SORWA CONSTRUCT
Judicial reorganisationThe file of SORWA CONSTRUCT contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €448k and a net result of €25k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 2025 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▲+4
Solvency83▼-7
Growth52=
Stability60
Credit verdict
Credit up to €30k at 30 days only on tighter terms
Liquidity ample (current ratio 1.79 against 2.27 in 2024), but 56.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
42 d late
2023
3 d late
2022
22 d late
2021
51 d late
2020
138 d late
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k▲ 20.4%
2024 · €21k
2018: €174k
2019: €34k
2020: €-20k
2021: €31k
2022: €19k
2023: €62k
2024: €21k
2018 → 2025
Working capital
€426k▼ 12.5%
2024 · €486k
2018: €227k
2019: €278k
2020: €285k
2021: €658k
2022: €580k
2023: €550k
2024: €486k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€321k-€340k▲ 5.9%€402k▲ 18.4%€423k▲ 5.1%€448k▲ 5.9%
Operating result€75k-€13k▼ 82.9%€131k▲ 930%€51k▼ 61.2%€51k▲ 0.8%
Net result€31k-€19k▼ 38.3%€62k▲ 231%€21k▼ 67.1%€25k▲ 20.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€65k▼ 8.3%
Current assets
€962k▲ 10.8%
Equity and liabilities €1.03M
Equity
€448k▲ 5.9%
Debt
€580k▲ 12.2%
The debt ratio rises from 55.0% to 56.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€70k▼
2024 · €71k
Cash flow
€43k▲
2024 · €40k
Solvency
43.6%▼
2024 · 45.0%
Current ratio
1.79▼
2024 · 2.27
Quick ratio
1.72▼
2024 · 2.17
Debt / equity
1.30▲
2024 · 1.22
ROE
5.5%▲
2024 · 4.9%
ROA
2.4%▲
2024 · 2.2%
Interest coverage
4.85▲
2024 · 4.00
Debt
€580k▲
2024 · €517k
Debt ≤ 1 year
€537k▲
2024 · €382k
Debt > 1 year
€43k▼
2024 · €135k
Income taxes
€16k▲
2024 · €15k
Staff costs
€466k▼
2024 · €531k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€940k€1.03M▲
Fixed assets21/28€71k€65k▼
Tangible fixed assets22/27€59k€43k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€57k€42k▼
Leasing and similar rights25€0-
Financial fixed assets28€13k€22k▲
Current assets29/58€868k€962k▲
Stocks and contracts in progress3€38k€37k▼
Stocks30/36€38k€37k▼
Amounts receivable within one year40/41€443k€595k▲
Trade receivables40€443k€548k▲
Other amounts receivable41-€47k
Cash at bank and in hand54/58€387k€330k▼
Equity and liabilities
Total equity and liabilities10/49€940k€1.03M▲
Equity10/15€423k€448k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€42k€42k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€319k€343k▲
Amounts payable17/49€517k€580k▲
Amounts payable after more than one year17€135k€43k▼
Other amounts payable178/9€135k€43k▼
Amounts payable within one year42/48€382k€537k▲
Current portion of amounts payable after more than one year42€3k-
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€127k€271k▲
Suppliers440/4€127k€271k▲
Taxes, remuneration and social security45€49k€66k▲
Taxes450/3€7k€2k▼
Remuneration and social security454/9€42k€63k▲
Other amounts payable47/48€3k-
Income statement
Code20242025
Remuneration, social security and pensions62€531k€466k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼
Other operating charges640/8€66k€9k▼
Non-recurring operating charges66A-€31k
Gross operating margin9900€669k€575k▼
Operating profit (loss)9901€51k€51k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€18k€14k▼
Recurring financial charges65€18k€14k▼
Profit (loss) for the period before taxes9903€36k€41k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€21k€25k▲
Profit (loss) for the period to be appropriated9905€21k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€319k€343k▲
Profit (loss) brought forward from the previous period14P€298k€319k▲
Social balance
Average headcount (FTE)90877.07.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 42 days late
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 3 days late
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 51 days late
2021
30-09
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 138 days late
2020
16-11
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collectif · event 09-11-2020
30-09
Financial
Weakest financial yearnet €-20k ▼159%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Tubize · 2 establishment units since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Léon Champagne 21480 TubizeGround area
1.2 ha
Building footprint
2,771 m²
Volume, LiDAR
8,242 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue Auguste Beernaert 1, 1480 Tubize
since 20102.193.867.212
SORWA CONSTRUCT
since 20192.289.133.484
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0516/00B000 | Wallonia | 8,099 m² | 1 · 1,727 m² | - |
| 25097C0563/00V000 | Wallonia | 4,171 m² | 1 · 1,043 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
25 categoriesSORWA CONSTRUCT SA38351
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Of 8,483 companies in sector 43410 we hold annual accounts for 4,308. 2,952 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-11-2010
Fiscal year end30-09
Activities, NACEBEL
43410Roofing work
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
43342Specialised construction activities
43421Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.