Equity
SJ-TECH has made a profit in every financial year since 2023.
SJ-TECH has made a profit in every financial year since 2023.
The micro format states no turnover.
SJ-TECH pays its suppliers 41 days later than in 2024.
Short-term debts fell from €36,289 to €30,724.
The 2023 accounts came latest: 66 days after the end of the period.
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 46% of them on solvency, 83% on liquidity, 40% on profitability and 37% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
In July 2024, 2,546 companies had the same profile as SJ-TECH has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SJ-TECH itself: 2.5% within 12 months.
The method was tested on the 497,447 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 2,546 companies, not a prediction for SJ-TECH. 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.
Liquidity is ample, with a current ratio of 2.06 (1.38 in 2024), above the usual 1.5. Short-term debt is 28.8% and cash 33% of total assets. However, 61.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 34 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SJ-TECH Berlare | €106,865 | €21,874 | 38.2% | - |
| DECO PRO & FILS Beersel | €85,545 | €22,811 | 76.6% | - |
| MV CONSTRUCT Avelgem | €80,963 | €21,783 | -7.9% | - |
| DELAERE JOHAN Bredene | €104,908 | €24,954 | 28.4% | - |
| VD-Bouw Jodoigne | €93,092 | €21,514 | 14.0% | - |
| BELGAMO Dilbeek | €85,775 | €24,881 | 48.5% | - |
| FUTURE CHANGES Wemmel | €132,987 | €17,268 | 17.5% | - |
These companies have the same main activity as SJ-TECH: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €81,000 and €133,000, founded between 2022 and 2023.
SJ-TECH files the micro format. That format states no turnover. The gross margin rose from €13,126 in 2023 to €21,874 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €140,000 and €490,000.
Higher than 45% of 9,462 companies in 2025.
Higher than 59% of 9,210 companies in 2025.
Higher than 26% of 9,282 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
106,865 | 112,594 | 34,226 | |
21/28 |
43,648 | 62,606 | - | |
22/27 |
43,648 | 62,606 | - | |
23 |
1,948 | 3,598 | - | |
24 |
15,278 | 25,838 | - | |
25 |
26,422 | 33,171 | - | |
29/58 |
63,217 | 49,987 | 34,226 | |
40/41 |
27,899 | 31,427 | 21,752 | |
40 |
5,948 | 21,907 | 19,172 | |
41 |
21,952 | 9,519 | 2,580 | |
54/58 |
35,318 | 18,561 | 12,474 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
106,865 | 112,594 | 34,226 | |
10/15 |
40,797 | 40,511 | 24,782 | |
10/11 |
15,000 | 15,000 | 15,000 | |
14 |
25,797 | 25,511 | 9,782 | |
17/49 |
66,068 | 72,082 | 9,444 | |
17 |
35,344 | 35,793 | - | |
170/4 |
35,344 | 35,793 | - | |
42/48 |
30,724 | 36,289 | 9,444 | |
42 |
1,663 | 11,914 | - | |
44 |
17,314 | 4,483 | 351 | |
440/4 |
17,314 | 4,483 | 351 | |
45 |
11,747 | 19,892 | 9,093 | |
450/3 |
5,067 | 9,380 | 4,461 | |
454/9 |
6,680 | 10,513 | 4,632 | |
| Income statement | ||||
9900 |
21,874 | 31,819 | 13,126 | |
60/61 |
119,358 | 139,562 | 21,887 | |
62 |
- | 3,447 | - | |
630 |
18,959 | 8,137 | - | |
640/8 |
474 | 180 | 58 | |
66A |
509 | - | - | |
9901 |
1,933 | 20,054 | 13,068 | |
65/66B |
1,576 | 716 | 25 | |
65 |
1,576 | 716 | 25 | |
9903 |
357 | 19,337 | 13,043 | |
67/77 |
71 | 3,608 | 3,261 | |
9904 |
285 | 15,729 | 9,782 | |
9905 |
285 | 15,729 | 9,782 | |
| Appropriation of the result | ||||
9906 |
25,797 | 25,511 | 9,782 | |
14P |
25,511 | 9,782 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 20,892 | 28,191 | - | ||
| 19,244 | 23,867 | - | ||
| 0 | 70,744 | - | ||
| 16,757 | 6,087 | - | ||
| 32,493 | 13,698 | 24,782 | ||
| 38.2% | 36.0% | 72.4% | ||
| 2.06 | 1.38 | 3.62 | ||
| 1.62 | 1.78 | 0.38 | ||
| 0.7% | 38.8% | 39.5% | ||
| 0.3% | 14.0% | 28.6% | ||
| 13.26 | 39.35 | - | ||
| 53 days | 12 days | 6 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €70,744 | - |
| €18,959 | €8,137 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 90% lower than in 2024 and the lowest since 2023.
Debt's share of the balance-sheet total falls from 64.0% to 61.8%. Equity is higher and debt is lower.
SJ-TECH has no parent and no holdings in its annual accounts. ELMAZBOUH Jalal is the only director. SJ-TECH shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
SJ-TECH was incorporated on 26 July 2023 as a private limited company by one natural person, with a starting capital of €15,000.12 ELMAZBOUH Jalal is director of the company, appointed by deed of 31-07-2023.2 Total assets rose from €34,226 in 2023 to €106,865 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Emiel Hertecantlaan 80 registered office 9290 Berlare | 26-07-2023 | 2.349.076.021 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42003D0282/00R000 | 200 m² | 1 · 125 m² | 9.5 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0804.310.241
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