SUPALI
ActiveFrom the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
SUPALI has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of -€25,781. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 40% of 1,028 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
In the rankings
#2 company by total assets in Waterloo, Construction sector#4 company by equity in Waterloo, Construction sector
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 08-07-2026
- Format
- full format
- Reference
- 2026-00279945
Turnover
€8,600▼ 72.3%
2024 · €31,100
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€25,781▼ 7.3%
2024 · -€24,037
Working capital
€2.8m▲ 3.9%
2024 · €2.7m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 8% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.009m
2025
Operating result€0.1m
2025
Net result-€0.03m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.8m
2025
Equity€1.5m
2025
Debt€4.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency25.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.95
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.4m-€6.3m▲ 354%€2.4m▼ 62.1%€1.5m▼ 37.1%€0.3m▼ 80.9%€0.03m€0.009m▼ 72.3%
Operating result€1.0m-€3.9m▲ 305%€1.8m▼ 54.8%€1.1m▼ 34.5%€0.4m▼ 66.0%-€0.2m€0.1m€0.1m▼ 7.6%
Net result€0.6m-€2.7m▲ 322%€1.3mabove the sector's middle half▼ 50.6%€0.9mabove the sector's middle half▼ 32.6%€0.3mabove the sector's middle half▼ 68.6%-€0.1mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 76.1%-€0.03mbelow the sector's middle half▼ 7.3%
Equity€4.3m-€7.0m▲ 63.7%€8.3mabove the sector's middle half▲ 19.2%€9.2mabove the sector's middle half▲ 10.9%€9.5mabove the sector's middle half▲ 3.1%€9.4mabove the sector's middle half▼ 1.1%€1.5mwithin the sector's middle half▼ 84.0%€1.5mwithin the sector's middle half▼ 1.7%
Total assets€5.6m-€9.5m▲ 68.7%€10.6mabove the sector's middle half▲ 11.8%€14.9mabove the sector's middle half▲ 41.3%€14.8mabove the sector's middle half▼ 1.2%€13.4mabove the sector's middle half▼ 9.2%€5.7mwithin the sector's middle half▼ 57.4%€5.8mwithin the sector's middle half▲ 2.0%
Debt€1.3m-€2.5m▲ 84.6%€2.3m▼ 9.0%€5.7m▲ 153%€5.3m▼ 8.0%€4.0m▼ 23.9%€4.2m▲ 5.2%€4.3m▲ 3.3%
Working capital€3.1m-€5.7m▲ 82.1%€2.6mabove the sector's middle half▼ 54.9%€6.4mabove the sector's middle half▲ 150%€3.2mabove the sector's middle half▼ 49.9%€2.3mabove the sector's middle half▼ 28.3%€2.7mabove the sector's middle half▲ 18.0%€2.8mabove the sector's middle half▲ 3.9%
Solvency76.0%-73.8%▼ 2.3pp78.7%above the sector's middle half▲ 4.9pp61.7%above the sector's middle half▼ 16.9pp64.4%above the sector's middle half▲ 2.7pp70.2%above the sector's middle half▲ 5.8pp26.4%within the sector's middle half▼ 43.8pp25.4%within the sector's middle half▼ 1.0pp
Current ratio3.50-5.18▲ 1.683.42above the sector's middle half▼ 1.7619.37above the sector's middle half▲ 15.951.97within the sector's middle half▼ 17.401.70within the sector's middle half▼ 0.271.91within the sector's middle half▲ 0.211.95within the sector's middle half▲ 0.03
Return on assets (ROA)11.5%-28.7%▲ 17.2pp12.7%above the sector's middle half▼ 16.0pp6.1%within the sector's middle half▼ 6.6pp1.9%within the sector's middle half▼ 4.1pp-0.7%below the sector's middle half▼ 2.7pp-0.4%below the sector's middle half▲ 0.3pp-0.4%within the sector's middle half=
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.8m
Equity
€1.5m ▼ 1.7%
Debt
€4.3m ▲ 3.3%
Debt's share of the balance-sheet total rises from 73.6% to 74.6%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
0.07▼
2024 · 0.10
Debt to equity
2.93▲
2024 · 2.79
ROE
-1.7%▼
2024 · -1.6%
Debt ≤ 1 year
€3.0m▲
2024 · €3.0m
Debt > 1 year
€1.3m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.2m | €0.4m | - | €0.2m | €0.009m | ▼ 95.6% |
| Turnover70 | €1.4m | €6.3m | €2.4m | €1.5m | €0.3m | - | €0.03m | €0.009m | ▼ 72.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€0.4m | €0.06m | - | €0.2m | - | - |
| Other operating income74 | - | - | - | €0.04m | €0.008m | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €0.04m | - | - | - | - |
| Operating charges60/66A | - | - | - | €0.03m | €0.01m | €0.2m | €0.05m | -€0.1m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.02m | - | €0.1m | €0.01m | -€0.2m | - |
| Purchases600/8 | - | - | - | €0.02m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | €0.1m | €0.01m | -€0.2m | - |
| Services and other goods61 | - | - | - | €0.001m | - | €0.02m | €0.03m | €0.03m | ▲ 16.0% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.04m | €0.01m | €0.01m | ▲ 0.7% |
| Operating profit (loss)9901 | €1.0m | €3.9m | €1.8m | €1.1m | €0.4m | -€0.2m | €0.1m | €0.1m | ▼ 7.6% |
| Financial income75/76B | - | - | - | €0.2m | €0.2m | €0.2m | €0.06m | - | - |
| Recurring financial income75 | €0.02m | €0.05m | €0.1m | €0.2m | €0.2m | €0.2m | €0.06m | - | - |
| Income from financial fixed assets750 | - | - | - | €0.2m | €0.2m | €0.2m | €0.06m | - | - |
| Other financial income752/9 | - | - | - | €59 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | ▼ 29.1% |
| Recurring financial charges65 | €0.05m | €0.01m | €0.03m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | ▼ 29.1% |
| Debt charges650 | - | €0.003m | €0.03m | €0.1m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 47.9% |
| Other financial charges652/9 | - | - | - | €0.01m | €0.01m | €0.005m | €0.005m | €0.05m | ▲ 799% |
| Profit (loss) for the period before taxes9903 | €0.9m | €3.9m | €1.8m | €1.2m | €0.4m | -€0.1m | -€0.02m | -€0.03m | ▼ 6.5% |
| Income taxes67/77 | €0.3m | €1.2m | €0.5m | €0.3m | €0.1m | - | -€160 | - | - |
| Taxes670/3 | - | - | - | €0.3m | €0.1m | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.02m | €0.006m | - | €160 | - | - |
| Profit (loss) for the period9904 | €0.6m | €2.7m | €1.3m | €0.9m | €0.3m | -€0.1m | -€0.02m | -€0.03m | ▼ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €2.7m | €1.3m | €0.9m | €0.3m | -€0.1m | -€0.02m | -€0.03m | ▼ 7.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.6m | €9.5m | €10.6m | €14.9m | €14.8m | €13.4m | €5.7m | €5.8m | ▲ 2.0% |
| Fixed assets21/28 | €1.2m | €2.4m | €6.9m | €8.1m | €8.2m | €7.8m | - | - | - |
| Financial fixed assets28 | €1.2m | €2.4m | €6.9m | €8.1m | €8.2m | €7.8m | - | - | - |
| Affiliated companies280/1 | - | - | - | €8.1m | €8.2m | €7.8m | - | - | - |
| Amounts receivable281 | - | - | - | €8.1m | €8.2m | €7.8m | - | - | - |
| Current assets29/58 | €4.4m | €7.1m | €3.6m | €6.8m | €6.5m | €5.6m | €5.7m | €5.8m | ▲ 2.0% |
| Stocks and contracts in progress3 | €2.9m | €2.3m | €1.6m | €5.3m | €5.4m | €5.2m | €5.4m | €5.6m | ▲ 4.1% |
| Stocks30/36 | - | - | - | €5.3m | €5.4m | €5.2m | €5.4m | €5.6m | ▲ 4.1% |
| Property held for sale35 | - | - | - | €5.3m | €5.4m | €5.2m | €5.4m | €5.6m | ▲ 4.1% |
| Amounts receivable within one year40/41 | €0.4m | €2.9m | €1.6m | €1.4m | €0.7m | €0.3m | €0.3m | €0.002m | ▼ 99.3% |
| Trade receivables40 | - | - | - | €1.3m | €0.6m | €0.3m | €0.3m | €156 | ▼ 99.9% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.06m | €0.02m | €0.002m | ▼ 91.4% |
| Cash at bank and in hand54/58 | €1.1m | €1.8m | €0.3m | €0.08m | €0.4m | €0.01m | €0.02m | €0.2m | ▲ 13× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.6m | €9.5m | €10.6m | €14.9m | €14.8m | €13.4m | €5.7m | €5.8m | ▲ 2.0% |
| Equity10/15 | €4.3m | €7.0m | €8.3m | €9.2m | €9.5m | €9.4m | €1.5m | €1.5m | ▼ 1.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €4.2m | €6.9m | €8.2m | €9.1m | €9.4m | €9.3m | €1.4m | €1.4m | ▼ 1.8% |
| Amounts payable17/49 | €1.3m | €2.5m | €2.3m | €5.7m | €5.3m | €4.0m | €4.2m | €4.3m | ▲ 3.3% |
| Amounts payable after more than one year17 | - | €1.1m | €1.2m | €5.4m | €1.8m | €0.7m | €1.2m | €1.3m | ▲ 11.0% |
| Other amounts payable178/9 | - | - | - | €5.4m | €1.8m | €0.7m | €1.2m | €1.3m | ▲ 11.0% |
| Amounts payable within one year42/48 | €1.3m | €1.4m | €1.1m | €0.4m | €3.3m | €3.3m | €3.0m | €3.0m | ▲ 0.2% |
| Financial debts43 | - | - | - | - | €3.2m | €3.2m | €3.0m | €3.0m | ▼ 1.1% |
| Credit institutions430/8 | - | - | - | - | €3.2m | €3.2m | €3.0m | €3.0m | ▼ 1.1% |
| Trade debts44 | €0.2m | €0.9m | €1.0m | €0.3m | €0.05m | €0.02m | €0.002m | €0.04m | ▲ 18× |
| Suppliers440/4 | - | - | - | €0.3m | €0.05m | €0.02m | €0.002m | €0.04m | ▲ 18× |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.1m | €0.1m | - | - | - |
| Taxes450/3 | - | - | - | €0.01m | €0.1m | €0.1m | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €0.004m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.1m | €0.02m | €0.004m | €0.003m | ▼ 36.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €2.7m | €1.3m | €0.9m | €0.3m | -€0.1m | -€0.02m | -€0.03m | ▼ 7.3% |
| Operating cash flow (approximation) | €0.6m | €2.7m | €1.3m | €0.9m | €0.3m | -€0.1m | -€0.02m | -€0.03m | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€4.5m | -€1.2m | -€0.07m | €0.4m | - | - | - |
| Change in cash | - | €0.7m | -€1.5m | -€0.3m | €0.4m | -€0.4m | €0.004m | €0.2m | ▲ 50× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00279945 | NBB |
| 31-12-2024 | full format | 04-07-2025 | 2025-00244049 | |
| 31-12-2023 | full format | 24-07-2024 | 2024-00289857 | |
| 31-12-2022 | full format | 03-07-2023 | 2023-00199012 | |
| 31-12-2021 | full format | 19-07-2022 | 2022-20206835 | |
| 31-12-2020 | full format | 14-07-2021 | 2021-36600368 | |
| 31-12-2019 | full format | 21-08-2020 | 2020-44500123 | |
| 31-12-2018 | full format | 11-07-2019 | 2019-32300368 | |
| 31-12-2017 | full format | 24-08-2018 | 2018-50000057 | |
| 31-12-2016 | full format | 04-07-2017 | 2017-27800425 |
Similar companies · same sector, comparable size
E.T.I. CONSTRUCT
BE 0841.695.922
Wavre · equity €1,481,281
HUYGENS CONSTRUCT
BE 0432.634.945
Chièvres · equity €1,478,355
PROVILLAS
BE 0428.798.792
Zandhoven · equity €1,484,926
JOST
BE 0433.078.373
Schilde · equity €1,475,441
L. en F. BOUW
BE 0459.772.575
Begijnendijk · equity €1,472,991
Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,407. 5,002 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.