SNEW
ActiveSummary
The computed 12-month bankruptcy probability of SNEW is 5.6% (elevated). The 2024 annual accounts show negative equity (-€4,722) and a net result of -€5,098. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 36381 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability8▲+8
Solvency17▼-9
Growth78=
Track record92
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.88 in 2023; short-term debt: 108% and cash: 0.7% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
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
-8%
Return on assets
-8.6%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€4,722
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2023
36 d early
2022
118 d early
2021
76 d early
2020
11 d early
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, micro schema
Equity
-€4,722
2023 · €376
Total assets
€59,184▲ 1.2%
2023 · €58,477
Net result
-€5,098▲ 76.2%
2023 · -€21,447
Working capital
-€18,415▼ 167%
2023 · -€6,899
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€120,104€9,426▼ 92.2%-€57,414-€22,590▲ 60.7%-€4,513▲ 80.0%
Net result€96,535above the sector's middle half€2,097within the sector's middle half▼ 97.8%-€61,348below the sector's middle half-€21,447below the sector's middle half▲ 65.0%-€5,098below the sector's middle half▲ 76.2%
Equity€74,874within the sector's middle half€76,971within the sector's middle half▲ 2.8%€21,823within the sector's middle half▼ 71.6%€376below the sector's middle half▼ 98.3%-€4,722below the sector's middle half
Total assets€401,233above the sector's middle half▲ 130%€324,050above the sector's middle half▼ 19.2%€121,056within the sector's middle half▼ 62.6%€58,477below the sector's middle half▼ 51.7%€59,184below the sector's middle half▲ 1.2%
Debt€326,360▲ 66.2%€247,079▼ 24.3%€99,234▼ 59.8%€58,101▼ 41.5%€63,906▲ 10.0%
Working capital€63,551within the sector's middle half€74,283within the sector's middle half▲ 16.9%€21,745within the sector's middle half▼ 70.7%-€6,899below the sector's middle half-€18,415below the sector's middle half▼ 167%
Solvency18.7%below the sector's middle half▲ 31.1pp23.8%within the sector's middle half▲ 5.1pp18.0%below the sector's middle half▼ 5.7pp0.6%below the sector's middle half▼ 17.4pp-8.0%below the sector's middle half▼ 8.6pp
Current ratio1.20within the sector's middle half▲ 0.421.31within the sector's middle half▲ 0.111.23within the sector's middle half▼ 0.080.88below the sector's middle half▼ 0.340.71below the sector's middle half▼ 0.17
Return on assets (ROA)24.1%above the sector's middle half▲ 48.1pp0.6%below the sector's middle half▼ 23.4pp-50.7%below the sector's middle half▼ 51.3pp-36.7%below the sector's middle half▲ 14.0pp-8.6%below the sector's middle half▲ 28.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €4,513 in 2024 against €22,590 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,184
Fixed assets
€13,693 ▲ 88.2%
Current assets
€45,492 ▼ 11.2%
Key figures and ratios
EBITDA
-€1,630▲
2023 · -€17,458
Cash flow
-€2,215▲
2023 · -€16,314
Debt to equity
-13.53
Interest coverage
-10.29▲
2023 · -13.65
Debt ≤ 1 year
€63,906▲
2023 · €58,101
Income taxes
€427▼
2023 · €515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,564 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,912 | €6,990 | €5,844 | €5,132 | €2,883 | ▼ 43.8% |
| Other operating charges640/8 | - | €815 | €1,239 | €532 | €609 | ▲ 14.3% |
| Gross operating margin9900 | €129,721 | €17,231 | -€50,332 | -€16,926 | -€1,021 | ▲ 94.0% |
| Operating profit (loss)9901 | €120,104 | €9,426 | -€57,414 | -€22,590 | -€4,513 | ▲ 80.0% |
| Financial income75/76B | - | €3,398 | €1,726 | €2,938 | €0 | ▼ 100% |
| Recurring financial income75 | €1,674 | €3,398 | €1,726 | €2,938 | €0 | ▼ 100% |
| Financial charges65/66B | - | €8,571 | €5,296 | €1,279 | €158 | ▼ 87.6% |
| Recurring financial charges65 | €8,697 | €8,571 | €5,296 | €1,279 | €158 | ▼ 87.6% |
| Profit (loss) for the period before taxes9903 | €113,081 | €4,254 | -€60,984 | -€20,931 | -€4,671 | ▲ 77.7% |
| Income taxes67/77 | €16,546 | €2,156 | €363 | €515 | €427 | ▼ 17.1% |
| Profit (loss) for the period9904 | €96,535 | €2,097 | -€61,348 | -€21,447 | -€5,098 | ▲ 76.2% |
| Profit (loss) for the period to be appropriated9905 | €96,535 | €2,097 | -€61,348 | -€21,447 | -€5,098 | ▲ 76.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €401,233 | €324,050 | €121,056 | €58,477 | €59,184 | ▲ 1.2% |
| Fixed assets21/28 | €15,849 | €8,859 | €3,015 | €7,276 | €13,693 | ▲ 88.2% |
| Intangible fixed assets21 | €2,653 | €753 | €0 | - | €8,765 | - |
| Tangible fixed assets22/27 | €13,016 | €7,926 | €2,835 | €7,096 | €4,748 | ▼ 33.1% |
| Plant, machinery and equipment23 | - | €4,761 | €1,671 | €0 | - | - |
| Furniture and vehicles24 | - | €3,164 | €1,164 | €7,096 | €4,748 | ▼ 33.1% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €385,384 | €315,191 | €118,041 | €51,201 | €45,492 | ▼ 11.2% |
| Amounts receivable within one year40/41 | €249,661 | €314,512 | €57,645 | €8,686 | €17,582 | ▲ 102% |
| Trade receivables40 | - | €194,429 | €3,600 | €3,600 | €6,458 | ▲ 79.4% |
| Other amounts receivable41 | - | €120,083 | €54,045 | €5,086 | €11,124 | ▲ 119% |
| Cash at bank and in hand54/58 | €135,005 | €25 | €1,480 | €16 | €410 | ▲ 2,545% |
| Deferred charges and accrued income490/1 | - | €655 | €58,915 | €42,500 | €27,500 | ▼ 35.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €401,233 | €324,050 | €121,056 | €58,477 | €59,184 | ▲ 1.2% |
| Equity10/15 | €74,874 | €76,971 | €21,823 | €376 | -€4,722 | ▼ 1,354% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €396 | €396 | €396 | €396 | €396 | = |
| Non-distributable reserves130/1 | - | €396 | €396 | €396 | €396 | = |
| Reserves not available under the articles1311 | - | €396 | €396 | €396 | €396 | = |
| Profit (loss) carried forward14 | €62,077 | €64,175 | €2,827 | -€18,620 | -€23,718 | ▼ 27.4% |
| Amounts payable17/49 | €326,360 | €247,079 | €99,234 | €58,101 | €63,906 | ▲ 10.0% |
| Amounts payable within one year42/48 | €321,833 | €240,908 | €96,296 | €58,101 | €63,906 | ▲ 10.0% |
| Financial debts43 | - | €84,922 | €62,500 | €44,000 | €42,000 | ▼ 4.5% |
| Credit institutions430/8 | - | €84,922 | €62,500 | €44,000 | €42,000 | ▼ 4.5% |
| Trade debts44 | €20,304 | €3,294 | €8,637 | €12,128 | €5,983 | ▼ 50.7% |
| Suppliers440/4 | - | €3,294 | €8,637 | €12,128 | €5,983 | ▼ 50.7% |
| Advances received on contracts in progress46 | - | €4,790 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €18,702 | €363 | €1,972 | €942 | ▼ 52.2% |
| Taxes450/3 | - | €18,702 | €363 | €1,972 | €942 | ▼ 52.2% |
| Other amounts payable47/48 | - | €129,200 | €24,795 | €0 | €14,981 | - |
| Accrued charges and deferred income492/3 | - | €6,171 | €2,938 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96,535 | €2,097 | -€61,348 | -€21,447 | -€5,098 | ▲ 76.2% |
| + Depreciation and write-downs630 | €7,912 | €6,990 | €5,844 | €5,132 | €2,883 | ▼ 43.8% |
| Operating cash flow (approximation) | €104,448 | €9,088 | -€55,504 | -€16,314 | -€2,215 | ▲ 86.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€9,393 | -€9,300 | ▲ 1.0% |
| Change in cash | - | -€134,981 | €1,456 | -€1,465 | €394 | ▲ 127% |
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
2026
28-04
KBO administration
Address struck
event 12-04-2026
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€61,348
Net result drops to -€61,348, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €96,535
Net result €96,535 after one loss-making year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
SignalFinancial 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, Antwerpen · 1 establishment unit since 2017
Ground area
5,303 m²
Building footprint
3,300 m²
Volume, LiDAR
19,014 m³
Parcel 11012A0158/00C005, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SNEW
since 20172.265.302.960
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0158/00C005 | Flanders | 5,303 m² | 1 · 3,300 m² | 10.4 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.
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 58 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
Founded24-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
61200Telecommunications resale and intermediation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675987159
Also
9925:BE0675987159
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.