Sidelec
ActiveSummary
The computed 12-month bankruptcy probability of Sidelec is 6.5% (elevated). For Sidelec, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €196,892 and a net result of -€27,727. Equity is shrinking by about 22% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. The company has been active since 1972 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 3 administrative register entries (see administrative flags).
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 15 October 2026.
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €14,660 in 2023 against €164,213 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
- 2019 Net result -620% on 2018. The accounts now follow the micro format, last year the full format.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €683,762 | €2,796 | €2,796 | €2,795 | €2,796 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €131,218 | - | - |
| Other operating charges640/8 | - | - | €868 | €982 | €756 | €1,705 | ▲ 126% |
| Gross operating margin9900 | - | €103,914 | -€24,731 | -€19,716 | -€29,444 | -€10,159 | ▲ 65.5% |
| Operating profit (loss)9901 | €127,175 | -€579,848 | -€28,395 | -€23,494 | -€164,213 | -€14,660 | ▲ 91.1% |
| Financial income75/76B | - | - | €41,927 | €12,967 | €14,794 | - | - |
| Recurring financial income75 | €4,983 | - | €6,288 | €12,967 | €14,794 | - | - |
| Non-recurring financial income76B | - | - | €35,639 | - | - | - | - |
| Financial charges65/66B | - | - | €31,036 | €142 | €8,234 | €258 | ▼ 96.9% |
| Recurring financial charges65 | €252 | - | €31,036 | €142 | €105 | €258 | ▲ 146% |
| Non-recurring financial charges66B | - | - | - | - | €8,129 | - | - |
| Profit (loss) for the period before taxes9903 | €50,906 | -€579,848 | -€17,504 | -€10,669 | -€157,653 | -€14,918 | ▲ 90.5% |
| Income taxes67/77 | €131,449 | - | €692 | - | - | €12,809 | - |
| Profit (loss) for the period9904 | -€80,543 | -€579,848 | -€18,196 | -€10,669 | -€157,653 | -€27,727 | ▲ 82.4% |
| Profit (loss) for the period to be appropriated9905 | -€80,543 | -€579,848 | -€18,196 | -€10,669 | -€157,653 | -€27,727 | ▲ 82.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.4m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 0.2% |
| Fixed assets21/28 | €0.008m | €0.02m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 15.6% |
| Tangible fixed assets22/27 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 15.6% |
| Furniture and vehicles24 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 15.6% |
| Financial fixed assets28 | €0.008m | €0.008m | €0.008m | €0.008m | €1 | €1 | = |
| Current assets29/58 | €1.4m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €1.1m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 0.5% |
| Trade receivables40 | - | €0.04m | €0.04m | €0.04m | €0.05m | €0.05m | = |
| Other amounts receivable41 | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 0.6% |
| Current investments50/53 | €0.1m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | = |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.4m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 0.2% |
| Equity10/15 | €1.0m | €0.4m | €0.4m | €0.4m | €0.2m | €0.2m | ▼ 12.3% |
| Contributions10/11 | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Capital10 | - | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Issued capital100 | - | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€4.1m | -€4.7m | -€4.7m | -€4.8m | -€4.9m | -€4.9m | ▼ 0.6% |
| Provisions and deferred taxes16 | €0.08m | - | - | - | - | - | - |
| Amounts payable17/49 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 6.9% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 6.9% |
| Financial debts43 | - | €0.1m | €0.1m | €0.1m | - | - | - |
| Other loans439 | - | €0.1m | €0.1m | €0.1m | - | - | - |
| Trade debts44 | €0.03m | €0.02m | €0.03m | €0.03m | €0.05m | €0.06m | ▲ 31.8% |
| Suppliers440/4 | - | €0.02m | €0.03m | €0.03m | €0.05m | €0.06m | ▲ 31.8% |
| Advances received on contracts in progress46 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Taxes, remuneration and social security45 | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Taxes450/3 | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other amounts payable47/48 | - | €0.05m | €0.04m | €0.05m | €0.2m | €0.2m | ▲ 5.1% |
| Accrued charges and deferred income492/3 | - | €34 | €35 | €35 | €34 | €34 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,543 | -€579,848 | -€18,196 | -€10,669 | -€157,653 | -€27,727 | ▲ 82.4% |
| + Depreciation and write-downs630 | - | €683,762 | €2,796 | €2,796 | €2,795 | €2,796 | = |
| Operating cash flow (approximation) | -€80,543 | €103,914 | -€15,400 | -€7,873 | -€154,858 | -€24,931 | ▲ 83.9% |
| Investment in fixed assets (approximation) | - | -€698,796 | -€11,252 | €0 | €8,129 | €0 | ▼ 100% |
| Change in cash | - | -€44,577 | €9,489 | -€9,283 | -€82 | -€2 | ▲ 97.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 23-09-2025 | 2025-00503729 |
| 31-12-2022 | micro format | 23-09-2025 | 2025-00504081 |
| 31-12-2021 | micro format | 23-09-2025 | 2025-00503629 |
| 31-12-2020 | micro format | 23-09-2025 | 2025-00503920 |
| 31-12-2019 | micro format | 23-09-2025 | 2025-00504050 |
| 31-12-2018 | full format | 10-09-2019 | 2019-63800562 |
| 31-12-2017 | full format | 10-09-2019 | 2019-63800539 |
| 31-12-2016 | full format | 10-09-2019 | 2019-63800515 |
| 31-12-2015 | full format | 10-09-2019 | 2019-63800496 |
| 31-12-2014 | full format | 15-07-2019 | 2019-33000064 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.