SJ construct

Active

Private limited companyfounded 20206 yrs activeBaliekouter(Wak) 7, 8720 Dentergem, BelgiumKBO/BCE: BE 0751.668.836

Summary

SJ construct has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €182,942 and a net result of €104,793. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 1910 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Risk analysis Watch Report Compare

SJ constructActiveChecked score 70/100

Risk analysis Report Compare

Checked score

Score 2025

70 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability99▲+5

Solvency67▼-11

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

1.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €12,000 at 30 days acceptable

Liquidity ample (current ratio 1.69 against 1.96 in 2024; short-term debt: 56.1% and cash: 61.6% of total assets), but 57.6% of the assets are financed with debt.

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Signals

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

−lowers risk+raises risk○neutral

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 sector

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

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Manufacture of fabricated metal products, except machinery and equipment (NACE 25)

about 50% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

42.4%

Return on assets

24.3%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

128 d early

2024

70 d early

2023

65 d early

2022

157 d early

2021

54 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 95 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

26-09-2026 today31-12-2026 close31-07-2027 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

History

On 31 July 2020, SJ construct was incorporated as a Private limited company.¹ Total assets went from EUR 173,407 in 2021 to EUR 431,759 in 2025.²

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Financials · fiscal year 2025, micro schema

Equity

€182,942=

2024 · €182,942

Total assets

€431,759▲ 24.4%

2024 · €347,092

Net result

€104,793▲ 48.5%

2024 · €70,581

Working capital

€168,326▲ 7.8%

2024 · €156,078

Trend over the years

Chart Table

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€141,234-€116,798▼ 17.3%€65,445▼ 44.0%€93,009▲ 42.1%€144,977▲ 55.9%

Net result€99,288-€84,354▼ 15.0%€49,947▼ 40.8%€70,581▲ 41.3%€104,793▲ 48.5%

Equity€100,188-€182,942▲ 82.6%€231,289▲ 26.4%€182,942▼ 20.9%€182,942=

Total assets€173,407-€245,656▲ 41.7%€284,809▲ 15.9%€347,092▲ 21.9%€431,759▲ 24.4%

Debt€73,219-€62,714▼ 14.3%€53,521▼ 14.7%€164,150▲ 207%€248,818▲ 51.6%

Working capital€89,906-€133,389▲ 48.4%€189,804▲ 42.3%€156,078▼ 17.8%€168,326▲ 7.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 56% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €431,759

95.1%

Fixed assets €21,058 ▼ 25.8%

Current assets €410,701 ▲ 28.9%

Equity and liabilities €431,759

42.4%

57.6%

Equity €182,942 =

Debt €248,818 ▲ 51.6%

Debt's share of the balance-sheet total rises from 47.3% to 57.6%. Debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€153,707▲

2024 · €112,547

Cash flow

€113,523▲

2024 · €90,118

Current ratio

1.69▼

2024 · 1.96

Debt to equity

1.36▲

2024 · 0.90

ROE

57.3%▲

2024 · 38.6%

ROA

24.3%▲

2024 · 20.3%

Interest coverage

21.89▼

2024 · 25.18

Debt ≤ 1 year

€242,375▲

2024 · €162,643

Income taxes

€36,522▲

2024 · €18,288

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines

Balance sheet Code20242025

Assets

Total assets20/58€347,092€431,759▲

Fixed assets21/28€28,371€21,058▼

Tangible fixed assets22/27€28,371€21,058▼

Land and buildings22€1,596€1,258▼

Plant, machinery and equipment23€1,478€528▼

Furniture and vehicles24€25,297€19,272▼

Current assets29/58€318,721€410,701▲

Amounts receivable within one year40/41€28,685€14,465▼

Trade receivables40€21,973€8,272▼

Other amounts receivable41€6,712€6,193▼

Current investments50/53€129,971€129,971=

Cash at bank and in hand54/58€159,810€265,975▲

Deferred charges and accrued income490/1€255€290▲

Equity and liabilities

Total equity and liabilities10/49€347,092€431,759▲

Equity10/15€182,942€182,942=

Contributions10/11€2,500€2,500=

Reserves13€180,442€180,442=

Distributable reserves133€180,442€180,442=

Amounts payable17/49€164,150€248,818▲

Amounts payable within one year42/48€162,643€242,375▲

Trade debts44€10,450€3,614▼

Suppliers440/4€10,450€3,614▼

Advances received on contracts in progress46-€182

Taxes, remuneration and social security45€3,358€2,561▼

Taxes450/3€3,358€2,561▼

Other amounts payable47/48€148,835€236,018▲

Accrued charges and deferred income492/3€1,507€6,443▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,538€8,730▼

Other operating charges640/8€843€543▼

Non-recurring operating charges66A-€3,867

Gross operating margin9900€113,390€158,117▲

Operating profit (loss)9901€93,009€144,977▲

Financial income75/76B€329€3,361▲

Recurring financial income75€329€3,361▲

Financial charges65/66B€4,469€7,022▲

Recurring financial charges65€4,469€7,022▲

Profit (loss) for the period before taxes9903€88,869€141,315▲

Income taxes67/77€18,288€36,522▲

Profit (loss) for the period9904€70,581€104,793▲

Profit (loss) for the period to be appropriated9905€70,581€104,793▲

Appropriation of the result

Profit (loss) to be appropriated9906€118,928€104,793▼

Profit (loss) brought forward from the previous period14P€48,347-

Profit to be distributed694/7€118,928€104,793▼

Return on contributions (dividend)694€118,928€104,793▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€20,512	€17,096	€21,538	€19,538	€8,730	▼ 55.3%
Other operating charges640/8	€271	€486	€931	€843	€543	▼ 35.6%
Non-recurring operating charges66A	-	-	-	-	€3,867	-
Gross operating margin9900	€162,017	€134,380	€87,914	€113,390	€158,117	▲ 39.4%
Operating profit (loss)9901	€141,234	€116,798	€65,445	€93,009	€144,977	▲ 55.9%
Financial income75/76B	€102	€109	€303	€329	€3,361	▲ 922%
Recurring financial income75	€102	€109	€303	€329	€3,361	▲ 922%
Financial charges65/66B	€2,407	€1,886	€2,638	€4,469	€7,022	▲ 57.1%
Recurring financial charges65	€2,407	€1,886	€2,638	€4,469	€7,022	▲ 57.1%
Profit (loss) for the period before taxes9903	€138,929	€115,021	€63,111	€88,869	€141,315	▲ 59.0%
Income taxes67/77	€39,641	€30,668	€13,164	€18,288	€36,522	▲ 99.7%
Profit (loss) for the period9904	€99,288	€84,354	€49,947	€70,581	€104,793	▲ 48.5%
Profit (loss) for the period to be appropriated9905	€99,288	€84,354	€49,947	€70,581	€104,793	▲ 48.5%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€173,407	€245,656	€284,809	€347,092	€431,759	▲ 24.4%
Fixed assets21/28	€47,349	€63,891	€42,197	€28,371	€21,058	▼ 25.8%
Intangible fixed assets21	€1	€0	€0	-	-	-
Tangible fixed assets22/27	€47,348	€63,891	€42,197	€28,371	€21,058	▼ 25.8%
Land and buildings22	-	-	-	€1,596	€1,258	▼ 21.2%
Plant, machinery and equipment23	€40,280	€26,269	€13,230	€1,478	€528	▼ 64.3%
Furniture and vehicles24	€7,068	€37,622	€28,966	€25,297	€19,272	▼ 23.8%
Current assets29/58	€126,058	€181,764	€242,613	€318,721	€410,701	▲ 28.9%
Amounts receivable within one year40/41	€15,650	€37,408	€25,678	€28,685	€14,465	▼ 49.6%
Trade receivables40	€15,650	€28,774	€8,309	€21,973	€8,272	▼ 62.4%
Other amounts receivable41	-	€8,634	€17,369	€6,712	€6,193	▼ 7.7%
Current investments50/53	-	-	-	€129,971	€129,971	=
Cash at bank and in hand54/58	€110,057	€143,960	€216,702	€159,810	€265,975	▲ 66.4%
Deferred charges and accrued income490/1	€351	€397	€233	€255	€290	▲ 13.7%
Equity and liabilities
Total equity and liabilities10/49	€173,407	€245,656	€284,809	€347,092	€431,759	▲ 24.4%
Equity10/15	€100,188	€182,942	€231,289	€182,942	€182,942	=
Contributions10/11	€2,500	€2,500	€2,500	€2,500	€2,500	=
Reserves13	€97,688	€180,442	€180,442	€180,442	€180,442	=
Distributable reserves133	€97,688	€180,442	€180,442	€180,442	€180,442	=
Profit (loss) carried forward14	-	-	€48,347	-	-	-
Amounts payable17/49	€73,219	€62,714	€53,521	€164,150	€248,818	▲ 51.6%
Amounts payable after more than one year17	€25,026	€12,690	-	-	-	-
Financial debts170/4	€25,026	€12,690	-	-	-	-
Amounts payable within one year42/48	€36,152	€48,376	€52,809	€162,643	€242,375	▲ 49.0%
Current portion of amounts payable after more than one year42	€11,990	€12,335	€12,690	-	-	-
Trade debts44	€1,017	€2,485	€12,912	€10,450	€3,614	▼ 65.4%
Suppliers440/4	€1,017	€2,485	€12,912	€10,450	€3,614	▼ 65.4%
Advances received on contracts in progress46	-	-	-	-	€182	-
Taxes, remuneration and social security45	€21,293	€18,293	€1,823	€3,358	€2,561	▼ 23.7%
Taxes450/3	€21,293	€18,293	€1,823	€3,358	€2,561	▼ 23.7%
Other amounts payable47/48	€1,851	€15,262	€25,384	€148,835	€236,018	▲ 58.6%
Accrued charges and deferred income492/3	€12,041	€1,648	€712	€1,507	€6,443	▲ 327%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€99,288	€84,354	€49,947	€70,581	€104,793	▲ 48.5%
+ Depreciation and write-downs630	€20,512	€17,096	€21,538	€19,538	€8,730	▼ 55.3%
Operating cash flow (approximation)	€119,800	€101,449	€71,485	€90,118	€113,523	▲ 26.0%
Investment in fixed assets (approximation)	-	-€33,639	€157	-€5,712	-€1,417	▲ 75.2%
Change in cash	-	€33,903	€72,742	-€56,893	€106,165	▲ 287%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2021net €104,793 ▲48.5%

Operating result €144,977, net result €104,793, both a record.

22-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €49,947 ▼40.8%

Net result drops to €49,947, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €200,000Eq €231,289 ▲26.4%

3 profitable years in a row build equity to €231,289.

24-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €150,000Eq €182,942 ▲82.6%

2 profitable years in a row build equity to €182,942.

07-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

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, Dentergem · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

881 m²

Building footprint

144 m²

Volume, LiDAR

787 m³

Parcel 37016B0769/02F000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SJ construct

Baliekouter(Wak) 7, 8720 DentergemManufacture of metal structures and parts of structures

since 20202.305.278.442

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37016B0769/02F000	Flanders	881 m²	1 · 144 m²	8.0 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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 228 EUR awarded · 228 EUR paid

Year	Entries	awarded	paid
2023	1	228 EUR	228 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 228 EUR · 228 EUR paid · Fonds voor Innoveren en Ondernemen

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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,663 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

Founded31-07-2020

Fiscal year end31-12

Activities, NACEBEL 2025

25110Manufacture of metal structures and parts of structures

E-invoicing

Reachable via Peppol

Peppol ID 0208:0751668836

Also 9925:BE0751668836

Registered 30-01-2025

Scores and ratios are computed by Checked and are not a credit decision.