Result
-€72,981 -€72,981
From profit to loss in 2025, after a profit of €30,652 in 2024.
SIVANCO
Lifetime
15 annual accounts with figures on one time axispeak €596,871 (2020)
€76,290▼ 39.2%
lowest -€72,981 (2025)
-€72,981▼ €103,633
peak €486,400 (2021)
€350,733▼ 17.2%
€509,411▲ 19.2%
peak 2.7 FTE (2021)
1.3 FTE▲ 30.0%
Board8 names since 2017
2 directors and 1 other
Documentsfilings and deeds
18-06-202643 days before the deadline
2025abbreviated format
Gross margin from €125,572 to €76,290Loss of €72,981Staff from 1 FTE to 1.3 FTENew director 31-10Equity from €423,714 to €350,733Debts from €427,490 to €509,411
Key points
from the 2025 annual accountsTurnover
≈ €300,000 estimated
The abbreviated format states no turnover.
Staff
2 employees on 31-12-2025
In 2025, 4 people joined and 3 left.
Filings
15 annual accounts since 2011
Two of the last ten came late. The 2020 accounts came latest: 20 days after the end of the period.
At the same address
18 companies
Position in the sector
-€72,981
Lower net result than 89% of companies in wholesale trade. Sector median €38,114 · 10,723 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as SIVANCO has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,908 companies, not a prediction for SIVANCO. 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.
Credit verdict
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Signals
Board and ownership
Daily manager,
Daily manager,
Daily manager,
- 75%score equity €454,297 (2025) · 2025 annual accounts of
Recent changes
Registered office moved from Sint-Andries to Bruges
New registered office: Koninginf Astridlaan 97, bus 16 unit 24, 8200 Brugge · Previous registered office: GRASDREEF 8200 Sint-Andries · Permanent representative: · Board meeting of 01-12-2025 · Gazette deed
New director
appointed, resigned · Permanent representatives: and · Director discharge: (director (not named in the articles)) · General meeting of 01-10-2025 · Gazette deed
Resignation: (director)
Permanent representative: · General meeting of 27-06-2024 · Gazette deed
2 directors appointed
(day-to-day manager) and (day-to-day manager) · Permanent representatives: , , , and · Board meeting of 18-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIVANCO Bruges | €0.9m | €76,290 | 40.8% | 1.3 |
| MADOSA Grimbergen | €0.6m | €163,216 | 46.9% | 1 |
| E.L.C. Lighting Dessel | €1.1m | €196,352 | 61.2% | 1.3 |
| SANELCO Oudsbergen | €0.9m | €165,001 | 91.3% | 1.8 |
| ELEKTRO DELTA Antwerp | €1.3m | €150,393 | 22.3% | 1.9 |
| Asfales Mol | €1.5m | €228,026 | 88.2% | 2 |
| House of Appliances Ronse | €1.6m | €250,023 | 11.2% | 1 |
These companies have the same main activity as SIVANCO: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €620,000 and €1.6m, founded between 2004 and 2012.
Official details
Source: KBO- Status
- Active since 29-04-2009Normal situation
- Registered office
- 19 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Wholesale of electrical household appliances and audio-video equipmentNACE 46431and 6 others
- Establishment unit
- 2.177.864.5868200 Bruges, since 29-04-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €860,144▲ 1.1%
- Employeeson 31-12-2025
- 2▲ 100%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on SIVANCO
SIVANCO files the abbreviated format. That format states no turnover. The gross margin fell from €136,865 in 2011 to €76,290 in 2025.
holds 75% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIVANCO
- What is the company number of SIVANCO?
- The company number of SIVANCO is 0811.459.339. The VAT number is the same number with BE in front: BE 0811.459.339.
- Where is SIVANCO based?
- The registered office is at Koningin Astridlaan 97, 8200 Bruges.Company details
- What does SIVANCO do?
- According to the KBO register, the main activity is wholesale of electrical household appliances and audio-video equipment (NACE 46431).
- What is the legal form of SIVANCO?
- SIVANCO is a private limited company (BV).
- When was SIVANCO founded?
- SIVANCO was founded on 29-04-2009.
- Is SIVANCO still active?
- Yes, SIVANCO is an active enterprise in the KBO register.
- How many employees does SIVANCO have?
- SIVANCO had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SIVANCO?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €76,290 and 32 comparable companies (NACE 464). It probably lies between €160,000 and €420,000.
- Is SIVANCO profitable?
- In financial year 2025, SIVANCO made a loss of €72,981.
- Where can I find the annual accounts of SIVANCO?
- SIVANCO filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIVANCO due?
- SIVANCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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