SIEMART
ActiveSummary
SIEMART has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €236k and a net result of €-29k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 76% 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
Profitability7▼-10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 4.73 against 12.06 in 2024; short-term debt: 20% and cash: 4.3% of total assets), and 20.6% 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+raises 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-29k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
181 d late
2023
70 d late
2022
70 d late
2021
38 d late
2020
40 d early
2019
16 d early
← 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
€236k▼ 23.8%
2024 · €310k
2018: €139klowest in 8 years
2019: €197k▲ +41.2% vs 2018
2020: €234k▲ +18.6% vs 2019
2021: €328k▲ +40.3% vs 2020
2022: €334k▲ +2.0% vs 2021highest in 8 years
2023: €323k▼ -3.3% vs 2022
2024: €310k▼ -4.1% vs 2023
2025: €236k▼ -23.8% vs 2024
2018 → 2025
Total assets
€297k▼ 14.8%
2024 · €349k
2018: €184klowest in 8 years
2019: €245k▲ +33.1% vs 2018
2020: €254k▲ +3.7% vs 2019
2021: €391k▲ +53.9% vs 2020
2022: €401k▲ +2.8% vs 2021highest in 8 years
2023: €375k▼ -6.5% vs 2022
2024: €349k▼ -7.0% vs 2023
2025: €297k▼ -14.8% vs 2024
2018 → 2025
Net result
€-29k▼ 119%
2024 · €-13k
2018: €45k
2019: €57k▲ +26.9% vs 2018
2020: €37k▼ -36.2% vs 2019
2021: €94k▲ +157% vs 2020highest in 8 years
2022: €6k▼ -93.2% vs 2021
2023: €-11k▼ -271% vs 2022
2024: €-13k▼ -19.6% vs 2023
2025: €-29k▼ -119% vs 2024lowest in 8 years
2018 → 2025
Working capital
€222k▼ 24.4%
2024 · €293k
2018: €122klowest in 8 years
2019: €181k▲ +48.4% vs 2018
2020: €229k▲ +26.1% vs 2019
2021: €325k▲ +42.0% vs 2020highest in 8 years
2022: €315k▼ -3.0% vs 2021
2023: €306k▼ -2.8% vs 2022
2024: €293k▼ -4.2% vs 2023
2025: €222k▼ -24.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€328k-€334k▲ 2.0%€323k▼ 3.3%€310k▼ 4.1%€236k▼ 23.8%
2021: €328k
2022: €334k▲ +2.0% vs 2021highest in 5 years
2023: €323k▼ -3.3% vs 2022
2024: €310k▼ -4.1% vs 2023
2025: €236k▼ -23.8% vs 2024lowest in 5 years
Operating result€133k-€-2k€-10k▼ 513%€-13k▼ 29.3%€-28k▼ 113%
2021: €133khighest in 5 years
2022: €-2k▼ -101% vs 2021
2023: €-10k▼ -513% vs 2022
2024: €-13k▼ -29.3% vs 2023
2025: €-28k▼ -113% vs 2024lowest in 5 years
Net result€94k-€6k▼ 93.2%€-11k€-13k▼ 19.6%€-29k▼ 119%
2021: €94khighest in 5 years
2022: €6k▼ -93.2% vs 2021
2023: €-11k▼ -271% vs 2022
2024: €-13k▼ -19.6% vs 2023
2025: €-29k▼ -119% vs 2024lowest in 5 years
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 €28k in 2025 against €13k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €297k
Fixed assets
€16k ▼ 45.1%
Current assets
€281k ▼ 12.1%
Equity and liabilities €297k
Equity
€236k ▼ 23.8%
Debt
€61k ▲ 56.6%
Debt's share of the balance-sheet total rises from 11.2% to 20.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2024 · €227
Cash flow
€-15k▼
2024 · €490
Current ratio
4.73▼
2024 · 12.06
Debt to equity
0.26▲
2024 · 0.13
ROE
-12.1%▼
2024 · -4.2%
ROA
-9.6%▼
2024 · -3.8%
Interest coverage
-44.38▼
2024 · 0.39
Debt ≤ 1 year
€59k▲
2024 · €27k
Debt > 1 year
€2k▼
2024 · €13k
Income taxes
€154▼
2024 · €248
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€349k€297k▼
Fixed assets21/28€29k€16k▼
Tangible fixed assets22/27€29k€16k▼
Furniture and vehicles24€25k€13k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€555€555=
Current assets29/58€320k€281k▼
Amounts receivable within one year40/41€25k€22k▼
Trade receivables40€22k€13k▼
Other amounts receivable41€4k€9k▲
Current investments50/53€244k€244k=
Cash at bank and in hand54/58€48k€13k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€349k€297k▼
Equity10/15€310k€236k▼
Contributions10/11€6k€6k=
Reserves13€328k€283k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€326k€281k▼
Profit (loss) carried forward14€-24k€-53k▼
Amounts payable17/49€39k€61k▲
Amounts payable after more than one year17€13k€2k▼
Financial debts170/4€13k€2k▼
Amounts payable within one year42/48€27k€59k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€15k€3k▼
Suppliers440/4€15k€3k▼
Taxes, remuneration and social security45€396€436▲
Taxes450/3€396€436▲
Other amounts payable47/48-€45k
Income statement
Code20242025
Non-recurring operating income76A€12k-
Remuneration, social security and pensions62€290-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€187€150▼
Gross operating margin9900€704€-15k▼
Operating profit (loss)9901€-13k€-28k▼
Financial income75/76B€1k€294▼
Recurring financial income75€1k€294▼
Financial charges65/66B€582€342▼
Recurring financial charges65€582€342▼
Profit (loss) for the period before taxes9903€-13k€-28k▼
Income taxes67/77€248€154▼
Profit (loss) for the period9904€-13k€-29k▼
Profit (loss) for the period to be appropriated9905€-13k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-53k▼
Profit (loss) brought forward from the previous period14P€-11k€-24k▼
Transfer from equity791/2-€45k
Profit to be distributed694/7-€45k
Return on contributions (dividend)694-€45k
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 | - | - | - | €12k | - | - |
| Remuneration, social security and pensions62 | - | - | €473 | €290 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €13k | €13k | €14k | €13k | ▼ 2.4% |
| Other operating charges640/8 | €115 | €2k | €187 | €187 | €150 | ▼ 19.8% |
| Gross operating margin9900 | €136k | €13k | €4k | €704 | €-15k | ▼ 2,235% |
| Operating profit (loss)9901 | €133k | €-2k | €-10k | €-13k | €-28k | ▼ 113% |
| Financial income75/76B | €94 | €15k | €55 | €1k | €294 | ▼ 73.1% |
| Recurring financial income75 | €94 | €15k | €55 | €1k | €294 | ▼ 73.1% |
| Financial charges65/66B | €288 | €3k | €561 | €582 | €342 | ▼ 41.3% |
| Recurring financial charges65 | €288 | €3k | €561 | €582 | €342 | ▼ 41.3% |
| Profit (loss) for the period before taxes9903 | €133k | €10k | €-11k | €-13k | €-28k | ▼ 122% |
| Income taxes67/77 | €39k | €3k | €114 | €248 | €154 | ▼ 37.8% |
| Profit (loss) for the period9904 | €94k | €6k | €-11k | €-13k | €-29k | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €94k | €6k | €-11k | €-13k | €-29k | ▼ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €391k | €401k | €375k | €349k | €297k | ▼ 14.8% |
| Fixed assets21/28 | €3k | €53k | €40k | €29k | €16k | ▼ 45.1% |
| Tangible fixed assets22/27 | €3k | €52k | €40k | €29k | €16k | ▼ 46.0% |
| Land and buildings22 | €684 | €456 | €228 | - | - | - |
| Furniture and vehicles24 | €2k | €49k | €37k | €25k | €13k | ▼ 48.5% |
| Other tangible fixed assets26 | - | €3k | €2k | €4k | €3k | ▼ 30.3% |
| Financial fixed assets28 | €555 | €555 | €555 | €555 | €555 | = |
| Current assets29/58 | €388k | €348k | €335k | €320k | €281k | ▼ 12.1% |
| Amounts receivable within one year40/41 | - | €25k | €39k | €25k | €22k | ▼ 13.4% |
| Trade receivables40 | - | €9k | €22k | €22k | €13k | ▼ 41.8% |
| Other amounts receivable41 | - | €17k | €17k | €4k | €9k | ▲ 159% |
| Current investments50/53 | €96k | €244k | €244k | €244k | €244k | = |
| Cash at bank and in hand54/58 | €288k | €78k | €52k | €48k | €13k | ▼ 73.4% |
| Deferred charges and accrued income490/1 | €3k | €411 | €202 | €2k | €2k | ▲ 6.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €391k | €401k | €375k | €349k | €297k | ▼ 14.8% |
| Equity10/15 | €328k | €334k | €323k | €310k | €236k | ▼ 23.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €321k | €328k | €328k | €328k | €283k | ▼ 13.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €320k | €326k | €326k | €326k | €281k | ▼ 13.9% |
| Profit (loss) carried forward14 | - | - | €-11k | €-24k | €-53k | ▼ 119% |
| Amounts payable17/49 | €63k | €67k | €52k | €39k | €61k | ▲ 56.6% |
| Amounts payable after more than one year17 | - | €34k | €23k | €13k | €2k | ▼ 85.7% |
| Financial debts170/4 | - | €34k | €23k | €13k | €2k | ▼ 85.7% |
| Amounts payable within one year42/48 | €63k | €33k | €29k | €27k | €59k | ▲ 124% |
| Current portion of amounts payable after more than one year42 | - | €10k | €11k | €11k | €11k | ▲ 0.9% |
| Financial debts43 | - | €6k | - | - | - | - |
| Credit institutions430/8 | - | €6k | - | - | - | - |
| Trade debts44 | €3k | €2k | €13k | €15k | €3k | ▼ 81.0% |
| Suppliers440/4 | €3k | €2k | €13k | €15k | €3k | ▼ 81.0% |
| Advances received on contracts in progress46 | €30k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €29k | €16k | €5k | €396 | €436 | ▲ 10.2% |
| Taxes450/3 | €29k | €16k | €5k | €396 | €436 | ▲ 10.2% |
| Other amounts payable47/48 | €761 | - | - | - | €45k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94k | €6k | €-11k | €-13k | €-29k | ▼ 119% |
| + Depreciation and write-downs630 | €2k | €13k | €13k | €14k | €13k | ▼ 2.4% |
| Operating cash flow (approximation) | €96k | €20k | €2k | €490 | €-15k | ▼ 3,241% |
| Investment in fixed assets (approximation) | - | €-63k | €-755 | €-3k | €0 | ▲ 100% |
| Change in cash | - | €-210k | €-27k | €-3k | €-35k | ▼ 926% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 181 days late
2025
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-12
Financial
Highest result since 2018net €94k ▲157%
Operating result €133k, net result €94k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 12.29
Current ratio from 4.87 to 12.29; short-term debt falls from €47k to €20k.
31-12
Financial
Equity above €200kEq €234k ▲18.6%
3 profitable years in a row build equity to €234k.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €197k ▲41.2%
2 profitable years in a row build equity to €197k.
Show earlier events
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
15-06
State Gazette act
Board meeting · Demerger
Capital · Share issue
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2008
11-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB 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, Genk · 1 establishment unit since 2007
Ground area
1,251 m²
Building footprint
143 m²
Volume, LiDAR
781 m³
Parcel 71306G0221/00N154, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Craenevenne 107, 3600 Genk
since 20072.168.223.479
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00N154 | Flanders | 1,251 m² | 1 · 143 m² | 7.3 m · 2 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
699400F0T7ZT7KSE9466
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,160 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 (pre-2019)
Founded12-12-2007
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.