S.G. CONSTRUCTION
ActiveSummary
S.G. CONSTRUCTION has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €465k and a net result of €107k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-8
Solvency50=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.17 in 2024; short-term debt: 68.3% of total assets), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
25.2%
Return on assets
5.8%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €465k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
24 d early
2023
27 d early
2022
7 d early
2021
16 d early
2020
18 d early
2019
56 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€107k▼ 40.0%
2024 · €178k
2018: €-31k
2019: €-55k
2020: €14k
2021: €15k
2022: €26k
2023: €152k
2024: €178k
2018 → 2025
Working capital
€112k▼ 29.0%
2024 · €158k
2018: €-6k
2019: €-39k
2020: €-58k
2021: €-48k
2022: €-49k
2023: €83k
2024: €158k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€28k▲ 970%€181k▲ 539%€359k▲ 98.6%€465k▲ 29.8%
Operating result€56k-€68k▲ 22.1%€242k▲ 257%€264k▲ 9.0%€172k▼ 35.0%
Net result€15k-€26k▲ 70.5%€152k▲ 494%€178k▲ 16.8%€107k▼ 40.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.85M
Fixed assets
€473k ▲ 26.3%
Current assets
€1.37M ▲ 29.2%
Equity and liabilities €1.85M
Equity
€465k ▲ 29.8%
Debt
€1.38M ▲ 28.0%
The debt ratio falls from 75.1% to 74.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€253k▼
2024 · €342k
Cash flow
€189k▼
2024 · €256k
Current ratio
1.09▼
2024 · 1.17
Quick ratio
0.88▼
2024 · 1.16
Debt / equity
2.97▼
2024 · 3.01
ROE
22.9%▼
2024 · 49.6%
ROA
5.8%▼
2024 · 12.4%
Interest coverage
10.11▼
2024 · 16.53
Debt ≤ 1 year
€1.26M▲
2024 · €906k
Debt > 1 year
€119k▼
2024 · €173k
Income taxes
€45k▼
2024 · €65k
Staff costs
€476k▲
2024 · €372k
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.44M€1.85M▲
Fixed assets21/28€374k€473k▲
Tangible fixed assets22/27€365k€465k▲
Land and buildings22€100k€258k▲
Plant, machinery and equipment23€31k€33k▲
Furniture and vehicles24€126k€127k▲
Leasing and similar rights25€109k€47k▼
Financial fixed assets28€9k€7k▼
Current assets29/58€1.06M€1.37M▲
Amounts receivable after more than one year29-€14k
Other amounts receivable291-€14k
Stocks and contracts in progress3€12k€267k▲
Stocks30/36€12k€267k▲
Amounts receivable within one year40/41€974k€1.08M▲
Trade receivables40€865k€990k▲
Other amounts receivable41€109k€91k▼
Cash at bank and in hand54/58€74k-
Deferred charges and accrued income490/1€4k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.85M▲
Equity10/15€359k€465k▲
Contributions10/11€6k€8k▲
Reserves13€130k€128k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€128k€128k=
Profit (loss) carried forward14€223k€329k▲
Amounts payable17/49€1.08M€1.38M▲
Amounts payable after more than one year17€173k€119k▼
Financial debts170/4€173k€119k▼
Amounts payable within one year42/48€906k€1.26M▲
Current portion of amounts payable after more than one year42€80k€56k▼
Financial debts43€40k€56k▲
Credit institutions430/8€40k€56k▲
Trade debts44€683k€1.11M▲
Suppliers440/4€683k€1.11M▲
Advances received on contracts in progress46-€620
Taxes, remuneration and social security45€103k€41k▼
Taxes450/3€43k€2k▼
Remuneration and social security454/9€60k€40k▼
Accrued charges and deferred income492/3€328-
Income statement
Code20242025
Non-recurring operating income76A-€27k
Remuneration, social security and pensions62€372k€476k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€82k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€18k€52k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€731k€787k▲
Operating profit (loss)9901€264k€172k▼
Financial income75/76B€12€5k▲
Recurring financial income75€12€5k▲
Financial charges65/66B€21k€25k▲
Recurring financial charges65€21k€25k▲
Profit (loss) for the period before taxes9903€243k€151k▼
Income taxes67/77€65k€45k▼
Profit (loss) for the period9904€178k€107k▼
Profit (loss) for the period to be appropriated9905€178k€107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€273k€329k▲
Profit (loss) brought forward from the previous period14P€95k€223k▲
Transfer to equity691/2€50k-
To other reserves6921€50k-
Social balance
Average headcount (FTE)90879.810.7▲
The notes to these accounts (14 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €178k ▲16.8%
Operating result €264k, net result €178k, both a record.
31-12
Financial
Equity above €200kEq €359k ▲98.6%
5 profitable years in a row build equity to €359k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €150kEq €181k ▲539%
4 profitable years in a row build equity to €181k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ans · 1 establishment unit since 2010
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.
Rue de la Station 814430 AnsGround area
2,605 m²
Building footprint
128 m²
Volume, LiDAR
2,813 m³
Parcel 62332B0027/00W023, Wallonia · tallest building 25.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
SG Construction
since 20102.186.743.551
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62332B0027/00W023 | Wallonia | 2,605 m² | 1 · 128 m² | 24.9 m · 8 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
13 categoriesS.G. CONSTRUCTION SRL36868
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BaetensBouw
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Entreprises Générales du Bâtiment ORBAN - Algemene Bouwondernemingen ORBAN
BE 0428.827.397
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DUGEOS
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 9,510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2010
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
81100Combined facilities support activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.