SGT FRERES
ActiveThe computed 12-month bankruptcy probability of SGT FRERES is 3.3% (moderate). The 2024 annual accounts show equity of €5k and a net result of €12k. Its solvency ranks better than 19% of 36377 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency21▼-79
Growth58
Stability94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.96 against 4.55 in 2023), and 83.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
16.4%
Return on assets
38.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 59.9%
2023 · €12k
2023: €12k
2023 → 2024
Total assets
€30k▲ 96.6%
2023 · €15k
2023: €15k
2023 → 2024
Net result
€12k▲ 26.4%
2023 · €9k
2023: €9k
2023 → 2024
Working capital
€-932
2023 · €10k
2023: €10k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€12k-€5k▼ 59.9%
Operating result€11k-€16k▲ 42.7%
Net result€9k-€12k▲ 26.4%
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 2024; 2024 is 43% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30k
Fixed assets
€6k▲ 251%
Current assets
€24k▲ 77.6%
Equity and liabilities €30k
Equity
€5k▼ 59.9%
Debt
€25k▲ 740%
The debt ratio rises from 19.6% to 83.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€20k▲
2023 · €12k
Cash flow
€15k▲
2023 · €10k
Solvency
16.4%▼
2023 · 80.4%
Current ratio
0.96▼
2023 · 4.55
Quick ratio
0.96▼
2023 · 4.55
Debt / equity
5.10▲
2023 · 0.24
ROE
237.5%▲
2023 · 75.3%
ROA
38.9%▼
2023 · 60.6%
Interest coverage
143.32▲
2023 · 71.85
Debt
€25k▲
2023 · €3k
Debt ≤ 1 year
€25k▲
2023 · €3k
Income taxes
€4k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€15k€30k▲
Fixed assets21/28€2k€6k▲
Tangible fixed assets22/27€2k€6k▲
Furniture and vehicles24€2k€6k▲
Current assets29/58€13k€24k▲
Amounts receivable within one year40/41€5k€21k▲
Trade receivables40€3k€9k▲
Other amounts receivable41€2k€12k▲
Cash at bank and in hand54/58€8k€2k▼
Deferred charges and accrued income490/1€583€1k▲
Equity and liabilities
Total equity and liabilities10/49€15k€30k▲
Equity10/15€12k€5k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€9k€2k▼
Amounts payable17/49€3k€25k▲
Amounts payable within one year42/48€3k€25k▲
Trade debts44€43€8k▲
Suppliers440/4€43€8k▲
Taxes, remuneration and social security45€2k€13k▲
Taxes450/3€2k€13k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€617€4k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€849€4k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€13k€21k▲
Operating profit (loss)9901€11k€16k▲
Financial income75/76B€593€6▼
Recurring financial income75€593€6▼
Financial charges65/66B€165€137▼
Recurring financial charges65€165€137▼
Profit (loss) for the period before taxes9903€11k€16k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€21k▲
Profit (loss) brought forward from the previous period14P-€9k
Profit to be distributed694/7-€19k
Return on contributions (dividend)694-€19k
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Blégny · 1 establishment unit since 2022
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.
Rue Bouhouille 904671 BlégnyGround area
1,309 m²
Building footprint
148 m²
Volume, LiDAR
1,417 m³
Parcel 62056A0042/00N000, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SGT FRERES
since 20222.334.220.272
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62056A0042/00N000 | Wallonia | 1,309 m² | 1 · 148 m² | 11.4 m · 3 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.
Similar companies · same sector, comparable size
BUILDING SERVICE
BE 0888.971.346
Sint-Gillis (bij-Brussel) · Eq €5k
TIDA
BE 0891.452.071
Putte · Eq €5k
KERABO
BE 0777.616.435
Hulshout · Eq €5k
ARTIDESIGN
BE 0766.430.949
Ottignies-Louvain-la-Neuve · Eq €5k
H&M PLAFONNAGE
BE 0771.360.430
Ecaussinnes · Eq €5k
Of 15,430 companies in sector 43990 we hold annual accounts for 7,352. 2,658 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-08-2022
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
43310Plastering work
43320Joinery installation
43343Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.