SICARS
ActiveFrom the official registers: KBO 30 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of SICARS is 1.8% (moderate). The 2024 annual accounts show equity of €59,920 and a net result of €57,586, of which €140,674 non-recurring income. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 39% of 2,073 sector peers (NACE 41, financial year 2024). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 02-02-1993 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.062.447.058 3500 Hasselt, since 15-06-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.8%
- Turnover
- €42,906
- ▼ 68.6%
- Profit
- €57,586
- Equity
- €59,920
- ▲ 26×
- Total assets
- €209,422
- ▼ 22.7%
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 323 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 19-06-2026)lowers riskFounded in 1993Liquidity: current ratio 1.04, cash €115,394Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 36% of them on solvency, 67% on liquidity, 81% on profitability and 52% 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
The company filed its last 6 accounts on average 200 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024 filed on 19-06-2026 at the NBB all 30 filings
2019 to 2024, 5 financial years 2018 to 2024, 6 financial years
The operating result for 2024 is nearly 18 times that of 2023 and the highest since 2019. It is the second rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as SICARS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €182,000 and €208,000, founded between 1991 and 1995.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| SICARS Hasselt | 1993 | €209,422 | €59,920 | €81,153 | €42,906 | €57,586 | 2024 |
| Bouwwerken THYS Oudsbergen | 1995 | €182,452 | €28,645 | €87,377 | - | €8,255 | 2025 |
| APPUI Verviers | 1994 | €204,538 | €114,099 | €72,779 | - | €10,491 | 2025 |
| BOUWWERKEN STEURS Aarschot | 1993 | €184,386 | €133,596 | €82,800 | - | €454 | 2025 |
| ENTREPRISE DOMINIQUE SIMON Aywaille | 1991 | €199,111 | €193,062 | €90,719 | - | €36,906 | 2025 |
| VANBO Nijlen | 1992 | €207,546 | €143,303 | €96,147 | - | €19,970 | 2025 |
| SEAC Wavre | 1995 | €189,496 | €97,639 | €72,718 | €146,952 | €37,741 | 2024 |
They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,818 companies had the same profile as SICARS has now. Two years later, 1.0% had gone bankrupt and 95.1% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SICARS itself is higher: 1.8% within 12 months. It rests on far more data about SICARS than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for SICARS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €112,238 | €105,134 | €136,520 | €42,906 | ▼ 68.6% |
| Non-recurring operating income76A | - | - | - | €1,584 | - | €140,674 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €83,176 | €84,929 | €125,660 | €102,427 | ▼ 18.5% |
| 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 | €5,423 | ▲ 174% |
| Other operating charges640/8 | - | - | €2,823 | €3,024 | €4,386 | €3,058 | ▼ 30.3% |
| Non-recurring operating charges66A | - | - | €1,200 | - | - | - | - |
| Gross operating margin9900 | €18,774 | €20,804 | €29,061 | €21,789 | €10,860 | €81,153 | ▲ 647% |
| Operating profit (loss)9901 | €1,854 | €1,824 | €5,637 | €2,993 | €4,091 | €72,672 | ▲ 18× |
| Financial income75/76B | - | - | €505 | €1,473 | - | €19 | - |
| Recurring financial income75 | - | €95 | €505 | €1,473 | - | €19 | - |
| Financial charges65/66B | - | - | €4,514 | €1,048 | €4,213 | €14,072 | ▲ 234% |
| Recurring financial charges65 | €7,634 | €6,496 | €4,514 | €1,048 | €4,213 | €14,072 | ▲ 234% |
| Profit (loss) for the period before taxes9903 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | €58,619 | - |
| Income taxes67/77 | - | - | - | - | - | €1,033 | - |
| Profit (loss) for the period9904 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | €57,586 | - |
| Profit (loss) for the period to be appropriated9905 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | €57,586 | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €275,335 | €287,507 | €254,403 | €268,821 | €271,085 | €209,422 | ▼ 22.7% |
| Fixed assets21/28 | €243,380 | €229,589 | €204,389 | €201,568 | €208,029 | €53,280 | ▼ 74.4% |
| Tangible fixed assets22/27 | €243,380 | €229,589 | €204,389 | €201,568 | €208,029 | €53,280 | ▼ 74.4% |
| Land and buildings22 | - | - | €204,389 | €190,598 | €199,038 | €47,489 | ▼ 76.1% |
| Furniture and vehicles24 | - | - | - | €10,970 | €8,991 | €5,791 | ▼ 35.6% |
| Current assets29/58 | €31,955 | €57,918 | €50,014 | €67,253 | €63,056 | €156,142 | ▲ 148% |
| 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 | €40,748 | ▼ 32.8% |
| Trade receivables40 | - | - | €37,878 | €53,183 | €51,082 | €35,487 | ▼ 30.5% |
| Other amounts receivable41 | - | - | €4,915 | €6,724 | €9,563 | €5,261 | ▼ 45.0% |
| Cash at bank and in hand54/58 | €12,880 | €6,137 | €6,202 | €6,326 | €505 | €115,394 | ▲ 229× |
| 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 | €209,422 | ▼ 22.7% |
| Equity10/15 | €6,836 | €2,259 | -€963 | €2,456 | €2,334 | €59,920 | ▲ 26× |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €8,060 | €6,200 | ▼ 23.1% |
| Contributions outside capital11 | - | - | €6,200 | - | - | - | - |
| Share premium1100/10 | - | - | €6,200 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | €1,860 | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | - | €1,860 | - |
| Profit (loss) carried forward14 | -€1,224 | -€5,801 | -€9,023 | -€5,604 | -€5,726 | €51,860 | - |
| Amounts payable17/49 | €268,499 | €285,248 | €255,366 | €266,366 | €268,751 | €149,502 | ▼ 44.4% |
| Amounts payable after more than one year17 | €255,872 | €266,820 | €65,474 | €55,916 | €45,790 | - | - |
| Financial debts170/4 | - | - | €65,474 | €55,916 | €45,790 | - | - |
| Amounts payable within one year42/48 | €11,414 | €17,216 | €189,892 | €206,450 | €222,961 | €149,502 | ▼ 32.9% |
| 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 | €21,412 | ▼ 14.8% |
| Suppliers440/4 | - | - | €6,129 | €17,522 | €25,139 | €21,412 | ▼ 14.8% |
| Taxes, remuneration and social security45 | - | - | €10,371 | €193 | €6,821 | €7,571 | ▲ 11.0% |
| Taxes450/3 | - | - | €8,939 | €193 | €4,221 | - | - |
| Remuneration and social security454/9 | - | - | €1,432 | - | €2,600 | €7,571 | ▲ 191% |
| Other amounts payable47/48 | - | - | €164,370 | €184,439 | €185,339 | €120,519 | ▼ 35.0% |
| Accrued charges and deferred income492/3 | - | - | - | €4,000 | - | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,780 | -€4,577 | €1,628 | €3,419 | -€122 | €57,586 | - |
| + Depreciation and write-downs630 | €13,792 | €13,791 | €12,600 | €15,771 | €1,979 | €5,423 | ▲ 174% |
| Operating cash flow (approximation) | €8,012 | €9,214 | €14,228 | €19,190 | €1,857 | €63,009 | ▲ 34× |
| Investment in fixed assets (approximation) | - | €0 | - | -€12,950 | -€8,440 | €149,326 | - |
| Change in cash | - | -€6,743 | - | €124 | -€5,821 | €114,889 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 19-06-2026 | 2026-00179135 | NBB |
| 31-12-2023 | abbreviated format | 10-10-2025 | 2025-00540593 | |
| 31-12-2022 | abbreviated format | 01-11-2023 | 2023-00505333 | |
| 31-12-2021 | abbreviated format | 30-12-2022 | 2022-20549524 | |
| 31-12-2019 | abbreviated format | 31-12-2020 | 2020-77600020 | |
| 31-12-2018 | abbreviated format | 13-09-2019 | 2019-64100408 | |
| 31-12-2017 | abbreviated format | 10-09-2019 | 2019-64100407 | |
| 31-12-2016 | abbreviated format | 17-10-2017 | 2017-67500177 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-51200406 | |
| 31-12-2014 | abbreviated format | 26-11-2015 | 2015-67500370 |
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0449.368.732
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71323C0584/00K004 | Flanders | 809 m² | 1 · 190 m² | 7.1 m · 2 |