SIFIC
ActiveSIFIC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.11M and a net result of €-410k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 80% of 4489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33=
Solvency100=
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 70.47 against 11.75 in 2024), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · 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
80.4%
Return on assets
-8%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€410k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
65 d early
2023
76 d early
2022
60 d early
2021
51 d early
2020
65 d early
2019
122 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€116k▲ 28.8%
2024 · €90k
2022: €14k
2023: €34k
2024: €90k
2022 → 2025
EBIT margin
16.2%▲ 16.6pp
2024 · -0.4%
2022: -227.5%
2023: -50.3%
2024: -0.4%
2022 → 2025
Net result
€-410k▼ 1,431%
2024 · €-27k
2018: €-143k
2019: €992k
2020: €-7k
2021: €-23k
2022: €-30k
2023: €-20k
2024: €-27k
2018 → 2025
Working capital
€1.95M▲ 1,031%
2024 · €172k
2018: €261k
2019: €156k
2020: €185k
2021: €-181k
2022: €-162k
2023: €-84k
2024: €172k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14k€34k▲ 151%€90k▲ 164%€116k▲ 28.8%
Equity€4.60M-€4.57M▼ 0.7%€4.55M▼ 0.4%€4.52M▼ 0.6%€4.11M▼ 9.1%
Operating result€-26k-€-31k▼ 21.2%€-17k▲ 44.5%€-323▲ 98.1%€19k
Net result€-23k-€-30k▼ 33.4%€-20k▲ 32.2%€-27k▼ 31.4%€-410k▼ 1,431%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €323 in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.12M
Fixed assets
€3.14M▼ 50.6%
Current assets
€1.97M▲ 949%
Equity and liabilities €5.12M
Equity
€4.11M▼ 9.1%
Provisions
€527k▼ 3.2%
Debt
€476k▼ 67.8%
The debt ratio falls from 22.6% to 9.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€105k▲
2024 · €73k
Cash flow
€-324k▼
2024 · €47k
Solvency
80.4%▲
2024 · 69.1%
Current ratio
70.47▲
2024 · 11.75
Quick ratio
70.47▲
2024 · 11.75
Debt / equity
0.12▼
2024 · 0.33
ROE
-10.0%▼
2024 · -0.6%
ROA
-8.0%▼
2024 · -0.4%
Interest coverage
4.37▲
2024 · 1.77
Debt
€476k▼
2024 · €1.48M
Debt ≤ 1 year
€28k▲
2024 · €16k
Debt > 1 year
€272k▼
2024 · €1.27M
Income taxes
€5k
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€6.54M€5.12M▼
Fixed assets21/28€6.36M€3.14M▼
Tangible fixed assets22/27€1.90M€1.82M▼
Land and buildings22€1.76M€1.68M▼
Plant, machinery and equipment23€20k€14k▼
Other tangible fixed assets26€123k€118k▼
Financial fixed assets28€4.45M€1.33M▼
Current assets29/58€188k€1.97M▲
Amounts receivable after more than one year29€172k€166k▼
Trade receivables290€172k€166k▼
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€5k€10k▲
Other amounts receivable41€1k€3k▲
Current investments50/53-€1.58M
Cash at bank and in hand54/58€10k€216k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€6.54M€5.12M▼
Equity10/15€4.52M€4.11M▼
Contributions10/11€3.30M€3.30M=
Capital10€3.30M€3.30M=
Issued capital100€3.30M€3.30M=
Reserves13€1.29M€1.23M▼
Non-distributable reserves130/1€330k€330k=
Legal reserve130€330k€330k=
Tax-exempt reserves132€957k€905k▼
Profit (loss) carried forward14€-62k€-420k▼
Provisions and deferred taxes16€544k€527k▼
Provisions for liabilities and charges160/5€230k€230k=
Major repairs and maintenance162€230k€230k=
Deferred taxes168€314k€297k▼
Amounts payable17/49€1.48M€476k▼
Amounts payable after more than one year17€1.27M€272k▼
Financial debts170/4€1.26M€260k▼
Other amounts payable178/9€12k€12k=
Amounts payable within one year42/48€16k€28k▲
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€644€7k▲
Suppliers440/4€644€7k▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48-€700
Accrued charges and deferred income492/3€187k€175k▼
Income statement
Code20242025
Turnover70€90k€116k▲
Goods, raw materials, services and sundry goods60/61€18k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€86k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€80k€110k▲
Operating profit (loss)9901€-323€19k▲
Financial income75/76B-€11k
Recurring financial income75-€11k
Financial charges65/66B€41k€451k▲
Recurring financial charges65€41k€24k▼
Non-recurring financial charges66B-€427k
Profit (loss) for the period before taxes9903€-42k€-422k▼
Transfer from deferred taxes780€15k€17k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-27k€-410k▼
Transfer from tax-exempt reserves789€44k€52k▲
Profit (loss) for the period to be appropriated9905€18k€-358k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€-420k▼
Profit (loss) brought forward from the previous period14P€-79k€-62k▲
The notes to these accounts (18 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-410k
Net result drops to €-410k, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 70.47
Current ratio from 11.75 to 70.47.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 18current ratio 11.75
Current ratio from 0.67 to 11.75; short-term debt falls from €254k to €16k.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Back to profitnet €992k
Net result €992k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Catherine Stillemans
CurrentManaging director · since 15-05-2024
15-05-2024
Appointed as Managing director
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 1989
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.
Marlène Dietrichstraat 21090 JetteGround area
2,403 m²
Building footprint
1,178 m²
Volume, LiDAR
26,424 m³
Parcel 21010A0074/00H003, Brussels · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Marlène Dietrichstraat 2, 1090 Jette
since 19892.044.140.584
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010A0074/00H003 | Brussels | 2,403 m² | 1 · 1,178 m² | 29.4 m · 8 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.
Recognitions · licences · registrations
Legal Entity Identifier
6488W94MBU49Q599ZI51
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TaVas
BE 0469.959.852
Zwevegem · Eq €4.11M
STAR INVEST
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MARAN
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Wevelgem · Eq €4.10M
Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 2,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-04-1989
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.