SSE
ActiveSummary
The computed 12-month bankruptcy probability of SSE is 2.2% (moderate). The 2025 annual accounts show equity of €56,616 and a net result of €23,253. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 75% of 28254 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+19
Solvency95▲+17
Growth78=
Track record92
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 3.21 against 1.96 in 2024; short-term debt: 30.2% and cash: 34% of total assets), and 30.2% of the assets are financed with debt.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
69.8%
Return on assets
28.7%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
13 d late
2023
on the day
2022
22 d late
2021
2 d early
2020
26 d late
2019
32 d late
← 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 13 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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 1 August (5 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
€56,616▲ 69.7%
2024 · €33,363
Total assets
€81,106▲ 27.8%
2024 · €63,442
Net result
€23,253▲ 273%
2024 · €6,236
Working capital
€54,010▲ 87.2%
2024 · €28,857
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€3,120▲ 242%-€18,349-€2,067▲ 88.7%€4,281€28,372▲ 563%
Net result€2,546within the sector's middle half-€16,907below the sector's middle half-€766below the sector's middle half▲ 95.5%€6,236within the sector's middle half€23,253within the sector's middle half▲ 273%
Equity€44,800within the sector's middle half▲ 6.0%€27,893within the sector's middle half▼ 37.7%€27,126within the sector's middle half▼ 2.7%€33,363within the sector's middle half▲ 23.0%€56,616within the sector's middle half▲ 69.7%
Total assets€89,698within the sector's middle half▼ 29.4%€78,599within the sector's middle half▼ 12.4%€52,835below the sector's middle half▼ 32.8%€63,442below the sector's middle half▲ 20.1%€81,106within the sector's middle half▲ 27.8%
Debt€44,897▼ 47.1%€50,706▲ 12.9%€25,709▼ 49.3%€30,079▲ 17.0%€24,490▼ 18.6%
Working capital€31,318within the sector's middle half▲ 4.6%€14,670within the sector's middle half▼ 53.2%€20,562within the sector's middle half▲ 40.2%€28,857within the sector's middle half▲ 40.3%€54,010within the sector's middle half▲ 87.2%
Solvency49.9%within the sector's middle half▲ 16.7pp35.5%within the sector's middle half▼ 14.5pp51.3%within the sector's middle half▲ 15.9pp52.6%within the sector's middle half▲ 1.2pp69.8%within the sector's middle half▲ 17.2pp
Current ratio1.90within the sector's middle half▲ 0.421.29within the sector's middle half▼ 0.611.80within the sector's middle half▲ 0.511.96within the sector's middle half▲ 0.163.21within the sector's middle half▲ 1.25
Return on assets (ROA)2.8%within the sector's middle half▲ 6.0pp-21.5%below the sector's middle half▼ 24.3pp-1.5%below the sector's middle half▲ 20.1pp9.8%within the sector's middle half▲ 11.3pp28.7%above the sector's middle half▲ 18.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 563% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,106
Fixed assets
€2,606 ▼ 42.2%
Current assets
€78,500 ▲ 33.2%
Equity and liabilities €81,106
Equity
€56,616 ▲ 69.7%
Debt
€24,490 ▼ 18.6%
Debt's share of the balance-sheet total falls from 47.4% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,272▲
2024 · €6,919
Cash flow
€25,153▲
2024 · €8,874
Debt to equity
0.43▼
2024 · 0.90
ROE
41.1%▲
2024 · 18.7%
Interest coverage
159.28▲
2024 · 34.28
Debt ≤ 1 year
€24,490▼
2024 · €30,079
Income taxes
€6,983▲
2024 · €0
Staff costs
€55,123▼
2024 · €62,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 34,696 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €17,123 | €6,353 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €29,039 | €30,201 | €35,830 | €62,801 | €55,123 | ▼ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,853 | €14,056 | €8,117 | €2,638 | €1,900 | ▼ 28.0% |
| Other operating charges640/8 | €1,380 | €2,078 | €1,177 | €866 | €889 | ▲ 2.6% |
| Gross operating margin9900 | €48,392 | €27,986 | €43,057 | €70,586 | €86,284 | ▲ 22.2% |
| Operating profit (loss)9901 | €3,120 | -€18,349 | -€2,067 | €4,281 | €28,372 | ▲ 563% |
| Financial income75/76B | €2,619 | €2,094 | €1,695 | €2,157 | €2,053 | ▼ 4.8% |
| Recurring financial income75 | €2,619 | €2,094 | €1,695 | €2,157 | €2,053 | ▼ 4.8% |
| Financial charges65/66B | €1,017 | €483 | €318 | €202 | €190 | ▼ 5.8% |
| Recurring financial charges65 | €1,017 | €483 | €318 | €202 | €190 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €4,722 | -€16,738 | -€691 | €6,236 | €30,235 | ▲ 385% |
| Income taxes67/77 | €2,175 | €170 | €75 | €0 | €6,983 | - |
| Profit (loss) for the period9904 | €2,546 | -€16,907 | -€766 | €6,236 | €23,253 | ▲ 273% |
| Profit (loss) for the period to be appropriated9905 | €2,546 | -€16,907 | -€766 | €6,236 | €23,253 | ▲ 273% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,698 | €78,599 | €52,835 | €63,442 | €81,106 | ▲ 27.8% |
| Fixed assets21/28 | €23,589 | €13,223 | €6,564 | €4,506 | €2,606 | ▼ 42.2% |
| Tangible fixed assets22/27 | €22,289 | €11,923 | €5,264 | €3,206 | €1,306 | ▼ 59.3% |
| Plant, machinery and equipment23 | €2,077 | €1,686 | €919 | €785 | €652 | ▼ 17.0% |
| Furniture and vehicles24 | €20,212 | €10,237 | €4,345 | €2,421 | €654 | ▼ 73.0% |
| Financial fixed assets28 | €1,300 | €1,300 | €1,300 | €1,300 | €1,300 | = |
| Current assets29/58 | €66,108 | €65,376 | €46,271 | €58,936 | €78,500 | ▲ 33.2% |
| Amounts receivable within one year40/41 | €42,754 | €54,378 | €40,548 | €43,922 | €49,770 | ▲ 13.3% |
| Trade receivables40 | €12,095 | €20,215 | €4,435 | €4,435 | €10,573 | ▲ 138% |
| Other amounts receivable41 | €30,660 | €34,163 | €36,113 | €39,486 | €39,197 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €20,104 | €7,551 | €4,712 | €14,235 | €27,550 | ▲ 93.5% |
| Deferred charges and accrued income490/1 | €3,250 | €3,448 | €1,011 | €779 | €1,180 | ▲ 51.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,698 | €78,599 | €52,835 | €63,442 | €81,106 | ▲ 27.8% |
| Equity10/15 | €44,800 | €27,893 | €27,126 | €33,363 | €56,616 | ▲ 69.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €38,600 | €38,600 | €38,600 | €38,600 | €50,416 | ▲ 30.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €36,740 | €36,740 | €36,740 | €36,740 | €48,556 | ▲ 32.2% |
| Profit (loss) carried forward14 | - | -€16,907 | -€17,674 | -€11,437 | €0 | ▲ 100% |
| Amounts payable17/49 | €44,897 | €50,706 | €25,709 | €30,079 | €24,490 | ▼ 18.6% |
| Amounts payable after more than one year17 | €10,107 | €0 | - | - | - | - |
| Financial debts170/4 | €10,107 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €34,790 | €50,706 | €25,709 | €30,079 | €24,490 | ▼ 18.6% |
| Current portion of amounts payable after more than one year42 | €11,926 | €10,107 | €0 | - | - | - |
| Financial debts43 | €96 | €176 | €33 | €169 | €0 | ▼ 100% |
| Credit institutions430/8 | €96 | €176 | €33 | - | - | - |
| Other loans439 | - | - | - | €169 | €0 | ▼ 100% |
| Trade debts44 | €5,909 | €22,474 | €8,786 | €7,683 | €5,421 | ▼ 29.4% |
| Suppliers440/4 | €5,909 | €22,474 | €8,786 | €7,683 | €5,421 | ▼ 29.4% |
| Taxes, remuneration and social security45 | €16,859 | €17,949 | €16,890 | €22,226 | €19,069 | ▼ 14.2% |
| Taxes450/3 | €1,395 | €170 | €75 | €0 | €3,907 | - |
| Remuneration and social security454/9 | €15,464 | €17,779 | €16,814 | €22,226 | €15,161 | ▼ 31.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,546 | -€16,907 | -€766 | €6,236 | €23,253 | ▲ 273% |
| + Depreciation and write-downs630 | €14,853 | €14,056 | €8,117 | €2,638 | €1,900 | ▼ 28.0% |
| Operating cash flow (approximation) | €17,400 | -€2,851 | €7,350 | €8,874 | €25,153 | ▲ 183% |
| Investment in fixed assets (approximation) | - | -€3,690 | -€1,458 | -€579 | €0 | ▲ 100% |
| Change in cash | - | -€12,554 | -€2,839 | €9,523 | €13,315 | ▲ 39.8% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
05-05
KBO administration
Address struck
event 03-03-2026
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Back to profitnet €6,236
Net result €6,236 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€16,907
Net result drops to -€16,907, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,546
Net result €2,546 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €29,360
Net result €29,360 after one loss-making year.
Show earlier events
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Sint-Pieters-Leeuw · 1 establishment unit since 2010
Ground area
1,697 m²
Building footprint
455 m²
Volume, LiDAR
3,992 m³
2 parcels, Brussels, Flanders · tallest building 15.7 m, ±5 floors. Linked by address, not a title deed.
515
companies at this address
See who is registered here
1 establishment unit
Euroroof
since 20102.193.783.078
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 21012A0164/00Z004 | Brussels | 59 m² | 1 · 57 m² | 15.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,162 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
Founded22-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829471744
Also
9925:BE0829471744
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.