SIRELEX
ActiveSummary
SIRELEX has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €736k and a net result of €447k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 1740 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency75▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.14 in 2023; short-term debt: 40% and cash: 32% of total assets), but 50.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.9%
Return on assets
30.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
29 d late
2022
16 d late
2021
23 d late
2020
27 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€447k▲ 30.6%
2023 · €343k
2018: €59k
2019: €110k
2020: €23k
2021: €79k
2022: €104k
2023: €343k
2018 → 2024
Working capital
€828k▲ 38.7%
2023 · €597k
2018: €256k
2019: €387k
2020: €428k
2021: €402k
2022: €412k
2023: €597k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€456k-€435k▼ 4.5%€446k▲ 2.4%€639k▲ 43.2%€736k▲ 15.2%
Operating result€32k-€109k▲ 237%€154k▲ 41.2%€457k▲ 196%€604k▲ 32.1%
Net result€23k-€79k▲ 247%€104k▲ 31.5%€343k▲ 228%€447k▲ 30.6%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.48M
Fixed assets
€57k ▲ 12.9%
Current assets
€1.42M ▲ 26.5%
Equity and liabilities €1.48M
Equity
€736k ▲ 15.2%
Debt
€740k ▲ 38.6%
Debt's share of the balance-sheet total rises from 45.5% to 50.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€616k▲
2023 · €468k
Cash flow
€459k▲
2023 · €354k
Current ratio
2.40▲
2023 · 2.14
Debt to equity
1.01▲
2023 · 0.84
ROE
60.8%▲
2023 · 53.6%
ROA
30.3%▲
2023 · 29.2%
Interest coverage
184.96▼
2023 · 230.04
Debt ≤ 1 year
€590k▲
2023 · €525k
Income taxes
€153k▲
2023 · €113k
Staff costs
€286k▲
2023 · €169k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.17M€1.48M▲
Fixed assets21/28€51k€57k▲
Tangible fixed assets22/27€51k€57k▲
Land and buildings22€34k€35k▲
Furniture and vehicles24€16k€22k▲
Financial fixed assets28€0-
Current assets29/58€1.12M€1.42M▲
Amounts receivable within one year40/41€785k€945k▲
Trade receivables40€785k€945k▲
Other amounts receivable41€513€0▼
Cash at bank and in hand54/58€333k€472k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.48M▲
Equity10/15€639k€736k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€618k€715k▲
Amounts payable17/49€534k€740k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€525k€590k▲
Current portion of amounts payable after more than one year42€4k€0▼
Trade debts44€111k€130k▲
Suppliers440/4€111k€130k▲
Taxes, remuneration and social security45€211k€102k▼
Taxes450/3€184k€53k▼
Remuneration and social security454/9€28k€48k▲
Other amounts payable47/48€198k€358k▲
Accrued charges and deferred income492/3€9k€150k▲
Income statement
Code20232024
Non-recurring operating income76A-€221
Remuneration, social security and pensions62€169k€286k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-8k€-26k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€630k€878k▲
Operating profit (loss)9901€457k€604k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€455k€601k▲
Income taxes67/77€113k€153k▲
Profit (loss) for the period9904€343k€447k▲
Profit (loss) for the period to be appropriated9905€343k€447k▲
Appropriation of the result
Profit (loss) to be appropriated9906€768k€1.07M▲
Profit (loss) brought forward from the previous period14P€426k€618k▲
Profit to be distributed694/7€150k€350k▲
Return on contributions (dividend)694€150k€350k▲
Social balance
Average headcount (FTE)90873.16.6▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €447k ▲30.6%
Operating result €604k, net result €447k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Equity above €500kEq €639k ▲43.2%
6 profitable years in a row build equity to €639k.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €23k ▼79.2%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Aubange · 3 establishment units since 2014
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.
Grand-rue - ATHUS 996791 AubangeGround area
2,083 m²
Building footprint
157 m²
2 parcels, Wallonia. Linked by address, not a title deed.
3 establishment units
Grand-rue - ATHUS 99, 6791 Aubange
since 20142.235.533.957
SIRELEX
since 20222.328.059.782
SIRELEX
since 20232.345.292.130
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84043A0210/00V005 | Wallonia | 1,599 m² | - | - |
| 83031D0234/00G000 | Wallonia | 484 m² | 1 · 157 m² | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 2
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RELIAS Gerechtsdeurwaarders
BE 0478.955.316
Antwerpen · Eq €737k
FERNANDE CRABBE
BE 0471.699.716
Sint-Agatha-Berchem · Eq €744k
Gerechtsdeurwaarder Philip Scheir
BE 0882.014.862
Gent · Eq €745k
DANIEL PALET
BE 0890.667.262
Zonhoven · Eq €748k
DIATRA
BE 0891.338.245
Heusden-Zolder · Eq €750k
Of 1,019 companies in sector 69103 we hold annual accounts for 611. 396 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:luxembourg@modero.be
Phone:+3263388838