ACTIVE

SBQ

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Financial year 2025 · closed on 31/12/2025

Net result

-150,8 k €

+71.6% YoY

Gross margin

102,6 k €

+154.0% YoY

Equity

1,5 M €

-8.9% YoY

Workforce

0,0 ETP

What does SBQ do?

SBQ is a Private company with limited liability incorporated in 2004. Its main activity is: Buying and selling of own real estate. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.878.607

Incorporation

23/08/2004

Legal form

Private company with limited liability

Registered office

Beneluxpark(Kor) 11
8500 Kortrijk · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices

Signals

Positive EBITDA

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	102,6 k €	+154%	-190 k €	-113%	1,5 M €	+412%	290 k €	-66.1%	854,5 k €	+251%	243,6 k €	+45.9%	167 k €	-63.6%	459 k €	-28.8%	644,4 k €	+287%	166,4 k €	-65.6%	484,4 k €	+237%	143,6 k €	+308%	-68,9 k €	-186%	80 k €	+1174%	6,3 k €	-51.5%	13 k €	+206%	4,2 k €	-23.2%	5,5 k €	-63.3%	15 k €	-82.2%	84,5 k €
EBITDA	89,5 k €	+142%	-210,8 k €	-114%	1,5 M €	+426%	278,8 k €	-67.1%	847,7 k €	+257%	237,4 k €	+45.7%	162,9 k €	-64.2%	455,1 k €	-29.0%	641 k €	+294%	162,8 k €	-65.9%	478 k €	+238%	141,4 k €	+300%	-70,6 k €	-190%	78,9 k €	+1310%	5,6 k €	-54.3%	12,2 k €	+284%	3,2 k €	-22.4%	4,1 k €	-70.2%	13,8 k €	-83.7%	84,3 k €
Operating result	48,5 k €	+119%	-251,6 k €	-118%	1,4 M €	+414%	279,7 k €	-66.2%	827,3 k €	+286%	214,1 k €	+38.5%	154,6 k €	-65.6%	449,6 k €	-29.2%	635 k €	+284%	165,3 k €	-64.6%	467,6 k €	+235%	139,4 k €	+290%	-73,3 k €	-636%	13,7 k €	+1459%	877,9 €	-85.4%	6 k €	+840%	-812,8 €	-145%	1,8 k €	-85.6%	12,4 k €	-85.2%	83,8 k €
Net result	-150,8 k €	+71.6%	-531,3 k €	-160%	885,3 k €	+441%	163,8 k €	-69.5%	537 k €	+324%	126,7 k €	+37.0%	92,5 k €	-69.1%	299 k €	-19.8%	372,9 k €	+304%	92,3 k €	-62.8%	248 k €	+317%	59,4 k €	-52.2%	124,2 k €	+1906%	6,2 k €	+787%	-901,6 €	-126%	3,5 k €	+415%	-1,1 k €	-112%	-524,9 €	-108%	6,7 k €	-88.6%	58,9 k €
Balance sheet
Equity	1,5 M €	-8.9%	1,7 M €	-27.0%	2,3 M €	+52.3%	1,5 M €	-3.8%	1,6 M €	+13.6%	1,4 M €	+10.0%	1,3 M €	+2.7%	1,2 M €	+30.1%	945,3 k €	+40.3%	673,8 k €	+15.9%	581,5 k €	+74.4%	333,5 k €	+21.7%	274,1 k €	+82.9%	149,9 k €	+243%	43,7 k €	-2.0%	44,6 k €	+8.5%	41,1 k €	-2.6%	42,2 k €	-12.4%	48,2 k €	-29.1%	67,9 k €
Total assets	8,3 M €	-17.6%	10,1 M €	+56.4%	6,5 M €	+2.6%	6,3 M €	+90.3%	3,3 M €	+63.4%	2 M €	-16.8%	2,4 M €	-4.5%	2,5 M €	-2.2%	2,6 M €	-2.8%	2,7 M €	+5.4%	2,5 M €	+40.3%	1,8 M €	+60.8%	1,1 M €	+23.2%	914,3 k €	+310%	223 k €	+314%	53,8 k €	+19.1%	45,2 k €	-3.6%	46,9 k €	-56.9%	108,7 k €	-28.1%	151,3 k €
Cash	276,7 k €	-6.6%	296,2 k €	+9.2%	271,4 k €	+446%	49,7 k €	-94.1%	847 k €	+151%	338,1 k €	-57.7%	799,4 k €	+26.7%	630,9 k €	+27.8%	493,6 k €	+319%	117,9 k €	+169%	43,8 k €	-82.9%	256,2 k €	+300%	64,1 k €	-36.7%	101,3 k €	+366%	21,7 k €	-44.2%	38,9 k €	+28.4%	30,3 k €	+27.4%	23,8 k €	+684%	3 k €	-78.6%	14,2 k €
Debts	6,8 M €	-18.7%	8,3 M €	+103%	4,1 M €	-14.0%	4,8 M €	+176%	1,7 M €	+173%	633,1 k €	-45.8%	1,2 M €	-11.3%	1,3 M €	-20.6%	1,7 M €	-17.2%	2 M €	+2.3%	2 M €	+33.5%	1,5 M €	+72.0%	851,4 k €	+11.7%	762 k €	+325%	179,3 k €	+1839%	9,2 k €	+123%	4,1 k €	+6.6%	3,9 k €	-93.3%	58,1 k €	-27.9%	80,6 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

STEFANIE BECU

Director · since 19 août 2004

Active

Ended mandates

Bart Ottevaere

Manager · since 17 avril 2008 · until 25 novembre 2008

Ended

Bart Ottevaere

Manager · since 17 avril 2008

Ended

Luc Declercq

Manager · since 19 août 2004 · until 17 avril 2008

Ended

Luc Declercq

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
EL ARCHITECTS● Active	0460.778.209
RELES● Active	0713.563.276
RESMA● Active	0801.266.817

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	15/07/2026	01/07/2025	04/07/2024	20/06/2023	11/07/2022	24/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	15/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	04/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	05/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

STEFANIE BECU

Director · since 19 août 2004

Active

Ended mandates

Bart Ottevaere

Manager · since 17 avril 2008 · until 25 novembre 2008

Ended

Bart Ottevaere

Manager · since 17 avril 2008

Ended

Luc Declercq

Manager · since 19 août 2004 · until 17 avril 2008

Ended

Luc Declercq

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares29/12/2017
KAPITAAL - AANDELEN
PDF
Capital / shares10/01/2013
KAPITAAL - AANDELEN
PDF
Mandates18/12/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other09/05/2008
statutenwijziging
PDF
Other31/08/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-150,8 k €↑
2024
Annual accounts 2024-531,3 k €↓
2023
Annual accounts 2023885,3 k €↑
2022
Annual accounts 2022163,8 k €↓
2021
Annual accounts 2021537 k €↑
2020
Annual accounts 2020126,7 k €↑
2019
Annual accounts 201992,5 k €↓
2018
Annual accounts 2018299 k €↓
2017
Annual accounts 2017372,9 k €↑
2016
Annual accounts 201692,3 k €↓
2015
Annual accounts 2015248 k €↑
2014
Annual accounts 201459,4 k €↓
2013
Annual accounts 2013124,2 k €↑
2012
Annual accounts 20126,2 k €↑
2011
Annual accounts 2011-901,6 €↓
2010
Annual accounts 20103,5 k €↑
2009
Annual accounts 2009-1,1 k €↓
2008
Annual accounts 2008-524,9 €↓
2007
Annual accounts 20076,7 k €↓
2007
Name changeSBQ
2006
Annual accounts 200658,9 k €
2006
Name changeD & B ESTATE
23/08/2004
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SBQ

Overview

What does SBQ do?

Trend over 20 financial years

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