S & N CONSTRUCT
ActiveSummary
S & N CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €323,329 and a net result of €90,934. Equity is growing by ~49.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 1222 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+13
Solvency75▲+6
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.76 in 2024; short-term debt: 50% and cash: 22.9% of total assets), but 50% of the assets are financed with debt.
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Signals
Three 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
50%
Return on assets
14.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2023
29 d late
2022
1 d late
2021
on the day
2020
575 d late
2019
209 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 117 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
Turnover
€2.3m▲ 438%
2021 · €427,594
EBIT margin
9.3%▲ 4.7pp
2021 · 4.6%
Net result
€90,934▲ 431%
2024 · €17,138
Working capital
€308,826▲ 39.1%
2024 · €222,066
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€427,594▲ 4.8%€2.3m
Operating result€19,738€24,654▲ 24.9%€214,036▲ 768%€27,490▼ 87.2%€131,688▲ 379%
Net result€12,045€17,092▲ 41.9%€159,165▲ 831%€17,138▼ 89.2%€90,934▲ 431%
EBIT margin4.6%▲ 5.4pp9.3%
Equity€39,001▲ 44.7%€56,092▲ 43.8%€215,257▲ 284%€232,395▲ 8.0%€323,329▲ 39.1%
Total assets€119,168▲ 79.2%€120,918▲ 1.5%€523,179▲ 333%€525,516▲ 0.4%€647,170▲ 23.1%
Debt€80,168▲ 103%€64,826▼ 19.1%€307,921▲ 375%€293,120▼ 4.8%€323,841▲ 10.5%
Working capital€4,903▼ 72.7%€27,133▲ 453%€172,145▲ 534%€222,066▲ 29.0%€308,826▲ 39.1%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -89% on 2023. Cause not known from the registers.
- 2023 Net result +831%, Equity +284%, Total assets +333% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 379% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €647,170
Fixed assets
€14,503 ▲ 26.2%
Current assets
€632,667 ▲ 23.1%
Equity and liabilities €647,170
Equity
€323,329 ▲ 39.1%
Debt
€323,841 ▲ 10.5%
Debt's share of the balance-sheet total falls from 55.8% to 50.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€139,509▲
2024 · €34,147
Cash flow
€98,755▲
2024 · €23,795
Current ratio
1.95▲
2024 · 1.76
Debt to equity
1.00▼
2024 · 1.26
ROE
28.1%▲
2024 · 7.4%
ROA
14.1%▲
2024 · 3.3%
Interest coverage
51.33▲
2024 · 19.45
Debt ≤ 1 year
€323,841▲
2024 · €291,958
Debt > 1 year
€0▼
2024 · €1,162
Income taxes
€42,938▲
2024 · €8,808
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,776 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €427,594 | - | €2.3m | - | - | - |
| Non-recurring operating income76A | - | - | - | €712 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2.1m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,680 | €19,100 | €21,879 | €6,657 | €7,821 | ▲ 17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8,727 | -€3,952 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €1,597 | €3,229 | €11,302 | €4,612 | ▼ 59.2% |
| Non-recurring operating charges66A | - | - | - | €11,808 | €0 | ▼ 100% |
| Gross operating margin9900 | €37,598 | €45,351 | €247,871 | €53,305 | €144,121 | ▲ 170% |
| Operating profit (loss)9901 | €19,738 | €24,654 | €214,036 | €27,490 | €131,688 | ▲ 379% |
| Financial income75/76B | - | €0 | €233 | €212 | €4,902 | ▲ 2,216% |
| Recurring financial income75 | €1 | €0 | €233 | €212 | €4,902 | ▲ 2,216% |
| Non-recurring financial income76B | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €1,269 | €1,263 | €1,756 | €2,718 | ▲ 54.8% |
| Recurring financial charges65 | €1,385 | €1,269 | €1,263 | €1,756 | €2,718 | ▲ 54.8% |
| Profit (loss) for the period before taxes9903 | €18,354 | €23,386 | €213,007 | €25,946 | €133,872 | ▲ 416% |
| Income taxes67/77 | €6,309 | €6,294 | €53,841 | €8,808 | €42,938 | ▲ 388% |
| Profit (loss) for the period9904 | €12,045 | €17,092 | €159,165 | €17,138 | €90,934 | ▲ 431% |
| Profit (loss) for the period to be appropriated9905 | €12,045 | €17,092 | €159,165 | €17,138 | €90,934 | ▲ 431% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,168 | €120,918 | €523,179 | €525,516 | €647,170 | ▲ 23.1% |
| Fixed assets21/28 | €67,162 | €49,122 | €50,177 | €11,492 | €14,503 | ▲ 26.2% |
| Tangible fixed assets22/27 | €67,162 | €49,122 | €50,177 | €11,492 | €14,503 | ▲ 26.2% |
| Plant, machinery and equipment23 | - | €85 | - | €3,777 | €11,057 | ▲ 193% |
| Furniture and vehicles24 | - | €32,654 | €38,648 | €1,039 | €1,625 | ▲ 56.3% |
| Leasing and similar rights25 | - | €16,383 | €11,529 | €6,675 | €1,822 | ▼ 72.7% |
| Current assets29/58 | €52,007 | €71,796 | €473,002 | €514,024 | €632,667 | ▲ 23.1% |
| Amounts receivable within one year40/41 | €38,177 | €48,837 | €318,257 | €333,093 | €455,614 | ▲ 36.8% |
| Trade receivables40 | - | €34,105 | €258,616 | €289,736 | €367,007 | ▲ 26.7% |
| Other amounts receivable41 | - | €14,732 | €59,641 | €43,357 | €88,607 | ▲ 104% |
| Cash at bank and in hand54/58 | €11,856 | €20,660 | €152,396 | €142,566 | €148,363 | ▲ 4.1% |
| Deferred charges and accrued income490/1 | - | €2,299 | €2,349 | €38,364 | €28,691 | ▼ 25.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,168 | €120,918 | €523,179 | €525,516 | €647,170 | ▲ 23.1% |
| Equity10/15 | €39,001 | €56,092 | €215,257 | €232,395 | €323,329 | ▲ 39.1% |
| Contributions10/11 | €0 | €6,200 | €7,800 | €7,800 | €7,800 | = |
| Reserves13 | €1,600 | €1,600 | - | - | €90,934 | - |
| Non-distributable reserves130/1 | - | €1,600 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,600 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €90,934 | - |
| Profit (loss) carried forward14 | €31,201 | €48,292 | €207,457 | €224,595 | €224,595 | = |
| Amounts payable17/49 | €80,168 | €64,826 | €307,921 | €293,120 | €323,841 | ▲ 10.5% |
| Amounts payable after more than one year17 | €33,064 | €20,163 | €7,064 | €1,162 | €0 | ▼ 100% |
| Financial debts170/4 | - | €20,163 | €7,064 | €1,162 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €47,103 | €44,662 | €300,857 | €291,958 | €323,841 | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €12,901 | €25,872 | €13,328 | €3,687 | ▼ 72.3% |
| Trade debts44 | €16,887 | €9,815 | €209,397 | €229,263 | €261,713 | ▲ 14.2% |
| Suppliers440/4 | - | €9,815 | €209,397 | €229,263 | €261,713 | ▲ 14.2% |
| Taxes, remuneration and social security45 | - | €10,194 | €58,641 | €39,949 | €47,938 | ▲ 20.0% |
| Taxes450/3 | - | €10,194 | €58,641 | €39,949 | €47,938 | ▲ 20.0% |
| Other amounts payable47/48 | - | €11,752 | €6,946 | €9,418 | €10,503 | ▲ 11.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,045 | €17,092 | €159,165 | €17,138 | €90,934 | ▲ 431% |
| + Depreciation and write-downs630 | €15,680 | €19,100 | €21,879 | €6,657 | €7,821 | ▲ 17.5% |
| Operating cash flow (approximation) | €27,725 | €36,191 | €181,045 | €23,795 | €98,755 | ▲ 315% |
| Investment in fixed assets (approximation) | - | -€1,060 | -€22,934 | €32,028 | -€10,833 | ▼ 134% |
| Change in cash | - | €8,804 | €131,736 | -€9,830 | €5,796 | ▲ 159% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Highest result since 2019net €159,165 ▲831%
Operating result €214,036, net result €159,165, both a record.
30-06
Financial
Equity above €200,000Eq €215,257 ▲284%
3 profitable years in a row build equity to €215,257.
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 575 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €12,045
Net result €12,045 after one loss-making year.
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 209 days late
30-06
Financial
Weakest financial yearnet -€3,827
Net result drops to -€3,827, the lowest in the series; recovery starts the following year.
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, Lochristi · 1 establishment unit since 2017
Ground area
946 m²
Building footprint
178 m²
Volume, LiDAR
703 m³
Parcel 44008D0281/00C000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
S & N CONSTRUCT
since 20172.279.760.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44008D0281/00C000 | Flanders | 946 m² | 1 · 178 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
5 categoriesS & N CONSTRUCT BV43141
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Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 1,599 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
Founded27-11-2017
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
81220Other building cleaning and industrial cleaning
43211General electrical installation work
43221Plumbing work
43331Floor and wall tiling
43341Painting of buildings
43350Other building finishing work
43422Screed work
43990Other specialised construction activities
81210General cleaning of buildings
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685403681
Also
9925:BE0685403681
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.