SC BLINDAGE
ActiveSummary
The annual accounts of SC BLINDAGE for fiscal year 2024 show a net loss of 77% of the equity at the start of that year. The 2024 annual accounts show equity of €44,774 and a net result of -€147,134. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 2438 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-61
Solvency30▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 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 0.74 against 1.05 in 2023; short-term debt: 50.3% and cash: 0.3% of total assets), and 94.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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 2024Solvency, return and age of the figures
Solvency
5.1%
Return on assets
-16.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2438 sector peers (2024).
NBB · sector comparisonPosition among 2438 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
7 d early
2022
6 d early
2021
4 d early
2020
5 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 company by total assets in Morlanwelz, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€147,134
2023 · €2,060
Working capital
-€116,067
2023 · €15,765
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€50,195▲ 198%€16,813▼ 66.5%€20,221▲ 20.3%€15,916▼ 21.3%-€120,366
Net result€32,226above the sector's middle half▲ 280%€6,664within the sector's middle half▼ 79.3%€8,519within the sector's middle half▲ 27.8%€2,060below the sector's middle half▼ 75.8%-€147,134below the sector's middle half
Equity€174,665within the sector's middle half▲ 22.6%€181,329above the sector's middle half▲ 3.8%€189,848above the sector's middle half▲ 4.7%€191,908below the sector's middle half▲ 1.1%€44,774within the sector's middle half▼ 76.7%
Total assets€462,737above the sector's middle half▲ 1.6%€465,060above the sector's middle half▲ 0.5%€426,567within the sector's middle half▼ 8.3%€915,714below the sector's middle half▲ 115%€883,582above the sector's middle half▼ 3.5%
Debt€288,072▼ 8.0%€283,731▼ 1.5%€236,719▼ 16.6%€723,806▲ 206%€838,809▲ 15.9%
Working capital€110,091above the sector's middle half▲ 97.8%€134,061above the sector's middle half▲ 21.8%€151,575above the sector's middle half▲ 13.1%€15,765below the sector's middle half▼ 89.6%-€116,067below the sector's middle half
Solvency37.7%within the sector's middle half▲ 6.5pp39.0%within the sector's middle half▲ 1.2pp44.5%within the sector's middle half▲ 5.5pp21.0%below the sector's middle half▼ 23.5pp5.1%below the sector's middle half▼ 15.9pp
Current ratio1.76within the sector's middle half▲ 0.431.77within the sector's middle half▲ 0.012.01within the sector's middle half▲ 0.241.05below the sector's middle half▼ 0.960.74below the sector's middle half▼ 0.32
Return on assets (ROA)7.0%within the sector's middle half▲ 5.1pp1.4%within the sector's middle half▼ 5.5pp2.0%within the sector's middle half▲ 0.6pp0.2%below the sector's middle half▼ 1.8pp-16.7%below the sector's middle half▼ 16.9pp
Staff (FTE)1.5within the sector's middle half▲ 50.0%2.6▲ 73.3%3.6▲ 38.5%3.8below the sector's middle half▲ 5.6%3.8=
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €120,366 after €15,916 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €883,582
Fixed assets
€555,098 ▼ 8.9%
Current assets
€328,484 ▲ 7.3%
Equity and liabilities €883,582
Equity
€44,774 ▼ 76.7%
Debt
€838,809 ▲ 15.9%
Debt's share of the balance-sheet total rises from 79.0% to 94.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€58,193▼
2023 · €59,919
Cash flow
-€84,961▼
2023 · €46,063
Quick ratio
0.48▼
2023 · 0.85
Debt to equity
18.73▲
2023 · 3.77
ROE
-328.6%▼
2023 · 1.1%
Interest coverage
-2.18▼
2023 · 5.03
Debt ≤ 1 year
€444,551▲
2023 · €290,441
Debt > 1 year
€394,258▼
2023 · €433,365
Income taxes
€649▼
2023 · €1,970
Staff costs
€170,287▲
2023 · €166,566
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 642 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.5%
stopped otherwise
90%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 642 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €29,556 | €6,851 | €745 | €2,929 | ▲ 293% |
| Remuneration, social security and pensions62 | - | €101,452 | €107,157 | €166,566 | €170,287 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,668 | €55,724 | €42,013 | €44,003 | €62,173 | ▲ 41.3% |
| Other operating charges640/8 | - | €1,345 | €1,029 | €3,710 | €6,841 | ▲ 84.4% |
| Non-recurring operating charges66A | - | - | - | €8,407 | €0 | ▼ 100% |
| Gross operating margin9900 | €159,008 | €175,333 | €170,419 | €238,603 | €118,936 | ▼ 50.2% |
| Operating profit (loss)9901 | €50,195 | €16,813 | €20,221 | €15,916 | -€120,366 | ▼ 856% |
| Financial income75/76B | - | - | €1 | €19 | €517 | ▲ 2,609% |
| Recurring financial income75 | €3,537 | - | €1 | €19 | €517 | ▲ 2,609% |
| Financial charges65/66B | - | €7,630 | €9,065 | €11,906 | €26,637 | ▲ 124% |
| Recurring financial charges65 | €12,469 | €7,630 | €9,065 | €11,906 | €26,637 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €41,263 | €9,183 | €11,157 | €4,030 | -€146,486 | ▼ 3,735% |
| Income taxes67/77 | €9,036 | €2,519 | €2,638 | €1,970 | €649 | ▼ 67.1% |
| Profit (loss) for the period9904 | €32,226 | €6,664 | €8,519 | €2,060 | -€147,134 | ▼ 7,243% |
| Profit (loss) for the period to be appropriated9905 | €32,226 | €6,664 | €8,519 | €2,060 | -€147,134 | ▼ 7,243% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €462,737 | €465,060 | €426,567 | €915,714 | €883,582 | ▼ 3.5% |
| Fixed assets21/28 | €207,998 | €157,274 | €125,035 | €609,508 | €555,098 | ▼ 8.9% |
| Intangible fixed assets21 | €1,750 | - | - | - | - | - |
| Tangible fixed assets22/27 | €206,248 | €157,274 | €125,035 | €606,668 | €552,258 | ▼ 9.0% |
| Land and buildings22 | - | €128,292 | €104,342 | €585,399 | €531,126 | ▼ 9.3% |
| Plant, machinery and equipment23 | - | €723 | €499 | €9,749 | €15,395 | ▲ 57.9% |
| Furniture and vehicles24 | - | €28,259 | €20,193 | €11,520 | €5,737 | ▼ 50.2% |
| Financial fixed assets28 | - | - | - | €2,840 | €2,840 | = |
| Current assets29/58 | €254,740 | €307,786 | €301,532 | €306,206 | €328,484 | ▲ 7.3% |
| Stocks and contracts in progress3 | €20,122 | €55,760 | €62,912 | €59,716 | €113,776 | ▲ 90.5% |
| Stocks30/36 | - | €55,760 | €62,912 | €59,716 | €113,776 | ▲ 90.5% |
| Amounts receivable within one year40/41 | €229,025 | €212,137 | €236,615 | €220,875 | €202,211 | ▼ 8.4% |
| Trade receivables40 | - | €212,137 | €217,396 | €209,749 | €194,788 | ▼ 7.1% |
| Other amounts receivable41 | - | - | €19,219 | €11,126 | €7,424 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €4,076 | €38,863 | - | - | €2,721 | - |
| Deferred charges and accrued income490/1 | - | €1,026 | €2,005 | €25,614 | €9,775 | ▼ 61.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €462,737 | €465,060 | €426,567 | €915,714 | €883,582 | ▼ 3.5% |
| Equity10/15 | €174,665 | €181,329 | €189,848 | €191,908 | €44,774 | ▼ 76.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | - | - |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €156,065 | €162,729 | €171,248 | €173,308 | €33,860 | ▼ 80.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | €32,000 | €32,000 | €32,000 | €32,000 | = |
| Distributable reserves133 | - | €128,869 | €137,388 | €139,448 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | -€7,686 | - |
| Amounts payable17/49 | €288,072 | €283,731 | €236,719 | €723,806 | €838,809 | ▲ 15.9% |
| Amounts payable after more than one year17 | €143,424 | €110,006 | €86,762 | €433,365 | €394,258 | ▼ 9.0% |
| Financial debts170/4 | - | €110,006 | €86,762 | €433,365 | €394,258 | ▼ 9.0% |
| Amounts payable within one year42/48 | €144,649 | €173,726 | €149,958 | €290,441 | €444,551 | ▲ 53.1% |
| Current portion of amounts payable after more than one year42 | - | €29,576 | €23,244 | €40,897 | €37,573 | ▼ 8.1% |
| Financial debts43 | - | - | €28,780 | €42,747 | €66,508 | ▲ 55.6% |
| Credit institutions430/8 | - | - | - | - | €66,508 | - |
| Other loans439 | - | - | €28,780 | €42,747 | - | - |
| Trade debts44 | €12,774 | €57,598 | €20,769 | €59,968 | €155,114 | ▲ 159% |
| Suppliers440/4 | - | €57,598 | €20,769 | €59,968 | €155,114 | ▲ 159% |
| Taxes, remuneration and social security45 | - | €8,694 | €18,315 | €15,750 | €8,471 | ▼ 46.2% |
| Taxes450/3 | - | €4,792 | €5,157 | €1,970 | €635 | ▼ 67.8% |
| Remuneration and social security454/9 | - | €3,902 | €13,158 | €13,780 | €7,836 | ▼ 43.1% |
| Other amounts payable47/48 | - | €77,857 | €58,850 | €131,080 | €176,885 | ▲ 34.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,226 | €6,664 | €8,519 | €2,060 | -€147,134 | ▼ 7,243% |
| + Depreciation and write-downs630 | €55,668 | €55,724 | €42,013 | €44,003 | €62,173 | ▲ 41.3% |
| Operating cash flow (approximation) | €87,894 | €62,388 | €50,532 | €46,063 | -€84,961 | ▼ 284% |
| Investment in fixed assets (approximation) | - | -€5,000 | -€9,774 | -€528,476 | -€7,763 | ▲ 98.5% |
| Change in cash | - | €34,787 | - | - | - | - |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€147,134
Net result drops to -€147,134, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €32,226 ▲280%
Operating result €50,195, net result €32,226, both a record.
31-12
Financial
Equity above €150,000Eq €174,665 ▲22.6%
3 profitable years in a row build equity to €174,665.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Morlanwelz · 2 establishment units since 2011
Ground area
1,880 m²
Building footprint
45 m²
Volume, LiDAR
375 m³
2 parcels, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
"SC BLINDAGE"
since 20112.202.164.670
Chaussée Brunehault(MLZ) 312, 7140 Morlanwelz
since 20182.274.148.172
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56057A0079/00Y000 | Wallonia | 1,615 m² | - | - |
| 56015A0144/00K008indicative | Wallonia | 265 m² | 1 · 45 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 909 companies in this sector we hold annual accounts for 678. 366 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded01-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
33200Installation of industrial machinery and equipment
43120Site preparation
43211General electrical installation work
43342Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836714278
Also
9925:BE0836714278
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.