SP CONSTRUCT
The computed 12-month bankruptcy probability of SP CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show equity of €40k and a net result of €29k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 26547 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €40k |
| Net result | €29k |
| Better than sector | 60% |
| Active | 18 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.5% | 47.4% | |
| Net result | €29k | €10k | |
| Equity | €40k | €60k | |
| Gross operating margin | €47k | €39k | |
| Total assets | €70k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €43k | €-11k | €24k | €30k |
| Net profit | €29k | €-17k | €-472 | €3k |
| Cash flow | €32k | €-13k | €19k | €23k |
| Staff costs | - | - | - | - |
| Income taxes | €10k | €195 | €4k | €6k |
| Dividends | - | - | - | - |
| Total assets | €70k | €37k | €126k | €155k |
| Equity | €40k | €11k | €28k | €28k |
| Debt | €31k | €26k | €99k | €127k |
| of which ≤ 1y | €31k | €26k | €99k | €116k |
| of which > 1y | - | - | - | €9k |
| Working capital | €37k | €8k | €23k | €14k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.20 | 1.33 | 1.23 | 1.13 |
| Quick ratio | 2.20 | 1.33 | 1.23 | 1.13 |
| Working capital ratio | 52.3% | 23.0% | 18.2% | 9.4% |
| Solvency | 56.5% | 29.9% | 21.9% | 18.2% |
| Debt / equity | 0.77 | 2.35 | 3.57 | 4.51 |
| Long-term debt ratio | - | - | - | 0.32 |
| Interest coverage | 78.37 | -7.24 | 61.81 | 52.61 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 41.0% | -45.8% | -0.4% | 1.7% |
| ROE | 72.6% | -153.3% | -1.7% | 9.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €70k | €37k | €126k | €155k |
| Fixed assets | 21/28 | €3k | €3k | €5k | €24k |
| Tangible fixed assets | 22/27 | €3k | €2k | €5k | €24k |
| Financial fixed assets | 28 | €100 | €100 | €100 | €100 |
| Current assets | 29/58 | €67k | €34k | €122k | €130k |
| Amounts receivable within one year | 40/41 | €37k | €31k | €108k | €104k |
| Cash & bank | 54/58 | €30k | €2k | €8k | €23k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €70k | €37k | €126k | €155k |
| Equity | 10/15 | €40k | €11k | €28k | €28k |
| Contributions / capital | 10/11 | €8k | €6k | €6k | €6k |
| Reserves | 13 | - | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €32k | €3k | €20k | €20k |
| Amounts payable | 17/49 | €31k | €26k | €99k | €127k |
| Amounts payable after one year | 17 | - | - | - | €9k |
| Amounts payable within one year | 42/48 | €31k | €26k | €99k | €116k |
| Trade debts payable within one year | 44 | €14k | €2k | €52k | €51k |
| Income statement | |||||
| Gross operating margin | 9900 | €47k | €-9k | €29k | €34k |
| Operating result | 9901 | €40k | €-15k | €4k | €9k |
| Financial income | 75 | €2 | - | €35 | - |
| Financial charges | 65 | €554 | €2k | €392 | €564 |
| Result before taxes | 9903 | €39k | €-17k | €4k | €8k |
| Income taxes | 67/77 | €10k | €195 | €4k | €6k |
| Net result for the period | 9904 | €29k | €-17k | €-472 | €3k |
| Result to be appropriated | 9905 | €29k | €-17k | €-472 | €3k |
-
Adam MilkowskiManaging directorState Gazette act 25024210 (18-02-2025)Current18-02-2025 → present
| NACE primary | Plastering work(43310) |
| Legal form | Private limited company(610) |
| Incorporation | 16-06-2008 |
| Status | Active |
| Postal code | 1090 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0001/00Z023 | Brussels | 398 m² | 1 · 382 m² | 13.5 m · 3 fl. |
| 22662B0036/00D002 | Flanders | 352 m² | 1 · 65 m² | 11.2 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
18-02-2025 2 directors appointed
- Adam Milkowski, Gedelegeerd bestuurder
- J.Jordens SRL / Marion de Crombrugghe, Dagelijks bestuur
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur_d\u00E9l\u00E9gu\u00E9",
"person": {
"rrn": null,
"name": "Adam Milkowski",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale des actionnaires nomme Monsieur Adam Milkowski au poste d\u0027administrateur de l\u0105 soci\u00E9t\u00E9 \u00E0 partir de ce jour.",
"decharge_status": null,
"mandate_duration": {
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},
"rep_rotation_new_rep": null,
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"effective_date_qualifier": "immediate"
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "dagelijks_bestuur",
"person": {
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"name": "J.Jordens SRL / Marion de Crombrugghe",
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},
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"subkind": "regular",
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"name": "J.Jordens SRL",
"address": null,
"country": null,
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e mandate J.Jordens SRL / Marion de Crombrugghe aux fins de proc\u00E9der aux diff\u00E9rentes formalit\u00E9s li\u00E9es \u00E0 ces d\u00E9cisions, en ce compris la signature des documents de publication au Moniteur belge.",
"decharge_status": null,
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"rep_rotation_new_rep": null,
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}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2025-01-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2025-01-10",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0898.563.953",
"name_full": "SP CONSTRUC\u0421\u0422",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "J.Jordens SRL",
"person_name": null,
"org_rep_person_name": "Marion de Crombrugghe",
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}09-07-2024 Registered office moved to Jette
- 1090 Jette, Chaussée de Jette 574
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "1090 Jette, Chauss\u00E9e de Jette 574",
"city": "Jette",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Chauss\u00E9e de Jette",
"country": "BE",
"postcode": "1090",
"box_number": null,
"street_number": "574",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": 2,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Joost DE POTTER",
"firm_city": null,
"firm_name": null,
"office_city": "Sint-Joost-ten-Node",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-07-09",
"filing_date": "2024-07-05",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2024-07-03",
"unanimous": true
},
"subject_company": {
"kbo": "0898.563.953",
"name_full": "SP CONSTRUCT",
"legal_form": "BV"
},
"publication_proxy": {
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"org_kbo": null,
"org_name": null,
"person_name": "Joost DE POTTER",
"org_rep_person_name": null,
"person_role_at_subject": "Notaris"
},
"co_filed_documents": [
"uitgifte van de akte",
"geco\u00F6rdineerde statuten"
]
}| Legal nameFR | SP CONSTRUCT |