SRP
ActiveSummary
SRP has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,640 and a net result of -€667. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 789 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-9
Solvency50▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.87 in 2024; short-term debt: 44% and cash: 0% of total assets), and 75.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer 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 2025Solvency, return and age of the figures
Solvency
24.8%
Return on assets
-0.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-12-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
67 d early
2023
51 d early
2022
25 d early
2021
on the day
2020
2 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€538,219▲ 10.0%
2024 · €489,263
Net result
-€667
2024 · €13,159
Working capital
€17,915
2024 · -€30,533
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€74,409▲ 1,021%€15,074▼ 79.7%-€28,771€27,149€13,227▼ 51.3%
Net result€69,754€9,084▼ 87.0%-€36,170€13,159-€667
Equity€148,234▲ 88.9%€157,318▲ 6.1%€121,147▼ 23.0%€134,307▲ 10.9%€133,640▼ 0.5%
Total assets€572,030▲ 39.8%€442,819▼ 22.6%€460,741▲ 4.0%€489,263▲ 6.2%€538,219▲ 10.0%
Debt€423,796▲ 28.1%€285,502▼ 32.6%€339,594▲ 18.9%€354,956▲ 4.5%€404,579▲ 14.0%
Working capital-€74,764▲ 26.2%-€60,802▲ 18.7%-€67,567▼ 11.1%-€30,533▲ 54.8%€17,915
Staff (FTE)0.3
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 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €538,219
Fixed assets
€283,421 ▼ 1.1%
Current assets
€254,798 ▲ 25.7%
Equity and liabilities €538,219
Equity
€133,640 ▼ 0.5%
Debt
€404,579 ▲ 14.0%
Debt's share of the balance-sheet total rises from 72.5% to 75.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€49,360▼
2024 · €59,529
Cash flow
€35,467▼
2024 · €45,540
Current ratio
1.08▲
2024 · 0.87
Quick ratio
0.33▲
2024 · 0.19
Debt to equity
3.03▲
2024 · 2.64
ROE
-0.5%▼
2024 · 9.8%
ROA
-0.1%▼
2024 · 2.7%
Interest coverage
3.48▼
2024 · 4.14
Debt ≤ 1 year
€236,883▲
2024 · €233,242
Debt > 1 year
€167,696▲
2024 · €121,714
Staff costs
€18,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | - | €18,030 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,450 | €29,922 | €34,413 | €32,381 | €36,133 | ▲ 11.6% |
| Other operating charges640/8 | - | €2,052 | €2,121 | €2,607 | €2,954 | ▲ 13.3% |
| Gross operating margin9900 | €98,379 | €47,048 | €7,763 | €62,136 | €70,344 | ▲ 13.2% |
| Operating profit (loss)9901 | €74,409 | €15,074 | -€28,771 | €27,149 | €13,227 | ▼ 51.3% |
| Financial income75/76B | - | €174 | €128 | €405 | €298 | ▼ 26.5% |
| Recurring financial income75 | €577 | €174 | €128 | €405 | €298 | ▼ 26.5% |
| Financial charges65/66B | - | €6,164 | €7,527 | €14,395 | €14,191 | ▼ 1.4% |
| Recurring financial charges65 | €5,232 | €6,164 | €7,527 | €14,395 | €14,191 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €69,754 | €9,084 | -€36,170 | €13,159 | -€667 | ▼ 105% |
| Profit (loss) for the period9904 | €69,754 | €9,084 | -€36,170 | €13,159 | -€667 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | €69,754 | €9,084 | -€36,170 | €13,159 | -€667 | ▼ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €572,030 | €442,819 | €460,741 | €489,263 | €538,219 | ▲ 10.0% |
| Fixed assets21/28 | €268,500 | €288,469 | €291,984 | €286,554 | €283,421 | ▼ 1.1% |
| Tangible fixed assets22/27 | €268,500 | €288,469 | €291,984 | €286,554 | €283,421 | ▼ 1.1% |
| Land and buildings22 | - | €172,854 | €180,815 | €161,951 | €175,858 | ▲ 8.6% |
| Plant, machinery and equipment23 | - | €95,592 | €96,461 | €110,093 | €101,444 | ▼ 7.9% |
| Furniture and vehicles24 | - | €20,022 | €14,708 | €14,510 | €6,119 | ▼ 57.8% |
| Current assets29/58 | €303,530 | €154,351 | €168,757 | €202,709 | €254,798 | ▲ 25.7% |
| Stocks and contracts in progress3 | €253,745 | €145,315 | €146,328 | €159,342 | €175,497 | ▲ 10.1% |
| Stocks30/36 | - | €145,315 | €146,328 | €159,342 | €175,497 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €47,470 | €4,926 | €22,260 | €39,373 | €79,302 | ▲ 101% |
| Trade receivables40 | - | €3,922 | €19,015 | €39,373 | €78,524 | ▲ 99.4% |
| Other amounts receivable41 | - | €1,004 | €3,245 | €0 | €777 | - |
| Cash at bank and in hand54/58 | €2,315 | €4,110 | €169 | €2,838 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €1,156 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €572,030 | €442,819 | €460,741 | €489,263 | €538,219 | ▲ 10.0% |
| Equity10/15 | €148,234 | €157,318 | €121,147 | €134,307 | €133,640 | ▼ 0.5% |
| Contributions10/11 | - | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Reserves13 | €186 | €186 | €186 | €186 | €186 | = |
| Non-distributable reserves130/1 | - | €186 | €186 | €0 | - | - |
| Reserves not available under the articles1311 | - | €186 | €186 | €0 | - | - |
| Distributable reserves133 | - | - | - | €186 | €186 | = |
| Profit (loss) carried forward14 | €25,048 | €34,132 | -€2,038 | €11,121 | €10,454 | ▼ 6.0% |
| Amounts payable17/49 | €423,796 | €285,502 | €339,594 | €354,956 | €404,579 | ▲ 14.0% |
| Amounts payable after more than one year17 | €45,503 | €70,349 | €103,270 | €121,714 | €167,696 | ▲ 37.8% |
| Financial debts170/4 | - | €70,349 | €103,270 | €121,714 | €167,696 | ▲ 37.8% |
| Amounts payable within one year42/48 | €378,293 | €215,153 | €236,324 | €233,242 | €236,883 | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €28,960 | €16,993 | €9,911 | €29,769 | ▲ 200% |
| Financial debts43 | - | €80,000 | €80,000 | €80,000 | €29,212 | ▼ 63.5% |
| Credit institutions430/8 | - | €80,000 | €80,000 | €80,000 | €29,212 | ▼ 63.5% |
| Trade debts44 | €48,601 | €1,343 | €27,156 | €13,949 | €40,106 | ▲ 188% |
| Suppliers440/4 | - | €1,343 | €27,156 | €13,949 | €40,106 | ▲ 188% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €0 | - | €2,721 | €3,666 | ▲ 34.7% |
| Taxes450/3 | - | - | - | €2,721 | €907 | ▼ 66.7% |
| Remuneration and social security454/9 | - | €0 | - | - | €2,759 | - |
| Other amounts payable47/48 | - | €104,851 | €112,175 | €126,660 | €134,130 | ▲ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,754 | €9,084 | -€36,170 | €13,159 | -€667 | ▼ 105% |
| + Depreciation and write-downs630 | €20,450 | €29,922 | €34,413 | €32,381 | €36,133 | ▲ 11.6% |
| Operating cash flow (approximation) | €90,204 | €39,006 | -€1,758 | €45,540 | €35,467 | ▼ 22.1% |
| Investment in fixed assets (approximation) | - | -€49,890 | -€37,928 | -€26,950 | -€33,000 | ▼ 22.4% |
| Change in cash | - | €1,795 | -€3,940 | €2,669 | -€2,838 | ▼ 206% |
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
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €13,159
Net result €13,159 after one loss-making year.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet -€36,170
Net result drops to -€36,170, the lowest in the series; recovery starts the following year.
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €150,000Eq €157,318 ▲6.1%
2 profitable years in a row build equity to €157,318.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €69,754
Net result €69,754 after one loss-making year.
30-06
Financial
Equity above €100,000Eq €148,234 ▲88.9%
Equity rises from €78,480 to €148,234.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Raeren · 1 establishment unit since 1993
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.
Eupener Strasse 1124731 Raeren1 establishment unit
Eupener Strasse 112, 4731 Raeren
since 19932.102.884.576
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 459 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
Founded07-01-1993
Fiscal year end30-06
Activities, NACEBEL 2025
25991Manufacture of fabricated metal products, except machinery and equipment
78200Temporary employment agencies and other provision of personnel
46711Wholesale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46496Wholesale trade
47639Retail sale of other sporting goods
Scores and ratios are computed by Checked and are not a credit decision.