Sijo
ActiveThe file of Sijo contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.9% (low). The 2025 annual accounts show equity of €123,906 and a net result of €5,732. Equity is growing by ~11.3% per year across the filed fiscal years.
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-26
Solvency95▼-5
Growth78=
Track record85
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.03 against 4.02 in 2024; short-term debt: 29.7% and cash: 65.2% of total assets), and 29.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
70.3%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
61 d late
2023
7 d early
2022
53 d late
2021
278 d late
2020
305 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 117 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 (2)
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. Usually files around 22 September (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€123,906▼ 11.1%
2024 · €139,406
Total assets
€176,365▼ 0.8%
2024 · €177,817
Net result
€5,732▼ 56.3%
2024 · €13,114
Working capital
€106,273▼ 8.4%
2024 · €116,030
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
Line20212022202320242025
Operating result€39,088▲ 11.4%€42,616▲ 9.0%€29,149▼ 31.6%€23,692▼ 18.7%€18,635▼ 21.3%
Net result€23,241▲ 9.5%€27,497▲ 18.3%€18,186▼ 33.9%€13,114▼ 27.9%€5,732▼ 56.3%
Equity€101,623▲ 8.1%€116,135▲ 14.3%€134,320▲ 15.7%€139,406▲ 3.8%€123,906▼ 11.1%
Total assets€139,083▲ 32.6%€153,696▲ 10.5%€176,741▲ 15.0%€177,817▲ 0.6%€176,365▼ 0.8%
Debt€37,459▲ 244%€37,561▲ 0.3%€42,421▲ 12.9%€38,411▼ 9.5%€52,459▲ 36.6%
Working capital€97,140▲ 11.3%€113,635▲ 17.0%€133,556▲ 17.5%€116,030▼ 13.1%€106,273▼ 8.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176,365
Fixed assets
€17,633 ▼ 24.6%
Current assets
€158,731 ▲ 2.8%
Equity and liabilities €176,365
Equity
€123,906 ▼ 11.1%
Debt
€52,459 ▲ 36.6%
Debt's share of the balance-sheet total rises from 21.6% to 29.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,378▼
2024 · €27,280
Cash flow
€11,475▼
2024 · €16,702
Current ratio
3.03▼
2024 · 4.02
Debt to equity
0.42▲
2024 · 0.28
ROE
4.6%▼
2024 · 9.4%
ROA
3.2%▼
2024 · 7.4%
Interest coverage
3.48▼
2024 · 43.43
Debt ≤ 1 year
€52,459▲
2024 · €38,411
Income taxes
€5,903▼
2024 · €9,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | -€253 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,236 | €1,983 | €1,786 | €3,588 | €5,743 | ▲ 60.1% |
| Other operating charges640/8 | - | - | €62 | - | €62 | - |
| Gross operating margin9900 | €41,324 | €44,600 | €30,744 | €27,280 | €24,440 | ▼ 10.4% |
| Operating profit (loss)9901 | €39,088 | €42,616 | €29,149 | €23,692 | €18,635 | ▼ 21.3% |
| Financial income75/76B | €0 | - | €5 | €10 | €0 | ▼ 99.9% |
| Recurring financial income75 | €0 | - | €5 | €10 | €0 | ▼ 99.9% |
| Financial charges65/66B | €181 | €367 | €777 | €628 | €7,001 | ▲ 1,014% |
| Recurring financial charges65 | €181 | €367 | €777 | €628 | €7,001 | ▲ 1,014% |
| Profit (loss) for the period before taxes9903 | €38,907 | €42,250 | €28,377 | €23,073 | €11,634 | ▼ 49.6% |
| Income taxes67/77 | €15,665 | €14,753 | €10,191 | €9,959 | €5,903 | ▼ 40.7% |
| Profit (loss) for the period9904 | €23,241 | €27,497 | €18,186 | €13,114 | €5,732 | ▼ 56.3% |
| Profit (loss) for the period to be appropriated9905 | €23,241 | €27,497 | €18,186 | €13,114 | €5,732 | ▼ 56.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,083 | €153,696 | €176,741 | €177,817 | €176,365 | ▼ 0.8% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €4,483 | €2,500 | €764 | €23,376 | €17,633 | ▼ 24.6% |
| Intangible fixed assets21 | €4,286 | €2,500 | €714 | €357 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €197 | - | - | €22,969 | €17,583 | ▼ 23.4% |
| Plant, machinery and equipment23 | €197 | - | - | €1,800 | €1,294 | ▼ 28.1% |
| Furniture and vehicles24 | - | - | - | €21,169 | €16,289 | ▼ 23.1% |
| Financial fixed assets28 | - | - | €50 | €50 | €50 | = |
| Current assets29/58 | €134,600 | €151,196 | €175,976 | €154,441 | €158,731 | ▲ 2.8% |
| Amounts receivable within one year40/41 | €61,337 | €39,470 | €48,482 | €41,293 | €43,784 | ▲ 6.0% |
| Trade receivables40 | €20,948 | €21,191 | €28,095 | €19,589 | €14,353 | ▼ 26.7% |
| Other amounts receivable41 | €40,389 | €18,279 | €20,387 | €21,704 | €29,431 | ▲ 35.6% |
| Cash at bank and in hand54/58 | €73,262 | €111,726 | €946 | €113,148 | €114,948 | ▲ 1.6% |
| Deferred charges and accrued income490/1 | - | - | €126,548 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,083 | €153,696 | €176,741 | €177,817 | €176,365 | ▼ 0.8% |
| Equity10/15 | €101,623 | €116,135 | €134,320 | €139,406 | €123,906 | ▼ 11.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €95,423 | €109,935 | €128,120 | €133,206 | €117,706 | ▼ 11.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €93,563 | €108,075 | €126,260 | €131,346 | €115,846 | ▼ 11.8% |
| Amounts payable17/49 | €37,459 | €37,561 | €42,421 | €38,411 | €52,459 | ▲ 36.6% |
| Amounts payable within one year42/48 | €37,459 | €37,561 | €42,421 | €38,411 | €52,459 | ▲ 36.6% |
| Trade debts44 | €479 | - | - | €616 | - | - |
| Suppliers440/4 | €479 | - | - | €616 | - | - |
| Taxes, remuneration and social security45 | €22,158 | €37,561 | €42,421 | €37,795 | €32,288 | ▼ 14.6% |
| Taxes450/3 | €22,158 | €37,561 | €40,443 | €35,541 | €31,737 | ▼ 10.7% |
| Remuneration and social security454/9 | - | - | €1,977 | €2,254 | €552 | ▼ 75.5% |
| Other amounts payable47/48 | €14,822 | - | - | - | €20,171 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,241 | €27,497 | €18,186 | €13,114 | €5,732 | ▼ 56.3% |
| + Depreciation and write-downs630 | €2,236 | €1,983 | €1,786 | €3,588 | €5,743 | ▲ 60.1% |
| Operating cash flow (approximation) | €25,478 | €29,480 | €19,971 | €16,702 | €11,475 | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | €0 | -€50 | -€26,200 | €0 | ▲ 100% |
| Change in cash | - | €38,463 | -€110,780 | €112,203 | €1,799 | ▼ 98.4% |
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
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
10-01
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 04-01-2024
2023
29-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 23-11-2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 278 days late
2022
31-12
Financial
Highest result since 2018net €27,497 ▲18.3%
Operating result €42,616, net result €27,497, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 305 days late
2021
31-12
Financial
Equity above €100,000Eq €101,623 ▲8.1%
4 profitable years in a row build equity to €101,623.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 12.79
Current ratio from 6.19 to 12.79; short-term debt falls from €11,559 to €5,462.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Hasselt · 1 establishment unit since 2010
Ground area
249 m²
Building footprint
71 m²
Volume, LiDAR
456 m³
Parcel 71483E0129/00N006, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sijo
since 20102.186.598.546
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483E0129/00N006 | Flanders | 249 m² | 1 · 71 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER GIELEN Van Dijcklaan 15, 3500 HASSELT- |
23-11-2023 → 04-01-2024 |
| Curator | FREDERIKA VAN SWYGENHOVEN VAN DIJCK-
LAAN 15, 3500 HASSELT |
23-11-2023 → 04-01-2024 |
| Curator | DOMINIC
GIELEN VAN DIJCKLAAN 15, 3500 HASSELT- |
23-11-2023 → 04-01-2024 |
Identification & contact
Identification
Legal formPrivate limited company
Founded03-03-2010
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.