Equity
€2.3m ▲ 14.8%
S-Value has made a profit without a break since 2013.
S-Value
Lifetime
16 annual accounts with figures on one time axispeak €850,348 (2025)
€850,348▲ 34.5%
lowest -€14,235 (2012)
€411,100▲ 45.5%
peak €2.3m (2025)
€2.3m▲ 14.8%
€5.8m▼ 6.2%
peak 0.4 FTE (2013)
-not published
Board2 names since 2021
1 directorMARTENS Sebastien
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from €632,318 to €850,348Result from €282,486 to €411,100Registered office moved within Sint-Martens-Latem 28-11Boekjaar 20-06Dividend €110,833Equity from €2.0m to €2.3m
Key points
from the 2025 annual accountsResult
€411,100 ▲ 45.5%
The result rose in 2025 from €282,486 to €411,100.
Turnover
≈ €2.0m estimated
The abbreviated format states no turnover.
Debts
€5.8m 71% of the balance sheet
Financial debts 3%Suppliers 1%Taxes and wages 4%Other 92%
Of this, €5.6m falls due within a year.
Filings
16 annual accounts since 2010
Seven of the last ten came late. The 2024 accounts came latest: 97 days after the end of the period.
Position in the sector
€411,100
Higher net result than 95% of companies in other professional activities. Sector median €12,609 · 816 companies.
Checked score
87
Excellent
Financially stronger than 35% of small companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 188 companies (NACE 74, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.7%▲ +0.4 percentage points vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.8%▲ +0.1 percentage points vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%▲ +0.3 percentage points vs 04-2026
06-2026: 1.4%▲ +0.2 percentage points vs 05-2026
07-2026: 2.0%▲ +0.6 percentage points vs 06-2026
08-2026: 2.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -1.9 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 28 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €8.1m
Figures for financial year 2025 (filed on 29-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, small). It does better than 31% of them on solvency, 10% on liquidity and 65% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 172 companies had the same profile as S-Value has now. Each dot is one company, two years later.
96.5%
were still trading
3.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of S-Value itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 172 companies, not a prediction for S-Value. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.09 (1.04 in 2024), below the usual 1.5. Short-term debt is 68.9% and cash 6.4% of total assets. 71.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
97 days late
2023
31 days late
2022
8 days late
2021
2 days late
2020
31 days late
2019
34 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
Recent changes
Environmental permit refused
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Destelbergen
Registered office moved within Sint-Martens-Latem
New registered office: Vossestaart 8 te 9830 Sint-Martens-Latem · Previous registered office: Karel Van Wijnendaelelaan 30, 9830 Sint-Martens-Latem · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Gent
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0818470558
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| S-Value Sint-Martens-Latem | €8.1m | €0.9m | 28.7% | - |
| SUN INVEST Lokeren | €4.9m | €0.8m | 53.9% | - |
| EnerGent Ghent | €8.2m | €1.4m | 70.1% | 11.6 |
| LIMOENGROEN Ghent | €13.8m | €1.2m | 9.0% | 6.7 |
| Th!nk E Oud-Heverlee | €5.8m | €1.5m | 9.1% | 13.1 |
| APEIRON-TEAM Mortsel | €4.8m | €1.3m | 22.3% | 6.3 |
| EUMETNET Uccle | €10.2m | €1.7m | - | 7.3 |
These companies have the same main activity as S-Value: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €4.8m and €14m, founded between 2008 and 2013.
Official details
Source: KBO- Status
- Active since 11-09-2009Normal situation
- Activity
- Other professional, scientific and technical activitiesNACE 74999
- Establishment unit
- 2.182.351.3329830 Sint-Martens-Latem, since 11-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 08-09-2025
Insights on S-Value
S-Value files the abbreviated format. That format states no turnover. The gross margin rose from €48,859 in 2010 to €850,348 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about S-Value
- What is the company number of S-Value?
- The company number of S-Value is 0818.470.558. The VAT number is the same number with BE in front: BE 0818.470.558.
- Where is S-Value based?
- The registered office is at Vossestaart 8, 9830 Sint-Martens-Latem.Company details
- What does S-Value do?
- According to the KBO register, the main activity is other professional, scientific and technical activities (NACE 74999).
- What is the legal form of S-Value?
- S-Value is a private limited company (BV).
- When was S-Value founded?
- S-Value was founded on 11-09-2009.
- Is S-Value still active?
- Yes, S-Value is an active enterprise in the KBO register.
- What is the turnover of S-Value?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €850,348 and 2,275 comparable companies of the same size. It probably lies between €1.2m and €3.4m. It is a rough estimate.Financials
- Is S-Value profitable?
- In financial year 2025, S-Value made a profit of €411,100.
- Where can I find the annual accounts of S-Value?
- S-Value filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.