Skip to content

SIDOVER

Active
Private limited companyfounded 1992active for 34 yearsSzamotulystraat 7, 8700 Tielt, BelgiumKBO/BCE: BE 0447.678.556

Financials · financial year 2026, abbreviated format

Annual accounts 2026 filed on 22-09-2026 at the NBB all 33 filings

Turnover
≈ €1.5m
Estimated: probably between €930,000 and €2.6m
Total assets
€1.7m▼ 10.9%
2025 · €1.9m
Net result
€382,394▼ 13.4%
2025 · €441,412
Working capital
€1.3m▲ 33.5%
2025 · €944,267
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 10% lower than in 2025.

Operating result€0.6m 2026 Net result€0.4m 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€0.05m-€0.1m▲ 103%€0.1m▲ 23.6%€0.1m▼ 3.5%€0.3m▲ 147%€0.5m▲ 65.4%€0.6m▲ 23.8%€0.6m▼ 9.5%
Net result€0.03m-€0.06m▲ 123%€0.08mwithin the sector's middle half▲ 30.0%€0.08mwithin the sector's middle half▼ 5.4%€0.2mwithin the sector's middle half▲ 165%€0.3mabove the sector's middle half▲ 62.9%€0.4mabove the sector's middle half▲ 30.3%€0.4m▼ 13.4%
Equity€0.2m-€0.3m▲ 25.1%€0.4mwithin the sector's middle half▲ 22.8%€0.5mwithin the sector's middle half▲ 20.6%€0.7mwithin the sector's middle half▲ 45.2%€1.0mwithin the sector's middle half▲ 43.6%€1.4mabove the sector's middle half▲ 46.0%€1.4m▼ 1.3%
Total assets€0.6m-€0.7m▲ 11.4%€0.7mbelow the sector's middle half▲ 8.7%€0.8mwithin the sector's middle half▲ 16.0%€1.0mwithin the sector's middle half▲ 18.2%€1.3mwithin the sector's middle half▲ 33.6%€1.9mwithin the sector's middle half▲ 43.7%€1.7m▼ 10.9%
Debt€0.3m-€0.3m▲ 1.3%€0.3m▼ 4.2%€0.4m▲ 10.7%€0.3m▼ 20.5%€0.3m▲ 13.2%€0.5m▲ 39.3%€0.3m▼ 40.0%
Working capital-€0.06m-€0.01m€0.08mwithin the sector's middle half▲ 468%€0.1mwithin the sector's middle half▲ 82.7%€0.2mwithin the sector's middle half▲ 69.1%€0.5mwithin the sector's middle half▲ 122%€0.9mabove the sector's middle half▲ 82.6%€1.3m▲ 33.5%
Solvency42.5%-47.7%▲ 5.2pp53.9%within the sector's middle half▲ 6.2pp56.1%within the sector's middle half▲ 2.1pp68.9%above the sector's middle half▲ 12.8pp74.0%above the sector's middle half▲ 5.1pp75.3%above the sector's middle half▲ 1.2pp83.4%▲ 8.1pp
Current ratio0.81-1.05▲ 0.241.28within the sector's middle half▲ 0.241.42within the sector's middle half▲ 0.142.10within the sector's middle half▲ 0.682.77within the sector's middle half▲ 0.673.15within the sector's middle half▲ 0.385.65▲ 2.50
Return on assets (ROA)4.9%-9.8%▲ 4.9pp11.7%within the sector's middle half▲ 1.9pp9.6%within the sector's middle half▼ 2.2pp21.5%above the sector's middle half▲ 11.9pp26.2%above the sector's middle half▲ 4.7pp23.7%above the sector's middle half▼ 2.4pp23.1%▼ 0.7pp
Staff (FTE)3.2-3.3▲ 3.1%4within the sector's middle half▲ 21.2%2.1below the sector's middle half▼ 47.5%1.5below the sector's middle half▼ 28.6%2below the sector's middle half▲ 33.3%1.2below the sector's middle half▼ 40.0%0.3▼ 75.0%
above within below The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.7m
Fixed assets €126,199 ▼ 73.6%
Current assets €1.5m ▲ 10.8%
Equity and liabilities €1.7m
Equity €1.4m ▼ 1.3%
Provisions €3,940 ▼ 53.9%
Debt €271,310 ▼ 40.0%
Debt's share of the balance-sheet total falls from 24.3% to 16.4%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€626,852▼
2025 · €687,232
Cash flow
€452,463▼
2025 · €513,360
Quick ratio
5.22▲
2025 · 2.95
Debt to equity
0.20▼
2025 · 0.32
ROE
27.7%▼
2025 · 31.5%
Interest coverage
34.92▼
2025 · 43.90
Debt ≤ 1 year
€271,032▼
2025 · €438,231
Debt > 1 year
€0▼
2025 · €11,667
Income taxes
€170,032▲
2025 · €161,830
Staff costs
€21,201▼
2025 · €70,167
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Employees at the balance-sheet date2221-
full-time2221-
in full-time equivalents2221-
Average over the year, in full-time equivalents2.11.521.20.3
On a permanent contract2221-
Joined01-01
Left21-10

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets€32,432€246,635€23,838€63,631€22,940
Financial fixed assets----€0
Depreciation and write-downs of the year€40,511€47,810€63,237€71,949€70,068

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2024 · 1 entry · €900 awarded · €900 paid
Schemes
1 entry · €900 · €900 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as SIDOVER: machining of metals (NACE 25530). They are comparable in size and age: total assets between €857,000 and €2.7m, founded between 1987 and 2007.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
SIDOVER Tielt1992€1.7m€1.4m€0.7m€0.4m0.32026
STEEN PARTS Zedelgem1995€1.7m€0.2m€0.3m€0.1m0.82025
AMR Alken2000€1.1m€0.4m€0.8m€0.04m02025
All Tig Verschueren Brecht1999€1.9m€1.5m€0.3m€0.3m02024
VOET LASERCUTTING Aalter1987€0.9m€0.2m€0.6m€0.1m02025
GEOMETAL WORKS Zwevegem2002€2.4m€2.1m€0.7m€0.4m1.42025
V.D.A.-LASER Diksmuide2007€2.7m€1.8m€0.8m€0.4m12025

They were chosen from the 1,622 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as SIDOVER has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SIDOVER itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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%

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 31,368 companies, not a prediction for SIDOVER. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 62 lines

Source: Annual accounts 2026 at the NBB, filed on 22-09-2026.

Balance sheet Code20252026
Assets
Total assets20/58€1.9m€1.7m▼
Fixed assets21/28€0.5m€0.1m▼
Tangible fixed assets22/27€0.5m€0.1m▼
Land and buildings22€0.3m€0▼
Plant, machinery and equipment23€0.08m€0.06m▼
Furniture and vehicles24€0.1m€0.07m▼
Financial fixed assets28€0.001m€0.001m=
Current assets29/58€1.4m€1.5m▲
Stocks and contracts in progress3€0.09m€0.1m▲
Stocks30/36€0.09m€0.1m▲
Amounts receivable within one year40/41€0.5m€0.3m▼
Trade receivables40€0.2m€0.3m▲
Other amounts receivable41€0.2m€0.006m▼
Current investments50/53€0.3m€0.6m▲
Cash at bank and in hand54/58€0.5m€0.5m▼
Deferred charges and accrued income490/1€0.03m€0.008m▼
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.7m▼
Equity10/15€1.4m€1.4m▼
Contributions10/11€0.02m€0.01m▼
Reserves13€1.4m€1.4m▼
Tax-exempt reserves132€0.3m€0.3m▲
Distributable reserves133€1.0m€1.0m▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€0.009m€0.004m▼
Deferred taxes168€0.009m€0.004m▼
Amounts payable17/49€0.5m€0.3m▼
Amounts payable after more than one year17€0.01m€0▼
Financial debts170/4€0.01m€0▼
Amounts payable within one year42/48€0.4m€0.3m▼
Current portion of amounts payable after more than one year42€0.02m€0.01m▼
Trade debts44€0.3m€0.1m▼
Suppliers440/4€0.3m€0.1m▼
Taxes, remuneration and social security45€0.07m€0.05m▼
Taxes450/3€0.07m€0.05m▼
Remuneration and social security454/9€0.005m€0▼
Other amounts payable47/48€0.01m€0.07m▲
Accrued charges and deferred income492/3€0.002m€278▼
Income statement Code20252026
Non-recurring operating income76A€0.002m€0▼
Remuneration, social security and pensions62€0.07m€0.02m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.07m€0.07m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.005m€0▼
Other operating charges640/8€0.01m€0.006m▼
Gross operating margin9900€0.8m€0.7m▼
Operating profit (loss)9901€0.6m€0.6m▼
Financial income75/76B€363€0.009m▲
Recurring financial income75€363€0.009m▲
Financial charges65/66B€0.02m€0.02m▲
Recurring financial charges65€0.02m€0.02m▲
Profit (loss) for the period before taxes9903€0.6m€0.5m▼
Transfer from deferred taxes780€0.003m€0.005m▲
Income taxes67/77€0.2m€0.2m▲
Profit (loss) for the period9904€0.4m€0.4m▼
Transfer from tax-exempt reserves789€0.01m€0.01m=
Transfer to tax-exempt reserves689€0.3m€0.08m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.3m▲
Transfer from equity791/2-€0.09m
Transfer to equity691/2€0.1m€0.3m▲
To other reserves6921€0.1m€0.3m▲
Profit to be distributed694/7-€0.09m
Return on contributions (dividend)694-€0.09m
Social balance sheet
Average headcount (FTE)90871.20.3▼

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252026Change
Non-recurring operating income76A---€1,653€68,480€26,033€2,479€0▼ 100%
Remuneration, social security and pensions62---€84,939€78,348€120,926€70,167€21,201▼ 69.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67,005€68,703€55,182€40,511€47,810€63,237€71,949€70,068▼ 2.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€6,183--€4,132€5,457€0▼ 100%
Other operating charges640/8---€9,905€27,332€9,578€10,267€6,187▼ 39.7%
Non-recurring operating charges66A----€4,734€5,000---
Gross operating margin9900€204,190€290,725€342,512€263,243€458,594€691,567€773,124€654,240▼ 15.4%
Operating profit (loss)9901€50,254€102,067€126,141€121,705€300,370€496,958€615,283€556,784▼ 9.5%
Financial income75/76B---€1-€8,389€363€8,994▲ 25×
Recurring financial income75-€27€767€1-€8,389€363€8,994▲ 25×
Financial charges65/66B---€12,981€10,663€14,843€15,654€17,951▲ 14.7%
Recurring financial charges65€13,468€14,564€10,878€12,981€10,663€14,843€15,654€17,951▲ 14.7%
Profit (loss) for the period before taxes9903€36,786€87,530€116,031€108,725€289,707€490,504€599,992€547,826▼ 8.7%
Transfer from deferred taxes780----€1,211€3,250€3,250€4,600▲ 41.5%
Transfer to deferred taxes680----€16,250----
Income taxes67/77€8,163€23,675€33,035€30,194€66,610€154,923€161,830€170,032▲ 5.1%
Profit (loss) for the period9904€28,623€63,855€82,995€78,531€208,058€338,832€441,412€382,394▼ 13.4%
Transfer from tax-exempt reserves789----€3,633€9,750€9,750€9,750=
Transfer to tax-exempt reserves689----€48,751-€315,750€77,130▼ 75.6%
Profit (loss) for the period to be appropriated9905€28,623€63,855€82,995€78,531€162,940€348,582€135,412€315,015▲ 133%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€0.6m€0.7m€0.7m€0.8m€1.0m€1.3m€1.9m€1.7m▼ 10.9%
Fixed assets21/28€0.3m€0.4m€0.4m€0.4m€0.5m€0.5m€0.5m€0.1m▼ 73.6%
Tangible fixed assets22/27€0.3m€0.4m€0.4m€0.4m€0.5m€0.5m€0.5m€0.1m▼ 73.8%
Land and buildings22---€0.3m€0.3m€0.3m€0.3m€0▼ 100%
Plant, machinery and equipment23---€0.03m€0.1m€0.09m€0.08m€0.06m▼ 25.6%
Furniture and vehicles24---€0.04m€0.1m€0.09m€0.1m€0.07m▼ 32.5%
Financial fixed assets28€124€124€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m=
Current assets29/58€0.2m€0.3m€0.3m€0.5m€0.4m€0.8m€1.4m€1.5m▲ 10.8%
Stocks and contracts in progress3€0.005m€0.006m€0.004m€0.01m€0.002m€0.01m€0.09m€0.1m▲ 31.4%
Stocks30/36---€0.01m€0.002m€0.01m€0.09m€0.1m▲ 31.4%
Amounts receivable within one year40/41€0.2m€0.3m€0.3m€0.3m€0.3m€0.4m€0.5m€0.3m▼ 25.4%
Trade receivables40---€0.2m€0.2m€0.2m€0.2m€0.3m▲ 38.8%
Other amounts receivable41---€0.2m€0.2m€0.2m€0.2m€0.006m▼ 97.2%
Current investments50/53€0.007m-----€0.3m€0.6m▲ 103%
Cash at bank and in hand54/58€0.01m€0.005m€0.07m€0.1m€0.09m€0.4m€0.5m€0.5m▼ 9.6%
Deferred charges and accrued income490/1---€0.01m€0.009m€0.005m€0.03m€0.008m▼ 73.7%
Equity and liabilities
Total equity and liabilities10/49€0.6m€0.7m€0.7m€0.8m€1.0m€1.3m€1.9m€1.7m▼ 10.9%
Equity10/15€0.2m€0.3m€0.4m€0.5m€0.7m€1.0m€1.4m€1.4m▼ 1.3%
Contributions10/11€0.02m--€0.02m€0.02m€0.02m€0.02m€0.01m▼ 19.5%
Reserves13€0.2m€0.3m€0.4m€0.4m€0.6m€0.9m€1.4m€1.4m▼ 1.0%
Non-distributable reserves130/1---€0.002m€0.002m----
Reserves not available under the articles1311---€0.002m€0.002m----
Tax-exempt reserves132----€0.05m€0.04m€0.3m€0.3m▲ 0.1%
Distributable reserves133---€0.4m€0.6m€0.9m€1.0m€1.0m▼ 1.4%
Profit (loss) carried forward14-------€0-
Provisions and deferred taxes16----€0.02m€0.01m€0.009m€0.004m▼ 53.9%
Deferred taxes168----€0.02m€0.01m€0.009m€0.004m▼ 53.9%
Amounts payable17/49€0.3m€0.3m€0.3m€0.4m€0.3m€0.3m€0.5m€0.3m▼ 40.0%
Amounts payable after more than one year17€0.04m€0.07m€0.06m€0.03m€0.07m€0.03m€0.01m€0▼ 100%
Financial debts170/4---€0.03m€0.07m€0.03m€0.01m€0▼ 100%
Amounts payable within one year42/48€0.3m€0.3m€0.3m€0.3m€0.2m€0.3m€0.4m€0.3m▼ 38.2%
Current portion of amounts payable after more than one year42---€0.03m€0.05m€0.04m€0.02m€0.01m▼ 33.6%
Trade debts44€0.1m€0.08m€0.1m€0.2m€0.05m€0.06m€0.3m€0.1m▼ 57.6%
Suppliers440/4---€0.2m€0.05m€0.06m€0.3m€0.1m▼ 57.6%
Taxes, remuneration and social security45---€0.006m€0.06m€0.1m€0.07m€0.05m▼ 33.2%
Taxes450/3---€0.002m€0.05m€0.1m€0.07m€0.05m▼ 28.6%
Remuneration and social security454/9---€0.005m€0.007m€0.01m€0.005m€0▼ 100%
Other amounts payable47/48---€0.06m€0.05m€0.05m€0.01m€0.07m▲ 402%
Accrued charges and deferred income492/3---€0.003m€0.002m€0.003m€0.002m€278▼ 86.2%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€28,623€63,855€82,995€78,531€208,058€338,832€441,412€382,394▼ 13.4%
+ Depreciation and write-downs630€67,005€68,703€55,182€40,511€47,810€63,237€71,949€70,068▼ 2.6%
Operating cash flow (approximation)€95,628€132,559€138,177€119,042€255,867€402,069€513,360€452,463▼ 11.9%
Investment in fixed assets (approximation)--€91,460-€55,564-€32,432-€214,680-€23,838-€63,631€282,101-
Change in cash--€5,304€62,010€45,386-€21,481€317,941€91,041-€48,144-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 abbreviated format 22-09-2026 2026-00519629 NBB
31-03-2025 abbreviated format 10-09-2025 2025-00488420 PDF
31-03-2024 abbreviated format 03-09-2024 2024-00444505 PDF
31-03-2023 abbreviated format 13-09-2023 2023-00445269 PDF
31-03-2022 abbreviated format 28-09-2022 2022-20438307 PDF
31-03-2021 abbreviated format 14-10-2021 2021-71900262 PDF
31-03-2020 abbreviated format 09-09-2020 2020-51900543 PDF
31-03-2019 abbreviated format 30-09-2019 2019-66800452 PDF
31-03-2018 abbreviated format 15-10-2018 2018-69300358 PDF
31-03-2017 abbreviated format 17-09-2017 2017-61200425 PDF

Show all 33 filings

Next steps