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SB ANESTHESIA

Active
Private limited companyfounded 2024active for 1 yearRue Walthère-Dewé 47, 4000 Liège, BelgiumKBO/BCE: BE 1016.720.049

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 28-07-2026 at the NBB

Turnover
≈ €390,000
Estimated: probably between €330,000 and €510,000
Total assets
€217,457
Net result
€160,131
Working capital
€161,568

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €217,457
Fixed assets €1,063
Current assets €216,393
Equity and liabilities €217,457
Equity €162,631
Debt €54,825
Debt's share of the balance-sheet total is 25.2%.
Key figures and ratios
2025 value
EBITDA
€208,931
Cash flow
€160,517
Current ratio
3.95
Debt to equity
0.34
ROE
98.5%
ROA
73.6%
Interest coverage
over 100
Debt ≤ 1 year
€54,825
Income taxes
€48,257

Investments

fixed assets acquired
Item2025
Tangible fixed assets€1,449
Depreciation and write-downs of the year€386

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 28 lines
Balance sheet Code2025
Assets
Total assets20/58€217,457
Fixed assets21/28€1,063
Tangible fixed assets22/27€1,063
Furniture and vehicles24€1,063
Current assets29/58€216,393
Cash at bank and in hand54/58€187,581
Deferred charges and accrued income490/1€28,812
Equity and liabilities
Total equity and liabilities10/49€217,457
Equity10/15€162,631
Contributions10/11€2,500
Profit (loss) carried forward14€160,131
Amounts payable17/49€54,825
Amounts payable within one year42/48€54,825
Trade debts44€2,473
Suppliers440/4€2,473
Taxes, remuneration and social security45€50,257
Taxes450/3€50,257
Other amounts payable47/48€2,095
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€386
Gross operating margin9900€208,931
Operating profit (loss)9901€208,545
Financial charges65/66B€157
Recurring financial charges65€157
Profit (loss) for the period before taxes9903€208,389
Income taxes67/77€48,257
Profit (loss) for the period9904€160,131
Profit (loss) for the period to be appropriated9905€160,131
Appropriation of the result
Profit (loss) to be appropriated9906€160,131

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€386
Gross operating margin9900€208,931
Operating profit (loss)9901€208,545
Financial charges65/66B€157
Recurring financial charges65€157
Profit (loss) for the period before taxes9903€208,389
Income taxes67/77€48,257
Profit (loss) for the period9904€160,131
Profit (loss) for the period to be appropriated9905€160,131
Line2025
Assets
Total assets20/58€217,457
Fixed assets21/28€1,063
Tangible fixed assets22/27€1,063
Furniture and vehicles24€1,063
Current assets29/58€216,393
Cash at bank and in hand54/58€187,581
Deferred charges and accrued income490/1€28,812
Equity and liabilities
Total equity and liabilities10/49€217,457
Equity10/15€162,631
Contributions10/11€2,500
Profit (loss) carried forward14€160,131
Amounts payable17/49€54,825
Amounts payable within one year42/48€54,825
Trade debts44€2,473
Suppliers440/4€2,473
Taxes, remuneration and social security45€50,257
Taxes450/3€50,257
Other amounts payable47/48€2,095
Line2025
Profit (loss) for the period9904€160,131
+ Depreciation and write-downs630€386
Operating cash flow (approximation)€160,517

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as SB ANESTHESIA has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of SB ANESTHESIA itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for SB ANESTHESIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 28-07-2026 2026-00341787 PDF

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