SIVAC
ActiveThe computed 12-month bankruptcy probability of SIVAC is 1.6% (moderate). The 2025 annual accounts show equity of €106k and a net result of €1.01M. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 454 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+5
Solvency26▼-1
Growth85=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.02 in 2024; short-term debt: 98.3% and cash: 69.3% of total assets), and 98.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.4%
Return on assets
13.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 454 sector peers (2025).
NBB · sector comparisonPosition among 454 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
20 d early
2023
26 d early
2022
4 d early
2021
24 d early
2020
30 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€33.97M▲ 18.7%
2024 · €28.63M
2021: €12.65M
2022: €15.98M
2023: €23.54M
2024: €28.63M
2021 → 2025
EBIT margin
4.2%▲ 1.3pp
2024 · 2.9%
2021: 2.6%
2022: 0.4%
2023: 3.8%
2024: 2.9%
2021 → 2025
Net result
€1.01M▲ 88.1%
2024 · €537k
2018: €23k
2019: €2k
2020: €407k
2021: €258k
2022: €2k
2023: €609k
2024: €537k
2018 → 2025
Working capital
€-310k
2024 · €112k
2018: €-26k
2019: €-17k
2020: €74k
2021: €151k
2022: €204k
2023: €-17k
2024: €112k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.65M-€15.98M▲ 26.4%€23.54M▲ 47.2%€28.63M▲ 21.6%€33.97M▲ 18.7%
Equity€308k-€310k▲ 0.8%€99k▼ 67.9%€96k▼ 3.3%€106k▲ 10.2%
Operating result€327k-€60k▼ 81.6%€901k▲ 1,396%€838k▼ 7.0%€1.43M▲ 71.0%
Net result€258k-€2k▼ 99.0%€609k▲ 24,593%€537k▼ 11.9%€1.01M▲ 88.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 71% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.46M
Fixed assets
€433k▲ 6.0%
Current assets
€7.02M▲ 29.8%
Equity and liabilities €7.46M
Equity
€106k▲ 10.2%
Debt
€7.35M▲ 28.4%
The debt ratio rises from 98.3% to 98.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.58M▲
2024 · €937k
Cash flow
€1.16M▲
2024 · €635k
Solvency
1.4%▼
2024 · 1.7%
Current ratio
0.96▼
2024 · 1.02
Quick ratio
0.96▼
2024 · 1.02
Debt / equity
69.38▲
2024 · 59.53
ROE
953.0%▲
2024 · 558.2%
ROA
13.5%▲
2024 · 9.2%
Interest coverage
51.18▲
2024 · 20.70
Debt
€7.35M▲
2024 · €5.72M
Debt ≤ 1 year
€7.33M▲
2024 · €5.30M
Income taxes
€393k▲
2024 · €258k
Staff costs
€29.83M▲
2024 · €25.09M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.82M€7.46M▲
Fixed assets21/28€408k€433k▲
Intangible fixed assets21€193k€222k▲
Tangible fixed assets22/27€154k€142k▼
Plant, machinery and equipment23€27€37k▲
Furniture and vehicles24€46k€14k▼
Other tangible fixed assets26€108k€90k▼
Financial fixed assets28€61k€69k▲
Other financial fixed assets284/8€61k€69k▲
Amounts receivable and cash guarantees285/8€61k€69k▲
Current assets29/58€5.41M€7.02M▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€2.41M€1.79M▼
Trade receivables40€72k€4k▼
Other amounts receivable41€2.33M€1.79M▼
Cash at bank and in hand54/58€2.99M€5.17M▲
Deferred charges and accrued income490/1€20k€67k▲
Equity and liabilities
Total equity and liabilities10/49€5.82M€7.46M▲
Equity10/15€96k€106k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€28k€38k▲
Amounts payable17/49€5.72M€7.35M▲
Amounts payable within one year42/48€5.30M€7.33M▲
Financial debts43€474k€869k▲
Credit institutions430/8€474k€869k▲
Trade debts44€503k€546k▲
Suppliers440/4€503k€546k▲
Taxes, remuneration and social security45€3.77M€4.92M▲
Taxes450/3€35k€439k▲
Remuneration and social security454/9€3.73M€4.48M▲
Other amounts payable47/48€556k€1.00M▲
Accrued charges and deferred income492/3€424k€17k▼
Income statement
Code20242025
Operating income70/76A€28.91M€34.17M▲
Turnover70€28.63M€33.97M▲
Other operating income74€280k€197k▼
Operating charges60/66A€28.07M€32.74M▲
Goods for resale, raw materials and consumables60-€85
Purchases600/8-€85
Services and other goods61€2.73M€2.41M▼
Remuneration, social security and pensions62€25.09M€29.83M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€147k▲
Other operating charges640/8€12k€6k▼
Non-recurring operating charges66A€137k€353k▲
Operating profit (loss)9901€838k€1.43M▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Income from financial fixed assets750-€0
Income from current assets751€2k€4k▲
Other financial income752/9€818€62▼
Non-recurring financial income76B€0-
Financial charges65/66B€45k€34k▼
Recurring financial charges65€45k€34k▼
Debt charges650€45k€31k▼
Other financial charges652/9€185€3k▲
Profit (loss) for the period before taxes9903€795k€1.40M▲
Income taxes67/77€258k€393k▲
Taxes670/3€258k€393k▲
Profit (loss) for the period9904€537k€1.01M▲
Profit (loss) for the period to be appropriated9905€537k€1.01M▲
Appropriation of the result
Profit (loss) to be appropriated9906€568k€1.04M▲
Profit (loss) brought forward from the previous period14P€31k€28k▼
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7€540k€1.00M▲
Return on contributions (dividend)694€540k€1.00M▲
Social balance
Average headcount (FTE)9087792.2891.2▲
The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 5 days late
2025
31-12
Financial
Highest result since 2018net €1.01M ▲88.1%
Operating result €1.43M, net result €1.01M, both a record.
31-12
Financial
Equity above €100kEq €106k ▲10.2%
8 profitable years in a row build equity to €106k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €299k ▲601%
3 profitable years in a row build equity to €299k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼90.5%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wommelgem · 15 establishment units since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Draaiboomstraat 62160 WommelgemGround area
2.3 ha
Building footprint
8,131 m²
Volume, LiDAR
61,777 m³
15 parcels, Flanders, Wallonia · tallest building 34.8 m, ±6 floors. Linked by address, not a title deed.
15 establishment units
SIVAC
since 20092.178.986.026
SIVAC
since 20102.188.597.736
SIVAC
since 20112.205.777.723
SIVAC
since 20152.239.390.993
SIVAC
since 20182.272.738.902
SIVAC
since 20212.313.265.403
Show 9 more locations
SIVAC
since 20222.325.853.132
SIVAC
since 20222.355.352.317
SIVAC
since 20222.333.603.036
SIVAC
since 20242.361.370.572
SIVAC
since 20242.365.273.833
SIVAC
since 20242.366.271.349
SIVAC
since 20252.380.070.093
SIVAC
since 20252.380.070.192
Easy Life Harelbeke
since 20252.383.718.481
15 parcels
Flanders
14
(93.3%)
Wallonia
1
(6.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0111/00P000 | Flanders | 9,186 m² | 1 · 2,292 m² | 21.0 m · 3 fl. |
| 34040C1121/00M000 | Flanders | 3,993 m² | 1 · 825 m² | - |
| 34022E0010/00C000 | Flanders | 3,103 m² | 1 · 1,089 m² | 34.8 m · 1 fl. |
| 34013A0684/00K000 | Flanders | 1,681 m² | 1 · 145 m² | 18.9 m · 5 fl. |
| 43010G0249/00K000 | Flanders | 1,652 m² | 1 · 1,622 m² | 14.2 m · 3 fl. |
| 31022I0319/00N000 | Flanders | 512 m² | 1 · 261 m² | 10.8 m · 2 fl. |
| 35011B0001/00C016 | Flanders | 443 m² | 1 · 504 m² | - |
| 31602A0553/00H000 | Flanders | 424 m² | 1 · 424 m² | 22.4 m · 6 fl. |
| 44502C0089/00K000 | Flanders | 395 m² | 1 · 258 m² | 16.6 m · 5 fl. |
| 62813E0295/00H000 | Wallonia | 297 m² | 1 · 121 m² | 19.3 m · 6 fl. |
| 36502B0007/00S002 | Flanders | 276 m² | 1 · 162 m² | 18.9 m · 5 fl. |
| 38502G0216/00_000 | Flanders | 240 m² | 1 · 179 m² | 18.9 m · 4 fl. |
| 31804D1489/00Y000 | Flanders | 148 m² | 1 · 133 m² | 15.9 m · 5 fl. |
| 45508B0200/00E003 | Flanders | 139 m² | - | - |
| 33011F0550/24C000 | Flanders | 115 m² | 1 · 115 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 14
15 of 15 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 21 entries · 59,859,332 EUR awarded · 59,852,304 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 19,175,579 EUR | 19,191,704 EUR |
| 2024 | 6 | 17,217,071 EUR | 17,196,466 EUR |
| 2023 | 6 | 14,042,807 EUR | 14,048,701 EUR |
| 2022 | 5 | 9,423,875 EUR | 9,415,433 EUR |
Schemes
Dienstencheques
Opleidingsfonds dienstencheques
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Vlaams opleidingsverlof (VOV)
Show 2 more
Werkbaarheidscheque (stopgezet)
Subsidies voor sociale tewerkstellingsprojecten
Recognitions: source did not answer, try again later.
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Of 7,356 companies in sector 81210 we hold annual accounts for 2,731. 2,137 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-09-1968
Fiscal year end31-12
Activities, NACEBEL
81210General cleaning of buildings
96910Personal service activities
81220Other building cleaning and industrial cleaning
96102Launderettes and laundries for private customers
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.