Summary
SbrConnect is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €20,372 and a net result of €182. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 8091 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 8091 sector peers (2025).
NBB · sector comparisonPosition among 8091 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
30 d late
2022
115 d late
2021
1 d late
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 1 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,372▲ 0.9%
2024 · €20,190
Net result
€182▼ 76.3%
2024 · €769
Total assets
€156,927▲ 239%
2024 · €46,236
Solvency
13.0%▼ 30.7pp
2024 · 43.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€11,440▼ 31.8%€16,743▲ 46.4%€16,708▼ 0.2%€2,297▼ 86.3%€4,331▲ 88.6%
Net result€4,980within the sector's middle half▼ 68.9%€9,056within the sector's middle half▲ 81.8%€12,123within the sector's middle half▲ 33.9%€769below the sector's middle half▼ 93.7%€182below the sector's middle half▼ 76.3%
Equity€32,568below the sector's middle half▲ 18.1%€41,624within the sector's middle half▲ 27.8%€59,947within the sector's middle half▲ 44.0%€20,190below the sector's middle half▼ 66.3%€20,372below the sector's middle half▲ 0.9%
Total assets€49,414below the sector's middle half▲ 37.0%€58,486below the sector's middle half▲ 18.4%€88,233below the sector's middle half▲ 50.9%€46,236below the sector's middle half▼ 47.6%€156,927within the sector's middle half▲ 239%
Debt€16,846▲ 98.7%€16,862▲ 0.1%€28,286▲ 67.7%€26,046▼ 7.9%€136,554▲ 424%
Working capital€11,701within the sector's middle half▼ 57.7%€23,298within the sector's middle half▲ 99.1%€43,231within the sector's middle half▲ 85.6%€4,627within the sector's middle half▼ 89.3%-€7,359within the sector's middle half
Solvency65.9%within the sector's middle half▼ 10.6pp71.2%within the sector's middle half▲ 5.3pp67.9%within the sector's middle half▼ 3.2pp43.7%within the sector's middle half▼ 24.3pp13.0%below the sector's middle half▼ 30.7pp
Current ratio1.70within the sector's middle half▼ 2.602.40within the sector's middle half▲ 0.702.56within the sector's middle half▲ 0.151.18within the sector's middle half▼ 1.380.93within the sector's middle half▼ 0.25
Return on assets (ROA)10.1%within the sector's middle half▼ 34.3pp15.5%within the sector's middle half▲ 5.4pp13.7%within the sector's middle half▼ 1.7pp1.7%within the sector's middle half▼ 12.1pp0.1%below the sector's middle half▼ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 89% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156,927
Fixed assets
€61,660 ▲ 289%
Current assets
€95,267 ▲ 213%
Equity and liabilities €156,927
Equity
€20,372 ▲ 0.9%
Debt
€136,554 ▲ 424%
Debt's share of the balance-sheet total rises from 56.3% to 87.0%. Equity and debt are higher.
Key figures and ratios
ROE
0.9%▼
2024 · 3.8%
Debt ≤ 1 year
€102,626▲
2024 · €25,769
Debt > 1 year
€32,582
Income taxes
€1,431▲
2024 · €1,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,299 | €2,925 | €2,985 | €3,301 | €11,304 | ▲ 242% |
| Other operating charges640/8 | - | €1,176 | €560 | €599 | €706 | ▲ 17.8% |
| Gross operating margin9900 | €13,553 | €20,845 | €20,253 | €6,198 | €16,341 | ▲ 164% |
| Operating profit (loss)9901 | €11,440 | €16,743 | €16,708 | €2,297 | €4,331 | ▲ 88.6% |
| Financial income75/76B | - | €0 | €95 | €3 | €8 | ▲ 166% |
| Recurring financial income75 | €37 | €0 | €95 | €3 | €8 | ▲ 166% |
| Financial charges65/66B | - | €913 | €748 | €415 | €2,726 | ▲ 556% |
| Recurring financial charges65 | €1,038 | €913 | €748 | €415 | €2,726 | ▲ 556% |
| Profit (loss) for the period before taxes9903 | €10,439 | €15,830 | €16,055 | €1,884 | €1,613 | ▼ 14.4% |
| Income taxes67/77 | €5,459 | €6,774 | €3,932 | €1,115 | €1,431 | ▲ 28.3% |
| Profit (loss) for the period9904 | €4,980 | €9,056 | €12,123 | €769 | €182 | ▼ 76.3% |
| Profit (loss) for the period to be appropriated9905 | €4,980 | €9,056 | €12,123 | €769 | €182 | ▼ 76.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,414 | €58,486 | €88,233 | €46,236 | €156,927 | ▲ 239% |
| Fixed assets21/28 | €21,110 | €18,603 | €17,279 | €15,841 | €61,660 | ▲ 289% |
| Tangible fixed assets22/27 | €21,080 | €18,573 | €17,249 | €15,811 | €61,630 | ▲ 290% |
| Land and buildings22 | - | €5,810 | €5,115 | €4,420 | €3,725 | ▼ 15.7% |
| Plant, machinery and equipment23 | - | €3,558 | €2,559 | €1,560 | €561 | ▼ 64.0% |
| Furniture and vehicles24 | - | €1,088 | €2,387 | €1,769 | €50,399 | ▲ 2,748% |
| Other tangible fixed assets26 | - | €8,118 | €7,187 | €8,061 | €6,945 | ▼ 13.9% |
| Financial fixed assets28 | €30 | €30 | €30 | €30 | €30 | = |
| Current assets29/58 | €28,304 | €39,883 | €70,954 | €30,396 | €95,267 | ▲ 213% |
| Amounts receivable within one year40/41 | €7,876 | €15,668 | €15,647 | €18,887 | €80,537 | ▲ 326% |
| Trade receivables40 | - | €15,668 | €15,647 | €18,887 | €78,941 | ▲ 318% |
| Other amounts receivable41 | - | - | - | - | €1,596 | - |
| Cash at bank and in hand54/58 | €19,441 | €23,846 | €54,316 | €8,956 | €14,637 | ▲ 63.4% |
| Deferred charges and accrued income490/1 | - | €369 | €991 | €2,553 | €93 | ▼ 96.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,414 | €58,486 | €88,233 | €46,236 | €156,927 | ▲ 239% |
| Equity10/15 | €32,568 | €41,624 | €59,947 | €20,190 | €20,372 | ▲ 0.9% |
| Contributions10/11 | - | €12,400 | €18,600 | €6,026 | €6,026 | = |
| Reserves13 | €1,860 | €1,860 | €41,347 | €14,164 | €14,164 | = |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €41,347 | €14,164 | €14,164 | = |
| Profit (loss) carried forward14 | €18,308 | €27,364 | €0 | €0 | €182 | - |
| Amounts payable17/49 | €16,846 | €16,862 | €28,286 | €26,046 | €136,554 | ▲ 424% |
| Amounts payable after more than one year17 | - | - | - | - | €32,582 | - |
| Financial debts170/4 | - | - | - | - | €32,582 | - |
| Amounts payable within one year42/48 | €16,603 | €16,585 | €27,723 | €25,769 | €102,626 | ▲ 298% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,991 | - |
| Trade debts44 | €1,051 | €3,804 | €7,041 | €3,837 | €72,980 | ▲ 1,802% |
| Suppliers440/4 | - | €3,804 | €7,041 | €3,837 | €72,980 | ▲ 1,802% |
| Taxes, remuneration and social security45 | - | €5,234 | €9,220 | €9,476 | €5,406 | ▼ 43.0% |
| Taxes450/3 | - | €5,234 | €9,220 | €9,476 | €5,406 | ▼ 43.0% |
| Other amounts payable47/48 | - | €7,547 | €11,462 | €12,456 | €15,248 | ▲ 22.4% |
| Accrued charges and deferred income492/3 | - | €277 | €563 | €277 | €1,347 | ▲ 385% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,980 | €9,056 | €12,123 | €769 | €182 | ▼ 76.3% |
| + Depreciation and write-downs630 | €1,299 | €2,925 | €2,985 | €3,301 | €11,304 | ▲ 242% |
| Operating cash flow (approximation) | €6,279 | €11,981 | €15,109 | €4,071 | €11,486 | ▲ 182% |
| Investment in fixed assets (approximation) | - | -€419 | -€1,661 | -€1,864 | -€57,123 | ▼ 2,965% |
| Change in cash | - | €4,405 | €30,470 | -€45,360 | €5,681 | ▲ 113% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €182 ▼76.3%
Net result drops to €182, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
2021
01-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Menen · 1 establishment unit since 2018
Ground area
115 m²
Building footprint
115 m²
Volume, LiDAR
755 m³
Parcel 34032B0153/00H000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SbrConnect
since 20182.279.528.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032B0153/00H000 | Flanders | 115 m² | 1 · 115 m² | 8.8 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 7,451 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
Founded26-06-2018
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698798886
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.