ACTIVE

SI² FUND

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Financial year 2025 · closed on 31/12/2025
Net result
-1,3 M €
-390.1% YoY
Revenue
10,3 k €
Equity
4 M €
-25.3% YoY
Workforce
0,0 ETP

What does SI² FUND do?

SI² FUND is a Private limited company incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0847.884.027
Incorporation
07/08/2012
Legal form
Private limited company
Registered office
Rue Joseph II 20
1000 Bruxelles · BruxellesSee on map
Contributed capital
14 955 982,65 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201820172016201520142013
Income statement
Revenue10,3 k €––––19,2 k €450 €–38,6 k €16 k €16 k €33,3 k €
EBITDA-243,1 k €-289,4 k €-252,4 k €-246,9 k €-467,2 k €-606,5 k €-580,8 k €-488,2 k €-670,3 k €-560,6 k €-316,2 k €-367,4 k €
Operating result-243,1 k €-289,4 k €-252,4 k €-246,9 k €-408,2 k €-606,5 k €-520,5 k €-599,6 k €-577,7 k €-622,9 k €-436,5 k €-410,9 k €
Net result-1,3 M €462,6 k €-584,7 k €-379,3 k €-430,8 k €-477,9 k €-895,7 k €-3,6 M €-1,3 M €-587,6 k €-811,2 k €-369,3 k €
Balance sheet
Equity4 M €5,3 M €6 M €6,3 M €6,1 M €5,9 M €3,7 M €3,2 M €4,6 M €3,4 M €1,8 M €2,6 M €
Total assets4 M €5,4 M €6,1 M €6,3 M €6,1 M €6 M €3,9 M €3,5 M €4,8 M €3,5 M €1,8 M €2,6 M €
Cash20,9 k €318,5 k €527 k €597,1 k €767,9 k €834,1 k €1,4 M €837,6 k €736,3 k €1,3 M €119,6 k €1,6 M €
Debts48,6 k €67,6 k €59 k €51,8 k €75,1 k €87,1 k €126,5 k €281,5 k €230,2 k €90,3 k €37,4 k €22,8 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP–––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 32 ended

Active mandates

Egmond Brenninkmeijer

Director · since 19 avril 2018 · until 09 mai 2030

Active
Piet Colruyt

Director · since 19 avril 2018 · until 09 mai 2030

Active
Steven Serneels

Director · since 19 avril 2018 · until 09 mai 2030

Active

Ended mandates

Marc Flammang

Director · since 18 avril 2019 · until 18 avril 2024

Ended
Marc Flammang

Director · since 18 avril 2019 · until 13 mai 2024

Ended
Egmond Brenninckmeijer

Director · since 19 avril 2018 · until 18 avril 2024

Ended
Egmond Brenninkmeijer

Director · since 19 avril 2018 · until 18 avril 2024

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/05/202622/05/202510/06/202430/05/202311/07/202228/05/2021
General meeting18/05/202608/05/202513/05/202411/05/202319/05/202206/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/05/202619/05/2026DutchPDF
Abridged model31/12/202408/05/202522/05/2025DutchPDF
Abridged model31/12/202313/05/202410/06/2024DutchPDF
Abridged model31/12/202211/05/202330/05/2023DutchPDF
Abridged model31/12/202119/05/202211/07/2022DutchPDF
Abridged model31/12/202006/05/202128/05/2021DutchPDF
Abridged model31/12/201923/04/202029/05/2020DutchPDF
Abridged model31/12/201818/04/201922/05/2019DutchPDF
Abridged model31/12/201719/04/201802/05/2018DutchPDF
Full model31/12/201620/04/201717/05/2017DutchPDF
Full model31/12/201521/04/201618/05/2016DutchPDF
Full model31/12/201406/05/201518/05/2015DutchPDF
Full model31/12/201319/06/201416/07/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 3 active · 32 ended

Active mandates

Egmond Brenninkmeijer

Director · since 19 avril 2018 · until 09 mai 2030

Active
Piet Colruyt

Director · since 19 avril 2018 · until 09 mai 2030

Active
Steven Serneels

Director · since 19 avril 2018 · until 09 mai 2030

Active

Ended mandates

Marc Flammang

Director · since 18 avril 2019 · until 18 avril 2024

Ended
Marc Flammang

Director · since 18 avril 2019 · until 13 mai 2024

Ended
Egmond Brenninckmeijer

Director · since 19 avril 2018 · until 18 avril 2024

Ended
Egmond Brenninkmeijer

Director · since 19 avril 2018 · until 18 avril 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Annual accounts04/06/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - JAARREKENINGEN
    PDF
  • Mandates10/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/05/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
    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

Timeline

  1. 2025
    Annual accounts 2025-1,3 M €↓
  2. 2024
    Annual accounts 2024462,6 k €↑
  3. 2023
    Annual accounts 2023-584,7 k €↓
  4. 2022
    Annual accounts 2022-379,3 k €↑
  5. 2021
    Annual accounts 2021-430,8 k €↑
  6. 2020
    Annual accounts 2020-477,9 k €↑
  7. 2018
    Annual accounts 2018-895,7 k €↑
  8. 2017
    Annual accounts 2017-3,6 M €↓
  9. 2016
    Annual accounts 2016-1,3 M €↓
  10. 2015
    Annual accounts 2015-587,6 k €↑
  11. 2014
    Annual accounts 2014-811,2 k €↓
  12. 2013
    Annual accounts 2013-369,3 k €
  13. 07/08/2012
    IncorporationPrivate limited company