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SICCARD

Active
Private limited companyfounded 199333 yrs activeNieuwstraat 10, 1785 Merchtem, BelgiumKBO/BCE: BE 0450.769.985
Summary

SICCARD has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€50,862) and a net result of €48,005. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 13501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
SICCARDActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of clothing, excluding workwear and underwear
NACE 46423NACE 45310
1 site
Size
€25,384total assets 2025
Equity
-€50,862
Profit
€48,005
Turnover not published (abridged schema)
Financial health
56 Fair Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Accounts 53 d early0 of 2 deeds read
Why 56Capped at 59: negative equity- Negative equity -€50,862+ Size: total assets €25,384+ Founded in 1993+ Liquidity: current ratio 0.33, cash €22,797Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 60% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 0=
equity -200.4% of total assets
Liquidity 50=
short-term debt 300.4% · cash 89.8%
Profitability 100=
return on assets 189.1%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,865 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%▼ -1.0% vs 12-2024 02-2025: 0.4%● 0.0% vs 01-2025 03-2025: 0.4%▼ -2.7% vs 02-2025 04-2025: 0.4%▲ +3.8% vs 03-2025 05-2025: 0.4%▼ -0.7% vs 04-2025 06-2025: 0.4%▼ -4.0% vs 05-2025 07-2025: 0.5%▲ +31.1% vs 06-2025 08-2025: 0.8%▲ +49.8% vs 07-2025highest value 09-2025: 0.3%▼ -61.1% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%▼ -5.1% vs 11-2025 01-2026: 0.3%▼ -1.1% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%▲ +4.3% vs 02-2026 04-2026: 0.3%▼ -2.1% vs 03-2026 05-2026: 0.3%▼ -0.7% vs 04-2026 06-2026: 0.3%▼ -1.1% vs 05-2026 07-2026: 0.3%▼ -6.1% vs 06-2026lowest value 08-2026: 0.3%● 0.0% vs 07-2026lowest value 09-2026: 0.3%● 0.0% vs 08-2026lowest value 10-2026: 0.3%● 0.0% vs 09-2026lowest value
  • Size: total assets €25,384 lowers the probability for this profile
  • Negative equity -€50,862 raises the probability
  • Founded in 1993 lowers the probability for this profile
  • Liquidity: current ratio 0.33, cash €22,797 lowers the probability
No credit on open account
Liquidity short (current ratio 0.33 against 0.19 in 2024; short-term debt: 300.4% and cash: 89.8% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 51%, profitability 95%, growth against the median 87%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €25,384
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€50,862
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1993
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 0.33, cash €22,797
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 13501 sector peers (2025).
NBB · sector comparison
Position among 13501 sector peers
Solvency
better than 6%
← 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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 d early
2024
7 d late
2023
40 d early
2022
38 d early
2021
34 d early
2020
38 d early
2019
38 d late
← 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 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 23 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2018net €48,005 ▲50.8%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€50,862 View
  • Caution: Among the weakest 7% on solvencysector median 41.5% · 13,501 companies -200.4% View
  • Active since 1993founded 06-09-1993 33 years View

By topic

Financials

Fiscal year
2025
Total assets
€25,384
Profit
€48,005
Solvency
-200.4%
Total assets▲ 6.1%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 08-06-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 07-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of clothing, excluding workwear and underwearNACE 46423
Founded
06-09-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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