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S-Gardens

Active
Private limited companyfounded 20242 yrs activeZeedijk-Heist 284, 8301 Knokke-Heist, BelgiumKBO/BCE: BE 1010.122.663
Summary

The computed 12-month bankruptcy probability of S-Gardens is 3.4% (moderate). The 2025 annual accounts show equity of €1,258 and a net result of -€3,742. Its solvency ranks better than 18% of 4600 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability50
Solvency33
Growth-
Track record67
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.45; short-term debt: 90.9% and cash: 24.9% of total assets), and 91.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
8.3%
Return on assets
-24.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4600 sector peers (2025).
NBB · sector comparison
Position among 4600 sector peers
Solvency
better than 18%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
18 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 June 2024, S-Gardens was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€1,258
Total assets
€15,105
Net result
-€3,742
Working capital
-€7,536

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €15,105
Fixed assets €8,906
Current assets €6,199
Equity and liabilities €15,105
Equity €1,258
Debt €13,847
Debt finances 91.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€3,219
Cash flow
€2,751
Current ratio
0.45
Debt to equity
11.01
ROE
-297.5%
ROA
-24.8%
Interest coverage
6.87
Debt ≤ 1 year
€13,735
Staff costs
€54,032

Peer companies

Historical observation

Of the 757 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
4.8% stopped otherwise
87% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 757 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€15,105
Fixed assets21/28€8,906
Tangible fixed assets22/27€8,906
Plant, machinery and equipment23€2,824
Furniture and vehicles24€6,083
Current assets29/58€6,199
Amounts receivable within one year40/41€419
Other amounts receivable41€419
Cash at bank and in hand54/58€3,754
Deferred charges and accrued income490/1€2,025
Equity and liabilities
Total equity and liabilities10/49€15,105
Equity10/15€1,258
Contributions10/11€5,000
Profit (loss) carried forward14-€3,742
Amounts payable17/49€13,847
Amounts payable within one year42/48€13,735
Financial debts43€7,750
Credit institutions430/8€7,750
Trade debts44€4,328
Suppliers440/4€4,328
Taxes, remuneration and social security45€599
Taxes450/3€599
Other amounts payable47/48€1,058
Accrued charges and deferred income492/3€112
Income statement Code2025
Remuneration, social security and pensions62€54,032
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,493
Other operating charges640/8€1,490
Gross operating margin9900€58,741
Operating profit (loss)9901-€3,273
Financial charges65/66B€469
Recurring financial charges65€469
Profit (loss) for the period before taxes9903-€3,742
Profit (loss) for the period9904-€3,742
Profit (loss) for the period to be appropriated9905-€3,742
Appropriation of the result
Profit (loss) to be appropriated9906-€3,742

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€54,032
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,493
Other operating charges640/8€1,490
Gross operating margin9900€58,741
Operating profit (loss)9901-€3,273
Financial charges65/66B€469
Recurring financial charges65€469
Profit (loss) for the period before taxes9903-€3,742
Profit (loss) for the period9904-€3,742
Profit (loss) for the period to be appropriated9905-€3,742
Line2025
Assets
Total assets20/58€15,105
Fixed assets21/28€8,906
Tangible fixed assets22/27€8,906
Plant, machinery and equipment23€2,824
Furniture and vehicles24€6,083
Current assets29/58€6,199
Amounts receivable within one year40/41€419
Other amounts receivable41€419
Cash at bank and in hand54/58€3,754
Deferred charges and accrued income490/1€2,025
Equity and liabilities
Total equity and liabilities10/49€15,105
Equity10/15€1,258
Contributions10/11€5,000
Profit (loss) carried forward14-€3,742
Amounts payable17/49€13,847
Amounts payable within one year42/48€13,735
Financial debts43€7,750
Credit institutions430/8€7,750
Trade debts44€4,328
Suppliers440/4€4,328
Taxes, remuneration and social security45€599
Taxes450/3€599
Other amounts payable47/48€1,058
Accrued charges and deferred income492/3€112
Line2025
Profit (loss) for the period9904-€3,742
+ Depreciation and write-downs630€6,493
Operating cash flow (approximation)€2,751

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Knokke-Heist · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
893 m²
Building footprint
381 m²
Volume, LiDAR
3,006 m³
2 parcels, Flanders · tallest building 19.9 m, ±4 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
S-Gardens
Depotstraat 29, 2620 HemiksemSupport activities for crop production
since 20242.360.869.439
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11018C0304/00C008 Flanders 641 m² 1 · 129 m² 10.9 m · 3 fl.
31336H1221/00A000 Flanders 252 m² 1 · 252 m² 19.9 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 21,212 companies in sector 81300 we hold annual accounts for 4,368. 619 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
Founded06-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
71113Urban planning and landscape architecture
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010122663
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.