SSA GROUP
ActiveSSA GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259k and a net result of €102k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 92 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+6
Solvency54▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.09 in 2024; short-term debt: 23.6% and cash: 13.9% of total assets), and 70.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
29.4%
Return on assets
11.5%
Age of the figures
12 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 · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-01-2026, 104 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
104 d early
2024
97 d early
2023
99 d early
2022
76 d early
2021
96 d early
2020
95 d early
2019
101 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€259k▲ 31.2%
2024 · €198k
2018: €38k
2019: €63k
2020: €78k
2021: €121k
2022: €139k
2023: €158k
2024: €198k
2018 → 2025
Total assets
€882k▲ 12.4%
2024 · €785k
2018: €302k
2019: €201k
2020: €237k
2021: €281k
2022: €771k
2023: €743k
2024: €785k
2018 → 2025
Net result
€102k▲ 101%
2024 · €50k
2018: €10k
2019: €25k
2020: €15k
2021: €43k
2022: €17k
2023: €37k
2024: €50k
2018 → 2025
Working capital
€51k▲ 233%
2024 · €15k
2018: €4k
2019: €45k
2020: €63k
2021: €104k
2022: €65k
2023: €72k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€139k▲ 14.4%€158k▲ 13.8%€198k▲ 25.3%€259k▲ 31.2%
Operating result€63k-€25k▼ 59.9%€68k▲ 169%€88k▲ 30.5%€163k▲ 85.0%
Net result€43k-€17k▼ 59.7%€37k▲ 113%€50k▲ 35.9%€102k▲ 101%
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 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €882k
Fixed assets
€624k▲ 3.6%
Current assets
€258k▲ 41.5%
Equity and liabilities €882k
Equity
€259k▲ 31.2%
Debt
€623k▲ 6.1%
The debt ratio falls from 74.8% to 70.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€237k▲
2024 · €137k
Cash flow
€175k▲
2024 · €99k
Solvency
29.4%▲
2024 · 25.2%
Current ratio
1.24▲
2024 · 1.09
Quick ratio
1.17▲
2024 · 1.08
Debt / equity
2.40▼
2024 · 2.97
ROE
39.1%▲
2024 · 25.5%
ROA
11.5%▲
2024 · 6.4%
Interest coverage
14.62▲
2024 · 9.06
Debt
€623k▲
2024 · €587k
Debt ≤ 1 year
€208k▲
2024 · €167k
Debt > 1 year
€415k▼
2024 · €420k
Income taxes
€46k▲
2024 · €23k
Staff costs
€164k▼
2024 · €289k
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€785k€882k▲
Fixed assets21/28€602k€624k▲
Tangible fixed assets22/27€601k€623k▲
Land and buildings22€466k€450k▼
Plant, machinery and equipment23€29k€38k▲
Furniture and vehicles24€107k€134k▲
Financial fixed assets28€860€860=
Current assets29/58€183k€258k▲
Amounts receivable after more than one year29€15k-
Trade receivables290€15k-
Stocks and contracts in progress3€3k€16k▲
Stocks30/36€3k€16k▲
Amounts receivable within one year40/41€104k€108k▲
Trade receivables40€93k€105k▲
Other amounts receivable41€11k€3k▼
Cash at bank and in hand54/58€51k€123k▲
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€785k€882k▲
Equity10/15€198k€259k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Share premium1100/10€6k€6k=
Reserves13€191k€253k▲
Distributable reserves133€191k€253k▲
Amounts payable17/49€587k€623k▲
Amounts payable after more than one year17€420k€415k▼
Financial debts170/4€420k€415k▼
Amounts payable within one year42/48€167k€208k▲
Current portion of amounts payable after more than one year42€53k€66k▲
Trade debts44€66k€64k▼
Suppliers440/4€66k€64k▼
Advances received on contracts in progress46€3k€20k▲
Taxes, remuneration and social security45€43k€38k▼
Taxes450/3€7k€21k▲
Remuneration and social security454/9€35k€17k▼
Other amounts payable47/48€3k€20k▲
Income statement
Code20242025
Non-recurring operating income76A€33k€45k▲
Remuneration, social security and pensions62€289k€164k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€73k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€435k€409k▼
Operating profit (loss)9901€88k€163k▲
Financial income75/76B€730€677▼
Recurring financial income75€730€677▼
Financial charges65/66B€15k€16k▲
Recurring financial charges65€15k€16k▲
Profit (loss) for the period before taxes9903€74k€148k▲
Income taxes67/77€23k€46k▲
Profit (loss) for the period9904€50k€102k▲
Profit (loss) for the period to be appropriated9905€50k€102k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€102k▲
Transfer from equity791/2€10k€40k▲
Transfer to equity691/2€50k€102k▲
To other reserves6921€50k€102k▲
Profit to be distributed694/7€10k€40k▲
Return on contributions (dividend)694€10k€40k▲
Social balance
Average headcount (FTE)90875.92.5▼
The notes to these accounts (13 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
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €102k ▲101%
Operating result €163k, net result €102k, both a record.
30-09
Financial
Equity above €200kEq €259k ▲31.2%
8 profitable years in a row build equity to €259k.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €158k ▲13.8%
6 profitable years in a row build equity to €158k.
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €121k ▲55.5%
4 profitable years in a row build equity to €121k.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
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.
Directors · office · real estate
Directors
3 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, Zaventem · 3 establishment units since 2012
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.
Vilvoordelaan 871930 ZaventemGround area
475 m²
Building footprint
161 m²
Volume, LiDAR
1,430 m³
2 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
SSA GROUP
since 20122.213.275.724
Istanbul Grill
since 20252.381.022.772
Meydan Market
since 20262.386.213.856
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0324/00T002 | Flanders | 258 m² | 1 · 160 m² | 11.2 m · 3 fl. |
| 23094D0357/00T003 | Flanders | 217 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesZaventem2.381.022.772
Zaventem2.386.213.856
Similar companies · same sector, comparable size
Dieter Vandromme
BE 0758.510.801
Ledegem · Eq €259k
M-Projects
BE 0820.562.392
Herent · Eq €260k
ARKANI-PROJECTS
BE 0890.403.976
Mechelen · Eq €259k
AVADIS
BE 0827.390.006
Braine-l'Alleud · Eq €260k
ELECTRICITE, TRAVAUX et TECHNIQUE
BE 0452.500.446
Hannut · Eq €260k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 7,848 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2012
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
61100Wired, wireless and satellite telecommunications
61200Telecommunications resale and intermediation services
41001General construction of residential buildings
68122Development of non-residential building projects
43341Painting of buildings
43350Other building finishing work
43990Other specialised construction activities
43995Specialised construction activities
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
47271Retail trade
47279Other retail sale of food
61300Telecommunications
61900Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.