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SISTAN

Active
Public limited companyfounded 2021active for 4 yearsChaussée de Bruxelles 323, 1410 Waterloo, BelgiumKBO/BCE: BE 0776.529.441
Summary

The computed 12-month bankruptcy probability of SISTAN is 3.4% (moderate). The annual accounts of SISTAN for financial year 2025 show a net loss of 53% of total assets. The 2025 annual accounts show equity of €20,296 and a net result of -€11,475. Equity is shrinking by about 28% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 95% of 590 sector peers (NACE 33, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Installation of industrial machinery and equipment
NACE 33200
Size
€21,659total assets 2025
Equity
€20,296
Loss
-€11,475
Turnover not published (abbreviated or micro format)
Financial health
50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.4%
Structure
Parent
Development Management Consulting · 90%
Accounts filed 11 days late1 of 2 deeds read
Why 50raises risk1 change of registered office in 24 monthsNo registered site in the KBOEx-officio strike-off in the KBOlowers riskLiquidity: current ratio 11.43, cash €14,427Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 51% of its sector peers (NACE 33, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 93.7% of total assets
Liquidity 100=
short-term debt 6.3% · cash 66.6%
Profitability 0=
return on assets -53.0%
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,383 companies, NACE 33, micro)
Last 24 months 11-2024: 10.3% 12-2024: 10.4%▲ +0.1 percentage points vs 11-2024 01-2025: 10.4%● unchanged vs 12-2024 02-2025: 10.4%● unchanged vs 01-2025 03-2025: 10.4%● unchanged vs 02-2025 04-2025: 10.4%● unchanged vs 03-2025 05-2025: 10.4%● unchanged vs 04-2025 06-2025: 18.1%▲ +7.7 percentage points vs 05-2025 07-2025: 16.7%▼ -1.4 percentage points vs 06-2025 08-2025: 23.1%▲ +6.4 percentage points vs 07-2025highest value 09-2025: 3.2%▼ -19.9 percentage points vs 08-2025 10-2025: 3.2%● unchanged vs 09-2025 11-2025: 3.2%● unchanged vs 10-2025 12-2025: 3.2%● unchanged vs 11-2025 01-2026: 3.1%▼ -0.1 percentage points vs 12-2025 02-2026: 3.1%● unchanged vs 01-2026lowest value 03-2026: 3.2%▲ +0.1 percentage points vs 02-2026 04-2026: 3.7%▲ +0.5 percentage points vs 03-2026 05-2026: 4.1%▲ +0.4 percentage points vs 04-2026 06-2026: 4.0%▼ -0.1 percentage points vs 05-2026 07-2026: 4.0%● unchanged vs 06-2026 08-2026: 5.8%▲ +1.8 percentage points vs 07-2026 09-2026: 3.4%▼ -2.4 percentage points vs 08-2026 10-2026: 3.4%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 11.43, compared with 48.21 in 2024, above the usual 1.5; short-term debt: 6.3% and cash: 66.6% of total assets), and 6.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 33, micro): better than 91% on solvency, 98% on liquidity, 4% on profitability and 12% on growth.

The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 11.43, cash €14,427
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
22232425
2022 to 2025 · latest year -€11,475
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
11 days late
2024
15 days late
2023
380 days late
2022
746 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 288 days after the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 February (3 of the last 4 filed years within 187 days of that day).
Companies Code · seven months
Where today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€11,475 View
  • Caution: Among the weakest 14% on net resultsector median €43,791 · 589 companies -€11,475 View
  • Controlled by Development Management Consulting 90% View

By topic

Financials

Financial year
2025
Total assets
€21,659
Loss
-€11,475
Solvency
93.7%
Total assets▼ 32.7%
Net result
20222025
Go to Financials

Timeline

Events
7
Since
2024
Next accounts
by 31-07-2027
  1. 15-08-2025Annual accounts filed
  2. 07-07-2025Resignations: WALLINDUSTRIES, MONTI INVEST and JYB Engineering
  3. 16-05-2025Address struck
Go to Timeline

Company details

Legal form
Public limited company
Activity
Installation of industrial machinery and equipmentNACE 33200
Founded
26-10-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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