Equity
-€12,945
Debts exceed assets in financial year 2025.
SBF
Lifetime
7 annual accounts with figures on one time axispeak €54,034 (2019)
€6,969▼ 77.8%
lowest -€23,154 (2019)
-€17,039▼ €27,639
peak €4,095 (2024)
-€12,945▼ €17,039
€80,830▲ 12.5%
peak 1.5 FTE (2019)
-not published
Board2 names since 2018
2 directorsTHIERY Sylvia Magdalena Marie-Thérèse and 1 other
Documentsfilings and deeds
17-07-202614 days before the deadline
2025micro format
Gross margin from €31,428 to €6,969Loss of €17,039Equity from €4,095 to -€12,945
Key points
from the 2025 annual accountsChecked score
46
Fair
Financially stronger than 12% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.1%
01-2025: 6.1%● unchanged vs 12-2024
02-2025: 6.1%● unchanged vs 01-2025
03-2025: 6.1%● unchanged vs 02-2025
04-2025: 6.1%● unchanged vs 03-2025
05-2025: 6.0%▼ -0.1 percentage points vs 04-2025
06-2025: 5.8%▼ -0.2 percentage points vs 05-2025
07-2025: 5.9%▲ +0.1 percentage points vs 06-2025
08-2025: 6.9%▲ +1.0 percentage point vs 07-2025highest value
09-2025: 4.3%▼ -2.6 percentage points vs 08-2025
10-2025: 4.3%● unchanged vs 09-2025
11-2025: 4.3%● unchanged vs 10-2025
12-2025: 4.3%● unchanged vs 11-2025
01-2026: 4.3%● unchanged vs 12-2025
02-2026: 4.3%● unchanged vs 01-2026
03-2026: 4.3%● unchanged vs 02-2026
04-2026: 4.3%● unchanged vs 03-2026
05-2026: 3.7%▼ -0.6 percentage points vs 04-2026
06-2026: 3.6%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 3.6%● unchanged vs 06-2026
08-2026: 4.5%▲ +0.9 percentage points vs 07-2026
09-2026: 4.5%● unchanged vs 08-2026
10-2026: 4.1%▼ -0.4 percentage points vs 09-2026
11-2026: 4.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Liquidity: current ratio 0.42, cash €0
Negative equity -€12,945
lowers risk
Size: total assets €67,885
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 56, micro). It does better than 19% of them on solvency, 8% on liquidity, 17% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 6,008 companies had the same profile as SBF has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SBF itself: 4.1% 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 6,008 companies, not a prediction for SBF. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.42 (0.45 in 2024), below 1. Short-term debt is 76.9% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€12,945
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 days early
2024
29 days late
2023
30 days late
2022
18 days late
2021
31 days late
2020
12 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0705824557
Change of role: Sylvia Thiery, from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 27-12-2023 · Gazette deed
First establishment
Molenstraat 56, Eeklo
Incorporation
Founders: BERT David, THIERY Sylvia Magdalena Marie-Thérèse and LANGUEDOC Franky Michael · Founding capital of €18,600, 186 shares · Appointment: THIERY Sylvia Magdalena Marie-Thérèse (manager) · published on 27-09-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SBF Eeklo | €67,885 | €6,969 | -19.1% | - |
| Vlinus Jabbeke | €77,634 | €8,187 | -7.7% | - |
| JBK INVEST Molenbeek-Saint-Jean | €60,123 | €8,307 | 37.6% | - |
| AMIGOS Antwerp | €67,898 | €8,066 | 88.6% | - |
| SHAMS Dendermonde | €82,692 | €9,777 | 85.8% | - |
| ShiLies Ghent | €56,967 | €10,165 | 64.3% | - |
| Bollen Company Florennes | €77,098 | €5,673 | -24.9% | - |
These companies have the same main activity as SBF: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €57,000 and €82,700, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 25-09-2018Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 3 others
- Establishment unit
- 2.280.751.9919900 Eeklo, since 01-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Annual accounts 2025
- ≈ €78,000estimated
- €67,885▼ 10.6%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on SBF
SBF files the micro format. That format states no turnover. The gross margin fell from €54,034 in 2019 to €6,969 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SBF
- What is the company number of SBF?
- The company number of SBF is 0705.824.557. The VAT number is the same number with BE in front: BE 0705.824.557.
- Where is SBF based?
- The registered office is at Molenstraat 56, 9900 Eeklo.Company details
- What does SBF do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of SBF?
- SBF is a private limited company (BV).
- When was SBF founded?
- SBF was founded on 25-09-2018.
- Is SBF still active?
- Yes, SBF is an active enterprise in the KBO register.
- How many employees does SBF have?
- SBF had an average of 0.2 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of SBF?
- The turnover in financial year 2025 is ≈ €78,000. This figure is estimated from the gross margin of €6,969 and 133 comparable companies (NACE 56112). It probably lies between €49,000 and €130,000. It is a rough estimate.
- Is SBF profitable?
- In financial year 2025, SBF made a loss of €17,039.
- Where can I find the annual accounts of SBF?
- SBF filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SBF due?
- SBF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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