SIRES
ActiveSummary
SIRES has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.48M and a net result of €-196k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-5
Solvency52▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.55 in 2024; short-term debt: 10.5% and cash: 2.5% of total assets), and 73% of the assets are financed with debt.
Credit check 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 · 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 · 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 · 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
27%
Return on assets
-1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-196k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
12 d late
2023
30 d late
2022
2 d late
2021
2 d early
2020
1 d early
2019
6 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-196k▼ 1.6%
2024 · €-193k
2018: €-210k
2019: €132k
2020: €108k
2021: €2.71M
2022: €-183k
2023: €-452k
2024: €-193k
2018 → 2025
Working capital
€452k▼ 64.7%
2024 · €1.28M
2018: €2.33M
2019: €1.52M
2020: €1.24M
2021: €4.04M
2022: €3.42M
2023: €1.89M
2024: €1.28M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.94M-€6.32M▲ 60.5%€5.87M▼ 7.2%€5.67M▼ 3.3%€5.48M▼ 3.5%
Operating result€3.70M-€-95k€-277k▼ 193%€-16k▲ 94.1%€-79k▼ 389%
Net result€2.71M-€-183k€-452k▼ 147%€-193k▲ 57.3%€-196k▼ 1.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €79k in 2025 against €16k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.30M
Fixed assets
€17.72M ▲ 19.6%
Current assets
€2.58M ▼ 28.6%
Equity and liabilities €20.30M
Equity
€5.48M ▼ 3.5%
Provisions
€753k ▼ 5.8%
Debt
€14.07M ▲ 17.7%
Debt's share of the balance-sheet total rises from 64.9% to 69.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€632k▼
2024 · €662k
Cash flow
€515k▲
2024 · €485k
Current ratio
1.21▼
2024 · 1.55
Debt to equity
2.57▲
2024 · 2.11
ROE
-3.6%▼
2024 · -3.4%
ROA
-1.0%▲
2024 · -1.0%
Interest coverage
1.46▼
2024 · 2.15
Debt ≤ 1 year
€2.13M▼
2024 · €2.33M
Debt > 1 year
€11.94M▲
2024 · €9.61M
Income taxes
€53k▲
2024 · €7k
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 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18.43M€20.30M▲
Fixed assets21/28€14.81M€17.72M▲
Tangible fixed assets22/27€14.81M€17.72M▲
Land and buildings22€14.72M€17.64M▲
Plant, machinery and equipment23€84k€85k▲
Furniture and vehicles24€11k€598▼
Current assets29/58€3.61M€2.58M▼
Stocks and contracts in progress3€1.06M€0▼
Contracts in progress37€1.06M€0▼
Amounts receivable within one year40/41€337k€394k▲
Trade receivables40€139k€163k▲
Other amounts receivable41€198k€231k▲
Current investments50/53€2.06M€1.67M▼
Cash at bank and in hand54/58€153k€503k▲
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€18.43M€20.30M▲
Equity10/15€5.67M€5.48M▼
Contributions10/11€312k€312k=
Capital10€312k€312k=
Issued capital100€312k€312k=
Revaluation surpluses12€2.23M€2.02M▼
Reserves13€3.14M€3.15M▲
Non-distributable reserves130/1€31k€31k=
Legal reserve130€31k€31k=
Tax-exempt reserves132€2.40M€2.26M▼
Distributable reserves133€701k€852k▲
Profit (loss) carried forward14€92€4▼
Provisions and deferred taxes16€800k€753k▼
Deferred taxes168€800k€753k▼
Amounts payable17/49€11.95M€14.07M▲
Amounts payable after more than one year17€9.61M€11.94M▲
Financial debts170/4€9.50M€11.76M▲
Other amounts payable178/9€111k€187k▲
Amounts payable within one year42/48€2.33M€2.13M▼
Current portion of amounts payable after more than one year42€708k€888k▲
Financial debts43€1.21M€293k▼
Credit institutions430/8€1.21M€293k▼
Trade debts44€162k€386k▲
Suppliers440/4€162k€386k▲
Taxes, remuneration and social security45€37k€136k▲
Taxes450/3€37k€136k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€221k€425k▲
Accrued charges and deferred income492/3€7k€898▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€678k€711k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-56k€101k▲
Other operating charges640/8€81k€186k▲
Gross operating margin9900€687k€918k▲
Operating profit (loss)9901€-16k€-79k▼
Financial income75/76B€97k€323k▲
Recurring financial income75€97k€323k▲
Financial charges65/66B€308k€434k▲
Recurring financial charges65€308k€434k▲
Profit (loss) for the period before taxes9903€-228k€-190k▲
Transfer from deferred taxes780€42k€47k▲
Income taxes67/77€7k€53k▲
Profit (loss) for the period9904€-193k€-196k▼
Transfer from tax-exempt reserves789€126k€140k▲
Profit (loss) for the period to be appropriated9905€-67k€-56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-56k▲
Profit (loss) brought forward from the previous period14P€23€92▲
Transfer from equity791/2€67k€56k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (20 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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-452k
Net result drops to €-452k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
30-09
Financial
Equity above €5MEq €6.32M ▲60.5%
Equity rises from €3.94M to €6.32M.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €2.71M ▲2416%
Operating result €3.70M, net result €2.71M, both a record.
30-09
Financial
Equity above €2MEq €3.94M ▲115%
3 profitable years in a row build equity to €3.94M.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €132k
Net result €132k after one loss-making year.
Show earlier events
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
28-04
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.
Directors · office · real estate
Directors
11 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, Schilde · 1 establishment unit 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.
Bellevuedreef 42970 SchildeGround area
5,065 m²
Building footprint
217 m²
Volume, LiDAR
1,225 m³
Parcel 11922C0452/00E000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bedrijvencentrum Lier
since 20142.233.120.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0452/00E000 | Flanders | 5,065 m² | 1 · 217 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,448 EUR awarded · 2,417 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,114 EUR | 1,778 EUR |
| 2023 | 1 | 0 EUR | 305 EUR |
| 2022 | 1 | 334 EUR | 334 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsPolyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
Legal Entity Identifier
875500F9XXFX2WXV4633
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 2,557 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 formPublic limited company
Founded13-02-1978
Fiscal year end31-12
Abbreviation NL
B.C.R.
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.