SAZI CONSTRUCTION
ActiveThe computed 12-month bankruptcy probability of SAZI CONSTRUCTION is 4.4% (elevated). The 2024 annual accounts show equity of €57k and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 9981 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-57
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 7.85 against 5.77 in 2023; short-term debt: 11.7% and cash: 12.2% of total assets), and 11.7% of the assets are financed with debt.
Credit advice for your own amount and term
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
88.3%
Return on assets
-27.5%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-18k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-11-2025, 100 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
100 d late
2023
91 d late
2022
89 d late
2021
120 d late
2020
91 d late
2019
104 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€57k▼ 23.8%
2023 · €75k
2019: €15k
2020: €-940
2021: €-18k
2022: €75k
2023: €75k
2019 → 2024
Total assets
€64k▼ 28.0%
2023 · €89k
2019: €55k
2020: €46k
2021: €37k
2022: €101k
2023: €89k
2019 → 2024
Net result
€-18k▼ 9,129%
2023 · €-192
2019: €8k
2020: €-16k
2021: €-17k
2022: €93k
2023: €-192
2019 → 2024
Working capital
€52k▼ 27.0%
2023 · €71k
2019: €14k
2020: €-1k
2021: €-18k
2022: €72k
2023: €71k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-940-€-18k▼ 1,811%€75k€75k▼ 0.3%€57k▼ 23.8%
Operating result€-15k-€-16k▼ 4.8%€109k€935▼ 99.1%€-17k
Net result€-16k-€-17k▼ 9.6%€93k€-192€-18k▼ 9,129%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17k after €935 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€5k▲ 39.4%
Current assets
€59k▼ 30.9%
Equity and liabilities €64k
Equity
€57k▼ 23.8%
Debt
€8k▼ 49.2%
The debt ratio falls from 16.6% to 11.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-15k▼
2023 · €2k
Cash flow
€-16k▼
2023 · €847
Solvency
88.3%▲
2023 · 83.4%
Current ratio
7.85▲
2023 · 5.77
Quick ratio
7.85▲
2023 · 5.77
Debt / equity
0.13▼
2023 · 0.20
ROE
-31.2%▼
2023 · -0.3%
ROA
-27.5%▼
2023 · -0.2%
Interest coverage
-76.78▼
2023 · 4.66
Debt
€8k▼
2023 · €15k
Debt ≤ 1 year
€8k▼
2023 · €15k
Income taxes
€191▼
2023 · €870
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€89k€64k▼
Fixed assets21/28€4k€5k▲
Tangible fixed assets22/27€3k€5k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24-€3k
Financial fixed assets28€500€500=
Current assets29/58€86k€59k▼
Amounts receivable within one year40/41€27k€40k▲
Trade receivables40€22k€34k▲
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€43k€8k▼
Deferred charges and accrued income490/1€16k€11k▼
Equity and liabilities
Total equity and liabilities10/49€89k€64k▼
Equity10/15€75k€57k▼
Contributions10/11€6k€6k=
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€60k€42k▼
Amounts payable17/49€15k€8k▼
Amounts payable within one year42/48€15k€8k▼
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€13k€1k▼
Taxes450/3€13k€1k▼
Other amounts payable47/48€368€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€522€2k▲
Gross operating margin9900€2k€-13k▼
Operating profit (loss)9901€935€-17k▼
Financial income75/76B€167€1▼
Recurring financial income75€167€1▼
Financial charges65/66B€424€197▼
Recurring financial charges65€424€197▼
Profit (loss) for the period before taxes9903€678€-18k▼
Income taxes67/77€870€191▼
Profit (loss) for the period9904€-192€-18k▼
Profit (loss) for the period to be appropriated9905€-192€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€42k▼
Profit (loss) brought forward from the previous period14P€60k€60k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-07
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 04/05/2026
- Registered-office move, Rue Twyeninck 13, 1130 Haren
2025
08-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 100 days late
2024
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 89 days late
2022
31-12
Financial
Back to profitnet €93k
Net result €93k after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 3.78
Current ratio from 0.67 to 3.78; short-term debt falls from €55k to €26k.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Twyeninckstraat 131130 BrusselGround area
125 m²
Building footprint
61 m²
Volume, LiDAR
445 m³
Parcel 21821A0123/00W013, Brussels · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SAZI CONSTRUCTION
since 20182.280.482.371
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821A0123/00W013 | Brussels | 125 m² | 1 · 61 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0727.939.864
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HYDROPROTECT
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,152 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-10-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.