SB42
The computed 12-month bankruptcy probability of SB42 is 8.9% (elevated). The 2024 annual accounts show negative equity (€-11k) and a net result of €-9k. Equity is shrinking by ~72.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 6711 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-11k |
| Net result | €-9k |
| Better than sector | 10% |
| Active | 6 yrs |
Mixed profile: strong on profitability, weaker on health.
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 | -25.5% | 37.3% | |
| Net result | €-9k | €6k | |
| Equity | €-11k | €34k | |
| Gross operating margin | €14k | €39k | |
| Total assets | €45k | €108k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | €50k | - | - |
| EBITDA | €13k | €7k | €12k | - | €-1k |
| Net profit | €-9k | €-2k | €4k | €-11k | €-2k |
| Cash flow | €-605 | €6k | €10k | - | €-1k |
| Staff costs | - | - | - | - | - |
| Income taxes | €13k | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €45k | €51k | €65k | €39k | €9k |
| Equity | €-11k | €-2k | €-324 | €-4k | €6k |
| Debt | €56k | €54k | €65k | €43k | €3k |
| of which ≤ 1y | €42k | €34k | €39k | €43k | €3k |
| of which > 1y | €14k | €20k | €26k | - | - |
| Working capital | €-30k | €-23k | €-23k | €-8k | €2k |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.30 | 0.32 | 0.41 | 0.81 | 1.83 |
| Quick ratio | 0.30 | 0.32 | 0.39 | 0.79 | 1.60 |
| Working capital ratio | -65.9% | -44.7% | -36.0% | -21.1% | 26.3% |
| Solvency | -25.5% | -4.7% | -0.5% | -11.1% | 68.1% |
| Debt / equity | -4.92 | -22.25 | -200.50 | -10.02 | - |
| Long-term debt ratio | -1.21 | -8.19 | -79.39 | - | - |
| Interest coverage | 24.71 | 29.20 | 5.82 | - | - |
| Gross margin | - | - | 25.9% | - | - |
| Net margin | - | - | 8.0% | - | - |
| ROA | -20.1% | -4.1% | 6.2% | -27.5% | -17.7% |
| ROE | 78.9% | 86.6% | -1227.2% | 247.7% | -25.9% |
| EBITDA margin | - | - | 24.6% | - | - |
| Days sales outstanding | - | - | 89d | - | - |
| Days payable outstanding | - | - | 21d | 861d | - |
| Inventory turnover | - | - | 55.14 | 24.54 | - |
| Days inventory (DSI) | - | - | 7d | 15d | - |
Full annual accounts (26 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €45k | €51k | €65k | €39k | €9k |
| Fixed assets | 21/28 | €31k | €39k | €48k | €3k | €3k |
| Formation expenses | 20 | €799 | €799 | €799 | €799 | €799 |
| Tangible fixed assets | 22/27 | €19k | €27k | €36k | - | - |
| Financial fixed assets | 28 | €12k | €12k | €12k | €3k | €3k |
| Current assets | 29/58 | €13k | €11k | €16k | €35k | €5k |
| Stocks & contracts in progress | 3 | - | - | €673 | €673 | €673 |
| Amounts receivable within one year | 40/41 | €13k | €8k | €14k | €31k | €3k |
| Cash & bank | 54/58 | €332 | €3k | €1k | €2k | €950 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €45k | €51k | €65k | €39k | €9k |
| Equity | 10/15 | €-11k | €-2k | €-324 | €-4k | €6k |
| Contributions / capital | 10/11 | €8k | €8k | €8k | €8k | - |
| Accumulated profits (losses) | 14 | €-19k | €-10k | €-8k | €-12k | €-2k |
| Amounts payable | 17/49 | €56k | €54k | €65k | €43k | €3k |
| Amounts payable after one year | 17 | €14k | €20k | €26k | - | - |
| Amounts payable within one year | 42/48 | €42k | €34k | €39k | €43k | €3k |
| Trade debts payable within one year | 44 | €6k | €2k | €2k | €39k | €2k |
| Income statement | ||||||
| Turnover | 70 | - | - | €50k | - | - |
| Gross operating margin | 9900 | €14k | €7k | €13k | €-11k | €264 |
| Operating result | 9901 | €5k | €-2k | €6k | €-11k | €-2k |
| Financial income | 75 | - | - | - | - | €0 |
| Financial charges | 65 | €523 | €224 | €2k | €151 | €22 |
| Result before taxes | 9903 | €4k | €-2k | €4k | €-11k | €-2k |
| Income taxes | 67/77 | €13k | - | - | - | - |
| Net result for the period | 9904 | €-9k | €-2k | €4k | €-11k | €-2k |
| Result to be appropriated | 9905 | €-9k | €-2k | €4k | €-11k | €-2k |
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 22-11-2019 |
| Status | Active |
| Postal code | 1090 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0281/00B002 | Brussels | 202 m² | 1 · 173 m² | 16.3 m · 4 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.
20-12-2021 All shares are now held by a single shareholder
Technical details
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"act_meta": {
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"pub_date": "2021-12-20",
"filing_date": "2021-12-13",
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"subject_company": {
"kbo": "0737.983.225",
"name_full": "SB42",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
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}| Legal nameFR | SB42 |