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SC PROJECTS

Active
Private limited companyfounded 2010active for 16 yearsKruibekesteenweg(BEV) 165, 9120 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0822.729.650
Summary

SC PROJECTS has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,092 and a net result of €64,891. Equity is shrinking by about 12% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, micro format

Equity
€125,092▼ 7.1%
2024 · €134,701
Total assets
€191,452▲ 23.5%
2024 · €154,979
Net result
€64,891▲ 175%
2024 · €23,599
Working capital
€113,588▼ 5.8%
2024 · €120,530
Trend over the years

2023 to 2025, 3 financial years

The operating result has risen two years in a row; 2025 is 143% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€81,109 2025 Net result€64,891 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€32,954-€33,423▲ 1.4%€81,109▲ 143%
Net result€28,880-€23,599▼ 18.3%€64,891▲ 175%
Equity€156,102-€134,701▼ 13.7%€125,092▼ 7.1%
Total assets€181,456-€154,979▼ 14.6%€191,452▲ 23.5%
Debt€25,354-€20,278▼ 20.0%€66,360▲ 227%
Working capital€142,688-€120,530▼ 15.5%€113,588▼ 5.8%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,452
Fixed assets €11,504 ▼ 24.2%
Current assets €179,949 ▲ 28.7%
Equity and liabilities €191,452
Equity €125,092 ▼ 7.1%
Debt €66,360 ▲ 227%
Debt's share of the balance-sheet total rises from 13.1% to 34.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€91,052▲
2024 · €43,508
Cash flow
€74,834▲
2024 · €33,683
Current ratio
2.71▼
2024 · 7.26
Debt to equity
0.53▲
2024 · 0.15
ROE
51.9%▲
2024 · 17.5%
ROA
33.9%▲
2024 · 15.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€66,360▲
2024 · €19,263
Income taxes
€18,166▲
2024 · €11,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€154,979€191,452▲
Fixed assets21/28€15,186€11,504▼
Tangible fixed assets22/27€15,186€11,504▼
Land and buildings22€1,086€5,022▲
Plant, machinery and equipment23€1,213€607▼
Furniture and vehicles24€12,887€5,875▼
Current assets29/58€139,793€179,949▲
Amounts receivable after more than one year29€80,000€76,447▼
Other amounts receivable291€80,000€76,447▼
Amounts receivable within one year40/41€21,217€23,551▲
Trade receivables40€10,520€10,520=
Other amounts receivable41€10,697€13,031▲
Cash at bank and in hand54/58€37,646€79,088▲
Deferred charges and accrued income490/1€929€862▼
Equity and liabilities
Total equity and liabilities10/49€154,979€191,452▲
Equity10/15€134,701€125,092▼
Contributions10/11€500€500=
Reserves13€134,201€124,592▼
Distributable reserves133€134,201€124,592▼
Amounts payable17/49€20,278€66,360▲
Amounts payable after more than one year17€1,015-
Financial debts170/4€1,015-
Amounts payable within one year42/48€19,263€66,360▲
Current portion of amounts payable after more than one year42€4,045€1,015▼
Trade debts44€2,580€2,845▲
Suppliers440/4€2,580€2,845▲
Taxes, remuneration and social security45€12,611-
Taxes450/3€12,611-
Other amounts payable47/48€26€62,500▲
Income statement Code20242025
Non-recurring operating income76A-€437
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,085€9,943▼
Other operating charges640/8€890€765▼
Gross operating margin9900€44,398€91,817▲
Operating profit (loss)9901€33,423€81,109▲
Financial income75/76B€2,088€2,047▼
Recurring financial income75€2,088€2,047▼
Financial charges65/66B€110€99▼
Recurring financial charges65€110€99▼
Profit (loss) for the period before taxes9903€35,401€83,057▲
Income taxes67/77€11,803€18,166▲
Profit (loss) for the period9904€23,599€64,891▲
Profit (loss) for the period to be appropriated9905€23,599€64,891▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,599€64,891▲
Transfer from equity791/2€44,996€12,000▼
Transfer to equity691/2€23,595€2,391▼
To other reserves6921€23,595€2,391▼
Profit to be distributed694/7€45,000€74,500▲
Return on contributions (dividend)694€45,000€74,500▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Non-recurring operating income76A--€437-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,136€10,085€9,943▼ 1.4%
Other operating charges640/8€856€890€765▼ 14.0%
Gross operating margin9900€42,946€44,398€91,817▲ 107%
Operating profit (loss)9901€32,954€33,423€81,109▲ 143%
Financial income75/76B€8,672€2,088€2,047▼ 2.0%
Recurring financial income75€8,672€2,088€2,047▼ 2.0%
Financial charges65/66B€136€110€99▼ 10.4%
Recurring financial charges65€136€110€99▼ 10.4%
Profit (loss) for the period before taxes9903€41,490€35,401€83,057▲ 135%
Income taxes67/77€12,611€11,803€18,166▲ 53.9%
Profit (loss) for the period9904€28,880€23,599€64,891▲ 175%
Profit (loss) for the period to be appropriated9905€28,880€23,599€64,891▲ 175%
Line202320242025Change
Assets
Total assets20/58€181,456€154,979€191,452▲ 23.5%
Fixed assets21/28€18,475€15,186€11,504▼ 24.2%
Tangible fixed assets22/27€18,475€15,186€11,504▼ 24.2%
Land and buildings22€2,569€1,086€5,022▲ 363%
Plant, machinery and equipment23€1,820€1,213€607▼ 50.0%
Furniture and vehicles24€14,086€12,887€5,875▼ 54.4%
Current assets29/58€162,981€139,793€179,949▲ 28.7%
Amounts receivable after more than one year29€80,000€80,000€76,447▼ 4.4%
Other amounts receivable291€80,000€80,000€76,447▼ 4.4%
Amounts receivable within one year40/41€10,520€21,217€23,551▲ 11.0%
Trade receivables40€10,520€10,520€10,520=
Other amounts receivable41-€10,697€13,031▲ 21.8%
Cash at bank and in hand54/58€72,258€37,646€79,088▲ 110%
Deferred charges and accrued income490/1€204€929€862▼ 7.2%
Equity and liabilities
Total equity and liabilities10/49€181,456€154,979€191,452▲ 23.5%
Equity10/15€156,102€134,701€125,092▼ 7.1%
Contributions10/11€500€500€500=
Reserves13€155,602€134,201€124,592▼ 7.2%
Distributable reserves133€155,602€134,201€124,592▼ 7.2%
Amounts payable17/49€25,354€20,278€66,360▲ 227%
Amounts payable after more than one year17€5,061€1,015--
Financial debts170/4€5,061€1,015--
Amounts payable within one year42/48€20,293€19,263€66,360▲ 244%
Current portion of amounts payable after more than one year42€4,019€4,045€1,015▼ 74.9%
Trade debts44€3,599€2,580€2,845▲ 10.3%
Suppliers440/4€3,599€2,580€2,845▲ 10.3%
Taxes, remuneration and social security45€12,668€12,611--
Taxes450/3€12,668€12,611--
Other amounts payable47/48€6€26€62,500▲ 2,362×
Line202320242025Change
Profit (loss) for the period9904€28,880€23,599€64,891▲ 175%
+ Depreciation and write-downs630€9,136€10,085€9,943▼ 1.4%
Operating cash flow (approximation)€38,015€33,683€74,834▲ 122%
Investment in fixed assets (approximation)--€6,796-€6,261▲ 7.9%
Change in cash--€34,611€41,442-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 micro format 04-07-2026 2026-00253279
31-12-2024 micro format 28-07-2025 2025-00325433
31-12-2023 micro format 20-06-2024 2024-00149847

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.