SG Distributions
ActiveSummary
SG Distributions has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €713k and a net result of €108k. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80=
Solvency86▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.64 in 2024; short-term debt: 13.6% and cash: 11.8% of total assets), and 38.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
61.4%
Return on assets
9.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
on the day
2023
15 d late
2022
on the day
2021
5 d early
2020
16 d early
2019
21 d early
← 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
Financials · fiscal year 2025, abbreviated schema
Equity
€713k▲ 5.7%
2024 · €675k
2018: €90klowest in 8 years
2019: €125k▲ +39.5% vs 2018
2020: €174k▲ +39.3% vs 2019
2021: €287k▲ +64.9% vs 2020
2022: €402k▲ +40.0% vs 2021
2023: €562k▲ +39.7% vs 2022
2024: €675k▲ +20.1% vs 2023
2025: €713k▲ +5.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.16M▼ 4.8%
2024 · €1.22M
2018: €469klowest in 8 years
2019: €528k▲ +12.5% vs 2018
2020: €559k▲ +6.0% vs 2019
2021: €719k▲ +28.5% vs 2020
2022: €747k▲ +3.9% vs 2021
2023: €1.04M▲ +39.5% vs 2022
2024: €1.22M▲ +17.0% vs 2023highest in 8 years
2025: €1.16M▼ -4.8% vs 2024
2018 → 2025
Net result
€108k▼ 4.1%
2024 · €113k
2018: €6klowest in 8 years
2019: €47k▲ +723% vs 2018
2020: €49k▲ +3.6% vs 2019
2021: €180k▲ +266% vs 2020highest in 8 years
2022: €130k▼ -27.9% vs 2021
2023: €160k▲ +23.0% vs 2022
2024: €113k▼ -29.1% vs 2023
2025: €108k▼ -4.1% vs 2024
2018 → 2025
Working capital
€117k▲ 0.5%
2024 · €116k
2018: €35k
2019: €-3k▼ -108% vs 2018
2020: €-10k▼ -254% vs 2019lowest in 8 years
2021: €55k▲ +669% vs 2020
2022: €171k▲ +209% vs 2021highest in 8 years
2023: €106k▼ -38.4% vs 2022
2024: €116k▲ +10.0% vs 2023
2025: €117k▲ +0.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€287k-€402k▲ 40.0%€562k▲ 39.7%€675k▲ 20.1%€713k▲ 5.7%
2021: €287klowest in 5 years
2022: €402k▲ +40.0% vs 2021
2023: €562k▲ +39.7% vs 2022
2024: €675k▲ +20.1% vs 2023
2025: €713k▲ +5.7% vs 2024highest in 5 years
Operating result€227k-€176k▼ 22.3%€235k▲ 33.1%€168k▼ 28.6%€169k▲ 0.9%
2021: €227k
2022: €176k▼ -22.3% vs 2021
2023: €235k▲ +33.1% vs 2022highest in 5 years
2024: €168k▼ -28.6% vs 2023lowest in 5 years
2025: €169k▲ +0.9% vs 2024
Net result€180k-€130k▼ 27.9%€160k▲ 23.0%€113k▼ 29.1%€108k▼ 4.1%
2021: €180khighest in 5 years
2022: €130k▼ -27.9% vs 2021
2023: €160k▲ +23.0% vs 2022
2024: €113k▼ -29.1% vs 2023
2025: €108k▼ -4.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€886k ▼ 3.7%
Current assets
€274k ▼ 8.2%
Equity and liabilities €1.16M
Equity
€713k ▲ 5.7%
Debt
€447k ▼ 17.8%
Debt's share of the balance-sheet total falls from 44.7% to 38.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€280k▲
2024 · €256k
Cash flow
€219k▲
2024 · €202k
Current ratio
1.74▲
2024 · 1.64
Quick ratio
1.72▲
2024 · 1.62
Debt to equity
0.63▼
2024 · 0.81
ROE
15.2%▼
2024 · 16.8%
ROA
9.3%▲
2024 · 9.3%
Interest coverage
18.08▲
2024 · 16.82
Debt ≤ 1 year
€158k▼
2024 · €183k
Debt > 1 year
€290k▼
2024 · €362k
Income taxes
€46k▲
2024 · €40k
Staff costs
€100k▲
2024 · €98k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€1.16M▼
Fixed assets21/28€921k€886k▼
Tangible fixed assets22/27€646k€558k▼
Land and buildings22€331k€309k▼
Plant, machinery and equipment23€57k€44k▼
Furniture and vehicles24€257k€205k▼
Financial fixed assets28€275k€328k▲
Current assets29/58€299k€274k▼
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€124k€124k▼
Trade receivables40€53k€61k▲
Other amounts receivable41€71k€63k▼
Cash at bank and in hand54/58€167k€137k▼
Deferred charges and accrued income490/1€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.16M▼
Equity10/15€675k€713k▲
Contributions10/11€12k€12k=
Reserves13€621k€601k▼
Distributable reserves133€621k€601k▼
Profit (loss) carried forward14€41k€100k▲
Amounts payable17/49€545k€447k▼
Amounts payable after more than one year17€362k€290k▼
Financial debts170/4€362k€290k▼
Amounts payable within one year42/48€183k€158k▼
Current portion of amounts payable after more than one year42€81k€72k▼
Trade debts44€28k€30k▲
Suppliers440/4€28k€30k▲
Advances received on contracts in progress46€15k€12k▼
Taxes, remuneration and social security45€58k€26k▼
Taxes450/3€56k€24k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48-€19k
Accrued charges and deferred income492/3€249-
Income statement
Code20242025
Non-recurring operating income76A€413€2k▲
Remuneration, social security and pensions62€98k€100k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€111k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€360k€386k▲
Operating profit (loss)9901€168k€169k▲
Financial income75/76B€877€991▲
Recurring financial income75€877€991▲
Financial charges65/66B€15k€15k▲
Recurring financial charges65€15k€15k▲
Profit (loss) for the period before taxes9903€153k€155k▲
Income taxes67/77€40k€46k▲
Profit (loss) for the period9904€113k€108k▼
Profit (loss) for the period to be appropriated9905€113k€108k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€150k▼
Profit (loss) brought forward from the previous period14P€41k€41k=
Transfer from equity791/2-€70k
Transfer to equity691/2€113k€50k▼
To other reserves6921€113k€50k▼
Profit to be distributed694/7-€70k
Return on contributions (dividend)694-€70k
Social balance
Average headcount (FTE)90873.02.8▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €413 | €2k | ▲ 384% |
| Remuneration, social security and pensions62 | €61k | €78k | €65k | €98k | €100k | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €58k | €67k | €89k | €111k | ▲ 24.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-822 | - | - | - | - | - |
| Other operating charges640/8 | €4k | €5k | €4k | €6k | €6k | ▼ 3.7% |
| Non-recurring operating charges66A | €923 | - | - | - | - | - |
| Gross operating margin9900 | €339k | €318k | €370k | €360k | €386k | ▲ 7.1% |
| Operating profit (loss)9901 | €227k | €176k | €235k | €168k | €169k | ▲ 0.9% |
| Financial income75/76B | €275 | €456 | €1k | €877 | €991 | ▲ 13.0% |
| Recurring financial income75 | €275 | €456 | €1k | €877 | €991 | ▲ 13.0% |
| Financial charges65/66B | €9k | €8k | €12k | €15k | €15k | ▲ 1.6% |
| Recurring financial charges65 | €9k | €8k | €12k | €15k | €15k | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €218k | €169k | €224k | €153k | €155k | ▲ 1.0% |
| Income taxes67/77 | €38k | €39k | €65k | €40k | €46k | ▲ 15.1% |
| Profit (loss) for the period9904 | €180k | €130k | €160k | €113k | €108k | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €180k | €130k | €160k | €113k | €108k | ▼ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €719k | €747k | €1.04M | €1.22M | €1.16M | ▼ 4.8% |
| Fixed assets21/28 | €478k | €447k | €777k | €921k | €886k | ▼ 3.7% |
| Tangible fixed assets22/27 | €478k | €447k | €502k | €646k | €558k | ▼ 13.5% |
| Land and buildings22 | €389k | €375k | €353k | €331k | €309k | ▼ 6.7% |
| Plant, machinery and equipment23 | €50k | €49k | €74k | €57k | €44k | ▼ 22.5% |
| Furniture and vehicles24 | €38k | €23k | €75k | €257k | €205k | ▼ 20.4% |
| Financial fixed assets28 | - | - | €275k | €275k | €328k | ▲ 19.3% |
| Current assets29/58 | €241k | €299k | €265k | €299k | €274k | ▼ 8.2% |
| Stocks and contracts in progress3 | €2k | €5k | €4k | €3k | €4k | ▲ 36.4% |
| Stocks30/36 | €2k | €5k | €4k | €3k | €4k | ▲ 36.4% |
| Amounts receivable within one year40/41 | €48k | €52k | €87k | €124k | €124k | ▼ 0.4% |
| Trade receivables40 | €32k | €39k | €52k | €53k | €61k | ▲ 14.5% |
| Other amounts receivable41 | €16k | €13k | €34k | €71k | €63k | ▼ 11.5% |
| Cash at bank and in hand54/58 | €189k | €239k | €171k | €167k | €137k | ▼ 17.6% |
| Deferred charges and accrued income490/1 | €2k | €3k | €3k | €5k | €10k | ▲ 84.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €719k | €747k | €1.04M | €1.22M | €1.16M | ▼ 4.8% |
| Equity10/15 | €287k | €402k | €562k | €675k | €713k | ▲ 5.7% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €246k | €348k | €508k | €621k | €601k | ▼ 3.2% |
| Distributable reserves133 | €246k | €348k | €508k | €621k | €601k | ▼ 3.2% |
| Profit (loss) carried forward14 | €41k | €41k | €41k | €41k | €100k | ▲ 141% |
| Amounts payable17/49 | €432k | €345k | €480k | €545k | €447k | ▼ 17.8% |
| Amounts payable after more than one year17 | €246k | €217k | €321k | €362k | €290k | ▼ 19.8% |
| Financial debts170/4 | €246k | €217k | €321k | €362k | €290k | ▼ 19.8% |
| Amounts payable within one year42/48 | €186k | €128k | €159k | €183k | €158k | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | €39k | €41k | €62k | €81k | €72k | ▼ 11.7% |
| Trade debts44 | €22k | €27k | €37k | €28k | €30k | ▲ 5.4% |
| Suppliers440/4 | €22k | €27k | €37k | €28k | €30k | ▲ 5.4% |
| Advances received on contracts in progress46 | €25k | €24k | €15k | €15k | €12k | ▼ 23.1% |
| Taxes, remuneration and social security45 | €53k | €21k | €46k | €58k | €26k | ▼ 55.8% |
| Taxes450/3 | €53k | €19k | €44k | €56k | €24k | ▼ 57.5% |
| Remuneration and social security454/9 | €36 | €2k | €2k | €2k | €2k | ▲ 1.5% |
| Other amounts payable47/48 | €46k | €15k | - | - | €19k | - |
| Accrued charges and deferred income492/3 | - | - | €74 | €249 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €180k | €130k | €160k | €113k | €108k | ▼ 4.1% |
| + Depreciation and write-downs630 | €47k | €58k | €67k | €89k | €111k | ▲ 24.7% |
| Operating cash flow (approximation) | €227k | €188k | €226k | €202k | €219k | ▲ 8.6% |
| Investment in fixed assets (approximation) | - | €-28k | €-397k | €-232k | €-76k | ▲ 67.1% |
| Change in cash | - | €50k | €-68k | €-4k | €-29k | ▼ 561% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
2023
31-12
Financial
Equity above €500kEq €562k ▲39.7%
6 profitable years in a row build equity to €562k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €180k ▲266%
Net result €180k, the highest in the series.
31-12
Financial
Equity above €200kEq €287k ▲64.9%
4 profitable years in a row build equity to €287k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €174k ▲39.3%
3 profitable years in a row build equity to €174k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €125k ▲39.5%
2 profitable years in a row build equity to €125k.
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Dilbeek · 1 establishment unit since 2009
Ground area
7,689 m²
Parcel 23026A0154/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
GOOSSENS PRO
since 20092.176.335.847
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0154/00H000 | Flanders | 7,689 m² | - | - |
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.
Recognitions · licences · registrations
Dual-learning approval
1 live approvalMonteur sanitaire en verwarmingsinstallaties duaal (so)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 1,991 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
Founded20-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
73300Public relations and communication consultancy
Contact
Website
www.goossens-sanitaire.beDilbeek
Website
www.goossens.proDilbeek
Website
www.plomberie-goossens.beDilbeek
Scores and ratios are computed by Checked and are not a credit decision.