SB IMMO+
SB IMMO+ has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €46k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 31% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €83k |
| Net result | €46k |
| Staff (FTE) | 0.2 |
| Better than sector | 31% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.6% | 43.8% | |
| Net result | €46k | €8k | |
| Equity | €83k | €49k | |
| Gross operating margin | €141k | €32k | |
| Staff costs | €49k | €34k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €86k | €35k | €34k | €43k | €37k |
| Net profit | €46k | €10k | €9k | €17k | €11k |
| Cash flow | €68k | €29k | €27k | €35k | €30k |
| Staff costs | €49k | €37k | €42k | €43k | - |
| Income taxes | €14k | €5k | €4k | €6k | €4k |
| Dividends | €96k | - | - | - | - |
| Total assets | €324k | €271k | €288k | €306k | €327k |
| Equity | €83k | €133k | €123k | €114k | €97k |
| Debt | €241k | €138k | €164k | €192k | €230k |
| of which ≤ 1y | €158k | €133k | €147k | €142k | €152k |
| of which > 1y | €83k | - | €14k | €46k | €78k |
| Working capital | €-103k | €-117k | €-133k | €-124k | €-130k |
| Employees (FTE) | 0.2 | 1.0 | 1.0 | 1.0 | 1.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.34 | 0.12 | 0.09 | 0.13 | 0.14 |
| Quick ratio | 0.34 | 0.12 | 0.09 | 0.13 | 0.14 |
| Working capital ratio | -31.9% | -43.1% | -46.3% | -40.4% | -39.7% |
| Solvency | 25.6% | 49.2% | 42.9% | 37.4% | 29.7% |
| Debt / equity | 2.90 | 1.03 | 1.33 | 1.68 | 0.80 |
| Long-term debt ratio | 0.99 | - | 0.11 | 0.40 | 0.80 |
| Interest coverage | 22.51 | 20.58 | 16.08 | 15.44 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 14.0% | 3.6% | 3.2% | 5.6% | 3.5% |
| ROE | 54.7% | 7.4% | 7.4% | 14.9% | 11.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €324k | €271k | €288k | €306k | €327k |
| Fixed assets | 21/28 | €270k | €255k | €274k | €288k | €306k |
| Formation expenses | 20 | €0 | €0 | €0 | - | - |
| Tangible fixed assets | 22/27 | €270k | €255k | €274k | €288k | €305k |
| Financial fixed assets | 28 | - | - | - | €400 | €400 |
| Current assets | 29/58 | €54k | €16k | €14k | €18k | €22k |
| Amounts receivable within one year | 40/41 | €25k | €8k | €10k | €13k | €11k |
| Cash & bank | 54/58 | €29k | €8k | €4k | €4k | €10k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €324k | €271k | €288k | €306k | €327k |
| Equity | 10/15 | €83k | €133k | €123k | €114k | €97k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €65k | €115k | €105k | €96k | €79k |
| Amounts payable | 17/49 | €241k | €138k | €164k | €192k | €230k |
| Amounts payable after one year | 17 | €83k | - | €14k | €46k | €78k |
| Amounts payable within one year | 42/48 | €158k | €133k | €147k | €142k | €152k |
| Trade debts payable within one year | 44 | €3k | €7k | €9k | €4k | €8k |
| Income statement | ||||||
| Gross operating margin | 9900 | €141k | €76k | €79k | €91k | €82k |
| Operating result | 9901 | €63k | €16k | €15k | €25k | €19k |
| Financial charges | 65 | €4k | €2k | €2k | €3k | €4k |
| Result before taxes | 9903 | €59k | €15k | €13k | €23k | €15k |
| Income taxes | 67/77 | €14k | €5k | €4k | €6k | €4k |
| Net result for the period | 9904 | €46k | €10k | €9k | €17k | €11k |
| Result to be appropriated | 9905 | €46k | €10k | €9k | €17k | €11k |
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 20-11-2014 |
| Status | Active |
| Postal code | 3960 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72034A0712/00H000 | Flanders | 1,507 m² | 1 · 82 m² | 3.2 m · 1 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-03-2026 Registered office moved within Bree
- Poststraat 11, 3960 Bree → Bosstraat 41, 3960 Bree
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Bosstraat 41, 3960 Bree",
"city": "Bree",
"region": "vlaams_gewest",
"street": "Bosstraat",
"country": "BE",
"postcode": "3960",
"box_number": null,
"street_number": "41",
"locality_suffix": null
},
"old_address": {
"raw": "Poststraat 11, 3960 Bree",
"city": "Bree",
"region": "vlaams_gewest",
"street": "Poststraat",
"country": "BE",
"postcode": "3960",
"box_number": null,
"street_number": "11",
"locality_suffix": null
},
"effective_date": "2026-02-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-03-12",
"filing_date": "2026-03-05",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "bevoegde_bestuursorgaan",
"date": "2026-03-05",
"unanimous": null
},
"subject_company": {
"kbo": "0505.839.360",
"name_full": "SB IMMO\u002B",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": "DESW Consulting CommV",
"person_name": "Dorien Eerdekens",
"org_rep_person_name": null,
"person_role_at_subject": "vaste vertegenwoordiger van bestuurder DESW Consulting CommV"
},
"co_filed_documents": [
"de notulen van de bestuursvergadering dd. 05/01/2026"
]
}21-12-2021 Change in the board of directors
Technical details
{
"events": [],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0505.839.360",
"name_full": "SB IMMO \u002B",
"legal_form": "BVBA"
}
}10-12-2014 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "3960 Bree, Poststraat 11",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1964-04-26",
"name": "STEENSELS Frans",
"niss": null,
"address": "3960 Bree, Poststraat 11"
},
"share_class": "gelijke aandelen zonder nominale waarde",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 9300,
"holder_person_name": "STEENSELS Frans",
"is_subscriber_only": false,
"n_shares_subscribed": 93,
"amount_subscribed_eur": 9300,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1968-12-18",
"name": "BOONEN Carina",
"niss": null,
"address": "3960 Bree, Poststraat 11"
},
"share_class": "gelijke aandelen zonder nominale waarde",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 9300,
"holder_person_name": "BOONEN Carina",
"is_subscriber_only": false,
"n_shares_subscribed": 93,
"amount_subscribed_eur": 9300,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600,
"subject_company": {
"kbo": "0505.839.360",
"name_full": "SB IMMO\u002B",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2014-11-20",
"post_incorporation_mandates": []
}| Legal nameNL | SB IMMO+ |