Equity
-€24,407
Debts exceed assets in financial year 2025.
SN PROJECTS
Lifetime
2 annual accounts with figures on one time axispeak €28,500 (2024)
-€29,438▼ €57,938
lowest -€43,829 (2025)
-€43,829▼ €60,251
peak €19,422 (2024)
-€24,407▼ €43,829
€101,362▲ 50.8%
Board1 name since 2023
1 directorTEKIN Esen
Documentsfilings and deeds
08-07-202623 days before the deadline
2025micro format
Gross margin from €28,500 to -€29,438Loss of €43,829Equity from €19,422 to -€24,407Debts from €67,204 to €101,362Cash from €26,751 to €0
Key points
from the 2025 annual accountsResult
-€43,829 -€43,829
From profit to loss in 2025, after a profit of €16,422 in 2024.
Debts
€101,362 132% of the balance sheet
Financial debts 32%Suppliers 48%Taxes and wages 10%Other 9%
Of this, €76,341 falls due within a year.
Liquidity
0.58 was 1.35 in 2024
Short-term debts rose from €32,794 to €76,341.
Starting capital
€3,000
Position in the sector
-31.7%
Lower solvency than 91% of companies in real estate. Sector median 28.9% · 17,190 companies.
Turnover not published (micro format)
Checked score
51
Fair
Financially stronger than 3% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 0.7%
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.8 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 2.1%▲ +1.8 percentage points vs 07-2026
09-2026: 2.1%● unchanged vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026highest value
11-2026: 2.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.58, cash €0, halved
Negative equity -€24,407
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €76,955
Calculation
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 68, micro). It does better than 5% of them on solvency, 0% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as SN PROJECTS has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SN PROJECTS itself: 2.1% within 12 months.
Test of the method
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 7,639 companies, not a prediction for SN PROJECTS. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.58 (1.35 in 2024), below 1. Short-term debt is 99.2% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€24,407
raises risk · Young company
Founded in 2023, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
23 days early
2024
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003326230
Incorporation
Founding capital of €3,000 · Founder: TEKIN Esen (oprichter – aandeelhouder) · Appointment: TEKIN Esen (director) · published on 15-12-2023 · Gazette deed
First establishment
Diestersesteenweg 89, Beringen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SN PROJECTS Beringen | €76,955 | -€29,438 | -31.7% | - |
| DOMUS PROMOTION Manage | €70,000 | -€18,828 | 100.0% | - |
| Qetes Tielt-Winge | €67,366 | -€6,805 | 35.2% | - |
| 48 Construct Schilde | €80,787 | -€14,363 | -28.8% | - |
| Motown Thines Construct Ixelles | €84,983 | -€10,203 | 59.9% | - |
| SK Project Antwerp | €63,345 | -€5,311 | 11.4% | - |
| APK Invest Boortmeerbeek | €96,257 | -€8,681 | 94.7% | - |
These companies have the same main activity as SN PROJECTS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €63,300 and €96,300, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 13-12-2023Normal situation
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.353.609.2853583 Beringen, since 13-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-02-2025
Annual accounts 2025
- €76,955▼ 11.2%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on SN PROJECTS
The computed 12-month bankruptcy probability of SN PROJECTS is 2.1% (moderate). The 2025 annual accounts show negative equity (-€24,407) and a net result of -€43,829.
Its solvency ranks better than 9% of 17,190 sector peers (NACE 68, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SN PROJECTS
- What is the company number of SN PROJECTS?
- The company number of SN PROJECTS is 1003.326.230. The VAT number is the same number with BE in front: BE 1003.326.230.
- Where is SN PROJECTS based?
- The registered office is at Diestersesteenweg 89, 3583 Beringen.Company details
- What does SN PROJECTS do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of SN PROJECTS?
- SN PROJECTS is a private limited company (BV).
- When was SN PROJECTS founded?
- SN PROJECTS was founded on 13-12-2023.
- Is SN PROJECTS still active?
- Yes, SN PROJECTS is an active enterprise in the KBO register.
- What is the turnover of SN PROJECTS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SN PROJECTS profitable?
- In financial year 2025, SN PROJECTS made a loss of €43,829.
- Where can I find the annual accounts of SN PROJECTS?
- SN PROJECTS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SN PROJECTS due?
- SN PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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