Sipedic
ActiveSummary
Sipedic has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9.2m) and a net result of -€559,371. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 490.2% of total assets), and equity is negative.
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Signals
Six 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 · 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-390.2%
Return on assets
-23.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€9.2m
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
2 d early
2023
21 d late
2022
29 d late
2021
26 d late
2020
44 d early
2019
92 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 16 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Brasschaat, Real estate sector
Equity
-€9.2m▼ 6.5%
2024 · -€8.6m
Total assets
€2.4m▼ 1.2%
2024 · €2.4m
Net result
-€559,371▲ 16.7%
2024 · -€671,304
Working capital
-€11.6m▼ 4.8%
2024 · -€11.0m
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-€191,803▼ 4.7%-€358,732▼ 87.0%-€251,156▲ 30.0%-€276,154▼ 10.0%-€172,326▲ 37.6%
Net result-€466,932▼ 3.5%-€656,337▼ 40.6%-€631,842▲ 3.7%-€671,304▼ 6.2%-€559,371▲ 16.7%
Equity-€6.7m▼ 7.5%-€7.3m▼ 9.8%-€8.0m▼ 8.6%-€8.6m▼ 8.4%-€9.2m▼ 6.5%
Total assets€2.5m▼ 1.3%€2.5m▼ 1.3%€2.4m▼ 1.3%€2.4m▼ 1.3%€2.4m▼ 1.2%
Debt€9.2m▲ 5.0%€9.8m▲ 6.8%€10.4m▲ 6.1%€11.0m▲ 6.2%€11.6m▲ 4.8%
Working capital-€9.2m▼ 5.0%-€9.8m▼ 6.8%-€10.4m▼ 6.1%-€11.0m▼ 6.2%-€11.6m▼ 4.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €172,326 in 2025 against €276,154 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.4m ▼ 1.4%
Current assets
€3,723 ▲ 516%
Key figures and ratios
EBITDA
-€140,100▲
2024 · -€243,928
Cash flow
-€527,145▲
2024 · -€639,078
Solvency
-390.2%▼
2024 · -362.0%
Current ratio
0.00▲
2024 · 0.00
Debt to equity
-1.26▲
2024 · -1.28
ROA
-23.7%▲
2024 · -28.1%
Interest coverage
-0.36▲
2024 · -0.62
Debt ≤ 1 year
€11.6m▲
2024 · €11.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,226 | €32,226 | €32,226 | €32,226 | €32,226 | = |
| Other operating charges640/8 | €14,672 | €14,989 | €15,730 | €16,101 | €16,077 | ▼ 0.2% |
| Gross operating margin9900 | -€144,905 | -€311,516 | -€203,200 | -€227,827 | -€124,023 | ▲ 45.6% |
| Operating profit (loss)9901 | -€191,803 | -€358,732 | -€251,156 | -€276,154 | -€172,326 | ▲ 37.6% |
| Financial income75/76B | €7 | €10 | €26 | €28 | €21 | ▼ 24.0% |
| Recurring financial income75 | €7 | €10 | €26 | €28 | €21 | ▼ 24.0% |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | €275,135 | €297,615 | €380,712 | €395,178 | €387,067 | ▼ 2.1% |
| Recurring financial charges65 | €275,135 | €297,615 | €380,712 | €395,178 | €387,067 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | -€466,932 | -€656,337 | -€631,842 | -€671,304 | -€559,371 | ▲ 16.7% |
| Profit (loss) for the period9904 | -€466,932 | -€656,337 | -€631,842 | -€671,304 | -€559,371 | ▲ 16.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €31,903 | €31,903 | = |
| Profit (loss) for the period to be appropriated9905 | -€466,932 | -€656,337 | -€631,842 | -€639,401 | -€527,468 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.5m | €2.4m | €2.4m | €2.4m | ▼ 1.2% |
| Fixed assets21/28 | €2.5m | €2.5m | €2.4m | €2.4m | €2.4m | ▼ 1.4% |
| Tangible fixed assets22/27 | €2.5m | €2.5m | €2.4m | €2.4m | €2.4m | ▼ 1.4% |
| Land and buildings22 | €2.5m | €2.5m | €2.4m | €2.4m | €2.4m | ▼ 1.4% |
| Current assets29/58 | €1,202 | €551 | €577 | €605 | €3,723 | ▲ 516% |
| Amounts receivable within one year40/41 | €541 | €551 | €577 | €605 | €3,723 | ▲ 516% |
| Other amounts receivable41 | €541 | €551 | €577 | €605 | €3,723 | ▲ 516% |
| Deferred charges and accrued income490/1 | €661 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.4m | €2.4m | €2.4m | ▼ 1.2% |
| Equity10/15 | -€6.7m | -€7.3m | -€8.0m | -€8.6m | -€9.2m | ▼ 6.5% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Revaluation surpluses12 | €2.4m | €2.3m | €2.3m | €2.3m | €2.2m | ▼ 1.4% |
| Reserves13 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Profit (loss) carried forward14 | -€9.1m | -€9.8m | -€10.4m | -€11.0m | -€11.5m | ▼ 4.8% |
| Amounts payable17/49 | €9.2m | €9.8m | €10.4m | €11.0m | €11.6m | ▲ 4.8% |
| Amounts payable within one year42/48 | €9.2m | €9.8m | €10.4m | €11.0m | €11.6m | ▲ 4.8% |
| Trade debts44 | €126,096 | €169,119 | €150,403 | €133,884 | €118,777 | ▼ 11.3% |
| Suppliers440/4 | €126,096 | €169,119 | €150,403 | €133,884 | €118,777 | ▼ 11.3% |
| Taxes, remuneration and social security45 | €16,454 | €18,814 | €19,913 | €22,210 | €24,506 | ▲ 10.3% |
| Taxes450/3 | €16,454 | €18,814 | €19,913 | €22,210 | €24,506 | ▲ 10.3% |
| Other amounts payable47/48 | €9.0m | €9.6m | €10.2m | €10.9m | €11.4m | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€466,932 | -€656,337 | -€631,842 | -€671,304 | -€559,371 | ▲ 16.7% |
| + Depreciation and write-downs630 | €32,226 | €32,226 | €32,226 | €32,226 | €32,226 | = |
| Operating cash flow (approximation) | -€434,705 | -€624,111 | -€599,616 | -€639,078 | -€527,145 | ▲ 17.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€671,304
Net result drops to -€671,304, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Brasschaat · 1 establishment unit since 1970
Ground area
812 m²
Building footprint
812 m²
Volume, LiDAR
6,400 m³
Parcel 11322E0411/00E000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Bredabaan 44, 2930 Brasschaat
since 19702.004.560.428
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0411/00E000 | Flanders | 812 m² | 1 · 812 m² | 13.6 m · 3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-06-1970
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0407194518
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.