SIEDEL
ActiveSummary
SIEDEL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.27M and a net result of €-59k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+50
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 3.98 against 3.44 in 2024; short-term debt: 4.6% and cash: 17.9% of total assets), and 4.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
95.4%
Return on assets
-1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
57 d late
2022
25 d late
2021
32 d late
2020
55 d late
2019
92 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.27M▼ 1.8%
2024 · €3.33M
2018: €1.13Mlowest in 8 years
2019: €1.27M▲ +12.9% vs 2018
2020: €1.34M▲ +5.5% vs 2019
2021: €3.65M▲ +172% vs 2020highest in 8 years
2022: €3.52M▼ -3.6% vs 2021
2023: €3.41M▼ -3.3% vs 2022
2024: €3.33M▼ -2.2% vs 2023
2025: €3.27M▼ -1.8% vs 2024
2018 → 2025
Total assets
€3.43M▼ 5.6%
2024 · €3.63M
2018: €1.81Mlowest in 8 years
2019: €1.91M▲ +5.6% vs 2018
2020: €2.03M▲ +6.5% vs 2019
2021: €4.35M▲ +114% vs 2020highest in 8 years
2022: €4.04M▼ -7.0% vs 2021
2023: €3.84M▼ -5.1% vs 2022
2024: €3.63M▼ -5.3% vs 2023
2025: €3.43M▼ -5.6% vs 2024
2018 → 2025
Net result
€-59k▲ 22.1%
2024 · €-76k
2018: €90k
2019: €145k▲ +61.3% vs 2018
2020: €70k▼ -51.6% vs 2019
2021: €2.76M▲ +3821% vs 2020highest in 8 years
2022: €-130k▼ -105% vs 2021lowest in 8 years
2023: €-115k▲ +11.8% vs 2022
2024: €-76k▲ +33.7% vs 2023
2025: €-59k▲ +22.1% vs 2024
2018 → 2025
Working capital
€466k▼ 26.6%
2024 · €635k
2018: €-78k
2019: €-14k▲ +82.5% vs 2018
2020: €-209k▼ -1424% vs 2019lowest in 8 years
2021: €1.87M▲ +996% vs 2020highest in 8 years
2022: €1.39M▼ -25.9% vs 2021
2023: €961k▼ -30.7% vs 2022
2024: €635k▼ -34.0% vs 2023
2025: €466k▼ -26.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.65M-€3.52M▼ 3.6%€3.41M▼ 3.3%€3.33M▼ 2.2%€3.27M▼ 1.8%
2021: €3.65Mhighest in 5 years
2022: €3.52M▼ -3.6% vs 2021
2023: €3.41M▼ -3.3% vs 2022
2024: €3.33M▼ -2.2% vs 2023
2025: €3.27M▼ -1.8% vs 2024lowest in 5 years
Operating result€-222k-€-110k▲ 50.6%€-102k▲ 6.6%€-92k▲ 10.1%€-57k▲ 38.2%
2021: €-222klowest in 5 years
2022: €-110k▲ +50.6% vs 2021
2023: €-102k▲ +6.6% vs 2022
2024: €-92k▲ +10.1% vs 2023
2025: €-57k▲ +38.2% vs 2024highest in 5 years
Net result€2.76M-€-130k€-115k▲ 11.8%€-76k▲ 33.7%€-59k▲ 22.1%
2021: €2.76Mhighest in 5 years
2022: €-130k▼ -105% vs 2021lowest in 5 years
2023: €-115k▲ +11.8% vs 2022
2024: €-76k▲ +33.7% vs 2023
2025: €-59k▲ +22.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €57k in 2025 against €92k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.43M
Fixed assets
€2.81M ▲ 2.5%
Current assets
€622k ▼ 30.5%
Equity and liabilities €3.43M
Equity
€3.27M ▼ 1.8%
Debt
€156k ▼ 48.0%
Debt's share of the balance-sheet total falls from 8.3% to 4.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€23k▲
2024 · €-10k
Cash flow
€20k▲
2024 · €6k
Current ratio
3.98▲
2024 · 3.44
Debt to equity
0.05▼
2024 · 0.09
ROE
-1.8%▲
2024 · -2.3%
ROA
-1.7%▲
2024 · -2.1%
Interest coverage
5.95▲
2024 · -1.29
Debt ≤ 1 year
€156k▼
2024 · €260k
Income taxes
€7k▲
2024 · €933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.63M€3.43M▼
Fixed assets21/28€2.74M€2.81M▲
Tangible fixed assets22/27€1.86M€1.92M▲
Land and buildings22€1.84M€1.78M▼
Plant, machinery and equipment23€22-
Furniture and vehicles24€12k€146k▲
Financial fixed assets28€883k€883k=
Current assets29/58€895k€622k▼
Amounts receivable within one year40/41€59k€7k▼
Trade receivables40€53k€6k▼
Other amounts receivable41€6k€1k▼
Cash at bank and in hand54/58€836k€615k▼
Deferred charges and accrued income490/1€112-
Equity and liabilities
Total equity and liabilities10/49€3.63M€3.43M▼
Equity10/15€3.33M€3.27M▼
Contributions10/11€12k€12k=
Reserves13€3.50M€3.50M=
Distributable reserves133€3.50M€3.50M=
Profit (loss) carried forward14€-180k€-239k▼
Amounts payable17/49€300k€156k▼
Amounts payable after more than one year17€40k-
Financial debts170/4€40k-
Amounts payable within one year42/48€260k€156k▼
Current portion of amounts payable after more than one year42€78k€40k▼
Trade debts44€66€953▲
Suppliers440/4€66€953▲
Taxes, remuneration and social security45€7k-
Taxes450/3€7k-
Other amounts payable47/48€175k€115k▼
Income statement
Code20242025
Non-recurring operating income76A€44k€76k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€79k▼
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A€7k€10k▲
Gross operating margin9900€3k€38k▲
Operating profit (loss)9901€-92k€-57k▲
Financial income75/76B€25k€8k▼
Recurring financial income75€25k€8k▼
Non-recurring financial income76B-€1
Financial charges65/66B€8k€4k▼
Recurring financial charges65€8k€4k▼
Non-recurring financial charges66B-€190
Profit (loss) for the period before taxes9903€-75k€-52k▲
Income taxes67/77€933€7k▲
Profit (loss) for the period9904€-76k€-59k▲
Profit (loss) for the period to be appropriated9905€-76k€-59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-180k€-239k▼
Profit (loss) brought forward from the previous period14P€-104k€-180k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €38k | - | - | €44k | €76k | ▲ 74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €61k | €59k | €82k | €79k | ▼ 3.4% |
| Other operating charges640/8 | €3k | €2k | €3k | €5k | €5k | ▲ 7.4% |
| Non-recurring operating charges66A | €109k | - | - | €7k | €10k | ▲ 35.8% |
| Gross operating margin9900 | €-53k | €-47k | €-40k | €3k | €38k | ▲ 1,399% |
| Operating profit (loss)9901 | €-222k | €-110k | €-102k | €-92k | €-57k | ▲ 38.2% |
| Financial income75/76B | €3.00M | €47 | - | €25k | €8k | ▼ 66.0% |
| Recurring financial income75 | €3.00M | €47 | - | €25k | €8k | ▼ 66.0% |
| Non-recurring financial income76B | €3.00M | €47 | - | - | €1 | - |
| Financial charges65/66B | €22k | €19k | €12k | €8k | €4k | ▼ 48.0% |
| Recurring financial charges65 | €22k | €19k | €12k | €8k | €4k | ▼ 50.5% |
| Non-recurring financial charges66B | - | - | - | - | €190 | - |
| Profit (loss) for the period before taxes9903 | €2.76M | €-129k | €-114k | €-75k | €-52k | ▲ 30.1% |
| Income taxes67/77 | €377 | €1k | €641 | €933 | €7k | ▲ 624% |
| Profit (loss) for the period9904 | €2.76M | €-130k | €-115k | €-76k | €-59k | ▲ 22.1% |
| Profit (loss) for the period to be appropriated9905 | €2.76M | €-130k | €-115k | €-76k | €-59k | ▲ 22.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.35M | €4.04M | €3.84M | €3.63M | €3.43M | ▼ 5.6% |
| Fixed assets21/28 | €2.06M | €2.33M | €2.57M | €2.74M | €2.81M | ▲ 2.5% |
| Tangible fixed assets22/27 | €1.17M | €1.45M | €1.68M | €1.86M | €1.92M | ▲ 3.7% |
| Land and buildings22 | €1.07M | €1.38M | €1.64M | €1.84M | €1.78M | ▼ 3.5% |
| Plant, machinery and equipment23 | €791 | €534 | €278 | €22 | - | - |
| Furniture and vehicles24 | €99k | €70k | €42k | €12k | €146k | ▲ 1,075% |
| Financial fixed assets28 | €883k | €883k | €883k | €883k | €883k | = |
| Current assets29/58 | €2.29M | €1.71M | €1.27M | €895k | €622k | ▼ 30.5% |
| Amounts receivable within one year40/41 | €331k | €335k | €2k | €59k | €7k | ▼ 87.9% |
| Trade receivables40 | €39k | €86k | €2k | €53k | €6k | ▼ 89.1% |
| Other amounts receivable41 | €292k | €249k | €358 | €6k | €1k | ▼ 76.7% |
| Cash at bank and in hand54/58 | €1.96M | €1.38M | €1.27M | €836k | €615k | ▼ 26.4% |
| Deferred charges and accrued income490/1 | - | - | - | €112 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.35M | €4.04M | €3.84M | €3.63M | €3.43M | ▼ 5.6% |
| Equity10/15 | €3.65M | €3.52M | €3.41M | €3.33M | €3.27M | ▼ 1.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | €12k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €6k | - | - | - | - | - |
| Reserves13 | €3.60M | €3.50M | €3.50M | €3.50M | €3.50M | = |
| Distributable reserves133 | €3.60M | €3.50M | €3.50M | €3.50M | €3.50M | = |
| Profit (loss) carried forward14 | €40k | €11k | €-104k | €-180k | €-239k | ▼ 32.9% |
| Amounts payable17/49 | €696k | €520k | €429k | €300k | €156k | ▼ 48.0% |
| Amounts payable after more than one year17 | €272k | €192k | €118k | €40k | - | - |
| Financial debts170/4 | €272k | €192k | €118k | €40k | - | - |
| Amounts payable within one year42/48 | €424k | €328k | €311k | €260k | €156k | ▼ 40.0% |
| Current portion of amounts payable after more than one year42 | €77k | €80k | €74k | €78k | €40k | ▼ 48.3% |
| Trade debts44 | €1k | €566 | €227 | €66 | €953 | ▲ 1,336% |
| Suppliers440/4 | €1k | €566 | €227 | €66 | €953 | ▲ 1,336% |
| Taxes, remuneration and social security45 | - | €845 | €750 | €7k | - | - |
| Taxes450/3 | - | €845 | €750 | €7k | - | - |
| Other amounts payable47/48 | €346k | €247k | €236k | €175k | €115k | ▼ 34.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.76M | €-130k | €-115k | €-76k | €-59k | ▲ 22.1% |
| + Depreciation and write-downs630 | €58k | €61k | €59k | €82k | €79k | ▼ 3.4% |
| Operating cash flow (approximation) | €2.82M | €-69k | €-55k | €6k | €20k | ▲ 226% |
| Investment in fixed assets (approximation) | - | €-334k | €-296k | €-255k | €-149k | ▲ 41.6% |
| Change in cash | - | €-584k | €-109k | €-434k | €-221k | ▲ 49.1% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-130k
Net result drops to €-130k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-12
Financial
Highest result since 2018net €2.76M ▲3,821%
Net result €2.76M, the highest in the series.
31-12
Financial
Liquidity times 14current ratio 5.41
Current ratio from 0.39 to 5.41.
31-12
Financial
Equity above €2MEq €3.65M ▲172%
4 profitable years in a row build equity to €3.65M.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Zottegem · 1 establishment unit since 1998
Ground area
854 m²
Building footprint
50 m²
Volume, LiDAR
193 m³
Parcel 41023A1023/00B000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pardassenhoek 36, 9620 Zottegem
since 19982.089.900.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A1023/00B000 | Flanders | 854 m² | 1 · 50 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 14,997 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.