SB BOUWONDERNEMING
ActiveSummary
The computed 12-month bankruptcy probability of SB BOUWONDERNEMING is 2.1% (moderate). The 2025 annual accounts show equity of €81,393 and a net result of €56. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 77% of 28281 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-19
Solvency97▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.55 against 10.03 in 2024; short-term debt: 27.7% and cash: 44.7% of total assets), and 27.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.3%
Return on assets
0%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 d early
2024
44 d early
2023
on the day
2022
62 d early
2021
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 18 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€81,393▲ 0.1%
2024 · €81,337
Total assets
€112,598▲ 25.8%
2024 · €89,499
Net result
€56▼ 99.6%
2024 · €13,692
Working capital
€79,483▲ 7.8%
2024 · €73,729
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€11,186-€38,474▲ 244%€27,734▼ 27.9%€17,366▼ 37.4%€127▼ 99.3%
Net result€8,926within the sector's middle half-€30,745above the sector's middle half▲ 244%€22,944within the sector's middle half▼ 25.4%€13,692within the sector's middle half▼ 40.3%€56below the sector's middle half▼ 99.6%
Equity€13,956below the sector's middle half-€44,700within the sector's middle half▲ 220%€67,644within the sector's middle half▲ 51.3%€81,337within the sector's middle half▲ 20.2%€81,393within the sector's middle half▲ 0.1%
Total assets€23,208below the sector's middle half-€80,162within the sector's middle half▲ 245%€87,104within the sector's middle half▲ 8.7%€89,499within the sector's middle half▲ 2.7%€112,598within the sector's middle half▲ 25.8%
Debt€9,252-€35,462▲ 283%€19,459▼ 45.1%€8,162▼ 58.1%€31,205▲ 282%
Working capital€13,147within the sector's middle half-€24,229within the sector's middle half▲ 84.3%€53,448within the sector's middle half▲ 121%€73,729within the sector's middle half▲ 37.9%€79,483within the sector's middle half▲ 7.8%
Solvency60.1%within the sector's middle half-55.8%within the sector's middle half▼ 4.4pp77.7%above the sector's middle half▲ 21.9pp90.9%above the sector's middle half▲ 13.2pp72.3%above the sector's middle half▼ 18.6pp
Current ratio2.42within the sector's middle half-1.68within the sector's middle half▼ 0.743.75above the sector's middle half▲ 2.0610.03above the sector's middle half▲ 6.293.55above the sector's middle half▼ 6.49
Return on assets (ROA)38.5%above the sector's middle half-38.4%above the sector's middle half▼ 0.1pp26.3%above the sector's middle half▼ 12.0pp15.3%within the sector's middle half▼ 11.0pp0.0%below the sector's middle half▼ 15.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112,598
Fixed assets
€1,910 ▼ 74.9%
Current assets
€110,687 ▲ 35.2%
Equity and liabilities €112,598
Equity
€81,393 ▲ 0.1%
Debt
€31,205 ▲ 282%
Debt's share of the balance-sheet total rises from 9.1% to 27.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,373▼
2024 · €23,955
Cash flow
€6,302▼
2024 · €20,281
Quick ratio
3.12▼
2024 · 9.00
Debt to equity
0.38▲
2024 · 0.10
ROE
0.1%▼
2024 · 16.8%
Interest coverage
106.21▼
2024 · 377.19
Debt ≤ 1 year
€31,205▲
2024 · €8,162
Income taxes
€57▼
2024 · €3,657
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
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 2.1% 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 5,048 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €568 | €979 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58 | €637 | €6,589 | €6,589 | €6,246 | ▼ 5.2% |
| Other operating charges640/8 | - | €547 | €880 | €605 | €711 | ▲ 17.5% |
| Gross operating margin9900 | €11,792 | €39,658 | €35,203 | €24,561 | €7,084 | ▼ 71.2% |
| Operating profit (loss)9901 | €11,186 | €38,474 | €27,734 | €17,366 | €127 | ▼ 99.3% |
| Financial income75/76B | - | €23 | €2,221 | €47 | €47 | ▼ 0.6% |
| Recurring financial income75 | €0 | €23 | €2,221 | €47 | €47 | ▼ 0.6% |
| Financial charges65/66B | - | €51 | €683 | €64 | €60 | ▼ 5.5% |
| Recurring financial charges65 | €55 | €51 | €683 | €64 | €60 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | €11,131 | €38,446 | €29,272 | €17,350 | €113 | ▼ 99.3% |
| Income taxes67/77 | €2,205 | €7,702 | €6,328 | €3,657 | €57 | ▼ 98.4% |
| Profit (loss) for the period9904 | €8,926 | €30,745 | €22,944 | €13,692 | €56 | ▼ 99.6% |
| Profit (loss) for the period to be appropriated9905 | €8,926 | €30,745 | €22,944 | €13,692 | €56 | ▼ 99.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,208 | €80,162 | €87,104 | €89,499 | €112,598 | ▲ 25.8% |
| Fixed assets21/28 | €809 | €20,472 | €14,196 | €7,607 | €1,910 | ▼ 74.9% |
| Tangible fixed assets22/27 | €809 | €20,472 | €14,196 | €7,607 | €1,910 | ▼ 74.9% |
| Plant, machinery and equipment23 | - | €16,563 | €10,957 | €5,350 | €116 | ▼ 97.8% |
| Furniture and vehicles24 | - | €3,909 | €3,240 | €2,257 | €1,795 | ▼ 20.5% |
| Current assets29/58 | €22,400 | €59,690 | €72,907 | €81,891 | €110,687 | ▲ 35.2% |
| Stocks and contracts in progress3 | - | - | - | €8,470 | €13,240 | ▲ 56.3% |
| Contracts in progress37 | - | - | - | €8,470 | €13,240 | ▲ 56.3% |
| Amounts receivable within one year40/41 | €5,715 | €19,477 | €447 | €4,708 | €46,569 | ▲ 889% |
| Trade receivables40 | - | €19,477 | €106 | €865 | €41,688 | ▲ 4,720% |
| Other amounts receivable41 | - | - | €341 | €3,843 | €4,881 | ▲ 27.0% |
| Cash at bank and in hand54/58 | €16,685 | €40,213 | €71,478 | €67,971 | €50,381 | ▼ 25.9% |
| Deferred charges and accrued income490/1 | - | - | €982 | €742 | €497 | ▼ 33.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,208 | €80,162 | €87,104 | €89,499 | €112,598 | ▲ 25.8% |
| Equity10/15 | €13,956 | €44,700 | €67,644 | €81,337 | €81,393 | ▲ 0.1% |
| Contributions10/11 | - | €5,030 | €5,030 | €5,030 | €5,030 | = |
| Reserves13 | €8,926 | €39,670 | €62,614 | €76,307 | €76,363 | ▲ 0.1% |
| Distributable reserves133 | - | €39,670 | €62,614 | €76,307 | €76,363 | ▲ 0.1% |
| Amounts payable17/49 | €9,252 | €35,462 | €19,459 | €8,162 | €31,205 | ▲ 282% |
| Amounts payable within one year42/48 | €9,252 | €35,462 | €19,459 | €8,162 | €31,205 | ▲ 282% |
| Trade debts44 | €2,798 | €17,235 | €4,271 | €2,454 | €8,952 | ▲ 265% |
| Suppliers440/4 | - | €17,235 | €4,271 | €2,454 | €8,952 | ▲ 265% |
| Advances received on contracts in progress46 | - | - | - | - | €20,000 | - |
| Taxes, remuneration and social security45 | - | €17,001 | €12,833 | €5,164 | €2,025 | ▼ 60.8% |
| Taxes450/3 | - | €17,001 | €12,833 | €5,164 | €2,025 | ▼ 60.8% |
| Other amounts payable47/48 | - | €1,225 | €2,355 | €544 | €228 | ▼ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,926 | €30,745 | €22,944 | €13,692 | €56 | ▼ 99.6% |
| + Depreciation and write-downs630 | €58 | €637 | €6,589 | €6,589 | €6,246 | ▼ 5.2% |
| Operating cash flow (approximation) | €8,984 | €31,381 | €29,533 | €20,281 | €6,302 | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | -€20,300 | -€313 | €0 | -€549 | - |
| Change in cash | - | €23,528 | €31,265 | -€3,507 | -€17,590 | ▼ 402% |
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
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €56 ▼99.6%
Net result drops to €56, the lowest in the series.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 10.03
Current ratio from 3.75 to 10.03; short-term debt falls from €19,459 to €8,162.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity doublescurrent ratio 3.75
Current ratio from 1.68 to 3.75; short-term debt falls from €35,462 to €19,459.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2021net €30,745 ▲244%
Operating result €38,474, net result €30,745, both a record.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Maasmechelen · 1 establishment unit since 2020
Ground area
600 m²
Building footprint
160 m²
Volume, LiDAR
923 m³
Parcel 73008A0899/00M000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SB BOUWONDERNEMING
since 20202.305.564.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73008A0899/00M000 | Flanders | 600 m² | 1 · 160 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,142 companies in sector 43910 we hold annual accounts for 5,493. 4,801 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43240Other construction installation
43331Floor and wall tiling
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750520276
Also
9925:BE0750520276
Registered
29-10-2025
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.