SG - E3
ActiveSummary
SG - E3 has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €545,332 and a net result of €17,713. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 10.37 against 9.84 in 2024; short-term debt: 4.2% and cash: 31.2% of total assets), and 10.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
89.1%
Return on assets
2.9%
Age of the figures
12 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 · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
1 d early
2022
2 d early
2021
2 d early
2020
3 d early
2019
50 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€545,332▼ 5.5%
2024 · €576,963
Total assets
€612,307▼ 7.6%
2024 · €662,331
Net result
€17,713▼ 71.5%
2024 · €62,245
Working capital
€241,904▼ 18.7%
2024 · €297,655
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,136▼ 47.9%€73,100▲ 143%€56,190▼ 23.1%€87,813▲ 56.3%€25,857▼ 70.6%
Net result€20,255within the sector's middle half▼ 47.4%€50,325above the sector's middle half▲ 148%€35,135within the sector's middle half▼ 30.2%€62,245above the sector's middle half▲ 77.2%€17,713within the sector's middle half▼ 71.5%
Equity€486,238above the sector's middle half▲ 4.3%€535,763above the sector's middle half▲ 10.2%€514,718above the sector's middle half▼ 3.9%€576,963above the sector's middle half▲ 12.1%€545,332above the sector's middle half▼ 5.5%
Total assets€605,589above the sector's middle half▼ 3.0%€648,727above the sector's middle half▲ 7.1%€610,588above the sector's middle half▼ 5.9%€662,331above the sector's middle half▲ 8.5%€612,307above the sector's middle half▼ 7.6%
Debt€119,351▼ 24.7%€112,964▼ 5.4%€95,870▼ 15.1%€85,368▼ 11.0%€66,975▼ 21.5%
Working capital€162,877above the sector's middle half▲ 7.2%€229,336above the sector's middle half▲ 40.8%€218,424above the sector's middle half▼ 4.8%€297,655above the sector's middle half▲ 36.3%€241,904above the sector's middle half▼ 18.7%
Solvency80.3%above the sector's middle half▲ 5.7pp82.6%above the sector's middle half▲ 2.3pp84.3%above the sector's middle half▲ 1.7pp87.1%above the sector's middle half▲ 2.8pp89.1%above the sector's middle half▲ 2.0pp
Current ratio5.39above the sector's middle half▲ 2.106.63above the sector's middle half▲ 1.247.46above the sector's middle half▲ 0.839.84above the sector's middle half▲ 2.3810.37above the sector's middle half▲ 0.53
Return on assets (ROA)3.3%within the sector's middle half▼ 2.8pp7.8%within the sector's middle half▲ 4.4pp5.8%within the sector's middle half▼ 2.0pp9.4%within the sector's middle half▲ 3.6pp2.9%within the sector's middle half▼ 6.5pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 71% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €612,307
Fixed assets
€344,584 ▲ 4.1%
Current assets
€267,723 ▼ 19.2%
Equity and liabilities €612,307
Equity
€545,332 ▼ 5.5%
Debt
€66,975 ▼ 21.5%
Debt's share of the balance-sheet total falls from 12.9% to 10.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47,616▼
2024 · €115,161
Cash flow
€39,472▼
2024 · €89,593
Quick ratio
9.34▲
2024 · 9.05
Debt to equity
0.12▼
2024 · 0.15
ROE
3.2%▼
2024 · 10.8%
Interest coverage
40.32▼
2024 · 82.08
Debt ≤ 1 year
€25,819▼
2024 · €33,673
Debt > 1 year
€41,156▼
2024 · €51,695
Income taxes
€8,011▼
2024 · €25,546
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €467 | €573 | ▲ 22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,476 | €26,949 | €27,485 | €27,348 | €21,759 | ▼ 20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €250 | - | - | - | - | - |
| Other operating charges640/8 | €920 | €705 | €926 | €849 | €1,001 | ▲ 17.9% |
| Gross operating margin9900 | €57,782 | €100,754 | €84,601 | €116,010 | €48,617 | ▼ 58.1% |
| Operating profit (loss)9901 | €30,136 | €73,100 | €56,190 | €87,813 | €25,857 | ▼ 70.6% |
| Financial income75/76B | €8 | €20 | €248 | €1,381 | €1,048 | ▼ 24.1% |
| Recurring financial income75 | €8 | €20 | €248 | €1,381 | €1,048 | ▼ 24.1% |
| Financial charges65/66B | €2,005 | €1,837 | €1,914 | €1,403 | €1,181 | ▼ 15.8% |
| Recurring financial charges65 | €2,005 | €1,837 | €1,914 | €1,403 | €1,181 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €28,139 | €71,283 | €54,524 | €87,791 | €25,724 | ▼ 70.7% |
| Income taxes67/77 | €7,884 | €20,958 | €19,389 | €25,546 | €8,011 | ▼ 68.6% |
| Profit (loss) for the period9904 | €20,255 | €50,325 | €35,135 | €62,245 | €17,713 | ▼ 71.5% |
| Profit (loss) for the period to be appropriated9905 | €20,255 | €50,325 | €35,135 | €62,245 | €17,713 | ▼ 71.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €605,589 | €648,727 | €610,588 | €662,331 | €612,307 | ▼ 7.6% |
| Fixed assets21/28 | €405,620 | €378,671 | €358,351 | €331,003 | €344,584 | ▲ 4.1% |
| Tangible fixed assets22/27 | €405,620 | €378,671 | €358,351 | €331,003 | €344,584 | ▲ 4.1% |
| Land and buildings22 | €399,786 | €375,274 | €353,922 | €329,087 | €343,983 | ▲ 4.5% |
| Plant, machinery and equipment23 | €2,000 | €1,000 | - | - | - | - |
| Furniture and vehicles24 | €3,834 | €2,397 | €4,429 | €1,916 | €601 | ▼ 68.6% |
| Current assets29/58 | €199,969 | €270,056 | €252,237 | €331,328 | €267,723 | ▼ 19.2% |
| Stocks and contracts in progress3 | €12,500 | €9,500 | €9,500 | €26,500 | €26,500 | = |
| Stocks30/36 | €12,500 | €9,500 | €9,500 | €26,500 | €26,500 | = |
| Amounts receivable within one year40/41 | €35,171 | €45,679 | €77,925 | €77,849 | €49,641 | ▼ 36.2% |
| Trade receivables40 | €35,118 | €45,626 | €71,666 | €71,555 | €32,620 | ▼ 54.4% |
| Other amounts receivable41 | €53 | €53 | €6,259 | €6,294 | €17,021 | ▲ 170% |
| Cash at bank and in hand54/58 | €152,298 | €214,877 | €164,812 | €226,979 | €191,132 | ▼ 15.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €450 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €605,589 | €648,727 | €610,588 | €662,331 | €612,307 | ▼ 7.6% |
| Equity10/15 | €486,238 | €535,763 | €514,718 | €576,963 | €545,332 | ▼ 5.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | €12,400 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €6,200 | - | - | - | - | - |
| Reserves13 | €264,557 | €314,082 | €293,037 | €355,282 | €323,651 | ▼ 8.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €262,697 | €312,222 | €291,177 | €353,422 | €321,791 | ▼ 8.9% |
| Profit (loss) carried forward14 | €209,281 | €209,281 | €209,281 | €209,281 | €209,281 | = |
| Amounts payable17/49 | €119,351 | €112,964 | €95,870 | €85,368 | €66,975 | ▼ 21.5% |
| Amounts payable after more than one year17 | €82,259 | €72,244 | €62,057 | €51,695 | €41,156 | ▼ 20.4% |
| Financial debts170/4 | €82,259 | €72,244 | €62,057 | €51,695 | €41,156 | ▼ 20.4% |
| Amounts payable within one year42/48 | €37,092 | €40,720 | €33,813 | €33,673 | €25,819 | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | €9,847 | €10,016 | €10,187 | €10,362 | €10,539 | ▲ 1.7% |
| Trade debts44 | €12,211 | €5,530 | €4,182 | €7,596 | €6,832 | ▼ 10.1% |
| Suppliers440/4 | €12,211 | €5,530 | €4,182 | €7,596 | €6,832 | ▼ 10.1% |
| Taxes, remuneration and social security45 | €14,401 | €20,562 | €19,444 | €15,715 | €7,548 | ▼ 52.0% |
| Taxes450/3 | €10,350 | €20,562 | €19,444 | €11,424 | €3,224 | ▼ 71.8% |
| Remuneration and social security454/9 | €4,051 | - | - | €4,291 | €4,324 | ▲ 0.8% |
| Other amounts payable47/48 | €633 | €4,612 | - | - | €900 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,255 | €50,325 | €35,135 | €62,245 | €17,713 | ▼ 71.5% |
| + Depreciation and write-downs630 | €26,476 | €26,949 | €27,485 | €27,348 | €21,759 | ▼ 20.4% |
| Operating cash flow (approximation) | €46,731 | €77,274 | €62,620 | €89,593 | €39,472 | ▼ 55.9% |
| Investment in fixed assets (approximation) | - | €0 | -€7,165 | €0 | -€35,340 | - |
| Change in cash | - | €62,579 | -€50,065 | €62,167 | -€35,847 | ▼ 158% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €62,245 ▲77.2%
Operating result €87,813, net result €62,245, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €500,000Eq €535,763 ▲10.2%
5 profitable years in a row build equity to €535,763.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 50 days late
2019
30-09
Financial
Weakest financial yearnet €6,354 ▼84.6%
Net result drops to €6,354, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Assenede · 1 establishment unit since 2010
Ground area
1,207 m²
Building footprint
243 m²
Volume, LiDAR
1,495 m³
Parcel 43002C0667/00L000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SG - E3
since 20102.190.040.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43002C0667/00L000 | Flanders | 1,207 m² | 1 · 243 m² | 9.4 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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Of 11,573 companies in sector 71121 we hold annual accounts for 6,570. 4,312 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
Founded08-06-2010
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
01430Raising of horses and other equines
93129Activities of other sports clubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826487708
Also
9925:BE0826487708
Registered
30-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.