SIVIA
ActiveFrom the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of SIVIA is 1.8% (moderate). The 2024 annual accounts show equity of €14,788 and a net result of €32,816. Equity has been growing by about 5.9% per year since 2018. Its solvency ranks better than 34% of 25,566 sector peers (NACE 47, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 04-11-2008 Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
- Establishment units
- 2.177.375.034 7640 Antoing, since 01-04-2009
- 2.330.940.583 7700 Mouscron, since 09-05-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.8%
- Gross margin
- €84,144
- ▲ 9.2%
- Turnover
- ≈ €900,000
- estimated
- Profit
- €32,816
- ▲ 11×
- Equity
- €14,788
- Total assets
- €100,389
- ▲ 43.0%
- Staff
- 1.6 FTE
- =
Score breakdownraises riskFigures for financial year 2024 (filed on 12-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 43 days late; 3 of the last 3 accounts latelowers riskFounded in 2008Size: total assets €100,389Show the evidence
Checked score
About 2 in 100 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 47, micro). It does better than 31% of them on solvency, 24% on liquidity, 96% on profitability and 96% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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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Signals
The company filed its last 6 accounts on average 51 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024 filed on 12-09-2025 PDF all 16 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 5.7 times that of 2023 and the highest since 2020. It is the second rise in a row, after the fall in 2022.
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). 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, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as SIVIA: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €102,000 and €118,000, founded between 2007 and 2011.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| SIVIA Antoing | 2008 | €100,389 | €14,788 | €84,144 | - | €32,816 | 2024 |
| PACHIOT Charleroi | 2007 | €101,676 | €11,068 | €89,609 | €517,670 | €32,166 | 2025 |
| HB EXPRESS Mons | 2009 | €103,666 | -€1,049 | €115,888 | - | €3,871 | 2025 |
| MUSKAN Mouscron | 2011 | €112,959 | €103,359 | €82,109 | €857,941 | €14,646 | 2025 |
| RAI CARWASH Haacht | 2007 | €107,968 | €63,858 | €93,241 | €969,362 | €13,261 | 2024 |
| VRIJDAGMARKT Nazareth-De Pinte | 2008 | €115,665 | -€144,712 | €98,041 | - | €8,560 | 2026 |
| MONDO BIO Ottignies-Louvain-la-Neuve | 2010 | €118,379 | €74,805 | €82,632 | - | €17,586 | 2026 |
They were chosen from the 5,985 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 5,053 companies had the same profile as SIVIA has now. Two years later, 1.6% had gone bankrupt and 95.9% were still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIVIA itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,445 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 5,053 companies, not a prediction for SIVIA. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €23,267 | €41,137 | €67,454 | €47,932 | ▼ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,000 | €304 | €304 | €304 | €304 | €304 | - | - |
| Other operating charges640/8 | - | - | - | - | €1,411 | €3,243 | €1,629 | ▼ 49.8% |
| Gross operating margin9900 | €21,227 | €30,905 | €23,985 | €27,450 | €6,918 | €77,071 | €84,144 | ▲ 9.2% |
| Operating profit (loss)9901 | -€1,024 | €1,021 | €2,894 | €3,879 | -€35,933 | €6,070 | €34,584 | ▲ 470% |
| Financial income75/76B | - | - | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | - | - | €1 | - | - |
| Financial charges65/66B | - | - | - | €92 | €297 | €3,197 | €1,768 | ▼ 44.7% |
| Recurring financial charges65 | €342 | €156 | €308 | €92 | €297 | €3,197 | €1,768 | ▼ 44.7% |
| Profit (loss) for the period before taxes9903 | -€1,366 | €866 | €2,586 | €3,787 | -€36,230 | €2,874 | €32,816 | ▲ 11× |
| Income taxes67/77 | - | - | €530 | -€184 | - | - | - | - |
| Profit (loss) for the period9904 | -€1,366 | €866 | €2,056 | €3,971 | -€36,230 | €2,874 | €32,816 | ▲ 11× |
| Profit (loss) for the period to be appropriated9905 | -€1,366 | €866 | €2,056 | €3,971 | -€36,230 | €2,874 | €32,816 | ▲ 11× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €55,383 | €79,159 | €120,717 | €61,416 | €72,820 | €70,215 | €100,389 | ▲ 43.0% |
| Fixed assets21/28 | €7,513 | €8,728 | €8,424 | €8,120 | €7,816 | €7,513 | €7,513 | = |
| Tangible fixed assets22/27 | - | €1,215 | €912 | €608 | €304 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €608 | €304 | - | - | - |
| Financial fixed assets28 | €7,513 | €7,513 | €7,513 | €7,513 | €7,513 | €7,513 | €7,513 | = |
| Current assets29/58 | €47,871 | €70,431 | €112,293 | €53,296 | €65,003 | €62,703 | €92,876 | ▲ 48.1% |
| Stocks and contracts in progress3 | €44,998 | €64,943 | €57,738 | €48,217 | €48,342 | €48,239 | €66,019 | ▲ 36.9% |
| Stocks30/36 | - | - | - | €48,217 | €48,342 | €48,239 | €66,019 | ▲ 36.9% |
| Amounts receivable within one year40/41 | €839 | €922 | €1,871 | - | €4,145 | €5,371 | €7,458 | ▲ 38.9% |
| Other amounts receivable41 | - | - | - | - | €4,145 | €5,371 | €7,458 | ▲ 38.9% |
| Cash at bank and in hand54/58 | €2,034 | €4,566 | €52,684 | €5,079 | €12,516 | €9,093 | €19,399 | ▲ 113% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €55,383 | €79,159 | €120,717 | €61,416 | €72,820 | €70,215 | €100,389 | ▲ 43.0% |
| Equity10/15 | €8,435 | €9,301 | €11,357 | €15,328 | -€20,902 | -€18,028 | €14,788 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | €6,200 | - | - | - | - |
| Other1109/19 | - | - | - | €6,200 | - | - | - | - |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | - | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | - | - | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €1,615 | €2,481 | €4,537 | €8,508 | -€27,722 | -€24,848 | €7,968 | - |
| Amounts payable17/49 | €46,948 | €69,858 | €109,360 | €46,088 | €93,722 | €88,243 | €85,601 | ▼ 3.0% |
| Amounts payable within one year42/48 | €46,948 | €69,858 | €109,360 | €46,088 | €93,722 | €88,243 | €85,601 | ▼ 3.0% |
| Trade debts44 | €6,347 | €8,927 | €17,436 | €2,736 | €2,696 | €4,060 | €1,035 | ▼ 74.5% |
| Suppliers440/4 | - | - | - | €2,736 | €2,696 | €4,060 | €1,035 | ▼ 74.5% |
| Taxes, remuneration and social security45 | - | - | - | €2,378 | €4,273 | €7,584 | €15,281 | ▲ 101% |
| Taxes450/3 | - | - | - | €2,378 | €4,273 | €7,584 | €8,327 | ▲ 9.8% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €6,955 | - |
| Other amounts payable47/48 | - | - | - | €40,975 | €86,752 | €76,600 | €69,285 | ▼ 9.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,366 | €866 | €2,056 | €3,971 | -€36,230 | €2,874 | €32,816 | ▲ 11× |
| + Depreciation and write-downs630 | €1,000 | €304 | €304 | €304 | €304 | €304 | - | - |
| Operating cash flow (approximation) | -€366 | €1,170 | €2,360 | €4,275 | -€35,926 | €3,178 | €32,816 | ▲ 933% |
| Investment in fixed assets (approximation) | - | -€1,519 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,533 | €48,118 | -€47,605 | €7,437 | -€3,423 | €10,306 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 12-09-2025 | 2025-00490306 | |
| 31-12-2023 | micro format | 19-09-2024 | 2024-00466011 | |
| 31-12-2022 | micro format | 23-11-2023 | 2023-00515871 | |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20289796 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64400343 | |
| 31-12-2019 | micro format | 29-09-2020 | 2020-58500120 | |
| 31-12-2018 | micro format | 27-09-2019 | 2019-67100593 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-55600046 | |
| 31-12-2016 | micro format | 27-11-2017 | 2017-70700425 | |
| 31-12-2015 | full format | 30-06-2016 | 2016-26300293 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 05-01-2024 Converted to unavailable equity
- 05-01-2024 Converted to uncalled contributions · €12,400
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ALI RAZA Syed |
|
| JAFFARY Syed |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Assemblée fixe nombre,durée et,en cas pluralité,pouvoirs,à défaut sans limitation durée, un ou plusieurs”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “27, assemblée à majorité simple voix”“Adoptée à unanimité, Clôture immédiate dissolution et liquidation en un seul acte”
Articles of association, deed of 05-01-2024 (in French)
Network & group
SIVIA shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of SIVIA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-01
Gazette deed
Appointments: JAFFARY Syed (director) and ALI RAZA Syed (director)Resignations: JAFFARY Syed (manager) and ALI RAZA Syed (manager) · Capital conversion · Reserve release16 points ▸
- General meeting, 26-12-2023
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres apports non appelés” (deed in French)
- Reserve release, “unanimité, suppression” (deed in French)
- Other provision, “suppression compte apports non appelés”, 12400 (deed in French)
- Declaration, “attention attirée par notaire instrumentant sur articles 5:142 et 5:143” (deed in French)
- Declaration, “unanimité, tests actif net et liquidité effectués avant assemblée” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital
- Power of attorney, Philippe DUMON
- Director appointment, JAFFARY Syed (director (not named in the articles))
- Director appointment, ALI RAZA Syed (director (not named in the articles))
- The act holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202513 activities
- Tous produits alimentaires tels que fruits,légumes,conserves,produits laitiers,produits de la mer,poissons,boucherie,articles de ménage et articles cadeaux
- Tous textiles en général,vêtements divers,chaussures
- Tous produits de l'artisanat en général
- Tous les articles de parfumerie,de toilette,cosmétiques,produits de beauté,maquillage ainsi que savons et détergents,produits ménagers
- Articles de bijouterie de fantaisie,cadeaux,montres,horloges
- Exploitation de tous snacks-bars,night-shop,internet-shop,la petite restauration,sandwiches à emporter,brasseries,hôtels,résidence,restaurants,tavernes,cafés,cabarets,discothèques,buffets,vestiaires pour publics,locations de places,salles d'organisation,de banquet et service traiteur,salon de consommation,organisation des fêtes et événements
- Les transports nationaux et internationaux,le déménagement,l'acheminement,la livraison et la logistique de toutes marchandises par route
- Exploitation d'un car-wash
- La constitution et la gestion d'un patrimoine immobilier et la location-financement de biens immeubles aux tiers,l'acquisition par l'achat ou autrement,la vente,l'échange,la construction,la transformation,l'amélioration,l'équipement,l'aménagement,l'embellissement,l'entretien,la location,la prise en location,le lotissement,la prospection et l'exploitation de biens immobiliers,ainsi que toutes opérations qui,directement ou indirectement,sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine immobilier,de même que se porter caution pour la bonne lin d'engagements pris par des tiers qui auraient la jouissance de ces biens immobiliers
- Mise à disposition de tiers,moyennant rémunération,tout matériel nécessaire à la poursuite de ses activités
- Collaboration et prise part ou prise intérêt dans d'autres entreprises,directement ou indirectement,de quelque manière que ce soit
- Donner caution tant pour ses propres engagements que pour engagements de tiers,entre autres en donnant ses biens en hypothèque ou en gage,y compris son propre fonds de commerce
- Toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou de nature à en faciliter réalisation
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
2 sitesSites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57003C0360/00B000 | Wallonia | 259 m² | 1 · 99 m² | 10.1 m · 3 |
| 54007B1042/00R002 | Wallonia | 138 m² | 1 · 50 m² | 13.9 m · 4 |