SBA EFFICIENCY
ActiveSummary
SBA EFFICIENCY has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198k and a net result of €85k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 2.49 in 2024; short-term debt: 21% and cash: 52.2% of total assets), and 21% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79%
Return on assets
33.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 9 filingsDeviation from the deadline
2025
11 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
25 d late
2020
31 d late
2019
15 d early
← 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
€198k▲ 75.3%
2024 · €113k
Total assets
€251k▲ 54.5%
2024 · €162k
Net result
€85k▲ 15.6%
2024 · €74k
Working capital
€170k▲ 132%
2024 · €73k
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€4k▼ 82.9%€27k▲ 530%€27k▼ 2.3%€104k▲ 290%€124k▲ 19.0%
Net result€1k▼ 94.9%€16k▲ 1,190%€16k▲ 4.1%€74k▲ 352%€85k▲ 15.6%
Equity€57k▲ 2.2%€45k▼ 21.5%€45k=€113k▲ 152%€198k▲ 75.3%
Total assets€166k▲ 24.0%€133k▼ 19.5%€122k▼ 8.8%€162k▲ 33.4%€251k▲ 54.5%
Debt€109k▲ 39.6%€89k▼ 18.5%€77k▼ 13.2%€49k▼ 35.9%€53k▲ 6.8%
Working capital€43k▼ 2.3%€23k▼ 46.7%€10k▼ 58.3%€73k▲ 658%€170k▲ 132%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €251k
Fixed assets
€28k ▼ 29.4%
Current assets
€223k ▲ 81.6%
Equity and liabilities €251k
Equity
€198k ▲ 75.3%
Debt
€53k ▲ 6.8%
Debt's share of the balance-sheet total falls from 30.4% to 21.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137k▲
2024 · €118k
Cash flow
€98k▲
2024 · €87k
Current ratio
4.23▲
2024 · 2.49
Quick ratio
3.90▲
2024 · 2.19
Debt to equity
0.27▼
2024 · 0.44
ROE
43.0%▼
2024 · 65.1%
ROA
33.9%▼
2024 · 45.4%
Interest coverage
97.88▲
2024 · 62.62
Debt ≤ 1 year
€53k▲
2024 · €49k
Income taxes
€37k▲
2024 · €29k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €12k | €14k | €13k | ▼ 7.2% |
| Other operating charges640/8 | €11k | €3k | €1k | €1k | €1k | ▼ 3.6% |
| Gross operating margin9900 | €26k | €41k | €40k | €119k | €138k | ▲ 15.8% |
| Operating profit (loss)9901 | €4k | €27k | €27k | €104k | €124k | ▲ 19.0% |
| Financial income75/76B | - | - | €119 | €0 | - | - |
| Recurring financial income75 | - | - | €119 | €0 | - | - |
| Financial charges65/66B | €1k | €1k | €2k | €2k | €1k | ▼ 25.8% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €1k | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €3k | €26k | €25k | €102k | €123k | ▲ 19.8% |
| Income taxes67/77 | €2k | €10k | €8k | €29k | €37k | ▲ 30.7% |
| Profit (loss) for the period9904 | €1k | €16k | €16k | €74k | €85k | ▲ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €1k | €16k | €16k | €74k | €85k | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166k | €133k | €122k | €162k | €251k | ▲ 54.5% |
| Fixed assets21/28 | €38k | €38k | €43k | €40k | €28k | ▼ 29.4% |
| Intangible fixed assets21 | €34k | €25k | €16k | €8k | €597 | ▼ 92.2% |
| Tangible fixed assets22/27 | €4k | €13k | €27k | €32k | €27k | ▼ 14.4% |
| Land and buildings22 | - | €10k | €15k | €14k | €12k | ▼ 12.8% |
| Plant, machinery and equipment23 | €3k | €2k | €2k | €1k | €990 | ▼ 25.0% |
| Furniture and vehicles24 | €712 | €420 | €10k | €9k | €7k | ▼ 18.4% |
| Other tangible fixed assets26 | - | - | - | €8k | €7k | ▼ 10.8% |
| Financial fixed assets28 | €25 | - | - | - | - | - |
| Current assets29/58 | €128k | €96k | €78k | €123k | €223k | ▲ 81.6% |
| Stocks and contracts in progress3 | €72k | €40k | €21k | €15k | €18k | ▲ 19.2% |
| Stocks30/36 | €72k | €40k | €21k | €15k | €18k | ▲ 19.2% |
| Amounts receivable within one year40/41 | €36k | €21k | €14k | €45k | €74k | ▲ 64.6% |
| Trade receivables40 | €26k | €21k | €14k | €19k | €19k | ▼ 3.7% |
| Other amounts receivable41 | €10k | - | - | €26k | €55k | ▲ 117% |
| Cash at bank and in hand54/58 | €19k | €32k | €42k | €63k | €131k | ▲ 109% |
| Deferred charges and accrued income490/1 | €1k | €2k | €1k | €378 | €385 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166k | €133k | €122k | €162k | €251k | ▲ 54.5% |
| Equity10/15 | €57k | €45k | €45k | €113k | €198k | ▲ 75.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Outside capital11 | - | €6k | €6k | €6k | - | - |
| Other1109/19 | - | €6k | €6k | €6k | - | - |
| Reserves13 | €20k | €7k | €7k | €13k | €54k | ▲ 301% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €18k | €5k | €5k | €12k | €52k | ▲ 350% |
| Profit (loss) carried forward14 | €31k | €31k | €31k | €94k | €138k | ▲ 48.0% |
| Amounts payable17/49 | €109k | €89k | €77k | €49k | €53k | ▲ 6.8% |
| Amounts payable after more than one year17 | €24k | €16k | €8k | - | - | - |
| Financial debts170/4 | €24k | €16k | €8k | - | - | - |
| Amounts payable within one year42/48 | €85k | €72k | €69k | €49k | €53k | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €8k | €8k | - | - |
| Trade debts44 | €27k | €1k | €5k | €5k | €5k | ▼ 12.7% |
| Suppliers440/4 | €27k | €1k | €5k | €5k | €5k | ▼ 12.7% |
| Taxes, remuneration and social security45 | €12k | €26k | €23k | €35k | €48k | ▲ 36.3% |
| Taxes450/3 | €10k | €24k | €23k | €35k | €46k | ▲ 31.8% |
| Remuneration and social security454/9 | €3k | €2k | - | - | €2k | - |
| Other amounts payable47/48 | €37k | €37k | €33k | €577 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €16k | €16k | €74k | €85k | ▲ 15.6% |
| + Depreciation and write-downs630 | €10k | €10k | €12k | €14k | €13k | ▼ 7.2% |
| Operating cash flow (approximation) | €11k | €26k | €28k | €87k | €98k | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | €-10k | €-18k | €-10k | €-1k | ▲ 89.8% |
| Change in cash | - | €13k | €10k | €21k | €68k | ▲ 230% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €85k ▲15.6%
Operating result €124k, net result €85k, both a record.
31-12
Financial
Equity above €150kEq €198k ▲75.3%
8 profitable years in a row build equity to €198k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.49
Current ratio from 1.14 to 2.49; short-term debt falls from €69k to €49k.
31-12
Financial
Equity above €100kEq €113k ▲152%
7 profitable years in a row build equity to €113k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €1k ▼94.9%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 acts for this company are 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, Grez-Doiceau · 1 establishment unit since 2017
Ground area
616 m²
Building footprint
118 m²
Volume, LiDAR
610 m³
Parcel 25037A0399/00K000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SBA Efficiency
since 20172.263.278.135
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037A0399/00K000 | Wallonia | 616 m² | 1 · 118 m² | 8.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrez-Doiceau2.263.278.135
Similar companies · same sector, comparable size
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VAN-DI
BE 0437.223.243
As · Eq €198,164
COCCINELLE
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ACCOUNTANTS TEAM
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,103 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
Founded03-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
31009Manufacture of furniture
46349Wholesale of beverages, general range
47120Other non-specialised retail sale
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
71121Engineering and related technical consultancy, excluding land surveyors
85599Other education
Contact
E-mail
barbieuxs@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.