SR industries
ActiveThe computed 12-month bankruptcy probability of SR industries is 2.6% (moderate). The 2025 annual accounts show equity of €4k and a net result of €75k. Equity is shrinking by ~41.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 26784 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+3
Solvency7▼-15
Growth72▲+22
Stability94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 1.01 in 2024), and 98.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
1.2%
Return on assets
23.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 26784 sector peers (2025).
NBB · sector comparisonPosition among 26784 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
21 d late
2024
28 d late
2023
59 d late
← 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
06-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€261k▲ 121%
2024 · €118k
2023: €114k
2024: €118k
2023 → 2025
EBIT margin
41.2%▲ 19.3pp
2024 · 21.8%
2023: 27.2%
2024: 21.8%
2023 → 2025
Net result
€75k▲ 392%
2024 · €15k
2023: €20k
2024: €15k
2023 → 2025
Working capital
€-33k
2024 · €252
2023: €18k
2024: €252
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€114k-€118k▲ 3.9%€261k▲ 121%
Equity€23k-€39k▲ 65.5%€4k▼ 89.9%
Operating result€31k-€26k▼ 16.6%€107k▲ 317%
Net result€20k-€15k▼ 24.8%€75k▲ 392%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 317% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323k
Fixed assets
€196k▼ 3.4%
Current assets
€127k▲ 227%
Equity and liabilities €323k
Equity
€4k▼ 89.9%
Debt
€319k▲ 57.3%
The debt ratio rises from 84.0% to 98.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€129k▲
2024 · €44k
Cash flow
€97k▲
2024 · €34k
Solvency
1.2%▼
2024 · 16.0%
Current ratio
0.79▼
2024 · 1.01
Quick ratio
0.79▼
2024 · 1.01
Debt / equity
81.66▲
2024 · 5.25
ROE
1925.0%▲
2024 · 39.6%
ROA
23.3%▲
2024 · 6.3%
Interest coverage
22.67▲
2024 · 9.57
Debt
€319k▲
2024 · €203k
Debt ≤ 1 year
€161k▲
2024 · €39k
Debt > 1 year
€159k▼
2024 · €164k
Income taxes
€27k▲
2024 · €6k
Staff costs
€5k▲
2024 · €1k
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
Total assets
20/58€242k€323k▲
Fixed assets
21/28€203k€196k▼
Tangible fixed assets
22/27€203k€196k▼
Current assets
29/58€39k€127k▲
Amounts receivable within one year
40/41€30k€42k▲
Cash & bank
54/58€9k€86k▲
Total equity & liabilities
10/49€242k€323k▲
Equity
10/15€39k€4k▼
Contributions / capital
10/11€3k€3k=
Accumulated profits (losses)
14€36k€909▼
Amounts payable
17/49€203k€319k▲
Amounts payable after one year
17€164k€159k▼
Amounts payable within one year
42/48€39k€161k▲
Trade debts payable within one year
44€8k-
Income statement
Code20242025
Turnover
70€118k€261k▲
Gross operating margin
9900€47k€136k▲
Operating result
9901€26k€107k▲
Financial charges
65€5k€6k▲
Result before taxes
9903€21k€102k▲
Income taxes
67/77€6k€27k▲
Net result for the period
9904€15k€75k▲
Result to be appropriated
9905€15k€75k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
08-05
State Gazette act
Open capture
Seat change · General meeting · Act object
2025
31-12
Financial
Highest result since 2023net €75k ▲392%
Operating result €107k, net result €75k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €15k ▼24.8%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2022
29-11
State Gazette act
Incorporation
oprichting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 2 acts read
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
SIKIER DECOR
BE 0473.226.970
Anderlecht · Eq €4k
Zaudig
BE 0422.043.238
Jette · Eq €4k
Atelier X
BE 1001.600.719
Stekene · Eq €4k
Style Intérieur SRL
BE 0747.487.542
Tournai · Eq €4k
BELLE RENO'V
BE 0800.967.008
Lessines · Eq €4k
Of 7,808 companies in sector 43341 we hold annual accounts for 2,611. 956 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2022
Fiscal year end31-12
Trade name FR
SR paint
Activities, NACEBEL
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
43342Specialised construction activities
46130Agents in the wholesale of timber and building materials
47521Retail sale of hardware, building materials, paint and glass (general range)
47530Retail trade
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 2 actsNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-08-2026. Scores and ratios are computed by Checked and are not a credit decision.