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Sieke

Active
Private limited companyfounded 2024active for 1 yearBorlostraat 10, 3891 Gingelom, BelgiumKBO/BCE: BE 1017.782.495
Summary

The computed 12-month bankruptcy probability of Sieke is 2.9% (moderate). The 2025 annual accounts show negative equity (-€87,786) and a net result of -€90,786. Its solvency ranks better than 14% of 22,581 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
-€87,786
Total assets
€230,787
Net result
-€90,786
Working capital
-€132,972

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €230,787
Fixed assets €107,043
Current assets €123,744
Equity and liabilities
Equity-€87,786
Debt€318,573
Equity is negative: debt (€318,573) exceeds the balance-sheet total (€230,787).
Key figures and ratios
2025 value
EBITDA
-€57,623
Cash flow
-€64,342
Solvency
-38.0%
Current ratio
0.48
Quick ratio
0.10
ROA
-39.3%
Interest coverage
-4.48
Debt
€318,573
Debt ≤ 1 year
€256,717
Debt > 1 year
€60,711
Income taxes
€121
Staff costs
€138,428
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90.3% still going

For this company itself Checked computes a bankruptcy probability of 2.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 48 lines
Balance sheet Code2025
Assets
Total assets20/58€230,787
Fixed assets21/28€107,043
Intangible fixed assets21€43,142
Tangible fixed assets22/27€62,214
Land and buildings22€46,086
Plant, machinery and equipment23€15,627
Furniture and vehicles24€500
Financial fixed assets28€1,688
Current assets29/58€123,744
Stocks and contracts in progress3€98,350
Stocks30/36€98,350
Amounts receivable within one year40/41€16,386
Trade receivables40€2,031
Other amounts receivable41€14,355
Cash at bank and in hand54/58€3,327
Deferred charges and accrued income490/1€5,681
Equity and liabilities
Total equity and liabilities10/49€230,787
Equity10/15-€87,786
Contributions10/11€3,000
Profit (loss) carried forward14-€90,786
Amounts payable17/49€318,573
Amounts payable after more than one year17€60,711
Financial debts170/4€60,711
Amounts payable within one year42/48€256,717
Current portion of amounts payable after more than one year42€17,010
Financial debts43€26,912
Other loans439€26,912
Trade debts44€192,769
Suppliers440/4€192,769
Taxes, remuneration and social security45€14,628
Taxes450/3€1,323
Remuneration and social security454/9€13,306
Other amounts payable47/48€5,397
Accrued charges and deferred income492/3€1,145
Income statement Code2025
Remuneration, social security and pensions62€138,428
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,444
Other operating charges640/8€939
Gross operating margin9900€81,744
Operating profit (loss)9901-€84,067
Financial income75/76B€6,256
Recurring financial income75€6,256
Financial charges65/66B€12,854
Recurring financial charges65€12,854
Profit (loss) for the period before taxes9903-€90,665
Income taxes67/77€121
Profit (loss) for the period9904-€90,786
Profit (loss) for the period to be appropriated9905-€90,786
Appropriation of the result
Profit (loss) to be appropriated9906-€90,786

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€138,428
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,444
Other operating charges640/8€939
Gross operating margin9900€81,744
Operating profit (loss)9901-€84,067
Financial income75/76B€6,256
Recurring financial income75€6,256
Financial charges65/66B€12,854
Recurring financial charges65€12,854
Profit (loss) for the period before taxes9903-€90,665
Income taxes67/77€121
Profit (loss) for the period9904-€90,786
Profit (loss) for the period to be appropriated9905-€90,786
Line2025
Assets
Total assets20/58€230,787
Fixed assets21/28€107,043
Intangible fixed assets21€43,142
Tangible fixed assets22/27€62,214
Land and buildings22€46,086
Plant, machinery and equipment23€15,627
Furniture and vehicles24€500
Financial fixed assets28€1,688
Current assets29/58€123,744
Stocks and contracts in progress3€98,350
Stocks30/36€98,350
Amounts receivable within one year40/41€16,386
Trade receivables40€2,031
Other amounts receivable41€14,355
Cash at bank and in hand54/58€3,327
Deferred charges and accrued income490/1€5,681
Equity and liabilities
Total equity and liabilities10/49€230,787
Equity10/15-€87,786
Contributions10/11€3,000
Profit (loss) carried forward14-€90,786
Amounts payable17/49€318,573
Amounts payable after more than one year17€60,711
Financial debts170/4€60,711
Amounts payable within one year42/48€256,717
Current portion of amounts payable after more than one year42€17,010
Financial debts43€26,912
Other loans439€26,912
Trade debts44€192,769
Suppliers440/4€192,769
Taxes, remuneration and social security45€14,628
Taxes450/3€1,323
Remuneration and social security454/9€13,306
Other amounts payable47/48€5,397
Accrued charges and deferred income492/3€1,145
Line2025
Profit (loss) for the period9904-€90,786
+ Depreciation and write-downs630€26,444
Operating cash flow (approximation)-€64,342

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 23-07-2026 2026-00322065

Similar companies · same sector and region

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 the 10,326 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 5,946. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.