S&D BORINGEN
ActiveS&D BORINGEN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €433k. Equity is growing by ~41.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-3
Solvency92▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 2.56 in 2024; short-term debt: 17.9% and cash: 21.7% of total assets), and 33.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
66.7%
Return on assets
20.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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 27-03-2026, 126 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
126 d early
2024
104 d early
2023
96 d early
2022
12 d early
2021
2 d early
2020
30 d late
2019
31 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.38M▲ 8.9%
2024 · €1.27M
2018: €147k
2019: €190k
2020: €302k
2021: €339k
2022: €538k
2023: €851k
2024: €1.27M
2018 → 2025
Total assets
€2.07M▼ 3.2%
2024 · €2.14M
2018: €507k
2019: €977k
2020: €975k
2021: €865k
2022: €1.30M
2023: €1.76M
2024: €2.14M
2018 → 2025
Net result
€433k▼ 12.6%
2024 · €495k
2018: €82k
2019: €43k
2020: €112k
2021: €36k
2022: €199k
2023: €314k
2024: €495k
2018 → 2025
Working capital
€727k▲ 34.0%
2024 · €542k
2018: €8k
2019: €-93k
2020: €24k
2021: €103k
2022: €145k
2023: €330k
2024: €542k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€339k-€538k▲ 58.9%€851k▲ 58.3%€1.27M▲ 48.7%€1.38M▲ 8.9%
Operating result€51k-€229k▲ 352%€430k▲ 87.4%€673k▲ 56.6%€609k▼ 9.5%
Net result€36k-€199k▲ 451%€314k▲ 57.3%€495k▲ 57.9%€433k▼ 12.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.07M
Fixed assets
€970k▼ 22.3%
Current assets
€1.10M▲ 23.5%
Equity and liabilities €2.07M
Equity
€1.38M▲ 8.9%
Debt
€689k▼ 20.9%
The debt ratio falls from 40.7% to 33.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€953k▼
2024 · €1.01M
Cash flow
€777k▼
2024 · €835k
Solvency
66.7%▲
2024 · 59.3%
Current ratio
2.96▲
2024 · 2.56
Quick ratio
2.38▲
2024 · 2.16
Debt / equity
0.50▼
2024 · 0.69
ROE
31.4%▼
2024 · 39.1%
ROA
20.9%▼
2024 · 23.2%
Interest coverage
31.57▼
2024 · 41.10
Debt
€689k▼
2024 · €871k
Debt ≤ 1 year
€371k▲
2024 · €346k
Debt > 1 year
€318k▼
2024 · €524k
Income taxes
€147k▼
2024 · €154k
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€2.14M€2.07M▼
Fixed assets21/28€1.25M€970k▼
Tangible fixed assets22/27€1.24M€967k▼
Land and buildings22€13k€12k▼
Plant, machinery and equipment23€209k€176k▼
Furniture and vehicles24€213k€188k▼
Leasing and similar rights25€810k€592k▼
Financial fixed assets28€4k€3k▼
Current assets29/58€888k€1.10M▲
Stocks and contracts in progress3€142k€216k▲
Stocks30/36€105k€135k▲
Contracts in progress37€37k€81k▲
Amounts receivable within one year40/41€544k€423k▼
Trade receivables40€331k€231k▼
Other amounts receivable41€213k€192k▼
Cash at bank and in hand54/58€198k€449k▲
Deferred charges and accrued income490/1€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€2.14M€2.07M▼
Equity10/15€1.27M€1.38M▲
Contributions10/11€120k€120k=
Reserves13€1.14M€1.26M▲
Distributable reserves133€1.14M€1.26M▲
Profit (loss) carried forward14€6k€4k▼
Amounts payable17/49€871k€689k▼
Amounts payable after more than one year17€524k€318k▼
Financial debts170/4€524k€318k▼
Amounts payable within one year42/48€346k€371k▲
Current portion of amounts payable after more than one year42€199k€207k▲
Financial debts43€32k€48k▲
Credit institutions430/8€32k€48k▲
Trade debts44€112k€113k▲
Suppliers440/4€112k€113k▲
Taxes, remuneration and social security45€27€176▲
Taxes450/3€27€176▲
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€340k€344k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€1.02M€958k▼
Operating profit (loss)9901€673k€609k▼
Financial income75/76B€651€1k▲
Recurring financial income75€651€1k▲
Financial charges65/66B€25k€30k▲
Recurring financial charges65€25k€30k▲
Profit (loss) for the period before taxes9903€649k€580k▼
Income taxes67/77€154k€147k▼
Profit (loss) for the period9904€495k€433k▼
Profit (loss) for the period to be appropriated9905€495k€433k▼
Appropriation of the result
Profit (loss) to be appropriated9906€496k€439k▼
Profit (loss) brought forward from the previous period14P€1k€6k▲
Transfer from equity791/2€80k€320k▲
Transfer to equity691/2€490k€435k▼
To other reserves6921€490k€435k▼
Profit to be distributed694/7€80k€320k▲
Return on contributions (dividend)694€80k€320k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €495k ▲57.9%
Operating result €673k, net result €495k, both a record.
31-12
Financial
Equity above €1MEq €1.27M ▲48.7%
7 profitable years in a row build equity to €1.27M.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €538k ▲58.9%
5 profitable years in a row build equity to €538k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €36k ▼67.8%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €200kEq €302k ▲59.1%
3 profitable years in a row build equity to €302k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Equity above €150kEq €190k ▲29.6%
2 profitable years in a row build equity to €190k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Pittem · 1 establishment unit since 2016
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.
Moortelmeers 28740 PittemGround area
2,340 m²
Building footprint
1,013 m²
Volume, LiDAR
178 m³
Parcel 37011D1469/00A000, Flanders · tallest building 2.5 m. Linked by address, not a title deed.
1 establishment unit
S&D BORINGEN
since 20162.291.254.024
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011D1469/00A000 | Flanders | 2,340 m² | 1 · 1,013 m² | 2.5 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 420 EUR awarded · 420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 150 EUR | 420 EUR |
| 2022 | 1 | 270 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 337 companies in sector 42219 we hold annual accounts for 149. 61 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2016
Fiscal year end31-12
Activities, NACEBEL
42219Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.