SV2

Active

Private limited companyfounded 20187 yrs activeButswervestraat 21, 9990 Maldegem, BelgiumKBO/BCE: BE 0716.943.727

SV2 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €172k and a net result of €6k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 19340 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

86 / 100

Excellent= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability16▼-5

Solvency97▲+2

Growth52=

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity ample (current ratio 2.15 against 1.91 in 2023), and 43.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

58 d early

2023

19 d late

2022

45 d early

2021

102 d early

2020

31 d late

2019

1 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€172k▲ 3.3%

2023 · €167k

2019: €23k 2020: €76k 2021: €105k 2022: €160k 2023: €167k

2019 → 2024

Total assets

€306k▼ 0.6%

2023 · €308k

2019: €103k 2020: €184k 2021: €237k 2022: €291k 2023: €308k

2019 → 2024

Net result

€6k▼ 18.8%

2023 · €7k

2019: €17k 2020: €53k 2021: €29k 2022: €42k 2023: €7k

2019 → 2024

Working capital

€132k▲ 22.5%

2023 · €108k

2019: €-20k 2020: €45k 2021: €87k 2022: €87k 2023: €108k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€76k-€105k▲ 38.6%€160k▲ 51.6%€167k▲ 4.3%€172k▲ 3.3%

Operating result€74k-€39k▼ 46.8%€58k▲ 47.3%€15k▼ 74.0%€15k▲ 1.8%

Net result€53k-€29k▼ 44.9%€42k▲ 43.1%€7k▼ 83.7%€6k▼ 18.8%

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 2024; 2024 is 2% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €306k

19.2%

80.8%

Fixed assets €59k▼ 27.7%

Current assets €247k▲ 9.2%

Equity and liabilities €306k

56.3%

43.7%

Equity €172k▲ 3.3%

Debt €134k▼ 5.2%

The debt ratio falls from 45.9% to 43.7%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€38k▼

2023 · €47k

Cash flow

€28k▼

2023 · €39k

Solvency

56.3%▲

2023 · 54.1%

Current ratio

2.15▲

2023 · 1.91

Quick ratio

2.15▲

2023 · 1.91

Debt / equity

0.78▼

2023 · 0.85

ROE

3.2%▼

2023 · 4.1%

ROA

1.8%▼

2023 · 2.2%

Interest coverage

5.12▼

2023 · 8.56

Debt

€134k▼

2023 · €141k

Debt ≤ 1 year

€115k▼

2023 · €118k

Debt > 1 year

€13k▼

2023 · €19k

Income taxes

€2k▼

2023 · €3k

Staff costs

€43k▲

2023 · €25k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€308k€306k▼

Fixed assets21/28€82k€59k▼

Intangible fixed assets21€10k€8k▼

Tangible fixed assets22/27€70k€50k▼

Land and buildings22€3k€2k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€66k€47k▼

Financial fixed assets28€1k€1k=

Current assets29/58€226k€247k▲

Amounts receivable within one year40/41€24k€13k▼

Trade receivables40€24k€13k▼

Other amounts receivable41€13€13=

Cash at bank and in hand54/58€189k€216k▲

Deferred charges and accrued income490/1€13k€18k▲

Equity and liabilities

Total equity and liabilities10/49€308k€306k▼

Equity10/15€167k€172k▲

Contributions10/11€19k€19k=

Reserves13€148k€154k▲

Distributable reserves133€148k€154k▲

Amounts payable17/49€141k€134k▼

Amounts payable after more than one year17€19k€13k▼

Financial debts170/4€19k€13k▼

Amounts payable within one year42/48€118k€115k▼

Current portion of amounts payable after more than one year42€6k€6k▲

Financial debts43€311€132▼

Credit institutions430/8€311€132▼

Trade debts44€6k€4k▼

Suppliers440/4€6k€4k▼

Taxes, remuneration and social security45€31k€23k▼

Taxes450/3€24k€20k▼

Remuneration and social security454/9€7k€3k▼

Other amounts payable47/48€74k€82k▲

Accrued charges and deferred income492/3€4k€6k▲

Income statement Code20232024

Remuneration, social security and pensions62€25k€43k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€23k▼

Other operating charges640/8€1k€1k▼

Gross operating margin9900€74k€82k▲

Operating profit (loss)9901€15k€15k▲

Financial income75/76B€1€45▲

Recurring financial income75€1€45▲

Financial charges65/66B€5k€7k▲

Recurring financial charges65€5k€7k▲

Profit (loss) for the period before taxes9903€10k€8k▼

Income taxes67/77€3k€2k▼

Profit (loss) for the period9904€7k€6k▼

Profit (loss) for the period to be appropriated9905€7k€6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€7k€6k▼

Transfer to equity691/2€7k€6k▼

To other reserves6921€7k€6k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

03-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €6k ▼18.8%

Net result drops to €6k, the lowest in the series.

19-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

2023

16-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €150kEq €160k ▲51.6%

4 profitable years in a row build equity to €160k.

20-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Equity above €100kEq €105k ▲38.6%

3 profitable years in a row build equity to €105k.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Highest result since 2019net €53k ▲223%

Operating result €74k, net result €53k, both a record.

30-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 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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