SIDER
ActiveFrom the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of SIDER is 2.4% (moderate). The 2025 annual accounts show negative equity (-€78,090) and a net result of -€9,623. Equity has been shrinking by about 7.1% per year since 2018. The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00434988.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 27-08-2026
- Format
- micro format
- Reference
- 2026-00434988
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is a loss of €9,222, after a profit of €7,132 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 6,907 companies had the same profile as SIDER has now. Two years later, 5.8% had gone bankrupt and 85.5% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIDER itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 6,907 companies, not a prediction for SIDER. 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.
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €74,933 | €57,832 | €59,854 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €87,769 | €48,234 | €52,120 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €61 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95 | €96 | €96 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,090 | €2,426 | €602 | €120 | ▼ 80.1% |
| Gross operating margin9900 | €5,510 | €7,122 | -€3,939 | -€12,836 | €9,599 | €7,734 | -€9,041 | - |
| Operating profit (loss)9901 | €2,653 | €4,901 | -€4,314 | -€14,926 | €7,173 | €7,132 | -€9,222 | - |
| Recurring financial income75 | - | €3 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €232 | €99 | €433 | €401 | ▼ 7.4% |
| Recurring financial charges65 | €411 | €896 | €428 | €232 | €99 | €433 | €401 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €2,143 | €4,008 | -€4,982 | -€15,157 | €7,074 | €6,699 | -€9,623 | - |
| Profit (loss) for the period9904 | €2,143 | €4,008 | -€4,982 | -€15,157 | €7,074 | €6,699 | -€9,623 | - |
| Profit (loss) for the period to be appropriated9905 | €2,143 | €4,008 | -€4,982 | -€15,157 | €7,074 | €6,699 | -€9,623 | - |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €19,822 | €22,096 | €29,498 | €25,848 | €36,227 | €49,211 | €50,460 | ▲ 2.5% |
| Fixed assets21/28 | €6,191 | €6,095 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Tangible fixed assets22/27 | €191 | €95 | - | - | - | - | - | - |
| Financial fixed assets28 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Current assets29/58 | €13,631 | €16,000 | €23,498 | €19,848 | €30,227 | €43,211 | €44,460 | ▲ 2.9% |
| Stocks and contracts in progress3 | €9,197 | €9,197 | €9,197 | €10,648 | €20,789 | €34,239 | €34,239 | = |
| Stocks30/36 | - | - | - | €10,648 | €20,789 | €34,239 | €34,239 | = |
| Amounts receivable within one year40/41 | €255 | €256 | €778 | - | - | - | €1,298 | - |
| Other amounts receivable41 | - | - | - | - | - | - | €1,298 | - |
| Cash at bank and in hand54/58 | €4,179 | €6,547 | €13,523 | €9,200 | €9,439 | €8,972 | €8,923 | ▼ 0.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €19,822 | €22,096 | €29,498 | €25,848 | €36,227 | €49,211 | €50,460 | ▲ 2.5% |
| Equity10/15 | -€48,227 | -€44,219 | -€49,201 | -€82,240 | -€75,166 | -€68,467 | -€78,090 | ▼ 14.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€66,827 | -€62,819 | -€67,801 | -€100,840 | -€93,766 | -€87,067 | -€96,690 | ▼ 11.1% |
| Amounts payable17/49 | €68,048 | €66,314 | €78,699 | €108,088 | €111,393 | €117,678 | €128,550 | ▲ 9.2% |
| Amounts payable within one year42/48 | €68,048 | €66,314 | €78,033 | €108,088 | €111,393 | €117,678 | €128,550 | ▲ 9.2% |
| Trade debts44 | €2,219 | €102 | - | €38,124 | €41,471 | €43,141 | €43,821 | ▲ 1.6% |
| Suppliers440/4 | - | - | - | €38,124 | €41,471 | €43,141 | €43,821 | ▲ 1.6% |
| Taxes, remuneration and social security45 | - | - | - | €1,661 | €2,440 | €12,832 | €12,825 | ▼ 0.1% |
| Taxes450/3 | - | - | - | €1,661 | €2,440 | €12,832 | €4,303 | ▼ 66.5% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €8,522 | - |
| Other amounts payable47/48 | - | - | - | €68,303 | €67,482 | €61,704 | €71,904 | ▲ 16.5% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,143 | €4,008 | -€4,982 | -€15,157 | €7,074 | €6,699 | -€9,623 | - |
| + Depreciation and write-downs630 | €95 | €96 | €96 | - | - | - | - | - |
| Operating cash flow (approximation) | €2,238 | €4,103 | -€4,887 | -€15,157 | €7,074 | €6,699 | -€9,623 | - |
| Investment in fixed assets (approximation) | - | €0 | -€0 | - | €0 | €0 | €0 | - |
| Change in cash | - | €2,369 | €6,976 | - | €239 | -€467 | -€49 | ▲ 89.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00434988 | NBB |
| 31-12-2024 | micro format | 31-10-2025 | 2025-00558915 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00456704 | |
| 31-12-2022 | micro format | 03-12-2023 | 2023-00523080 | |
| 31-12-2020 | micro format | 17-07-2021 | 2021-39400338 | |
| 31-12-2019 | micro format | 18-10-2020 | 2020-61800596 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56900234 | |
| 31-12-2017 | micro format | 11-09-2018 | 2018-62900423 | |
| 31-12-2016 | micro format | 02-08-2017 | 2017-41500274 | |
| 31-12-2015 | abbreviated format | 13-06-2016 | 2016-18300478 |
Subsidies and aid
Flemish government
2025 · 1 entry · €2,000 awarded · €2,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.