable17/49 | €29k | €63k | €121k | €59k | €54k | ▼ 7.2% |
| Amounts payable within one year42/48 | €29k | €63k | €121k | €40k | €42k | ▲ 5.0% |
| Trade debts44 | €2k | €8k | €5k | €4k | €5k | ▲ 31.8% |
| Suppliers440/4 | - | €8k | €5k | €4k | €5k | ▲ 31.8% |
| Taxes, remuneration and social security45 | - | €14k | €6k | €2k | €6k | ▲ 200% |
| Taxes450/3 | - | €3k | €2k | €2k | €5k | ▲ 165% |
| Remuneration and social security454/9 | - | €11k | €4k | - | €705 | - |
| Other amounts payable47/48 | - | €42k | €110k | €34k | €31k | ▼ 9.5% |
| Accrued charges and deferred income492/3 | - | - | - | €19k | €13k | ▼ 33.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €32k | €-73k | €8k | €836 | ▼ 89.3% |
| + Depreciation and write-downs630 | €4k | €3k | €1k | €2k | €2k | ▼ 10.0% |
| Operating cash flow (approximation) | €-25k | €35k | €-72k | €10k | €3k | ▼ 72.7% |
| Investment in fixed assets (approximation) | - | €-275 | €-3k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €54k | €-1k | €-50k | €-3k | ▲ 94.0% |
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
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 116 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.25
Current ratio from 0.37 to 1.25.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 113 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Jette · 1 establishment unit since 2000
Ground area
104 m²
Building footprint
104 m²
Volume, LiDAR
1,366 m³
Parcel 21464E0001/00H011, Brussels · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SPORTWERELD
since 20002.093.648.691
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0001/00H011 | Brussels | 104 m² | 1 · 104 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteJette2.093.648.691
Similar companies · same sector, comparable size
VIVARAVA
BE 0864.410.154
Braine-l'Alleud · Eq €20,338
L'EPHEMERIDE
BE 0876.625.622
Soignies · Eq €20,335
Graan
BE 0749.726.460
Zandhoven · Eq €20,367
CAFÉ-CONCERT LE MONTMARTRE
BE 0803.046.667
Elsene · Eq €20,315
DE LON'S
BE 0427.059.524
Vilvoorde · Eq €20,299
Of 14,006 companies in sector 56301 we hold annual accounts for 4,888. 3,995 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
Founded12-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.