SAP PROJECTS
ActiveSummary
SAP PROJECTS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,369 and a net result of €49,019. Its solvency ranks better than 79% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+6
Growth78
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 5.05 against 3.26 in 2024; short-term debt: 19.5% and cash: 7.9% of total assets), and 19.5% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
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
80.5%
Return on assets
41.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 6 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€95,369▲ 106%
2024 · €46,350
Total assets
€118,466▲ 77.1%
2024 · €66,888
Net result
€49,019▲ 11.8%
2024 · €43,850
Working capital
€93,519▲ 102%
2024 · €46,350
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
Line20242025
Operating result€55,403-€60,526▲ 9.2%
Net result€43,850above the sector's middle half-€49,019above the sector's middle half▲ 11.8%
Equity€46,350within the sector's middle half-€95,369within the sector's middle half▲ 106%
Total assets€66,888within the sector's middle half-€118,466within the sector's middle half▲ 77.1%
Debt€20,538-€23,097▲ 12.5%
Working capital€46,350-€93,519▲ 102%
Solvency69.3%within the sector's middle half-80.5%above the sector's middle half▲ 11.2pp
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 rises in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,466
Fixed assets
€1,849
Current assets
€116,617
Equity and liabilities €118,466
Equity
€95,369 ▲ 106%
Debt
€23,097 ▲ 12.5%
Debt's share of the balance-sheet total falls from 30.7% to 19.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61,451
Cash flow
€49,944
Current ratio
5.05▲
2024 · 3.26
Debt to equity
0.24▼
2024 · 0.44
ROE
51.4%▼
2024 · 94.6%
ROA
41.4%▼
2024 · 65.6%
Interest coverage
1469.07
Debt ≤ 1 year
€23,097▲
2024 · €20,538
Income taxes
€12,364▲
2024 · €11,551
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf 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 bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €925 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - |
| Other operating charges640/8 | €384 | €7 | ▼ 98.2% |
| Gross operating margin9900 | €55,787 | €61,458 | ▲ 10.2% |
| Operating profit (loss)9901 | €55,403 | €60,526 | ▲ 9.2% |
| Financial income75/76B | €0 | €898 | ▲ 8,982,800% |
| Recurring financial income75 | €0 | €898 | ▲ 8,982,800% |
| Financial charges65/66B | €2 | €42 | ▲ 2,689% |
| Recurring financial charges65 | €2 | €42 | ▲ 2,689% |
| Profit (loss) for the period before taxes9903 | €55,401 | €61,383 | ▲ 10.8% |
| Income taxes67/77 | €11,551 | €12,364 | ▲ 7.0% |
| Profit (loss) for the period9904 | €43,850 | €49,019 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €43,850 | €49,019 | ▲ 11.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €66,888 | €118,466 | ▲ 77.1% |
| Fixed assets21/28 | - | €1,849 | - |
| Tangible fixed assets22/27 | - | €1,849 | - |
| Furniture and vehicles24 | - | €1,849 | - |
| Current assets29/58 | €66,888 | €116,617 | ▲ 74.3% |
| Amounts receivable within one year40/41 | €10,721 | €10,932 | ▲ 2.0% |
| Trade receivables40 | €10,721 | €10,932 | ▲ 2.0% |
| Current investments50/53 | - | €95,593 | - |
| Cash at bank and in hand54/58 | €56,167 | €9,305 | ▼ 83.4% |
| Deferred charges and accrued income490/1 | - | €787 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €66,888 | €118,466 | ▲ 77.1% |
| Equity10/15 | €46,350 | €95,369 | ▲ 106% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €43,850 | €92,869 | ▲ 112% |
| Distributable reserves133 | €43,850 | €92,869 | ▲ 112% |
| Amounts payable17/49 | €20,538 | €23,097 | ▲ 12.5% |
| Amounts payable within one year42/48 | €20,538 | €23,097 | ▲ 12.5% |
| Trade debts44 | €404 | €159 | ▼ 60.7% |
| Suppliers440/4 | €404 | €159 | ▼ 60.7% |
| Taxes, remuneration and social security45 | €14,222 | €17,702 | ▲ 24.5% |
| Taxes450/3 | €14,222 | €17,702 | ▲ 24.5% |
| Other amounts payable47/48 | €5,912 | €5,237 | ▼ 11.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €43,850 | €49,019 | ▲ 11.8% |
| + Depreciation and write-downs630 | - | €925 | - |
| Operating cash flow (approximation) | €43,850 | €49,944 | ▲ 13.9% |
| Change in cash | - | -€46,862 | - |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 2023
Ground area
1,105 m²
Building footprint
122 m²
Volume, LiDAR
672 m³
Parcel 31524D1768/00H002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAP PROJECTS
since 20232.346.349.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31524D1768/00H002 | Flanders | 1,105 m² | 1 · 122 m² | 8.6 m · 2 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
TLG Innovations
BE 0798.088.779
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LAUKEN
BE 0745.354.136
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WAVICAN
BE 0775.713.156
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CUBE Cnslt
BE 0788.669.881
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PICATECH
BE 1006.972.539
Denderleeuw · Eq €95,580
Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,223 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
Founded06-06-2023
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
33200Installation of industrial machinery and equipment
68121Development of residential building projects
68122Development of non-residential building projects
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
47400Retail sale of information and communication equipment
62100Computer programming
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802436755
Also
9925:BE0802436755
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.