SIENA
ActiveSummary
SIENA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €503,239 and a net result of €12,433. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+22
Solvency87▲+26
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.13 in 2024; short-term debt: 18.2% and cash: 0.5% of total assets), and 38% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
62%
Return on assets
1.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
15 d early
2023
19 d early
2022
41 d early
2021
40 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€503,239▲ 2.5%
2024 · €490,806
Total assets
€811,893▼ 39.9%
2024 · €1.4m
Net result
€12,433
2024 · -€32,129
Working capital
-€128,705▼ 18.0%
2024 · -€109,093
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,542▼ 91.9%€20,798▼ 7.7%€4,739▼ 77.2%-€1,999€90,749
Net result€9,568within the sector's middle half▼ 95.4%€1,784below the sector's middle half▼ 81.4%€50,847within the sector's middle half▲ 2,750%-€32,129below the sector's middle half€12,433within the sector's middle half
Equity€470,304within the sector's middle half▲ 2.1%€472,088within the sector's middle half▲ 0.4%€522,935within the sector's middle half▲ 10.8%€490,806within the sector's middle half▼ 6.1%€503,239within the sector's middle half▲ 2.5%
Total assets€777,488within the sector's middle half▼ 5.3%€757,589within the sector's middle half▼ 2.6%€1.4mwithin the sector's middle half▲ 84.3%€1.4mwithin the sector's middle half▼ 3.2%€811,893within the sector's middle half▼ 39.9%
Debt€259,260▼ 16.6%€238,851▼ 7.9%€828,248▲ 247%€817,190▼ 1.3%€300,471▼ 63.2%
Working capital-€46,211▼ 29.4%-€61,019▼ 32.0%-€41,823▲ 31.5%-€109,093▼ 161%-€128,705▼ 18.0%
Solvency60.5%within the sector's middle half▲ 4.4pp62.3%within the sector's middle half▲ 1.8pp37.5%within the sector's middle half▼ 24.9pp36.3%within the sector's middle half▼ 1.1pp62.0%within the sector's middle half▲ 25.7pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €90,749 after a loss of €1,999 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €811,893
Fixed assets
€792,877 ▼ 40.7%
Current assets
€19,016 ▲ 22.0%
Equity and liabilities €811,893
Equity
€503,239 ▲ 2.5%
Provisions
€8,182 ▼ 81.2%
Debt
€300,471 ▼ 63.2%
Debt's share of the balance-sheet total falls from 60.5% to 37.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126,522▲
2024 · €46,478
Cash flow
€48,207▲
2024 · €16,349
Current ratio
0.13▲
2024 · 0.13
Debt to equity
0.60▼
2024 · 1.66
ROE
2.5%▲
2024 · -6.5%
ROA
1.5%▲
2024 · -2.4%
Interest coverage
3.48▲
2024 · 1.47
Debt ≤ 1 year
€147,720▲
2024 · €124,682
Debt > 1 year
€152,751▼
2024 · €692,508
Income taxes
€77,357▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,684 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,948 | €22,436 | €33,550 | €48,478 | €35,773 | ▼ 26.2% |
| Other operating charges640/8 | - | €4,596 | €5,738 | €6,946 | €26,886 | ▲ 287% |
| Gross operating margin9900 | €53,308 | €47,830 | €44,027 | €53,424 | €153,408 | ▲ 187% |
| Operating profit (loss)9901 | €22,542 | €20,798 | €4,739 | -€1,999 | €90,749 | ▲ 4,639% |
| Financial income75/76B | - | - | €81,825 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €13 | - | €81,825 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | €9,431 | €25,570 | €31,654 | €36,380 | ▲ 14.9% |
| Recurring financial charges65 | €9,435 | €9,431 | €25,570 | €31,654 | €36,380 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €13,119 | €11,367 | €60,994 | -€33,652 | €54,369 | ▲ 262% |
| Transfer from deferred taxes780 | - | €1,274 | €1,523 | €1,523 | €35,422 | ▲ 2,225% |
| Income taxes67/77 | €4,825 | €10,857 | €11,670 | €0 | €77,357 | - |
| Profit (loss) for the period9904 | €9,568 | €1,784 | €50,847 | -€32,129 | €12,433 | ▲ 139% |
| Transfer from tax-exempt reserves789 | - | €4,972 | €5,944 | €5,944 | €141,687 | ▲ 2,284% |
| Profit (loss) for the period to be appropriated9905 | €14,540 | €6,756 | €56,791 | -€26,185 | €154,120 | ▲ 689% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €777,488 | €757,589 | €1.4m | €1.4m | €811,893 | ▼ 39.9% |
| Fixed assets21/28 | €768,570 | €746,134 | €1.3m | €1.3m | €792,877 | ▼ 40.7% |
| Tangible fixed assets22/27 | €711,641 | €689,205 | €1.3m | €1.3m | €766,448 | ▼ 41.5% |
| Land and buildings22 | - | €689,205 | €1.3m | €1.3m | €756,752 | ▼ 41.7% |
| Plant, machinery and equipment23 | - | - | - | €1,695 | €1,271 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | €4,832 | €10,126 | €8,425 | ▼ 16.8% |
| Financial fixed assets28 | €56,929 | €56,929 | €26,429 | €26,429 | €26,429 | = |
| Current assets29/58 | €8,918 | €11,455 | €65,522 | €15,589 | €19,016 | ▲ 22.0% |
| Amounts receivable within one year40/41 | €211 | €4,624 | €58,612 | €13,309 | €14,935 | ▲ 12.2% |
| Trade receivables40 | - | €224 | €14,517 | €8,309 | €12,292 | ▲ 47.9% |
| Other amounts receivable41 | - | €4,400 | €44,095 | €5,000 | €2,643 | ▼ 47.1% |
| Cash at bank and in hand54/58 | €8,707 | €6,831 | €6,911 | €2,279 | €4,080 | ▲ 79.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €777,488 | €757,589 | €1.4m | €1.4m | €811,893 | ▼ 39.9% |
| Equity10/15 | €470,304 | €472,088 | €522,935 | €490,806 | €503,239 | ▲ 2.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €451,660 | €453,438 | €504,284 | €472,206 | €484,639 | ▲ 2.6% |
| Tax-exempt reserves132 | - | €182,028 | €176,084 | €170,140 | €28,453 | ▼ 83.3% |
| Distributable reserves133 | - | €271,410 | €328,200 | €302,066 | €456,186 | ▲ 51.0% |
| Profit (loss) carried forward14 | €44 | €50 | €51 | €0 | €0 | - |
| Provisions and deferred taxes16 | €47,925 | €46,650 | €45,127 | €43,604 | €8,182 | ▼ 81.2% |
| Deferred taxes168 | - | €46,650 | €45,127 | €43,604 | €8,182 | ▼ 81.2% |
| Amounts payable17/49 | €259,260 | €238,851 | €828,248 | €817,190 | €300,471 | ▼ 63.2% |
| Amounts payable after more than one year17 | €204,131 | €166,377 | €720,903 | €692,508 | €152,751 | ▼ 77.9% |
| Financial debts170/4 | - | €166,377 | €720,903 | €692,508 | €152,751 | ▼ 77.9% |
| Amounts payable within one year42/48 | €55,129 | €72,474 | €107,345 | €124,682 | €147,720 | ▲ 18.5% |
| Current portion of amounts payable after more than one year42 | - | €25,254 | €25,374 | €25,495 | €13,000 | ▼ 49.0% |
| Financial debts43 | - | €21,679 | €41,696 | €57,194 | €41,704 | ▼ 27.1% |
| Credit institutions430/8 | - | €21,679 | €41,696 | €57,194 | €41,704 | ▼ 27.1% |
| Trade debts44 | €6,683 | €6,489 | €30,624 | €18,512 | €30,600 | ▲ 65.3% |
| Suppliers440/4 | - | €6,489 | €30,624 | €18,512 | €30,600 | ▲ 65.3% |
| Taxes, remuneration and social security45 | - | €345 | €8,072 | €1,990 | €23,224 | ▲ 1,067% |
| Taxes450/3 | - | €345 | €8,072 | €1,990 | €23,224 | ▲ 1,067% |
| Other amounts payable47/48 | - | €18,706 | €1,580 | €21,490 | €39,193 | ▲ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,568 | €1,784 | €50,847 | -€32,129 | €12,433 | ▲ 139% |
| + Depreciation and write-downs630 | €21,948 | €22,436 | €33,550 | €48,478 | €35,773 | ▼ 26.2% |
| Operating cash flow (approximation) | €31,517 | €24,220 | €84,397 | €16,349 | €48,207 | ▲ 195% |
| Investment in fixed assets (approximation) | - | €0 | -€618,203 | -€53,700 | €507,360 | ▲ 1,045% |
| Change in cash | - | -€1,876 | €80 | -€4,631 | €1,801 | ▲ 139% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €12,433
Net result €12,433 after one loss-making year.
30-09
Financial
Equity above €500,000Eq €503,239 ▲2.5%
Equity rises from €490,806 to €503,239.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet -€32,129
Net result drops to -€32,129, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €500,000Eq €522,935 ▲10.8%
4 profitable years in a row build equity to €522,935.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €206,220
Net result €206,220 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Koksijde · 1 establishment unit since 2006
Ground area
656 m²
Building footprint
269 m²
Volume, LiDAR
2,638 m³
Parcel 38343A0625/00F000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Siena
since 20062.153.702.678
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38343A0625/00F000 | Flanders | 656 m² | 1 · 269 m² | 13.3 m · 3 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
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the annual accounts to 30-09-2025 of SIENA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 34,583 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
Founded10-04-2006
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880958750
Also
9925:BE0880958750
Registered
30-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.