SIECOM
ActiveSummary
SIECOM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.6m) and a net result of €187,307. Equity is shrinking by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▲+15
Solvency2▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.3 in 2024; short-term debt: 123.3% and cash: 1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
-23.5%
Return on assets
1.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8115 sector peers (2025).
NBB · sector comparisonPosition among 8115 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-04-2026, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
41 d early
2023
37 d early
2022
32 d early
2021
34 d early
2020
25 d early
2019
340 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 9 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€2.6m▲ 6.8%
2024 · -€2.7m
Total assets
€10.9m▲ 17.0%
2024 · €9.3m
Net result
€187,307
2024 · -€972,575
Working capital
-€9.2m▼ 9.3%
2024 · -€8.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Operating result-€50,890▼ 38.3%-€53,222▼ 4.6%-€72,933▼ 37.0%-€1.1m▼ 1,472%-€78,846▲ 93.1%
Net result-€8,822below the sector's middle half▲ 99.4%-€34,946below the sector's middle half▼ 296%€2,487within the sector's middle half-€972,575below the sector's middle half€187,307above the sector's middle half
Equity-€1.7mbelow the sector's middle half▼ 0.5%-€1.8mbelow the sector's middle half▼ 2.0%-€1.8mbelow the sector's middle half▲ 0.1%-€2.7mbelow the sector's middle half▼ 54.9%-€2.6mbelow the sector's middle half▲ 6.8%
Total assets€7.0mabove the sector's middle half▲ 8.7%€7.9mabove the sector's middle half▲ 13.1%€9.3mabove the sector's middle half▲ 17.4%€9.3mabove the sector's middle half▲ 0.7%€10.9mabove the sector's middle half▲ 17.0%
Debt€8.7m▲ 6.9%€9.7m▲ 10.9%€11.0m▲ 14.2%€12.1m▲ 9.4%€13.5m▲ 11.6%
Working capital-€6.5m▼ 8.5%-€6.8m▼ 5.2%-€7.6m▼ 10.6%-€8.4m▼ 10.9%-€9.2m▼ 9.3%
Solvency-25.0%below the sector's middle half▲ 2.0pp-22.5%below the sector's middle half▲ 2.5pp-19.2%below the sector's middle half▲ 3.4pp-29.5%below the sector's middle half▼ 10.3pp-23.5%below the sector's middle half▲ 6.0pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €78,846 in 2025 against €1.1m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.9m
Fixed assets
€6.6m ▲ 17.3%
Current assets
€4.3m ▲ 16.6%
Key figures and ratios
EBITDA
-€70,838▲
2024 · -€1.1m
Cash flow
€195,316▲
2024 · -€964,566
Current ratio
0.32▲
2024 · 0.30
Debt to equity
-5.26▼
2024 · -4.39
ROA
1.7%▲
2024 · -10.4%
Interest coverage
-2.94▲
2024 · -86.67
Debt ≤ 1 year
€13.4m▲
2024 · €12.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,009 | €8,009 | €8,009 | €8,009 | €8,009 | = |
| Other operating charges640/8 | €969 | €1,000 | €1,099 | €1,116 | €1,148 | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | - | €1.1m | €0 | ▼ 100% |
| Gross operating margin9900 | -€41,912 | -€44,213 | -€63,825 | -€17,603 | -€69,689 | ▼ 296% |
| Operating profit (loss)9901 | -€50,890 | -€53,222 | -€72,933 | -€1.1m | -€78,846 | ▲ 93.1% |
| Financial income75/76B | €50,639 | €31,738 | €83,143 | €187,401 | €290,284 | ▲ 54.9% |
| Recurring financial income75 | €38,265 | €31,738 | €83,143 | €187,401 | €290,284 | ▲ 54.9% |
| Non-recurring financial income76B | €12,373 | - | - | - | - | - |
| Financial charges65/66B | €7,694 | €13,461 | €7,722 | €13,140 | €24,130 | ▲ 83.6% |
| Recurring financial charges65 | €7,694 | €13,461 | €7,722 | €13,140 | €24,130 | ▲ 83.6% |
| Profit (loss) for the period before taxes9903 | -€7,945 | -€34,946 | €2,487 | -€972,575 | €187,307 | ▲ 119% |
| Income taxes67/77 | €877 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€8,822 | -€34,946 | €2,487 | -€972,575 | €187,307 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | -€8,822 | -€34,946 | €2,487 | -€972,575 | €187,307 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.0m | €7.9m | €9.3m | €9.3m | €10.9m | ▲ 17.0% |
| Fixed assets21/28 | €4.9m | €5.1m | €5.8m | €5.6m | €6.6m | ▲ 17.3% |
| Tangible fixed assets22/27 | €41,353 | €33,344 | €25,335 | €17,326 | €9,317 | ▼ 46.2% |
| Other tangible fixed assets26 | €41,353 | €33,344 | €25,335 | €17,326 | €9,317 | ▼ 46.2% |
| Financial fixed assets28 | €4.8m | €5.1m | €5.8m | €5.6m | €6.6m | ▲ 17.5% |
| Current assets29/58 | €2.1m | €2.8m | €3.5m | €3.7m | €4.3m | ▲ 16.6% |
| Amounts receivable after more than one year29 | €419,899 | €178,295 | €189,236 | €200,881 | €213,207 | ▲ 6.1% |
| Other amounts receivable291 | €419,899 | €178,295 | €189,236 | €200,881 | €213,207 | ▲ 6.1% |
| Amounts receivable within one year40/41 | €1.7m | €2.6m | €3.2m | €3.4m | €3.8m | ▲ 11.4% |
| Other amounts receivable41 | €1.7m | €2.6m | €3.2m | €3.4m | €3.8m | ▲ 11.4% |
| Cash at bank and in hand54/58 | €7,674 | €28,976 | €10,262 | €7,723 | €104,684 | ▲ 1,256% |
| Deferred charges and accrued income490/1 | €15,053 | €26,302 | €18,121 | €38,970 | €149,013 | ▲ 282% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.0m | €7.9m | €9.3m | €9.3m | €10.9m | ▲ 17.0% |
| Equity10/15 | -€1.7m | -€1.8m | -€1.8m | -€2.7m | -€2.6m | ▲ 6.8% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Non-distributable reserves130/1 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Legal reserve130 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | -€1.9m | -€1.9m | -€1.9m | -€2.9m | -€2.7m | ▲ 6.5% |
| Amounts payable17/49 | €8.7m | €9.7m | €11.0m | €12.1m | €13.5m | ▲ 11.6% |
| Amounts payable after more than one year17 | €109,307 | €32,314 | - | - | - | - |
| Financial debts170/4 | €109,307 | €32,314 | - | - | - | - |
| Amounts payable within one year42/48 | €8.6m | €9.6m | €11.0m | €12.1m | €13.4m | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | €104,856 | €76,994 | €32,314 | - | - | - |
| Financial debts43 | €8.5m | €9.5m | €11.0m | €12.0m | €13.4m | ▲ 11.4% |
| Other loans439 | €8.5m | €9.5m | €11.0m | €12.0m | €13.4m | ▲ 11.4% |
| Trade debts44 | €19,154 | €23,060 | €39,935 | €59,267 | €76,229 | ▲ 28.6% |
| Suppliers440/4 | €19,154 | €23,060 | €39,935 | €59,267 | €76,229 | ▲ 28.6% |
| Accrued charges and deferred income492/3 | - | - | - | €4,037 | €17,827 | ▲ 342% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,822 | -€34,946 | €2,487 | -€972,575 | €187,307 | ▲ 119% |
| + Depreciation and write-downs630 | €8,009 | €8,009 | €8,009 | €8,009 | €8,009 | = |
| Operating cash flow (approximation) | -€813 | -€26,937 | €10,496 | -€964,566 | €195,316 | ▲ 120% |
| Investment in fixed assets (approximation) | - | -€236,439 | -€700,005 | €134,375 | -€985,962 | ▼ 834% |
| Change in cash | - | €21,302 | -€18,713 | -€2,540 | €96,962 | ▲ 3,918% |
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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €187,307
Net result €187,307 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €2,487
Net result €2,487 after 5 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 340 days late
2020
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series; recovery starts the following year.
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Mechelen · 1 establishment unit since 2002
Ground area
2,378 m²
Building footprint
882 m²
Volume, LiDAR
3,137 m³
2 parcels, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
Hendrik Consciencestraat 1 B, 2800 Mechelen
since 20022.096.028.458
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0088/00X000 | Flanders | 1,691 m² | 1 · 659 m² | - |
| 12403D0088/00V000 | Flanders | 687 m² | 1 · 223 m² | 18.6 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
99.92%
According to the 2025 annual accounts of SIECOM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,119 companies in sector 46500 we hold annual accounts for 1,408. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
46643Wholesale of electrical equipment, including installation materials
58290Other software publishing
61100Wired, wireless and satellite telecommunications
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477295131
Registered
09-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.