Equity
€462,943 from €860,860 in 2022
Equity fell by 46% in 3 years.
SIDICO
Lifetime
18 annual accounts with figures on one time axis, 37 filings since 1988peak €5.6m (2025)
€5.6m21 months
lowest -€195,408 (2023)
-€43,41421 months
peak €860,860 (2022)
€462,943▼ 8.6%
€1.4m▲ 11.5%
peak 59.9 FTE (2025)
59.9 FTE▲ 8.9%
Board3 names since 2023
2 directors and 1 other
Owners
Documentsfilings and deeds
04-11-202588 days before the deadline
2025financial year
Financial year from 01-10-2023 to 30-06-2025, 21 monthsLoss of €43,414Staff from 55 FTE to 59.9 FTEResignations & appointments 04-10-20242 directors appointed, 2 resignations, 2 reappointments 26-08-2024
Key points
from the 2025 annual accountsLosses
-€354,353 in three years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €9.7m estimated
The accounts state no turnover.
Debts
€1.4m 71% of the balance sheet
Suppliers 58%Taxes and wages 22%Other 20%
Of this, €1.3m falls due within a year.
Filings
37 annual accounts 39 filings since 1988
The 2022 accounts came 2 days late. The other nine of the last ten were filed on time.
Position in the sector
€462,943
Less equity than 81% of companies in food products. Sector median €4.5m · 564 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 370 companies had the same profile as SIDICO has now. Each dot is one company, two years later.
97.0%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 370 companies, not a prediction for SIDICO. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Resignations & appointments
General meeting of 30-09-2024 · Gazette deed
2 directors appointed, 2 resignations, 2 reappointments
Resignations: and (managing director) · Reappointments: and · Appointments: (managing director) and (managing director) · General meeting of 16-05-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0430451257
holds 450 shares
holds 450 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIDICO Koekelberg | €2.0m | €5.6m | 23.6% | 59.9 |
| Pâtisserie Wittamer et Co Brussels | €2.5m | €2.4m | -41.8% | 60 |
| Quivadec Forest | €4.4m | €3.4m | 61.1% | 58.6 |
| DEMARET SRL Seneffe | €2.5m | €3.4m | 7.9% | 90.7 |
| La Feuilletine Perwez | €3.0m | €3.4m | 45.5% | 67.8 |
| SMOUTS & CO Antwerp | €2.3m | €2.8m | 26.0% | 50.6 |
| HALMES Butgenbach | €1.1m | €2.8m | 14.0% | 59.2 |
These companies have the same main activity as SIDICO: artisanal bread and fresh pastry making (NACE 10712). They are comparable in size and age: total assets between €1.1m and €4.4m, founded between 1968 and 2002.
Official details
Source: KBO- Status
- Active since 12-02-1987Normal situation
- Activity
- Artisanal bread and fresh pastry makingNACE 10712
- Establishment units
- 2.033.325.6781081 Koekelberg, since 24-02-1987
- 2.177.010.7881090 Jette, since 01-10-2008and 1 other
- Financial year end
- 30 June
- Peppol
- Reachable since 24-11-2023
Annual accounts to 30-06-2025
- €2.0m
- Employeeson 30-06-2025
- 79
- Filing
- Filed on 04-11-2025, 88 days before the end of the filing period
Insights on SIDICO
SIDICO has existed since 1987. The gross margin grew from €919,876 in 2007 to €5.6m in 2025 and staff from 31.6 to 59.9 full-time equivalents.
Since May 2024, has been managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIDICO
- What is the company number of SIDICO?
- The company number of SIDICO is 0430.451.257. The VAT number is the same number with BE in front: BE 0430.451.257.
- Where is SIDICO based?
- The registered office is at Emile Bossaertlaan 2, 1081 Koekelberg.Company details
- What does SIDICO do?
- According to the KBO register, the main activity is artisanal bread and fresh pastry making (NACE 10712).
- What is the legal form of SIDICO?
- SIDICO is a public limited company (NV).
- When was SIDICO founded?
- SIDICO was founded on 12-02-1987.
- Is SIDICO still active?
- Yes, SIDICO is an active enterprise in the KBO register.
- How many employees does SIDICO have?
- SIDICO had an average of 59.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SIDICO?
- The turnover in financial year 2025 is ≈ €9.7m. This figure is estimated from the gross margin of €5.6m and 1,585 comparable companies of the same size. It probably lies between €6.6m and €16.0m. It is a rough estimate.
- Is SIDICO profitable?
- In financial year 2025, SIDICO made a loss of €43,414.
- Where can I find the annual accounts of SIDICO?
- SIDICO filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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