SB-X
ActiveSummary
The computed 12-month bankruptcy probability of SB-X is 2.3% (moderate). The 2025 annual accounts show equity of €34k and a net result of €-7k. Equity is growing by ~83.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 7500 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4▲+1
Solvency85▼-15
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 4.13 in 2024; short-term debt: 40% and cash: 18.3% of total assets), and 40% of the assets are financed with debt.
Credit check for your own amount and term
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
60%
Return on assets
-11.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
8 d late
2023
30 d late
2022
9 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▼ 16.3%
2024 · €40k
2021: €2klowest in 5 years
2022: €14k▲ +493% vs 2021
2023: €47k▲ +245% vs 2022highest in 5 years
2024: €40k▼ -14.1% vs 2023
2025: €34k▼ -16.3% vs 2024
2021 → 2025
Total assets
€56k▲ 7.7%
2024 · €52k
2021: €12klowest in 5 years
2022: €24k▲ +101% vs 2021
2023: €59k▲ +142% vs 2022highest in 5 years
2024: €52k▼ -11.2% vs 2023
2025: €56k▲ +7.7% vs 2024
2021 → 2025
Net result
€-7k▲ 0.7%
2024 · €-7k
2021: €-3k
2022: €11k▲ +519% vs 2021
2023: €33k▲ +195% vs 2022highest in 5 years
2024: €-7k▼ -120% vs 2023lowest in 5 years
2025: €-7k▲ +0.7% vs 2024
2021 → 2025
Working capital
€31k▼ 16.5%
2024 · €37k
2021: €-5klowest in 5 years
2022: €9k▲ +270% vs 2021
2023: €41k▲ +360% vs 2022highest in 5 years
2024: €37k▼ -9.2% vs 2023
2025: €31k▼ -16.5% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€14k▲ 493%€47k▲ 245%€40k▼ 14.1%€34k▼ 16.3%
2021: €2klowest in 5 years
2022: €14k▲ +493% vs 2021
2023: €47k▲ +245% vs 2022highest in 5 years
2024: €40k▼ -14.1% vs 2023
2025: €34k▼ -16.3% vs 2024
Operating result€-3k-€14k€44k▲ 228%€-6k€-7k▼ 13.0%
2021: €-3k
2022: €14k▲ +627% vs 2021
2023: €44k▲ +228% vs 2022highest in 5 years
2024: €-6k▼ -114% vs 2023
2025: €-7k▼ -13.0% vs 2024lowest in 5 years
Net result€-3k-€11k€33k▲ 195%€-7k€-7k▲ 0.7%
2021: €-3k
2022: €11k▲ +519% vs 2021
2023: €33k▲ +195% vs 2022highest in 5 years
2024: €-7k▼ -120% vs 2023lowest in 5 years
2025: €-7k▲ +0.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€3k ▼ 13.9%
Current assets
€54k ▲ 9.0%
Equity and liabilities €56k
Equity
€34k ▼ 16.3%
Debt
€23k ▲ 88.9%
Debt's share of the balance-sheet total rises from 22.8% to 40.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €-4k
Cash flow
€-5k▼
2024 · €-4k
Current ratio
2.39▼
2024 · 4.13
Debt to equity
0.67▲
2024 · 0.30
ROE
-19.5%▼
2024 · -16.4%
ROA
-11.7%▲
2024 · -12.7%
Interest coverage
-25.45▼
2024 · -14.32
Debt ≤ 1 year
€23k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€52k€56k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€3k€3k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€992€1k▲
Current assets29/58€49k€54k▲
Amounts receivable within one year40/41€41k€43k▲
Trade receivables40€26k€27k▲
Other amounts receivable41€16k€16k▲
Cash at bank and in hand54/58€7k€10k▲
Deferred charges and accrued income490/1€378€0▼
Equity and liabilities
Total equity and liabilities10/49€52k€56k▲
Equity10/15€40k€34k▼
Contributions10/11€5k€5k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14-€-7k
Amounts payable17/49€12k€23k▲
Amounts payable within one year42/48€12k€23k▲
Trade debts44€1k€20k▲
Suppliers440/4€1k€20k▲
Taxes, remuneration and social security45€11k€2k▼
Taxes450/3€11k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€513€2k▲
Gross operating margin9900€-3k€-3k▼
Operating profit (loss)9901€-6k€-7k▼
Financial income75/76B-€844
Recurring financial income75-€844
Financial charges65/66B€246€221▼
Recurring financial charges65€246€221▼
Profit (loss) for the period before taxes9903€-7k€-7k▲
Profit (loss) for the period9904€-7k€-7k▲
Profit (loss) for the period to be appropriated9905€-7k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-7k▲
Transfer from equity791/2€7k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €4k | €3k | €2k | ▼ 44.3% |
| Other operating charges640/8 | €757 | €467 | €510 | €513 | €2k | ▲ 337% |
| Gross operating margin9900 | €2k | €17k | €48k | €-3k | €-3k | ▼ 11.9% |
| Operating profit (loss)9901 | €-3k | €14k | €44k | €-6k | €-7k | ▼ 13.0% |
| Financial income75/76B | - | €0 | €31 | - | €844 | - |
| Recurring financial income75 | - | €0 | €31 | - | €844 | - |
| Financial charges65/66B | €140 | €148 | €187 | €246 | €221 | ▼ 10.4% |
| Recurring financial charges65 | €140 | €148 | €187 | €246 | €221 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €-3k | €13k | €44k | €-7k | €-7k | ▲ 0.7% |
| Income taxes67/77 | - | €2k | €11k | - | - | - |
| Profit (loss) for the period9904 | €-3k | €11k | €33k | €-7k | €-7k | ▲ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €11k | €33k | €-7k | €-7k | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12k | €24k | €59k | €52k | €56k | ▲ 7.7% |
| Fixed assets21/28 | €8k | €5k | €6k | €3k | €3k | ▼ 13.9% |
| Tangible fixed assets22/27 | €8k | €5k | €6k | €3k | €3k | ▼ 13.9% |
| Plant, machinery and equipment23 | €4k | €2k | €3k | €2k | €1k | ▼ 33.3% |
| Furniture and vehicles24 | €4k | €3k | €3k | €992 | €1k | ▲ 25.9% |
| Current assets29/58 | €5k | €20k | €53k | €49k | €54k | ▲ 9.0% |
| Amounts receivable within one year40/41 | €2k | €7k | €30k | €41k | €43k | ▲ 4.6% |
| Trade receivables40 | - | €4k | €30k | €26k | €27k | ▲ 6.1% |
| Other amounts receivable41 | €2k | €4k | - | €16k | €16k | ▲ 2.1% |
| Cash at bank and in hand54/58 | €3k | €12k | €24k | €7k | €10k | ▲ 39.5% |
| Deferred charges and accrued income490/1 | - | - | - | €378 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12k | €24k | €59k | €52k | €56k | ▲ 7.7% |
| Equity10/15 | €2k | €14k | €47k | €40k | €34k | ▼ 16.3% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | €9k | €42k | €35k | €35k | = |
| Distributable reserves133 | - | €9k | €42k | €35k | €35k | = |
| Profit (loss) carried forward14 | €-3k | - | - | - | €-7k | - |
| Amounts payable17/49 | €10k | €11k | €12k | €12k | €23k | ▲ 88.9% |
| Amounts payable within one year42/48 | €10k | €11k | €12k | €12k | €23k | ▲ 88.9% |
| Trade debts44 | - | €2k | €75 | €1k | €20k | ▲ 1,713% |
| Suppliers440/4 | - | €2k | €75 | €1k | €20k | ▲ 1,713% |
| Taxes, remuneration and social security45 | - | €2k | €12k | €11k | €2k | ▼ 77.1% |
| Taxes450/3 | - | €2k | €12k | €11k | €2k | ▼ 77.1% |
| Other amounts payable47/48 | €10k | €7k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €11k | €33k | €-7k | €-7k | ▲ 0.7% |
| + Depreciation and write-downs630 | €3k | €3k | €4k | €3k | €2k | ▼ 44.3% |
| Operating cash flow (approximation) | €787 | €14k | €37k | €-4k | €-5k | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €0 | €-1k | - |
| Change in cash | - | €10k | €11k | €-16k | €3k | ▲ 118% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2021net €33k ▲195%
Operating result €44k, net result €33k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.45
Current ratio from 1.83 to 4.45.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.83
Current ratio from 0.47 to 1.83.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
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, Peer · 1 establishment unit since 2020
Ground area
1,057 m²
Building footprint
178 m²
Volume, LiDAR
917 m³
Parcel 72030B0914/00W003, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SB-X
since 20202.310.463.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030B0914/00W003 | Flanders | 1,057 m² | 1 · 178 m² | 8.2 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.
Similar companies · same sector, comparable size
Medici Construct
BE 1008.553.540
Etterbeek · Eq €33,808
HAUCO
BE 0662.622.143
Londerzeel · Eq €33,778
SIP & CO
BE 0763.509.962
Wemmel · Eq €33,775
Bouwonderneming Roox
BE 0862.241.908
Lede · Eq €33,829
Revoframe
BE 0553.852.974
Hamme (Vl.) · Eq €33,770
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,607 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.