SF-Bouw
Open bankruptcyFinancials · financial year 2025, micro format
Equity
-€26,422
2024 · €88,169
Total assets
€95,449▼ 35.8%
2024 · €148,749
Net result
-€114,591
2024 · €553
Working capital
€63,518▼ 16.1%
2024 · €75,740
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €103,716 after €8,324 in 2024, the lowest 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-€103,716
2025
Net result-€114,591
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€95,449
2025
Equity-€26,422
2025
Debt€78,469
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€63,518
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-120.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-27.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.04
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€4,154-€9,306▲ 124%€32,261▲ 247%€9,815▼ 69.6%€8,128▼ 17.2%€17,448▲ 115%€8,324▼ 52.3%-€103,716
Net result€1,523-€3,903▲ 156%€16,037within the sector's middle half▲ 311%€6,052within the sector's middle half▼ 62.3%€1,975within the sector's middle half▼ 67.4%€9,086within the sector's middle half▲ 360%€553within the sector's middle half▼ 93.9%-€114,591below the sector's middle half
Equity€50,563-€54,466▲ 7.7%€70,503within the sector's middle half▲ 29.4%€76,555within the sector's middle half▲ 8.6%€78,530within the sector's middle half▲ 2.6%€87,616within the sector's middle half▲ 11.6%€88,169within the sector's middle half▲ 0.6%-€26,422below the sector's middle half
Total assets€95,579-€136,744▲ 43.1%€125,745within the sector's middle half▼ 8.0%€115,963within the sector's middle half▼ 7.8%€149,134within the sector's middle half▲ 28.6%€134,261within the sector's middle half▼ 10.0%€148,749within the sector's middle half▲ 10.8%€95,449within the sector's middle half▼ 35.8%
Debt€45,016-€82,278▲ 82.8%€55,242▼ 32.9%€39,408▼ 28.7%€70,604▲ 79.2%€46,645▼ 33.9%€60,580▲ 29.9%€78,469▲ 29.5%
Working capital€41,857-€47,429▲ 13.3%€68,568within the sector's middle half▲ 44.6%€74,720within the sector's middle half▲ 9.0%€68,269within the sector's middle half▼ 8.6%€75,874within the sector's middle half▲ 11.1%€75,740within the sector's middle half▼ 0.2%€63,518within the sector's middle half▼ 16.1%
Solvency52.9%-39.8%▼ 13.1pp56.1%within the sector's middle half▲ 16.2pp66.0%above the sector's middle half▲ 9.9pp52.7%within the sector's middle half▼ 13.4pp65.3%within the sector's middle half▲ 12.6pp59.3%within the sector's middle half▼ 6.0pp-27.7%below the sector's middle half▼ 87.0pp
Current ratio2.03-1.58▼ 0.462.24within the sector's middle half▲ 0.662.90within the sector's middle half▲ 0.651.97within the sector's middle half▼ 0.932.63within the sector's middle half▲ 0.662.25within the sector's middle half▼ 0.384.04above the sector's middle half▲ 1.79
Return on assets (ROA)1.6%-2.9%▲ 1.3pp12.8%within the sector's middle half▲ 9.9pp5.2%within the sector's middle half▼ 7.5pp1.3%within the sector's middle half▼ 3.9pp6.8%within the sector's middle half▲ 5.4pp0.4%within the sector's middle half▼ 6.4pp-120.1%below the sector's middle half▼ 120.4pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
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 €95,449
Fixed assets
€11,021 ▼ 11.3%
Current assets
€84,428 ▼ 38.1%
Equity and liabilities
Equity-€26,422
Debt€78,469
Equity is negative: debt (€78,469) exceeds the balance-sheet total (€95,449).
Key figures and ratios
EBITDA
-€101,057▼
2024 · €10,486
Cash flow
-€111,932▼
2024 · €2,715
Quick ratio
3.45▲
2024 · 1.96
Interest coverage
-13.03▼
2024 · 2.15
Debt ≤ 1 year
€20,910▼
2024 · €60,580
Debt > 1 year
€57,559
Income taxes
€3,122▼
2024 · €3,475
Staff costs
€6,244▲
2024 · €4,400
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €288 | - | - | €4,400 | €6,244 | ▲ 41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,204 | €7,035 | €5,302 | €100 | €102 | €1,437 | €2,162 | €2,659 | ▲ 23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €4,932 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | €43,402 | - |
| Other operating charges640/8 | - | - | - | €1,401 | €3,872 | €3,451 | €3,584 | €20,285 | ▲ 466% |
| Non-recurring operating charges66A | - | - | - | - | €1,599 | - | - | - | - |
| Gross operating margin9900 | €12,981 | €27,120 | €40,492 | €11,604 | €13,701 | €27,268 | €18,470 | -€31,126 | - |
| Operating profit (loss)9901 | €4,154 | €9,306 | €32,261 | €9,815 | €8,128 | €17,448 | €8,324 | -€103,716 | - |
| Financial income75/76B | - | - | - | €1 | €50 | - | €579 | - | - |
| Recurring financial income75 | €511 | - | €10 | €1 | €50 | - | €579 | - | - |
| Financial charges65/66B | - | - | - | €3,764 | €6,203 | €5,559 | €4,875 | €7,753 | ▲ 59.0% |
| Recurring financial charges65 | €3,142 | €3,903 | €5,024 | €3,764 | €6,203 | €5,559 | €4,875 | €7,753 | ▲ 59.0% |
| Profit (loss) for the period before taxes9903 | €1,523 | €5,403 | €27,247 | €6,052 | €1,975 | €11,889 | €4,028 | -€111,469 | - |
| Income taxes67/77 | - | €1,500 | €11,210 | - | - | €2,803 | €3,475 | €3,122 | ▼ 10.2% |
| Profit (loss) for the period9904 | €1,523 | €3,903 | €16,037 | €6,052 | €1,975 | €9,086 | €553 | -€114,591 | - |
| Profit (loss) for the period to be appropriated9905 | €1,523 | €3,903 | €16,037 | €6,052 | €1,975 | €9,086 | €553 | -€114,591 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €95,579 | €136,744 | €125,745 | €115,963 | €149,134 | €134,261 | €148,749 | €95,449 | ▼ 35.8% |
| Fixed assets21/28 | €13,148 | €7,037 | €1,935 | €1,835 | €10,261 | €11,742 | €12,429 | €11,021 | ▼ 11.3% |
| Tangible fixed assets22/27 | €13,098 | €6,987 | €1,685 | €1,585 | €10,011 | €11,492 | €12,179 | €10,771 | ▼ 11.6% |
| Land and buildings22 | - | - | - | - | €8,935 | €8,035 | €7,135 | €6,235 | ▼ 12.6% |
| Plant, machinery and equipment23 | - | - | - | €1,585 | €1,076 | €854 | €631 | €1,603 | ▲ 154% |
| Furniture and vehicles24 | - | - | - | - | - | €866 | €2,866 | €1,575 | ▼ 45.0% |
| Other tangible fixed assets26 | - | - | - | - | - | €1,737 | €1,547 | €1,358 | ▼ 12.2% |
| Financial fixed assets28 | €50 | €50 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €82,431 | €129,707 | €123,810 | €114,128 | €138,873 | €122,519 | €136,320 | €84,428 | ▼ 38.1% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €8,892 | €8,892 | - | - |
| Other amounts receivable291 | - | - | - | - | - | €8,892 | €8,892 | - | - |
| Stocks and contracts in progress3 | €10,670 | €9,849 | €8,609 | €7,369 | €12,612 | €13,852 | €17,342 | €12,203 | ▼ 29.6% |
| Stocks30/36 | - | - | - | €7,369 | €7,012 | €7,652 | €7,142 | €3,553 | ▼ 50.3% |
| Contracts in progress37 | - | - | - | - | €5,600 | €6,200 | €10,200 | €8,650 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €67,341 | €113,401 | €113,641 | €101,625 | €96,632 | €76,025 | €97,005 | €64,767 | ▼ 33.2% |
| Trade receivables40 | - | - | - | €97,922 | €96,453 | €75,846 | €87,320 | €60,638 | ▼ 30.6% |
| Other amounts receivable41 | - | - | - | €3,703 | €179 | €179 | €9,685 | €4,129 | ▼ 57.4% |
| Cash at bank and in hand54/58 | €2,320 | - | - | €205 | €27,375 | €23,750 | €13,081 | €5,125 | ▼ 60.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,929 | €2,254 | - | - | €2,333 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €95,579 | €136,744 | €125,745 | €115,963 | €149,134 | €134,261 | €148,749 | €95,449 | ▼ 35.8% |
| Equity10/15 | €50,563 | €54,466 | €70,503 | €76,555 | €78,530 | €87,616 | €88,169 | -€26,422 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €31,963 | €35,866 | €51,903 | €57,955 | €59,930 | €69,016 | €69,569 | €1,860 | ▼ 97.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €56,095 | €58,070 | €67,156 | €67,709 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€46,882 | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €43,402 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €43,402 | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | - | €43,402 | - |
| Amounts payable17/49 | €45,016 | €82,278 | €55,242 | €39,408 | €70,604 | €46,645 | €60,580 | €78,469 | ▲ 29.5% |
| Amounts payable after more than one year17 | €4,442 | - | - | - | - | - | - | €57,559 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €57,559 | - |
| Amounts payable within one year42/48 | €40,574 | €82,278 | €55,242 | €39,408 | €70,604 | €46,645 | €60,580 | €20,910 | ▼ 65.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €4,588 | - |
| Financial debts43 | - | - | - | €23,349 | €24,965 | €25,000 | €23,896 | - | - |
| Credit institutions430/8 | - | - | - | €23,349 | €24,965 | €25,000 | €23,896 | - | - |
| Trade debts44 | €11,660 | €26,172 | €5,313 | €2,401 | €17,699 | €2,958 | €12,867 | €11,658 | ▼ 9.4% |
| Suppliers440/4 | - | - | - | €2,401 | €17,699 | €2,958 | €12,867 | €11,658 | ▼ 9.4% |
| Taxes, remuneration and social security45 | - | - | - | €13,621 | €18,847 | €18,083 | €23,817 | €4,664 | ▼ 80.4% |
| Taxes450/3 | - | - | - | €13,621 | €11,307 | €18,083 | €23,817 | €4,664 | ▼ 80.4% |
| Remuneration and social security454/9 | - | - | - | - | €7,540 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €37 | €9,093 | €604 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,523 | €3,903 | €16,037 | €6,052 | €1,975 | €9,086 | €553 | -€114,591 | - |
| + Depreciation and write-downs630 | €7,204 | €7,035 | €5,302 | €100 | €102 | €1,437 | €2,162 | €2,659 | ▲ 23.0% |
| Operating cash flow (approximation) | €8,727 | €10,938 | €21,339 | €6,152 | €2,077 | €10,523 | €2,715 | -€111,932 | - |
| Investment in fixed assets (approximation) | - | -€924 | -€200 | €0 | -€8,528 | -€2,918 | -€2,849 | -€1,251 | ▲ 56.1% |
| Change in cash | - | - | - | - | €27,170 | -€3,625 | -€10,669 | -€7,956 | ▲ 25.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00180895 |
| 31-12-2024 | micro format | 17-02-2026 | 2026-00039502 |
| 31-12-2023 | micro format | 17-09-2024 | 2024-00462915 |
| 31-12-2022 | micro format | 17-09-2024 | 2024-00462914 |
| 31-12-2021 | micro format | 31-12-2022 | 2023-20554708 |
| 31-12-2020 | micro format | 29-10-2021 | 2021-75500484 |
| 31-12-2019 | micro format | 30-11-2020 | 2020-72900581 |
| 31-12-2018 | micro format | 26-12-2019 | 2019-77500127 |
| 31-12-2017 | micro format | 10-09-2018 | 2018-62800254 |
| 31-12-2016 | micro format | 14-09-2017 | 2017-60700343 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 739 active companies whose main activity is screed work (NACE 43422), figures are known for 427. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.