ACTIVE

SIBAY (SRL)

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Financial year 2025 · closed on 31/12/2025

Net result

-34,5 k €

+7.0% YoY

Gross margin

27,7 k €

-0.9% YoY

Equity

-352,1 k €

-10.9% YoY

What does SIBAY do?

SIBAY is a Private limited company incorporated in 2012. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0843.861.594

Incorporation

22/02/2012

Legal form

Private limited company

Registered office

Chaussée de Tournai(R-C) 52/1
7520 Tournai · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

Positive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2019		2018		2014		2013		2012
Income statement
Gross margin	27,7 k €	-0.9%	27,9 k €	+7.4%	26 k €	-5.4%	27,5 k €	-57.1%	64,1 k €	+209%	20,7 k €	-46.2%	38,5 k €	-13.9%	44,7 k €	+1.7%	44 k €	+208%	14,3 k €
EBITDA	23,1 k €	-1.6%	23,5 k €	+5.8%	22,2 k €	-7.7%	24 k €	-60.0%	60,2 k €	+273%	16,1 k €	-53.0%	34,3 k €	-16.4%	41 k €	+1.7%	40,3 k €	+191%	13,8 k €
Operating result	-8,4 k €	-5.6%	-7,9 k €	+9.9%	-8,8 k €	-41.3%	-6,2 k €	-119%	32,5 k €	+385%	-11,4 k €	-258%	7,2 k €	-37.4%	11,6 k €	-22.1%	14,8 k €	+112%	-119,5 k €
Net result	-34,5 k €	+7.0%	-37,1 k €	-8.5%	-34,2 k €	-52.7%	-22,4 k €	-269%	13,2 k €	+140%	-33,1 k €	-113%	-15,5 k €	-19.9%	-13 k €	-22.2%	-10,6 k €	+91.6%	-126,5 k €
Balance sheet
Equity	-352,1 k €	-10.9%	-317,6 k €	-13.2%	-280,5 k €	-13.9%	-246,3 k €	-10.0%	-223,9 k €	-14.5%	-195,6 k €	-20.4%	-162,5 k €	-23.6%	-131,5 k €	-10.9%	-118,5 k €	-9.8%	-107,9 k €
Total assets	505,1 k €	-5.7%	535,6 k €	-5.4%	566,4 k €	-3.8%	588,8 k €	-2.1%	601,1 k €	+1.6%	591,7 k €	-5.6%	626,7 k €	-12.1%	712,6 k €	-1.8%	725,5 k €	-5.5%	767,7 k €
Cash	2,9 k €	+86.2%	1,5 k €	-32.9%	2,3 k €	+29424%	7,8 €	-99.3%	1 k €	-72.6%	3,8 k €	-64.7%	10,8 k €	+270%	2,9 k €	-61.5%	7,6 k €	-67.6%	23,5 k €
Debts	857,2 k €	+0.5%	853,2 k €	+1.0%	845 k €	+1.4%	833,7 k €	+1.2%	823,6 k €	+4.8%	785,9 k €	-0.2%	787,8 k €	-6.7%	844 k €	+0.1%	843,3 k €	-3.6%	875 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Dorothée MULLIEZ

Director · since 30 mai 2023

Active

Vianney BONDUELLE

Director · since 30 mai 2023

Active

Ended mandates

Dorothée MULLIEZ

Director · since 28 mai 2018

Ended

Dorothée MULLIEZ

Associate · since 28 mai 2018

Ended

Vianney Bonduelle

Administrator - manager · since 13 février 2012

Ended

Vianney BONDUELLE

Director · since 13 février 2012

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/06/2026	27/06/2025	02/07/2024	10/07/2023	20/06/2022	22/06/2021
General meeting	13/05/2026	17/06/2025	21/05/2024	15/05/2023	19/05/2022	17/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/05/2026	01/06/2026	French	PDF
Micro model	31/12/2024	17/06/2025	27/06/2025	French	PDF
Micro model	31/12/2023	21/05/2024	02/07/2024	French	PDF
Abridged model	31/12/2022	15/05/2023	10/07/2023	French	PDF
Abridged model	31/12/2021	19/05/2022	20/06/2022	French	PDF
Micro model	31/12/2020	17/05/2021	22/06/2021	French	PDF
Micro model	31/12/2019	18/05/2020	15/06/2020	French	PDF
Micro model	31/12/2018	20/05/2019	04/07/2019	French	PDF
Micro model	31/12/2017	22/05/2018	14/06/2018	French	PDF
Micro model	31/12/2016	15/05/2017	07/06/2017	French	PDF
Abridged model	31/12/2015	16/05/2016	23/05/2016	French	PDF
Abridged model	31/12/2014	31/10/2015	25/11/2015	French	PDF
Abridged model	31/12/2013	29/08/2014	30/08/2014	French	PDF
Abridged model	31/12/2012	26/09/2013	27/09/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Dorothée MULLIEZ

Director · since 30 mai 2023

Active

Vianney BONDUELLE

Director · since 30 mai 2023

Active

Ended mandates

Dorothée MULLIEZ

Director · since 28 mai 2018

Ended

Dorothée MULLIEZ

Associate · since 28 mai 2018

Ended

Vianney Bonduelle

Administrator - manager · since 13 février 2012

Ended

Vianney BONDUELLE

Director · since 13 février 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office01/07/2019
SIEGE SOCIAL
PDF
Mandates22/06/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office10/05/2017
SIEGE SOCIAL
PDF
Other06/03/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-34,5 k €↑
2024
Annual accounts 2024-37,1 k €↓
2023
Annual accounts 2023-34,2 k €↓
2022
Annual accounts 2022-22,4 k €↓
2021
Annual accounts 202113,2 k €↑
2019
Annual accounts 2019-33,1 k €↓
2018
Annual accounts 2018-15,5 k €↓
2014
Annual accounts 2014-13 k €↓
2013
Annual accounts 2013-10,6 k €↑
2012
Annual accounts 2012-126,5 k €
22/02/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SIBAY (SRL)

Overview

What does SIBAY do?

Trend over 10 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline