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SBG Concept

Active
Private limited companyfounded 20251 yr activeRue Jette Faulx(Thy) 1, 5651 Walcourt, BelgiumKBO/BCE: BE 1019.120.602
Summary

The computed 12-month bankruptcy probability of SBG Concept is 2.2% (moderate). The 2025 annual accounts show equity of €4,994 and a net result of -€1,006. Its solvency ranks better than 14% of 28281 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability66
Solvency35
Growth-
Track record67
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.42; short-term debt: 90.1% and cash: 8.1% of total assets), and 90.1% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
9.9%
Return on assets
-2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 28281 sector peers (2025).
NBB · sector comparison
Position among 28281 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 1 filing
Deviation from the deadline
2025
24 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 January 2025, SBG Concept was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€4,994
Total assets
€50,311
Net result
-€1,006
Working capital
-€26,107

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €47,969
Fixed assets €28,760
Current assets €19,209
Equity and liabilities €50,311
Equity €4,994
Debt €45,316
Debt finances 90.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€6,482
Cash flow
€6,313
Current ratio
0.42
Debt to equity
9.07
ROE
-20.1%
ROA
-2.0%
Interest coverage
39.81
Debt ≤ 1 year
€45,316
Income taxes
€8
Staff costs
€11,187

Peer companies

Historical observation

Of the 280 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a small loss
1.1% went bankrupt
3.2% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 280 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€50,311
Formation expenses20€2,342
Fixed assets21/28€28,760
Tangible fixed assets22/27€28,760
Plant, machinery and equipment23€8,304
Furniture and vehicles24€20,456
Current assets29/58€19,209
Amounts receivable within one year40/41€14,725
Trade receivables40€14,725
Cash at bank and in hand54/58€4,099
Deferred charges and accrued income490/1€386
Equity and liabilities
Total equity and liabilities10/49€50,311
Equity10/15€4,994
Contributions10/11€6,000
Profit (loss) carried forward14-€1,006
Amounts payable17/49€45,316
Amounts payable within one year42/48€45,316
Trade debts44€24,844
Suppliers440/4€24,844
Taxes, remuneration and social security45€4,139
Taxes450/3€1,101
Remuneration and social security454/9€3,038
Other amounts payable47/48€16,334
Income statement Code2025
Remuneration, social security and pensions62€11,187
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,319
Other operating charges640/8€329
Gross operating margin9900€17,999
Operating profit (loss)9901-€837
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€163
Recurring financial charges65€163
Profit (loss) for the period before taxes9903-€997
Income taxes67/77€8
Profit (loss) for the period9904-€1,006
Profit (loss) for the period to be appropriated9905-€1,006
Appropriation of the result
Profit (loss) to be appropriated9906-€1,006

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€11,187
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,319
Other operating charges640/8€329
Gross operating margin9900€17,999
Operating profit (loss)9901-€837
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€163
Recurring financial charges65€163
Profit (loss) for the period before taxes9903-€997
Income taxes67/77€8
Profit (loss) for the period9904-€1,006
Profit (loss) for the period to be appropriated9905-€1,006
Line2025
Assets
Total assets20/58€50,311
Formation expenses20€2,342
Fixed assets21/28€28,760
Tangible fixed assets22/27€28,760
Plant, machinery and equipment23€8,304
Furniture and vehicles24€20,456
Current assets29/58€19,209
Amounts receivable within one year40/41€14,725
Trade receivables40€14,725
Cash at bank and in hand54/58€4,099
Deferred charges and accrued income490/1€386
Equity and liabilities
Total equity and liabilities10/49€50,311
Equity10/15€4,994
Contributions10/11€6,000
Profit (loss) carried forward14-€1,006
Amounts payable17/49€45,316
Amounts payable within one year42/48€45,316
Trade debts44€24,844
Suppliers440/4€24,844
Taxes, remuneration and social security45€4,139
Taxes450/3€1,101
Remuneration and social security454/9€3,038
Other amounts payable47/48€16,334
Line2025
Profit (loss) for the period9904-€1,006
+ Depreciation and write-downs630€7,319
Operating cash flow (approximation)€6,313

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Walcourt · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
966 m²
Building footprint
129 m²
Parcel 93078A0112/00A003, Wallonia. Linked by address, not a title deed.
1 establishment unit
SBG Concept
Rue Jette Faulx(Thy) 1, 5651 WalcourtGeneral construction of residential buildings
since 20252.369.565.290
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
93078A0112/00A003 Wallonia 966 m² 1 · 129 m² -
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.

Similar companies · same sector, comparable size

Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 1,137 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
Founded23-01-2025
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
81300Landscape service activities
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
42110Construction of roads and motorways
43120Site preparation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1019120602
Registered 30-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.