Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
SBM CONSTRUCT pays its suppliers 26 days earlier than in 2024. Customers pay 7 days earlier.
Short-term debts fell from €507,484 to €257,711.
The 2018 accounts came latest: 61 days after the end of the period.
Higher solvency than 82% of companies in civil engineering. Sector median 40.1% · 378 companies.
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 42, micro). It does better than 75% of them on solvency, 56% on liquidity, 33% on profitability and 57% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-06-2025.
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).
In July 2024, 6,782 companies had the same profile as SBM CONSTRUCT has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of SBM CONSTRUCT itself: 0.2% within 12 months.
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 6,782 companies, not a prediction for SBM CONSTRUCT. 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.
Liquidity is ample, with a current ratio of 3.39 (2.09 in 2024), above the usual 1.5. Short-term debt is 25.3% and cash 11% of total assets. 33.2% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SBM CONSTRUCT Brussels | €4.4m | 2.7% | 66.8% | - |
| TEAM SERVICES LSA Evere | - | - | 23.6% | - |
| QUALITYFREES Berlare | - | - | 22.3% | 0 |
| LIEMA PROJECTS Tielt | - | - | 44.2% | - |
| ALTAÏS Onhaye | €0.6m | 16.7% | 50.5% | - |
| DIVAGO Mol | - | - | 19.3% | 2.8 |
| Noah Water Solutions Nazareth-De Pinte | - | - | 26.8% | 1.2 |
Grey: the largest companies of the sector (civil engineering (NACE 42)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SBM CONSTRUCT: civil engineering (NACE 42219). They are comparable in size and age: total assets between €488,000 and €917,000, founded between 2014 and 2020.
SBM CONSTRUCT has existed since 2017. In 2020 the gross margin rose from €111,975 to €369,546.
Solvency rose in 2025 from 52.1% to 66.8% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 82% of 378 companies in 2025.
Higher than 79% of 373 companies in 2025.
Higher than 67% of 377 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
1.0m | 1.1m | 746,068 | 1.1m | 1.3m | 1.6m | 517,715 | 675,546 | |
21/28 |
145,954 | 59,203 | 99,643 | 141,433 | 150,439 | 135,843 | 71,197 | 81,778 | |
22/27 |
134,429 | 47,678 | 88,118 | 129,908 | 143,734 | 127,388 | 71,197 | 81,778 | |
23 |
- | 1,043 | - | 308 | 1,542 | 2,775 | - | 2,712 | |
24 |
134,429 | 46,635 | 88,118 | 129,600 | 142,193 | 124,613 | 71,197 | 79,065 | |
28 |
11,525 | 11,525 | 11,525 | 11,525 | 6,705 | 8,455 | - | - | |
29/58 |
873,469 | 1.1m | 646,425 | 946,102 | 1.1m | 1.5m | 446,517 | 593,769 | |
29 |
20,000 | 20,000 | 20,000 | 20,000 | 190,000 | 190,000 | - | - | |
290 |
20,000 | 20,000 | 20,000 | 20,000 | 190,000 | 190,000 | - | - | |
3 |
- | - | - | 86,190 | 86,190 | 86,190 | 86,190 | - | |
30/36 |
- | - | - | 86,190 | 86,190 | 86,190 | 86,190 | - | |
40/41 |
731,417 | 876,273 | 565,270 | 827,767 | 513,118 | 326,283 | 151,371 | 526,256 | |
40 |
340,664 | 397,501 | 208,683 | 518,224 | 152,407 | 104,584 | 68,090 | 400,629 | |
41 |
390,753 | 478,772 | 356,587 | 309,543 | 360,710 | 221,699 | 83,280 | 125,628 | |
54/58 |
111,966 | 157,073 | 56,047 | 5,921 | 332,840 | 895,573 | - | 67,512 | |
490/1 |
10,086 | 8,676 | 5,108 | 6,224 | 11,272 | 7,095 | 208,956 | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
1.0m | 1.1m | 746,068 | 1.1m | 1.3m | 1.6m | 517,715 | 675,546 | |
10/15 |
680,956 | 584,252 | 453,243 | 389,021 | 400,829 | 318,250 | 52,850 | 27,279 | |
10/11 |
18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | |
13 |
15,580 | 15,580 | 15,580 | 15,580 | 15,580 | 28,725 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
132 |
13,720 | 13,720 | 13,720 | 13,720 | 13,720 | 26,865 | - | - | |
14 |
646,776 | 562,472 | 431,463 | 367,241 | 379,049 | 283,325 | 44,790 | 19,219 | |
16 |
- | - | - | - | - | - | 26,865 | 13,720 | |
160/5 |
- | - | - | - | - | - | 26,865 | 13,720 | |
163 |
- | - | - | - | - | - | - | 13,720 | |
164/5 |
- | - | - | - | - | - | 26,865 | - | |
17/49 |
338,467 | 536,974 | 292,824 | 698,514 | 883,031 | 1.3m | 437,999 | 634,547 | |
17 |
80,755 | 29,490 | 62,876 | 95,742 | 79,392 | - | - | - | |
170/4 |
80,755 | 29,490 | 62,876 | 95,742 | 79,392 | - | - | - | |
42/48 |
257,711 | 507,484 | 229,948 | 602,773 | 803,639 | 1.3m | 437,999 | 634,547 | |
43 |
58,754 | 33,386 | 32,866 | 32,353 | 21,154 | - | - | - | |
430/8 |
58,754 | 33,386 | 32,866 | 32,353 | 21,154 | - | - | - | |
44 |
168,024 | 428,307 | 172,182 | 452,345 | 600,215 | 1.1m | 257,363 | 548,731 | |
440/4 |
168,024 | 428,307 | 172,182 | 452,345 | 600,215 | 1.1m | 62,182 | 25,554 | |
441 |
- | - | - | - | - | - | 195,181 | 523,177 | |
45 |
30,934 | 45,790 | 24,900 | 31,885 | 96,080 | 164,501 | 94,446 | 85,817 | |
450/3 |
30,934 | 45,790 | 24,900 | 25,885 | 49,992 | 106,317 | 13,072 | 7,141 | |
454/9 |
- | - | - | 6,000 | 46,088 | 58,184 | 81,374 | 78,675 | |
47/48 |
- | - | - | 86,190 | 86,190 | 86,190 | 86,190 | - | |
| Income statement | |||||||||
70 |
4.4m | 4.1m | 3.3m | 3.8m | 4.2m | 4.3m | - | - | |
76A |
56,126 | 40,309 | 38,814 | 100,109 | 15,857 | 14,794 | - | - | |
9900 |
173,332 | 228,264 | 143,191 | 158,866 | 215,803 | 369,546 | 111,975 | 98,091 | |
60/61 |
4.3m | 3.9m | 3.2m | 3.7m | 4.0m | 3.9m | 2.3m | 2.2m | |
62 |
- | - | - | 6,882 | 37,313 | - | 2,080 | 303 | |
630 |
54,261 | 41,883 | 41,791 | 35,926 | 40,551 | 44,530 | 54,326 | 45,338 | |
640/8 |
288 | 188 | 4,498 | 45,612 | 8,397 | 7,622 | 2,080 | 8,938 | |
9901 |
118,783 | 186,193 | 96,903 | 70,446 | 129,542 | 317,394 | 53,489 | 43,512 | |
75/76B |
1,953 | 52 | 127 | 220 | 1,487 | 14,886 | - | 373 | |
75 |
1,953 | 52 | 127 | 220 | 1,487 | 14,886 | - | 373 | |
65/66B |
5,498 | 9,446 | 7,906 | 8,958 | 1,023 | 500 | 299 | 2,068 | |
65 |
5,498 | 9,446 | 7,906 | 8,958 | 1,023 | 500 | 299 | 2,068 | |
9903 |
115,238 | 176,799 | 89,123 | 61,707 | 130,006 | 331,781 | 53,190 | 41,818 | |
67/77 |
30,934 | 45,790 | 24,900 | 73,515 | 47,427 | 93,246 | 14,474 | 7,019 | |
9904 |
84,304 | 131,008 | 64,223 | -11,808 | 82,579 | 238,535 | 25,571 | 21,079 | |
789 |
- | - | - | - | 13,145 | - | - | - | |
9905 |
84,304 | 131,008 | 64,223 | -11,808 | 95,724 | 238,535 | 25,571 | 21,079 | |
| Appropriation of the result | |||||||||
9906 |
646,776 | 562,472 | 431,463 | 367,241 | 379,049 | 283,325 | 44,790 | 21,079 | |
14P |
562,472 | 431,463 | 367,241 | 379,049 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
| Document | |||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 12-01-2026 | 2026-00010416 | |
| 30-06-2024 | full format | 22-01-2025 | 2025-00010041 | |
| 30-06-2023 | full format | 09-01-2024 | 2024-00546635 | |
| 30-06-2022 | full format | 18-01-2023 | 2023-00001181 | |
| 30-06-2021 | full format | 11-01-2022 | 2022-00800403 | |
| 30-06-2020 | full format | 30-01-2021 | 2021-03800180 | |
| 30-06-2019 | micro format | 26-02-2020 | 2020-05700510 | |
| 30-06-2018 | micro format | 02-04-2019 | 2019-09000377 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 173,044 | 228,076 | 138,693 | 106,371 | 170,093 | 361,924 | 107,815 | 88,850 | ||
| 138,565 | 172,892 | 106,013 | 24,117 | 123,130 | 283,065 | 79,897 | 66,416 | ||
| 141,012 | 1,444 | 0 | 56,479 | 114,528 | 109,175 | 43,746 | 127,115 | ||
| -45,107 | 101,026 | 50,127 | -326,919 | -562,733 | - | - | - | ||
| 615,757 | 554,538 | 416,477 | 343,329 | 329,781 | 182,408 | 8,518 | -40,779 | ||
| 2.7% | 4.5% | 2.9% | 1.9% | 3.1% | 7.5% | - | - | ||
| 66.8% | 52.1% | 60.8% | 35.8% | 31.2% | 19.4% | 10.2% | 4.0% | ||
| 3.39 | 2.09 | 2.81 | 1.57 | 1.41 | 1.14 | 1.02 | 0.94 | ||
| 3.39 | 2.09 | 2.81 | 1.43 | 1.30 | 1.07 | 0.82 | 0.94 | ||
| 0.50 | 0.92 | 0.65 | 1.80 | 2.20 | 4.16 | 8.29 | 23.26 | ||
| 12.4% | 22.4% | 14.2% | -3.0% | 20.6% | 75.0% | 48.4% | 77.3% | ||
| 8.3% | 11.7% | 8.6% | -1.1% | 6.4% | 14.5% | 4.9% | 3.1% | ||
| 31.47 | 24.14 | 17.54 | 11.87 | - | - | - | - | ||
| 28 days | 35 days | 23 days | 50 days | 13 days | 9 days | - | - | ||
| 14 days | 40 days | 20 days | 45 days | 55 days | 100 days | 40 days | 90 days |
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.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €141,012 | €1,444 | - | €51,659 |
| Financial fixed assets | - | - | - | €4,820 |
| €54,261 | €41,883 | €41,791 | €35,926 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 36% lower than in 2024.
Debt's share of the balance-sheet total falls from 47.9% to 33.2%. Equity is higher and debt is lower.
1°/ d’adapter les statuts aux dispositions du Code des Sociétés et des Associations, de conserver la forme légale de la société à responsabilité limitée (en abrégé SRL) et de modifier ou confirmer les pouvoirs de représentations afin de permettre à un administrateur de représenter seul la société 2°/ de constater que le capital effectivement libéré et la réserve légale de la société ont été convertis de plein droit en un compte de capitaux propres statutairement indisponible et que la partie non encore libérée du capital a été convertie en un compte de capitaux propres “apports non appelés”, en application de la loi.
SBM CONSTRUCT has no parent and no holdings in its annual accounts.
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See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bischoffsheimlaan 39 registered office 1000 Brussels | ||
| Wijmenstraat 21K 9030 Ghent 2511001 Manufacture of metal structures and parts of structures | 03-02-2017 | 2.262.307.343 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 |
| 44038A0001/00B004 | Flanders | 281 m² | 1 · 210 m² | 12.7 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0670.728.175
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