Equity
€55,370 ▼ 63.3%
SICHER paid out €170,000 in dividends. That is 274% of the 2025 profit.
SICHER
Lifetime
11 annual accounts with figures on one time axispeak €80,908 (2025)
€80,908▲ 14×
peak €61,977 (2025)
€61,977▲ 15×
peak €150,993 (2024)
€55,370▼ 63.3%
€190,816▲ 16×
Board2 names since 2014
2 directorsPÎRVANESCU Alice Cristina and 1 other
Documentsfilings and deeds
12-10-202673 days late
2025micro format
Gross margin from €5,802 to €80,908Result from €4,045 to €61,977Dividend €170,000Equity from €150,993 to €55,370Debts from €11,716 to €190,816Cash from €15,628 to €37,803
Key points
from the 2025 annual accountsResult
€61,977 ▲ 15×
The result rose in 2025 from €4,045 to €61,977.
Debts
€190,816 78% of the balance sheet
Suppliers 1%Taxes and wages 9%Other 89%
Liquidity
1.29 was 13.89 in 2024
Short-term debts rose from €11,716 to €190,816.
Filings
11 annual accounts 73 days
Latest accounts filed late: after the legal deadline.
Board
1 joined · 1 left
Board changed. Latest change 01-04-2026 · 1 in office.
Checked score
68
Healthy
Financially stronger than 36% of micro companies in research and development (NACE 72)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 932 companies (NACE 72, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.6%▲ +0.1 percentage points vs 09-2025
11-2025: 0.7%▲ +0.1 percentage points vs 10-2025
12-2025: 0.9%▲ +0.2 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.7%▼ -0.2 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.3 percentage points vs 07-2026
09-2026: 1.1%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.8%▼ -0.3 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 73 days late; 3 of the last 3 accounts late
lowers risk
Founded in 2014
Sector: Scientific research and development (NACE 72)
Liquidity: current ratio 1.29, cash €37,803
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 72, micro). It does better than 29% of them on solvency, 12% on liquidity, 90% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as SICHER has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SICHER itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 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 5,053 companies, not a prediction for SICHER. 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.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (13.89 in 2024), below the usual 1.5. Short-term debt is 77.5% and cash 15.4% of total assets. 77.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 73 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-10-2026, 73 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
73 days late
2024
91 days late
2023
60 days late
2022
82 days late
2021
120 days late
2020
61 days late
2019
118 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 86 days after the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Pirvanescu Alice (director)
Appointment: Arotaritei Narcis (director) · General meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0556983797
Appointment: PÎRVANESCU Alice Cristina (director)
Gazette deed
Incorporation
published on 11-08-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SICHER Balen | €246,186 | €80,908 | 22.5% | - |
| CeeMCee Pharma Consulting Zoersel | €281,777 | €94,921 | 84.5% | - |
| AnaLIStics Kontich | €208,698 | €94,181 | 44.4% | - |
| european sustainable phosphorus platform Etterbeek | €209,009 | €94,594 | 87.5% | - |
| DOCTEUR N SARLET Verviers | €283,689 | €62,311 | 95.5% | - |
| SIBO CONSULT Hannut | €305,598 | €90,803 | 60.9% | - |
| DUURZAAM REPAREREN BELGIUM Antwerp | €273,963 | €43,857 | 2.3% | - |
These companies have the same main activity as SICHER: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €209,000 and €306,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 24-07-2014Normal situation
- Activity
- Other research and development on natural sciencesNACE 72109and 4 others
- Establishment unit
- 2.233.499.7292490 Balen, since 24-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 28-07-2024
Insights on SICHER
SICHER files the micro format. That format states no turnover. The gross margin rose from €39,845 in 2015 to €80,908 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SICHER
- What is the company number of SICHER?
- The company number of SICHER is 0556.983.797. The VAT number is the same number with BE in front: BE 0556.983.797.
- Where is SICHER based?
- The registered office is at Kapelstraat 44, 2490 Balen.Company details
- What does SICHER do?
- According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
- What is the legal form of SICHER?
- SICHER is a private limited company (BV).
- When was SICHER founded?
- SICHER was founded on 24-07-2014.
- Is SICHER still active?
- Yes, SICHER is an active enterprise in the KBO register.
- What is the turnover of SICHER?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €80,908 and 2,667 comparable companies of the same size. It probably lies between €160,000 and €420,000. It is a rough estimate.Financials
- Is SICHER profitable?
- In financial year 2025, SICHER made a profit of €61,977.
- Where can I find the annual accounts of SICHER?
- SICHER filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SICHER due?
- SICHER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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