SISCOR
ActiveSummary
SISCOR has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,573 and a net result of -€9,275. Equity has been shrinking by about 28% per year since 2019. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-07-1991 Normal situation
- Activity
- No activity registered in the KBO
- Joint committee
- 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 30-06-2023
- Establishment unit
- 2.053.559.185 1050 Elsene, since 08-12-1993
- Financial year end
- 30 June
- Peppol
- Reachable since 23-12-2025
Board and ownership
- VERMEERSCH PieterDirector · since 01-01-2018
- VERMEERSCH KoenDirector · since 24-07-2020
- Holdings
- Shares in 1 company TEXTILE INDUSTRY
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €198,117
- ▲ 13.8%
- Turnover
- ≈ €500,000
- estimated
- Loss
- €9,275
- ▼ 60.2%
- Equity
- €87,573
- ▼ 9.6%
- Total assets
- €1.9m
- ▼ 5.9%
Score breakdownraises riskEquity €87,573 (4.5% of total assets)Founded in 1991lowers riskSize: total assets €1.9mFigures for financial year 2025 (filed on 02-02-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 19% of them on solvency, 19% on liquidity, 37% on profitability and 25% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 2 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 33 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 180% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Staff
| Item | 30-06-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.2 |
| Average over the year, in full-time equivalents | 0.3 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €18,578 | - | €954,919 | - |
| Depreciation and write-downs of the year | €134,993 | €134,659 | €137,057 | €142,056 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 1,104 companies had the same profile as SISCOR has now. Two years later, 1.8% had gone bankrupt and 94.3% were still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SISCOR itself is lower: 0.2% within 12 months. It rests on far more data about SISCOR than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for SISCOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €18,371 | €7,701 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €7,660 | -€21 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €117,166 | €137,034 | €129,316 | €134,993 | €134,659 | €137,057 | €142,056 | ▲ 3.6% |
| Other operating charges640/8 | - | - | - | €21,388 | €20,600 | €27,157 | €28,303 | ▲ 4.2% |
| Gross operating margin9900 | €232,404 | €320,320 | €137,538 | €178,260 | €192,108 | €174,123 | €198,117 | ▲ 13.8% |
| Operating profit (loss)9901 | €100,167 | €152,589 | -€59,190 | €14,219 | €36,869 | €9,909 | €27,758 | ▲ 180% |
| Financial income75/76B | - | - | - | - | €6 | €137 | €0 | ▼ 100% |
| Recurring financial income75 | €82 | €188 | €133 | - | €6 | €137 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €49,056 | €198,728 | €38,810 | €42,446 | ▲ 9.4% |
| Recurring financial charges65 | €56,285 | €52,800 | €46,079 | €49,056 | €44,495 | €38,810 | €42,446 | ▲ 9.4% |
| Non-recurring financial charges66B | - | - | - | - | €154,233 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €43,964 | €99,977 | -€105,136 | -€34,836 | -€161,853 | -€28,764 | -€14,688 | ▲ 48.9% |
| Transfer from deferred taxes780 | - | - | - | €49,688 | €5,445 | €5,445 | €5,445 | = |
| Income taxes67/77 | €21,993 | €56 | €3,447 | -€56 | €57,968 | €0 | €31 | - |
| Profit (loss) for the period9904 | €21,971 | €99,921 | -€108,583 | €14,908 | -€214,376 | -€23,319 | -€9,275 | ▲ 60.2% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €16,335 | €16,335 | €16,335 | = |
| Profit (loss) for the period to be appropriated9905 | €29,853 | -€75,394 | -€73,888 | €14,908 | -€198,041 | -€6,983 | €7,060 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.2m | €3.0m | €2.8m | €2.6m | €2.2m | €2.1m | €1.9m | ▼ 5.9% |
| Fixed assets21/28 | €2.0m | €3.0m | €2.5m | €2.4m | €2.1m | €2.0m | €1.9m | ▼ 7.0% |
| Tangible fixed assets22/27 | €2.0m | €2.6m | €2.2m | €2.1m | €2.0m | €1.9m | €1.7m | ▼ 7.6% |
| Land and buildings22 | - | - | - | €2.1m | €2.0m | €1.9m | €1.7m | ▼ 7.6% |
| Financial fixed assets28 | €250 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €0.1m | €0.03m | €0.2m | €0.2m | €0.02m | €0.02m | €0.04m | ▲ 101% |
| Amounts receivable within one year40/41 | €0.01m | €0.001m | €0.008m | €0.002m | €20 | €0.009m | €0.007m | ▼ 23.6% |
| Trade receivables40 | - | - | - | €0.002m | - | €0.009m | €0.007m | ▼ 23.6% |
| Other amounts receivable41 | - | - | - | €20 | €20 | €20 | €20 | = |
| Cash at bank and in hand54/58 | €0.1m | €0.03m | €0.2m | €0.2m | €0.02m | €0.01m | €0.03m | ▲ 171% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0 | €0.003m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.2m | €3.0m | €2.8m | €2.6m | €2.2m | €2.1m | €1.9m | ▼ 5.9% |
| Equity10/15 | €0.4m | €0.5m | €0.3m | €0.3m | €0.1m | €0.1m | €0.09m | ▼ 9.6% |
| Contributions10/11 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Capital10 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Issued capital100 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.4m | €0.6m | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 3.9% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Legal reserve130 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 9.4% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.3m | -€0.4m | -€0.2m | -€0.4m | -€0.4m | -€0.4m | ▲ 1.7% |
| Provisions and deferred taxes16 | - | - | €0.1m | €0.07m | €0.06m | €0.06m | €0.05m | ▼ 9.4% |
| Deferred taxes168 | - | - | - | €0.07m | €0.06m | €0.06m | €0.05m | ▼ 9.4% |
| Amounts payable17/49 | €1.7m | €2.4m | €2.3m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 5.6% |
| Amounts payable after more than one year17 | €1.1m | €1.7m | €1.6m | €1.5m | €1.3m | €1.2m | €1.0m | ▼ 10.3% |
| Financial debts170/4 | - | - | - | €1.5m | €1.3m | €1.2m | €1.0m | ▼ 10.3% |
| Amounts payable within one year42/48 | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 18.0% |
| Trade debts44 | €0.006m | €0.004m | €0.04m | €0.03m | €0.01m | €0.02m | €0.05m | ▲ 136% |
| Suppliers440/4 | - | - | - | €0.03m | €0.01m | €0.02m | €0.05m | ▲ 136% |
| Taxes, remuneration and social security45 | - | - | - | €285 | €296 | €0 | €0.002m | - |
| Taxes450/3 | - | - | - | €3 | €296 | €0 | €0.002m | - |
| Remuneration and social security454/9 | - | - | - | €282 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 2.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.005m | €0.005m | €0.008m | ▲ 45.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.1m | -€0.1m | €0.01m | -€0.2m | -€0.02m | -€0.009m | ▲ 60.2% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.6% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.02m | €0.1m | -€0.08m | €0.1m | €0.1m | ▲ 16.7% |
| Investment in fixed assets (approximation) | - | -€1.1m | €0.3m | -€0.02m | €0.2m | -€0.05m | €0 | - |
| Change in cash | - | -€0.1m | €0.2m | -€0.06m | -€0.2m | -€0.009m | €0.02m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00025908 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00025873 | |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00016013 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00021313 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03600212 | |
| 30-06-2020 | abbreviated format | 25-02-2021 | 2021-06000461 | |
| 30-06-2019 | abbreviated format | 23-12-2019 | 2019-76900439 | |
| 30-06-2018 | abbreviated format | 14-01-2019 | 2019-01200115 | |
| 30-06-2017 | abbreviated format | 09-01-2018 | 2018-00800428 | |
| 30-06-2016 | abbreviated format | 20-12-2016 | 2016-70800414 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VERMEERSCH Pieter |
|
| VERMEERSCH Koen |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- TEXTILE INDUSTRYsubsidiarySourceown accounts 30-06-2025Equity €43,710 Profit of €18,479 in 2025 (loss of €4,126 in 2024) Checked score 93100%
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of SISCOR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-10
Gazette deed
Registered office moved from Moorslede to Elsene2 points ▸
- General meeting, 01-10-2022
- Registered-office move, Sint-Jorisstraat 28,1050 Elsene
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21447B0135/00Z010 | Brussels | 326 m² | 1 · 114 m² | 18.2 m · 5 |