SIEPAS
ActiveSummary
SIEPAS has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,686 and a net result of €34,484. Equity has been shrinking by about 25% per year since 2018. Its solvency ranks better than 37% of 4,798 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-04-1983 Normal situation
- Activity
- Event catering NACE 56210and 3 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment unit
- 2.022.216.606 9620 Zottegem, since 16-04-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 01-09-2026
Board and ownership
Board
- Wim RasschaertDirector · since 10-05-2021
Shareholders
- Raspat Holding100%· score 5430-09-2024 annual accounts of Raspat Holding
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
Annual accounts 2025
- Gross margin
- €121,819
- ▼ 30.2%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €34,484
- ▲ 104%
- Equity
- €89,686
- ▲ 62.5%
- Total assets
- €520,165
- ▼ 2.1%
- Employees on 31-12-2025
- 1
- =
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)1 of the last 3 accounts lateEquity €89,686 (17.2% of total assets)lowers riskFounded in 1983Show the evidence
Checked score
Score 2025
70
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 52% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Average
Solvency
42+7
equity 17.2% of total assets
Liquidity
30+7
short-term debt 81.1% · cash 19.9%
Profitability
77+8
return on assets 6.6%
Bankruptcy probability within 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%▼ -0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.3 percentage points vs 06-2025
08-2025: 1.6%▲ +0.4 percentage points vs 07-2025
09-2025: 1.9%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 1.0%▼ -0.9 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 0.9%▼ -0.1 percentage points vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 0.9%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.7%● unchanged vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.28 (0.22 in 2024), below 1. Short-term debt is 81.1% and cash 19.9% of total assets. 82.8% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 39% of them on solvency, 25% on liquidity, 61% on profitability and 84% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €89,686
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
48 days late
2023
33 days early
2022
7 days early
2021
23 days late
2020
106 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 43 filings
Turnover
≈ €390,000
Estimated: probably between €310,000 and €510,000
Total assets
€520,165▼ 2.1%
2024 · €531,466
Net result
€34,484▲ 104%
2024 · €16,883
Working capital
-€303,375▲ 12.2%
2024 · -€345,493
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 17% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Operating result€39,198
2025
Net result€34,484
2025
Total assets€520,165
2025
Equity€89,686
2025
Debt€430,479
2025
Working capital-€303,375
2025
Return on assets (ROA)6.6%
2025
Solvency17.2%
2025
Current ratio0.28
2025
Staff (FTE)0.8
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€35,316--€16,317▲ 53.8%-€698▲ 95.7%-€121,382▼ 17,288%-€104,376▲ 14.0%-€17,088▲ 83.6%€33,586€39,198▲ 16.7%
Net result-€37,874--€25,692▲ 32.2%-€780within the sector's middle half▲ 97.0%-€123,043below the sector's middle half▼ 15,681%-€106,331below the sector's middle half▲ 13.6%-€22,249below the sector's middle half▲ 79.1%€16,883within the sector's middle half€34,484within the sector's middle half▲ 104%
Equity€316,414-€290,721▼ 8.1%€289,941above the sector's middle half▼ 0.3%€166,899above the sector's middle half▼ 42.4%€60,568within the sector's middle half▼ 63.7%€38,319within the sector's middle half▼ 36.7%€55,202within the sector's middle half▲ 44.1%€89,686within the sector's middle half▲ 62.5%
Total assets€407,789-€604,700▲ 48.3%€613,042above the sector's middle half▲ 1.4%€587,757above the sector's middle half▼ 4.1%€542,659within the sector's middle half▼ 7.7%€529,722within the sector's middle half▼ 2.4%€531,466within the sector's middle half▲ 0.3%€520,165within the sector's middle half▼ 2.1%
Debt€91,375-€313,979▲ 244%€323,101▲ 2.9%€420,859▲ 30.3%€482,091▲ 14.5%€491,404▲ 1.9%€476,265▼ 3.1%€430,479▼ 9.6%
Working capital€187,124-€175,148▼ 6.4%€7,304within the sector's middle half▼ 95.8%-€243,520below the sector's middle half-€343,104below the sector's middle half▼ 40.9%-€355,804below the sector's middle half▼ 3.7%-€345,493below the sector's middle half▲ 2.9%-€303,375below the sector's middle half▲ 12.2%
Solvency77.6%-48.1%▼ 29.5pp47.3%within the sector's middle half▼ 0.8pp28.4%within the sector's middle half▼ 18.9pp11.2%within the sector's middle half▼ 17.2pp7.2%within the sector's middle half▼ 3.9pp10.4%within the sector's middle half▲ 3.2pp17.2%within the sector's middle half▲ 6.9pp
Current ratio3.05-29.54▲ 26.491.33within the sector's middle half▼ 28.200.07below the sector's middle half▼ 1.260.06below the sector's middle half▼ 0.010.14below the sector's middle half▲ 0.080.22below the sector's middle half▲ 0.070.28below the sector's middle half▲ 0.07
Return on assets (ROA)-9.3%--4.2%▲ 5.0pp-0.1%within the sector's middle half▲ 4.1pp-20.9%below the sector's middle half▼ 20.8pp-19.6%below the sector's middle half▲ 1.3pp-4.2%below the sector's middle half▲ 15.4pp3.2%within the sector's middle half▲ 7.4pp6.6%within the sector's middle half▲ 3.5pp
Staff (FTE)10.8below the sector's middle half▼ 20.0%0.8below the sector's middle half=0.8below the sector's middle half=0.8below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520,165
Fixed assets
€401,437 ▼ 8.1%
Current assets
€118,728 ▲ 25.3%
Equity and liabilities €520,165
Equity
€89,686 ▲ 62.5%
Debt
€430,479 ▼ 9.6%
Debt's share of the balance-sheet total falls from 89.6% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98,209▲
2024 · €90,214
Cash flow
€93,496▲
2024 · €73,511
Debt to equity
4.80▼
2024 · 8.63
ROE
38.5%▲
2024 · 30.6%
Interest coverage
21.24▲
2024 · 5.58
Debt ≤ 1 year
€422,103▼
2024 · €440,268
Debt > 1 year
€0▼
2024 · €30,442
Income taxes
€97▼
2024 · €534
Staff costs
€16,316▼
2024 · €77,092
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | - | 0 | 0 | 0 | 0 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
| Average over the year, in full-time equivalents | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | 1 | - | - | - | - |
| Left | 0 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €38,924 | €10,888 | €5,859 | €21,882 | €23,896 |
| Financial fixed assets | €278 | €267 | €118 | - | €0 |
| Depreciation and write-downs of the year | €54,156 | €60,169 | €54,439 | €56,628 | €59,011 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €32,729 | €70,001 | €77,674 | €77,092 | €16,316 | ▼ 78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,355 | €36,720 | €37,978 | €54,156 | €60,169 | €54,439 | €56,628 | €59,011 | ▲ 4.2% |
| Other operating charges640/8 | - | - | - | €12,102 | €4,568 | €5,027 | €7,144 | €7,293 | ▲ 2.1% |
| Gross operating margin9900 | -€14,916 | €22,896 | €39,461 | -€22,395 | €30,363 | €120,053 | €174,450 | €121,819 | ▼ 30.2% |
| Operating profit (loss)9901 | -€35,316 | -€16,317 | -€698 | -€121,382 | -€104,376 | -€17,088 | €33,586 | €39,198 | ▲ 16.7% |
| Financial income75/76B | - | - | - | €2 | €71 | €0 | €7 | €8 | ▲ 8.6% |
| Recurring financial income75 | - | €39 | €32 | €2 | €71 | €0 | €7 | €8 | ▲ 8.6% |
| Financial charges65/66B | - | - | - | €1,538 | €1,458 | €4,618 | €16,176 | €4,625 | ▼ 71.4% |
| Recurring financial charges65 | €2,397 | €9,119 | €113 | €1,538 | €1,458 | €4,618 | €16,176 | €4,625 | ▼ 71.4% |
| Profit (loss) for the period before taxes9903 | -€37,700 | -€25,397 | -€780 | -€122,918 | -€105,763 | -€21,706 | €17,418 | €34,581 | ▲ 98.5% |
| Income taxes67/77 | €174 | €296 | - | €124 | €568 | €543 | €534 | €97 | ▼ 81.9% |
| Profit (loss) for the period9904 | -€37,874 | -€25,692 | -€780 | -€123,043 | -€106,331 | -€22,249 | €16,883 | €34,484 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | -€37,874 | -€25,692 | -€780 | -€123,043 | -€106,331 | -€22,249 | €16,883 | €34,484 | ▲ 104% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €407,789 | €604,700 | €613,042 | €587,757 | €542,659 | €529,722 | €531,466 | €520,165 | ▼ 2.1% |
| Fixed assets21/28 | €129,290 | €423,415 | €583,914 | €568,959 | €519,944 | €471,483 | €436,692 | €401,437 | ▼ 8.1% |
| Intangible fixed assets21 | - | - | €4,958 | €4,458 | €3,958 | €3,458 | €2,958 | €2,458 | ▼ 16.9% |
| Tangible fixed assets22/27 | €129,290 | €423,415 | €578,956 | €564,223 | €515,441 | €467,361 | €433,116 | €398,500 | ▼ 8.0% |
| Land and buildings22 | - | - | - | €109,122 | €97,637 | €89,653 | €81,669 | €90,938 | ▲ 11.3% |
| Plant, machinery and equipment23 | - | - | - | €429,959 | €389,941 | €358,010 | €339,913 | €300,918 | ▼ 11.5% |
| Furniture and vehicles24 | - | - | - | €25,142 | €27,864 | €19,699 | €11,534 | €6,644 | ▼ 42.4% |
| Financial fixed assets28 | - | - | - | €278 | €544 | €663 | €618 | €479 | ▼ 22.5% |
| Current assets29/58 | €278,499 | €181,285 | €29,128 | €18,798 | €22,715 | €58,240 | €94,775 | €118,728 | ▲ 25.3% |
| Stocks and contracts in progress3 | €32,680 | €27,430 | €10,182 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €39,101 | €150,567 | €13,281 | €9,487 | €3,169 | €16,842 | €12,824 | €12,509 | ▼ 2.5% |
| Trade receivables40 | - | - | - | €3,932 | €3,169 | €16,842 | €12,824 | €6,269 | ▼ 51.1% |
| Other amounts receivable41 | - | - | - | €5,555 | €0 | - | - | €6,239 | - |
| Cash at bank and in hand54/58 | €206,719 | €822 | €5,595 | €9,312 | €15,928 | €35,245 | €78,334 | €103,646 | ▲ 32.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,618 | €6,153 | €3,616 | €2,573 | ▼ 28.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €407,789 | €604,700 | €613,042 | €587,757 | €542,659 | €529,722 | €531,466 | €520,165 | ▼ 2.1% |
| Equity10/15 | €316,414 | €290,721 | €289,941 | €166,899 | €60,568 | €38,319 | €55,202 | €89,686 | ▲ 62.5% |
| Contributions10/11 | €37,500 | €37,500 | - | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Reserves13 | €253,750 | €253,750 | €253,750 | €253,750 | €253,750 | €253,750 | €253,750 | €253,750 | = |
| Non-distributable reserves130/1 | - | - | - | €3,750 | €3,750 | €3,750 | €3,750 | €3,750 | = |
| Reserves not available under the articles1311 | - | - | - | €3,750 | €3,750 | €3,750 | €3,750 | €3,750 | = |
| Distributable reserves133 | - | - | - | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Profit (loss) carried forward14 | €25,164 | -€529 | -€1,309 | -€124,351 | -€230,682 | -€252,931 | -€236,048 | -€201,564 | ▲ 14.6% |
| Amounts payable17/49 | €91,375 | €313,979 | €323,101 | €420,859 | €482,091 | €491,404 | €476,265 | €430,479 | ▼ 9.6% |
| Amounts payable after more than one year17 | - | €307,841 | €301,277 | €150,645 | €110,853 | €70,786 | €30,442 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €150,645 | €110,853 | €70,786 | €30,442 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €91,375 | €6,138 | €21,824 | €262,318 | €365,819 | €414,043 | €440,268 | €422,103 | ▼ 4.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €39,518 | €39,792 | €40,067 | €43,694 | €33,814 | ▼ 22.6% |
| Trade debts44 | €74 | €2,167 | €9,335 | €5,014 | €8,583 | €7,745 | €3,596 | €13,611 | ▲ 279% |
| Suppliers440/4 | - | - | - | €5,014 | €8,583 | €7,745 | €3,596 | €13,611 | ▲ 279% |
| Taxes, remuneration and social security45 | - | - | - | €12,376 | €9,674 | €15,701 | €19,411 | €97 | ▼ 99.5% |
| Taxes450/3 | - | - | - | €8,358 | €2,099 | €7,206 | €10,870 | €97 | ▼ 99.1% |
| Remuneration and social security454/9 | - | - | - | €4,017 | €7,575 | €8,495 | €8,541 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €205,410 | €307,770 | €350,530 | €373,567 | €374,581 | ▲ 0.3% |
| Accrued charges and deferred income492/3 | - | - | - | €7,896 | €5,419 | €6,574 | €5,555 | €8,376 | ▲ 50.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,874 | -€25,692 | -€780 | -€123,043 | -€106,331 | -€22,249 | €16,883 | €34,484 | ▲ 104% |
| + Depreciation and write-downs630 | €16,355 | €36,720 | €37,978 | €54,156 | €60,169 | €54,439 | €56,628 | €59,011 | ▲ 4.2% |
| Operating cash flow (approximation) | -€21,519 | €11,027 | €37,198 | -€68,886 | -€46,162 | €32,190 | €73,511 | €93,496 | ▲ 27.2% |
| Investment in fixed assets (approximation) | - | -€330,844 | -€198,477 | -€39,201 | -€11,154 | -€5,978 | -€21,837 | -€23,757 | ▼ 8.8% |
| Change in cash | - | -€205,897 | €4,773 | €3,716 | €6,616 | €19,317 | €43,089 | €25,312 | ▼ 41.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,818 companies had the same profile as SIEPAS has now. Two years later, 1.0% had gone bankrupt and 95.1% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95.1%
was still going
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIEPAS itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for SIEPAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00174568 | |
| 31-12-2024 | abbreviated format | 17-09-2025 | 2025-00493272 | |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00188463 | |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00264807 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20330908 | |
| 31-12-2020 | micro format | 16-04-2021 | 2021-10500374 | |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-37500339 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-25300540 | |
| 31-12-2017 | abbreviated format | 02-07-2018 | 2018-27700500 | |
| 31-12-2016 | abbreviated format | 22-06-2017 | 2017-20200255 |
Board & ownership
Directors
Directors
1 director, last change in 2023
Wim Rasschaert
Current
Director (not named in the articles) · since 10-05-2021 · earlier manager, until 01-06-2023 · term without a fixed end · also on the board of 2 other companies · listed in the 2025 annual accounts, filed on 19-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“van de vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden. Vertegenwoordigingsbevoegdheid Iedere…”
deed of 01-06-2023Owners and capital
Shareholders
1 ownerChain of control
- Raspat Holding
- SIEPAS
Owners 1
- Raspat HoldingparentEquity -€64,065 Loss of €15,452 in 2025 (loss of €14,516 in 2024) Checked score 54100%
Capital transactions
Capital over time
- 01-06-2023 Converted to unavailable equity · €37,500
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Wim Rasschaert |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Articles of association, deed of 01-06-2023 (in Dutch)
Network & group
Companies at the same address
3 other companiesConnections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
DIEFTE
via Wim Rasschaert · Director
→
Wim Rasschaert Advocatenkantoor
via Wim Rasschaert · Statutory director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
19-06
abbreviated format · 42 days before the deadline
2025
31-12
Financial
Highest result from 2018 to 2025net €34,484 ▲104%
The operating result of €39,198 and the net result of €34,484 are both a record.
17-09
abbreviated format · 48 days late
2024
31-12
Financial
Back to profitnet €16,883
The net result is €16,883, after 6 loss-making years.
28-06
abbreviated format · 33 days before the deadline
2023
24-07
abbreviated format · 7 days before the deadline
01-06
Gazette deed
Change of role: RASSCHAERT Wim, from manager to directorPurpose change · Amendment of the articles · Capital conversion14 points ▸
Gazette deed
Change of role: RASSCHAERT Wim, from manager to director
Purpose change · Amendment of the articles · Capital conversion14 points ▸
- General meeting, 23-05-2023
- Other provision, “verslag bestuursorgaan aangaande wijziging voorwerp, tegelijk met uitgifte op griffie ondernemingsrechtbank” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing artikel 39,§2,tweede lid wet 23-03-2019” (deed in Dutch)
- Capital
- Power of attorney, Kristof Berlengé
- Power of attorney, Carmen de Vuyst
- Director resignation, RASSCHAERT Wim (manager)
- Director appointment, RASSCHAERT Wim (director (not named in the articles))
- Director discharge, RASSCHAERT Wim
- The act holds 2 more points.
2022
23-08
micro format · 23 days late
2021
31-12
Financial
Weakest financial yearnet -€123,043
The net result drops to -€123,043, the lowest from 2018 to 2025. It recovers the following year.
16-04
micro format · 106 days before the deadline
2020
31-07
abbreviated format · on the deadline day
2019
31-12
Financial
Liquidity more than 9 timescurrent ratio 29.54
The current ratio rises from 3.05 to 29.54. Short-term debt falls from €91,375 to €6,138.
Show earlier events
27-06
micro format · 34 days before the deadline
2018
02-07
abbreviated format · 29 days before the deadline
2017
22-06
abbreviated format · 39 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SIEPAS in Dutch
Enterprise number
0423.875.944
Legal form
Private limited company
Status
Active, normale toestand
Founded
14-04-1983
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 01-06-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 01-06-2023 (in Dutch)Registered office and establishments
Registered office
Gentse Steenweg 323, 9620 Zottegem, Belgium
Establishment unit
Gentse Steenweg 323, 9620 Zottegem since 16-04-1983 · unit number 2.022.216.6065621001 Event catering
Activities
NACEBEL 202556210
Event catering main activity
46321
Wholesale of meat and meat products, excluding game and poultry
47252
Retail sale of beverages, general range
68203
Renting and operating of own or leased non-residential real estate, excluding land
Codes under NACEBEL 2008
56210
Catering main activity
46321
Wholesale of meat and meat products, excluding game and poultry
47252
Retail trade
68203
Real estate rental
Codes under NACEBEL 2003
51321
main activity
52250
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2024
Invoicing and payment
VAT number
BE 0423.875.944
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of May at 17:00
deed of 01-06-2023 (in Dutch)Recognitions · licences · registrations
Food safety, FASFC
1 siteZottegemunit number 2.022.216.606
Environmental permits
1 application in Flanders since 2018 · 1 granted
Functiewijziging; Verwijderen van vrijstaande gebouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
4,075 m²
Building footprint
322 m²
Building volume
2,506 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41035A0020/02H000 | Flanders | 4,074 m² | 1 · 322 m² | 14.9 m · 2 |