SIAM MARKET

Active

Private limited companyfounded 20215 yrs activeVrijheidslaan 175, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0769.506.443

The computed 12-month bankruptcy probability of SIAM MARKET is 5.3% (elevated). The 2024 annual accounts show negative equity (€-17k) and a net result of €-49k. Equity is shrinking by ~88% per year across the filed fiscal years. Its solvency ranks better than 21% of 26048 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

19 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability9▼-53

Solvency21▼-11

Growth25▼-37

Track record94

Bankruptcy probability, 12 months

5.3% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.63 against 0.64 in 2023; short-term debt: 104% and cash: 0.9% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

-4%

Return on assets

-11.3%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year €-17k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

1 d late

2023

7 d late

2022

6 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€1.10M▼ 12.0%

2023 · €1.25M

2022: €1.26M 2023: €1.25M

2022 → 2024

EBIT margin

-4.4%▼ 5.9pp

2023 · 1.5%

2022: -0.1% 2023: 1.5%

2022 → 2024

Net result

€-49k

2023 · €19k

2022: €-2k 2023: €19k

2022 → 2024

Working capital

€-167k▼ 6.8%

2023 · €-157k

2022: €-208k 2023: €-157k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€1.26M-€1.25M▼ 0.8%€1.10M▼ 12.0%

Equity€13k-€32k▲ 140%€-17k

Operating result€-872-€19k€-48k

Net result€-2k-€19k€-49k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €48k after €19k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €435k

34.4%

65.6%

Fixed assets €150k▼ 20.5%

Current assets €286k▲ 1.0%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-4k▼

2023 · €61k

Cash flow

€-5k▼

2023 · €61k

Solvency

-4.0%▼

2023 · 6.7%

Current ratio

0.63▼

2023 · 0.64

Quick ratio

0.07▲

2023 · 0.03

Debt / equity

-25.96▼

2023 · 13.83

ROA

-11.3%▼

2023 · 3.9%

Interest coverage

-4.57▼

2023 · 152.40

Debt

€453k▲

2023 · €439k

Debt ≤ 1 year

€453k▲

2023 · €439k

Staff costs

€107k▼

2023 · €141k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€471k€435k▼

Fixed assets21/28€188k€150k▼

Tangible fixed assets22/27€188k€150k▼

Land and buildings22€52k€45k▼

Plant, machinery and equipment23€82k€66k▼

Furniture and vehicles24€55k€39k▼

Other tangible fixed assets26-€0

Current assets29/58€283k€286k▲

Stocks and contracts in progress3€267k€255k▼

Stocks30/36€267k€255k▼

Amounts receivable within one year40/41€8k€27k▲

Trade receivables40€0€0=

Other amounts receivable41€8k€27k▲

Cash at bank and in hand54/58€7k€4k▼

Equity and liabilities

Total equity and liabilities10/49€471k€435k▼

Equity10/15€32k€-17k▼

Contributions10/11€15k€15k=

Capital10€15k€15k=

Issued capital100€15k€15k=

Profit (loss) carried forward14€17k€-32k▼

Amounts payable17/49€439k€453k▲

Amounts payable within one year42/48€439k€453k▲

Trade debts44€373k€379k▲

Suppliers440/4€373k€379k▲

Taxes, remuneration and social security45€660€0▼

Taxes450/3€0€0=

Remuneration and social security454/9€660€0▼

Other amounts payable47/48€66k€74k▲

Income statement Code20232024

Turnover70€1.25M€1.10M▼

Goods, raw materials, services and sundry goods60/61€1.08M€1.02M▼

Remuneration, social security and pensions62€141k€107k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€45k▲

Other operating charges640/8€264€671▲

Gross operating margin9900€203k€104k▼

Operating profit (loss)9901€19k€-48k▼

Financial charges65/66B€403€834▲

Recurring financial charges65€403€834▲

Profit (loss) for the period before taxes9903€19k€-49k▼

Profit (loss) for the period9904€19k€-49k▼

Profit (loss) for the period to be appropriated9905€19k€-49k▼

Appropriation of the result

Profit (loss) to be appropriated9906€17k€-32k▼

Profit (loss) brought forward from the previous period14P€-2k€17k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Gazette 1Filings 3

2026

18-08

State Gazette act Resignations & appointments

Judicial annulment1 fact ▸

Judicial annulment, 2026-06-04, dissolution judiciaire

2025

01-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 1 day late

2024

31-12

Financial Weakest financial yearnet €-49k ▼366%

Net result drops to €-49k, the lowest in the series.

07-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 7 days late

2023

31-12

Financial Back to profitnet €19k

Net result €19k after one loss-making year.

06-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 6 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Vrijheidslaan 1751080 Sint-Jans-Molenbeek

Ground area

443 m²

Building footprint

243 m²

Volume, LiDAR

1,477 m³

2 parcels, Brussels · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SIAM MARKET

Ninoofse Steenweg 426-430, 1070 AnderlechtRetail trade

since 20212.318.542.104

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21526D0069/02A005	Brussels	310 m²	1 · 243 m²	10.9 m · 2 fl.
21304B0015/00B004	Brussels	134 m²	-	-

Linked by address, not proof of ownership

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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Anderlecht2.318.542.104

1 permission

Toelating · Detailhandel · since 17-10-2022

Similar companies · same sector, comparable size

SOL PLUS

BE 0870.359.917

Quiévrain · Eq €32k

Tegel Outlet Antwerpen

Of 176 companies in sector 47523 we hold annual accounts for 142. 100 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-06-2021

Fiscal year end31-12

Activities, NACEBEL

47110Non-specialised retail sale with food, beverages or tobacco predominating

47112Retail trade

47523Retail trade

47113Retail trade

47114Supermarkets

47210Retail sale of fruit and vegetables

47241Retail sale of bread and pastry (bakery outlets)

47525Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.