Checked.be
Active
BE 0401.087.377General partnershipOpen bankruptcy
Sidaplax
Eddastraat 40 ·9042 Gent, Belgium· 69 yrs active
Sector: Groothandel in chemische producten voor industrieel gebruik
(46851)
Conclusion
A bankruptcy procedure is open for Sidaplax according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €1.71M and a net result of €-3.77M.
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €1.71M |
| Net result | €-3.77M |
| Staff (FTE) | 46.8 |
| Better than sector | 33% |
Financial profile
11
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
25
Growth
29
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
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.
Health barometer
0
/ 100
Critical
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-05-2024 with the NBB · fiscal year 2023 · volledig
Sector comparison
Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 16.3% | 29.2% | |
| Net result | €-3.77M | €35k | |
| Equity | €1.71M | €458k | |
| Staff costs | €4.76M | €487k | |
| Employees (FTE) | 46.8 | 7.5 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€22.32M
-42.4%
18-23
€-2.41M
-
18-23
€-3.77M
-208.2%
18-23
€-2.67M
-2137.1%
18-23
€10.51M
-23.0%
18-23
€1.71M
-68.8%
18-23
€903k
-63.9%
18-23
47
-19.3%
18-23
Show 14 other metrics
€4.76M
-19.9%
18-23
€11k
-77.9%
18-23
€8.39M
+8.9%
18-23
€7.01M
-7.9%
18-23
€1.37M
+1556.1%
18-23
1.13
-15.0%
18-23
0.76
+13.5%
18-23
16.3%
-59.5%
18-23
4.91
+249.0%
18-23
-220.5%
-887.5%
18-23
-35.9%
-300.4%
18-23
-16.9%
-435.1%
18-23
-10.8%
-
18-23
-27.98
-
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | €22.32M |
| EBITDA | €-2.41M |
| Net profit | €-3.77M |
| Cash flow | €-2.67M |
| Staff costs | €4.76M |
| Income taxes | €11k |
| Dividends | - |
| Total assets | €10.51M |
| Equity | €1.71M |
| Debt | €8.39M |
| of which ≤ 1y | €7.01M |
| of which > 1y | €1.37M |
| Working capital | €903k |
| Employees (FTE) | 46.8 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 1.13 |
| Quick ratio | 0.76 |
| Working capital ratio | 8.6% |
| Solvency | 16.3% |
| Debt / equity | 4.91 |
| Long-term debt ratio | 0.80 |
| Interest coverage | -27.98 |
| Gross margin | 25.4% |
| Net margin | -16.9% |
| ROA | -35.9% |
| ROE | -220.5% |
| EBITDA margin | -10.8% |
| Days sales outstanding | 31d |
| Days payable outstanding | 101d |
| Inventory turnover | 6.37 |
| Days inventory (DSI) | 57d |
Balance-sheet composition 2023
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €10.51M |
| Fixed assets | 21/28 | €2.59M |
| Tangible fixed assets | 22/27 | €2.58M |
| Financial fixed assets | 28 | €11k |
| Current assets | 29/58 | €7.92M |
| Stocks & contracts in progress | 3 | €2.62M |
| Amounts receivable within one year | 40/41 | €1.97M |
| Cash & bank | 54/58 | €3.23M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €10.51M |
| Equity | 10/15 | €1.71M |
| Contributions / capital | 10/11 | €1.68M |
| Reserves | 13 | €134k |
| Accumulated profits (losses) | 14 | €-100k |
| Provisions & deferred taxes | 16 | €412k |
| Amounts payable | 17/49 | €8.39M |
| Amounts payable after one year | 17 | €1.37M |
| Amounts payable within one year | 42/48 | €7.01M |
| Trade debts payable within one year | 44 | €4.62M |
| Income statement | ||
| Turnover | 70 | €22.32M |
| Operating result | 9901 | €-3.51M |
| Financial income | 75 | €271k |
| Financial charges | 65 | €513k |
| Result before taxes | 9903 | €-3.76M |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €-3.77M |
| Result to be appropriated | 9905 | €-3.77M |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
Current directors & mandates
-
Jacques GeijsenZaakvoerder belast met dagelijks bestuurState Gazette act 24121841 (14-08-2024)Current14-08-2024 → present
-
Denis VynckierBijzondere lasthebberState Gazette act 24041436 (07-03-2024)Current07-03-2024 → present
-
Wendy PersyBijzondere lasthebberState Gazette act 24041436 (07-03-2024)Current07-03-2024 → present
-
Robert Peter Kiep IIIManagerState Gazette act 24158715 (06-11-2024)Current10-07-2023 → present
2 events
- 06-11-2024 Appointed· Manager
- 10-07-2023 Appointed· Manager
-
Michael DuFrayneManagerState Gazette act 24158715 (06-11-2024)Current30-03-2023 → present
3 events
- 06-11-2024 Appointed· Manager
- 10-07-2023 Appointed· Manager
- 30-03-2023 Appointed· Manager
-
Robert P. Kiep IllManagerState Gazette act 23044414 (30-03-2023)Current30-03-2023 → present
Show 1 more sitting directors
-
Peter DriscollManagerState Gazette act 22137229 (24-11-2022)Current29-09-2008 → present
7 events
- 24-11-2022 Appointed· Manager
- 27-08-2021 Appointed· Manager
- 13-10-2020 Appointed· Manager
- 03-07-2019 Appointed· Manager
- 14-08-2018 Appointed· Manager
- 28-04-2016 Appointed· Manager
- 29-09-2008 Appointed· Manager
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Robert ScholzManagerState Gazette act 08155212 (29-09-2008)Not recently confirmedlast confirmed in an act from 2008
-
Theodore RiegertManagerState Gazette act 08155212 (29-09-2008)Not recently confirmedlast confirmed in an act from 2008
Former directors (3)
-
Bart De KeyserManagerState Gazette act 23087362 (10-07-2023)Former29-09-2008 → 07-03-2024
10 events
- 07-03-2024 Resigned· Manager
- 10-07-2023 Appointed· Manager
- 24-11-2022 Appointed· Manager
- 27-08-2021 Appointed· Statutair zaakvoerder
- 13-10-2020 Appointed· Statutair zaakvoerder
- 03-07-2019 Appointed· Statutair zaakvoerder
- 14-08-2018 Appointed· Manager
- 28-04-2016 Appointed· Statutair zaakvoerder
- 28-10-2015 Appointed· Statutair zaakvoerder
- 29-09-2008 Appointed· Niet statutair zaakvoerder
-
George L. ThomasManagerState Gazette act 22137229 (24-11-2022)Former28-04-2016 → 30-03-2023
7 events
- 30-03-2023 Resigned· Manager
- 24-11-2022 Appointed· Manager
- 27-08-2021 Appointed· Manager
- 13-10-2020 Appointed· Manager
- 03-07-2019 Appointed· Manager
- 14-08-2018 Appointed· Manager
- 28-04-2016 Appointed· Manager
-
Peter E. DriscollManagerState Gazette act 23044414 (30-03-2023)Former- → 30-03-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Yvan WillemsCurrent Statutory auditor |
- | 06-11-2024 → present |
Show 1 earlier auditors
| Philip Callens Commissaris revisor succeeded by Yvan Willems in 2024 |
- | 14-08-2018 → 06-11-2024 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
11-02-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Groothandel in chemische producten voor industrieel gebruik(46851) |
| Legal form | General partnership(011) |
| Incorporation | 28-06-1957 |
| Status | Active |
| Postal code | 9042 |
| First BS signal | 27-02-2025 |
| Latest BS signal | 27-02-2025 |
Establishment units
Eddastraat 40, 9042 Gent
since 19672.038.867.249
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813B0120/00Z003 | Flanders | 2.9 ha | 1 · 1,645 m² | 9.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
27-02-2025
Bankruptcy
Opening
2024
06-11-2024
State Gazette act
Director changes
06-11-2024
State Gazette act
Director changes
14-08-2024
State Gazette act
Director changes
02-08-2024
State Gazette act
Statutes amendment
30-05-2024
NBB filing
Annual accounts filed
07-03-2024
State Gazette act
Statutes amendment
2023
10-10-2023
State Gazette act
Director changes
10-07-2023
State Gazette act
Director changes
17-05-2023
NBB filing
Annual accounts filed
30-03-2023
State Gazette act
Director changes
2022
24-11-2022
State Gazette act
Director changes
30-05-2022
NBB filing
Annual accounts filed
2021
27-08-2021
State Gazette act
Director changes
18-05-2021
NBB filing
Annual accounts filed
2020
13-10-2020
State Gazette act
Director changes
30-04-2020
NBB filing
Annual accounts filed
2019
03-07-2019
State Gazette act
Director changes
19-06-2019
NBB filing
Annual accounts filed
2018
14-08-2018
State Gazette act
Director changes
14-08-2018
State Gazette act
Director changes
24-04-2018
NBB filing
Annual accounts filed
2017
30-05-2017
NBB filing
Annual accounts filed
2016
28-04-2016
State Gazette act
Director changes
21-03-2016
NBB filing
Annual accounts filed
2015
28-10-2015
State Gazette act
Director changes
30-03-2015
NBB filing
Annual accounts filed
2010
26-02-2010
State Gazette act
Minor change
2008
29-09-2008
State Gazette act
Director changes
Lifecycle & Insolvency Signals
27-02-2025
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 28 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 18
updated 1 year ago
2024
06-11-2024 2 directors appointed
- Michael DuFrayne, Zaakvoerder
- Robert Peter Kiep III, Zaakvoerder
Summary:
v3.2
Technical details
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}06-11-2024 Yvan Willems appointed as statutory auditor
- Yvan Willems, Commissaris
Summary:
v3.2
Technical details
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}14-08-2024 Jacques Geijsen appointed as zaakvoerder belast met dagelijks bestuur
- Jacques Geijsen, Zaakvoerder belast met dagelijks bestuur
Summary:
v3.2
Technical details
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}02-08-2024 Articles of association amended
Summary:
v3.2
Technical details
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"legal_form_change": {
"new": "Vennootschap onder firma",
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}07-03-2024 Articles of association amended
Summary:
v3.2
Technical details
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}2023
10-10-2023 Change in the board of directors
Summary:
v3.2
Technical details
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}10-07-2023 3 directors appointed
- Michael DuFrayne, Zaakvoerder
- Robert Peter Kiep III, Zaakvoerder
- Bart De Keyser, Zaakvoerder
Summary:
v3.2
Technical details
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}30-03-2023 2 directors appointed, 2 resigning
- Robert P. Kiep Ill, Zaakvoerder
- Michael DuFrayne, Zaakvoerder
- George L. Thomas, Zaakvoerder
- Peter E. Driscoll, Zaakvoerder
Summary:
v3.2
Technical details
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}2022
24-11-2022 4 directors appointed
- George L. Thomas, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Bart De Keyser, Zaakvoerder
- Philip Callens, Commissaris revisor
Summary:
v3.2
Technical details
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}2021
27-08-2021 3 directors appointed
- George L. Thomas, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Bart De Keyser, Statutair zaakvoerder
Summary:
v3.2
Technical details
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}2020
13-10-2020 3 directors appointed
- George L. Thomas, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Bart De Keyser, Statutair zaakvoerder
Summary:
v3.2
Technical details
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}2019
03-07-2019 4 directors appointed
- George L. Thomas, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Bart De Keyser, Statutair zaakvoerder
- Philip Callens, Commissaris revisor
Summary:
v3.2
Technical details
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"birth_date": null
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}
],
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}2018
14-08-2018 3 directors appointed
- George L. Thomas, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Bart De Keyser, Zaakvoerder
Summary:
v3.2
Technical details
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}14-08-2018 4 directors appointed
- George L. Thomas, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Bart De Keyser, Zaakvoerder
- Philip Callens, Commissaris revisor
Summary:
v3.2
Technical details
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{
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"role": "commissaris-revisor",
"person": {
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"address": null,
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}
],
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"subject_company": {
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}
}2016
28-04-2016 3 directors appointed
- George L. Thomas, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Bart De Keyser, Statutair zaakvoerder
Summary:
v3.2
Technical details
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},
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}
],
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"subject_company": {
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"name_full": "SIDAPLAX"
}
}2015
28-10-2015 Bart De Keyser appointed as statutair zaakvoerder
- Bart De Keyser, Statutair zaakvoerder
Summary:
v3.2
Technical details
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"name_full": "SIDAPLAX"
}
}2010
26-02-2010 Publication in the Belgian Official Gazette, Minor change
Summary:
Fiscal year changeNotary:
Bart De Keyser · Gent
Technical details
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"firm_city": null,
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"act_meta": {
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"pub_date": "2010-02-26",
"filing_date": "2010-02-16",
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"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2009-09-30",
"unanimous": true
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"subject_company": {
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"legal_form": "VENNOOTSCHAP ONDER FIRMA"
},
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"old_end_mm_dd": "31-10",
"new_start_mm_dd": "01-10",
"old_start_mm_dd": "01-11",
"first_full_new_year": 2011,
"transition_period_end": "2010-11-04"
},
"liquidation_closure": null,
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"special_procuration": null,
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"vakbekwaamheid_change": null,
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"single_shareholder_declaration": null
}2008
29-09-2008 4 directors appointed
- Robert Scholz, Zaakvoerder
- Peter Driscoll, Zaakvoerder
- Theodore Riegert, Zaakvoerder
- Bart De Keyser, Niet statutair zaakvoerder
Summary:
v3.2
Technical details
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"name": "Robert Scholz",
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},
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},
{
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"person": {
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"name": "Theodore Riegert",
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}
},
{
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"address": null,
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}
}
],
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"subject_company": {
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}
}Credit advice
Company registry (CBE)
Activities
Groothandel in chemische producten voor industrieel gebruik46751Groothandel in chemische producten voor industrieel gebruik46851Groothandel in chemische producten51550Vervaardiging van industriële gassen20110Vervaardiging van industriële gassen20110Vervaardiging van industriële gassen24110
Primary activity highlighted.
Names & trade names
| Legal nameNL | Sidaplax |
Registered office
Eddastraat 40
9042 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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