Sidec Construct
ActiveSummary
The computed 12-month bankruptcy probability of Sidec Construct is 3.3% (moderate). The annual accounts of Sidec Construct for fiscal year 2024 show a net loss of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €3k and a net result of €-3k. Equity is shrinking by ~21.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 20% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-47
Solvency38▼-8
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.44 against 1.96 in 2023; short-term debt: 69.4% and cash: 64.1% of total assets), and 87.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.6%
Return on assets
-13.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
12 d early
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3k▼ 52.1%
2023 · €6k
2022: €5k
2023: €6k▲ +19.6% vs 2022highest in 3 years
2024: €3k▼ -52.1% vs 2023lowest in 3 years
2022 → 2024
Total assets
€24k▼ 21.2%
2023 · €31k
2022: €36khighest in 3 years
2023: €31k▼ -15.8% vs 2022
2024: €24k▼ -21.2% vs 2023lowest in 3 years
2022 → 2024
Net result
€-3k
2023 · €1k
2022: €2khighest in 3 years
2023: €1k▼ -54.5% vs 2022
2024: €-3k▼ -418% vs 2023lowest in 3 years
2022 → 2024
Working capital
€7k▼ 50.6%
2023 · €15k
2022: €18khighest in 3 years
2023: €15k▼ -16.8% vs 2022
2024: €7k▼ -50.6% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€6k▲ 19.6%€3k▼ 52.1%
2022: €5k
2023: €6k▲ +19.6% vs 2022highest in 3 years
2024: €3k▼ -52.1% vs 2023lowest in 3 years
Operating result€5k-€2k▼ 57.8%€-3k
2022: €5khighest in 3 years
2023: €2k▼ -57.8% vs 2022
2024: €-3k▼ -245% vs 2023lowest in 3 years
Net result€2k-€1k▼ 54.5%€-3k
2022: €2khighest in 3 years
2023: €1k▼ -54.5% vs 2022
2024: €-3k▼ -418% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €24k
Equity
€3k ▼ 52.1%
Debt
€21k ▼ 13.2%
Debt's share of the balance-sheet total rises from 79.4% to 87.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.44▼
2023 · 1.96
Quick ratio
1.19▼
2023 · 1.40
Debt to equity
6.96▲
2023 · 3.84
ROE
-108.6%▼
2023 · 16.4%
ROA
-13.6%▼
2023 · 3.4%
Debt ≤ 1 year
€17k▲
2023 · €16k
Debt > 1 year
€4k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €156 | - | - |
| Other operating charges640/8 | €415 | €179 | €577 | ▲ 223% |
| Gross operating margin9900 | €7k | €2k | €-2k | ▼ 199% |
| Operating profit (loss)9901 | €5k | €2k | €-3k | ▼ 245% |
| Financial income75/76B | €10 | €1 | - | - |
| Recurring financial income75 | €10 | €1 | - | - |
| Financial charges65/66B | €2k | €643 | €449 | ▼ 30.2% |
| Recurring financial charges65 | €2k | €643 | €449 | ▼ 30.2% |
| Profit (loss) for the period before taxes9903 | €3k | €1k | €-3k | ▼ 351% |
| Income taxes67/77 | €571 | €276 | - | - |
| Profit (loss) for the period9904 | €2k | €1k | €-3k | ▼ 418% |
| Profit (loss) for the period to be appropriated9905 | €2k | €1k | €-3k | ▼ 418% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €36k | €31k | €24k | ▼ 21.2% |
| Fixed assets21/28 | €156 | - | - | - |
| Intangible fixed assets21 | €1 | - | - | - |
| Tangible fixed assets22/27 | €155 | - | - | - |
| Plant, machinery and equipment23 | €155 | - | - | - |
| Current assets29/58 | €36k | €31k | €24k | ▼ 21.2% |
| Stocks and contracts in progress3 | €8k | €9k | €4k | ▼ 50.6% |
| Stocks30/36 | €8k | €9k | €4k | ▼ 50.6% |
| Amounts receivable within one year40/41 | €8k | €3k | €4k | ▲ 55.1% |
| Trade receivables40 | €7k | €1k | €455 | ▼ 58.1% |
| Other amounts receivable41 | €1k | €2k | €4k | ▲ 126% |
| Cash at bank and in hand54/58 | €20k | €18k | €15k | ▼ 14.3% |
| Deferred charges and accrued income490/1 | - | €1k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €36k | €31k | €24k | ▼ 21.2% |
| Equity10/15 | €5k | €6k | €3k | ▼ 52.1% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €2k | €3k | €21 | ▼ 99.4% |
| Distributable reserves133 | €2k | €3k | €21 | ▼ 99.4% |
| Amounts payable17/49 | €31k | €24k | €21k | ▼ 13.2% |
| Amounts payable after more than one year17 | €13k | €9k | €4k | ▼ 49.6% |
| Financial debts170/4 | €13k | €9k | €4k | ▼ 49.6% |
| Amounts payable within one year42/48 | €18k | €16k | €17k | ▲ 6.9% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | ▲ 1.7% |
| Trade debts44 | €3k | €3k | €3k | ▼ 19.6% |
| Suppliers440/4 | €3k | €3k | €3k | ▼ 19.6% |
| Advances received on contracts in progress46 | €2k | - | - | - |
| Taxes, remuneration and social security45 | €554 | €327 | - | - |
| Taxes450/3 | €554 | €327 | - | - |
| Other amounts payable47/48 | €9k | €8k | €10k | ▲ 26.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €1k | €-3k | ▼ 418% |
| + Depreciation and write-downs630 | €2k | €156 | - | - |
| Operating cash flow (approximation) | €4k | €1k | €-3k | ▼ 376% |
| Change in cash | - | €-2k | €-3k | ▼ 21.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Tielt · 1 establishment unit since 2021
Ground area
6,887 m²
Building footprint
572 m²
Volume, LiDAR
83 m³
Parcel 37322B0743/00E000, Flanders · tallest building 23.6 m. Linked by address, not a title deed.
1 establishment unit
Sidec Construct
since 20212.316.366.136
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322B0743/00E000 | Flanders | 6,887 m² | 1 · 572 m² | 23.6 m |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 4,613 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
Founded19-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43429Specialised construction activities
43910Bricklaying and masonry work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.