SB AGRO
ActiveSummary
The annual accounts of SB AGRO for fiscal year 2025 show a net loss of 54% of total assets and of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €192,574 and a net result of -€317,208. Equity is shrinking by ~27.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 28% of 272 sector peers (fiscal year 2025). The company has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-28
Solvency58▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.44 against 1.84 in 2024; short-term debt: 67% and cash: 37.7% of total assets), and 67.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
32.5%
Return on assets
-53.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
21 d late
2022
10 d late
2021
85 d late
2020
4 d early
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Sombreffe, Manufacturing sector#10 company by equity in Sombreffe, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€317,208
2024 · €53,966
Working capital
€172,805▼ 63.9%
2024 · €478,568
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,221▼ 7.9%-€176,985€100,578€59,564▼ 40.8%-€307,571
Net result-€2.8mbelow the sector's middle half€1.1mwithin the sector's middle half€283,498within the sector's middle half▼ 73.3%€53,966within the sector's middle half▼ 81.0%-€317,208below the sector's middle half
Equity€4.9mwithin the sector's middle half▼ 36.5%€4.2mwithin the sector's middle half▼ 14.1%€455,816below the sector's middle half▼ 89.1%€509,782below the sector's middle half▲ 11.8%€192,574below the sector's middle half▼ 62.2%
Total assets€9.1mwithin the sector's middle half▲ 10.5%€7.4mwithin the sector's middle half▼ 19.4%€6.6mwithin the sector's middle half▼ 9.9%€1.1mbelow the sector's middle half▼ 83.7%€591,801below the sector's middle half▼ 45.3%
Debt€1.3m▲ 116%€3.2m▲ 153%€6.2m▲ 94.6%€571,601▼ 90.7%€399,227▼ 30.2%
Working capital€7.9mwithin the sector's middle half▲ 2.7%€4.2mwithin the sector's middle half▼ 46.8%€413,935within the sector's middle half▼ 90.1%€478,568within the sector's middle half▲ 15.6%€172,805below the sector's middle half▼ 63.9%
Solvency53.4%within the sector's middle half▼ 39.6pp56.9%within the sector's middle half▲ 3.5pp6.9%below the sector's middle half▼ 50.0pp47.1%within the sector's middle half▲ 40.3pp32.5%within the sector's middle half▼ 14.6pp
Current ratio7.32above the sector's middle half▼ 6.932.32within the sector's middle half▼ 5.001.07below the sector's middle half▼ 1.251.84within the sector's middle half▲ 0.771.44within the sector's middle half▼ 0.40
Return on assets (ROA)-30.7%below the sector's middle half▼ 33.2pp14.4%above the sector's middle half▲ 45.1pp4.3%within the sector's middle half▼ 10.1pp5.0%within the sector's middle half▲ 0.7pp-53.6%below the sector's middle half▼ 58.6pp
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €307,571 after €59,564 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €591,801
Fixed assets
€22,743 ▼ 30.6%
Current assets
€569,058 ▼ 45.7%
Equity and liabilities €591,801
Equity
€192,574 ▼ 62.2%
Debt
€399,227 ▼ 30.2%
Debt's share of the balance-sheet total rises from 52.9% to 67.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€297,521▼
2024 · €69,614
Cash flow
-€307,158▼
2024 · €64,016
Quick ratio
1.17▼
2024 · 1.58
Debt to equity
2.07▲
2024 · 1.12
ROE
-164.7%▼
2024 · 10.6%
Interest coverage
-31.72▼
2024 · 0.38
Debt ≤ 1 year
€396,253▼
2024 · €570,021
Income taxes
€258▼
2024 · €287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,041 | €832 | €7,407 | €10,050 | €10,050 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €86,842 | -€1.1m | -€636,790 | -€622,554 | ▲ 2.2% |
| Other operating charges640/8 | €1,963 | €66,188 | €1.1m | €639,011 | €932,691 | ▲ 46.0% |
| Gross operating margin9900 | €82,226 | -€23,123 | €117,873 | €71,835 | €12,616 | ▼ 82.4% |
| Operating profit (loss)9901 | €75,221 | -€176,985 | €100,578 | €59,564 | -€307,571 | ▼ 616% |
| Financial income75/76B | €130,781 | €116,900 | €204,308 | €175,915 | - | - |
| Recurring financial income75 | €130,781 | €116,900 | €204,308 | €175,915 | - | - |
| Financial charges65/66B | €3.0m | -€1.1m | €9,174 | €181,225 | €9,379 | ▼ 94.8% |
| Recurring financial charges65 | €6,896 | €13,802 | €9,174 | €181,225 | €9,379 | ▼ 94.8% |
| Non-recurring financial charges66B | €3.0m | -€1.1m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2.8m | €1.1m | €295,712 | €54,254 | -€316,950 | ▼ 684% |
| Income taxes67/77 | €269 | €272 | €12,214 | €287 | €258 | ▼ 10.3% |
| Profit (loss) for the period9904 | -€2.8m | €1.1m | €283,498 | €53,966 | -€317,208 | ▼ 688% |
| Transfer from tax-exempt reserves789 | - | €83,215 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2.8m | €1.1m | €283,498 | €53,966 | -€317,208 | ▼ 688% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.1m | €7.4m | €6.6m | €1.1m | €591,801 | ▼ 45.3% |
| Fixed assets21/28 | €832 | - | €42,843 | €32,793 | €22,743 | ▼ 30.6% |
| Tangible fixed assets22/27 | €832 | - | €42,843 | €32,793 | €22,743 | ▼ 30.6% |
| Furniture and vehicles24 | €832 | - | €42,843 | €32,793 | €22,743 | ▼ 30.6% |
| Current assets29/58 | €9.1m | €7.4m | €6.6m | €1.0m | €569,058 | ▼ 45.7% |
| Amounts receivable after more than one year29 | €8.0m | €6.3m | €5.3m | - | - | - |
| Other amounts receivable291 | €8.0m | €6.3m | €5.3m | - | - | - |
| Stocks and contracts in progress3 | €530,989 | €287,866 | €465,528 | €147,133 | €107,276 | ▼ 27.1% |
| Stocks30/36 | €530,989 | €287,866 | €465,528 | €147,133 | €107,276 | ▼ 27.1% |
| Amounts receivable within one year40/41 | €617,276 | €657,358 | €440,145 | €348,214 | €238,677 | ▼ 31.5% |
| Trade receivables40 | €379,024 | €488,202 | €214,602 | €300,930 | €227,228 | ▼ 24.5% |
| Other amounts receivable41 | €238,252 | €169,156 | €225,544 | €47,283 | €11,449 | ▼ 75.8% |
| Cash at bank and in hand54/58 | €28,461 | €128,354 | €368,820 | €552,818 | €223,104 | ▼ 59.6% |
| Deferred charges and accrued income490/1 | - | €415 | - | €425 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.1m | €7.4m | €6.6m | €1.1m | €591,801 | ▼ 45.3% |
| Equity10/15 | €4.9m | €4.2m | €455,816 | €509,782 | €192,574 | ▼ 62.2% |
| Contributions10/11 | €3.8m | €3.8m | €64,323 | €64,323 | €64,323 | = |
| Capital10 | €3.8m | €3.8m | €64,323 | €64,323 | €64,323 | = |
| Issued capital100 | €3.8m | €3.8m | €64,323 | €64,323 | €64,323 | = |
| Reserves13 | €458,597 | €380,430 | €6,435 | €6,435 | €6,435 | = |
| Non-distributable reserves130/1 | €375,381 | €380,430 | €6,435 | €6,435 | €6,435 | = |
| Legal reserve130 | €356,789 | €380,430 | €6,435 | €6,435 | €6,435 | = |
| Other1319 | €18,592 | - | - | - | - | - |
| Tax-exempt reserves132 | €83,215 | - | - | - | - | - |
| Profit (loss) carried forward14 | €613,286 | €2,566 | €385,058 | €439,024 | €121,817 | ▼ 72.3% |
| Provisions and deferred taxes16 | €3.0m | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €3.0m | - | - | - | - | - |
| Other liabilities and charges164/5 | €3.0m | - | - | - | - | - |
| Amounts payable17/49 | €1.3m | €3.2m | €6.2m | €571,601 | €399,227 | ▼ 30.2% |
| Amounts payable within one year42/48 | €1.2m | €3.2m | €6.2m | €570,021 | €396,253 | ▼ 30.5% |
| Financial debts43 | €600,000 | €750,000 | - | - | - | - |
| Credit institutions430/8 | €600,000 | €750,000 | - | - | - | - |
| Trade debts44 | €644,788 | €468,738 | €392,071 | €313,503 | €133,242 | ▼ 57.5% |
| Suppliers440/4 | €644,788 | €468,738 | €392,071 | €313,503 | €133,242 | ▼ 57.5% |
| Taxes, remuneration and social security45 | €2,119 | €2,122 | €14,064 | €2,137 | €2,108 | ▼ 1.4% |
| Taxes450/3 | €2,119 | €2,122 | €14,064 | €2,137 | €2,108 | ▼ 1.4% |
| Other amounts payable47/48 | - | €2.0m | €5.8m | €254,381 | €260,903 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | €4,467 | €1,109 | €963 | €1,580 | €2,974 | ▲ 88.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.8m | €1.1m | €283,498 | €53,966 | -€317,208 | ▼ 688% |
| + Depreciation and write-downs630 | €5,041 | €832 | €7,407 | €10,050 | €10,050 | = |
| Operating cash flow (approximation) | -€2.8m | €1.1m | €290,904 | €64,016 | -€307,158 | ▼ 580% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €99,893 | €240,466 | €183,998 | -€329,713 | ▼ 279% |
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
23-06
State Gazette act
Permanent representative: Nele SaelensAppointments: Dominique Vancraeynest (managing director) and De Kleine Prins NV (director)6 facts ▸
State Gazette act
Permanent representative: Nele Saelens
Appointments: Dominique Vancraeynest (managing director) and De Kleine Prins NV (director)6 facts ▸
- General meeting, 27-05-2026
- Permanent representative, Nele Saelens (permanent representative)
- Board meeting, 27-05-2026
- Director appointment, Dominique Vancraeynest (managing director)
- Director appointment, Dominique Vancraeynest (director)
- Director appointment, De Kleine Prins NV (director)
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500,000Eq €509,782 ▲11.8%
3 profitable years in a row build equity to €509,782.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
31-12
Financial
Back to profitnet €1.1m
Net result €1.1m after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 85 days late
2021
31-12
Financial
Weakest financial yearnet -€2.8m
Net result drops to -€2.8m, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2026
Board 2
Dominique Vancraeynest
CurrentDirector · since 27-05-2026
NV De Kleine Prins
CurrentDirector · since 27-05-2026 · Legal entity · perm. rep.: Nele Saelens
Day-to-day management 1
Dominique Vancraeynest
CurrentManaging director · since 27-05-2026
Permanent representatives 1
Nele Saelens
CurrentPermanent representative · since 27-05-2026 · for NV De Kleine Prins
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sombreffe · 2 establishment units since 1993
Ground area
6.5 ha
Building footprint
2.3 ha
Volume, LiDAR
179,826 m³
2 parcels, Flanders, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SB AGRO
since 19932.004.979.508
SB AGRO
since 20182.281.964.491
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029B0410/00M000 | Flanders | 5.8 ha | 1 · 2.0 ha | 10.8 m · 3 fl. |
| 92114G0149/00G004 | Wallonia | 7,897 m² | 1 · 3,449 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Dominique Vancraeynest |
|
| NV De Kleine Prins |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Food safety, FASFC
1 siteWervik2.281.964.491
Legal Entity Identifier
549300JQDSYSSRJ2FU39
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Identification & contact
Identification
Legal formPublic limited company
Founded14-10-1960
Fiscal year end31-12
Activities, NACEBEL 2025
20150Manufacture of chemicals and chemical products
46851Wholesale of industrial chemicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403978175
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
5 convocationsOrdinary general meeting
Agenda
1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31 décembre 2018. 3. Affectation du résultat. 4. Décharge aux administrateurs. 5. Démission et nomination d’administrateurs et représentant permanent.
Ordinary general meeting
Agenda
1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31 décembre 2017. 3. Affectation du résultat. 4. Décharge aux adminstrateurs. 5. Démission et nomination d’administrateurs et représentant permanent.
Ordinary general meeting
Agenda
1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31 décembre 2016. 3. Affectation du résultat. 4. Décharge aux administrateurs. 5. Démission et nomination d’administrateurs et représentant perma- nent.
Ordinary general meeting
Agenda
1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31 décembre 2015. 3. Affectation du résultat. 4. Décharge aux adminstrateurs. 5. Démission et nomination d’adminstrateurs et représenant perma- nent.
Ordinary general meeting
Agenda
1. Rapport du conseil d’administration. 2. Approbation de comptes annuels au 31 décembre 2007. 3. Décharge aux administrateurs. 4. Démissions et (re)nominations d’admini- strateurs/représentants permanents.