Sideris Projects
ActiveSummary
Sideris Projects has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57,319 and a net result of €599. Equity is shrinking by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69=
Solvency49▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 13.11 against 18.86 in 2023; short-term debt: 7.4% and cash: 3.5% of total assets), but 75.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
24.3%
Return on assets
0.3%
Age of the figures
21 mo
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
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
28 d early
2023
27 d early
2022
32 d early
2021
23 d early
2020
38 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€57,319▲ 1.1%
2023 · €56,720
Total assets
€235,463▲ 2.5%
2023 · €229,612
Net result
€599▼ 39.6%
2023 · €991
Working capital
€211,748▲ 1.0%
2023 · €209,649
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€17,241▼ 713%€901€1,793▲ 99.0%€707▼ 60.6%€298▼ 57.9%
Net result-€17,472below the sector's middle half▼ 648%€845within the sector's middle half€2,016within the sector's middle half▲ 139%€991within the sector's middle half▼ 50.8%€599within the sector's middle half▼ 39.6%
Equity€52,868within the sector's middle half▼ 24.8%€53,713within the sector's middle half▲ 1.6%€55,729within the sector's middle half▲ 3.8%€56,720within the sector's middle half▲ 1.8%€57,319within the sector's middle half▲ 1.1%
Total assets€227,110within the sector's middle half▼ 5.1%€231,791within the sector's middle half▲ 2.1%€239,094within the sector's middle half▲ 3.2%€229,612within the sector's middle half▼ 4.0%€235,463within the sector's middle half▲ 2.5%
Debt€174,243▲ 3.1%€178,078▲ 2.2%€183,365▲ 3.0%€172,892▼ 5.7%€178,144▲ 3.0%
Working capital€182,183above the sector's middle half▲ 182%€184,197above the sector's middle half▲ 1.1%€186,383above the sector's middle half▲ 1.2%€209,649above the sector's middle half▲ 12.5%€211,748above the sector's middle half▲ 1.0%
Solvency23.3%within the sector's middle half▼ 6.1pp23.2%within the sector's middle half▼ 0.1pp23.3%within the sector's middle half▲ 0.1pp24.7%within the sector's middle half▲ 1.4pp24.3%within the sector's middle half▼ 0.4pp
Current ratio5.18above the sector's middle half▲ 3.804.93above the sector's middle half▼ 0.254.54above the sector's middle half▼ 0.3918.86above the sector's middle half▲ 14.3213.11above the sector's middle half▼ 5.75
Return on assets (ROA)-7.7%below the sector's middle half▼ 6.7pp0.4%within the sector's middle half▲ 8.1pp0.8%within the sector's middle half▲ 0.5pp0.4%within the sector's middle half▼ 0.4pp0.3%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 58% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €235,463
Fixed assets
€6,226 ▼ 24.3%
Current assets
€229,237 ▲ 3.5%
Equity and liabilities €235,463
Equity
€57,319 ▲ 1.1%
Debt
€178,144 ▲ 3.0%
Debt's share of the balance-sheet total rises from 75.3% to 75.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,297▼
2023 · €2,478
Cash flow
€2,598▼
2023 · €2,762
Debt to equity
3.11▲
2023 · 3.05
ROE
1.0%▼
2023 · 1.7%
Interest coverage
16.52▼
2023 · 17.91
Debt ≤ 1 year
€17,490▲
2023 · €11,738
Debt > 1 year
€160,654=
2023 · €160,654
Income taxes
€140▲
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,461 | €669 | €669 | €1,771 | €1,999 | ▲ 12.9% |
| Other operating charges640/8 | - | €1,318 | €1,269 | €816 | €2,918 | ▲ 258% |
| Gross operating margin9900 | -€10,841 | €2,888 | €3,732 | €3,294 | €5,215 | ▲ 58.3% |
| Operating profit (loss)9901 | -€17,241 | €901 | €1,793 | €707 | €298 | ▼ 57.9% |
| Financial income75/76B | - | €188 | €485 | €555 | €580 | ▲ 4.6% |
| Recurring financial income75 | €8 | €188 | €485 | €555 | €580 | ▲ 4.6% |
| Financial charges65/66B | - | €127 | €142 | €138 | €139 | ▲ 0.5% |
| Recurring financial charges65 | €124 | €127 | €142 | €138 | €139 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | -€17,356 | €962 | €2,136 | €1,123 | €739 | ▼ 34.2% |
| Income taxes67/77 | €116 | €117 | €120 | €132 | €140 | ▲ 6.1% |
| Profit (loss) for the period9904 | -€17,472 | €845 | €2,016 | €991 | €599 | ▼ 39.6% |
| Profit (loss) for the period to be appropriated9905 | -€17,472 | €845 | €2,016 | €991 | €599 | ▼ 39.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227,110 | €231,791 | €239,094 | €229,612 | €235,463 | ▲ 2.5% |
| Fixed assets21/28 | €1,339 | €669 | €0 | €8,225 | €6,226 | ▼ 24.3% |
| Tangible fixed assets22/27 | €1,339 | €669 | €0 | €8,225 | €6,226 | ▼ 24.3% |
| Plant, machinery and equipment23 | - | €669 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €8,225 | €6,226 | ▼ 24.3% |
| Current assets29/58 | €225,771 | €231,121 | €239,094 | €221,387 | €229,237 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €622 | €1,930 | €1,097 | €3,875 | €9,091 | ▲ 135% |
| Trade receivables40 | - | €581 | €432 | €0 | €7,084 | - |
| Other amounts receivable41 | - | €1,350 | €664 | €3,875 | €2,008 | ▼ 48.2% |
| Cash at bank and in hand54/58 | €13,185 | €17,226 | €26,033 | €5,548 | €8,182 | ▲ 47.5% |
| Deferred charges and accrued income490/1 | - | €211,965 | €211,965 | €211,965 | €211,965 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227,110 | €231,791 | €239,094 | €229,612 | €235,463 | ▲ 2.5% |
| Equity10/15 | €52,868 | €53,713 | €55,729 | €56,720 | €57,319 | ▲ 1.1% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€47,132 | -€46,287 | -€44,271 | -€43,280 | -€42,681 | ▲ 1.4% |
| Amounts payable17/49 | €174,243 | €178,078 | €183,365 | €172,892 | €178,144 | ▲ 3.0% |
| Amounts payable after more than one year17 | €130,654 | €130,654 | €130,654 | €160,654 | €160,654 | = |
| Financial debts170/4 | - | €130,654 | €130,654 | €160,654 | €160,654 | = |
| Amounts payable within one year42/48 | €43,589 | €46,924 | €52,711 | €11,738 | €17,490 | ▲ 49.0% |
| Trade debts44 | €43,474 | €44,618 | €43,474 | €300 | €1,832 | ▲ 511% |
| Suppliers440/4 | - | €44,618 | €43,474 | €300 | €1,832 | ▲ 511% |
| Taxes, remuneration and social security45 | - | €305 | €238 | €438 | €258 | ▼ 41.2% |
| Taxes450/3 | - | €305 | €238 | €438 | €258 | ▼ 41.2% |
| Other amounts payable47/48 | - | €2,000 | €9,000 | €11,000 | €15,400 | ▲ 40.0% |
| Accrued charges and deferred income492/3 | - | €500 | €0 | €500 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,472 | €845 | €2,016 | €991 | €599 | ▼ 39.6% |
| + Depreciation and write-downs630 | €4,461 | €669 | €669 | €1,771 | €1,999 | ▲ 12.9% |
| Operating cash flow (approximation) | -€13,011 | €1,515 | €2,686 | €2,762 | €2,598 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€9,996 | €0 | ▲ 100% |
| Change in cash | - | €4,041 | €8,807 | -€20,485 | €2,633 | ▲ 113% |
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
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 18.86
Current ratio from 4.54 to 18.86; short-term debt falls from €52,711 to €11,738.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €2,016 ▲139%
Operating result €1,793, net result €2,016, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €845
Net result €845 after 3 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€17,472
Net result drops to -€17,472, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 5.18
Current ratio from 1.38 to 5.18; short-term debt falls from €168,961 to €43,589.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
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.
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, Waasmunster · 1 establishment unit since 2015
Ground area
4,512 m²
Building footprint
294 m²
Volume, LiDAR
1,598 m³
Parcel 42023B1095/00F000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Nijverheidslaan 223, 9250 Waasmunster
since 20152.240.084.544
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B1095/00F000 | Flanders | 4,512 m² | 1 · 294 m² | 9.0 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 368 EUR awarded · 368 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 368 EUR | 368 EUR |
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 5,114 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
Founded24-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598926302
Also
9925:BE0598926302
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.