Active BE 0473.499.461Private limited company (pre-2019)

SIAAN

Oude Keerbergsebaan 39 ·2820 Bonheiden, Belgium· 25 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

SIAAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €192k and a net result of €2k. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 9871 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€192k
Net result	€2k
Better than sector	16%
Active	25 yrs

Financial profile 4 of 5 axes measured · computed by Checked

43 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 5

Solvency 8

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2000, 25 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview23 NBB filings

Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~12.6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	12.2%	54.8%	better than 16% of 9871 sector peers
Net result	€2k	€29k	better than 23% of 9868 sector peers
Equity	€192k	€137k	better than 58% of 9878 sector peers
Gross operating margin	€139k	€58k	better than 78% of 9858 sector peers
Total assets	€1.57M	€337k	better than 86% of 9875 sector peers

Net profit

€2k

- 21-24

Total assets

€1.57M

-11.1% 21-24

Equity

€192k

+1.1% 21-24

Income taxes

€56k

+3176.6% 21-24

Debt

€1.38M

-12.5% 21-24

Debt ≤ 1y

€1.37M

-12.6% 21-24

Solvency

12.2%

+13.7% 21-24

ROE

1.1%

- 21-24

ROA

0.1%

- 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€2k	€-32k	€-46k	€-175k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€56k	-	-	€2k
Dividends	-	-	-	-
Total assets	€1.57M	€1.76M	€1.74M	€1.91M
Equity	€192k	€190k	€222k	€269k
Debt	€1.38M	€1.57M	€1.52M	€1.64M
of which ≤ 1y	€1.37M	€1.57M	€1.51M	€1.63M
of which > 1y	-	-	-	-
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	12.2%	10.8%	12.8%	14.1%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	0.1%	-1.8%	-2.7%	-9.2%
ROE	1.1%	-17.1%	-20.9%	-65.1%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2024

Assets

Fixed assets €1.10M · 69.9% Current assets €471k · 30.1%

Equity & liabilities

Equity €192k · 12.2% Debt €1.38M · 87.8%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.57M	€1.76M	€1.74M	€1.91M
Fixed assets	21/28	€1.10M	€1.17M	€1.26M	€1.33M
Tangible fixed assets	22/27	€1.10M	€1.17M	€1.26M	€1.33M
Current assets	29/58	€471k	€590k	€478k	€572k
Amounts receivable within one year	40/41	€466k	€585k	€469k	€271k
Cash & bank	54/58	€2k	€4k	€9k	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.57M	€1.76M	€1.74M	€1.91M
Equity	10/15	€192k	€190k	€222k	€269k
Contributions / capital	10/11	€6k	€6k	€6k	€6k
Reserves	13	€209k	€209k	€209k	€209k
Accumulated profits (losses)	14	€-290k	€-292k	€-260k	€-213k
Amounts payable	17/49	€1.38M	€1.57M	€1.52M	€1.64M
Amounts payable within one year	42/48	€1.37M	€1.57M	€1.51M	€1.63M
Trade debts payable within one year	44	€47k	€31k	€22k	€354k
Income statement
Gross operating margin	9900	€139k	€59k	€47k	€-67k
Operating result	9901	€59k	€-32k	€-46k	€-172k
Financial income	75	€0	-	€7	€5
Financial charges	65	€67	€769	€255	€786
Result before taxes	9903	€58k	€-32k	€-46k	€-173k
Income taxes	67/77	€56k	-	-	€2k
Net result for the period	9904	€2k	€-32k	€-46k	€-175k
Result to be appropriated	9905	€2k	€-32k	€-46k	€-175k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company (pre-2019)(015)
Incorporation	12-12-2000
Status	Active
Postal code	2820

Establishment units 1 location

Solvynsstraat 9, 2018 Antwerpen

Manufacture of basic metals

since 20012.100.075.833

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12031C0249/00D000	Flanders	2,661 m²	1 · 242 m²	8.6 m · 2 fl.
11810K2762/00C006	Flanders	276 m²	1 · 243 m²	18.1 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 11Financial 1Filings 10

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

06-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 159 days late

2024

31-12

Financial Back to profitnet €2k

Net result €2k after 3 loss-making years.

26-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 210 days late

2022

18-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 79 days late

01-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 213 days late

2020

24-12

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 146 days late

18-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 292 days late

2018

31-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 92 days late

23-05

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 296 days late

2016

30-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies6421074151Business and other management consultancy70200Business consulting7022074142

Names & trade names

Legal nameNL

SIAAN

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