SP Construct
ActiveSummary
The computed 12-month bankruptcy probability of SP Construct is 1.5% (moderate). The 2024 annual accounts show equity of €54k and a net result of €-939. Its solvency ranks better than 67% of 36375 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability62▼-31
Solvency87▲+21
Growth32
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 1.62 in 2023; short-term debt: 18.1% and cash: 16.3% of total assets), and 38.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
61.7%
Return on assets
-1.1%
Age of the figures
21 mo
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 27-06-2025, 34 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€54k▼ 1.7%
2023 · €55k
2023: €55k
2024: €54k▼ -1.7% vs 2023
2023 → 2024
Total assets
€87k▼ 34.1%
2023 · €132k
2023: €132k
2024: €87k▼ -34.1% vs 2023
2023 → 2024
Net result
€-939
2023 · €26k
2023: €26k
2024: €-939▼ -104% vs 2023
2023 → 2024
Working capital
€31k▼ 10.6%
2023 · €35k
2023: €35k
2024: €31k▼ -10.6% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€55k-€54k▼ 1.7%
2023: €55k
2024: €54k▼ -1.7% vs 2023
Operating result€35k-€2k▼ 95.7%
2023: €35k
2024: €2k▼ -95.7% vs 2023
Net result€26k-€-939
2023: €26k
2024: €-939▼ -104% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 96% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87k
Fixed assets
€40k ▼ 1.9%
Current assets
€47k ▼ 48.4%
Equity and liabilities €87k
Equity
€54k ▼ 1.7%
Debt
€33k ▼ 56.9%
Debt's share of the balance-sheet total falls from 58.6% to 38.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2023 · €41k
Cash flow
€5k▼
2023 · €32k
Current ratio
3.00▲
2023 · 1.62
Debt to equity
0.62▼
2023 · 1.42
ROE
-1.7%▼
2023 · 47.6%
ROA
-1.1%▼
2023 · 19.7%
Interest coverage
5.30▼
2023 · 33.55
Debt ≤ 1 year
€16k▼
2023 · €56k
Debt > 1 year
€18k▼
2023 · €21k
Income taxes
€1k▼
2023 · €8k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€132k€87k▼
Fixed assets21/28€41k€40k▼
Tangible fixed assets22/27€41k€40k▼
Land and buildings22€29k€28k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€888€5k▲
Current assets29/58€91k€47k▼
Amounts receivable within one year40/41€70k€23k▼
Trade receivables40€65k€16k▼
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€14k€14k▲
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€132k€87k▼
Equity10/15€55k€54k▼
Contributions10/11€1k€1k=
Reserves13€54k€54k=
Distributable reserves133€54k€54k=
Profit (loss) carried forward14-€-939
Amounts payable17/49€77k€33k▼
Amounts payable after more than one year17€21k€18k▼
Financial debts170/4€21k€18k▼
Amounts payable within one year42/48€56k€16k▼
Current portion of amounts payable after more than one year42€3k€4k▲
Trade debts44€23k€4k▼
Suppliers440/4€23k€4k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€280-
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€27k€6k▼
Accrued charges and deferred income492/3€15-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€42k€9k▼
Operating profit (loss)9901€35k€2k▼
Financial income75/76B€23€52▲
Recurring financial income75€23€52▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€34k€130▼
Income taxes67/77€8k€1k▼
Profit (loss) for the period9904€26k€-939▼
Profit (loss) for the period to be appropriated9905€26k€-939▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-939▼
Profit (loss) brought forward from the previous period14P€-6k-
Transfer to equity691/2€20k-
To other reserves6921€20k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | ▲ 5.4% |
| Other operating charges640/8 | €1k | €1k | ▼ 3.8% |
| Gross operating margin9900 | €42k | €9k | ▼ 79.1% |
| Operating profit (loss)9901 | €35k | €2k | ▼ 95.7% |
| Financial income75/76B | €23 | €52 | ▲ 130% |
| Recurring financial income75 | €23 | €52 | ▲ 130% |
| Financial charges65/66B | €1k | €1k | ▲ 18.3% |
| Recurring financial charges65 | €1k | €1k | ▲ 18.3% |
| Profit (loss) for the period before taxes9903 | €34k | €130 | ▼ 99.6% |
| Income taxes67/77 | €8k | €1k | ▼ 87.0% |
| Profit (loss) for the period9904 | €26k | €-939 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €26k | €-939 | ▼ 104% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €132k | €87k | ▼ 34.1% |
| Fixed assets21/28 | €41k | €40k | ▼ 1.9% |
| Tangible fixed assets22/27 | €41k | €40k | ▼ 1.9% |
| Land and buildings22 | €29k | €28k | ▼ 6.0% |
| Plant, machinery and equipment23 | €10k | €8k | ▼ 27.8% |
| Furniture and vehicles24 | €888 | €5k | ▲ 442% |
| Current assets29/58 | €91k | €47k | ▼ 48.4% |
| Amounts receivable within one year40/41 | €70k | €23k | ▼ 66.6% |
| Trade receivables40 | €65k | €16k | ▼ 75.7% |
| Other amounts receivable41 | €5k | €8k | ▲ 46.9% |
| Cash at bank and in hand54/58 | €14k | €14k | ▲ 4.6% |
| Deferred charges and accrued income490/1 | €8k | €10k | ▲ 24.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €132k | €87k | ▼ 34.1% |
| Equity10/15 | €55k | €54k | ▼ 1.7% |
| Contributions10/11 | €1k | €1k | = |
| Reserves13 | €54k | €54k | = |
| Distributable reserves133 | €54k | €54k | = |
| Profit (loss) carried forward14 | - | €-939 | - |
| Amounts payable17/49 | €77k | €33k | ▼ 56.9% |
| Amounts payable after more than one year17 | €21k | €18k | ▼ 16.7% |
| Financial debts170/4 | €21k | €18k | ▼ 16.7% |
| Amounts payable within one year42/48 | €56k | €16k | ▼ 72.0% |
| Current portion of amounts payable after more than one year42 | €3k | €4k | ▲ 1.7% |
| Trade debts44 | €23k | €4k | ▼ 84.8% |
| Suppliers440/4 | €23k | €4k | ▼ 84.8% |
| Taxes, remuneration and social security45 | €3k | €3k | ▼ 7.4% |
| Taxes450/3 | €280 | - | - |
| Remuneration and social security454/9 | €3k | €3k | ▲ 2.7% |
| Other amounts payable47/48 | €27k | €6k | ▼ 77.5% |
| Accrued charges and deferred income492/3 | €15 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €-939 | ▼ 104% |
| + Depreciation and write-downs630 | €6k | €6k | ▲ 5.4% |
| Operating cash flow (approximation) | €32k | €5k | ▼ 83.6% |
| Investment in fixed assets (approximation) | - | €-5k | - |
| Change in cash | - | €621 | - |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Nijlen · 1 establishment unit since 2017
Ground area
774 m²
Building footprint
146 m²
Parcel 12018A0629/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
SP Construct
since 20172.271.396.738
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018A0629/00T000 | Flanders | 774 m² | 1 · 146 m² | - |
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 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,981 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
Founded21-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.