S GROUP CONSTRUCT (0563.370.060): annual accounts and directors

S GROUP CONSTRUCT

Molenbeek-Saint-Jean ·KBO/BCE: BE 0563.370.060

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%

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%

Company	Total assets	Gross margin	Solvency	Staff
S GROUP CONSTRUCT Molenbeek-Saint-Jean	€1.1m	€42,929	19.8%	-
COOL RACING Woluwe-Saint-Lambert	€1.3m	€25,026	-4.0%	-
CBM Begijnendijk	€1.0m	€52,109	5.2%	-
JT INVEST Liedekerke	€1.0m	€54,359	37.7%	0
Rail4Rent Immo Pelt	€0.6m	€46,958	51.0%	-
SOBELTAX LOCATION NAMUR Namur	€0.8m	€94,526	11.8%	-
IB INVEST La Louvière	€0.6m	€43,634	18.4%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Balance sheet: assets
Total assets`20/58`	1.1m	859,275	908,626	968,362	667,788	321,598	313,991	307,297	74,045	36,557	34,531
Fixed assets`21/28`	125,277	165,086	150,487	126,555	120,806	124,138	131,466	133,870	22,936	13,248	16,544
Tangible fixed assets`22/27`	125,277	165,086	150,487	126,555	120,806	124,138	131,466	133,870	22,936	13,248	16,544
Land and buildings`22`	110,000	110,000	110,000	110,000	110,000	110,000	110,000	110,000	-	-	-
Plant, machinery and equipment`23`	6,972	11,040	15,488	4,384	1,867	5,708	3,949	-	-	-	-
Furniture and vehicles`24`	3,422	32,197	6,184	12,172	8,939	8,430	17,517	19,734	14,664	840	-
Leasing and similar rights`25`	4,883	11,849	18,815	-	-	-	-	-	-	-	-
Current assets`29/58`	985,667	694,189	758,139	841,806	546,982	197,460	182,525	173,427	51,109	23,309	17,987
Stocks and contracts in progress`3`	17,355	17,355	-	-	-	-	-	-	-	-	-
Stocks`30/36`	17,355	17,355	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	897,821	605,859	687,164	672,548	545,580	197,460	106,584	97,018	49,990	21,616	16,318
Trade receivables`40`	606,542	140,901	185,737	612,607	532,338	159,443	89,595	63,257	36,243	19,484	13,262
Other amounts receivable`41`	291,279	464,958	501,427	59,942	13,241	38,017	16,989	33,761	13,747	2,132	3,056
Current investments`50/53`	70,490	70,490	70,490	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	-	485	-	168,767	632	-	75,000	75,000	2	1,693	1,669
Deferred charges and accrued income`490/1`	-	-	485	491	771	-	941	1,409	1,117	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.1m	859,275	908,626	968,362	667,788	321,598	313,991	307,297	74,045	36,557	34,531
Equity`10/15`	219,698	211,255	177,555	148,881	83,511	16,214	12,305	9,361	8,108	7,681	6,245
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Capital`10`	-	6,200	6,200	6,200	6,200	-	-	-	-	-	-
Issued capital`100`	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	502	76	2
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-
Legal reserve`130`	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	502	76	2
Reserves not available under the articles`1311`	1,860	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	211,638	203,195	169,495	140,821	75,451	8,154	4,245	1,301	1,406	1,405	43
Amounts payable`17/49`	891,245	648,020	731,071	819,481	584,277	305,384	301,686	297,936	65,937	28,876	28,286
Amounts payable after more than one year`17`	-	-	-	-	-	15,000	125,000	133,966	7,033	10,389	16,600
Financial debts`170/4`	-	-	-	-	-	15,000	125,000	133,966	7,033	10,389	16,600
Amounts payable within one year`42/48`	891,245	648,020	731,071	819,481	584,277	290,384	176,686	163,970	58,904	18,487	11,686
Current portion of amounts payable after more than one year`42`	-	67,410	-	-	-	-	8,966	9,908	3,357	3,186	-
Financial debts`43`	-	-	651	-	-	3,988	3,887	550	-	-	-
Credit institutions`430/8`	-	-	651	-	-	3,988	3,887	550	-	-	-
Trade debts`44`	871,961	430,615	530,115	621,467	477,325	169,661	1,244	13,729	4,490	3,784	7,123
Suppliers`440/4`	871,961	430,615	530,115	621,467	477,325	169,661	1,244	13,729	4,490	3,784	7,123
Taxes, remuneration and social security`45`	19,262	12,387	63,156	58,125	31,502	10,795	4,589	3,267	4,737	478	33
Taxes`450/3`	19,262	12,387	63,156	58,125	31,502	5,795	4,589	3,267	1,987	478	33
Remuneration and social security`454/9`	-	-	-	-	-	5,000	-	-	2,750	-	-
Other amounts payable`47/48`	23	137,608	137,149	139,890	75,451	105,940	158,000	136,516	46,320	11,039	4,530
Income statement
Gross operating margin`9900`	42,929	43,118	41,098	98,981	103,367	50,734	140,499	120,897	18,613	7,657	5,295
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	12,301	17,396	10,828	6,965	8,332	12,928	22,318	36,369	11,677	4,556	4,136
Other operating charges`640/8`	29,324	521	1,756	2,457	1,599	1,437	7,361	4,807	4,122	408	755
Operating profit (loss)`9901`	1,304	25,201	28,514	89,559	93,436	36,369	110,820	79,721	2,814	2,693	404
Financial income`75/76B`	18,557	25,355	11,924	1,055	-	131	288	93	90	-	-
Recurring financial income`75`	18,557	25,355	11,924	1,055	-	131	288	93	90	-	-
Financial charges`65/66B`	5,174	4,470	1,573	56	433	7,385	2,741	2,281	935	812	326
Recurring financial charges`65`	5,174	4,470	1,573	56	433	7,385	2,741	2,281	935	812	326
Profit (loss) for the period before taxes`9903`	14,687	46,086	38,865	90,558	93,003	29,115	108,367	77,533	1,969	1,881	78
Income taxes`67/77`	6,243	12,386	10,191	25,188	25,707	1,206	5,423	1,280	1,543	444	33
Profit (loss) for the period`9904`	8,444	33,700	28,674	65,370	67,297	27,909	102,944	76,253	426	1,437	45
Profit (loss) for the period to be appropriated`9905`	8,444	33,700	28,674	65,370	67,297	27,909	102,944	76,253	426	1,437	45
Appropriation of the result
Profit (loss) to be appropriated`9906`	211,638	203,195	169,495	140,821	75,451	32,154	104,245	77,658	1,832	1,479	45
Profit (loss) brought forward from the previous period`14P`	203,194	169,495	140,821	75,451	8,154	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	1,357	426	74	2
To the legal reserve`6920`	-	-	-	-	-	-	-	1,357	426	74	2
Profit to be distributed`694/7`	-	-	-	-	-	24,000	100,000	75,000	-	-	-
Directors or managers`695`	-	-	-	-	-	24,000	100,000	75,000	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	24-09-2026	2026-00543546	PDF
31-12-2024	micro format	25-09-2025	2025-00503236	PDF
31-12-2023	micro format	29-10-2024	2024-00523817	PDF
31-12-2022	micro format	09-10-2023	2023-00478937	PDF
31-12-2021	micro format	20-03-2023	2023-00042842	PDF
31-12-2020	micro format	19-10-2021	2021-72400282	PDF
31-12-2019	micro format	17-07-2020	2020-32100563	PDF
31-12-2018	micro format	18-09-2019	2019-64900445	PDF
31-12-2017	micro format	15-05-2019	2019-13200371	PDF
31-12-2016	micro format	06-10-2017	2017-66700428	PDF
31-12-2015	full format	21-12-2016	2016-71000141	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBITDA	13,605	42,597	39,342	96,524	101,768	49,297	133,138	116,090	14,491	7,249	4,540
Cash flow	20,745	51,096	39,502	72,335	75,629	40,837	125,262	112,622	12,103	5,993	4,181
Investment in fixed assets (approximation)	-27,507	31,995	34,759	12,714	5,000	5,600	19,913	147,304	21,364	1,260	20,680
Change in cash	-	-	-	168,135	-	-	0	74,998	-1,691	24	-
Working capital	94,421	46,169	27,068	22,325	-37,295	-92,924	5,839	9,457	-7,795	4,822	6,301
Solvency	19.8%	24.6%	19.5%	15.4%	12.5%	5.0%	3.9%	3.0%	11.0%	21.0%	18.1%
Current ratio	1.11	1.07	1.04	1.03	0.94	0.68	1.03	1.06	0.87	1.26	1.54
Quick ratio	1.09	1.04	1.04	1.03	0.94	0.68	1.03	1.06	0.87	1.26	1.54
Debt to equity	4.06	3.07	4.12	5.50	7.00	18.83	24.52	31.83	8.13	3.76	4.53
ROE	3.8%	16.0%	16.1%	43.9%	80.6%	172.1%	836.6%	814.6%	5.3%	18.7%	0.7%
ROA	0.8%	3.9%	3.2%	6.8%	10.1%	8.7%	32.8%	24.8%	0.6%	3.9%	0.1%
Interest coverage	2.63	9.53	25.01	over 100	over 100	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€31,995	€34,759	€12,714	€5,000
Depreciation and write-downs of the year	€12,301	€17,396	€10,828	€6,965	€8,332

GAZONOR BENELUX registered office since 12-09-2008 · founded in 2008	turnover €5.5m (2025) 0806.370.601
MELIKOV INVESTISSEMENTS registered office since 10-09-2015 · founded in 2015	total assets €9.6m (2025) 0636.943.570
Powerdot Belgium registered office since 25-04-2023 · founded in 2023	total assets €7.3m (2025) 0801.128.245
KTRI EUROPE registered office since 12-12-2024 · founded in 2024	total assets €4.0m (2025) 1017.326.003
ARK/8 registered office since 12-06-2007 · founded in 2007 · negative equity (2024) · accounts filed late	0.7 FTE (2024) 0890.015.382
SUCH INVEST registered office since 11-06-2018 · founded in 2018	total assets €1.9m (2025) 0697.813.248
EUROPEAN SERVICES, LOGISTICS & PROCUREMENT registered office since 05-10-2006 · founded in 2006	total assets €1.5m (2024) 0882.933.293
ETS.VH registered office since 28-02-2008 · founded in 2008	total assets €1.3m (2025) 0896.079.466
MASRAF registered office since 08-07-2022 · founded in 2022	total assets €1.3m (2025) 0788.392.541
SMAX IMMO registered office since 10-07-2017 · founded in 2017 · accounts filed late	total assets €1.2m (2025) 0678.456.897

23-02-2026	Discontinued	Bouwen of herbouwen submitted 31-12-2025 · project 2025160068	Asse
31-10-2024	Discontinued	Bouwen of herbouwen submitted 06-10-2024 · project 2024129857	Asse

Overview

Lifetime

Key points

Equity

Turnover

Debts

Filings

At the same address

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on S GROUP CONSTRUCT

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cash

Position in the sector

Solvency19.8%

Current ratio1.11

Return on assets0.8%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on S GROUP CONSTRUCT

Board & ownership

Curator

Board

Mandates through the years

Control

Capital

Articles of association

Shareholders

Network & group

No group

At the same address

Earlier ties

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Environmental permits

Location

Parcels

Invoicing and payment