SIERKO
ActiveSummary
SIERKO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €238,959 and a net result of €32,407. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 52% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-3
Solvency73▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 2.03 in 2023; short-term debt: 22.1% and cash: 8.6% of total assets), but 51.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €238,959
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
44 d early
2022
11 d early
2021
16 d early
2020
16 d late
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€238,959▲ 15.7%
2023 · €206,552
Total assets
€495,600▲ 40.2%
2023 · €353,480
Net result
€32,407▲ 6.3%
2023 · €30,482
Working capital
€62,275▼ 13.1%
2023 · €71,702
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€14,113▲ 25.2%€14,155▲ 0.3%€67,449▲ 377%€49,686▼ 26.3%€51,826▲ 4.3%
Net result€6,490within the sector's middle half▲ 5,270%-€5,593below the sector's middle half€43,431above the sector's middle half€30,482above the sector's middle half▼ 29.8%€32,407above the sector's middle half▲ 6.3%
Equity€201,096above the sector's middle half▲ 3.3%€180,503above the sector's middle half▼ 10.2%€196,725above the sector's middle half▲ 9.0%€206,552above the sector's middle half▲ 5.0%€238,959above the sector's middle half▲ 15.7%
Total assets€525,718above the sector's middle half▼ 8.5%€452,428above the sector's middle half▼ 13.9%€400,720above the sector's middle half▼ 11.4%€353,480above the sector's middle half▼ 11.8%€495,600above the sector's middle half▲ 40.2%
Debt€324,622▼ 14.6%€271,925▼ 16.2%€203,996▼ 25.0%€146,928▼ 28.0%€256,641▲ 74.7%
Working capital€124,942▼ 3.5%€70,911▼ 43.2%€62,545▼ 11.8%€71,702▲ 14.6%€62,275▼ 13.1%
Solvency38.3%within the sector's middle half▲ 4.4pp39.9%within the sector's middle half▲ 1.6pp49.1%within the sector's middle half▲ 9.2pp58.4%within the sector's middle half▲ 9.3pp48.2%within the sector's middle half▼ 10.2pp
Staff (FTE)1.3within the sector's middle half▼ 35.0%1.5▲ 15.4%1▼ 33.3%1=1.3▲ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €495,600
Fixed assets
€323,854 ▲ 52.7%
Current assets
€171,746 ▲ 21.5%
Equity and liabilities €495,600
Equity
€238,959 ▲ 15.7%
Debt
€256,641 ▲ 74.7%
Debt's share of the balance-sheet total rises from 41.6% to 51.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105,284▲
2023 · €83,117
Cash flow
€85,865▲
2023 · €63,914
Current ratio
1.57▼
2023 · 2.03
Quick ratio
1.29▼
2023 · 1.55
Debt to equity
1.07▲
2023 · 0.71
ROE
13.6%▼
2023 · 14.8%
ROA
6.5%▼
2023 · 8.6%
Interest coverage
7.01▼
2023 · 11.68
Debt ≤ 1 year
€109,471▲
2023 · €69,699
Debt > 1 year
€145,607▲
2023 · €77,229
Income taxes
€9,924▼
2023 · €12,498
Staff costs
€47,718▼
2023 · €60,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €28,099 | - |
| Remuneration, social security and pensions62 | - | €48,960 | €48,517 | €60,146 | €47,718 | ▼ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,262 | €49,661 | €47,969 | €33,432 | €53,458 | ▲ 59.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €30,469 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€23,137 | - |
| Other operating charges640/8 | - | €4,293 | €5,091 | €5,431 | €3,513 | ▼ 35.3% |
| Gross operating margin9900 | €119,209 | €117,069 | €199,495 | €148,694 | €133,378 | ▼ 10.3% |
| Operating profit (loss)9901 | €14,113 | €14,155 | €67,449 | €49,686 | €51,826 | ▲ 4.3% |
| Financial income75/76B | - | €5,044 | €210 | €409 | €5,531 | ▲ 1,253% |
| Recurring financial income75 | €1,400 | €1,264 | €210 | €409 | €5,531 | ▲ 1,253% |
| Non-recurring financial income76B | - | €3,780 | - | - | - | - |
| Financial charges65/66B | - | €7,281 | €5,930 | €7,115 | €15,026 | ▲ 111% |
| Recurring financial charges65 | €8,864 | €7,281 | €5,930 | €7,115 | €15,026 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €17,418 | €11,918 | €61,730 | €42,980 | €42,331 | ▼ 1.5% |
| Income taxes67/77 | €10,929 | €17,511 | €18,299 | €12,498 | €9,924 | ▼ 20.6% |
| Profit (loss) for the period9904 | €6,490 | -€5,593 | €43,431 | €30,482 | €32,407 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €6,490 | -€5,593 | €43,431 | €30,482 | €32,407 | ▲ 6.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525,718 | €452,428 | €400,720 | €353,480 | €495,600 | ▲ 40.2% |
| Fixed assets21/28 | €309,623 | €270,222 | €239,625 | €212,079 | €323,854 | ▲ 52.7% |
| Tangible fixed assets22/27 | €309,623 | €270,222 | €239,625 | €212,079 | €323,854 | ▲ 52.7% |
| Land and buildings22 | - | €224,933 | €207,196 | €189,713 | €172,461 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €4,221 | €17,745 | €19,399 | €18,637 | ▼ 3.9% |
| Furniture and vehicles24 | - | €41,069 | €14,685 | €2,967 | €132,756 | ▲ 4,375% |
| Current assets29/58 | €216,095 | €182,206 | €161,095 | €141,401 | €171,746 | ▲ 21.5% |
| Amounts receivable after more than one year29 | - | - | €12,500 | - | - | - |
| Other amounts receivable291 | - | - | €12,500 | - | - | - |
| Stocks and contracts in progress3 | €53,439 | €33,176 | €36,000 | €33,500 | €30,500 | ▼ 9.0% |
| Stocks30/36 | - | €30,500 | €36,000 | €33,500 | €30,500 | ▼ 9.0% |
| Contracts in progress37 | - | €2,676 | - | - | - | - |
| Amounts receivable within one year40/41 | €87,118 | €92,280 | €56,029 | €66,242 | €90,574 | ▲ 36.7% |
| Trade receivables40 | - | €77,527 | €39,668 | €59,974 | €73,002 | ▲ 21.7% |
| Other amounts receivable41 | - | €14,753 | €16,361 | €6,268 | €17,572 | ▲ 180% |
| Cash at bank and in hand54/58 | €53,403 | €49,252 | €51,179 | €38,141 | €42,633 | ▲ 11.8% |
| Deferred charges and accrued income490/1 | - | €7,498 | €5,387 | €3,518 | €8,039 | ▲ 129% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525,718 | €452,428 | €400,720 | €353,480 | €495,600 | ▲ 40.2% |
| Equity10/15 | €201,096 | €180,503 | €196,725 | €206,552 | €238,959 | ▲ 15.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €182,375 | €161,782 | €178,004 | €187,169 | €219,569 | ▲ 17.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €159,922 | €176,144 | €187,169 | €219,569 | ▲ 17.3% |
| Profit (loss) carried forward14 | €121 | €121 | €121 | €783 | €791 | ▲ 0.9% |
| Amounts payable17/49 | €324,622 | €271,925 | €203,996 | €146,928 | €256,641 | ▲ 74.7% |
| Amounts payable after more than one year17 | €233,469 | €160,631 | €104,945 | €77,229 | €145,607 | ▲ 88.5% |
| Financial debts170/4 | - | €160,631 | €104,945 | €77,229 | €145,607 | ▲ 88.5% |
| Amounts payable within one year42/48 | €91,153 | €111,294 | €98,551 | €69,699 | €109,471 | ▲ 57.1% |
| Current portion of amounts payable after more than one year42 | - | €76,182 | €60,815 | €28,153 | €50,719 | ▲ 80.2% |
| Financial debts43 | - | - | - | €5,068 | €5,071 | ▲ 0.1% |
| Credit institutions430/8 | - | - | - | €5,068 | €5,071 | ▲ 0.1% |
| Trade debts44 | €11,248 | €19,529 | €25,671 | €31,948 | €38,562 | ▲ 20.7% |
| Suppliers440/4 | - | €19,529 | €25,671 | €31,948 | €38,562 | ▲ 20.7% |
| Taxes, remuneration and social security45 | - | €15,583 | €10,810 | - | €10,588 | - |
| Taxes450/3 | - | €7,883 | €10,810 | - | - | - |
| Remuneration and social security454/9 | - | €7,701 | - | - | €10,588 | - |
| Other amounts payable47/48 | - | - | €1,254 | €4,530 | €4,530 | = |
| Accrued charges and deferred income492/3 | - | - | €500 | - | €1,563 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,490 | -€5,593 | €43,431 | €30,482 | €32,407 | ▲ 6.3% |
| + Depreciation and write-downs630 | €53,262 | €49,661 | €47,969 | €33,432 | €53,458 | ▲ 59.9% |
| Operating cash flow (approximation) | €59,752 | €44,068 | €91,399 | €63,914 | €85,865 | ▲ 34.3% |
| Investment in fixed assets (approximation) | - | -€10,260 | -€17,371 | -€5,886 | -€165,233 | ▼ 2,707% |
| Change in cash | - | -€4,151 | €1,927 | -€13,038 | €4,492 | ▲ 134% |
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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €206,552 ▲5%
2 profitable years in a row build equity to €206,552.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €43,431
Net result €43,431 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€5,593
Net result drops to -€5,593, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Equity above €200,000Eq €201,096 ▲3.3%
3 profitable years in a row build equity to €201,096.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 2 establishment units since 2008
Ground area
706 m²
Building footprint
479 m²
Volume, LiDAR
2,344 m³
2 parcels, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SIERKO
since 20082.235.986.194
SIERKO
since 20082.168.715.013
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0124/00L019 | Flanders | 496 m² | 1 · 317 m² | 5.5 m · 2 fl. |
| 34353B0129/00V022 | Flanders | 210 m² | 1 · 163 m² | 11.8 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.
Public money · subsidies and aid
Flemish government
2025 · 3 entries · 3,711 EUR awarded · 3,624 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 3,711 EUR | 3,624 EUR |
Recognitions · licences · registrations
Recognised contractor
4 categoriesSIERKO BV30788
Dual-learning approval
2 live approvals · 4 endedBinnen- en buitenschrijnwerk duaal (so)
Buitenschrijnwerker hout duaal (so)
Show 4 ended approvals
Machinaal houtbewerker (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Werkplaatsbinnenschrijnwerker hout (so)
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ALGEMENE SCHRIJNWERKERIJ DANNY NUYTS
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,203 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
Founded25-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
31001Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43332Laying of wooden floor and wall coverings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895236556
Registered
25-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.