S & L GROUP
ActiveSummary
The computed 12-month bankruptcy probability of S & L GROUP is 2.0% (moderate). The 2024 annual accounts show equity of €189k and a net result of €75k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 85% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 4.91 against 2.85 in 2023; short-term debt: 20.2% and cash: 1.2% of total assets), and 20.2% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €189k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
370 d late
2022
560 d late
2021
131 d late
2020
194 d late
2019
559 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€189k▲ 65.7%
2023 · €114k
2018: €33k
2019: €43k
2020: €20k
2021: €31k
2022: €46k
2023: €114k
2018 → 2024
Total assets
€238k▲ 38.2%
2023 · €172k
2018: €97k
2019: €109k
2020: €51k
2021: €51k
2022: €103k
2023: €172k
2018 → 2024
Net result
€75k▲ 11.3%
2023 · €68k
2018: €14k
2019: €11k
2020: €-24k
2021: €11k
2022: €15k
2023: €68k
2018 → 2024
Working capital
€188k▲ 76.4%
2023 · €107k
2018: €28k
2019: €40k
2020: €3k
2021: €24k
2022: €34k
2023: €107k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20k-€31k▲ 57.7%€46k▲ 47.5%€114k▲ 147%€189k▲ 65.7%
Operating result€-23k-€12k€15k▲ 29.2%€89k▲ 488%€76k▼ 14.8%
Net result€-24k-€11k€15k▲ 30.0%€68k▲ 353%€75k▲ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €238k
Fixed assets
€1k ▼ 80.9%
Current assets
€236k ▲ 43.8%
Equity and liabilities €238k
Equity
€189k ▲ 65.7%
Debt
€48k ▼ 16.5%
Debt's share of the balance-sheet total falls from 33.5% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▼
2023 · €94k
Cash flow
€81k▲
2023 · €73k
Current ratio
4.91▲
2023 · 2.85
Debt to equity
0.25▼
2023 · 0.50
ROE
39.7%▼
2023 · 59.1%
ROA
31.6%▼
2023 · 39.3%
Interest coverage
137.47▼
2023 · 343.99
Debt ≤ 1 year
€48k▼
2023 · €58k
Staff costs
€63k▼
2023 · €73k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€172k€238k▲
Fixed assets21/28€8k€1k▼
Tangible fixed assets22/27€8k€1k▼
Plant, machinery and equipment23€811€324▼
Furniture and vehicles24€7k€1k▼
Current assets29/58€164k€236k▲
Amounts receivable after more than one year29€60k-
Trade receivables290€60k-
Amounts receivable within one year40/41€105k€215k▲
Trade receivables40€78k€39k▼
Other amounts receivable41€27k€175k▲
Cash at bank and in hand54/58-€3k
Deferred charges and accrued income490/1-€18k
Equity and liabilities
Total equity and liabilities10/49€172k€238k▲
Equity10/15€114k€189k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€94k€170k▲
Amounts payable17/49€58k€48k▼
Amounts payable within one year42/48€58k€48k▼
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€15k€10k▼
Suppliers440/4€15k€10k▼
Taxes, remuneration and social security45€36k€38k▲
Taxes450/3€36k€28k▼
Remuneration and social security454/9-€10k
Income statement
Code20232024
Remuneration, social security and pensions62€73k€63k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8-€35k
Gross operating margin9900€167k€180k▲
Operating profit (loss)9901€89k€76k▼
Financial charges65/66B€274€596▲
Recurring financial charges65€274€596▲
Profit (loss) for the period before taxes9903€89k€75k▼
Income taxes67/77€21k-
Profit (loss) for the period9904€68k€75k▲
Profit (loss) for the period to be appropriated9905€68k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€170k▲
Profit (loss) brought forward from the previous period14P€27k€94k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 370 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 560 days late
2024
31-12
Financial
Highest result since 2018net €75k ▲11.3%
Net result €75k, the highest in the series.
31-12
Financial
Equity above €150kEq €189k ▲65.7%
4 profitable years in a row build equity to €189k.
2023
31-12
Financial
Equity above €100kEq €114k ▲147%
3 profitable years in a row build equity to €114k.
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 194 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 559 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.21
Current ratio from 1.10 to 2.21; short-term debt falls from €31k to €19k.
2020
31-12
Financial
Weakest financial yearnet €-24k ▼324%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 2018
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.
Louizalaan 209a1050 ElseneGround area
795 m²
Building footprint
732 m²
Volume, LiDAR
18,003 m³
2 parcels, Brussels · tallest building 32.3 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
S & L GROUP
since 20182.274.890.421
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
| 21812N1396/00W000 | Brussels | 315 m² | 1 · 315 m² | 32.3 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
TEAM MONTAGE
BE 0696.911.742
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GLa Projecten
BE 0680.559.225
Wortegem-Petegem · Eq €189,424
BDP Build
BE 0688.881.330
Schaarbeek · Eq €189,403
SYSTEM TOITURE
BE 0806.554.901
Binche · Eq €189,583
ROY TECHNICS
BE 0800.120.732
Diepenbeek · Eq €189,675
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,907 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43990Other specialised construction activities
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.