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SIOEN

Active
Public limited companyfounded 2002active for 23 yearsFabriekstraat 23, 8850 Ardooie, BelgiumKBO/BCE: BE 0478.652.141
Summary

SIOEN has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48.9m and a net result of €14.6m. Equity is growing by about 6.1% per year across the filed financial years. Its solvency ranks better than 34% of 50 sector peers (NACE 14, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of outerwear
NACE 14210Manufacture of wearing apparel NACE 14230
Largest company by total assets in West Flanders, Clothing sector2 sites
Size
€215.2mturnover 2025
Staff
175 FTE
Equity
€48.9m
Profit
€14.6m
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
SIOEN INDUSTRIES · 100%
Board
5 members
Holdings
10
Auditor: DELOITTE Bedrijfsrevisoren BVAccounts 60 days early3 of 20 deeds read
Why 91raises riskLiquidity: current ratio 1.38, cash €1.9m, halvedlowers riskSize: turnover €215.2m, 175 FTE, total assets €134.1mLegal form: public limited companyFigures for financial year 2025 (filed 03-06-2026)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 52% of its sector peers (all companies)
Financial strength · tick = 2024
Average
Solvency 61-2
equity 36.5% of total assets
Liquidity 26-6
short-term debt 50.6% · cash 1.4%
Profitability 77+5
return on assets 10.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (10 companies, NACE 14, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025highest value 06-2025: 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €4,400,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.38, compared with 1.44 in 2024, below the usual 1.5; short-term debt: 50.6% and cash: 1.4% of total assets), and 63.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 52% on solvency, 22% on liquidity, 78% on profitability and 58% on growth.

The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.38, cash €1.9m, halved
NBB · annual accounts
lowers risk · Size: turnover €215.2m, 175 FTE, total assets €134.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
lowers risk · Figures for financial year 2025 (filed 03-06-2026)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
60 days early
2024
66 days early
2023
64 days early
2022
62 days early
2021
68 days early
2020
61 days early
2019
43 days early
← 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 61 days before the deadline; the sector median (NACE 14) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Deloitte Bedrijfsrevisoren BV, Michèle Sioen…Appointment: Michèle Sioen (managing director)
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Largest company by total assets in West Flanders, Clothing sectorin the Checked rankings No. 1 View
  • Controlled by SIOEN INDUSTRIESultimately: SICORP 100% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €14.6m 8 years View
  • New directorlatest change 10-06-2026 · 5 in office 1 joined View

By topic

Financials

Financial year
2025
Turnover
€215.2m
Profit
€14.6m
Solvency
36.5%
Turnover▲ 13.2%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Parent
SIOEN INDUSTRIES · 100%
Auditor
DELOITTE Bedrijfsrevisoren BV
  • Bart VervaeckeDirector
  • Daniëlle SioenDirector
  • Jean-Charles JorisDirector
  • Michèle SioenManaging director
  • Pascale SioenDirector
Go to Board & ownership

Timeline

Events
31
Since
2004
Next accounts
by 31-07-2027
  1. 17-01-2025Capital & shares · Amendment of the…
  2. 31-12-2024Highest result from 2018 to 2025
  3. 31-12-2024Equity above €25m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of outerwearNACE 14210
Founded
25-10-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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