SIROCO
ActiveSummary
SIROCO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €514,309 and a net result of -€37,736. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 78% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-34
Solvency94▼-3
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.78 against 3.16 in 2024; short-term debt: 21.2% and cash: 26.3% of total assets), and 30.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 -€37,736
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
13 d late
2022
21 d late
2021
12 d late
2020
20 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€37,736▼ 11,750%
2024 · -€318
Working capital
€280,110▼ 4.4%
2024 · €293,100
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€132,899▲ 126%€163,742▲ 23.2%-€3,368€10,063-€34,599
Net result€92,170▲ 152%€93,035▲ 0.9%-€6,233-€318▲ 94.9%-€37,736▼ 11,750%
Equity€522,705▲ 7.2%€558,597▲ 6.9%€552,363▼ 1.1%€552,045▼ 0.1%€514,309▼ 6.8%
Total assets€844,665▲ 2.0%€734,349▼ 13.1%€675,275▼ 8.0%€761,622▲ 12.8%€741,426▼ 2.7%
Debt€321,960▼ 5.5%€175,752▼ 45.4%€122,912▼ 30.1%€209,577▲ 70.5%€227,117▲ 8.4%
Working capital€183,990▲ 17.0%€244,230▲ 32.7%€265,042▲ 8.5%€293,100▲ 10.6%€280,110▼ 4.4%
Staff (FTE)6.66.6=
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34,599 after €10,063 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €741,426
Fixed assets
€304,115 ▼ 8.6%
Current assets
€437,311 ▲ 2.0%
Equity and liabilities €741,426
Equity
€514,309 ▼ 6.8%
Debt
€227,117 ▲ 8.4%
Debt's share of the balance-sheet total rises from 27.5% to 30.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,360▼
2024 · €54,026
Cash flow
€9,223▼
2024 · €43,644
Current ratio
2.78▼
2024 · 3.16
Quick ratio
2.39▼
2024 · 2.60
Debt to equity
0.44▲
2024 · 0.38
ROE
-7.3%▼
2024 · -0.1%
ROA
-5.1%▼
2024 · 0.0%
Interest coverage
0.96▼
2024 · 4.26
Debt ≤ 1 year
€157,201▲
2024 · €135,835
Debt > 1 year
€69,916▼
2024 · €73,742
Income taxes
-€312▼
2024 · €13,183
Staff costs
€403,414▲
2024 · €391,874
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,163 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €322,604 | €331,638 | €397,621 | €391,874 | €403,414 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,257 | €52,808 | €52,519 | €43,962 | €46,959 | ▲ 6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8,132 | €18,478 | - | - |
| Other operating charges640/8 | €10,550 | €9,860 | €13,361 | €33,206 | €12,931 | ▼ 61.1% |
| Gross operating margin9900 | €528,310 | €558,048 | €468,266 | €497,584 | €428,704 | ▼ 13.8% |
| Operating profit (loss)9901 | €132,899 | €163,742 | -€3,368 | €10,063 | -€34,599 | ▼ 444% |
| Financial income75/76B | €11,742 | €14,837 | €15,479 | €15,492 | €9,384 | ▼ 39.4% |
| Recurring financial income75 | €11,742 | €14,837 | €15,479 | €15,492 | €5,804 | ▼ 62.5% |
| Non-recurring financial income76B | - | - | - | - | €3,580 | - |
| Financial charges65/66B | €10,291 | €38,349 | €10,790 | €12,692 | €12,833 | ▲ 1.1% |
| Recurring financial charges65 | €10,291 | €38,349 | €10,790 | €12,692 | €12,833 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | €134,350 | €140,230 | €1,322 | €12,864 | -€38,048 | ▼ 396% |
| Income taxes67/77 | €42,180 | €47,195 | €7,555 | €13,183 | -€312 | ▼ 102% |
| Profit (loss) for the period9904 | €92,170 | €93,035 | -€6,233 | -€318 | -€37,736 | ▼ 11,750% |
| Profit (loss) for the period to be appropriated9905 | €92,170 | €93,035 | -€6,233 | -€318 | -€37,736 | ▼ 11,750% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €844,665 | €734,349 | €675,275 | €761,622 | €741,426 | ▼ 2.7% |
| Fixed assets21/28 | €365,504 | €314,979 | €305,475 | €332,687 | €304,115 | ▼ 8.6% |
| Tangible fixed assets22/27 | €365,504 | €314,979 | €305,475 | €332,687 | €304,115 | ▼ 8.6% |
| Land and buildings22 | €245,246 | €221,837 | €202,604 | €183,372 | €172,051 | ▼ 6.2% |
| Plant, machinery and equipment23 | €40,406 | €33,831 | €37,667 | €30,111 | €22,347 | ▼ 25.8% |
| Furniture and vehicles24 | €77,853 | €57,511 | €63,604 | €117,804 | €81,041 | ▼ 31.2% |
| Leasing and similar rights25 | €2,000 | €1,800 | €1,600 | €1,400 | €28,676 | ▲ 1,949% |
| Current assets29/58 | €479,161 | €419,370 | €369,800 | €428,935 | €437,311 | ▲ 2.0% |
| Stocks and contracts in progress3 | €56,463 | €51,367 | €77,139 | €75,917 | €62,252 | ▼ 18.0% |
| Stocks30/36 | €56,463 | €51,367 | €77,139 | €75,917 | €62,252 | ▼ 18.0% |
| Amounts receivable within one year40/41 | €142,682 | €195,479 | €201,550 | €162,848 | €170,134 | ▲ 4.5% |
| Trade receivables40 | €136,556 | €186,079 | €201,550 | €144,997 | €95,564 | ▼ 34.1% |
| Other amounts receivable41 | €6,126 | €9,400 | - | €17,851 | €74,571 | ▲ 318% |
| Cash at bank and in hand54/58 | €280,015 | €172,523 | €91,111 | €190,169 | €195,247 | ▲ 2.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €9,678 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €844,665 | €734,349 | €675,275 | €761,622 | €741,426 | ▼ 2.7% |
| Equity10/15 | €522,705 | €558,597 | €552,363 | €552,045 | €514,309 | ▼ 6.8% |
| Contributions10/11 | €37,200 | €37,200 | €37,200 | €37,200 | €37,200 | = |
| Reserves13 | €16,860 | €16,860 | €16,860 | €16,860 | €500,000 | ▲ 2,866% |
| Non-distributable reserves130/1 | €3,720 | €3,720 | €3,720 | - | €500,000 | - |
| Financial assistance1313 | - | - | - | - | €500,000 | - |
| Other1319 | €3,720 | €3,720 | €3,720 | - | - | - |
| Tax-exempt reserves132 | €13,140 | €13,140 | €13,140 | - | - | - |
| Distributable reserves133 | - | - | - | €16,860 | - | - |
| Profit (loss) carried forward14 | €468,645 | €504,537 | €498,304 | €497,985 | -€22,891 | ▼ 105% |
| Amounts payable17/49 | €321,960 | €175,752 | €122,912 | €209,577 | €227,117 | ▲ 8.4% |
| Amounts payable after more than one year17 | €26,789 | €612 | €18,154 | €73,742 | €69,916 | ▼ 5.2% |
| Financial debts170/4 | €26,789 | €612 | €18,154 | €73,742 | €69,916 | ▼ 5.2% |
| Amounts payable within one year42/48 | €295,171 | €175,140 | €104,758 | €135,835 | €157,201 | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | €76,857 | €26,178 | €49,174 | €25,269 | €33,328 | ▲ 31.9% |
| Financial debts43 | €100,000 | - | - | - | - | - |
| Credit institutions430/8 | €100,000 | - | - | - | - | - |
| Trade debts44 | €35,547 | €26,615 | €27,689 | €61,846 | €9,160 | ▼ 85.2% |
| Suppliers440/4 | €35,547 | €26,615 | €27,689 | €61,846 | €9,160 | ▼ 85.2% |
| Advances received on contracts in progress46 | - | - | - | - | €80,714 | - |
| Taxes, remuneration and social security45 | €42,743 | €82,323 | €27,871 | €48,696 | €33,999 | ▼ 30.2% |
| Taxes450/3 | €24,393 | €70,518 | €8,668 | €20,051 | €12,870 | ▼ 35.8% |
| Remuneration and social security454/9 | €18,350 | €11,805 | €19,203 | €28,645 | €21,129 | ▼ 26.2% |
| Other amounts payable47/48 | €40,024 | €40,024 | €24 | €24 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,170 | €93,035 | -€6,233 | -€318 | -€37,736 | ▼ 11,750% |
| + Depreciation and write-downs630 | €62,257 | €52,808 | €52,519 | €43,962 | €46,959 | ▲ 6.8% |
| Operating cash flow (approximation) | €154,427 | €145,843 | €46,286 | €43,644 | €9,223 | ▼ 78.9% |
| Investment in fixed assets (approximation) | - | -€2,283 | -€43,015 | -€71,174 | -€18,387 | ▲ 74.2% |
| Change in cash | - | -€107,492 | -€81,413 | €99,059 | €5,077 | ▼ 94.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€37,736
Net result drops to -€37,736, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Highest result since 2018net €93,035 ▲0.9%
Operating result €163,742, net result €93,035, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Equity above €500,000Eq €522,705 ▲7.2%
3 profitable years in a row build equity to €522,705.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €11,537
Net result €11,537 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 16 days late
2018
19-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 19 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Marche-en-Famenne · 1 establishment unit since 2002
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.
Marche,Boucle de la Famenne 166900 Marche-en-Famenne1 establishment unit
SIROCO
since 20022.094.766.171
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Of 489 companies in sector 43343 we hold annual accounts for 294. 224 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43343Specialised construction activities
23120Manufacture of other non-metallic mineral products
Scores and ratios are computed by Checked and are not a credit decision.