Equity
-€23,580
Debts exceed assets in financial year 2025.
SB PROJECTS
Lifetime
7 annual accounts with figures on one time axispeak €563,402 (2022)
€95,481▼ 78.3%
lowest -€272,124 (2025)
-€272,124▼ €272,355
peak €194,952 (2024)
-€23,580▼ €218,533
€533,264▲ 37.5%
peak 5 FTE (2023)
3.3 FTE▼ 34.0%
Board1 name since 2018
1 director
Documentsfilings and deeds
29-09-202660 days late
2025abbreviated format
Gross margin from €440,992 to €95,481Loss of €272,124Staff from 5 FTE to 3.3 FTEEquity from €194,952 to -€23,580Debts from €387,832 to €533,264Cash from €114,303 to €21,809
Key points
from the 2025 annual accountsResult
-€272,124 -€272,124
From profit to loss in 2025, after a profit of €231 in 2024.
Debts
€533,264 105% of the balance sheet
Financial debts 45%Suppliers 45%Taxes and wages 2%Other 9%
Of this, €395,573 falls due within a year.
Staff
3.3 FTE from 6.3 in 2022
Between 2022 and 2025, 48% of the full-time equivalents disappeared.
Filings
7 annual accounts 3 late
The 2024 accounts came latest: 92 days after the end of the period.
Position in the sector
-€272,124
Lower net result than 94% of companies in wood and cork. Sector median €33,951 · 370 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,007 companies had the same profile as SB PROJECTS has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,007 companies, not a prediction for SB PROJECTS. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0697777022
Incorporation
Founding capital of €18,550, 100 shares, €12,400 paid up · Founder: (comparanten) · Appointment: (manager) · published on 13-06-2018 · Gazette deed
First establishment
Vilvoordsesteenweg 252, Grimbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SB PROJECTS Grimbergen | €509,684 | €95,481 | -4.6% | 3.3 |
| FRANK JANS Zutendaal | €815,404 | €215,669 | 92.4% | 2 |
| Het Kastenatelier Halen | €613,537 | €127,038 | 84.6% | 0.8 |
| Parket Line Roeselare | €291,658 | €62,325 | -35.7% | 1.8 |
| FOREST MAX Rochefort | €717,449 | €272,191 | 14.0% | 2 |
| PELLETFACTORY Puurs-Sint-Amands | €464,847 | €31,381 | 33.6% | 1.1 |
| SCIERIE QUEWET Gedinne | €517,001 | €126,701 | 17.7% | - |
These companies have the same main activity as SB PROJECTS: sawmilling and planing of wood (NACE 16110). They are comparable in size and age: total assets between €292,000 and €815,000, founded between 2011 and 2019.
Official details
Source: KBO- Status
- Active since 11-06-2018Normal situation
- Activity
- Sawmilling and planing of woodNACE 16110and 27 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2023
- Establishment unit
- 2.277.218.3221850 Grimbergen, since 11-06-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Annual accounts 2025
- ≈ €270,000estimated
- €509,684▼ 12.5%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 29-09-2026
Insights on SB PROJECTS
SB PROJECTS files the abbreviated format. That format states no turnover. The gross margin fell from €276,923 in 2019 to €95,481 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 PROJECTS
- What is the company number of SB PROJECTS?
- The company number of SB PROJECTS is 0697.777.022. The VAT number is the same number with BE in front: BE 0697.777.022.
- Where is SB PROJECTS based?
- The registered office is at Vilvoordsesteenweg 252, 1850 Grimbergen.Company details
- What does SB PROJECTS do?
- According to the KBO register, the main activity is sawmilling and planing of wood (NACE 16110).
- What is the legal form of SB PROJECTS?
- SB PROJECTS is a private limited company (pre-2019) (BVBA).
- When was SB PROJECTS founded?
- SB PROJECTS was founded on 11-06-2018.
- Is SB PROJECTS still active?
- Yes, SB PROJECTS is an active enterprise in the KBO register.
- How many employees does SB PROJECTS have?
- SB PROJECTS had an average of 3.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SB PROJECTS fall under?
- In its 2023 annual accounts, SB PROJECTS states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of SB PROJECTS?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €95,481 and 1,300 comparable companies of the same size. It probably lies between €160,000 and €510,000. It is a rough estimate.
- Is SB PROJECTS profitable?
- In financial year 2025, SB PROJECTS made a loss of €272,124.
- Where can I find the annual accounts of SB PROJECTS?
- SB PROJECTS filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SB PROJECTS due?
- SB PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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