SIPIDO
ActiveSummary
SIPIDO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-3k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-20
Solvency49▲+5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.79 in 2024; short-term debt: 75.9% and cash: 20.1% of total assets), and 75.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
24.1%
Return on assets
-4.4%
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 17-09-2026, 48 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
48 d late
2024
81 d late
2023
237 d late
2022
59 d late
2021
61 d late
2020
26 d late
2019
20 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 15.4%
2024 · €20k
2018: €26k
2019: €30k▲ +15.4% vs 2018
2020: €28k▼ -9.2% vs 2019
2021: €37k▲ +34.8% vs 2020highest in 8 years
2022: €34k▼ -9.2% vs 2021
2023: €8k▼ -77.6% vs 2022lowest in 8 years
2024: €20k▲ +166% vs 2023
2025: €17k▼ -15.4% vs 2024
2018 → 2025
Total assets
€71k▼ 34.4%
2024 · €108k
2018: €72k
2019: €67k▼ -6.1% vs 2018
2020: €64k▼ -5.8% vs 2019lowest in 8 years
2021: €193k▲ +204% vs 2020
2022: €199k▲ +3.1% vs 2021highest in 8 years
2023: €99k▼ -50.3% vs 2022
2024: €108k▲ +8.9% vs 2023
2025: €71k▼ -34.4% vs 2024
2018 → 2025
Net result
€-3k
2024 · €13k
2018: €3k
2019: €4k▲ +28.0% vs 2018
2020: €-3k▼ -169% vs 2019
2021: €10k▲ +444% vs 2020
2022: €-3k▼ -136% vs 2021
2023: €-26k▼ -663% vs 2022lowest in 8 years
2024: €13k▲ +148% vs 2023highest in 8 years
2025: €-3k▼ -125% vs 2024
2018 → 2025
Working capital
€-3k▲ 85.9%
2024 · €-18k
2018: €-4k
2019: €8k▲ +294% vs 2018highest in 8 years
2020: €5k▼ -30.3% vs 2019
2021: €-60k▼ -1234% vs 2020lowest in 8 years
2022: €-41k▲ +31.0% vs 2021
2023: €-49k▼ -18.1% vs 2022
2024: €-18k▲ +62.3% vs 2023
2025: €-3k▲ +85.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€34k▼ 9.2%€8k▼ 77.6%€20k▲ 166%€17k▼ 15.4%
2021: €37khighest in 5 years
2022: €34k▼ -9.2% vs 2021
2023: €8k▼ -77.6% vs 2022lowest in 5 years
2024: €20k▲ +166% vs 2023
2025: €17k▼ -15.4% vs 2024
Operating result€11k-€-3k€-25k▼ 875%€13k€-3k
2021: €11k
2022: €-3k▼ -123% vs 2021
2023: €-25k▼ -875% vs 2022lowest in 5 years
2024: €13k▲ +152% vs 2023highest in 5 years
2025: €-3k▼ -119% vs 2024
Net result€10k-€-3k€-26k▼ 663%€13k€-3k
2021: €10k
2022: €-3k▼ -136% vs 2021
2023: €-26k▼ -663% vs 2022lowest in 5 years
2024: €13k▲ +148% vs 2023highest in 5 years
2025: €-3k▼ -125% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €13k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€20k ▼ 49.1%
Current assets
€51k ▼ 26.2%
Equity and liabilities €71k
Equity
€17k ▼ 15.4%
Debt
€54k ▼ 38.8%
Debt's share of the balance-sheet total falls from 81.3% to 75.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €33k
Cash flow
€16k▼
2024 · €32k
Current ratio
0.95▲
2024 · 0.79
Quick ratio
0.80▲
2024 · 0.74
Debt to equity
3.15▼
2024 · 4.36
ROE
-18.2%▼
2024 · 62.5%
ROA
-4.4%▼
2024 · 11.7%
Interest coverage
47.03▼
2024 · 98.94
Debt ≤ 1 year
€54k▼
2024 · €88k
Income taxes
€291▼
2024 · €322
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€108k€71k▼
Fixed assets21/28€39k€20k▼
Tangible fixed assets22/27€39k€20k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€35k€17k▼
Current assets29/58€69k€51k▼
Stocks and contracts in progress3€5k€8k▲
Stocks30/36€5k€8k▲
Amounts receivable within one year40/41€41k€24k▼
Trade receivables40€28k€19k▼
Other amounts receivable41€13k€5k▼
Current investments50/53€22k€5k▼
Cash at bank and in hand54/58€1k€14k▲
Equity and liabilities
Total equity and liabilities10/49€108k€71k▼
Equity10/15€20k€17k▼
Contributions10/11€19k€19k=
Reserves13€800€800=
Non-distributable reserves130/1€800€800=
Reserves not available under the articles1311€800€800=
Profit (loss) carried forward14€718€-2k▼
Amounts payable17/49€88k€54k▼
Amounts payable within one year42/48€88k€54k▼
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€17k€17k▲
Suppliers440/4€17k€17k▲
Taxes, remuneration and social security45€644€165▼
Taxes450/3€644€165▼
Other amounts payable47/48€66k€36k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€19k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€34k€18k▼
Operating profit (loss)9901€13k€-3k▼
Financial income75/76B€99€59▼
Recurring financial income75€99€59▼
Financial charges65/66B€332€360▲
Recurring financial charges65€332€360▲
Profit (loss) for the period before taxes9903€13k€-3k▼
Income taxes67/77€322€291▼
Profit (loss) for the period9904€13k€-3k▼
Profit (loss) for the period to be appropriated9905€13k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€718€-2k▼
Profit (loss) brought forward from the previous period14P€-12k€718▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | - | - | - |
| Remuneration, social security and pensions62 | €35k | €8k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €24k | €24k | €20k | €19k | ▼ 1.5% |
| Other operating charges640/8 | €806 | €1k | €1k | €1k | €1k | ▼ 6.3% |
| Gross operating margin9900 | €65k | €31k | €-234 | €34k | €18k | ▼ 46.7% |
| Operating profit (loss)9901 | €11k | €-3k | €-25k | €13k | €-3k | ▼ 119% |
| Financial income75/76B | €199 | €94 | €52 | €99 | €59 | ▼ 40.7% |
| Recurring financial income75 | €199 | €94 | €52 | €99 | €59 | ▼ 40.7% |
| Financial charges65/66B | €794 | €594 | €591 | €332 | €360 | ▲ 8.4% |
| Recurring financial charges65 | €794 | €594 | €591 | €332 | €360 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €11k | €-3k | €-26k | €13k | €-3k | ▼ 122% |
| Income taxes67/77 | €1k | €335 | €321 | €322 | €291 | ▼ 9.6% |
| Profit (loss) for the period9904 | €10k | €-3k | €-26k | €13k | €-3k | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-3k | €-26k | €13k | €-3k | ▼ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193k | €199k | €99k | €108k | €71k | ▼ 34.4% |
| Fixed assets21/28 | €105k | €79k | €57k | €39k | €20k | ▼ 49.1% |
| Tangible fixed assets22/27 | €105k | €79k | €57k | €39k | €20k | ▼ 49.1% |
| Plant, machinery and equipment23 | €12k | €7k | €3k | €4k | €3k | ▼ 28.4% |
| Furniture and vehicles24 | €93k | €71k | €53k | €35k | €17k | ▼ 51.3% |
| Current assets29/58 | €88k | €121k | €42k | €69k | €51k | ▼ 26.2% |
| Stocks and contracts in progress3 | €5k | €7k | €12k | €5k | €8k | ▲ 68.7% |
| Stocks30/36 | €5k | €7k | €12k | €5k | €8k | ▲ 68.7% |
| Amounts receivable within one year40/41 | €80k | €113k | €30k | €41k | €24k | ▼ 41.1% |
| Trade receivables40 | €70k | €99k | €26k | €28k | €19k | ▼ 32.3% |
| Other amounts receivable41 | €10k | €14k | €3k | €13k | €5k | ▼ 60.1% |
| Current investments50/53 | - | - | €33 | €22k | €5k | ▼ 78.2% |
| Cash at bank and in hand54/58 | €3k | €117 | €487 | €1k | €14k | ▲ 918% |
| Deferred charges and accrued income490/1 | €151 | €106 | €172 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193k | €199k | €99k | €108k | €71k | ▼ 34.4% |
| Equity10/15 | €37k | €34k | €8k | €20k | €17k | ▼ 15.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €800 | €800 | €800 | €800 | €800 | = |
| Non-distributable reserves130/1 | €800 | €800 | €800 | €800 | €800 | = |
| Reserves not available under the articles1311 | €800 | €800 | €800 | €800 | €800 | = |
| Profit (loss) carried forward14 | €18k | €14k | €-12k | €718 | €-2k | ▼ 431% |
| Amounts payable17/49 | €156k | €165k | €91k | €88k | €54k | ▼ 38.8% |
| Amounts payable after more than one year17 | €8k | €3k | - | - | - | - |
| Financial debts170/4 | €8k | €3k | - | - | - | - |
| Amounts payable within one year42/48 | €148k | €162k | €91k | €88k | €54k | ▼ 38.8% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €3k | - | - | - |
| Financial debts43 | - | - | - | €4k | - | - |
| Credit institutions430/8 | - | - | - | €4k | - | - |
| Trade debts44 | €48k | €78k | €7k | €17k | €17k | ▲ 2.0% |
| Suppliers440/4 | €48k | €78k | €7k | €17k | €17k | ▲ 2.0% |
| Taxes, remuneration and social security45 | €3k | €2k | €644 | €644 | €165 | ▼ 74.3% |
| Taxes450/3 | €3k | €2k | €644 | €644 | €165 | ▼ 74.3% |
| Other amounts payable47/48 | €93k | €78k | €80k | €66k | €36k | ▼ 45.1% |
| Accrued charges and deferred income492/3 | €57 | €64 | €64 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-3k | €-26k | €13k | €-3k | ▼ 125% |
| + Depreciation and write-downs630 | €18k | €24k | €24k | €20k | €19k | ▼ 1.5% |
| Operating cash flow (approximation) | €28k | €21k | €-3k | €32k | €16k | ▼ 49.4% |
| Investment in fixed assets (approximation) | - | €2k | €-2k | €-2k | €-460 | ▲ 72.8% |
| Change in cash | - | €-3k | €370 | €909 | €13k | ▲ 1,310% |
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
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 237 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
2023
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial 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.
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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, Kalmthout · 1 establishment unit since 2010
Ground area
2,113 m²
Building footprint
288 m²
Parcel 11662E0594/00G012, Flanders. Linked by address, not a title deed.
1 establishment unit
Sipido Guy
since 20102.189.385.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0594/00G012 | Flanders | 2,113 m² | 1 · 288 m² | - |
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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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,308 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
Founded14-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Contact
E-mail
sipidoguy@gmail.comKalmthout
Scores and ratios are computed by Checked and are not a credit decision.