SRJ CONSTRUCTION
ActiveSummary
SRJ CONSTRUCTION has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €9k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 91% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+9
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 6.72 against 3.69 in 2024; short-term debt: 14.5% and cash: 12.5% of total assets), and 14.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
85.5%
Return on assets
20.7%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 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 · 10 filingsDeviation from the deadline
2025
34 d late
2024
35 d late
2023
65 d late
2022
45 d late
2021
59 d late
2020
30 d late
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€37k▲ 31.9%
2024 · €28k
2018: €10klowest in 8 years
2019: €11k▲ +11.1% vs 2018
2020: €12k▲ +12.3% vs 2019
2021: €16k▲ +29.9% vs 2020
2022: €19k▲ +19.7% vs 2021
2023: €23k▲ +20.4% vs 2022
2024: €28k▲ +23.3% vs 2023
2025: €37k▲ +31.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€43k▲ 14.1%
2024 · €38k
2018: €13k
2019: €12k▼ -6.8% vs 2018lowest in 8 years
2020: €13k▲ +5.0% vs 2019
2021: €17k▲ +36.6% vs 2020
2022: €51k▲ +195% vs 2021highest in 8 years
2023: €34k▼ -33.2% vs 2022
2024: €38k▲ +11.7% vs 2023
2025: €43k▲ +14.1% vs 2024
2018 → 2025
Net result
€9k▲ 68.8%
2024 · €5k
2018: €1k
2019: €1k▼ -3.4% vs 2018lowest in 8 years
2020: €1k▲ +23.8% vs 2019
2021: €4k▲ +172% vs 2020
2022: €3k▼ -14.4% vs 2021
2023: €4k▲ +24.3% vs 2022
2024: €5k▲ +37.4% vs 2023
2025: €9k▲ +68.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€36k▲ 35.0%
2024 · €26k
2018: €10klowest in 8 years
2019: €11k▲ +10.8% vs 2018
2020: €11k▼ -2.0% vs 2019
2021: €16k▲ +48.8% vs 2020
2022: €19k▲ +19.7% vs 2021
2023: €21k▲ +10.9% vs 2022
2024: €26k▲ +27.0% vs 2023
2025: €36k▲ +35.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€19k▲ 19.7%€23k▲ 20.4%€28k▲ 23.3%€37k▲ 31.9%
2021: €16klowest in 5 years
2022: €19k▲ +19.7% vs 2021
2023: €23k▲ +20.4% vs 2022
2024: €28k▲ +23.3% vs 2023
2025: €37k▲ +31.9% vs 2024highest in 5 years
Operating result€4k-€4k▼ 8.9%€5k▲ 28.3%€7k▲ 45.1%€12k▲ 59.2%
2021: €4k
2022: €4k▼ -8.9% vs 2021lowest in 5 years
2023: €5k▲ +28.3% vs 2022
2024: €7k▲ +45.1% vs 2023
2025: €12k▲ +59.2% vs 2024highest in 5 years
Net result€4k-€3k▼ 14.4%€4k▲ 24.3%€5k▲ 37.4%€9k▲ 68.8%
2021: €4k
2022: €3k▼ -14.4% vs 2021lowest in 5 years
2023: €4k▲ +24.3% vs 2022
2024: €5k▲ +37.4% vs 2023
2025: €9k▲ +68.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €43k
Equity
€37k ▲ 31.9%
Debt
€6k ▼ 36.4%
Debt's share of the balance-sheet total falls from 26.0% to 14.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▲
2024 · €8k
Cash flow
€9k▲
2024 · €6k
Current ratio
6.72▲
2024 · 3.69
Debt to equity
0.17▼
2024 · 0.35
ROE
24.2%▲
2024 · 18.9%
ROA
20.7%▲
2024 · 14.0%
Interest coverage
52.24▲
2024 · 11.85
Debt ≤ 1 year
€6k▼
2024 · €10k
Income taxes
€2k▲
2024 · €2k
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€38k€43k▲
Formation expenses20€1k€1k▼
Current assets29/58€36k€42k▲
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Amounts receivable within one year40/41€31k€37k▲
Trade receivables40€25k€29k▲
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€45€5k▲
Equity and liabilities
Total equity and liabilities10/49€38k€43k▲
Equity10/15€28k€37k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€6k€6k=
Reserves13€251€251=
Distributable reserves133€251€251=
Profit (loss) carried forward14€21k€30k▲
Amounts payable17/49€10k€6k▼
Amounts payable within one year42/48€10k€6k▼
Trade debts44€3k-
Suppliers440/4€3k-
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€5k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€360€360=
Other operating charges640/8€741€2k▲
Gross operating margin9900€8k€14k▲
Operating profit (loss)9901€7k€12k▲
Financial income75/76B€294€23▼
Recurring financial income75€294€23▼
Financial charges65/66B€643€228▼
Recurring financial charges65€643€228▼
Profit (loss) for the period before taxes9903€7k€11k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€5k€9k▲
Profit (loss) for the period to be appropriated9905€5k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€30k▲
Profit (loss) brought forward from the previous period14P€16k€21k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | - | €15 | €360 | €360 | = |
| Other operating charges640/8 | €997 | €1k | €870 | €741 | €2k | ▲ 181% |
| Gross operating margin9900 | €7k | €5k | €6k | €8k | €14k | ▲ 67.5% |
| Operating profit (loss)9901 | €4k | €4k | €5k | €7k | €12k | ▲ 59.2% |
| Financial income75/76B | €464 | €710 | €15 | €294 | €23 | ▼ 92.3% |
| Recurring financial income75 | €464 | €710 | €15 | €294 | €23 | ▼ 92.3% |
| Financial charges65/66B | €153 | €682 | €140 | €643 | €228 | ▼ 64.5% |
| Recurring financial charges65 | €153 | €682 | €140 | €643 | €228 | ▼ 64.5% |
| Profit (loss) for the period before taxes9903 | €5k | €4k | €5k | €7k | €11k | ▲ 64.3% |
| Income taxes67/77 | €980 | €838 | €1k | €2k | €2k | ▲ 49.6% |
| Profit (loss) for the period9904 | €4k | €3k | €4k | €5k | €9k | ▲ 68.8% |
| Profit (loss) for the period to be appropriated9905 | €4k | €3k | €4k | €5k | €9k | ▲ 68.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €51k | €34k | €38k | €43k | ▲ 14.1% |
| Formation expenses20 | - | - | €2k | €1k | €1k | ▼ 25.3% |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Current assets29/58 | €17k | €51k | €32k | €36k | €42k | ▲ 15.7% |
| Stocks and contracts in progress3 | €3k | €10k | €9k | €5k | - | - |
| Stocks30/36 | €3k | €10k | €9k | €5k | - | - |
| Amounts receivable within one year40/41 | €13k | €33k | €22k | €31k | €37k | ▲ 18.1% |
| Trade receivables40 | €3k | €23k | €19k | €25k | €29k | ▲ 14.6% |
| Other amounts receivable41 | €10k | €10k | €4k | €6k | €8k | ▲ 32.7% |
| Cash at bank and in hand54/58 | €462 | €7k | €799 | €45 | €5k | ▲ 11,844% |
| Deferred charges and accrued income490/1 | €403 | €53 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €51k | €34k | €38k | €43k | ▲ 14.1% |
| Equity10/15 | €16k | €19k | €23k | €28k | €37k | ▲ 31.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | €6k | €6k | = |
| Issued capital100 | €19k | - | - | €6k | €6k | = |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Outside capital11 | - | €6k | €6k | - | - | - |
| Other1109/19 | - | €6k | €6k | - | - | - |
| Reserves13 | €251 | €251 | €251 | €251 | €251 | = |
| Non-distributable reserves130/1 | €251 | €251 | €251 | - | - | - |
| Legal reserve130 | €251 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €251 | €251 | - | - | - |
| Distributable reserves133 | - | - | - | €251 | €251 | = |
| Profit (loss) carried forward14 | €9k | €12k | €16k | €21k | €30k | ▲ 41.5% |
| Amounts payable17/49 | €1k | €32k | €11k | €10k | €6k | ▼ 36.4% |
| Amounts payable within one year42/48 | €1k | €32k | €11k | €10k | €6k | ▼ 36.4% |
| Trade debts44 | - | €517 | €4k | €3k | - | - |
| Suppliers440/4 | - | €517 | €4k | €3k | - | - |
| Advances received on contracts in progress46 | - | €29k | €2k | - | €2k | - |
| Taxes, remuneration and social security45 | €1k | €2k | €2k | €3k | €4k | ▲ 52.7% |
| Taxes450/3 | €1k | €2k | €2k | €3k | €4k | ▲ 52.7% |
| Other amounts payable47/48 | - | - | €4k | €5k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €3k | €4k | €5k | €9k | ▲ 68.8% |
| + Depreciation and write-downs630 | €2k | - | €15 | €360 | €360 | = |
| Operating cash flow (approximation) | €5k | €3k | €4k | €6k | €9k | ▲ 64.4% |
| Change in cash | - | €6k | €-6k | €-755 | €5k | ▲ 805% |
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
Next filing, fiscal year 2026, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 34 days late
2025
31-12
Financial
Highest result since 2018net €9k ▲68.8%
Operating result €12k, net result €9k, both a record.
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 24.93
Current ratio from 10.17 to 24.93; short-term debt falls from €1k to €441.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Weakest financial yearnet €1k ▼3.4%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 10.17
Current ratio from 4.15 to 10.17; short-term debt falls from €3k to €1k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Ronse · 1 establishment unit since 2012
Ground area
51 m²
Building footprint
82 m²
Parcel 45422C0333/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
J & S Trading
since 20122.209.835.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0333/00C000 | Flanders | 51 m² | 1 · 82 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.
Similar companies · same sector, comparable size
DIRAMA
BE 0759.435.863
Schilde · Eq €36,805
COREMA BELGIUM
BE 0841.258.036
Oudergem · Eq €36,781
AFT BATI
BE 0568.896.288
Sint-Joost-ten-Node · Eq €36,753
W&N
BE 0794.121.182
Ganshoren · Eq €36,752
A.G
BE 0695.502.074
Zaventem · Eq €36,746
Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,866 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
Founded30-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.