SV Concept
ActiveSV Concept has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-43k) and a net result of €41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+78
Solvency0=
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.61 in 2023; short-term debt: 125.1% and cash: 12.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
-25.1%
Return on assets
23.6%
Age of the figures
20 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 6%
← weakest
strongest →
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 23-02-2026, 207 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
207 d late
2023
31 d late
2022
29 d late
2021
30 d late
2020
27 d late
2019
18 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€881k▲ 39.1%
2022 · €633k
2018: €276k
2019: €374k
2020: €317k
2021: €553k
2022: €633k
2018 → 2023
EBIT margin
-17.0%▼ 19.0pp
2022 · 2.0%
2018: -0.1%
2019: 6.5%
2020: -0.2%
2021: 7.5%
2022: 2.0%
2018 → 2023
Net result
€41k
2023 · €-154k
2018: €-1k
2019: €23k
2020: €-6k
2021: €41k
2022: €2k
2023: €-154k
2018 → 2024
Working capital
€-48k▲ 43.9%
2023 · €-85k
2018: €1k
2019: €24k
2020: €18k
2021: €73k
2022: €73k
2023: €-85k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€317k-€553k▲ 74.7%€633k▲ 14.5%€881k▲ 39.1%
Equity€25k-€68k▲ 166%€70k▲ 3.3%€-84k€-43k▲ 48.5%
Operating result€-780-€41k€13k▼ 69.7%€-150k€61k
Net result€-6k-€41k€2k▼ 94.6%€-154k€41k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €61k after a loss of €150k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €172k
Fixed assets
€5k▲ 210%
Current assets
€168k▲ 24.6%
Key figures and ratios
EBITDA
€63k▲
2023 · €-143k
Cash flow
€43k▲
2023 · €-147k
Solvency
-25.1%▲
2023 · -61.7%
Current ratio
0.78▲
2023 · 0.61
Quick ratio
0.76▲
2023 · 0.51
Debt / equity
-4.99▼
2023 · -2.62
ROA
23.6%▲
2023 · -112.9%
Interest coverage
3.59
Debt
€216k▼
2023 · €220k
Debt ≤ 1 year
€216k▼
2023 · €220k
Income taxes
€2k▼
2023 · €4k
Staff costs
€199k▼
2023 · €246k
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€136k€172k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24-€2k
Other tangible fixed assets26€318-
Financial fixed assets28-€2k
Current assets29/58€135k€168k▲
Stocks and contracts in progress3€21k€3k▼
Stocks30/36€21k€3k▼
Amounts receivable within one year40/41€53k€140k▲
Trade receivables40€24k€112k▲
Other amounts receivable41€30k€28k▼
Cash at bank and in hand54/58€60k€22k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€136k€172k▲
Equity10/15€-84k€-43k▲
Contributions10/11€16k€16k=
Capital10€16k-
Issued capital100€19k-
Uncalled capital101€2k-
Profit (loss) carried forward14€-100k€-59k▲
Amounts payable17/49€220k€216k▼
Amounts payable within one year42/48€220k€216k▼
Financial debts43-€150k
Other loans439-€150k
Trade debts44€151k€8k▼
Suppliers440/4€151k€8k▼
Taxes, remuneration and social security45€38k€11k▼
Taxes450/3€4k€685▼
Remuneration and social security454/9€34k€10k▼
Other amounts payable47/48€31k€46k▲
Income statement
Code20232024
Turnover70€881k-
Goods, raw materials, services and sundry goods60/61€777k-
Remuneration, social security and pensions62€246k€199k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€958€3k▲
Gross operating margin9900€104k€264k▲
Operating profit (loss)9901€-150k€61k▲
Financial income75/76B€403-
Recurring financial income75€403-
Non-recurring financial income76B€403-
Financial charges65/66B-€18k
Recurring financial charges65-€18k
Profit (loss) for the period before taxes9903€-149k€43k▲
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€-154k€41k▲
Profit (loss) for the period to be appropriated9905€-154k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-100k€-59k▲
Profit (loss) brought forward from the previous period14P€54k€-100k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 207 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-154k ▼7092%
Net result drops to €-154k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
2015
20-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Manage · 1 establishment unit since 2016
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.
Rue de Bascoup 837170 ManageGround area
2,038 m²
Building footprint
226 m²
Volume, LiDAR
1,373 m³
2 parcels, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Belle-Hôtesse(MLZ) 11, 7140 Morlanwelz
since 20162.258.211.567
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52019B0435/00F004 | Wallonia | 1,946 m² | 1 · 184 m² | 7.0 m · 2 fl. |
| 56057A0526/00N006 | Wallonia | 93 m² | 1 · 42 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
ALTECS
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VERVAET MIDAS
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TSC SECURITY
BE 0873.163.910
Roeselare · Eq €70k
JG Energy Group
BE 0779.787.354
Farciennes · Eq €70k
SEASQUARE
BE 0877.576.816
Brussel · Eq €70k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 8,760 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.