SiVa Projects
ActiveSummary
SiVa Projects has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,123 and a net result of €11,960. Equity has been growing by about 68% per year since 2023. Its solvency ranks better than 66% of 11,771 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-06-2023 Normal situation
- Activity
- Activities of building architects NACE 71111and 1 other
- Establishment unit
- 2.346.403.076 3000 Leuven, since 08-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 01-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €17,295
- ▲ 52.2%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €11,960
- ▲ 61.4%
- Equity
- €26,123
- ▲ 84.4%
- Total assets
- €37,872
- ▲ 41.3%
Score breakdownraises riskFounded in 2023lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 2.73, cash €11,803, halvedEquity €26,123 (69.0% of total assets)Show the evidence
Checked score
Fewer than 1 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 (NACE 71, micro). It does better than 68% of them on solvency, 64% on liquidity, 88% on profitability and 89% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 134 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-02-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 51% higher than in 2024 and the highest since 2023. It is the second rise in a row.
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €6,338 |
| Depreciation and write-downs of the year | - | - | €590 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €360 awarded · €360 paid| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €590 | - |
| Other operating charges640/8 | €661 | €719 | €642 | ▼ 10.6% |
| Gross operating margin9900 | €9,621 | €11,363 | €17,295 | ▲ 52.2% |
| Operating profit (loss)9901 | €8,960 | €10,645 | €16,062 | ▲ 50.9% |
| Financial income75/76B | - | €0 | €411 | ▲ 6,851× |
| Recurring financial income75 | - | €0 | €411 | ▲ 6,851× |
| Financial charges65/66B | €139 | €267 | €531 | ▲ 98.8% |
| Recurring financial charges65 | €139 | €267 | €531 | ▲ 98.8% |
| Profit (loss) for the period before taxes9903 | €8,822 | €10,378 | €15,942 | ▲ 53.6% |
| Income taxes67/77 | €2,167 | €2,969 | €3,982 | ▲ 34.1% |
| Profit (loss) for the period9904 | €6,655 | €7,409 | €11,960 | ▲ 61.4% |
| Profit (loss) for the period to be appropriated9905 | €6,655 | €7,409 | €11,960 | ▲ 61.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21,859 | €26,793 | €37,872 | ▲ 41.3% |
| Fixed assets21/28 | - | - | €5,748 | - |
| Tangible fixed assets22/27 | - | - | €5,748 | - |
| Furniture and vehicles24 | - | - | €5,748 | - |
| Current assets29/58 | €21,859 | €26,793 | €32,124 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €11,142 | - | €7,535 | - |
| Trade receivables40 | €11,142 | - | €7,535 | - |
| Current investments50/53 | - | - | €11,768 | - |
| Cash at bank and in hand54/58 | €9,529 | €24,991 | €11,803 | ▼ 52.8% |
| Deferred charges and accrued income490/1 | €1,188 | €1,802 | €1,019 | ▼ 43.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21,859 | €26,793 | €37,872 | ▲ 41.3% |
| Equity10/15 | €6,755 | €14,163 | €26,123 | ▲ 84.4% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €6,655 | €14,063 | €26,023 | ▲ 85.0% |
| Distributable reserves133 | €6,655 | €14,063 | €26,023 | ▲ 85.0% |
| Amounts payable17/49 | €15,104 | €12,630 | €11,749 | ▼ 7.0% |
| Amounts payable within one year42/48 | €14,594 | €12,037 | €11,749 | ▼ 2.4% |
| Trade debts44 | €1,334 | €1,793 | €2,291 | ▲ 27.8% |
| Suppliers440/4 | €1,334 | €1,793 | €2,291 | ▲ 27.8% |
| Taxes, remuneration and social security45 | €6,075 | €7,314 | €7,226 | ▼ 1.2% |
| Taxes450/3 | €6,075 | €7,314 | €7,226 | ▼ 1.2% |
| Other amounts payable47/48 | €7,186 | €2,930 | €2,232 | ▼ 23.8% |
| Accrued charges and deferred income492/3 | €510 | €593 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,655 | €7,409 | €11,960 | ▲ 61.4% |
| + Depreciation and write-downs630 | - | - | €590 | - |
| Operating cash flow (approximation) | €6,655 | €7,409 | €12,550 | ▲ 69.4% |
| Change in cash | - | €15,462 | -€13,189 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SiVa Projects has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of SiVa Projects itself is lower: 0.1% within 12 months. It rests on far more data about SiVa Projects than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for SiVa Projects. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- VANHENTENRIJK Simon sole founder · 100% at incorporation
Capital transactions
- 27-10-2026 Converted to available equity
- 12-06-2023 Incorporation · €100 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “10, met of zonder beperking duur”“11, alle_handelingingen_behalve_voorbehouden_aan_AV_door_wet_of_statuten”“13, onbezoldigd_behoudens_andersluidende_AV-beslissing”
deed of 27-10-2026 (in Dutch)
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Onder levenden en bij overlijden zonder goedkeuring, 9”
deed of 27-10-2026 (in Dutch)
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 12-06-2023 (in Dutch)
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “26, ontzetting onbekwaamverklaring faillissement kennelijk onvermogen overlijden aandeelhouder”deed of 27-10-2026 (in Dutch)
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Meest uitgebreide bevoegdheid door wet toegekend, 27”deed of 27-10-2026 (in Dutch)
Network & group
SiVa Projects shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of SiVa Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-10
Gazette deed
Company renamed from Architect S.Vanhentenrijk to SiVa ProjectsIncorporation · Purpose change · Capital conversion12 points ▸
- General meeting, 15-10-2026
- Incorporation, 02-06-2023
- Name change, SiVa Projects
- Purpose change
- Other provision, “verslag voorwerpswijziging en vrijstelling lezing, voorzitter ontslagen lezing te geven” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles, 14
- Other provision, “eenparigheid van stemmen, dagelijks bestuur” (deed in Dutch)
- Other provision, “eenparigheid van stemmen, interimdividenden uitkeren” (deed in Dutch)
- Amendment of the articles
- Capital
- General meeting, “eenparigheid van stemmen, aanneming volledig nieuwe statuten als gevolg voorgaande besluiten en voorwerpswijziging” (deed in Dutch)
12-06
Gazette deed
IncorporationStarting capital €100 · Appointment: VANHENTENRIJK Simon (director) · Founder10 points ▸
- Incorporation, 02-06-2023
- Founder, VANHENTENRIJK Simon
- Founding capital, €100
- Capital
- Other provision, “rechtspersoonlijkheid en uitwerking besluiten, eenparig comparanten” (deed in Dutch)
- Registered office clause, “3000 Leuven, Ierse Predikherenstraat 58” (deed in Dutch)
- Director appointment, VANHENTENRIJK Simon (director (not named in the articles))
- Other provision, “notariële wijsplicht bestuurders, wettelijke vereisten activiteiten aansprakelijkheid verzekeringsmogelijkheid” (deed in Dutch)
- Pre-incorporation commitments, “takeover, verbintenissen in naam en voor rekening vennootschap in oprichting” (deed in Dutch)
- Other provision, “toelatingen vergunningen beroepsvoorwaarden, voorafgaande toelatingen of voorwaarden mogelijk” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
SiVa Projects was incorporated on 8 June 2023 as a private limited company by one natural person, with a starting capital of €100.12 In 2026 the company took the name SiVa Projects.3 VANHENTENRIJK Simon is director of the company, appointed in the act of 12-06-2023.2 Total assets rose from €21,859 in 2023 to €37,872 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
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 |
|---|---|---|---|---|
| 24505F0167/00P006 | Flanders | 222 m² | 1 · 43 m² | 13.8 m · 4 |