SIRODO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 9 filings
Turnover
≈ €76,000
Estimated: probably between €44,000 and €110,000
Total assets
€137,509▲ 14.3%
2024 · €120,280
Net result
€14,955▼ 20.3%
2024 · €18,767
Working capital
-€36,533▲ 1.6%
2024 · -€37,144
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€25,189
▼ 16.5%
2025
20182025
Net result
€14,955
▼ 20.3%
2025
middle half of the sector
20182025
Equity
€64,479
▲ 30.2%
2025
middle half of the sector
20182025
Total assets
€137,509
▲ 14.3%
2025
middle half of the sector
20182025
Debt
€73,030
▲ 3.2%
2025
20182025
Working capital
-€36,533
▲ 1.6%
2025
lowest quarter of the sector
20182025
Solvency
46.9%
▲ 5.7pp
2025
middle half of the sector
20182025
Current ratio
0.16
▲ 0.10
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
10.9%
▼ 4.7pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€25,366-€9,791▼ 61.4%-€7,136€9,559€8,854▼ 7.4%€175▼ 98.0%€30,157▲ 173×€25,189▼ 16.5%
Net result€32,010-€4,077▼ 87.3%-€9,644below the sector's middle half€3,710within the sector's middle half€2,752within the sector's middle half▼ 25.8%-€3,044below the sector's middle half€18,767within the sector's middle half€14,955within the sector's middle half▼ 20.3%
Equity€32,906-€36,983▲ 12.4%€27,338within the sector's middle half▼ 26.1%€31,049within the sector's middle half▲ 13.6%€33,801within the sector's middle half▲ 8.9%€30,757within the sector's middle half▼ 9.0%€49,524within the sector's middle half▲ 61.0%€64,479within the sector's middle half▲ 30.2%
Total assets€68,440-€82,034▲ 19.9%€66,976below the sector's middle half▼ 18.4%€118,911within the sector's middle half▲ 77.5%€119,180within the sector's middle half▲ 0.2%€114,953within the sector's middle half▼ 3.5%€120,280within the sector's middle half▲ 4.6%€137,509within the sector's middle half▲ 14.3%
Debt€35,534-€45,051▲ 26.8%€39,638▼ 12.0%€87,862▲ 122%€85,379▼ 2.8%€84,196▼ 1.4%€70,756▼ 16.0%€73,030▲ 3.2%
Working capital-€2,336-€4,371-€8,588below the sector's middle half-€23,044below the sector's middle half▼ 168%-€30,202below the sector's middle half▼ 31.1%-€42,686below the sector's middle half▼ 41.3%-€37,144below the sector's middle half▲ 13.0%-€36,533below the sector's middle half▲ 1.6%
Solvency48.1%-45.1%▼ 3.0pp40.8%within the sector's middle half▼ 4.3pp26.1%within the sector's middle half▼ 14.7pp28.4%within the sector's middle half▲ 2.3pp26.8%within the sector's middle half▼ 1.6pp41.2%within the sector's middle half▲ 14.4pp46.9%within the sector's middle half▲ 5.7pp
Current ratio0.84-1.20▲ 0.350.57below the sector's middle half▼ 0.630.24below the sector's middle half▼ 0.330.20below the sector's middle half▼ 0.050.08below the sector's middle half▼ 0.120.06below the sector's middle half▼ 0.020.16below the sector's middle half▲ 0.10
Return on assets (ROA)46.8%-5.0%▼ 41.8pp-14.4%below the sector's middle half▼ 19.4pp3.1%within the sector's middle half▲ 17.5pp2.3%within the sector's middle half▼ 0.8pp-2.6%below the sector's middle half▼ 5.0pp15.6%within the sector's middle half▲ 18.3pp10.9%within the sector's middle half▼ 4.7pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 16% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,509
Fixed assets
€130,661 ▲ 10.7%
Current assets
€6,848 ▲ 209%
Equity and liabilities €137,509
Equity
€64,479 ▲ 30.2%
Debt
€73,030 ▲ 3.2%
Debt's share of the balance-sheet total falls from 58.8% to 53.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25,860▼
2024 · €30,452
Cash flow
€15,625▼
2024 · €19,062
Debt to equity
1.13▼
2024 · 1.43
ROE
23.2%▼
2024 · 37.9%
Interest coverage
6.33▼
2024 · 7.96
Debt ≤ 1 year
€43,381▲
2024 · €39,363
Debt > 1 year
€27,161▼
2024 · €29,255
Income taxes
€6,147▼
2024 · €7,673
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 | €389 | €653 | - | - | €13,269 |
| Financial fixed assets | €55,869 | - | - | €7,063 | - |
| Depreciation and write-downs of the year | €314 | €384 | €412 | €295 | €670 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €764 | €454 | €495 | €314 | €384 | €412 | €295 | €670 | ▲ 127% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €387 | = |
| Gross operating margin9900 | €26,129 | €10,592 | -€6,293 | €10,220 | €9,586 | €972 | €30,839 | €26,247 | ▼ 14.9% |
| Operating profit (loss)9901 | €25,366 | €9,791 | -€7,136 | €9,559 | €8,854 | €175 | €30,157 | €25,189 | ▼ 16.5% |
| Financial income75/76B | - | - | - | €123 | €144 | €173 | €109 | €0 | ▼ 100.0% |
| Recurring financial income75 | €17,028 | €0 | - | €123 | €144 | €173 | €109 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €5,177 | €3,120 | €2,293 | €3,826 | €4,088 | ▲ 6.8% |
| Recurring financial charges65 | €1,634 | €2,426 | €2,333 | €5,177 | €3,120 | €2,293 | €3,826 | €4,088 | ▲ 6.8% |
| Profit (loss) for the period before taxes9903 | €40,760 | €7,365 | -€9,469 | €4,504 | €5,877 | -€1,945 | €26,440 | €21,101 | ▼ 20.2% |
| Income taxes67/77 | €8,750 | €3,288 | €175 | €794 | €3,125 | €1,100 | €7,673 | €6,147 | ▼ 19.9% |
| Profit (loss) for the period9904 | €32,010 | €4,077 | -€9,644 | €3,710 | €2,752 | -€3,044 | €18,767 | €14,955 | ▼ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €32,010 | €4,077 | -€9,644 | €3,710 | €2,752 | -€3,044 | €18,767 | €14,955 | ▼ 20.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €68,440 | €82,034 | €66,976 | €118,911 | €119,180 | €114,953 | €120,280 | €137,509 | ▲ 14.3% |
| Fixed assets21/28 | €55,724 | €55,664 | €55,493 | €111,438 | €111,706 | €111,294 | €118,062 | €130,661 | ▲ 10.7% |
| Tangible fixed assets22/27 | €645 | €585 | €414 | €490 | €758 | €346 | €51 | €12,650 | ▲ 247× |
| Furniture and vehicles24 | - | - | - | €490 | €758 | €346 | €51 | €6,209 | ▲ 121× |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €6,441 | - |
| Financial fixed assets28 | €55,079 | €55,079 | €55,079 | €110,948 | €110,948 | €110,948 | €118,011 | €118,011 | = |
| Current assets29/58 | €12,715 | €26,370 | €11,483 | €7,473 | €7,473 | €3,659 | €2,218 | €6,848 | ▲ 209% |
| Amounts receivable within one year40/41 | €10,637 | €15,000 | €8,605 | €7,473 | €7,473 | €2,973 | - | - | - |
| Trade receivables40 | - | - | - | €5,000 | €5,000 | €500 | - | - | - |
| Other amounts receivable41 | - | - | - | €2,473 | €2,473 | €2,473 | - | - | - |
| Cash at bank and in hand54/58 | €1,773 | €11,370 | €2,878 | - | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €685 | €2,218 | €6,848 | ▲ 209% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €68,440 | €82,034 | €66,976 | €118,911 | €119,180 | €114,953 | €120,280 | €137,509 | ▲ 14.3% |
| Equity10/15 | €32,906 | €36,983 | €27,338 | €31,049 | €33,801 | €30,757 | €49,524 | €64,479 | ▲ 30.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,340 | €1,550 | €1,550 | €1,550 | €1,550 | €1,550 | €1,550 | €1,550 | = |
| Non-distributable reserves130/1 | - | - | - | €1,550 | €1,550 | €1,550 | €1,550 | €1,550 | = |
| Reserves not available under the articles1311 | - | - | - | €1,550 | €1,550 | €1,550 | €1,550 | €1,550 | = |
| Profit (loss) carried forward14 | €25,366 | €29,233 | €19,588 | €23,299 | €26,051 | €23,007 | €41,774 | €56,729 | ▲ 35.8% |
| Amounts payable17/49 | €35,534 | €45,051 | €39,638 | €87,862 | €85,379 | €84,196 | €70,756 | €73,030 | ▲ 3.2% |
| Amounts payable after more than one year17 | €19,958 | €22,529 | €19,217 | €56,645 | €46,653 | €36,451 | €29,255 | €27,161 | ▼ 7.2% |
| Financial debts170/4 | - | - | - | €56,645 | €46,653 | €36,451 | €29,255 | €27,161 | ▼ 7.2% |
| Amounts payable within one year42/48 | €15,052 | €21,999 | €20,071 | €30,517 | €37,675 | €46,344 | €39,363 | €43,381 | ▲ 10.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,785 | €9,992 | €10,202 | €7,196 | €10,190 | ▲ 41.6% |
| Financial debts43 | - | - | - | €5,051 | €5,147 | €3,732 | €3,272 | €1,506 | ▼ 54.0% |
| Credit institutions430/8 | - | - | - | €5,051 | €5,147 | €3,732 | €3,272 | €1,506 | ▼ 54.0% |
| Trade debts44 | €1,867 | €2,074 | €1,433 | €4,466 | €6,991 | €4,786 | €226 | €2,420 | ▲ 973% |
| Suppliers440/4 | - | - | - | €4,466 | €6,991 | €4,786 | €226 | €2,420 | ▲ 973% |
| Taxes, remuneration and social security45 | - | - | - | €969 | €3,919 | €4,224 | €10,724 | €13,920 | ▲ 29.8% |
| Taxes450/3 | - | - | - | €969 | €3,919 | €4,224 | €10,724 | €13,920 | ▲ 29.8% |
| Other amounts payable47/48 | - | - | - | €10,246 | €11,627 | €23,400 | €17,945 | €15,345 | ▼ 14.5% |
| Accrued charges and deferred income492/3 | - | - | - | €700 | €1,050 | €1,400 | €2,138 | €2,488 | ▲ 16.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,010 | €4,077 | -€9,644 | €3,710 | €2,752 | -€3,044 | €18,767 | €14,955 | ▼ 20.3% |
| + Depreciation and write-downs630 | €764 | €454 | €495 | €314 | €384 | €412 | €295 | €670 | ▲ 127% |
| Operating cash flow (approximation) | €32,774 | €4,531 | -€9,149 | €4,024 | €3,137 | -€2,632 | €19,062 | €15,625 | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | -€393 | -€325 | -€56,258 | -€653 | €0 | -€7,063 | -€13,269 | ▼ 87.9% |
| Change in cash | - | €9,597 | -€8,492 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00257029 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00343453 | |
| 31-12-2023 | micro format | 15-08-2024 | 2024-00346190 | |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00326763 | |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20296494 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-35900329 | |
| 31-12-2019 | micro format | 19-10-2020 | 2020-61800077 | |
| 31-12-2018 | micro format | 13-08-2019 | 2019-45600059 | |
| 31-12-2017 | micro format | 22-06-2018 | 2018-21000437 |