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GROUP SD

Active Risk: not assessed
Private limited companyfounded 2005active for 21 yearsGermeer 17, 2491 Balen, BelgiumKBO/BCE: BE 0874.640.288

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 27-03-2026 PDF all 20 filings

Turnover
≈ €270,000
Estimated: probably between €220,000 and €350,000
Total assets
€2.2m▼ 7.6%
2024 · €2.4m
Net result
€81,723▼ 2.1%
2024 · €83,490
Working capital
€642,154▲ 38.2%
2024 · €464,601
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 134% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Operating result€0.1m 2025 Net result€0.08m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€0.02m-€0.06m€0.02m▼ 63.3%€0.09m▲ 273%€0.01m▼ 88.1%€0.05m▲ 388%€0.1m▲ 134%
Net result-€0.01m-€0.05mwithin the sector's middle half€0.01mwithin the sector's middle half▼ 72.2%€0.06mwithin the sector's middle half▲ 317%€0.4mabove the sector's middle half▲ 563%€0.08mwithin the sector's middle half▼ 79.1%€0.08mwithin the sector's middle half▼ 2.1%
Equity€2.6m-€2.5mabove the sector's middle half▼ 3.9%€2.1mabove the sector's middle half▼ 14.9%€2.0mabove the sector's middle half▼ 7.8%€2.3mabove the sector's middle half▲ 17.6%€2.0mabove the sector's middle half▼ 13.6%€2.1mabove the sector's middle half▲ 4.1%
Total assets€2.6m-€2.7mabove the sector's middle half▲ 2.6%€2.6mwithin the sector's middle half▼ 5.2%€2.2mwithin the sector's middle half▼ 12.3%€2.4mwithin the sector's middle half▲ 6.7%€2.4mwithin the sector's middle half▲ 1.4%€2.2mwithin the sector's middle half▼ 7.6%
Debt€0.009m-€0.2m▲ 20×€0.4m▲ 129%€0.3m▼ 35.7%€0.07m▼ 74.9%€0.4m▲ 523%€0.2m▼ 63.7%
Working capital€1.2m-€1.0mabove the sector's middle half▼ 10.4%€0.7mabove the sector's middle half▼ 35.9%€0.5mabove the sector's middle half▼ 25.4%€0.8mabove the sector's middle half▲ 69.9%€0.5mabove the sector's middle half▼ 45.0%€0.6mabove the sector's middle half▲ 38.2%
Solvency99.7%-93.3%above the sector's middle half▼ 6.3pp83.9%above the sector's middle half▼ 9.5pp88.2%above the sector's middle half▲ 4.3pp97.2%above the sector's middle half▲ 9.1pp82.9%above the sector's middle half▼ 14.3pp93.3%above the sector's middle half▲ 10.4pp
Current ratio6.75above the sector's middle half2.61within the sector's middle half▼ 4.142.87within the sector's middle half▲ 0.2613.64above the sector's middle half▲ 10.772.12within the sector's middle half▼ 11.525.42above the sector's middle half▲ 3.31
Return on assets (ROA)-0.4%-1.9%within the sector's middle half▲ 2.3pp0.6%within the sector's middle half▼ 1.4pp2.7%within the sector's middle half▲ 2.1pp16.6%above the sector's middle half▲ 14.0pp3.4%within the sector's middle half▼ 13.2pp3.6%within the sector's middle half▲ 0.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0within the sector's middle half0within the sector's middle half0within the sector's middle half
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets €1.5m ▼ 5.9%
Current assets €787,305 ▼ 10.6%
Equity and liabilities €2.2m
Equity €2.1m ▲ 4.1%
Debt €150,911 ▼ 63.7%
Debt's share of the balance-sheet total falls from 17.1% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
3.9%▼
2024 · 4.1%
Debt ≤ 1 year
€145,152▼
2024 · €415,643
Income taxes
€54,179▲
2024 · €35,677
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-09-202230-09-202330-09-202430-09-2025
Tangible fixed assets€3,864€3,548€69,770-
Depreciation and write-downs of the year€2,148€2,693€5,614€20,715

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as GROUP SD: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.2m and €2.7m, founded between 2002 and 2006.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
GROUP SD Balen2005€2.2m€2.1m€0.2m€0.08m02025
Koen Drossaert Architect Antwerpen2002€2.2m€1.3m€0.1m€0.9m02025
KIDICO Ronse2005€2.2m€0.8m€0.2m€0.007m02025
K.K.M.C. Landen2006€2.3m€0.3m€0.2m€0.03m02025
Bintein Maarkedal2002€2.2m€2.0m€0.2m€0.2m02025
MOLIRENT Zedelgem2002€2.4m€1.4m€0.2m€0.1m02025
CHEFAR Heers2004€2.7m€2.1m€0.2m€0.2m02025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Source: Annual accounts 2025 (PDF), filed on 27-03-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.4m€2.2m▼
Fixed assets21/28€1.5m€1.5m▼
Tangible fixed assets22/27€0.1m€0.08m▼
Plant, machinery and equipment23€0.03m€0.03m▼
Furniture and vehicles24€0.07m€0.05m▼
Financial fixed assets28€1.5m€1.4m▼
Current assets29/58€0.9m€0.8m▼
Amounts receivable within one year40/41€0.7m€0.7m▲
Trade receivables40€0.04m€0.03m▼
Other amounts receivable41€0.6m€0.7m▲
Cash at bank and in hand54/58€0.2m€0.08m▼
Deferred charges and accrued income490/1€0.002m€0.002m▲
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.2m▼
Equity10/15€2.0m€2.1m▲
Contributions10/11€0.04m€0.04m=
Reserves13€2.0m€2.1m▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2.0m€2.1m▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€0.4m€0.2m▼
Amounts payable within one year42/48€0.4m€0.1m▼
Trade debts44€0.002m€0.005m▲
Suppliers440/4€0.002m€0.005m▲
Taxes, remuneration and social security45€0.01m€0.01m▲
Taxes450/3€0.01m€0.01m▲
Other amounts payable47/48€0.4m€0.1m▼
Accrued charges and deferred income492/3€0.001m€0.006m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.006m€0.02m▲
Other operating charges640/8€0.009m€0.001m▼
Non-recurring operating charges66A-€0.03m
Gross operating margin9900€0.07m€0.2m▲
Operating profit (loss)9901€0.05m€0.1m▲
Financial income75/76B€0.07m€0.02m▼
Recurring financial income75€0.07m€0.02m▼
Financial charges65/66B€0.001m€0.006m▲
Recurring financial charges65€0.001m€0.006m▲
Profit (loss) for the period before taxes9903€0.1m€0.1m▲
Income taxes67/77€0.04m€0.05m▲
Profit (loss) for the period9904€0.08m€0.08m▼
Profit (loss) for the period to be appropriated9905€0.08m€0.08m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.08m€0.08m▼
Transfer from equity791/2€0.4m€0▼
Transfer to equity691/2€0.08m€0.08m▼
To other reserves6921€0.08m€0.08m▼
Profit to be distributed694/7€0.4m€0▼
Return on contributions (dividend)694€0.4m€0▼
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,281€1,732€1,790€2,148€2,693€5,614€20,715▲ 269%
Other operating charges640/8---€102€1,039€8,621€1,323▼ 84.7%
Non-recurring operating charges66A---€0--€26,000-
Gross operating margin9900€3,539€68,148€41,139€90,975€14,331€65,958€169,016▲ 156%
Operating profit (loss)9901-€15,500€64,706€23,761€88,724€10,599€51,722€120,978▲ 134%
Financial income75/76B---€8,841€419,140€68,761€21,202▼ 69.2%
Recurring financial income75€7,994€8,683€9,029€8,841€419,140€68,761€21,202▼ 69.2%
Financial charges65/66B---€484€627€1,316€6,279▲ 377%
Recurring financial charges65€584€935€371€484€627€1,316€6,279▲ 377%
Profit (loss) for the period before taxes9903-€8,090€72,454€32,419€97,081€429,112€119,167€135,901▲ 14.0%
Income taxes67/77€1,450€20,664€17,996€36,931€30,045€35,677€54,179▲ 51.9%
Profit (loss) for the period9904-€9,540€51,790€14,422€60,150€399,068€83,490€81,723▼ 2.1%
Profit (loss) for the period to be appropriated9905-€9,540€51,790€14,422€60,150€399,068€83,490€81,723▼ 2.1%
Line2019202020212022202320242025Change
Assets
Total assets20/58€2.6m€2.7m€2.6m€2.2m€2.4m€2.4m€2.2m▼ 7.6%
Fixed assets21/28€1.5m€1.5m€1.5m€1.5m€1.5m€1.5m€1.5m▼ 5.9%
Tangible fixed assets22/27€0.02m€0.03m€0.03m€0.03m€0.04m€0.1m€0.08m▼ 20.8%
Plant, machinery and equipment23---€0.03m€0.03m€0.03m€0.03m▼ 6.5%
Furniture and vehicles24---€0.004m€0.006m€0.07m€0.05m▼ 26.2%
Financial fixed assets28€1.5m€1.5m€1.5m€1.5m€1.5m€1.5m€1.4m▼ 4.8%
Current assets29/58€1.2m€1.2m€1.1m€0.8m€0.9m€0.9m€0.8m▼ 10.6%
Amounts receivable within one year40/41€0.4m€0.5m€0.5m€0.5m€0.6m€0.7m€0.7m▲ 3.1%
Trade receivables40---€0.03m€0.02m€0.04m€0.03m▼ 42.2%
Other amounts receivable41---€0.5m€0.6m€0.6m€0.7m▲ 6.2%
Cash at bank and in hand54/58€0.8m€0.7m€0.6m€0.3m€0.3m€0.2m€0.08m▼ 57.8%
Deferred charges and accrued income490/1----€0.002m€0.002m€0.002m▲ 12.4%
Equity and liabilities
Total equity and liabilities10/49€2.6m€2.7m€2.6m€2.2m€2.4m€2.4m€2.2m▼ 7.6%
Equity10/15€2.6m€2.5m€2.1m€2.0m€2.3m€2.0m€2.1m▲ 4.1%
Contributions10/11€0.04m--€0.04m€0.04m€0.04m€0.04m=
Reserves13€2.6m€2.5m€2.1m€1.9m€2.3m€2.0m€2.1m▲ 4.1%
Non-distributable reserves130/1---€0.004m€0.004m€0--
Reserves not available under the articles1311---€0.004m€0.004m€0--
Distributable reserves133---€1.9m€2.3m€2.0m€2.1m▲ 4.1%
Profit (loss) carried forward14-€0.008m€0-€0€0€0€0-
Amounts payable17/49€0.009m€0.2m€0.4m€0.3m€0.07m€0.4m€0.2m▼ 63.7%
Amounts payable within one year42/48€0.009m€0.2m€0.4m€0.3m€0.07m€0.4m€0.1m▼ 65.1%
Trade debts44€0.003m€0.003m€0.005m€0.006m€0.004m€0.002m€0.005m▲ 202%
Suppliers440/4---€0.006m€0.004m€0.002m€0.005m▲ 202%
Taxes, remuneration and social security45---€0.03m€0.01m€0.01m€0.01m▲ 10.3%
Taxes450/3---€0.03m€0.01m€0.01m€0.01m▲ 10.3%
Other amounts payable47/48---€0.2m€0.05m€0.4m€0.1m▼ 68.2%
Accrued charges and deferred income492/3---€0.001m€0€0.001m€0.006m▲ 793%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€9,540€51,790€14,422€60,150€399,068€83,490€81,723▼ 2.1%
+ Depreciation and write-downs630€16,281€1,732€1,790€2,148€2,693€5,614€20,715▲ 269%
Operating cash flow (approximation)€6,742€53,522€16,213€62,299€401,761€89,104€102,438▲ 15.0%
Investment in fixed assets (approximation)--€20,171€0-€3,864-€3,548-€69,770€70,000-
Change in cash--€57,573-€113,429-€338,301€48,755-€128,362-€114,376▲ 10.9%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2025 abbreviated format 27-03-2026 2026-00063861 PDF
30-09-2024 abbreviated format 08-03-2025 2025-00045164 PDF
30-09-2023 abbreviated format 27-03-2024 2024-00050272 PDF
30-09-2022 abbreviated format 08-03-2023 2023-00036743 PDF
30-09-2021 abbreviated format 11-03-2022 2022-07500017 PDF
30-09-2020 abbreviated format 06-03-2021 2021-07200198 PDF
30-09-2019 abbreviated format 20-03-2020 2020-07000445 PDF
30-09-2018 abbreviated format 02-04-2019 2019-08700505 PDF
30-09-2017 abbreviated format 06-03-2018 2018-06200448 PDF
30-09-2016 abbreviated format 11-01-2017 2017-00800579 PDF

Show all 20 filings

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