SVASTA DEVELOPMENT
ActiveSummary
SVASTA DEVELOPMENT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-43k) and a net result of €-86k. Its solvency ranks better than 14% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-51
Solvency22▼-11
Growth55
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.9 in 2024; short-term debt: 37.1% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
-6.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-43k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
21 d early
2024
6 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€434k▲ 21.1%
2024 · €358k
EBIT margin
-0.7%▼ 13.3pp
2024 · 12.6%
Net result
€-86k
2024 · €32k
Working capital
€-442k▼ 756%
2024 · €-52k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Turnover€358k-€434k▲ 21.1%
Operating result€45k-€-3k
Net result€32k-€-86k
EBIT margin12.6%--0.7%▼ 13.3pp
Equity€42k-€-43k
Total assets€549k-€1.38M▲ 151%
Debt€507k-€1.42M▲ 181%
Working capital€-52k-€-442k▼ 756%
Staff (FTE)0-0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €45k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€1.31M ▲ 1,299%
Current assets
€69k ▼ 84.8%
Key figures and ratios
EBITDA
€27k▼
2024 · €46k
Cash flow
€-56k▼
2024 · €33k
Solvency
-3.1%▼
2024 · 7.7%
Current ratio
0.14▼
2024 · 0.90
Quick ratio
0.12▼
2024 · 0.89
Debt to equity
-32.78▼
2024 · 12.06
ROA
-6.2%▼
2024 · 5.8%
Interest coverage
0.32▼
2024 · 9.32
Debt ≤ 1 year
€512k▲
2024 · €507k
Debt > 1 year
€913k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €358k | €434k | ▲ 21.1% |
| Goods, raw materials, services and sundry goods60/61 | €311k | €409k | ▲ 31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €30k | ▲ 2,164% |
| Other operating charges640/8 | €802 | €824 | ▲ 2.7% |
| Gross operating margin9900 | €47k | €27k | ▼ 42.0% |
| Operating profit (loss)9901 | €45k | €-3k | ▼ 107% |
| Financial income75/76B | - | €221 | - |
| Recurring financial income75 | - | €221 | - |
| Financial charges65/66B | €5k | €83k | ▲ 1,563% |
| Recurring financial charges65 | €5k | €83k | ▲ 1,563% |
| Profit (loss) for the period before taxes9903 | €40k | €-86k | ▼ 313% |
| Income taxes67/77 | €8k | - | - |
| Profit (loss) for the period9904 | €32k | €-86k | ▼ 367% |
| Profit (loss) for the period to be appropriated9905 | €32k | €-86k | ▼ 367% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €549k | €1.38M | ▲ 151% |
| Fixed assets21/28 | €94k | €1.31M | ▲ 1,299% |
| Intangible fixed assets21 | €13k | €32k | ▲ 136% |
| Tangible fixed assets22/27 | €70k | €1.28M | ▲ 1,718% |
| Land and buildings22 | - | €1.17M | - |
| Plant, machinery and equipment23 | €56k | €48k | ▼ 13.6% |
| Furniture and vehicles24 | €14k | €59k | ▲ 308% |
| Financial fixed assets28 | €10k | - | - |
| Current assets29/58 | €456k | €69k | ▼ 84.8% |
| Stocks and contracts in progress3 | €6k | €6k | = |
| Stocks30/36 | €6k | €6k | = |
| Amounts receivable within one year40/41 | €332k | €43k | ▼ 87.2% |
| Trade receivables40 | €322k | €38k | ▼ 88.1% |
| Other amounts receivable41 | €10k | €4k | ▼ 58.4% |
| Cash at bank and in hand54/58 | €73k | - | - |
| Deferred charges and accrued income490/1 | €44k | €20k | ▼ 54.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €549k | €1.38M | ▲ 151% |
| Equity10/15 | €42k | €-43k | ▼ 203% |
| Contributions10/11 | €10k | €10k | = |
| Profit (loss) carried forward14 | €32k | €-53k | ▼ 267% |
| Amounts payable17/49 | €507k | €1.42M | ▲ 181% |
| Amounts payable after more than one year17 | - | €913k | - |
| Financial debts170/4 | - | €913k | - |
| Amounts payable within one year42/48 | €507k | €512k | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €19k | - |
| Trade debts44 | €115k | €12k | ▼ 89.2% |
| Suppliers440/4 | €115k | €12k | ▼ 89.2% |
| Taxes, remuneration and social security45 | €8k | - | - |
| Taxes450/3 | €8k | - | - |
| Other amounts payable47/48 | €385k | €480k | ▲ 24.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €-86k | ▼ 367% |
| + Depreciation and write-downs630 | €1k | €30k | ▲ 2,164% |
| Operating cash flow (approximation) | €33k | €-56k | ▼ 268% |
| Investment in fixed assets (approximation) | - | €-1.25M | - |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Turnhout · 1 establishment unit since 2023
Ground area
27.7 ha
Building footprint
500 m²
Volume, LiDAR
1,859 m³
Parcel 13040C0016/00V000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SVASTA DEVELOPMENT
since 20232.351.727.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13040C0016/00V000 | Flanders | 27.7 ha | 1 · 500 m² | 6.6 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500D6BX4555D58827
Similar companies · same sector, comparable size
Boumat
BE 1012.538.557
Gent · Eq €42,001
EQUINOXE CONSTRUCT
BE 1019.578.777
Knokke-Heist · Eq €41,972
DTM-Invest
BE 0818.439.973
Scherpenheuvel-Zichem · Eq €41,968
Solubo
BE 0691.895.258
Rijkevorsel · Eq €41,954
DDB-CONSTRUCTION
BE 0657.763.235
Torhout · Eq €42,212
Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 4,866 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
Founded11-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Contact
E-mail
nedee@corsendonkhotels.com
Phone
04752851403
Scores and ratios are computed by Checked and are not a credit decision.