Turnover
The micro format states no turnover.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 100 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 43, micro). It does better than 36% of them on solvency, 9% on liquidity, 57% on profitability and 75% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 39,278 companies had the same profile as SCADA has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SCADA itself is higher: 4.6% within 12 months. It rests on far more data about SCADA than the profile alone.
The method was tested on the 497,448 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 39,278 companies, not a prediction for SCADA. 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 tight, with a current ratio of 1.41 (1.28 in 2024), below the usual 1.5. Short-term debt is 65.5% and cash 0.1% of total assets. 65.5% 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 3 accounts on average 33 days after 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.
| Company | ||||
|---|---|---|---|---|
| SCADA Frameries | €419,129 | €91,677 | 34.5% | - |
| GROUPE RAM Charleroi | €425,690 | €105,211 | 9.1% | - |
| ReRox Halle | €447,769 | €88,778 | 39.6% | - |
| FV ELECTRICS Merksplas | €462,073 | €82,507 | 21.5% | - |
| GLORIAL CONSTRUCT Koekelberg | €381,920 | €104,504 | 45.1% | - |
| AWtechnics Zedelgem | €406,474 | €109,692 | 19.3% | - |
| GET-ELEC Lasne | €396,190 | €109,964 | 14.0% | - |
These companies have the same main activity as SCADA: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €382,000 and €462,000, founded between 2022 and 2023.
SCADA files the micro format. That format states no turnover. The gross margin rose from €53,702 in 2023 to €91,677 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €220,000 and €560,000.
Higher than 36% of 35,156 companies in 2025.
Higher than 37% of 34,529 companies in 2025.
Higher than 53% of 34,730 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
419,129 | 372,527 | 157,285 | |
21/28 |
30,890 | 38,632 | - | |
22/27 |
30,653 | 38,395 | - | |
24 |
30,653 | 38,395 | - | |
28 |
237 | 237 | - | |
29/58 |
388,240 | 333,895 | 157,285 | |
40/41 |
387,705 | 332,297 | 139,297 | |
40 |
192,956 | 245,528 | 137,635 | |
41 |
194,749 | 86,770 | 1,662 | |
54/58 |
535 | 1,598 | 17,988 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
419,129 | 372,527 | 157,285 | |
10/15 |
144,538 | 110,827 | 44,113 | |
10/11 |
1,500 | 1,500 | 1,500 | |
14 |
143,038 | 109,327 | 42,613 | |
17/49 |
274,591 | 261,701 | 113,172 | |
42/48 |
274,591 | 261,701 | 113,172 | |
43 |
20,664 | - | - | |
430/8 |
20,664 | - | - | |
44 |
86,253 | 82,232 | 76,964 | |
440/4 |
86,253 | 82,232 | 76,964 | |
46 |
- | 126,863 | 1,100 | |
45 |
101,609 | 29,606 | 10,828 | |
450/3 |
97,703 | 29,606 | 10,828 | |
454/9 |
3,906 | - | - | |
47/48 |
66,065 | 23,000 | 24,280 | |
| Income statement | ||||
9900 |
91,677 | 87,908 | 53,702 | |
62 |
9,532 | 178 | - | |
630 |
7,742 | 317 | - | |
640/8 |
18,426 | 1,081 | 101 | |
9901 |
55,977 | 86,332 | 53,601 | |
75/76B |
32 | - | - | |
75 |
32 | - | - | |
65/66B |
3,350 | 841 | 160 | |
65 |
3,350 | 841 | 160 | |
9903 |
52,659 | 85,491 | 53,441 | |
67/77 |
18,947 | 18,777 | 10,828 | |
9904 |
33,712 | 66,713 | 42,613 | |
9905 |
33,712 | 66,713 | 42,613 | |
| Appropriation of the result | ||||
9906 |
143,038 | 109,327 | 42,613 | |
14P |
109,327 | 42,613 | - | |
| 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 2025 at the NBB, filed on 26-10-2026.
2025 annual accounts filed 87 days after the deadline. Filed on 26 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00568679.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 63,719 | 86,649 | - | ||
| 41,454 | 67,031 | - | ||
| 0 | 38,949 | - | ||
| -1,063 | -16,390 | - | ||
| 113,649 | 72,195 | 44,113 | ||
| 34.5% | 29.7% | 28.0% | ||
| 1.41 | 1.28 | 1.39 | ||
| 1.90 | 2.36 | 2.57 | ||
| 23.3% | 60.2% | 96.6% | ||
| 8.0% | 17.9% | 27.1% | ||
| 19.02 | over 100 | - |
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €38,712 | - |
| Financial fixed assets | - | €237 | - |
| €7,742 | €317 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 35% lower than in 2024.
Debt's share of the balance-sheet total falls from 70.3% to 65.5%. Equity and debt are higher.
SCADA has no parent and no holdings in its annual accounts.
| ARKOTECH via Della Selva Philippe, at SCADA until 2024 · Manager (not named in the articles) · deed of 19-04-2019 Open bankruptcy · founded in 2019 |
total assets €981,932 (2022) |
| DIGITECHT via Didier Suszalski, at SCADA until 2023 · Director · deed of 12-04-2022 Open bankruptcy · founded in 2019 |
total assets €303,216 (2021) |
| DELKO via Bos Xavier, at SCADA until 2026 · Director (not named in the articles) · deed of 30-12-2025 |
founded in 2025 |
| DSC Construct via Bosmans Michaël, no longer at DSC Construct · Director · deed of 17-01-2022 No longer active |
total assets €210,009 (2022) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
SCADA was incorporated on 24 January 2023 as a private limited company by two natural persons, with a starting capital of €1,500.12 Since 2023 the company has been called SCADA.3 The registered office moved to Brussels in 2024 and to Frameries in 2024.45 Total assets rose from €157,285 in 2023 to €419,129 in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Onze Novembre 15A registered office 7080 Frameries | 18-10-2023 | 2.350.741.847 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53028C0121/00H003 | 2,596 m² | 1 · 317 m² | 19.8 m · 5 |
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 0797.572.503
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