SIROCO - SOL
ActiveSummary
SIROCO - SOL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.11M and a net result of €812k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 67% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+79
Solvency77▲+18
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 4.07 against 1.42 in 2024; short-term debt: 13.4% and cash: 25.8% of total assets), and 47.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · 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 · 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
52.4%
Return on assets
20.2%
Age of the figures
9 mo
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
29 d late
2023
57 d late
2022
32 d late
2021
30 d late
2020
37 d early
2019
7 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, micro schema
Equity
€2.11M▲ 62.5%
2024 · €1.30M
2018: €1.43M
2019: €1.43M
2020: €2.40M
2021: €2.37M
2022: €2.31M
2023: €2.16M
2024: €1.30M
2018 → 2025
Total assets
€4.03M▲ 6.0%
2024 · €3.80M
2018: €2.53M
2019: €2.52M
2020: €3.66M
2021: €4.40M
2022: €4.28M
2023: €4.05M
2024: €3.80M
2018 → 2025
Net result
€812k
2024 · €-125k
2018: €162k
2019: €7k
2020: €902k
2021: €-38k
2022: €-54k
2023: €-75k
2024: €-125k
2018 → 2025
Working capital
€1.66M▲ 201%
2024 · €551k
2018: €1.28M
2019: €1.31M
2020: €2.66M
2021: €1.97M
2022: €1.90M
2023: €1.73M
2024: €551k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.37M-€2.31M▼ 2.3%€2.16M▼ 6.7%€1.30M▼ 39.8%€2.11M▲ 62.5%
Operating result€-174k-€-176k▼ 0.9%€-198k▼ 12.2%€-222k▼ 12.2%€995k
Net result€-38k-€-54k▼ 42.3%€-75k▼ 39.6%€-125k▼ 65.6%€812k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €995k after a loss of €222k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.03M
Fixed assets
€1.83M ▼ 5.3%
Current assets
€2.20M ▲ 17.6%
Equity and liabilities €4.03M
Equity
€2.11M ▲ 62.5%
Provisions
€581k ▲ 100.0%
Debt
€1.34M ▼ 39.5%
Debt's share of the balance-sheet total falls from 58.2% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.10M▲
2024 · €-123k
Cash flow
€915k▲
2024 · €-26k
Current ratio
4.07▲
2024 · 1.42
Debt to equity
0.63▼
2024 · 1.70
ROE
38.5%▲
2024 · -9.6%
ROA
20.2%▲
2024 · -3.3%
Interest coverage
37.12▲
2024 · -6.53
Debt ≤ 1 year
€542k▼
2024 · €1.32M
Debt > 1 year
€794k▼
2024 · €888k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.80M€4.03M▲
Fixed assets21/28€1.93M€1.83M▼
Tangible fixed assets22/27€1.93M€1.83M▼
Land and buildings22€1.92M€1.83M▼
Plant, machinery and equipment23€10k-
Current assets29/58€1.87M€2.20M▲
Amounts receivable after more than one year29€732k€260k▼
Other amounts receivable291€732k€260k▼
Amounts receivable within one year40/41€1.12M€903k▼
Trade receivables40-€2k
Other amounts receivable41€1.12M€901k▼
Cash at bank and in hand54/58€22k€1.04M▲
Deferred charges and accrued income490/1€898€931▲
Equity and liabilities
Total equity and liabilities10/49€3.80M€4.03M▲
Equity10/15€1.30M€2.11M▲
Contributions10/11€250k€250k=
Reserves13€1.05M€1.86M▲
Tax-exempt reserves132€872k€1.74M▲
Distributable reserves133€176k€116k▼
Provisions and deferred taxes16€291k€581k▲
Deferred taxes168€291k€581k▲
Amounts payable17/49€2.21M€1.34M▼
Amounts payable after more than one year17€888k€794k▼
Financial debts170/4€888k€794k▼
Amounts payable within one year42/48€1.32M€542k▼
Current portion of amounts payable after more than one year42€93k€94k▲
Trade debts44€27k€31k▲
Suppliers440/4€27k€31k▲
Taxes, remuneration and social security45€312k€313k▲
Taxes450/3€312k€313k▲
Other amounts payable47/48€890k€103k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€103k▲
Other operating charges640/8€23k€25k▲
Gross operating margin9900€-100k€1.12M▲
Operating profit (loss)9901€-222k€995k▲
Financial income75/76B€99k€137k▲
Recurring financial income75€99k€137k▲
Financial charges65/66B€19k€30k▲
Recurring financial charges65€19k€30k▲
Profit (loss) for the period before taxes9903€-142k€1.10M▲
Transfer from deferred taxes780€329k€20k▼
Transfer to deferred taxes680-€310k
Income taxes67/77€312k-
Profit (loss) for the period9904€-125k€812k▲
Transfer from tax-exempt reserves789€986k€59k▼
Transfer to tax-exempt reserves689-€931k
Profit (loss) for the period to be appropriated9905€861k€-60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€861k€-60k▼
Transfer from equity791/2-€60k
Transfer to equity691/2€129k-
To other reserves6921€129k-
Profit to be distributed694/7€732k-
Return on contributions (dividend)694€732k-
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €812k
Net result €812k after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.07
Current ratio from 1.42 to 4.07; short-term debt falls from €1.32M to €542k.
31-12
Financial
Equity above €2MEq €2.11M ▲62.5%
Equity rises from €1.30M to €2.11M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-125k
Net result drops to €-125k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €902k ▲13,312%
Operating result €1.20M, net result €902k, both a record.
31-12
Financial
Equity above €2MEq €2.40M ▲67.6%
3 profitable years in a row build equity to €2.40M.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
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.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Bonheiden
Ground area
3,055 m²
Building footprint
186 m²
Volume, LiDAR
734 m³
Parcel 12031B0069/00G000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0069/00G000 | Flanders | 3,055 m² | 1 · 186 m² | 5.7 m · 1 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.
Similar companies · same sector, comparable size
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AMBALL
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MEIBOOM 16-18
BE 0536.214.614
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STEMAR FACILITIES
BE 0540.838.049
Vilvoorde · Eq €2,114,786
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,574 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
Founded18-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.