SIEZO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €920k and a net result of €401k. Equity is growing by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 6156 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
13 d early
2022
37 d late
2021
16 d late
2020
2 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€920k▲ 63.0%
2023 · €565k
2018: €76k
2019: €107k
2020: €190k
2021: €254k
2022: €381k
2023: €565k
2018 → 2024
Net result
€401k▲ 118%
2023 · €184k
2018: €14k
2019: €32k
2020: €82k
2021: €81k
2022: €126k
2023: €184k
2018 → 2024
Total assets
€1.09M▲ 72.2%
2023 · €634k
2018: €120k
2019: €146k
2020: €245k
2021: €322k
2022: €438k
2023: €634k
2018 → 2024
Solvency
84.3%▼ 4.8pp
2023 · 89.1%
2018: 62.9%
2019: 73.5%
2020: 77.4%
2021: 79.0%
2022: 87.0%
2023: 89.1%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€190k-€254k▲ 34.0%€381k▲ 49.7%€565k▲ 48.3%€920k▲ 63.0%
Operating result€114k-€113k▼ 0.4%€181k▲ 60.1%€267k▲ 47.3%€573k▲ 115%
Net result€82k-€81k▼ 1.7%€126k▲ 56.2%€184k▲ 45.5%€401k▲ 118%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 115% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.09M
Fixed assets
€35k▲ 80.4%
Current assets
€1.06M▲ 71.9%
Equity and liabilities €1.09M
Equity
€920k▲ 63.0%
Debt
€172k▲ 147%
The debt ratio rises from 10.9% to 15.7%. Equity and debt are higher.
Key figures and ratios
Solvency
84.3%▼
2023 · 89.1%
ROE
43.6%▲
2023 · 32.6%
ROA
36.7%▲
2023 · 29.0%
Debt
€172k▲
2023 · €69k
Debt ≤ 1 year
€171k▲
2023 · €69k
Income taxes
€181k▲
2023 · €87k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€634k€1.09M▲
Fixed assets21/28€19k€35k▲
Tangible fixed assets22/27€14k€29k▲
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€9k€26k▲
Financial fixed assets28€5k€6k▲
Current assets29/58€615k€1.06M▲
Amounts receivable after more than one year29€149k€149k=
Other amounts receivable291€149k€149k=
Amounts receivable within one year40/41€6k€357k▲
Trade receivables40€6k€357k▲
Cash at bank and in hand54/58€459k€550k▲
Deferred charges and accrued income490/1€563€1k▲
Equity and liabilities
Total equity and liabilities10/49€634k€1.09M▲
Equity10/15€565k€920k▲
Contributions10/11€19k€19k=
Reserves13€546k€901k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€544k€899k▲
Profit (loss) carried forward14€431€433▲
Amounts payable17/49€69k€172k▲
Amounts payable within one year42/48€69k€171k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€65k€138k▲
Taxes450/3€65k€138k▲
Other amounts payable47/48€370€31k▲
Accrued charges and deferred income492/3-€210
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€271k€581k▲
Operating profit (loss)9901€267k€573k▲
Financial income75/76B€5k€10k▲
Recurring financial income75€5k€10k▲
Financial charges65/66B€254€475▲
Recurring financial charges65€254€475▲
Profit (loss) for the period before taxes9903€271k€582k▲
Income taxes67/77€87k€181k▲
Profit (loss) for the period9904€184k€401k▲
Profit (loss) for the period to be appropriated9905€184k€401k▲
Appropriation of the result
Profit (loss) to be appropriated9906€184k€401k▲
Profit (loss) brought forward from the previous period14P€330€431▲
Transfer from equity791/2-€46k
Transfer to equity691/2€184k€401k▲
To other reserves6921€184k€401k▲
Profit to be distributed694/7-€46k
Return on contributions (dividend)694-€46k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €401k ▲118%
Operating result €573k, net result €401k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €565k ▲48.3%
6 profitable years in a row build equity to €565k.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Equity above €200kEq €254k ▲34%
4 profitable years in a row build equity to €254k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €190k ▲76.8%
3 profitable years in a row build equity to €190k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €107k ▲42%
2 profitable years in a row build equity to €107k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
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, Kalmthout · 1 establishment unit since 2008
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.
Putsesteenweg (C) 322920 KalmthoutGround area
2,304 m²
Parcel 11022G0892/00E020, Flanders. Linked by address, not a title deed.
1 establishment unit
Putsesteenweg (C) 32, 2920 Kalmthout
since 20082.168.187.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022G0892/00E020 | Flanders | 2,304 m² | - | - |
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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 12,883 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2008
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
01130Growing of vegetables, melons, roots and tubers
70200Business and other management consultancy
70220Business consulting
82920Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.