SBP & CO
ActiveSummary
SBP & CO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372,637 and a net result of €40,710. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+26
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 6.13 against 4.18 in 2024; short-term debt: 15.4% and cash: 1.6% of total assets), and 15.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
84.6%
Return on assets
9.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
71 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€372,637▲ 12.3%
2024 · €331,927
Total assets
€440,693▲ 3.3%
2024 · €426,692
Net result
€40,710
2024 · -€1,586
Working capital
€348,843▲ 15.7%
2024 · €301,425
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,836▲ 17.3%€63,813▲ 23.1%€101,954▲ 59.8%€2,625▼ 97.4%€46,212▲ 1,660%
Net result€33,603within the sector's middle half▲ 14.3%€47,739above the sector's middle half▲ 42.1%€76,034above the sector's middle half▲ 59.3%-€1,586below the sector's middle half€40,710within the sector's middle half
Equity€197,339above the sector's middle half▲ 20.5%€245,079above the sector's middle half▲ 24.2%€321,113above the sector's middle half▲ 31.0%€331,927above the sector's middle half▲ 3.4%€372,637above the sector's middle half▲ 12.3%
Total assets€292,538within the sector's middle half▲ 22.6%€347,417within the sector's middle half▲ 18.8%€443,385above the sector's middle half▲ 27.6%€426,692above the sector's middle half▼ 3.8%€440,693above the sector's middle half▲ 3.3%
Debt€95,199▲ 27.1%€102,339▲ 7.5%€122,272▲ 19.5%€94,765▼ 22.5%€68,056▼ 28.2%
Working capital€170,106▲ 27.1%€204,053▲ 20.0%€284,701▲ 39.5%€301,425▲ 5.9%€348,843▲ 15.7%
Solvency67.5%within the sector's middle half▼ 1.2pp70.5%within the sector's middle half▲ 3.1pp72.4%within the sector's middle half▲ 1.9pp77.8%within the sector's middle half▲ 5.4pp84.6%above the sector's middle half▲ 6.8pp
Staff (FTE)1.21▼ 16.7%0.2▼ 80.0%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,660% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €440,693
Fixed assets
€23,794 ▼ 22.0%
Current assets
€416,899 ▲ 5.2%
Equity and liabilities €440,693
Equity
€372,637 ▲ 12.3%
Debt
€68,056 ▼ 28.2%
Debt's share of the balance-sheet total falls from 22.2% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,920▲
2024 · €9,555
Cash flow
€47,418▲
2024 · €5,344
Current ratio
6.13▲
2024 · 4.18
Debt to equity
0.18▼
2024 · 0.29
ROE
10.9%▲
2024 · -0.5%
ROA
9.2%▲
2024 · -0.4%
Interest coverage
18.69▲
2024 · 4.31
Debt ≤ 1 year
€68,056▼
2024 · €94,765
Income taxes
€13,511▲
2024 · €1,995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €131,036 | €107,355 | €98,345 | €29,171 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,460 | €6,778 | €6,726 | €6,930 | €6,708 | ▼ 3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €33,805 | -€16,850 | ▼ 150% |
| Other operating charges640/8 | €7,959 | €19,982 | €2,736 | €2,151 | €19,632 | ▲ 812% |
| Gross operating margin9900 | €196,291 | €197,928 | €209,762 | €74,683 | €55,701 | ▼ 25.4% |
| Operating profit (loss)9901 | €51,836 | €63,813 | €101,954 | €2,625 | €46,212 | ▲ 1,660% |
| Financial income75/76B | €5,317 | €8,418 | €8,745 | - | €10,840 | - |
| Recurring financial income75 | €5,317 | €8,418 | €8,745 | - | €10,840 | - |
| Financial charges65/66B | €3,804 | €4,212 | €4,048 | €2,216 | €2,831 | ▲ 27.7% |
| Recurring financial charges65 | €3,804 | €4,212 | €4,048 | €2,216 | €2,831 | ▲ 27.7% |
| Profit (loss) for the period before taxes9903 | €53,348 | €68,019 | €106,651 | €409 | €54,221 | ▲ 13,171% |
| Income taxes67/77 | €19,746 | €20,279 | €30,617 | €1,995 | €13,511 | ▲ 577% |
| Profit (loss) for the period9904 | €33,603 | €47,739 | €76,034 | -€1,586 | €40,710 | ▲ 2,666% |
| Profit (loss) for the period to be appropriated9905 | €33,603 | €47,739 | €76,034 | -€1,586 | €40,710 | ▲ 2,666% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €292,538 | €347,417 | €443,385 | €426,692 | €440,693 | ▲ 3.3% |
| Fixed assets21/28 | €27,234 | €41,026 | €36,412 | €30,502 | €23,794 | ▼ 22.0% |
| Intangible fixed assets21 | - | €4,378 | €3,178 | €1,978 | €778 | ▼ 60.7% |
| Tangible fixed assets22/27 | €27,234 | €26,381 | €22,967 | €18,757 | €13,249 | ▼ 29.4% |
| Plant, machinery and equipment23 | - | - | €1,433 | €729 | €25 | ▼ 96.5% |
| Furniture and vehicles24 | €3,292 | €5,730 | €4,173 | €3,956 | €2,442 | ▼ 38.3% |
| Other tangible fixed assets26 | €23,941 | €20,651 | €17,361 | €14,071 | €10,781 | ▼ 23.4% |
| Financial fixed assets28 | - | €10,267 | €10,267 | €9,767 | €9,767 | = |
| Current assets29/58 | €265,305 | €306,391 | €406,973 | €396,190 | €416,899 | ▲ 5.2% |
| Amounts receivable after more than one year29 | €111,864 | €180,731 | €267,581 | €267,581 | €267,581 | = |
| Other amounts receivable291 | €111,864 | €180,731 | €267,581 | €267,581 | €267,581 | = |
| Amounts receivable within one year40/41 | €143,229 | €118,206 | €126,367 | €123,722 | €142,105 | ▲ 14.9% |
| Trade receivables40 | €74,363 | €31,356 | €69,267 | €59,783 | €43,512 | ▼ 27.2% |
| Other amounts receivable41 | €68,867 | €86,850 | €57,101 | €63,939 | €98,593 | ▲ 54.2% |
| Cash at bank and in hand54/58 | €7,630 | €6,801 | €13,025 | €4,159 | €7,214 | ▲ 73.5% |
| Deferred charges and accrued income490/1 | €2,581 | €654 | - | €729 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €292,538 | €347,417 | €443,385 | €426,692 | €440,693 | ▲ 3.3% |
| Equity10/15 | €197,339 | €245,079 | €321,113 | €331,927 | €372,637 | ▲ 12.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €189,279 | €237,019 | €313,053 | €311,467 | €352,177 | ▲ 13.1% |
| Amounts payable17/49 | €95,199 | €102,339 | €122,272 | €94,765 | €68,056 | ▼ 28.2% |
| Amounts payable within one year42/48 | €95,199 | €102,339 | €122,272 | €94,765 | €68,056 | ▼ 28.2% |
| Trade debts44 | €29,779 | €42,863 | €61,775 | €51,996 | €52,550 | ▲ 1.1% |
| Suppliers440/4 | €29,779 | €42,863 | €61,775 | €51,996 | €52,550 | ▲ 1.1% |
| Taxes, remuneration and social security45 | €64,045 | €59,476 | €60,497 | €42,769 | €15,506 | ▼ 63.7% |
| Taxes450/3 | €41,473 | €40,909 | €45,566 | €37,741 | €15,506 | ▼ 58.9% |
| Remuneration and social security454/9 | €22,572 | €18,567 | €14,931 | €5,028 | - | - |
| Other amounts payable47/48 | €1,375 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,603 | €47,739 | €76,034 | -€1,586 | €40,710 | ▲ 2,666% |
| + Depreciation and write-downs630 | €5,460 | €6,778 | €6,726 | €6,930 | €6,708 | ▼ 3.2% |
| Operating cash flow (approximation) | €39,062 | €54,517 | €82,761 | €5,344 | €47,418 | ▲ 787% |
| Investment in fixed assets (approximation) | - | -€20,570 | -€2,112 | -€1,020 | €0 | ▲ 100% |
| Change in cash | - | -€829 | €6,224 | -€8,866 | €3,055 | ▲ 134% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €40,710
Net result €40,710 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet -€1,586
Net result drops to -€1,586, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-12
Financial
Highest result since 2018net €76,034 ▲59.3%
Operating result €101,954, net result €76,034, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200,000Eq €245,079 ▲24.2%
5 profitable years in a row build equity to €245,079.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €150,000Eq €163,737 ▲21.9%
3 profitable years in a row build equity to €163,737.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Equity above €100,000Eq €134,343 ▲97.4%
2 profitable years in a row build equity to €134,343.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
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, Lasne · 1 establishment unit since 2018
Ground area
1,953 m²
Building footprint
369 m²
Volume, LiDAR
3,168 m³
Parcel 25051C0091/00A003, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
SBP & CO
since 20182.273.914.085
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0091/00A003 | Wallonia | 1,953 m² | 1 · 369 m² | 12.3 m · 3 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,585 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
Founded01-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689686331
Also
9925:BE0689686331
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.