S3R
ActiveThe computed 12-month bankruptcy probability of S3R is 2.2% (moderate). The 2024 annual accounts show equity of €99k and a net result of €12k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 9980 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▼ -25 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▼-15
Solvency50▼-27
Growth52=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.76 against 2.32 in 2023), and 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.2%
Return on assets
4.3%
Age of the figures
20 mo
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 23-05-2025, 69 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
69 d early
2023
58 d early
2022
46 d early
2021
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€99k▲ 12.8%
2023 · €88k
2021: €52k
2022: €75k
2023: €88k
2021 → 2024
Total assets
€281k▲ 12.7%
2023 · €250k
2021: €65k
2022: €91k
2023: €250k
2021 → 2024
Net result
€12k▼ 9.6%
2023 · €13k
2021: €48k
2022: €24k
2023: €13k
2021 → 2024
Working capital
€-13k
2023 · €37k
2021: €53k
2022: €58k
2023: €37k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€52k-€75k▲ 43.9%€88k▲ 16.6%€99k▲ 12.8%
Operating result€67k-€33k▼ 50.2%€24k▼ 27.2%€24k▼ 1.0%
Net result€48k-€24k▼ 50.6%€13k▼ 44.0%€12k▼ 9.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 1% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €281k
Fixed assets
€238k▲ 29.1%
Current assets
€43k▼ 33.9%
Equity and liabilities €281k
Equity
€99k▲ 12.8%
Debt
€182k▲ 12.7%
The debt ratio stays at 64.8%.
Key figures and ratios
EBITDA
€46k▼
2023 · €47k
Cash flow
€34k▼
2023 · €36k
Solvency
35.2%▲
2023 · 35.2%
Current ratio
0.76▼
2023 · 2.32
Quick ratio
0.76▼
2023 · 2.32
Debt / equity
1.84▼
2023 · 1.84
ROE
12.2%▼
2023 · 15.2%
ROA
4.3%▼
2023 · 5.3%
Interest coverage
6.60▼
2023 · 8.50
Debt
€182k▲
2023 · €162k
Debt ≤ 1 year
€56k▲
2023 · €28k
Debt > 1 year
€126k▼
2023 · €134k
Income taxes
€5k▼
2023 · €6k
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€250k€281k▲
Fixed assets21/28€184k€238k▲
Tangible fixed assets22/27€184k€238k▲
Land and buildings22€179k€216k▲
Furniture and vehicles24€5k€22k▲
Financial fixed assets28€5€15▲
Current assets29/58€65k€43k▼
Amounts receivable within one year40/41€35k€31k▼
Trade receivables40€30k€30k▼
Other amounts receivable41€5k€1k▼
Current investments50/53€17k€9k▼
Cash at bank and in hand54/58€12k€2k▼
Deferred charges and accrued income490/1€640€898▲
Equity and liabilities
Total equity and liabilities10/49€250k€281k▲
Equity10/15€88k€99k▲
Contributions10/11€5k€5k=
Reserves13€83k€94k▲
Distributable reserves133€83k€94k▲
Amounts payable17/49€162k€182k▲
Amounts payable after more than one year17€134k€126k▼
Financial debts170/4€134k€126k▼
Amounts payable within one year42/48€28k€56k▲
Current portion of amounts payable after more than one year42€16k€27k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€2k€17k▲
Accrued charges and deferred income492/3€277€277=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€723€924▲
Gross operating margin9900€48k€47k▼
Operating profit (loss)9901€24k€24k▼
Financial income75/76B€181€85▼
Recurring financial income75€181€85▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€19k€17k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€13k€12k▼
Profit (loss) for the period to be appropriated9905€13k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€12k▼
Transfer to equity691/2€12k€11k▼
To other reserves6921€12k€11k▼
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼9.6%
Net result drops to €12k, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
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.
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, Bornem · 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.
Bareldreef(BOR) 992880 BornemGround area
257 m²
Building footprint
79 m²
Volume, LiDAR
558 m³
Parcel 12362G0188/00E002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bareldreef(BOR) 99, 2880 Bornem
since 20202.305.458.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362G0188/00E002 | Flanders | 257 m² | 1 · 79 m² | 9.6 m · 2 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.
Similar companies · same sector, comparable size
GR Services Rochefort
BE 0681.933.952
Rochefort · Eq €99k
HOUT EN HUIS
BE 0547.901.629
Herentals · Eq €99k
DCV IMMO
BE 1009.887.586
Brussel · Eq €99k
JEFCO
BE 0471.720.106
Péruwelz · Eq €99k
REYF BOUWWERKEN
BE 0831.806.672
Wingene · Eq €99k
Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 13,005 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.