SUBLIGYP
ActiveSUBLIGYP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €103k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+6
Solvency60▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 4.01 in 2024; short-term debt: 39.1% and cash: 47.8% of total assets), but 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
35.2%
Return on assets
13.3%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
2 d late
2022
46 d early
2021
39 d early
2020
5 d early
2019
38 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€273k▼ 30.7%
2024 · €394k
2018: €60k
2019: €63k
2020: €123k
2021: €189k
2022: €261k
2023: €335k
2024: €394k
2018 → 2025
Total assets
€775k▲ 5.0%
2024 · €738k
2018: €166k
2019: €140k
2020: €490k
2021: €554k
2022: €760k
2023: €728k
2024: €738k
2018 → 2025
Net result
€103k▲ 73.2%
2024 · €60k
2018: €54k
2019: €52k
2020: €89k
2021: €94k
2022: €100k
2023: €74k
2024: €60k
2018 → 2025
Working capital
€159k▼ 42.3%
2024 · €276k
2018: €35k
2019: €39k
2020: €94k
2021: €125k
2022: €146k
2023: €214k
2024: €276k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€189k-€261k▲ 38.0%€335k▲ 28.2%€394k▲ 17.8%€273k▼ 30.7%
Operating result€137k-€131k▼ 3.7%€106k▼ 19.1%€92k▼ 14.0%€141k▲ 54.1%
Net result€94k-€100k▲ 6.4%€74k▼ 26.7%€60k▼ 18.9%€103k▲ 73.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €775k
Fixed assets
€313k▼ 15.6%
Current assets
€463k▲ 25.8%
Equity and liabilities €775k
Equity
€273k▼ 30.7%
Debt
€502k▲ 46.0%
The debt ratio rises from 46.6% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€204k▲
2024 · €157k
Cash flow
€166k▲
2024 · €125k
Solvency
35.2%▼
2024 · 53.4%
Current ratio
1.53▼
2024 · 4.01
Quick ratio
1.53▼
2024 · 4.01
Debt / equity
1.84▲
2024 · 0.87
ROE
37.8%▲
2024 · 15.1%
ROA
13.3%▲
2024 · 8.1%
Interest coverage
45.62▲
2024 · 30.47
Debt
€502k▲
2024 · €344k
Debt ≤ 1 year
€303k▲
2024 · €92k
Debt > 1 year
€199k▼
2024 · €252k
Income taxes
€36k▲
2024 · €28k
Staff costs
€248k▲
2024 · €186k
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€738k€775k▲
Fixed assets21/28€370k€313k▼
Tangible fixed assets22/27€370k€313k▼
Land and buildings22€253k€244k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€108k€60k▼
Financial fixed assets28€50€50=
Current assets29/58€368k€463k▲
Amounts receivable after more than one year29€10k€35k▲
Other amounts receivable291€10k€35k▲
Amounts receivable within one year40/41€59k€57k▼
Trade receivables40€53k€57k▲
Other amounts receivable41€6k-
Cash at bank and in hand54/58€299k€370k▲
Deferred charges and accrued income490/1-€271
Equity and liabilities
Total equity and liabilities10/49€738k€775k▲
Equity10/15€394k€273k▼
Contributions10/11€6k€6k=
Reserves13€376k€255k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€357k€236k▼
Profit (loss) carried forward14€12k€12k▲
Amounts payable17/49€344k€502k▲
Amounts payable after more than one year17€252k€199k▼
Financial debts170/4€252k€199k▼
Amounts payable within one year42/48€92k€303k▲
Current portion of amounts payable after more than one year42€56k€53k▼
Trade debts44€31k€13k▼
Suppliers440/4€31k€13k▼
Taxes, remuneration and social security45€4k€13k▲
Taxes450/3€4k€49▼
Remuneration and social security454/9-€12k
Other amounts payable47/48€1k€224k▲
Income statement
Code20242025
Remuneration, social security and pensions62€186k€248k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€63k▼
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€527€3k▲
Gross operating margin9900€348k€459k▲
Operating profit (loss)9901€92k€141k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€88k€139k▲
Income taxes67/77€28k€36k▲
Profit (loss) for the period9904€60k€103k▲
Profit (loss) for the period to be appropriated9905€60k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€115k▲
Profit (loss) brought forward from the previous period14P€11k€12k▲
Transfer from equity791/2-€225k
Transfer to equity691/2€59k€103k▲
To other reserves6921€59k€103k▲
Profit to be distributed694/7-€225k
Return on contributions (dividend)694-€225k
The notes to these accounts (7 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €103k ▲73.2%
Operating result €141k, net result €103k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €261k ▲38%
5 profitable years in a row build equity to €261k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €189k ▲53.3%
4 profitable years in a row build equity to €189k.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €123k ▲96.4%
3 profitable years in a row build equity to €123k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €52k ▼3%
Net result drops to €52k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
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.
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, Halle · 1 establishment unit since 2008
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.
Demesmaekerstraat (Victor) 741500 Halle1 establishment unit
SUBLIGYP
since 20082.173.812.857
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 197 EUR awarded · 197 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 197 EUR | 197 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
DAKWERKEN DESCAMPS
BE 0455.145.180
Wervik · Eq €273k
BATITOIT
BE 0739.629.552
Antoing · Eq €273k
DAKWERKEN CATTOOR
BE 0701.836.669
Blankenberge · Eq €274k
Coolen-Keulers Bouwonderneming
BE 0766.655.039
Riemst · Eq €273k
TOITURES GRIDLET ALEXANDRE
BE 0761.475.932
Daverdisse · Eq €274k
Of 11,139 companies in sector 43910 we hold annual accounts for 5,486. 4,265 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2008
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43910Bricklaying and masonry work
43994Specialised construction activities
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43410Roofing work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filings
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.