SBSR
ActiveSummary
SBSR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €4k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+49
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.27 against 5.19 in 2024; short-term debt: 21.3% and cash: 34.1% of total assets), and 21.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
78.7%
Return on assets
12.7%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
6 d early
2022
7 d late
2021
16 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 19.3%
2024 · €21k
2018: €18k
2019: €20k▲ +8.4% vs 2018
2020: €20k● 0.0% vs 2019
2021: €17k▼ -13.6% vs 2020lowest in 8 years
2022: €18k▲ +1.7% vs 2021
2023: €22k▲ +23.8% vs 2022
2024: €21k▼ -4.3% vs 2023
2025: €25k▲ +19.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€32k▲ 22.3%
2024 · €26k
2018: €27k
2019: €26k▼ -2.9% vs 2018
2020: €26k▲ +0.8% vs 2019
2021: €28k▲ +6.4% vs 2020
2022: €28k▲ +2.2% vs 2021
2023: €28k▼ -2.8% vs 2022
2024: €26k▼ -6.1% vs 2023lowest in 8 years
2025: €32k▲ +22.3% vs 2024highest in 8 years
2018 → 2025
Net result
€4k
2024 · €-940
2018: €-263
2019: €2k▲ +1000% vs 2018
2020: €3k▲ +29.0% vs 2019
2021: €1k▼ -58.5% vs 2020
2022: €2k▲ +29.3% vs 2021
2023: €5k▲ +205% vs 2022highest in 8 years
2024: €-940▼ -119% vs 2023lowest in 8 years
2025: €4k▲ +528% vs 2024
2018 → 2025
Working capital
€22k▲ 5.2%
2024 · €21k
2018: €17k
2019: €20k▲ +15.4% vs 2018
2020: €20k● 0.0% vs 2019
2021: €17k▼ -13.6% vs 2020lowest in 8 years
2022: €18k▲ +1.7% vs 2021
2023: €22k▲ +23.8% vs 2022
2024: €21k▼ -4.3% vs 2023
2025: €22k▲ +5.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€18k▲ 1.7%€22k▲ 23.8%€21k▼ 4.3%€25k▲ 19.3%
2021: €17klowest in 5 years
2022: €18k▲ +1.7% vs 2021
2023: €22k▲ +23.8% vs 2022
2024: €21k▼ -4.3% vs 2023
2025: €25k▲ +19.3% vs 2024highest in 5 years
Operating result€2k-€3k▲ 26.0%€9k▲ 257%€638▼ 92.9%€7k▲ 1,058%
2021: €2k
2022: €3k▲ +26.0% vs 2021
2023: €9k▲ +257% vs 2022highest in 5 years
2024: €638▼ -92.9% vs 2023lowest in 5 years
2025: €7k▲ +1058% vs 2024
Net result€1k-€2k▲ 29.3%€5k▲ 205%€-940€4k
2021: €1k
2022: €2k▲ +29.3% vs 2021
2023: €5k▲ +205% vs 2022highest in 5 years
2024: €-940▼ -119% vs 2023lowest in 5 years
2025: €4k▲ +528% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,058% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€3k
Current assets
€29k
Equity and liabilities €32k
Equity
€25k ▲ 19.3%
Debt
€7k ▲ 34.9%
Debt's share of the balance-sheet total rises from 19.3% to 21.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k
Cash flow
€4k
Current ratio
4.27▼
2024 · 5.19
Debt to equity
0.27▲
2024 · 0.24
ROE
16.2%▲
2024 · -4.5%
ROA
12.7%▲
2024 · -3.6%
Interest coverage
5.04
Debt ≤ 1 year
€7k▲
2024 · €5k
Income taxes
€2k▲
2024 · €364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€26k€32k▲
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Other tangible fixed assets26-€3k
Current assets29/58€26k€29k▲
Amounts receivable after more than one year29€15k€15k=
Other amounts receivable291€15k€15k=
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€0€742▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€9k€11k▲
Equity and liabilities
Total equity and liabilities10/49€26k€32k▲
Equity10/15€21k€25k▲
Contributions10/11€12k€12k=
Reserves13€8k€12k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€8k€12k▲
Profit (loss) carried forward14€920€920=
Amounts payable17/49€5k€7k▲
Amounts payable within one year42/48€5k€7k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€162€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1
Other operating charges640/8€655€663▲
Gross operating margin9900€1k€8k▲
Operating profit (loss)9901€638€7k▲
Financial income75/76B€464€478▲
Recurring financial income75€464€478▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-576€6k▲
Income taxes67/77€364€2k▲
Profit (loss) for the period9904€-940€4k▲
Profit (loss) for the period to be appropriated9905€-940€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-940€5k▲
Profit (loss) brought forward from the previous period14P-€920
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€0€4k▲
To other reserves6921€0€4k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1 | - |
| Other operating charges640/8 | €1k | €1k | €698 | €655 | €663 | ▲ 1.2% |
| Gross operating margin9900 | €3k | €4k | €10k | €1k | €8k | ▲ 523% |
| Operating profit (loss)9901 | €2k | €3k | €9k | €638 | €7k | ▲ 1,058% |
| Financial income75/76B | €464 | €464 | €464 | €464 | €478 | ▲ 3.0% |
| Recurring financial income75 | €464 | €464 | €464 | €464 | €478 | ▲ 3.0% |
| Financial charges65/66B | €45 | €52 | €2k | €2k | €1k | ▼ 12.6% |
| Recurring financial charges65 | €45 | €52 | €2k | €2k | €1k | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €2k | €3k | €8k | €-576 | €6k | ▲ 1,211% |
| Income taxes67/77 | €1k | €1k | €3k | €364 | €2k | ▲ 553% |
| Profit (loss) for the period9904 | €1k | €2k | €5k | €-940 | €4k | ▲ 528% |
| Profit (loss) for the period to be appropriated9905 | €1k | €2k | €5k | €-940 | €4k | ▲ 528% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28k | €28k | €28k | €26k | €32k | ▲ 22.3% |
| Fixed assets21/28 | - | - | - | - | €3k | - |
| Tangible fixed assets22/27 | - | - | - | - | €3k | - |
| Other tangible fixed assets26 | - | - | - | - | €3k | - |
| Current assets29/58 | €28k | €28k | €28k | €26k | €29k | ▲ 11.0% |
| Amounts receivable after more than one year29 | €15k | €15k | €15k | €15k | €15k | = |
| Other amounts receivable291 | €15k | €15k | €15k | €15k | €15k | = |
| Amounts receivable within one year40/41 | €556 | €9k | €8k | €2k | €3k | ▲ 75.8% |
| Trade receivables40 | - | €8k | €7k | €0 | €742 | - |
| Other amounts receivable41 | €556 | €920 | €710 | €2k | €2k | ▲ 30.7% |
| Cash at bank and in hand54/58 | €12k | €5k | €5k | €9k | €11k | ▲ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28k | €28k | €28k | €26k | €32k | ▲ 22.3% |
| Equity10/15 | €17k | €18k | €22k | €21k | €25k | ▲ 19.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €5k | €5k | €9k | €8k | €12k | ▲ 53.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €3k | €3k | €8k | €8k | €12k | ▲ 53.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €920 | €920 | = |
| Amounts payable17/49 | €10k | €11k | €6k | €5k | €7k | ▲ 34.9% |
| Amounts payable within one year42/48 | €10k | €11k | €6k | €5k | €7k | ▲ 34.9% |
| Trade debts44 | €6k | €5k | €1k | €1k | €2k | ▲ 52.4% |
| Suppliers440/4 | €6k | €5k | €1k | €1k | €2k | ▲ 52.4% |
| Taxes, remuneration and social security45 | €4k | €4k | €4k | €4k | €5k | ▲ 35.2% |
| Taxes450/3 | €4k | €4k | €4k | €4k | €5k | ▲ 35.2% |
| Other amounts payable47/48 | €1k | €1k | €849 | €162 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €2k | €5k | €-940 | €4k | ▲ 528% |
| + Depreciation and write-downs630 | - | - | - | - | €1 | - |
| Operating cash flow (approximation) | €1k | €2k | €5k | €-940 | €4k | ▲ 528% |
| Change in cash | - | €-8k | €-94 | €5k | €2k | ▼ 65.8% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-940
Net result drops to €-940, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €5k ▲205%
Operating result €9k, net result €5k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oudenburg · 1 establishment unit since 2009
Ground area
918 m²
Building footprint
340 m²
Volume, LiDAR
1,519 m³
Parcel 35015B0193/03T000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SBSR
since 20092.175.427.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35015B0193/03T000 | Flanders | 918 m² | 1 · 340 m² | 7.2 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 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,700 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
Founded16-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.