SFA PROJECTS
ActiveSummary
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.
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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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, 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 filingsDeviation 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€40k▲ 11.9%
2024 · €35k
Total assets
€66k▲ 13.7%
2024 · €58k
Net result
€4k▼ 88.8%
2024 · €38k
Working capital
€31k▼ 0.1%
2024 · €31k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€-2k-€49k€9k▼ 82.4%
Net result€-2k-€38k€4k▼ 88.8%
Equity€-2k-€35k€40k▲ 11.9%
Total assets€58k€66k▲ 13.7%
Debt€2k-€23k▲ 945%€26k▲ 16.4%
Working capital€31k€31k▼ 0.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
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
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.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| 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% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| 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 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
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.
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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, Ronse · 1 establishment unit since 2023
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
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.
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BIS
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 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.