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SB23

Active
Private limited companyfounded 20223 yrs activeNieuwstraat(ORS) 23, 3350 Linter, BelgiumKBO/BCE: BE 0794.743.170
Summary

SB23 has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62,164 and a net result of €17,449. Equity is growing by ~52.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability97▼-3
Solvency100▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.3 against 2.76 in 2023; short-term debt: 20.8% and cash: 48.2% of total assets), and 20.8% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
28 d early
2023
33 d early
2022
27 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed 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 13 December 2022, SB23 was incorporated as a Private limited company.1 Total assets went from EUR 28,621 in 2022 to EUR 78,531 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€62,164▲ 39.0%
2023 · €44,715
Total assets
€78,531▲ 18.6%
2023 · €66,200
Net result
€17,449▼ 41.5%
2023 · €29,824
Working capital
€37,554▼ 0.8%
2023 · €37,875
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
Line202220232024
Operating result€12,734-€38,702▲ 204%€23,501▼ 39.3%
Net result€9,891-€29,824▲ 202%€17,449▼ 41.5%
Equity€14,891-€44,715▲ 200%€62,164▲ 39.0%
Total assets€28,621-€66,200▲ 131%€78,531▲ 18.6%
Debt€13,730-€21,485▲ 56.5%€16,367▼ 23.8%
Working capital€14,891-€37,875▲ 154%€37,554▼ 0.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2022: €12,734€12,734Net result 2022: €9,891€9,891Operating result 2023: €38,702€38,702Net result 2023: €29,824€29,824Operating result 2024: €23,501€23,501Net result 2024: €17,449€17,449202220232024€0€10,000€20,000€30,000€40,000Operating result 2022: €12,734€12,700Net result 2022: €9,891€9,890Operating result 2023: €38,702€38,700Net result 2023: €29,824€29,800Operating result 2024: €23,501€23,500Net result 2024: €17,449€17,400202220232024
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78,531
Fixed assets €24,663 ▲ 261%
Current assets €53,869 ▼ 9.3%
Equity and liabilities €78,531
Equity €62,164 ▲ 39.0%
Debt €16,367 ▼ 23.8%
Debt's share of the balance-sheet total falls from 32.5% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€26,699▼
2023 · €39,971
Cash flow
€20,647▼
2023 · €31,093
Current ratio
3.30▲
2023 · 2.76
Debt to equity
0.26▼
2023 · 0.48
ROE
28.1%▼
2023 · 66.7%
ROA
22.2%▼
2023 · 45.1%
Interest coverage
195.18▼
2023 · 534.08
Debt ≤ 1 year
€16,315▼
2023 · €21,485
Income taxes
€5,969▼
2023 · €8,848
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% 1.6%
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 74% 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 39,275 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 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€66,200€78,531▲
Fixed assets21/28€6,840€24,663▲
Tangible fixed assets22/27€6,840€24,663▲
Plant, machinery and equipment23€1,896€1,441▼
Furniture and vehicles24€4,069€10,147▲
Other tangible fixed assets26€875€13,075▲
Current assets29/58€59,360€53,869▼
Amounts receivable within one year40/41€6,382€12,260▲
Trade receivables40€6,353€10,453▲
Other amounts receivable41€29€1,807▲
Cash at bank and in hand54/58€43,816€37,827▼
Deferred charges and accrued income490/1€9,162€3,782▼
Equity and liabilities
Total equity and liabilities10/49€66,200€78,531▲
Equity10/15€44,715€62,164▲
Contributions10/11€5,000€5,000=
Reserves13€39,715€57,164▲
Distributable reserves133€39,715€57,164▲
Amounts payable17/49€21,485€16,367▼
Amounts payable within one year42/48€21,485€16,315▼
Trade debts44€11,335€9,537▼
Suppliers440/4€11,335€9,537▼
Taxes, remuneration and social security45€6,992€4,345▼
Taxes450/3€5,792€4,345▼
Remuneration and social security454/9€1,200-
Other amounts payable47/48€3,158€2,433▼
Accrued charges and deferred income492/3-€52
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,269€3,198▲
Other operating charges640/8€434-
Gross operating margin9900€40,405€26,699▼
Operating profit (loss)9901€38,702€23,501▼
Financial income75/76B€254€370▲
Recurring financial income75€254€370▲
Financial charges65/66B€285€453▲
Recurring financial charges65€75€137▲
Non-recurring financial charges66B€210€316▲
Profit (loss) for the period before taxes9903€38,672€23,418▼
Income taxes67/77€8,848€5,969▼
Profit (loss) for the period9904€29,824€17,449▼
Profit (loss) for the period to be appropriated9905€29,824€17,449▼
Appropriation of the result
Profit (loss) to be appropriated9906€29,824€17,449▼
Transfer to equity691/2€29,824€17,449▼
To other reserves6921€29,824€17,449▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,269€3,198▲ 152%
Other operating charges640/8€348€434--
Gross operating margin9900€13,081€40,405€26,699▼ 33.9%
Operating profit (loss)9901€12,734€38,702€23,501▼ 39.3%
Financial income75/76B-€254€370▲ 45.5%
Recurring financial income75-€254€370▲ 45.5%
Financial charges65/66B€1€285€453▲ 59.1%
Recurring financial charges65€1€75€137▲ 82.8%
Non-recurring financial charges66B-€210€316▲ 50.6%
Profit (loss) for the period before taxes9903€12,733€38,672€23,418▼ 39.4%
Income taxes67/77€2,842€8,848€5,969▼ 32.5%
Profit (loss) for the period9904€9,891€29,824€17,449▼ 41.5%
Profit (loss) for the period to be appropriated9905€9,891€29,824€17,449▼ 41.5%
Line202220232024Change
Assets
Total assets20/58€28,621€66,200€78,531▲ 18.6%
Fixed assets21/28-€6,840€24,663▲ 261%
Tangible fixed assets22/27-€6,840€24,663▲ 261%
Plant, machinery and equipment23-€1,896€1,441▼ 24.0%
Furniture and vehicles24-€4,069€10,147▲ 149%
Other tangible fixed assets26-€875€13,075▲ 1,395%
Current assets29/58€28,621€59,360€53,869▼ 9.3%
Amounts receivable within one year40/41€28,621€6,382€12,260▲ 92.1%
Trade receivables40€995€6,353€10,453▲ 64.5%
Other amounts receivable41€27,626€29€1,807▲ 6,211%
Cash at bank and in hand54/58-€43,816€37,827▼ 13.7%
Deferred charges and accrued income490/1-€9,162€3,782▼ 58.7%
Equity and liabilities
Total equity and liabilities10/49€28,621€66,200€78,531▲ 18.6%
Equity10/15€14,891€44,715€62,164▲ 39.0%
Contributions10/11€5,000€5,000€5,000=
Reserves13€9,891€39,715€57,164▲ 43.9%
Distributable reserves133€9,891€39,715€57,164▲ 43.9%
Amounts payable17/49€13,730€21,485€16,367▼ 23.8%
Amounts payable within one year42/48€13,730€21,485€16,315▼ 24.1%
Trade debts44€4,112€11,335€9,537▼ 15.9%
Suppliers440/4€4,112€11,335€9,537▼ 15.9%
Taxes, remuneration and social security45€9,618€6,992€4,345▼ 37.9%
Taxes450/3€9,618€5,792€4,345▼ 25.0%
Remuneration and social security454/9-€1,200--
Other amounts payable47/48-€3,158€2,433▼ 23.0%
Accrued charges and deferred income492/3--€52-
Line202220232024Change
Profit (loss) for the period9904€9,891€29,824€17,449▼ 41.5%
+ Depreciation and write-downs630-€1,269€3,198▲ 152%
Operating cash flow (approximation)€9,891€31,093€20,647▼ 33.6%
Investment in fixed assets (approximation)---€21,021-
Change in cash---€5,989-

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

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Timeline · acts, filings and financial milestones

2025
03-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2022net €29,824 ▲202%
Operating result €38,702, net result €29,824, both a record.
04-07
NBB filing Annual accounts filed
fiscal year 2022 · 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.

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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, Linter · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
2,999 m²
Building footprint
211 m²
Volume, LiDAR
1,449 m³
Parcel 24084B0416/00K000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SB23
Nieuwstraat(ORS) 23, 3350 LinterManufacture of furniture
since 20222.338.780.163
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24084B0416/00K000 Flanders 2,999 m² 1 · 211 m² 11.0 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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 1,004 EUR awarded · 1,004 EUR paid
Year Entries awardedpaid
2025 1 452 EUR452 EUR
2024 1 312 EUR312 EUR
2023 1 240 EUR240 EUR
Schemes
3 entries · 1,004 EUR · 1,004 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,032 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
Founded13-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
31001Manufacture of furniture
43222Installation of electric heating, air conditioning, cooling and ventilation
68110Buying and selling of own real estate
74999Other professional, scientific and technical activities
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794743170
Registered 22-08-2025

Register as of 27 September 2026 · Peppol Directory

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