Summary
SIEBRESAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €290k and a net result of €32k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 8023 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
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. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
13 d early
2023
19 d late
2022
28 d early
2021
19 d late
2020
24 d late
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€290k▲ 12.3%
2024 · €258k
2018: €202k
2019: €233k
2020: €264k
2021: €277k
2022: €289k
2023: €298k
2024: €258k
2018 → 2025
Net result
€32k
2024 · €-15k
2018: €24k
2019: €31k
2020: €31k
2021: €37k
2022: €39k
2023: €36k
2024: €-15k
2018 → 2025
Total assets
€554k▲ 1.0%
2024 · €549k
2018: €209k
2019: €237k
2020: €266k
2021: €278k
2022: €289k
2023: €331k
2024: €549k
2018 → 2025
Solvency
52.3%▲ 5.2pp
2024 · 47.1%
2018: 96.7%
2019: 98.7%
2020: 99.5%
2021: 99.9%
2022: 99.9%
2023: 90.0%
2024: 47.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€277k-€289k▲ 4.2%€298k▲ 3.1%€258k▼ 13.3%€290k▲ 12.3%
Operating result€46k-€48k▲ 5.2%€50k▲ 4.1%€3k▼ 93.2%€55k▲ 1,518%
Net result€37k-€39k▲ 5.8%€36k▼ 8.1%€-15k€32k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,518% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554k
Fixed assets
€477k =
Current assets
€77k ▲ 7.8%
Equity and liabilities €554k
Equity
€290k ▲ 12.3%
Debt
€264k ▼ 9.0%
Debt's share of the balance-sheet total falls from 52.9% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.9%▲
2024 · -5.9%
ROA
5.7%▲
2024 · -2.8%
Debt ≤ 1 year
€86k▲
2024 · €81k
Debt > 1 year
€178k▼
2024 · €207k
Income taxes
€14k▲
2024 · €14k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€549k€554k▲
Fixed assets21/28€477k€477k=
Tangible fixed assets22/27€477k€477k=
Land and buildings22€477k€477k=
Furniture and vehicles24€0-
Current assets29/58€72k€77k▲
Amounts receivable within one year40/41€12k€0▼
Other amounts receivable41€12k€0▼
Current investments50/53€56k€56k=
Cash at bank and in hand54/58€5k€22k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€549k€554k▲
Equity10/15€258k€290k▲
Contributions10/11€48k€48k=
Reserves13€211k€243k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€211k€243k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€290k€264k▼
Amounts payable after more than one year17€207k€178k▼
Financial debts170/4€207k€178k▼
Amounts payable within one year42/48€81k€86k▲
Current portion of amounts payable after more than one year42€29k€29k=
Trade debts44€126€128▲
Suppliers440/4€126€128▲
Taxes, remuneration and social security45€0€5k▲
Taxes450/3€0€5k▲
Other amounts payable47/48€52k€52k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€0▼
Other operating charges640/8€867€1k▲
Gross operating margin9900€54k€56k▲
Operating profit (loss)9901€3k€55k▲
Financial income75/76B€1k€664▼
Recurring financial income75€1k€664▼
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€-1k€46k▲
Income taxes67/77€14k€14k▲
Profit (loss) for the period9904€-15k€32k▲
Profit (loss) for the period to be appropriated9905€-15k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€32k▼
Profit (loss) brought forward from the previous period14P€48k€0▼
Transfer from equity791/2€24k€0▼
Transfer to equity691/2€32k€32k▼
To other reserves6921€32k€32k▼
Profit to be distributed694/7€24k€0▼
Return on contributions (dividend)694€24k€0▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-15k ▼143%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €39k ▲5.8%
Net result €39k, the highest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 755.91
Current ratio from 191.29 to 755.91; short-term debt falls from €1k to €328.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 191.29
Current ratio from 66.64 to 191.29; short-term debt falls from €3k to €1k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 66.64
Current ratio from 25.72 to 66.64; short-term debt falls from €7k to €3k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Poperinge · 1 establishment unit since 2014
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.
Ieperseweg 468970 PoperingeGround area
1.4 ha
Building footprint
178 m²
Volume, LiDAR
1,090 m³
Parcel 33312D0598/00S000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIEBRESAR
since 20142.229.749.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33312D0598/00S000 | Flanders | 1.4 ha | 1 · 178 m² | 10.1 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500IIC6YNG42UUH30
Similar companies · same sector, comparable size
CEANDECO INVEST
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URSA GESTION
BE 0774.756.024
Sint-Gillis (bij-Brussel) · Eq €290,339
PARISSE HOLDING
BE 0716.649.361
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TORMACO
BE 0811.027.391
Herentals · Eq €290,372
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,754 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 formPrivate limited company
Founded28-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46140Agents in the wholesale of industrial machinery, ships and aircraft
47525Retail 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
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.