Financials
Financial year 2025
Sibova Insurance from Hasselt, company number BE0439457906, closed financial year 2025 with a result of € -20,622 after tax. For that financial year Sibova Insurance recorded a gross margin of € 699,305 and equity of € 768,632. Compared with financial year 2024, the result moved from € 112,727 to € -20,622. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ 768,632
▲ 181% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,622
▼ still € 112,727 profit in 2024
Profit after tax over the fiscal year.
€ 4,714
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 153,720.
People and assets in 2025
9.3
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 495,850
▲ 33% vs 2024
€ 53,300 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.
€ 14,973
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 293,882
▼ 27% vs 2024
€ 58,837 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 248,778
▲ 215% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 132,602
▼ 45% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 533,646 | € 408,306 | € 693,012 | € 699,305 | ▲ 1% |
| Profit after taxes | € 11,907 | € -51,990 | € 112,727 | € -20,622 | ▼ € 133,349 |
| Equity | € 212,605 | € 160,615 | € 273,342 | € 768,632 | ▲ 181% |
| Total debts | € 1,170,102 | € 1,005,788 | € 839,000 | € 1,491,867 | ▲ 78% |
| Cash | € 7,378 | € 4,719 | € 11,106 | € 4,714 | ▼ 58% |
| Land & buildings | € 5,599 | € 4,289 | € 0 | - | |
| Retained profit | € 113,605 | € 61,615 | € 174,342 | € 153,720 | ▼ 12% |
| Bank debt | € 560,729 | € 469,099 | € 402,197 | € 293,882 | ▼ 27% |
| Balance sheet total | € 1,382,707 | € 1,166,403 | € 1,112,342 | € 2,260,499 | ▲ 103% |
| Employees (FTE) | 7.7 | 7.5 | 6.7 | 9.3 | ▲ 2.6 |
Key figures of Sibova Insurance, fiscal years 2022 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 Sibova Insurance?
What happened at Sibova Insurance in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,622 (▼ € 133,349 vs 2024). filed late Source: NBB ↗
- Riskcare BV became a director. NBB
- GV Insured BV became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,907 profit in 2022 to € 20,622 loss in 2025.
Paid € 117,753 in corporate taxes since 2022.
Best year ever: 2024, with € 112,727 profit.
On average € 75,200 of value added per employee in 2025.
Management
The stake of T.G.S., TGRS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Sibova InsuranceBehind Sibova Insurance are Riskcare BV and GV Insured BV. The shares are held by Atlantaco (100%), T.G.S. (37.5%) and TGRS (37%).
Directors
According to the 2025 annual accounts
Director · represented by Kerremans Herman
Also active at: JEAN CRAB ET SES FILS, Devaux, Roland Associés, Sharp Insurance Brokers, Sur., MAXI ASSUR, RISK MANAGEMENT ASSURANCES, SERVASSIM, MALFAIT VERZEKERINGSKANTOOR +14 more
since 2025
Director · represented by Vanwinge Gauthier
Also active at: MAXI ASSUR, AtlantaCo, Assurga
since 2025
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Lindestraat 43A box 1.1
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0439.457.906
- VAT number
- BE 0439.457.906
- Registered office
- Grote Lindestraat 43A bus 1.1, 3500 Hasselt
- Names & denominations
- Sibova Insurance
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1989
- Peppol
- Active · Active since 22 Jan 2026
- Contact
- sibova.be
- Activities · NACE
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