Active BE 0444.844.473Public limited company

SUDTRAFOR

Parc Industriel 5 ·6870 Saint-Hubert, Belgium· 35 yrs active

Sector: Site preparation (43120)

Conclusion Checked

SUDTRAFOR has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.68M and a net result of €1.23M. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 1994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€2.68M
Net result	€1.23M
Staff (FTE)	17.8
Better than sector	81%

Financial profile 5 of 5 axes measured · computed by Checked

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1991, 35 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€270k

estimate, not credit advice

Score history

78 2021

94 2022

86 2023

100 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.10 (≥ 1.5) +10

Quick ratio Quick ratio 3.09 (≥ 1.0) +5

Leverage Debt/equity 0.42 (< 1.0) +10

Profitability ROE 46% (≥ 10%) +10

Interest coverage Interest coverage 77.7× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview34 NBB filings

Annual accounts filed on 29-01-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~15.2%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	70.5%	42.7%	better than 81% of 1994 sector peers
Net result	€1.23M	€40k	better than 94% of 1993 sector peers
Equity	€2.68M	€444k	better than 85% of 1994 sector peers
Gross operating margin	€2.70M	€382k	better than 95% of 1575 sector peers
Staff costs	€771k	€587k	higher than 57% of 1598 sector peers

EBITDA

€1.90M

+237.8% 21-25

Net profit

€1.23M

+330.6% 21-25

Cash flow

€1.47M

+220.2% 21-25

Total assets

€3.79M

+51.7% 21-25

Equity

€2.68M

+54.6% 21-25

Working capital

€1.73M

+86.4% 21-25

Employees (FTE)

18

+9.2% 21-25

Staff costs

€771k

-2.8% 21-25

Income taxes

€419k

+375.6% 21-25

Dividends

€286k

- 21-25

Debt

€1.12M

+45.0% 21-25

Debt ≤ 1y

€823k

+62.2% 21-25

Debt > 1y

€295k

+11.9% 21-25

Current ratio

3.10

+9.6% 21-25

Quick ratio

3.09

+10.5% 21-25

Solvency

70.5%

+2.0% 21-25

Debt / equity

0.42

-6.2% 21-25

ROE

46.0%

+178.5% 21-25

ROA

32.5%

+183.9% 21-25

Interest coverage

77.75

+192.4% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	full schema	full schema	full schema	full schema	full schema
Revenue	-	-	-	-	-
EBITDA	€1.90M	€563k	€166k	€297k	€209k
Net profit	€1.23M	€286k	€18k	€116k	€46k
Cash flow	€1.47M	€458k	€167k	€278k	€204k
Staff costs	€771k	€793k	€641k	€513k	-
Income taxes	€419k	€88k	€5k	€8k	€312
Dividends	€286k	-	-	-	-
Total assets	€3.79M	€2.50M	€2.47M	€2.43M	€2.17M
Equity	€2.68M	€1.73M	€1.44M	€1.43M	€1.31M
Debt	€1.12M	€771k	€1.03M	€1.00M	€858k
of which ≤ 1y	€823k	€507k	€760k	€601k	€325k
of which > 1y	€295k	€264k	€269k	€399k	€531k
Working capital	€1.73M	€928k	€719k	€739k	€858k
Employees (FTE)	17.8	16.3	12.8	11.8	12.1

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	3.10	2.83	1.95	2.23	3.64
Quick ratio	3.09	2.80	1.90	2.22	3.63
Working capital ratio	45.6%	37.1%	29.1%	30.5%	39.6%
Solvency	70.5%	69.2%	58.4%	58.8%	60.4%
Debt / equity	0.42	0.45	0.71	0.70	0.41
Long-term debt ratio	0.11	0.15	0.19	0.28	0.41
Interest coverage	77.75	26.59	15.54	22.75	-
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	32.5%	11.4%	0.7%	4.8%	2.1%
ROE	46.0%	16.5%	1.3%	8.1%	3.5%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1.24M · 32.8% Current assets €2.55M · 67.3%

Equity & liabilities

Equity €2.68M · 70.5% Debt €1.12M · 29.5%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.79M	€2.50M	€2.47M	€2.43M	€2.17M
Fixed assets	21/28	€1.24M	€1.07M	€995k	€1.09M	€986k
Tangible fixed assets	22/27	€1.24M	€1.07M	€994k	€1.09M	€985k
Financial fixed assets	28	€707	€707	€707	€842	€977
Current assets	29/58	€2.55M	€1.44M	€1.48M	€1.34M	€1.18M
Stocks & contracts in progress	3	€8k	€15k	€38k	€5k	€3k
Amounts receivable within one year	40/41	€1.34M	€1.01M	€900k	€855k	€896k
Investments	50/53	€5k	€5k	€10k	€10k	€10k
Cash & bank	54/58	€1.16M	€364k	€495k	€414k	€229k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.79M	€2.50M	€2.47M	€2.43M	€2.17M
Equity	10/15	€2.68M	€1.73M	€1.44M	€1.43M	€1.31M
Contributions / capital	10/11	€1.09M	€1.09M	€1.09M	€1.09M	€1.09M
Reserves	13	€1.55M	€587k	€302k	€272k	€172k
Accumulated profits (losses)	14	€37k	€51k	€50k	€62k	€46k
Amounts payable	17/49	€1.12M	€771k	€1.03M	€1.00M	€858k
Amounts payable after one year	17	€295k	€264k	€269k	€399k	€531k
Amounts payable within one year	42/48	€823k	€507k	€760k	€601k	€325k
Trade debts payable within one year	44	€269k	€307k	€185k	€81k	€62k
Income statement
Gross operating margin	9900	€2.70M	€1.39M	€816k	€818k	€794k
Operating result	9901	€1.67M	€392k	€18k	€134k	€51k
Financial income	75	€7k	€4k	€16k	€2k	€10k
Financial charges	65	€24k	€21k	€11k	€13k	€15k
Result before taxes	9903	€1.65M	€374k	€24k	€124k	€46k
Income taxes	67/77	€419k	€88k	€5k	€8k	€312
Net result for the period	9904	€1.23M	€286k	€18k	€116k	€46k
Result to be appropriated	9905	€1.23M	€286k	€18k	€116k	€46k

Directors & mandates 3 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (23484247). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

LEJEUNE Georges Alphonse Joseph
Director
State Gazette act 23484247 (28-12-2023)

Current
28-12-2023 → present
LEJEUNE Pablo
Director
State Gazette act 23484247 (28-12-2023)

Current
28-12-2023 → present
MEUNIER Anne-Marie Lucie Ghislaine
Director
State Gazette act 23484247 (28-12-2023)

Current
28-12-2023 → present

Legal Structure

NACE primary	Site preparation(43120)
Legal form	Public limited company(014)
Incorporation	22-07-1991
Status	Active
Postal code	6870

Establishment units 1 location

Parc Industriel 5, 6870 Saint-Hubert

Site preparation

since 19912.054.184.836

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
84059A1916/00D002	Wallonia	3.4 ha	1 · 6,675 m²	9.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

29-01

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-06

Financial Highest result since 2021net €1.23M ▲331%

Operating result €1.67M, net result €1.23M, both a record.

30-06

Financial Equity above €2MEq €2.68M ▲54.6%

5 profitable years in a row build equity to €2.68M.

29-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

29-01

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

28-12

State Gazette act Director changes

Laurence DEMAREZ

30-06

Financial Weakest financial yearnet €18k ▼84.2%

Net result drops to €18k, the lowest in the series; recovery starts the following year.

27-01

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

27-01

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

21-01

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

27-02

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 27 days late

2019

30-01

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

09-02

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 9 days late

2017

20-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 20 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 3 directors appointed Director changes·Laurence DEMAREZ

LEJEUNE Pablo, Bestuurder
LEJEUNE Georges Alphonse Joseph, Bestuurder
MEUNIER Anne-Marie Lucie Ghislaine, Bestuurder

Notary: Laurence DEMAREZ · Nassogne

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Site preparation4312045112Retail sale of hardware, building materials, paint and glass (general range)47521Other retail sale of new goods477895246152498

Names & trade names

Legal nameFR

SUDTRAFOR

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