Result
€84,545 ▲ 149%
The result rose in 2025 from €33,978 to €84,545.
SBEAR
Overview
Lifetime
2 annual accounts with figures on one time axispeak €115,250 (2025)
€115,250▲ 154%
peak €84,545 (2025)
€84,545▲ 149%
peak €122,023 (2025)
€122,023▲ 226%
€38,980▲ 106%
Board1 name since 2024
1 directorKEMPENEERS Michel André Simon Ghislain
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from €45,393 to €115,250Result from €33,978 to €84,545Registered office moved from Brussels to Dion-Valmont 17-12Equity from €37,478 to €122,023Debts from €18,916 to €38,980Investments €70,130
Key points
from the 2025 annual accountsInvestments
€68,331 10.8 × depreciation
Green is investment, beige is depreciation.
Position in the sector
€84,545
Higher net result than 89% of companies in computer programming and consultancy. Sector median €28,568 · 21,212 companies.
2025 accounts filed 26 days after the deadline
Checked score
69
Healthy
Financially stronger than 71% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.4%
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.1%▼ -0.3 percentage points vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2024
Size: total assets €161,003
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 23% on liquidity, 82% on profitability and 96% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as SBEAR has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SBEAR itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for SBEAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 1.84 (1.63 in 2024), above the usual 1.5. Short-term debt is 24.2% and cash 5.7% of total assets. 24.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
26 days late
2024
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 42 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- KEMPENEERS Michel André Simon Ghislain 100 sharesdeed of 27-03-2024
- Michel KEMPENEERS 100 sharesdeed of 27-03-2024
Recent changes
Registered office moved from Brussels to Dion-Valmont
New registered office: rue de Louvranges 58, 1325 Dion-Valmont · Previous registered office: rue Edmond Tollenaere 56 bte 13, 1020 Bruxelles · General meeting of 11-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007488025
Incorporation
Founding capital of €3,500, 100 shares · Founder: KEMPENEERS Michel André Simon Ghislain (constituant) · Appointment: KEMPENEERS Michel André Simon Ghislain (director) · published on 27-03-2024 · Gazette deed
First establishment
Rue de Louvranges, Dion-V. 58, Chaumont-Gistoux
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SBEAR Chaumont-Gistoux | €161,003 | €115,250 | 75.8% | - |
| GEEKSDEN Ottignies-Louvain-la-Neuve | €150,805 | €118,582 | 44.4% | - |
| HAWXY Rebecq | €174,911 | €105,173 | 80.5% | - |
| DataCare Villers-la-Ville | €165,925 | €97,502 | 87.1% | - |
| DH Pippin Consulting Orp-Jauche | €151,509 | €133,179 | 62.8% | - |
| B-Six Consulting Ypres | €162,490 | €110,961 | 78.9% | - |
| Nexus Labs Merelbeke-Melle | €159,829 | €109,727 | 71.9% | - |
These companies have the same main activity as SBEAR: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €151,000 and €175,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 24-03-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 4 others
- Establishment unit
- 2.359.192.3291325 Chaumont-Gistoux, since 24-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Annual accounts 2025
- €115,250▲ 154%
- ≈ €180,000estimated
- €84,545▲ 149%
- €122,023▲ 226%
- €161,003▲ 185%
- Filing
- Filed on 26-08-2026
Insights on SBEAR
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-08-2026, 26 days late€115,250
▲ 154%
€108,186
▲ 154%
€84,545
▲ 149%
€32,610
▲ 175%
75.8%
▲ 9.3 percentage points
1.84
▲ 0.21
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €160,000 and €220,000.
Balance sheet
balance sheet total €161,003 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
75.8%
Higher than 69% of 21,206 companies in 2025.
1.84
Higher than 40% of 20,569 companies in 2025.
52.5%
Higher than 87% of 20,744 companies in 2025.
SBEAR
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
161,003 | 56,393 | |
21/28 |
89,412 | 25,613 | |
22/27 |
89,412 | 25,613 | |
23 |
1,206 | - | |
24 |
88,206 | 25,613 | |
29/58 |
71,590 | 30,781 | |
40/41 |
41,600 | 13,861 | |
40 |
24,213 | 13,552 | |
41 |
17,387 | 309 | |
50/53 |
20,804 | - | |
54/58 |
9,186 | 16,920 | |
| Balance sheet: equity and liabilities | |||
10/49 |
161,003 | 56,393 | |
10/15 |
122,023 | 37,478 | |
10/11 |
3,500 | 3,500 | |
13 |
118,523 | 33,978 | |
133 |
118,523 | 33,978 | |
17/49 |
38,980 | 18,916 | |
42/48 |
38,980 | 18,916 | |
44 |
156 | 146 | |
440/4 |
156 | 146 | |
45 |
38,824 | 17,823 | |
450/3 |
38,824 | 17,823 | |
47/48 |
- | 947 | |
| Income statement | |||
9900 |
115,250 | 45,393 | |
630 |
6,330 | 2,847 | |
640/8 |
734 | - | |
9901 |
108,186 | 42,546 | |
75/76B |
1 | - | |
75 |
1 | - | |
65/66B |
80 | 7 | |
65 |
80 | 7 | |
9903 |
108,106 | 42,539 | |
67/77 |
23,562 | 8,561 | |
9904 |
84,545 | 33,978 | |
9905 |
84,545 | 33,978 | |
| Appropriation of the result | |||
9906 |
84,545 | 33,978 | |
691/2 |
84,545 | 33,978 | |
6921 |
84,545 | 33,978 | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494236.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 114,517 | 45,393 | ||
| 90,875 | 36,825 | ||
| 68,331 | 28,460 | ||
| -7,734 | - | ||
| 32,610 | 11,865 | ||
| 75.8% | 66.5% | ||
| 1.84 | 1.63 | ||
| 0.32 | 0.50 | ||
| 69.3% | 90.7% | ||
| 52.5% | 60.3% | ||
| over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €68,331 | €26,047 |
| Intangible fixed assets | - | €2,413 |
| €6,330 | €2,847 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on SBEAR
The operating result for 2025 is 154% higher than in 2024.
Debt's share of the balance-sheet total falls from 33.5% to 24.2%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 19-03-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 26-08-2026
Mandates through the years
1 name, the dashed line is todayKEMPENEERS Michel André Simon Ghislain
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- KEMPENEERS Michel André Simon Ghislain
- Director (not named in the articles), from 19-03-2024 to date
Control
Founders
KEMPENEERS Michel André Simon Ghislain, Michel KEMPENEERS
This company
SBEAR
Equity €122,023
Profit €84,545 in 2025
Capital
- Contribution
- €3,500
- Shares
- 100
- Contribution per share
- €35
- Equity per share
- €1,220 in 2025
- Source
- deed of 27-03-2024
Articles of association
deed of 27-03-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 27-03-2024 ↗
- KEMPENEERS Michel André Simon Ghislain 100 shares
- Michel KEMPENEERS 100 shares (100%) · €3,500 in cash
Network & group
No group
SBEAR has no parent and no holdings in its annual accounts. KEMPENEERS Michel André Simon Ghislain is the only director. SBEAR shares no director with another company.
Timeline
Timeline
7 events since 2024Filings
Financial
Establishments
Address
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 26 days late
2025
Equity above €100,000 equity €122,023 ▲226% With a profit in every financial year since 2024, equity grows to €122,023.
Registered office moved from Brussels to Dion-ValmontNew registered office: rue de Louvranges 58, 1325 Dion-Valmont · Previous registered office: rue Edmond Tollenaere 56 bte 13, 1020 Bruxelles · General meeting of 11-12-20254 points ▸
- General meeting, 11-12-2025
- Registered-office move, rue de Louvranges 58, 1325 Dion-Valmont
- Amendment of the articles, article 2
- Power of attorney, Julien Vandenbulcke
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007488025
Annual accounts 2024 filed PDFmicro format · 57 days late
2024
IncorporationFounding capital of €3,500, 100 shares · Founder: KEMPENEERS Michel André Simon Ghislain (constituant) · Appointment: KEMPENEERS Michel André Simon Ghislain (director) · published on 27-03-20247 points ▸
- Founder, KEMPENEERS Michel André Simon Ghislain (constituant)
- Founding capital, €3,500, 100 shares
- KEMPENEERS Michel André Simon Ghislain holds 100 shares
- 100 shares
- Registered office clause, rue Edmond Tollenaere 56 bte 13, 1020 Bruxelles
- Board rule, 1
- Director appointment, KEMPENEERS Michel André Simon Ghislain (director (not named in the articles))
- The deed holds 6 more points.
First establishment Rue de Louvranges, Dion-V. 58, Chaumont-Gistoux
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
SBEAR was incorporated on 24 March 2024 as a private limited company by two natural persons, with a starting capital of €3,500.12 The registered office was moved to Dion-Valmont in 2025.3 Since 2024, KEMPENEERS Michel André Simon Ghislain has served as director.4
Company details
Identity
- Enterprise number
- 1007.488.025
- VAT number
- BE 1007.488.025
- Peppol ID
- 0208:1007488025
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 24-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00deed of 27-03-2024 (in French)
- Peppol
- Reachable since 02-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SBEAR in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-03-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 27-03-2024 (in French)
Activities
NACEBEL 2025VAT activities
62200
Computer consultancy and computer facilities management main activity
62100
Computer programming
63910
Web portal activities
Social security (RSZ) activities
70200
Business and other management consultancy main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
62010
Computer programming, consultancy and related activities
62030
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
63120
Computing infrastructure, data processing, hosting and other information service activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Conseil en matière de cybersécurité et de sécurité web:planification,développement et mise en œuvre,intervention,conformité et préparation à…”deed of 27-03-2024 (in French)
5 activities
- Conseil en matière de cybersécurité et de sécurité web:planification,développement et mise en œuvre,intervention,conformité et préparation à la certification
- Conseil en technologies de l'information pour la gestion de l'espace de travail:planification des processus,conceptualisation des meilleures pratiques,planification stratégique,orientation des politiques et mise en œuvre des procédures
- Conseil en solutions cloud:planification de la protection,protection des ressources,mise en œuvre et rationalisation au sens large
- Gestion de projets informatiques,dépannage et intervention technique
- Solutions multimédias,de mise en réseau,de virtualisation et de stockage
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de Louvranges, Dion-V. 58 registered office 1325 Chaumont-Gistoux | 24-03-2024 | 2.359.192.329 |
1 former office
- 1020 Bruxelles until the deed of 17-12-2025
Buildings and parcels at the address
- Ground area
- 1,018 m²
- Buildings
- 129 m²
- Volume, LiDAR
- 510 m³
- Tallest building
- 5.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25025C0064/00D000 | 1,018 m² | 1 · 129 m² | 5.0 m · 1 |