SG Works
ActiveSummary
SG Works has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €57k. Its solvency ranks better than 44% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency73▲+14
Growth78
Track record82
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 1.62 against 0.98 in 2024; short-term debt: 51.5% and cash: 68.6% of total assets), but 51.5% of the assets are financed with debt.
Credit advice 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
Sector 71
lower
← 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
48.5%
Return on assets
27.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
4 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€101k▲ 132%
2024 · €43k
2024: €43k
2024 → 2025
Total assets
€208k▲ 62.7%
2024 · €128k
2024: €128k
2024 → 2025
Net result
€57k▲ 40.3%
2024 · €41k
2024: €41k
2024 → 2025
Working capital
€66k
2024 · €-2k
2024: €-2k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€43k-€101k▲ 132%
Operating result€51k-€72k▲ 40.3%
Net result€41k-€57k▲ 40.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 40% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208k
Fixed assets
€34k ▼ 22.5%
Current assets
€173k ▲ 111%
Equity and liabilities €208k
Equity
€101k ▲ 132%
Debt
€107k ▲ 26.9%
Debt's share of the balance-sheet total falls from 66.0% to 51.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83k▲
2024 · €57k
Cash flow
€68k▲
2024 · €47k
Current ratio
1.62▲
2024 · 0.98
Debt to equity
1.06▼
2024 · 1.94
ROE
56.9%▼
2024 · 94.2%
ROA
27.6%▼
2024 · 32.0%
Interest coverage
2212.90▼
2024 · 5715595.00
Debt ≤ 1 year
€107k▲
2024 · €84k
Income taxes
€15k▲
2024 · €10k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€128k€208k▲
Formation expenses20€1k€0▼
Fixed assets21/28€44k€34k▼
Tangible fixed assets22/27€44k€34k▼
Plant, machinery and equipment23€1k€695▼
Furniture and vehicles24€43k€34k▼
Current assets29/58€82k€173k▲
Amounts receivable within one year40/41€25k€31k▲
Trade receivables40€25k€31k▲
Cash at bank and in hand54/58€57k€142k▲
Equity and liabilities
Total equity and liabilities10/49€128k€208k▲
Equity10/15€43k€101k▲
Contributions10/11€3k€3k=
Reserves13€41k€98k▲
Distributable reserves133€41k€98k▲
Amounts payable17/49€84k€107k▲
Amounts payable within one year42/48€84k€107k▲
Trade debts44€97€3k▲
Suppliers440/4€97€3k▲
Taxes, remuneration and social security45€15k€33k▲
Taxes450/3€15k€33k▲
Other amounts payable47/48€69k€72k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€11k▲
Other operating charges640/8€106€710▲
Gross operating margin9900€57k€84k▲
Operating profit (loss)9901€51k€72k▲
Financial income75/76B-€61
Recurring financial income75-€61
Financial charges65/66B€0€38▲
Recurring financial charges65€0€38▲
Profit (loss) for the period before taxes9903€51k€72k▲
Income taxes67/77€10k€15k▲
Profit (loss) for the period9904€41k€57k▲
Profit (loss) for the period to be appropriated9905€41k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€57k▲
Transfer to equity691/2€41k€57k▲
To other reserves6921€41k€57k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €101k ▲132%
2 profitable years in a row build equity to €101k.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial 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
Registered office, Roeselare · 1 establishment unit since 2024
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.
Hooistraat 168800 RoeselareGround area
2.0 ha
Building footprint
188 m²
Volume, LiDAR
904 m³
Parcel 36505C0350/00M000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SG Works
since 20242.361.170.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505C0350/00M000 | Flanders | 2.0 ha | 1 · 188 m² | 9.1 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,023 EUR awarded · 4,023 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,023 EUR | 4,023 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,758 companies in sector 71122 we hold annual accounts for 770. 664 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
71113Urban planning and landscape architecture
74999Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.