SPARROW CONSTRUCT
ActiveSPARROW CONSTRUCT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.07M and a net result of €-170k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
15
/ 100
Critical▼ -42 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-5
Solvency12▼-48
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.62 in 2024), and 82.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.3%
Return on assets
-2.8%
Age of the figures
8 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
17 d early
2023
89 d early
2022
42 d early
2022
28 d early
2021
33 d early
2020
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.07M▼ 13.7%
2024 · €1.24M
2019: €-206k
2020: €-215k
2021: €-200k
2022: €-187k
2022: €112k
2023: €104k
2024: €1.24M
2019 → 2025
Total assets
€6.17M▲ 129%
2024 · €2.69M
2019: €83k
2020: €85k
2021: €100k
2022: €112k
2022: €122k
2023: €260k
2024: €2.69M
2019 → 2025
Net result
€-170k
2024 · €12k
2019: €-8k
2020: €-8k
2021: €15k
2022: €12k
2022: €-1k
2023: €-9k
2024: €12k
2019 → 2025
Working capital
€-164k▼ 286%
2024 · €-43k
2019: €-286k
2020: €-295k
2021: €-280k
2022: €-269k
2022: €31k
2023: €214
2024: €-43k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222022202320242025Trend
Equity€-187k-€112k€104k▼ 7.6%€1.24M▲ 1,093%€1.07M▼ 13.7%
Operating result€13k-€-1k€-8k▼ 524%€54k€-27k
Net result€12k-€-1k€-9k▼ 535%€12k€-170k
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 turns negative in 2025: a loss of €27k after €54k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.17M
Fixed assets
€6.02M▲ 130%
Current assets
€153k▲ 119%
Equity and liabilities €6.17M
Equity
€1.07M▼ 13.7%
Debt
€5.10M▲ 252%
The debt ratio rises from 53.9% to 82.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€345k▲
2024 · €108k
Cash flow
€202k▲
2024 · €66k
Solvency
17.3%▼
2024 · 46.1%
Current ratio
0.48▼
2024 · 0.62
Quick ratio
0.48▼
2024 · 0.62
Debt / equity
4.77▲
2024 · 1.17
ROE
-15.9%▼
2024 · 0.9%
ROA
-2.8%▼
2024 · 0.4%
Interest coverage
2.41▼
2024 · 2.51
Debt
€5.10M▲
2024 · €1.45M
Debt ≤ 1 year
€318k▲
2024 · €112k
Debt > 1 year
€4.76M▲
2024 · €1.33M
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€2.69M€6.17M▲
Fixed assets21/28€2.62M€6.02M▲
Tangible fixed assets22/27€2.62M€6.02M▲
Land and buildings22€2.62M€6.02M▲
Assets under construction and advance payments27€0-
Financial fixed assets28€500€500=
Current assets29/58€70k€153k▲
Amounts receivable within one year40/41€21k€99k▲
Trade receivables40€21k€98k▲
Other amounts receivable41€0€720▲
Cash at bank and in hand54/58€49k€54k▲
Deferred charges and accrued income490/1€80€0▼
Equity and liabilities
Total equity and liabilities10/49€2.69M€6.17M▲
Equity10/15€1.24M€1.07M▼
Contributions10/11€1.45M€1.45M=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-207k€-377k▼
Amounts payable17/49€1.45M€5.10M▲
Amounts payable after more than one year17€1.33M€4.76M▲
Financial debts170/4€1.33M€4.76M▲
Amounts payable within one year42/48€112k€318k▲
Current portion of amounts payable after more than one year42€94k€310k▲
Trade debts44€820€7k▲
Suppliers440/4€820€7k▲
Other amounts payable47/48€18k€0▼
Accrued charges and deferred income492/3€14k€29k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€372k▲
Other operating charges640/8€11k€33k▲
Gross operating margin9900€119k€379k▲
Operating profit (loss)9901€54k€-27k▼
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€43k€143k▲
Recurring financial charges65€43k€143k▲
Profit (loss) for the period before taxes9903€12k€-170k▼
Profit (loss) for the period9904€12k€-170k▼
Profit (loss) for the period to be appropriated9905€12k€-170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-207k€-377k▼
Profit (loss) brought forward from the previous period14P€-218k€-207k▲
The notes to these accounts (19 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-170k ▼1577%
Net result drops to €-170k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.24M ▲1093%
Equity rises from €104k to €1.24M.
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 41current ratio 4.12
Current ratio from 0.10 to 4.12; short-term debt falls from €300k to €10k.
31-12
Financial
Equity above €100kEq €112k
Equity rises from €-187k to €112k.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
V.D.V.B.-IMMO
CurrentDirector · since 10-01-2023
VAN BELLEGHEM Hilde
CurrentVast vertegenwoordiger · since 10-01-2023
10-01-2023
V.D.V.B.-IMMO: Appointed as Director
10-01-2023
VAN BELLEGHEM Hilde: Appointed as Vast vertegenwoordiger
10-01-2023
MUS Patrick: Resigned as Director
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2000
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.
't Walletje 528300 Knokke-HeistGround area
1,918 m²
Building footprint
942 m²
Volume, LiDAR
7,154 m³
Parcel 31039F0126/00B002, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
METAALCONSTRUCTIES MUS
since 20002.115.811.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0126/00B002 | Flanders | 1,918 m² | 1 · 942 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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IMMO - RENO
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IMMO DON BOSCO
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Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 4,051 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2000
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.