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 18 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 21.6 to 10.7.
Financials
Financial year 2025
SI BEL SO from Sint-Niklaas, company number BE0889842663, closed financial year 2025 with a result of € -2,989 after tax. For that financial year SI BEL SO recorded a gross margin of € 261,459 and equity of € -301,751. Compared with financial year 2024, the result moved from € -49,702 to € -2,989. 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 July 9, 2026.
€ -301,751
▼ € 2,989 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,989
▲ 94 % less loss than in 2024
Profit after tax over the fiscal year.
€ 33,891
▲ 131% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -307,951.
People and assets in 2025
10.7
▼ 6.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 255,252
▼ 41% vs 2024
€ 23,900 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.
Debts at end 2025
€ 13,677
Loans from banks and other lenders, long and short.
€ 4,124
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,399
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 562,263 | € 555,601 | € 425,329 | € 261,459 | ▼ 39% |
| Profit after taxes | € -70,503 | € 28,402 | € -49,702 | € -2,989 | ▲ € 46,713 |
| Equity | € -277,462 | € -249,060 | € -298,762 | € -301,751 | ▼ € 2,989 |
| Total debts | € 403,160 | € 393,650 | € 368,478 | € 369,799 | |
| Cash | € 44,181 | € 26,173 | € 14,646 | € 33,891 | ▲ 131% |
| Land & buildings | € 82 | - | - | - | |
| Retained profit | € -283,662 | € -255,260 | € -304,962 | € -307,951 | ▼ € 2,989 |
| Bank debt | € 37,422 | € 24,272 | € 13,720 | € 13,677 | |
| Balance sheet total | € 135,697 | € 144,589 | € 69,716 | € 68,048 | ▼ 2% |
| Employees (FTE) | 24.5 | 21.6 | 17.4 | 10.7 | ▼ 6.7 |
Key figures of SI BEL SO, 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 SI BEL SO?
What happened at SI BEL SO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,989. Source: NBB ↗
- New establishment in Aartselaar. KBO
- New establishment in Antwerpen. KBO
- New establishment in Gent. KBO
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
- Hedwig Van Raemdonck became a director. NBB
In short
From € 70,503 loss in 2022 to € 2,989 loss in 2025.
Best year ever: 2023, with € 28,402 profit.
On average € 24,400 of value added per employee in 2025.
A new publication or filing at SI BEL SO? 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 SI BEL SO is Hedwig Van Raemdonck. Hedwig Van Raemdonck is also behind VARTEKS TRADING, VARTEKS MACHINES, VAN OSTA, SEA-BORN and VAN OSTA HOME SERVICE.
Directors
According to the 2025 annual accounts
Hedwig Van Raemdonck
Director
Also active at: VARTEKS TRADING, VARTEKS MACHINES, VAN OSTA, SEA-BORN, VAN OSTA HOME SERVICE
since 2007
Establishments
Establishment units
Physical locations of this company
Industriepark-West 73
9100 Sint-Niklaas
Hollenaarstraat 137
9041 Gent
Active since 1 January 2008
Alfred Verweeplein 16
8300 Knokke-Heist
Active since 1 January 2008
Kapellestraat 44
2630 Aartselaar
Active since 19 February 2015
Brouwersvliet 32
2000 Antwerpen
Active since 19 February 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0889.842.663
- VAT number
- BE 0889.842.663
- Registered office
- Industriepark-West 73, 9100 Sint-Niklaas
- Names & denominations
- SI BEL SO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2007
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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