SIKEM
ActiveSummary
SIKEM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €261,481 and a net result of €39,299. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 62% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+20
Solvency80▲+15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.7 in 2023; short-term debt: 40.5% and cash: 12.8% of total assets), and 45% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
40 d early
2022
35 d early
2021
37 d early
2020
37 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 2024, abbreviated schema
Equity
€261,481▲ 17.7%
2023 · €222,182
Total assets
€475,091▼ 14.6%
2023 · €556,156
Net result
€39,299▲ 96.5%
2023 · €20,003
Working capital
€220,045▲ 5.6%
2023 · €208,413
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
Line20202021202220232024
Operating result-€14,109€65,100€76,860▲ 18.1%€41,587▼ 45.9%€75,041▲ 80.4%
Net result-€21,253€40,678€49,782▲ 22.4%€20,003▼ 59.8%€39,299▲ 96.5%
Equity€183,719▼ 10.4%€224,397▲ 22.1%€274,179▲ 22.2%€222,182▼ 19.0%€261,481▲ 17.7%
Total assets€438,187▼ 8.3%€413,929▼ 5.5%€471,432▲ 13.9%€556,156▲ 18.0%€475,091▼ 14.6%
Debt€254,469▼ 6.7%€189,532▼ 25.5%€197,253▲ 4.1%€333,975▲ 69.3%€213,610▼ 36.0%
Working capital€185,576▼ 6.9%€230,333▲ 24.1%€280,787▲ 21.9%€208,413▼ 25.8%€220,045▲ 5.6%
Staff (FTE)0.7=0.7=0.4▼ 42.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 80% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €475,091
Fixed assets
€62,518 ▲ 21.5%
Current assets
€412,573 ▼ 18.3%
Equity and liabilities €475,091
Equity
€261,481 ▲ 17.7%
Debt
€213,610 ▼ 36.0%
Debt's share of the balance-sheet total falls from 60.1% to 45.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,973▲
2023 · €47,619
Cash flow
€53,231▲
2023 · €26,035
Current ratio
2.14▲
2023 · 1.70
Quick ratio
1.61▲
2023 · 1.35
Debt to equity
0.82▼
2023 · 1.50
ROE
15.0%▲
2023 · 9.0%
ROA
8.3%▲
2023 · 3.6%
Interest coverage
6.42▲
2023 · 4.34
Debt ≤ 1 year
€192,528▼
2023 · €296,294
Debt > 1 year
€10,364▼
2023 · €27,581
Income taxes
€21,884▲
2023 · €10,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,690 | €1,897 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,211 | €5,725 | €554 | €6,032 | €13,931 | ▲ 131% |
| Other operating charges640/8 | - | €6,705 | €4,033 | €5,529 | €2,001 | ▼ 63.8% |
| Gross operating margin9900 | €26,322 | €84,220 | €83,344 | €53,147 | €90,974 | ▲ 71.2% |
| Operating profit (loss)9901 | -€14,109 | €65,100 | €76,860 | €41,587 | €75,041 | ▲ 80.4% |
| Financial income75/76B | - | €0 | €118 | €2 | €5 | ▲ 151% |
| Recurring financial income75 | €255 | €0 | €118 | €2 | €5 | ▲ 151% |
| Financial charges65/66B | - | €7,414 | €7,327 | €10,961 | €13,863 | ▲ 26.5% |
| Recurring financial charges65 | €7,106 | €7,414 | €7,327 | €10,961 | €13,863 | ▲ 26.5% |
| Profit (loss) for the period before taxes9903 | -€20,960 | €57,686 | €69,650 | €30,628 | €61,183 | ▲ 99.8% |
| Income taxes67/77 | €293 | €17,008 | €19,868 | €10,625 | €21,884 | ▲ 106% |
| Profit (loss) for the period9904 | -€21,253 | €40,678 | €49,782 | €20,003 | €39,299 | ▲ 96.5% |
| Profit (loss) for the period to be appropriated9905 | -€21,253 | €40,678 | €49,782 | €20,003 | €39,299 | ▲ 96.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438,187 | €413,929 | €471,432 | €556,156 | €475,091 | ▼ 14.6% |
| Fixed assets21/28 | €7,597 | €1,872 | €1,318 | €51,449 | €62,518 | ▲ 21.5% |
| Tangible fixed assets22/27 | €7,388 | €1,662 | €1,108 | €51,239 | €62,308 | ▲ 21.6% |
| Land and buildings22 | - | €1,662 | €1,108 | €554 | - | - |
| Furniture and vehicles24 | - | - | - | €50,685 | €62,308 | ▲ 22.9% |
| Financial fixed assets28 | €210 | €210 | €210 | €210 | €210 | = |
| Current assets29/58 | €430,590 | €412,057 | €470,114 | €504,707 | €412,573 | ▼ 18.3% |
| Stocks and contracts in progress3 | €169,600 | €162,650 | €167,925 | €105,690 | €102,520 | ▼ 3.0% |
| Stocks30/36 | - | €162,650 | €167,925 | €105,690 | €102,520 | ▼ 3.0% |
| Amounts receivable within one year40/41 | €150,900 | €186,345 | €124,426 | €171,745 | €235,074 | ▲ 36.9% |
| Trade receivables40 | - | €177,175 | €122,790 | €162,767 | €233,610 | ▲ 43.5% |
| Other amounts receivable41 | - | €9,170 | €1,636 | €8,977 | €1,464 | ▼ 83.7% |
| Cash at bank and in hand54/58 | €87,083 | €50,925 | €157,667 | €208,673 | €60,861 | ▼ 70.8% |
| Deferred charges and accrued income490/1 | - | €12,137 | €20,096 | €18,600 | €14,118 | ▼ 24.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438,187 | €413,929 | €471,432 | €556,156 | €475,091 | ▼ 14.6% |
| Equity10/15 | €183,719 | €224,397 | €274,179 | €222,182 | €261,481 | ▲ 17.7% |
| Contributions10/11 | - | €90,600 | €90,600 | €18,600 | €18,600 | = |
| Reserves13 | €93,119 | €133,797 | €183,579 | €202,579 | €239,579 | ▲ 18.3% |
| Non-distributable reserves130/1 | - | €6,576 | €9,060 | - | - | - |
| Reserves not available under the articles1311 | - | €6,576 | €9,060 | - | - | - |
| Distributable reserves133 | - | €127,221 | €174,519 | €202,579 | €239,579 | ▲ 18.3% |
| Profit (loss) carried forward14 | - | - | - | €1,003 | €3,302 | ▲ 229% |
| Amounts payable17/49 | €254,469 | €189,532 | €197,253 | €333,975 | €213,610 | ▼ 36.0% |
| Amounts payable after more than one year17 | €979 | - | - | €27,581 | €10,364 | ▼ 62.4% |
| Financial debts170/4 | - | - | - | €27,581 | €10,364 | ▼ 62.4% |
| Amounts payable within one year42/48 | €245,014 | €181,724 | €189,327 | €296,294 | €192,528 | ▼ 35.0% |
| Current portion of amounts payable after more than one year42 | - | €979 | - | €16,544 | €17,216 | ▲ 4.1% |
| Financial debts43 | - | - | - | - | €3,152 | - |
| Credit institutions430/8 | - | - | - | - | €3,152 | - |
| Trade debts44 | €85,851 | €36,982 | €39,264 | €60,490 | €40,386 | ▼ 33.2% |
| Suppliers440/4 | - | €36,982 | €39,264 | €60,490 | €40,386 | ▼ 33.2% |
| Taxes, remuneration and social security45 | - | €10,965 | €14,042 | €12,045 | €17,069 | ▲ 41.7% |
| Taxes450/3 | - | €9,132 | €13,525 | €12,045 | €17,069 | ▲ 41.7% |
| Remuneration and social security454/9 | - | €1,834 | €517 | - | - | - |
| Other amounts payable47/48 | - | €132,798 | €136,021 | €207,214 | €114,706 | ▼ 44.6% |
| Accrued charges and deferred income492/3 | - | €7,807 | €7,926 | €10,100 | €10,718 | ▲ 6.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,253 | €40,678 | €49,782 | €20,003 | €39,299 | ▲ 96.5% |
| + Depreciation and write-downs630 | €9,211 | €5,725 | €554 | €6,032 | €13,931 | ▲ 131% |
| Operating cash flow (approximation) | -€12,042 | €46,404 | €50,336 | €26,035 | €53,231 | ▲ 104% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€56,163 | -€25,000 | ▲ 55.5% |
| Change in cash | - | -€36,158 | €106,742 | €51,006 | -€147,812 | ▼ 390% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €49,782 ▲22.4%
Operating result €76,860, net result €49,782, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €40,678
Net result €40,678 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €224,397 ▲22.1%
Equity rises from €183,719 to €224,397.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€21,253
Net result drops to -€21,253, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €204,972 ▲5.2%
2 profitable years in a row build equity to €204,972.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
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.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Heuvelland · 2 establishment units since 1990
Ground area
3.3 ha
Building footprint
787 m²
Volume, LiDAR
4,184 m³
2 parcels, Flanders · tallest building 18.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SIKEM BVBA
since 19902.047.736.415
SIKEM
since 20242.386.111.116
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33012C0027/00Y000 | Flanders | 3.2 ha | 1 · 580 m² | 8.8 m · 2 fl. |
| 33012C0770/02L000 | Flanders | 472 m² | 1 · 207 m² | 18.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHeuvelland2.047.736.415
Heuvelland2.386.111.116
Similar companies · same sector, comparable size
Hugo DUMONT
BE 0463.409.679
Ciney · Eq €260,033
M. PATTYN - RUBRECHT
BE 0421.556.060
Poperinge · Eq €263,203
Snels L.E.B.
BE 0465.139.645
Beerse · Eq €256,976
KESSLER
BE 0446.310.559
Büllingen · Eq €266,740
PIRARD BOVINS
BE 0882.195.105
Sprimont · Eq €267,043
Of 943 companies in sector 46231 we hold annual accounts for 421. 352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-03-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440029216
Also
9925:BE0440029216
Registered
06-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.