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S.A.I.

Active
Public limited companyfounded 198639 years activeHaachtsesteenweg 1704, 1130 Brussel, BelgiumKBO/BCE: BE 0430.108.688
Summary

S.A.I. has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €75,968 and a net result of €52,677. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 158 sector peers (NACE 43, fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
General electrical installation work
NACE 43211Plumbing work NACE 43221
1 site
Size
€406,600total assets 2026
Staff
4.3 FTE
Equity
€75,968
Profit
€52,677
Turnover not published (abridged schema)
Financial health
88 Excellent Checked score 2026
Bankruptcy probability, 12 months
0.2%
Structure
Largest shareholder
LE SPRINKLER RATIONNEL · 30%
Accounts 70 days early0 of 5 deeds read
Why 88- Sector Specialised construction activities (NACE 43)+ Liquidity: current ratio 1.23, cash €94,370+ Founded in 1986+ Size: total assets €406,600Show the evidence

Checked score

Score 2026
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 33% of its sector peers (NACE 43, micro)
Financial strength · tick = 2025
Average
Solvency 44-3
equity 18.7% of total assets
Liquidity 34+25
short-term debt 81.3% · cash 23.2%
Profitability 85+5
return on assets 13.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026highest value 09-2026: 0.2%▼ -0.2 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.27 in 2025; short-term debt: 81.3% and cash: 23.2% of total assets), and 81.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 20% on solvency, 23% on liquidity, 69% on profitability and 19% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Sector Specialised construction activities (NACE 43)
KBO
lowers risk · Liquidity: current ratio 1.23, cash €94,370
NBB · annual accounts
lowers risk · Founded in 1986
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: total assets €406,600
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 158 sector peers (2026).
NBB · sector comparison
Position among 158 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-08-2026, 70 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
70 days early
2025
67 days early
2024
41 days early
2023
64 days early
2022
62 days early
2021
62 days early
2020
73 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · abbreviated…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2026: €52,677 8 years View
  • Active since 1986founded 16-12-1986 39 years View

By topic

Financials

Fiscal year
2026
Total assets
€406,600
Profit
€52,677
Solvency
18.7%
Total assets▼ 4.1%
Net result
20192026
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-10-2027
  1. 31-03-2024Equity above €150,000
  2. 28-08-2023Annual accounts filed
  3. 31-03-2023Equity above €100,000
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General electrical installation workNACE 43211
Founded
16-12-1986
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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