Equity
€68,611 from €157,270 in 2023
Equity fell by 56% in 2 years.
SBK DEVELOPMENT
Overview
Lifetime
5 annual accounts with figures on one time axispeak €125,418 (2022)
€42,466▲ 34.9%
peak €93,906 (2022)
€25,705▼ 10.2%
peak €157,270 (2023)
€68,611▲ 1.0%
€42,239▼ 70.2%
Board1 name since 2020
1 directorSOBCZAK Gautier Christian Stéphane
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Gross margin from €31,471 to €42,466Dividend €25,000Debts from €141,912 to €42,239Cash from €171,684 to €65,400
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 60% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: 0.1%▲ +0.1 percentage points vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.50, cash €65,400, halved
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €110,850
Equity €68,611 (61.9% of total assets)
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 70, micro). It does better than 57% of them on solvency, 74% on liquidity, 67% on profitability and 44% on growth.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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, 26,972 companies had the same profile as SBK DEVELOPMENT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SBK DEVELOPMENT itself is lower: < 0.1% within 12 months. It rests on far more data about SBK DEVELOPMENT than the profile alone.
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 26,972 companies, not a prediction for SBK DEVELOPMENT. 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 €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.5 (1.44 in 2024), above the usual 1.5. Short-term debt is 38.1% and cash 59% of total assets. 38.1% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 11-06-2026, 50 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
50 days early
2024
35 days early
2023
5 days late
2022
17 days late
2021
11 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 10 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 6 August (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758400240
Registered office moved from Court-Saint-Etienne to Waterloo
New registered office: Avenue Prince Charles 26 à 1410 Waterloo · Previous registered office: Rue de la Roche 21 Boîte B, 1490 Court-Saint-Etienne · Board meeting of 01-02-2022 · Gazette deed
Incorporation
Founding capital of €5,000, 50 shares · Founder: SOBCZAK Gautier Christian Stéphane · Appointment: SOBCZAK Gautier Christian Stéphane (director) · published on 17-11-2020 · Gazette deed
First establishment
Avenue Prince Charles 26, Waterloo
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SBK DEVELOPMENT Waterloo | €110,850 | €42,466 | 61.9% | - |
| HUPPY Waterloo | €99,145 | €42,500 | 5.1% | - |
| ATOLL Waterloo | €89,934 | €40,477 | 83.4% | - |
| Titanium Magnus Consulting Waterloo | €138,935 | €48,367 | 47.7% | - |
| TD MANAGEMENT AND CONSULTING Nivelles | €103,943 | €42,158 | 7.4% | - |
| BFELIX Rixensart | €102,831 | €41,067 | 79.1% | - |
| VAEM Consult Braine-l'Alleud | €101,997 | €37,975 | 60.4% | - |
These companies have the same main activity as SBK DEVELOPMENT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €89,900 and €139,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 13-11-2020Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.309.770.5321410 Waterloo, since 13-11-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €42,466▲ 34.9%
- ≈ €120,000estimated
- €25,705▼ 10.2%
- €68,611▲ 1.0%
- €110,850▼ 47.2%
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on SBK DEVELOPMENT
SBK DEVELOPMENT files the micro format. That format states no turnover. The gross margin rose from €24,418 in 2021 to €42,466 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 11-06-2026, 50 days before the deadline€42,466
▲ 34.9%
€37,555
▲ 35.3%
€25,705
▼ 10.2%
€63,429
▲ 0.9%
61.9%
▲ 29.5 percentage points
2.50
▲ 1.06
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 ≈ €120,000. Estimated: probably between €74,000 and €170,000.
Balance sheet
balance sheet total €110,850 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
61.9%
Higher than 56% of 39,360 companies in 2025.
2.50
Higher than 56% of 38,044 companies in 2025.
23.2%
Higher than 63% of 38,516 companies in 2025.
SBK DEVELOPMENT
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · 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 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
110,850 | 209,818 | 181,983 | 147,872 | 42,314 | |
20 |
- | - | 44 | 449 | 853 | |
21/28 |
5,182 | 5,018 | 46 | 393 | 740 | |
22/27 |
5,182 | 5,018 | 46 | 393 | 740 | |
23 |
688 | - | 46 | 393 | 740 | |
26 |
4,494 | 5,018 | - | - | - | |
29/58 |
105,668 | 204,800 | 181,893 | 147,030 | 40,721 | |
40/41 |
38,115 | 28,164 | 32,378 | 23,775 | 11,054 | |
40 |
32,089 | 16,045 | 32,089 | 23,775 | 11,054 | |
41 |
6,026 | 12,119 | 289 | - | - | |
54/58 |
65,400 | 171,684 | 148,545 | 122,359 | 28,805 | |
490/1 |
2,153 | 4,952 | 970 | 896 | 862 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
110,850 | 209,818 | 181,983 | 147,872 | 42,314 | |
10/15 |
68,611 | 67,906 | 157,270 | 112,694 | 18,787 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
45,000 | 35,000 | 25,000 | 15,000 | 5,000 | |
133 |
45,000 | 35,000 | 25,000 | 15,000 | 5,000 | |
14 |
18,611 | 27,906 | 127,270 | 92,694 | 8,787 | |
17/49 |
42,239 | 141,912 | 24,713 | 35,178 | 23,527 | |
42/48 |
42,239 | 141,912 | 24,713 | 35,178 | 23,527 | |
44 |
5,605 | 11,043 | 1,826 | 2,085 | 11,753 | |
440/4 |
5,605 | 11,043 | 1,826 | 2,085 | 11,753 | |
45 |
13,641 | 28,196 | 22,887 | 32,743 | 11,602 | |
450/3 |
13,641 | 28,196 | 22,887 | 32,743 | 11,602 | |
47/48 |
22,993 | 102,673 | - | 350 | 172 | |
| Income statement | ||||||
9900 |
42,466 | 31,471 | 61,733 | 125,418 | 24,418 | |
62 |
- | - | - | 841 | - | |
630 |
785 | 313 | 752 | 752 | 662 | |
640/8 |
4,126 | 3,401 | 1,162 | 1,503 | 3,091 | |
9901 |
37,555 | 27,757 | 59,819 | 122,322 | 20,665 | |
75/76B |
- | 12,747 | - | - | - | |
76B |
- | 12,747 | - | - | - | |
65/66B |
150 | 388 | 392 | 194 | 78 | |
65 |
150 | 388 | 392 | 194 | 78 | |
9903 |
37,405 | 40,116 | 59,427 | 122,128 | 20,587 | |
67/77 |
11,700 | 11,480 | 14,851 | 28,222 | 6,800 | |
9904 |
25,705 | 28,636 | 44,576 | 93,906 | 13,787 | |
9905 |
25,705 | 28,636 | 44,576 | 93,906 | 13,787 | |
| Appropriation of the result | ||||||
9906 |
53,611 | 155,906 | 137,270 | 102,694 | 13,787 | |
14P |
27,906 | 127,270 | 92,694 | 8,788 | - | |
691/2 |
10,000 | 10,000 | 10,000 | 10,000 | 5,000 | |
6921 |
10,000 | 10,000 | 10,000 | 10,000 | 5,000 | |
694/7 |
25,000 | 118,000 | - | - | - | |
694 |
25,000 | 118,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 5 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 11-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00161399 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00191137 | |
| 31-12-2023 | micro format | 05-08-2024 | 2024-00333305 | |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00335679 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20287362 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 38,340 | 28,070 | 60,571 | 123,074 | 21,327 | ||
| 26,490 | 28,949 | 45,328 | 94,658 | 14,449 | ||
| 950 | 5,241 | 405 | 405 | 1,041 | ||
| -106,284 | 23,139 | 26,186 | 93,554 | - | ||
| 63,429 | 62,888 | 157,180 | 111,852 | 17,194 | ||
| 61.9% | 32.4% | 86.4% | 76.2% | 44.4% | ||
| 2.50 | 1.44 | 7.36 | 4.18 | 1.73 | ||
| 0.62 | 2.09 | 0.16 | 0.31 | 1.25 | ||
| 37.5% | 42.2% | 28.3% | 83.3% | 73.4% | ||
| 23.2% | 13.6% | 24.5% | 63.5% | 32.6% | ||
| over 100 | 72.35 | over 100 | 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 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €950 | €5,241 | - | - | €1,041 |
| €785 | €313 | €752 | €752 | €662 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SBK DEVELOPMENT
The operating result for 2025 is 35% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 67.6% to 38.1%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 17-11-2020
term without a fixed end
Mandates through the years
1 name, the dashed line is todaySOBCZAK Gautier Christian Stéphane
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- SOBCZAK Gautier Christian Stéphane
- Director (not named in the articles), appointed by deed of 17-11-2020, still in office
Control
This company
SBK DEVELOPMENT
Equity €68,611
Profit €25,705 in 2025
Capital
- Contribution
- €5,000
- Shares
- 50
- Contribution per share
- €100
- Equity per share
- €1,372 in 2025
- Source
- deed of 17-11-2020
Articles of association
deed of 17-11-2020 (in French)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 18:00
Shareholders
At incorporation
deed of 17-11-2020 ↗
- SOBCZAK Gautier Christian Stéphane 50 shares (100%) · €5,000
Network & group
No group
SBK DEVELOPMENT has no parent and no holdings in its annual accounts. SOBCZAK Gautier Christian Stéphane is the only director. SBK DEVELOPMENT shares no director with another company.
Timeline
Timeline
13 events since 2020Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0758400240
Annual accounts 2025 filed NBBmicro format · 50 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 35 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 5 days late
2023
Equity above €150,000 equity €157,270 ▲39.6% With a profit in every financial year since 2021, equity grows to €157,270.
Annual accounts 2022 filed PDFmicro format · 17 days late
2022
Highest result from 2021 to 2025 net €93,906 ▲581% The operating result of €122,322 and the net result of €93,906 are both a record.
Liquidity more than doubled current ratio 4.18 The current ratio rises from 1.73 to 4.18.
Equity above €100,000 equity €112,694 ▲500% With a profit in every financial year since 2021, equity grows to €112,694.
Annual accounts 2021 filed PDFmicro format · 11 days late
Registered office moved from Court-Saint-Etienne to WaterlooNew registered office: Avenue Prince Charles 26 à 1410 Waterloo · Previous registered office: Rue de la Roche 21 Boîte B, 1490 Court-Saint-Etienne · Board meeting of 01-02-20222 points ▸
- Board meeting, 01-02-2022
- Registered-office move, Avenue Prince Charles 26 à 1410 Waterloo
2020
IncorporationFounding capital of €5,000, 50 shares · Founder: SOBCZAK Gautier Christian Stéphane · Appointment: SOBCZAK Gautier Christian Stéphane (director) · published on 17-11-20205 points ▸
- Founder, SOBCZAK Gautier Christian Stéphane
- Founding capital, €5,000, 50 shares
- Registered office clause, Rue de la Roche 21B, 1490 Court-Saint-Etienne
- Board rule, 1
- Director appointment, SOBCZAK Gautier Christian Stéphane (director (not named in the articles))
- The deed holds 2 more points.
First establishment Avenue Prince Charles 26, Waterloo
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
On 13 November 2020, SBK DEVELOPMENT was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2022 the registered office moved to Waterloo.3 SOBCZAK Gautier Christian Stéphane is director of the company, appointed by deed of 17-11-2020.2 Total assets went from €42,314 in 2021 to €110,850 in 2025.4
Company details
Identity
- Enterprise number
- 0758.400.240
- VAT number
- BE 0758.400.240
- Peppol ID
- 0208:0758400240
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-11-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 18:00deed of 17-11-2020 (in French)
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SBK DEVELOPMENT in French
- Entity type
- Legal entity
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1.La creation,la gestion,l’exploitation,la programmation et la maintenance de tous programmes et logiciels informatiques relatifs,entre…”deed of 17-11-2020 (in French)
7 activities
- 1.La creation,la gestion,l’exploitation,la programmation et la maintenance de tous programmes et logiciels informatiques relatifs,entre autres mais sans que cela soit limitatif;Dans ce cadre,la societe pourra operer l’analyse,le conseil,le developpement,la commercialisation,l’installation,la configuration de tout logiciel informatique et de tout materiel de telecommunication,en ce compris le developpement d’un service d’e-business et de ventes et/ou services en lignes des programmes.
- 2.La fourniture tant aux personnes morales(publiques et/ou privees)qu’aux personnes privees de toutes prestations de services,conseils et etudes a aspect commercial,technique,financier et informatique dans les domaines,sans que cette liste ne soit consideree comme limitative,de la comptabilite,de la gestion de personnel,la gestion et valorisation d’entreprises et d’activites,de l’electronique,de l’ingenierie,de la construction,de la finance et de la science
- 3.L’assistance aux entreprises publiques et privees,la promotion et la realisation de projets et d’audits de toute nature en ces domaines en ce compris la redaction et la conclusion en tant que mandataire ou pour compte propre,de tous marches de travaux publics ou prive ou de fournitures de service ou de consultance
- 4.La fourniture tant aux personnes morales(publiques et/ou privees)qu’aux personnes privées de toute activité de formation,de management et d’organisation
- 5.Toute activité de consultance dans les domaines scientifiques
- 6.Toute activité de services administratifs ou de bureau et autres activités de soutien aux entreprise
- 7.La société pourra également effectuer la gestion d’un patrimoine mobilier et/ou immobilier pour son compte propre
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Avenue Prince Charles 26 registered office 1410 Waterloo | 13-11-2020 | 2.309.770.532 |
1 former office
- Rue de la Roche 21 Boîte B, 1490 Court-Saint-Etienne until 01-02-2022 · deed of 18-03-2022
Buildings and parcels at the address
- Ground area
- 672 m²
- Buildings
- 101 m²
- Volume, LiDAR
- 618 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25763M0267/00A000 | 672 m² | 1 · 101 m² | 7.9 m · 2 |