SAK CONSTRUCT
ActiveFrom the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
SAK CONSTRUCT has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,464 and a net result of €4,892, of which €7,500 non-recurring income. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 36% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Official details
KBO- Status
- Active since 18-06-2015 Normal situation
- Legal form
- Private limited company
- Registered office
- Bischoffsheimlaan 39, 1000 Brussel
- Activity
- Other specialised construction activities NACE 43990and 2 others
- Establishment unit
- 2.243.779.254 1000 Brussel, since 18-06-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €17,488
- Turnover
- ≈ €240,000
- estimated
- Profit
- €4,892
- Equity
- €22,464
- ▲ 27.8%
- Total assets
- €66,277
- ▲ 4.6%
Score breakdownraises riskSize: total assets €66,277Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2015Figures for financial year 2025 (filed on 15-06-2026)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 36% of them on solvency, 17% on liquidity, 55% on profitability and 73% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 15-06-2026
- Format
- micro format
- Reference
- 2026-00163708
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €5,856, after a loss of €22,937 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as SAK CONSTRUCT has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SAK CONSTRUCT itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for SAK CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €7,500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,470 | €11,485 | €6,810 | €7,197 | €8,594 | €12,945 | €13,006 | €8,890 | ▼ 31.6% |
| Other operating charges640/8 | - | - | - | €1,009 | €1,119 | €836 | €941 | €2,743 | ▲ 192% |
| Gross operating margin9900 | €4,120 | €42,586 | €10,283 | €16,332 | €24,207 | €10,939 | -€8,991 | €17,488 | - |
| Operating profit (loss)9901 | -€2,017 | €30,279 | €2,764 | €8,126 | €14,494 | -€2,843 | -€22,937 | €5,856 | - |
| Financial income75/76B | - | - | - | €69 | €10 | €0 | €1 | €1 | ▼ 20.8% |
| Recurring financial income75 | €492 | €67 | €3 | €69 | €10 | €0 | €1 | €1 | ▼ 20.8% |
| Financial charges65/66B | - | - | - | €1,157 | €776 | €1,251 | €1,448 | €964 | ▼ 33.4% |
| Recurring financial charges65 | €281 | €1,447 | €1,423 | €1,157 | €776 | €1,251 | €1,448 | €964 | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | -€1,806 | €28,899 | €1,344 | €7,038 | €13,728 | -€4,093 | -€24,384 | €4,892 | - |
| Income taxes67/77 | - | - | - | €1,074 | €3,109 | - | - | - | - |
| Profit (loss) for the period9904 | -€1,806 | €28,899 | €1,344 | €5,964 | €10,619 | -€4,093 | -€24,384 | €4,892 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,806 | €28,899 | €1,344 | €5,964 | €10,619 | -€4,093 | -€24,384 | €4,892 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,026 | €106,627 | €101,411 | €93,677 | €86,038 | €94,646 | €63,384 | €66,277 | ▲ 4.6% |
| Fixed assets21/28 | €311 | €68,289 | €63,133 | €59,337 | €53,513 | €59,314 | €48,169 | €40,687 | ▼ 15.5% |
| Tangible fixed assets22/27 | €311 | €68,289 | €63,133 | €59,337 | €53,513 | €59,314 | €48,169 | €40,687 | ▼ 15.5% |
| Land and buildings22 | - | - | - | €41,404 | €40,205 | €39,006 | €37,807 | €36,608 | ▼ 3.2% |
| Furniture and vehicles24 | - | - | - | €17,934 | €13,308 | €20,308 | €10,362 | €4,079 | ▼ 60.6% |
| Current assets29/58 | €15,714 | €38,337 | €38,278 | €34,340 | €32,525 | €35,332 | €15,216 | €25,590 | ▲ 68.2% |
| Amounts receivable within one year40/41 | €12,270 | €9,924 | €15,119 | €29,051 | €18,920 | €26,684 | €7,048 | €18,926 | ▲ 169% |
| Trade receivables40 | - | - | - | €27,144 | €16,441 | €24,182 | €5,301 | €18,926 | ▲ 257% |
| Other amounts receivable41 | - | - | - | €1,907 | €2,478 | €2,502 | €1,747 | - | - |
| Cash at bank and in hand54/58 | €3,350 | €28,414 | €23,159 | €4,985 | €13,391 | €7,962 | €7,567 | €6,000 | ▼ 20.7% |
| Deferred charges and accrued income490/1 | - | - | - | €304 | €215 | €686 | €601 | €664 | ▲ 10.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,026 | €106,627 | €101,411 | €93,677 | €86,038 | €94,646 | €63,384 | €66,277 | ▲ 4.6% |
| Equity10/15 | -€777 | €28,122 | €29,466 | €35,431 | €46,049 | €41,956 | €17,572 | €22,464 | ▲ 27.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€8,837 | €20,062 | €21,406 | €27,371 | €37,989 | €33,896 | €9,512 | €14,404 | ▲ 51.4% |
| Amounts payable17/49 | €16,803 | €78,505 | €71,944 | €58,247 | €39,989 | €52,690 | €45,813 | €43,813 | ▼ 4.4% |
| Amounts payable after more than one year17 | - | €43,226 | €29,288 | €15,008 | €805 | €12,206 | €7,169 | €1,842 | ▼ 74.3% |
| Financial debts170/4 | - | - | - | €15,008 | €805 | €12,206 | €7,169 | €1,842 | ▼ 74.3% |
| Amounts payable within one year42/48 | €16,803 | €35,279 | €42,656 | €43,239 | €39,184 | €40,485 | €38,644 | €41,971 | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,281 | €14,203 | €5,568 | €5,037 | €5,326 | ▲ 5.7% |
| Trade debts44 | €15,365 | €3,880 | €3,712 | €5,543 | €2,331 | €3,585 | €7,067 | €4,251 | ▼ 39.8% |
| Suppliers440/4 | - | - | - | €5,543 | €2,331 | €3,585 | €7,067 | €4,251 | ▼ 39.8% |
| Taxes, remuneration and social security45 | - | - | - | €11,912 | €11,842 | €18,351 | €12,915 | €15,758 | ▲ 22.0% |
| Taxes450/3 | - | - | - | €5,490 | €7,155 | €10,894 | €6,265 | €11,078 | ▲ 76.8% |
| Remuneration and social security454/9 | - | - | - | €6,422 | €4,687 | €7,457 | €6,650 | €4,680 | ▼ 29.6% |
| Other amounts payable47/48 | - | - | - | €11,504 | €10,808 | €12,980 | €13,625 | €16,635 | ▲ 22.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,806 | €28,899 | €1,344 | €5,964 | €10,619 | -€4,093 | -€24,384 | €4,892 | - |
| + Depreciation and write-downs630 | €5,470 | €11,485 | €6,810 | €7,197 | €8,594 | €12,945 | €13,006 | €8,890 | ▼ 31.6% |
| Operating cash flow (approximation) | €3,664 | €40,384 | €8,154 | €13,162 | €19,213 | €8,852 | -€11,379 | €13,782 | - |
| Investment in fixed assets (approximation) | - | -€79,463 | -€1,654 | -€3,402 | -€2,770 | -€18,746 | -€1,860 | -€1,408 | ▲ 24.3% |
| Change in cash | - | €25,064 | -€5,255 | -€18,174 | €8,406 | -€5,428 | -€396 | -€1,567 | ▼ 296% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-06-2026 | 2026-00163708 | NBB |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00243405 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00141211 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00237702 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20092525 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-46700510 | |
| 31-12-2019 | micro format | 20-08-2020 | 2020-43500151 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-62300009 | |
| 31-12-2017 | full format | 24-09-2018 | 2018-64500492 | |
| 31-12-2016 | full format | 17-08-2017 | 2017-45200091 |
Comparable companies
These companies have the same main activity as SAK CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €60,800 and €76,000, founded between 2014 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| SAK CONSTRUCT Brussel | 2015 | €66,277 | €22,464 | €17,488 | - | €4,892 | 2025 |
| RENOMET Evere | 2015 | €75,986 | €55,717 | €16,125 | - | €13,150 | 2025 |
| PV SERVICES Brussel | 2014 | €60,837 | €46,009 | €17,838 | - | €10,505 | 2024 |
| DEV SOLUTION Schaarbeek | 2015 | €73,555 | €32,540 | €21,712 | €247,759 | €5,811 | 2025 |
| FIRLEY M&M Brussel | 2015 | €60,841 | €27,559 | €13,988 | - | €6,280 | 2025 |
| CROVE Ganshoren | 2016 | €63,156 | €30,074 | €19,290 | €286,374 | €8,132 | 2025 |
| KASO CONSTRUCT Elsene | 2016 | €70,452 | €42,072 | €20,902 | - | €5,682 | 2025 |
They were chosen from the 7,010 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Anna SAK |
|
| Rafal SAK |
|
| SAK Rafal Artur |
|
The board according to the articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, organe d’administration”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”
Articles of association, deed of 30-11-2023 (in French)
Owners and capital
Capital transactions
- 30-11-2023 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Héritiers et légataires non actionnaires de plein droit sollicitent agrément mêmes formalités, libre cession de tout ou partie si un seul…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Apport en numéraire avec émission de nouvelles actions - droit de préférence, courrier électronique,ou courrier ordinaire même jour pour…”
Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 30-11-2023 (in French)
Group and network
Connections & network
1 current directorThe network starts from the directors of SAK CONSTRUCT. Every other company they run is a node.
History
Acts, filings and financial milestones
23-10
Gazette deed
Resignation: Rafal SAK (director)Appointment: Anna SAK (director)4 points ▸
- General meeting, 19-09-2025
- Director resignation, Rafal SAK (director)
- Director appointment, Anna SAK (director)
- Other provision, “VoletB, publicationcopy” (deed in French)
30-11
Gazette deed
Resignation: SAK Rafal Artur (manager)Appointment: SAK Rafal Artur (director) · Registered office clause · Power of attorney15 points ▸
- Director resignation, SAK Rafal Artur (manager)
- Director appointment, SAK Rafal Artur (director (not named in the articles))
- Registered office clause, “Bruxelles (1000) boulevard Bischoffsheim 39 boîte 4” (deed in French)
- Power of attorney, Simon WETS
- Other provision, “toutes les résolutions votées successivement à l'unanimité des voix, vote et clôture de séance” (deed in French)
- Other provision, “droit d'écriture”, 100 (deed in French)
- Other provision, “source authentique des actes notariés en créant coffre digital, conservation digitale-Naban-Izimi” (deed in French)
- Other provision, “Schaerbeek,en l'étude, lieu d'établissement du procès-verbal” (deed in French)
- Other provision, “lecture et signature, lecture intégrale et commentée” (deed in French)
- General meeting, 28-11-2023
- Amendment of the articles, “PREMIERE RESOLUTION” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0632.562.734
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 |