SGM Technics
ActiveSummary
The computed 12-month bankruptcy probability of SGM Technics is 2.2% (moderate). The 2025 annual accounts show equity of €48,713 and a net result of €6,240. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 28281 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-9
Solvency72▼-12
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.69 in 2024; short-term debt: 28.8% and cash: 43.3% of total assets), but 52.7% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
47.3%
Return on assets
6.1%
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 08-07-2026, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
23 d early
2024
93 d early
2023
71 d early
2022
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 15 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€48,713▲ 14.7%
2024 · €42,473
Total assets
€103,025▲ 42.8%
2024 · €72,170
Net result
€6,240▼ 32.8%
2024 · €9,287
Working capital
€27,274▲ 106%
2024 · €13,249
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€28,704-€18,474▼ 35.6%€15,952▼ 13.7%€13,098▼ 17.9%
Net result€20,099within the sector's middle half-€10,087within the sector's middle half▼ 49.8%€9,287within the sector's middle half▼ 7.9%€6,240within the sector's middle half▼ 32.8%
Equity€23,099within the sector's middle half-€33,186within the sector's middle half▲ 43.7%€42,473within the sector's middle half▲ 28.0%€48,713within the sector's middle half▲ 14.7%
Total assets€70,500within the sector's middle half-€71,386within the sector's middle half▲ 1.3%€72,170within the sector's middle half▲ 1.1%€103,025within the sector's middle half▲ 42.8%
Debt€47,402-€38,200▼ 19.4%€29,697▼ 22.3%€54,313▲ 82.9%
Working capital€13,523within the sector's middle half--€3,139below the sector's middle half€13,249within the sector's middle half€27,274within the sector's middle half▲ 106%
Solvency32.8%within the sector's middle half-46.5%within the sector's middle half▲ 13.7pp58.9%within the sector's middle half▲ 12.4pp47.3%within the sector's middle half▼ 11.6pp
Current ratio1.61within the sector's middle half-0.85below the sector's middle half▼ 0.761.69within the sector's middle half▲ 0.841.92within the sector's middle half▲ 0.23
Return on assets (ROA)28.5%above the sector's middle half-14.1%within the sector's middle half▼ 14.4pp12.9%within the sector's middle half▼ 1.3pp6.1%within the sector's middle half▼ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 has fallen three years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103,025
Fixed assets
€46,127 ▲ 16.3%
Current assets
€56,898 ▲ 75.0%
Equity and liabilities €103,025
Equity
€48,713 ▲ 14.7%
Debt
€54,313 ▲ 82.9%
Debt's share of the balance-sheet total rises from 41.1% to 52.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,187▼
2024 · €31,350
Cash flow
€15,329▼
2024 · €24,685
Debt to equity
1.11▲
2024 · 0.70
ROE
12.8%▼
2024 · 21.9%
Interest coverage
10.93▼
2024 · 15.52
Debt ≤ 1 year
€29,624▲
2024 · €19,260
Debt > 1 year
€24,688▲
2024 · €10,437
Income taxes
€4,839▲
2024 · €4,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,338 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% | 1.9% |
| 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 39,278 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,367 | €11,889 | €15,398 | €9,089 | ▼ 41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €417 | - |
| Other operating charges640/8 | €884 | €936 | €838 | €917 | ▲ 9.5% |
| Non-recurring operating charges66A | - | - | - | €7,874 | - |
| Gross operating margin9900 | €34,955 | €31,299 | €32,188 | €31,395 | ▼ 2.5% |
| Operating profit (loss)9901 | €28,704 | €18,474 | €15,952 | €13,098 | ▼ 17.9% |
| Financial income75/76B | €0 | €26 | - | €10 | - |
| Recurring financial income75 | €0 | €26 | - | €10 | - |
| Financial charges65/66B | €1,499 | €2,151 | €2,020 | €2,029 | ▲ 0.4% |
| Recurring financial charges65 | €1,499 | €2,151 | €2,020 | €2,029 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €27,206 | €16,349 | €13,932 | €11,078 | ▼ 20.5% |
| Income taxes67/77 | €7,107 | €6,262 | €4,645 | €4,839 | ▲ 4.2% |
| Profit (loss) for the period9904 | €20,099 | €10,087 | €9,287 | €6,240 | ▼ 32.8% |
| Profit (loss) for the period to be appropriated9905 | €20,099 | €10,087 | €9,287 | €6,240 | ▼ 32.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70,500 | €71,386 | €72,170 | €103,025 | ▲ 42.8% |
| Fixed assets21/28 | €34,860 | €54,014 | €39,661 | €46,127 | ▲ 16.3% |
| Tangible fixed assets22/27 | €34,860 | €54,014 | €39,661 | €46,127 | ▲ 16.3% |
| Land and buildings22 | - | €6,205 | €5,528 | €4,851 | ▼ 12.2% |
| Plant, machinery and equipment23 | €6,363 | €13,580 | €8,983 | €7,743 | ▼ 13.8% |
| Furniture and vehicles24 | €28,497 | €33,361 | €24,283 | €6,705 | ▼ 72.4% |
| Leasing and similar rights25 | - | - | - | €25,960 | - |
| Other tangible fixed assets26 | - | €868 | €868 | €868 | = |
| Current assets29/58 | €35,640 | €17,372 | €32,509 | €56,898 | ▲ 75.0% |
| Amounts receivable within one year40/41 | €22,694 | €4,687 | €2,715 | €4,043 | ▲ 48.9% |
| Trade receivables40 | €19,969 | €2,068 | €1,859 | €3,800 | ▲ 104% |
| Other amounts receivable41 | €2,725 | €2,620 | €856 | €243 | ▼ 71.7% |
| Current investments50/53 | - | - | - | €7,250 | - |
| Cash at bank and in hand54/58 | €12,016 | €10,026 | €28,971 | €44,560 | ▲ 53.8% |
| Deferred charges and accrued income490/1 | €929 | €2,659 | €823 | €1,046 | ▲ 27.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70,500 | €71,386 | €72,170 | €103,025 | ▲ 42.8% |
| Equity10/15 | €23,099 | €33,186 | €42,473 | €48,713 | ▲ 14.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €20,099 | €30,186 | €39,473 | €45,713 | ▲ 15.8% |
| Distributable reserves133 | €20,099 | €30,186 | €39,473 | €45,713 | ▲ 15.8% |
| Amounts payable17/49 | €47,402 | €38,200 | €29,697 | €54,313 | ▲ 82.9% |
| Amounts payable after more than one year17 | €23,156 | €17,688 | €10,437 | €24,688 | ▲ 137% |
| Financial debts170/4 | €23,156 | €17,688 | €10,437 | €24,688 | ▲ 137% |
| Amounts payable within one year42/48 | €22,118 | €20,512 | €19,260 | €29,624 | ▲ 53.8% |
| Current portion of amounts payable after more than one year42 | €5,887 | €10,472 | €7,251 | €11,751 | ▲ 62.1% |
| Financial debts43 | - | €1,559 | - | - | - |
| Credit institutions430/8 | - | €1,559 | - | - | - |
| Trade debts44 | €3,868 | €464 | €2,000 | €341 | ▼ 82.9% |
| Suppliers440/4 | €3,868 | €464 | €2,000 | €341 | ▼ 82.9% |
| Taxes, remuneration and social security45 | €7,107 | €2,869 | - | €221 | - |
| Taxes450/3 | €7,107 | €2,869 | - | €221 | - |
| Other amounts payable47/48 | €5,256 | €5,147 | €10,009 | €17,311 | ▲ 73.0% |
| Accrued charges and deferred income492/3 | €2,128 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,099 | €10,087 | €9,287 | €6,240 | ▼ 32.8% |
| + Depreciation and write-downs630 | €5,367 | €11,889 | €15,398 | €9,089 | ▼ 41.0% |
| Operating cash flow (approximation) | €25,466 | €21,976 | €24,685 | €15,329 | ▼ 37.9% |
| Investment in fixed assets (approximation) | - | -€31,043 | -€1,045 | -€15,555 | ▼ 1,388% |
| Change in cash | - | -€1,990 | €18,945 | €15,589 | ▼ 17.7% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €6,240 ▼32.8%
Net result drops to €6,240, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Genk · 1 establishment unit since 2022
Ground area
579 m²
Building footprint
86 m²
Volume, LiDAR
467 m³
Parcel 71307H0002/00C142, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SGM Technics
since 20222.326.214.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0002/00C142 | Flanders | 579 m² | 1 · 86 m² | 7.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 268 EUR awarded · 268 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 93 EUR |
| 2022 | 1 | 268 EUR | 175 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesSGM Technics BV42511
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,546 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
Founded04-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779687879
Also
9925:BE0779687879
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.