Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S2B ENGINEERING from Zelzate, company number BE0645619033, closed financial year 2025 with a result of € 31,732 after tax. For that financial year S2B ENGINEERING recorded a gross margin of € 82,306 and equity of € 144,785. Compared with financial year 2024, the result moved from € 29,844 to € 31,732. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 25, 2026.
€ 144,785
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,732
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 15,616
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 126,185.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 29,841
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 111,735
▼ 48% vs 2024
€ 21,563 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 315
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,142
▼ 54% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 66,920 | € 43,767 | € 77,851 | € 82,306 | ▲ 6% |
| Profit after taxes | € 22,728 | € 5,559 | € 29,844 | € 31,732 | ▲ 6% |
| Equity | € 71,450 | € 83,209 | € 113,053 | € 144,785 | ▲ 28% |
| Total debts | € 246,492 | € 275,921 | € 258,259 | € 139,413 | ▼ 46% |
| Cash | € 672 | - | € 57,133 | € 15,616 | ▼ 73% |
| Land & buildings | € 250,504 | € 240,843 | € 231,182 | € 221,521 | ▼ 4% |
| Retained profit | € 59,050 | € 64,609 | € 94,453 | € 126,185 | ▲ 34% |
| Bank debt | € 204,758 | € 233,463 | € 216,579 | € 111,735 | ▼ 48% |
| Balance sheet total | € 317,942 | € 359,131 | € 371,313 | € 284,198 | ▼ 23% |
Key figures of S2B ENGINEERING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to S2B ENGINEERING?
What happened at S2B ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,732 (▲ 6% vs 2024). Source: NBB ↗
- Sara Karim became a director. NBB
- New establishment in Zelzate. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,728 profit in 2022 to € 31,732 profit in 2025.
Paid € 33,898 in corporate taxes since 2022.
Best year ever: 2025, with € 31,732 profit.
Management
Behind S2B ENGINEERING is Sara Karim.
Directors
According to the 2025 annual accounts
Sara Karim
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Hooistraat 1
9060 Zelzate
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0645.619.033
- VAT number
- BE 0645.619.033
- Registered office
- Hooistraat 1, 9060 Zelzate
- Names & denominations
- S2B ENGINEERING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2016
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
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