SIRRAH
ActiveSummary
SIRRAH has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65,393 and a net result of -€1,086. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 93% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▲+9
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 8.33 against 5.11 in 2023; short-term debt: 11.4% and cash: 85.3% of total assets), and 11.4% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.6%
Return on assets
-1.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
70 d late
2023
68 d late
2022
73 d late
2021
47 d late
2020
30 d late
2019
54 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 57 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
2023 · €0
Total assets
€73,766▼ 9.7%
2023 · €81,671
Net result
-€1,086▼ 118%
2023 · -€499
Working capital
€61,345▼ 1.7%
2023 · €62,431
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Turnover€0€0€0
Operating result€2,226▼ 69.4%€4,381▲ 96.8%€3,974▼ 9.3%€308▼ 92.2%-€1,035
Net result€1,180within the sector's middle half▼ 70.9%€3,148within the sector's middle half▲ 167%€2,417within the sector's middle half▼ 23.2%-€499within the sector's middle half-€1,086within the sector's middle half▼ 118%
Equity€61,413within the sector's middle half▼ 44.2%€64,561within the sector's middle half▲ 5.1%€66,978within the sector's middle half▲ 3.7%€66,479within the sector's middle half▼ 0.7%€65,393within the sector's middle half▼ 1.6%
Total assets€137,741within the sector's middle half▲ 5.3%€87,947within the sector's middle half▼ 36.2%€139,607within the sector's middle half▲ 58.7%€81,671within the sector's middle half▼ 41.5%€73,766within the sector's middle half▼ 9.7%
Debt€76,328▲ 268%€23,387▼ 69.4%€72,628▲ 211%€15,192▼ 79.1%€8,374▼ 44.9%
Working capital€54,626within the sector's middle half▼ 45.9%€59,482within the sector's middle half▲ 8.9%€62,589within the sector's middle half▲ 5.2%€62,431within the sector's middle half▼ 0.3%€61,345within the sector's middle half▼ 1.7%
Solvency44.6%within the sector's middle half▼ 39.6pp73.4%above the sector's middle half▲ 28.8pp48.0%within the sector's middle half▼ 25.4pp81.4%above the sector's middle half▲ 33.4pp88.6%above the sector's middle half▲ 7.2pp
Current ratio1.72within the sector's middle half▼ 4.153.54above the sector's middle half▲ 1.831.86within the sector's middle half▼ 1.685.11above the sector's middle half▲ 3.258.33above the sector's middle half▲ 3.22
Return on assets (ROA)0.9%within the sector's middle half▼ 2.2pp3.6%within the sector's middle half▲ 2.7pp1.7%within the sector's middle half▼ 1.8pp-0.6%within the sector's middle half▼ 2.3pp-1.5%within the sector's middle half▼ 0.9pp
Staff (FTE)0.7below the sector's middle half=0.6▼ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result turns negative in 2024: a loss of €1,035 after €308 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €73,766
Fixed assets
€4,048 =
Current assets
€69,718 ▼ 10.2%
Equity and liabilities €73,766
Equity
€65,393 ▼ 1.6%
Debt
€8,374 ▼ 44.9%
Debt's share of the balance-sheet total falls from 18.6% to 11.4%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.13▼
2023 · 0.23
ROE
-1.7%▼
2023 · -0.8%
Debt ≤ 1 year
€8,374▼
2023 · €15,192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | €0 | €0 | - |
| Remuneration, social security and pensions62 | - | €3,628 | -€64 | €98 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,358 | €1,708 | €690 | €341 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,000 | - |
| Other operating charges640/8 | - | €508 | €348 | €1,016 | €437 | ▼ 57.0% |
| Gross operating margin9900 | €28,223 | €10,224 | €4,948 | €1,764 | €3,402 | ▲ 92.9% |
| Operating profit (loss)9901 | €2,226 | €4,381 | €3,974 | €308 | -€1,035 | ▼ 436% |
| Financial income75/76B | - | €650 | €70 | - | - | - |
| Recurring financial income75 | €744 | €650 | €70 | - | - | - |
| Financial charges65/66B | - | €774 | €648 | €808 | €51 | ▼ 93.7% |
| Recurring financial charges65 | €944 | €774 | €648 | €808 | €51 | ▼ 93.7% |
| Profit (loss) for the period before taxes9903 | €2,025 | €4,257 | €3,396 | -€499 | -€1,086 | ▼ 118% |
| Income taxes67/77 | €846 | €1,109 | €979 | - | - | - |
| Profit (loss) for the period9904 | €1,180 | €3,148 | €2,417 | -€499 | -€1,086 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | €1,180 | €3,148 | €2,417 | -€499 | -€1,086 | ▼ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,741 | €87,947 | €139,607 | €81,671 | €73,766 | ▼ 9.7% |
| Fixed assets21/28 | €6,786 | €5,079 | €4,389 | €4,048 | €4,048 | = |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €6,067 | €4,360 | €3,670 | €3,329 | €3,329 | = |
| Plant, machinery and equipment23 | - | €1,946 | €1,946 | €1,946 | €1,946 | = |
| Furniture and vehicles24 | - | €1,125 | €1,125 | €1,125 | €1,125 | = |
| Other tangible fixed assets26 | - | €1,290 | €600 | €259 | €259 | = |
| Financial fixed assets28 | €719 | €719 | €719 | €719 | €719 | = |
| Current assets29/58 | €130,955 | €82,868 | €135,218 | €77,623 | €69,718 | ▼ 10.2% |
| Stocks and contracts in progress3 | €35,890 | €29,410 | €0 | - | - | - |
| Stocks30/36 | - | €29,410 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €47,035 | €14,693 | €50,663 | €8,718 | €6,786 | ▼ 22.2% |
| Trade receivables40 | - | €13,298 | €50,280 | €8,456 | €6,786 | ▼ 19.7% |
| Other amounts receivable41 | - | €1,396 | €384 | €262 | €0 | ▼ 100% |
| Current investments50/53 | €4,000 | €4,000 | €4,000 | €4,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €42,980 | €34,765 | €80,554 | €64,905 | €62,932 | ▼ 3.0% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,741 | €87,947 | €139,607 | €81,671 | €73,766 | ▼ 9.7% |
| Equity10/15 | €61,413 | €64,561 | €66,978 | €66,479 | €65,393 | ▼ 1.6% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €38,891 | €38,891 | €38,891 | €38,891 | €38,891 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €37,031 | €37,031 | €37,031 | €37,031 | = |
| Profit (loss) carried forward14 | €16,325 | €19,473 | €21,890 | €21,391 | €20,305 | ▼ 5.1% |
| Amounts payable17/49 | €76,328 | €23,387 | €72,628 | €15,192 | €8,374 | ▼ 44.9% |
| Amounts payable within one year42/48 | €76,328 | €23,387 | €72,628 | €15,192 | €8,374 | ▼ 44.9% |
| Trade debts44 | €19,755 | €21,702 | €9,590 | €1,938 | €832 | ▼ 57.1% |
| Suppliers440/4 | - | €21,702 | €9,590 | €1,938 | €832 | ▼ 57.1% |
| Advances received on contracts in progress46 | - | - | €9,914 | €6,630 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €1,062 | €1,080 | €979 | €134 | ▼ 86.3% |
| Taxes450/3 | - | €1,062 | €1,080 | €979 | €134 | ▼ 86.3% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €623 | €52,044 | €5,646 | €7,408 | ▲ 31.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,180 | €3,148 | €2,417 | -€499 | -€1,086 | ▼ 118% |
| + Depreciation and write-downs630 | €2,358 | €1,708 | €690 | €341 | - | - |
| Operating cash flow (approximation) | €3,538 | €4,856 | €3,107 | -€158 | -€1,086 | ▼ 588% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,215 | €45,789 | -€15,649 | -€1,973 | ▲ 87.4% |
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
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet -€1,086
Net result drops to -€1,086, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 5.11
Current ratio from 1.86 to 5.11; short-term debt falls from €72,628 to €15,192.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.54
Current ratio from 1.72 to 3.54; short-term debt falls from €76,328 to €23,387.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Tournai · 1 establishment unit since 1990
Ground area
178 m²
Building footprint
62 m²
Parcel 57462D0118/00C007, Wallonia. Linked by address, not a title deed.
1 establishment unit
PHARMACIE HOLVOET
since 19902.050.768.951
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462D0118/00C007 | Wallonia | 178 m² | 1 · 61 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.050.768.951
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,059 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
Founded01-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441549641
Also
9925:BE0441549641
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.