SIDRA WATERCHEMIE
ActiveSummary
SIDRA WATERCHEMIE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.19M and a net result of €30k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+1
Solvency97▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 2.38 in 2023; short-term debt: 28.3% and cash: 10.7% of total assets), and 28.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.7%
Return on assets
1.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
15 d early
2022
24 d early
2021
31 d late
2020
31 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.19M▲ 2.6%
2023 · €1.16M
2018: €773k
2019: €791k
2020: €841k
2021: €938k
2022: €1.13M
2023: €1.16M
2018 → 2024
Total assets
€1.66M▼ 15.8%
2023 · €1.97M
2018: €955k
2019: €1.01M
2020: €1.28M
2021: €1.29M
2022: €1.66M
2023: €1.97M
2018 → 2024
Net result
€30k▲ 12.9%
2023 · €27k
2018: €14k
2019: €19k
2020: €50k
2021: €97k
2022: €194k
2023: €27k
2018 → 2024
Working capital
€1.17M▲ 4.5%
2023 · €1.12M
2018: €730k
2019: €767k
2020: €836k
2021: €937k
2022: €1.07M
2023: €1.12M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€841k-€938k▲ 11.5%€1.13M▲ 20.7%€1.16M▲ 2.4%€1.19M▲ 2.6%
Operating result€74k-€135k▲ 83.3%€261k▲ 93.5%€43k▼ 83.4%€24k▼ 43.7%
Net result€50k-€97k▲ 93.9%€194k▲ 101%€27k▼ 86.2%€30k▲ 12.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 44% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.66M
Fixed assets
€18k ▼ 52.0%
Current assets
€1.64M ▼ 15.1%
Equity and liabilities €1.66M
Equity
€1.19M ▲ 2.6%
Debt
€470k ▼ 42.1%
Debt's share of the balance-sheet total falls from 41.2% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▼
2023 · €64k
Cash flow
€50k▲
2023 · €47k
Current ratio
3.49▲
2023 · 2.38
Quick ratio
3.46▲
2023 · 2.38
Debt to equity
0.40▼
2023 · 0.70
ROE
2.5%▲
2023 · 2.3%
ROA
1.8%▲
2023 · 1.4%
Interest coverage
34.12▼
2023 · 82.58
Debt ≤ 1 year
€470k▼
2023 · €812k
Income taxes
€16k▲
2023 · €16k
Staff costs
€270k▲
2023 · €267k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.97M€1.66M▼
Fixed assets21/28€38k€18k▼
Tangible fixed assets22/27€38k€18k▼
Plant, machinery and equipment23€690€256▼
Furniture and vehicles24€38k€18k▼
Current assets29/58€1.93M€1.64M▼
Stocks and contracts in progress3€4k€14k▲
Stocks30/36€4k€14k▲
Amounts receivable within one year40/41€907k€628k▼
Trade receivables40€858k€590k▼
Other amounts receivable41€49k€38k▼
Current investments50/53€700k€700k=
Cash at bank and in hand54/58€198k€177k▼
Deferred charges and accrued income490/1€123k€121k▼
Equity and liabilities
Total equity and liabilities10/49€1.97M€1.66M▼
Equity10/15€1.16M€1.19M▲
Contributions10/11€64k€64k=
Capital10€64k€64k=
Issued capital100€64k€64k=
Reserves13€25k€25k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€1.07M€1.10M▲
Amounts payable17/49€812k€470k▼
Amounts payable within one year42/48€812k€470k▼
Trade debts44€699k€402k▼
Suppliers440/4€699k€402k▼
Taxes, remuneration and social security45€113k€67k▼
Taxes450/3€70k€44k▼
Remuneration and social security454/9€43k€24k▼
Accrued charges and deferred income492/3€111€115▲
Income statement
Code20232024
Remuneration, social security and pensions62€267k€270k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€9k€3k▼
Gross operating margin9900€339k€317k▼
Operating profit (loss)9901€43k€24k▼
Financial income75/76B€69€23k▲
Recurring financial income75€69€23k▲
Financial charges65/66B€771€1k▲
Recurring financial charges65€771€1k▲
Profit (loss) for the period before taxes9903€43k€47k▲
Income taxes67/77€16k€16k▲
Profit (loss) for the period9904€27k€30k▲
Profit (loss) for the period to be appropriated9905€27k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.07M€1.10M▲
Profit (loss) brought forward from the previous period14P€1.04M€1.07M▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-09
State Gazette act
Resignation: Tom De Clercq (director)Appointment: De Borre (managing director) · Permanent representative: Tom De Clercq4 facts ▸
State Gazette act
Resignation: Tom De Clercq (director)
Appointment: De Borre (managing director) · Permanent representative: Tom De Clercq4 facts ▸
- General meeting, 31-07-2025
- Director resignation, Tom De Clercq (director)
- Director appointment, De Borre (managing director)
- Permanent representative, Tom De Clercq
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €194k ▲101%
Operating result €261k, net result €194k, both a record.
31-12
Financial
Equity above €1MEq €1.13M ▲20.7%
5 profitable years in a row build equity to €1.13M.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
De Borre
CurrentManaging director · since 01-08-2025 · Limited partnership · perm. rep.: Tom De Clercq
01-08-2025
De Borre: Appointed as Managing director
31-07-2025
Tom De Clercq: Resigned as Director
Location & real-estate footprint
Registered office, Hemiksem · 1 establishment unit since 2001
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.
Varenstraat 1272620 HemiksemGround area
358 m²
Building footprint
116 m²
Volume, LiDAR
600 m³
Parcel 11018A0019/00R002, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Varenstraat 127, 2620 Hemiksem
since 20012.063.142.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018A0019/00R002 | Flanders | 358 m² | 1 · 116 m² | 10.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Similar companies · same sector, comparable size
beLife
BE 0440.744.838
Engis · Eq €1.23M
RADERMACHER DISTILLERIE
BE 0472.170.660
Raeren · Eq €1.30M
TOSOH EUROPE INTERNATIONAL
BE 0505.954.572
Tessenderlo-Ham · Eq €1.42M
Blue Star Chemicals
BE 0426.696.268
Villers-le-Bouillet · Eq €876k
SLUYS INTERNATIONAL
BE 0423.281.175
Duffel · Eq €1.62M
Of 107 companies in sector 20140 we hold annual accounts for 93. 41 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-1993
Fiscal year end31-12
Activities, NACEBEL 2025
20140Manufacture of chemicals and chemical products
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.