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SAH CONSTRUCT

Active
Private limited companyfounded 20214 yrs activeNinoofse Steenweg 641, 1070 Anderlecht, BelgiumKBO/BCE: BE 0777.878.533
Summary

The computed 12-month bankruptcy probability of SAH CONSTRUCT is 4.2% (elevated). The 2024 annual accounts show equity of €32,396 and a net result of €16,118. Equity is growing by ~69.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 9976 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency81▼-13
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.7 against 2.66 in 2023; short-term debt: 31.3% and cash: 17.3% of total assets), and 44.1% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
55.9%
Return on assets
27.8%
Age of the figures
21 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 25-07-2025, 6 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
6 d early
2023
49 d late
2022
7 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 17 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

SAH CONSTRUCT was incorporated on 30 November 2021 as a Private limited company.1 Total assets rose from EUR 15,725 in 2022 to EUR 57,944 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€157,983
EBIT margin
6.9%
Net result
€16,118▲ 145%
2023 · €6,571
Working capital
€30,912▲ 149%
2023 · €12,406
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Turnover€157,983-
Operating result€10,919-€8,826▼ 19.2%€20,171▲ 129%
Net result€8,707-€6,571▼ 24.5%€16,118▲ 145%
EBIT margin6.9%-
Equity€9,707-€16,278▲ 67.7%€32,396▲ 99.0%
Total assets€15,725-€23,743▲ 51.0%€57,944▲ 144%
Debt€6,018-€7,465▲ 24.1%€25,548▲ 242%
Working capital€9,199-€12,406▲ 34.9%€30,912▲ 149%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2022: €10,919€10,919Net result 2022: €8,707€8,707Operating result 2023: €8,826€8,826Net result 2023: €6,571€6,571Operating result 2024: €20,171€20,171Net result 2024: €16,118€16,118202220232024€0€10,000€20,000Operating result 2022: €10,919€10,900Net result 2022: €8,707€8,710Operating result 2023: €8,826€8,830Net result 2023: €6,571€6,570Operating result 2024: €20,171€20,200Net result 2024: €16,118€16,100202220232024
The operating result recovers in 2024; 2024 is 129% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57,944
Fixed assets €8,890 ▲ 130%
Current assets €49,054 ▲ 147%
Equity and liabilities €57,944
Equity €32,396 ▲ 99.0%
Debt €25,548 ▲ 242%
Debt's share of the balance-sheet total rises from 31.4% to 44.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€22,147▲
2023 · €9,328
Cash flow
€18,094▲
2023 · €7,072
Current ratio
2.70▲
2023 · 2.66
Debt to equity
0.79▲
2023 · 0.46
ROE
49.8%▲
2023 · 40.4%
ROA
27.8%▲
2023 · 27.7%
Interest coverage
29.18▲
2023 · 27.37
Debt ≤ 1 year
€18,142▲
2023 · €7,465
Debt > 1 year
€7,406
Income taxes
€4,272▲
2023 · €2,191
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€23,743€57,944▲
Fixed assets21/28€3,872€8,890▲
Tangible fixed assets22/27€3,570€8,588▲
Plant, machinery and equipment23€3,451€8,555▲
Furniture and vehicles24€119€33▼
Financial fixed assets28€303€303=
Current assets29/58€19,871€49,054▲
Amounts receivable within one year40/41€6,282€38,474▲
Trade receivables40-€14,368
Other amounts receivable41€6,282€24,106▲
Cash at bank and in hand54/58€13,257€10,043▼
Deferred charges and accrued income490/1€332€537▲
Equity and liabilities
Total equity and liabilities10/49€23,743€57,944▲
Equity10/15€16,278€32,396▲
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€15,278€31,396▲
Amounts payable17/49€7,465€25,548▲
Amounts payable after more than one year17-€7,406
Financial debts170/4-€7,406
Amounts payable within one year42/48€7,465€18,142▲
Current portion of amounts payable after more than one year42-€4,876
Trade debts44€208€8,210▲
Suppliers440/4€208€8,210▲
Taxes, remuneration and social security45€7,257€5,056▼
Taxes450/3€7,257€5,056▼
Income statement Code20232024
Goods, raw materials, services and sundry goods60/61€279,662€397,922▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€502€1,976▲
Other operating charges640/8€2,096€847▼
Gross operating margin9900€11,424€22,994▲
Operating profit (loss)9901€8,826€20,171▲
Financial income75/76B€276€979▲
Recurring financial income75€276€979▲
Financial charges65/66B€341€759▲
Recurring financial charges65€341€759▲
Profit (loss) for the period before taxes9903€8,762€20,390▲
Income taxes67/77€2,191€4,272▲
Profit (loss) for the period9904€6,571€16,118▲
Profit (loss) for the period to be appropriated9905€6,571€16,118▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,278€31,396▲
Profit (loss) brought forward from the previous period14P€8,707€15,278▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€157,983---
Goods, raw materials, services and sundry goods60/61€146,860€279,662€397,922▲ 42.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52€502€1,976▲ 294%
Other operating charges640/8€152€2,096€847▼ 59.6%
Gross operating margin9900€11,123€11,424€22,994▲ 101%
Operating profit (loss)9901€10,919€8,826€20,171▲ 129%
Financial income75/76B€144€276€979▲ 254%
Recurring financial income75€144€276€979▲ 254%
Financial charges65/66B€139€341€759▲ 123%
Recurring financial charges65€139€341€759▲ 123%
Profit (loss) for the period before taxes9903€10,925€8,762€20,390▲ 133%
Income taxes67/77€2,218€2,191€4,272▲ 95.0%
Profit (loss) for the period9904€8,707€6,571€16,118▲ 145%
Profit (loss) for the period to be appropriated9905€8,707€6,571€16,118▲ 145%
Line202220232024Change
Assets
Total assets20/58€15,725€23,743€57,944▲ 144%
Fixed assets21/28€509€3,872€8,890▲ 130%
Tangible fixed assets22/27€206€3,570€8,588▲ 141%
Plant, machinery and equipment23-€3,451€8,555▲ 148%
Furniture and vehicles24€206€119€33▼ 72.5%
Financial fixed assets28€303€303€303=
Current assets29/58€15,216€19,871€49,054▲ 147%
Amounts receivable within one year40/41€4,860€6,282€38,474▲ 512%
Trade receivables40€100-€14,368-
Other amounts receivable41€4,760€6,282€24,106▲ 284%
Cash at bank and in hand54/58€10,056€13,257€10,043▼ 24.2%
Deferred charges and accrued income490/1€300€332€537▲ 61.5%
Equity and liabilities
Total equity and liabilities10/49€15,725€23,743€57,944▲ 144%
Equity10/15€9,707€16,278€32,396▲ 99.0%
Contributions10/11€1,000€1,000€1,000=
Profit (loss) carried forward14€8,707€15,278€31,396▲ 105%
Amounts payable17/49€6,018€7,465€25,548▲ 242%
Amounts payable after more than one year17--€7,406-
Financial debts170/4--€7,406-
Amounts payable within one year42/48€6,018€7,465€18,142▲ 143%
Current portion of amounts payable after more than one year42--€4,876-
Trade debts44€3,800€208€8,210▲ 3,849%
Suppliers440/4€3,800€208€8,210▲ 3,849%
Taxes, remuneration and social security45€2,218€7,257€5,056▼ 30.3%
Taxes450/3€2,218€7,257€5,056▼ 30.3%
Line202220232024Change
Profit (loss) for the period9904€8,707€6,571€16,118▲ 145%
+ Depreciation and write-downs630€52€502€1,976▲ 294%
Operating cash flow (approximation)€8,759€7,072€18,094▲ 156%
Investment in fixed assets (approximation)--€3,865-€6,994▼ 81.0%
Change in cash-€3,201-€3,214▼ 200%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2022net €16,118 ▲145%
Operating result €20,171, net result €16,118, both a record.
18-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial Weakest financial yearnet €6,571 ▼24.5%
Net result drops to €6,571, the lowest in the series; recovery starts the following year.
07-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Anderlecht · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
207 m²
Building footprint
192 m²
Volume, LiDAR
3,130 m³
Parcel 21302A0013/00V002, Brussels · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
SAH CONSTRUCT
Ninoofse Steenweg 641, 1070 AnderlechtOther building finishing work
since 20212.342.499.619
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21302A0013/00V002 Brussels 207 m² 1 · 191 m² 19.0 m · 6 fl.
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.

Similar companies · same sector, comparable size

Of 2,456 companies in sector 41003 we hold annual accounts for 1,055. 663 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
Founded30-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
Contact
E-mail constructsah@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0777878533
Also 9925:BE0777878533
Registered 08-12-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.