SIFEC
InactiveSIFEC was declared bankrupt on 21-11-2022 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 01-04-2025, published in the Belgian State Gazette on 02-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 08-11-2022, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
84 d early
2021
281 d late
2020
380 d late
2019
48 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 132 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€640,479▼ 5.7%
2021 · -€606,079
Total assets
€9,090▼ 78.9%
2021 · €43,165
Net result
-€34,399▲ 54.1%
2021 · -€74,907
Working capital
-€640,529▼ 5.7%
2021 · -€606,129
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result-€19,643--€211,853▼ 979%-€84,287▲ 60.2%-€6,186▲ 92.7%
Net result€16,256--€174,068-€74,907▲ 57.0%-€34,399▲ 54.1%
Equity-€309,846--€521,721▼ 68.4%-€606,079▼ 16.2%-€640,479▼ 5.7%
Total assets€274,350-€86,729▼ 68.4%€43,165▼ 50.2%€9,090▼ 78.9%
Debt€584,196-€608,450▲ 4.2%€649,244▲ 6.7%€649,568=
Working capital-€536,995--€567,201▼ 5.6%-€606,129▼ 6.9%-€640,529▼ 5.7%
Staff (FTE)1-0.9▼ 10.0%1▲ 11.1%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,186 in 2022 against €84,287 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €9,090
Fixed assets
€50 =
Current assets
€9,040 ▼ 79.0%
Key figures and ratios
Current ratio
0.01▼
2021 · 0.07
Debt to equity
-1.01▲
2021 · -1.07
ROA
-378.4%▼
2021 · -173.5%
Debt ≤ 1 year
€649,568=
2021 · €649,244
Staff costs
€1,091▲
2021 · €435
A ratio outside any meaningful range has been withheld (balance sheet total €9,090, equity -€640,479).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €435 | €1,091 | ▲ 151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €181,720 | €181,720 | €45,430 | - | - |
| Other operating charges640/8 | - | - | €448 | €1,033 | ▲ 131% |
| Gross operating margin9900 | €255,580 | -€21,969 | -€37,974 | -€4,063 | ▲ 89.3% |
| Operating profit (loss)9901 | -€19,643 | -€211,853 | -€84,287 | -€6,186 | ▲ 92.7% |
| Financial income75/76B | - | - | €9,452 | - | - |
| Recurring financial income75 | €37,808 | €37,807 | €9,452 | - | - |
| Financial charges65/66B | - | - | €72 | €28,214 | ▲ 39,075% |
| Recurring financial charges65 | €1,909 | €22 | €72 | €28,214 | ▲ 39,075% |
| Non-recurring financial charges66B | - | - | - | €28,214 | - |
| Profit (loss) for the period before taxes9903 | €16,256 | -€174,068 | -€74,907 | -€34,399 | ▲ 54.1% |
| Profit (loss) for the period9904 | €16,256 | -€174,068 | -€74,907 | -€34,399 | ▲ 54.1% |
| Profit (loss) for the period to be appropriated9905 | €16,256 | -€174,068 | -€74,907 | -€34,399 | ▲ 54.1% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €274,350 | €86,729 | €43,165 | €9,090 | ▼ 78.9% |
| Fixed assets21/28 | €227,150 | €45,480 | €50 | €50 | = |
| Intangible fixed assets21 | €227,150 | €45,430 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0 | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | €0 | €0 | - |
| Financial fixed assets28 | - | €50 | €50 | €50 | = |
| Current assets29/58 | €47,200 | €41,249 | €43,115 | €9,040 | ▼ 79.0% |
| Stocks and contracts in progress3 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €8,567 | €4,190 | €5,234 | €4,719 | ▼ 9.8% |
| Trade receivables40 | - | - | €0 | - | - |
| Other amounts receivable41 | - | - | €5,234 | €4,719 | ▼ 9.8% |
| Cash at bank and in hand54/58 | €4,419 | €804 | €4,257 | €4,321 | ▲ 1.5% |
| Deferred charges and accrued income490/1 | - | - | €33,624 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €274,350 | €86,729 | €43,165 | €9,090 | ▼ 78.9% |
| Equity10/15 | -€309,846 | -€521,721 | -€606,079 | -€640,479 | ▼ 5.7% |
| Contributions10/11 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Capital10 | - | - | €450,000 | €450,000 | = |
| Issued capital100 | - | - | €450,000 | €450,000 | = |
| Reserves13 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Non-distributable reserves130/1 | - | - | €45,000 | €45,000 | = |
| Legal reserve130 | - | - | €45,000 | €45,000 | = |
| Profit (loss) carried forward14 | -€852,105 | -€1.0m | -€1.1m | -€1.1m | ▼ 3.1% |
| Investment grants15 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €584,196 | €608,450 | €649,244 | €649,568 | = |
| Amounts payable within one year42/48 | €584,196 | €608,450 | €649,244 | €649,568 | = |
| Trade debts44 | €19,001 | €3,686 | €524 | €181 | ▼ 65.4% |
| Suppliers440/4 | - | - | €524 | €181 | ▼ 65.4% |
| Taxes, remuneration and social security45 | - | - | €997 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €0 | - | - |
| Remuneration and social security454/9 | - | - | €997 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €647,723 | €649,387 | ▲ 0.3% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,256 | -€174,068 | -€74,907 | -€34,399 | ▲ 54.1% |
| + Depreciation and write-downs630 | €181,720 | €181,720 | €45,430 | - | - |
| Operating cash flow (approximation) | €197,976 | €7,652 | -€29,477 | -€34,399 | ▼ 16.7% |
| Investment in fixed assets (approximation) | - | -€50 | €0 | €0 | - |
| Change in cash | - | -€3,614 | €3,453 | €64 | ▼ 98.2% |
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
02-05
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 01-04-2025
2022
25-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 21-11-2022
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 281 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 380 days late
2020
30-06
Financial
Weakest financial yearnet -€174,068
Net result drops to -€174,068, the lowest in the series.
2019
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
19-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
2015
28-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2013
17-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FLORIAN ERNOTTE AVENUE CONSTANTIN DE
GERLACHE 41, 4000 LIEGE 1 |
21-11-2022 → 01-04-2025 |