Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
SB PROJECTS from Grimbergen, company number BE0697777022, closed financial year 2025 with a result of € -272,124 after tax. For that financial year SB PROJECTS recorded a gross margin of € 95,481 and equity of € -23,580. Compared with financial year 2024, the result moved from € 53,823 to € -272,124. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ -23,580
▼ € 272,124 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -272,124
▼ still € 53,823 profit in 2024
Profit after tax over the fiscal year.
€ 21,809
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -42,130.
People and assets in 2025
3.3
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 242,188
▼ 37% vs 2024
€ 73,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 25,874
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 277,486
▲ € 257,930 vs 2024
€ 39,795 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 237,434
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,355
▼ 73% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 563,402 | € 420,531 | € 492,578 | € 95,481 | ▼ 81% |
| Profit after taxes | € 107,941 | € 20,778 | € 53,823 | € -272,124 | ▼ € 325,947 |
| Equity | € 173,944 | € 194,721 | € 248,544 | € -23,580 | ▼ € 272,124 |
| Total debts | € 371,503 | € 404,212 | € 371,004 | € 533,264 | ▲ 44% |
| Cash | € 47,593 | € 84,596 | € 114,303 | € 21,809 | ▼ 81% |
| Land & buildings | € 1,520 | € 0 | - | - | |
| Retained profit | € 155,394 | € 176,171 | € 229,994 | € -42,130 | ▼ € 272,124 |
| Dividend | € 66,344 | € 0 | € 0 | € 0 | |
| Bank debt | € 48,241 | € 27,898 | € 19,555 | € 277,486 | ▲ € 257,930 |
| Balance sheet total | € 545,447 | € 598,934 | € 619,548 | € 509,684 | ▼ 18% |
| Employees (FTE) | - | 5 | 5 | 3.3 | ▼ 1.7 |
Key figures of SB PROJECTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SB PROJECTS?
What happened at SB PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 272,124 (▼ € 325,947 vs 2024). filed late Source: NBB ↗
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 107,941 profit in 2022 to € 272,124 loss in 2025.
Paid € 80,521 in corporate taxes since 2022.
Best year ever: 2022, with € 107,941 profit.
On average € 28,900 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SB PROJECTS is SEBASTIAN BEDNARZ. SEBASTIAN BEDNARZ is also behind EASTBRIDGE and Eastbridge Invest.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Vilvoordsesteenweg 252
1850 Grimbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0697.777.022
- VAT number
- BE 0697.777.022
- Registered office
- Vilvoordsesteenweg 252, 1850 Grimbergen
- Names & denominations
- SB PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2018
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Schrijnwerk
Zagen en schaven van hout
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Vervaardiging van andere artikelen van hout
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Plaatsen van vloer- en wandtegels
Plaatsen van vloerbedekking en wandbekleding van hout
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