SIRAYA

Active

Public limited companyfounded 199926 yrs activeNijverheidslaan 11, 9250 Waasmunster, BelgiumKBO/BCE: BE 0468.760.220

SIRAYA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €770k and a net result of €-91k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

53 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability12▼-57

Solvency69▼-5

Growth52=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days acceptable

Liquidity short (current ratio 0.22 against 0.2 in 2024; short-term debt: 53.4% and cash: 0% of total assets), and 55.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year €-91k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 d early

2024

29 d late

2023

20 d late

2022

25 d late

2021

30 d late

2020

24 d late

2019

104 d late

← before the deadline after the deadline →

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 months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-91k▼ 3,578%

2024 · €-2k

2018: €2k 2019: €10k 2020: €-59k 2021: €-48k 2022: €3k 2023: €-13k 2024: €-2k

2018 → 2025

Working capital

€-728k▼ 9.0%

2024 · €-668k

2018: €15k 2019: €24k 2020: €-317k 2021: €-871k 2022: €-723k 2023: €-702k 2024: €-668k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-82k-€221k€863k▲ 290%€861k▼ 0.3%€770k▼ 10.6%

Operating result€-44k-€6k€-9k€7k€-82k

Net result€-48k-€3k€-13k€-2k▲ 80.9%€-91k▼ 3,578%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €82k after €7k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.74M

88.4%

12%

Fixed assets €1.54M▼ 3.5%

Current assets €202k▲ 21.5%

Equity and liabilities €1.74M

44.2%

55.8%

Equity €770k▼ 10.6%

Debt €971k▲ 7.8%

The debt ratio rises from 51.1% to 55.8%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-23k▼

2024 · €66k

Cash flow

€-31k▼

2024 · €57k

Solvency

44.2%▼

2024 · 48.9%

Current ratio

0.22▲

2024 · 0.20

Quick ratio

0.18▲

2024 · 0.13

Debt / equity

1.26▲

2024 · 1.05

ROE

-11.8%▼

2024 · -0.3%

ROA

-5.2%▼

2024 · -0.1%

Interest coverage

-2.60▼

2024 · 7.37

Debt

€971k▲

2024 · €900k

Debt ≤ 1 year

€930k▲

2024 · €834k

Debt > 1 year

€41k▼

2024 · €66k

Income taxes

€323▼

2024 · €445

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€1.76M€1.74M▼

Fixed assets21/28€1.59M€1.54M▼

Tangible fixed assets22/27€1.59M€1.54M▼

Land and buildings22€1.57M€1.51M▼

Furniture and vehicles24€27k€22k▼

Financial fixed assets28€2k€2k=

Current assets29/58€166k€202k▲

Stocks and contracts in progress3€57k€38k▼

Stocks30/36€57k€38k▼

Amounts receivable within one year40/41€89k€147k▲

Trade receivables40€58k€132k▲

Other amounts receivable41€31k€15k▼

Cash at bank and in hand54/58€551€617▲

Deferred charges and accrued income490/1€20k€16k▼

Equity and liabilities

Total equity and liabilities10/49€1.76M€1.74M▼

Equity10/15€861k€770k▼

Contributions10/11€1.02M€1.02M=

Capital10€1.02M€1.02M=

Issued capital100€1.02M€1.02M=

Profit (loss) carried forward14€-156k€-247k▼

Amounts payable17/49€900k€971k▲

Amounts payable after more than one year17€66k€41k▼

Financial debts170/4€66k€41k▼

Amounts payable within one year42/48€834k€930k▲

Current portion of amounts payable after more than one year42€28k€25k▼

Trade debts44€69k€104k▲

Suppliers440/4€69k€104k▲

Advances received on contracts in progress46-€19k

Taxes, remuneration and social security45€2k€5k▲

Taxes450/3€2k€5k▲

Other amounts payable47/48€734k€776k▲

Accrued charges and deferred income492/3-€33

Income statement Code20242025

Non-recurring operating income76A€15k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€60k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k-

Other operating charges640/8€13k€31k▲

Gross operating margin9900€74k€9k▼

Operating profit (loss)9901€7k€-82k▼

Financial income75/76B€50€69▲

Recurring financial income75€50€69▲

Financial charges65/66B€9k€9k▼

Recurring financial charges65€9k€9k▼

Profit (loss) for the period before taxes9903€-2k€-91k▼

Income taxes67/77€445€323▼

Profit (loss) for the period9904€-2k€-91k▼

Profit (loss) for the period to be appropriated9905€-2k€-91k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-156k€-247k▼

Profit (loss) brought forward from the previous period14P€-154k€-156k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €-91k

Net result drops to €-91k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

20-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 20 days late

2023

31-12

Financial Equity above €500kEq €863k ▲290%

Equity rises from €221k to €863k.

25-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 25 days late

2022

31-12

Financial Back to profitnet €3k

Net result €3k after 2 loss-making years.

31-12

Financial Equity above €200kEq €221k

Equity rises from €-82k to €221k.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

24-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 24 days late

2020

12-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 104 days late

2019

31-12

Financial Highest result since 2018net €10k ▲364%

Operating result €11k, net result €10k, both a record.

31-12

Financial Liquidity times 5current ratio 9.98

Current ratio from 2.09 to 9.98; short-term debt falls from €13k to €3k.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 30 days late

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 27 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2020

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

08-06-2020 Van Pellicom Joris: Resigned as Director

21-01-2015 Sillis Marc: Resigned as Director

21-01-2015 Van Pellicom Louis: Resigned as Director

Location & real-estate footprint

Registered office, Waasmunster · 1 establishment unit since 2000

establishment The establishment unit on the map

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.

Nijverheidslaan 119250 Waasmunster

Ground area

6,771 m²

Building footprint