SIPS
ActiveThe computed 12-month bankruptcy probability of SIPS is 2.4% (moderate). The annual accounts of SIPS for fiscal year 2024 show a net loss of 70% of total assets and of 62% of the equity at the start of that year. The 2024 annual accounts show equity of €94k and a net result of €-157k. Equity is shrinking by ~18.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 61% of 18940 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency67▼-33
Growth32=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.31 against 4.18 in 2023; short-term debt: 58.2% and cash: 0.5% of total assets), and 58.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
41.8%
Return on assets
-69.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-157k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
26 d early
2022
46 d early
2021
6 d early
2020
44 d early
2019
68 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€94k▼ 62.5%
2023 · €251k
2018: €830k
2019: €677k
2020: €747k
2021: €738k
2022: €448k
2023: €251k
2018 → 2024
Total assets
€225k▼ 32.0%
2023 · €331k
2018: €1.36M
2019: €978k
2020: €1.23M
2021: €929k
2022: €580k
2023: €331k
2018 → 2024
Net result
€-157k▲ 20.7%
2023 · €-198k
2018: €96k
2019: €-153k
2020: €247k
2021: €-9k
2022: €-290k
2023: €-198k
2018 → 2024
Working capital
€40k▼ 81.4%
2023 · €215k
2018: €880k
2019: €696k
2020: €758k
2021: €763k
2022: €403k
2023: €215k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€747k-€738k▼ 1.2%€448k▼ 39.2%€251k▼ 44.1%€94k▼ 62.5%
Operating result€296k-€-2k€-270k▼ 13,612%€-174k▲ 35.6%€-149k▲ 14.0%
Net result€247k-€-9k€-290k▼ 3,096%€-198k▲ 31.8%€-157k▲ 20.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €149k in 2024 against €174k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €225k
Fixed assets
€54k▲ 11.3%
Current assets
€171k▼ 39.5%
Equity and liabilities €225k
Equity
€94k▼ 62.5%
Debt
€131k▲ 62.8%
The debt ratio rises from 24.3% to 58.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-133k▲
2023 · €-158k
Cash flow
€-141k▲
2023 · €-182k
Solvency
41.8%▼
2023 · 75.7%
Current ratio
1.31▼
2023 · 4.18
Quick ratio
0.78▼
2023 · 2.66
Debt / equity
1.39▲
2023 · 0.32
ROE
-166.5%▼
2023 · -78.8%
ROA
-69.6%▼
2023 · -59.7%
Interest coverage
-16.31▼
2023 · -6.79
Debt
€131k▲
2023 · €80k
Debt ≤ 1 year
€131k▲
2023 · €68k
Staff costs
€189k▼
2023 · €240k
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€331k€225k▼
Fixed assets21/28€49k€54k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€43k€47k▲
Plant, machinery and equipment23€16k€15k▼
Furniture and vehicles24€14k€6k▼
Other tangible fixed assets26€13k€26k▲
Financial fixed assets28€5k€5k=
Current assets29/58€283k€171k▼
Stocks and contracts in progress3€103k€69k▼
Stocks30/36€103k€69k▼
Amounts receivable within one year40/41€162k€95k▼
Trade receivables40€127k€87k▼
Other amounts receivable41€34k€8k▼
Cash at bank and in hand54/58€15k€1k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€331k€225k▼
Equity10/15€251k€94k▼
Contributions10/11€25k€25k=
Reserves13€722k€722k=
Distributable reserves133€722k€722k=
Profit (loss) carried forward14€-496k€-653k▼
Amounts payable17/49€80k€131k▲
Amounts payable after more than one year17€13k-
Financial debts170/4€13k-
Amounts payable within one year42/48€68k€131k▲
Current portion of amounts payable after more than one year42€30k€13k▼
Financial debts43-€46k
Credit institutions430/8-€46k
Trade debts44€14k€43k▲
Suppliers440/4€14k€43k▲
Taxes, remuneration and social security45€24k€17k▼
Taxes450/3€4k€839▼
Remuneration and social security454/9€20k€16k▼
Other amounts payable47/48-€12k
Income statement
Code20232024
Remuneration, social security and pensions62€240k€189k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€38k€30k▼
Gross operating margin9900€119k€85k▼
Operating profit (loss)9901€-174k€-149k▲
Financial income75/76B-€913
Recurring financial income75-€913
Financial charges65/66B€23k€8k▼
Recurring financial charges65€23k€8k▼
Profit (loss) for the period before taxes9903€-197k€-157k▲
Income taxes67/77€550-
Profit (loss) for the period9904€-198k€-157k▲
Profit (loss) for the period to be appropriated9905€-198k€-157k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-496k€-653k▼
Profit (loss) brought forward from the previous period14P€-299k€-496k▼
Social balance
Average headcount (FTE)90873.2-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-290k
Net result drops to €-290k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 7.21
Current ratio from 2.85 to 7.21; short-term debt falls from €410k to €123k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €247k
Net result €247k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Antwerpen · 2 establishment units since 2001
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.
Gillisplaats 82000 AntwerpenGround area
2.8 ha
Building footprint
7,772 m²
Volume, LiDAR
49,664 m³
2 parcels, Flanders · tallest building 18.1 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
SIPS
since 20012.101.145.011
SIPS Depot - Fentimans Belgium - Spring gin - Uppercut
since 20192.297.129.650
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027A0071/00D000 | Flanders | 2.8 ha | 1 · 7,713 m² | 8.4 m · 2 fl. |
| 11811L3712/00G000 | Flanders | 59 m² | 1 · 59 m² | 18.1 m · 6 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 24,640 EUR awarded · 24,640 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,060 EUR | 3,060 EUR |
| 2024 | 2 | 9,500 EUR | 9,500 EUR |
| 2022 | 1 | 12,080 EUR | 12,080 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAntwerpen2.101.145.011
Herentals2.297.129.650
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,893. 3,744 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-08-2000
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
46349Wholesale of beverages, general range
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.