SBM+
ActiveSummary
SBM+ has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-11k) and a net result of €-555k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-18
Solvency0▼-100
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 10 filingsDeviation from the deadline
2025
3 d late
2024
14 d early
2023
40 d early
2022
26 d early
2021
48 d early
2020
29 d early
2019
18 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-11k
2024 · €544k
2018: €84k
2019: €-327k▼ -488% vs 2018lowest in 8 years
2020: €-242k▲ +26.0% vs 2019
2021: €547k▲ +326% vs 2020highest in 8 years
2022: €536k▼ -2.1% vs 2021
2023: €545k▲ +1.7% vs 2022
2024: €544k▼ -0.2% vs 2023
2025: €-11k▼ -102% vs 2024
2018 → 2025
Total assets
€5k▼ 99.2%
2024 · €549k
2018: €1.29Mhighest in 8 years
2019: €1.29M● 0.0% vs 2018highest in 8 years
2020: €548k▼ -57.4% vs 2019
2021: €769k▲ +40.5% vs 2020
2022: €766k▼ -0.5% vs 2021
2023: €756k▼ -1.3% vs 2022
2024: €549k▼ -27.3% vs 2023
2025: €5k▼ -99.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-555k▼ 49,492%
2024 · €-1k
2018: €-319k
2019: €-330k▼ -3.6% vs 2018
2020: €85k▲ +126% vs 2019
2021: €789k▲ +828% vs 2020highest in 8 years
2022: €-12k▼ -101% vs 2021
2023: €9k▲ +180% vs 2022
2024: €-1k▼ -112% vs 2023
2025: €-555k▼ -49492% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-1k
2024 · €543k
2018: €684k
2019: €753k▲ +10.1% vs 2018highest in 8 years
2020: €278k▼ -63.1% vs 2019
2021: €535k▲ +92.4% vs 2020
2022: €687k▲ +28.5% vs 2021
2023: €749k▲ +9.0% vs 2022
2024: €543k▼ -27.5% vs 2023
2025: €-1k▼ -100% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€547k-€536k▼ 2.1%€545k▲ 1.7%€544k▼ 0.2%€-11k
2021: €547khighest in 5 years
2022: €536k▼ -2.1% vs 2021
2023: €545k▲ +1.7% vs 2022
2024: €544k▼ -0.2% vs 2023
2025: €-11k▼ -102% vs 2024lowest in 5 years
Operating result€850k-€-17k€-10k▲ 41.4%€-21k▼ 112%€-554k▼ 2,558%
2021: €850khighest in 5 years
2022: €-17k▼ -102% vs 2021
2023: €-10k▲ +41.4% vs 2022
2024: €-21k▼ -112% vs 2023
2025: €-554k▼ -2558% vs 2024lowest in 5 years
Net result€789k-€-12k€9k€-1k€-555k▼ 49,492%
2021: €789khighest in 5 years
2022: €-12k▼ -101% vs 2021
2023: €9k▲ +180% vs 2022
2024: €-1k▼ -112% vs 2023
2025: €-555k▼ -49492% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €554k in 2025 against €21k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
EBITDA
€-554k▼
2024 · €-20k
Cash flow
€-554k▼
2024 · €-677
Interest coverage
-720.56▼
2024 · -2.55
Debt
€16k▲
2024 · €5k
Debt ≤ 1 year
€6k▲
2024 · €5k
Debt > 1 year
€9k▲
2024 · €0
Staff costs
€-105▼
2024 · €318
Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€549k€5k▼
Fixed assets21/28€410€0▼
Tangible fixed assets22/27€410€0▼
Furniture and vehicles24€410€0▼
Current assets29/58€549k€5k▼
Amounts receivable after more than one year29€548k€916▼
Other amounts receivable291€548k€916▼
Amounts receivable within one year40/41€107€4k▲
Trade receivables40€0€4k▲
Other amounts receivable41€107€73▼
Deferred charges and accrued income490/1€997€0▼
Equity and liabilities
Total equity and liabilities10/49€549k€5k▼
Equity10/15€544k€-11k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€522k€-33k▼
Amounts payable17/49€5k€16k▲
Amounts payable after more than one year17€0€9k▲
Other amounts payable178/9€0€9k▲
Amounts payable within one year42/48€5k€6k▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Accrued charges and deferred income492/3-€213
Income statement
Code20242025
Remuneration, social security and pensions62€318€-105▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€442€410▼
Other operating charges640/8€13k€2k▼
Non-recurring operating charges66A-€548k
Gross operating margin9900€-7k€-5k▲
Operating profit (loss)9901€-21k€-554k▼
Financial income75/76B€28k€175▼
Recurring financial income75€28k€175▼
Financial charges65/66B€8k€768▼
Recurring financial charges65€8k€768▼
Profit (loss) for the period before taxes9903€-1k€-555k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-1k€-555k▼
Profit (loss) for the period to be appropriated9905€-1k€-555k▼
Appropriation of the result
Profit (loss) to be appropriated9906€522k€-33k▼
Profit (loss) brought forward from the previous period14P€523k€522k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €841k | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €200k | €70k | €45k | €318 | €-105 | ▼ 133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €12k | €504 | €442 | €410 | ▼ 7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-18k | €0 | - | - | - | - |
| Other operating charges640/8 | €2k | €2k | €995 | €13k | €2k | ▼ 88.2% |
| Non-recurring operating charges66A | €18k | €0 | - | - | €548k | - |
| Gross operating margin9900 | €1.07M | €67k | €37k | €-7k | €-5k | ▲ 34.3% |
| Operating profit (loss)9901 | €850k | €-17k | €-10k | €-21k | €-554k | ▼ 2,558% |
| Financial income75/76B | €5k | €9k | €29k | €28k | €175 | ▼ 99.4% |
| Recurring financial income75 | €5k | €9k | €29k | €28k | €175 | ▼ 99.4% |
| Financial charges65/66B | €6k | €4k | €8k | €8k | €768 | ▼ 90.4% |
| Recurring financial charges65 | €6k | €4k | €8k | €8k | €768 | ▼ 90.4% |
| Profit (loss) for the period before taxes9903 | €849k | €-11k | €11k | €-1k | €-555k | ▼ 49,492% |
| Income taxes67/77 | €60k | €55 | €2k | €0 | - | - |
| Profit (loss) for the period9904 | €789k | €-12k | €9k | €-1k | €-555k | ▼ 49,492% |
| Profit (loss) for the period to be appropriated9905 | €789k | €-12k | €9k | €-1k | €-555k | ▼ 49,492% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €769k | €766k | €756k | €549k | €5k | ▼ 99.2% |
| Fixed assets21/28 | €12k | €1k | €852 | €410 | €0 | ▼ 100% |
| Intangible fixed assets21 | €7k | €62 | €0 | - | - | - |
| Tangible fixed assets22/27 | €5k | €1k | €852 | €410 | €0 | ▼ 100% |
| Furniture and vehicles24 | €188 | €1k | €852 | €410 | €0 | ▼ 100% |
| Leasing and similar rights25 | €5k | €0 | - | - | - | - |
| Current assets29/58 | €757k | €764k | €755k | €549k | €5k | ▼ 99.2% |
| Amounts receivable after more than one year29 | - | €664k | €693k | €548k | €916 | ▼ 99.8% |
| Other amounts receivable291 | - | €664k | €693k | €548k | €916 | ▼ 99.8% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €755k | €93k | €59k | €107 | €4k | ▲ 3,284% |
| Trade receivables40 | €753k | €88k | €59k | €0 | €4k | - |
| Other amounts receivable41 | €3k | €5k | €150 | €107 | €73 | ▼ 31.9% |
| Cash at bank and in hand54/58 | - | €80 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | €2k | €7k | €2k | €997 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €769k | €766k | €756k | €549k | €5k | ▼ 99.2% |
| Equity10/15 | €547k | €536k | €545k | €544k | €-11k | ▼ 102% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €525k | €514k | €523k | €522k | €-33k | ▼ 106% |
| Amounts payable17/49 | €222k | €230k | €211k | €5k | €16k | ▲ 187% |
| Amounts payable after more than one year17 | €0 | €153k | €205k | €0 | €9k | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Other amounts payable178/9 | €0 | €153k | €205k | €0 | €9k | - |
| Amounts payable within one year42/48 | €222k | €77k | €5k | €5k | €6k | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | €6k | €0 | - | - | - | - |
| Trade debts44 | €102k | €6k | €3k | €4k | €6k | ▲ 68.5% |
| Suppliers440/4 | €102k | €6k | €3k | €4k | €6k | ▲ 68.5% |
| Taxes, remuneration and social security45 | €115k | €71k | €2k | €2k | €0 | ▼ 100% |
| Taxes450/3 | €74k | €60k | €2k | €2k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €41k | €11k | €0 | - | - | - |
| Other amounts payable47/48 | €0 | €125 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €213 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €789k | €-12k | €9k | €-1k | €-555k | ▼ 49,492% |
| + Depreciation and write-downs630 | €18k | €12k | €504 | €442 | €410 | ▼ 7.1% |
| Operating cash flow (approximation) | €807k | €479 | €10k | €-677 | €-554k | ▼ 81,795% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €0 | - |
| Change in cash | - | - | €-80 | - | - | - |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-555k
Net result drops to €-555k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity times 14current ratio 142.74
Current ratio from 9.93 to 142.74; short-term debt falls from €77k to €5k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 9.93
Current ratio from 3.41 to 9.93; short-term debt falls from €222k to €77k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €789k ▲828%
Operating result €850k, net result €789k, both a record.
31-12
Financial
Equity above €500kEq €547k
2 profitable years in a row build equity to €547k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Back to profitnet €85k
Net result €85k after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Zoersel · 1 establishment unit since 2007
Ground area
7,818 m²
Building footprint
1,009 m²
Volume, LiDAR
7,463 m³
Parcel 11453I0384/00A002, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Kapellei 157, 2980 Zoersel
since 20072.262.230.436
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11453I0384/00A002 | Flanders | 7,818 m² | 1 · 1,009 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
ROSENBERG BELGIUM
BE 0438.682.104
Ninove · Eq €544k
FIDUCIA CONCEPTS
BE 0465.687.793
Merelbeke-Melle · Eq €546k
C.L.P.T.
BE 0476.174.681
Torhout · Eq €541k
TRANSFORM
BE 0429.611.515
Wezembeek-Oppem · Eq €547k
SCHELFHOUT
BE 0422.548.331
Aalst · Eq €539k
Of 1,804 companies in sector 46831 we hold annual accounts for 1,397. 1,029 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
Founded01-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46130Agents in the wholesale of timber and building materials
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.