Skip to content

SB PHYSIO

Active
Private limited companyfounded 20205 yrs activeRue des Déportés 59, 7061 Soignies, BelgiumKBO/BCE: BE 0755.610.402
Summary

The computed 12-month bankruptcy probability of SB PHYSIO is 3.6% (moderate). The 2024 annual accounts show equity of €125,701 and a net result of -€4,226. Equity is growing by ~16.4% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability67▼-33
Solvency58▼-42
Growth52=
Track record94
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.37 against 29.16 in 2023; short-term debt: 8.9% and cash: 19% of total assets), but 67.3% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
32.7%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
5 d late
2023
29 d late
2022
26 d early
2021
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 October 2020, SB PHYSIO was incorporated as a Private limited company.1 Total assets went from EUR 100,356 in 2021 to EUR 384,191 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Turnover
€198,523
EBIT margin
48.3%
Net result
-€4,226
2023 · €34,239
Working capital
€80,856▼ 37.0%
2023 · €128,431
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Turnover€198,523-
Operating result€95,952-€26,053▼ 72.8%€44,025▲ 69.0%€3,229▼ 92.7%
Net result€75,042-€19,646▼ 73.8%€34,239▲ 74.3%-€4,226
EBIT margin48.3%-
Equity€76,042-€95,688▲ 25.8%€129,927▲ 35.8%€125,701▼ 3.3%
Total assets€100,356-€121,873▲ 21.4%€134,488▲ 10.4%€384,191▲ 186%
Debt€24,314-€26,185▲ 7.7%€4,561▼ 82.6%€258,491▲ 5,568%
Working capital€75,567-€95,688▲ 26.6%€128,431▲ 34.2%€80,856▼ 37.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: €95,952€95,952Net result 2021: €75,042€75,042Operating result 2022: €26,053€26,053Net result 2022: €19,646€19,646Operating result 2023: €44,025€44,025Net result 2023: €34,239€34,239Operating result 2024: €3,229€3,229Net result 2024: -€4,226-€4,2262021202220232024-€20,000€0€20,000€40,000Operating result 2022: €26,053€26,100Net result 2022: €19,646€19,600Operating result 2023: €44,025€44,000Net result 2023: €34,239€34,200Operating result 2024: €3,229€3,230Net result 2024: -€4,226-€4,230202220232024
The operating result falls in 2024; 2024 is 93% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €384,191
Fixed assets €269,203 ▲ 17,893%
Current assets €114,989 ▼ 13.5%
Equity and liabilities €384,191
Equity €125,701 ▼ 3.3%
Debt €258,491 ▲ 5,568%
Debt's share of the balance-sheet total rises from 3.4% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€45,610▲
2023 · €44,487
Cash flow
€38,154▲
2023 · €34,701
Current ratio
3.37▼
2023 · 29.16
Debt to equity
2.06▲
2023 · 0.04
ROE
-3.4%▼
2023 · 26.4%
ROA
-1.1%▼
2023 · 25.5%
Interest coverage
6.00▼
2023 · 426.04
Debt ≤ 1 year
€34,133▲
2023 · €4,561
Debt > 1 year
€224,358
Income taxes
€197▼
2023 · €9,706
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.3% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,442 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€134,488€384,191▲
Fixed assets21/28€1,496€269,203▲
Tangible fixed assets22/27€1,496€269,203▲
Land and buildings22-€215,599
Plant, machinery and equipment23-€52,754
Furniture and vehicles24€1,496€850▼
Current assets29/58€132,991€114,989▼
Amounts receivable within one year40/41€25,757€23,959▼
Trade receivables40-€15,431
Other amounts receivable41€25,757€8,528▼
Cash at bank and in hand54/58€91,636€73,100▼
Deferred charges and accrued income490/1€15,598€17,929▲
Equity and liabilities
Total equity and liabilities10/49€134,488€384,191▲
Equity10/15€129,927€125,701▼
Contributions10/11€1,000€1,000=
Reserves13€34,239€124,701▲
Distributable reserves133€34,239€124,701▲
Profit (loss) carried forward14€94,688-
Amounts payable17/49€4,561€258,491▲
Amounts payable after more than one year17-€224,358
Financial debts170/4-€224,358
Amounts payable within one year42/48€4,561€34,133▲
Current portion of amounts payable after more than one year42-€11,358
Trade debts44€721€18,737▲
Suppliers440/4€721€18,737▲
Taxes, remuneration and social security45€3,840€4,037▲
Taxes450/3€3,840€4,037▲
Remuneration and social security454/9€0-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€462€42,381▲
Other operating charges640/8€2,365€1,716▼
Gross operating margin9900€46,852€47,326▲
Operating profit (loss)9901€44,025€3,229▼
Financial income75/76B€25€348▲
Recurring financial income75€25€348▲
Financial charges65/66B€104€7,607▲
Recurring financial charges65€104€7,607▲
Profit (loss) for the period before taxes9903€43,946-€4,029▼
Income taxes67/77€9,706€197▼
Profit (loss) for the period9904€34,239-€4,226▼
Profit (loss) for the period to be appropriated9905€34,239-€4,226▼
Appropriation of the result
Profit (loss) to be appropriated9906€128,927€90,461▼
Profit (loss) brought forward from the previous period14P€94,688€94,688=
Transfer to equity691/2€34,239€90,461▲
To other reserves6921€34,239€90,461▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Turnover70€198,523----
Goods, raw materials, services and sundry goods60/61€103,458----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79-€462€42,381▲ 9,071%
Other operating charges640/8€1,334€1,511€2,365€1,716▼ 27.4%
Gross operating margin9900€97,365€27,563€46,852€47,326▲ 1.0%
Operating profit (loss)9901€95,952€26,053€44,025€3,229▼ 92.7%
Financial income75/76B--€25€348▲ 1,269%
Recurring financial income75--€25€348▲ 1,269%
Financial charges65/66B€548€261€104€7,607▲ 7,185%
Recurring financial charges65€548€261€104€7,607▲ 7,185%
Profit (loss) for the period before taxes9903€95,404€25,792€43,946-€4,029▼ 109%
Income taxes67/77€20,362€6,146€9,706€197▼ 98.0%
Profit (loss) for the period9904€75,042€19,646€34,239-€4,226▼ 112%
Profit (loss) for the period to be appropriated9905€75,042€19,646€34,239-€4,226▼ 112%
Line2021202220232024Change
Assets
Total assets20/58€100,356€121,873€134,488€384,191▲ 186%
Fixed assets21/28€475-€1,496€269,203▲ 17,893%
Tangible fixed assets22/27€475-€1,496€269,203▲ 17,893%
Land and buildings22---€215,599-
Plant, machinery and equipment23€475--€52,754-
Furniture and vehicles24--€1,496€850▼ 43.2%
Current assets29/58€99,882€121,873€132,991€114,989▼ 13.5%
Amounts receivable within one year40/41€9,441€7,855€25,757€23,959▼ 7.0%
Trade receivables40---€15,431-
Other amounts receivable41€9,441€7,855€25,757€8,528▼ 66.9%
Cash at bank and in hand54/58€71,349€100,413€91,636€73,100▼ 20.2%
Deferred charges and accrued income490/1€19,091€13,606€15,598€17,929▲ 14.9%
Equity and liabilities
Total equity and liabilities10/49€100,356€121,873€134,488€384,191▲ 186%
Equity10/15€76,042€95,688€129,927€125,701▼ 3.3%
Contributions10/11€1,000€1,000€1,000€1,000=
Reserves13--€34,239€124,701▲ 264%
Distributable reserves133--€34,239€124,701▲ 264%
Profit (loss) carried forward14€75,042€94,688€94,688--
Amounts payable17/49€24,314€26,185€4,561€258,491▲ 5,568%
Amounts payable after more than one year17---€224,358-
Financial debts170/4---€224,358-
Amounts payable within one year42/48€24,314€26,185€4,561€34,133▲ 648%
Current portion of amounts payable after more than one year42---€11,358-
Trade debts44€3,952€2,323€721€18,737▲ 2,501%
Suppliers440/4€3,952€2,323€721€18,737▲ 2,501%
Taxes, remuneration and social security45€20,362€23,862€3,840€4,037▲ 5.1%
Taxes450/3€20,362€23,862€3,840€4,037▲ 5.1%
Remuneration and social security454/9--€0--
Line2021202220232024Change
Profit (loss) for the period9904€75,042€19,646€34,239-€4,226▼ 112%
+ Depreciation and write-downs630€79-€462€42,381▲ 9,071%
Operating cash flow (approximation)€75,121€19,646€34,701€38,154▲ 10.0%
Investment in fixed assets (approximation)----€310,087-
Change in cash-€29,063-€8,776-€18,536▼ 111%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
05-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial Weakest financial yearnet -€4,226
Net result drops to -€4,226, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial Liquidity times 6current ratio 29.16
Current ratio from 4.65 to 29.16; short-term debt falls from €26,185 to €4,561.
31-12
Financial Equity above €100,000Eq €129,927 ▲35.8%
3 profitable years in a row build equity to €129,927.
05-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
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 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Soignies · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
877 m²
Building footprint
137 m²
Volume, LiDAR
685 m³
Parcel 55006D0333/02V002, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SB PHYSIO
Rue des Déportés 59, 7061 SoigniesHuman health activities
since 20202.312.221.068
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55006D0333/02V002 Wallonia 877 m² 1 · 137 m² 6.5 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded02-10-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0755610402
Also 9925:BE0755610402
Registered 29-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.