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SBM

Stavelot ·KBO/BCE: BE 0427.888.378

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Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	394,007	398,376	488,218	322,688	325,471	452,500	562,828	574,692	553,387	633,316	695,351	767,669	481,162	482,081	449,313	448,367	451,670	417,879	431,473	444,253
`21/28`	19,064	39,663	44,135	10,267	10,267	11,122	11,122	15,400	20,533	20,533	20,533	24,583	29,231	167,042	134,042	134,042	134,042	134,042	134,042	144,843
`22/27`	19,064	39,663	44,135	10,267	10,267	11,122	11,122	15,400	20,533	20,533	20,533	20,533	20,533	158,055	125,055	125,055	125,055	125,055	125,055	135,856
`22`	10,267	10,267	10,267	10,267	10,267	11,122	11,122	15,400	20,533	20,533	20,533	20,533	20,533	95,527	62,527	62,527	62,527	62,527	62,527	67,527
`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	61,685	61,685	61,685	61,685	61,685	61,685	61,685
`24`	5,877	26,096	30,189	-	-	-	-	-	-	-	-	-	-	843	843	843	843	843	843	6,644
`26`	2,920	3,300	3,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	-	-	-	-	-	-	-	-	-	-	-	4,050	8,698	8,987	8,987	8,987	8,987	8,987	8,987	8,987
`29/58`	374,943	358,714	444,083	312,422	315,205	441,378	551,706	559,292	532,854	612,783	674,818	743,086	451,931	315,039	315,271	314,325	317,628	283,837	297,431	299,410
`3`	23,333	23,333	23,333	23,333	23,333	23,333	23,333	23,333	23,333	23,333	459,917	459,917	152,132	35,000	35,000	35,000	35,000	-	-	-
`30/36`	23,333	23,333	23,333	23,333	23,333	23,333	23,333	23,333	23,333	23,333	459,917	459,917	152,132	35,000	35,000	35,000	35,000	-	-	-
`40/41`	307,057	297,574	261,716	279,248	279,466	330,996	504,199	507,294	498,068	502,466	203,729	269,220	298,607	278,513	278,880	279,056	281,435	283,543	292,888	293,523
`40`	145,268	146,527	144,898	144,898	144,898	144,898	346,250	346,858	344,355	344,525	-	40,839	142,042	269,114	269,114	269,626	272,210	274,166	284,100	293,514
`41`	161,789	151,046	116,819	134,350	134,568	186,099	157,949	160,436	153,713	157,941	203,729	228,381	156,565	9,399	9,766	9,430	9,225	9,377	8,788	9
`54/58`	44,552	32,333	5,826	364	2,049	76,374	13,628	18,036	825	75,577	982	1,443	1,191	1,526	1,391	269	1,193	294	4,543	5,887
`490/1`	0	5,473	153,208	9,477	10,356	10,674	10,545	10,628	10,628	11,407	10,190	12,506	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	394,007	398,376	488,218	322,688	325,471	452,500	562,828	574,692	553,387	633,316	695,351	767,669	481,162	482,081	449,313	448,367	451,670	417,879	431,473	444,253
`10/15`	-90,334	-74,512	-46,622	-171,320	-147,825	-121,286	-150,034	-172,602	-180,193	-143,603	36,443	94,502	123,519	227,280	240,977	254,819	260,574	270,133	289,284	296,037
`10/11`	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372
`10`	250,372	250,372	250,372	250,372	250,372	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372	250,372
`13`	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581	27,581
`130/1`	16,922	16,922	26,837	16,922	16,922	16,922	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	16,922	16,922	16,922	16,922	16,922	16,922	16,922	16,922	16,922	16,922	16,922	16,922	16,922	16,921	16,921	16,921	16,921	16,921	16,921	16,921
`1311`	-	0	9,916	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	744	744	744	744	744	744	744	744	744	744	744	744	744	744	744	744	744	744	744	744
`133`	9,916	9,916	-	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916
`14`	-368,288	-352,465	-324,575	-449,273	-425,779	-399,240	-427,987	-450,556	-458,147	-421,557	-241,510	-183,451	-154,434	-50,673	-36,976	-23,134	-17,379	-7,820	11,331	18,084
`17/49`	484,341	472,888	534,839	494,008	473,297	573,787	712,861	747,294	733,580	776,920	658,908	673,167	357,642	254,801	208,336	193,548	191,096	147,746	142,189	148,216
`17`	365,767	365,767	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`178/9`	365,767	365,767	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	101,237	88,979	515,819	476,427	454,189	551,878	691,660	723,768	702,184	751,303	637,698	659,035	357,642	254,801	208,336	193,548	191,096	147,746	142,189	148,216
`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,500
`43`	-	-	-	-	-	-	-	-	-	-	-	-	18,232	199,008	185,741	138,048	133,017	111,279	106,630	103,210
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	18,232	19,818	18,551	24,358	19,327	111,279	106,630	103,210
`439`	-	-	-	-	-	-	-	-	-	-	-	-	-	179,190	167,190	113,690	113,690	-	-	-
`44`	0	6,135	8,056	4,318	266	1,550	-	614	648	638	71,066	110,846	84,985	55,793	22,595	55,500	58,079	12,310	7,647	8,397
`440/4`	0	6,135	8,056	4,318	266	1,550	-	614	648	638	71,066	110,846	84,985	55,793	22,595	55,500	58,079	12,310	7,647	8,397
`45`	0	886	-	-	-	747	-	-	-	69,953	6,142	-	1,050	-	-	-	-	-	2,255	10,952
`450/3`	0	886	-	-	-	747	-	-	-	69,953	6,142	-	1,050	-	-	-	-	-	2,255	10,952
`47/48`	101,237	81,958	507,763	472,110	453,923	549,581	691,660	723,154	701,536	680,711	560,489	548,188	253,375	-	-	-	-	24,157	24,157	24,157
`492/3`	17,338	18,143	19,020	17,580	19,108	21,909	21,201	23,526	31,396	25,617	21,210	14,132	-	-	-	-	-	-	-	-
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	16,832	-	-	-	-	-	7,500	-
`9900`	725	-6,117	144,558	-10,052	-10,699	46,236	20,595	26,648	-12,072	-143,478	-17,837	-20,154	24,732	-11,110	-10,743	-3,182	-6,110	-11,841	-12,074	23,917
`630`	2,817	7,472	4,147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,487
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-3,900	-	-	-	-	-	-	8,843
`640/8`	400	550	995	348	1,203	348	348	348	888	6,413	14,139	702	67,512	348	-	-	348	512	-	85
`66A`	-	-	-	-	-	-	-	-	-	-	7,411	-	78,221	-	174	-	120	3,864	4,354	3,455
`9901`	-2,492	-14,139	139,416	-10,400	-11,902	45,888	20,247	26,301	-12,960	-149,891	-31,976	-20,855	-38,879	-11,458	-10,743	-3,182	-6,458	-12,353	-12,074	5,502
`75/76B`	5,895	4,844	4,748	5,121	6,000	6,318	32,493	6,272	6,329	7,179	8,176	8,307	1	45	1	-	1	1	2	3,018
`75`	5,895	4,844	4,748	5,121	6,000	6,318	6,180	6,272	6,329	7,179	8,176	8,307	1	45	1	-	1	1	2	3,018
`76B`	-	-	0	0	-	-	26,313	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	19,226	18,595	19,466	18,216	20,637	23,459	30,172	24,982	29,959	37,335	22,566	16,467	3,494	2,284	2,926	2,573	2,982	2,935	1,688	3,200
`65`	19,226	18,595	19,466	18,216	20,637	23,459	30,172	24,982	29,959	37,335	22,566	16,467	3,494	2,284	2,926	2,573	2,982	2,935	1,688	3,200
`9903`	-15,823	-27,890	124,698	-23,494	-26,539	28,747	22,568	7,591	-36,590	-180,046	-53,777	-29,015	-103,761	-13,697	-13,842	-5,755	-9,559	-19,151	-10,614	1,865
`67/77`	-	-	-	-	-	-	-	-	-	0	4,282	2	0	-	-	-	-	-	-3,861	89
`9904`	-15,823	-27,890	124,698	-23,494	-26,539	28,747	22,568	7,591	-36,590	-180,046	-58,059	-29,017	-103,761	-13,697	-13,842	-5,755	-9,559	-19,151	-6,753	1,776
`9905`	-15,823	-27,890	124,698	-23,494	-26,539	28,747	22,568	7,591	-36,590	-180,046	-58,059	-29,017	-103,761	-13,697	-13,842	-5,755	-9,559	-19,151	-6,753	1,776
Appropriation of the result
`9906`	-368,288	-352,465	-324,575	-449,273	-425,779	-399,240	-427,987	-450,556	-458,147	-421,557	-241,510	-183,451	-154,434	-50,673	-36,976	-23,134	-17,379	-7,820	11,331	18,084
`14P`	-352,465	-324,575	-449,273	-425,779	-399,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00506565	PDF
31-12-2024	micro format	30-09-2025	2025-00519428	PDF
31-12-2023	micro format	18-07-2024	2024-00257920	PDF
31-12-2022	micro format	28-06-2023	2023-00166728	PDF
31-12-2021	micro format	28-06-2022	2022-20109212	PDF
31-12-2020	micro format	17-09-2021	2021-67500281	PDF
31-12-2019	micro format	13-10-2020	2020-61300009	PDF
31-12-2018	micro format	26-07-2019	2019-39300136	PDF
31-12-2017	micro format	27-07-2018	2018-40600213	PDF
31-12-2016	full format	14-07-2017	2017-32600168	PDF
31-12-2015	full format	01-07-2016	2016-27000358	PDF
31-12-2014	full format	24-07-2015	2015-34500301	PDF
31-12-2013	full format	28-01-2015	2015-03000379	PDF
31-12-2012	full format	07-02-2014	2014-03100048	PDF
31-12-2011	full format	06-12-2012	2012-66100187	PDF
31-12-2010	full format	05-01-2012	2012-00500110	PDF
31-12-2009	full format	23-08-2011	2011-45700379	PDF
31-12-2008	full format	23-09-2009	2009-77000299	PDF
31-12-2007	full format	12-11-2008	2008-81200097	PDF
31-12-2006	full format	14-12-2007	2007-83100107	PDF
31-12-2005	full format	16-11-2006	2006-87405139	PDF
31-12-2004	full format	29-07-2005	2005-61400766	PDF
31-12-2003	full format	26-08-2004	2004-61502385	PDF
31-12-2002	full format	10-09-2003	2003-65801938	PDF
31-12-2001	full format	20-09-2002	2002-57603836	PDF
31-12-2000	full format	27-11-2001	2001-71604308	PDF
31-12-1999	full format	26-07-2000	2000-45400210	PDF
31-12-1998	full format	22-07-1999	1999-35700295	PDF
31-12-1997	full format	14-07-1998	1998-32501909	PDF
31-12-1996	full format	27-08-1997	1997-39700254	PDF
31-12-1995	full format	28-06-1996	1996-22905115	PDF
31-12-1994	full format	04-07-1995	1995-34901748	PDF
31-12-1993	full format	17-08-1994	1994-36200218	PDF
31-12-1992	full format	19-07-1993	1993-27105348	PDF
31-12-1991	full format	22-07-1992	1992-23605242	PDF
31-12-1990	full format	26-08-1991	1991-23402352	PDF
31-12-1989	full format	20-06-1990	1990-10504306	PDF
31-12-1988	full format	19-07-1989	1989-17902566	PDF
31-12-1987	full format	24-06-1988	1988-10504713	PDF
31-12-1986	full format	07-07-1987	1987-15900986	PDF
31-12-1985	full format	22-07-1986	1986-30502240	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
325	-6,667	143,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,989
-13,005	-20,418	128,845	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,263
-17,781	3,000	38,016	-	-	-	-	-	-	-	-	-	-	33,000	-	-	-	-	-	-
12,219	26,508	5,462	-1,686	-74,325	62,746	-4,408	17,211	-74,752	74,595	-462	252	-335	135	1,122	-924	899	-4,249	-1,344	-
273,706	269,735	-71,736	-164,006	-138,984	-110,500	-139,954	-164,476	-169,330	-138,519	37,120	84,052	94,288	60,238	106,935	120,777	126,532	136,091	155,242	151,194
-22.9%	-18.7%	-9.5%	-53.1%	-45.4%	-26.8%	-26.7%	-30.0%	-32.6%	-22.7%	5.2%	12.3%	25.7%	47.1%	53.6%	56.8%	57.7%	64.6%	67.0%	66.6%
3.70	4.03	0.86	0.66	0.69	0.80	0.80	0.77	0.76	0.82	1.06	1.13	1.26	1.24	1.51	1.62	1.66	1.92	2.09	2.02
3.47	3.77	0.82	0.61	0.64	0.76	0.76	0.74	0.73	0.78	0.34	0.43	0.84	1.10	1.35	1.44	1.48	1.92	2.09	2.02
-	-	-	-	-	-	-	-	-	-	18.08	7.12	2.90	1.12	0.86	0.76	0.73	0.55	0.49	0.50
-	-	-	-	-	-	-	-	-	-	-159.3%	-30.7%	-84.0%	-6.0%	-5.7%	-2.3%	-3.7%	-7.1%	-2.3%	0.6%
-4.0%	-7.0%	25.5%	-7.3%	-8.2%	6.4%	4.0%	1.3%	-6.6%	-28.4%	-8.3%	-3.8%	-21.6%	-2.8%	-3.1%	-1.3%	-2.1%	-4.6%	-1.6%	0.4%
0.02	-0.36	7.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€3,000	€38,016	-	-
	€2,817	€7,472	€4,147	-	-

SBM

Annual accounts 2025

Balance sheet

in euro

in euro

Position in the sector

-22.9%

3.70

-4.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SBM

Next steps

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-22.9%

Current ratio3.70

Return on assets-4.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SBM

Next steps

in euro

in euro

-22.9%

3.70

-4.0%