Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SISCOR from Elsene, company number BE0444621274, closed financial year 2025 with a result of € -9,275 after tax. For that financial year SISCOR recorded a gross margin of € 198,117 and equity of € 87,573. Compared with financial year 2024, the result moved from € -23,319 to € -9,275. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 87,573
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,275
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
€ 31,470
▲ 171% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 810.
Debts at end 2025
€ 1.2 million
▼ 11% vs 2024
€ 136,949 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 45,562
▲ 136% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,981
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 178,260 | € 192,108 | € 174,123 | € 198,117 | ▲ 14% |
| Profit after taxes | € 14,908 | € -214,376 | € -23,319 | € -9,275 | ▲ € 14,044 |
| Equity | € 334,543 | € 120,166 | € 96,848 | € 87,573 | ▼ 10% |
| Total debts | € 2,188,811 | € 1,967,232 | € 1,901,706 | € 1,794,889 | ▼ 6% |
| Cash | € 172,033 | € 21,034 | € 11,633 | € 31,470 | ▲ 171% |
| Land & buildings | € 2,107,779 | € 1,973,120 | € 1,881,491 | € 1,739,435 | ▼ 8% |
| Retained profit | € 247,780 | € 33,404 | € 10,085 | € 810 | ▼ 92% |
| Bank debt | € 1,627,513 | € 1,479,739 | € 1,330,678 | € 1,180,838 | ▼ 11% |
| Balance sheet total | € 2,591,892 | € 2,150,491 | € 2,056,201 | € 1,934,665 | ▼ 6% |
| Employees (FTE) | 0.3 | - | 0 | - |
Key figures of SISCOR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to SISCOR?
What happened at SISCOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,275. Source: NBB ↗
- Koen VERMEERSCH became a director. NBB
- Pieter VERMEERSCH became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,908 profit in 2022 to € 9,275 loss in 2025.
Paid € 58,000 in corporate taxes since 2022.
Best year ever: 2022, with € 14,908 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SISCOR are Koen VERMEERSCH and Pieter VERMEERSCH. It owns 100% of Textile Industry itself.
Directors
According to the 2025 annual accounts
Koen VERMEERSCH
Director
since 2020
Pieter VERMEERSCH
Director
Also active at: TEXTILE INDUSTRY, NOII, M80 Partners, Theuma Group, Coxcomb Red, Liburna
since 2018
Establishments
Establishment units
Physical locations of this company
Sint-Jorisstraat 28
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0444.621.274
- VAT number
- BE 0444.621.274
- Registered office
- Sint-Jorisstraat 28, 1050 Elsene
- Names & denominations
- SISCOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 1991
- Peppol
- Active · Active since 23 Dec 2025