Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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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 1 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SIECO from Mechelen, company number BE0692571684, closed financial year 2025 with a result of € 96,719 after tax. For that financial year SIECO recorded a gross margin of € 215,350 and equity of € -91,336. Compared with financial year 2024, the result moved from € -172,620 to € 96,719. 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 8, 2026.
€ -91,336
▲ € 96,719 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,719
▲ still € 172,620 loss in 2024
Profit after tax over the fiscal year.
€ 24,594
▼ 58% 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 € -109,936.
Debts at end 2025
€ 2 million
▼ 7% vs 2024
€ 148,466 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 2,501
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 42,153 | € 36,334 | € 44,986 | € 215,350 | ▲ € 170,364 |
| Profit after taxes | € -50,303 | € 152,937 | € -172,620 | € 96,719 | ▲ € 269,338 |
| Equity | € -168,373 | € -15,436 | € -188,055 | € -91,336 | ▲ € 96,719 |
| Total debts | € 4,265,978 | € 5,369,524 | € 6,444,696 | € 6,190,263 | ▼ 4% |
| Cash | € 411,308 | € 100,065 | € 59,175 | € 24,594 | ▼ 58% |
| Land & buildings | € 2,241,738 | € 3,430,781 | € 4,748,822 | € 4,608,203 | ▼ 3% |
| Retained profit | € -186,973 | € -34,036 | € -206,655 | € -109,936 | ▲ € 96,719 |
| Bank debt | € 839,808 | € 2,109,580 | € 2,106,298 | € 1,959,237 | ▼ 7% |
| Balance sheet total | € 4,097,605 | € 5,354,089 | € 6,256,641 | € 6,098,926 | ▼ 3% |
Key figures of SIECO, 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 SIECO?
What happened at SIECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96,719. Source: NBB ↗
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
- Kris DE BUYSER became a director. NBB
In short
From € 50,303 loss in 2022 to € 96,719 profit in 2025.
Best year ever: 2023, with € 152,937 profit.
A new publication or filing at SIECO? 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
Behind SIECO is Kris DE BUYSER. It owns 50% of IMMOCAL itself.
Directors
According to the 2025 annual accounts
Kris DE BUYSER
Director
Also active at: DE BUYSER ASSURANCY, SPECIAL PROJECTS TEAM, CONTRACTING & ENGINEERING SERVICES, JWJ INVEST, CES GROUP, CENERGIE, IMMOCAL, CESTIS
since 2018
Establishments
Establishment units
Physical locations of this company
Kapelseweg(HOM) 24
2811 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0692.571.684
- VAT number
- BE 0692.571.684
- Registered office
- Kapelseweg(HOM) 24, 2811 Mechelen
- Names & denominations
- SIECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 2018
- Peppol
- Not registered