Sidika
ActiveSummary
Sidika has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,765 and a net result of €5,083. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 1577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-39
Solvency39▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.65 against 1.51 in 2024; short-term debt: 32.9% and cash: 4.6% of total assets), but 85.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
14.3%
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 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
47 d late
2023
187 d late
2022
on the day
2021
100 d late
2020
61 d late
2019
109 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 76 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 16 September (4 of the last 5 filed years within 53 days of that day).
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
€219,255
EBIT margin
0.2%
Net result
€5,083▼ 73.0%
2024 · €18,847
Working capital
€274,941▲ 587%
2024 · €40,008
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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€14,373▲ 1.3%€8,688▼ 39.6%€12,917▲ 48.7%€42,049▲ 226%€31,119▼ 26.0%
Net result€5,026within the sector's middle half▼ 49.2%-€3,485within the sector's middle half€648within the sector's middle half€18,847within the sector's middle half▲ 2,809%€5,083within the sector's middle half▼ 73.0%
EBIT margin
Equity€51,673within the sector's middle half▲ 10.8%€48,188within the sector's middle half▼ 6.7%€48,836within the sector's middle half▲ 1.3%€67,682below the sector's middle half▲ 38.6%€72,765within the sector's middle half▲ 7.5%
Total assets€169,308within the sector's middle half▲ 20.1%€116,492within the sector's middle half▼ 31.2%€120,939within the sector's middle half▲ 3.8%€185,661below the sector's middle half▲ 53.5%€507,457above the sector's middle half▲ 173%
Debt€117,636▲ 24.7%€68,305▼ 41.9%€72,103▲ 5.6%€117,978▲ 63.6%€434,691▲ 268%
Working capital€31,750within the sector's middle half▲ 30.9%€11,550within the sector's middle half▼ 63.6%€37,221within the sector's middle half▲ 222%€40,008within the sector's middle half▲ 7.5%€274,941above the sector's middle half▲ 587%
Solvency30.5%within the sector's middle half▼ 2.6pp41.4%within the sector's middle half▲ 10.8pp40.4%within the sector's middle half▼ 1.0pp36.5%within the sector's middle half▼ 3.9pp14.3%within the sector's middle half▼ 22.1pp
Current ratio1.47within the sector's middle half▼ 0.091.27within the sector's middle half▼ 0.202.19above the sector's middle half▲ 0.931.51within the sector's middle half▼ 0.682.65above the sector's middle half▲ 1.13
Return on assets (ROA)3.0%within the sector's middle half▼ 4.0pp-3.0%within the sector's middle half▼ 6.0pp0.5%within the sector's middle half▲ 3.5pp10.2%within the sector's middle half▲ 9.6pp1.0%within the sector's middle half▼ 9.1pp
Staff (FTE)1.9▲ 46.2%2.7▲ 42.1%4.7▲ 74.1%4.5within the sector's middle half▼ 4.3%6▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507,457
Fixed assets
€65,644 ▼ 3.0%
Current assets
€441,812 ▲ 274%
Equity and liabilities €507,457
Equity
€72,765 ▲ 7.5%
Debt
€434,691 ▲ 268%
Debt's share of the balance-sheet total rises from 63.5% to 85.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,922▼
2024 · €54,123
Cash flow
€18,887▼
2024 · €30,921
Quick ratio
2.33▲
2024 · 1.12
Debt to equity
5.97▲
2024 · 1.74
ROE
7.0%▼
2024 · 27.8%
Interest coverage
2.60▼
2024 · 6.01
Debt ≤ 1 year
€166,871▲
2024 · €77,978
Debt > 1 year
€267,820▲
2024 · €40,000
Income taxes
€8,828▼
2024 · €14,211
Staff costs
€166,230▲
2024 · €127,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% 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
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 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 4,504 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 | - | - | - | - | €50,000 | - |
| Remuneration, social security and pensions62 | €67,798 | €56,015 | €115,908 | €127,557 | €166,230 | ▲ 30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,670 | €13,109 | €13,201 | €12,075 | €13,804 | ▲ 14.3% |
| Other operating charges640/8 | €6,513 | €1,568 | €2,724 | €8,517 | €7,277 | ▼ 14.6% |
| Gross operating margin9900 | €100,354 | €79,380 | €144,750 | €190,198 | €218,429 | ▲ 14.8% |
| Operating profit (loss)9901 | €14,373 | €8,688 | €12,917 | €42,049 | €31,119 | ▼ 26.0% |
| Financial income75/76B | €99 | €91 | €73 | €17 | €92 | ▲ 448% |
| Recurring financial income75 | €99 | €91 | €73 | €17 | €92 | ▲ 448% |
| Financial charges65/66B | €6,748 | €11,629 | €9,421 | €9,008 | €17,300 | ▲ 92.1% |
| Recurring financial charges65 | €6,748 | €11,629 | €9,421 | €9,008 | €17,300 | ▲ 92.1% |
| Profit (loss) for the period before taxes9903 | €7,724 | -€2,849 | €3,569 | €33,058 | €13,911 | ▼ 57.9% |
| Income taxes67/77 | €2,698 | €635 | €2,921 | €14,211 | €8,828 | ▼ 37.9% |
| Profit (loss) for the period9904 | €5,026 | -€3,485 | €648 | €18,847 | €5,083 | ▼ 73.0% |
| Profit (loss) for the period to be appropriated9905 | €5,026 | -€3,485 | €648 | €18,847 | €5,083 | ▼ 73.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €169,308 | €116,492 | €120,939 | €185,661 | €507,457 | ▲ 173% |
| Fixed assets21/28 | €69,923 | €61,716 | €52,564 | €67,674 | €65,644 | ▼ 3.0% |
| Tangible fixed assets22/27 | €69,648 | €61,441 | €52,289 | €67,399 | €65,369 | ▼ 3.0% |
| Plant, machinery and equipment23 | €61,433 | €54,400 | €42,541 | €34,685 | €37,000 | ▲ 6.7% |
| Furniture and vehicles24 | - | - | €1,919 | €1,524 | €1,129 | ▼ 25.9% |
| Other tangible fixed assets26 | €8,215 | €7,041 | €7,829 | €31,190 | €27,241 | ▼ 12.7% |
| Financial fixed assets28 | €275 | €275 | €275 | €275 | €275 | = |
| Current assets29/58 | €99,386 | €54,777 | €68,374 | €117,986 | €441,812 | ▲ 274% |
| Stocks and contracts in progress3 | €28,335 | €15,060 | €24,413 | €30,263 | €52,394 | ▲ 73.1% |
| Stocks30/36 | €28,335 | €15,060 | €24,413 | €30,263 | €52,394 | ▲ 73.1% |
| Amounts receivable within one year40/41 | €49,177 | €25,971 | €39,434 | €69,892 | €363,017 | ▲ 419% |
| Trade receivables40 | €48,724 | €20,364 | €39,401 | €66,256 | €199,909 | ▲ 202% |
| Other amounts receivable41 | €453 | €5,607 | €33 | €3,636 | €163,108 | ▲ 4,386% |
| Cash at bank and in hand54/58 | €15,060 | €13,464 | €3,618 | €14,826 | €23,396 | ▲ 57.8% |
| Deferred charges and accrued income490/1 | €6,814 | €282 | €909 | €3,005 | €3,005 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €169,308 | €116,492 | €120,939 | €185,661 | €507,457 | ▲ 173% |
| Equity10/15 | €51,673 | €48,188 | €48,836 | €67,682 | €72,765 | ▲ 7.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,166 | €1,166 | €1,166 | €1,166 | €1,166 | = |
| Non-distributable reserves130/1 | €1,166 | €1,166 | €1,166 | €1,166 | €1,166 | = |
| Reserves not available under the articles1311 | €1,166 | €1,166 | €1,166 | €1,166 | €1,166 | = |
| Profit (loss) carried forward14 | €31,906 | €28,421 | €29,069 | €47,916 | €52,999 | ▲ 10.6% |
| Amounts payable17/49 | €117,636 | €68,305 | €72,103 | €117,978 | €434,691 | ▲ 268% |
| Amounts payable after more than one year17 | €50,000 | €25,000 | €40,950 | €40,000 | €267,820 | ▲ 570% |
| Financial debts170/4 | - | - | - | - | €247,820 | - |
| Other amounts payable178/9 | €50,000 | €25,000 | €40,950 | €40,000 | €20,000 | ▼ 50.0% |
| Amounts payable within one year42/48 | €67,636 | €43,227 | €31,153 | €77,978 | €166,871 | ▲ 114% |
| Financial debts43 | - | - | - | - | €279 | - |
| Credit institutions430/8 | - | - | - | - | €279 | - |
| Trade debts44 | €46,785 | €35,501 | €23,887 | €30,148 | €80,029 | ▲ 165% |
| Suppliers440/4 | €46,785 | €35,501 | €23,887 | €30,148 | €80,029 | ▲ 165% |
| Taxes, remuneration and social security45 | €9,891 | €7,726 | €5,994 | €47,288 | €61,738 | ▲ 30.6% |
| Taxes450/3 | €4,282 | €7,726 | €5,994 | €29,532 | €34,858 | ▲ 18.0% |
| Remuneration and social security454/9 | €5,609 | - | - | €17,756 | €26,881 | ▲ 51.4% |
| Other amounts payable47/48 | €10,960 | - | €1,272 | €542 | €24,825 | ▲ 4,483% |
| Accrued charges and deferred income492/3 | - | €78 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,026 | -€3,485 | €648 | €18,847 | €5,083 | ▼ 73.0% |
| + Depreciation and write-downs630 | €11,670 | €13,109 | €13,201 | €12,075 | €13,804 | ▲ 14.3% |
| Operating cash flow (approximation) | €16,696 | €9,624 | €13,849 | €30,921 | €18,887 | ▼ 38.9% |
| Investment in fixed assets (approximation) | - | -€4,902 | -€4,050 | -€27,185 | -€11,774 | ▲ 56.7% |
| Change in cash | - | -€1,596 | -€9,846 | €11,208 | €8,571 | ▼ 23.5% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 47 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 187 days late
2023
31-12
Financial
Back to profitnet €648
Net result €648 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€3,485
Net result drops to -€3,485, the lowest in the series; recovery starts the following year.
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.56
Current ratio from 0.66 to 1.56; short-term debt falls from €76,429 to €43,481.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Highest result since 2018net €23,326 ▲29,058%
Net result €23,326, the highest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 2 establishment units since 2016
Ground area
328 m²
Building footprint
301 m²
Volume, LiDAR
2,742 m³
2 parcels, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Sidika
since 20162.256.312.248
Bakkerij Sari
since 20242.362.680.369
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2498/00A014 | Flanders | 194 m² | 1 · 168 m² | 9.6 m · 2 fl. |
| 11805E0527/00H005 | Flanders | 134 m² | 1 · 133 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteAntwerpen2.256.312.248
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Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 1,593 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
Founded09-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662452689
Registered
27-03-2026
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.