SIEWOOD
ActiveThe computed 12-month bankruptcy probability of SIEWOOD is 2.0% (moderate). The 2025 annual accounts show equity of €61k and a net result of €33k. Equity is growing by ~93.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 27787 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+10
Solvency59▲+22
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.85 in 2024; short-term debt: 58.2% and cash: 2.9% of total assets), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
33.8%
Return on assets
18.3%
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 16-03-2026, 45 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
45 d early
2024
42 d early
2023
46 d early
2022
46 d early
← before the deadline
after the deadline →
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
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▲ 118%
2024 · €28k
2022: €12k
2023: €3k
2024: €28k
2022 → 2025
Total assets
€182k▼ 25.0%
2024 · €242k
2022: €101k
2023: €141k
2024: €242k
2022 → 2025
Net result
€33k▲ 33.3%
2024 · €25k
2022: €10k
2023: €-9k
2024: €25k
2022 → 2025
Working capital
€2k
2024 · €-28k
2022: €-34k
2023: €-51k
2024: €-28k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€12k-€3k▼ 73.8%€28k▲ 775%€61k▲ 118%
Operating result€15k-€-6k€32k€47k▲ 45.6%
Net result€10k-€-9k€25k€33k▲ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182k
Fixed assets
€73k▼ 8.5%
Current assets
€108k▼ 33.1%
Equity and liabilities €182k
Equity
€61k▲ 118%
Debt
€120k▼ 43.8%
The debt ratio falls from 88.4% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2024 · €63k
Cash flow
€67k▲
2024 · €56k
Solvency
33.8%▲
2024 · 11.6%
Current ratio
1.02▲
2024 · 0.85
Quick ratio
0.56▲
2024 · 0.49
Debt / equity
1.96▼
2024 · 7.61
ROE
54.1%▼
2024 · 88.6%
ROA
18.3%▲
2024 · 10.3%
Interest coverage
16.74▲
2024 · 10.53
Debt
€120k▼
2024 · €214k
Debt ≤ 1 year
€106k▼
2024 · €189k
Debt > 1 year
€13k▼
2024 · €23k
Income taxes
€9k▲
2024 · €2k
Staff costs
€39k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€242k€182k▼
Fixed assets21/28€80k€73k▼
Intangible fixed assets21-€2k
Tangible fixed assets22/27€79k€70k▼
Plant, machinery and equipment23€31k€42k▲
Furniture and vehicles24€17k€7k▼
Leasing and similar rights25€31k€21k▼
Financial fixed assets28€1k€1k=
Current assets29/58€162k€108k▼
Stocks and contracts in progress3€69k€49k▼
Stocks30/36€48k€49k▲
Contracts in progress37€21k€0▼
Amounts receivable within one year40/41€83k€52k▼
Trade receivables40€65k€39k▼
Other amounts receivable41€19k€13k▼
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€242k€182k▼
Equity10/15€28k€61k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€26k€59k▲
Amounts payable17/49€214k€120k▼
Amounts payable after more than one year17€23k€13k▼
Financial debts170/4€23k€13k▼
Amounts payable within one year42/48€189k€106k▼
Current portion of amounts payable after more than one year42€16k€10k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€59k€44k▼
Suppliers440/4€59k€44k▼
Advances received on contracts in progress46€75k€22k▼
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€553€5k▲
Remuneration and social security454/9€14k€3k▼
Other amounts payable47/48€25k€21k▼
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€0€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€34k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€64k€122k▲
Operating profit (loss)9901€32k€47k▲
Financial income75/76B€154€209▲
Recurring financial income75€154€209▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€26k€42k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€25k€33k▲
Profit (loss) for the period to be appropriated9905€25k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€59k▲
Profit (loss) brought forward from the previous period14P€1k€26k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €33k ▲33.3%
Operating result €47k, net result €33k, both a record.
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-9k ▼188%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 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.
Meerlaantjestraat 278700 TieltGround area
1,034 m²
Building footprint
125 m²
Volume, LiDAR
710 m³
Parcel 37302F0109/00F003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIEWOOD
since 20212.311.344.308
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302F0109/00F003 | Flanders | 1,034 m² | 1 · 125 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2025 · 3 entries · 1,292 EUR awarded · 1,292 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 373 EUR | 373 EUR |
| 2024 | 1 | 583 EUR | 583 EUR |
| 2023 | 1 | 336 EUR | 336 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 7,546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2020
Fiscal year end30-09
Activities, NACEBEL
43320Joinery installation
43240Other construction installation
43299Specialised construction activities
43333Wallpapering and laying of floor and wall coverings in other materials
43342Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.