Filings
4 annual accounts 78 days
Latest accounts filed late: after the legal deadline.
SFAX
Lifetime
4 annual accounts with figures on one time axispeak €69,837 (2022)
-€25,408▼ €50,981
lowest -€21,005 (2025)
-€21,005▼ €37,108
peak €64,472 (2024)
€43,468▼ 32.6%
€59,967▼ 20.9%
Board1 name since 2021
1 directorSDIKA Deborah Alice
Documentsfilings and deeds
17-10-202678 days late
2025micro format
Gross margin from €25,572 to -€25,408Loss of €21,005Equity from €64,472 to €43,468Debts from €75,812 to €59,967Cash from €746 to €28,512
Key points
from the 2025 annual accountsStarting capital
€2,500 100 shares
Position in the sector
-€21,005
Lower net result than 84% of companies in real estate. Sector median €5,997 · 17,176 companies.
Turnover not published (micro format)
Checked score
69
Healthy
Financially stronger than 36% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 2.0%▲ +0.7 percentage points vs 12-2024
02-2025: 0.9%▼ -1.1 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.4 percentage points vs 07-2025
09-2025: 1.6%▲ +0.3 percentage points vs 08-2025
10-2025: 2.8%▲ +1.2 percentage points vs 09-2025highest value
11-2025: 1.2%▼ -1.6 percentage points vs 10-2025
12-2025: 1.1%▼ -0.1 percentage points vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.4 percentage points vs 07-2026
09-2026: 2.2%▲ +0.5 percentage points vs 08-2026
10-2026: 0.7%▼ -1.5 percentage points vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 78 days late; 3 of the last 3 accounts late
Loss of €21,005 (financial year 2025)
lowers risk
Sector: Real estate activities (NACE 68)
Liquidity: current ratio 1.68, cash €28,512
Calculation
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 68, micro). It does better than 58% of them on solvency, 65% on liquidity, 4% on profitability and 16% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as SFAX has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SFAX itself is lower: 0.7% within 12 months. It rests on far more data about SFAX than the profile alone.
Test of the method
The method was tested on the 497,447 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 3,223 companies, not a prediction for SFAX. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.68 (1.8 in 2024), above the usual 1.5. Short-term debt is 58% and cash 27.6% of total assets. However, 58% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 78 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-10-2026, 78 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
78 days late
2024
61 days late
2023
160 days late
2022
85 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 96 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 October (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0778339876
Incorporation
Founding capital of €2,500, 100 shares · Founder: SDIKA Deborah Alice (comparant constituant) · Appointment: SDIKA Deborah Alice (director) · published on 09-12-2021 · Gazette deed
First establishment
Tervurenlaan 37, Etterbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SFAX Etterbeek | €103,435 | -€25,408 | 42.0% | - |
| Buy2Bail Namur | €91,853 | -€2,664 | 37.4% | - |
| Immo Ventico Schilde | €121,354 | -€12,632 | -101.8% | - |
| OLUMA Aalst | €118,186 | -€4,450 | 92.4% | - |
| TYFN Brussels | €78,598 | €678 | 14.9% | - |
| SAINT-GILLES EXPLOITATION Brussels | €145,730 | -€40,843 | -91.2% | - |
| IMMOMIND Anderlecht | €151,385 | -€5,583 | 98.6% | - |
These companies have the same main activity as SFAX: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €78,600 and €151,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 07-12-2021Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 4 others
- Establishment unit
- 2.325.075.3501040 Etterbeek, since 07-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Insights on SFAX
SFAX files the micro format. That format states no turnover. The gross margin fell from €69,837 in 2022 to -€25,408 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SFAX
- What is the company number of SFAX?
- The company number of SFAX is 0778.339.876. The VAT number is the same number with BE in front: BE 0778.339.876.
- Where is SFAX based?
- The registered office is at Tervurenlaan 37, 1040 Etterbeek.Company details
- What does SFAX do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of SFAX?
- SFAX is a private limited company (BV).
- When was SFAX founded?
- SFAX was founded on 07-12-2021.
- Is SFAX still active?
- Yes, SFAX is an active enterprise in the KBO register.
- What is the turnover of SFAX?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SFAX profitable?
- In financial year 2025, SFAX made a loss of €21,005.
- Where can I find the annual accounts of SFAX?
- SFAX filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SFAX due?
- SFAX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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