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SICHER

Active
Private limited companyfounded 201412 yrs activeKapelstraat 44, 2490 Balen, BelgiumKBO/BCE: BE 0556.983.797
Summary

SICHER has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151k and a net result of €4k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 637 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability44▼-14
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 13.89 against 9.51 in 2023; short-term debt: 7.2% and cash: 9.6% of total assets), and 7.2% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
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 30-10-2025, 91 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 filings
Deviation from the deadline
2025
not confirmed
2024
91 d late
2023
60 d late
2022
82 d late
2021
120 d late
2020
61 d late
2019
118 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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

Financials · fiscal year 2024, micro schema

Equity
€151k▲ 2.8%
2023 · €147k
2018: €70klowest in 7 years 2019: €82k▲ +16.0% vs 2018 2020: €100k▲ +22.0% vs 2019 2021: €106k▲ +7.0% vs 2020 2022: €134k▲ +25.7% vs 2021 2023: €147k▲ +9.8% vs 2022 2024: €151k▲ +2.8% vs 2023highest in 7 years
2018 → 2024
Total assets
€163k▼ 0.9%
2023 · €164k
2018: €95klowest in 7 years 2019: €109k▲ +15.4% vs 2018 2020: €123k▲ +13.1% vs 2019 2021: €115k▼ -6.6% vs 2020 2022: €148k▲ +28.1% vs 2021 2023: €164k▲ +11.2% vs 2022highest in 7 years 2024: €163k▼ -0.9% vs 2023
2018 → 2024
Net result
€4k▼ 69.2%
2023 · €13k
2018: €27k 2019: €11k▼ -58.2% vs 2018 2020: €18k▲ +59.9% vs 2019 2021: €7k▼ -61.2% vs 2020 2022: €27k▲ +292% vs 2021highest in 7 years 2023: €13k▼ -51.9% vs 2022 2024: €4k▼ -69.2% vs 2023lowest in 7 years
2018 → 2024
Working capital
€151k▲ 2.8%
2023 · €147k
2018: €66klowest in 7 years 2019: €82k▲ +22.9% vs 2018 2020: €100k▲ +22.5% vs 2019 2021: €106k▲ +6.6% vs 2020 2022: €134k▲ +25.7% vs 2021 2023: €147k▲ +9.8% vs 2022 2024: €151k▲ +2.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€100k-€106k▲ 7.0%€134k▲ 25.7%€147k▲ 9.8%€151k▲ 2.8% 2020: €100klowest in 5 years 2021: €106k▲ +7.0% vs 2020 2022: €134k▲ +25.7% vs 2021 2023: €147k▲ +9.8% vs 2022 2024: €151k▲ +2.8% vs 2023highest in 5 years
Operating result€24k-€10k▼ 58.4%€36k▲ 262%€18k▼ 49.1%€4k▼ 75.4% 2020: €24k 2021: €10k▼ -58.4% vs 2020 2022: €36k▲ +262% vs 2021highest in 5 years 2023: €18k▼ -49.1% vs 2022 2024: €4k▼ -75.4% vs 2023lowest in 5 years
Net result€18k-€7k▼ 61.2%€27k▲ 292%€13k▼ 51.9%€4k▼ 69.2% 2020: €18k 2021: €7k▼ -61.2% vs 2020 2022: €27k▲ +292% vs 2021highest in 5 years 2023: €13k▼ -51.9% vs 2022 2024: €4k▼ -69.2% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10k€20k€30k€40kOperating result 2020: €24k€24kNet result 2020: €18k€18kOperating result 2021: €10k€10kNet result 2021: €7k€7kOperating result 2022: €36k€36kNet result 2022: €27k€27kOperating result 2023: €18k€18kNet result 2023: €13k€13kOperating result 2024: €4k€4kNet result 2024: €4k€4k20202021202220232024€0€10k€20k€30k€40kOperating result 2022: €36k€36kNet result 2022: €27k€27kOperating result 2023: €18k€18kNet result 2023: €13k€13kOperating result 2024: €4k€4.5kNet result 2024: €4k€4k202220232024
The operating result has fallen two years in a row; 2024 is 75% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €163k
Equity €151k ▲ 2.8%
Debt €12k ▼ 32.1%
Debt's share of the balance-sheet total falls from 10.5% to 7.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
13.89▲
2023 · 9.51
Debt to equity
0.08▼
2023 · 0.12
ROE
2.7%▼
2023 · 8.9%
ROA
2.5%▼
2023 · 8.0%
Debt ≤ 1 year
€12k▼
2023 · €17k
Income taxes
€2k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€164k€163k▼
Current assets29/58€164k€163k▼
Amounts receivable within one year40/41€122k€147k▲
Trade receivables40€25k€5k▼
Other amounts receivable41€97k€142k▲
Cash at bank and in hand54/58€43k€16k▼
Equity and liabilities
Total equity and liabilities10/49€164k€163k▼
Equity10/15€147k€151k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€139k€143k▲
Amounts payable17/49€17k€12k▼
Amounts payable within one year42/48€17k€12k▼
Trade debts44€13k€10k▼
Suppliers440/4€13k€10k▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Income statement Code20232024
Other operating charges640/8€556€1k▲
Gross operating margin9900€19k€6k▼
Operating profit (loss)9901€18k€4k▼
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€879€712▼
Recurring financial charges65€879€712▼
Profit (loss) for the period before taxes9903€17k€6k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€13k€4k▼
Profit (loss) for the period to be appropriated9905€13k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€139k€143k▲
Profit (loss) brought forward from the previous period14P€126k€139k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Other operating charges640/8-€1k€588€556€1k▲ 137%
Gross operating margin9900€24k€11k€36k€19k€6k▼ 69.1%
Operating profit (loss)9901€24k€10k€36k€18k€4k▼ 75.4%
Financial income75/76B-€0-€1€2k▲ 306,756%
Recurring financial income75€1€0-€1€2k▲ 306,756%
Financial charges65/66B-€644€625€879€712▼ 19.0%
Recurring financial charges65€554€644€625€879€712▼ 19.0%
Profit (loss) for the period before taxes9903€23k€9k€35k€17k€6k▼ 65.4%
Income taxes67/77€5k€2k€8k€4k€2k▼ 53.3%
Profit (loss) for the period9904€18k€7k€27k€13k€4k▼ 69.2%
Profit (loss) for the period to be appropriated9905€18k€7k€27k€13k€4k▼ 69.2%
Line20202021202220232024Change
Assets
Total assets20/58€123k€115k€148k€164k€163k▼ 0.9%
Current assets29/58€123k€115k€148k€164k€163k▼ 0.9%
Amounts receivable within one year40/41€122k€22k€82k€122k€147k▲ 20.9%
Trade receivables40-€2k€24k€25k€5k▼ 80.1%
Other amounts receivable41-€20k€59k€97k€142k▲ 46.5%
Cash at bank and in hand54/58€1k€93k€65k€43k€16k▼ 63.3%
Equity and liabilities
Total equity and liabilities10/49€123k€115k€148k€164k€163k▼ 0.9%
Equity10/15€100k€106k€134k€147k€151k▲ 2.8%
Contributions10/11-€6k€6k€6k€6k=
Reserves13€2k€2k€2k€2k€2k=
Non-distributable reserves130/1-€2k€2k€2k€2k=
Reserves not available under the articles1311-€2k€2k€2k€2k=
Profit (loss) carried forward14€91k€98k€126k€139k€143k▲ 2.9%
Amounts payable17/49€24k€9k€14k€17k€12k▼ 32.1%
Amounts payable within one year42/48€24k€9k€14k€17k€12k▼ 32.1%
Trade debts44€14k€6k€5k€13k€10k▼ 22.1%
Suppliers440/4-€6k€5k€13k€10k▼ 22.1%
Taxes, remuneration and social security45-€3k€8k€5k€2k▼ 58.7%
Taxes450/3-€3k€8k€5k€2k▼ 58.7%
Line20202021202220232024Change
Profit (loss) for the period9904€18k€7k€27k€13k€4k▼ 69.2%
Operating cash flow (approximation)€18k€7k€27k€13k€4k▼ 69.2%
Change in cash-€92k€-28k€-23k€-27k▼ 19.1%

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

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Timeline · acts, filings and financial milestones

2025
30-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial Weakest financial yearnet €4k ▼69.2%
Net result drops to €4k, the lowest in the series.
31-12
Financial Equity above €150kEq €151k ▲2.8%
7 profitable years in a row build equity to €151k.
29-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
21-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 82 days late
2022
31-12
Financial Highest result since 2018net €27k ▲292%
Operating result €36k, net result €27k, both a record.
28-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-12
Financial Liquidity triplescurrent ratio 13.09
Current ratio from 5.23 to 13.09; short-term debt falls from €24k to €9k.
31-12
Financial Equity above €100kEq €106k ▲7%
4 profitable years in a row build equity to €106k.
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
26-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
28-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 120 days late
Show earlier events
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
20-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
2016
02-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 124 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Balen · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
916 m²
Building footprint
336 m²
Volume, LiDAR
1,718 m³
Parcel 13342B1318/00Z006, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Sicher
Kapelstraat 44, 2490 BalenScientific research and development
since 20142.233.499.729
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13342B1318/00Z006 Flanders 916 m² 1 · 336 m² 10.4 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.

Similar companies · same sector, comparable size

Of 1,178 companies in sector 72109 we hold annual accounts for 715. 473 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
Founded24-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
74999Other professional, scientific and technical activities
82990Other business support services
86910Medical imaging and medical laboratories
86995Nutrition and dietetics services

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