SD-TRACONSTRUCT
ActiveSummary
SD-TRACONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,710 and a net result of €11,067. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+38
Solvency42▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.54 in 2023; short-term debt: 48.4% of total assets), and 83.4% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
16.6%
Return on assets
6.2%
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 19% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
28 d late
2022
4 d early
2021
122 d late
2020
27 d late
2019
66 d late
← 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 43 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,067
2023 · -€13,292
Working capital
€3,230
2023 · -€37,748
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€7,501€20,561▲ 174%€37,463▲ 82.2%-€1,213€19,016
Net result€5,127within the sector's middle half€14,833within the sector's middle half▲ 189%€27,543within the sector's middle half▲ 85.7%-€13,292below the sector's middle half€11,067within the sector's middle half
Equity€11,208below the sector's middle half▲ 84.3%€18,060below the sector's middle half▲ 61.1%€45,603within the sector's middle half▲ 153%€29,710within the sector's middle half▼ 34.8%€29,710within the sector's middle half=
Total assets€30,266below the sector's middle half▼ 1.1%€32,970below the sector's middle half▲ 8.9%€265,492within the sector's middle half▲ 705%€189,881within the sector's middle half▼ 28.5%€179,404within the sector's middle half▼ 5.5%
Debt€19,058▼ 22.3%€14,910▼ 21.8%€219,889▲ 1,375%€160,171▼ 27.2%€149,694▼ 6.5%
Working capital€2,009below the sector's middle half€7,597within the sector's middle half▲ 278%-€16,416below the sector's middle half-€37,748below the sector's middle half▼ 130%€3,230below the sector's middle half
Solvency37.0%within the sector's middle half▲ 17.2pp54.8%within the sector's middle half▲ 17.7pp17.2%below the sector's middle half▼ 37.6pp15.6%below the sector's middle half▼ 1.5pp16.6%below the sector's middle half▲ 0.9pp
Current ratio1.11below the sector's middle half▲ 0.111.51within the sector's middle half▲ 0.400.85below the sector's middle half▼ 0.660.54below the sector's middle half▼ 0.311.04below the sector's middle half▲ 0.49
Return on assets (ROA)16.9%above the sector's middle half▲ 48.0pp45.0%above the sector's middle half▲ 28.1pp10.4%within the sector's middle half▼ 34.6pp-7.0%below the sector's middle half▼ 17.4pp6.2%within the sector's middle half▲ 13.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €19,016 after a loss of €1,213 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179,404
Fixed assets
€89,281 ▼ 38.4%
Current assets
€90,123 ▲ 100%
Equity and liabilities €179,404
Equity
€29,710 =
Debt
€149,694 ▼ 6.5%
Debt's share of the balance-sheet total falls from 84.4% to 83.4%. Debt is lower.
Key figures and ratios
EBITDA
€60,089▲
2023 · €41,065
Cash flow
€52,140▲
2023 · €28,985
Debt to equity
5.04▼
2023 · 5.39
ROE
37.3%▲
2023 · -44.7%
Interest coverage
6.65▲
2023 · 3.40
Debt ≤ 1 year
€86,893▲
2023 · €82,803
Debt > 1 year
€62,361▼
2023 · €77,368
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
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 1.3% 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 497,662 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% | 1.7% |
| 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 75% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,628 | €2,971 | €33,384 | €42,277 | €41,073 | ▼ 2.8% |
| Other operating charges640/8 | - | €1,205 | €628 | €821 | €1,109 | ▲ 35.1% |
| Non-recurring operating charges66A | - | - | €1,003 | - | €5,250 | - |
| Gross operating margin9900 | €11,869 | €24,736 | €72,478 | €41,885 | €66,447 | ▲ 58.6% |
| Operating profit (loss)9901 | €7,501 | €20,561 | €37,463 | -€1,213 | €19,016 | ▲ 1,668% |
| Financial income75/76B | - | - | - | €2 | €1,088 | ▲ 56,843% |
| Recurring financial income75 | - | - | - | €2 | €1,088 | ▲ 56,843% |
| Financial charges65/66B | - | €4,605 | €9,920 | €12,082 | €9,036 | ▼ 25.2% |
| Recurring financial charges65 | €2,375 | €4,605 | €9,920 | €12,082 | €9,036 | ▼ 25.2% |
| Profit (loss) for the period before taxes9903 | €5,127 | €15,957 | €27,543 | -€13,292 | €11,067 | ▲ 183% |
| Income taxes67/77 | - | €1,124 | - | - | - | - |
| Profit (loss) for the period9904 | €5,127 | €14,833 | €27,543 | -€13,292 | €11,067 | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | €5,127 | €14,833 | €27,543 | -€13,292 | €11,067 | ▲ 183% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,266 | €32,970 | €265,492 | €189,881 | €179,404 | ▼ 5.5% |
| Fixed assets21/28 | €9,199 | €10,463 | €172,631 | €144,826 | €89,281 | ▼ 38.4% |
| Tangible fixed assets22/27 | €9,199 | €10,463 | €172,631 | €144,826 | €89,281 | ▼ 38.4% |
| Plant, machinery and equipment23 | - | €4,715 | €3,492 | €2,270 | €1,423 | ▼ 37.3% |
| Furniture and vehicles24 | - | €5,748 | €3,804 | €16,332 | €744 | ▼ 95.4% |
| Leasing and similar rights25 | - | - | €165,335 | €126,225 | €87,114 | ▼ 31.0% |
| Current assets29/58 | €21,067 | €22,507 | €92,861 | €45,055 | €90,123 | ▲ 100% |
| Amounts receivable after more than one year29 | - | - | - | - | €18,700 | - |
| Other amounts receivable291 | - | - | - | - | €18,700 | - |
| Amounts receivable within one year40/41 | €11,038 | €9,130 | €92,698 | €45,055 | €65,378 | ▲ 45.1% |
| Trade receivables40 | - | €4,798 | €67,820 | €10,292 | €52,252 | ▲ 408% |
| Other amounts receivable41 | - | €4,331 | €24,878 | €34,763 | €13,126 | ▼ 62.2% |
| Cash at bank and in hand54/58 | €9,321 | €13,220 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €157 | €163 | - | €6,045 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,266 | €32,970 | €265,492 | €189,881 | €179,404 | ▼ 5.5% |
| Equity10/15 | €11,208 | €18,060 | €45,603 | €29,710 | €29,710 | = |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €5,008 | €11,860 | €39,403 | €11,110 | €11,110 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €10,000 | €37,543 | €9,250 | €9,250 | = |
| Profit (loss) carried forward14 | €17 | - | - | - | - | - |
| Amounts payable17/49 | €19,058 | €14,910 | €219,889 | €160,171 | €149,694 | ▼ 6.5% |
| Amounts payable after more than one year17 | - | - | €110,612 | €77,368 | €62,361 | ▼ 19.4% |
| Financial debts170/4 | - | - | €110,612 | €77,368 | €62,361 | ▼ 19.4% |
| Amounts payable within one year42/48 | €19,058 | €14,910 | €109,277 | €82,803 | €86,893 | ▲ 4.9% |
| Current portion of amounts payable after more than one year42 | - | - | €31,783 | €30,531 | €41,720 | ▲ 36.6% |
| Financial debts43 | - | - | €19,203 | €10,613 | €19,700 | ▲ 85.6% |
| Credit institutions430/8 | - | - | €19,203 | €10,613 | €19,700 | ▲ 85.6% |
| Trade debts44 | €13,870 | €10,415 | €53,773 | €37,785 | €20,413 | ▼ 46.0% |
| Suppliers440/4 | - | €10,415 | €53,773 | €37,785 | €20,413 | ▼ 46.0% |
| Taxes, remuneration and social security45 | - | €3,998 | €4,421 | €3,650 | €5,060 | ▲ 38.6% |
| Taxes450/3 | - | €3,998 | €4,421 | €3,650 | €3,060 | ▼ 16.2% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | - |
| Other amounts payable47/48 | - | €497 | €97 | €225 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €440 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,127 | €14,833 | €27,543 | -€13,292 | €11,067 | ▲ 183% |
| + Depreciation and write-downs630 | €2,628 | €2,971 | €33,384 | €42,277 | €41,073 | ▼ 2.8% |
| Operating cash flow (approximation) | €7,755 | €17,804 | €60,926 | €28,985 | €52,140 | ▲ 79.9% |
| Investment in fixed assets (approximation) | - | -€4,234 | -€195,552 | -€14,473 | €14,473 | ▲ 200% |
| Change in cash | - | €3,899 | - | - | - | - |
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
2026
06-08
State Gazette act
Founder · Incorporation
Other statement · Capital contribution
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Back to profitnet €11,067
Net result €11,067 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€13,292
Net result drops to -€13,292, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €27,543 ▲85.7%
Operating result €37,463, net result €27,543, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Back to profitnet €5,127
Net result €5,127 after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 25 days late
Show earlier events
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Doische · 1 establishment unit since 2014
Ground area
705 m²
Building footprint
122 m²
Volume, LiDAR
1,100 m³
Parcel 93086A0276/00C000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SD-Traconstruct
since 20142.236.223.944
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93086A0276/00C000 | Wallonia | 705 m² | 1 · 122 m² | 10.6 m · 3 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.
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,368 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 (pre-2019)
Founded23-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43221Plumbing work
Contact
E-mail
steve01.10.2014@gmail.comDoische
Phone
+32479398566Doische
E-invoicing
Reachable via Peppol
Peppol ID
0208:0564985606
Also
9925:BE0564985606
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.