SB CONSTRUCTION
ActiveSummary
SB CONSTRUCTION has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €26k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 7.83 against 4.71 in 2024; short-term debt: 12.8% and cash: 36.5% of total assets), and 12.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
87.2%
Return on assets
23.3%
Age of the figures
9 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
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
45 d early
2023
41 d early
2022
18 d early
2021
16 d early
2020
30 d late
2019
70 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▲ 38.1%
2024 · €19k
2018: €14k
2019: €15k▲ +5.5% vs 2018
2020: €13k▼ -13.4% vs 2019lowest in 8 years
2021: €15k▲ +18.0% vs 2020
2022: €13k▼ -15.2% vs 2021
2023: €20k▲ +54.4% vs 2022
2024: €19k▼ -3.5% vs 2023
2025: €26k▲ +38.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€99k▲ 15.9%
2024 · €86k
2018: €-763lowest in 8 years
2019: €6k▲ +936% vs 2018
2020: €20k▲ +212% vs 2019
2021: €36k▲ +80.5% vs 2020
2022: €56k▲ +56.9% vs 2021
2023: €76k▲ +34.7% vs 2022
2024: €86k▲ +12.7% vs 2023
2025: €99k▲ +15.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€57k▲ 26.6%€76k▲ 33.2%€86k▲ 12.0%€99k▲ 15.9%
2021: €45klowest in 5 years
2022: €57k▲ +26.6% vs 2021
2023: €76k▲ +33.2% vs 2022
2024: €86k▲ +12.0% vs 2023
2025: €99k▲ +15.9% vs 2024highest in 5 years
Operating result€25k-€22k▼ 14.8%€29k▲ 36.4%€30k▲ 1.9%€39k▲ 30.9%
2021: €25k
2022: €22k▼ -14.8% vs 2021lowest in 5 years
2023: €29k▲ +36.4% vs 2022
2024: €30k▲ +1.9% vs 2023
2025: €39k▲ +30.9% vs 2024highest in 5 years
Net result€15k-€13k▼ 15.2%€20k▲ 54.4%€19k▼ 3.5%€26k▲ 38.1%
2021: €15k
2022: €13k▼ -15.2% vs 2021lowest in 5 years
2023: €20k▲ +54.4% vs 2022
2024: €19k▼ -3.5% vs 2023
2025: €26k▲ +38.1% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €114k
Equity
€99k ▲ 15.9%
Debt
€15k ▼ 37.0%
Debt's share of the balance-sheet total falls from 21.2% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €30k
Cash flow
€26k▲
2024 · €20k
Current ratio
7.83▲
2024 · 4.71
Debt to equity
0.15▼
2024 · 0.27
ROE
26.7%▲
2024 · 22.4%
ROA
23.3%▲
2024 · 17.7%
Interest coverage
211.33▼
2024 · 214.02
Debt ≤ 1 year
€15k▼
2024 · €23k
Income taxes
€13k▲
2024 · €11k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€109k€114k▲
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Current assets29/58€109k€114k▲
Amounts receivable after more than one year29€229€51k▲
Other amounts receivable291€229€51k▲
Amounts receivable within one year40/41€25k€21k▼
Trade receivables40€23k€12k▼
Other amounts receivable41€2k€9k▲
Cash at bank and in hand54/58€84k€41k▼
Deferred charges and accrued income490/1€323€529▲
Equity and liabilities
Total equity and liabilities10/49€109k€114k▲
Equity10/15€86k€99k▲
Contributions10/11€6k€6k=
Reserves13€79k€93k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€78k€91k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€23k€15k▼
Amounts payable within one year42/48€23k€15k▼
Trade debts44€6k€592▼
Suppliers440/4€6k€592▼
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€874▼
Remuneration and social security454/9€0€200▲
Other amounts payable47/48€12k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€446€0▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€31k€41k▲
Operating profit (loss)9901€30k€39k▲
Financial income75/76B€35€865▲
Recurring financial income75€35€865▲
Financial charges65/66B€142€185▲
Recurring financial charges65€142€185▲
Profit (loss) for the period before taxes9903€30k€40k▲
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€19k€26k▲
Profit (loss) for the period to be appropriated9905€19k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€26k▲
Transfer from equity791/2€10k€13k▲
Transfer to equity691/2€19k€26k▲
To other reserves6921€19k€26k▲
Profit to be distributed694/7€10k€13k▲
Return on contributions (dividend)694€10k€13k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €314 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €505 | €446 | €0 | ▼ 100% |
| Other operating charges640/8 | €907 | €938 | €1k | €1k | €2k | ▲ 51.6% |
| Gross operating margin9900 | €34k | €31k | €31k | €31k | €41k | ▲ 29.7% |
| Operating profit (loss)9901 | €25k | €22k | €29k | €30k | €39k | ▲ 30.9% |
| Financial income75/76B | €497 | €349 | €514 | €35 | €865 | ▲ 2,374% |
| Recurring financial income75 | €497 | €349 | €514 | €35 | €865 | ▲ 2,374% |
| Financial charges65/66B | €817 | €420 | €163 | €142 | €185 | ▲ 30.6% |
| Recurring financial charges65 | €817 | €420 | €163 | €142 | €185 | ▲ 30.6% |
| Profit (loss) for the period before taxes9903 | €25k | €21k | €30k | €30k | €40k | ▲ 33.6% |
| Income taxes67/77 | €10k | €9k | €10k | €11k | €13k | ▲ 25.6% |
| Profit (loss) for the period9904 | €15k | €13k | €20k | €19k | €26k | ▲ 38.1% |
| Profit (loss) for the period to be appropriated9905 | €15k | €13k | €20k | €19k | €26k | ▲ 38.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €59k | €84k | €109k | €114k | ▲ 4.7% |
| Fixed assets21/28 | €9k | €951 | €446 | €0 | - | - |
| Tangible fixed assets22/27 | €9k | €951 | €446 | €0 | - | - |
| Furniture and vehicles24 | €9k | €951 | €446 | €0 | - | - |
| Current assets29/58 | €53k | €59k | €83k | €109k | €114k | ▲ 4.7% |
| Amounts receivable after more than one year29 | €12k | €9k | €3k | €229 | €51k | ▲ 22,159% |
| Other amounts receivable291 | €12k | €9k | €3k | €229 | €51k | ▲ 22,159% |
| Amounts receivable within one year40/41 | €19k | €17k | €24k | €25k | €21k | ▼ 15.8% |
| Trade receivables40 | €15k | €11k | €10k | €23k | €12k | ▼ 47.7% |
| Other amounts receivable41 | €4k | €6k | €14k | €2k | €9k | ▲ 386% |
| Cash at bank and in hand54/58 | €20k | €32k | €56k | €84k | €41k | ▼ 50.4% |
| Deferred charges and accrued income490/1 | €1k | €728 | €649 | €323 | €529 | ▲ 63.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €59k | €84k | €109k | €114k | ▲ 4.7% |
| Equity10/15 | €45k | €57k | €76k | €86k | €99k | ▲ 15.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €39k | €51k | €70k | €79k | €93k | ▲ 17.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €37k | €49k | €68k | €78k | €91k | ▲ 17.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €17k | €2k | €7k | €23k | €15k | ▼ 37.0% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €17k | €2k | €7k | €23k | €15k | ▼ 37.0% |
| Current portion of amounts payable after more than one year42 | €5k | €0 | - | - | - | - |
| Trade debts44 | €2k | €337 | €2k | €6k | €592 | ▼ 90.8% |
| Suppliers440/4 | €2k | €337 | €2k | €6k | €592 | ▼ 90.8% |
| Taxes, remuneration and social security45 | €9k | €400 | €4k | €4k | €1k | ▼ 76.1% |
| Taxes450/3 | €9k | €0 | €4k | €4k | €874 | ▼ 80.6% |
| Remuneration and social security454/9 | - | €400 | €400 | €0 | €200 | - |
| Other amounts payable47/48 | €804 | €1k | €804 | €12k | €13k | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €13k | €20k | €19k | €26k | ▲ 38.1% |
| + Depreciation and write-downs630 | €8k | €8k | €505 | €446 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €23k | €21k | €20k | €20k | €26k | ▲ 34.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €11k | €24k | €28k | €-42k | ▼ 250% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €26k ▲38.1%
Operating result €39k, net result €26k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 9current ratio 27.81
Current ratio from 3.14 to 27.81; short-term debt falls from €17k to €2k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €13k ▼13.4%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 70 days late
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 36 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Plombières · 1 establishment unit since 2011
Ground area
1,979 m²
Building footprint
92 m²
Volume, LiDAR
668 m³
Parcel 63037B0063/00C000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chevémont 9, 4852 Plombières
since 20112.200.650.777
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63037B0063/00C000 | Wallonia | 1,979 m² | 1 · 92 m² | 9.5 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 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,236 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 (pre-2019)
Founded29-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
25110Manufacture of metal structures and parts of structures
33200Installation of industrial machinery and equipment
68201Renting and operating of own or leased residential real estate, excluding social housing
74112Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.