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SBS

Active
Private limited companyfounded 198639 yrs activeLippenshofweg 1, 9320 Aalst, BelgiumKBO/BCE: BE 0429.499.667
Summary

SBS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.6m and a net result of €559,691. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 81% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SBSActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Employment placement agencies
NACE 78100NACE 74501
#1 employer in Aalst, Administrative and support services sector11 sites
Size
€21.4mturnover 2024
Staff
186 FTE
Equity
€7.6m
Profit
€559,691
Financial health
96 Excellent Checked score 2024
Bankruptcy chance 12 m
0.1%
Structure
Parent
SBS GROUP · 99.74%
Accounts 66 d overdue0 of 8 deeds read
Why 96- Latest accounts 61 days late; 2 of the last 3 late+ Founded in 1986+ Size: turnover €25.1m, 225.9 FTE, total assets €13.1m+ Profit of €1.5m (FY 2025)Show the evidence

Checked score

Score 2024
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 66% of its sector peers (NACE 78, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 90+6
equity 65.4% of total assets
Liquidity 57+8
short-term debt 24.6% · cash 12.8%
Profitability 64-20
return on assets 4.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (119 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%▼ -2.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%▼ -2.0% vs 03-2025lowest value 05-2025: < 0.1%▲ +2.1% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: 0.1%▲ +34.7% vs 06-2025 08-2025: 0.1%▲ +83.3% vs 07-2025 09-2025: 0.1%▲ +9.9% vs 08-2025 10-2025: 0.1%▼ -57.9% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -3.6% vs 01-2026 03-2026: 0.1%▼ -1.9% vs 02-2026 04-2026: 0.1%▼ -3.8% vs 03-2026 05-2026: 0.1%▲ +3.9% vs 04-2026 06-2026: 0.1%▲ +1.9% vs 05-2026 07-2026: 0.1%▲ +3.7% vs 06-2026 08-2026: 0.1%▲ +123% vs 07-2026 09-2026: 0.1%▲ +9.6% vs 08-2026highest value 10-2026: 0.1%▼ -35.8% vs 09-2026
  • Founded in 1986 lowers the probability for this profile
  • Latest accounts 61 days late; 2 of the last 3 late raises the probability
  • Size: turnover €25.1m, 225.9 FTE, total assets €13.1m lowers the probability for this profile
  • Profit of €1.5m (FY 2025) lowers the probability
Credit up to €700,000 at 30 days acceptable
Liquidity ample (current ratio 3.4 against 2.22 in 2023; short-term debt: 24.6% and cash: 12.8% of total assets), and 34.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 78, medium-sized). Better than this share of them on solvency 87%, liquidity 66%, profitability 53%, growth against the median 57%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1986
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 61 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: turnover €25.1m, 225.9 FTE, total assets €13.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Profit of €1.5m (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €7.6m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
60 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
40 d early
2019
17 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 16 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Highest result since 2018net €2.1m ▲147%

Key points

  • Caution: Result fell in 2024from €2.1m to €559,691 ▼ 73.6% View
  • Positive: Employer in Aalst, Administrative and support services sectorin the Checked rankings #1 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Controlled by SBS GROUP 99.74% View
  • Flemish supportawarded 2022 - 2025 €1.7m View
  • Positive: 7 profitable years in a rowprofit 2024: €559,691 7 years View

By topic

Financials

Fiscal year
2024
Turnover
€21.4m
Profit
€559,691
Solvency
65.4%
Turnover=
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2016
  1. 29-09-2025Annual accounts filed
  2. 30-08-2024Annual accounts filed
  3. 31-12-2023Highest result since 2018
Go to Timeline

Company details

Sites
11
Legal form
Private limited company
Activity
Employment placement agenciesNACE 78100
Founded
07-10-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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