SIDAL
BankruptcyThe KBO register records for SIDAL the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €189k and a net result of €15k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-08-2024, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
28 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€189k▲ 8.7%
2022 · €174k
2018: €111k
2019: €126k
2020: €70k
2021: €86k
2022: €174k
2018 → 2023
Total assets
€399k▼ 4.7%
2022 · €419k
2018: €172k
2019: €192k
2020: €255k
2021: €215k
2022: €419k
2018 → 2023
Net result
€15k▼ 82.7%
2022 · €88k
2018: €-6k
2019: €15k
2020: €16k
2021: €16k
2022: €88k
2018 → 2023
Working capital
€164k▲ 11.9%
2022 · €147k
2018: €107k
2019: €118k
2020: €61k
2021: €64k
2022: €147k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€126k-€70k▼ 44.7%€86k▲ 23.1%€174k▲ 102%€189k▲ 8.7%
Operating result€16k-€14k▼ 11.6%€25k▲ 75.4%€121k▲ 383%€49k▼ 59.2%
Net result€15k-€16k▲ 6.8%€16k▲ 2.7%€88k▲ 447%€15k▼ 82.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 59% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €399k
Fixed assets
€46k▼ 30.2%
Current assets
€353k▲ 0.1%
Equity and liabilities €399k
Equity
€189k▲ 8.7%
Debt
€210k▼ 14.3%
The debt ratio falls from 58.5% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74k▼
2022 · €143k
Cash flow
€40k▼
2022 · €110k
Solvency
47.3%▲
2022 · 41.5%
Current ratio
1.87▲
2022 · 1.71
Quick ratio
1.87▲
2022 · 1.71
Debt / equity
1.11▼
2022 · 1.41
ROE
8.0%▼
2022 · 50.6%
ROA
3.8%▼
2022 · 21.0%
Interest coverage
20.11▼
2022 · 51.84
Debt
€210k▼
2022 · €245k
Debt ≤ 1 year
€189k▼
2022 · €206k
Debt > 1 year
€22k▼
2022 · €39k
Income taxes
€35k▼
2022 · €36k
Staff costs
€391k▲
2022 · €233k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€419k€399k▼
Fixed assets21/28€66k€46k▼
Tangible fixed assets22/27€61k€41k▼
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24€56k€34k▼
Financial fixed assets28€6k€6k=
Current assets29/58€353k€353k▲
Amounts receivable within one year40/41€255k€295k▲
Trade receivables40€157k€191k▲
Other amounts receivable41€98k€104k▲
Cash at bank and in hand54/58€98k€55k▼
Deferred charges and accrued income490/1€538€3k▲
Equity and liabilities
Total equity and liabilities10/49€419k€399k▼
Equity10/15€174k€189k▲
Contributions10/11€12k€12k=
Reserves13€48k€48k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€46k€48k▲
Profit (loss) carried forward14€114k€129k▲
Amounts payable17/49€245k€210k▼
Amounts payable after more than one year17€39k€22k▼
Financial debts170/4€39k€22k▼
Amounts payable within one year42/48€206k€189k▼
Current portion of amounts payable after more than one year42€22k€18k▼
Financial debts43€34-
Credit institutions430/8€34-
Trade debts44€122k€106k▼
Suppliers440/4€122k€106k▼
Taxes, remuneration and social security45€62k€65k▲
Taxes450/3€52k€65k▲
Remuneration and social security454/9€10k€484▼
Income statement
Code20222023
Remuneration, social security and pensions62€233k€391k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€25k▲
Other operating charges640/8€6k€80k▲
Gross operating margin9900€381k€544k▲
Operating profit (loss)9901€121k€49k▼
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€124k€51k▼
Income taxes67/77€36k€35k▼
Profit (loss) for the period9904€88k€15k▼
Profit (loss) for the period to be appropriated9905€88k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€144k€129k▼
Profit (loss) brought forward from the previous period14P€56k€114k▲
Transfer to equity691/2€30k-
To other reserves6921€30k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €88k ▲447%
Operating result €121k, net result €88k, both a record.
31-12
Financial
Equity above €150kEq €174k ▲102%
4 profitable years in a row build equity to €174k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 64 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Striemenbergstraat 139040 GentGround area
5,923 m²
Building footprint
923 m²
Volume, LiDAR
941 m³
Parcel 44061A0229/00M002, Flanders · tallest building 6.2 m. Linked by address, not a title deed.
1 establishment unit
Striemenbergstraat 13, 9040 Gent
since 20122.209.279.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061A0229/00M002 | Flanders | 5,923 m² | 1 · 923 m² | 6.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 784 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2012
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.