SGS CONSTRUCT
ActiveSummary
SGS CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,218) and a net result of -€6,166. Equity is shrinking by ~46.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-10
Solvency21▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.16 against 7.93 in 2024; short-term debt: 19.4% and cash: 1.2% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.9%
Return on assets
-7.4%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3,218
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
29 d late
2023
43 d late
2022
29 d late
2021
74 d late
2020
40 d late
2019
66 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 40 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€3,218
2024 · €2,948
Total assets
€83,316▼ 0.2%
2024 · €83,467
Net result
-€6,166▼ 106%
2024 · -€2,999
Working capital
€67,182▼ 7.9%
2024 · €72,948
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,671-€2,990▲ 55.2%-€4,096▼ 37.0%-€2,367▲ 42.2%-€2,288▲ 3.3%
Net result-€7,707-€3,738▲ 51.5%-€4,246▼ 13.6%-€2,999▲ 29.4%-€6,166▼ 106%
Equity€13,932▼ 35.6%€10,194▼ 26.8%€5,947▼ 41.7%€2,948▼ 50.4%-€3,218
Total assets€24,000▼ 75.0%€85,734▲ 257%€84,436▼ 1.5%€83,467▼ 1.1%€83,316▼ 0.2%
Debt€10,068▼ 86.5%€75,541▲ 650%€78,489▲ 3.9%€80,519▲ 2.6%€86,534▲ 7.5%
Working capital€13,727▼ 35.3%€80,194▲ 484%€75,947▼ 5.3%€72,948▼ 3.9%€67,182▼ 7.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,288 in 2025 against €2,367 in 2024; the loss shrinks.
Key figures and ratios
Solvency
-3.9%▼
2024 · 3.5%
Current ratio
5.16▼
2024 · 7.93
Quick ratio
0.07▼
2024 · 0.13
Debt to equity
-26.89▼
2024 · 27.31
ROA
-7.4%▼
2024 · -3.6%
Debt ≤ 1 year
€16,134▲
2024 · €10,519
Debt > 1 year
€70,000=
2024 · €70,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €205 | €205 | €0 | - | - | - |
| Other operating charges640/8 | €687 | €581 | €0 | €387 | €544 | ▲ 40.4% |
| Gross operating margin9900 | -€5,779 | -€2,203 | -€4,096 | -€1,980 | -€1,744 | ▲ 11.9% |
| Operating profit (loss)9901 | -€6,671 | -€2,990 | -€4,096 | -€2,367 | -€2,288 | ▲ 3.3% |
| Financial charges65/66B | €1,036 | €749 | €150 | €632 | €3,878 | ▲ 514% |
| Recurring financial charges65 | €1,036 | €749 | €150 | €632 | €3,878 | ▲ 514% |
| Profit (loss) for the period before taxes9903 | -€7,707 | -€3,738 | -€4,246 | -€2,999 | -€6,166 | ▼ 106% |
| Profit (loss) for the period9904 | -€7,707 | -€3,738 | -€4,246 | -€2,999 | -€6,166 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | -€7,707 | -€3,738 | -€4,246 | -€2,999 | -€6,166 | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,000 | €85,734 | €84,436 | €83,467 | €83,316 | ▼ 0.2% |
| Formation expenses20 | €205 | €0 | - | - | - | - |
| Current assets29/58 | €23,795 | €85,734 | €84,436 | €83,467 | €83,316 | ▼ 0.2% |
| Stocks and contracts in progress3 | - | €81,547 | €81,547 | €82,141 | €82,146 | = |
| Stocks30/36 | - | €81,547 | €81,547 | €82,141 | €82,146 | = |
| Amounts receivable within one year40/41 | €363 | €204 | €1,709 | €163 | €189 | ▲ 16.1% |
| Trade receivables40 | - | - | €1,000 | - | - | - |
| Other amounts receivable41 | €363 | €204 | €709 | €163 | €189 | ▲ 16.1% |
| Cash at bank and in hand54/58 | €23,432 | €3,983 | €1,180 | €1,163 | €982 | ▼ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,000 | €85,734 | €84,436 | €83,467 | €83,316 | ▼ 0.2% |
| Equity10/15 | €13,932 | €10,194 | €5,947 | €2,948 | -€3,218 | ▼ 209% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €620 | €3,994 | €3,994 | €620 | €620 | = |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | €620 | €620 | €620 | €620 | €620 | = |
| Distributable reserves133 | - | €3,374 | €3,374 | - | - | - |
| Profit (loss) carried forward14 | €7,112 | €0 | -€4,246 | -€3,872 | -€10,038 | ▼ 159% |
| Amounts payable17/49 | €10,068 | €75,541 | €78,489 | €80,519 | €86,534 | ▲ 7.5% |
| Amounts payable after more than one year17 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Other amounts payable178/9 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Amounts payable within one year42/48 | €10,068 | €5,541 | €8,489 | €10,519 | €16,134 | ▲ 53.4% |
| Trade debts44 | €1,550 | €453 | €926 | €2,956 | €310 | ▼ 89.5% |
| Suppliers440/4 | €1,550 | €453 | €926 | €2,956 | €310 | ▼ 89.5% |
| Taxes, remuneration and social security45 | €3,435 | €4 | €0 | - | - | - |
| Taxes450/3 | €3,435 | €4 | €0 | - | - | - |
| Other amounts payable47/48 | €5,083 | €5,083 | €7,563 | €7,563 | €15,824 | ▲ 109% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,707 | -€3,738 | -€4,246 | -€2,999 | -€6,166 | ▼ 106% |
| + Depreciation and write-downs630 | €205 | €205 | €0 | - | - | - |
| Operating cash flow (approximation) | -€7,501 | -€3,533 | -€4,246 | -€2,999 | -€6,166 | ▼ 106% |
| Change in cash | - | -€19,449 | -€2,803 | -€17 | -€181 | ▼ 976% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity times 7current ratio 15.47
Current ratio from 2.36 to 15.47; short-term debt falls from €10,068 to €5,541.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Weakest financial yearnet -€7,707
Net result drops to -€7,707, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
31-12
Financial
Highest result since 2018net €13,631 ▲679%
Operating result €23,262, net result €13,631, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
Ground area
1.1 ha
Building footprint
365 m²
Volume, LiDAR
1,978 m³
Parcel 46016D0630/00C000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SGS CONSTRUCT
since 20182.276.653.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016D0630/00C000 | Flanders | 1.1 ha | 1 · 365 m² | 10.7 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 82,642 companies in sector 70200 we hold annual accounts for 52,583. 11,087 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 (pre-2019)
Founded17-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.