SIRIUS SOLUTIONS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 5 filings
Equity
-€485
2024 · €3,702
Total assets
€669▼ 88.6%
2024 · €5,876
Net result
-€4,187▼ 15.8%
2024 · -€3,617
Working capital
-€1,095
2024 · €3,092
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€4,105
▼ 45.7%
2025
20212025
Net result
-€4,187
▼ 15.8%
2025
lowest quarter of the sector
20212025
Equity
-€485
2025
lowest quarter of the sector
20212025
Total assets
€669
▼ 88.6%
2025
lowest quarter of the sector
20212025
Debt
€1,155
▼ 46.9%
2025
20212025
Working capital
-€1,095
2025
lowest quarter of the sector
20212025
Solvency
no figure
2025
20212025
Current ratio
no figure
2025
20212025
Return on assets (ROA)
no figure
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,335-€27,250▲ 66.8%€7,878▼ 71.1%-€2,817-€4,105▼ 45.7%
Net result€12,906within the sector's middle half-€21,519within the sector's middle half▲ 66.7%€5,894within the sector's middle half▼ 72.6%-€3,617below the sector's middle half-€4,187below the sector's middle half▼ 15.8%
Equity€17,406below the sector's middle half-€16,425below the sector's middle half▼ 5.6%€7,319below the sector's middle half▼ 55.4%€3,702below the sector's middle half▼ 49.4%-€485below the sector's middle half
Total assets€28,122below the sector's middle half-€56,306below the sector's middle half▲ 100%€38,206below the sector's middle half▼ 32.1%€5,876below the sector's middle half▼ 84.6%€669below the sector's middle half▼ 88.6%
Debt€10,716-€39,881▲ 272%€30,887▼ 22.6%€2,174▼ 93.0%€1,155▼ 46.9%
Working capital€16,588within the sector's middle half-€14,517within the sector's middle half▼ 12.5%€6,173below the sector's middle half▼ 57.5%€3,092below the sector's middle half▼ 49.9%-€1,095below the sector's middle half
Solvency61.9%within the sector's middle half-29.2%below the sector's middle half▼ 32.7pp19.2%below the sector's middle half▼ 10.0pp63.0%within the sector's middle half▲ 43.8pp
Current ratio2.55within the sector's middle half-1.36below the sector's middle half▼ 1.181.20below the sector's middle half▼ 0.162.42within the sector's middle half▲ 1.22
Return on assets (ROA)45.9%above the sector's middle half-38.2%above the sector's middle half▼ 7.7pp15.4%within the sector's middle half▼ 22.8pp-61.6%below the sector's middle half▼ 77.0pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €4,105, larger than the loss of €2,817 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €669
Fixed assets
€610 =
Current assets
€60 ▼ 98.9%
Equity and liabilities
Equity-€485
Debt€1,155
Equity is negative. Debt (€1,155) exceeds the balance-sheet total (€669).
Key figures and ratios
EBITDA
-€4,105▼
2024 · -€2,280
Cash flow
-€4,187▼
2024 · -€3,080
Interest coverage
-57.18▼
2024 · -2.86
Debt ≤ 1 year
€1,155▼
2024 · €2,174
Income taxes
€10▼
2024 · €111
The ratios are withheld because a balance sheet total of €669 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,611 | - | - | - |
| Financial fixed assets | €121 | - | - | - | - |
| Depreciation and write-downs of the year | €247 | €520 | €762 | €537 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €247 | €520 | €762 | €537 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,122 | €1,512 | €1,951 | €791 | - | - |
| Non-recurring operating charges66A | - | - | - | €1,811 | €1,948 | ▲ 7.6% |
| Gross operating margin9900 | €17,703 | €29,283 | €10,591 | €321 | -€2,157 | - |
| Operating profit (loss)9901 | €16,335 | €27,250 | €7,878 | -€2,817 | -€4,105 | ▼ 45.7% |
| Financial income75/76B | €0 | - | - | €108 | - | - |
| Recurring financial income75 | €0 | - | - | €108 | - | - |
| Financial charges65/66B | €132 | €54 | €55 | €797 | €72 | ▼ 91.0% |
| Recurring financial charges65 | €132 | €54 | €55 | €797 | €72 | ▼ 91.0% |
| Profit (loss) for the period before taxes9903 | €16,202 | €27,197 | €7,824 | -€3,506 | -€4,177 | ▼ 19.1% |
| Income taxes67/77 | €3,297 | €5,678 | €1,929 | €111 | €10 | ▼ 91.0% |
| Profit (loss) for the period9904 | €12,906 | €21,519 | €5,894 | -€3,617 | -€4,187 | ▼ 15.8% |
| Profit (loss) for the period to be appropriated9905 | €12,906 | €21,519 | €5,894 | -€3,617 | -€4,187 | ▼ 15.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,122 | €56,306 | €38,206 | €5,876 | €669 | ▼ 88.6% |
| Formation expenses20 | €696 | €225 | - | - | - | - |
| Fixed assets21/28 | €121 | €1,684 | €1,147 | €610 | €610 | = |
| Tangible fixed assets22/27 | - | €1,562 | €1,025 | €488 | €488 | = |
| Furniture and vehicles24 | - | €1,562 | €1,025 | €488 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | €488 | - |
| Financial fixed assets28 | €121 | €121 | €121 | €121 | €121 | = |
| Current assets29/58 | €27,304 | €54,398 | €37,059 | €5,266 | €60 | ▼ 98.9% |
| Amounts receivable within one year40/41 | €14,020 | €31,783 | €32,134 | €2,439 | - | - |
| Trade receivables40 | €9,741 | €12,596 | €15,125 | - | - | - |
| Other amounts receivable41 | €4,279 | €19,187 | €17,009 | €2,439 | - | - |
| Cash at bank and in hand54/58 | €11,208 | €20,808 | €3,133 | €1,120 | €60 | ▼ 94.7% |
| Deferred charges and accrued income490/1 | €2,076 | €1,807 | €1,793 | €1,708 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,122 | €56,306 | €38,206 | €5,876 | €669 | ▼ 88.6% |
| Equity10/15 | €17,406 | €16,425 | €7,319 | €3,702 | -€485 | - |
| Contributions10/11 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Profit (loss) carried forward14 | €12,906 | €11,925 | €2,819 | -€798 | -€4,985 | ▼ 525% |
| Amounts payable17/49 | €10,716 | €39,881 | €30,887 | €2,174 | €1,155 | ▼ 46.9% |
| Amounts payable within one year42/48 | €10,716 | €39,881 | €30,887 | €2,174 | €1,155 | ▼ 46.9% |
| Trade debts44 | €2,770 | €1,427 | €2,517 | €99 | €460 | ▲ 366% |
| Suppliers440/4 | €2,770 | €1,427 | €2,517 | €99 | €460 | ▲ 366% |
| Taxes, remuneration and social security45 | €7,946 | €19,674 | €13,944 | €2,075 | €694 | ▼ 66.5% |
| Taxes450/3 | €7,946 | €18,394 | €13,944 | €2,075 | €121 | ▼ 94.2% |
| Remuneration and social security454/9 | - | €1,280 | - | - | €574 | - |
| Other amounts payable47/48 | - | €18,780 | €14,426 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,906 | €21,519 | €5,894 | -€3,617 | -€4,187 | ▼ 15.8% |
| + Depreciation and write-downs630 | €247 | €520 | €762 | €537 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €13,152 | €22,039 | €6,656 | -€3,080 | -€4,187 | ▼ 35.9% |
| Investment in fixed assets (approximation) | - | -€2,082 | -€225 | €0 | €0 | - |
| Change in cash | - | €9,599 | -€17,675 | -€2,013 | -€1,060 | ▲ 47.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as SIRIUS SOLUTIONS has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
83.0%
was still going
8.4%
stopped otherwise
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SIRIUS SOLUTIONS itself is lower: 1.0% within 12 months. It rests on far more data about SIRIUS SOLUTIONS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for SIRIUS SOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00356531 | |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00248150 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174752 | |
| 31-12-2022 | micro format | 20-10-2023 | 2023-00489245 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20216614 |