SSE Projects
ActiveSummary
The computed 12-month bankruptcy probability of SSE Projects is 3.4% (moderate). The 2024 annual accounts show negative equity (-€148,371) and a net result of -€282,404. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 8% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-70
Solvency13▼-31
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.21 against 2.05 in 2023; short-term debt: 67% and cash: 21.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2024Solvency, return and age of the figures
Solvency
-12.3%
Return on assets
-23.5%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€148,371
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
27 d late
2022
24 d late
2021
5 d late
2020
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
In the rankings
#5 company by total assets in Begijnendijk, Construction sector
Equity
-€148,371
2023 · €134,033
Total assets
€1.2m▲ 72.6%
2023 · €696,943
Net result
-€282,404
2023 · €9,101
Working capital
€172,712▼ 37.7%
2023 · €277,446
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
Line20202021202220232024
Operating result€1,820-€89,594▲ 4,822%€40,975▼ 54.3%€14,739▼ 64.0%-€239,273
Net result€1,437-€73,479▲ 5,015%€35,017▼ 52.3%€9,101▼ 74.0%-€282,404
Equity€16,437-€89,915▲ 447%€124,932▲ 38.9%€134,033▲ 7.3%-€148,371
Total assets€303,531-€438,283▲ 44.4%€601,631▲ 37.3%€696,943▲ 15.8%€1.2m▲ 72.6%
Debt€287,094-€348,368▲ 21.3%€476,699▲ 36.8%€562,910▲ 18.1%€1.4m▲ 140%
Working capital-€73,014-€11,833€176,564▲ 1,392%€277,446▲ 57.1%€172,712▼ 37.7%
Staff (FTE)0.3-1▲ 233%1.8▲ 80.0%2.3▲ 27.8%2▼ 13.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €239,273 after €14,739 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€224,135 ▲ 44.0%
Current assets
€979,033 ▲ 80.9%
Key figures and ratios
EBITDA
-€188,935▼
2023 · €59,502
Cash flow
-€232,066▼
2023 · €53,865
Solvency
-12.3%▼
2023 · 19.2%
Current ratio
1.21▼
2023 · 2.05
Debt to equity
-9.11▼
2023 · 4.20
ROA
-23.5%▼
2023 · 1.3%
Interest coverage
-4.37▼
2023 · 14.84
Debt ≤ 1 year
€806,321▲
2023 · €263,859
Debt > 1 year
€545,217▲
2023 · €299,051
Income taxes
€0▼
2023 · €1,643
Staff costs
€112,211▼
2023 · €113,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €39,883 | €78,223 | €113,330 | €112,211 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,336 | €30,226 | €42,738 | €44,763 | €50,338 | ▲ 12.5% |
| Other operating charges640/8 | - | €690 | €882 | €2,134 | €4,757 | ▲ 123% |
| Gross operating margin9900 | €24,152 | €160,394 | €162,817 | €174,967 | -€71,966 | ▼ 141% |
| Operating profit (loss)9901 | €1,820 | €89,594 | €40,975 | €14,739 | -€239,273 | ▼ 1,723% |
| Financial income75/76B | - | €6 | €17 | €16 | €77 | ▲ 375% |
| Recurring financial income75 | €1 | €6 | €17 | €16 | €77 | ▲ 375% |
| Financial charges65/66B | - | €506 | €2,122 | €4,011 | €43,208 | ▲ 977% |
| Recurring financial charges65 | €59 | €506 | €2,122 | €4,011 | €43,208 | ▲ 977% |
| Profit (loss) for the period before taxes9903 | €1,762 | €89,094 | €38,870 | €10,744 | -€282,404 | ▼ 2,728% |
| Income taxes67/77 | €326 | €15,615 | €3,854 | €1,643 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1,437 | €73,479 | €35,017 | €9,101 | -€282,404 | ▼ 3,203% |
| Profit (loss) for the period to be appropriated9905 | €1,437 | €73,479 | €35,017 | €9,101 | -€282,404 | ▼ 3,203% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303,531 | €438,283 | €601,631 | €696,943 | €1.2m | ▲ 72.6% |
| Fixed assets21/28 | €89,450 | €109,567 | €158,740 | €155,638 | €224,135 | ▲ 44.0% |
| Tangible fixed assets22/27 | €89,450 | €109,567 | €158,740 | €155,638 | €224,135 | ▲ 44.0% |
| Plant, machinery and equipment23 | - | €35,924 | €102,001 | €82,317 | €117,237 | ▲ 42.4% |
| Furniture and vehicles24 | - | €73,643 | €56,740 | €73,321 | €106,898 | ▲ 45.8% |
| Current assets29/58 | €214,081 | €328,716 | €442,891 | €541,305 | €979,033 | ▲ 80.9% |
| Stocks and contracts in progress3 | €185,733 | €33,700 | €33,920 | €206,622 | €0 | ▼ 100% |
| Stocks30/36 | - | €33,700 | €33,920 | €206,622 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €18,565 | €31,148 | €152,301 | €305,202 | €715,307 | ▲ 134% |
| Trade receivables40 | - | €31,027 | €141,454 | €288,663 | €706,129 | ▲ 145% |
| Other amounts receivable41 | - | €121 | €10,847 | €16,539 | €9,178 | ▼ 44.5% |
| Cash at bank and in hand54/58 | €5,218 | €258,048 | €247,921 | €23,563 | €256,520 | ▲ 989% |
| Deferred charges and accrued income490/1 | - | €5,819 | €8,749 | €5,919 | €7,206 | ▲ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303,531 | €438,283 | €601,631 | €696,943 | €1.2m | ▲ 72.6% |
| Equity10/15 | €16,437 | €89,915 | €124,932 | €134,033 | -€148,371 | ▼ 211% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €1,437 | €74,915 | €109,932 | €119,033 | -€163,371 | ▼ 237% |
| Amounts payable17/49 | €287,094 | €348,368 | €476,699 | €562,910 | €1.4m | ▲ 140% |
| Amounts payable after more than one year17 | - | €31,485 | €84,972 | €299,051 | €545,217 | ▲ 82.3% |
| Financial debts170/4 | - | €31,485 | €84,972 | €299,051 | €545,217 | ▲ 82.3% |
| Amounts payable within one year42/48 | €287,094 | €316,883 | €266,328 | €263,859 | €806,321 | ▲ 206% |
| Current portion of amounts payable after more than one year42 | - | €8,283 | €19,340 | €33,767 | €47,065 | ▲ 39.4% |
| Trade debts44 | €47,129 | €127,364 | €123,815 | €82,557 | €374,073 | ▲ 353% |
| Suppliers440/4 | - | €127,364 | €123,815 | €82,557 | €374,073 | ▲ 353% |
| Advances received on contracts in progress46 | - | - | - | €1,365 | €179,340 | ▲ 13,038% |
| Taxes, remuneration and social security45 | - | €109,453 | €31,609 | €14,281 | €71,422 | ▲ 400% |
| Taxes450/3 | - | €100,971 | €20,530 | €6,174 | €49,320 | ▲ 699% |
| Remuneration and social security454/9 | - | €8,482 | €11,078 | €8,107 | €22,103 | ▲ 173% |
| Other amounts payable47/48 | - | €71,782 | €91,563 | €131,890 | €134,421 | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | - | €125,400 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,437 | €73,479 | €35,017 | €9,101 | -€282,404 | ▼ 3,203% |
| + Depreciation and write-downs630 | €12,336 | €30,226 | €42,738 | €44,763 | €50,338 | ▲ 12.5% |
| Operating cash flow (approximation) | €13,773 | €103,705 | €77,754 | €53,865 | -€232,066 | ▼ 531% |
| Investment in fixed assets (approximation) | - | -€50,343 | -€91,911 | -€41,661 | -€118,835 | ▼ 185% |
| Change in cash | - | €252,830 | -€10,127 | -€224,358 | €232,957 | ▲ 204% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€282,404
Net result drops to -€282,404, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Equity above €100,000Eq €124,932 ▲38.9%
3 profitable years in a row build equity to €124,932.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Highest result since 2020net €73,479 ▲5,015%
Operating result €89,594, net result €73,479, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Begijnendijk · 1 establishment unit since 2020
Ground area
1,354 m²
Building footprint
219 m²
Volume, LiDAR
751 m³
Parcel 24010B0504/00L000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SSE Projects
since 20202.299.760.528
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24010B0504/00L000 | Flanders | 1,354 m² | 1 · 219 m² | 8.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,800 EUR awarded · 1,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 1,800 EUR |
| 2022 | 1 | 1,800 EUR | 0 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesSSE Projects BV42520
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,130 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
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.