SSG DESIGN
ActiveSummary
SSG DESIGN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,538 and a net result of €7,135. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+96
Solvency45▲+45
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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Signals
Five 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 22%
← 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 23-02-2026, 158 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
158 d early
2024
2 d early
2023
2 d early
2022
5 d early
2021
4 d early
2020
3 d early
2019
9 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 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 27 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
€6,538
2024 · -€597
Total assets
€32,385▲ 18,858%
2024 · €171
Net result
€7,135
2024 · -€1,255
Working capital
-€10,169▼ 1,603%
2024 · -€597
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€3,145-€6,201€930-€1,025€10,033
Net result€2,853within the sector's middle half€8,533within the sector's middle half▲ 199%€653within the sector's middle half▼ 92.3%-€1,255below the sector's middle half€7,135within the sector's middle half
Equity-€8,529below the sector's middle half▲ 25.1%€5below the sector's middle half€658below the sector's middle half▲ 13,840%-€597below the sector's middle half€6,538below the sector's middle half
Total assets€5,185below the sector's middle half▼ 60.8%€3,565below the sector's middle half▼ 31.2%€2,730below the sector's middle half▼ 23.4%€171below the sector's middle half▼ 93.7%€32,385below the sector's middle half▲ 18,858%
Debt€13,713▼ 44.3%€3,560▼ 74.0%€2,072▼ 41.8%€768▼ 62.9%€25,847▲ 3,266%
Working capital-€8,529below the sector's middle half▲ 38.5%€5below the sector's middle half€658below the sector's middle half▲ 13,840%-€597below the sector's middle half-€10,169below the sector's middle half▼ 1,603%
Solvency-164.5%below the sector's middle half▼ 78.5pp20.2%below the sector's middle half
Current ratio0.38below the sector's middle half▼ 0.060.59below the sector's middle half
Return on assets (ROA)55.0%above the sector's middle half▲ 162.0pp22.0%above the sector's middle half
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
The operating result returns to profit in 2025: €10,033 after a loss of €1,025 in 2024, the highest result in the available series.
Balance-sheet composition
Assets €32,385
Fixed assets
€17,917
Current assets
€14,467
Equity and liabilities €32,385
Equity
€6,538
Debt
€25,847
Debt finances 79.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€11,416
Cash flow
€8,518
Debt to equity
3.95
ROE
109.1%
Interest coverage
57.41
Debt ≤ 1 year
€24,637▲
2024 · €768
Income taxes
€2,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
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 3,818 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 | €16,396 | - | €2,505 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,383 | - |
| Other operating charges640/8 | €2,611 | €290 | €938 | - | €149 | - |
| Gross operating margin9900 | €5,755 | -€5,911 | €1,868 | -€1,025 | €11,565 | ▲ 1,229% |
| Operating profit (loss)9901 | €3,145 | -€6,201 | €930 | -€1,025 | €10,033 | ▲ 1,079% |
| Financial income75/76B | €927 | €15,003 | - | - | €0 | - |
| Recurring financial income75 | €80 | €3 | - | - | €0 | - |
| Non-recurring financial income76B | €847 | €15,000 | - | - | - | - |
| Financial charges65/66B | €1,128 | €182 | €277 | €230 | €199 | ▼ 13.7% |
| Recurring financial charges65 | €753 | €182 | €277 | €230 | €199 | ▼ 13.7% |
| Non-recurring financial charges66B | €374 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,944 | €8,621 | €653 | -€1,255 | €9,835 | ▲ 884% |
| Income taxes67/77 | €91 | €87 | - | - | €2,699 | - |
| Profit (loss) for the period9904 | €2,853 | €8,533 | €653 | -€1,255 | €7,135 | ▲ 669% |
| Profit (loss) for the period to be appropriated9905 | €2,853 | €8,533 | €653 | -€1,255 | €7,135 | ▲ 669% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,185 | €3,565 | €2,730 | €171 | €32,385 | ▲ 18,858% |
| Fixed assets21/28 | - | - | - | - | €17,917 | - |
| Tangible fixed assets22/27 | - | - | - | - | €15,617 | - |
| Plant, machinery and equipment23 | - | - | - | - | €11,928 | - |
| Furniture and vehicles24 | - | - | - | - | €3,690 | - |
| Financial fixed assets28 | - | - | - | - | €2,300 | - |
| Current assets29/58 | €5,185 | €3,565 | €2,730 | €171 | €14,467 | ▲ 8,369% |
| Amounts receivable within one year40/41 | €4,272 | €3,134 | - | €120 | €5,914 | ▲ 4,811% |
| Trade receivables40 | €2,932 | €1,253 | - | - | €2,768 | - |
| Other amounts receivable41 | €1,340 | €1,881 | - | €120 | €3,146 | ▲ 2,512% |
| Cash at bank and in hand54/58 | €379 | €431 | €225 | €50 | €8,553 | ▲ 16,874% |
| Deferred charges and accrued income490/1 | €534 | - | €2,505 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,185 | €3,565 | €2,730 | €171 | €32,385 | ▲ 18,858% |
| Equity10/15 | -€8,529 | €5 | €658 | -€597 | €6,538 | ▲ 1,195% |
| Contributions10/11 | €13,200 | €13,200 | €13,200 | €13,200 | €13,200 | = |
| Reserves13 | €261 | €261 | €261 | €261 | €261 | = |
| Non-distributable reserves130/1 | €261 | €261 | €261 | €261 | €261 | = |
| Reserves not available under the articles1311 | €261 | €261 | €261 | €261 | €261 | = |
| Profit (loss) carried forward14 | -€21,990 | -€13,456 | -€12,803 | -€14,058 | -€6,923 | ▲ 50.8% |
| Amounts payable17/49 | €13,713 | €3,560 | €2,072 | €768 | €25,847 | ▲ 3,266% |
| Amounts payable within one year42/48 | €13,713 | €3,560 | €2,072 | €768 | €24,637 | ▲ 3,108% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1,500 | - |
| Trade debts44 | - | €970 | €9 | €523 | €4,842 | ▲ 826% |
| Suppliers440/4 | - | €970 | €9 | €523 | €4,842 | ▲ 826% |
| Taxes, remuneration and social security45 | €155 | €242 | - | - | €2,699 | - |
| Taxes450/3 | €155 | €242 | - | - | €2,699 | - |
| Other amounts payable47/48 | €13,559 | €2,349 | €2,063 | €245 | €15,595 | ▲ 6,272% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,210 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,853 | €8,533 | €653 | -€1,255 | €7,135 | ▲ 669% |
| + Depreciation and write-downs630 | - | - | - | - | €1,383 | - |
| Operating cash flow (approximation) | €2,853 | €8,533 | €653 | -€1,255 | €8,518 | ▲ 779% |
| Change in cash | - | €52 | -€206 | -€175 | €8,503 | ▲ 4,967% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7,135
Net result €7,135 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €8,533 ▲199%
Net result €8,533, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.00
Current ratio from 0.38 to 1.00; short-term debt falls from €13,713 to €3,560.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,853
Net result €2,853 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€15,580
Net result drops to -€15,580, the lowest in the series; recovery starts the following year.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Herstal · 1 establishment unit since 2002
Ground area
735 m²
Building footprint
163 m²
Volume, LiDAR
966 m³
Parcel 62313E0369/00K000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SSG DESIGN
since 20022.099.164.132
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62313E0369/00K000 | Wallonia | 735 m² | 1 · 163 m² | 8.6 m · 2 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 20,025 companies in sector 43320 we hold annual accounts for 9,138. 3,686 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
Founded10-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
18120Other printing
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477300475
Also
9925:BE0477300475
Registered
28-11-2025
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.