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.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GROUP SIU from Kortrijk, company number BE0677648532, closed financial year 2025 with a result of € 32,645 after tax. For that financial year GROUP SIU recorded revenue of € 343,198 and equity of € -22,923. Compared with financial year 2024, the result moved from € -3,172 to € 32,645. Profitable, and profit is growing. 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 July 16, 2026.
€ -22,923
▲ € 33,813 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,645
▲ still € 3,172 loss in 2024
Profit after tax over the fiscal year.
€ 19,051
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -32,519.
People and assets in 2025
0.6
Average over the fiscal year, from the social balance sheet.
€ 37,642
▼ 69% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 887
▼ 96% vs 2024
Of which on lease € 887.
Debts at end 2025
€ 635,961
▼ 19% vs 2024
€ 43,695 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 16,740
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,519
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 343,198 | |
| Gross margin | € 56,168 | € 248,400 | € 223,682 | € 154,369 | ▼ 31% |
| Profit after taxes | € -81,689 | € 13,716 | € -3,172 | € 32,645 | ▲ € 35,817 |
| Equity | € -70,880 | € -57,164 | € -56,736 | € -22,923 | ▲ € 33,813 |
| Total debts | € 946,242 | € 922,015 | € 884,619 | € 696,354 | ▼ 21% |
| Cash | € 11,777 | € 19,255 | € 27,851 | € 19,051 | ▼ 32% |
| Land & buildings | € 675,577 | € 658,268 | € 633,459 | € 559,433 | ▼ 12% |
| Retained profit | € -77,080 | € -63,364 | € -66,536 | € -32,519 | ▲ € 34,017 |
| Bank debt | € 893,652 | € 844,706 | € 785,514 | € 635,961 | ▼ 19% |
| Balance sheet total | € 875,361 | € 864,851 | € 827,883 | € 673,432 | ▼ 19% |
| Employees (FTE) | 1 | 3.5 | - | 0.6 |
Key figures of GROUP SIU, 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 GROUP SIU?
What happened at GROUP SIU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32,645. Source: NBB ↗
- Kwan-Juk Siu stepped down as director. NBB
- Wing Sheung Siu stepped down as director. NBB
- New establishment in Kortrijk. KBO
- Kwan-Hi Siu became a director. NBB
- Kwan-Juk Siu became a director. NBB
- Wing Sheung Siu became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 81,689 loss in 2022 to € 32,645 profit in 2025.
Paid € 2,713 in corporate taxes since 2022.
Best year ever: 2025, with € 32,645 profit.
On average € 71,000 of value added per employee in 2023.
A new publication or filing at GROUP SIU? We notify you, reason included.
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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
Directors
According to the 2025 annual accounts
Kwan-Hi Siu
Director
since 2017
since 2017 · until 2025
Wing Sheung Siu
Director
since 2017 · until 2025
Establishments
Establishment units
Physical locations of this company
Dolfijnkaai(Kor) 12
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0677.648.532
- VAT number
- BE 0677.648.532
- Registered office
- Dolfijnkaai(Kor) 12, 8500 Kortrijk
- Names & denominations
- GROUP SIU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2017
- Peppol
- Active · Active since 31 Mar 2024
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening