SIDEC
ActiveSIDEC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.98M and a net result of €343k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-8
Solvency99▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 2.87 in 2024), and 38% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Sector 20
lower
← 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62%
Return on assets
4.3%
Age of the figures
8 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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
9 d early
2023
6 d late
2022
13 d early
2021
34 d early
2020
22 d early
2019
17 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.87M
EBIT margin
9.5%
Net result
€343k▼ 12.6%
2024 · €393k
2018: €298k
2019: €315k
2020: €90k
2021: €658k
2022: €-95k
2023: €876k
2024: €393k
2018 → 2025
Working capital
€2.72M▼ 15.4%
2024 · €3.22M
2018: €1.57M
2019: €1.31M
2020: €1.77M
2021: €2.48M
2022: €2.32M
2023: €3.32M
2024: €3.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.87M
Equity€3.64M-€3.54M▼ 2.6%€4.30M▲ 21.5%€4.67M▲ 8.4%€4.98M▲ 6.8%
Operating result€696k-€33k▼ 95.2%€939k▲ 2,719%€425k▼ 54.7%€398k▼ 6.5%
Net result€658k-€-95k€876k€393k▼ 55.2%€343k▼ 12.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.04M
Fixed assets
€3.67M▲ 12.1%
Current assets
€4.36M▼ 11.7%
Equity and liabilities €8.04M
Equity
€4.98M▲ 6.8%
Provisions
€52k▼ 51.1%
Debt
€3.00M▼ 12.9%
The debt ratio falls from 41.9% to 37.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.01M▼
2024 · €1.02M
Cash flow
€955k▼
2024 · €986k
Solvency
62.0%▲
2024 · 56.8%
Current ratio
2.66▼
2024 · 2.87
Quick ratio
1.73▼
2024 · 2.02
Debt / equity
0.60▼
2024 · 0.74
ROE
6.9%▼
2024 · 8.4%
ROA
4.3%▼
2024 · 4.8%
Interest coverage
9.78▲
2024 · 8.52
Debt
€3.00M▼
2024 · €3.44M
Debt ≤ 1 year
€1.64M▼
2024 · €1.72M
Debt > 1 year
€1.31M▼
2024 · €1.70M
Income taxes
€4k▲
2024 · €4k
Staff costs
€2.55M▲
2024 · €2.36M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.22M€8.04M▼
Fixed assets21/28€3.28M€3.67M▲
Intangible fixed assets21€153k€229k▲
Tangible fixed assets22/27€3.13M€3.44M▲
Land and buildings22€1.47M€1.65M▲
Plant, machinery and equipment23€698k€505k▼
Furniture and vehicles24€71k€529k▲
Leasing and similar rights25€892k€764k▼
Financial fixed assets28€53€53=
Current assets29/58€4.94M€4.36M▼
Stocks and contracts in progress3€1.46M€1.52M▲
Stocks30/36€1.46M€1.52M▲
Amounts receivable within one year40/41€596k€873k▲
Trade receivables40€524k€806k▲
Other amounts receivable41€72k€68k▼
Current investments50/53€2.21M€1.15M▼
Cash at bank and in hand54/58€607k€765k▲
Deferred charges and accrued income490/1€64k€55k▼
Equity and liabilities
Total equity and liabilities10/49€8.22M€8.04M▼
Equity10/15€4.67M€4.98M▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€4.57M€4.88M▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€4.56M€4.87M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€107k€52k▼
Provisions for liabilities and charges160/5€107k€52k▼
Other liabilities and charges164/5€107k€52k▼
Amounts payable17/49€3.44M€3.00M▼
Amounts payable after more than one year17€1.70M€1.31M▼
Financial debts170/4€1.70M€1.31M▼
Amounts payable within one year42/48€1.72M€1.64M▼
Current portion of amounts payable after more than one year42€738k€370k▼
Trade debts44€584k€831k▲
Suppliers440/4€584k€831k▲
Taxes, remuneration and social security45€346k€392k▲
Taxes450/3€25k€62k▲
Remuneration and social security454/9€321k€330k▲
Other amounts payable47/48€51k€47k▼
Accrued charges and deferred income492/3€30k€47k▲
Income statement
Code20242025
Non-recurring operating income76A€13k€13k▲
Remuneration, social security and pensions62€2.36M€2.55M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€593k€612k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-64k€5k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€1k€-54k▼
Other operating charges640/8€129k€76k▼
Non-recurring operating charges66A-€42k
Gross operating margin9900€3.44M€3.63M▲
Operating profit (loss)9901€425k€398k▼
Financial income75/76B€91k€53k▼
Recurring financial income75€91k€53k▼
Financial charges65/66B€120k€103k▼
Recurring financial charges65€120k€103k▼
Profit (loss) for the period before taxes9903€397k€348k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€393k€343k▼
Profit (loss) for the period to be appropriated9905€393k€343k▼
Appropriation of the result
Profit (loss) to be appropriated9906€393k€343k▼
Transfer to equity691/2€362k€317k▼
To other reserves6921€362k€317k▼
Profit to be distributed694/7€31k€26k▼
Return on contributions (dividend)694€0-
Directors or managers695€30k€26k▼
Other beneficiaries697€1k€0▼
Social balance
Average headcount (FTE)908730.330.1▼
The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 6 days late
2023
31-12
Financial
Back to profitnet €876k
Net result €876k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-95k ▼114%
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2024
Donckers Griet
CurrentDirector · since 01-12-2024
Jasily BV
CurrentDirector · since 16-06-2022 · Legal entity · perm. rep.: Jonckers Yves
Donckers Guido
CurrentDirector · since 16-06-2021
01-12-2024
Donckers Griet: Appointed as Director
01-12-2024
Donckers Leen: Resigned as Director
16-06-2022
Jasily BV: Appointed as Director
16-06-2022
Jasily BV: Appointed as Chair
16-06-2022
Jasily BV: Appointed as Managing director
16-06-2022
D&J Partners BV: Appointed as Permanent representative
16-06-2022
Jasily BV: Appointed as Permanent representative
16-06-2021
Donckers Guido: Appointed as Director
Location & real-estate footprint
Registered office, Balen · 1 establishment unit since 1986
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.
Industrieweg 102490 BalenGround area
1.2 ha
Building footprint
5,802 m²
Volume, LiDAR
46,121 m³
Parcel 13003A0087/00H000, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIDEC
since 19862.035.195.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A0087/00H000 | Flanders | 1.2 ha | 1 · 5,802 m² | 14.9 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 39,612 EUR awarded · 39,691 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 21,606 EUR | 21,973 EUR |
| 2024 | 2 | -17,252 EUR | 7,382 EUR |
| 2023 | 2 | -242 EUR | 2,836 EUR |
| 2022 | 3 | 35,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Individueel Maatwerk
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
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Of 691 companies in sector 20300 we hold annual accounts for 443. 185 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-08-1986
Fiscal year end31-12
Activities, NACEBEL
20300Manufacture of chemicals and chemical products
22240Manufacture of rubber and plastic products
25230
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.