S4CT
ActiveSummary
S4CT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247,745 and a net result of €80,144. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+3
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 4.74 against 5.54 in 2024; short-term debt: 21.1% and cash: 77% of total assets), and 25.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
74.4%
Return on assets
24.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 02-04-2026, 120 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
120 d early
2024
29 d early
2023
2 d late
2022
5 d early
2021
41 d early
2020
51 d early
2019
1 d early
← 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 35 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 2 July (3 of the last 3 filed years within 91 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence 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 What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€247,745▲ 8.4%
2024 · €228,621
Total assets
€332,863▲ 12.9%
2024 · €294,868
Net result
€80,144▲ 26.3%
2024 · €63,468
Working capital
€262,612▲ 11.7%
2024 · €235,204
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,193▼ 26.3%€49,007▲ 35.4%€131,942▲ 169%€110,978▼ 15.9%€132,913▲ 19.8%
Net result€25,834within the sector's middle half▼ 24.8%€35,187within the sector's middle half▲ 36.2%€88,456above the sector's middle half▲ 151%€63,468above the sector's middle half▼ 28.2%€80,144above the sector's middle half▲ 26.3%
Equity€142,558within the sector's middle half▼ 39.1%€151,745within the sector's middle half▲ 6.4%€199,300above the sector's middle half▲ 31.3%€228,621above the sector's middle half▲ 14.7%€247,745above the sector's middle half▲ 8.4%
Total assets€278,367within the sector's middle half▲ 13.4%€200,927within the sector's middle half▼ 27.8%€264,083within the sector's middle half▲ 31.4%€294,868within the sector's middle half▲ 11.7%€332,863above the sector's middle half▲ 12.9%
Debt€135,808▲ 1,117%€49,182▼ 63.8%€50,075▲ 1.8%€51,823▲ 3.5%€70,251▲ 35.6%
Working capital€76,373within the sector's middle half▼ 49.9%€102,319within the sector's middle half▲ 34.0%€189,733above the sector's middle half▲ 85.4%€235,204above the sector's middle half▲ 24.0%€262,612above the sector's middle half▲ 11.7%
Solvency51.2%within the sector's middle half▼ 44.2pp75.5%above the sector's middle half▲ 24.3pp75.5%within the sector's middle half▼ 0.1pp77.5%above the sector's middle half▲ 2.1pp74.4%within the sector's middle half▼ 3.1pp
Current ratio1.56within the sector's middle half▼ 13.193.08within the sector's middle half▲ 1.524.79above the sector's middle half▲ 1.715.54above the sector's middle half▲ 0.754.74above the sector's middle half▼ 0.80
Return on assets (ROA)9.3%within the sector's middle half▼ 4.7pp17.5%within the sector's middle half▲ 8.2pp33.5%above the sector's middle half▲ 16.0pp21.5%within the sector's middle half▼ 12.0pp24.1%within the sector's middle half▲ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €332,863
Equity
€247,745 ▲ 8.4%
Provisions
€14,867 ▲ 3.1%
Debt
€70,251 ▲ 35.6%
Debt's share of the balance-sheet total rises from 17.6% to 21.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140,754▲
2024 · €127,413
Cash flow
€87,985▲
2024 · €79,903
Debt to equity
0.28▲
2024 · 0.23
ROE
32.3%▲
2024 · 27.8%
Interest coverage
8.36▲
2024 · 6.81
Debt ≤ 1 year
€70,251▲
2024 · €51,823
Income taxes
€39,216▲
2024 · €31,584
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,328 | €16,767 | €25,150 | €16,434 | €7,841 | ▼ 52.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €14,708 | -€285 | €444 | ▲ 256% |
| Other operating charges640/8 | - | €484 | €795 | €387 | €708 | ▲ 82.8% |
| Gross operating margin9900 | €54,090 | €66,258 | €172,595 | €127,515 | €141,905 | ▲ 11.3% |
| Operating profit (loss)9901 | €36,193 | €49,007 | €131,942 | €110,978 | €132,913 | ▲ 19.8% |
| Financial income75/76B | - | - | €539 | €2,777 | €3,289 | ▲ 18.5% |
| Recurring financial income75 | €0 | - | €539 | €2,777 | €3,289 | ▲ 18.5% |
| Financial charges65/66B | - | €70 | €2,500 | €18,703 | €16,841 | ▼ 10.0% |
| Recurring financial charges65 | €142 | €70 | €2,500 | €18,703 | €16,841 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €36,052 | €48,937 | €129,981 | €95,052 | €119,361 | ▲ 25.6% |
| Income taxes67/77 | €10,218 | €13,750 | €41,525 | €31,584 | €39,216 | ▲ 24.2% |
| Profit (loss) for the period9904 | €25,834 | €35,187 | €88,456 | €63,468 | €80,144 | ▲ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €25,834 | €35,187 | €88,456 | €63,468 | €80,144 | ▲ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,367 | €200,927 | €264,083 | €294,868 | €332,863 | ▲ 12.9% |
| Fixed assets21/28 | €66,193 | €49,426 | €24,275 | €7,841 | - | - |
| Tangible fixed assets22/27 | €66,193 | €49,426 | €24,275 | €7,841 | - | - |
| Furniture and vehicles24 | - | €49,426 | €24,275 | €7,841 | - | - |
| Current assets29/58 | €212,174 | €151,501 | €239,808 | €287,027 | €332,863 | ▲ 16.0% |
| Amounts receivable within one year40/41 | €18,347 | €17,865 | €23,377 | €61,632 | €51,607 | ▼ 16.3% |
| Trade receivables40 | - | €17,865 | €12,884 | €15,730 | €14,840 | ▼ 5.7% |
| Other amounts receivable41 | - | - | €10,493 | €45,902 | €36,766 | ▼ 19.9% |
| Current investments50/53 | - | - | €50,000 | €75,000 | €25,000 | ▼ 66.7% |
| Cash at bank and in hand54/58 | €193,827 | €133,636 | €164,031 | €150,354 | €256,215 | ▲ 70.4% |
| Deferred charges and accrued income490/1 | - | - | €2,400 | €40 | €42 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,367 | €200,927 | €264,083 | €294,868 | €332,863 | ▲ 12.9% |
| Equity10/15 | €142,558 | €151,745 | €199,300 | €228,621 | €247,745 | ▲ 8.4% |
| Contributions10/11 | - | €12,400 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €129,117 | €138,304 | €183,999 | €213,320 | €232,444 | ▲ 9.0% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | €376 | €376 | €376 | €376 | = |
| Distributable reserves133 | - | €136,068 | €183,623 | €212,944 | €232,068 | ▲ 9.0% |
| Profit (loss) carried forward14 | €1,041 | €1,041 | €1,041 | €1,041 | €1,041 | = |
| Provisions and deferred taxes16 | - | - | €14,708 | €14,423 | €14,867 | ▲ 3.1% |
| Provisions for liabilities and charges160/5 | - | - | €14,708 | €14,423 | €14,867 | ▲ 3.1% |
| Other liabilities and charges164/5 | - | - | €14,708 | €14,423 | €14,867 | ▲ 3.1% |
| Amounts payable17/49 | €135,808 | €49,182 | €50,075 | €51,823 | €70,251 | ▲ 35.6% |
| Amounts payable within one year42/48 | €135,801 | €49,182 | €50,075 | €51,823 | €70,251 | ▲ 35.6% |
| Trade debts44 | €381 | €501 | €192 | €38 | €272 | ▲ 626% |
| Suppliers440/4 | - | €501 | €192 | €38 | €272 | ▲ 626% |
| Taxes, remuneration and social security45 | - | €12,842 | €11,028 | €19,346 | €12,537 | ▼ 35.2% |
| Taxes450/3 | - | €12,842 | €11,028 | €19,346 | €12,537 | ▼ 35.2% |
| Other amounts payable47/48 | - | €35,839 | €38,855 | €32,440 | €57,442 | ▲ 77.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,834 | €35,187 | €88,456 | €63,468 | €80,144 | ▲ 26.3% |
| + Depreciation and write-downs630 | €17,328 | €16,767 | €25,150 | €16,434 | €7,841 | ▼ 52.3% |
| Operating cash flow (approximation) | €43,162 | €51,954 | €113,606 | €79,903 | €87,985 | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€60,192 | €30,395 | -€13,677 | €105,861 | ▲ 874% |
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
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €228,621 ▲14.7%
6 profitable years in a row build equity to €228,621.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Highest result since 2019net €88,456 ▲151%
Net result €88,456, the highest in the series.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €150,000Eq €151,745 ▲6.4%
4 profitable years in a row build equity to €151,745.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €200,000Eq €234,274 ▲17.2%
2 profitable years in a row build equity to €234,274.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Waterloo · 1 establishment unit since 2012
Ground area
758 m²
Building footprint
138 m²
Parcel 25764O0152/00B000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
S4CT
since 20122.211.122.126
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764O0152/00B000 | Wallonia | 758 m² | 1 · 138 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500A1414BA1EC8175
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Of 2,148 companies in sector 71209 we hold annual accounts for 1,090. 796 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
Founded04-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
73200Market research and public opinion polling
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847223635
Also
9925:BE0847223635
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.