SBS GROUP
ActiveSBS GROUP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.98M and a net result of €1.59M. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 353 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
Liquidity ample (current ratio 2.87 against 3.29 in 2023; short-term debt: 17.1% and cash: 2.9% of total assets), and 20.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 2024Solvency, return and age of the figures
Solvency
79.7%
Return on assets
10.5%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
23 d late
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€11.98M▲ 5.1%
2023 · €11.40M
2018: €6.20M
2019: €6.69M
2020: €7.24M
2021: €10.34M
2022: €11.07M
2023: €11.40M
2018 → 2024
Total assets
€15.04M▲ 11.9%
2023 · €13.44M
2018: €8.90M
2019: €8.46M
2020: €9.03M
2021: €11.12M
2022: €12.74M
2023: €13.44M
2018 → 2024
Net result
€1.59M▲ 47.7%
2023 · €1.07M
2018: €417k
2019: €484k
2020: €858k
2021: €3.79M
2022: €1.63M
2023: €1.07M
2018 → 2024
Working capital
€4.80M▲ 6.1%
2023 · €4.53M
2018: €275k
2019: €759k
2020: €1.32M
2021: €4.39M
2022: €5.06M
2023: €4.53M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7.24M-€10.34M▲ 42.7%€11.07M▲ 7.1%€11.40M▲ 2.9%€11.98M▲ 5.1%
Operating result€552k-€3.87M▲ 600%€1.83M▼ 52.6%€1.11M▼ 39.5%€1.68M▲ 51.7%
Net result€858k-€3.79M▲ 342%€1.63M▼ 56.9%€1.07M▼ 34.3%€1.59M▲ 47.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 52% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.04M
Fixed assets
€7.67M▲ 10.7%
Current assets
€7.37M▲ 13.3%
Equity and liabilities €15.04M
Equity
€11.98M▲ 5.1%
Debt
€3.06M▲ 49.9%
The debt ratio rises from 15.2% to 20.3%. Equity and debt are higher.
Key figures and ratios
Solvency
79.7%▼
2023 · 84.8%
Current ratio
2.87▼
2023 · 3.29
Quick ratio
2.87▼
2023 · 3.29
Debt / equity
0.26▲
2023 · 0.18
ROE
13.2%▲
2023 · 9.4%
ROA
10.5%▲
2023 · 8.0%
Debt
€3.06M▲
2023 · €2.04M
Debt ≤ 1 year
€2.57M▲
2023 · €1.98M
Debt > 1 year
€492k
Income taxes
€183k▲
2023 · €109k
Staff costs
€353k▲
2023 · €245k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€13.44M€15.04M▲
Fixed assets21/28€6.93M€7.67M▲
Financial fixed assets28€6.93M€7.67M▲
Current assets29/58€6.51M€7.37M▲
Amounts receivable after more than one year29€3.58M€3.95M▲
Other amounts receivable291€3.58M€3.95M▲
Amounts receivable within one year40/41€364k€814k▲
Trade receivables40€127k€120k▼
Other amounts receivable41€237k€694k▲
Current investments50/53€2.13M€2.18M▲
Cash at bank and in hand54/58€434k€432k▼
Equity and liabilities
Total equity and liabilities10/49€13.44M€15.04M▲
Equity10/15€11.40M€11.98M▲
Contributions10/11€19k€19k=
Reserves13€11.36M€11.95M▲
Non-distributable reserves130/1€706k€704k▼
Reserves not available under the articles1311€2k€0▼
Own shares acquired1312€704k€704k=
Distributable reserves133€10.65M€11.25M▲
Profit (loss) carried forward14€21k€10k▼
Amounts payable17/49€2.04M€3.06M▲
Amounts payable after more than one year17-€492k
Financial debts170/4-€492k
Amounts payable within one year42/48€1.98M€2.57M▲
Current portion of amounts payable after more than one year42-€133k
Trade debts44€796k€63k▼
Suppliers440/4€796k€63k▼
Taxes, remuneration and social security45€18k€664k▲
Taxes450/3€0€637k▲
Remuneration and social security454/9€18k€27k▲
Other amounts payable47/48€1.16M€1.71M▲
Accrued charges and deferred income492/3€62k€0▼
Income statement
Code20232024
Non-recurring operating income76A€13k€0▼
Remuneration, social security and pensions62€245k€353k▲
Other operating charges640/8€1k€515k▲
Gross operating margin9900€1.35M€2.55M▲
Operating profit (loss)9901€1.11M€1.68M▲
Financial income75/76B€91k€121k▲
Recurring financial income75€91k€121k▲
Financial charges65/66B€16k€32k▲
Recurring financial charges65€16k€32k▲
Profit (loss) for the period before taxes9903€1.18M€1.77M▲
Income taxes67/77€109k€183k▲
Profit (loss) for the period9904€1.07M€1.59M▲
Profit (loss) for the period to be appropriated9905€1.07M€1.59M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.08M€1.61M▲
Profit (loss) brought forward from the previous period14P€2k€21k▲
Transfer to equity691/2€304k€598k▲
To other reserves6921€304k€598k▲
Profit to be distributed694/7€750k€1.00M▲
Directors or managers695€750k€1.00M▲
Social balance
Average headcount (FTE)90872.34.4▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €3.79M ▲342%
Operating result €3.87M, net result €3.79M, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 6.59
Current ratio from 1.74 to 6.59; short-term debt falls from €1.78M to €785k.
31-12
Financial
Equity above €10MEq €10.34M ▲42.7%
4 profitable years in a row build equity to €10.34M.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Aalst · 1 establishment unit since 2010
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.
Lippenshofweg 19320 AalstGround area
1,538 m²
Building footprint
447 m²
Volume, LiDAR
2,123 m³
Parcel 41047A0619/00F002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SBS GROUP
since 20102.191.598.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41047A0619/00F002 | Flanders | 1,538 m² | 1 · 447 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2025 · 1 entry · 511 EUR awarded · 511 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 511 EUR | 511 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
699400P1BDF6SUTFNX44
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
78200Temporary employment agencies and other provision of personnel
78300Employment activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.