Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Back in profit in 2025, after a loss of €972,575 in 2024.
Of this, €13.4m falls due within a year.
Two of the last ten came late. The 2019 accounts came latest: 340 days after the end of the period.
Less equity than 95% of companies in wholesale trade. Sector median €493,293 · 10,732 companies.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Shares in 3 companies, including and
Board & ownership| Company | ||||
|---|---|---|---|---|
| SIECOM Mechelen | €10.9m | -€69,689 | -23.5% | 0 |
| WHY NOT GLOBAL Schoten | €1.5m | -€57,916 | 98.7% | 0 |
| BELTRADE Nazareth-De Pinte | €3.2m | -€23,460 | 77.3% | - |
| SAFI Holdings Watermael-Boitsfort | €2.8m | -€22,432 | 37.4% | - |
| AEXIS INTERNATIONAL Zaventem | €18.4m | - | 34.6% | 1.8 |
| JDR Management Edegem | €1.8m | €7,038 | 44.4% | 0 |
| CHANCE en MC ARTHUR CONSULTANTS Boechout | €1.3m | -€11,644 | 44.7% | - |
These companies have the same main activity as SIECOM: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €1.3m and €18m, founded between 1995 and 2007.
SIECOM files the abbreviated format. That format states no turnover. The gross margin fell from €1.4m in 2007 to -€69,689 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Higher than 7% of 10,745 companies in 2025.
Lower than 95% of 10,577 companies in 2025.
Higher than 39% of 10,675 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: bottom quarter
Not in that year's accounts.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 201115 months | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
10.9m | 9.3m | 9.3m | 7.9m | 7.0m | 6.4m | 3.8m | 3.1m | 2.5m | 81,402 | 48,503 | 417,072 | 1.1m | 1.8m | 1.8m | 2.7m | 3.0m | 2.3m | 1.4m | |
21/28 |
6.6m | 5.6m | 5.8m | 5.1m | 4.9m | 4.5m | 2.0m | 1.2m | 1.2m | 37,113 | - | - | 137,009 | 245,483 | 504,207 | 831,008 | 904,694 | 1.0m | 68,283 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 67,898 | 271,590 | 526,205 | 729,897 | 880,582 | - | |
22/27 |
9,317 | 17,326 | 25,335 | 33,344 | 41,353 | 49,362 | 57,371 | 65,380 | 73,389 | 37,113 | - | - | 137,009 | 177,585 | 232,617 | 304,803 | 174,797 | 129,432 | 68,283 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,155 | 2,675 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | 16,985 | 25,416 | 30,663 | 29,548 | 17,372 | 14,941 | 18,256 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | 97,006 | 115,556 | 154,965 | 227,671 | 124,548 | 94,335 | 47,352 | |
26 |
9,317 | 17,326 | 25,335 | 33,344 | 41,353 | 49,362 | 57,371 | 65,380 | 73,389 | 37,113 | - | - | 23,017 | 36,613 | 46,989 | 47,584 | 32,877 | - | - | |
28 |
6.6m | 5.6m | 5.8m | 5.1m | 4.8m | 4.4m | 1.9m | 1.1m | 1.1m | - | - | - | - | - | - | - | - | - | - | |
29/58 |
4.3m | 3.7m | 3.5m | 2.8m | 2.1m | 1.9m | 1.8m | 1.9m | 1.2m | 44,289 | 48,503 | 417,072 | 947,661 | 1.5m | 1.3m | 1.8m | 2.1m | 1.3m | 1.3m | |
29 |
213,207 | 200,881 | 189,236 | 178,295 | 419,899 | 194,877 | 214,273 | 744,122 | 438,818 | - | - | - | - | - | - | - | - | - | - | |
291 |
213,207 | 200,881 | 189,236 | 178,295 | 419,899 | 194,877 | 214,273 | 744,122 | 438,818 | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | 429,238 | 566,991 | 524,875 | 538,357 | 483,319 | 478,574 | 617,173 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | 337,422 | 398,341 | 437,352 | 502,457 | 315,712 | 329,868 | 512,829 | |
34 |
- | - | - | - | - | - | - | - | - | - | - | - | 337,422 | 398,341 | 437,352 | - | - | - | - | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | 91,816 | 168,650 | 87,523 | 35,900 | 167,607 | 148,706 | 104,344 | |
40/41 |
3.8m | 3.4m | 3.2m | 2.6m | 1.7m | 1.5m | 1.5m | 1.1m | 793,974 | 34,277 | 4,825 | 417,072 | 492,843 | 911,510 | 768,390 | 1.1m | 1.4m | 664,342 | 698,283 | |
40 |
- | - | - | - | - | - | - | 37,819 | 36,302 | 33,671 | 2,486 | 417,072 | 482,343 | 728,746 | 712,639 | 725,143 | 929,588 | 664,342 | 698,283 | |
41 |
3.8m | 3.4m | 3.2m | 2.6m | 1.7m | 1.5m | 1.5m | 1.1m | 757,672 | 606 | 2,339 | - | 10,500 | 182,764 | 55,751 | 353,935 | 507,092 | - | - | |
54/58 |
104,684 | 7,723 | 10,262 | 28,976 | 7,674 | 187,934 | 31,023 | 17,870 | 1,492 | 9,248 | 34,734 | - | 1,676 | 2,883 | 18 | 176,084 | 97,642 | 135,335 | 14,672 | |
490/1 |
149,013 | 38,970 | 18,121 | 26,302 | 15,053 | 3,830 | 831 | 796 | 774 | 764 | 8,944 | - | 23,903 | 25,077 | 32,800 | 43,964 | 35,442 | 31,218 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
10.9m | 9.3m | 9.3m | 7.9m | 7.0m | 6.4m | 3.8m | 3.1m | 2.5m | 81,402 | 48,503 | 417,072 | 1.1m | 1.8m | 1.8m | 2.7m | 3.0m | 2.3m | 1.4m | |
10/15 |
-2.6m | -2.7m | -1.8m | -1.8m | -1.7m | -1.7m | -181,840 | -135,748 | -95,710 | -125,497 | -105,108 | 24,601 | -18,692 | 56,750 | -35,027 | 237,053 | 218,772 | 193,863 | 169,773 | |
10/11 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
10 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
13 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 10,309 | |
130/1 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 10,309 | |
14 |
-2.7m | -2.9m | -1.9m | -1.9m | -1.9m | -1.9m | -319,340 | -273,248 | -233,210 | -262,997 | -242,608 | -112,899 | -156,192 | -80,750 | -172,527 | 99,553 | 81,272 | 56,363 | 34,464 | |
17/49 |
13.5m | 12.1m | 11.0m | 9.7m | 8.7m | 8.1m | 4.0m | 3.3m | 2.5m | 206,899 | 153,612 | 392,471 | 1.1m | 1.7m | 1.9m | 2.4m | 2.7m | 2.1m | 1.2m | |
17 |
- | - | - | 32,314 | 109,307 | 214,163 | 358,346 | 501,761 | 644,416 | - | - | 100,000 | 171,943 | 160,000 | 233,305 | 663,997 | 670,729 | 438,725 | 210,929 | |
170/4 |
- | - | - | 32,314 | 109,307 | 214,163 | 358,346 | 501,761 | 644,416 | - | - | 100,000 | 171,943 | 160,000 | 233,305 | 563,997 | 670,729 | 438,725 | 59,583 | |
173 |
- | - | - | - | - | - | - | - | - | - | - | - | 71,943 | 60,000 | 133,305 | - | - | - | - | |
174 |
- | - | - | - | - | - | - | - | - | - | - | 100,000 | 100,000 | 100,000 | 100,000 | - | - | - | - | |
175 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100,000 | - | - | 151,346 | |
42/48 |
13.4m | 12.1m | 11.0m | 9.6m | 8.6m | 7.9m | 3.6m | 2.7m | 1.9m | 167,671 | 139,647 | 285,183 | 896,681 | 1.5m | 1.6m | 1.1m | 1.3m | 1.4m | 1.0m | |
42 |
- | - | 32,314 | 76,994 | 104,856 | 144,183 | 143,415 | 142,655 | 113,256 | - | - | 12,500 | 72,020 | 73,305 | 338,488 | 329,233 | 279,717 | 255,900 | 125,945 | |
43 |
13.4m | 12.0m | 11.0m | 9.5m | 8.5m | 7.7m | 3.4m | 2.5m | 1.7m | 165,431 | 65,431 | 155,088 | 49,247 | - | 536,376 | - | - | 343,496 | 345,146 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 343,496 | 345,146 | |
439 |
13.4m | 12.0m | 11.0m | 9.5m | 8.5m | 7.7m | 3.4m | 2.5m | 1.7m | 165,431 | 65,431 | 155,088 | 49,247 | - | 536,376 | - | - | - | - | |
44 |
76,229 | 59,267 | 39,935 | 23,060 | 19,154 | 58,392 | 67,478 | 57,329 | 7,288 | 2,240 | 4,135 | 2,300 | 350,072 | 1.1m | 261,045 | 238,831 | 704,496 | 717,975 | 530,595 | |
440/4 |
76,229 | 59,267 | 39,935 | 23,060 | 19,154 | 58,392 | 67,478 | 57,329 | 7,288 | 2,240 | 4,135 | 2,300 | 350,072 | 1.1m | 261,045 | 238,831 | 704,496 | 717,975 | 530,595 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | 66,197 | 49,181 | 147,076 | 36,487 | 16,604 | - | - | |
45 |
- | - | - | - | - | - | - | - | 1,628 | - | 70,081 | 115,296 | 359,145 | 324,439 | 329,887 | 394,384 | 311,222 | 58,373 | 16,022 | |
450/3 |
- | - | - | - | - | - | - | - | 1,628 | - | 70,081 | 114,403 | 34,553 | 23,235 | 40,508 | 50,596 | - | 20,613 | 7,109 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | 893 | 324,592 | 301,204 | 289,379 | 343,788 | 311,222 | 37,760 | 8,914 | |
47/48 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 256 | 58,270 | - | - | - | |
492/3 |
17,827 | 4,037 | - | - | - | - | 240 | 37,400 | 39,155 | 39,228 | 13,965 | 7,288 | 34,738 | 24,166 | 18,885 | 710,236 | 756,236 | 311,151 | - | |
| Income statement | ||||||||||||||||||||
70/76A |
- | - | - | - | - | - | - | - | - | - | 122,798 | 6.1m | 6.0m | 6.8m | 8.0m | - | - | - | - | |
70 |
- | - | - | - | - | - | - | - | - | - | 1,325 | 5.9m | 6.0m | 6.6m | 7.8m | - | - | - | - | |
71 |
- | - | - | - | - | - | - | - | - | - | - | 123,310 | -76,834 | 81,127 | 51,623 | - | - | - | - | |
76A |
- | - | - | - | - | - | - | - | - | - | - | 136,606 | 11,143 | 14,189 | 10,534 | - | 10,962 | 2,881 | - | |
9900 |
-69,689 | -17,603 | -63,825 | -44,213 | -41,912 | -27,809 | -64,852 | -42,598 | 59,806 | 3,650 | - | - | - | - | - | 3.4m | 3.0m | 1.8m | 1.4m | |
60/66A |
- | - | - | - | - | - | - | - | - | - | 240,794 | 6.1m | 6.2m | 6.7m | 8.3m | - | - | - | - | |
60 |
- | - | - | - | - | - | - | - | - | - | - | 1.7m | 1.5m | 2.1m | 2.2m | - | - | - | - | |
600/8 |
- | - | - | - | - | - | - | - | - | - | - | 1.7m | 1.5m | 2.0m | 2.1m | - | - | - | - | |
609 |
- | - | - | - | - | - | - | - | - | - | - | 57,484 | 60,920 | 39,011 | 65,105 | - | - | - | - | |
61 |
- | - | - | - | - | - | - | - | - | - | 229,426 | 1.4m | 1.5m | 1.5m | 2.0m | - | - | - | - | |
62 |
- | - | - | - | - | - | - | - | - | - | - | 2.9m | 2.9m | 2.8m | 3.7m | 3.0m | 2.6m | 1.5m | 1.2m | |
630 |
8,009 | 8,009 | 8,009 | 8,009 | 8,009 | 8,009 | 8,009 | 8,009 | 6,071 | 629 | - | 58,971 | 156,016 | 313,270 | 400,390 | 307,791 | 272,809 | 129,095 | 79,380 | |
640/8 |
1,148 | 1,116 | 1,099 | 1,000 | 969 | 968 | 966 | 9,610 | 9,417 | 9,242 | 11,368 | 3,814 | 7,729 | 7,778 | 6,404 | 4,836 | 14,098 | 1,615 | 1,902 | |
66A |
0 | 1.1m | - | - | - | 1.3m | - | - | - | - | - | - | 707 | - | 12,729 | - | - | - | - | |
9901 |
-78,846 | -1.1m | -72,933 | -53,222 | -50,890 | -36,786 | -73,827 | -60,216 | 44,317 | -6,221 | -117,997 | -26,429 | -113,504 | 98,244 | -247,660 | 112,806 | 99,169 | 103,627 | 84,028 | |
75/76B |
290,284 | 187,401 | 83,143 | 31,738 | 50,639 | 35,781 | 33,543 | 42,863 | - | 0 | 11,276 | 44,467 | 70,116 | 65,918 | 83,890 | 72,692 | 59,409 | 35,222 | 35,324 | |
75 |
290,284 | 187,401 | 83,143 | 31,738 | 38,265 | 35,781 | 33,543 | 42,863 | - | 0 | 11,276 | 44,467 | 70,116 | 65,918 | 83,890 | 72,692 | 59,409 | 35,222 | 35,324 | |
751 |
- | - | - | - | - | - | - | - | - | - | 11,276 | 7,344 | 8,418 | 6,279 | 8,633 | - | - | - | - | |
752/9 |
- | - | - | - | - | - | - | - | - | - | - | 37,123 | 61,698 | 59,639 | 75,257 | - | - | - | - | |
76B |
- | - | - | - | 12,373 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
24,130 | 13,140 | 7,722 | 13,461 | 7,694 | 1.5m | 5,808 | 22,685 | 14,530 | 12,983 | 22,989 | 39,656 | 38,929 | 57,133 | 109,396 | 79,331 | 74,698 | 84,408 | 57,102 | |
65 |
24,130 | 13,140 | 7,722 | 13,461 | 7,694 | 274,715 | 5,808 | 22,685 | 14,530 | 12,983 | 22,989 | 39,656 | 38,929 | 57,133 | 109,396 | 79,331 | 74,698 | 84,408 | 57,102 | |
650 |
- | - | - | - | - | - | - | - | - | - | 21,692 | 19,274 | 21,024 | 36,663 | 77,697 | - | - | - | - | |
652/9 |
- | - | - | - | - | - | - | - | - | - | 1,297 | 20,382 | 17,905 | 20,470 | 31,698 | - | - | - | - | |
66B |
- | - | - | - | - | 1.3m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
187,307 | -972,575 | 2,487 | -34,946 | -7,945 | -1.5m | -46,092 | -40,038 | 29,787 | -19,205 | -129,709 | 114,988 | -71,880 | 121,218 | -275,361 | 106,166 | 94,842 | 57,322 | 62,249 | |
67/77 |
- | - | - | - | 877 | - | - | - | - | 1,184 | - | 71,696 | 3,562 | 29,441 | -3,281 | 87,884 | 69,934 | 33,232 | 42,259 | |
670/3 |
- | - | - | - | - | - | - | - | - | - | - | 71,696 | 9,500 | 29,501 | 61 | - | - | - | - | |
77 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,938 | 61 | 3,341 | - | - | - | - | |
9904 |
187,307 | -972,575 | 2,487 | -34,946 | -8,822 | -1.5m | -46,092 | -40,038 | 29,787 | -20,389 | -129,709 | 43,293 | -75,442 | 91,778 | -272,081 | 18,282 | 24,909 | 24,090 | 19,990 | |
9905 |
187,307 | -972,575 | 2,487 | -34,946 | -8,822 | -1.5m | -46,092 | -40,038 | 29,787 | -20,389 | -129,709 | 43,293 | -75,442 | 91,778 | -272,081 | 18,282 | 24,909 | 24,090 | 19,990 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-2.7m | -2.9m | -1.9m | -1.9m | -1.9m | -1.9m | -319,340 | -273,248 | -233,210 | -262,997 | -242,608 | -112,899 | -156,192 | -80,750 | -172,527 | 99,553 | 81,272 | 58,554 | 34,464 | |
14P |
-2.9m | -1.9m | -1.9m | -1.9m | -1.9m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,191 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,191 | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
0 | - | - | - | - | - | - | - | - | - | - | 42.7 | 43.6 | 42 | 44.5 | 49.9 | 43.3 | 29.4 | 23.5 | |
Men (FTE)1003 |
- | - | - | - | - | - | - | - | - | - | - | 31.1 | 31.5 | 31.2 | - | - | - | - | - | |
Women (FTE)1003 |
- | - | - | - | - | - | - | - | - | - | - | 11.6 | 12.1 | 10.8 | - | - | - | - | - | |
Agency workers1501 |
- | - | - | - | - | - | - | - | - | - | - | 0.3 | 0.6 | 0.1 | 0.5 | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 70,083 | 71,054 | 69,346 | 92,413 | 83,193 | 70,191 | 47,615 | 39,617 | |
| Document | ||||||||||||||||||||
The accounts for 4 older financial years (2003-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 17-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-04-2026 | 2026-00081697 | |
| 31-12-2024 | abbreviated format | 20-06-2025 | 2025-00172640 | |
| 31-12-2023 | abbreviated format | 24-06-2024 | 2024-00161036 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00184415 | |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20102237 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-32400364 | |
| 31-12-2019 | abbreviated format | 06-07-2021 | 2021-32400358 | |
| 31-12-2018 | abbreviated format | 06-08-2019 | 2019-44200316 | |
| 31-12-2017 | abbreviated format | 12-07-2018 | 2018-32900009 | |
| 31-12-2016 | abbreviated format | 10-07-2017 | 2017-30100311 | |
| 31-12-2015 | full format | 20-07-2016 | 2016-34100414 | |
| 31-12-2014 | full format | 24-02-2016 | 2016-05200281 | |
| 31-12-2013 | full format | 24-02-2016 | 2016-05200170 | |
| 31-12-2012 | full format | 30-07-2013 | 2013-37400397 | |
| 31-12-2011 | full format | 17-08-2012 | 2012-41900596 | |
| 30-09-2010 | abbreviated format | 23-03-2011 | 2011-06700433 | |
| 30-09-2009 | abbreviated format | 13-04-2010 | 2010-09100493 | |
| 30-09-2008 | abbreviated format | 23-03-2009 | 2009-08400280 | |
| 30-09-2007 | abbreviated format | 25-03-2008 | 2008-08200254 | |
| 30-09-2006 | abbreviated format | 30-03-2007 | 2007-11001174 | |
| 30-09-2005 | abbreviated format | 31-03-2006 | 2006-09700310 | |
| 30-09-2004 | abbreviated format | 31-03-2005 | 2005-10001220 | |
| 30-09-2003 | abbreviated format | 05-05-2004 | 2004-13303999 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 201115 months | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -70,838 | -1.1m | -64,924 | -45,213 | -42,881 | -28,777 | -65,818 | -52,208 | 50,388 | -5,592 | - | 32,542 | 42,511 | 411,514 | 152,730 | 420,597 | 371,978 | 232,722 | 163,408 | ||
| 195,316 | -964,566 | 10,496 | -26,937 | -813 | -1.5m | -38,083 | -32,029 | 35,858 | -19,760 | - | 102,263 | 80,573 | 405,048 | 128,310 | 326,073 | 297,717 | 153,185 | 99,370 | ||
| 985,962 | 300,000 | 700,005 | 236,439 | 400,934 | 3.8m | 800,000 | 0 | 1.2m | 37,742 | - | 25,384 | 79,171 | 57,647 | 94,311 | 234,105 | 167,488 | 1.1m | 42,333 | ||
| 96,962 | -2,540 | -18,713 | 21,302 | -180,261 | 156,911 | 13,153 | 16,378 | -7,756 | -25,487 | - | - | -1,207 | 2,865 | -176,066 | 78,442 | -37,693 | 120,664 | - | ||
| -9.2m | -8.4m | -7.6m | -6.8m | -6.5m | -6.0m | -1.8m | -805,717 | -629,278 | -123,382 | -91,143 | 131,889 | 50,980 | -4,567 | -287,045 | 780,279 | 741,044 | -66,275 | 312,420 | ||
| - | - | - | - | - | - | - | - | - | - | - | -0.4% | -1.9% | 1.5% | -3.2% | - | - | - | - | ||
| -23.5% | -29.5% | -19.2% | -22.5% | -25.0% | -27.0% | -4.8% | -4.4% | -3.9% | -154.2% | -216.7% | 5.9% | -1.7% | 3.2% | -1.9% | 8.9% | 7.4% | 8.4% | 12.1% | ||
| 0.32 | 0.30 | 0.31 | 0.29 | 0.24 | 0.24 | 0.50 | 0.70 | 0.66 | 0.26 | 0.35 | 1.46 | 1.06 | 1.00 | 0.82 | 1.74 | 1.56 | 0.95 | 1.31 | ||
| 0.32 | 0.30 | 0.31 | 0.29 | 0.24 | 0.24 | 0.50 | 0.70 | 0.66 | 0.26 | 0.35 | 1.46 | 0.58 | 0.62 | 0.50 | 1.23 | 1.20 | 0.60 | 0.70 | ||
| - | - | - | - | - | - | - | - | - | - | - | 15.95 | - | 29.87 | - | 10.26 | 12.52 | 10.96 | 7.24 | ||
| - | - | - | - | - | - | - | - | - | - | - | 176.0% | - | 161.7% | - | 7.7% | 11.4% | 12.4% | 11.8% | ||
| 1.7% | -10.4% | 0.0% | -0.4% | -0.1% | -24.2% | -1.2% | -1.3% | 1.2% | -25.0% | -267.4% | 10.4% | -7.0% | 5.2% | -14.9% | 0.7% | 0.8% | 1.0% | 1.4% | ||
| -2.94 | -86.67 | -8.41 | -3.36 | -5.57 | - | - | - | - | - | - | 1.69 | 2.02 | 11.22 | 1.97 | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 685 days | 26 days | 29 days | 40 days | 33 days | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 7 days | 0 days | 42 days | 108 days | 23 days | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €985,962 | €300,000 | €700,005 | €236,439 | €400,934 |
| €8,009 | €8,009 | €8,009 | €8,009 | €8,009 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €78,846, smaller than the loss of €1.1m in 2024.
Equity is negative. Debt (€13.5m) exceeds the balance-sheet total (€10.9m).
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2024, in their own currency.
| LinqUp
registered office since 22-11-2017 · founded in 2017 |
3 FTE (2025) 0684.901.954 |
| Sunclass Sonnevijver
registered office since 01-01-1975 · founded in 1975 |
5.3 FTE (2022) 0415.158.416 |
| SC Projects
registered office since 25-03-2010 · founded in 2010 |
total assets €7.4m (2025) 0824.322.727 |
| Rombout Projects
registered office since 12-03-2021 · founded in 2021 |
total assets €5.4m (2025) 0764.981.689 |
| BMB Projects
registered office since 22-10-2008 · founded in 2008 |
total assets €4.7m (2025) 0807.286.953 |
| Amelio Health
registered office since 17-10-2022 · founded in 2022 |
total assets €4.5m (2025) 0792.547.606 |
| Fightclub Belgium
establishment since 20-02-2009 · founded in 2009 · group B-15 |
21 FTE (2025) 0809.962.371 |
| Zeto Projects
registered office since 30-11-2020 · founded in 2020 |
total assets €3.5m (2025) 0758.916.023 |
| M.M.G. BEHEER
registered office since 02-02-2001 · founded in 2000 |
total assets €3.4m (2025) 0472.133.345 |
| MINT
registered office since 09-10-2007 · founded in 2007 |
28 FTE (2025) 0892.718.021 |
via , no longer at · Managing director · deed of 15-12-2023 founded in 2017 · negative equity (2025) |
4 FTE (2025) |
via , no longer at · Managing director · deed of 21-10-2022 founded in 2005 · negative equity (2025) |
total assets €635,250 (2025) |
via , no longer at · Director · deed of 01-03-2017 founded in 2006 |
turnover €427,640 (2025) |
via , no longer at · Manager · deed of 24-05-2016 founded in 1989 |
28 FTE (2025) |
via , no longer at · Director · deed of 23-09-2020 founded in 2009 |
total assets €2.0m (2025) |
via , no longer at · Chair and managing director · deed of 01-10-2018 |
founded in 2018 |
Source for every holding own accounts 2025
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Hendrik Consciencestraat 1 B registered office 2800 Mechelen | 31-05-2002 | 2.096.028.458 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12403D0088/00X000 | 1,691 m² | 1 · 659 m² | 20.1 m · 5 |
| 12403D0088/00V000 | 687 m² | 1 · 223 m² | 18.6 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.