S&A
ActiveSummary
S&A has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,360 and a net result of €353,272. Equity has been shrinking by about 50% per year since 2019. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 32% of 2,799 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Official details
Source: KBO- Status
- Active since 19-03-2019 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Establishment unit
- 2.287.881.095 9300 Aalst, since 01-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- SALMANZADE VUGARManaging director
- ALIYEV Yaver Afgan ogluDirector
- ALIYEV YAVER75 sharesact of 15-09-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €364,104
- Turnover
- ≈ €780,000
- estimated
- Profit
- €353,272
- Equity
- €63,360
- Total assets
- €278,979
- ▲ 68.6%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Last filed accounts filed 31 days late; 1 of the last 3 accounts lateFounded in 2019lowers riskLiquidity: current ratio 1.29, cash €132,792Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 29% of them on solvency, 63% on liquidity, 91% on profitability and 90% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Appointment: SALMANZADE VUGAR (managing director)
- · Gazette deed Transfer of 75 shares from FUAD ILGAR to ALIYEV YAVERAppointment: ALIYEV YAVER (director) · Resignation: FUAD ILGAR (director) · Director discharge: FUAD ILGAR
- · Gazette deed Registered office moved from Ghent to AalstTransfer of 75 shares from ALIYEVA LEYLA AZIZ to FUAD ILGAR ASHURBEYLI · New seat: Binnenstraat 33-9300 Aalst · Previous seat: ANTWERPSESTEENWEG 26-9000 GENT
Comparable companies
These companies have the same main activity as S&A: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €259,000 and €363,000, founded between 2018 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| S&A Aalst | €278,979 | €364,104 |
| WELMAN PROJECTS Bonheiden | €316,651 | €356,468 |
| EASY'GO WOOD Braine-le-Comte | €320,226 | €335,227 |
| De.Vi.Construct Aubel | €297,061 | €299,721 |
| Talenco Technical Services Antwerpen | €259,462 | €426,609 |
| SUMA CONSTRUCT Aalst | €363,254 | €368,717 |
| DIEPENDAELE BOUW Zottegem | €291,909 | €268,064 |
Key facts about S&A
- What is the company number of S&A?
- The company number of S&A is 0722.911.108. The VAT number is the same number with BE in front: BE 0722.911.108.
- Where is S&A based?
- The registered office is at Binnenstraat 33, 9300 Aalst.Company details
- What does S&A do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of S&A?
- The legal form of S&A is Public limited company (NV).
- When was S&A founded?
- S&A was founded on 19-03-2019.
- Is S&A still active?
- Yes, S&A is an active enterprise in the KBO register.
- What is the turnover of S&A?
- The turnover in financial year 2025 is ≈ €780,000. This figure is estimated from the gross margin of €364,104 and 30 comparable companies (NACE 41001). It probably lies between €620,000 and €1.1m.Financials
- Is S&A profitable?
- In financial year 2025, S&A made a profit of €353,272.
- Where can I find the annual accounts of S&A?
- S&A filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of S&A due?
- S&A must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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