Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7.1 to 6.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SIIS EUROPE from Sint-Gillis (bij-Brussel), company number BE0612997636, closed financial year 2025 with a result of € -140,700 after tax. For that financial year SIIS EUROPE recorded a gross margin of € 496,734 and equity of € -1.3 million. Compared with financial year 2024, the result moved from € -380,689 to € -140,700. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 19, 2026.
€ -1.3 million
▼ € 140,700 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -140,700
▲ 63 % less loss than in 2024
Profit after tax over the fiscal year.
€ 104,394
▲ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
People and assets in 2025
6
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 362,639
▼ 5% vs 2024
€ 60,400 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.
€ 2,745
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 119,750
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,619
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 146,870 | € 385,463 | € 380,626 | € 496,734 | ▲ 31% |
| Profit after taxes | € 996,550 | € 959,115 | € -380,689 | € -140,700 | ▲ € 239,989 |
| Equity | € -1,785,604 | € -826,491 | € -1,207,180 | € -1,347,880 | ▼ € 140,700 |
| Total debts | € 2,533,809 | € 1,725,600 | € 1,942,582 | € 2,028,033 | ▲ 4% |
| Cash | € 100,421 | € 63,715 | € 66,456 | € 104,394 | ▲ 57% |
| Land & buildings | - | € 3,293 | - | - | |
| Retained profit | € -2,320,604 | € -1,361,491 | € -1,742,180 | € -1,882,880 | ▼ € 140,700 |
| Balance sheet total | € 748,205 | € 899,109 | € 735,401 | € 680,152 | ▼ 8% |
| Employees (FTE) | 6.3 | 7.1 | 6.7 | 6 | ▼ 0.7 |
Key figures of SIIS EUROPE, 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 SIIS EUROPE?
What happened at SIIS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 140,700. filed late Source: NBB ↗
- Groupe Usine S. Etr. became a director. NBB
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 996,550 profit in 2022 to € 140,700 loss in 2025.
Best year ever: 2022, with € 996,550 profit.
On average € 82,800 of value added per employee in 2025.
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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 SIIS EUROPE are Groupe Usine S. Etr., Patrick Rizzo and Patrick Joly.
Directors
According to the 2025 annual accounts
Groupe Usine S. Etr.
Director
since 2019
Patrick Rizzo
Director
Patrick Joly
Director
Establishments
Establishment units
Physical locations of this company
Gulden-Vlieslaan 56-60
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0612.997.636
- VAT number
- BE 0612.997.636
- Registered office
- Gulden-Vlieslaan 56-60, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- SIIS EUROPE · L'USINE BRUXELLES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 2015
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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