SBMed
ActiveSummary
The computed 12-month bankruptcy probability of SBMed is 2.5% (moderate). The 2025 annual accounts show equity of €2k and a net result of €142k. Equity is shrinking by ~27.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency26=
Growth72▲+14
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.8%
Return on assets
56.9%
Age of the figures
12 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
8 d early
2023
39 d early
2022
44 d early
2021
30 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€307k▲ 297%
2021 · €77k
2021: €77k
2025: €307k
2021 → 2025
EBIT margin
63.8%▲ 16.8pp
2021 · 47.0%
2021: 47.0%
2025: 63.8%
2021 → 2025
Net result
€142k▲ 90.5%
2024 · €75k
2021: €28klowest in 5 years
2022: €42k▲ +48.2% vs 2021
2023: €108k▲ +155% vs 2022
2024: €75k▼ -30.8% vs 2023
2025: €142k▲ +90.5% vs 2024highest in 5 years
2021 → 2025
Working capital
€-21k▲ 42.0%
2024 · €-36k
2021: €-5k
2022: €68k▲ +1591% vs 2021
2023: €109k▲ +60.3% vs 2022highest in 5 years
2024: €-36k▼ -133% vs 2023lowest in 5 years
2025: €-21k▲ +42.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€77k-€307k
2021: €77k
2025: €307k
Equity€30k-€73k▲ 138%€150k▲ 107%€2k▼ 98.7%€2k=
2021: €30k
2022: €73k▲ +138% vs 2021
2023: €150k▲ +107% vs 2022highest in 5 years
2024: €2k▼ -98.7% vs 2023lowest in 5 years
2025: €2k● 0.0% vs 2024lowest in 5 years
Operating result€36k-€56k▲ 53.2%€129k▲ 132%€143k▲ 10.9%€196k▲ 36.5%
2021: €36klowest in 5 years
2022: €56k▲ +53.2% vs 2021
2023: €129k▲ +132% vs 2022
2024: €143k▲ +10.9% vs 2023
2025: €196k▲ +36.5% vs 2024highest in 5 years
Net result€28k-€42k▲ 48.2%€108k▲ 155%€75k▼ 30.8%€142k▲ 90.5%
2021: €28klowest in 5 years
2022: €42k▲ +48.2% vs 2021
2023: €108k▲ +155% vs 2022
2024: €75k▼ -30.8% vs 2023
2025: €142k▲ +90.5% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250k
Fixed assets
€74k ▼ 29.7%
Current assets
€176k ▼ 8.0%
Equity and liabilities €250k
Equity
€2k =
Debt
€248k ▼ 15.8%
Debt's share of the balance-sheet total falls from 99.3% to 99.2%. Debt is lower.
Key figures and ratios
EBITDA
€227k▲
2024 · €174k
Cash flow
€173k▲
2024 · €106k
Current ratio
0.89▲
2024 · 0.84
ROA
56.9%▲
2024 · 25.2%
Interest coverage
76.38▲
2024 · 3.93
Debt ≤ 1 year
€197k▼
2024 · €228k
Debt > 1 year
€51k▼
2024 · €66k
Income taxes
€51k▲
2024 · €25k
A ratio outside any meaningful range has been withheld (balance sheet total €250k, equity €2k).
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€296k€250k▼
Fixed assets21/28€105k€74k▼
Tangible fixed assets22/27€105k€74k▼
Land and buildings22€56k€50k▼
Furniture and vehicles24€49k€24k▼
Current assets29/58€191k€176k▼
Amounts receivable within one year40/41€930€22k▲
Trade receivables40€930€20k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€130k€31k▼
Deferred charges and accrued income490/1€60k€123k▲
Equity and liabilities
Total equity and liabilities10/49€296k€250k▼
Equity10/15€2k€2k=
Contributions10/11€2k€2k=
Amounts payable17/49€294k€248k▼
Amounts payable after more than one year17€66k€51k▼
Financial debts170/4€66k€51k▼
Amounts payable within one year42/48€228k€197k▼
Current portion of amounts payable after more than one year42€24k€16k▼
Trade debts44€79€15k▲
Suppliers440/4€79€15k▲
Taxes, remuneration and social security45€47k€24k▼
Taxes450/3€47k€24k▼
Other amounts payable47/48€156k€142k▼
Income statement
Code20242025
Turnover70-€307k
Goods, raw materials, services and sundry goods60/61-€88k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▲
Other operating charges640/8-€387
Gross operating margin9900€174k€227k▲
Operating profit (loss)9901€143k€196k▲
Financial income75/76B€650€0▼
Recurring financial income75€650€0▼
Financial charges65/66B€44k€3k▼
Recurring financial charges65€44k€3k▼
Profit (loss) for the period before taxes9903€100k€193k▲
Income taxes67/77€25k€51k▲
Profit (loss) for the period9904€75k€142k▲
Profit (loss) for the period to be appropriated9905€75k€142k▲
Appropriation of the result
Profit (loss) to be appropriated9906€223k€142k▼
Profit (loss) brought forward from the previous period14P€148k€0▼
Profit to be distributed694/7€223k€142k▼
Return on contributions (dividend)694€223k€142k▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €77k | - | - | - | €307k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €88k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €8k | €11k | €31k | €31k | ▲ 0.1% |
| Other operating charges640/8 | - | €787 | €63 | - | €387 | - |
| Gross operating margin9900 | €40k | €64k | €140k | €174k | €227k | ▲ 30.2% |
| Operating profit (loss)9901 | €36k | €56k | €129k | €143k | €196k | ▲ 36.5% |
| Financial income75/76B | - | - | €363 | €650 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | - | €363 | €650 | €0 | ▼ 100% |
| Financial charges65/66B | - | €425 | €1k | €44k | €3k | ▼ 93.3% |
| Recurring financial charges65 | €8 | €425 | €1k | €44k | €3k | ▼ 93.3% |
| Profit (loss) for the period before taxes9903 | €36k | €55k | €128k | €100k | €193k | ▲ 93.5% |
| Income taxes67/77 | €8k | €13k | €21k | €25k | €51k | ▲ 102% |
| Profit (loss) for the period9904 | €28k | €42k | €108k | €75k | €142k | ▲ 90.5% |
| Profit (loss) for the period to be appropriated9905 | €28k | €42k | €108k | €75k | €142k | ▲ 90.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69k | €115k | €295k | €296k | €250k | ▼ 15.7% |
| Fixed assets21/28 | €35k | €27k | €132k | €105k | €74k | ▼ 29.7% |
| Tangible fixed assets22/27 | €35k | €27k | €132k | €105k | €74k | ▼ 29.7% |
| Land and buildings22 | - | - | €59k | €56k | €50k | ▼ 11.4% |
| Furniture and vehicles24 | - | €27k | €73k | €49k | €24k | ▼ 50.8% |
| Current assets29/58 | €34k | €88k | €163k | €191k | €176k | ▼ 8.0% |
| Amounts receivable within one year40/41 | €30k | €53k | - | €930 | €22k | ▲ 2,320% |
| Trade receivables40 | - | €53k | - | €930 | €20k | ▲ 2,030% |
| Other amounts receivable41 | - | - | - | - | €3k | - |
| Cash at bank and in hand54/58 | €2k | €33k | €103k | €130k | €31k | ▼ 76.2% |
| Deferred charges and accrued income490/1 | - | €2k | €60k | €60k | €123k | ▲ 104% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69k | €115k | €295k | €296k | €250k | ▼ 15.7% |
| Equity10/15 | €30k | €73k | €150k | €2k | €2k | = |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €28k | €71k | €148k | - | - | - |
| Amounts payable17/49 | €38k | €43k | €144k | €294k | €248k | ▼ 15.8% |
| Amounts payable after more than one year17 | - | €23k | €91k | €66k | €51k | ▼ 23.9% |
| Financial debts170/4 | - | €23k | €91k | €66k | €51k | ▼ 23.9% |
| Amounts payable within one year42/48 | €38k | €20k | €54k | €228k | €197k | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | - | €13k | €28k | €24k | €16k | ▼ 34.9% |
| Trade debts44 | - | €71 | €6k | €79 | €15k | ▲ 19,535% |
| Suppliers440/4 | - | €71 | €6k | €79 | €15k | ▲ 19,535% |
| Taxes, remuneration and social security45 | - | €5k | €16k | €47k | €24k | ▼ 50.3% |
| Taxes450/3 | - | €5k | €16k | €47k | €24k | ▼ 50.3% |
| Other amounts payable47/48 | - | €2k | €3k | €156k | €142k | ▼ 8.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €42k | €108k | €75k | €142k | ▲ 90.5% |
| + Depreciation and write-downs630 | €4k | €8k | €11k | €31k | €31k | ▲ 0.1% |
| Operating cash flow (approximation) | €32k | €50k | €119k | €106k | €173k | ▲ 64.0% |
| Investment in fixed assets (approximation) | - | €0 | €-116k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €31k | €70k | €27k | €-99k | ▼ 462% |
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
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
Financial
Highest result since 2021net €142k ▲90.5%
Operating result €196k, net result €142k, both a record.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €150kEq €150k ▲107%
3 profitable years in a row build equity to €150k.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 5current ratio 4.35
Current ratio from 0.88 to 4.35; short-term debt falls from €38k to €20k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Engis · 1 establishment unit since 2021
Ground area
4,142 m²
Building footprint
300 m²
Volume, LiDAR
1,371 m³
2 parcels, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SBMed
since 20212.315.988.727
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61013C0251/00A000 | Wallonia | 2,886 m² | - | - |
| 61013C0070/00B002 | Wallonia | 1,257 m² | 1 · 299 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
25490015W6U1I8EIFE37
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2021
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.