S&A
ActiveS&A has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €353k. Equity is shrinking by ~49.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 33% of 2162 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency48▲+48
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 0.36 in 2024; short-term debt: 77.3% and cash: 47.6% of total assets), and 77.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.7%
Return on assets
126.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€63k
2024 · €-290k
2019: €30k
2020: €23k
2021: €-116k
2022: €-234k
2023: €-245k
2024: €-290k
2019 → 2025
Total assets
€279k▲ 68.6%
2024 · €165k
2019: €313k
2020: €316k
2021: €225k
2022: €156k
2023: €165k
2024: €165k
2019 → 2025
Net result
€353k
2024 · €-45k
2019: €-32k
2020: €-7k
2021: €-139k
2022: €-118k
2023: €-11k
2024: €-45k
2019 → 2025
Working capital
€63k
2024 · €-290k
2019: €30k
2020: €23k
2021: €-116k
2022: €-234k
2023: €-245k
2024: €-290k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-116k-€-234k▼ 101%€-245k▼ 4.6%€-290k▼ 18.3%€63k
Operating result€-139k-€-118k▲ 15.1%€-10k▲ 91.4%€-45k▼ 339%€355k
Net result€-139k-€-118k▲ 15.1%€-11k▲ 90.8%€-45k▼ 313%€353k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €355k after a loss of €45k in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €279k
Equity
€63k
Debt
€216k
Debt finances 77.3% of the balance-sheet total.
Key figures and ratios
Solvency
22.7%▲
2024 · -175.2%
Current ratio
1.29▲
2024 · 0.36
Quick ratio
0.88▲
2024 · 0.02
Debt / equity
3.40▲
2024 · -1.57
ROE
557.6%
ROA
126.6%▲
2024 · -27.1%
Debt
€216k▼
2024 · €455k
Debt ≤ 1 year
€216k▼
2024 · €455k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€165k€279k▲
Current assets29/58€165k€279k▲
Stocks and contracts in progress3€155k€88k▼
Stocks30/36€155k€88k▼
Amounts receivable within one year40/41€9k€58k▲
Trade receivables40€9k€58k▲
Other amounts receivable41€113€113=
Cash at bank and in hand54/58€2k€133k▲
Equity and liabilities
Total equity and liabilities10/49€165k€279k▲
Equity10/15€-290k€63k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13-€93
Non-distributable reserves130/1-€93
Legal reserve130-€93
Profit (loss) carried forward14€-351k€2k▲
Amounts payable17/49€455k€216k▼
Amounts payable within one year42/48€455k€216k▼
Trade debts44€164k€83k▼
Suppliers440/4€164k€83k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€291k€130k▼
Income statement
Code20242025
Other operating charges640/8€16k€9k▼
Gross operating margin9900€-28k€364k▲
Operating profit (loss)9901€-45k€355k▲
Financial charges65/66B€114€71▼
Recurring financial charges65€114€71▼
Profit (loss) for the period before taxes9903€-45k€355k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-45k€353k▲
Profit (loss) for the period to be appropriated9905€-45k€353k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-351k€2k▲
Profit (loss) brought forward from the previous period14P€-307k€-351k▼
Transfer to equity691/2-€93
To the legal reserve6920-€93
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €353k
Net result €353k after 6 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.29
Current ratio from 0.36 to 1.29; short-term debt falls from €455k to €216k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-139k
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-04-2022
ALIYEVA LEYLA AZIZ: Resigned as Director
01-12-2019
ASHURBAYOV ILGAR: Resigned as Director
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Binnenstraat 339300 AalstGround area
339 m²
Building footprint
120 m²
Parcel 41303E0524/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
S&A
since 20192.287.881.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303E0524/00R000 | Flanders | 339 m² | 1 · 120 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BRACKX BOUWCONSULT
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MV Construction & Gestion
BE 0888.403.402
Overijse · Eq €63k
BOUWWERKEN BEERENS JOACHIM
BE 0770.609.174
Sint-Lievens-Houtem · Eq €63k
S.A.M.I. CONSTRUCT
BE 0685.409.324
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Profbouw
BE 0801.594.934
Eeklo · Eq €63k
Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 13,193 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-03-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.