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S CONSTRUCTION

Active
Private limited companyfounded 20224 yrs activeAncienne Voie de Liège 1, 4800 Verviers, BelgiumKBO/BCE: BE 0780.467.146
Summary

The computed 12-month bankruptcy probability of S CONSTRUCTION is 2.2% (moderate). The 2025 annual accounts show equity of €59,909 and a net result of €16,108. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 842 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability73▲+28
Solvency38▼-22
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.84 against 53.98 in 2024; short-term debt: 24.2% and cash: 0.1% of total assets), but 87.4% of the assets are financed with debt.
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Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
12.6%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 842 sector peers (2025).
NBB · sector comparison
Position among 842 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
63 d early
2024
104 d early
2023
50 d early
2022
49 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 67 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

S CONSTRUCTION was incorporated on 14 January 2022 as a Private limited company.1 Total assets rose from EUR 117,330 in 2022 to EUR 475,161 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,108▲ 360%
2024 · €3,501
Working capital
€326,388▲ 169%
2024 · €121,240
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€6,146--€3,036▲ 50.6%€5,464€23,416▲ 329%
Net result-€6,387--€3,313▲ 48.1%€3,501€16,108▲ 360%
Equity€43,613-€40,300▼ 7.6%€43,801▲ 8.7%€59,909▲ 36.8%
Total assets€117,330-€116,692▼ 0.5%€125,661▲ 7.7%€475,161▲ 278%
Debt€73,716-€76,391▲ 3.6%€81,860▲ 7.2%€415,253▲ 407%
Working capital€121,240€326,388▲ 169%
Why a figure moved sharply
  • 2025 Total assets +278% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2022: -€6,146-€6,146Net result 2022: -€6,387-€6,387Operating result 2023: -€3,036-€3,036Net result 2023: -€3,313-€3,313Operating result 2024: €5,464€5,464Net result 2024: €3,501€3,501Operating result 2025: €23,416€23,416Net result 2025: €16,108€16,1082022202320242025-€10,000€0€10,000€20,000Operating result 2023: -€3,036-€3,040Net result 2023: -€3,313-€3,310Operating result 2024: €5,464€5,460Net result 2024: €3,501€3,500Operating result 2025: €23,416€23,400Net result 2025: €16,108€16,100202320242025
The operating result has risen three years in a row; 2025 is 329% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,161
Fixed assets €33,781 ▲ 1,484%
Current assets €441,380 ▲ 257%
Equity and liabilities €475,161
Equity €59,909 ▲ 36.8%
Debt €415,253 ▲ 407%
Debt's share of the balance-sheet total rises from 65.1% to 87.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,001▲
2024 · €5,495
Cash flow
€22,693▲
2024 · €3,531
Current ratio
3.84▼
2024 · 53.98
Quick ratio
1.46▼
2024 · 4.28
Debt to equity
6.93▲
2024 · 1.87
ROE
26.9%▲
2024 · 8.0%
ROA
3.4%▲
2024 · 2.8%
Interest coverage
7.39▲
2024 · 2.77
Debt ≤ 1 year
€114,992▲
2024 · €2,289
Debt > 1 year
€297,460▲
2024 · €76,827
Income taxes
€3,340
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 895 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.7% stopped otherwise
98% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 895 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€125,661€475,161▲
Fixed assets21/28€2,133€33,781▲
Tangible fixed assets22/27€2,133€33,781▲
Plant, machinery and equipment23€2,133€1,916▼
Furniture and vehicles24-€31,864
Current assets29/58€123,528€441,380▲
Stocks and contracts in progress3€113,741€273,821▲
Stocks30/36€113,741€273,821▲
Amounts receivable within one year40/41-€165,640
Trade receivables40-€740
Other amounts receivable41-€164,900
Cash at bank and in hand54/58€9,078€526▼
Deferred charges and accrued income490/1€709€1,392▲
Equity and liabilities
Total equity and liabilities10/49€125,661€475,161▲
Equity10/15€43,801€59,909▲
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14-€6,199€9,909▲
Amounts payable17/49€81,860€415,253▲
Amounts payable after more than one year17€76,827€297,460▲
Financial debts170/4-€25,538
Other amounts payable178/9€76,827€271,922▲
Amounts payable within one year42/48€2,289€114,992▲
Current portion of amounts payable after more than one year42-€7,341
Trade debts44€1,075€106,812▲
Suppliers440/4€1,075€106,812▲
Taxes, remuneration and social security45€1,214€840▼
Taxes450/3€1,214€840▼
Accrued charges and deferred income492/3€2,745€2,800▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31€6,585▲
Other operating charges640/8€578€718▲
Non-recurring operating charges66A-€101
Gross operating margin9900€6,073€30,820▲
Operating profit (loss)9901€5,464€23,416▲
Financial income75/76B€20€89▲
Recurring financial income75€20€89▲
Financial charges65/66B€1,984€4,057▲
Recurring financial charges65€1,984€4,057▲
Profit (loss) for the period before taxes9903€3,501€19,448▲
Income taxes67/77-€3,340
Profit (loss) for the period9904€3,501€16,108▲
Profit (loss) for the period to be appropriated9905€3,501€16,108▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,199€9,909▲
Profit (loss) brought forward from the previous period14P-€9,700-€6,199▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,179-€31€6,585▲ 21,280%
Other operating charges640/8€348€384€578€718▲ 24.2%
Non-recurring operating charges66A---€101-
Gross operating margin9900-€2,620-€2,652€6,073€30,820▲ 408%
Operating profit (loss)9901-€6,146-€3,036€5,464€23,416▲ 329%
Financial income75/76B--€20€89▲ 335%
Recurring financial income75--€20€89▲ 335%
Financial charges65/66B€241€277€1,984€4,057▲ 105%
Recurring financial charges65€241€277€1,984€4,057▲ 105%
Profit (loss) for the period before taxes9903-€6,387-€3,313€3,501€19,448▲ 456%
Income taxes67/77---€3,340-
Profit (loss) for the period9904-€6,387-€3,313€3,501€16,108▲ 360%
Profit (loss) for the period to be appropriated9905-€6,387-€3,313€3,501€16,108▲ 360%
Line2022202320242025Change
Assets
Total assets20/58€117,330€116,692€125,661€475,161▲ 278%
Fixed assets21/28--€2,133€33,781▲ 1,484%
Tangible fixed assets22/27--€2,133€33,781▲ 1,484%
Plant, machinery and equipment23--€2,133€1,916▼ 10.1%
Furniture and vehicles24---€31,864-
Current assets29/58€117,330€116,692€123,528€441,380▲ 257%
Stocks and contracts in progress3€113,741€113,741€113,741€273,821▲ 141%
Stocks30/36€113,741€113,741€113,741€273,821▲ 141%
Amounts receivable within one year40/41---€165,640-
Trade receivables40---€740-
Other amounts receivable41---€164,900-
Cash at bank and in hand54/58€3,588€2,950€9,078€526▼ 94.2%
Deferred charges and accrued income490/1--€709€1,392▲ 96.3%
Equity and liabilities
Total equity and liabilities10/49€117,330€116,692€125,661€475,161▲ 278%
Equity10/15€43,613€40,300€43,801€59,909▲ 36.8%
Contributions10/11€50,000€50,000€50,000€50,000=
Profit (loss) carried forward14-€6,387-€9,700-€6,199€9,909▲ 260%
Amounts payable17/49€73,716€76,391€81,860€415,253▲ 407%
Amounts payable after more than one year17€71,116€73,741€76,827€297,460▲ 287%
Financial debts170/4---€25,538-
Other amounts payable178/9€71,116€73,741€76,827€271,922▲ 254%
Amounts payable within one year42/48--€2,289€114,992▲ 4,925%
Current portion of amounts payable after more than one year42---€7,341-
Trade debts44--€1,075€106,812▲ 9,835%
Suppliers440/4--€1,075€106,812▲ 9,835%
Taxes, remuneration and social security45--€1,214€840▼ 30.8%
Taxes450/3--€1,214€840▼ 30.8%
Accrued charges and deferred income492/3€2,600€2,650€2,745€2,800▲ 2.0%
Line2022202320242025Change
Profit (loss) for the period9904-€6,387-€3,313€3,501€16,108▲ 360%
+ Depreciation and write-downs630€3,179-€31€6,585▲ 21,280%
Operating cash flow (approximation)-€3,208-€3,313€3,531€22,693▲ 543%
Investment in fixed assets (approximation)----€38,233-
Change in cash--€638€6,127-€8,551▼ 240%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2022net €16,108 ▲360%
Operating result €23,416, net result €16,108, both a record.
18-04
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €3,501
Net result €3,501 after 2 loss-making years.
11-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
12-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,106 m²
Building footprint
119 m²
Volume, LiDAR
870 m³
Parcel 63059B0384/00A002, Wallonia · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
S CONSTRUCTION
Ancienne Voie de Liège 1, 4800 VerviersManufacture of metal structures and parts of structures
since 20222.328.751.947
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63059B0384/00A002 Wallonia 1,106 m² 1 · 119 m² 8.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Recognised contractor

10 categories
S CONSTRUCTION SRL46570
category D, class 1 · category D1, class 1 · category D12, class 1 · category D16, class 1 · category D17, class 1 · category D22, class 1 · category D4, class 1 · category D8, class 1 · category G5, class 1 · category P1, class 1
decision 02-09-2026

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded14-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
42110Construction of roads and motorways
43110Demolition
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0780467146
Registered 19-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.