SIPRA
ActiveSummary
SIPRA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394k and a net result of €23k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency70▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.36 in 2024; short-term debt: 55.1% and cash: 32.1% of total assets), and 55.2% 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.8%
Return on assets
2.7%
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 31-08-2026, 31 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
31 d late
2024
31 d late
2023
12 d early
2022
12 d early
2021
25 d late
2020
30 d late
2019
11 d early
← 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, abbreviated schema
Equity
€394k▲ 6.3%
2024 · €370k
2018: €153klowest in 8 years
2019: €168k▲ +9.8% vs 2018
2020: €242k▲ +43.8% vs 2019
2021: €271k▲ +12.1% vs 2020
2022: €326k▲ +20.3% vs 2021
2023: €362k▲ +11.2% vs 2022
2024: €370k▲ +2.1% vs 2023
2025: €394k▲ +6.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€878k▲ 4.1%
2024 · €843k
2018: €990k
2019: €1.10M▲ +10.9% vs 2018
2020: €1.02M▼ -6.7% vs 2019
2021: €1.43M▲ +39.4% vs 2020highest in 8 years
2022: €1.28M▼ -10.3% vs 2021
2023: €970k▼ -24.3% vs 2022
2024: €843k▼ -13.0% vs 2023lowest in 8 years
2025: €878k▲ +4.1% vs 2024
2018 → 2025
Net result
€23k▲ 202%
2024 · €8k
2018: €12k
2019: €15k▲ +26.3% vs 2018
2020: €74k▲ +388% vs 2019highest in 8 years
2021: €29k▼ -60.1% vs 2020
2022: €55k▲ +87.2% vs 2021
2023: €37k▼ -33.3% vs 2022
2024: €8k▼ -78.9% vs 2023lowest in 8 years
2025: €23k▲ +202% vs 2024
2018 → 2025
Working capital
€200k▲ 17.4%
2024 · €170k
2018: €-128klowest in 8 years
2019: €280k▲ +319% vs 2018
2020: €295k▲ +5.5% vs 2019
2021: €349k▲ +18.3% vs 2020highest in 8 years
2022: €336k▼ -3.8% vs 2021
2023: €260k▼ -22.7% vs 2022
2024: €170k▼ -34.4% vs 2023
2025: €200k▲ +17.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€271k-€326k▲ 20.3%€362k▲ 11.2%€370k▲ 2.1%€394k▲ 6.3%
2021: €271klowest in 5 years
2022: €326k▲ +20.3% vs 2021
2023: €362k▲ +11.2% vs 2022
2024: €370k▲ +2.1% vs 2023
2025: €394k▲ +6.3% vs 2024highest in 5 years
Operating result€44k-€72k▲ 63.3%€66k▼ 8.8%€22k▼ 66.6%€46k▲ 110%
2021: €44k
2022: €72k▲ +63.3% vs 2021highest in 5 years
2023: €66k▼ -8.8% vs 2022
2024: €22k▼ -66.6% vs 2023lowest in 5 years
2025: €46k▲ +110% vs 2024
Net result€29k-€55k▲ 87.2%€37k▼ 33.3%€8k▼ 78.9%€23k▲ 202%
2021: €29k
2022: €55k▲ +87.2% vs 2021highest in 5 years
2023: €37k▼ -33.3% vs 2022
2024: €8k▼ -78.9% vs 2023lowest in 5 years
2025: €23k▲ +202% vs 2024
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 2025; 2025 is 110% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €878k
Fixed assets
€194k ▼ 5.4%
Current assets
€684k ▲ 7.2%
Equity and liabilities €878k
Equity
€394k ▲ 6.3%
Debt
€485k ▲ 2.4%
Debt's share of the balance-sheet total falls from 56.1% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€117k▲
2024 · €84k
Cash flow
€94k▲
2024 · €70k
Current ratio
1.41▲
2024 · 1.36
Quick ratio
1.37▲
2024 · 1.30
Debt to equity
1.23▼
2024 · 1.28
ROE
6.0%▲
2024 · 2.1%
ROA
2.7%▲
2024 · 0.9%
Interest coverage
10.08▲
2024 · 7.48
Debt ≤ 1 year
€484k▲
2024 · €468k
Income taxes
€12k▲
2024 · €6k
Staff costs
€1.05M▲
2024 · €1.04M
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€843k€878k▲
Fixed assets21/28€205k€194k▼
Tangible fixed assets22/27€205k€194k▼
Plant, machinery and equipment23€204k€191k▼
Furniture and vehicles24€503€3k▲
Financial fixed assets28€595€595=
Current assets29/58€638k€684k▲
Stocks and contracts in progress3€28k€19k▼
Stocks30/36€28k€19k▼
Amounts receivable within one year40/41€130k€350k▲
Trade receivables40€17k€16k▼
Other amounts receivable41€113k€335k▲
Cash at bank and in hand54/58€465k€282k▼
Deferred charges and accrued income490/1€15k€33k▲
Equity and liabilities
Total equity and liabilities10/49€843k€878k▲
Equity10/15€370k€394k▲
Contributions10/11€62k€62k=
Reserves13€308k€332k▲
Distributable reserves133€308k€332k▲
Amounts payable17/49€473k€485k▲
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€468k€484k▲
Current portion of amounts payable after more than one year42€71k€11k▼
Trade debts44€272k€358k▲
Suppliers440/4€272k€358k▲
Taxes, remuneration and social security45€120k€109k▼
Taxes450/3€324€19▼
Remuneration and social security454/9€119k€109k▼
Other amounts payable47/48€4k€5k▲
Accrued charges and deferred income492/3€80€750▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.04M€1.05M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€71k▲
Other operating charges640/8€13k€13k▲
Gross operating margin9900€1.14M€1.18M▲
Operating profit (loss)9901€22k€46k▲
Financial income75/76B€3k€831▼
Recurring financial income75€3k€831▼
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€14k€35k▲
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€8k€23k▲
Profit (loss) for the period to be appropriated9905€8k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€23k▲
Transfer to equity691/2€8k€23k▲
To other reserves6921€8k€23k▲
Social balance
Average headcount (FTE)908721.721.2▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €918k | €930k | €1.06M | €1.04M | €1.05M | ▲ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108k | €90k | €44k | €62k | €71k | ▲ 14.2% |
| Other operating charges640/8 | €10k | €11k | €12k | €13k | €13k | ▲ 3.4% |
| Gross operating margin9900 | €1.08M | €1.10M | €1.18M | €1.14M | €1.18M | ▲ 3.6% |
| Operating profit (loss)9901 | €44k | €72k | €66k | €22k | €46k | ▲ 110% |
| Financial income75/76B | €495 | €595 | €341 | €3k | €831 | ▼ 75.1% |
| Recurring financial income75 | €495 | €595 | €341 | €3k | €831 | ▼ 75.1% |
| Financial charges65/66B | €15k | €11k | €13k | €11k | €12k | ▲ 3.4% |
| Recurring financial charges65 | €15k | €11k | €13k | €11k | €12k | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €29k | €61k | €53k | €14k | €35k | ▲ 151% |
| Income taxes67/77 | €142 | €6k | €17k | €6k | €12k | ▲ 88.4% |
| Profit (loss) for the period9904 | €29k | €55k | €37k | €8k | €23k | ▲ 202% |
| Profit (loss) for the period to be appropriated9905 | €29k | €55k | €37k | €8k | €23k | ▲ 202% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.43M | €1.28M | €970k | €843k | €878k | ▲ 4.1% |
| Fixed assets21/28 | €127k | €136k | €183k | €205k | €194k | ▼ 5.4% |
| Tangible fixed assets22/27 | €127k | €136k | €182k | €205k | €194k | ▼ 5.5% |
| Plant, machinery and equipment23 | €122k | €132k | €181k | €204k | €191k | ▼ 6.5% |
| Furniture and vehicles24 | €4k | €3k | €934 | €503 | €3k | ▲ 411% |
| Financial fixed assets28 | €595 | €595 | €595 | €595 | €595 | = |
| Current assets29/58 | €1.30M | €1.14M | €787k | €638k | €684k | ▲ 7.2% |
| Stocks and contracts in progress3 | €12k | €17k | €29k | €28k | €19k | ▼ 32.7% |
| Stocks30/36 | €12k | €17k | €29k | €28k | €19k | ▼ 32.7% |
| Amounts receivable within one year40/41 | €279k | €204k | €78k | €130k | €350k | ▲ 169% |
| Trade receivables40 | €13k | €39k | €43k | €17k | €16k | ▼ 9.5% |
| Other amounts receivable41 | €267k | €164k | €35k | €113k | €335k | ▲ 197% |
| Current investments50/53 | €350k | €300k | - | - | - | - |
| Cash at bank and in hand54/58 | €647k | €615k | €668k | €465k | €282k | ▼ 39.4% |
| Deferred charges and accrued income490/1 | €13k | €9k | €13k | €15k | €33k | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.43M | €1.28M | €970k | €843k | €878k | ▲ 4.1% |
| Equity10/15 | €271k | €326k | €362k | €370k | €394k | ▲ 6.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €209k | €264k | €300k | €308k | €332k | ▲ 7.6% |
| Non-distributable reserves130/1 | €6k | - | - | - | - | - |
| Reserves not available under the articles1311 | €6k | - | - | - | - | - |
| Distributable reserves133 | €203k | €264k | €300k | €308k | €332k | ▲ 7.6% |
| Amounts payable17/49 | €1.16M | €955k | €607k | €473k | €485k | ▲ 2.4% |
| Amounts payable after more than one year17 | €206k | €142k | €77k | €6k | - | - |
| Financial debts170/4 | €206k | €142k | €77k | €6k | - | - |
| Amounts payable within one year42/48 | €952k | €808k | €527k | €468k | €484k | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €63k | €64k | €65k | €71k | €11k | ▼ 84.5% |
| Trade debts44 | €780k | €643k | €335k | €272k | €358k | ▲ 31.7% |
| Suppliers440/4 | €780k | €643k | €335k | €272k | €358k | ▲ 31.7% |
| Taxes, remuneration and social security45 | €108k | €101k | €125k | €120k | €109k | ▼ 8.8% |
| Taxes450/3 | - | - | - | €324 | €19 | ▼ 94.2% |
| Remuneration and social security454/9 | €108k | €101k | €125k | €119k | €109k | ▼ 8.5% |
| Other amounts payable47/48 | €178 | €199 | €2k | €4k | €5k | ▲ 19.2% |
| Accrued charges and deferred income492/3 | - | €5k | €3k | €80 | €750 | ▲ 837% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €55k | €37k | €8k | €23k | ▲ 202% |
| + Depreciation and write-downs630 | €108k | €90k | €44k | €62k | €71k | ▲ 14.2% |
| Operating cash flow (approximation) | €137k | €145k | €80k | €70k | €94k | ▲ 35.1% |
| Investment in fixed assets (approximation) | - | €-98k | €-90k | €-84k | €-59k | ▲ 29.7% |
| Change in cash | - | €-32k | €52k | €-202k | €-184k | ▲ 9.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €8k ▼78.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €74k ▲388%
Operating result €95k, net result €74k, both a record.
31-12
Financial
Equity above €200kEq €242k ▲43.8%
3 profitable years in a row build equity to €242k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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.
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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, Herentals · 1 establishment unit since 1994
Ground area
6,721 m²
Building footprint
1,755 m²
Volume, LiDAR
17,992 m³
2 parcels, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MC DONALD'S
since 19942.068.876.376
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0299/02M000 | Flanders | 3,608 m² | 1 · 431 m² | 5.7 m · 1 fl. |
| 13302C0300/00K000 | Flanders | 3,113 m² | 1 · 1,323 m² | 15.8 m · 4 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
1 siteHerentals2.068.876.376
Dual-learning approval
2 endedMedewerker fastfood (vwo)
Medewerker fastfood duaal (so)
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 5,052 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
Founded27-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.