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SIEKO

Open bankruptcy
Private limited company (pre-2019)founded 2006KBO/BCE: BE 0879.651.626

A bankruptcy procedure is open for SIEKO according to publications in the Belgian State Gazette; curator: BJÖRN GOESSENS.

Summary

The 2021 annual accounts show equity of €27,605 and a net result of €48,192.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Dendermonde division
Declared bankrupt
4 September 2023
Supervising judge
Freddy De Schrijver
Official Gazette
08-09-2023 (pdf) ↗search the document for 2023/132996

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-06-2022, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
38 d early
2020
327 d late
2019
199 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 163 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 February 2006, SIEKO was incorporated.1 Total assets went from EUR 100,556 in 2018 to EUR 103,943 in 2021.2 The company was declared bankrupt on 4 September 2023.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 08-09-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
€27,605
2020 · -€20,587
Total assets
€103,943▲ 10.6%
2020 · €93,947
Net result
€48,192▲ 280%
2020 · €12,678
Working capital
€26,428
2020 · -€21,001
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€6,524--€3,618€14,592€55,953▲ 283%
Net result€4,252--€5,688€12,678€48,192▲ 280%
Equity-€27,577--€33,265▼ 20.6%-€20,587▲ 38.1%€27,605
Total assets€100,556-€90,000▼ 10.5%€93,947▲ 4.4%€103,943▲ 10.6%
Debt€128,133-€123,266▼ 3.8%€114,534▼ 7.1%€76,339▼ 33.3%
Working capital-€27,118--€33,134▼ 22.2%-€21,001▲ 36.6%€26,428
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2018: €6,524€6,524Net result 2018: €4,252€4,252Operating result 2019: -€3,618-€3,618Net result 2019: -€5,688-€5,688Operating result 2020: €14,592€14,592Net result 2020: €12,678€12,678Operating result 2021: €55,953€55,953Net result 2021: €48,192€48,1922018201920202021-€20,000€0€20,000€40,000€60,000Operating result 2019: -€3,618-€3,620Net result 2019: -€5,688-€5,690Operating result 2020: €14,592€14,600Net result 2020: €12,678€12,700Operating result 2021: €55,953€56,000Net result 2021: €48,192€48,200201920202021
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 283% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €103,943
Fixed assets €56,250 ▼ 14.3%
Current assets €47,693 ▲ 68.4%
Equity and liabilities €103,943
Equity €27,605
Debt €76,339
Debt finances 73.4% of the balance-sheet total.
Key figures and ratios
2021 value · change against 2020
EBITDA
€65,328▲
2020 · €23,967
Cash flow
€57,567▲
2020 · €22,053
Current ratio
2.24▲
2020 · 0.57
Debt to equity
2.77▲
2020 · -5.56
ROE
174.6%
ROA
46.4%▲
2020 · 13.5%
Interest coverage
36.09▲
2020 · 12.52
Debt ≤ 1 year
€21,266▼
2020 · €49,323
Debt > 1 year
€55,073▼
2020 · €65,211
Income taxes
€5,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 41 lines
Balance sheet Code20202021
Assets
Total assets20/58€93,947€103,943▲
Fixed assets21/28€65,625€56,250▼
Tangible fixed assets22/27€65,625€56,250▼
Land and buildings22€65,625€56,250▼
Current assets29/58€28,322€47,693▲
Amounts receivable within one year40/41€28,310€47,687▲
Trade receivables40€28,310-
Other amounts receivable41-€47,687
Cash at bank and in hand54/58€12€7▼
Equity and liabilities
Total equity and liabilities10/49€93,947€103,943▲
Equity10/15-€20,587€27,605▲
Contributions10/11€6,200€6,200=
Capital10€6,200€6,200=
Issued capital100€18,600€18,600=
Uncalled capital101€12,400€12,400=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Legal reserve130€1,860€1,860=
Profit (loss) carried forward14-€28,647€19,545▲
Amounts payable17/49€114,534€76,339▼
Amounts payable after more than one year17€65,211€55,073▼
Financial debts170/4€65,211€55,073▼
Amounts payable within one year42/48€49,323€21,266▼
Current portion of amounts payable after more than one year42€9,920€10,138▲
Trade debts44€4,119€4,538▲
Suppliers440/4€4,119€4,538▲
Taxes, remuneration and social security45€2,738€6,590▲
Taxes450/3€2,738€6,590▲
Other amounts payable47/48€32,545-
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,375€9,375=
Other operating charges640/8-€75
Gross operating margin9900€23,967€65,403▲
Operating profit (loss)9901€14,592€55,953▲
Financial charges65/66B€1,914€1,810▼
Recurring financial charges65€1,914€1,810▼
Profit (loss) for the period before taxes9903€12,678€54,143▲
Income taxes67/77-€5,951
Profit (loss) for the period9904€12,678€48,192▲
Profit (loss) for the period to be appropriated9905€12,678€48,192▲
Appropriation of the result
Profit (loss) to be appropriated9906-€28,647€19,545▲
Profit (loss) brought forward from the previous period14P-€41,325-€28,647▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,375€9,375€9,375€9,375=
Other operating charges640/8---€75-
Gross operating margin9900€15,899€5,890€23,967€65,403▲ 173%
Operating profit (loss)9901€6,524-€3,618€14,592€55,953▲ 283%
Recurring financial income75€1----
Financial charges65/66B--€1,914€1,810▼ 5.4%
Recurring financial charges65€2,273€2,071€1,914€1,810▼ 5.4%
Profit (loss) for the period before taxes9903€4,252-€5,688€12,678€54,143▲ 327%
Income taxes67/77---€5,951-
Profit (loss) for the period9904€4,252-€5,688€12,678€48,192▲ 280%
Profit (loss) for the period to be appropriated9905€4,252-€5,688€12,678€48,192▲ 280%
Line2018201920202021Change
Assets
Total assets20/58€100,556€90,000€93,947€103,943▲ 10.6%
Fixed assets21/28€84,375€75,000€65,625€56,250▼ 14.3%
Tangible fixed assets22/27€84,375€75,000€65,625€56,250▼ 14.3%
Land and buildings22--€65,625€56,250▼ 14.3%
Current assets29/58€16,181€15,000€28,322€47,693▲ 68.4%
Amounts receivable within one year40/41€15,000€15,000€28,310€47,687▲ 68.4%
Trade receivables40--€28,310--
Other amounts receivable41---€47,687-
Cash at bank and in hand54/58€1,181€0€12€7▼ 42.2%
Equity and liabilities
Total equity and liabilities10/49€100,556€90,000€93,947€103,943▲ 10.6%
Equity10/15-€27,577-€33,265-€20,587€27,605▲ 234%
Contributions10/11€6,200€6,200€6,200€6,200=
Capital10--€6,200€6,200=
Issued capital100--€18,600€18,600=
Uncalled capital101--€12,400€12,400=
Reserves13€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1--€1,860€1,860=
Legal reserve130--€1,860€1,860=
Profit (loss) carried forward14-€35,637-€41,325-€28,647€19,545▲ 168%
Amounts payable17/49€128,133€123,266€114,534€76,339▼ 33.3%
Amounts payable after more than one year17€84,834€75,131€65,211€55,073▼ 15.5%
Financial debts170/4--€65,211€55,073▼ 15.5%
Amounts payable within one year42/48€43,299€48,134€49,323€21,266▼ 56.9%
Current portion of amounts payable after more than one year42--€9,920€10,138▲ 2.2%
Trade debts44€100€709€4,119€4,538▲ 10.2%
Suppliers440/4--€4,119€4,538▲ 10.2%
Taxes, remuneration and social security45--€2,738€6,590▲ 141%
Taxes450/3--€2,738€6,590▲ 141%
Other amounts payable47/48--€32,545--
Line2018201920202021Change
Profit (loss) for the period9904€4,252-€5,688€12,678€48,192▲ 280%
+ Depreciation and write-downs630€9,375€9,375€9,375€9,375=
Operating cash flow (approximation)€13,627€3,687€22,053€57,567▲ 161%
Investment in fixed assets (approximation)-€0€0€0-
Change in cash--€1,181€12-€5▼ 143%

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

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Timeline · acts, filings and financial milestones

2023
08-09
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 04-09-2023
2022
23-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
23-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 327 days late
2021
31-12
Financial Highest result since 2018net €48,192 ▲280%
Operating result €55,953, net result €48,192, both a record.
31-12
Financial Liquidity quadruplescurrent ratio 2.24
Current ratio from 0.57 to 2.24; short-term debt falls from €49,323 to €21,266.
15-02
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 199 days late
2020
31-12
Financial Back to profitnet €12,678
Net result €12,678 after one loss-making year.
2019
31-12
Financial Weakest financial yearnet -€5,688
Net result drops to -€5,688, the lowest in the series.
15-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 76 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
25-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Show earlier events
2015
27-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
22-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 22 days late
2013
26-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Lierde · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
3,690 m²
Building footprint
368 m²
Volume, LiDAR
1,682 m³
2 parcels, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SIEKO bvba
Zwaanstraat 14, 1570 PajottegemNACE 51140
since 20062.152.391.891
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23087D0294/00L000 Flanders 2,681 m² 1 · 167 m² 5.8 m · 1 fl.
45050A0688/00R000 Flanders 1,008 m² 1 · 201 m² 8.4 m · 1 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator BJÖRN GOESSENS
CENTRUMLAAN 175, 9400 NINOVE-
04-09-2023 → present

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded28-02-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.