SB Holdings

Active

Public limited companyfounded 1980active for 46 yearsIldefonse Vandammestraat 5-7, 1560 Hoeilaart, BelgiumKBO/BCE: BE 0420.268.435

Summary

SB Holdings has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33.6m and a net result of €2.0m. Equity remains stable across the filed financial years (±0% per year). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

SB HoldingsActiveChecked score 88/100

Risk analysis Report Compare

Activity

“De verwerving, het beheer en de vervreemding van alle effecten, aandelen, obligaties of andere…” (deed in Dutch)

From the articles, 10 activitiesNo NACE code in the KBO yet1 site

Size

€33.6mtotal assets 2025

Equity: €33.6m
Profit: €2.0m

Financial health

88 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: CITRICOS Y REFRESCANTES SA · 99.99%
Holdings: 1

Maurine FERRIDirector
Jaime LAGO DE LANZOS BUNZLManaging director
Jaime LAGO DE LANZOS BUMZLDirector

Auditor: Deloitte Réviseurs d'Entreprises2025 accounts filed 3 days late

Why 88raises riskLiquidity: current ratio 0.30, cash €15,4261 change of registered office in 24 monthslowers riskSize: total assets €33.6mEquity €33.6m (99.8% of total assets)Show the evidence

Checked score

Score 2025

88 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 57% of its sector peers (no NACE code, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 99.8% of total assets

Liquidity 50=

short-term debt 0.2% · cash 0.0%

Profitability 52-1

return on assets 6.0%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.2%▼ -0.2 percentage points vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.2%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.6%▲ +0.4 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026highest value 05-2026: 0.3%▼ -0.3 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.2%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value

Credit of up to €2,950,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.3, compared with 0.43 in 2024, below 1; short-term debt: 0.2% and cash: 0% of total assets), and 0.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, medium-sized): better than 74% on solvency, 43% on liquidity, 74% on profitability and 38% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €33.6m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 0.30, cash €15,426

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Equity €33.6m (99.8% of total assets)

NBB · annual accounts

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

3 days late

2024

23 days early

2023

27 days early

2022

18 days early

2021

12 days late

2020

1 day early

2019

18 days late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)

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 13 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

03-08-2026 Annual accounts filedfinancial year 2025 · full…
20-07-2026 Appointment: Jaime LAGO DE LANZOS BUMZL…Reappointment: Jaime LAGO DE LANZOS…
27-10-2025 Resignation: François BRUCH (director and managing…Appointment: Jaime LAGO DE LANZOS…

Key points

Positive: 7 profitable years in a rowprofit 2025: €2.0m 7 years View
New directorlatest change 20-07-2026 · 3 in office 1 joined View
Known shareholderslargest: CITRICOS Y REFRESCANTES… 99.99% 100% View
Active since 1980founded 29-01-1980 46 years View

By topic

Financials

Financial year: 2025
Total assets: €33.6m
Profit: €2.0m
Solvency: 99.8%

Total assets=

Net result

20182025

Go to Financials

Board & ownership

Board: 3 members
Largest shareholder: CITRICOS Y REFRESCANTES SA · 99.99%
Known shareholders: 100%
Auditor: Deloitte Réviseurs d'Entreprises

Maurine FERRIDirector
Jaime LAGO DE LANZOS BUNZLManaging director
Jaime LAGO DE LANZOS BUMZLDirector

Go to Board & ownership

Network & group

Subsidiaries: 1
Connected companies: 10

1 subsidiary

Go to Network & group

Timeline

Events: 74
Since: 1981
Next accounts: by 31-07-2027

17-10-2025Registered office · Amendment of the articles
14-07-2025Reappointment: François BRUCH (director)
08-07-2025Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Founded: 29-01-1980
Year ends: 31-12
Peppol: Not found in the Peppol directory

Go to Company details

Articles of association

Provisions read: 48

Who signs: Two directors jointly
Annual meeting: Third Wednesday of June at 15:00
Purpose: “De verwerving, het beheer en de vervreemding van alle effecten, aandelen, obligaties of…” (deed in Dutch)

Go to Articles of association

Key facts about SB Holdings

What is the company number of SB Holdings?: 0420.268.435. In Belgium the VAT number is the company number with BE in front: BE 0420.268.435.
Where is SB Holdings based?: The registered office is at Ildefonse Vandammestraat 5-7, 1560 Hoeilaart.Company details
What is the legal form of SB Holdings?: Public limited company (NV).
When was SB Holdings founded?: On 29-01-1980.
Is SB Holdings still active?: Yes, SB Holdings is an active enterprise in the KBO register.
What is the turnover of SB Holdings?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is SB Holdings profitable?: In financial year 2025, SB Holdings made a profit of €2.0m.
Where can I find the annual accounts of SB Holdings?: SB Holdings filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SB Holdings due?: By 31-07-2027, for financial year 2026.Timeline