SIROWA
ActiveSummary
SIROWA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90,057 and a net result of €35,574. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+26
Solvency90▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.01 against 3.13 in 2023; short-term debt: 18.6% and cash: 17.4% of total assets), and 35.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 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
not confirmed
2024
43 d late
2023
21 d late
2022
72 d late
2021
143 d late
2020
130 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 94 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€90,057▲ 65.3%
2023 · €54,482
Total assets
€139,528▲ 57.4%
2023 · €88,650
Net result
€35,574▲ 873%
2023 · €3,654
Working capital
€78,243▲ 34.0%
2023 · €58,389
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32,895▲ 240%€10,971▼ 66.6%-€5,312€5,257€53,006▲ 908%
Net result€25,210within the sector's middle half▲ 232%€3,824below the sector's middle half▼ 84.8%-€5,602below the sector's middle half€3,654below the sector's middle half€35,574within the sector's middle half▲ 873%
Equity€52,606below the sector's middle half▲ 92.0%€56,430below the sector's middle half▲ 7.3%€50,828below the sector's middle half▼ 9.9%€54,482within the sector's middle half▲ 7.2%€90,057within the sector's middle half▲ 65.3%
Total assets€72,538below the sector's middle half▲ 43.7%€76,661below the sector's middle half▲ 5.7%€70,423below the sector's middle half▼ 8.1%€88,650below the sector's middle half▲ 25.9%€139,528within the sector's middle half▲ 57.4%
Debt€19,932▼ 13.6%€20,230▲ 1.5%€19,595▼ 3.1%€34,168▲ 74.4%€49,471▲ 44.8%
Working capital€47,652▲ 116%€51,877▲ 8.9%€46,636▼ 10.1%€58,389▲ 25.2%€78,243▲ 34.0%
Solvency72.5%within the sector's middle half▲ 18.2pp73.6%within the sector's middle half▲ 1.1pp72.2%within the sector's middle half▼ 1.4pp61.5%within the sector's middle half▼ 10.7pp64.5%within the sector's middle half▲ 3.1pp
Staff (FTE)0.1below the sector's middle half=1▲ 900%1.1▲ 10.0%1▼ 9.1%0.3▼ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 908% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139,528
Fixed assets
€35,305 ▲ 1,129%
Current assets
€104,222 ▲ 21.5%
Equity and liabilities €139,528
Equity
€90,057 ▲ 65.3%
Debt
€49,471 ▲ 44.8%
Debt's share of the balance-sheet total falls from 38.5% to 35.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59,415▲
2023 · €8,883
Cash flow
€41,984▲
2023 · €7,280
Current ratio
4.01▲
2023 · 3.13
Debt to equity
0.55▼
2023 · 0.63
ROE
39.5%▲
2023 · 6.7%
ROA
25.5%▲
2023 · 4.1%
Interest coverage
39.67▼
2023 · 49.65
Debt ≤ 1 year
€25,979▼
2023 · €27,389
Debt > 1 year
€23,492
Income taxes
€15,934▲
2023 · €1,424
Staff costs
€4,367▼
2023 · €56,050
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €24,525 | €47,984 | €56,050 | €4,367 | ▼ 92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,490 | €3,490 | €3,615 | €3,626 | €6,410 | ▲ 76.8% |
| Other operating charges640/8 | - | €390 | €459 | €1,477 | €1,947 | ▲ 31.9% |
| Gross operating margin9900 | €38,464 | €39,376 | €46,745 | €66,409 | €65,730 | ▼ 1.0% |
| Operating profit (loss)9901 | €32,895 | €10,971 | -€5,312 | €5,257 | €53,006 | ▲ 908% |
| Financial income75/76B | - | - | €1 | €0 | €0 | ▲ 100% |
| Recurring financial income75 | - | - | €1 | €0 | €0 | ▲ 100% |
| Financial charges65/66B | - | €162 | €171 | €179 | €1,498 | ▲ 737% |
| Recurring financial charges65 | €335 | €162 | €171 | €179 | €1,498 | ▲ 737% |
| Profit (loss) for the period before taxes9903 | €32,560 | €10,809 | -€5,483 | €5,078 | €51,508 | ▲ 914% |
| Income taxes67/77 | €7,350 | €6,985 | €120 | €1,424 | €15,934 | ▲ 1,019% |
| Profit (loss) for the period9904 | €25,210 | €3,824 | -€5,602 | €3,654 | €35,574 | ▲ 873% |
| Profit (loss) for the period to be appropriated9905 | €25,210 | €3,824 | -€5,602 | €3,654 | €35,574 | ▲ 873% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,538 | €76,661 | €70,423 | €88,650 | €139,528 | ▲ 57.4% |
| Fixed assets21/28 | €13,195 | €9,705 | €6,498 | €2,872 | €35,305 | ▲ 1,129% |
| Tangible fixed assets22/27 | €13,126 | €9,636 | €6,428 | €2,803 | €35,236 | ▲ 1,157% |
| Furniture and vehicles24 | - | €9,636 | €6,428 | €2,803 | €35,236 | ▲ 1,157% |
| Financial fixed assets28 | €69 | €69 | €69 | €69 | €69 | = |
| Current assets29/58 | €59,343 | €66,955 | €63,925 | €85,778 | €104,222 | ▲ 21.5% |
| Amounts receivable after more than one year29 | - | €15,186 | €15,186 | €15,186 | €15,186 | = |
| Other amounts receivable291 | - | €15,186 | €15,186 | €15,186 | €15,186 | = |
| Amounts receivable within one year40/41 | €29,001 | €39,214 | €46,394 | €55,960 | €63,433 | ▲ 13.4% |
| Trade receivables40 | - | - | - | €7,777 | €8,749 | ▲ 12.5% |
| Other amounts receivable41 | - | €39,214 | €46,394 | €48,183 | €54,684 | ▲ 13.5% |
| Cash at bank and in hand54/58 | €14,324 | €11,378 | €1,280 | €13,769 | €24,274 | ▲ 76.3% |
| Deferred charges and accrued income490/1 | - | €1,177 | €1,065 | €863 | €1,330 | ▲ 54.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,538 | €76,661 | €70,423 | €88,650 | €139,528 | ▲ 57.4% |
| Equity10/15 | €52,606 | €56,430 | €50,828 | €54,482 | €90,057 | ▲ 65.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €5,510 | €40,510 | ▲ 635% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €5,510 | €40,510 | ▲ 635% |
| Profit (loss) carried forward14 | €32,146 | €35,970 | €30,368 | €30,372 | €30,947 | ▲ 1.9% |
| Amounts payable17/49 | €19,932 | €20,230 | €19,595 | €34,168 | €49,471 | ▲ 44.8% |
| Amounts payable after more than one year17 | €8,242 | €5,152 | €2,306 | - | €23,492 | - |
| Financial debts170/4 | - | €5,152 | €2,306 | - | €23,492 | - |
| Amounts payable within one year42/48 | €11,690 | €15,078 | €17,289 | €27,389 | €25,979 | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | - | €3,206 | €3,044 | €2,306 | €5,596 | ▲ 143% |
| Trade debts44 | €1 | €1 | €5,585 | €1,436 | €2,871 | ▲ 100.0% |
| Suppliers440/4 | - | €1 | €5,585 | €1,436 | €2,871 | ▲ 100.0% |
| Taxes, remuneration and social security45 | - | €11,872 | €8,661 | €23,647 | €17,512 | ▼ 25.9% |
| Taxes450/3 | - | €11,872 | €4,965 | €10,114 | €14,434 | ▲ 42.7% |
| Remuneration and social security454/9 | - | - | €3,696 | €13,533 | €3,079 | ▼ 77.3% |
| Accrued charges and deferred income492/3 | - | - | - | €6,779 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,210 | €3,824 | -€5,602 | €3,654 | €35,574 | ▲ 873% |
| + Depreciation and write-downs630 | €3,490 | €3,490 | €3,615 | €3,626 | €6,410 | ▲ 76.8% |
| Operating cash flow (approximation) | €28,700 | €7,314 | -€1,988 | €7,280 | €41,984 | ▲ 477% |
| Investment in fixed assets (approximation) | - | €0 | -€407 | €0 | -€38,843 | - |
| Change in cash | - | -€2,945 | -€10,098 | €12,489 | €10,505 | ▼ 15.9% |
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
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-12
Financial
Highest result since 2018net €35,574 ▲873%
Operating result €53,006, net result €35,574, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €3,654
Net result €3,654 after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
2022
31-12
Financial
Weakest financial yearnet -€5,602
Net result drops to -€5,602, the lowest in the series; recovery starts the following year.
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 130 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 135 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2009
Ground area
1,663 m²
Building footprint
644 m²
Volume, LiDAR
6,728 m³
Parcel 25083F0162/00K000, Wallonia · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Avenue des Villas 59, 1340 Ottignies-Louvain-la-Neuve
since 20092.241.041.082
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083F0162/00K000 | Wallonia | 1,663 m² | 1 · 644 m² | 14.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,993 companies in sector 86940 we hold annual accounts for 1,807. 1,551 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
Founded17-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
86940Nursing and midwifery
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.