SBAM
ActiveSBAM has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91k and a net result of €75k. Equity is growing by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +72 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+45
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 14.58 against 0.96 in 2024), and 6.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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
93.2%
Return on assets
76.9%
Age of the figures
8 mo
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
17 d early
2023
20 d late
2022
on the day
2021
30 d late
2020
1 d early
2019
14 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€75k
2024 · €-16k
2018: €-62k
2019: €15k
2020: €-58k
2021: €39k
2022: €24k
2023: €-20k
2024: €-16k
2018 → 2025
Working capital
€91k
2024 · €-1k
2018: €-75k
2019: €-89k
2020: €-148k
2021: €-109k
2022: €-82k
2023: €8k
2024: €-1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-108k-€-84k▲ 22.4%€32k€16k▼ 49.3%€91k▲ 471%
Operating result€45k-€29k▼ 36.0%€-17k€-13k▲ 20.8%€77k
Net result€39k-€24k▼ 37.6%€-20k€-16k▲ 20.9%€75k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €77k after a loss of €13k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€503▼ 97.1%
Current assets
€98k▲ 253%
Equity and liabilities €98k
Equity
€91k▲ 471%
Debt
€7k▼ 76.8%
The debt ratio falls from 64.3% to 6.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€77k▲
2024 · €-7k
Cash flow
€76k▲
2024 · €-9k
Solvency
93.2%▲
2024 · 35.7%
Current ratio
14.58▲
2024 · 0.96
Quick ratio
14.58▲
2024 · 0.87
Debt / equity
0.07▼
2024 · 1.80
ROE
82.5%▲
2024 · -97.1%
ROA
76.9%▲
2024 · -34.6%
Interest coverage
58.26▲
2024 · -3.13
Debt
€7k▼
2024 · €29k
Debt ≤ 1 year
€7k▼
2024 · €29k
Income taxes
€158▲
2024 · €118
Staff costs
€12k▼
2024 · €83k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€45k€98k▲
Fixed assets21/28€17k€503▼
Intangible fixed assets21€16k-
Tangible fixed assets22/27€427€140▼
Furniture and vehicles24€427€140▼
Financial fixed assets28€363€363=
Current assets29/58€28k€98k▲
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€1k€54k▲
Trade receivables40€497€3k▲
Other amounts receivable41€994€51k▲
Cash at bank and in hand54/58€22k€42k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€45k€98k▲
Equity10/15€16k€91k▲
Contributions10/11€155k€155k=
Reserves13-€50k
Non-distributable reserves130/1-€50k
Financial assistance1313-€50k
Profit (loss) carried forward14€-139k€-114k▲
Amounts payable17/49€29k€7k▼
Amounts payable within one year42/48€29k€7k▼
Trade debts44€19k€3k▼
Suppliers440/4€19k€3k▼
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€702€158▼
Remuneration and social security454/9€9k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€83k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€288▼
Other operating charges640/8€576€2k▲
Gross operating margin9900€77k€91k▲
Operating profit (loss)9901€-13k€77k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-15k€76k▲
Income taxes67/77€118€158▲
Profit (loss) for the period9904€-16k€75k▲
Profit (loss) for the period to be appropriated9905€-16k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-139k€-64k▲
Profit (loss) brought forward from the previous period14P€-123k€-139k▼
Transfer to equity691/2-€50k
To other reserves6921-€50k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
2025
31-12
Financial
Back to profitnet €75k
Net result €75k after 2 loss-making years.
31-12
Financial
Liquidity times 15current ratio 14.58
Current ratio from 0.96 to 14.58; short-term debt falls from €29k to €7k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
2023
31-12
Financial
Liquidity times 12current ratio 1.55
Current ratio from 0.13 to 1.55; short-term debt falls from €94k to €14k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 directors, no change since 2025
Basile Stein
CurrentDirector · since 25-07-2023
BENJAMIN Mardeen Romain
CurrentDirector · since 22-06-2023
Fabienne LAURENT
CurrentAdministrateur non statutaire · since 09-06-2021
Heshmat Dehkordi Jalladine
Not recently confirmedGérant · since 29-07-2016
06-08-2025
Basile Stein: Appointed as Director
06-08-2025
Mardeen Benjamin: Resigned as Director
25-07-2023
Basile Stein: Appointed as Director
25-07-2023
Basile Stein: Appointed as Managing director
22-06-2023
BENJAMIN Mardeen Romain: Appointed as Director
22-06-2023
LAURENT Fabienne Christiane: Resigned as Director
09-06-2021
Fabienne LAURENT: Appointed as Administrateur non statutaire
09-06-2021
Emilie PINET: Resigned as Administrateur non statutaire
02-02-2021
Emilie PINET: Resigned as Director
02-02-2021
Emilie PINET: Appointed as Director
18-12-2018
Emilie PINET: Appointed as Gérante
18-12-2018
Hubert Benjamin: Resigned as Gérant
07-02-2018
Hubert Benjamin: Appointed as Gérant
07-02-2018
Heshmat Dehkordí Jalalladine: Resigned as Gérant
29-07-2016
Heshmat Dehkordi Jalladine: Appointed as Gérant
29-07-2016
Emilie PINET: Resigned as Gérante
30-06-2015
Fabienne LAURENT: Resigned as Gérante
30-06-2015
Emilie PINET: Appointed as Gérante
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drève Richelle 161/O1410 WaterlooGround area
1.0 ha
Building footprint
1,905 m²
Volume, LiDAR
34,746 m³
2 parcels, Flanders, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SBAM
since 20152.242.911.303
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 23001B0071/00P000 | Flanders | 123 m² | 1 · 133 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
WEEXA BIOLOGICALS
BE 0791.956.795
Neupré · Eq €88k
Duurzaam Rotsvast Vertrouwen
BE 0466.568.515
Lubbeek · Eq €83k
Nutrifert
BE 0836.813.951
Hoogstraten · Eq €102k
DELIXA
BE 0478.679.855
Anzegem · Eq €105k
H. MAISTRIAU
BE 0428.571.932
Le Roeulx · Eq €57k
Of 76 companies in sector 20150 we hold annual accounts for 63. 21 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2015
Fiscal year end31-12
Activities, NACEBEL
20150Manufacture of chemicals and chemical products
46852Wholesale trade
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.