SINGH & SINGH

Active

Private limited companyfounded 20197 yrs activeOudergemlaan 169b, 1040 Etterbeek, BelgiumKBO/BCE: BE 0729.953.308

The computed 12-month bankruptcy probability of SINGH & SINGH is 5.8% (elevated). The 2024 annual accounts show negative equity (€-32k) and a net result of €-11k. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 26043 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

12 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-35

Solvency0=

Growth55▼-17

Track record100

Bankruptcy probability, 12 months

5.8% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.59 against 0.47 in 2023; short-term debt: 159.8% and cash: 0.8% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-59.8%

Return on assets

-20.4%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

1921222324

2019 to 2024 · latest year €-32k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

13 d late

2023

on the day

2022

25 d late

2021

86 d late

2020

110 d late

2019

89 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€100k▲ 313%

2019 · €24k

2019: €24k

2019 → 2021

EBIT margin

-38.1%▼ 17.8pp

2019 · -20.3%

2019: -20.3%

2019 → 2021

Net result

€-11k▼ 4,890%

2023 · €-218

2019: €-5k 2021: €-39k 2022: €-486 2023: €-218

2019 → 2024

Working capital

€-35k▼ 44.9%

2023 · €-24k

2019: €1k 2021: €-26k 2022: €-27k 2023: €-24k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192021202220232024Trend

Turnover€24k-€100k▲ 313%

Equity€1k-€-26k€-27k▼ 1.8%€-21k▲ 22.2%€-32k▼ 51.9%

Operating result€-5k-€-38k▼ 677%€869€3k▲ 220%€-9k

Net result€-5k-€-39k▼ 697%€-486▲ 98.8%€-218▲ 55.1%€-11k▼ 4,890%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €9k after €3k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €53k

93.9%

Fixed assets €3k=

Current assets €50k▲ 135%

Key figures and ratios

2024 value · change against 2023

Solvency

-59.8%▲

2023 · -85.5%

Current ratio

0.59▲

2023 · 0.47

Quick ratio

0.05▼

2023 · 0.06

Debt / equity

-2.67▼

2023 · -2.17

ROA

-20.4%▼

2023 · -0.9%

Debt

€85k▲

2023 · €46k

Debt ≤ 1 year

€85k▲

2023 · €46k

Staff costs

€27k▼

2023 · €28k

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€25k€53k▲

Fixed assets21/28€3k€3k=

Financial fixed assets28€3k€3k=

Current assets29/58€21k€50k▲

Stocks and contracts in progress3€19k€46k▲

Stocks30/36€19k€46k▲

Amounts receivable within one year40/41€2k€4k▲

Other amounts receivable41€2k€4k▲

Cash at bank and in hand54/58€309€435▲

Equity and liabilities

Total equity and liabilities10/49€25k€53k▲

Equity10/15€-21k€-32k▼

Contributions10/11€6k€6k=

Capital10€6k€6k=

Issued capital100€6k€6k=

Profit (loss) carried forward14€-27k€-38k▼

Amounts payable17/49€46k€85k▲

Amounts payable within one year42/48€46k€85k▲

Trade debts44€38k€56k▲

Suppliers440/4€38k€56k▲

Taxes, remuneration and social security45€8k€23k▲

Taxes450/3€117€117=

Remuneration and social security454/9€8k€23k▲

Other amounts payable47/48-€6k

Income statement Code20232024

Remuneration, social security and pensions62€28k€27k▼

Other operating charges640/8€276€283▲

Gross operating margin9900€31k€19k▼

Operating profit (loss)9901€3k€-9k▼

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€-218€-11k▼

Profit (loss) for the period9904€-218€-11k▼

Profit (loss) for the period to be appropriated9905€-218€-11k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-27k€-38k▼

Profit (loss) brought forward from the previous period14P€-27k€-27k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 1Filings 6

2025

13-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 13 days late

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

25-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 25 days late

2022

25-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 86 days late

2021

31-12

Financial Weakest financial yearnet €-39k

Net result drops to €-39k, the lowest in the series; recovery starts the following year.

18-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 110 days late

2020

28-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 89 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

12-08-2025 Resigned as Director

Location & real-estate footprint

Registered office, Etterbeek · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Oudergemlaan 169b1040 Etterbeek

Ground area

78 m²

Building footprint

78 m²

Volume, LiDAR