SX
ActiveSummary
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
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, 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 filingsDeviation 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)
History
Financials · fiscal year 2024, micro schema
Turnover
€228k▲ 3.1%
2018 · €221k
EBIT margin
42.7%▼ 5.5pp
2018 · 48.2%
Net result
€100k▲ 10.3%
2023 · €90k
Working capital
€-115k▲ 3.1%
2023 · €-118k
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
Line20202021202220232024
Turnover€228k
Operating result€97k▼ 12.3%€81k▼ 16.9%€136k▲ 67.5%€148k▲ 8.8%€154k▲ 4.2%
Net result€53k▼ 13.4%€46k▼ 13.2%€82k▲ 77.4%€90k▲ 10.7%€100k▲ 10.3%
EBIT margin42.7%
Equity€618k▲ 9.4%€664k▲ 7.4%€681k▲ 2.5%€731k▲ 7.4%€775k▲ 6.1%
Total assets€1.51M▼ 4.8%€1.44M▼ 4.3%€1.44M▼ 0.3%€1.44M▲ 0.2%€1.38M▼ 4.6%
Debt€889k▼ 12.7%€779k▼ 12.4%€758k▼ 2.7%€711k▼ 6.2%€600k▼ 15.6%
Working capital€-94k▼ 134%€-97k▼ 4.0%€-106k▼ 9.1%€-118k▼ 11.5%€-115k▲ 3.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
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
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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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.
More with these figures Sector benchmark What changed Value indication
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
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
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
DLM Invest
BE 0502.376.163
Wetteren · Eq €774,974
BYGG
BE 0792.642.230
Izegem · Eq €774,860
IMMOGAL
BE 0425.364.992
Jette · Eq €775,847
4 ALL PRODUCTIONS
BE 0863.392.050
Antwerpen · Eq €776,911
Frank Goddeeris
BE 0846.061.516
Hasselt · Eq €773,566
Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 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.