Equity
€4.0m ▲ 5.5%
SBL has made a profit in every financial year since 2006.
SBL
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €11.2m (2019)
€10.1m▲ 1.0%
peak €523,584 (2020)
€208,278▲ 15.1%
peak €4.0m (2025)
€4.0m▲ 5.5%
€1.9m▼ 46.9%
peak 70.2 FTE (2020)
53 FTE▲ 1.0%
Board20 names since 2010all names
4 directorsHEREMANS CONSULT BV and 3 others
Owners3 names in the annual accounts
99.85%STANDAARD BOEKHANDEL and 1 other
Documentsfilings and deeds
20-05-202672 days before the deadline
2025financial year
Resignation: ASCE BV (director) 30-101 director reappointed, 1 statutory auditor reappointed 22-072 directors appointed 02-04Debts from €3.6m to €1.9mCash from €1.8m to €301,390
Key points
from the 2025 annual accountsStaff
59 employees on 31-12-2025
In 2025, 4 people joined and 6 left. On top of that, 24.7 agency workers worked there on average.
Payment terms
86 days to suppliers
SBL pays its suppliers 4 days later than in 2024. Customers pay 50 days earlier.
Liquidity
1.80 was 1.32 in 2024
Short-term debts fell from €3.5m to €1.9m.
Filings
25 annual accounts since 2001
The last five annual accounts were filed 72 to 87 days before the end of the period.
Board
1 joined · 2 left
Board changed. Latest change 01-01-2026 · 4 in office.
Checked score
91
Excellent
Financially stronger than 60% of medium-sized companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 176 companies (NACE 52, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025highest value
06-2025: 0.1%▼ -0.1 percentage points 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 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
Liquidity: current ratio 1.80, cash €301,390, halved
lowers risk
Founded in 2001
Equity €4.0m (67.9% 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 52, medium-sized). It does better than 86% of them on solvency, 53% on liquidity, 55% on profitability and 47% 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 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, 1,887 companies had the same profile as SBL has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of SBL itself: 0.2% 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 1,887 companies, not a prediction for SBL. 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 €360,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.8 (1.32 in 2024), above the usual 1.5. Short-term debt is 31.8% and cash 5.1% of total assets. 32.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises 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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 days early
2024
77 days early
2023
75 days early
2022
83 days early
2021
87 days early
2020
53 days early
2019
74 days early
← 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 74 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 15 May (5 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
Board and ownership
HC
HEREMANS CONSULT BV
Chair, Willem Héremans
CB
COREMA BV
Director, Corneel De Maeyer, since 01-01-2026
- STANDAARD BOEKHANDEL 99.85%score 95equity €75.4m (2025) · annual accounts 2025
- ZUIDNEDERLANDSE UITGEVERIJ 0.15%score 97equity €51.4m (2025) · annual accounts 2025
Recent changes
Permanent representatives: Brecht Deketele and Leen Defoer
General meeting of 17-04-2026 · Gazette deed
2 directors appointed, 2 resignations
Permanent representatives: Frans Schotte, Corneel De Maeyer and Willem Héremans · Resignations: KAGEKASBIS BV and Frans Schotte (managing director) · Appointments: COREMA BV and HEREMANS CONSULT BV (chair) · Board meeting of 27-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474323070
Resignation: ASCE BV (director)
Permanent representative: Alexander Dewulf · General meeting of 12-09-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SBL Sint-Niklaas | €10.1m | 3.1% | 67.9% | 53 |
| PALIFOR LOGISTICS Engis | €13.8m | 7.8% | 42.8% | 43.6 |
| DISTRIMEDIA Tielt | €8.2m | 4.0% | 55.5% | 59.8 |
| RIGA LOGISTICS Beveren-Kruibeke-Zwijndrecht | €11.4m | -1.5% | 60.8% | 25.6 |
| TRANSPORT & SUPPLY CHAIN SERVICES CENTER Ghent | €19.4m | 2.2% | 18.6% | 41.2 |
| GATES DISTRIBUTION CENTER Aalst | €13.7m | 4.6% | 1.8% | 124.1 |
| POLYMER CONTRACTORS Beveren-Kruibeke-Zwijndrecht | €10.1m | -0.6% | 12.2% | 32.2 |
Grey: the largest companies of the sector (warehousing and transport support (NACE 52)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SBL: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €3.2m and €9.6m, founded between 1989 and 2003.
Official details
Source: KBO- Status
- Active since 14-03-2001Normal situation
- Activity
- Warehousing and storageNACE 52100and 1 other
- Joint committees
- 226White-collar workers in international trade, transport and logistics
- 140Transport and logistics · annual accounts 2022
- Establishment unit
- 2.093.177.4509140 Temse, since 22-05-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Annual accounts 2025
- €5.9m▼ 19.9%
- Employeeson 31-12-2025
- 59▼ 3.3%
- Filing
- Filed on 20-05-2026, 72 days before the end of the filing period
Insights on SBL
SBL has existed since 2001. Turnover grew from €2.9m in 2006 to €10.1m in 2025 and staff from 28.3 to 53 full-time equivalents.
Solvency rose in 2025 from 51.5% to 67.9% because of the retained profit and lower debts.
STANDAARD BOEKHANDEL holds all the shares. In 2025, three directors stepped down. In October 2024, the Official Gazette published the appointment of UNAWATUNA as managing director.
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 SBL
- What is the company number of SBL?
- The company number of SBL is 0474.323.070. The VAT number is the same number with BE in front: BE 0474.323.070.
- Where is SBL based?
- The registered office is at Industriepark-Noord 28, 9100 Sint-Niklaas.Company details
- What does SBL do?
- According to the KBO register, the main activity is warehousing and storage (NACE 52100).
- What is the legal form of SBL?
- SBL is a public limited company (NV).
- When was SBL founded?
- SBL was founded on 14-03-2001.
- Is SBL still active?
- Yes, SBL is an active enterprise in the KBO register.
- How many employees does SBL have?
- SBL had an average of 53 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SBL fall under?
- In its 2022 annual accounts, SBL states joint committees 226 (White-collar workers in international trade, transport and logistics) and 140 (Transport and logistics).
- What is the turnover of SBL?
- The turnover of SBL was €10.1m in financial year 2025, according to the filed annual accounts.
- Is SBL profitable?
- In financial year 2025, SBL made a profit of €208,278.
- Where can I find the annual accounts of SBL?
- SBL filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SBL due?
- SBL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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