S.V.K. Coating
ActiveThe computed 12-month bankruptcy probability of S.V.K. Coating is 2.3% (moderate). The 2024 annual accounts show equity of €191k and a net result of €12k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 7446 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▼-2
Solvency79▲+2
Growth68=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.15 in 2023; short-term debt: 32.1% and cash: 15.2% of total assets), and 46.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
25 d late
2022
108 d late
2021
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.51M▲ 14.0%
2023 · €1.33M
2021: €667k
2022: €1.02M
2023: €1.33M
2021 → 2024
EBIT margin
1.6%▼ 0.7pp
2023 · 2.3%
2021: 8.2%
2022: 16.1%
2023: 2.3%
2021 → 2024
Net result
€12k▼ 29.3%
2023 · €17k
2021: €40k
2022: €116k
2023: €17k
2021 → 2024
Working capital
€137k▼ 12.2%
2023 · €156k
2021: €39k
2022: €141k
2023: €156k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€667k-€1.02M▲ 53.0%€1.33M▲ 30.0%€1.51M▲ 14.0%
Equity€46k-€162k▲ 254%€179k▲ 10.6%€191k▲ 6.7%
Operating result€55k-€164k▲ 201%€31k▼ 81.2%€24k▼ 21.6%
Net result€40k-€116k▲ 192%€17k▼ 85.3%€12k▼ 29.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 22% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €357k
Fixed assets
€105k▲ 113%
Current assets
€252k▼ 13.7%
Equity and liabilities €357k
Equity
€191k▲ 6.7%
Debt
€166k▲ 2.2%
The debt ratio falls from 47.5% to 46.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▲
2023 · €47k
Cash flow
€35k▲
2023 · €33k
Solvency
53.5%▲
2023 · 52.5%
Current ratio
2.20▲
2023 · 2.15
Quick ratio
2.15▲
2023 · 2.11
Debt / equity
0.87▼
2023 · 0.91
ROE
6.3%▼
2023 · 9.5%
ROA
3.4%▼
2023 · 5.0%
Interest coverage
11.71▲
2023 · 7.36
Debt
€166k▲
2023 · €162k
Debt ≤ 1 year
€115k▼
2023 · €135k
Debt > 1 year
€51k▲
2023 · €27k
Income taxes
€10k▲
2023 · €8k
Staff costs
€493k▲
2023 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€341k€357k▲
Fixed assets21/28€49k€105k▲
Tangible fixed assets22/27€40k€95k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€40k€94k▲
Financial fixed assets28€10k€9k▼
Current assets29/58€292k€252k▼
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€210k€188k▼
Trade receivables40€195k€180k▼
Other amounts receivable41€14k€8k▼
Cash at bank and in hand54/58€42k€54k▲
Deferred charges and accrued income490/1€35k€4k▼
Equity and liabilities
Total equity and liabilities10/49€341k€357k▲
Equity10/15€179k€191k▲
Contributions10/11€6k€6k=
Reserves13€50k€50k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€123k€135k▲
Amounts payable17/49€162k€166k▲
Amounts payable after more than one year17€27k€51k▲
Financial debts170/4€27k€51k▲
Amounts payable within one year42/48€135k€115k▼
Current portion of amounts payable after more than one year42€10k€29k▲
Trade debts44€68k€50k▼
Suppliers440/4€68k€50k▼
Taxes, remuneration and social security45€57k€36k▼
Taxes450/3€53k€7k▼
Remuneration and social security454/9€4k€28k▲
Income statement
Code20232024
Turnover70€1.33M€1.51M▲
Goods, raw materials, services and sundry goods60/61€1.19M€964k▼
Remuneration, social security and pensions62€85k€493k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€23k▲
Other operating charges640/8€3k€6k▲
Non-recurring operating charges66A€3k€3k▼
Gross operating margin9900€138k€549k▲
Operating profit (loss)9901€31k€24k▼
Financial income75/76B€70€2k▲
Recurring financial income75€70€52▼
Non-recurring financial income76B-€2k
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€25k€22k▼
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€17k€12k▼
Profit (loss) for the period to be appropriated9905€17k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€123k€135k▲
Profit (loss) brought forward from the previous period14P€106k€123k▲
Social balance
Average headcount (FTE)90872.99.8▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼29.3%
Net result drops to €12k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 25 days late
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 108 days late
2022
31-12
Financial
Highest result since 2021net €116k ▲192%
Operating result €164k, net result €116k, both a record.
31-12
Financial
Equity above €150kEq €162k ▲254%
2 profitable years in a row build equity to €162k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wommelgem · 1 establishment unit since 2020
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.
Ternesselei 3182160 WommelgemGround area
543 m²
Building footprint
241 m²
Volume, LiDAR
1,830 m³
Parcel 11052A0109/00R000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S.V.K. Coating
since 20202.304.587.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0109/00R000 | Flanders | 543 m² | 1 · 241 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
3 categoriesS.V.K. Coating BV#10162
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Of 7,862 companies in sector 43341 we hold annual accounts for 2,664. 2,080 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-2020
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
43341Painting of buildings
43342Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.