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SIKA-FEN

Active
Private limited companyfounded 200719 yrs activeRue de Villers 24, 4342 Awans, BelgiumKBO/BCE: BE 0890.100.209
Summary

SIKA-FEN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,368 and a net result of €22,829. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 9497 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SIKA-FENActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Plastering work
NACE 43310NACE 45410
1 site
Size
€530,753turnover 2025
Equity
€130,368
Profit
€22,829
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
MGS PROJETS · 100%
Accounts filed 28 d late0 of 7 deeds read
Why 95- Size: turnover €530,753, total assets €196,968+ Liquidity: current ratio 2.83, cash €112,978+ Equity €130,368 (66.2% of total assets)+ Founded in 2007Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 58% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 91+7
equity 66.2% of total assets
Liquidity 85+5
short-term debt 33.8% · cash 57.4%
Profitability 71-21
return on assets 11.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%▼ -3.5% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▲ +5.2% vs 01-2025 03-2025: 0.2%▲ +9.3% vs 02-2025 04-2025: 0.2%▲ +9.0% vs 03-2025 05-2025: 0.2%▼ -5.3% vs 04-2025 06-2025: 0.2%▼ -3.0% vs 05-2025 07-2025: 0.3%▲ +15.2% vs 06-2025 08-2025: 0.5%▲ +87.2% vs 07-2025highest value 09-2025: 0.1%▼ -89.6% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -4.0% vs 12-2025lowest value 02-2026: < 0.1%▲ +2.1% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%▼ -2.0% vs 04-2026lowest value 06-2026: < 0.1%● 0.0% vs 05-2026lowest value 07-2026: < 0.1%▲ +2.1% vs 06-2026 08-2026: 0.1%▲ +114% vs 07-2026 09-2026: 0.1%▼ -16.2% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 2.83, cash €112,978 lowers the probability
  • Equity €130,368 (66.2% of total assets) lowers the probability
  • Founded in 2007 lowers the probability for this profile
  • Size: turnover €530,753, total assets €196,968 raises the probability for this profile
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.36 in 2024; short-term debt: 33.8% and cash: 57.4% of total assets), and 33.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 72%, liquidity 83%, profitability 39%, growth against the median 37%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 2.83, cash €112,978
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €130,368 (66.2% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2007
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Size: turnover €530,753, total assets €196,968
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings
Deviation from the deadline
2025
28 d late
2024
on the day
2023
29 d late
2022
10 d late
2021
29 d late
2020
26 d late
2019
7 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2018net €74,681 ▲309%

Key points

  • Caution: Result fell in 2025from €74,681 to €22,829 ▼ 69.4% View
  • Positive: 8 profitable years in a rowprofit 2025: €22,829 8 years View
  • Controlled by MGS PROJETS 100% View

By topic

Financials

Fiscal year
2025
Turnover
€530,753
Profit
€22,829
Solvency
66.2%
Turnover▼ 27.2%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 28-08-2026Annual accounts filed
  2. 31-07-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Plastering workNACE 43310
Founded
15-06-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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