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SICHEM

Active
Private limited companyfounded 20224 yrs activeRue du Château(TR) 70, 6183 Courcelles, BelgiumKBO/BCE: BE 0779.619.682
Summary

SICHEM has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €816,882 and a net result of -€39,275. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability39▼-46
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.69 against 3.76 in 2024; short-term debt: 17% and cash: 24.5% of total assets), and 22.7% 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
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
77.3%
Return on assets
-3.7%
Age of the figures
9 mo
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 27-05-2026, 65 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
65 d early
2024
23 d early
2023
30 d late
2022
108 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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.
Companies Code · seven months
Position in the running window
27-09-2026 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

History

SICHEM was incorporated on 4 January 2022 as a Private limited company.1 Total assets rose from EUR 622,876 in 2022 to EUR 1.1 million in 2025 and headcount from 0.5 to 1.4 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€39,275
2024 · €157,026
Working capital
€303,459▼ 46.0%
2024 · €562,206
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
Line2022202320242025
Operating result-€82,565--€110,238▼ 33.5%€147,772-€107,339
Net result-€82,567--€113,589▼ 37.6%€157,026-€39,275
Equity€387,155-€273,566▼ 29.3%€916,663▲ 235%€816,882▼ 10.9%
Total assets€622,876-€587,057▼ 5.8%€1.2m▲ 100%€1.1m▼ 10.1%
Debt€235,721-€313,491▲ 33.0%€258,776▼ 17.5%€240,289▼ 7.1%
Working capital€194,519-€95,943▼ 50.7%€562,206▲ 486%€303,459▼ 46.0%
Staff (FTE)0.5-1.8▲ 260%1▼ 44.4%1.4▲ 40.0%
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000€200,000Operating result 2022: -€82,565-€82,565Net result 2022: -€82,567-€82,567Operating result 2023: -€110,238-€110,238Net result 2023: -€113,589-€113,589Operating result 2024: €147,772€147,772Net result 2024: €157,026€157,026Operating result 2025: -€107,339-€107,339Net result 2025: -€39,275-€39,2752022202320242025-€200,000-€100,000€0€100,000€200,000Operating result 2023: -€110,238-€110,000Net result 2023: -€113,589-€114,000Operating result 2024: €147,772€148,000Net result 2024: €157,026€157,000Operating result 2025: -€107,339-€107,000Net result 2025: -€39,275-€39,300202320242025
The operating result turns negative in 2025: a loss of €107,339 after €147,772 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets €541,057 ▲ 52.4%
Current assets €483,497 ▼ 36.9%
Equity and liabilities €1.1m
Equity €816,882 ▼ 10.9%
Debt €240,289 ▼ 7.1%
Debt's share of the balance-sheet total rises from 22.0% to 22.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€28,012▼
2024 · €232,173
Cash flow
€96,076▼
2024 · €241,427
Current ratio
2.69▼
2024 · 3.76
Quick ratio
2.55▼
2024 · 3.65
Debt to equity
0.29▲
2024 · 0.28
ROE
-4.8%▼
2024 · 17.1%
ROA
-3.7%▼
2024 · 13.4%
Interest coverage
2.94▼
2024 · 31.18
Debt ≤ 1 year
€180,039▼
2024 · €203,526
Debt > 1 year
€60,000▲
2024 · €55,000
Income taxes
€313▲
2024 · €131
Staff costs
€130,880▲
2024 · €88,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,151 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
5.9% stopped otherwise
91% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 2,151 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.1m▼
Formation expenses20€54,640€32,616▼
Fixed assets21/28€355,067€541,057▲
Intangible fixed assets21€311,962€506,122▲
Tangible fixed assets22/27€34,416€34,936▲
Plant, machinery and equipment23€25,958€23,805▼
Furniture and vehicles24€8,458€11,131▲
Assets under construction and advance payments27€0-
Financial fixed assets28€8,690€0▼
Current assets29/58€765,732€483,497▼
Stocks and contracts in progress3€23,136€24,373▲
Stocks30/36€23,136€24,373▲
Amounts receivable within one year40/41€393,589€197,071▼
Trade receivables40€59,169€5,075▼
Other amounts receivable41€334,420€191,996▼
Cash at bank and in hand54/58€347,343€258,866▼
Deferred charges and accrued income490/1€1,663€3,188▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.1m▼
Equity10/15€916,663€816,882▼
Contributions10/11€469,722€469,722=
Profit (loss) carried forward14-€39,130-€78,405▼
Investment grants15€486,071€425,565▼
Amounts payable17/49€258,776€240,289▼
Amounts payable after more than one year17€55,000€60,000▲
Financial debts170/4€55,000€60,000▲
Amounts payable within one year42/48€203,526€180,039▼
Current portion of amounts payable after more than one year42€20,000€15,000▼
Trade debts44€70,882€135,153▲
Suppliers440/4€70,882€135,153▲
Taxes, remuneration and social security45€64,390€29,886▼
Taxes450/3€42,516€7,549▼
Remuneration and social security454/9€21,874€22,337▲
Other amounts payable47/48€48,254€0▼
Accrued charges and deferred income492/3€250€250=
Income statement Code20242025
Remuneration, social security and pensions62€88,320€130,880▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84,401€135,350▲
Other operating charges640/8€722€1,093▲
Gross operating margin9900€321,216€159,984▼
Operating profit (loss)9901€147,772-€107,339▼
Financial income75/76B€16,832€77,904▲
Recurring financial income75€16,832€77,904▲
Financial charges65/66B€7,447€9,527▲
Recurring financial charges65€7,447€9,527▲
Profit (loss) for the period before taxes9903€157,157-€38,961▼
Income taxes67/77€131€313▲
Profit (loss) for the period9904€157,026-€39,275▼
Profit (loss) for the period to be appropriated9905€157,026-€39,275▼
Appropriation of the result
Profit (loss) to be appropriated9906-€39,130-€78,405▼
Profit (loss) brought forward from the previous period14P-€196,156-€39,130▲
Social balance
Average headcount (FTE)90871.01.4▲

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Remuneration, social security and pensions62€50,401€168,563€88,320€130,880▲ 48.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,642€49,989€84,401€135,350▲ 60.4%
Other operating charges640/8€2,510€1,513€722€1,093▲ 51.3%
Gross operating margin9900-€12,012€109,827€321,216€159,984▼ 50.2%
Operating profit (loss)9901-€82,565-€110,238€147,772-€107,339▼ 173%
Financial income75/76B€80€0€16,832€77,904▲ 363%
Recurring financial income75€80€0€16,832€77,904▲ 363%
Financial charges65/66B€23€3,231€7,447€9,527▲ 27.9%
Recurring financial charges65€23€3,231€7,447€9,527▲ 27.9%
Profit (loss) for the period before taxes9903-€82,507-€113,469€157,157-€38,961▼ 125%
Income taxes67/77€60€120€131€313▲ 138%
Profit (loss) for the period9904-€82,567-€113,589€157,026-€39,275▼ 125%
Profit (loss) for the period to be appropriated9905-€82,567-€113,589€157,026-€39,275▼ 125%
Line2022202320242025Change
Assets
Total assets20/58€622,876€587,057€1.2m€1.1m▼ 10.1%
Formation expenses20€89,452€76,663€54,640€32,616▼ 40.3%
Fixed assets21/28€130,617€171,225€355,067€541,057▲ 52.4%
Intangible fixed assets21€104,828€122,886€311,962€506,122▲ 62.2%
Tangible fixed assets22/27€17,099€39,649€34,416€34,936▲ 1.5%
Plant, machinery and equipment23€6,370€9,476€25,958€23,805▼ 8.3%
Furniture and vehicles24€10,729€8,225€8,458€11,131▲ 31.6%
Assets under construction and advance payments27-€21,947€0--
Financial fixed assets28€8,690€8,690€8,690€0▼ 100%
Current assets29/58€402,806€339,169€765,732€483,497▼ 36.9%
Stocks and contracts in progress3€12,950€19,875€23,136€24,373▲ 5.3%
Stocks30/36€12,950€19,875€23,136€24,373▲ 5.3%
Amounts receivable within one year40/41€110,862€251,559€393,589€197,071▼ 49.9%
Trade receivables40€89,881€250,725€59,169€5,075▼ 91.4%
Other amounts receivable41€20,981€834€334,420€191,996▼ 42.6%
Cash at bank and in hand54/58€277,393€64,890€347,343€258,866▼ 25.5%
Deferred charges and accrued income490/1€1,600€2,846€1,663€3,188▲ 91.6%
Equity and liabilities
Total equity and liabilities10/49€622,876€587,057€1.2m€1.1m▼ 10.1%
Equity10/15€387,155€273,566€916,663€816,882▼ 10.9%
Contributions10/11€469,722€469,722€469,722€469,722=
Profit (loss) carried forward14-€82,567-€196,156-€39,130-€78,405▼ 100%
Investment grants15--€486,071€425,565▼ 12.4%
Amounts payable17/49€235,721€313,491€258,776€240,289▼ 7.1%
Amounts payable after more than one year17-€70,000€55,000€60,000▲ 9.1%
Financial debts170/4-€70,000€55,000€60,000▲ 9.1%
Amounts payable within one year42/48€208,287€243,226€203,526€180,039▼ 11.5%
Current portion of amounts payable after more than one year42-€5,000€20,000€15,000▼ 25.0%
Trade debts44€183,610€67,477€70,882€135,153▲ 90.7%
Suppliers440/4€183,610€67,477€70,882€135,153▲ 90.7%
Taxes, remuneration and social security45€23,190€122,387€64,390€29,886▼ 53.6%
Taxes450/3€7,031€75,060€42,516€7,549▼ 82.2%
Remuneration and social security454/9€16,159€47,327€21,874€22,337▲ 2.1%
Other amounts payable47/48€1,488€48,362€48,254€0▼ 100%
Accrued charges and deferred income492/3€27,434€265€250€250=
Line2022202320242025Change
Profit (loss) for the period9904-€82,567-€113,589€157,026-€39,275▼ 125%
+ Depreciation and write-downs630€17,642€49,989€84,401€135,350▲ 60.4%
Operating cash flow (approximation)-€64,925-€63,600€241,427€96,076▼ 60.2%
Investment in fixed assets (approximation)--€90,597-€268,244-€321,340▼ 19.8%
Change in cash--€212,503€282,453-€88,477▼ 131%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €157,026
Net result €157,026 after 2 loss-making years.
31-12
Financial Liquidity triplescurrent ratio 3.76
Current ratio from 1.39 to 3.76; short-term debt falls from €243,226 to €203,526.
31-12
Financial Equity above €500,000Eq €916,663 ▲235%
Equity rises from €273,566 to €916,663.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€113,589
Net result drops to -€113,589, the lowest in the series; recovery starts the following year.
16-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Courcelles · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
173 m²
Building footprint
127 m²
Volume, LiDAR
1,218 m³
Parcel 52066B0918/00E003, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SICHEM
Rue du Château(TR) 70, 6183 CourcellesManufacture of chemicals and chemical products
since 20222.327.238.252
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52066B0918/00E003 Wallonia 173 m² 1 · 127 m² 11.5 m · 3 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. SYSCARE 90.03%
  2. SICHEM

Highest known parent: SYSCARE. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 63 companies in sector 20130 we hold annual accounts for 45. 26 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
Founded04-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
20130Manufacture of chemicals and chemical products
71121Engineering and related technical consultancy, excluding land surveyors
20590Manufacture of chemicals and chemical products
46851Wholesale of industrial chemicals
70200Business and other management consultancy
Contact
Phone +3271450015
E-invoicing
Reachable via Peppol
Peppol ID 0208:0779619682
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.