SBM
ActiveSummary
The computed 12-month bankruptcy probability of SBM is 3.6% (moderate). The 2025 annual accounts show equity of €86,257 and a net result of €22,867. Equity has been growing by about 30% per year since 2021. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-08-2020 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.306.096.509 3850 Nieuwerkerken (Limb.), since 07-08-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.6%
- Gross margin
- €44,462
- ▲ 40.0%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €22,867
- ▲ 77.4%
- Equity
- €86,257
- ▲ 36.1%
- Total assets
- €107,466
- ▲ 15.4%
- 2025 accounts filed 76 days after the deadline
Score breakdownraises riskLast filed accounts filed 76 days late; 2 of the last 3 accounts late1 change of registered office in 24 monthsNo main activity registeredlowers riskSize: total assets €107,466Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 81% of them on solvency, 28% on liquidity, 76% on profitability and 83% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 54 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 76 days after the deadline Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00565099.
Annual accounts 2025 filed on 15-10-2026 at the NBB all 5 filings
2021 to 2025, 5 financial years
The operating result for 2025 is 55% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €35,959 | €1,705 | €2,512 | - | - |
| Intangible fixed assets | €16,071 | - | - | - | - |
| Depreciation and write-downs of the year | €6,710 | €8,805 | €9,696 | €10,205 | €10,198 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2,688 | €2,184 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,710 | €8,805 | €9,696 | €10,205 | €10,198 | ▼ 0.1% |
| Other operating charges640/8 | €707 | €588 | €544 | €528 | €1,627 | ▲ 208% |
| Gross operating margin9900 | €43,848 | €34,024 | €21,758 | €31,764 | €44,462 | ▲ 40.0% |
| Operating profit (loss)9901 | €33,742 | €22,446 | €11,518 | €21,031 | €32,637 | ▲ 55.2% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | €371 | €1,399 | €1,083 | €1,387 | €1,594 | ▲ 14.9% |
| Recurring financial charges65 | €371 | €1,399 | €1,083 | €1,387 | €1,594 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €33,371 | €21,048 | €10,435 | €19,644 | €31,043 | ▲ 58.0% |
| Income taxes67/77 | €8,702 | €6,627 | €4,021 | €6,756 | €8,176 | ▲ 21.0% |
| Profit (loss) for the period9904 | €24,668 | €14,420 | €6,414 | €12,888 | €22,867 | ▲ 77.4% |
| Profit (loss) for the period to be appropriated9905 | €24,668 | €14,420 | €6,414 | €12,888 | €22,867 | ▲ 77.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,686 | €88,051 | €84,890 | €93,149 | €107,466 | ▲ 15.4% |
| Fixed assets21/28 | €45,320 | €38,220 | €31,036 | €20,832 | €10,633 | ▼ 49.0% |
| Intangible fixed assets21 | €14,464 | €12,857 | €11,250 | €9,643 | €8,036 | ▼ 16.7% |
| Tangible fixed assets22/27 | €30,856 | €25,363 | €19,786 | €11,189 | €2,598 | ▼ 76.8% |
| Furniture and vehicles24 | €30,856 | €25,363 | €19,786 | €11,189 | €2,598 | ▼ 76.8% |
| Current assets29/58 | €30,366 | €49,831 | €53,854 | €72,317 | €96,833 | ▲ 33.9% |
| Amounts receivable within one year40/41 | €23,125 | €47,559 | €52,466 | €70,552 | €95,151 | ▲ 34.9% |
| Trade receivables40 | - | - | €99 | €258 | €290 | ▲ 12.4% |
| Other amounts receivable41 | €23,125 | €47,559 | €52,367 | €70,294 | €94,861 | ▲ 34.9% |
| Cash at bank and in hand54/58 | €7,242 | €2,273 | €1,388 | €1,765 | €1,682 | ▼ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,686 | €88,051 | €84,890 | €93,149 | €107,466 | ▲ 15.4% |
| Equity10/15 | €29,668 | €44,088 | €50,502 | €63,390 | €86,257 | ▲ 36.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €24,668 | €39,088 | €45,502 | €58,390 | €81,257 | ▲ 39.2% |
| Amounts payable17/49 | €46,018 | €43,963 | €34,388 | €29,759 | €21,209 | ▼ 28.7% |
| Amounts payable after more than one year17 | €24,204 | €17,041 | €9,795 | €2,463 | - | - |
| Financial debts170/4 | €24,204 | €17,041 | €9,795 | €2,463 | - | - |
| Amounts payable within one year42/48 | €21,814 | €26,922 | €24,594 | €27,296 | €21,209 | ▼ 22.3% |
| Current portion of amounts payable after more than one year42 | €7,378 | €7,163 | €8,416 | €7,332 | €2,463 | ▼ 66.4% |
| Trade debts44 | €5,165 | €3,860 | €8,981 | €12,640 | €3,245 | ▼ 74.3% |
| Suppliers440/4 | €5,165 | €3,860 | €8,981 | €12,640 | €3,245 | ▼ 74.3% |
| Taxes, remuneration and social security45 | €9,271 | €15,899 | €7,196 | €7,324 | €15,501 | ▲ 112% |
| Taxes450/3 | €9,271 | €15,899 | €7,196 | €7,324 | €15,501 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,668 | €14,420 | €6,414 | €12,888 | €22,867 | ▲ 77.4% |
| + Depreciation and write-downs630 | €6,710 | €8,805 | €9,696 | €10,205 | €10,198 | ▼ 0.1% |
| Operating cash flow (approximation) | €31,378 | €23,225 | €16,110 | €23,093 | €33,065 | ▲ 43.2% |
| Investment in fixed assets (approximation) | - | -€1,705 | -€2,512 | €0 | €0 | - |
| Change in cash | - | -€4,969 | -€885 | €377 | -€83 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as SBM has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SBM itself is higher: 3.6% within 12 months. It rests on far more data about SBM than the profile alone.
Test of the method
The method was tested on the 497,446 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 SBM. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-10-2026 | 2026-00565099 | |
| 31-12-2024 | micro format | 26-09-2025 | 2025-00514559 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00369940 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00505864 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20304018 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
SBM shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SBM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-11
Gazette deed
Registered office moved from Sint-Truiden to Nieuwerkerken2 points ▸
- General meeting, 23-05-2025
- Registered-office move, 3850 Nieuwerkerken, De Miere 5
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 3800 Sint-Truiden until 23-05-2025 · act of 12-11-2025
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71031B0292/00E000 | Flanders | 442 m² | 1 · 77 m² | - |