SIF Construct
ActiveSummary
SIF Construct has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320 and a net result of €11,075, of which €22,552 non-recurring income. Equity has been shrinking by about 43% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 55% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-05-2011 Normal situation
- Registered office
- 129 active companies are registered at this address 15 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Real estate agency activities NACE 68310and 3 others
- Establishment unit
- 2.199.695.427 9320 Aalst, since 13-05-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 14-04-2026
Board and ownership
- PetrixDirector · since 04-07-2025 · permanent representative Peter Temmerman
- ALIMAXDirector · permanent representative SABBE Ivan Thomas Marie Christian Godfried
- BILXMODirector · permanent representative BILLIET Christophe Jan Jozef
- NOAL100%· score 9230-09-2025 annual accounts of NOAL
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €11,703
- Turnover
- ≈ €50,000
- estimated
- Profit
- €11,075
- Equity
- €320
- Total assets
- €911
- ▼ 98.7%
Score breakdownlowers riskLiquidity: current ratio 1.54, cash €911, halvedFounded in 2011Figures for financial year 2025 (filed on 09-07-2026)Size: total assets €911Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 53% of them on solvency, 77% on liquidity, 95% on profitability and 92% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 15 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €11,255, after a loss of €2,961 in 2024. It is the highest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as SIF Construct: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1,430 and €3,940, founded between 2001 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| SIF Construct Roeselare | 2011 | €911 | €320 | €11,703 | €11,075 | 2025 |
| Valorisation Immobilière et Expertises Sint-Agatha-Berchem | 2012 | €1,433 | -€181,093 | €11,816 | €10,562 | 2025 |
| ECONHOMIC Boussu | 2001 | €1,542 | €476 | €14,116 | €12,212 | 2025 |
| IMMO DELUXE Oudergem | 2007 | €2,547 | -€85,341 | €18,543 | €17,681 | 2025 |
| Level C Antwerpen | 2012 | €3,141 | -€152,469 | €14,744 | -€42,589 | 2025 |
| IMM-O Oostende | 2019 | €2,486 | €869 | €4,037 | €3,824 | 2025 |
| A & K PARTNERS Merchtem | 2007 | €3,939 | €1,142 | €13,484 | €12,253 | 2025 |
They were chosen from the 7,155 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as SIF Construct has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SIF Construct itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for SIF Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €22,552 | - |
| Other operating charges640/8 | - | - | - | €1,176 | €469 | €516 | €528 | €448 | ▼ 15.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €10,120 | €0 | - | - |
| Gross operating margin9900 | €2,777 | €30,866 | -€2,061 | €1,372 | -€2,116 | -€2,252 | -€2,433 | €11,703 | - |
| Operating profit (loss)9901 | €2,417 | €30,028 | -€2,541 | €196 | -€2,585 | -€12,888 | -€2,961 | €11,255 | - |
| Financial income75/76B | - | - | - | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €263 | - | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €175 | €126 | €140 | €180 | €180 | = |
| Recurring financial charges65 | €2,355 | €30,303 | €6,323 | €175 | €126 | €140 | €180 | €180 | = |
| Profit (loss) for the period before taxes9903 | €62 | -€275 | -€8,602 | €21 | -€2,711 | -€13,028 | -€3,141 | €11,075 | - |
| Income taxes67/77 | €19 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €42 | -€275 | -€8,602 | €21 | -€2,711 | -€13,028 | -€3,141 | €11,075 | - |
| Profit (loss) for the period to be appropriated9905 | €42 | -€275 | -€8,602 | €21 | -€2,711 | -€13,028 | -€3,141 | €11,075 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €83,299 | €883,764 | €590,040 | €68,311 | €75,635 | €72,607 | €69,864 | €911 | ▼ 98.7% |
| Current assets29/58 | €83,299 | €883,764 | €590,040 | €68,311 | €75,635 | €72,607 | €69,864 | €911 | ▼ 98.7% |
| Stocks and contracts in progress3 | €40,650 | €19,000 | - | €57,400 | €57,400 | €57,400 | €57,400 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €57,400 | €57,400 | €57,400 | €57,400 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €7,548 | €165,316 | €1,002 | €1,738 | €137 | €2,522 | €3,003 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €1,738 | €137 | €2,522 | €3,003 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €35,101 | €699,448 | €589,038 | €9,173 | €18,098 | €12,685 | €9,460 | €911 | ▼ 90.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €83,299 | €883,764 | €590,040 | €68,311 | €75,635 | €72,607 | €69,864 | €911 | ▼ 98.7% |
| Equity10/15 | €16,982 | €16,707 | €8,105 | €8,126 | €5,415 | -€7,614 | -€10,755 | €320 | - |
| Contributions10/11 | €80,000 | €80,000 | - | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Profit (loss) carried forward14 | -€63,018 | -€63,293 | -€71,895 | -€71,874 | -€74,585 | -€87,614 | -€90,755 | -€79,680 | ▲ 12.2% |
| Amounts payable17/49 | €66,317 | €867,057 | €581,935 | €60,185 | €70,220 | €80,220 | €80,618 | €591 | ▼ 99.3% |
| Amounts payable within one year42/48 | €63,984 | €867,057 | €581,935 | €60,185 | €70,220 | €80,220 | €80,618 | €591 | ▼ 99.3% |
| Trade debts44 | €4,785 | - | €26,970 | €315 | €350 | €350 | €748 | €591 | ▼ 21.1% |
| Suppliers440/4 | - | - | - | €315 | €350 | €350 | €748 | €591 | ▼ 21.1% |
| Other amounts payable47/48 | - | - | - | €59,870 | €69,870 | €79,870 | €79,870 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42 | -€275 | -€8,602 | €21 | -€2,711 | -€13,028 | -€3,141 | €11,075 | - |
| Operating cash flow (approximation) | €42 | -€275 | -€8,602 | €21 | -€2,711 | -€13,028 | -€3,141 | €11,075 | - |
| Change in cash | - | €664,347 | -€110,410 | -€579,864 | €8,925 | -€5,413 | -€3,225 | -€8,549 | ▼ 165% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00281248 | NBB |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00210073 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00298250 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00442576 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20428065 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66400463 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55800074 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-55700437 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-32500496 | |
| 31-12-2016 | micro format | 29-11-2017 | 2017-71100253 |
Board & ownership
Directors
Board 5
Permanent representatives 5
Owners and capital
Shareholders
1 ownerChain of control
- NOAL
- SIF Construct
Owners 1
- NOALparentSourceaccounts NOAL 30-09-2025Equity €5.3m Profit of €38,136 in 2025 (profit of €676,839 in 2024) Checked score 92100%
Capital transactions
- 14-09-2026 Converted to unavailable equity
- 14-09-2026 Converted to uncalled contributions
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Petrix |
|
| ALIMAX |
|
| BILXMO |
|
| Langenaken Constructive Consultancy |
|
| VANDERDONCKT BART |
|
| JEAN ALAN INVEST |
|
| KNAP Project |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Alle bevoegdheden, behoudens de bevoegdheden die krachtens de wet en/of de statuten expliciet zijn voorbehouden aan de algemene vergadering…”“Geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten, indien bezoldigd, bepaalt de algemene…”
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- “Algemene vergadering bepaalt aanwending van jaarlijkse nettowinst, voorstel van bestuursorgaan”
Articles of association, deed of 14-09-2026 (in Dutch)
Network & group
Companies at the same address
128 other companies- Jack & Troy Group Registered office · since 2026 1040909473
- Altior Group Registered office · since 2026 1039850787
- Atlantic Horizon Partners Registered office · since 2026 1037625628
- Atlantic Horizon Partners Privak Registered office · since 2026 1037529123
- STEENOVEN INVESTMENT FUND Registered office · since 2026 1036983349
- Auxesia Group Registered office · since 2026 1036704722
- Arbor & Vane Registered office · since 2026 1036647809
- THE COCKTAIL CLUB Registered office · since 2026 1033776213
- Asian Horizon Partners Registered office · since 2026 1033390092
- Asian Horizon Partners Privak Registered office · since 2026 1033151057
Connections & network
29 connected companiesShow 25 more companies with a shared director
Timeline
Acts, filings and financial milestones
14-09
Gazette deed
Company renamed from VIVA PROJECTS to SIF ConstructAppointments: ALIMAX bv, BILXMO bv and 2 others · Permanent representatives: SABBE Ivan Thomas Marie Christian Godfried, BILLIET Christophe Jan Jozef and 2 others · Purpose change25 points ▸
- General meeting, 10-09-2026
- Name change, SIF Construct
- Purpose change
- Legal-form conversion, “behouden, Besloten vennootschap met beperkte aansprakelijkheid” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Board rule, 5, “algemene vergadering bepaalt aantal bestuurders op vijf” (deed in Dutch)
- Director appointment, ALIMAX bv (class B director)
- Permanent representative, SABBE Ivan Thomas Marie Christian Godfried
- Director appointment, BILXMO bv (bestuurder klasse c)
- The act holds 13 more points.
04-09
Gazette deed
Registered office moved from Aalst to RoeselareResignations: NV KNAP Project (director) and NV JEAN ALAN INVEST (director) · Permanent representatives: Peter Temmerman and Hilde De Laet · Appointment: BV Petrix (director)11 points ▸
- General meeting, 04-07-2025
- Director resignation, NV KNAP Project (director (not named in the articles))
- Permanent representative, Peter Temmerman, mentioned 2 times in the deed
- Director discharge, NV KNAP Project
- Director resignation, NV JEAN ALAN INVEST (director (not named in the articles))
- Permanent representative, Hilde De Laet
- Director discharge, NV JEAN ALAN INVEST
- Director appointment, BV Petrix (director (not named in the articles))
- Power of attorney, NV TITECA ACCOUNTANCY
- Board meeting, 04-07-2025
- Registered-office move, Kwadestraat 155 bus 12.1, 8800 Roeselare
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
14 activities
- Alle immobiliaire operaties of ermee verband houdende verrichtingen met name: de aankoop, verkoop, ruiling, het bouwen, het laten bouwen, afbraakwerken, het huren, verhuren, ter beschikking stellen van gebouwen en gronden, de omvorming of ombouwing en valorisatie van onroerende goederen, in voorkomend geval door middel van lotissering, verkaveling, nieuwbouw, heropbouw of verbouwing, alle activiteiten van makelaar in onroerende goederen; het beheer van alle roerende en onroerende goederen, onder meer het opstellen van huurcontracten, opmaken van plaatsbeschrijving, inventariëren van meubilair, het vervullen van de functie van syndicus, het opmaken van schattingen en expertises, opmaken van projecten, bouwbegeleiding, enzovoort
- De aanneming en de uitvoering van alle openbare en private bouwwerken, alle onderaannemingen, afwerkingen en voltooiingswerken en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks met het bouwvak in betrekking staan alsmede het fabriceren, de aankoop, verkoop, de consignatie, de vertegenwoordiging en commissiehandel van alle bouwmaterialen, grondstoffen en artikelen die bij het bouwen tussenkomen
- De coördinatie, de opvolging en het beheer van activiteiten en projecten zoals bepaald in punt 1 en 2.
- Het optreden als tussenpersoon in de handel, dit in de ruimste zin van het woord
- Het verstrekken van operationeel, financieel en intellectueel advies betreffende de commerciële organisatie en uitbating van productiebedrijven of dienstverlenende ondernemingen
- Het verlenen van commercieel advies betreffende de marketing van producten van productie of dienstverlenende ondernemingen
- Het verlenen van administratief, financieel en managementadvies betreffende het bestuur van diverse ondernemingen in de meest ruime zin van het woord
- Het bestuur waarnemen van andere vennootschappen of ondernemingen en daarvoor vergoedingen ontvangen
- Het beheren van bedrijfsruimtes en een onroerend patrimonium, het valoriseren van dit patrimonium door het stellen van alle bestuursdaden onder meer aankoop, verkoop, verhuren, in huur nemen, ruilen, oprichting, laten uitvoeren van bouwwerken en het ter beschikking stellen ervan, dit alles in de ruimste zin
- Het beheren van een roerend patrimonium inzonderheid van het verwerven en verhandelen van effecten, de participatie in andere vennootschappen en/of ondernemingen, het stellen van zakelijke of persoonlijke waarborgen in het voordeel van derden
- Het verwerven van licenties, brevetten en octrooien, alle rechten op knowhow en ontwikkelde procedés
- De vennootschap mag zich borgstellen of zakelijke zekerheden verstrekken ten voordele van derden of ondernemingen of vennootschappen waarin zij belangen bezit als mede-eigenaar, vennoot, schuldeiser of op andere wijze
- Zij mag op welke wijze ook betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk, een gelijkaardig of samenhangend voorwerp hebben of die de ontwikkeling van haar onderneming kunnen bevorderen
- De vennootschap mag alle verrichtingen uitvoeren in België of in het buitenland, voor eigen rekening en voor rekening van derden, dit alles in de meest uitgebreide zin. De vennootschap zal haar voorwerp op alle plaatsen, zowel in België als in het buitenland mogen nastreven, op alle wijzen en volgens de modaliteiten die haar het best geschikt voorkomen. Zij mag onder meer en zonder dat de navolgende opsomming beperkend is, alle industriële, commerciële, financiële, burgerlijke, roerende en onroerende handelingen verrichten die rechtstreeks of onrechtstreeks met haar voorwerp in verband staan of de verwezenlijking ervan kunnen vergemakkelijken, zich door vereniging, inbreng of fusie, inschrijvingen, participaties, financiële tussenkomst of op het even welke wijze interesseren in alle bestaande of op te richten vennootschappen waarvan het voorwerp hetzelfde of verwant aan het hare zou zijn of die haar bedrijvigheid in de hand zouden kunnen werken of bevorderen en uitbreiden, en er het bestuur van voeren. Zij zal belangen mogen opnemen in alle bestaande of in het leven te roepen vennootschappen en ondernemingen in België of in het buitenland, waarvan het voorwerp gelijkaardig of gelijkgesteld aan het hare zou zijn, en dit bij middel van inbreng, versmelting, onderschrijving, deelnemen, financiële tussenkomst of anderszins.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36017A1278/00X003 | Flanders | 7,646 m² | 1 · 828 m² | 0.6 m |
| 41014A0386/00H000 | Flanders | 2,465 m² | 1 · 194 m² | - |