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SIVING

Active
Public limited companyfounded 200719 yrs activeLange Rekstraat 9, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0891.552.338
Summary

SIVING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€101,779) and a net result of -€22,101. Equity is shrinking by ~67.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability9▲+7
Solvency0=
Growth26=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.34 in 2024; short-term debt: 135.5% and cash: 43.5% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-35.5%
Return on assets
-7.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€101,779
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 d early
2024
24 d early
2023
30 d early
2022
33 d early
2021
47 d early
2020
54 d early
2019
52 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 38 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 August 2007, SIVING was incorporated.1 Revenue went from EUR 25,500 in 2018 to EUR 17,600 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2025, full schema

Turnover
€0▼ 100%
2024 · €17,600
EBIT margin
-196.2%▼ 112.4pp
2023 · -83.8%
Net result
-€22,101▲ 36.5%
2024 · -€34,802
Working capital
-€263,385▼ 10.2%
2024 · -€238,984
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€12,000▼ 48.1%€12,700▲ 5.8%€20,400▲ 60.6%€17,600▼ 13.7%€0▼ 100%
Operating result-€20,946▼ 164%-€20,456▲ 2.3%-€17,093▲ 16.4%-€34,524▼ 102%-€21,930▲ 36.5%
Net result-€21,269▼ 168%-€20,733▲ 2.5%-€17,378▲ 16.2%-€34,802▼ 100%-€22,101▲ 36.5%
EBIT margin-174.6%▼ 140.2pp-161.1%▲ 13.5pp-83.8%▲ 77.3pp-196.2%▼ 112.4pp
Equity-€6,765-€27,498▼ 306%-€44,876▼ 63.2%-€79,678▼ 77.6%-€101,779▼ 27.7%
Total assets€504,773▼ 33.4%€527,990▲ 4.6%€538,192▲ 1.9%€284,887▼ 47.1%€287,024▲ 0.8%
Debt€511,538▼ 31.2%€555,488▲ 8.6%€583,068▲ 5.0%€364,565▼ 37.5%€388,803▲ 6.6%
Working capital-€286,477▼ 2.2%-€320,891▼ 12.0%-€331,377▼ 3.3%-€238,984▲ 27.9%-€263,385▼ 10.2%
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2021: -€20,946-€20,946Net result 2021: -€21,269-€21,269Operating result 2022: -€20,456-€20,456Net result 2022: -€20,733-€20,733Operating result 2023: -€17,093-€17,093Net result 2023: -€17,378-€17,378Operating result 2024: -€34,524-€34,524Net result 2024: -€34,802-€34,802Operating result 2025: -€21,930-€21,930Net result 2025: -€22,101-€22,10120212022202320242025-€40,000-€30,000-€20,000-€10,000€0Operating result 2023: -€17,093-€17,100Net result 2023: -€17,378-€17,400Operating result 2024: -€34,524-€34,500Net result 2024: -€34,802-€34,800Operating result 2025: -€21,930-€21,900Net result 2025: -€22,101-€22,100202320242025
The operating result stays negative: a loss of €21,930 in 2025 against €34,524 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €287,024
Fixed assets €161,606 ▲ 1.4%
Current assets €125,418 ▼ 0.1%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€12,244▲
2024 · -€26,342
Cash flow
-€12,415▲
2024 · -€26,620
Solvency
-35.5%▼
2024 · -28.0%
Current ratio
0.32▼
2024 · 0.34
Debt to equity
-3.82▲
2024 · -4.58
ROA
-7.7%▲
2024 · -12.2%
Interest coverage
-71.60▲
2024 · -94.76
Debt ≤ 1 year
€388,803▲
2024 · €364,565
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.5% went bankrupt
5.6% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€284,887€287,024▲
Fixed assets21/28€159,306€161,606▲
Tangible fixed assets22/27€159,306€161,606▲
Land and buildings22€150,242€143,946▼
Plant, machinery and equipment23€9,064€17,660▲
Current assets29/58€125,581€125,418▼
Cash at bank and in hand54/58€125,040€124,868▼
Deferred charges and accrued income490/1€541€550▲
Equity and liabilities
Total equity and liabilities10/49€284,887€287,024▲
Equity10/15-€79,678-€101,779▼
Contributions10/11€75,000€75,000=
Capital10€75,000€75,000=
Issued capital100€75,000€75,000=
Profit (loss) carried forward14-€154,678-€176,779▼
Amounts payable17/49€364,565€388,803▲
Amounts payable within one year42/48€364,565€388,803▲
Other amounts payable47/48€364,565€388,803▲
Income statement Code20242025
Turnover70€17,600€0▼
Goods, raw materials, services and sundry goods60/61€12,859€10,459▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,182€9,686▲
Other operating charges640/8€2,545€1,785▼
Non-recurring operating charges66A€28,539-
Gross operating margin9900€4,742-€10,459▼
Operating profit (loss)9901-€34,524-€21,930▲
Financial charges65/66B€278€171▼
Recurring financial charges65€278€171▼
Profit (loss) for the period before taxes9903-€34,802-€22,101▲
Profit (loss) for the period9904-€34,802-€22,101▲
Profit (loss) for the period to be appropriated9905-€34,802-€22,101▲
Appropriation of the result
Profit (loss) to be appropriated9906-€154,678-€176,779▼
Profit (loss) brought forward from the previous period14P-€119,876-€154,678▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€12,000€12,700€20,400€17,600€0▼ 100%
Goods, raw materials, services and sundry goods60/61€12,135€11,527€12,899€12,859€10,459▼ 18.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,485€18,755€22,214€8,182€9,686▲ 18.4%
Other operating charges640/8€2,326€2,874€2,380€2,545€1,785▼ 29.9%
Non-recurring operating charges66A---€28,539--
Gross operating margin9900-€135€1,173€7,501€4,742-€10,459▼ 321%
Operating profit (loss)9901-€20,946-€20,456-€17,093-€34,524-€21,930▲ 36.5%
Financial charges65/66B€323€277€285€278€171▼ 38.5%
Recurring financial charges65€323€277€285€278€171▼ 38.5%
Profit (loss) for the period before taxes9903-€21,269-€20,733-€17,378-€34,802-€22,101▲ 36.5%
Profit (loss) for the period9904-€21,269-€20,733-€17,378-€34,802-€22,101▲ 36.5%
Profit (loss) for the period to be appropriated9905-€21,269-€20,733-€17,378-€34,802-€22,101▲ 36.5%
Line20212022202320242025Change
Assets
Total assets20/58€504,773€527,990€538,192€284,887€287,024▲ 0.8%
Fixed assets21/28€279,712€293,393€286,501€159,306€161,606▲ 1.4%
Tangible fixed assets22/27€279,712€293,393€286,501€159,306€161,606▲ 1.4%
Land and buildings22€237,134€228,702€220,271€150,242€143,946▼ 4.2%
Plant, machinery and equipment23€42,578€64,691€66,230€9,064€17,660▲ 94.8%
Furniture and vehicles24€0-----
Current assets29/58€225,061€234,597€251,691€125,581€125,418▼ 0.1%
Amounts receivable within one year40/41-€2,333----
Trade receivables40-€2,333----
Cash at bank and in hand54/58€225,061€232,264€251,579€125,040€124,868▼ 0.1%
Deferred charges and accrued income490/1--€112€541€550▲ 1.7%
Equity and liabilities
Total equity and liabilities10/49€504,773€527,990€538,192€284,887€287,024▲ 0.8%
Equity10/15-€6,765-€27,498-€44,876-€79,678-€101,779▼ 27.7%
Contributions10/11€75,000€75,000€75,000€75,000€75,000=
Capital10€75,000€75,000€75,000€75,000€75,000=
Issued capital100€75,000€75,000€75,000€75,000€75,000=
Profit (loss) carried forward14-€81,765-€102,498-€119,876-€154,678-€176,779▼ 14.3%
Amounts payable17/49€511,538€555,488€583,068€364,565€388,803▲ 6.6%
Amounts payable within one year42/48€511,538€555,488€583,068€364,565€388,803▲ 6.6%
Other amounts payable47/48€511,538€555,488€583,068€364,565€388,803▲ 6.6%
Line20212022202320242025Change
Profit (loss) for the period9904-€21,269-€20,733-€17,378-€34,802-€22,101▲ 36.5%
+ Depreciation and write-downs630€18,485€18,755€22,214€8,182€9,686▲ 18.4%
Operating cash flow (approximation)-€2,784-€1,978€4,836-€26,620-€12,415▲ 53.4%
Investment in fixed assets (approximation)--€32,436-€15,322€119,013-€11,986▼ 110%
Change in cash-€7,203€19,315-€126,539-€172▲ 99.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€34,802
Net result drops to -€34,802, the lowest in the series; recovery starts the following year.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Sint-Niklaas · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
2,019 m²
Building footprint
315 m²
Volume, LiDAR
1,852 m³
Parcel 46446B1064/00E000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Siving
Lange Rekstraat 9, 9100 Sint-NiklaasNACE 7012001
since 20072.164.652.889
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46446B1064/00E000 Flanders 2,019 m² 1 · 315 m² 11.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded22-08-2007
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.