Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
SICK from Asse, company number BE0431448872, closed financial year 2025 with a result of € 607,693 after tax. For that financial year SICK recorded revenue of € 27.6 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € 10.2 million to € 607,693. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 4.1 million
▼ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 607,693
▼ 94% vs 2024
Profit after tax over the fiscal year.
€ 30
Cash and bank balances on the last day of the fiscal year.
€ 2.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
37.1
▼ 14.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.3 million
▼ 25% vs 2024
€ 142,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.3 million
▲ € 2.3 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 4.9 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 41,460,344 | € 37,599,470 | € 27,622,959 | ▼ 27% |
| Profit after taxes | € 1,271,411 | € 10,196,226 | € 607,693 | ▼ 94% |
| Equity | € 5,780,366 | € 5,976,592 | € 4,084,285 | ▼ 32% |
| Total debts | € 10,984,899 | € 16,443,176 | € 10,355,812 | ▼ 37% |
| Cash | € 30 | € 30 | € 30 | |
| Retained profit | € 5,705,998 | € 5,902,224 | € 4,009,917 | ▼ 32% |
| Dividend | € 1,000,000 | € 10,000,000 | € 2,500,000 | ▼ 75% |
| Balance sheet total | € 16,806,515 | € 22,944,830 | € 15,207,243 | ▼ 34% |
| Employees (FTE) | 50.9 | 51.6 | 37.1 | ▼ 14.5 |
Key figures of SICK, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SICK?
What happened at SICK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Massimo Azzerri stepped down as director. NBB
- Alan Reeves stepped down as director. NBB
- Jan Van Hoof stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 607,693 (▼ 94% vs 2024). Source: NBB ↗
- Massimo Azzerri became a director. NBB
- Alan Reeves became a director. NBB
- Jan Van Hoof became a director. NBB
- New establishment in Asse. KBO
In short
From € 1.3 million profit in 2023 to € 607,693 profit in 2025.
Paid € 4.8 million in corporate taxes since 2023.
Best year ever: 2024, with € 10.2 million profit.
Paid out € 13.5 million in dividends to the owners in total.
Management
The shares are held by SICK AG (100%).
Directors
According to the 2025 annual accounts
Massimo Azzerri
Director
since 2025 · until 2028
Alan Reeves
Director
since 2024 · until 2027
Jan Van Hoof
Director
since 2024 · until 2027
Shareholders
SICK AG
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Doornveld 10
1731 Asse
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.448.872
- VAT number
- BE 0431.448.872
- Registered office
- Doornveld 10, 1731 Asse
- Names & denominations
- SICK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 1987
- Peppol
- Active · Active since 10 Jul 2026
- Activities · NACE
Groothandel in meet-, controle- en navigatieinstrumenten
Groothandel in andere machines en werktuigen, neg
Groothandel in vervoermiddelen met uitzondering van auto's, motorrijwielen en rijwielen, in meetapparaten en -instrumenten, in navigatieapparatuur en andere diverse machines en uitrusting voor de nijv
Groothandel in andere machines en werktuigen, n.e.g.