SBD Analytics
ActiveSummary
SBD Analytics has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367,928 and a net result of €151,661. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 67% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+21
Solvency89=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.72 against 1.37 in 2024; short-term debt: 33.4% and cash: 79.8% of total assets), and 36.5% of the assets are financed with debt.
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Signals
Five 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% 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
63.5%
Return on assets
26.2%
Age of the figures
9 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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
8 d early
2023
37 d early
2022
53 d early
2021
22 d late
2020
128 d early
2019
7 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€391,543
EBIT margin
39.1%
Net result
€151,661▲ 208%
2024 · €49,292
Working capital
€332,949▲ 558%
2024 · €50,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€49,030▼ 68.0%€85,022▲ 73.4%€103,837▲ 22.1%€76,371▼ 26.5%€225,753▲ 196%
Net result€22,917within the sector's middle half▼ 76.7%€50,422above the sector's middle half▲ 120%€68,071above the sector's middle half▲ 35.0%€49,292above the sector's middle half▼ 27.6%€151,661above the sector's middle half▲ 208%
EBIT margin
Equity€473,482above the sector's middle half▼ 0.4%€451,904above the sector's middle half▼ 4.6%€437,975above the sector's middle half▼ 3.1%€386,267above the sector's middle half▼ 11.8%€367,928above the sector's middle half▼ 4.7%
Total assets€818,467above the sector's middle half▼ 13.3%€778,871above the sector's middle half▼ 4.8%€628,839above the sector's middle half▼ 19.3%€603,434above the sector's middle half▼ 4.0%€579,059above the sector's middle half▼ 4.0%
Debt€344,986▼ 26.4%€326,967▼ 5.2%€190,864▼ 41.6%€217,168▲ 13.8%€211,131▼ 2.8%
Working capital€172,693above the sector's middle half▼ 9.2%€153,162above the sector's middle half▼ 11.3%€76,197above the sector's middle half▼ 50.3%€50,563within the sector's middle half▼ 33.6%€332,949above the sector's middle half▲ 558%
Solvency57.8%within the sector's middle half▲ 7.5pp58.0%within the sector's middle half▲ 0.2pp69.6%within the sector's middle half▲ 11.6pp64.0%within the sector's middle half▼ 5.6pp63.5%within the sector's middle half▼ 0.5pp
Current ratio2.64within the sector's middle half▲ 0.492.10within the sector's middle half▼ 0.551.59within the sector's middle half▼ 0.511.37within the sector's middle half▼ 0.222.72within the sector's middle half▲ 1.35
Return on assets (ROA)2.8%within the sector's middle half▼ 7.6pp6.5%within the sector's middle half▲ 3.7pp10.8%within the sector's middle half▲ 4.4pp8.2%within the sector's middle half▼ 2.7pp26.2%above the sector's middle half▲ 18.0pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 196% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579,059
Fixed assets
€52,774 ▼ 87.4%
Current assets
€526,285 ▲ 183%
Equity and liabilities €579,059
Equity
€367,928 ▼ 4.7%
Debt
€211,131 ▼ 2.8%
Debt's share of the balance-sheet total rises from 36.0% to 36.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€251,685▲
2024 · €129,635
Cash flow
€177,593▲
2024 · €102,556
Debt to equity
0.57▲
2024 · 0.56
ROE
41.2%▲
2024 · 12.8%
Interest coverage
55.77▲
2024 · 26.56
Debt ≤ 1 year
€193,336▲
2024 · €135,609
Debt > 1 year
€17,796▼
2024 · €81,559
Income taxes
€69,579▲
2024 · €22,303
Staff costs
€309
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 17,810 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €221,269 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €309 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77,997 | €75,585 | €62,383 | €53,264 | €25,932 | ▼ 51.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €15,000 | €5,000 | - | - | €1,923 | - |
| Other operating charges640/8 | €6,521 | €6,548 | €5,862 | €6,237 | €6,964 | ▲ 11.6% |
| Gross operating margin9900 | €148,548 | €172,156 | €172,082 | €135,873 | €260,882 | ▲ 92.0% |
| Operating profit (loss)9901 | €49,030 | €85,022 | €103,837 | €76,371 | €225,753 | ▲ 196% |
| Financial income75/76B | €18 | €155 | €205 | €104 | €0 | ▼ 100.0% |
| Recurring financial income75 | €18 | €155 | €205 | €104 | €0 | ▼ 100.0% |
| Financial charges65/66B | €11,933 | €9,913 | €6,931 | €4,881 | €4,513 | ▼ 7.6% |
| Recurring financial charges65 | €11,933 | €9,913 | €6,931 | €4,881 | €4,513 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €37,115 | €75,265 | €97,112 | €71,594 | €221,240 | ▲ 209% |
| Income taxes67/77 | €14,198 | €24,842 | €29,041 | €22,303 | €69,579 | ▲ 212% |
| Profit (loss) for the period9904 | €22,917 | €50,422 | €68,071 | €49,292 | €151,661 | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | €22,917 | €50,422 | €68,071 | €49,292 | €151,661 | ▲ 208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €818,467 | €778,871 | €628,839 | €603,434 | €579,059 | ▼ 4.0% |
| Fixed assets21/28 | €540,768 | €485,838 | €423,455 | €417,262 | €52,774 | ▼ 87.4% |
| Intangible fixed assets21 | €1,198 | - | - | - | - | - |
| Tangible fixed assets22/27 | €539,569 | €485,838 | €423,455 | €417,262 | €52,774 | ▼ 87.4% |
| Land and buildings22 | €402,794 | €382,306 | €361,819 | €341,706 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €75,010 | €52,036 | €29,062 | €17,709 | €12,320 | ▼ 30.4% |
| Furniture and vehicles24 | €51,970 | €46,368 | €31,548 | €57,847 | €40,454 | ▼ 30.1% |
| Other tangible fixed assets26 | €9,796 | €5,128 | €1,025 | €0 | - | - |
| Current assets29/58 | €277,699 | €293,033 | €205,384 | €186,172 | €526,285 | ▲ 183% |
| Stocks and contracts in progress3 | €6,923 | €1,923 | €1,923 | €1,923 | €0 | ▼ 100% |
| Stocks30/36 | €6,923 | €1,923 | €1,923 | €1,923 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €81,457 | €61,143 | €93,521 | €75,793 | €56,016 | ▼ 26.1% |
| Trade receivables40 | €48,941 | €25,105 | €58,936 | €39,123 | €36,519 | ▼ 6.7% |
| Other amounts receivable41 | €32,516 | €36,037 | €34,585 | €36,670 | €19,497 | ▼ 46.8% |
| Cash at bank and in hand54/58 | €183,667 | €224,066 | €103,525 | €95,083 | €461,932 | ▲ 386% |
| Deferred charges and accrued income490/1 | €5,653 | €5,901 | €6,415 | €13,373 | €8,337 | ▼ 37.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €818,467 | €778,871 | €628,839 | €603,434 | €579,059 | ▼ 4.0% |
| Equity10/15 | €473,482 | €451,904 | €437,975 | €386,267 | €367,928 | ▼ 4.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €454,882 | €433,304 | €419,375 | €367,667 | €349,328 | ▼ 5.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | €360 | €360 | €360 | €360 | €360 | = |
| Distributable reserves133 | €452,662 | €431,084 | €417,155 | €367,307 | €348,968 | ▼ 5.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €344,986 | €326,967 | €190,864 | €217,168 | €211,131 | ▼ 2.8% |
| Amounts payable after more than one year17 | €239,979 | €187,097 | €61,678 | €81,559 | €17,796 | ▼ 78.2% |
| Financial debts170/4 | €239,979 | €187,097 | €61,678 | €81,559 | €17,796 | ▼ 78.2% |
| Amounts payable within one year42/48 | €105,007 | €139,871 | €129,186 | €135,609 | €193,336 | ▲ 42.6% |
| Current portion of amounts payable after more than one year42 | €64,110 | €52,882 | €19,856 | €12,522 | €7,441 | ▼ 40.6% |
| Trade debts44 | €418 | €5,146 | €13,289 | €598 | €4,013 | ▲ 571% |
| Suppliers440/4 | €418 | €5,146 | €13,289 | €598 | €4,013 | ▲ 571% |
| Taxes, remuneration and social security45 | €15,478 | €9,842 | €14,041 | €21,489 | €21,462 | ▼ 0.1% |
| Taxes450/3 | €15,478 | €9,842 | €14,041 | €21,489 | €21,462 | ▼ 0.1% |
| Other amounts payable47/48 | €25,000 | €72,000 | €82,000 | €101,000 | €160,420 | ▲ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,917 | €50,422 | €68,071 | €49,292 | €151,661 | ▲ 208% |
| + Depreciation and write-downs630 | €77,997 | €75,585 | €62,383 | €53,264 | €25,932 | ▼ 51.3% |
| Operating cash flow (approximation) | €100,914 | €126,008 | €130,454 | €102,556 | €177,593 | ▲ 73.2% |
| Investment in fixed assets (approximation) | - | -€20,656 | €0 | -€47,071 | €338,555 | ▲ 819% |
| Change in cash | - | €40,399 | -€120,541 | -€8,442 | €366,848 | ▲ 4,446% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Highest result since 2018net €151,661 ▲208%
Operating result €225,753, net result €151,661, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €22,917 ▼76.7%
Net result drops to €22,917, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bekkevoort · 2 establishment units since 2008
Ground area
683 m²
Building footprint
190 m²
Volume, LiDAR
1,152 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SBD Analytics
since 20082.170.495.457
Rock'Chic
since 20182.272.165.315
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24008B0060/00R000 | Flanders | 485 m² | 1 · 127 m² | 7.4 m · 2 fl. |
| 24098A0362/00Z000indicative | Flanders | 197 m² | 1 · 62 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. 811 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
Founded24-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
63100Computing infrastructure, data processing, hosting and related activities
73200Market research and public opinion polling
Contact
Phone
0498/170999Bekkevoort
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897638394
Also
9925:BE0897638394
Registered
22-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.