SBGP
ActiveSummary
SBGP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,152 and a net result of €2,837. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-6
Solvency39▼-3
Growth67=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.32 against 1.6 in 2024; short-term debt: 72.5% and cash: 16.5% of total assets), and 86.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
13.9%
Return on assets
1.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 6 filingsDeviation from the deadline
2025
10 d late
2024
2 d early
2023
40 d early
2022
39 d early
2021
45 d early
2020
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 22 June (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€228,039▲ 13.0%
2020 · €201,868
EBIT margin
-0.7%▲ 1.3pp
2020 · -2.0%
Net result
€2,837▼ 36.3%
2024 · €4,454
Working capital
€46,384▼ 12.4%
2024 · €52,933
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€228,039
Operating result€13,924€11,279▼ 19.0%-€1,573€11,610€12,414▲ 6.9%
Net result€11,464within the sector's middle half€7,113within the sector's middle half▼ 38.0%-€6,996below the sector's middle half€4,454within the sector's middle half€2,837within the sector's middle half▼ 36.3%
EBIT margin-0.7%
Equity€21,543within the sector's middle half▲ 98.0%€27,856within the sector's middle half▲ 29.3%€20,860within the sector's middle half▼ 25.1%€25,314within the sector's middle half▲ 21.4%€28,152within the sector's middle half▲ 11.2%
Total assets€71,739within the sector's middle half▲ 26.4%€159,362within the sector's middle half▲ 122%€143,053within the sector's middle half▼ 10.2%€144,821within the sector's middle half▲ 1.2%€202,651within the sector's middle half▲ 39.9%
Debt€50,196▲ 9.4%€131,506▲ 162%€122,193▼ 7.1%€119,507▼ 2.2%€174,499▲ 46.0%
Working capital€19,170within the sector's middle half▲ 78.7%€26,037within the sector's middle half▲ 35.8%€19,396within the sector's middle half▼ 25.5%€52,933within the sector's middle half▲ 173%€46,384within the sector's middle half▼ 12.4%
Solvency30.0%within the sector's middle half▲ 10.9pp17.5%within the sector's middle half▼ 12.6pp14.6%within the sector's middle half▼ 2.9pp17.5%within the sector's middle half▲ 2.9pp13.9%within the sector's middle half▼ 3.6pp
Current ratio1.38within the sector's middle half▲ 0.151.20within the sector's middle half▼ 0.181.17within the sector's middle half▼ 0.031.60within the sector's middle half▲ 0.441.32within the sector's middle half▼ 0.29
Return on assets (ROA)16.0%above the sector's middle half▲ 23.2pp4.5%within the sector's middle half▼ 11.5pp-4.9%below the sector's middle half▼ 9.4pp3.1%within the sector's middle half▲ 8.0pp1.4%within the sector's middle half▼ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202,651
Fixed assets
€9,412 ▲ 126%
Current assets
€193,239 ▲ 37.4%
Equity and liabilities €202,651
Equity
€28,152 ▲ 11.2%
Debt
€174,499 ▲ 46.0%
Debt's share of the balance-sheet total rises from 82.5% to 86.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,042▼
2024 · €14,138
Cash flow
€3,465▼
2024 · €6,982
Quick ratio
0.35▼
2024 · 0.56
Debt to equity
6.20▲
2024 · 4.72
ROE
10.1%▼
2024 · 17.6%
Interest coverage
1.48▼
2024 · 1.97
Debt ≤ 1 year
€146,855▲
2024 · €87,725
Debt > 1 year
€27,644▼
2024 · €31,782
Income taxes
€756
Staff costs
€19▼
2024 · €289
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 3,275 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €228,039 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €1,517 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €227,199 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €302 | €289 | €19 | ▼ 93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10 | €554 | €1,081 | €2,528 | €628 | ▼ 75.2% |
| Other operating charges640/8 | €1,232 | €622 | €1,761 | €2,206 | €2,918 | ▲ 32.3% |
| Gross operating margin9900 | €15,166 | €12,455 | €1,571 | €16,633 | €15,978 | ▼ 3.9% |
| Operating profit (loss)9901 | €13,924 | €11,279 | -€1,573 | €11,610 | €12,414 | ▲ 6.9% |
| Financial income75/76B | €46 | €6 | €4 | €8 | €7 | ▼ 11.1% |
| Recurring financial income75 | €46 | €6 | €4 | €8 | €7 | ▼ 11.1% |
| Financial charges65/66B | €92 | €1,607 | €5,426 | €7,164 | €8,828 | ▲ 23.2% |
| Recurring financial charges65 | €92 | €1,607 | €5,426 | €7,164 | €8,828 | ▲ 23.2% |
| Profit (loss) for the period before taxes9903 | €13,878 | €9,678 | -€6,996 | €4,454 | €3,594 | ▼ 19.3% |
| Income taxes67/77 | €2,414 | €2,565 | - | - | €756 | - |
| Profit (loss) for the period9904 | €11,464 | €7,113 | -€6,996 | €4,454 | €2,837 | ▼ 36.3% |
| Profit (loss) for the period to be appropriated9905 | €11,464 | €7,113 | -€6,996 | €4,454 | €2,837 | ▼ 36.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,739 | €159,362 | €143,053 | €144,821 | €202,651 | ▲ 39.9% |
| Fixed assets21/28 | €2,373 | €1,819 | €6,691 | €4,163 | €9,412 | ▲ 126% |
| Tangible fixed assets22/27 | €2,223 | €1,669 | €6,541 | €4,013 | €9,262 | ▲ 131% |
| Plant, machinery and equipment23 | €1,428 | €1,142 | €857 | €571 | €285 | ▼ 50.0% |
| Furniture and vehicles24 | €795 | €527 | €5,685 | €3,442 | €8,976 | ▲ 161% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €69,366 | €157,543 | €136,362 | €140,658 | €193,239 | ▲ 37.4% |
| Stocks and contracts in progress3 | €47,905 | €91,243 | €104,942 | €91,695 | €141,183 | ▲ 54.0% |
| Stocks30/36 | €47,905 | €91,243 | €104,942 | €91,695 | €141,183 | ▲ 54.0% |
| Amounts receivable within one year40/41 | €1,586 | €11,250 | €6,105 | €7,362 | €3,726 | ▼ 49.4% |
| Trade receivables40 | - | €8,728 | €1,513 | €4,013 | €724 | ▼ 82.0% |
| Other amounts receivable41 | €1,586 | €2,521 | €4,592 | €3,349 | €3,002 | ▼ 10.3% |
| Cash at bank and in hand54/58 | €19,874 | €55,050 | €24,362 | €20,237 | €33,466 | ▲ 65.4% |
| Deferred charges and accrued income490/1 | - | - | €953 | €21,364 | €14,864 | ▼ 30.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,739 | €159,362 | €143,053 | €144,821 | €202,651 | ▲ 39.9% |
| Equity10/15 | €21,543 | €27,856 | €20,860 | €25,314 | €28,152 | ▲ 11.2% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €6,543 | €12,856 | €5,860 | €10,314 | €13,152 | ▲ 27.5% |
| Amounts payable17/49 | €50,196 | €131,506 | €122,193 | €119,507 | €174,499 | ▲ 46.0% |
| Amounts payable after more than one year17 | - | - | €5,227 | €31,782 | €27,644 | ▼ 13.0% |
| Financial debts170/4 | - | - | €5,227 | €31,782 | €27,644 | ▼ 13.0% |
| Amounts payable within one year42/48 | €50,196 | €131,506 | €116,966 | €87,725 | €146,855 | ▲ 67.4% |
| Current portion of amounts payable after more than one year42 | €4,000 | €85,000 | €70,772 | €78,904 | €129,138 | ▲ 63.7% |
| Trade debts44 | €2,184 | €7,742 | €6,090 | €8,449 | €2,611 | ▼ 69.1% |
| Suppliers440/4 | €2,184 | €7,742 | €6,090 | €8,449 | €2,611 | ▼ 69.1% |
| Taxes, remuneration and social security45 | €3,991 | €4,434 | €53 | €161 | €1,523 | ▲ 846% |
| Taxes450/3 | €3,991 | €4,434 | €53 | €161 | €1,523 | ▲ 846% |
| Other amounts payable47/48 | €40,020 | €34,330 | €40,051 | €211 | €13,583 | ▲ 6,324% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,464 | €7,113 | -€6,996 | €4,454 | €2,837 | ▼ 36.3% |
| + Depreciation and write-downs630 | €10 | €554 | €1,081 | €2,528 | €628 | ▼ 75.2% |
| Operating cash flow (approximation) | €11,474 | €7,667 | -€5,914 | €6,982 | €3,465 | ▼ 50.4% |
| Investment in fixed assets (approximation) | - | €0 | -€5,954 | €0 | -€5,876 | - |
| Change in cash | - | €35,176 | -€30,688 | -€4,125 | €13,228 | ▲ 421% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,454
Net result €4,454 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€6,996
Net result drops to -€6,996, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11,464
Net result €11,464 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Overijse · 1 establishment unit since 2019
Ground area
3,186 m²
Building footprint
338 m²
Volume, LiDAR
1,777 m³
2 parcels, Flanders, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
Rue du Vieux Saint-Donat 3, 5640 Mettet
since 20192.297.261.490
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0376/02D005 | Flanders | 1,934 m² | 1 · 198 m² | 6.6 m · 1 fl. |
| 92087I0292/00E000 | Wallonia | 1,252 m² | 1 · 139 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
K@
BE 0891.483.448
Antwerpen · Eq €28,143
MEGALITHES
BE 0461.172.939
Fléron · Eq €28,123
LUNARTE
BE 1019.419.421
Antwerpen · Eq €28,108
HUDEC
BE 0458.264.523
Antwerpen · Eq €28,249
MandatuM
BE 0783.593.912
Gent · Eq €28,049
Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,252 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
Founded27-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740550062
Also
9925:BE0740550062
Registered
08-12-2025
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.