SRSC
ActiveSummary
SRSC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€47,218) and a net result of €8,437. Equity is shrinking by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Real estate activities (NACE 68)
about 43% 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 14258 sector peers (2025).
NBB · sector comparisonPosition among 14258 sector peers
Solvency
better than 5%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
11 d early
2024
29 d late
2023
13 d early
2022
13 d early
2021
16 d early
2020
26 d late
2019
7 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 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€47,218▲ 15.2%
2024 · -€55,655
Total assets
€609▼ 59.5%
2024 · €1,502
Net result
€8,437
2024 · -€21,058
Working capital
-€47,218▲ 15.4%
2024 · -€55,797
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€10,974▲ 29.1%-€16,868▼ 53.7%€3,355-€20,954€8,886
Net result-€11,082below the sector's middle half▲ 27.5%-€17,226below the sector's middle half▼ 55.4%€2,835within the sector's middle half-€21,058below the sector's middle half€8,437within the sector's middle half
Equity-€20,206below the sector's middle half▼ 121%-€37,432below the sector's middle half▼ 85.3%-€34,597below the sector's middle half▲ 7.6%-€55,655below the sector's middle half▼ 60.9%-€47,218below the sector's middle half▲ 15.2%
Total assets€8,062below the sector's middle half▼ 63.5%€3,824below the sector's middle half▼ 52.6%€15,809below the sector's middle half▲ 313%€1,502below the sector's middle half▼ 90.5%€609below the sector's middle half▼ 59.5%
Debt€28,268▼ 9.4%€41,256▲ 45.9%€50,406▲ 22.2%€57,157▲ 13.4%€47,827▼ 16.3%
Working capital-€18,463within the sector's middle half▼ 76.4%-€31,876within the sector's middle half▼ 72.6%-€33,653within the sector's middle half▼ 5.6%-€55,797within the sector's middle half▼ 65.8%-€47,218within the sector's middle half▲ 15.4%
Solvency-250.6%below the sector's middle half▼ 209.3pp-218.8%below the sector's middle half
Current ratio0.20below the sector's middle half▼ 0.390.31below the sector's middle half
Return on assets (ROA)-137.5%below the sector's middle half▼ 68.2pp17.9%above the sector's middle half
Staff (FTE)0.8▲ 300%0.1▼ 87.5%0.3▲ 200%0.3=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,886 after a loss of €20,954 in 2024, the highest result in the available series.
Key figures and ratios
EBITDA
€9,028▲
2024 · -€20,647
Cash flow
€8,579▲
2024 · -€20,751
Interest coverage
19.67▲
2024 · -27.09
Debt ≤ 1 year
€47,827▼
2024 · €57,157
Staff costs
€207▼
2024 · €6,181
Ratios withheld: a balance sheet total of €609 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,180 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,830 | €5,695 | €5,132 | €6,181 | €207 | ▼ 96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,307 | €2,707 | €307 | €307 | €142 | ▼ 53.7% |
| Other operating charges640/8 | €141 | €112 | €115 | €126 | €401 | ▲ 218% |
| Gross operating margin9900 | €304 | -€8,354 | €8,909 | -€14,340 | €9,636 | ▲ 167% |
| Operating profit (loss)9901 | -€10,974 | -€16,868 | €3,355 | -€20,954 | €8,886 | ▲ 142% |
| Financial income75/76B | €191 | €56 | €8 | €658 | €10 | ▼ 98.5% |
| Recurring financial income75 | €191 | €56 | €8 | €658 | €10 | ▼ 98.5% |
| Financial charges65/66B | €299 | €414 | €528 | €762 | €459 | ▼ 39.8% |
| Recurring financial charges65 | €299 | €414 | €528 | €762 | €459 | ▼ 39.8% |
| Profit (loss) for the period before taxes9903 | -€11,082 | -€17,226 | €2,835 | -€21,058 | €8,437 | ▲ 140% |
| Profit (loss) for the period9904 | -€11,082 | -€17,226 | €2,835 | -€21,058 | €8,437 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | -€11,082 | -€17,226 | €2,835 | -€21,058 | €8,437 | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,062 | €3,824 | €15,809 | €1,502 | €609 | ▼ 59.5% |
| Fixed assets21/28 | €3,464 | €756 | €449 | €142 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €3,464 | €756 | €449 | €142 | €0 | ▼ 100% |
| Furniture and vehicles24 | €3,464 | €756 | €449 | €142 | €0 | ▼ 100% |
| Current assets29/58 | €4,599 | €3,067 | €15,360 | €1,360 | €609 | ▼ 55.2% |
| Amounts receivable within one year40/41 | €2,116 | €537 | €13,857 | €840 | €0 | ▼ 100% |
| Trade receivables40 | €1,632 | €537 | €7,260 | €0 | - | - |
| Other amounts receivable41 | €484 | €0 | €6,597 | €840 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2,482 | €1,264 | €1,498 | €509 | €598 | ▲ 17.4% |
| Deferred charges and accrued income490/1 | - | €1,267 | €5 | €11 | €11 | ▲ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,062 | €3,824 | €15,809 | €1,502 | €609 | ▼ 59.5% |
| Equity10/15 | -€20,206 | -€37,432 | -€34,597 | -€55,655 | -€47,218 | ▲ 15.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €4,170 | €4,170 | €4,170 | €4,170 | €4,170 | = |
| Distributable reserves133 | €4,170 | €4,170 | €4,170 | €4,170 | €4,170 | = |
| Profit (loss) carried forward14 | -€26,377 | -€43,602 | -€40,767 | -€61,825 | -€53,388 | ▲ 13.6% |
| Amounts payable17/49 | €28,268 | €41,256 | €50,406 | €57,157 | €47,827 | ▼ 16.3% |
| Amounts payable after more than one year17 | €4,107 | €2,762 | €1,393 | €0 | - | - |
| Financial debts170/4 | €4,107 | €2,762 | €1,393 | €0 | - | - |
| Amounts payable within one year42/48 | €23,062 | €34,944 | €49,013 | €57,157 | €47,827 | ▼ 16.3% |
| Current portion of amounts payable after more than one year42 | €1,321 | €1,345 | €1,369 | €1,393 | €0 | ▼ 100% |
| Trade debts44 | €5,195 | €6,533 | €1,282 | €5,288 | €2,996 | ▼ 43.3% |
| Suppliers440/4 | €5,195 | €6,533 | €1,282 | €5,288 | €2,996 | ▼ 43.3% |
| Advances received on contracts in progress46 | €4,362 | €11,169 | €10,231 | €6,286 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €12,184 | €14,275 | €18,672 | €18,990 | €22,167 | ▲ 16.7% |
| Taxes450/3 | €11,796 | €13,971 | €18,330 | €18,634 | €22,167 | ▲ 19.0% |
| Remuneration and social security454/9 | €388 | €304 | €342 | €357 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €1,622 | €17,459 | €25,199 | €22,664 | ▼ 10.1% |
| Accrued charges and deferred income492/3 | €1,100 | €3,550 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,082 | -€17,226 | €2,835 | -€21,058 | €8,437 | ▲ 140% |
| + Depreciation and write-downs630 | €3,307 | €2,707 | €307 | €307 | €142 | ▼ 53.7% |
| Operating cash flow (approximation) | -€7,775 | -€14,519 | €3,142 | -€20,751 | €8,579 | ▲ 141% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,219 | €234 | -€988 | €89 | ▲ 109% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €8,437
Net result €8,437 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€21,058
Net result drops to -€21,058, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,835
Net result €2,835 after 3 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €7,559
Net result €7,559 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Koksijde · 1 establishment unit since 2016
Ground area
319 m²
Building footprint
147 m²
Volume, LiDAR
1,114 m³
Parcel 38502G0487/00_000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SRSC
since 20162.259.547.197
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502G0487/00_000 | Flanders | 319 m² | 1 · 147 m² | 10.2 m · 3 fl. |
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.
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 1,115 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 (pre-2019)
Founded25-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
77221Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666690403
Also
9925:BE0666690403
Registered
14-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.