SF - CONSTRUCT
ActiveSummary
SF - CONSTRUCT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.03M and a net result of €179k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 837 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €9.78M | €10.53M | €12.36M | €14.86M | €13.21M | ▼ 11.1% |
| Turnover70 | €7.87M | €10.14M | €9.72M | €11.31M | €13.90M | ▲ 22.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €1.87M | €358k | €2.53M | €3.49M | €-828k | ▼ 124% |
| Other operating income74 | €37k | €36k | €104k | €54k | €137k | ▲ 154% |
| Operating charges60/66A | €9.49M | €10.42M | €11.94M | €14.20M | €12.82M | ▼ 9.7% |
| Goods for resale, raw materials and consumables60 | €6.62M | €7.46M | €9.25M | €11.18M | €9.80M | ▼ 12.3% |
| Purchases600/8 | €6.63M | €7.46M | €9.20M | €11.15M | €9.79M | ▼ 12.2% |
| Change in stocks: decrease (increase)609 | €-3k | €-3k | €51k | €28k | €5k | ▼ 81.6% |
| Services and other goods61 | €1.31M | €1.55M | €1.52M | €1.91M | €1.87M | ▼ 2.4% |
| Remuneration, social security and pensions62 | €1.47M | €1.33M | €949k | €955k | €989k | ▲ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €64k | €74k | €115k | €117k | ▲ 1.6% |
| Other operating charges640/8 | €47k | €20k | €90k | €41k | €46k | ▲ 13.1% |
| Non-recurring operating charges66A | - | - | €54k | €0 | - | - |
| Operating profit (loss)9901 | €282k | €118k | €423k | €657k | €394k | ▼ 40.1% |
| Financial income75/76B | €13k | €114k | €2k | €2k | €14k | ▲ 462% |
| Recurring financial income75 | €13k | €114k | €2k | €2k | €14k | ▲ 462% |
| Income from financial fixed assets750 | €13k | €6k | €96 | €2k | €0 | ▼ 100% |
| Income from current assets751 | - | - | €1k | €0 | €621 | - |
| Other financial income752/9 | €611 | €108k | €103 | €0 | €13k | ▲ 44,527,600% |
| Financial charges65/66B | €14k | €8k | €58k | €198k | €150k | ▼ 24.6% |
| Recurring financial charges65 | €14k | €8k | €58k | €198k | €150k | ▼ 24.6% |
| Debt charges650 | €9k | €6k | €45k | €191k | €139k | ▼ 27.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | €0 | - | - | - |
| Other financial charges652/9 | €5k | €2k | €13k | €7k | €11k | ▲ 45.2% |
| Profit (loss) for the period before taxes9903 | €282k | €224k | €366k | €461k | €258k | ▼ 44.0% |
| Income taxes67/77 | €55k | €63k | €99k | €119k | €79k | ▼ 33.8% |
| Taxes670/3 | €97k | €63k | €99k | €119k | €79k | ▼ 33.8% |
| Tax adjustments and reversals of tax provisions77 | €41k | - | €0 | €0 | - | - |
| Profit (loss) for the period9904 | €226k | €161k | €267k | €342k | €179k | ▼ 47.6% |
| Profit (loss) for the period to be appropriated9905 | €226k | €161k | €267k | €342k | €179k | ▼ 47.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.92M | €6.18M | €9.97M | €12.07M | €11.16M | ▼ 7.5% |
| Fixed assets21/28 | €274k | €266k | €443k | €509k | €449k | ▼ 11.9% |
| Tangible fixed assets22/27 | €201k | €193k | €355k | €421k | €360k | ▼ 14.4% |
| Plant, machinery and equipment23 | €55k | €39k | €88k | €114k | €121k | ▲ 6.3% |
| Furniture and vehicles24 | €136k | €154k | €268k | €307k | €212k | ▼ 31.0% |
| Leasing and similar rights25 | €10k | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €27k | - |
| Financial fixed assets28 | €73k | €73k | €88k | €88k | €88k | = |
| Other financial fixed assets284/8 | €73k | €73k | €88k | €88k | €88k | = |
| Amounts receivable and cash guarantees285/8 | €73k | €73k | €88k | €88k | €88k | = |
| Current assets29/58 | €5.64M | €5.92M | €9.52M | €11.56M | €10.72M | ▼ 7.3% |
| Stocks and contracts in progress3 | €4.43M | €4.80M | €7.28M | €10.74M | €9.91M | ▼ 7.8% |
| Stocks30/36 | €107k | €110k | €60k | €32k | €27k | ▼ 15.7% |
| Raw materials and consumables30/31 | €100k | €103k | €52k | €25k | €20k | ▼ 20.4% |
| Property held for sale35 | €7k | €7k | €7k | €7k | €7k | = |
| Contracts in progress37 | €4.33M | €4.69M | €7.22M | €10.71M | €9.88M | ▼ 7.7% |
| Amounts receivable within one year40/41 | €654k | €798k | €392k | €283k | €339k | ▲ 20.1% |
| Trade receivables40 | €44k | €63k | €4k | €13k | €6k | ▼ 55.2% |
| Other amounts receivable41 | €610k | €735k | €388k | €269k | €333k | ▲ 23.9% |
| Cash at bank and in hand54/58 | €552k | €323k | €1.85M | €526k | €464k | ▼ 11.8% |
| Deferred charges and accrued income490/1 | €3k | €2k | €5k | €5k | €2k | ▼ 69.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.92M | €6.18M | €9.97M | €12.07M | €11.16M | ▼ 7.5% |
| Equity10/15 | €3.82M | €3.98M | €4.25M | €4.59M | €6.03M | ▲ 31.4% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €3.51M | ▲ 1,304% |
| Capital10 | €250k | €250k | €250k | €250k | €3.51M | ▲ 1,304% |
| Issued capital100 | €250k | €250k | €250k | €250k | €3.51M | ▲ 1,304% |
| Reserves13 | €25k | €25k | €25k | €25k | €2.52M | ▲ 9,962% |
| Non-distributable reserves130/1 | €25k | €25k | €25k | €25k | €351k | ▲ 1,304% |
| Legal reserve130 | €25k | €25k | €25k | €25k | €351k | ▲ 1,304% |
| Distributable reserves133 | - | - | - | - | €2.16M | - |
| Profit (loss) carried forward14 | €3.54M | €3.70M | €3.97M | €4.31M | €0 | ▼ 100% |
| Amounts payable17/49 | €2.10M | €2.21M | €5.72M | €7.48M | €5.14M | ▼ 31.3% |
| Amounts payable after more than one year17 | €94k | €60k | €218k | €268k | €188k | ▼ 29.9% |
| Financial debts170/4 | €94k | €60k | €218k | €268k | €188k | ▼ 29.9% |
| Leasing and similar obligations172 | €6k | - | - | - | - | - |
| Credit institutions173 | €88k | €60k | €218k | €268k | €188k | ▼ 29.9% |
| Amounts payable within one year42/48 | €1.98M | €2.12M | €5.47M | €7.17M | €4.92M | ▼ 31.4% |
| Current portion of amounts payable after more than one year42 | €46k | €27k | €65k | €97k | €105k | ▲ 8.0% |
| Financial debts43 | €194k | €326k | €1.58M | €3.42M | €885k | ▼ 74.2% |
| Credit institutions430/8 | - | €174k | €1.48M | €3.42M | €885k | ▼ 74.2% |
| Other loans439 | €194k | €152k | €100k | €0 | - | - |
| Trade debts44 | €1.54M | €1.27M | €935k | €1.01M | €806k | ▼ 20.3% |
| Suppliers440/4 | €1.54M | €1.27M | €935k | €1.01M | €806k | ▼ 20.3% |
| Taxes, remuneration and social security45 | €197k | €167k | €283k | €306k | €866k | ▲ 183% |
| Taxes450/3 | €47k | €22k | €201k | €195k | €749k | ▲ 284% |
| Remuneration and social security454/9 | €150k | €145k | €83k | €111k | €117k | ▲ 5.8% |
| Other amounts payable47/48 | €1k | €321k | €2.61M | €2.33M | €2.26M | ▼ 3.2% |
| Accrued charges and deferred income492/3 | €32k | €32k | €34k | €43k | €32k | ▼ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €226k | €161k | €267k | €342k | €179k | ▼ 47.6% |
| + Depreciation and write-downs630 | €44k | €64k | €74k | €115k | €117k | ▲ 1.6% |
| Operating cash flow (approximation) | €270k | €225k | €341k | €457k | €296k | ▼ 35.2% |
| Investment in fixed assets (approximation) | - | €-56k | €-251k | €-181k | €-57k | ▲ 68.6% |
| Change in cash | - | €-229k | €1.52M | €-1.32M | €-62k | ▲ 95.3% |
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
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24120B0168/00V000 | Flanders | 6,448 m² | 1 · 1,496 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 3,650 EUR awarded · 3,650 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 924 EUR | 924 EUR |
| 2023 | 1 | 1,506 EUR | 1,506 EUR |
| 2022 | 1 | 1,220 EUR | 1,220 EUR |
Recognitions · licences · registrations
Recognised contractor
10 categoriesSimilar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.