SIDOTEX
ActiveSummary
The computed 12-month bankruptcy probability of SIDOTEX is 1.6% (moderate). The 2025 annual accounts show equity of €20,414 and a net result of €13,903. Its solvency ranks better than 37% of 22,679 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- ≈ 0.3 FTE, estimated
- Equity
- €20,414
- Profit
- €13,903
Why 65raises riskFounded in 2023Last filed accounts filed 12 days late; 1 of the last 3 lateEquity €20,414 (18.9% of total assets)lowers riskLiquidity: current ratio 1.21, cash €50,620Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 35% on solvency, 65% on liquidity, 79% on profitability and 96% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 49 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: SIDO Firas (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (12 days) Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00396890.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 102% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,183 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,877 | €1,548 | ▼ 17.5% |
| Other operating charges640/8 | €100 | €144 | ▲ 44.1% |
| Gross operating margin9900 | €10,855 | €26,775 | ▲ 147% |
| Operating profit (loss)9901 | €8,878 | €17,900 | ▲ 102% |
| Financial income75/76B | €9 | €14 | ▲ 56.8% |
| Recurring financial income75 | €9 | €14 | ▲ 56.8% |
| Financial charges65/66B | €173 | €527 | ▲ 206% |
| Recurring financial charges65 | €173 | €527 | ▲ 206% |
| Profit (loss) for the period before taxes9903 | €8,714 | €17,387 | ▲ 99.5% |
| Income taxes67/77 | €2,204 | €3,484 | ▲ 58.1% |
| Profit (loss) for the period9904 | €6,511 | €13,903 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €6,511 | €13,903 | ▲ 114% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €31,475 | €108,118 | ▲ 244% |
| Fixed assets21/28 | €4,123 | €8,247 | ▲ 100% |
| Tangible fixed assets22/27 | €4,123 | €3,797 | ▼ 7.9% |
| Plant, machinery and equipment23 | €4,123 | €2,623 | ▼ 36.4% |
| Furniture and vehicles24 | - | €1,174 | - |
| Financial fixed assets28 | - | €4,450 | - |
| Current assets29/58 | €27,352 | €99,871 | ▲ 265% |
| Stocks and contracts in progress3 | €9,632 | €40,260 | ▲ 318% |
| Stocks30/36 | €9,632 | €40,260 | ▲ 318% |
| Amounts receivable within one year40/41 | €2,443 | €8,540 | ▲ 250% |
| Trade receivables40 | €188 | €6,181 | ▲ 33× |
| Other amounts receivable41 | €2,256 | €2,360 | ▲ 4.6% |
| Cash at bank and in hand54/58 | €15,277 | €50,620 | ▲ 231% |
| Deferred charges and accrued income490/1 | - | €450 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €31,475 | €108,118 | ▲ 244% |
| Equity10/15 | €6,511 | €20,414 | ▲ 214% |
| Profit (loss) carried forward14 | €6,511 | €20,414 | ▲ 214% |
| Amounts payable17/49 | €24,964 | €87,704 | ▲ 251% |
| Amounts payable within one year42/48 | €24,964 | €82,304 | ▲ 230% |
| Trade debts44 | €1,409 | €813 | ▼ 42.3% |
| Suppliers440/4 | €1,409 | €813 | ▼ 42.3% |
| Taxes, remuneration and social security45 | €14,255 | €50,446 | ▲ 254% |
| Taxes450/3 | €10,655 | €21,788 | ▲ 104% |
| Remuneration and social security454/9 | €3,600 | €28,658 | ▲ 696% |
| Other amounts payable47/48 | €9,300 | €31,045 | ▲ 234% |
| Accrued charges and deferred income492/3 | - | €5,400 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,511 | €13,903 | ▲ 114% |
| + Depreciation and write-downs630 | €1,877 | €1,548 | ▼ 17.5% |
| Operating cash flow (approximation) | €8,388 | €15,451 | ▲ 84.2% |
| Investment in fixed assets (approximation) | - | -€5,672 | - |
| Change in cash | - | €35,343 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-08-2026 | 2026-00396890 |
| 31-12-2024 | micro format | 24-10-2025 | 2025-00551530 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SIDO Firas |
|
Owners and capital
Capital and shareholders
- SIDO Firas 100 shares (100%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 11-09-2023 Incorporation · 100 shares
- 11-09-2023 Incorporation · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-09
Gazette deed
IncorporationAppointment: SIDO Firas (director) · Founder · Founding capital17 facts ▸
- Founder, SIDO Firas
- Other provision, “bekwaamheid en bevoegdheid comparant” (deed in Dutch)
- Other provision, “toelichting en voorlezing akte” (deed in Dutch)
- Other provision, “integrale voorlezing” (deed in Dutch)
- Other provision, “wijzigingen ontwerp en verzoek authenticiteit” (deed in Dutch)
- Incorporation, “SIDOTEX” (deed in Dutch)
- Other provision, 06-09-2023
- Founding capital, €0 (2 times)
- Other provision, “vaststelling statuten” (deed in Dutch)
- Registered office clause, “Dendermonde”, 9200 (deed in Dutch)
- Board rule, 1
- Director appointment, SIDO Firas (director)
- +5 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
3 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42007B0817/00X000 | Flanders | 1,214 m² | 1 · 178 m² | 10.9 m · 2 |
| 41016D0989/00R000 | Flanders | 1,180 m² | 1 · 205 m² | - |
| 11019B0040/00E007 | Flanders | 177 m² | 1 · 125 m² | 12.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Verkoop en fabricatie van werk- en beroepskledij:; Het creëren, confectioneren, herstellen en verkopen (zowel detailhandel als groothandel)…” (deed in Dutch)
8 activities (deed in Dutch)
- Verkoop en fabricatie van werk- en beroepskledij:
- Het creëren, confectioneren, herstellen en verkopen (zowel detailhandel als groothandel) van kleding met alle bijhorende accessoires en decoratievoorwerpen in de meest uitgebreide zin (binnenhuisinrichting); het promoten en verkopen van natuurlijke en duurzame producten (voedings-, welzijns-, onderhouds- en decoratieartikelen) maar ook ecologische en fair trade stoffen, alsook alle handels- en promotionele activiteiten die hieraan verbonden zijn.
- Verzamelen van gebruikte kleding en opkoop van nieuwe kleding in faillissementen en dergelijke; na sortering verkoop aan tussenpersonen met het oog op verkoop in detailhandel en verspreiding van de overige ingezamelde kleding aan stichtingen
- Tussenpersoon handel in textiel, kleding, bont, schoeisel en lederwaren.
- Groothandel en kleinhandel nieuwe kleren en tweedehands.
- Groothandel in huishoudtextiel en beddengoed.
- Detailhandel in huishoudtextiel en beddengoed in gespecialiseerde winkels.
- Groothandel en detailhandel in overig textiel.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SIDOTEX
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Geen wijziging inzake toepasselijk taalregime” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer” (deed in Dutch)“Vergoeding van de bestuurders, algemene kosten,los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor de helft ten laste van overdrager en voor andere helft ten laste van koper(s),naar evenredigheid bij meer kopers, nietigheid bij gebrek…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid van het aantal aandelen dat zij bezitten, orgaan dat overgaat tot de uitgifte” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, ontbinding op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en wanneer ook, bestuurder(s) in functie krachtens statuten indien geen andere benoemd” (deed in Dutch)