S & G Construct
ActiveSummary
S & G Construct has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,505 and a net result of €19,475. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+64
Solvency81▲+81
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.23 against 0.74 in 2024; short-term debt: 44.2% and cash: 15.8% of total assets), and 44.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
55.8%
Return on assets
21.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
24 d late
2023
159 d late
2022
92 d late
2021
81 d late
2020
446 d late
2019
105 d late
← 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 132 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€49,505
2024 · -€19,890
Total assets
€88,727▲ 24.8%
2024 · €71,118
Net result
€19,475
2024 · -€2,603
Working capital
€48,335
2024 · -€23,508
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,110-€80-€28,064▼ 35,054%-€2,603▲ 90.7%€19,680
Net result€10,305within the sector's middle half€570below the sector's middle half▼ 94.5%-€28,311below the sector's middle half-€2,603below the sector's middle half▲ 90.8%€19,475within the sector's middle half
Equity€10,454below the sector's middle half▲ 6,914%€11,024below the sector's middle half▲ 5.5%-€17,287below the sector's middle half-€19,890below the sector's middle half▼ 15.1%€49,505within the sector's middle half
Total assets€68,963within the sector's middle half▲ 6.9%€64,060below the sector's middle half▼ 7.1%€14,057below the sector's middle half▼ 78.1%€71,118within the sector's middle half▲ 406%€88,727within the sector's middle half▲ 24.8%
Debt€58,509▼ 9.1%€53,036▼ 9.4%€31,345▼ 40.9%€91,008▲ 190%€39,222▼ 56.9%
Working capital€2,840below the sector's middle half€6,537within the sector's middle half▲ 130%-€18,676below the sector's middle half-€23,508below the sector's middle half▼ 25.9%€48,335within the sector's middle half
Solvency15.2%below the sector's middle half▲ 14.9pp17.2%below the sector's middle half▲ 2.0pp-123.0%below the sector's middle half▼ 140.2pp-28.0%below the sector's middle half▲ 95.0pp55.8%within the sector's middle half▲ 83.8pp
Current ratio1.05below the sector's middle half▲ 0.061.12within the sector's middle half▲ 0.070.40below the sector's middle half▼ 0.720.74below the sector's middle half▲ 0.342.23within the sector's middle half▲ 1.49
Return on assets (ROA)14.9%within the sector's middle half▲ 30.4pp0.9%within the sector's middle half▼ 14.1pp-201.4%below the sector's middle half▼ 202.3pp-3.7%below the sector's middle half▲ 197.7pp21.9%above the sector's middle half▲ 25.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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: €19,680 after a loss of €2,603 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,727
Fixed assets
€1,170 ▼ 67.7%
Current assets
€87,557 ▲ 29.7%
Equity and liabilities €88,727
Equity
€49,505
Debt
€39,222
Debt finances 44.2% of the balance-sheet total.
Key figures and ratios
Debt to equity
0.79▲
2024 · -4.58
ROE
39.3%
Debt ≤ 1 year
€39,222▼
2024 · €91,008
Staff costs
€1,677
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 34,679 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €178 | - | - | - | €1,677 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,477 | €3,127 | €3,098 | €7,101 | - | - |
| Other operating charges640/8 | €324 | €13,132 | €1,236 | €428 | €1,837 | ▲ 329% |
| Non-recurring operating charges66A | - | - | €1,819 | - | - | - |
| Gross operating margin9900 | €13,089 | €16,180 | -€21,911 | €4,927 | €23,194 | ▲ 371% |
| Operating profit (loss)9901 | €10,110 | -€80 | -€28,064 | -€2,603 | €19,680 | ▲ 856% |
| Financial income75/76B | €748 | €956 | €24 | - | €0 | - |
| Recurring financial income75 | €748 | €956 | €24 | - | €0 | - |
| Financial charges65/66B | €177 | €306 | €271 | - | €206 | - |
| Recurring financial charges65 | €177 | €306 | €271 | - | €206 | - |
| Profit (loss) for the period before taxes9903 | €10,681 | €570 | -€28,311 | -€2,603 | €19,475 | ▲ 848% |
| Income taxes67/77 | €376 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €10,305 | €570 | -€28,311 | -€2,603 | €19,475 | ▲ 848% |
| Profit (loss) for the period to be appropriated9905 | €10,305 | €570 | -€28,311 | -€2,603 | €19,475 | ▲ 848% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,963 | €64,060 | €14,057 | €71,118 | €88,727 | ▲ 24.8% |
| Fixed assets21/28 | €7,614 | €4,487 | €1,389 | €3,617 | €1,170 | ▼ 67.7% |
| Tangible fixed assets22/27 | €6,444 | €3,317 | €219 | €2,447 | - | - |
| Plant, machinery and equipment23 | €460 | €0 | €0 | - | - | - |
| Furniture and vehicles24 | €5,984 | €3,317 | €219 | €2,447 | - | - |
| Financial fixed assets28 | €1,170 | €1,170 | €1,170 | €1,170 | €1,170 | = |
| Current assets29/58 | €61,349 | €59,573 | €12,668 | €67,501 | €87,557 | ▲ 29.7% |
| Stocks and contracts in progress3 | - | €9,100 | €0 | - | - | - |
| Contracts in progress37 | - | €9,100 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €56,697 | €45,571 | €7,087 | €61,919 | €73,569 | ▲ 18.8% |
| Trade receivables40 | €43,552 | €31,922 | €1,211 | €54,708 | €59,656 | ▲ 9.0% |
| Other amounts receivable41 | €13,145 | €13,649 | €5,876 | €7,211 | €13,913 | ▲ 93.0% |
| Cash at bank and in hand54/58 | €4,653 | €4,903 | €5,581 | €5,581 | €13,988 | ▲ 151% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,963 | €64,060 | €14,057 | €71,118 | €88,727 | ▲ 24.8% |
| Equity10/15 | €10,454 | €11,024 | -€17,287 | -€19,890 | €49,505 | ▲ 349% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Reserves13 | €778 | €778 | €778 | €778 | €778 | = |
| Non-distributable reserves130/1 | €778 | €778 | €778 | €778 | €778 | = |
| Legal reserve130 | €778 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €778 | €0 | - | - | - |
| Other1319 | - | - | €778 | €778 | €778 | = |
| Profit (loss) carried forward14 | -€8,924 | -€8,354 | -€36,665 | -€39,268 | €30,127 | ▲ 177% |
| Amounts payable17/49 | €58,509 | €53,036 | €31,345 | €91,008 | €39,222 | ▼ 56.9% |
| Amounts payable within one year42/48 | €58,509 | €53,036 | €31,345 | €91,008 | €39,222 | ▼ 56.9% |
| Trade debts44 | €58,509 | €40,135 | €27,654 | €53,594 | €33,768 | ▼ 37.0% |
| Suppliers440/4 | €58,509 | €40,135 | €27,654 | €53,594 | €33,768 | ▼ 37.0% |
| Taxes, remuneration and social security45 | - | €12,902 | €3,482 | €79 | - | - |
| Taxes450/3 | - | €10,902 | €3,482 | €79 | - | - |
| Remuneration and social security454/9 | - | €2,000 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €209 | €37,335 | €5,455 | ▼ 85.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,305 | €570 | -€28,311 | -€2,603 | €19,475 | ▲ 848% |
| + Depreciation and write-downs630 | €2,477 | €3,127 | €3,098 | €7,101 | - | - |
| Operating cash flow (approximation) | €12,781 | €3,697 | -€25,213 | €4,498 | €19,475 | ▲ 333% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€9,330 | €2,447 | ▲ 126% |
| Change in cash | - | €250 | €679 | €0 | €8,407 | - |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Back to profitnet €19,475
Net result €19,475 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.23
Current ratio from 0.74 to 2.23; short-term debt falls from €91,008 to €39,222.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 159 days late
2023
31-12
Financial
Weakest financial yearnet -€28,311
Net result drops to -€28,311, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 446 days late
2021
31-12
Financial
Back to profitnet €10,305
Net result €10,305 after 3 loss-making years.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 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, Tubize · 1 establishment unit since 2007
Ground area
1,454 m²
Building footprint
137 m²
Volume, LiDAR
1,148 m³
Parcel 25105C0006/00Z000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
61
companies at this address
See who is registered here
1 establishment unit
S & G Construct
since 20072.168.581.983
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105C0006/00Z000 | Wallonia | 1,453 m² | 1 · 137 m² | 10.3 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.
Similar companies · same sector, comparable size
NUANCES DE BLEU SRL
BE 0747.769.040
Tintigny · Eq €49,501
ART-BOUW
BE 0885.953.062
Antwerpen · Eq €49,528
PHILIPPE BERTRAND
BE 0881.559.853
Andenne · Eq €49,529
Déco Rénovation
BE 0685.864.927
Schaarbeek · Eq €49,457
GREAT RENOVATION
BE 0717.972.323
Sint-Lambrechts-Woluwe · Eq €49,563
Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,076 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
Founded30-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893867965
Also
9925:BE0893867965
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.