Financials
- Fiscal year
- 2025
- Total assets
- €70,790
- Loss
- -€953
- Solvency
- 41.6%
Total assets▼ 39.2%
Net result
20222025
SGS CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of SGS CONCEPT is 1.9% (moderate). The 2025 annual accounts show equity of €29,484 and a net result of -€953. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 44% of 30651 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
How big
€70,790total assets 2025
- Equity
- €29,484
- Loss
- -€953
Turnover not published (abridged schema)
Who decides
Accounts filed 52 d late0 of 3 deeds read
Why 54- Latest accounts 52 days late; 2 of the last 3 late- Founded in 2021- Size: total assets €70,790+ Liquidity: current ratio 1.29, cash €13,597Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 39% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
67+16
equity 41.6% of total assets
Liquidity
53+32
short-term debt 43.1% · cash 19.2%
Profitability
67+7
return on assets -1.3%
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Latest accounts 52 days late; 2 of the last 3 late raises the probability
- Liquidity: current ratio 1.29, cash €13,597 lowers the probability
- Founded in 2021 raises the probability for this profile
- Size: total assets €70,790 raises the probability for this profile
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.02 in 2024; short-term debt: 43.1% and cash: 19.2% of total assets), and 58.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 44%, liquidity 49%, profitability 33%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 · 4 filingsDeviation from the deadline
2025
52 d late
2024
29 d late
2023
61 d late
2022
71 d late
← 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 53 days after 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 26 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€2,378
Key points
By topic
Timeline
- Events
- 5
- Since
- 2023
- Next accounts
- by 31-07-2027
- 21-09-2026Annual accounts filed
- 29-08-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 27-10-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 How does this company compare with its sector?Sector benchmark
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