Skip to content

SFA PROJECTS

Active
Private limited companyfounded 20232 yrs activeKapellestraat 176, 9600 Ronse, BelgiumKBO/BCE: BE 1003.835.479
Summary

SFA PROJECTS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €4k. Equity is growing by ~59% per year across the filed fiscal years. Its solvency ranks better than 50% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability77▼-23
Solvency85▼-1
Growth78=
Track record82
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.36 in 2024; short-term debt: 40% and cash: 19.2% of total assets), and 40% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
60%
Return on assets
6.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
18 d early
2024
1 d early
2023
54 d late
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€40k▲ 11.9%
2024 · €35k
2023: €-2klowest in 3 years 2024: €35k▲ +1729% vs 2023 2025: €40k▲ +11.9% vs 2024highest in 3 years
2023 → 2025
Total assets
€66k▲ 13.7%
2024 · €58k
2024: €58k 2025: €66k▲ +13.7% vs 2024
2024 → 2025
Net result
€4k▼ 88.8%
2024 · €38k
2023: €-2klowest in 3 years 2024: €38k▲ +1829% vs 2023highest in 3 years 2025: €4k▼ -88.8% vs 2024
2023 → 2025
Working capital
€31k▼ 0.1%
2024 · €31k
2024: €31k 2025: €31k▼ -0.1% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line202320242025Trend
Equity€-2k-€35k€40k▲ 11.9% 2023: €-2klowest in 3 years 2024: €35k▲ +1729% vs 2023 2025: €40k▲ +11.9% vs 2024highest in 3 years
Operating result€-2k-€49k€9k▼ 82.4% 2023: €-2klowest in 3 years 2024: €49k▲ +2351% vs 2023highest in 3 years 2025: €9k▼ -82.4% vs 2024
Net result€-2k-€38k€4k▼ 88.8% 2023: €-2klowest in 3 years 2024: €38k▲ +1829% vs 2023highest in 3 years 2025: €4k▼ -88.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40kOperating result 2023: €-2k€-2kNet result 2023: €-2k€-2kOperating result 2024: €49k€49kNet result 2024: €38k€38kOperating result 2025: €9k€9kNet result 2025: €4k€4k202320242025€-20k€0€20k€40kOperating result 2023: €-2k€-2.2kNet result 2023: €-2k€-2.2kOperating result 2024: €49k€49kNet result 2024: €38k€38kOperating result 2025: €9k€8.6kNet result 2025: €4k€4.2k202320242025
The operating result falls in 2025; 2025 is 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets €9k ▲ 80.1%
Current assets €57k ▲ 7.4%
Equity and liabilities €66k
Equity €40k ▲ 11.9%
Debt €26k ▲ 16.4%
Debt's share of the balance-sheet total rises from 39.1% to 40.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€13k▼
2024 · €50k
Cash flow
€8k▼
2024 · €39k
Current ratio
2.15▼
2024 · 2.36
Debt to equity
0.67▲
2024 · 0.64
ROE
10.6%▼
2024 · 106.1%
ROA
6.4%▼
2024 · 64.6%
Interest coverage
8.72▼
2024 · 32.50
Debt ≤ 1 year
€26k▲
2024 · €23k
Income taxes
€3k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€58k€66k▲
Fixed assets21/28€5k€9k▲
Tangible fixed assets22/27€5k€9k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€5k€7k▲
Current assets29/58€53k€57k▲
Amounts receivable after more than one year29€15k€26k▲
Other amounts receivable291€15k€26k▲
Amounts receivable within one year40/41€32k€18k▼
Trade receivables40€32k€18k▼
Cash at bank and in hand54/58€6k€13k▲
Equity and liabilities
Total equity and liabilities10/49€58k€66k▲
Equity10/15€35k€40k▲
Profit (loss) carried forward14€35k€40k▲
Amounts payable17/49€23k€26k▲
Amounts payable within one year42/48€23k€26k▲
Trade debts44€7k€10k▲
Suppliers440/4€7k€10k▲
Taxes, remuneration and social security45€16k€16k▲
Taxes450/3€15k€16k▲
Remuneration and social security454/9€807-
Other amounts payable47/48€111€418▲
Accrued charges and deferred income492/3€200-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€958€4k▲
Other operating charges640/8€787€3k▲
Gross operating margin9900€51k€16k▼
Operating profit (loss)9901€49k€9k▼
Financial income75/76B€17€410▲
Recurring financial income75€17€410▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€47k€8k▼
Income taxes67/77€10k€3k▼
Profit (loss) for the period9904€38k€4k▼
Profit (loss) for the period to be appropriated9905€38k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€40k▲
Profit (loss) brought forward from the previous period14P€-2k€35k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€958€4k▲ 319%
Other operating charges640/8-€787€3k▲ 285%
Gross operating margin9900-€51k€16k▼ 69.2%
Operating profit (loss)9901€-2k€49k€9k▼ 82.4%
Financial income75/76B-€17€410▲ 2,307%
Recurring financial income75-€17€410▲ 2,307%
Financial charges65/66B-€2k€1k▼ 5.8%
Recurring financial charges65-€2k€1k▼ 5.8%
Profit (loss) for the period before taxes9903€-2k€47k€8k▼ 84.1%
Income taxes67/77-€10k€3k▼ 66.0%
Profit (loss) for the period9904€-2k€38k€4k▼ 88.8%
Profit (loss) for the period to be appropriated9905€-2k€38k€4k▼ 88.8%
Line202320242025Change
Assets
Total assets20/58-€58k€66k▲ 13.7%
Fixed assets21/28-€5k€9k▲ 80.1%
Tangible fixed assets22/27-€5k€9k▲ 80.1%
Plant, machinery and equipment23--€2k-
Furniture and vehicles24-€5k€7k▲ 47.3%
Current assets29/58-€53k€57k▲ 7.4%
Amounts receivable after more than one year29-€15k€26k▲ 76.0%
Other amounts receivable291-€15k€26k▲ 76.0%
Amounts receivable within one year40/41-€32k€18k▼ 44.1%
Trade receivables40-€32k€18k▼ 44.1%
Cash at bank and in hand54/58-€6k€13k▲ 108%
Equity and liabilities
Total equity and liabilities10/49€0€58k€66k▲ 13.7%
Equity10/15€-2k€35k€40k▲ 11.9%
Profit (loss) carried forward14€-2k€35k€40k▲ 11.9%
Amounts payable17/49€2k€23k€26k▲ 16.4%
Amounts payable within one year42/48€2k€23k€26k▲ 17.4%
Trade debts44€2k€7k€10k▲ 39.0%
Suppliers440/4€2k€7k€10k▲ 39.0%
Taxes, remuneration and social security45-€16k€16k▲ 6.0%
Taxes450/3-€15k€16k▲ 11.8%
Remuneration and social security454/9-€807--
Other amounts payable47/48-€111€418▲ 278%
Accrued charges and deferred income492/3-€200--
Line202320242025Change
Profit (loss) for the period9904€-2k€38k€4k▼ 88.8%
+ Depreciation and write-downs630€2k€958€4k▲ 319%
Operating cash flow (approximation)€0€39k€8k▼ 78.7%
Investment in fixed assets (approximation)--€-8k-
Change in cash--€7k-

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

Sign in to download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €38k
Net result €38k after one loss-making year.
23-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
Financial milestoneNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Ronse · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
191 m²
Building footprint
79 m²
Volume, LiDAR
486 m³
Parcel 45041A0120/00H002, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SFA PROJECTS
Kapellestraat 176, 9600 RonseComputer programming, consultancy and related activities
since 20232.357.477.805
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45041A0120/00H002 Flanders 191 m² 1 · 79 m² 10.5 m · 2 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.

Similar companies · same sector, comparable size

Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,973 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
Founded22-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming

Scores and ratios are computed by Checked and are not a credit decision.