SIDERS
ActiveSummary
SIDERS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,107 and a net result of €720. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-13
Solvency100=
Growth66=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 9.27 against 4.64 in 2024; short-term debt: 10.3% and cash: 64.1% of total assets), and 13.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
86.7%
Return on assets
1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
7 d early
2023
27 d late
2022
3 d late
2021
59 d late
2020
45 d late
2019
87 d late
← 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 34 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€106,065▲ 3.2%
2018 · €102,815
EBIT margin
4.5%▲ 5.7pp
2018 · -1.2%
Net result
€720▼ 80.5%
2024 · €3,686
Working capital
€60,880▲ 12.4%
2024 · €54,147
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20212022202320242025
Turnover
Operating result-€2,374-€2,559▼ 7.8%€1,393€5,916▲ 325%€1,537▼ 74.0%
Net result-€1,758within the sector's middle half-€2,443within the sector's middle half▼ 39.0%€965within the sector's middle half€3,686within the sector's middle half▲ 282%€720within the sector's middle half▼ 80.5%
EBIT margin
Equity€59,178within the sector's middle half▼ 2.9%€56,735within the sector's middle half▼ 4.1%€57,700within the sector's middle half▲ 1.7%€61,386within the sector's middle half▲ 6.4%€62,107within the sector's middle half▲ 1.2%
Total assets€62,056within the sector's middle half▼ 9.6%€63,115within the sector's middle half▲ 1.7%€64,069within the sector's middle half▲ 1.5%€76,280within the sector's middle half▲ 19.1%€71,637within the sector's middle half▼ 6.1%
Debt€2,878▼ 62.7%€6,380▲ 122%€6,369▼ 0.2%€14,894▲ 134%€9,530▼ 36.0%
Working capital€56,403above the sector's middle half▲ 4.2%€53,379above the sector's middle half▼ 5.4%€55,360above the sector's middle half▲ 3.7%€54,147above the sector's middle half▼ 2.2%€60,880above the sector's middle half▲ 12.4%
Solvency95.4%above the sector's middle half▲ 6.6pp89.9%above the sector's middle half▼ 5.5pp90.1%above the sector's middle half▲ 0.2pp80.5%above the sector's middle half▼ 9.6pp86.7%above the sector's middle half▲ 6.2pp
Current ratio20.60above the sector's middle half▲ 12.589.37above the sector's middle half▼ 11.239.69above the sector's middle half▲ 0.334.64above the sector's middle half▼ 5.069.27above the sector's middle half▲ 4.63
Return on assets (ROA)-2.8%within the sector's middle half▼ 19.0pp-3.9%within the sector's middle half▼ 1.0pp1.5%within the sector's middle half▲ 5.4pp4.8%within the sector's middle half▲ 3.3pp1.0%within the sector's middle half▼ 3.8pp
Staff (FTE)0.3
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,637
Fixed assets
€3,394 ▼ 53.1%
Current assets
€68,243 ▼ 1.2%
Equity and liabilities €71,637
Equity
€62,107 ▲ 1.2%
Debt
€9,530 ▼ 36.0%
Debt's share of the balance-sheet total falls from 19.5% to 13.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,382▼
2024 · €7,064
Cash flow
€4,566▼
2024 · €4,834
Quick ratio
9.08▲
2024 · 4.55
Debt to equity
0.15▼
2024 · 0.24
ROE
1.2%▼
2024 · 6.0%
Interest coverage
5.05▼
2024 · 7.27
Debt ≤ 1 year
€7,363▼
2024 · €14,894
Income taxes
€949▼
2024 · €2,565
Staff costs
€5,063▲
2024 · €912
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,578 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €680 | €894 | €1,009 | €912 | €5,063 | ▲ 455% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,779 | €2,357 | €1,016 | €1,148 | €3,845 | ▲ 235% |
| Other operating charges640/8 | €1,446 | €1,658 | €2,692 | €664 | €3,155 | ▲ 375% |
| Gross operating margin9900 | €1,532 | €2,350 | €6,109 | €8,639 | €13,600 | ▲ 57.4% |
| Operating profit (loss)9901 | -€2,374 | -€2,559 | €1,393 | €5,916 | €1,537 | ▼ 74.0% |
| Financial income75/76B | €1,316 | €1,294 | €1,121 | €1,307 | €1,197 | ▼ 8.4% |
| Recurring financial income75 | €1,316 | €1,294 | €1,121 | €1,307 | €1,197 | ▼ 8.4% |
| Financial charges65/66B | €431 | €894 | €917 | €971 | €1,065 | ▲ 9.7% |
| Recurring financial charges65 | €431 | €894 | €917 | €971 | €1,065 | ▲ 9.7% |
| Profit (loss) for the period before taxes9903 | -€1,489 | -€2,159 | €1,597 | €6,252 | €1,669 | ▼ 73.3% |
| Income taxes67/77 | €268 | €284 | €632 | €2,565 | €949 | ▼ 63.0% |
| Profit (loss) for the period9904 | -€1,758 | -€2,443 | €965 | €3,686 | €720 | ▼ 80.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,758 | -€2,443 | €965 | €3,686 | €720 | ▼ 80.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,056 | €63,115 | €64,069 | €76,280 | €71,637 | ▼ 6.1% |
| Fixed assets21/28 | €2,775 | €3,356 | €2,340 | €7,239 | €3,394 | ▼ 53.1% |
| Tangible fixed assets22/27 | €2,775 | €3,356 | €2,340 | €7,239 | €3,394 | ▼ 53.1% |
| Land and buildings22 | €676 | - | - | - | - | - |
| Plant, machinery and equipment23 | €942 | €2,442 | €1,669 | €897 | €318 | ▼ 64.5% |
| Furniture and vehicles24 | €1,157 | €914 | €671 | €6,342 | €3,076 | ▼ 51.5% |
| Current assets29/58 | €59,280 | €59,759 | €61,729 | €69,041 | €68,243 | ▼ 1.2% |
| Stocks and contracts in progress3 | €581 | €1,247 | €1,176 | €1,275 | €1,421 | ▲ 11.4% |
| Stocks30/36 | €581 | €1,247 | €1,176 | €1,275 | €1,421 | ▲ 11.4% |
| Amounts receivable within one year40/41 | €20,058 | €20,608 | €21,028 | €21,216 | €20,929 | ▼ 1.4% |
| Trade receivables40 | €717 | €44 | €280 | €409 | - | - |
| Other amounts receivable41 | €19,341 | €20,564 | €20,748 | €20,807 | €20,929 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €38,642 | €37,905 | €39,429 | €46,454 | €45,893 | ▼ 1.2% |
| Deferred charges and accrued income490/1 | - | - | €96 | €96 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,056 | €63,115 | €64,069 | €76,280 | €71,637 | ▼ 6.1% |
| Equity10/15 | €59,178 | €56,735 | €57,700 | €61,386 | €62,107 | ▲ 1.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,860 | €21,860 | €21,860 | €25,546 | €25,546 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €20,000 | €20,000 | €21,860 | €25,546 | €25,546 | = |
| Profit (loss) carried forward14 | €18,718 | €16,275 | €17,240 | €17,240 | €17,960 | ▲ 4.2% |
| Amounts payable17/49 | €2,878 | €6,380 | €6,369 | €14,894 | €9,530 | ▼ 36.0% |
| Amounts payable within one year42/48 | €2,878 | €6,380 | €6,369 | €14,894 | €7,363 | ▼ 50.6% |
| Trade debts44 | €1,251 | €3,587 | €3,639 | €8,802 | €4,012 | ▼ 54.4% |
| Suppliers440/4 | €1,251 | €3,587 | €3,639 | €8,802 | €4,012 | ▼ 54.4% |
| Advances received on contracts in progress46 | - | - | - | €100 | - | - |
| Taxes, remuneration and social security45 | €1,627 | €2,792 | €2,730 | €5,992 | €3,351 | ▼ 44.1% |
| Taxes450/3 | €1,627 | €2,792 | €2,730 | €5,992 | €3,351 | ▼ 44.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,167 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,758 | -€2,443 | €965 | €3,686 | €720 | ▼ 80.5% |
| + Depreciation and write-downs630 | €1,779 | €2,357 | €1,016 | €1,148 | €3,845 | ▲ 235% |
| Operating cash flow (approximation) | €22 | -€86 | €1,980 | €4,834 | €4,566 | ▼ 5.6% |
| Investment in fixed assets (approximation) | - | -€2,937 | €0 | -€6,047 | €0 | ▲ 100% |
| Change in cash | - | -€737 | €1,524 | €7,025 | -€561 | ▼ 108% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €965
Net result €965 after 2 loss-making years.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Weakest financial yearnet -€2,443
Net result drops to -€2,443, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 20.60
Current ratio from 8.02 to 20.60; short-term debt falls from €7,708 to €2,878.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
31-12
Financial
Highest result since 2018net €11,073 ▲151%
Operating result €9,908, net result €11,073, both a record.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €4,411
Net result €4,411 after one loss-making year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brugge · 1 establishment unit since 2006
Ground area
55 m²
Building footprint
80 m²
Volume, LiDAR
710 m³
Parcel 31806F0615/00A000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Toetanchamon
since 20062.231.194.790
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31806F0615/00A000 | Flanders | 55 m² | 1 · 79 m² | 13.3 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.231.194.790
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,869 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
Founded31-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883245574
Also
9925:BE0883245574
Registered
05-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.