Skyar
ActiveSummary
The computed 12-month bankruptcy probability of Skyar is 2.5% (moderate). The annual accounts of Skyar for fiscal year 2024 show a net loss of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €7k and a net result of €-8k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 1330 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency47▼-15
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.2 against 1.46 in 2023; short-term debt: 78.3% and cash: 0.1% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
21.7%
Return on assets
-24.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1330 sector peers (2024).
NBB · sector comparisonPosition among 1330 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
20 d late
2022
27 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€7k▼ 53.3%
2023 · €15k
Total assets
€33k▼ 20.7%
2023 · €42k
Net result
€-8k
2023 · €10k
Working capital
€5k▼ 57.9%
2023 · €12k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€12k-€15k▲ 24.9%€-8k
Net result€5k-€10k▲ 119%€-8k
Equity€5k-€15k▲ 219%€7k▼ 53.3%
Total assets€20k-€42k▲ 108%€33k▼ 20.7%
Debt€15k-€26k▲ 72.9%€26k▼ 1.8%
Working capital€2k-€12k▲ 562%€5k▼ 57.9%
Staff (FTE)1.51▼ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €15k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33k
Fixed assets
€2k ▼ 35.9%
Current assets
€31k ▼ 19.5%
Equity and liabilities €33k
Equity
€7k ▼ 53.3%
Debt
€26k ▼ 1.8%
Debt's share of the balance-sheet total rises from 63.3% to 78.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2023 · €16k
Cash flow
€-8k▼
2023 · €11k
Current ratio
1.20▼
2023 · 1.46
Debt to equity
3.62▲
2023 · 1.72
ROE
-114.0%▼
2023 · 68.7%
ROA
-24.7%▼
2023 · 25.2%
Interest coverage
-9.97▼
2023 · 13.12
Debt ≤ 1 year
€26k▼
2023 · €26k
Income taxes
€245▼
2023 · €4k
Staff costs
€43k▲
2023 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €7k | - | €2k | - |
| Remuneration, social security and pensions62 | €4k | €42k | €43k | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €395 | €452 | €452 | = |
| Other operating charges640/8 | €6k | €2k | €2k | ▼ 1.1% |
| Non-recurring operating charges66A | €5k | €1k | €667 | ▼ 44.0% |
| Gross operating margin9900 | €27k | €60k | €37k | ▼ 37.9% |
| Operating profit (loss)9901 | €12k | €15k | €-8k | ▼ 156% |
| Financial income75/76B | €108 | €675 | €1k | ▲ 93.2% |
| Recurring financial income75 | €108 | €675 | €1k | ▲ 93.2% |
| Financial charges65/66B | €2k | €1k | €798 | ▼ 32.5% |
| Recurring financial charges65 | €2k | €1k | €798 | ▼ 32.5% |
| Profit (loss) for the period before taxes9903 | €10k | €15k | €-8k | ▼ 154% |
| Income taxes67/77 | €6k | €4k | €245 | ▼ 94.0% |
| Profit (loss) for the period9904 | €5k | €10k | €-8k | ▼ 178% |
| Profit (loss) for the period to be appropriated9905 | €5k | €10k | €-8k | ▼ 178% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20k | €42k | €33k | ▼ 20.7% |
| Fixed assets21/28 | €3k | €3k | €2k | ▼ 35.9% |
| Tangible fixed assets22/27 | €961 | €509 | €57 | ▼ 88.8% |
| Furniture and vehicles24 | €961 | €509 | €57 | ▼ 88.8% |
| Financial fixed assets28 | €2k | €3k | €2k | ▼ 25.9% |
| Current assets29/58 | €17k | €38k | €31k | ▼ 19.5% |
| Amounts receivable within one year40/41 | €12k | €35k | €29k | ▼ 18.7% |
| Trade receivables40 | €6k | €9k | €4k | ▼ 51.0% |
| Other amounts receivable41 | €6k | €27k | €24k | ▼ 8.3% |
| Cash at bank and in hand54/58 | €4k | €179 | €22 | ▼ 87.8% |
| Deferred charges and accrued income490/1 | €1k | €3k | €2k | ▼ 23.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20k | €42k | €33k | ▼ 20.7% |
| Equity10/15 | €5k | €15k | €7k | ▼ 53.3% |
| Reserves13 | €4k | €14k | €14k | = |
| Distributable reserves133 | €4k | €14k | €14k | = |
| Profit (loss) carried forward14 | €785 | €1k | €-7k | ▼ 634% |
| Amounts payable17/49 | €15k | €26k | €26k | ▼ 1.8% |
| Amounts payable within one year42/48 | €15k | €26k | €26k | ▼ 1.8% |
| Trade debts44 | €9k | €11k | €17k | ▲ 61.6% |
| Suppliers440/4 | €9k | €11k | €17k | ▲ 61.6% |
| Taxes, remuneration and social security45 | €6k | €16k | €9k | ▼ 45.1% |
| Taxes450/3 | €6k | €10k | €3k | ▼ 72.3% |
| Remuneration and social security454/9 | €527 | €6k | €6k | ▼ 2.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €10k | €-8k | ▼ 178% |
| + Depreciation and write-downs630 | €395 | €452 | €452 | = |
| Operating cash flow (approximation) | €5k | €11k | €-8k | ▼ 170% |
| Investment in fixed assets (approximation) | - | €-700 | €700 | ▲ 200% |
| Change in cash | - | €-3k | €-157 | ▲ 95.3% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Highest result since 2022net €10k ▲119%
Operating result €15k, net result €10k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Wijnegem · 1 establishment unit since 2021
Ground area
362 m²
Building footprint
104 m²
Volume, LiDAR
611 m³
Parcel 11050A0280/00W004, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Skyar
since 20212.318.305.938
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0280/00W004 | Flanders | 362 m² | 1 · 104 m² | 11.2 m · 1 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
2024 to 2025 · 2 entries · 565 EUR awarded · 442 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 103 EUR | 103 EUR |
| 2024 | 1 | 462 EUR | 339 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesSkyar BV42149
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Of 1,824 companies in sector 42220 we hold annual accounts for 956. 437 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
Founded08-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.