SACCO CONSTRUCT

Active

Private limited companyfounded 20206 yrs activeAvenue Léopold III(PER) 101, 7134 Binche, BelgiumKBO/BCE: BE 0747.534.062

The computed 12-month bankruptcy probability of SACCO CONSTRUCT is 2.5% (moderate). The 2024 annual accounts show equity of €7k and a net result of €28k. Equity is shrinking by ~13.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 37% of 1291 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

66 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+34

Solvency48▲+48

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

23%

Return on assets

97.2%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

45 d early

2023

36 d early

2022

42 d early

2021

32 d early

2020

37 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€28k▲ 617%

2023 · €4k

2020: €4k 2021: €-43k 2022: €-7k 2023: €4k

2020 → 2024

Working capital

€4k

2023 · €-25k

2020: €18k 2021: €-26k 2022: €-34k 2023: €-25k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€24k-€-19k€-25k▼ 36.7%€-21k▲ 15.5%€7k

Operating result€5k-€-41k€-416▲ 99.0%€7k€30k▲ 344%

Net result€4k-€-43k€-7k▲ 84.0%€4k€28k▲ 617%

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 344% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €29k

90.6%

Fixed assets €3k▼ 31.6%

Current assets €26k▼ 12.9%

Equity and liabilities €29k

23.0%

77.0%

Equity €7k

Debt €22k

Debt finances 77.0% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€33k▲

2023 · €11k

Cash flow

€31k▲

2023 · €8k

Solvency

23.0%▲

2023 · -63.0%

Current ratio

1.18▲

2023 · 0.54

Quick ratio

1.18▲

2023 · 0.18

Debt / equity

3.34▲

2023 · -2.59

ROE

422.0%

ROA

97.2%▲

2023 · 11.5%

Interest coverage

17.67▲

2023 · 3.90

Debt

€22k▼

2023 · €56k

Debt ≤ 1 year

€22k▼

2023 · €56k

Staff costs

€8k▼

2023 · €34k

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€34k€29k▼

Fixed assets21/28€4k€3k▼

Tangible fixed assets22/27€4k€3k▼

Plant, machinery and equipment23€3k€3k▼

Furniture and vehicles24€1k-

Current assets29/58€30k€26k▼

Stocks and contracts in progress3€20k-

Contracts in progress37€20k-

Amounts receivable within one year40/41€5k€4k▼

Trade receivables40€3k-

Other amounts receivable41€2k€4k▲

Cash at bank and in hand54/58€5k€20k▲

Deferred charges and accrued income490/1€74€2k▲

Equity and liabilities

Total equity and liabilities10/49€34k€29k▼

Equity10/15€-21k€7k▲

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-41k€-13k▲

Amounts payable17/49€56k€22k▼

Amounts payable within one year42/48€56k€22k▼

Trade debts44€5k€1k▼

Suppliers440/4€5k€1k▼

Taxes, remuneration and social security45€12k-

Taxes450/3€10k-

Remuneration and social security454/9€2k-

Other amounts payable47/48€39k€21k▼

Income statement Code20232024

Remuneration, social security and pensions62€34k€8k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼

Other operating charges640/8€330€921▲

Gross operating margin9900€46k€42k▼

Operating profit (loss)9901€7k€30k▲

Financial income75/76B€29€9▼

Recurring financial income75€29€9▼

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€4k€28k▲

Profit (loss) for the period9904€4k€28k▲

Profit (loss) for the period to be appropriated9905€4k€28k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-41k€-13k▲

Profit (loss) brought forward from the previous period14P€-45k€-41k▲

Social balance

Average headcount (FTE)90870.50.2▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

16-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2020net €28k ▲617%

Operating result €30k, net result €28k, both a record.

31-12

Financial Liquidity doublescurrent ratio 1.18

Current ratio from 0.54 to 1.18; short-term debt falls from €56k to €22k.

25-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

19-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

29-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Weakest financial yearnet €-43k ▼1163%

Net result drops to €-43k, the lowest in the series; recovery starts the following year.

24-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

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, Binche · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Avenue Léopold III(PER) 1017134 Binche

Ground area

1,234 m²

Building footprint

161 m²

Volume, LiDAR

978 m³

Parcel 55032C0347/00A002, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SACCO CONSTRUCT

Avenue Léopold III(PER) 101, 7134 BincheConstruction of residential and non-residential buildings

since 20202.302.834.141

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55032C0347/00A002	Wallonia	1,234 m²	1 · 161 m²	8.4 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

BLACK ROCK CONSTRUCTION

Sint-Truiden · Eq €7k

Bouwwerken Van Dijck

BE 0766.633.758

Berlaar · Eq €7k

Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 7,638 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-05-2020

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

43990Other specialised construction activities

43995Specialised construction activities

43120Site preparation

43240Other construction installation

43299Specialised construction activities

43331Floor and wall tiling

43992Specialised construction activities

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.