SN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SN CONSTRUCT is 1.6% (moderate). The 2025 annual accounts show equity of €1.45M and a net result of €341k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 78% of 7838 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+13
Solvency94▲+18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.57 against 2.03 in 2024; short-term debt: 24.8% and cash: 10.3% of total assets), and 31.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.6%
Return on assets
16.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
6 d early
2022
35 d early
2021
39 d late
2020
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.45M▲ 30.7%
2024 · €1.11M
2020: €153klowest in 6 years
2021: €336k▲ +119% vs 2020
2022: €815k▲ +143% vs 2021
2023: €1.24M▲ +52.4% vs 2022
2024: €1.11M▼ -10.5% vs 2023
2025: €1.45M▲ +30.7% vs 2024highest in 6 years
2020 → 2025
Total assets
€2.12M▼ 3.3%
2024 · €2.19M
2020: €353klowest in 6 years
2021: €554k▲ +57.1% vs 2020
2022: €1.11M▲ +99.5% vs 2021
2023: €1.50M▲ +35.3% vs 2022
2024: €2.19M▲ +46.3% vs 2023highest in 6 years
2025: €2.12M▼ -3.3% vs 2024
2020 → 2025
Net result
€341k▲ 164%
2024 · €129k
2020: €148k
2021: €182k▲ +22.9% vs 2020
2022: €479k▲ +163% vs 2021highest in 6 years
2023: €427k▼ -11.0% vs 2022
2024: €129k▼ -69.7% vs 2023lowest in 6 years
2025: €341k▲ +164% vs 2024
2020 → 2025
Working capital
€1.34M▲ 35.9%
2024 · €989k
2020: €131klowest in 6 years
2021: €312k▲ +138% vs 2020
2022: €780k▲ +150% vs 2021
2023: €1.18M▲ +50.7% vs 2022
2024: €989k▼ -15.8% vs 2023
2025: €1.34M▲ +35.9% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€336k-€815k▲ 143%€1.24M▲ 52.4%€1.11M▼ 10.5%€1.45M▲ 30.7%
2021: €336klowest in 5 years
2022: €815k▲ +143% vs 2021
2023: €1.24M▲ +52.4% vs 2022
2024: €1.11M▼ -10.5% vs 2023
2025: €1.45M▲ +30.7% vs 2024highest in 5 years
Operating result€241k-€623k▲ 158%€565k▼ 9.4%€150k▼ 73.5%€459k▲ 207%
2021: €241k
2022: €623k▲ +158% vs 2021highest in 5 years
2023: €565k▼ -9.4% vs 2022
2024: €150k▼ -73.5% vs 2023lowest in 5 years
2025: €459k▲ +207% vs 2024
Net result€182k-€479k▲ 163%€427k▼ 11.0%€129k▼ 69.7%€341k▲ 164%
2021: €182k
2022: €479k▲ +163% vs 2021highest in 5 years
2023: €427k▼ -11.0% vs 2022
2024: €129k▼ -69.7% vs 2023lowest in 5 years
2025: €341k▲ +164% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 207% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.12M
Fixed assets
€247k ▲ 4.4%
Current assets
€1.87M ▼ 4.3%
Equity and liabilities €2.12M
Equity
€1.45M ▲ 30.7%
Debt
€664k ▼ 38.4%
Debt's share of the balance-sheet total falls from 49.2% to 31.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€515k▲
2024 · €184k
Cash flow
€397k▲
2024 · €163k
Current ratio
3.57▲
2024 · 2.03
Quick ratio
3.39▲
2024 · 1.99
Debt to equity
0.46▼
2024 · 0.97
ROE
23.5%▲
2024 · 11.6%
ROA
16.1%▲
2024 · 5.9%
Interest coverage
47.95▲
2024 · 17.52
Debt ≤ 1 year
€524k▼
2024 · €962k
Debt > 1 year
€97k▼
2024 · €114k
Income taxes
€117k▲
2024 · €42k
Staff costs
€563k▲
2024 · €353k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.19M€2.12M▼
Fixed assets21/28€236k€247k▲
Tangible fixed assets22/27€229k€239k▲
Land and buildings22€41k€56k▲
Plant, machinery and equipment23€29k€62k▲
Furniture and vehicles24€159k€121k▼
Financial fixed assets28€7k€8k▲
Current assets29/58€1.95M€1.87M▼
Stocks and contracts in progress3€33k€93k▲
Stocks30/36€33k€93k▲
Amounts receivable within one year40/41€1.72M€1.53M▼
Trade receivables40€516k€631k▲
Other amounts receivable41€1.20M€896k▼
Cash at bank and in hand54/58€141k€217k▲
Deferred charges and accrued income490/1€58k€32k▼
Equity and liabilities
Total equity and liabilities10/49€2.19M€2.12M▼
Equity10/15€1.11M€1.45M▲
Contributions10/11€5k€5k=
Reserves13€1.02M€1.36M▲
Tax-exempt reserves132€518k€478k▼
Distributable reserves133€503k€883k▲
Profit (loss) carried forward14€85k€85k=
Amounts payable17/49€1.08M€664k▼
Amounts payable after more than one year17€114k€97k▼
Financial debts170/4€114k€97k▼
Amounts payable within one year42/48€962k€524k▼
Current portion of amounts payable after more than one year42€106k€77k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€430k€263k▼
Suppliers440/4€430k€263k▼
Advances received on contracts in progress46€123k€140k▲
Taxes, remuneration and social security45€42k€43k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€40k€34k▼
Other amounts payable47/48€260k€0▼
Accrued charges and deferred income492/3€557€43k▲
Income statement
Code20242025
Non-recurring operating income76A€11k€6k▼
Remuneration, social security and pensions62€353k€563k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€56k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€0▼
Other operating charges640/8€16k€16k▼
Gross operating margin9900€563k€1.09M▲
Operating profit (loss)9901€150k€459k▲
Financial income75/76B€32k€9k▼
Recurring financial income75€32k€9k▼
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€171k€457k▲
Income taxes67/77€42k€117k▲
Profit (loss) for the period9904€129k€341k▲
Transfer from tax-exempt reserves789-€40k
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€129k€380k▲
Appropriation of the result
Profit (loss) to be appropriated9906€345k€466k▲
Profit (loss) brought forward from the previous period14P€216k€85k▼
Transfer to equity691/2€0€380k▲
To other reserves6921€0€380k▲
Profit to be distributed694/7€260k€0▼
Return on contributions (dividend)694€260k€0▼
Social balance
Average headcount (FTE)90875.49.0▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11k | €6k | ▼ 44.4% |
| Remuneration, social security and pensions62 | €137k | €231k | €272k | €353k | €563k | ▲ 59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €20k | €34k | €56k | ▲ 65.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10k | €0 | ▼ 100% |
| Other operating charges640/8 | €2k | €896 | €10k | €16k | €16k | ▼ 4.3% |
| Gross operating margin9900 | €397k | €872k | €868k | €563k | €1.09M | ▲ 94.2% |
| Operating profit (loss)9901 | €241k | €623k | €565k | €150k | €459k | ▲ 207% |
| Financial income75/76B | €3k | €10k | €11k | €32k | €9k | ▼ 72.6% |
| Recurring financial income75 | €3k | €10k | €11k | €32k | €9k | ▼ 72.6% |
| Financial charges65/66B | €6k | €2k | €11k | €10k | €11k | ▲ 2.6% |
| Recurring financial charges65 | €6k | €2k | €11k | €10k | €11k | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €238k | €631k | €565k | €171k | €457k | ▲ 168% |
| Income taxes67/77 | €56k | €152k | €138k | €42k | €117k | ▲ 181% |
| Profit (loss) for the period9904 | €182k | €479k | €427k | €129k | €341k | ▲ 164% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €40k | - |
| Transfer to tax-exempt reserves689 | - | €307k | €211k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €182k | €172k | €216k | €129k | €380k | ▲ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €554k | €1.11M | €1.50M | €2.19M | €2.12M | ▼ 3.3% |
| Fixed assets21/28 | €64k | €62k | €79k | €236k | €247k | ▲ 4.4% |
| Tangible fixed assets22/27 | €64k | €56k | €72k | €229k | €239k | ▲ 4.1% |
| Land and buildings22 | - | - | €24k | €41k | €56k | ▲ 34.5% |
| Plant, machinery and equipment23 | €4k | €4k | €14k | €29k | €62k | ▲ 116% |
| Furniture and vehicles24 | €60k | €53k | €34k | €159k | €121k | ▼ 24.0% |
| Financial fixed assets28 | - | €5k | €7k | €7k | €8k | ▲ 15.2% |
| Current assets29/58 | €490k | €1.04M | €1.42M | €1.95M | €1.87M | ▼ 4.3% |
| Stocks and contracts in progress3 | - | - | - | €33k | €93k | ▲ 181% |
| Stocks30/36 | - | - | - | €33k | €93k | ▲ 181% |
| Amounts receivable within one year40/41 | €298k | €623k | €1.27M | €1.72M | €1.53M | ▼ 11.2% |
| Trade receivables40 | €133k | €214k | €272k | €516k | €631k | ▲ 22.4% |
| Other amounts receivable41 | €165k | €409k | €999k | €1.20M | €896k | ▼ 25.6% |
| Cash at bank and in hand54/58 | €185k | €416k | €129k | €141k | €217k | ▲ 53.8% |
| Deferred charges and accrued income490/1 | €7k | €5k | €16k | €58k | €32k | ▼ 44.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €554k | €1.11M | €1.50M | €2.19M | €2.12M | ▼ 3.3% |
| Equity10/15 | €336k | €815k | €1.24M | €1.11M | €1.45M | ▲ 30.7% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €148k | €638k | €1.02M | €1.02M | €1.36M | ▲ 33.4% |
| Tax-exempt reserves132 | - | €307k | €518k | €518k | €478k | ▼ 7.7% |
| Distributable reserves133 | €148k | €331k | €503k | €503k | €883k | ▲ 75.7% |
| Profit (loss) carried forward14 | €182k | €172k | €216k | €85k | €85k | = |
| Amounts payable17/49 | €218k | €291k | €254k | €1.08M | €664k | ▼ 38.4% |
| Amounts payable after more than one year17 | €40k | €27k | €13k | €114k | €97k | ▼ 15.1% |
| Financial debts170/4 | €40k | €27k | €13k | €114k | €97k | ▼ 15.1% |
| Amounts payable within one year42/48 | €178k | €264k | €241k | €962k | €524k | ▼ 45.5% |
| Current portion of amounts payable after more than one year42 | €18k | €14k | €14k | €106k | €77k | ▼ 27.4% |
| Financial debts43 | - | €90k | €15k | €0 | - | - |
| Credit institutions430/8 | - | €90k | €15k | €0 | - | - |
| Trade debts44 | €51k | €72k | €195k | €430k | €263k | ▼ 38.8% |
| Suppliers440/4 | €51k | €72k | €195k | €430k | €263k | ▼ 38.8% |
| Advances received on contracts in progress46 | - | - | - | €123k | €140k | ▲ 13.8% |
| Taxes, remuneration and social security45 | €109k | €16k | €17k | €42k | €43k | ▲ 1.9% |
| Taxes450/3 | €105k | - | €5k | €2k | €9k | ▲ 317% |
| Remuneration and social security454/9 | €4k | €16k | €13k | €40k | €34k | ▼ 15.0% |
| Other amounts payable47/48 | - | €73k | €200 | €260k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €354 | €557 | €43k | ▲ 7,602% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €182k | €479k | €427k | €129k | €341k | ▲ 164% |
| + Depreciation and write-downs630 | €17k | €17k | €20k | €34k | €56k | ▲ 65.2% |
| Operating cash flow (approximation) | €199k | €497k | €447k | €163k | €397k | ▲ 143% |
| Investment in fixed assets (approximation) | - | €-15k | €-38k | €-191k | €-66k | ▲ 65.2% |
| Change in cash | - | €231k | €-287k | €12k | €76k | ▲ 536% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €129k ▼69.7%
Net result drops to €129k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.24M ▲52.4%
4 profitable years in a row build equity to €1.24M.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €479k ▲163%
Operating result €623k, net result €479k, both a record.
31-12
Financial
Equity above €500kEq €815k ▲143%
3 profitable years in a row build equity to €815k.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 39 days late
2021
31-12
Financial
Equity above €200kEq €336k ▲119%
2 profitable years in a row build equity to €336k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Niklaas · 1 establishment unit since 2019
Ground area
8,025 m²
Building footprint
1,817 m²
Volume, LiDAR
13,699 m³
Parcel 46002C1108/00F000, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SN CONSTRUCT
since 20192.294.953.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C1108/00F000 | Flanders | 8,025 m² | 1 · 1,817 m² | 9.2 m · 3 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 to 2024 · 2 entries · 711 EUR awarded · 711 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 360 EUR |
| 2023 | 1 | 711 EUR | 351 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,135 companies in sector 43910 we hold annual accounts for 5,489. 1,926 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
Founded09-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43910Bricklaying and masonry work
41001General construction of residential buildings
43230Insulation installation
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.