SVG Construct
Open bankruptcySummary
A bankruptcy procedure is open for SVG Construct according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €224k and a net result of €58k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€224k▲ 34.9%
2022 · €166k
2021: €97k
2022: €166k
2021 → 2023
Total assets
€1.24M▲ 46.3%
2022 · €851k
2021: €824k
2022: €851k
2021 → 2023
Net result
€58k▼ 16.7%
2022 · €70k
2021: €277k
2022: €70k
2021 → 2023
Working capital
€382k▲ 178%
2022 · €138k
2021: €37k
2022: €138k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€97k-€166k▲ 72.1%€224k▲ 34.9%
Operating result€335k-€129k▼ 61.5%€120k▼ 6.9%
Net result€277k-€70k▼ 74.8%€58k▼ 16.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 7% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.24M
Fixed assets
€49k ▼ 1.3%
Current assets
€1.20M ▲ 49.2%
Equity and liabilities €1.24M
Equity
€224k ▲ 34.9%
Debt
€1.02M ▲ 49.0%
Debt's share of the balance-sheet total rises from 80.5% to 82.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€141k▼
2022 · €148k
Cash flow
€79k▼
2022 · €89k
Current ratio
1.47▲
2022 · 1.21
Quick ratio
1.45▲
2022 · 1.18
Debt to equity
4.55▲
2022 · 4.12
ROE
25.9%▼
2022 · 41.9%
ROA
4.7%▼
2022 · 8.2%
Interest coverage
3.67▼
2022 · 9.64
Debt ≤ 1 year
€813k▲
2022 · €663k
Debt > 1 year
€207k▲
2022 · €21k
Income taxes
€28k▼
2022 · €28k
Staff costs
€48k▲
2022 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 57 lines
Balance sheet
Code20222023
Assets
Total assets20/58€851k€1.24M▲
Fixed assets21/28€50k€49k▼
Tangible fixed assets22/27€46k€46k▼
Plant, machinery and equipment23€33k€25k▼
Furniture and vehicles24€13k€21k▲
Financial fixed assets28€3k€3k=
Current assets29/58€801k€1.20M▲
Stocks and contracts in progress3€17k€18k▲
Stocks30/36€17k€18k▲
Amounts receivable within one year40/41€780k€1.11M▲
Trade receivables40€570k€773k▲
Other amounts receivable41€211k€337k▲
Cash at bank and in hand54/58€4k€67k▲
Equity and liabilities
Total equity and liabilities10/49€851k€1.24M▲
Equity10/15€166k€224k▲
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Reserves13-€150k
Distributable reserves133-€150k
Profit (loss) carried forward14€146k€54k▼
Amounts payable17/49€684k€1.02M▲
Amounts payable after more than one year17€21k€207k▲
Financial debts170/4€21k€30k▲
Other amounts payable178/9-€177k
Amounts payable within one year42/48€663k€813k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€125k€128k▲
Credit institutions430/8€125k€126k▲
Other loans439-€3k
Trade debts44€200k€593k▲
Suppliers440/4€200k€593k▲
Taxes, remuneration and social security45€52k€43k▼
Taxes450/3€50k€41k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€276k€37k▼
Income statement
Code20222023
Remuneration, social security and pensions62€22k€48k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k-
Other operating charges640/8€18k€45k▲
Non-recurring operating charges66A-€22k
Gross operating margin9900€184k€256k▲
Operating profit (loss)9901€129k€120k▼
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€38k€38k▲
Recurring financial charges65€15k€38k▲
Non-recurring financial charges66B€23k-
Profit (loss) for the period before taxes9903€98k€86k▼
Income taxes67/77€28k€28k▼
Profit (loss) for the period9904€70k€58k▼
Profit (loss) for the period to be appropriated9905€70k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€146k€204k▲
Profit (loss) brought forward from the previous period14P€77k€146k▲
Transfer to equity691/2-€150k
To other reserves6921-€150k
Social balance
Average headcount (FTE)9087-1.5
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · SVG CONSTRUCT BV ILGAT- LAAN 9, 3500 HASSELT · event 12-02-2026
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €58k ▼16.7%
Net result drops to €58k, the lowest in the series.
31-12
Financial
Equity above €200kEq €224k ▲34.9%
3 profitable years in a row build equity to €224k.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 99 days late
2022
31-12
Financial
Equity above €150kEq €166k ▲72.1%
2 profitable years in a row build equity to €166k.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 86 days late
SignalFinancial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2020
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.
Ilgatlaan 93500 HasseltGround area
1,389 m²
Building footprint
471 m²
Volume, LiDAR
7,569 m³
Parcel 71328D0376/00F000, Flanders · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SVG Construct
since 20202.300.908.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0376/00F000 | Flanders | 1,389 m² | 1 · 471 m² | 18.2 m · 6 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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER GIELEN Van Dijcklaan 15, 3500 HASSELT- |
12-02-2026 → present |
| Curator | FREDERIKA VAN SWYGENHOVEN VAN DIJCK-
LAAN 15, 3500 HASSELT |
12-02-2026 → present |
| Curator | DOMINIC
GIELEN VAN DIJCKLAAN 15, 3500 HASSELT- |
12-02-2026 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 6,717 EUR awarded · 6,717 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,717 EUR | 6,717 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 957 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
25510Coating of metals
33200Installation of industrial machinery and equipment
43120Site preparation
43350Other building finishing work
46842Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.