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SFM+

Active Private limited company (pre-2019)founded 2015active for 11 yearsSylvain Dupuislaan 213, 1070 AnderlechtKBO/BCE: BE 0597.918.193
SFM+
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Overview

Lifetime

11 annual accounts with figures on one time axis
peak €68,280 (2021)
€39,007▼ 13.0%
lowest -€12,936 (2025)
-€12,936▼ €81,888
peak €235,721 (2024)
€222,785▼ 5.5%
€91,790▲ 13.3%
Documentsfilings and deeds
15-10-202676 days late
2025abbreviated format
Gross margin from €44,856 to €39,007Loss of €12,936Cash from €23,351 to €64,208

Key points

from the 2025 annual accounts

Result

-€12,936 -€12,936
€69,0002024-€12,9002025

From profit to loss in 2025, after a profit of €68,952 in 2024.

Turnover

≈ €180,000 estimated

The accounts state no turnover.

Investments

€1,099 1.8 × depreciation
20232025

Green is investment, beige is depreciation.

Filings

11 annual accounts 76 days
AprilJune31 JulyOctober201520202025

Latest accounts filed late: after the legal deadline.

Position in the sector

-€12,936

Lower net result than 87% of companies in specialised construction. Sector median €26,691 · 9,959 companies.

Checked score

68
Healthy
Financially stronger than 45% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.1% 01-2025: 2.0%▼ -0.1 percentage points vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.0%● unchanged vs 04-2025 06-2025: 1.9%▼ -0.1 percentage points vs 05-2025 07-2025: 1.9%● unchanged vs 06-2025 08-2025: 2.2%▲ +0.3 percentage points vs 07-2025 09-2025: 2.4%▲ +0.2 percentage points vs 08-2025 10-2025: 3.5%▲ +1.1 percentage points vs 09-2025 11-2025: 3.6%▲ +0.1 percentage points vs 10-2025 12-2025: 4.8%▲ +1.2 percentage points vs 11-2025 01-2026: 7.1%▲ +2.3 percentage points vs 12-2025 02-2026: 7.1%● unchanged vs 01-2026 03-2026: 7.4%▲ +0.3 percentage points vs 02-2026 04-2026: 6.8%▼ -0.6 percentage points vs 03-2026 05-2026: 6.8%● unchanged vs 04-2026 06-2026: 6.8%● unchanged vs 05-2026 07-2026: 6.5%▼ -0.3 percentage points vs 06-2026 08-2026: 8.3%▲ +1.8 percentage points vs 07-2026highest value 09-2026: 3.4%▼ -4.9 percentage points vs 08-2026 10-2026: 0.8%▼ -2.6 percentage points vs 09-2026lowest value 11-2026: 0.8%● unchanged vs 10-2026lowest value

Financial strength
Average

96-3equity 70.8% of total assets
64+11short-term debt 29.2% · cash 20.4%
14-82return on assets -4.1%

Score breakdown

raises risk
Last filed accounts filed 76 days late; 3 of the last 3 accounts late
Loss of €12,936 (financial year 2025)
lowers risk
Liquidity: current ratio 2.16, cash €64,208
Equity €222,785 (70.8% of total assets)
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 43, micro). It does better than 77% of them on solvency, 62% on liquidity, 13% on profitability and 28% on growth.

The bankruptcy probability was computed on 07-11-2026 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, 6,908 companies had the same profile as SFM+ has now. Each dot stands for 18 companies, two years later.

90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SFM+ itself: 0.8% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,908 companies, not a prediction for SFM+. 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 €15,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.16 (2.23 in 2024), above the usual 1.5. Short-term debt is 29.2% and cash 20.4% of total assets. 29.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 76 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 2.16, cash €64,208
NBB · annual accounts
raises risk · Loss of €12,936 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €222,785 (70.8% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 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 · 10 filings
Deviation from the deadline
2025
76 days late
2024
391 days late
2023
92 days late
2022
71 days late
2021
78 days late
2020
318 days late
2019
58 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 138 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 17 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0597918193
First establishment Sylvain Dupuislaan 213, Anderlecht
Incorporation published on 24-02-2015 · Gazette deed
All 20 events

Comparable companies

same main activity, similar in size and age
Company
SFM+ Anderlecht €314,575 €39,007 70.8% -
LE TROISIEME ETAGE - ENTREPRISE GENERALE Anderlecht €317,027 €42,211 28.4% -
HARD CONSTRUCT Molenbeek-Saint-Jean €274,965 €31,720 21.1% -
AZIZ INTERNATIONAL TRADE COMPANY Brussels €261,246 €45,189 54.2% -
PLM LIFT Welkenraedt €334,333 €43,837 44.3% -
VEL CONSTRUCT Anderlecht €246,013 €31,556 72.9% -
MARCOENSE CONSTRUCT Anderlecht €338,035 €56,460 9.1% -

These companies have the same main activity as SFM+: other construction installation (NACE 43240). They are comparable in size and age: total assets between €246,000 and €338,000, founded between 2013 and 2016.

Official details

Source: KBO
Status
Active since 12-02-2015Normal situation
Registered office
24 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
Activity
Other construction installationNACE 43240and 5 others
Establishment unit
2.239.441.1761070 Anderlecht, since 01-04-2015
Financial year end
31 December
Peppol
Reachable since 06-01-2026
Company details

Annual accounts 2025

€39,007▼ 13.0%
€12,936
€222,785▼ 5.5%
€314,575▼ 0.7%
Filing
Filed on 15-10-2026
Financials

Insights on SFM+

SFM+ files the abbreviated format. That format states no turnover. The gross margin rose from €6,621 in 2015 to €39,007 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 15-10-2026, 76 days late
€39,007
▼ 13.0%
-€4,258
▼ €32,637
-€3,632
▼ €46,873
-€12,310
▼ €96,124
70.8%
▼ 3.6 percentage points
2.16
▼ 0.07

Money flows

no detail for 2025

Balance sheet

balance sheet total €314,575 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

70.8%

Higher than 80% of 9,967 companies in 2025.

2.16

Higher than 61% of 9,830 companies in 2025.

-4.1%

Higher than 13% of 9,899 companies in 2025.

SFM+ Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015
Balance sheet: assets
20/58 314,575316,709371,239374,988423,751242,619193,082138,545137,393175,01441,815
21/28 116,451173,789188,651115,163115,228129,476143,36342,54553,18267,364-
22/27 1,45158,78973,65116322814,47628,36342,54553,18267,364-
23 6989461,240--------
24 7533197163228294-----
25 -57,81272,314--14,182-----
28 115,000115,000115,000115,000115,000115,000115,000----
29/58 198,124142,920182,588259,825308,523113,14349,71996,00084,211107,65041,815
40/41 133,916119,569170,634258,980258,85390,33049,71995,65659,60282,68040,650
40 51,03470,680137,509244,321204,20980,87340,16031,22756,78375,30040,650
41 82,88248,88933,12514,65954,6449,4579,55964,4292,8197,380-
54/58 64,20823,35111,95484549,67022,813-34424,60924,9701,165
Balance sheet: equity and liabilities
10/49 314,575316,709371,239374,988423,751242,619193,082138,545137,393175,01441,815
10/15 222,785235,721166,769155,431131,93494,51375,39360,91046,80228,30323,389
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
10 18,60018,60018,60018,60018,60018,600-----
100 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
13 1,8601,8601,8601,8601,1651,1651,1651,1651,165240240
130/1 1,8601,8601,8601,8601,1651,165-----
130 1,8601,8601,8601,8601,1651,1651,1651,1651,165240240
14 202,325215,261146,309134,971112,16974,74855,62841,14527,0379,4634,549
17/49 91,79080,988204,470219,557291,817148,106117,68977,63590,591146,71118,426
17 -16,89127,186---19,05034,71641,64452,609-
170/4 -16,89127,186---19,05034,71641,64452,609-
42/48 91,79064,097177,284219,557291,817148,10698,63942,91948,94794,10218,426
42 -10,29510,295-3,21321,55113,49014,3648,7549,757-
43 8245,79814,92814,81947,32247,32239,36122,079---
430/8 8245,79814,92814,81947,32247,32239,36122,079---
44 1,35617,37426,604142,159163,31965,33314,5882,27625,4762,443532
440/4 1,35617,37426,604142,159163,31965,33314,5882,27625,4762,443532
46 65,000---51,817-20,000----
45 24,61030,63019,63023,40026,14613,90011,2004,20011,01577,95017,894
450/3 24,61030,63019,63023,40026,14613,90011,2004,20011,0154,7501,894
454/9 ---------73,20016,000
47/48 --105,82739,179----3,7023,952-
Income statement
70 -----282,800252,848216,965271,781220,16478,919
9900 39,00744,85617,43139,09368,28048,75039,88532,22642,69618,2156,621
60/61 ---238,998192,498234,050212,963184,739229,086201,94972,297
630 62614,862666514,24714,21614,18210,63714,1824,094-
640/8 42,6391,6153705,9889921,2075901,3388745,612-
66A ----------82
9901 -4,25828,37916,99533,04053,04133,32725,11320,25127,6408,5096,621
75/76B -50,136---------
76B -50,136---------
65/66B 7481,7631,5271,1436206,1563,6301,4781,151595-
65 7481,7631,5271,1436206,1563,6301,4781,151595-
9903 -5,00676,75215,46831,89752,42127,17121,48318,77326,4897,9146,539
67/77 7,9307,8004,1308,40015,0008,0517,0004,6657,9903,0001,750
9904 -12,93668,95211,33823,49737,42119,12014,48314,10818,4994,9144,789
9905 -12,93668,95211,33823,49737,42119,12014,48314,10818,4994,9144,789
Appropriation of the result
9906 202,325215,261146,309135,666112,16974,74855,62841,14527,9629,4634,789
14P 215,261146,309134,971112,16974,74855,628-----
691/2 ---695----925-240
6920 ---695----925-240
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 76 days after the deadline. Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00562557.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 15-10-2026 2026-00562557 PDF
31-12-2024 abbreviated format 26-08-2026 2026-00493773 PDF
31-12-2023 micro format 31-10-2024 2024-00531306 PDF
31-12-2022 micro format 10-10-2023 2023-00484893 PDF
31-12-2021 micro format 17-10-2022 2022-20464390 PDF
31-12-2020 micro format 14-06-2022 2022-20061545 PDF
31-12-2019 micro format 03-06-2020 2020-14300440 PDF
31-12-2018 micro format 20-09-2019 2019-65800301 PDF
31-12-2017 micro format 19-09-2018 2018-63900295 PDF
31-12-2016 full format 25-09-2017 2017-62900373 PDF
31-12-2015 full format 27-09-2016 2016-61800257 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015
-3,63243,24117,06133,10567,28847,54339,29530,88841,82212,603-
-12,31083,81411,40423,56251,66833,33628,66524,74532,6819,008-
1,099073,5540-1329115,0000141,81871,458-
40,85711,39711,109-48,82526,857---24,265-36123,805-
106,33478,8235,30440,26816,706-34,963-48,92053,08135,26413,54823,389
-----11.8%9.9%9.3%10.2%3.9%8.4%
70.8%74.4%44.9%41.4%31.1%39.0%39.0%44.0%34.1%16.2%55.9%
2.162.231.031.181.060.760.502.241.721.142.27
0.410.341.231.412.211.571.561.271.945.180.79
-5.8%29.3%6.8%15.1%28.4%20.2%19.2%23.2%39.5%17.4%20.5%
-4.1%21.8%3.1%6.3%8.8%7.9%7.5%10.2%13.5%2.8%11.5%
-4.8624.5311.1728.96over 1007.72-----
-----104 days58 days53 days76 days125 days188 days
---217 days310 days102 days25 days4 days41 days4 days3 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,099-€73,554--
€626€14,862€66€65€14,247

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SFM+

The operating result for 2025 is a loss of €4,258, after a profit of €28,379 in 2024. It is the lowest result since 2015.

Debt's share of the balance-sheet total rises from 25.6% to 29.2%. Equity is lower and debt is higher.

Network & group

No group

SFM+ has no parent and no holdings in its annual accounts.

At the same address

Sylvain Dupuislaan 213, 1070 Anderlecht · 23 other companies
SCUDERIA CONDOR
registered office since 09-10-2014 · founded in 2014
 total assets €2.2m (2025)
0563.853.773
CARROSSERIE EUROPEENNE
registered office since 21-12-1993 · founded in 1993
 total assets €1.3m (2025)
0451.685.547
OPPOSITE
registered office since 05-07-1988 · founded in 1988
 total assets €567,955 (2025)
0434.684.120
CARROSSERIE BILL
registered office since 29-11-1984 · founded in 1984 · negative equity (2025)
 total assets €218,623 (2025)
0426.606.394
PFL
registered office since 25-01-2013 · founded in 2013
 total assets €144,814 (2025)
0502.775.546
ALJIM RENOVE
registered office since 04-10-2017 · founded in 2017
 total assets €117,444 (2025)
0682.493.978
A.P. FICOGES
registered office since 02-02-2006 · founded in 2006
 total assets €110,207 (2025)
0879.165.438
Loura Consult
registered office since 11-07-2024 · founded in 2024
 total assets €66,987 (2025)
1011.472.250
FMS COMPANY
registered office since 03-11-2016 · founded in 2016
 total assets €62,730 (2025)
0664.643.208
ALM CAR
registered office since 04-12-2002 · founded in 2002
 total assets €39,278 (2025)
0478.945.517
and 13 more

Timeline

Timeline

20 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 76 days late
Annual accounts 2024 filed NBBabbreviated format · 391 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0597918193
2025
Weakest financial year net -€12,936 The net result drops to -€12,936, the lowest from 2015 to 2025.
2024
Highest result from 2015 to 2025 net €68,952 ▲508% The net result of €68,952 is the highest of those years.
Liquidity more than doubled current ratio 2.23 The current ratio rises from 1.03 to 2.23. Short-term debt falls from €177,284 to €64,097.
Equity above €200,000 equity €235,721 ▲41.3% With a profit in every financial year since 2015, equity grows to €235,721.
Annual accounts 2023 filed PDFmicro format · 92 days late
2023
Annual accounts 2022 filed PDFmicro format · 71 days late
2022
Equity above €150,000 equity €155,431 ▲17.8% With a profit in every financial year since 2015, equity grows to €155,431.
Annual accounts 2021 filed PDFmicro format · 78 days late
Annual accounts 2020 filed PDFmicro format · 318 days late
2021
Equity above €100,000 equity €131,934 ▲39.6% With a profit in every financial year since 2015, equity grows to €131,934.
2020
Annual accounts 2019 filed PDFmicro format · 58 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 51 days late
2018
Annual accounts 2017 filed PDFmicro format · 50 days late
2017
Annual accounts 2016 filed PDFfull format · 56 days late
2016
Annual accounts 2015 filed PDFfull format · 58 days late
2015
First establishment Sylvain Dupuislaan 213, Anderlecht
Incorporation PDFpublished on 24-02-2015

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 February 2015, SFM+ was incorporated.1 Turnover went from €216,965 in 2018 to €282,800 in 2020.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2020

Company details

Identity

Enterprise number
0597.918.193
VAT number
BE 0597.918.193
Peppol ID
0208:0597918193
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
12-02-2015
Financial year
ends on 31 December
Peppol
Reachable since 06-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SFM+ in French
Entity type
Legal entity

Activities

NACEBEL 2025
43240 Other construction installation main activity
41001 General construction of residential buildings
41002 General construction of office buildings
41003 General construction of other non-residential buildings
43990 Other specialised construction activities
74301 Translation services
Codes under NACEBEL 2008
43299 Specialised construction activities main activity
41201 General construction of buildings
41202 Construction of residential and non-residential buildings
41203 Construction of residential and non-residential buildings
43995 Specialised construction activities
74300 Other professional, scientific and technical activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Sylvain Dupuislaan 213 registered office 1070 Anderlecht 01-04-2015 2.239.441.176

Buildings and parcels at the address

Ground area
4,029 m²
Buildings
867 m²
Volume, LiDAR
24,937 m³
Tallest building
33.0 m
Buildings to scale, each on its own parcel
867 m², 33.0 m 867 m², 33.0 m

Location

registered office establishment The establishment unit on the map
24 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21001A0409/00C0004,029 m² 1 · 867 m² 33.0 m · 10

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0597.918.193

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