SOV BEL CONSTRUCT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SOV BEL CONSTRUCT is 1.5% (moderate). The 2024 annual accounts show equity of €180k and a net result of €40k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 499 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	30-09-2025	61 d late	2025-00519436
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00422362
31-12-2022	31-07-2023	31-10-2023	92 d late	2023-00502780
31-12-2021	31-07-2022	30-07-2022	1 d early	2022-20259025
31-12-2020	31-07-2021	26-07-2021	5 d early	2021-39800566
31-12-2019	31-07-2020	30-09-2020	61 d late	2020-57700266
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-57400381
31-12-2017	31-07-2018	25-07-2018	6 d early	2018-38000127
31-12-2016	31-07-2017	14-07-2017	17 d early	2017-31600471
31-12-2015	31-07-2016	29-07-2016	2 d early	2016-38100561

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.5% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€427k-32.6%

EBIT margin1.6%-5.1pp

Net result€40k+53.3%

Working capital€78k+92.8%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~40% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	49.7%	36.6%	better than 68% of 499 sector peers
Net result	€40k	€19k	better than 64% of 497 sector peers
Equity	€180k	€90k	better than 63% of 499 sector peers
Gross operating margin	€43k	€111k	better than 33% of 468 sector peers
Staff costs	€2k	€150k	higher than 7% of 331 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P68

Weakening position over 2020-2024 · n=293-499

Net result P64

Improving position over 2020-2024 · n=293-497

Equity P63

Improving position over 2020-2024 · n=293-499

Gross operating margin P33

Improving position over 2020-2024 · n=267-468

Describes the position versus peers, not a forecast.

Revenue

€427k

-32.6% 18-24

EBITDA

€34k

-47.5% 18-24

Net profit

€40k

+53.3% 18-24

Cash flow

€67k

+40.1% 18-24

Total assets

€362k

-31.8% 18-24

Equity

€180k

+28.4% 18-24

Working capital

€78k

+92.8% 18-24

Staff costs

€2k

+115.6% 18-24

Income taxes

€11k

+45.3% 18-24

Debt

€182k

-53.4% 18-24

Debt ≤ 1y

€149k

-15.0% 18-24

Debt > 1y

€34k

-84.4% 18-24

Current ratio

1.53

+23.9% 18-24

Quick ratio

1.53

+23.9% 18-24

Solvency

49.7%

+88.2% 18-24

Debt / equity

1.01

-63.7% 18-24

ROE

22.1%

+19.4% 18-24

ROA

11.0%

+124.7% 18-24

Net margin

9.3%

+127.4% 18-24

EBITDA margin

7.9%

-22.1% 18-24

Interest coverage

1.99

-70.7% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	€427k
EBITDA	€34k
Net profit	€40k
Cash flow	€67k
Staff costs	€2k
Income taxes	€11k
Dividends	-
Total assets	€362k
Equity	€180k
Debt	€182k
of which ≤ 1y	€149k
of which > 1y	€34k
Working capital	€78k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.53
Quick ratio	1.53
Working capital ratio	21.6%
Solvency	49.7%
Debt / equity	1.01
Long-term debt ratio	0.19
Interest coverage	1.99
Gross margin	1.0%
Net margin	9.3%
ROA	11.0%
ROE	22.1%
EBITDA margin	7.9%
Days sales outstanding	116d
Days payable outstanding	105d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €135k · 37.4% Current assets €227k · 62.7%

Equity & liabilities

Equity €180k · 49.7% Debt €182k · 50.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€362k
Fixed assets	21/28	€135k
Tangible fixed assets	22/27	€135k
Financial fixed assets	28	€90
Current assets	29/58	€227k
Amounts receivable within one year	40/41	€156k
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€362k
Equity	10/15	€180k
Contributions / capital	10/11	€11k
Reserves	13	€2k
Accumulated profits (losses)	14	€168k
Amounts payable	17/49	€182k
Amounts payable after one year	17	€34k
Amounts payable within one year	42/48	€149k
Trade debts payable within one year	44	€121k
Income statement
Turnover	70	€427k
Gross operating margin	9900	€43k
Operating result	9901	€7k
Financial income	75	€60k
Financial charges	65	€17k
Result before taxes	9903	€50k
Income taxes	67/77	€11k
Net result for the period	9904	€40k
Result to be appropriated	9905	€40k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

91 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

Bergense Steenweg 624, 1070 Anderlecht

Schilderen van markeringen op wegen en parkeerplaatsen

since 20092.178.822.314

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area178 m²

Buildings2

Building footprint157 m²

Volume (LiDAR)1,776 m³

Tallest building17.1 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21012F0341/00W000	Brussels	95 m²	1 · 74 m²	10.3 m · 3 fl.
21306C0174/00Z004	Brussels	83 m²	1 · 83 m²	17.1 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

07-08-2023

Registered-office move

All acts · 1 updated 3 years ago

2023

07-08-2023 Registered office moved Registered-office change·Marc WILMUS

Notary: Marc WILMUS · Etterbeek

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 91

Profitability 70

Solvency 84

Growth 60

Stability 100

Credit advice

verdict per customer and amount

Similar

Similar companies

Comparable size, same sector

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A. MENCHIOR & FILS

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Eq €179k→

HOME'S FEELING

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Eq €182k→

BC Rénovation

BE 1016.247.818 · Vorst

Eq €179k→

We hold annual accounts for 647 of the 7,235 companies in this sector. 427 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299

Primary activity highlighted.

Names & trade names

Legal nameFR

SOV BEL CONSTRUCT

Registered office

Scheldestraat 130

1080 Sint-Jans-Molenbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.