SIRO CONSTRUCT
InactiveFrom the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Overview
Official details
KBO- Status
- Inactive
- Activity
- “Het vervaardigen,leveren en plaatsen van metaalconstructies en metalen kunstwerken.” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Who decides
Shareholders
How it is doing
Inactive: no score
Annual accounts to 30-09-2022
- Gross margin
- €317,810
- ▲ 91.3%
- Turnover
- ≈ €750,000
- estimated
- Loss
- €99,864
- ▲ 101%
- Equity
- €125,081
- ▼ 44.4%
- Total assets
- €615,652
- ▲ 17.0%
- Staff
- 6.9 FTE
- ▼ 28.1%
Filed on 21-04-2023PDF
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 21-04-2023, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
9 days early
2021
10 days early
2020
11 days early
2019
8 days early
2018
27 days early
2017
41 days early
2016
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 20 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
Financials · financial year 2022, abbreviated format
Latest annual accounts filed
Annual accounts 2022
- Financial year ended
- 30-09-2022
- Filed on
- 21-04-2023
- Format
- abbreviated format
- Reference
- 2023-00062568
Turnover
≈ €750,000
Estimated: probably between €450,000 and €1.3m
Total assets
€615,652▲ 17.0%
2021 · €526,198
Net result
-€99,864▼ 101%
2021 · -€49,636
Working capital
-€34,708
2021 · €15,383
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result stays negative: a loss of €95,894 in 2022 against €45,748 in 2021; the loss grows and 2022 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€95,894
2022
Net result-€99,864
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€615,652
2022
Equity€125,081
2022
Debt€490,572
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€34,708
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)6.9
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€10,600-€21,592▲ 104%-€45,748-€95,894▼ 110%
Net result€10,576-€21,108▲ 99.6%-€49,636-€99,864▼ 101%
Equity€53,472-€74,581▲ 39.5%€224,945▲ 202%€125,081▼ 44.4%
Total assets€55,157-€75,005▲ 36.0%€526,198▲ 602%€615,652▲ 17.0%
Debt€1,685-€424▼ 74.8%€301,253▲ 711×€490,572▲ 62.8%
Working capital€53,472-€74,581▲ 39.5%€15,383▼ 79.4%-€34,708
Staff (FTE)9.66.9▼ 28.1%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €615,652
Fixed assets
€159,829 ▼ 23.7%
Current assets
€455,823 ▲ 44.0%
Equity and liabilities €615,652
Equity
€125,081 ▼ 44.4%
Debt
€490,572 ▲ 62.8%
Debt's share of the balance-sheet total rises from 57.3% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€43,520▼
2021 · -€20,090
Cash flow
-€47,490▼
2021 · -€23,978
Current ratio
0.93▼
2021 · 1.05
Quick ratio
0.69▼
2021 · 0.91
Debt to equity
3.92▲
2021 · 1.34
ROE
-79.8%▼
2021 · -22.1%
ROA
-16.2%▼
2021 · -9.4%
Interest coverage
-3.85▲
2021 · -5.27
Debt ≤ 1 year
€490,531▲
2021 · €301,253
Income taxes
€162▲
2021 · €73
Staff costs
€352,432▲
2021 · €179,683
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €179,683 | €352,432 | ▲ 96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €25,658 | €52,374 | ▲ 104% |
| Other operating charges640/8 | - | - | €6,557 | €8,898 | ▲ 35.7% |
| Gross operating margin9900 | €11,295 | €21,692 | €166,150 | €317,810 | ▲ 91.3% |
| Operating profit (loss)9901 | €10,600 | €21,592 | -€45,748 | -€95,894 | ▼ 110% |
| Financial income75/76B | - | - | - | €7,500 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Non-recurring financial income76B | - | - | - | €7,500 | - |
| Financial charges65/66B | - | - | €3,815 | €11,308 | ▲ 196% |
| Recurring financial charges65 | €24 | €60 | €3,815 | €11,308 | ▲ 196% |
| Profit (loss) for the period before taxes9903 | €10,576 | €21,532 | -€49,563 | -€99,702 | ▼ 101% |
| Income taxes67/77 | - | €424 | €73 | €162 | ▲ 121% |
| Profit (loss) for the period9904 | €10,576 | €21,108 | -€49,636 | -€99,864 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €10,576 | €21,108 | -€49,636 | -€99,864 | ▼ 101% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €55,157 | €75,005 | €526,198 | €615,652 | ▲ 17.0% |
| Fixed assets21/28 | - | - | €209,562 | €159,829 | ▼ 23.7% |
| Intangible fixed assets21 | - | - | €188,009 | €147,521 | ▼ 21.5% |
| Tangible fixed assets22/27 | - | - | €21,553 | €12,307 | ▼ 42.9% |
| Plant, machinery and equipment23 | - | - | €7,896 | €5,594 | ▼ 29.2% |
| Furniture and vehicles24 | - | - | €13,657 | €6,714 | ▼ 50.8% |
| Current assets29/58 | €55,157 | €75,005 | €316,636 | €455,823 | ▲ 44.0% |
| Stocks and contracts in progress3 | - | - | €43,849 | €117,991 | ▲ 169% |
| Stocks30/36 | - | - | €43,849 | €42,270 | ▼ 3.6% |
| Contracts in progress37 | - | - | - | €75,721 | - |
| Amounts receivable within one year40/41 | €6,446 | €0 | €247,466 | €253,913 | ▲ 2.6% |
| Trade receivables40 | - | - | €223,671 | €249,234 | ▲ 11.4% |
| Other amounts receivable41 | - | - | €23,795 | €4,680 | ▼ 80.3% |
| Cash at bank and in hand54/58 | €48,711 | €75,005 | €24,627 | €82,153 | ▲ 234% |
| Deferred charges and accrued income490/1 | - | - | €694 | €1,767 | ▲ 155% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €55,157 | €75,005 | €526,198 | €615,652 | ▲ 17.0% |
| Equity10/15 | €53,472 | €74,581 | €224,945 | €125,081 | ▼ 44.4% |
| Contributions10/11 | €61,500 | €61,500 | €261,500 | €261,500 | = |
| Capital10 | - | - | €261,500 | €261,500 | = |
| Issued capital100 | - | - | €261,500 | €261,500 | = |
| Reserves13 | €12,532 | €12,532 | €12,532 | €12,532 | = |
| Non-distributable reserves130/1 | - | - | €3,660 | €3,660 | = |
| Legal reserve130 | - | - | €3,660 | €3,660 | = |
| Distributable reserves133 | - | - | €8,872 | €8,872 | = |
| Profit (loss) carried forward14 | -€20,560 | €548 | -€49,088 | -€148,952 | ▼ 203% |
| Amounts payable17/49 | €1,685 | €424 | €301,253 | €490,572 | ▲ 62.8% |
| Amounts payable within one year42/48 | €1,685 | €424 | €301,253 | €490,531 | ▲ 62.8% |
| Financial debts43 | - | - | - | €10,515 | - |
| Credit institutions430/8 | - | - | - | €10,515 | - |
| Trade debts44 | €700 | €0 | €114,718 | €275,983 | ▲ 141% |
| Suppliers440/4 | - | - | €114,718 | €275,983 | ▲ 141% |
| Taxes, remuneration and social security45 | - | - | €36,536 | €54,032 | ▲ 47.9% |
| Taxes450/3 | - | - | €1,326 | €3,260 | ▲ 146% |
| Remuneration and social security454/9 | - | - | €35,210 | €50,772 | ▲ 44.2% |
| Other amounts payable47/48 | - | - | €150,000 | €150,000 | = |
| Accrued charges and deferred income492/3 | - | - | - | €41 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,576 | €21,108 | -€49,636 | -€99,864 | ▼ 101% |
| + Depreciation and write-downs630 | €0 | - | €25,658 | €52,374 | ▲ 104% |
| Operating cash flow (approximation) | €10,576 | €21,108 | -€23,978 | -€47,490 | ▼ 98.1% |
| Investment in fixed assets (approximation) | - | - | - | -€2,640 | - |
| Change in cash | - | €26,294 | -€50,378 | €57,526 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2022 | abbreviated format | 21-04-2023 | 2023-00062568 | |
| 30-09-2021 | abbreviated format | 20-04-2022 | 2022-20006748 | |
| 30-09-2020 | abbreviated format | 19-04-2021 | 2021-10800141 | |
| 30-09-2019 | abbreviated format | 22-04-2020 | 2020-09500416 | |
| 30-09-2018 | abbreviated format | 03-04-2019 | 2019-09400440 | |
| 30-09-2017 | abbreviated format | 20-03-2018 | 2018-07300306 | |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-08200383 | |
| 30-09-2015 | abbreviated format | 08-03-2016 | 2016-05900516 | |
| 30-09-2014 | abbreviated format | 14-04-2015 | 2015-09800165 | |
| 30-09-2013 | abbreviated format | 18-04-2014 | 2014-09500095 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €1,990 awarded · €1,799 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €191 | €0 |
| 2022 | 1 | €1,799 | €1,799 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
4 people, 0 in office
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| H2O Invest |
|
| MAJO INVEST |
|
| STERHOEK |
|
| STRUCTOMASSS |
|
Owners and capital
Owners
1 ownerChain of control
- H2O Invest
- STERHOEK
- PYLONEN DE KERF
- SIRO CONSTRUCT
Owners 1
-
100%
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 20-07-2023 ↗
- Hye all shares
Capital over the years
- 07-04-2023 Capital stated in the deed · €261,500 · 120 shares
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Opschortende voorwaarde voorgaande besluiten, goedkeuring fusievoorstel door buitengewone algemene vergadering overnemende vennootschap”
Articles of association, deed of 20-07-2023 (in Dutch)
Group and network
Part of the group
H2O Invest
12 companies
Group, risk and exposure
Shared directors
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
ARGEX
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GC INDUSTRIES
Shared corporate director
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NAVITEC
Shared corporate director
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Acquisitions and mergers
1 transactionTaken over by:HYE
History
Acts, filings and financial milestones
2023
20-07
Gazette deed
Restructuring · End & cessationResignations: H20 Invest NV, Sterhoek NV and 2 others · Permanent representatives: Kurt Vernimmen, Kristiaan Van den Houte and 2 others · Accounting effect22 facts ▸
Gazette deed
Restructuring · End & cessation
Resignations: H20 Invest NV, Sterhoek NV and 2 others · Permanent representatives: Kurt Vernimmen, Kristiaan Van den Houte and 2 others · Accounting effect22 facts ▸
- General meeting, 30-06-2023
- Other provision, “voorlegging,lezing en onderzoek fusievoorstel, voorzitter en ondergetekende notaris” (deed in Dutch)
- Accounting effect, 01-10-2022
- Other provision, “afstand tussentijdse cijfers, artikel 12:51,§2 laatst lid WWV” (deed in Dutch)
- Merger, “met fusie door overneming gelijkgestelde verrichting, onder algemene titel” (deed in Dutch)
- Shareholding, Hye
- Real estate
- Dissolution, “heden”, 30-06-2023 (deed in Dutch)
- Director resignation, H20 Invest NV (director)
- Director resignation, Sterhoek NV (director)
- Director resignation, Majo Invest BV (director)
- Director resignation, Structomass BV (director)
- +10 further facts in this act
21-04
financial year 2022 · abbreviated format
07-04
Gazette deed
Restructuring · MiscellaneousPermanent representatives: Kurt Vernimmen, Kris Van den Houte and 2 others · Merger · Name clause27 facts ▸
Gazette deed
Restructuring · Miscellaneous
Permanent representatives: Kurt Vernimmen, Kris Van den Houte and 2 others · Merger · Name clause27 facts ▸
- Merger, “artikel 12:50 Wetboek van vennootschappen en verenigingen, bestuursorganen van HYE en Siro Construct” (deed in Dutch)
- Name clause, Siro Construct
- Registered office clause, “Kerkstraat 225,9150 Kruibeke” (deed in Dutch)
- Other provision, 07-07-2009
- Other provision, 15-04-2021
- Capital, €261,500
- Other provision, “BE 0817.136.215, inschrijving” (deed in Dutch)
- Board composition, H20 Invest NV (lid bestuursorgaan) (2 times)
- Board composition, Sterhoek NV (lid bestuursorgaan)
- Board composition, Majo Invest BV (lid bestuursorgaan) (2 times)
- Board composition, Structomasss BV (lid bestuursorgaan) (2 times)
- Permanent representative, Kurt Vernimmen (2 times)
- +15 further facts in this act
2022
14-11
Gazette deed
Appointment: H20 Invest NV (managing director)Permanent representative: Kurt Vernimmen3 facts ▸
Gazette deed
Appointment: H20 Invest NV (managing director)
Permanent representative: Kurt Vernimmen3 facts ▸
- Board meeting, 05-07-2021
- Director appointment, H20 Invest NV (managing director)
- Permanent representative, Kurt Vernimmen
30-09
Financial
Weakest financial yearnet -€99,864
Net result drops to -€99,864, the lowest in the series.
20-04
financial year 2021 · abbreviated format
2021
30-09
Financial
Equity above €200,000equity €224,945 ▲202%
Equity rises from €74,581 to €224,945.
19-04
financial year 2020 · abbreviated format
2020
30-09
Financial
Highest result from 2019 to 2022net €21,108 ▲99.6%
Operating result €21,592, net result €21,108, both a record.
30-09
Financial
Liquidity more than 5 timescurrent ratio 176.91
Current ratio from 32.73 to 176.91; short-term debt falls from €1,685 to €424.
22-04
financial year 2019 · abbreviated format
2019
03-04
financial year 2018 · abbreviated format
Show earlier events
2018
20-03
financial year 2017 · abbreviated format
2017
29-03
financial year 2016 · abbreviated format
2016
08-03
financial year 2015 · abbreviated format
2015
14-04
financial year 2014 · abbreviated format
2014
18-04
financial year 2013 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Inactive
Absorbed by HYE in July 2023
SIRO CONSTRUCT is no longer in the KBO register: HYE took it over in a merger by absorption, published in the Belgian Official Gazette on 20 July 2023.
- Status
- Inactive
- Reason
- Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 20 July 2023 · act
- Absorbed by
- HYE · 0404.646.287
- Last annual accounts
- financial year to 30 September 2022
- Last registered office
- Kerkstraat, 225, 9150 Kruibekeas published on 20 July 2023
- Legal form
- Public limited company
- First annual accounts
- financial year 2010
Purpose, financial year and meetings according to the articles of association
- PurposeThe activities the company may carry out under its articles.
- “Het vervaardigen,leveren en plaatsen van metaalconstructies en metalen kunstwerken; Deze werkzaamheden omvatten ook montage en…”
6 activities
- Het vervaardigen,leveren en plaatsen van metaalconstructies en metalen kunstwerken.
- Deze werkzaamheden omvatten ook montage en demontagewerk,buis- en andere soortgelijke constructies.
- Algemene bouwondernemingen,in de ruimste zin genomen,waaronder begrepen het antwerpen en in eigenbouw vervaardigen van bouwwerken,het uitoefenen van het aannemingsbedrijf en het fabriceren van onderdelen voor bouwwerken,dit alles in de ruimste zin genomen.
- De vennootschap mag alle bewerkingen doen van industriële-,financiële-,roerende- of onroerende aard die kunnen bijdragen tot de verwezenlijking,de uitbreiding of de vergemakkelijking van haar voorwerp.
- Zij mag rechtstreeks of onrechtstreeks deelnemen in alle ondernemingen of vennootschappen die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in innige samenhang met het hare staat of die van aard zijn grondstoffen te verschaffen of de afzet van haar producten te vergemakkelijken.
- Zij mag filialen of bijkantoren in binnen- en buitenland oprichten.
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of March at 16:00
Articles of association, deed of 07-04-2023 (in Dutch)