SISAD

Active

Private limited company (pre-2019)founded 199234 yrs activeGrand'Place (TOU) 2, 7500 Tournai, BelgiumKBO/BCE: BE 0447.144.759

Summary

The computed 12-month bankruptcy probability of SISAD is 10.3% (high). For SISAD, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€62,164) and a net result of -€3,210. Equity is shrinking by ~3% per year across the filed fiscal years. The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

SISADActive

Risk analysis Report Compare

Activity

Activity not known

Size

€82,593total assets 2022

Equity: -€62,164
Loss: -€3,210

Turnover not published (abridged schema)

Financial health

Bankruptcy chance 12 m: 10.3%

2022 figures too old to score

Structure

Accounts 795 d overdue

Signals- Figures for FY 2022 (filed 17-08-2023)- No establishment unit in the KBO- Two or more financial years not filed+ Size: total assets €82,593+ Founded in 1992Filed after the deadlineShow the evidence

Checked score

No current score

Figures too old

The available figures for FY 2022 are too old to assess current financial health.

Bankruptcy probability: High

Filing: At least two filing cycles are missing

Financial strength, FY 2022 · tick = 2021

Weak

Solvency 0=

equity -75.3% of total assets

Liquidity 0=

short-term debt 175.3%

Profitability 28-8

return on assets -3.9%

Bankruptcy probability, 12 months

10.3% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 4.5%lowest value 12-2024: 5.8%▲ +28.8% vs 11-2024 01-2025: 9.2%▲ +58.2% vs 12-2024 02-2025: 9.2%● 0.0% vs 01-2025 03-2025: 9.8%▲ +6.4% vs 02-2025 04-2025: 9.3%▼ -4.2% vs 03-2025 05-2025: 9.3%● 0.0% vs 04-2025 06-2025: 9.3%● 0.0% vs 05-2025 07-2025: 9.3%● 0.0% vs 06-2025 08-2025: 10.2%▲ +9.5% vs 07-2025 09-2025: 10.9%▲ +7.0% vs 08-2025highest value 10-2025: 10.9%● 0.0% vs 09-2025highest value 11-2025: 10.9%● 0.0% vs 10-2025highest value 12-2025: 10.9%● 0.0% vs 11-2025highest value 01-2026: 10.9%● 0.0% vs 12-2025highest value 02-2026: 10.9%● 0.0% vs 01-2026highest value 03-2026: 10.9%● 0.0% vs 02-2026highest value 04-2026: 10.9%● 0.0% vs 03-2026highest value 05-2026: 10.9%● 0.0% vs 04-2026highest value 06-2026: 10.9%● 0.0% vs 05-2026highest value 07-2026: 10.9%● 0.0% vs 06-2026highest value 08-2026: 10.3%▼ -6.2% vs 07-2026 09-2026: 10.3%● 0.0% vs 08-2026 10-2026: 10.3%● 0.0% vs 09-2026

Figures for FY 2022 (filed 17-08-2023) raises the probability
Size: total assets €82,593 lowers the probability for this profile
Founded in 1992 lowers the probability for this profile
No establishment unit in the KBO raises the probability

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2022 (filed 17-08-2023)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €82,593

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Founded in 1992

In the bankruptcy model this factor lowers the probability for this profile.

KBO

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Two or more financial years not filed

Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2023 close31-07-2024 deadline04-10-2026 today

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 17-08-2023, 17 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 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

17 d late

2021

61 d late

2020

3 d early

2019

53 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 4 accounts on average 32 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage