SG CONCEPT

Active

Private limited companyfounded 20215 yrs activeKBO/BCE: BE 0764.779.672

The computed 12-month bankruptcy probability of SG CONCEPT is ≥ 25% (high). The 2024 annual accounts show negative equity (€-23k) and a net result of €-49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 18939 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).

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Checked score

Score 2024

0 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-35

Solvency0▼-52

Growth32=

Track record70

Bankruptcy probability, 12 months

≥ 25% High

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.46 against 1.16 in 2023; short-term debt: 125.7% and cash: 1.9% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-28.2%

Return on assets

-61.4%

Age of the figures

21 mo

Ex-officio strike-off

The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.

KBO publications

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €-23k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

14 d early

2023

114 d late

2022

51 d late

2021

157 d late

← before the deadline after the deadline →

Administrative warnings in the KBO publications

3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

Address struck×2Address strikeout annulled

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-49k▼ 40.9%

2023 · €-35k

2021: €17k 2022: €19k 2023: €-35k

2021 → 2024

Working capital

€-54k

2023 · €11k

2021: €41k 2022: €57k 2023: €11k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€42k-€61k▲ 44.8%€26k▼ 56.8%€-23k

Operating result€18k-€29k▲ 61.8%€30k▲ 2.7%€-45k

Net result€17k-€19k▲ 9.8%€-35k€-49k▼ 40.9%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €45k after €30k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €80k

41.8%

58.2%

Fixed assets €33k▲ 119%

Current assets €46k▼ 43.6%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-32k▼

2023 · €34k

Cash flow

€-36k▼

2023 · €-31k

Solvency

-28.2%▼

2023 · 27.1%

Current ratio

0.46▼

2023 · 1.16

Quick ratio

0.46▼

2023 · 1.16

Debt / equity

-4.54▼

2023 · 2.69

ROA

-61.4%▼

2023 · -35.6%

Interest coverage

-11.03▼

2023 · 4.14

Debt

€102k▲

2023 · €71k

Debt ≤ 1 year

€100k▲

2023 · €71k

Income taxes

€907▼

2023 · €7k

Staff costs

€31k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€98k€80k▼

Fixed assets21/28€15k€33k▲

Tangible fixed assets22/27€15k€33k▲

Plant, machinery and equipment23€5k€25k▲

Furniture and vehicles24€11k€8k▼

Current assets29/58€82k€46k▼

Amounts receivable within one year40/41€73k€37k▼

Trade receivables40€34k€12k▼

Other amounts receivable41€40k€25k▼

Cash at bank and in hand54/58€8k€2k▼

Deferred charges and accrued income490/1€521€8k▲

Equity and liabilities

Total equity and liabilities10/49€98k€80k▼

Equity10/15€26k€-23k▼

Contributions10/11€25k€25k=

Profit (loss) carried forward14€1k€-48k▼

Amounts payable17/49€71k€102k▲

Amounts payable within one year42/48€71k€100k▲

Trade debts44€29k€45k▲

Suppliers440/4€29k€45k▲

Advances received on contracts in progress46-€10k

Taxes, remuneration and social security45€42k€34k▼

Taxes450/3€40k€13k▼

Remuneration and social security454/9€2k€20k▲

Other amounts payable47/48-€12k

Accrued charges and deferred income492/3-€2k

Income statement Code20232024

Remuneration, social security and pensions62-€31k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€13k▲

Other operating charges640/8€4k€1k▼

Non-recurring operating charges66A€6k€1k▼

Gross operating margin9900€44k€2k▼

Operating profit (loss)9901€30k€-45k▼

Financial income75/76B€0€0▲

Recurring financial income75€0€0▲

Financial charges65/66B€58k€3k▼

Recurring financial charges65€8k€3k▼

Non-recurring financial charges66B€50k-

Profit (loss) for the period before taxes9903€-28k€-48k▼

Income taxes67/77€7k€907▼

Profit (loss) for the period9904€-35k€-49k▼

Profit (loss) for the period to be appropriated9905€-35k€-49k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1k€-48k▼

Profit (loss) brought forward from the previous period14P€36k€1k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Signals 3Financial 2Filings 4

2026

23-02

KBO administration Address struck

Pastoor Bolsstraat 5 L’adresse du siège Pastoor Bolsstraat 5 1652 Die Sitzadresse Pastoor Bolsstraat 5 1652 1652 Beersel werd doorgehaald met ingang Beersel · event 15-01-2026

2025

17-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

12-05

KBO administration Address strikeout annulled

17-01

KBO administration Address struck

Pastoor Bolsstraat 5 Die Sitzadresse Pastoor Bolsstraat 5 1652 Beersel · event 26-09-2024

2024

31-12

Financial Weakest financial yearnet €-49k

Net result drops to €-49k, the lowest in the series.

22-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 114 days late

2023

20-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 51 days late

04-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 157 days late

2022

31-12

Financial Highest result since 2021net €19k ▲9.8%

Net result €19k, the highest in the series.

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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

1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

147 m²

Parcel 23001B0070/00T000, Flanders. Linked by address, not a title deed.

1 establishment unit

SG CONCEPT

General construction of buildings

since 20212.315.798.784

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23001B0070/00T000	Flanders	147 m²	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

BE 0800.746.084

Charleroi · Eq €26k

Happy Burger Diepenbeek

Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,324 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-03-2021

Fiscal year end31-12

Abbreviation NL SGC

Activities, NACEBEL

41001General construction of residential buildings

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

43421Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.