SVB Projects
ActiveFinancials · financial year 2023, abbreviated format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2023 filed on 03-08-2025 PDF all 8 filings
Turnover
€52,533
EBIT margin
8.5%
Net result
€2,681▼ 69.2%
2022 · €8,691
Working capital
€141,138▲ 35.2%
2022 · €104,418
Multi-year overview
2018 to 2023, 6 financial yearsTurnover
€52,533
2023
20182023
Operating result
€4,465
▼ 44.3%
2023
20182023
Net result
€2,681
▼ 69.2%
2023
lowest quarter of the sector
20182023
EBIT margin
8.5%
2023
20182023
Equity
€126,423
▲ 2.2%
2023
middle half of the sector
20182023
Total assets
€219,356
▼ 27.7%
2023
lowest quarter of the sector
20182023
Debt
€92,933
▼ 48.3%
2023
20182023
Working capital
€141,138
▲ 35.2%
2023
middle half of the sector
20182023
Solvency
57.6%
▲ 16.9pp
2023
middle half of the sector
20182023
Current ratio
3.10
▲ 1.11
2023
highest quarter of the sector
20182023
Return on assets (ROA)
1.2%
▼ 1.6pp
2023
middle half of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€52,533
Operating result€2,999-€30,800▲ 927%€58,671▲ 90.5%€45,294▼ 22.8%€8,010▼ 82.3%€4,465▼ 44.3%
Net result-€358-€18,752€45,607within the sector's middle half▲ 143%€32,546within the sector's middle half▼ 28.6%€8,691within the sector's middle half▼ 73.3%€2,681below the sector's middle half▼ 69.2%
EBIT margin8.5%
Equity€18,146-€36,898▲ 103%€82,505below the sector's middle half▲ 124%€115,051within the sector's middle half▲ 39.4%€123,742within the sector's middle half▲ 7.6%€126,423within the sector's middle half▲ 2.2%
Total assets€153,247-€209,171▲ 36.5%€242,418below the sector's middle half▲ 15.9%€275,405below the sector's middle half▲ 13.6%€303,580below the sector's middle half▲ 10.2%€219,356below the sector's middle half▼ 27.7%
Debt€135,101-€172,273▲ 27.5%€159,913▼ 7.2%€160,355▲ 0.3%€179,838▲ 12.2%€92,933▼ 48.3%
Working capital-€4,424-€11,055€53,265within the sector's middle half▲ 382%€99,773within the sector's middle half▲ 87.3%€104,418within the sector's middle half▲ 4.7%€141,138within the sector's middle half▲ 35.2%
Solvency11.8%-17.6%▲ 5.8pp34.0%within the sector's middle half▲ 16.4pp41.8%within the sector's middle half▲ 7.7pp40.8%within the sector's middle half▼ 1.0pp57.6%within the sector's middle half▲ 16.9pp
Current ratio0.91-1.12▲ 0.201.60within the sector's middle half▲ 0.482.28within the sector's middle half▲ 0.681.99within the sector's middle half▼ 0.283.10above the sector's middle half▲ 1.11
Return on assets (ROA)-0.2%-9.0%▲ 9.2pp18.8%above the sector's middle half▲ 9.8pp11.8%within the sector's middle half▼ 7.0pp2.9%within the sector's middle half▼ 9.0pp1.2%within the sector's middle half▼ 1.6pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 44% lower than in 2022 and the lowest since 2018. It is the third fall in a row.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €219,356
Fixed assets
€10,980 ▼ 88.3%
Current assets
€208,376 ▼ 0.6%
Equity and liabilities €219,356
Equity
€126,423 ▲ 2.2%
Debt
€92,933 ▼ 48.3%
Debt's share of the balance-sheet total falls from 59.2% to 42.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.74▼
2022 · 1.45
ROE
2.1%▼
2022 · 7.0%
Debt ≤ 1 year
€67,238▼
2022 · €105,123
Debt > 1 year
€25,695▼
2022 · €74,715
Income taxes
€1,347▼
2022 · €2,352
Customer credit
678 days
Supplier credit
281 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €702 | - | - |
| Depreciation and write-downs of the year | €3,427 | €3,474 | - |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €52,533 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €47,475 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,240 | €3,240 | €3,240 | €3,427 | €3,474 | - | - |
| Other operating charges640/8 | - | - | - | €2,190 | - | €593 | - |
| Gross operating margin9900 | €6,239 | €151,943 | €61,911 | €50,911 | €11,484 | €5,058 | ▼ 56.0% |
| Operating profit (loss)9901 | €2,999 | €30,800 | €58,671 | €45,294 | €8,010 | €4,465 | ▼ 44.3% |
| Financial income75/76B | - | - | - | €4,447 | €5,846 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,206 | - | €5,590 | €4,447 | €5,846 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €4,558 | €2,813 | €438 | ▼ 84.4% |
| Recurring financial charges65 | €4,563 | €3,429 | €3,153 | €4,558 | €2,813 | €438 | ▼ 84.4% |
| Profit (loss) for the period before taxes9903 | -€358 | €27,370 | €61,108 | €45,183 | €11,043 | €4,028 | ▼ 63.5% |
| Income taxes67/77 | - | €8,618 | €15,501 | €12,637 | €2,352 | €1,347 | ▼ 42.7% |
| Profit (loss) for the period9904 | -€358 | €18,752 | €45,607 | €32,546 | €8,691 | €2,681 | ▼ 69.2% |
| Profit (loss) for the period to be appropriated9905 | -€358 | €18,752 | €45,607 | €32,546 | €8,691 | €2,681 | ▼ 69.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €153,247 | €209,171 | €242,418 | €275,405 | €303,580 | €219,356 | ▼ 27.7% |
| Fixed assets21/28 | €106,718 | €103,478 | €100,238 | €97,513 | €94,039 | €10,980 | ▼ 88.3% |
| Tangible fixed assets22/27 | €106,718 | €103,478 | €100,238 | €97,513 | €94,039 | €148 | ▼ 99.8% |
| Land and buildings22 | - | - | - | €96,830 | €93,624 | - | - |
| Plant, machinery and equipment23 | - | - | - | €515 | €281 | €47 | ▼ 83.1% |
| Furniture and vehicles24 | - | - | - | €167 | €134 | €100 | ▼ 25.0% |
| Financial fixed assets28 | - | - | - | - | - | €10,832 | - |
| Current assets29/58 | €46,528 | €105,693 | €142,180 | €177,893 | €209,541 | €208,376 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €46,528 | €105,693 | €142,180 | €147,893 | €179,541 | €178,376 | ▼ 0.6% |
| Trade receivables40 | - | - | - | €62,544 | €99,280 | €97,602 | ▼ 1.7% |
| Other amounts receivable41 | - | - | - | €85,348 | €80,261 | €80,774 | ▲ 0.6% |
| Current investments50/53 | - | - | - | €30,000 | €30,000 | €30,000 | = |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €153,247 | €209,171 | €242,418 | €275,405 | €303,580 | €219,356 | ▼ 27.7% |
| Equity10/15 | €18,146 | €36,898 | €82,505 | €115,051 | €123,742 | €126,423 | ▲ 2.2% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Contributions outside capital11 | - | - | - | - | - | €12,400 | - |
| Other1109/19 | - | - | - | - | - | €12,400 | - |
| Reserves13 | €306 | €1,244 | €1,244 | €1,244 | €1,244 | €3,924 | ▲ 215% |
| Non-distributable reserves130/1 | - | - | - | €1,244 | €1,244 | €1,244 | = |
| Reserves not available under the articles1311 | - | - | - | €1,244 | €1,244 | €1,244 | = |
| Distributable reserves133 | - | - | - | - | - | €2,680 | - |
| Profit (loss) carried forward14 | €5,440 | €23,254 | €68,861 | €101,407 | €110,098 | €110,099 | = |
| Amounts payable17/49 | €135,101 | €172,273 | €159,913 | €160,355 | €179,838 | €92,933 | ▼ 48.3% |
| Amounts payable after more than one year17 | €84,148 | €77,635 | €70,998 | €82,235 | €74,715 | €25,695 | ▼ 65.6% |
| Financial debts170/4 | - | - | - | €82,235 | €74,715 | €25,695 | ▼ 65.6% |
| Amounts payable within one year42/48 | €50,952 | €94,638 | €88,916 | €78,119 | €105,123 | €67,238 | ▼ 36.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,526 | €13,132 | €7,230 | ▼ 44.9% |
| Financial debts43 | - | - | - | €2,944 | €10,093 | €13 | ▼ 99.9% |
| Credit institutions430/8 | - | - | - | €2,944 | €10,093 | €13 | ▼ 99.9% |
| Trade debts44 | €15,611 | €15,775 | €21,262 | €24,751 | €31,099 | €36,521 | ▲ 17.4% |
| Suppliers440/4 | - | - | - | €24,751 | €31,099 | €36,521 | ▲ 17.4% |
| Advances received on contracts in progress46 | - | - | - | €13,760 | €13,760 | €14,760 | ▲ 7.3% |
| Taxes, remuneration and social security45 | - | - | - | €28,138 | €37,039 | €8,714 | ▼ 76.5% |
| Taxes450/3 | - | - | - | €28,138 | €37,039 | €8,714 | ▼ 76.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€358 | €18,752 | €45,607 | €32,546 | €8,691 | €2,681 | ▼ 69.2% |
| + Depreciation and write-downs630 | €3,240 | €3,240 | €3,240 | €3,427 | €3,474 | - | - |
| Operating cash flow (approximation) | €2,882 | €21,993 | €48,847 | €35,973 | €12,165 | €2,681 | ▼ 78.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€702 | €0 | €83,059 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 03-08-2025 | 2025-00367974 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00439953 | |
| 31-12-2021 | abbreviated format | 05-09-2022 | 2022-20428129 | |
| 31-12-2020 | abbreviated format | 24-08-2021 | 2021-58800336 | |
| 31-12-2019 | abbreviated format | 17-09-2020 | 2020-55100140 | |
| 31-12-2018 | abbreviated format | 31-03-2020 | 2020-08500541 | |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-68500206 | |
| 31-12-2016 | abbreviated format | 27-12-2017 | 2017-73600323 |