S-G Construct
ActiveSummary
S-G Construct has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,631 and a net result of €6,631. Its solvency ranks better than 47% of 9,368 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
General construction of residential buildings
NACE 41001
1 site
Size
≈ €210,000turnover 2025, estimated
- Equity
- €11,631
- Profit
- €6,631
Turnover estimated from the gross margin
Why 65raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €28,970lowers riskLiquidity: current ratio 1.09, cash €11,965Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 67% of its sector peers (NACE 41, micro)
Financial strength
Strong
Solvency
65
equity 40.1% of total assets
Liquidity
69
short-term debt 59.9% · cash 41.3%
Profitability
97
return on assets 22.9%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 3.6%
12-2025: 3.7%▲ +0.1 percentage points vs 11-2025
01-2026: 4.0%▲ +0.3 percentage points vs 12-2025
02-2026: 4.2%▲ +0.2 percentage points vs 01-2026
03-2026: 4.5%▲ +0.3 percentage points vs 02-2026
04-2026: 4.5%● unchanged vs 03-2026
05-2026: 5.0%▲ +0.5 percentage points vs 04-2026highest value
06-2026: 4.9%▼ -0.1 percentage points vs 05-2026
07-2026: 1.4%▼ -3.5 percentage points vs 06-2026
08-2026: 1.4%● unchanged vs 07-2026lowest value
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.09, below the usual 1.5; short-term debt: 59.9% and cash: 41.3% of total assets), and 59.9% of the assets are financed with debt and provisions.
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 41, micro): better than 48% on solvency, 73% on liquidity and 81% on profitability.
The bankruptcy probability was computed on 30-10-2026 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
Five signals.
lowers riskraises riskneutral
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 01-06-2026, 60 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
60 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Resignations: Gregory Vandermolen (director) and Dorah…Gazette deed
- IncorporationAppointments: VANDERMOLEN Gregory Fernand Dominique…
Financials · financial year 2025, micro format
Turnover
≈ €210,000
Estimated: probably between €110,000 and €390,000
Total assets
€28,970
Net result
€6,631
Working capital
€1,546
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €28,970
Fixed assets
€10,085
Current assets
€18,886
Equity and liabilities €28,970
Equity
€11,631
Debt
€17,339
Debt finances 59.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€17,525
Cash flow
€12,493
Current ratio
1.09
Debt to equity
1.49
ROE
57.0%
ROA
22.9%
Interest coverage
6.37
Debt ≤ 1 year
€17,339
Income taxes
€2,283
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
95.9%
still going
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,862 |
| Other operating charges640/8 | €244 |
| Gross operating margin9900 | €17,769 |
| Operating profit (loss)9901 | €11,663 |
| Financial income75/76B | €3 |
| Recurring financial income75 | €3 |
| Financial charges65/66B | €2,752 |
| Recurring financial charges65 | €2,752 |
| Profit (loss) for the period before taxes9903 | €8,914 |
| Income taxes67/77 | €2,283 |
| Profit (loss) for the period9904 | €6,631 |
| Profit (loss) for the period to be appropriated9905 | €6,631 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €28,970 | |
| Fixed assets21/28 | €10,085 | |
| Tangible fixed assets22/27 | €10,085 | |
| Plant, machinery and equipment23 | €10,085 | |
| Current assets29/58 | €18,886 | |
| Amounts receivable within one year40/41 | €2,770 | |
| Other amounts receivable41 | €2,770 | |
| Cash at bank and in hand54/58 | €11,965 | |
| Deferred charges and accrued income490/1 | €4,151 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €28,970 | |
| Equity10/15 | €11,631 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €5,000 | |
| Distributable reserves133 | €5,000 | |
| Profit (loss) carried forward14 | €1,631 | |
| Amounts payable17/49 | €17,339 | |
| Amounts payable within one year42/48 | €17,339 | |
| Trade debts44 | €12,086 | |
| Suppliers440/4 | €12,086 | |
| Taxes, remuneration and social security45 | €5,160 | |
| Taxes450/3 | €5,160 | |
| Other amounts payable47/48 | €94 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €6,631 |
| + Depreciation and write-downs630 | €5,862 |
| Operating cash flow (approximation) | €12,493 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00129420 |
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Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,403. 10,169 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2026
VANDERMOLEN Steve Pascal Stéphane
CurrentDirector (not named in the articles) · since 07-10-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
3 people since 2024, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| VANDERMOLEN Steve Pascal Stéphane |
|
| HAESENDONCK Dorah |
|
| VANDERMOLEN Gregory Fernand Dominique |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 07-10-2024 ↗
- VANDERMOLEN Steve Pascal Stéphane 50 shares (50%) · €2,500 in cash
- VANDERMOLEN Gregory Fernand Dominique 50 shares (50%) · €2,500 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 07-10-2024 Incorporation · €5,000 · 100 shares
Group and network
Connections & network
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History
Acts, filings and financial milestones
2026
01-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
23-03
Gazette deed
Resignations: Gregory Vandermolen (director) and Dorah Haesendonck (director)3 facts ▸
Gazette deed
Resignations: Gregory Vandermolen (director) and Dorah Haesendonck (director)
3 facts ▸
- General meeting, 20-02-2026
- Director resignation, Gregory Vandermolen (director (not named in the articles))
- Director resignation, Dorah Haesendonck (director (not named in the articles))
2024
07-10
Gazette deed
IncorporationAppointments: VANDERMOLEN Gregory Fernand Dominique, VANDERMOLEN Steve Pascal Stéphane and HAESENDONCK Dorah · Founder · Founding capital13 facts ▸
Gazette deed
Incorporation
Appointments: VANDERMOLEN Gregory Fernand Dominique, VANDERMOLEN Steve Pascal Stéphane and HAESENDONCK Dorah · Founder · Founding capital13 facts ▸
- Incorporation, 02-10-2024
- Founder, VANDERMOLEN Steve Pascal Stéphane
- Founder, VANDERMOLEN Gregory Fernand Dominique
- Founding capital, €5,000
- Other provision, 11-07-2024
- Other provision, “capitaux propres de départ manifestement insuffisants, responsabilité des fondateurs” (deed in French)
- Bank account, “Banque Crelan, compte spécial au nom de la société en formation” (deed in French)
- Capital
- Registered office clause, “4280 Hannut (Merdorp), rue de la Chapelle”, 1 (deed in French)
- Director appointment, VANDERMOLEN Gregory Fernand Dominique (director (not named in the articles))
- Director appointment, VANDERMOLEN Steve Pascal Stéphane (director (not named in the articles))
- Director appointment, HAESENDONCK Dorah (director (not named in the articles))
- +1 further fact in this act
Gazette deedNBB filing
2 of 2 deeds read
Register details
Identification
Legal formPrivate limited company
Founded03-10-2024
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:1014572290
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1014.572.290
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Hannut · 1 establishment unit since 2024
Ground area
1,939 m²
Building footprint
124 m²
Parcel 64049B0141/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
S-G Construct
since 2024unit no. 2.364.893.256
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64049B0141/00L000 | Wallonia | 1,939 m² | 1 · 124 m² | - |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tous types de travaux de terrassement, de pavage, de maçonnerie, de charpente, de toiture et de couverture ceci comprenant le montage de…” (deed in French)
18 activities (deed in French)
- Tous types de travaux de terrassement, de pavage, de maçonnerie, de charpente, de toiture et de couverture ceci comprenant le montage de charpente, la pose de couverture en tous matériaux et la mise en place des évacuations des eaux de pluies et égouttage
- Tous types de travaux de démolition, restauration des bâtiments ceci comprenant notamment les travaux d'étanchéifications des murs, le ravalement des façades, la construction de cheminées décoratives et de feux ouverts, la pose de chapes et de manière générale tous les types de constructions spécialisées
- Tous types de travaux d'étanchéités et d'isolation, et notamment les travaux de déshumidification des bâtiments, les travaux d'étanchéifications des toits et des toitures/terrasses, y compris le traitement des murs contre l'humidité
- Toutes installations et fabrications de châssis
- L'installation sanitaire, de la plomberie et zinguerie
- Le nettoyage et le débouchage de tuyaux d'écoulement dans les bâtiments
- L'installation de chauffage, de ventilation et de conditionnement d'air, ceci comprenant notamment, sans que l'énonciation ne soit limitative, l'installation dans des bâtiments ou autres projets de construction de systèmes de chauffage au gaz, à l'électricité et au mazout, l'installation de chaudières, conduites et équipements de ventilation, de réfrigération et de climatisation, l'installation de tours de refroidissement et de capteurs d'énergies solaires non électriques
- Toutes opérations se rapportant à l'étude, à la production, à la vente, à l'installation, au placement, et à l'entretien de cellules et de modules liés à l'énergie renouvelable
- Tous travaux de finition et de parachèvement qui comprennent entre autres la menuiserie, le plafonnage, la peinture et tapisserie et la pose de revêtements
- Tous types de travaux en matière d'électricité en ce compris les travaux d'installation électrique, l'installation de câbles et appareils électriques, de systèmes d'alimentation de secours, les installations électriques de chauffage, l'installation d'ascenseurs et escaliers mécaniques, l'installation de systèmes de surveillance et d'alarme contre les effractions, le commerce et le placement d'électro-ménagers et de tout matériel électrique
- De manière générale, tous travaux d'entrepreneur en bâtiment qui lui sont autorisés, ainsi que toutes activités de construction générale de bâtiments résidentiels et non résidentiels
- La constitution et la gestion d'un patrimoine immobilier et la location-financement de biens immeubles aux tiers, l'acquisition par l'achat ou autrement, la vente, l'échange, la construction, la transformation, l'amélioration, l'équipement, l'aménagement, l'embellissement, l'entretien, la location, la prise en location, le lotissement, la prospection et l'exploitation de biens immobiliers, ainsi que toutes opérations qui, directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine immobilier
- La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine immobilier, et pour ce faire, l'aliénation, l'acquisition, la location de tout bien ou droit réel immobilier, divis ou indivis, en rapport ou non avec ses autres activités
- La prise de participation dans toute entreprise, la participation à la constitution, à la capitalisation et/ou au financement d’entreprises, la gestion de tout patrimoine mobilier pour compte propre
- Toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à en faciliter la réalisation
- S'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés
- Exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés
- Se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- S-G Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales” (deed in French)“Fixe ou proportionnelle, rémunération des administrateurs” (deed in French)“L'organe d'administration détermine s'ils agissent seul ou conjointement, gestion journalière” (deed in French)“3” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Actions doivent être libérées à leur émission, en cas d’actionnaire unique-administrateur, ce dernier détermine librement les versements…” (deed in French)“Nominatives, Article 8” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aux actionnaires existants proportionnellement au nombre d’actions qu’ils détiennent, droit de préférence pour émission de nouvelles actions” (deed in French)“Moitié à charge du cédant, moitié à charge des acquéreurs proportionnellement, tenus de solliciter l'agrément selon mêmes formalités” (deed in French)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “3 ans, un ou plusieurs commissaires” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'a été désigné, administrateurs en fonction” (deed in French)