SIERRE
ActiveSummary
The computed 12-month bankruptcy probability of SIERRE is 4.8% (elevated). The 2024 annual accounts show equity of €350k and a net result of €-11k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 2935 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability29▲+13
Solvency58▼-42
Growth58=
Track record94
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity tight (current ratio 1.2; short-term debt: 46% and cash: 16.4% of total assets), and 67.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.7%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-11k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
27 d late
2022
100 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€350k▼ 3.1%
2023 · €361k
2022: €369k
2023: €361k
2022 → 2024
Total assets
€1.07M▲ 180%
2023 · €382k
2022: €372k
2023: €382k
2022 → 2024
Net result
€-11k▼ 43.5%
2023 · €-8k
2022: €-31k
2023: €-8k
2022 → 2024
Working capital
€101k▼ 72.9%
2023 · €372k
2022: €361k
2023: €372k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€369k-€361k▼ 2.1%€350k▼ 3.1%
Operating result€-31k-€-8k▲ 75.1%€-1k▲ 85.7%
Net result€-31k-€-8k▲ 74.6%€-11k▼ 43.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2024 against €8k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.07M
Fixed assets
€477k ▲ 6,322%
Current assets
€594k ▲ 58.3%
Equity and liabilities €1.07M
Equity
€350k ▼ 3.1%
Debt
€721k ▲ 3,289%
Debt's share of the balance-sheet total rises from 5.6% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▲
2023 · €-7k
Cash flow
€6k▲
2023 · €-7k
Current ratio
1.20
Quick ratio
1.15
Debt to equity
2.06▲
2023 · 0.06
ROE
-3.2%▼
2023 · -2.2%
ROA
-1.1%▲
2023 · -2.1%
Interest coverage
1.44▲
2023 · -11.08
Debt ≤ 1 year
€493k▲
2023 · €3k
Debt > 1 year
€228k
Staff costs
€142k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€382k€1.07M▲
Fixed assets21/28€7k€477k▲
Intangible fixed assets21-€338k
Tangible fixed assets22/27€7k€139k▲
Plant, machinery and equipment23-€6k
Furniture and vehicles24-€34k
Other tangible fixed assets26€7k€99k▲
Current assets29/58€375k€594k▲
Stocks and contracts in progress3-€28k
Stocks30/36-€28k
Amounts receivable within one year40/41€347k€388k▲
Trade receivables40€336€45k▲
Other amounts receivable41€347k€343k▼
Cash at bank and in hand54/58€16k€176k▲
Deferred charges and accrued income490/1€12k€2k▼
Equity and liabilities
Total equity and liabilities10/49€382k€1.07M▲
Equity10/15€361k€350k▼
Contributions10/11€400k€400k=
Profit (loss) carried forward14€-39k€-50k▼
Amounts payable17/49€21k€721k▲
Amounts payable after more than one year17-€228k
Financial debts170/4-€228k
Amounts payable within one year42/48€3k€493k▲
Current portion of amounts payable after more than one year42-€38k
Trade debts44€3k€351k▲
Suppliers440/4€3k€351k▲
Taxes, remuneration and social security45-€102k
Taxes450/3-€31k
Remuneration and social security454/9-€71k
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€18k-
Income statement
Code20232024
Non-recurring operating income76A€71k-
Remuneration, social security and pensions62-€142k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€913€17k▲
Other operating charges640/8€626€2k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€-6k€168k▲
Operating profit (loss)9901€-8k€-1k▲
Financial income75/76B€392€1k▲
Recurring financial income75€392€1k▲
Financial charges65/66B€606€11k▲
Recurring financial charges65€606€11k▲
Profit (loss) for the period before taxes9903€-8k€-11k▼
Profit (loss) for the period9904€-8k€-11k▼
Profit (loss) for the period to be appropriated9905€-8k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-50k▼
Profit (loss) brought forward from the previous period14P€-31k€-39k▼
Social balance
Average headcount (FTE)9087-4.4
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 122 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 100 days late
NBB filing
Directors · office · real estate
Directors
3 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, Sint-Truiden · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heilig-Hartplein 53800 Sint-TruidenGround area
1,132 m²
Building footprint
1,130 m²
Volume, LiDAR
8,169 m³
2 parcels, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIERRE
since 20212.324.790.684
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0246/00G000 | Flanders | 746 m² | 1 · 746 m² | 11.2 m · 2 fl. |
| 71053H1051/00N000 | Flanders | 386 m² | 1 · 385 m² | 13.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.324.790.684
Similar companies · same sector, comparable size
HARU
BE 0684.948.177
Kortrijk · Eq €349,893
SANDHU
BE 0889.732.894
Alken · Eq €349,367
STUDIO MEMPHIS
BE 0807.328.624
Gent · Eq €349,296
Margaretha's
BE 0751.646.664
Oudenaarde · Eq €349,165
Barge restaurant
BE 0632.727.040
Brussel · Eq €349,091
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 7,261 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.