S&E
ActiveSummary
The computed 12-month bankruptcy probability of S&E is 2.6% (moderate). The 2025 annual accounts show equity of €5k and a net result of €12k. Equity is shrinking by ~35.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 14% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+85
Solvency36▲+36
Growth72▲+40
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 14%
← 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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
60 d late
2023
330 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€157k▲ 66.6%
2024 · €94k
2024: €94k
2025: €157k▲ +66.6% vs 2024
2024 → 2025
EBIT margin
8.2%▲ 26.2pp
2024 · -18.0%
2024: -18.0%
2025: 8.2%▲ +146% vs 2024
2024 → 2025
Net result
€12k
2024 · €-18k
2023: €6k
2024: €-18k▼ -373% vs 2023lowest in 3 years
2025: €12k▲ +171% vs 2024highest in 3 years
2023 → 2025
Working capital
€-2k▲ 68.3%
2024 · €-7k
2023: €10khighest in 3 years
2024: €-7k▼ -168% vs 2023lowest in 3 years
2025: €-2k▲ +68.3% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€94k€157k▲ 66.6%
2024: €94k
2025: €157k▲ +66.6% vs 2024
Equity€10k-€-7k€5k
2023: €10khighest in 3 years
2024: €-7k▼ -168% vs 2023lowest in 3 years
2025: €5k▲ +175% vs 2024
Operating result€8k-€-17k€13k
2023: €8k
2024: €-17k▼ -312% vs 2023lowest in 3 years
2025: €13k▲ +176% vs 2024highest in 3 years
Net result€6k-€-18k€12k
2023: €6k
2024: €-18k▼ -373% vs 2023lowest in 3 years
2025: €12k▲ +171% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €17k in 2024, the highest result in the available series.
Balance-sheet composition
Assets €51k
Fixed assets
€8k
Current assets
€43k
Equity and liabilities €51k
Equity
€5k
Debt
€46k
Debt finances 89.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€14k
Cash flow
€13k
Current ratio
0.95▲
2024 · 0.77
Debt to equity
8.52▲
2024 · -4.42
ROE
232.5%
ROA
24.4%▲
2024 · -72.1%
Interest coverage
35.00
Debt ≤ 1 year
€46k▲
2024 · €31k
Income taxes
€99
Staff costs
€19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€51k▲
Fixed assets21/28-€8k
Tangible fixed assets22/27-€8k
Furniture and vehicles24-€8k
Current assets29/58€24k€43k▲
Amounts receivable within one year40/41€23k€18k▼
Trade receivables40€23k€16k▼
Other amounts receivable41€962€2k▲
Cash at bank and in hand54/58€822€26k▲
Equity and liabilities
Total equity and liabilities10/49€24k€51k▲
Equity10/15€-7k€5k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€-11k€1k▲
Amounts payable17/49€31k€46k▲
Amounts payable within one year42/48€31k€46k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€27k€33k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€26k€31k▲
Other amounts payable47/48€2k€9k▲
Income statement
Code20242025
Turnover70€94k€157k▲
Goods, raw materials, services and sundry goods60/61€129k€142k▲
Remuneration, social security and pensions62-€19k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€891
Other operating charges640/8€62€927▲
Gross operating margin9900€-17k€33k▲
Operating profit (loss)9901€-17k€13k▲
Financial income75/76B€13-
Recurring financial income75€13-
Financial charges65/66B€546€395▼
Recurring financial charges65€546€395▼
Profit (loss) for the period before taxes9903€-18k€13k▲
Income taxes67/77-€99
Profit (loss) for the period9904€-18k€12k▲
Profit (loss) for the period to be appropriated9905€-18k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€1k▲
Profit (loss) brought forward from the previous period14P€6k€-11k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | €94k | €157k | ▲ 66.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €129k | €142k | ▲ 10.6% |
| Remuneration, social security and pensions62 | - | - | €19k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €891 | - |
| Other operating charges640/8 | €384 | €62 | €927 | ▲ 1,407% |
| Gross operating margin9900 | €8k | €-17k | €33k | ▲ 297% |
| Operating profit (loss)9901 | €8k | €-17k | €13k | ▲ 176% |
| Financial income75/76B | - | €13 | - | - |
| Recurring financial income75 | - | €13 | - | - |
| Financial charges65/66B | €12 | €546 | €395 | ▼ 27.6% |
| Recurring financial charges65 | €12 | €546 | €395 | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | €8k | €-18k | €13k | ▲ 172% |
| Income taxes67/77 | €2k | - | €99 | - |
| Profit (loss) for the period9904 | €6k | €-18k | €12k | ▲ 171% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-18k | €12k | ▲ 171% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €29k | €24k | €51k | ▲ 110% |
| Fixed assets21/28 | - | - | €8k | - |
| Tangible fixed assets22/27 | - | - | €8k | - |
| Furniture and vehicles24 | - | - | €8k | - |
| Current assets29/58 | €29k | €24k | €43k | ▲ 78.7% |
| Amounts receivable within one year40/41 | €29k | €23k | €18k | ▼ 24.0% |
| Trade receivables40 | €28k | €23k | €16k | ▼ 27.6% |
| Other amounts receivable41 | €537 | €962 | €2k | ▲ 59.5% |
| Cash at bank and in hand54/58 | €491 | €822 | €26k | ▲ 3,010% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €29k | €24k | €51k | ▲ 110% |
| Equity10/15 | €10k | €-7k | €5k | ▲ 175% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €6k | €-11k | €1k | ▲ 112% |
| Amounts payable17/49 | €19k | €31k | €46k | ▲ 45.4% |
| Amounts payable within one year42/48 | €19k | €31k | €46k | ▲ 45.4% |
| Trade debts44 | €2k | €2k | €4k | ▲ 54.5% |
| Suppliers440/4 | €2k | €2k | €4k | ▲ 54.5% |
| Taxes, remuneration and social security45 | €16k | €27k | €33k | ▲ 20.1% |
| Taxes450/3 | €2k | €2k | €2k | ▲ 6.2% |
| Remuneration and social security454/9 | €14k | €26k | €31k | ▲ 21.0% |
| Other amounts payable47/48 | €872 | €2k | €9k | ▲ 420% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-18k | €12k | ▲ 171% |
| + Depreciation and write-downs630 | - | - | €891 | - |
| Operating cash flow (approximation) | €6k | €-18k | €13k | ▲ 176% |
| Change in cash | - | €330 | €25k | ▲ 7,388% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 330 days late
2024
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
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, Hamme (Vl.) · 1 establishment unit since 2023
Ground area
1,184 m²
Building footprint
451 m²
Volume, LiDAR
3,652 m³
Parcel 42008A1692/00R002, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S&E
since 20232.344.434.273
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42008A1692/00R002 | Flanders | 1,184 m² | 1 · 451 m² | 12.3 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.
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 1,038 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
Founded04-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42212Civil engineering
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.