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SBDW

Active
Public limited companyfounded 200025 years activeBoulevard de l'Europe 137, 1300 Wavre, BelgiumKBO/BCE: BE 0473.206.085
Summary

SBDW has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €359,407 and a net result of -€15,531. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 4,922 sector peers (NACE 47, fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Activity
Retail trade
NACE 47610Retail sale of newspapers and periodicals NACE 47621
11 sites
Size
€5.2mtotal assets 2025
Staff
44.3 FTE
Equity
€359,407
Loss
-€15,531
Financial health
62 Healthy Checked score 2025
Bankruptcy probability, 12 months
1.4%
Structure
Largest shareholder
LEVANTE INVEST · 25%
Accounts filed 13 days late0 of 14 deeds read
Why 62- Equity €359,407 (6.9% of total assets)- Liquidity: current ratio 0.92, cash €336,091- Size: 44.3 FTE, total assets €5.2m- Sector Retail trade (NACE 47)Show the evidence

Checked score

Score 2025
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 23% of its sector peers (NACE 47, small)
Financial strength · tick = 2024
Weak
Solvency 32=
equity 6.9% of total assets
Liquidity 18-3
short-term debt 74.8% · cash 6.5%
Profitability 48+8
return on assets -0.3%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,686 companies)
Last 24 months 11-2024: 0.9% 12-2024: 0.6%▼ -0.3 percentage points vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025lowest value 06-2025: 0.6%● unchanged vs 05-2025lowest value 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.8%▲ +0.2 percentage points vs 09-2025 11-2025: 1.2%▲ +0.4 percentage points vs 10-2025 12-2025: 1.0%▼ -0.2 percentage points vs 11-2025 01-2026: 0.9%▼ -0.1 percentage points vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026 09-2026: 1.1%▲ +0.1 percentage points vs 08-2026 10-2026: 1.4%▲ +0.3 percentage points vs 09-2026highest value
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.96 in 2024; short-term debt: 74.8% and cash: 6.5% of total assets), and 93.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small): better than 18% on solvency, 15% on liquidity, 31% on profitability and 27% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
+raises risk○neutral
raises risk · Equity €359,407 (6.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.92, cash €336,091
NBB · annual accounts
raises risk · Size: 44.3 FTE, total assets €5.2m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
18192122232425
2018 to 2025 · latest year -€15,531
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4922 sector peers (2025).
NBB · sector comparison
Position among 4922 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-11-2025, 13 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
13 days late
2024
on the day
2023
12 days early
2022
8 days late
2021
32 days early
2019
31 days late
2018
29 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 31 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close07-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Caution: Among the weakest 18% on solvencysector median 36.2% · 4,922 companies 6.9% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€15,531 View
  • Active since 2000founded 07-11-2000 25 years View

By topic

Financials

Fiscal year
2025
Total assets
€5.2m
Loss
-€15,531
Solvency
6.9%
Turnover▲ 3.3%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-10-2026
  1. 08-11-2022Annual accounts filed
  2. 31-03-2022Highest result since 2018
  3. 31-03-2022Equity above €200,000
Go to Timeline

Company details

Sites
11
Legal form
Public limited company
Activity
Retail tradeNACE 47610
Founded
07-11-2000
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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