S-Projects
ActiveSummary
The computed 12-month bankruptcy probability of S-Projects is 1.9% (moderate). The 2025 annual accounts show equity of €24k and a net result of €268. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 93% of 7500 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+19
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 5.78 against 5.05 in 2024; short-term debt: 12.5% and cash: 4.9% of total assets), and 12.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
87.5%
Return on assets
1%
Age of the figures
9 mo
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 21-07-2026, 10 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
10 d early
2024
17 d early
2023
7 d early
2022
13 d early
2021
12 d early
← 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
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€24k▲ 1.1%
2024 · €24k
Total assets
€27k▲ 1.3%
2024 · €27k
Net result
€268
2024 · €-4k
Working capital
€16k▲ 21.4%
2024 · €13k
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
Operating result€23k-€4k▼ 81.1%€5k▲ 23.9%€-4k€1k
Net result€18k-€3k▼ 83.0%€4k▲ 36.3%€-4k€268
Equity€20k-€23k▲ 14.9%€28k▲ 17.7%€24k▼ 14.1%€24k▲ 1.1%
Total assets€29k-€38k▲ 31.5%€34k▼ 10.8%€27k▼ 21.0%€27k▲ 1.3%
Debt€9k-€15k▲ 70.2%€7k▼ 55.7%€3k▼ 49.5%€3k▲ 2.7%
Working capital€17k-€10k▼ 43.1%€15k▲ 61.3%€13k▼ 13.2%€16k▲ 21.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€8k ▼ 25.6%
Current assets
€20k ▲ 17.7%
Equity and liabilities €27k
Equity
€24k ▲ 1.1%
Debt
€3k ▲ 2.7%
Debt's share of the balance-sheet total rises from 12.3% to 12.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▲
2024 · €3k
Cash flow
€7k▲
2024 · €3k
Current ratio
5.78▲
2024 · 5.05
Debt to equity
0.14▲
2024 · 0.14
ROE
1.1%▲
2024 · -16.5%
ROA
1.0%▲
2024 · -14.4%
Interest coverage
25.73▲
2024 · 8.78
Debt ≤ 1 year
€3k▲
2024 · €3k
Income taxes
€490
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €952 | €2k | €6k | €7k | €7k | ▲ 6.9% |
| Other operating charges640/8 | €572 | €829 | €261 | €1k | €1k | ▼ 1.8% |
| Gross operating margin9900 | €24k | €7k | €11k | €4k | €9k | ▲ 118% |
| Operating profit (loss)9901 | €23k | €4k | €5k | €-4k | €1k | ▲ 130% |
| Financial income75/76B | €54 | €0 | €898 | €0 | - | - |
| Recurring financial income75 | €54 | €0 | €898 | €0 | - | - |
| Financial charges65/66B | €483 | €464 | €519 | €352 | €317 | ▼ 9.9% |
| Recurring financial charges65 | €483 | €464 | €519 | €352 | €317 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €22k | €4k | €6k | €-4k | €758 | ▲ 119% |
| Income taxes67/77 | €4k | €769 | €2k | - | €490 | - |
| Profit (loss) for the period9904 | €18k | €3k | €4k | €-4k | €268 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €18k | €3k | €4k | €-4k | €268 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29k | €38k | €34k | €27k | €27k | ▲ 1.3% |
| Fixed assets21/28 | €6k | €17k | €13k | €10k | €8k | ▼ 25.6% |
| Tangible fixed assets22/27 | €6k | €17k | €13k | €10k | €8k | ▼ 25.6% |
| Plant, machinery and equipment23 | - | €13k | €10k | €8k | €7k | ▼ 16.7% |
| Furniture and vehicles24 | €6k | €4k | €3k | €2k | €678 | ▼ 64.5% |
| Current assets29/58 | €23k | €21k | €21k | €17k | €20k | ▲ 17.7% |
| Amounts receivable within one year40/41 | €18k | €18k | €14k | €15k | €18k | ▲ 25.1% |
| Trade receivables40 | €5k | €4k | €3k | €5k | €4k | ▼ 21.9% |
| Other amounts receivable41 | €13k | €14k | €11k | €10k | €15k | ▲ 47.2% |
| Cash at bank and in hand54/58 | €5k | €3k | €7k | €2k | €1k | ▼ 35.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29k | €38k | €34k | €27k | €27k | ▲ 1.3% |
| Equity10/15 | €20k | €23k | €28k | €24k | €24k | ▲ 1.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €18k | €21k | €25k | €21k | €21k | ▲ 1.3% |
| Amounts payable17/49 | €9k | €15k | €7k | €3k | €3k | ▲ 2.7% |
| Amounts payable after more than one year17 | €2k | €3k | €1k | - | - | - |
| Financial debts170/4 | €2k | €3k | €1k | - | - | - |
| Amounts payable within one year42/48 | €6k | €11k | €5k | €3k | €3k | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | €2k | €3k | €2k | €1k | - | - |
| Trade debts44 | €141 | €2k | €617 | €334 | €3k | ▲ 761% |
| Suppliers440/4 | €141 | €2k | €617 | €334 | €3k | ▲ 761% |
| Taxes, remuneration and social security45 | €5k | €6k | €2k | €2k | €540 | ▼ 65.7% |
| Taxes450/3 | €5k | €6k | €2k | €2k | €540 | ▼ 65.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €3k | €4k | €-4k | €268 | ▲ 107% |
| + Depreciation and write-downs630 | €952 | €2k | €6k | €7k | €7k | ▲ 6.9% |
| Operating cash flow (approximation) | €19k | €5k | €10k | €3k | €7k | ▲ 169% |
| Investment in fixed assets (approximation) | - | €-14k | €-2k | €-3k | €-4k | ▼ 33.1% |
| Change in cash | - | €-2k | €3k | €-4k | €-728 | ▲ 83.8% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €268
Net result €268 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.00
Current ratio from 1.85 to 4.00; short-term debt falls from €11k to €5k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hamme (Vl.) · 1 establishment unit since 2021
Ground area
302 m²
Building footprint
141 m²
Parcel 42008A1736/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
S-Projects
since 20212.315.293.790
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42008A1736/00Y000 | Flanders | 302 m² | 1 · 141 m² | - |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 11,971 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
Founded11-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42212Civil engineering
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.