SIPRESS
ActiveSIPRESS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290k and a net result of €1k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-3
Solvency51▲+4
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.17 in 2024), and 60.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← 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
39.9%
Return on assets
0.1%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
35 d late
2023
on the day
2022
315 d late
2021
680 d late
2020
44 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€290k▲ 0.4%
2024 · €289k
2019: €243k
2020: €249k
2021: €263k
2022: €275k
2023: €286k
2024: €289k
2019 → 2025
Total assets
€727k▼ 7.0%
2024 · €781k
2019: €993k
2020: €921k
2021: €914k
2022: €843k
2023: €834k
2024: €781k
2019 → 2025
Net result
€1k▼ 66.8%
2024 · €3k
2019: €47k
2020: €6k
2021: €14k
2022: €12k
2023: €10k
2024: €3k
2019 → 2025
Working capital
€-212k▼ 2.6%
2024 · €-207k
2019: €-320k
2020: €-189k
2021: €-200k
2022: €-205k
2023: €-217k
2024: €-207k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€263k-€275k▲ 4.5%€286k▲ 3.7%€289k▲ 1.1%€290k▲ 0.4%
Operating result€36k-€18k▼ 49.2%€36k▲ 101%€-17k€5k
Net result€14k-€12k▼ 13.9%€10k▼ 13.9%€3k▼ 69.4%€1k▼ 66.8%
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 returns to profit in 2025: €5k after a loss of €17k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €727k
Fixed assets
€700k▼ 5.2%
Current assets
€27k▼ 37.2%
Equity and liabilities €727k
Equity
€290k▲ 0.4%
Provisions
€23k=
Debt
€415k▼ 11.8%
The debt ratio falls from 60.2% to 57.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€44k▲
2024 · €22k
Cash flow
€40k▼
2024 · €42k
Solvency
39.9%▲
2024 · 37.0%
Current ratio
0.11▼
2024 · 0.17
Quick ratio
0.11▼
2024 · 0.17
Debt / equity
1.43▼
2024 · 1.63
ROE
0.4%▼
2024 · 1.1%
ROA
0.1%▼
2024 · 0.4%
Interest coverage
19.57▲
2024 · -0.97
Debt
€415k▼
2024 · €470k
Debt ≤ 1 year
€239k▼
2024 · €250k
Debt > 1 year
€175k▼
2024 · €220k
Income taxes
€2k▼
2024 · €8k
Staff costs
€19k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€781k€727k▼
Fixed assets21/28€738k€700k▼
Tangible fixed assets22/27€738k€700k▼
Land and buildings22€738k€700k▼
Current assets29/58€43k€27k▼
Amounts receivable within one year40/41€40k€26k▼
Trade receivables40€10k€12k▲
Other amounts receivable41€30k€14k▼
Cash at bank and in hand54/58€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€781k€727k▼
Equity10/15€289k€290k▲
Contributions10/11€160k€160k=
Capital10€160k€160k=
Issued capital100€160k€160k=
Reserves13€10k€11k▲
Non-distributable reserves130/1€10k€11k▲
Legal reserve130€10k€11k▲
Profit (loss) carried forward14€119k€119k=
Provisions and deferred taxes16€23k€23k=
Provisions for liabilities and charges160/5€23k€23k=
Major repairs and maintenance162€23k€23k=
Amounts payable17/49€470k€415k▼
Amounts payable after more than one year17€220k€175k▼
Financial debts170/4€215k-
Other amounts payable178/9€5k€175k▲
Amounts payable within one year42/48€250k€239k▼
Current portion of amounts payable after more than one year42€54k€45k▼
Trade debts44€64k€68k▲
Suppliers440/4€64k€68k▲
Taxes, remuneration and social security45€27k€25k▼
Taxes450/3€26k€24k▼
Remuneration and social security454/9€448€931▲
Other amounts payable47/48€105k€101k▼
Income statement
Code20242025
Remuneration, social security and pensions62€17k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€39k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16k€17k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€23k-
Other operating charges640/8€18k€15k▼
Gross operating margin9900€95k€94k▼
Operating profit (loss)9901€-17k€5k▲
Financial income75/76B€5k€0▼
Recurring financial income75€0€0▲
Non-recurring financial income76B€5k-
Financial charges65/66B€-22k€2k▲
Recurring financial charges65€-22k€2k▲
Profit (loss) for the period before taxes9903€11k€3k▼
Income taxes67/77€8k€2k▼
Profit (loss) for the period9904€3k€1k▼
Profit (loss) for the period to be appropriated9905€3k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€120k▼
Profit (loss) brought forward from the previous period14P€119k€119k▲
Transfer to equity691/2€3k€1k▼
To the legal reserve6920€3k€1k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €1k ▼66.8%
Net result drops to €1k, the lowest in the series.
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 315 days late
11-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 680 days late
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 44 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 223 days late
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 128 days late
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oorlogskruisenlaan 3261120 BrusselGround area
1,833 m²
Building footprint
773 m²
Volume, LiDAR
12,616 m³
2 parcels, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
GECA INVEST SC
since 19932.043.556.507
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392A0058/00C009 | Brussels | 1,400 m² | 1 · 591 m² | 22.6 m · 6 fl. |
| 21819B0095/00B009 | Brussels | 433 m² | 1 · 181 m² | 18.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DEVISCH-INVEST
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MUSSENHOEVE
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Of 3,753 companies in sector 68321 we hold annual accounts for 1,381. 975 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-10-1986
Fiscal year end31-03
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.