SIBOREX

Active

Private limited companyfounded 201511 yrs activeParc Ind. des Hauts Sarts, 4e av 40, 4040 Herstal, BelgiumKBO/BCE: BE 0597.767.745

Summary

SIBOREX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €374k and a net result of €96k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

SIBOREXActiveChecked score 63/100

Risk analysis Report Compare

Checked score

Score 2024

63 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability61▲+14

Solvency52▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €23k at 30 days acceptable

Liquidity tight (current ratio 1.34 against 1.43 in 2023; short-term debt: 55.5% and cash: 8.2% of total assets), and 73.1% of the assets are financed with debt.

Credit check for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Activities of head offices; management consultancy activities (NACE 70)

about 69% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

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

KBO · registered office

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

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

1 d early

2022

18 d early

2021

13 d early

2020

37 d early

2019

18 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€96k▲ 505%

2023 · €16k

2018: €-46k 2019: €-36k▲ +21.7% vs 2018 2020: €-139k▼ -290% vs 2019lowest in 7 years 2021: €70k▲ +150% vs 2020 2022: €108k▲ +54.9% vs 2021highest in 7 years 2023: €16k▼ -85.3% vs 2022 2024: €96k▲ +505% vs 2023

2018 → 2024

Working capital

€265k▲ 11.4%

2023 · €238k

2018: €-104k 2019: €-136k▼ -30.6% vs 2018lowest in 7 years 2020: €328k▲ +342% vs 2019 2021: €275k▼ -16.3% vs 2020 2022: €354k▲ +28.8% vs 2021highest in 7 years 2023: €238k▼ -32.9% vs 2022 2024: €265k▲ +11.4% vs 2023

2018 → 2024

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-266k-€154k€262k▲ 70.6%€278k▲ 6.1%€374k▲ 34.6% 2020: €-266klowest in 5 years 2021: €154k▲ +158% vs 2020 2022: €262k▲ +70.6% vs 2021 2023: €278k▲ +6.1% vs 2022 2024: €374k▲ +34.6% vs 2023highest in 5 years

Operating result€-136k-€84k€152k▲ 82.0%€61k▼ 60.2%€174k▲ 187% 2020: €-136klowest in 5 years 2021: €84k▲ +162% vs 2020 2022: €152k▲ +82.0% vs 2021 2023: €61k▼ -60.2% vs 2022 2024: €174k▲ +187% vs 2023highest in 5 years

Net result€-139k-€70k€108k▲ 54.9%€16k▼ 85.3%€96k▲ 505% 2020: €-139klowest in 5 years 2021: €70k▲ +150% vs 2020 2022: €108k▲ +54.9% vs 2021highest in 5 years 2023: €16k▼ -85.3% vs 2022 2024: €96k▲ +505% vs 2023

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 187% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.39M

25.5%

74.5%

Fixed assets €355k ▲ 2.2%

Current assets €1.04M ▲ 30.8%

Equity and liabilities €1.39M

26.9%

73.1%

Equity €374k ▲ 34.6%

Debt €1.02M ▲ 18.1%

Debt's share of the balance-sheet total falls from 75.6% to 73.1%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€289k▲

2023 · €145k

Cash flow

€212k▲

2023 · €101k

Current ratio

1.34▼

2023 · 1.43

Quick ratio

0.52▼

2023 · 0.78

Debt to equity

2.72▼

2023 · 3.11

ROE

25.7%▲

2023 · 5.7%

ROA

6.9%▲

2023 · 1.4%

Interest coverage

4.09▲

2023 · 3.16

Debt ≤ 1 year

€774k▲

2023 · €556k

Debt > 1 year

€244k▼

2023 · €307k

Income taxes

€16k▲

2023 · €515

Staff costs

€175k▲

2023 · €77k

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

As filed By statement

Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines

Balance sheet Code20232024

Assets

Total assets20/58€1.14M€1.39M▲

Fixed assets21/28€347k€355k▲

Tangible fixed assets22/27€347k€355k▲

Plant, machinery and equipment23€320k€336k▲

Furniture and vehicles24€19k€14k▼

Leasing and similar rights25€8k€5k▼

Current assets29/58€794k€1.04M▲

Stocks and contracts in progress3€362k€636k▲

Stocks30/36€362k€636k▲

Amounts receivable within one year40/41€346k€286k▼

Trade receivables40€318k€257k▼

Other amounts receivable41€28k€28k▲

Cash at bank and in hand54/58€84k€115k▲

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€1.14M€1.39M▲

Equity10/15€278k€374k▲

Contributions10/11€375k€375k=

Reserves13€1k€1k=

Non-distributable reserves130/1€1k€1k=

Reserves not available under the articles1311€1k€1k=

Profit (loss) carried forward14€-98k€-2k▲

Amounts payable17/49€863k€1.02M▲

Amounts payable after more than one year17€307k€244k▼

Financial debts170/4€157k€144k▼

Other amounts payable178/9€150k€100k▼

Amounts payable within one year42/48€556k€774k▲

Current portion of amounts payable after more than one year42€84k€120k▲

Financial debts43€130k€325k▲

Credit institutions430/8€130k€325k▲

Trade debts44€256k€300k▲

Suppliers440/4€256k€300k▲

Taxes, remuneration and social security45€20k€29k▲

Taxes450/3€11k€16k▲

Remuneration and social security454/9€9k€12k▲

Other amounts payable47/48€66k-

Accrued charges and deferred income492/3-€1k

Income statement Code20232024

Remuneration, social security and pensions62€77k€175k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€115k▲

Other operating charges640/8€2k€7k▲

Gross operating margin9900€224k€471k▲

Operating profit (loss)9901€61k€174k▲

Financial income75/76B€2k€9k▲

Recurring financial income75€2k€9k▲

Financial charges65/66B€46k€71k▲

Recurring financial charges65€46k€71k▲

Profit (loss) for the period before taxes9903€16k€112k▲

Income taxes67/77€515€16k▲

Profit (loss) for the period9904€16k€96k▲

Profit (loss) for the period to be appropriated9905€16k€96k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-98k€-2k▲

Profit (loss) brought forward from the previous period14P€-114k€-98k▲

Social balance

Average headcount (FTE)9087-3.0

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2020	2021	2022	2023	2024	Change
Remuneration, social security and pensions62	-	€54k	€55k	€77k	€175k	▲ 128%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€11k	€31k	€52k	€85k	€115k	▲ 36.1%
Other operating charges640/8	-	€1k	€3k	€2k	€7k	▲ 211%
Non-recurring operating charges66A	-	-	€127k	-	-	-
Gross operating margin9900	€-72k	€170k	€388k	€224k	€471k	▲ 110%
Operating profit (loss)9901	€-136k	€84k	€152k	€61k	€174k	▲ 187%
Financial income75/76B	-	€402	€10k	€2k	€9k	▲ 365%
Recurring financial income75	-	€402	€10k	€2k	€9k	▲ 365%
Financial charges65/66B	-	€13k	€53k	€46k	€71k	▲ 53.4%
Recurring financial charges65	€3k	€13k	€53k	€46k	€71k	▲ 53.4%
Profit (loss) for the period before taxes9903	€-139k	€71k	€109k	€16k	€112k	▲ 581%
Income taxes67/77	€553	€555	€560	€515	€16k	▲ 2,919%
Profit (loss) for the period9904	€-139k	€70k	€108k	€16k	€96k	▲ 505%
Profit (loss) for the period to be appropriated9905	€-139k	€70k	€108k	€16k	€96k	▲ 505%

Line	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€511k	€654k	€1.10M	€1.14M	€1.39M	▲ 22.1%
Fixed assets21/28	€105k	€141k	€285k	€347k	€355k	▲ 2.2%
Tangible fixed assets22/27	€105k	€141k	€285k	€347k	€355k	▲ 2.2%
Plant, machinery and equipment23	-	€125k	€261k	€320k	€336k	▲ 4.9%
Furniture and vehicles24	-	€306	€12k	€19k	€14k	▼ 22.8%
Leasing and similar rights25	-	€16k	€12k	€8k	€5k	▼ 45.8%
Current assets29/58	€405k	€513k	€810k	€794k	€1.04M	▲ 30.8%
Stocks and contracts in progress3	€277k	€249k	€485k	€362k	€636k	▲ 75.6%
Stocks30/36	-	€249k	€485k	€362k	€636k	▲ 75.6%
Amounts receivable within one year40/41	€33k	€167k	€285k	€346k	€286k	▼ 17.3%
Trade receivables40	-	€165k	€285k	€318k	€257k	▼ 19.0%
Other amounts receivable41	-	€2k	-	€28k	€28k	▲ 2.1%
Cash at bank and in hand54/58	€93k	€94k	€37k	€84k	€115k	▲ 35.8%
Deferred charges and accrued income490/1	-	€3k	€3k	€1k	€2k	▲ 39.2%
Equity and liabilities
Total equity and liabilities10/49	€511k	€654k	€1.10M	€1.14M	€1.39M	▲ 22.1%
Equity10/15	€-266k	€154k	€262k	€278k	€374k	▲ 34.6%
Contributions10/11	-	€375k	€375k	€375k	€375k	=
Reserves13	€1k	€1k	€1k	€1k	€1k	=
Non-distributable reserves130/1	-	€1k	€1k	€1k	€1k	=
Reserves not available under the articles1311	-	€1k	€1k	€1k	€1k	=
Profit (loss) carried forward14	€-292k	€-222k	€-114k	€-98k	€-2k	▲ 98.0%
Amounts payable17/49	€777k	€500k	€833k	€863k	€1.02M	▲ 18.1%
Amounts payable after more than one year17	€700k	€263k	€377k	€307k	€244k	▼ 20.6%
Financial debts170/4	-	€13k	€127k	€157k	€144k	▼ 8.3%
Other amounts payable178/9	-	€250k	€250k	€150k	€100k	▼ 33.3%
Amounts payable within one year42/48	€77k	€238k	€456k	€556k	€774k	▲ 39.2%
Current portion of amounts payable after more than one year42	-	€4k	€28k	€84k	€120k	▲ 43.5%
Financial debts43	-	-	-	€130k	€325k	▲ 150%
Credit institutions430/8	-	-	-	€130k	€325k	▲ 150%
Trade debts44	€12k	€142k	€203k	€256k	€300k	▲ 17.3%
Suppliers440/4	-	€142k	€203k	€256k	€300k	▲ 17.3%
Taxes, remuneration and social security45	-	€9k	€19k	€20k	€29k	▲ 40.2%
Taxes450/3	-	€2k	€10k	€11k	€16k	▲ 49.2%
Remuneration and social security454/9	-	€7k	€9k	€9k	€12k	▲ 29.6%
Other amounts payable47/48	-	€83k	€206k	€66k	-	-
Accrued charges and deferred income492/3	-	-	-	-	€1k	-

Line	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€-139k	€70k	€108k	€16k	€96k	▲ 505%
+ Depreciation and write-downs630	€11k	€31k	€52k	€85k	€115k	▲ 36.1%
Operating cash flow (approximation)	€-128k	€101k	€160k	€101k	€212k	▲ 110%
Investment in fixed assets (approximation)	-	€-67k	€-195k	€-147k	€-123k	▲ 16.5%
Change in cash	-	€718	€-57k	€48k	€30k	▼ 36.4%

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

Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

13-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2018net €108k ▲54.9%

Net result €108k, the highest in the series.

31-12

Financial Equity above €200kEq €262k ▲70.6%

2 profitable years in a row build equity to €262k.

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €70k

Net result €70k after 3 loss-making years.

31-12

Financial Equity above €150kEq €154k

Equity rises from €-266k to €154k.

24-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Weakest financial yearnet €-139k

Net result drops to €-139k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity times 18current ratio 5.26

Current ratio from 0.30 to 5.26; short-term debt falls from €194k to €77k.

18-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 18 days late

Show earlier events

2019

15-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

19-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

29-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

21-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

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

0 of 5 acts read

About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

5 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, Herstal · 1 establishment unit since 2015

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.

Parc Ind. des Hauts Sarts, 4e av 404040 Herstal

1 establishment unit

Siborex SRL

Parc Ind. des Hauts Sarts, 4e av 40, 4040 HerstalWaste collection, recovery and disposal activities

since 20152.239.504.821

Similar companies · same sector, comparable size

Grimbergen · Eq €373,996

ExecAdvice

BE 0832.232.086

Walcourt · Eq €374,170

Antwerpen · Eq €373,892

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,804 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded06-02-2015

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

46180Agents specialised in the wholesale of other particular products

46190Agents in non-specialised wholesale trade

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

Contact

Website www.siborex.com

E-mail m.joly@siborex.com

E-mail e.joly@siborex.comHerstal

Phone 0495531242Herstal

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