SBQ
ActiveSBQ has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.54M and a net result of €-151k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency27=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.2 in 2024), and 81.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
18.5%
Return on assets
-1.8%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€151k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
30 d early
2023
27 d early
2022
41 d early
2021
20 d early
2020
37 d early
2019
25 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.54M▼ 8.9%
2024 · €1.69M
2018: €1.23M
2019: €1.26M
2020: €1.39M
2021: €1.58M
2022: €1.52M
2023: €2.31M
2024: €1.69M
2018 → 2025
Total assets
€8.32M▼ 17.6%
2024 · €10.09M
2018: €2.55M
2019: €2.43M
2020: €2.02M
2021: €3.31M
2022: €6.29M
2023: €6.45M
2024: €10.09M
2018 → 2025
Net result
€-151k▲ 71.6%
2024 · €-531k
2018: €299k
2019: €92k
2020: €127k
2021: €537k
2022: €164k
2023: €885k
2024: €-531k
2018 → 2025
Working capital
€1.18M▼ 28.1%
2024 · €1.64M
2018: €1.22M
2019: €1.25M
2020: €1.37M
2021: €1.55M
2022: €1.50M
2023: €2.26M
2024: €1.64M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€1.52M▼ 3.8%€2.31M▲ 52.3%€1.69M▼ 27.0%€1.54M▼ 8.9%
Operating result€827k-€280k▼ 66.2%€1.44M▲ 414%€-252k€49k
Net result€537k-€164k▼ 69.5%€885k▲ 441%€-531k€-151k▲ 71.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €49k after a loss of €252k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.32M
Fixed assets
€421k▲ 114%
Current assets
€7.90M▼ 20.2%
Equity and liabilities €8.32M
Equity
€1.54M▼ 8.9%
Debt
€6.78M▼ 19.3%
The debt ratio falls from 83.3% to 81.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€89k▲
2024 · €-212k
Cash flow
€-110k▲
2024 · €-491k
Solvency
18.5%▲
2024 · 16.7%
Current ratio
1.18▼
2024 · 1.20
Quick ratio
0.06▲
2024 · 0.05
Debt / equity
4.41▼
2024 · 4.97
ROE
-9.8%▲
2024 · -31.4%
ROA
-1.8%▲
2024 · -5.3%
Interest coverage
0.43▲
2024 · -0.76
Debt
€6.78M▼
2024 · €8.40M
Debt ≤ 1 year
€6.72M▼
2024 · €8.25M
Debt > 1 year
€49k▼
2024 · €71k
Income taxes
€474▲
2024 · €429
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.09M€8.32M▼
Fixed assets21/28€197k€421k▲
Tangible fixed assets22/27€156k€111k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€149k€106k▼
Financial fixed assets28€40k€310k▲
Current assets29/58€9.89M€7.90M▼
Stocks and contracts in progress3€9.49M€7.52M▼
Stocks30/36€9.49M€7.52M▼
Amounts receivable within one year40/41€106k€88k▼
Trade receivables40€17k€0▼
Other amounts receivable41€89k€88k▼
Cash at bank and in hand54/58€296k€277k▼
Deferred charges and accrued income490/1€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€10.09M€8.32M▼
Equity10/15€1.69M€1.54M▼
Contributions10/11€19k€19k=
Reserves13€2.01M€2.01M=
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Distributable reserves133€2.00M€2.00M=
Profit (loss) carried forward14€-335k€-486k▼
Amounts payable17/49€8.40M€6.78M▼
Amounts payable after more than one year17€71k€49k▼
Financial debts170/4€71k€49k▼
Amounts payable within one year42/48€8.25M€6.72M▼
Current portion of amounts payable after more than one year42€23k€23k=
Financial debts43€6.01M€4.59M▼
Credit institutions430/8€6.01M€4.59M▼
Trade debts44€29k€13k▼
Suppliers440/4€29k€13k▼
Taxes, remuneration and social security45€94k€3k▼
Taxes450/3€94k€3k▼
Other amounts payable47/48€2.10M€2.10M▼
Accrued charges and deferred income492/3€73k€11k▼
Income statement
Code20242025
Non-recurring operating income76A€678€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€41k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€868€130▼
Other operating charges640/8€13k€13k▲
Non-recurring operating charges66A€8k€0▼
Gross operating margin9900€-190k€103k▲
Operating profit (loss)9901€-252k€49k▲
Financial income75/76B€956€7k▲
Recurring financial income75€956€7k▲
Financial charges65/66B€280k€206k▼
Recurring financial charges65€280k€206k▼
Profit (loss) for the period before taxes9903€-531k€-150k▲
Income taxes67/77€429€474▲
Profit (loss) for the period9904€-531k€-151k▲
Profit (loss) for the period to be appropriated9905€-531k€-151k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-531k€-486k▲
Profit (loss) brought forward from the previous period14P-€-335k
Transfer from equity791/2€289k€0▼
Profit to be distributed694/7€92k€0▼
Return on contributions (dividend)694€92k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-531k ▼160%
Net result drops to €-531k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €885k ▲441%
Operating result €1.44M, net result €885k, both a record.
31-12
Financial
Equity above €2MEq €2.31M ▲52.3%
6 profitable years in a row build equity to €2.31M.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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.
Directors · office · real estate
Directors
4 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, Kortrijk · 2 establishment units since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beneluxpark(Kor) 118500 KortrijkGround area
5,046 m²
Building footprint
1,021 m²
Volume, LiDAR
8,232 m³
2 parcels, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
SBQ
since 20042.139.444.074
SBQ
since 20212.313.725.954
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0748/00C000 | Flanders | 2,690 m² | 1 · 777 m² | 15.5 m · 4 fl. |
| 34354D0202/00K000 | Flanders | 2,356 m² | 1 · 244 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 518 EUR awarded · 518 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 192 EUR | 192 EUR |
| 2024 | 1 | 117 EUR | 117 EUR |
| 2023 | 1 | 53 EUR | 53 EUR |
| 2022 | 1 | 156 EUR | 156 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,288 companies in sector 68110 we hold annual accounts for 5,354. 2,892 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-08-2004
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.