Skip to content

SX

Active
Private limited companyfounded 201214 yrs activeFerdinand Kinnenstraat 2, 1970 Wezembeek-Oppem, BelgiumKBO/BCE: BE 0847.775.446
Summary

SX has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €775k and a net result of €100k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency81▲+5
Growth64=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.35 in 2023; short-term debt: 12.9% and cash: 4.4% of total assets), and 43.6% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
56.4%
Return on assets
7.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
34 d early
2022
32 d early
2021
42 d early
2020
25 d late
2019
86 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

Turnover
€228k▲ 3.1%
2018 · €221k
2018: €221k 2020: €228k
2018 → 2020
EBIT margin
42.7%▼ 5.5pp
2018 · 48.2%
2018: 48.2% 2020: 42.7%
2018 → 2020
Net result
€100k▲ 10.3%
2023 · €90k
2018: €57k 2019: €61k▲ +8.0% vs 2018 2020: €53k▼ -13.4% vs 2019 2021: €46k▼ -13.2% vs 2020lowest in 7 years 2022: €82k▲ +77.4% vs 2021 2023: €90k▲ +10.7% vs 2022 2024: €100k▲ +10.3% vs 2023highest in 7 years
2018 → 2024
Working capital
€-115k▲ 3.1%
2023 · €-118k
2018: €-93k 2019: €-40k▲ +57.2% vs 2018highest in 7 years 2020: €-94k▼ -134% vs 2019 2021: €-97k▼ -4.0% vs 2020 2022: €-106k▼ -9.1% vs 2021 2023: €-118k▼ -11.5% vs 2022lowest in 7 years 2024: €-115k▲ +3.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€228k-
Equity€618k-€664k▲ 7.4%€681k▲ 2.5%€731k▲ 7.4%€775k▲ 6.1% 2020: €618klowest in 5 years 2021: €664k▲ +7.4% vs 2020 2022: €681k▲ +2.5% vs 2021 2023: €731k▲ +7.4% vs 2022 2024: €775k▲ +6.1% vs 2023highest in 5 years
Operating result€97k-€81k▼ 16.9%€136k▲ 67.5%€148k▲ 8.8%€154k▲ 4.2% 2020: €97k 2021: €81k▼ -16.9% vs 2020lowest in 5 years 2022: €136k▲ +67.5% vs 2021 2023: €148k▲ +8.8% vs 2022 2024: €154k▲ +4.2% vs 2023highest in 5 years
Net result€53k-€46k▼ 13.2%€82k▲ 77.4%€90k▲ 10.7%€100k▲ 10.3% 2020: €53k 2021: €46k▼ -13.2% vs 2020lowest in 5 years 2022: €82k▲ +77.4% vs 2021 2023: €90k▲ +10.7% vs 2022 2024: €100k▲ +10.3% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100k€150kOperating result 2020: €97k€97kNet result 2020: €53k€53kOperating result 2021: €81k€81kNet result 2021: €46k€46kOperating result 2022: €136k€136kNet result 2022: €82k€82kOperating result 2023: €148k€148kNet result 2023: €90k€90kOperating result 2024: €154k€154kNet result 2024: €100k€100k20202021202220232024€0€50k€100k€150kOperating result 2022: €136k€136kNet result 2022: €82k€82kOperating result 2023: €148k€148kNet result 2023: €90k€90kOperating result 2024: €154k€154kNet result 2024: €100k€100k202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.38M
Fixed assets €1.31M ▼ 4.8%
Current assets €63k ▼ 1.6%
Equity and liabilities €1.38M
Equity €775k ▲ 6.1%
Debt €600k ▼ 15.6%
Debt's share of the balance-sheet total falls from 49.3% to 43.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€219k▲
2023 · €211k
Cash flow
€165k▲
2023 · €153k
Current ratio
0.36▲
2023 · 0.35
Debt to equity
0.77▼
2023 · 0.97
ROE
12.8%▲
2023 · 12.3%
ROA
7.2%▲
2023 · 6.3%
Interest coverage
18.65▲
2023 · 14.59
Debt ≤ 1 year
€178k▼
2023 · €183k
Debt > 1 year
€422k▼
2023 · €528k
Income taxes
€43k▼
2023 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.44M€1.38M▼
Fixed assets21/28€1.38M€1.31M▼
Tangible fixed assets22/27€1.38M€1.31M▼
Land and buildings22€1.34M€1.29M▼
Furniture and vehicles24€38k€26k▼
Financial fixed assets28€363€363=
Current assets29/58€64k€63k▼
Amounts receivable within one year40/41€12k€4k▼
Trade receivables40€12k€4k▼
Cash at bank and in hand54/58€53k€60k▲
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.38M▼
Equity10/15€731k€775k▲
Contributions10/11€40k€40k=
Reserves13€691k€735k▲
Tax-exempt reserves132€17k€17k=
Distributable reserves133€673k€718k▲
Amounts payable17/49€711k€600k▼
Amounts payable after more than one year17€528k€422k▼
Financial debts170/4€528k€422k▼
Amounts payable within one year42/48€183k€178k▼
Current portion of amounts payable after more than one year42€104k€106k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€46k€48k▲
Taxes450/3€46k€48k▲
Other amounts payable47/48€31k€23k▼
Income statement Code20232024
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€66k▲
Other operating charges640/8€15k€11k▼
Gross operating margin9900€225k€231k▲
Operating profit (loss)9901€148k€154k▲
Financial income75/76B€0€47▲
Recurring financial income75€0€47▲
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€133k€142k▲
Income taxes67/77€43k€43k▼
Profit (loss) for the period9904€90k€100k▲
Profit (loss) for the period to be appropriated9905€90k€100k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€100k▲
Transfer from equity791/2€40k€55k▲
Transfer to equity691/2€90k€100k▲
To other reserves6921€90k€100k▲
Profit to be distributed694/7€40k€55k▲
Return on contributions (dividend)694€40k€55k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Turnover70€228k-----
Non-recurring operating income76A---€6k--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€52k€55k€63k€66k▲ 4.1%
Other operating charges640/8-€27k€13k€15k€11k▼ 21.7%
Gross operating margin9900€167k€160k€204k€225k€231k▲ 2.5%
Operating profit (loss)9901€97k€81k€136k€148k€154k▲ 4.2%
Financial income75/76B---€0€47▲ 42,173%
Recurring financial income75---€0€47▲ 42,173%
Financial charges65/66B-€18k€16k€14k€12k▼ 18.5%
Recurring financial charges65€23k€18k€16k€14k€12k▼ 18.5%
Profit (loss) for the period before taxes9903€74k€63k€119k€133k€142k▲ 6.7%
Income taxes67/77€21k€17k€38k€43k€43k▼ 1.0%
Profit (loss) for the period9904€53k€46k€82k€90k€100k▲ 10.3%
Profit (loss) for the period to be appropriated9905€53k€46k€82k€90k€100k▲ 10.3%
Line20202021202220232024Change
Assets
Total assets20/58€1.51M€1.44M€1.44M€1.44M€1.38M▼ 4.6%
Fixed assets21/28€1.45M€1.40M€1.39M€1.38M€1.31M▼ 4.8%
Tangible fixed assets22/27€1.45M€1.40M€1.39M€1.38M€1.31M▼ 4.8%
Land and buildings22-€1.39M€1.39M€1.34M€1.29M▼ 4.0%
Furniture and vehicles24-€1k-€38k€26k▼ 31.0%
Financial fixed assets28€363€363€363€363€363=
Current assets29/58€59k€47k€44k€64k€63k▼ 1.6%
Amounts receivable within one year40/41€8k€7k€13k€12k€4k▼ 69.7%
Trade receivables40-€7k€13k€12k€4k▼ 69.7%
Cash at bank and in hand54/58€52k€40k€32k€53k€60k▲ 13.6%
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.44M€1.44M€1.44M€1.38M▼ 4.6%
Equity10/15€618k€664k€681k€731k€775k▲ 6.1%
Contributions10/11-€40k€40k€40k€40k=
Reserves13€578k€624k€641k€691k€735k▲ 6.4%
Tax-exempt reserves132-€17k€17k€17k€17k=
Distributable reserves133-€607k€623k€673k€718k▲ 6.6%
Amounts payable17/49€889k€779k€758k€711k€600k▼ 15.6%
Amounts payable after more than one year17€736k€634k€607k€528k€422k▼ 20.1%
Financial debts170/4-€634k€607k€528k€422k▼ 20.1%
Amounts payable within one year42/48€153k€145k€151k€183k€178k▼ 2.6%
Current portion of amounts payable after more than one year42-€93k€97k€104k€106k▲ 2.2%
Trade debts44-€1k€976€2k€1k▼ 29.4%
Suppliers440/4-€1k€976€2k€1k▼ 29.4%
Advances received on contracts in progress46-€2k----
Taxes, remuneration and social security45-€24k€25k€46k€48k▲ 3.3%
Taxes450/3-€24k€25k€46k€48k▲ 3.3%
Other amounts payable47/48-€25k€28k€31k€23k▼ 25.9%
Line20202021202220232024Change
Profit (loss) for the period9904€53k€46k€82k€90k€100k▲ 10.3%
+ Depreciation and write-downs630€51k€52k€55k€63k€66k▲ 4.1%
Operating cash flow (approximation)€104k€98k€137k€153k€165k▲ 7.8%
Investment in fixed assets (approximation)-€0€-54k€-47k€0▲ 100%
Change in cash-€-11k€-9k€21k€7k▼ 65.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Sign in to download as CSV

Timeline · acts, filings and financial milestones

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €100k ▲10.3%
Operating result €154k, net result €100k, both a record.
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
19-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet €46k ▼13.2%
Net result drops to €46k, the lowest in the series; recovery starts the following year.
25-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
06-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
22-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has 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
5 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, Wezembeek-Oppem · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
824 m²
Building footprint
240 m²
Volume, LiDAR
1,952 m³
2 parcels, Brussels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Jobsesteenweg 582, 1180 Ukkel
Real estate activities
since 20122.211.923.365
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22302D0025/00C016 Flanders 736 m² 1 · 104 m² 11.4 m · 3 fl.
21612D0194/00L002 Brussels 88 m² 1 · 135 m² 14.4 m · 4 fl.
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.

Similar companies · same sector, comparable size

Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,424 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
Founded01-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services

Scores and ratios are computed by Checked and are not a credit decision.