SIEDE
ActiveSIEDE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €74k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 1522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
78
/ 100
Excellent▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency61▼-33
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 2.52 in 2024), and 64.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 10
higher
← 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
35.4%
Return on assets
12.5%
Age of the figures
8 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
28 d early
2024
31 d early
2023
57 d early
2022
26 d early
2021
124 d early
2020
33 d early
2019
27 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▼ 48.8%
2024 · €410k
2018: €72k
2019: €130k
2020: €176k
2021: €235k
2022: €322k
2023: €407k
2024: €410k
2018 → 2025
Total assets
€593k▼ 29.6%
2024 · €842k
2018: €394k
2019: €478k
2020: €543k
2021: €599k
2022: €810k
2023: €847k
2024: €842k
2018 → 2025
Net result
€74k▼ 34.7%
2024 · €114k
2018: €46k
2019: €60k
2020: €98k
2021: €120k
2022: €87k
2023: €103k
2024: €114k
2018 → 2025
Working capital
€45k▼ 82.7%
2024 · €259k
2018: €40k
2019: €119k
2020: €147k
2021: €38k
2022: €171k
2023: €257k
2024: €259k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€235k-€322k▲ 37.0%€407k▲ 26.5%€410k▲ 0.6%€210k▼ 48.8%
Operating result€161k-€98k▼ 39.5%€141k▲ 44.1%€152k▲ 8.4%€100k▼ 34.3%
Net result€120k-€87k▼ 27.2%€103k▲ 18.8%€114k▲ 10.0%€74k▼ 34.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593k
Fixed assets
€380k▼ 7.8%
Current assets
€213k▼ 50.5%
Equity and liabilities €593k
Equity
€210k▼ 48.8%
Debt
€383k▼ 11.3%
The debt ratio rises from 51.3% to 64.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€162k▼
2024 · €214k
Cash flow
€136k▼
2024 · €175k
Solvency
35.4%▼
2024 · 48.7%
Current ratio
1.27▼
2024 · 2.52
Quick ratio
1.25▼
2024 · 2.50
Debt / equity
1.83▲
2024 · 1.05
ROE
35.4%▲
2024 · 27.8%
ROA
12.5%▼
2024 · 13.5%
Interest coverage
22.85▼
2024 · 25.33
Debt
€383k▼
2024 · €432k
Debt ≤ 1 year
€168k▼
2024 · €170k
Debt > 1 year
€210k▼
2024 · €262k
Income taxes
€19k▼
2024 · €31k
Staff costs
€33k▼
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€842k€593k▼
Fixed assets21/28€412k€380k▼
Tangible fixed assets22/27€412k€380k▼
Land and buildings22€340k€300k▼
Plant, machinery and equipment23€54k€68k▲
Furniture and vehicles24€19k€12k▼
Financial fixed assets28€100€100=
Current assets29/58€429k€213k▼
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€41k€19k▼
Trade receivables40€9k€3k▼
Other amounts receivable41€32k€16k▼
Current investments50/53-€62k
Cash at bank and in hand54/58€374k€119k▼
Deferred charges and accrued income490/1€11k€10k▼
Equity and liabilities
Total equity and liabilities10/49€842k€593k▼
Equity10/15€410k€210k▼
Contributions10/11€19k€19k=
Reserves13€391k€191k▼
Distributable reserves133€391k€191k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€432k€383k▼
Amounts payable after more than one year17€262k€210k▼
Financial debts170/4€262k€210k▼
Amounts payable within one year42/48€170k€168k▼
Current portion of amounts payable after more than one year42€75k€52k▼
Trade debts44€12k€18k▲
Suppliers440/4€12k€18k▲
Taxes, remuneration and social security45€18k€14k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€14k€12k▼
Other amounts payable47/48€65k€84k▲
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€34k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€62k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€250k€197k▼
Operating profit (loss)9901€152k€100k▼
Financial income75/76B€921€37▼
Recurring financial income75€921€37▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€145k€93k▼
Income taxes67/77€31k€19k▼
Profit (loss) for the period9904€114k€74k▼
Profit (loss) for the period to be appropriated9905€114k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€74k▼
Transfer from equity791/2€46k€200k▲
Transfer to equity691/2€49k€0▼
To other reserves6921€49k€0▼
Profit to be distributed694/7€111k€274k▲
Return on contributions (dividend)694€111k€274k▲
Directors or managers695€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.61
Current ratio from 1.30 to 2.61; short-term debt falls from €128k to €106k.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €120k ▲22.2%
Operating result €161k, net result €120k, both a record.
31-12
Financial
Equity above €200kEq €235k ▲33.9%
4 profitable years in a row build equity to €235k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €176k ▲34.8%
3 profitable years in a row build equity to €176k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Equity above €100kEq €130k ▲81%
2 profitable years in a row build equity to €130k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oostkamp · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vrijgeweidestraat 118020 OostkampGround area
580 m²
Building footprint
215 m²
Volume, LiDAR
1,046 m³
Parcel 31025I0289/00K003, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Siede
since 20162.260.833.537
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31025I0289/00K003 | Flanders | 580 m² | 1 · 215 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,765 EUR awarded · 9,765 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,630 EUR | 7,630 EUR |
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkamp2.260.833.537
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Of 506 companies in sector 10711 we hold annual accounts for 325. 229 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2016
Fiscal year end31-12
Activities, NACEBEL
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
85699Other educational support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:maarten.sinnaeve@gmail.com
Phone:050/599588