SIA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SIA CONSTRUCT is 4.4% (elevated). The 2025 annual accounts show equity of €8k and a net result of €753. Its solvency ranks better than 92% of 7838 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-42
Solvency100▲+27
Growth52
Track record82
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 7.31 against 1.9 in 2024; short-term debt: 13.4% and cash: 25.3% of total assets), and 13.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
86.6%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
18 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8k▲ 10.4%
2024 · €7k
2024: €7k
2025: €8k▲ +10.4% vs 2024
2024 → 2025
Total assets
€9k▼ 38.9%
2024 · €15k
2024: €15k
2025: €9k▼ -38.9% vs 2024
2024 → 2025
Net result
€753▼ 82.2%
2024 · €4k
2024: €4k
2025: €753▼ -82.2% vs 2024
2024 → 2025
Working capital
€8k▲ 10.7%
2024 · €7k
2024: €7k
2025: €8k▲ +10.7% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€7k-€8k▲ 10.4%
2024: €7k
2025: €8k▲ +10.4% vs 2024
Operating result€5k-€1k▼ 75.9%
2024: €5k
2025: €1k▼ -75.9% vs 2024
Net result€4k-€753▼ 82.2%
2024: €4k
2025: €753▼ -82.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€185 =
Current assets
€9k ▼ 39.4%
Equity and liabilities €9k
Equity
€8k ▲ 10.4%
Debt
€1k ▼ 84.3%
Debt's share of the balance-sheet total falls from 52.1% to 13.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
7.31▲
2024 · 1.90
Debt to equity
0.15▼
2024 · 1.09
ROE
9.4%▼
2024 · 58.5%
ROA
8.2%▼
2024 · 28.1%
Debt ≤ 1 year
€1k▼
2024 · €8k
Income taxes
€336▼
2024 · €1k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15k€9k▼
Fixed assets21/28€185€185=
Financial fixed assets28€185€185=
Current assets29/58€15k€9k▼
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€8k€4k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€15k€9k▼
Equity10/15€7k€8k▲
Contributions10/11€3k€3k=
Capital10€3k€3k=
Issued capital100€3k€3k=
Reserves13€300€300=
Non-distributable reserves130/1€300€300=
Legal reserve130€300€300=
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€8k€1k▼
Amounts payable within one year42/48€8k€1k▼
Trade debts44€245€265▲
Suppliers440/4€245€265▲
Taxes, remuneration and social security45€1k€251▼
Taxes450/3€1k€251▼
Other amounts payable47/48€7k€721▼
Income statement
Code20242025
Other operating charges640/8€405€400▼
Gross operating margin9900€6k€2k▼
Operating profit (loss)9901€5k€1k▼
Financial income75/76B€4-
Recurring financial income75€4-
Financial charges65/66B€60€199▲
Recurring financial charges65€60€199▲
Profit (loss) for the period before taxes9903€5k€1k▼
Income taxes67/77€1k€336▼
Profit (loss) for the period9904€4k€753▼
Profit (loss) for the period to be appropriated9905€4k€753▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€5k▲
Profit (loss) brought forward from the previous period14P-€4k
Transfer to equity691/2€300-
To the legal reserve6920€300-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €405 | €400 | ▼ 1.2% |
| Gross operating margin9900 | €6k | €2k | ▼ 70.7% |
| Operating profit (loss)9901 | €5k | €1k | ▼ 75.9% |
| Financial income75/76B | €4 | - | - |
| Recurring financial income75 | €4 | - | - |
| Financial charges65/66B | €60 | €199 | ▲ 232% |
| Recurring financial charges65 | €60 | €199 | ▲ 232% |
| Profit (loss) for the period before taxes9903 | €5k | €1k | ▼ 79.4% |
| Income taxes67/77 | €1k | €336 | ▼ 68.2% |
| Profit (loss) for the period9904 | €4k | €753 | ▼ 82.2% |
| Profit (loss) for the period to be appropriated9905 | €4k | €753 | ▼ 82.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €15k | €9k | ▼ 38.9% |
| Fixed assets21/28 | €185 | €185 | = |
| Financial fixed assets28 | €185 | €185 | = |
| Current assets29/58 | €15k | €9k | ▼ 39.4% |
| Amounts receivable within one year40/41 | €11k | €7k | ▼ 38.0% |
| Trade receivables40 | €8k | €4k | ▼ 48.6% |
| Other amounts receivable41 | €3k | €3k | ▼ 10.7% |
| Cash at bank and in hand54/58 | €4k | €2k | ▼ 43.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €15k | €9k | ▼ 38.9% |
| Equity10/15 | €7k | €8k | ▲ 10.4% |
| Contributions10/11 | €3k | €3k | = |
| Capital10 | €3k | €3k | = |
| Issued capital100 | €3k | €3k | = |
| Reserves13 | €300 | €300 | = |
| Non-distributable reserves130/1 | €300 | €300 | = |
| Legal reserve130 | €300 | €300 | = |
| Profit (loss) carried forward14 | €4k | €5k | ▲ 19.1% |
| Amounts payable17/49 | €8k | €1k | ▼ 84.3% |
| Amounts payable within one year42/48 | €8k | €1k | ▼ 84.3% |
| Trade debts44 | €245 | €265 | ▲ 8.2% |
| Suppliers440/4 | €245 | €265 | ▲ 8.2% |
| Taxes, remuneration and social security45 | €1k | €251 | ▼ 76.3% |
| Taxes450/3 | €1k | €251 | ▼ 76.3% |
| Other amounts payable47/48 | €7k | €721 | ▼ 89.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €753 | ▼ 82.2% |
| Operating cash flow (approximation) | €4k | €753 | ▼ 82.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-2k | - |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 7.31
Current ratio from 1.90 to 7.31; short-term debt falls from €8k to €1k.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 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, Anderlecht
Ground area
728 m²
Building footprint
74 m²
Volume, LiDAR
558 m³
Parcel 21308H0143/00W000, Brussels · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0143/00W000 | Brussels | 728 m² | 1 · 74 m² | 10.4 m · 3 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.
Similar companies · same sector, comparable size
Ursa Construct
BE 0765.983.561
Stabroek · Eq €7,978
DUVAN
BE 0876.488.535
Ronse · Eq €7,967
DE BAERE TJENDO
BE 0762.490.076
Aalter · Eq €7,964
IZTEC
BE 0478.499.713
Antwerpen · Eq €8,017
Kotai Design
BE 1002.034.942
Elsene · Eq €7,952
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 3,621 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
Founded25-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.