SVV-Tech
ActiveSummary
The computed 12-month bankruptcy probability of SVV-Tech is 6.4% (elevated). The 2024 annual accounts show equity of €50,804 and a net result of €9,870. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 36380 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+31
Solvency79=
Growth52=
Track record92
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.28 against 4.01 in 2023; short-term debt: 29.7% and cash: 5.5% of total assets), and 46.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024Solvency, return and age of the figures
Solvency
53.9%
Return on assets
10.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
77 d late
2023
300 d late
2022
374 d late
2021
153 d late
2020
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 185 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
€50,804▲ 24.1%
2023 · €40,934
Total assets
€94,247▲ 25.2%
2023 · €75,248
Net result
€9,870▲ 134%
2023 · €4,212
Working capital
€63,788▲ 13.0%
2023 · €56,474
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€25,065--€4,507€14,566€6,229▼ 57.2%€12,143▲ 94.9%
Net result€18,996within the sector's middle half--€1,170below the sector's middle half€12,696within the sector's middle half€4,212within the sector's middle half▼ 66.8%€9,870within the sector's middle half▲ 134%
Equity€25,196below the sector's middle half-€24,027within the sector's middle half▼ 4.6%€36,722within the sector's middle half▲ 52.8%€40,934within the sector's middle half▲ 11.5%€50,804within the sector's middle half▲ 24.1%
Total assets€42,807below the sector's middle half-€47,630below the sector's middle half▲ 11.3%€61,009below the sector's middle half▲ 28.1%€75,248within the sector's middle half▲ 23.3%€94,247within the sector's middle half▲ 25.2%
Debt€17,610-€23,603▲ 34.0%€24,287▲ 2.9%€34,314▲ 41.3%€43,443▲ 26.6%
Working capital€15,025-€20,023▲ 33.3%€37,322▲ 86.4%€56,474▲ 51.3%€63,788▲ 13.0%
Solvency58.9%within the sector's middle half-50.4%within the sector's middle half▼ 8.4pp60.2%within the sector's middle half▲ 9.7pp54.4%within the sector's middle half▼ 5.8pp53.9%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 95% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94,247
Fixed assets
€2,500
Current assets
€91,747
Equity and liabilities €94,247
Equity
€50,804 ▲ 24.1%
Debt
€43,443 ▲ 26.6%
Debt's share of the balance-sheet total rises from 45.6% to 46.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,643
Cash flow
€12,370
Current ratio
3.28▼
2023 · 4.01
Quick ratio
3.08▲
2023 · 3.06
Debt to equity
0.86▲
2023 · 0.84
ROE
19.4%▲
2023 · 10.3%
ROA
10.5%▲
2023 · 5.6%
Interest coverage
17.27
Debt ≤ 1 year
€27,959▲
2023 · €18,774
Debt > 1 year
€10,609▼
2023 · €14,940
Income taxes
€3,000▲
2023 · €2,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,300 | €300 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,636 | €6,134 | €4,854 | - | €2,500 | - |
| Other operating charges640/8 | - | €2,457 | €1,504 | €1,788 | €4,789 | ▲ 168% |
| Gross operating margin9900 | €34,457 | €7,384 | €21,224 | €8,017 | €19,432 | ▲ 142% |
| Operating profit (loss)9901 | €25,065 | -€4,507 | €14,566 | €6,229 | €12,143 | ▲ 94.9% |
| Financial income75/76B | - | - | €485 | €1,099 | €1,575 | ▲ 43.3% |
| Recurring financial income75 | €224 | - | €485 | €1,099 | €1,575 | ▲ 43.3% |
| Financial charges65/66B | - | €365 | €497 | €1,116 | €848 | ▼ 24.0% |
| Recurring financial charges65 | €171 | €365 | €497 | €1,116 | €848 | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | €25,118 | -€4,872 | €14,554 | €6,212 | €12,870 | ▲ 107% |
| Income taxes67/77 | €6,122 | -€3,702 | €1,858 | €2,000 | €3,000 | ▲ 50.0% |
| Profit (loss) for the period9904 | €18,996 | -€1,170 | €12,696 | €4,212 | €9,870 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €18,996 | -€1,170 | €12,696 | €4,212 | €9,870 | ▲ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,807 | €47,630 | €61,009 | €75,248 | €94,247 | ▲ 25.2% |
| Fixed assets21/28 | €10,171 | €4,854 | - | - | €2,500 | - |
| Tangible fixed assets22/27 | €10,171 | €4,854 | - | - | €2,500 | - |
| Plant, machinery and equipment23 | - | €29 | - | - | - | - |
| Furniture and vehicles24 | - | €4,825 | - | - | €2,500 | - |
| Current assets29/58 | €32,636 | €42,776 | €61,009 | €75,248 | €91,747 | ▲ 21.9% |
| Stocks and contracts in progress3 | - | - | €13,264 | €17,765 | €5,514 | ▼ 69.0% |
| Stocks30/36 | - | - | €9,514 | €10,015 | €3,014 | ▼ 69.9% |
| Contracts in progress37 | - | - | €3,750 | €7,750 | €2,500 | ▼ 67.7% |
| Amounts receivable within one year40/41 | €15,974 | €27,200 | €33,265 | €46,231 | €80,405 | ▲ 73.9% |
| Trade receivables40 | - | €18,289 | €17,885 | €10,690 | €10,989 | ▲ 2.8% |
| Other amounts receivable41 | - | €8,911 | €15,380 | €35,541 | €69,416 | ▲ 95.3% |
| Cash at bank and in hand54/58 | €16,030 | €14,944 | €13,848 | €10,620 | €5,196 | ▼ 51.1% |
| Deferred charges and accrued income490/1 | - | €632 | €632 | €632 | €632 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,807 | €47,630 | €61,009 | €75,248 | €94,247 | ▲ 25.2% |
| Equity10/15 | €25,196 | €24,027 | €36,722 | €40,934 | €50,804 | ▲ 24.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €950 | €17,800 | €30,522 | €34,734 | €44,604 | ▲ 28.4% |
| Non-distributable reserves130/1 | - | €950 | €950 | €950 | €950 | = |
| Reserves not available under the articles1311 | - | €950 | €950 | €950 | €950 | = |
| Distributable reserves133 | - | €16,850 | €29,572 | €33,784 | €43,654 | ▲ 29.2% |
| Profit (loss) carried forward14 | €18,047 | €27 | - | - | - | - |
| Amounts payable17/49 | €17,610 | €23,603 | €24,287 | €34,314 | €43,443 | ▲ 26.6% |
| Amounts payable after more than one year17 | - | - | - | €14,940 | €10,609 | ▼ 29.0% |
| Financial debts170/4 | - | - | - | €14,940 | €10,609 | ▼ 29.0% |
| Amounts payable within one year42/48 | €17,610 | €22,753 | €23,687 | €18,774 | €27,959 | ▲ 48.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,113 | €4,112 | = |
| Trade debts44 | €9,371 | €17,243 | €19,122 | €6,056 | €8,968 | ▲ 48.1% |
| Suppliers440/4 | - | €17,243 | €19,122 | €6,056 | €8,968 | ▲ 48.1% |
| Taxes, remuneration and social security45 | - | €5,510 | €4,565 | €8,605 | €14,879 | ▲ 72.9% |
| Taxes450/3 | - | €3,993 | €4,565 | €8,605 | €14,879 | ▲ 72.9% |
| Remuneration and social security454/9 | - | €1,517 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €850 | €600 | €600 | €4,875 | ▲ 713% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,996 | -€1,170 | €12,696 | €4,212 | €9,870 | ▲ 134% |
| + Depreciation and write-downs630 | €8,636 | €6,134 | €4,854 | - | €2,500 | - |
| Operating cash flow (approximation) | €27,633 | €4,964 | €17,550 | €4,212 | €12,370 | ▲ 194% |
| Investment in fixed assets (approximation) | - | -€817 | - | - | - | - |
| Change in cash | - | -€1,086 | -€1,096 | -€3,228 | -€5,424 | ▼ 68.0% |
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
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 300 days late
16-05
KBO administration
Address struck
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 374 days late
2022
31-12
Financial
Back to profitnet €12,696
Net result €12,696 after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Weakest financial yearnet -€1,170
Net result drops to -€1,170, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 acts for this company are 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, Hasselt · 1 establishment unit since 2019
Ground area
6,874 m²
Building footprint
244 m²
Volume, LiDAR
331 m³
2 parcels, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
1 establishment unit
SVV-TECH
since 20192.289.010.552
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0155/00H002 | Flanders | 6,122 m² | - | - |
| 71065A0226/00R002 | Flanders | 751 m² | 1 · 244 m² | 7.4 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesSVV-Tech BV44085
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,585 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 (pre-2019)
Founded26-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0725736677
Also
9925:BE0725736677
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.