ACTIVE

SBD Analytics

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Financial year 2025 · closed on 31/12/2025

Net result

151,7 k €

+207.7% YoY

Gross margin

260,9 k €

+92.0% YoY

Equity

367,9 k €

-4.7% YoY

What does SBD Analytics do?

SBD Analytics is a Private limited company incorporated in 2008. Its main activity is: Other education n.e.c.. Its registered office is in Bekkevoort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.638.394

Incorporation

24/04/2008

Legal form

Private limited company

Registered office

Hertstraat 2 box C
3460 Bekkevoort · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

85599Other education n.e.c.· main 85599Other education n.e.c.63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities 73200Market research and public opinion polling 73200Market research and public opinion polling

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	260,9 k €	+92.0%	135,9 k €	-21.0%	172,1 k €	-0.0%	172,2 k €	+15.9%	148,5 k €	-40.2%	248,4 k €	+0.5%	247,3 k €	+11.0%	222,8 k €	+22.6%	181,7 k €	+95.3%	93 k €	+8.5%	85,7 k €	+14.2%	75 k €	-43.2%	132 k €	+23.9%	106,5 k €	-23.1%	138,6 k €	+28.2%	108,1 k €	-3.9%	112,5 k €	+46.5%	76,8 k €
EBITDA	253,6 k €	+95.6%	129,6 k €	-22.0%	166,2 k €	+0.4%	165,6 k €	+16.6%	142 k €	-41.1%	241,2 k €	-0.3%	241,8 k €	+11.0%	217,8 k €	+40.8%	154,7 k €	+74.6%	88,6 k €	+14.5%	77,4 k €	+5.1%	73,6 k €	-26.7%	100,5 k €	+64.7%	61 k €	-33.3%	91,5 k €	+2.5%	89,3 k €	-10.0%	99,2 k €	+30.7%	75,9 k €
Operating result	225,8 k €	+196%	76,4 k €	-26.5%	103,8 k €	+22.1%	85 k €	+73.4%	49 k €	-68.0%	153,1 k €	-8.4%	167,2 k €	+19.8%	139,5 k €	+30.2%	107,2 k €	+95.4%	54,9 k €	+25.8%	43,6 k €	+2.1%	42,7 k €	-28.9%	60 k €	+50.1%	40 k €	-44.7%	72,2 k €	-0.5%	72,6 k €	-16.5%	87 k €	+17.1%	74,3 k €
Net result	151,7 k €	+208%	49,3 k €	-27.6%	68,1 k €	+35.0%	50,4 k €	+120%	22,9 k €	-76.7%	98,2 k €	-3.2%	101,5 k €	+20.9%	83,9 k €	+53.0%	54,8 k €	+116%	25,3 k €	+35.9%	18,6 k €	+3.0%	18,1 k €	-46.3%	33,7 k €	+41.7%	23,8 k €	-49.1%	46,8 k €	-3.0%	48,2 k €	-11.3%	54,4 k €	+22.3%	44,5 k €
Balance sheet
Equity	367,9 k €	-4.7%	386,3 k €	-11.8%	438 k €	-3.1%	451,9 k €	-4.6%	473,5 k €	-0.4%	475,6 k €	+12.6%	422,3 k €	+25.7%	335,9 k €	+32.5%	253,6 k €	+26.8%	200 k €	+14.5%	174,7 k €	+10.2%	158,5 k €	+11.0%	142,8 k €	+28.1%	111,5 k €	-5.3%	117,6 k €	+60.5%	73,3 k €	+387%	15,1 k €	+41.0%	10,7 k €
Total assets	579,1 k €	-4.0%	603,4 k €	-4.0%	628,8 k €	-19.3%	778,9 k €	-4.8%	818,5 k €	-13.3%	944,4 k €	+1.1%	934,3 k €	+6.7%	875,8 k €	-3.0%	902,5 k €	+31.4%	686,9 k €	-0.3%	689,2 k €	+7.0%	643,9 k €	-2.1%	657,7 k €	+317%	157,9 k €	+6.0%	148,9 k €	+28.4%	116 k €	-19.9%	144,8 k €	+62.0%	89,4 k €
Cash	461,9 k €	+386%	95,1 k €	-8.2%	103,5 k €	-53.8%	224,1 k €	+22.0%	183,7 k €	-35.9%	286,7 k €	+46.3%	195,9 k €	+119%	89,5 k €	+12.9%	79,3 k €	+65.0%	48 k €	+51.6%	31,7 k €	-54.4%	69,5 k €	+61.3%	43,1 k €	-37.9%	69,4 k €	+9.8%	63,2 k €	+965%	5,9 k €	-88.5%	51,5 k €	+16.6%	44,2 k €
Debts	211,1 k €	-2.8%	217,2 k €	+13.8%	190,9 k €	-41.6%	327 k €	-5.2%	345 k €	-26.4%	468,8 k €	-8.4%	512 k €	-5.2%	540 k €	-14.7%	632,8 k €	+30.0%	486,9 k €	-5.4%	514,5 k €	+6.0%	485,5 k €	-5.7%	514,9 k €	+1009%	46,4 k €	+48.4%	31,3 k €	-26.7%	42,7 k €	-67.1%	129,8 k €	+64.9%	78,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,8 ETP	-20.0%	1,0 ETP	-16.7%	1,2 ETP	-20.0%	1,5 ETP	0.0%	1,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Erik Spaepen

Director

Active

Sandra Bellens

Director

Active

Ended mandates

Erik Spaepen

Director · since 24 avril 2008

Ended

Erik Spaepen

Manager · since 24 avril 2008

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	19/08/2026	23/07/2025	24/06/2024	08/06/2023	22/08/2022	25/03/2021
General meeting	21/03/2026	22/03/2025	16/03/2024	18/03/2023	19/03/2022	20/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	21/03/2026	19/08/2026	Dutch	PDF
Micro model	31/12/2024	22/03/2025	23/07/2025	Dutch	PDF
Micro model	31/12/2023	16/03/2024	24/06/2024	Dutch	PDF
Micro model	31/12/2022	18/03/2023	08/06/2023	Dutch	PDF
Micro model	31/12/2021	19/03/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	20/03/2021	25/03/2021	Dutch	PDF
Micro model	31/12/2019	21/03/2020	24/07/2020	Dutch	PDF
Micro model	31/12/2018	22/06/2019	24/07/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	15/06/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	19/03/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	05/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	21/04/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	23/04/2011	28/05/2011	Dutch	PDF
Abridged model	31/12/2009	20/03/2010	09/04/2010	Dutch	PDF
Abridged model	31/12/2008	21/03/2009	25/03/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 2 active · 2 ended

Active mandates

Erik Spaepen

Director

Active

Sandra Bellens

Director

Active

Ended mandates

Erik Spaepen

Director · since 24 avril 2008

Ended

Erik Spaepen

Manager · since 24 avril 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/12/2017
DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/06/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other09/05/2008
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 2025151,7 k €↑
2024
Annual accounts 202449,3 k €↓
2023
Annual accounts 202368,1 k €↑
2022
Annual accounts 202250,4 k €↑
2021
Annual accounts 202122,9 k €↓
2020
Annual accounts 202098,2 k €↓
2019
Annual accounts 2019101,5 k €↑
2018
Annual accounts 201883,9 k €↑
2017
Annual accounts 201754,8 k €↑
2016
Annual accounts 201625,3 k €↑
2015
Annual accounts 201518,6 k €↑
2014
Annual accounts 201418,1 k €↓
2013
Annual accounts 201333,7 k €↑
2012
Annual accounts 201223,8 k €↓
2011
Annual accounts 201146,8 k €↓
2010
Annual accounts 201048,2 k €↓
2009
Annual accounts 200954,4 k €↑
2008
Annual accounts 200844,5 k €
24/04/2008
IncorporationPrivate limited company

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

SBD Analytics

Overview

What does SBD Analytics do?

Trend over 18 financial years

Indicative valuation

Board of directors

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