ACTIVE

SBAM

Financial year 2025 · Closed on 31/12/2025

Net result75,4 k €+585,0 %over 1 year

Gross margin91,2 k €+18,6 %over 1 year

Equity91,4 k €+470,8 %over 1 year

Identity

Source · BCE/KBO

SBAM is a Private limited company incorporated in 2015. Its main activity is: Manufacture of fertilisers and nitrogen compounds. Its registered office is in Waterloo.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0599.901.349
Incorporation: 04/03/2015
Legal form: Private limited company
Registered office: Drève Richelle 161/O box 106
1410 Waterloo · WallonieSee on map
Contributed capital: 155 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

20150Manufacture of fertilisers and nitrogen compounds· main 20150Manufacture of fertilisers and nitrogen compounds 46752Wholesale of chemical products 46852Wholesale trade, except of motor vehicles and motorcycles 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 10 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	91,2 k €	+18.6%	76,9 k €	+1598%	-5,1 k €	-118%	29 k €	-35.8%	45,1 k €
EBITDA	77,1 k €	+1246%	-6,7 k €	+53.1%	-14,3 k €	-150%	28,6 k €	-36.0%	44,7 k €
Operating result	76,8 k €	+679%	-13,3 k €	+20.8%	-16,8 k €	-159%	28,6 k €	-36.0%	44,7 k €
Net result	75,4 k €	+585%	-15,5 k €	+20.9%	-19,6 k €	-181%	24,3 k €	-37.6%	38,9 k €
Balance sheet
Equity	91,4 k €	+471%	16 k €	-49.3%	31,5 k €	+138%	-83,8 k €	+22.4%	-108,1 k €
Total assets	98 k €	+119%	44,9 k €	-2.1%	45,8 k €	+264%	12,6 k €	-83.3%	75,5 k €
Cash	41,7 k €	+88.5%	22,1 k €	+47.8%	15 k €	+45.3%	10,3 k €	-86.1%	74,4 k €
Debts	6,7 k €	-76.8%	28,9 k €	+103%	14,2 k €	-84.8%	94 k €	-48.8%	183,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Basile Stein	Directorsince 14/07/2023
BENJAMIN MARDEEN	Director19/06/2023 → 27/06/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emilie Pinet	Director01/09/2018 → 2020 accountsManager01/09/2018 → 2018 accounts

Other companies at this address

Drève Richelle 161/O 1410 Waterloo

Company	CBE no.
ADVAGREEN● Active	0447.092.301
AXODYN BELGIUM● Active	0668.589.722
BENNY'S INVESTMENTS● Active	1002.656.138
BET IMMO● Active	0862.146.985
CONSILIUM● Active	0473.149.370
IMMOBILIERE DEL SOL● Active	0436.110.416
PBH● Active	1021.835.018
Project Partner Belgium● Active	0812.014.417
UTVA U.P.I.● Active	0848.125.339

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	14/07/2025	20/08/2024	31/07/2023	30/08/2022	30/07/2021
General meeting	29/08/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/08/2026	31/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	14/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	20/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	14/08/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	29/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	03/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	20/07/2017	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Basile Stein	Directorsince 14/07/2023
BENJAMIN MARDEEN	Director19/06/2023 → 27/06/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emilie Pinet	Director01/09/2018 → 2020 accountsManager01/09/2018 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/08/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office08/02/2024
SIEGE SOCIAL
PDF
Mandates25/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates22/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates09/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates02/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office16/05/2019
SIEGE SOCIAL
PDF
Mandates18/12/2018
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings10 filings

Mandates

Basile Stein

BENJAMIN MARDEEN

Emilie Pinet

Hubert BENJAMIN

JALALLADINE HESHMAT-DEHKORDI

Jalalladine Heshmat Dehkordi

FABIENNE LAURENT

201520162017201820192020202120222023202420252026

SBAMMASH CHEMICALS

Drève Richelle 161/O bte 106, 1410 Waterloo

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Drève Richelle 161/O bte 106, 1410 WaterlooCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00463925
Clos Monique Rifflet 9/E-2.1, 1180 Uccle	accounts 2022	Accounts 2022 · 2023-00297239
Chaussée d'Alsemberg 842 bte R17, 1180 Uccle	accounts 2021	Accounts 2021 · 2022-20364410

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SBAMCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00463925
MASH CHEMICALS	accounts 2016 → 2021	Accounts 2021 · 2022-20364410

Events

2025
Annual accounts 202575,4 k €↑
2024
Annual accounts 2024-15,5 k €↑
2023
Annual accounts 2023-19,6 k €↓
2022
Annual accounts 202224,3 k €↓
2022
Name changeSBAM
2021
Annual accounts 202138,9 k €↑
2020
Annual accounts 2020-58,3 k €↓
2019
Annual accounts 201914,8 k €↑
2018
Annual accounts 2018-62,3 k €↓
2017
Annual accounts 201734,3 k €↑
2016
Annual accounts 2016-95,5 k €
04/03/2015
IncorporationPrivate limited company

SBAM

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events