SICARS
ActiveSummary
The latest annual accounts of SICARS were filed more than 90 days after the deadline. The 2023 annual accounts show equity of €2,334 and a net result of -€122. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: Filed more than 90 days late
Axes, FY 2023 · tick = 2022
Profitability33▼-44
Solvency26=
Growth61▲+19
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2023Solvency, return and age of the figures
Solvency
0.9%
Return on assets
0%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2026, 323 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
323 d late
2023
436 d late
2022
93 d late
2021
152 d late
2019
153 d late
2018
44 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 200 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Turnover
€136,520▲ 29.9%
2022 · €105,134
EBIT margin
3.0%▲ 0.1pp
2022 · 2.8%
Net result
-€122
2022 · €3,419
Working capital
-€159,905▼ 14.9%
2022 · -€139,197
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202120222023
Turnover€112,238-€105,134▼ 6.3%€136,520▲ 29.9%
Operating result€1,854-€1,824▼ 1.6%€5,637-€2,993▼ 46.9%€4,091▲ 36.7%
Net result-€5,780--€4,577▲ 20.8%€1,628below the sector's middle half-€3,419within the sector's middle half▲ 110%-€122below the sector's middle half
EBIT margin5.0%-2.8%▼ 2.2pp3.0%▲ 0.1pp
Equity€6,836-€2,259▼ 67.0%-€963below the sector's middle half-€2,456below the sector's middle half€2,334below the sector's middle half▼ 5.0%
Total assets€275,335-€287,507▲ 4.4%€254,403below the sector's middle half-€268,821below the sector's middle half▲ 5.7%€271,085below the sector's middle half▲ 0.8%
Debt€268,499-€285,248▲ 6.2%€255,366-€266,366▲ 4.3%€268,751▲ 0.9%
Working capital€20,541-€40,702▲ 98.2%-€139,878below the sector's middle half--€139,197below the sector's middle half▲ 0.5%-€159,905below the sector's middle half▼ 14.9%
Solvency2.5%-0.8%▼ 1.7pp-0.4%below the sector's middle half-0.9%below the sector's middle half▲ 1.3pp0.9%below the sector's middle half▼ 0.1pp
Current ratio2.80-3.36▲ 0.560.26below the sector's middle half-0.33below the sector's middle half▲ 0.060.28below the sector's middle half▼ 0.04
Return on assets (ROA)-2.1%--1.6%▲ 0.5pp0.6%within the sector's middle half-1.3%within the sector's middle half▲ 0.6pp0.0%below the sector's middle half▼ 1.3pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 37% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €271,085
Fixed assets
€208,029 ▲ 3.2%
Current assets
€63,056 ▼ 6.2%
Equity and liabilities €271,085
Equity
€2,334 ▼ 5.0%
Debt
€268,751 ▲ 0.9%
Debt's share of the balance-sheet total rises from 99.1% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,070▼
2022 · €18,765
Cash flow
€1,857▼
2022 · €19,190
Quick ratio
0.28▼
2022 · 0.32
ROE
-5.2%▼
2022 · 139.2%
Interest coverage
1.44▼
2022 · 17.90
Debt ≤ 1 year
€222,961▲
2022 · €206,450
Debt > 1 year
€45,790▼
2022 · €55,916
Staff costs
€404
A ratio outside any meaningful range has been withheld (balance sheet total €271,085, equity €2,334).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €112,238 | €105,134 | €136,520 | ▲ 29.9% |
| Non-recurring operating income76A | - | - | - | €1,584 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €83,176 | €84,929 | €125,660 | ▲ 48.0% |
| Remuneration, social security and pensions62 | - | - | €6,801 | - | €404 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,792 | €13,791 | €12,600 | €15,771 | €1,979 | ▼ 87.5% |
| Other operating charges640/8 | - | - | €2,823 | €3,024 | €4,386 | ▲ 45.0% |
| Non-recurring operating charges66A | - | - | €1,200 | - | - | - |
| Gross operating margin9900 | €18,774 | €20,804 | €29,061 | €21,789 | €10,860 | ▼ 50.2% |
| Operating profit (loss)9901 | €1,854 | €1,824 | €5,637 | €2,993 | €4,091 | ▲ 36.7% |
| Financial income75/76B | - | - | €505 | €1,473 | - | - |
| Recurring financial income75 | - | €95 | €505 | €1,473 | - | - |
| Financial charges65/66B | - | - | €4,514 | €1,048 | €4,213 | ▲ 302% |
| Recurring financial charges65 | €7,634 | €6,496 | €4,514 | €1,048 | €4,213 | ▲ 302% |
| Profit (loss) for the period before taxes9903 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | ▼ 104% |
| Profit (loss) for the period9904 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | ▼ 104% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €275,335 | €287,507 | €254,403 | €268,821 | €271,085 | ▲ 0.8% |
| Fixed assets21/28 | €243,380 | €229,589 | €204,389 | €201,568 | €208,029 | ▲ 3.2% |
| Tangible fixed assets22/27 | €243,380 | €229,589 | €204,389 | €201,568 | €208,029 | ▲ 3.2% |
| Land and buildings22 | - | - | €204,389 | €190,598 | €199,038 | ▲ 4.4% |
| Furniture and vehicles24 | - | - | - | €10,970 | €8,991 | ▼ 18.0% |
| Current assets29/58 | €31,955 | €57,918 | €50,014 | €67,253 | €63,056 | ▼ 6.2% |
| Stocks and contracts in progress3 | - | - | €1,019 | €1,019 | €1,019 | = |
| Stocks30/36 | - | - | €1,019 | €1,019 | €1,019 | = |
| Amounts receivable within one year40/41 | €19,075 | €51,781 | €42,793 | €59,908 | €60,645 | ▲ 1.2% |
| Trade receivables40 | - | - | €37,878 | €53,183 | €51,082 | ▼ 4.0% |
| Other amounts receivable41 | - | - | €4,915 | €6,724 | €9,563 | ▲ 42.2% |
| Cash at bank and in hand54/58 | €12,880 | €6,137 | €6,202 | €6,326 | €505 | ▼ 92.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €887 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €275,335 | €287,507 | €254,403 | €268,821 | €271,085 | ▲ 0.8% |
| Equity10/15 | €6,836 | €2,259 | -€963 | €2,456 | €2,334 | ▼ 5.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €8,060 | ▲ 30.0% |
| Outside capital11 | - | - | €6,200 | - | - | - |
| Share premium1100/10 | - | - | €6,200 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€1,224 | -€5,801 | -€9,023 | -€5,604 | -€5,726 | ▼ 2.2% |
| Amounts payable17/49 | €268,499 | €285,248 | €255,366 | €266,366 | €268,751 | ▲ 0.9% |
| Amounts payable after more than one year17 | €255,872 | €266,820 | €65,474 | €55,916 | €45,790 | ▼ 18.1% |
| Financial debts170/4 | - | - | €65,474 | €55,916 | €45,790 | ▼ 18.1% |
| Amounts payable within one year42/48 | €11,414 | €17,216 | €189,892 | €206,450 | €222,961 | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | - | - | €9,022 | €4,296 | - | - |
| Financial debts43 | - | - | - | - | €5,662 | - |
| Credit institutions430/8 | - | - | - | - | €5,662 | - |
| Trade debts44 | €4,001 | €9,177 | €6,129 | €17,522 | €25,139 | ▲ 43.5% |
| Suppliers440/4 | - | - | €6,129 | €17,522 | €25,139 | ▲ 43.5% |
| Taxes, remuneration and social security45 | - | - | €10,371 | €193 | €6,821 | ▲ 3,438% |
| Taxes450/3 | - | - | €8,939 | €193 | €4,221 | ▲ 2,090% |
| Remuneration and social security454/9 | - | - | €1,432 | - | €2,600 | - |
| Other amounts payable47/48 | - | - | €164,370 | €184,439 | €185,339 | ▲ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | €4,000 | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | ▼ 104% |
| + Depreciation and write-downs630 | €13,792 | €13,791 | €12,600 | €15,771 | €1,979 | ▼ 87.5% |
| Operating cash flow (approximation) | €8,012 | €9,214 | €14,228 | €19,190 | €1,857 | ▼ 90.3% |
| Investment in fixed assets (approximation) | - | €0 | - | -€12,950 | -€8,440 | ▲ 34.8% |
| Change in cash | - | -€6,743 | - | €124 | -€5,821 | ▼ 4,785% |
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
2026
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 323 days late
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 436 days late
2023
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 93 days late
2022
31-12
Financial
Highest result since 2018net €3,419 ▲110%
Net result €3,419, the highest in the series.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 152 days late
2021
31-12
Financial
Back to profitnet €1,628
Net result €1,628 after 2 loss-making years.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 44 days late
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 406 days late
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 78 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
26-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 118 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, Hasselt · 1 establishment unit since 1993
Ground area
809 m²
Building footprint
190 m²
Volume, LiDAR
1,081 m³
Parcel 71323C0584/00K004, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Gebanne-Groezenstraat 83A, 3500 Hasselt
since 19932.062.447.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0584/00K004 | Flanders | 809 m² | 1 · 190 m² | 7.1 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.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 3,809 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)
Founded02-02-1993
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449368732
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.