SAK CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of SAK CONSTRUCT is 2.8% (moderate). The annual accounts of SAK CONSTRUCT for fiscal year 2024 show a net loss of 58% of the equity at the start of that year. The 2024 annual accounts show equity of €18k and a net result of €-24k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 36375 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-63
Solvency53▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.39 against 0.87 in 2023; short-term debt: 61% and cash: 11.9% of total assets), and 72.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
27.7%
Return on assets
-38.5%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-24k
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 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
43 d early
2022
18 d early
2021
39 d early
2020
3 d late
2019
20 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-24k▼ 496%
2023 · €-4k
2018: €-2k
2019: €29k
2020: €1k
2021: €6k
2022: €11k
2023: €-4k
2018 → 2024
Working capital
€-23k▼ 355%
2023 · €-5k
2018: €-1k
2019: €3k
2020: €-4k
2021: €-9k
2022: €-7k
2023: €-5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€35k▲ 20.2%€46k▲ 30.0%€42k▼ 8.9%€18k▼ 58.1%
Operating result€3k-€8k▲ 194%€14k▲ 78.4%€-3k€-23k▼ 707%
Net result€1k-€6k▲ 344%€11k▲ 78.0%€-4k€-24k▼ 496%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €3k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63k
Fixed assets
€48k▼ 18.8%
Current assets
€15k▼ 56.9%
Equity and liabilities €63k
Equity
€18k▼ 58.1%
Debt
€46k▼ 13.1%
The debt ratio rises from 55.7% to 72.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2023 · €10k
Cash flow
€-11k▼
2023 · €9k
Solvency
27.7%▼
2023 · 44.3%
Current ratio
0.39▼
2023 · 0.87
Quick ratio
0.39▼
2023 · 0.87
Debt / equity
2.61▲
2023 · 1.26
ROE
-138.8%▼
2023 · -9.8%
ROA
-38.5%▼
2023 · -4.3%
Interest coverage
-6.86▼
2023 · 8.07
Debt
€46k▼
2023 · €53k
Debt ≤ 1 year
€39k▼
2023 · €40k
Debt > 1 year
€7k▼
2023 · €12k
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€95k€63k▼
Fixed assets21/28€59k€48k▼
Tangible fixed assets22/27€59k€48k▼
Land and buildings22€39k€38k▼
Furniture and vehicles24€20k€10k▼
Current assets29/58€35k€15k▼
Amounts receivable within one year40/41€27k€7k▼
Trade receivables40€24k€5k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€8k€8k▼
Deferred charges and accrued income490/1€686€601▼
Equity and liabilities
Total equity and liabilities10/49€95k€63k▼
Equity10/15€42k€18k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€34k€10k▼
Amounts payable17/49€53k€46k▼
Amounts payable after more than one year17€12k€7k▼
Financial debts170/4€12k€7k▼
Amounts payable within one year42/48€40k€39k▼
Current portion of amounts payable after more than one year42€6k€5k▼
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Taxes, remuneration and social security45€18k€13k▼
Taxes450/3€11k€6k▼
Remuneration and social security454/9€7k€7k▼
Other amounts payable47/48€13k€14k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€836€941▲
Gross operating margin9900€11k€-9k▼
Operating profit (loss)9901€-3k€-23k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-4k€-24k▼
Profit (loss) for the period9904€-4k€-24k▼
Profit (loss) for the period to be appropriated9905€-4k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€10k▼
Profit (loss) brought forward from the previous period14P€38k€34k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-09-2025
Rafal SAK: Resigned as Director
30-11-2023
SAK Rafal Artur: Resigned as Manager
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2015
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.
Bischoffsheimlaan 391000 BrusselGround area
808 m²
Building footprint
279 m²
Volume, LiDAR
6,467 m³
Parcel 21803C0630/00H003, Brussels · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
SAK CONSTRUCT
since 20152.243.779.254
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 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
PDM BOUW
BE 0784.388.421
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BOUWWERKEN MARNICK BAETENS
BE 0781.746.061
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CCF BUILDING SOLUTIONS
BE 0799.598.516
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TG CONSTRUCT
BE 0637.806.672
Sint-Agatha-Berchem · Eq €18k
DS-Echafaudages
BE 0751.867.289
Sint-Agatha-Berchem · Eq €17k
Of 15,543 companies in sector 43990 we hold annual accounts for 7,421. 5,039 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-2015
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43350Other building finishing work
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:sakrafal.prof@gmail.com
Phone:0472282629