SBA CONCEPT
ActiveSummary
SBA CONCEPT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221,846 and a net result of -€3,264. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-37
Solvency100▲+16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 11.78 against 2.22 in 2024; short-term debt: 7.5% and cash: 28.3% of total assets), and 7.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
28 d late
2022
3 d early
2021
2 d early
2020
2 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€221,846▼ 1.4%
2024 · €225,110
Total assets
€240,569▼ 36.8%
2024 · €380,352
Net result
-€3,264
2024 · €31,826
Working capital
€194,293▲ 3.1%
2024 · €188,490
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
Line20212022202320242025
Operating result€12,854▼ 16.7%€285,689▲ 2,123%€38,508▼ 86.5%€42,344▲ 10.0%€1,153▼ 97.3%
Net result€547▼ 72.3%€180,035▲ 32,784%€13,927▼ 92.3%€31,826▲ 129%-€3,264
Equity€61,074▲ 0.9%€179,356▲ 194%€193,284▲ 7.8%€225,110▲ 16.5%€221,846▼ 1.4%
Total assets€268,870▼ 5.0%€816,538▲ 204%€392,708▼ 51.9%€380,352▼ 3.1%€240,569▼ 36.8%
Debt€207,796▼ 6.7%€637,182▲ 207%€199,424▼ 68.7%€155,242▼ 22.2%€18,723▼ 87.9%
Working capital-€11,428€130,940€157,271▲ 20.1%€188,490▲ 19.8%€194,293▲ 3.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240,569
Fixed assets
€28,249 ▼ 24.1%
Current assets
€212,320 ▼ 38.1%
Equity and liabilities €240,569
Equity
€221,846 ▼ 1.4%
Debt
€18,723 ▼ 87.9%
Debt's share of the balance-sheet total falls from 40.8% to 7.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,349▼
2024 · €51,097
Cash flow
€7,932▼
2024 · €40,579
Current ratio
11.78▲
2024 · 2.22
Quick ratio
11.22▲
2024 · 2.15
Debt to equity
0.08▼
2024 · 0.69
ROE
-1.5%▼
2024 · 14.1%
ROA
-1.4%▼
2024 · 8.4%
Interest coverage
2.98▼
2024 · 18.53
Debt ≤ 1 year
€18,027▼
2024 · €154,646
Income taxes
€282▼
2024 · €16,976
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €33,600 | €429,909 | €30,616 | €3,300 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €51,663 | €12,883 | €8,754 | €11,196 | ▲ 27.9% |
| Other operating charges640/8 | €407 | €2,160 | €911 | €1,434 | €1,667 | ▲ 16.2% |
| Non-recurring operating charges66A | - | €19,733 | - | €2,932 | - | - |
| Gross operating margin9900 | €13,260 | €359,246 | €52,302 | €55,464 | €14,015 | ▼ 74.7% |
| Operating profit (loss)9901 | €12,854 | €285,689 | €38,508 | €42,344 | €1,153 | ▼ 97.3% |
| Financial income75/76B | - | €20 | €8 | €9,215 | €4 | ▼ 100.0% |
| Recurring financial income75 | - | €20 | €8 | €9,215 | €4 | ▼ 100.0% |
| Financial charges65/66B | €11,991 | €34,599 | €2,846 | €2,757 | €4,139 | ▲ 50.1% |
| Recurring financial charges65 | €11,991 | €34,599 | €2,846 | €2,757 | €4,139 | ▲ 50.1% |
| Profit (loss) for the period before taxes9903 | €862 | €251,110 | €35,670 | €48,802 | -€2,982 | ▼ 106% |
| Income taxes67/77 | €315 | €71,075 | €21,743 | €16,976 | €282 | ▼ 98.3% |
| Profit (loss) for the period9904 | €547 | €180,035 | €13,927 | €31,826 | -€3,264 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €547 | €180,035 | €13,927 | €31,826 | -€3,264 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268,870 | €816,538 | €392,708 | €380,352 | €240,569 | ▼ 36.8% |
| Fixed assets21/28 | €233,564 | €49,519 | €36,636 | €37,216 | €28,249 | ▼ 24.1% |
| Intangible fixed assets21 | - | €497 | €298 | €99 | €1,341 | ▲ 1,252% |
| Tangible fixed assets22/27 | €227,364 | €49,022 | €36,338 | €37,117 | €26,908 | ▼ 27.5% |
| Land and buildings22 | €227,364 | - | - | - | - | - |
| Plant, machinery and equipment23 | - | €28,845 | €22,304 | €17,835 | €12,838 | ▼ 28.0% |
| Furniture and vehicles24 | - | €20,176 | €14,034 | €19,281 | €14,070 | ▼ 27.0% |
| Financial fixed assets28 | €6,200 | - | - | - | - | - |
| Current assets29/58 | €35,306 | €767,019 | €356,072 | €343,136 | €212,320 | ▼ 38.1% |
| Stocks and contracts in progress3 | - | €212,061 | €9,705 | €10,685 | €10,115 | ▼ 5.3% |
| Stocks30/36 | - | €212,061 | €9,705 | €10,685 | €10,115 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €10,000 | €55,766 | €29,472 | €8,332 | €7,684 | ▼ 7.8% |
| Trade receivables40 | - | €8,425 | €24,305 | €5,004 | €7,458 | ▲ 49.0% |
| Other amounts receivable41 | €10,000 | €47,341 | €5,167 | €3,328 | €226 | ▼ 93.2% |
| Current investments50/53 | - | - | €300,001 | €534 | €120,538 | ▲ 22,474% |
| Cash at bank and in hand54/58 | €23,733 | €496,016 | €14,199 | €318,266 | €68,124 | ▼ 78.6% |
| Deferred charges and accrued income490/1 | €1,573 | €3,176 | €2,695 | €5,318 | €5,859 | ▲ 10.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268,870 | €816,538 | €392,708 | €380,352 | €240,569 | ▼ 36.8% |
| Equity10/15 | €61,074 | €179,356 | €193,284 | €225,110 | €221,846 | ▼ 1.4% |
| Contributions10/11 | €61,752 | - | - | - | - | - |
| Reserves13 | €2,195 | €182,195 | €193,195 | €225,015 | €222,820 | ▼ 1.0% |
| Non-distributable reserves130/1 | €2,195 | - | - | - | - | - |
| Reserves not available under the articles1311 | €2,195 | - | - | - | - | - |
| Distributable reserves133 | - | €182,195 | €193,195 | €225,015 | €222,820 | ▼ 1.0% |
| Profit (loss) carried forward14 | -€2,874 | -€2,839 | €88 | €94 | -€974 | ▼ 1,134% |
| Amounts payable17/49 | €207,796 | €637,182 | €199,424 | €155,242 | €18,723 | ▼ 87.9% |
| Amounts payable after more than one year17 | €161,063 | €442 | - | - | - | - |
| Financial debts170/4 | €161,063 | €442 | - | - | - | - |
| Amounts payable within one year42/48 | €46,733 | €636,079 | €198,801 | €154,646 | €18,027 | ▼ 88.3% |
| Current portion of amounts payable after more than one year42 | €21,551 | €56,660 | €442 | - | - | - |
| Financial debts43 | - | - | - | €833 | - | - |
| Credit institutions430/8 | - | - | - | €833 | - | - |
| Trade debts44 | €14,638 | €21,371 | €9,074 | €10,164 | €5,888 | ▼ 42.1% |
| Suppliers440/4 | €14,638 | €21,371 | €9,074 | €10,164 | €5,888 | ▼ 42.1% |
| Taxes, remuneration and social security45 | €317 | €30,950 | €14,010 | €9,297 | €9,516 | ▲ 2.4% |
| Taxes450/3 | €317 | €18,950 | €14,010 | €9,297 | €9,516 | ▲ 2.4% |
| Remuneration and social security454/9 | - | €12,000 | - | - | - | - |
| Other amounts payable47/48 | €10,227 | €527,098 | €175,275 | €134,352 | €2,622 | ▼ 98.0% |
| Accrued charges and deferred income492/3 | - | €660 | €624 | €596 | €696 | ▲ 16.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €547 | €180,035 | €13,927 | €31,826 | -€3,264 | ▼ 110% |
| + Depreciation and write-downs630 | - | €51,663 | €12,883 | €8,754 | €11,196 | ▲ 27.9% |
| Operating cash flow (approximation) | €547 | €231,698 | €26,810 | €40,579 | €7,932 | ▼ 80.5% |
| Investment in fixed assets (approximation) | - | €132,382 | €0 | -€9,334 | -€2,229 | ▲ 76.1% |
| Change in cash | - | €472,284 | -€481,817 | €304,067 | -€250,142 | ▼ 182% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
12-08
State Gazette act
Resignation: VARGIU Dominique (manager)Director discharge4 facts ▸
State Gazette act
Resignation: VARGIU Dominique (manager)
Director discharge4 facts ▸
- General meeting, 01-04-2026
- Director resignation, VARGIU Dominique (manager)
- Director discharge, VARGIU Dominique
- Director in office, BASSANI Sandro (director)
2025
31-12
Financial
Weakest financial yearnet -€3,264
Net result drops to -€3,264, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 11.78
Current ratio from 2.22 to 11.78; short-term debt falls from €154,646 to €18,027.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €200,000Eq €225,110 ▲16.5%
7 profitable years in a row build equity to €225,110.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €180,035 ▲32,784%
Operating result €285,689, net result €180,035, both a record.
31-12
Financial
Equity above €150,000Eq €179,356 ▲194%
5 profitable years in a row build equity to €179,356.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2008
Ground area
1,301 m²
Building footprint
87 m²
Volume, LiDAR
685 m³
Parcel 92024D0394/00M002, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IMMO BASSANI
since 20082.174.576.385
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92024D0394/00M002 | Wallonia | 1,301 m² | 1 · 87 m² | 10.1 m · 3 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VARGIU Dominique |
|
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Of 2,215 companies in sector 47711 we hold annual accounts for 888. 638 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
Founded14-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47712Retail trade
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807076721
Registered
09-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.