Overdue debts
The annual accounts state €2,012 of overdue tax debts on 31-05-2026.
The annual accounts state €2,012 of overdue tax debts on 31-05-2026.
SBCA has made a profit in every financial year since 2020.
The micro format states no turnover.
Short-term debts fell from €9,906 to €3,620.
The 2022 accounts came latest: 193 days after the end of the period.
Higher solvency than 89% of companies in construction of buildings. Sector median 52.4% · 347 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 92% of them on solvency, 80% on liquidity, 67% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-05-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 26,972 companies had the same profile as SBCA has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SBCA itself: 0.6% within 12 months.
The method was tested on the 497,447 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 26,972 companies, not a prediction for SBCA. 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.
Liquidity is ample, with a current ratio of 6.11 (2.34 in 2025), above the usual 1.5. Short-term debt is 15.6% and cash 24.3% of total assets. 15.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SBCA Affligem | €23,250 | €6,958 | 84.4% | - |
| AITELEC Sint-Pieters-Leeuw | €21,787 | €8,198 | 35.7% | - |
| KURIOSA Auderghem | €25,575 | €7,054 | 84.2% | - |
| HDB Construct Oostkamp | €24,353 | €8,102 | 36.7% | - |
| SAPO RENOVATIE Bruges | €19,691 | €6,757 | 23.2% | - |
| De Woningkoning Lier | €19,659 | €7,540 | 51.1% | - |
| WINCOS Asse | €19,231 | €6,179 | 94.0% | - |
These companies have the same main activity as SBCA: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €19,200 and €25,600, founded between 2018 and 2020.
SBCA files the micro format. That format states no turnover. The gross margin rose from €1,460 in 2020 to €6,958 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 71% of 9,456 companies in 2025.
Higher than 65% of 9,204 companies in 2025.
Higher than 92% of 9,276 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
23,250 | 26,650 | 28,643 | 48,762 | 32,289 | 30,852 | 14,669 | |
21/28 |
1,118 | 3,428 | 5,860 | 8,022 | 1,244 | - | - | |
22/27 |
1,118 | 3,428 | 5,860 | 8,022 | 1,244 | - | - | |
23 |
- | 144 | 410 | 758 | 1,244 | - | - | |
24 |
1,118 | 3,284 | 5,450 | 7,264 | - | - | - | |
29/58 |
22,132 | 23,222 | 22,782 | 40,739 | 31,045 | 30,852 | 14,669 | |
3 |
3,000 | - | - | - | - | - | - | |
30/36 |
3,000 | - | - | - | - | - | - | |
40/41 |
13,487 | 13,260 | 19,273 | 32,839 | 20,476 | 15,918 | 10,453 | |
40 |
2,792 | 8,616 | 2,777 | 14,444 | 10,817 | 9,864 | 10,075 | |
41 |
10,695 | 4,645 | 16,496 | 18,395 | 9,659 | 6,054 | 379 | |
54/58 |
5,645 | 9,962 | 3,509 | 7,900 | 10,569 | 14,934 | 4,216 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
23,250 | 26,650 | 28,643 | 48,762 | 32,289 | 30,852 | 14,669 | |
10/15 |
19,630 | 16,744 | 22,190 | 31,693 | 26,647 | 12,460 | 6,160 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
10 |
- | - | - | - | 5,000 | - | - | |
100 |
- | - | - | - | 5,000 | 5,000 | 5,000 | |
14 |
14,630 | 11,744 | 17,190 | 26,693 | 21,647 | 7,460 | 1,160 | |
17/49 |
3,620 | 9,906 | 6,452 | 17,068 | 5,642 | 18,392 | 8,509 | |
42/48 |
3,620 | 9,906 | 6,452 | 17,068 | 5,642 | 18,392 | 8,509 | |
44 |
556 | 3,091 | 178 | 12,470 | 1,267 | 13,623 | 8,209 | |
440/4 |
556 | 3,091 | 178 | 12,470 | 1,267 | 13,623 | 8,209 | |
45 |
3,064 | 6,815 | 6,274 | 4,599 | 4,375 | 4,769 | 300 | |
450/3 |
3,064 | 6,815 | 4,924 | 4,599 | 4,375 | 1,769 | 300 | |
454/9 |
- | - | 1,350 | - | - | 3,000 | - | |
| Income statement | ||||||||
70 |
- | - | - | - | - | 95,282 | 38,712 | |
9900 |
6,958 | 19,783 | 10,095 | 8,398 | 19,223 | 8,489 | 1,460 | |
60/61 |
- | - | - | - | 57,760 | 87,255 | 37,252 | |
630 |
2,310 | 2,433 | 2,427 | 1,533 | 83 | - | - | |
640/8 |
473 | 1,428 | - | 38 | 1,160 | 347 | - | |
9901 |
4,175 | 15,922 | 7,668 | 6,826 | 17,980 | 8,142 | 1,460 | |
75/76B |
2 | - | 1 | 0 | 1 | - | - | |
75 |
2 | - | 1 | 0 | 1 | - | - | |
65/66B |
238 | 219 | 77 | 183 | 187 | 73 | 0 | |
65 |
238 | 219 | 77 | 183 | 187 | 73 | 0 | |
9903 |
3,939 | 15,703 | 7,591 | 6,644 | 17,793 | 8,069 | 1,460 | |
67/77 |
1,052 | 3,899 | 2,095 | 1,598 | 3,606 | 1,769 | 300 | |
9904 |
2,886 | 11,804 | 5,497 | 5,046 | 14,187 | 6,300 | 1,160 | |
9905 |
2,886 | 11,804 | 5,497 | 5,046 | 14,187 | 6,300 | 1,160 | |
| Appropriation of the result | ||||||||
9906 |
14,630 | 28,994 | 32,190 | 26,693 | 21,647 | 7,460 | 1,160 | |
14P |
11,744 | 17,190 | 26,693 | 21,647 | 7,460 | - | - | |
694/7 |
- | 17,250 | 15,000 | - | - | - | - | |
694 |
- | 17,250 | 15,000 | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 05-11-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-05-2026 | micro format | 05-11-2026 | 2026-00603346 | |
| 31-05-2025 | micro format | 26-12-2025 | 2025-00591706 | |
| 31-05-2024 | micro format | 12-12-2024 | 2024-00614929 | |
| 31-05-2023 | micro format | 13-12-2023 | 2023-00527227 | |
| 31-05-2022 | micro format | 12-07-2023 | 2023-00229080 | |
| 31-05-2021 | micro format | 16-02-2022 | 2022-05900565 | |
| 31-05-2020 | micro format | 11-12-2020 | 2020-75300578 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| 6,485 | 18,355 | 10,095 | 8,360 | 18,063 | - | - | ||
| 5,196 | 14,236 | 7,924 | 6,579 | 14,270 | - | - | ||
| 0 | 0 | 265 | 8,311 | 1,327 | - | - | ||
| -4,317 | 6,452 | -4,391 | -2,669 | -4,365 | 10,718 | - | ||
| 18,512 | 13,316 | 16,330 | 23,671 | 25,403 | 12,460 | 6,160 | ||
| - | - | - | - | - | 8.5% | 3.8% | ||
| 84.4% | 62.8% | 77.5% | 65.0% | 82.5% | 40.4% | 42.0% | ||
| 6.11 | 2.34 | 3.53 | 2.39 | 5.50 | 1.68 | 1.72 | ||
| 5.29 | 2.34 | 3.53 | 2.39 | 5.50 | 1.68 | 1.72 | ||
| 0.18 | 0.59 | 0.29 | 0.54 | 0.21 | 1.48 | 1.38 | ||
| 14.7% | 70.5% | 24.8% | 15.9% | 53.2% | 50.6% | 18.8% | ||
| 12.4% | 44.3% | 19.2% | 10.3% | 43.9% | 20.4% | 7.9% | ||
| 27.20 | 83.86 | over 100 | 45.76 | 96.41 | - | - | ||
| - | - | - | - | - | 38 days | 95 days | ||
| - | - | - | - | 8 days | 57 days | 80 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-05-2026 | 31-05-2025 | 31-05-2024 | 31-05-2023 | 31-05-2022 |
|---|---|---|---|---|---|
| Overdue tax debts | €2,012 | €1,015 | - | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts)
| Item | 31-05-2026 | 31-05-2025 | 31-05-2024 | 31-05-2023 | 31-05-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €265 | €8,311 | €1,327 |
| €2,310 | €2,433 | €2,427 | €1,533 | €83 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 74% lower than in 2025 and the lowest since 2020.
Debt's share of the balance-sheet total falls from 37.2% to 15.6%. Equity is higher and debt is lower.
SBCA has no parent and no holdings in its annual accounts. SERDARU Bogdan-George is the only director. SBCA shares no director with another company.
| CrisCare
registered office since 03-07-2026 |
founded in 2026 1039.826.439 |
| Boulpaep, Joren (sole trader)
establishment since 05-01-2026 |
founded in 2026 1032.238.267 |
| Serdaru, Cristina (sole trader)
establishment since 01-06-2024 |
founded in 2024 1010.076.935 |
| Serdaru, Bogdan-George (sole trader)
establishment since 01-05-2007 |
founded in 2013 0888.786.254 |
Deadline for the 2027 accounts: 31-12-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Portugeesstraat 14 registered office 1790 Affligem 4299011 Civil engineering | 14-06-2019 | 2.290.110.711 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23085A1107/00E000 | 455 m² | 1 · 75 m² | 10.0 m · 3 |
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 0728.486.232
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