Sisif
ActiveSummary
Sisif has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24,860 and a net result of €851. Equity is growing by ~55.8% per year across the filed fiscal years. Its solvency ranks better than 44% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-42
Solvency82▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.59 in 2023; short-term debt: 43.5% and cash: 3.1% of total assets), and 43.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
56.5%
Return on assets
1.9%
Age of the figures
21 mo
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 26-09-2025, 57 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
57 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
27 d late
2019
27 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 34 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€115,786
EBIT margin
1.1%
Net result
€851▼ 94.8%
2023 · €16,319
Working capital
€23,786▲ 10.5%
2023 · €21,520
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€115,786
Operating result€3,843▲ 325%-€7,546€25,760€21,351▼ 17.1%€1,244▼ 94.2%
Net result€3,772within the sector's middle half▲ 252%-€7,679below the sector's middle half€23,821within the sector's middle half€16,319within the sector's middle half▼ 31.5%€851below the sector's middle half▼ 94.8%
EBIT margin1.1%
Equity-€8,453below the sector's middle half▲ 30.9%-€16,132below the sector's middle half▼ 90.8%€7,690below the sector's middle half€24,008below the sector's middle half▲ 212%€24,860below the sector's middle half▲ 3.5%
Total assets€10,161below the sector's middle half▲ 35.0%€24,115below the sector's middle half▲ 137%€42,585below the sector's middle half▲ 76.6%€37,891below the sector's middle half▼ 11.0%€43,986below the sector's middle half▲ 16.1%
Debt€18,614▼ 5.8%€40,247▲ 116%€34,896▼ 13.3%€13,883▼ 60.2%€19,126▲ 37.8%
Working capital€8,380below the sector's middle half▲ 85.9%-€68below the sector's middle half€20,626within the sector's middle half€21,520within the sector's middle half▲ 4.3%€23,786within the sector's middle half▲ 10.5%
Solvency-83.2%below the sector's middle half▲ 79.2pp-66.9%below the sector's middle half▲ 16.3pp18.1%below the sector's middle half▲ 85.0pp63.4%within the sector's middle half▲ 45.3pp56.5%within the sector's middle half▼ 6.8pp
Current ratio61.72above the sector's middle half▲ 55.571.00below the sector's middle half▼ 60.732.21within the sector's middle half▲ 1.212.59within the sector's middle half▲ 0.382.24within the sector's middle half▼ 0.35
Return on assets (ROA)37.1%above the sector's middle half▲ 22.9pp-31.8%below the sector's middle half▼ 69.0pp55.9%above the sector's middle half▲ 87.8pp43.1%above the sector's middle half▼ 12.9pp1.9%below the sector's middle half▼ 41.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 94% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,986
Fixed assets
€1,074 ▼ 62.1%
Current assets
€42,912 ▲ 22.4%
Equity and liabilities €43,986
Equity
€24,860 ▲ 3.5%
Debt
€19,126 ▲ 37.8%
Debt's share of the balance-sheet total rises from 36.6% to 43.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,006▼
2023 · €23,401
Cash flow
€2,613▼
2023 · €18,369
Debt to equity
0.77▲
2023 · 0.58
ROE
3.4%▼
2023 · 68.0%
Interest coverage
21.43▼
2023 · 231.83
Debt ≤ 1 year
€19,126▲
2023 · €13,535
Income taxes
€260▼
2023 · €4,936
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 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% | 1.8% |
| 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 10,905 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 | - | - | - | - | €115,786 | - |
| Non-recurring operating income76A | - | - | - | - | €6,651 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €119,125 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €503 | €792 | €1,878 | €2,051 | €1,762 | ▼ 14.1% |
| Other operating charges640/8 | - | €1,062 | €6,487 | €384 | €307 | ▼ 20.2% |
| Gross operating margin9900 | €4,346 | -€5,692 | €34,125 | €23,786 | €3,313 | ▼ 86.1% |
| Operating profit (loss)9901 | €3,843 | -€7,546 | €25,760 | €21,351 | €1,244 | ▼ 94.2% |
| Financial income75/76B | - | - | - | €5 | €9 | ▲ 61.8% |
| Recurring financial income75 | - | - | - | €5 | €9 | ▲ 61.8% |
| Financial charges65/66B | - | €133 | €271 | €101 | €140 | ▲ 39.0% |
| Recurring financial charges65 | €71 | €133 | €271 | €101 | €140 | ▲ 39.0% |
| Profit (loss) for the period before taxes9903 | €3,772 | -€7,679 | €25,489 | €21,255 | €1,112 | ▼ 94.8% |
| Income taxes67/77 | - | - | €1,668 | €4,936 | €260 | ▼ 94.7% |
| Profit (loss) for the period9904 | €3,772 | -€7,679 | €23,821 | €16,319 | €851 | ▼ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €3,772 | -€7,679 | €23,821 | €16,319 | €851 | ▼ 94.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,161 | €24,115 | €42,585 | €37,891 | €43,986 | ▲ 16.1% |
| Fixed assets21/28 | €1,643 | €2,800 | €4,886 | €2,836 | €1,074 | ▼ 62.1% |
| Tangible fixed assets22/27 | €1,463 | €2,576 | €4,662 | €2,611 | €849 | ▼ 67.5% |
| Land and buildings22 | - | €582 | €487 | €393 | €299 | ▼ 24.0% |
| Furniture and vehicles24 | - | €1,994 | €4,175 | €2,218 | €551 | ▼ 75.2% |
| Financial fixed assets28 | €180 | €224 | €224 | €224 | €224 | = |
| Current assets29/58 | €8,518 | €21,315 | €37,699 | €35,055 | €42,912 | ▲ 22.4% |
| Amounts receivable within one year40/41 | €7,672 | €13,208 | €16,865 | €24,728 | €41,554 | ▲ 68.0% |
| Trade receivables40 | - | €13,208 | €16,830 | €21,518 | €29,902 | ▲ 39.0% |
| Other amounts receivable41 | - | - | €35 | €3,210 | €11,651 | ▲ 263% |
| Current investments50/53 | - | - | - | €10,327 | - | - |
| Cash at bank and in hand54/58 | €846 | €8,107 | €14,215 | - | €1,358 | - |
| Deferred charges and accrued income490/1 | - | - | €6,619 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,161 | €24,115 | €42,585 | €37,891 | €43,986 | ▲ 16.1% |
| Equity10/15 | -€8,453 | -€16,132 | €7,690 | €24,008 | €24,860 | ▲ 3.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | - | €6,200 | - | - |
| Other1109/19 | - | - | - | €6,200 | - | - |
| Profit (loss) carried forward14 | -€14,653 | -€22,332 | €1,490 | €17,808 | €18,660 | ▲ 4.8% |
| Amounts payable17/49 | €18,614 | €40,247 | €34,896 | €13,883 | €19,126 | ▲ 37.8% |
| Amounts payable after more than one year17 | €18,476 | €18,476 | €17,476 | - | - | - |
| Financial debts170/4 | - | €18,476 | €17,476 | - | - | - |
| Amounts payable within one year42/48 | €138 | €21,383 | €17,073 | €13,535 | €19,126 | ▲ 41.3% |
| Trade debts44 | €138 | €4,145 | €1,626 | €430 | €16,754 | ▲ 3,797% |
| Suppliers440/4 | - | €4,145 | €1,626 | €430 | €16,754 | ▲ 3,797% |
| Taxes, remuneration and social security45 | - | €3,237 | €4,751 | €11,492 | €1,260 | ▼ 89.0% |
| Taxes450/3 | - | €3,237 | €4,751 | €10,759 | €527 | ▼ 95.1% |
| Remuneration and social security454/9 | - | - | - | €733 | €733 | = |
| Other amounts payable47/48 | - | €14,001 | €10,697 | €1,613 | €1,112 | ▼ 31.0% |
| Accrued charges and deferred income492/3 | - | €388 | €348 | €348 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,772 | -€7,679 | €23,821 | €16,319 | €851 | ▼ 94.8% |
| + Depreciation and write-downs630 | €503 | €792 | €1,878 | €2,051 | €1,762 | ▼ 14.1% |
| Operating cash flow (approximation) | €4,275 | -€6,887 | €25,699 | €18,369 | €2,613 | ▼ 85.8% |
| Investment in fixed assets (approximation) | - | -€1,949 | -€3,964 | €0 | €0 | - |
| Change in cash | - | €7,261 | €6,108 | - | - | - |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €23,821
Net result €23,821 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.21
Current ratio from 1.00 to 2.21; short-term debt falls from €21,383 to €17,073.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€7,679
Net result drops to -€7,679, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Liquidity times 10current ratio 61.72
Current ratio from 6.16 to 61.72; short-term debt falls from €874 to €138.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Back to profitnet €1,072
Net result €1,072 after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 6.16
Current ratio from 0.51 to 6.16; short-term debt falls from €5,099 to €874.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Chaudfontaine · 1 establishment unit since 2015
Ground area
233 m²
Building footprint
62 m²
Volume, LiDAR
521 m³
Parcel 62104D0337/00W028, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EW SUPPLY
since 20152.241.517.867
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62104D0337/00W028 | Wallonia | 232 m² | 1 · 62 m² | 9.4 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 16,913 companies in this sector we hold annual accounts for 8,787. 6,146 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
46130Agents in the wholesale of timber and building materials
46832Wholesale of timber
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598973911
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.