Equity
€92,811 ▲ 28.9%
SB GEST has made a profit without a break since 2021.
SB GEST
Lifetime
11 annual accounts with figures on one time axispeak €32,153 (2021)
€30,241▲ 21.5%
lowest -€3,686 (2020)
€20,784▲ 58.8%
peak €92,811 (2025)
€92,811▲ 28.9%
€122,824▼ 20.2%
Board2 names since 2021
1 directorBODARWE Stéphane
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €24,880 to €30,241Result from €13,091 to €20,784Equity from €72,027 to €92,811Debts from €153,970 to €122,824
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 55% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.27, cash €67,473
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €215,635
Equity €92,811 (43.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 40% of them on solvency, 81% on liquidity, 28% on profitability and 72% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as SB GEST has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of SB GEST itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 34,693 companies, not a prediction for SB GEST. 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.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.27 (3.49 in 2024), above the usual 1.5. Short-term debt is 11% and cash 31.3% of total assets. However, 57% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
25 days late
2023
15 days late
2022
18 days late
2021
22 days late
2020
30 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0564841985
Company renamed from JMSB to SB GEST
Registered office moved to Waimes · New registered office: Route de Hottleux n° 114/2/1, 4950 Waimes · Resignation: BODARWE Jean-Marie (director) · General meeting of 05-02-2021 · Gazette deed
First establishment
JMSB, Arimont-Route de la Carrière 2, Malmedy
Incorporation
published on 29-10-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SB GEST Waimes | €215,635 | €30,241 | 43.0% | - |
| LIGNES DEVELOPPEMENT Herstal | €190,808 | €28,324 | 10.2% | - |
| SPA WAUX-HALL CLUB MANAGEMENT Spa | €261,923 | €31,029 | 9.9% | - |
| AZUR CONSULTING Verviers | €231,134 | €33,404 | 6.3% | - |
| L.N.J. Chaudfontaine | €173,573 | €32,585 | 59.7% | - |
| SADEN Theux | €186,395 | €26,075 | 70.4% | - |
| JILI Ninove | €207,673 | €31,721 | 60.7% | - |
These companies have the same main activity as SB GEST: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €174,000 and €262,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 20-10-2014Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.237.125.6484960 Malmedy, since 11-12-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 28-02-2026
Insights on SB GEST
SB GEST files the micro format. That format states no turnover. The gross margin rose from -€2,771 in 2015 to €30,241 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SB GEST
- What is the company number of SB GEST?
- The company number of SB GEST is 0564.841.985. The VAT number is the same number with BE in front: BE 0564.841.985.
- Where is SB GEST based?
- The registered office is at Rue de Hottleux 114, 4950 Waimes.Company details
- What does SB GEST do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SB GEST?
- SB GEST is a private limited company (BV).
- When was SB GEST founded?
- SB GEST was founded on 20-10-2014.
- Is SB GEST still active?
- Yes, SB GEST is an active enterprise in the KBO register.
- What is the turnover of SB GEST?
- The turnover in financial year 2025 is ≈ €88,000. This figure is estimated from the gross margin of €30,241 and 144 comparable companies (NACE 70200). It probably lies between €53,000 and €120,000.Financials
- Is SB GEST profitable?
- In financial year 2025, SB GEST made a profit of €20,784.
- Where can I find the annual accounts of SB GEST?
- SB GEST filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SB GEST due?
- SB GEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.