SRBA Construction Belgium
SRBA Construction Belgium has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.45M and a net result of €226k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 343 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €2.45M |
| Net result | €226k |
| Staff (FTE) | 18.6 |
| Better than sector | 41% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.4% | 39.1% | |
| Net result | €226k | €40k | |
| Equity | €2.45M | €193k | |
| Gross operating margin | €1.85M | €230k | |
| Staff costs | €1.39M | €224k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema |
| Revenue | - | €15.15M | €17.80M |
| EBITDA | €435k | €585k | €832k |
| Net profit | €226k | €440k | €507k |
| Cash flow | €271k | €497k | €577k |
| Staff costs | €1.39M | €1.49M | €1.38M |
| Income taxes | €92k | €175k | €187k |
| Dividends | - | - | €1.00M |
| Total assets | €7.82M | €5.69M | €7.04M |
| Equity | €2.45M | €2.23M | €1.79M |
| Debt | €5.36M | €3.46M | €5.26M |
| of which ≤ 1y | €4.46M | €3.45M | €4.49M |
| of which > 1y | €900k | €7k | €768k |
| Working capital | €3.24M | €2.12M | €2.40M |
| Employees (FTE) | 18.6 | 19.3 | 20.6 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.73 | 1.61 | 1.53 |
| Quick ratio | 1.54 | 1.52 | 1.46 |
| Working capital ratio | 41.5% | 37.3% | 34.0% |
| Solvency | 31.4% | 39.2% | 25.4% |
| Debt / equity | 2.19 | 1.55 | 2.94 |
| Long-term debt ratio | 0.37 | 0.00 | 0.43 |
| Interest coverage | 4.91 | 7.83 | 15.81 |
| Gross margin | - | 24.5% | 21.0% |
| Net margin | - | 2.9% | 2.8% |
| ROA | 2.9% | 7.7% | 7.2% |
| ROE | 9.2% | 19.7% | 28.4% |
| EBITDA margin | - | 3.9% | 4.7% |
| Days sales outstanding | - | 102d | 104d |
| Days payable outstanding | - | 66d | 73d |
| Inventory turnover | - | 33.43 | 40.62 |
| Days inventory (DSI) | - | 11d | 9d |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €7.82M | €5.69M | €7.04M |
| Fixed assets | 21/28 | €111k | €113k | €158k |
| Tangible fixed assets | 22/27 | €111k | €113k | €158k |
| Current assets | 29/58 | €7.71M | €5.57M | €6.89M |
| Stocks & contracts in progress | 3 | €849k | €342k | €346k |
| Amounts receivable within one year | 40/41 | €5.98M | €4.53M | €5.37M |
| Cash & bank | 54/58 | €873k | €698k | €1.17M |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7.82M | €5.69M | €7.04M |
| Equity | 10/15 | €2.45M | €2.23M | €1.79M |
| Contributions / capital | 10/11 | €45k | €45k | €45k |
| Reserves | 13 | €2.41M | €2.18M | €1.74M |
| Amounts payable | 17/49 | €5.36M | €3.46M | €5.26M |
| Amounts payable after one year | 17 | €900k | €7k | €768k |
| Amounts payable within one year | 42/48 | €4.46M | €3.45M | €4.49M |
| Trade debts payable within one year | 44 | €2.88M | €2.06M | €2.81M |
| Income statement | ||||
| Turnover | 70 | - | €15.15M | €17.80M |
| Gross operating margin | 9900 | €1.85M | - | - |
| Operating result | 9901 | €390k | €528k | €761k |
| Financial income | 75 | €17k | €175k | €34k |
| Financial charges | 65 | €89k | €88k | €102k |
| Result before taxes | 9903 | €318k | €614k | €694k |
| Income taxes | 67/77 | €92k | €175k | €187k |
| Net result for the period | 9904 | €226k | €440k | €507k |
| Result to be appropriated | 9905 | €226k | €440k | €507k |
| NACE primary | Plastering work(43310) |
| Legal form | Private limited company(610) |
| Incorporation | 01-06-2011 |
| Status | Active |
| Postal code | 3640 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72026A1213/00C000 | Flanders | 4,197 m² | 1 · 1,792 m² | - |
| 72026A1228/00D000 | Flanders | 1,362 m² | 1 · 115 m² | 8.5 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-04-2023 Change in the board of directors
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "vaste_vertegenwoordiger",
"person": {
"rrn": null,
"name": "PAUWELS Geoffrey",
"address": "3500 Hasselt, Jan Palfijnlaan 1",
"birth_date": "1987-03-08",
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "additional",
"via_org": {
"kbo": "0760.991.427",
"name": "PAGEMA",
"address": "Jan Palfijnlaan 1",
"country": "BE",
"legal_form": "BV"
},
"statutory": "statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "Benoeming van besloten vennootschap PAGEMA (BE0760991427) te Hasselt, Jan Palfijnlaan 1, tot bijkomend bestuurder, welk mandaat onbezoldigd is tenzij de algemene vergadering anders beslist.",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "vaste_vertegenwoordiger",
"person": null,
"reason": null,
"subkind": "additional",
"via_org": {
"kbo": "0760.991.427",
"name": "PAGEMA",
"address": "Jan Palfijnlaan 1",
"country": "BE",
"legal_form": "BV"
},
"statutory": "statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "Aldus werd PAUWELS Geoffrey, geboren op 8 maart 1987, wonende te 3500 Hasselt, Jan Palfijnlaan 1, aangesteld tot vaste vertegenwoordiger van besloten vennootschap Pagema voor het bestuursmandaat dat deze vennootschap uitoefent zoals gezegd.",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Charly Van Cauwelaert",
"firm_city": null,
"firm_name": null,
"office_city": "Maaseik",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-04-17",
"filing_date": "2023-04-13",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-03-28",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0836.846.912",
"name_full": "MULLER COMPLETE AFBOUW BELGI\u00CB",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Charly Van Cauwelaert",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"expeditie van proces-verbaal buitengewone algemene vergadering",
"tekst der geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | SRBA Construction Belgium |