S-GROUP
ActiveSummary
The computed 12-month bankruptcy probability of S-GROUP is 1.5% (moderate). The 2025 annual accounts show negative equity (€-197k) and a net result of €-36k. Equity is shrinking by ~12.2% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-6
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.01 in 2024; short-term debt: 131.1% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-31.1%
Return on assets
-5.7%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-197k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d early
2023
5 d early
2022
21 d early
2021
24 d early
2020
16 d early
2019
28 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
Equity
€-197k▼ 22.4%
2024 · €-161k
2018: €-77khighest in 8 years
2019: €-91k▼ -17.2% vs 2018
2020: €-97k▼ -7.0% vs 2019
2021: €-104k▼ -7.2% vs 2020
2022: €-125k▼ -20.3% vs 2021
2023: €-138k▼ -10.6% vs 2022
2024: €-161k▼ -16.1% vs 2023
2025: €-197k▼ -22.4% vs 2024lowest in 8 years
2018 → 2025
Total assets
€633k▼ 0.8%
2024 · €638k
2018: €633k
2019: €633k● +0.0% vs 2018
2020: €633k● -0.0% vs 2019lowest in 8 years
2021: €633k● +0.0% vs 2020
2022: €633k● +0.0% vs 2021
2023: €638k▲ +0.8% vs 2022highest in 8 years
2024: €638k● -0.0% vs 2023
2025: €633k▼ -0.8% vs 2024
2018 → 2025
Net result
€-36k▼ 61.8%
2024 · €-22k
2018: €-14k
2019: €-13k▲ +4.5% vs 2018
2020: €-13k▲ +5.5% vs 2019
2021: €-7k▲ +44.5% vs 2020highest in 8 years
2022: €-21k▼ -203% vs 2021
2023: €-13k▲ +36.9% vs 2022
2024: €-22k▼ -67.5% vs 2023
2025: €-36k▼ -61.8% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-829k▼ 4.5%
2024 · €-793k
2018: €-710khighest in 8 years
2019: €-723k▼ -1.9% vs 2018
2020: €-730k▼ -0.9% vs 2019
2021: €-737k▼ -1.0% vs 2020
2022: €-758k▼ -2.9% vs 2021
2023: €-771k▼ -1.8% vs 2022
2024: €-793k▼ -2.9% vs 2023
2025: €-829k▼ -4.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-104k-€-125k▼ 20.3%€-138k▼ 10.6%€-161k▼ 16.1%€-197k▼ 22.4%
2021: €-104khighest in 5 years
2022: €-125k▼ -20.3% vs 2021
2023: €-138k▼ -10.6% vs 2022
2024: €-161k▼ -16.1% vs 2023
2025: €-197k▼ -22.4% vs 2024lowest in 5 years
Operating result€-7k-€-21k▼ 208%€-28k▼ 34.2%€-22k▲ 21.1%€-36k▼ 62.4%
2021: €-7khighest in 5 years
2022: €-21k▼ -208% vs 2021
2023: €-28k▼ -34.2% vs 2022
2024: €-22k▲ +21.1% vs 2023
2025: €-36k▼ -62.4% vs 2024lowest in 5 years
Net result€-7k-€-21k▼ 203%€-13k▲ 36.9%€-22k▼ 67.5%€-36k▼ 61.8%
2021: €-7khighest in 5 years
2022: €-21k▼ -203% vs 2021
2023: €-13k▲ +36.9% vs 2022
2024: €-22k▼ -67.5% vs 2023
2025: €-36k▼ -61.8% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €22k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €633k
Fixed assets
€633k =
Current assets
€257 ▼ 94.9%
Key figures and ratios
Solvency
-31.1%▼
2024 · -25.2%
Current ratio
0.00▼
2024 · 0.01
Debt to equity
-4.21▲
2024 · -4.97
ROA
-5.7%▼
2024 · -3.5%
Debt
€830k▲
2024 · €798k
Debt ≤ 1 year
€830k▲
2024 · €798k
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 · 27 lines
Balance sheet
Code20242025
Assets
Total assets20/58€638k€633k▼
Fixed assets21/28€633k€633k=
Tangible fixed assets22/27€633k€633k=
Land and buildings22€633k€633k=
Current assets29/58€5k€257▼
Amounts receivable within one year40/41€5k-
Other amounts receivable41€5k-
Cash at bank and in hand54/58€71€257▲
Equity and liabilities
Total equity and liabilities10/49€638k€633k▼
Equity10/15€-161k€-197k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-179k€-215k▼
Amounts payable17/49€798k€830k▲
Amounts payable within one year42/48€798k€830k▲
Trade debts44€3k€15k▲
Suppliers440/4€3k€15k▲
Other amounts payable47/48€796k€814k▲
Income statement
Code20242025
Other operating charges640/8-€5k
Gross operating margin9900€-22k€-31k▼
Operating profit (loss)9901€-22k€-36k▼
Financial charges65/66B€170€153▼
Recurring financial charges65€170€153▼
Profit (loss) for the period before taxes9903€-22k€-36k▼
Profit (loss) for the period9904€-22k€-36k▼
Profit (loss) for the period to be appropriated9905€-22k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-179k€-215k▼
Profit (loss) brought forward from the previous period14P€-157k€-179k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €55 | €55 | €55 | - | €5k | - |
| Gross operating margin9900 | €-7k | €-21k | €-28k | €-22k | €-31k | ▼ 39.4% |
| Operating profit (loss)9901 | €-7k | €-21k | €-28k | €-22k | €-36k | ▼ 62.4% |
| Financial income75/76B | - | - | €15k | - | - | - |
| Recurring financial income75 | - | - | €15k | - | - | - |
| Financial charges65/66B | €179 | €195 | €250 | €170 | €153 | ▼ 10.0% |
| Recurring financial charges65 | €179 | €195 | €250 | €170 | €153 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €-7k | €-21k | €-13k | €-22k | €-36k | ▼ 61.8% |
| Profit (loss) for the period9904 | €-7k | €-21k | €-13k | €-22k | €-36k | ▼ 61.8% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-21k | €-13k | €-22k | €-36k | ▼ 61.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €633k | €633k | €638k | €638k | €633k | ▼ 0.8% |
| Fixed assets21/28 | €633k | €633k | €633k | €633k | €633k | = |
| Tangible fixed assets22/27 | €633k | €633k | €633k | €633k | €633k | = |
| Land and buildings22 | €633k | €633k | €633k | €633k | €633k | = |
| Current assets29/58 | €110 | €170 | €5k | €5k | €257 | ▼ 94.9% |
| Amounts receivable within one year40/41 | - | - | €5k | €5k | - | - |
| Other amounts receivable41 | - | - | €5k | €5k | - | - |
| Cash at bank and in hand54/58 | €110 | €170 | €115 | €71 | €257 | ▲ 261% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €633k | €633k | €638k | €638k | €633k | ▼ 0.8% |
| Equity10/15 | €-104k | €-125k | €-138k | €-161k | €-197k | ▼ 22.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-123k | €-144k | €-157k | €-179k | €-215k | ▼ 20.1% |
| Amounts payable17/49 | €737k | €758k | €776k | €798k | €830k | ▲ 3.9% |
| Amounts payable within one year42/48 | €737k | €758k | €776k | €798k | €830k | ▲ 3.9% |
| Trade debts44 | €157 | €157 | €7k | €3k | €15k | ▲ 484% |
| Suppliers440/4 | €157 | €157 | €7k | €3k | €15k | ▲ 484% |
| Other amounts payable47/48 | €736k | €758k | €769k | €796k | €814k | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-21k | €-13k | €-22k | €-36k | ▼ 61.8% |
| Operating cash flow (approximation) | €-7k | €-21k | €-13k | €-22k | €-36k | ▼ 61.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €60 | €-54 | €-44 | €186 | ▲ 523% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beringen · 1 establishment unit since 2014
Ground area
3,339 m²
Building footprint
248 m²
Volume, LiDAR
1,221 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
S-Group
since 20142.231.992.962
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B1887/00L002 | Flanders | 1,734 m² | 1 · 66 m² | 4.7 m · 1 fl. |
| 23322D0058/00L000 | Flanders | 1,604 m² | 1 · 182 m² | 7.4 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded04-06-2014
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.